Bay Grove Residences: Nakheel's Final Phase on Dubai Islands, Explained
Nakheel has launched the final phase of Bay Grove Residences on Dubai Islands, adding 257 apartments...
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Bay Grove Residences: Nakheel's Final Phase on Dubai Islands, Explained

REC AI Analyst REC AI Analyst
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TL;DR — Bay Grove Residences in one read
  • Bay Grove Residences is Nakheel's beachfront apartment community on Dubai Islands. The final release, Phase 4, adds 257 residences across four buildings — 1 to 4-bedroom apartments plus one 4-bedroom penthouse.
  • Phase 4 prices start from AED 2 million for a one-bedroom unit (908 sq ft), rising to AED 10 million-plus for a four-bedroom residence, per Property Finder's listing of Nakheel's official pricing.
  • Handover for Phase 4 is targeted for September 2028, per Property Finder — roughly two and a half years after this article's publication.
  • The payment structure is a 10/60/30 split: 10% at booking, 60% during construction, 30% on handover — lighter on the deposit than Dubai's common 20/80 pattern but heavier on completion than many post-handover plans.
  • Amenities lean hard into the beachfront brief: direct access to Crystal Beach, an infinity pool, a boardwalk with running paths, a clubhouse, fitness and yoga facilities, kids' zones and a pet wash station.
  • Dubai Islands as a whole is trading around AED 1,800–2,200 per sq ft in Q1 2026, per TruHauz market data, up roughly 16% year on year — Bay Grove's Phase 4 entry pricing sits inside that band.
  • At AED 2 million and above, Phase 4 units clear the current AED 2 million property threshold for Dubai's 10-year Golden Visa investor route, which is a genuine secondary draw for buyers layering residency onto the purchase.

Nakheel does not launch phases of Bay Grove Residences quietly. Since unveiling the project in October 2024, the developer has released a new tranche roughly every few months, and each one has reportedly sold out before the next was announced. Phase 4 — the final phase, confirmed as such in Nakheel's own July 2025 announcement — is now on the market, and it is the one prospective buyers should evaluate most carefully, because it is the last chance to buy into this specific waterfront address before the community is complete and any further supply shifts to the resale market.

This article works through what is actually published about Bay Grove Residences Phase 4: unit sizes and starting prices, the payment plan, the amenity list, the construction and handover timeline, and how the numbers stack up against Dubai's other waterfront addresses — Palm Jumeirah, Bluewaters Island, JBR and Nakheel's own Rixos-branded project one island over. Every figure is sourced to Nakheel's official channels, Property Finder's listing of the developer's pricing, or named market-data publishers, and anything that is not yet public is flagged rather than guessed. Last updated: July 2026.

Bay Grove Residences at a Glance

Before the detail, the headline facts in one place. Bay Grove sits on Dubai Islands — Nakheel's five-island, 18.6 sq km waterfront masterplan off the coast of Deira, positioned as a central pillar of the Dubai 2040 Urban Master Plan, per Nakheel's own project pages. Bay Grove itself occupies a beachfront plot within the Marina District of the islands, sometimes referenced by its plot designation, Shore Island (Island B).

Detail Bay Grove Residences — Phase 4
Developer Nakheel
Location Dubai Islands (Marina District), Deira
Unit types 1, 2, 3 and 4-bedroom apartments, plus one 4-bedroom penthouse
Total residences (Phase 4) 257, across 4 buildings
Starting price From AED 2 million (1-bedroom)
Payment plan 10% booking / 60% construction / 30% handover
Handover September 2028 (targeted)
Ownership Freehold
Signature amenity Direct access to Crystal Beach + boardwalk

Sources: Nakheel, Bay Grove Phase 4 project site, Property Finder.

Where Bay Grove Sits on Dubai Islands

Dubai Islands is Nakheel's reclaimed archipelago off the Deira coastline — five connected islands totalling roughly 18.6 sq km, with more than 20 km of beaches once fully built out, per Nakheel's own masterplan materials. It replaces the older "Deira Islands" branding and is being positioned as a mixed hospitality, residential and retail destination that plugs directly into the Dubai 2040 Urban Master Plan's push to add coastal land and population capacity on the northern side of the creek.

Bay Grove sits within the Marina District portion of the islands, on what Nakheel and its listing partners refer to as Shore Island. The practical access points, per Property Finder's project data, are roughly 13 km (about 18 minutes) to Dubai International Airport, around 7 km to Al Mamzar Beach Park, and about 12 km to Burjuman Mall — putting the project closer to the older Deira/Bur Dubai core than to the Marina/JBR side of the city, with the Infinity Bridge providing the mainland connection referenced by several listing agents. For the fuller masterplan picture — which islands host which developers, what else Nakheel has released, and how the wider area's pricing has moved — see our Dubai Islands area guide.

Unit Mix, Sizes and Starting Prices

Phase 4's 257 residences span four buildings, with the fourth — Building 15 in Nakheel's internal numbering — reserved exclusively for the four-bedroom apartments and the project's single penthouse, per the Phase 4 project site. The other three buildings carry the one, two and three-bedroom stock, including two-bedroom layouts with dual en-suites or an optional maid's room, and three-bedroom units with an en-suite plus maid's room as standard.

Unit type Size (sq ft) Starting price (AED) Approx. AED / sq ft
1-bedroom 908 2,000,000 ~2,203
2-bedroom 1,247 3,100,000 ~2,486
3-bedroom 1,999 4,900,000 ~2,451
4-bedroom 3,148 10,000,000 ~3,177
4-bedroom penthouse 5,972 Price on application

Sizes and starting prices per Property Finder's listing of Nakheel's official Phase 4 pricing. Per-sq-ft figures are calculated from the stated size and starting price and will vary by floor, view and finish.

Two things stand out in that table. First, the per-sq-ft rate is not flat across the unit mix — it climbs from roughly AED 2,200 for the smallest one-bedroom to over AED 3,100 for the four-bedroom stock, which is the premium Nakheel is charging for Building 15's larger floorplates and — presumably — better sea-facing positions. Second, earlier Bay Grove phases (1 through 3) were priced lower, with some agent listings referencing entry points nearer AED 1.85 million for the first releases in late 2024 and early 2025; Phase 4, as the final and presumably best-positioned release, is priced at a premium to that early-mover pricing. If you already own in an earlier Bay Grove phase, that gap is a useful proxy for how much the project has re-rated since launch — though it is not a substitute for a proper resale comparable.

The Payment Plan, Broken Down

Nakheel's published structure for Phase 4, per Property Finder, is a straightforward three-stage split: 10% at booking, 60% spread across the construction period, and 30% due on handover. That is lighter on the initial deposit than Dubai's traditional 20% booking norm, but it front-loads more of the remaining balance into the construction window than some of the post-handover plans currently being offered elsewhere in the market — where buyers might see 40–60% due only after keys are handed over. For context on how Bay Grove's structure compares with the range of payment plan formats developers use across Dubai right now, see our off-plan payment plans guide.

Stage % of price Example — 1BR at AED 2,000,000 Example — 3BR at AED 4,900,000
Booking deposit 10% AED 200,000 AED 490,000
During construction (to handover) 60% AED 1,200,000 AED 2,940,000
On handover (Sept 2028, targeted) 30% AED 600,000 AED 1,470,000
Total 100% AED 2,000,000 AED 4,900,000

What Nakheel has not published — at least not in the sources reviewed for this article — is the exact number of instalments the 60% construction tranche is broken into, or the specific completion percentages that trigger each draw. Buyers should request the full instalment schedule (dates and construction milestones) directly from a Nakheel-registered sales channel or their broker before booking, and confirm it in writing as part of the sale and purchase agreement rather than relying on a summary. Every off-plan payment, regardless of stage, should be paid into the project's RERA-registered escrow account — never to an agent or developer account directly — and buyers can confirm the escrow account details on the DLD's public registers before transferring a single dirham.

Amenities: What "Beachfront" Actually Means Here

Nakheel's marketing for Bay Grove leans entirely on the waterfront positioning, and the amenity list backs that up rather than being generic tower-block boilerplate. Per the Phase 4 project site and Nakheel's own press materials, residents get direct access to Crystal Beach — a swimmable, managed beach rather than a shared public strip — plus a boardwalk with dedicated running paths that connects the four buildings to the wider Bay Grove community park.

The rest of the list is what you would expect from a resort-positioned mid-to-upper-market launch, but it is worth itemising because it is what a buyer is actually paying the AED 2,200+ per sq ft rate for:

  • Water and pools: an infinity lap pool, a separate family pool, and kids' pools.
  • Fitness: indoor and outdoor gyms plus a dedicated yoga studio.
  • Social and work: a clubhouse with private dining space, a cinema and games room, and lounge/co-working areas referenced across Nakheel's Bay Grove materials.
  • Family: kids' play areas with pantry and changing facilities.
  • Pet-specific: a dedicated pet wash station — a small but telling detail for a project positioning itself as a long-term residential address rather than a purely investor-facing launch.
  • Landscaping: elevated podium gardens across the four connected buildings, plus shared basement parking.

Compared with the amenity lists at Nakheel's earlier Palm Jumeirah launches, Bay Grove's brief is closer to "resort community" than "single tower with a gym" — the boardwalk and community park in particular are masterplan-level infrastructure rather than building-specific extras, which matters because it means their delivery timeline is tied to the wider Dubai Islands rollout, not solely to Bay Grove's own construction programme.

Handover Timeline and What "Final Phase" Means for Delivery Risk

Nakheel confirmed Phase 4 as Bay Grove's final release in a July 2025 announcement, describing it as building on the "successful sell-out" of the earlier phases. Property Finder's listing for Phase 4 states a targeted handover of September 2028; buyers should treat that as Nakheel's current published target rather than a contractual guarantee, and confirm the binding completion date in the sale and purchase agreement itself, since off-plan handover dates across Dubai — including at large, well-capitalised developers — do sometimes slip by several quarters.

Being the final phase carries two practical implications worth weighing. On the upside, it means no further Bay Grove releases will compete with this stock for buyer attention or for the same beachfront positioning — once Phase 4 sells out, any further supply on this specific plot is resale, not fresh off-plan inventory from Nakheel. On the downside, later phases in a multi-phase project are sometimes built out after the earlier ones, meaning early buyers' amenities and landscaping may complete first while committing to keep the amenity brief consistent across all four phases is up to the developer, not contractually guaranteed to any individual buyer. Confirm with your sales channel exactly which phase's amenities your unit's building is tied to before assuming universal access to everything listed on the Phase 4 microsite.

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Bay Grove vs Other Dubai Waterfront Projects

Bay Grove is not the only beachfront option in Dubai right now, and its AED 2,200+ per sq ft entry point needs context against both the rest of Dubai Islands and Dubai's more established waterfront addresses.

Project Location Entry price / rate Handover
Bay Grove Residences (Phase 4) Dubai Islands From AED 2M (~AED 2,203/sq ft) Sept 2028 (targeted)
Rixos Hotel & Residences Dubai Islands 1BR from AED 2.6M Q4 2027
Dubai Islands (area average, all stock) Dubai Islands AED 1,800–2,200/sq ft (+16% YoY) Mixed / ready + off-plan
Palm Beach Towers (Nakheel) Palm Jumeirah From AED 3.5M (~AED 3,550/sq ft) Q4 2026
Bluewaters Island (Meraas) Off Dubai Marina/JBR AED 2,200–3,500/sq ft Ready (resale market)
JBR (secondary market) Jumeirah Beach Residence 1BR from ~AED 1.2M–1.5M Ready (resale market)

Bay Grove and Rixos figures per Property Finder and Nakheel; Dubai Islands area average per TruHauz Q1 2026 market data; Palm Beach Towers per Off-Plan Dubai/Property Finder listings; Bluewaters and JBR figures per general Dubai waterfront market compilations current to 2026. Treat cross-source per-sq-ft comparisons as directional, not exact, since methodology varies by publisher.

The read-through: Bay Grove's Phase 4 pricing sits close to the middle of the Dubai Islands range and meaningfully below Palm Jumeirah's newest launches, while sitting above JBR's older, more liquid secondary stock. That is a fairly typical position for a new-build project on an emerging island versus a 20-year-established address — buyers are paying a premium for brand-new construction and a beach-community masterplan, not for JBR's proven rental history or Palm Jumeirah's global brand recognition. Whether that trade-off makes sense depends heavily on your investment horizon and risk tolerance, which is exactly what our ROI calculator is built to stress-test before you commit a deposit.

Rental and Investment Case: What the Yield Data Actually Supports

Dubai Islands is still a young rental market — most of its residential stock has been handed over only in the past two to three years — so any yield figure quoted for the area should be read as an early-stage estimate rather than a mature track record. With that caveat stated plainly: gross rental yields across Dubai Islands are being reported in the region of 7.5% and above for long-term lets, with net yields (after management fees, service charges and vacancy) estimated at roughly 4.5–7.5%, per Dubai Islands Properties' 2026 investor analysis. The same source flags short-term/holiday-let yields reaching 11–13% for well-managed, sea-view apartments, reflecting the area's positioning as a resort-style destination rather than a pure commuter suburb — a dynamic explored in more depth in our Dubai Airbnb ROI guide.

Case box — Modelling a Bay Grove one-bedroom on completion

An investor books a 908 sq ft one-bedroom at AED 2 million under the 10/60/30 plan: AED 200,000 at booking, AED 1.2 million staged through construction, AED 600,000 on the targeted September 2028 handover. If the unit lets on a long-term contract at a gross yield toward the upper end of Dubai Islands' current 7.5%+ range, that implies roughly AED 150,000 in annual gross rent — before service charges, management fees and any void periods are deducted, which is where the net figure typically lands closer to 4.5–6% on most Dubai Islands stock reported to date. If the same owner instead licenses the unit as a holiday home and captures anything near the reported 11–13% short-term range, gross income could run meaningfully higher, but with materially more operating cost, management overhead and DTCM/holiday-home compliance to factor in. The point of the exercise is not the specific number — it is that a buyer should model both the long-let and short-let paths against their own cost assumptions, rather than anchoring to whichever headline yield figure looks best in a brochure.

Golden Visa Angle: The AED 2 Million Threshold

Every unit type in Bay Grove Phase 4 starts at or above AED 2 million, which is the property-value threshold currently required for Dubai's 10-year Golden Visa investor pathway. That is not a Bay Grove-specific benefit — it applies to any single Dubai property purchased at or above that value — but it is a genuine secondary consideration for buyers who are weighing this purchase partly as a residency route rather than purely as a rental or capital-growth play. The mechanics (whether the property can be mortgaged, what proof of ownership is required, how long the process takes) are covered in full in our Golden Visa through property investment guide — worth reading before assuming eligibility, since financed purchases carry additional equity requirements that an all-cash AED 2 million buyer would not face.

How Bay Grove Compares to Other New Nakheel-Style Launches This Cycle

Bay Grove is one of several master-community-style launches that have come to market in the past 18 months positioning themselves around a specific lifestyle theme rather than generic "luxury living" branding — Bay Grove's is beachfront community life; elsewhere in Dubai, Emaar's golf-course-fronted Emaar Golf Vale in Emaar South is running the same playbook around fairway living. Both are useful reference points for how developers are currently pricing theme-led master communities relative to their surrounding areas — see our coverage of Emaar Golf Vale for the comparison. The common thread across this generation of launches is that the lifestyle theme (beach, golf, forest, lagoon) is now doing as much of the marketing work as the developer's name — which makes it more important than ever to check what is actually delivered against what is promised at launch, rather than buying the theme alone.

Risks and Open Questions Worth Raising With Your Broker

Nothing here should be read as a reason not to buy — but a handful of points are genuinely unresolved in the public record and worth putting directly to a Nakheel sales channel before signing:

  • Detailed instalment schedule. The 10/60/30 split is confirmed, but the specific dates and construction-percentage triggers within the 60% tranche were not published in the sources reviewed for this article — get this in writing before booking.
  • Service charges. No Bay Grove-specific service charge rate has been published yet, which is normal for a project still under construction, but it is a material ongoing cost that should be modelled once estimates are available — Nakheel's beachfront amenity list (pools, boardwalk maintenance, beach upkeep) typically sits at the higher end of Dubai's service charge range for comparable buildings elsewhere.
  • Masterplan delivery sequencing. Some of Bay Grove's amenity brief (the community park, boardwalk connections to neighbouring plots) is tied to wider Dubai Islands infrastructure delivery, not solely to Bay Grove's own construction — confirm which amenities are contractually guaranteed to your specific building versus masterplan-dependent.
  • Resale liquidity. Dubai Islands does not yet have the multi-year resale transaction history that Palm Jumeirah or JBR can show, so exit liquidity assumptions should be conservative until more registered resale data accumulates.
Case box — End-user vs investor decision

A relocating family comparing a Bay Grove three-bedroom at AED 4.9 million against a comparable finished three-bedroom in an established community weighs it differently to a pure investor. For the family, the deciding factors are the September 2028 handover timeline against their own relocation schedule, whether the school and healthcare infrastructure they need is realistically in place on Dubai Islands by then, and whether they are comfortable committing 70% of the price before the building — and much of the surrounding masterplan — exists. For the investor, the deciding factors are narrower: entry price relative to the AED 1,800–2,200/sq ft Dubai Islands average, the strength of the 10/60/30 cash flow profile against their own liquidity, and a conservative view of achievable yield until Dubai Islands has a longer rental track record. Both buyers can reach the right answer for themselves with the same data — they are just weighting it differently.

Frequently Asked Questions

What is Bay Grove Residences?

Bay Grove Residences is a beachfront apartment community developed by Nakheel on Dubai Islands, in the Marina District off Deira. It has been released in phases since October 2024, and Phase 4 — announced by Nakheel in July 2025 — is confirmed as the final phase, adding 257 residences across four buildings.

How much does Bay Grove Residences cost?

Phase 4 prices start from AED 2 million for a one-bedroom apartment (908 sq ft), rising to AED 3.1 million for a two-bedroom, AED 4.9 million for a three-bedroom, and from AED 10 million for a four-bedroom unit, per Property Finder's listing of Nakheel's official pricing. The project's single penthouse (5,972 sq ft) is priced on application. Earlier phases (1–3) launched at somewhat lower entry points.

When is Bay Grove Residences Phase 4 handover?

Property Finder lists a targeted handover of September 2028 for Phase 4. As with any off-plan project, treat this as the current published target and confirm the binding completion date in your sale and purchase agreement rather than relying on marketing material alone.

What is the Bay Grove Residences payment plan?

Nakheel's published structure is 10% at booking, 60% during construction, and 30% on handover. The exact instalment dates within the 60% construction tranche were not published in the sources reviewed for this article, so request the full schedule from your sales channel before booking.

Where exactly is Bay Grove Residences located?

Bay Grove sits within the Marina District of Dubai Islands, on the plot sometimes referenced as Shore Island (Island B), connected to the mainland via the Infinity Bridge. It is roughly 13 km from Dubai International Airport and close to Al Mamzar Beach Park.

Does Bay Grove Residences qualify for the Dubai Golden Visa?

Every unit type in Phase 4 is priced at or above AED 2 million, which meets the current property-value threshold for Dubai's 10-year Golden Visa investor route. Eligibility rules around financing and proof of ownership still apply — check the full requirements before assuming automatic eligibility.

What amenities does Bay Grove Residences offer?

Per Nakheel's Phase 4 materials, residents get direct access to Crystal Beach, an infinity pool and family pool, a boardwalk with running paths, a clubhouse with private dining, indoor and outdoor gyms, a yoga studio, kids' play areas, a cinema and games room, and a dedicated pet wash station.

How does Bay Grove Residences compare to Palm Jumeirah or Bluewaters Island?

Bay Grove's Phase 4 entry pricing (around AED 2,200 per sq ft) sits below Nakheel's newest Palm Jumeirah launch, Palm Beach Towers (from roughly AED 3,550 per sq ft), and within the lower-to-middle end of Bluewaters Island's AED 2,200–3,500 per sq ft range. It is priced above JBR's older secondary-market stock, which reflects Bay Grove's new-build, off-plan positioning versus JBR's two-decade rental track record.

Is Bay Grove Residences a good investment?

That depends on your horizon and risk tolerance. Dubai Islands as a whole is still an early-stage rental market — reported gross yields sit around 7.5%+ for long-term lets and 11–13% for well-managed short-term/holiday lets, per specialist market analysis, but with a much shorter track record than established addresses like JBR or Palm Jumeirah. Run your own numbers against both the long-let and short-let scenarios, factoring service charges once they are published, before treating any headline yield figure as guaranteed.

Considering an off-plan purchase on Dubai Islands?

Bay Grove is one of several new-build waterfront launches competing for attention right now, and the right choice depends on your budget, timeline and whether you are buying to live in or to let. Inside the REC community, members share registered comparables, developer payment-schedule details and on-the-ground construction updates for projects like this one as they emerge. Start with our Dubai real estate investment guide, then model any specific unit with our ROI calculator before you commit a deposit.

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