Bay Grove Residences Phase 4: Nakheel's Latest Release on Dubai Islands
Bay Grove Residences Phase 4 is the newest phase in Nakheel's residential cluster on Dubai Islands, the reclaimed archipelago off the Deira coast. Construction began in August 2025, with completion targeted for September 2028. Buyers entering now are looking at roughly 27 months to handover.
What Being on Dubai Islands Actually Means
Dubai Islands sits north of Deira, linked to the mainland by bridge. Downtown Dubai is approximately 25 to 30 minutes by car. Dubai International Airport is closer, around 15 to 20 minutes. The draw is waterfront living in a district that is still in active development.
This is an emerging location, not an established neighbourhood. The area's retail, dining, and community infrastructure are building out alongside projects like this one. For an owner-occupier, daily convenience will depend on how quickly that broader build-out progresses. For an investor, the waterfront address is the thesis, and the location's trajectory is the variable to watch.
AED 2M to AED 10.33M: What the Range Reflects
The price spread is wide, and it tracks unit size rather than anything else.
One-bedroom apartments start at AED 2,000,000 across 908 sq ft, approximately AED 2,200 per sq ft. This is the entry-level ticket into the development. The buyer here is most likely an investor seeking a waterfront address at the lowest commitment.
Two-bedroom apartments start at AED 3,110,000 (1,247 sq ft). Three-bedrooms begin at AED 4,940,000 (1,999 sq ft). These suit family buyers or investors targeting the longer-stay rental market.
Four-bedroom apartments top out at AED 10,330,000 across 3,148 sq ft, roughly AED 3,280 per sq ft. The jump from a three-bedroom to a four-bedroom is significant in per-sq-ft terms, not just in total price. Buyers at this level are paying a premium for scale in a waterfront setting.
Apartments and Penthouses
The mix runs from one-bedroom to four-bedroom apartments, plus four-bedroom penthouses at 5,972 sq ft. There are no studios. The smallest unit at 908 sq ft signals that this project is not targeting compact investment units. The format suits owner-occupiers and buyers looking for a liveable space rather than the smallest possible entry point.
The penthouse format at nearly 6,000 sq ft is a different product entirely. It offers villa-scale space in an apartment structure, which appeals to buyers who want that footprint without the land cost and maintenance of a standalone property.
What Six Amenities Tell You
| Category | Amenity |
|---|---|
| Fitness | Gymnasium, Indoor Swimming Pool |
| Outdoor Space | Landscaped Gardens |
| Family | Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor pool is the standout item. It provides year-round usability, which matters in Dubai where peak summer temperatures make outdoor swimming impractical for extended periods. On-site restaurants are a practical plus while Dubai Islands' wider dining scene continues to develop.
Six amenities overall is a functional, rather than resort-style, offering. The lean list points to a project aimed at long-term residents who want core facilities without a service charge inflated by amenities they rarely use.
Getting In for 10%
| Phase | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 60% |
| Handover | 30% |
A 10% down payment is a low barrier for off-plan entry. On the starting one-bedroom at AED 2,000,000, that means AED 200,000 to secure the unit.
The 60% during construction spreads across the build period to September 2028. The final 30% is due in full at handover with no post-handover installment option. That is a meaningful lump sum due at a fixed date.
September 2028: Where the Clock Stands
Construction started August 2025. Expected handover is September 2028, a 37-month build. For a buyer entering now, you are near the project's booking date, with approximately 27 months until completion. That window gives time to arrange mortgage pre-approval or prepare the handover payment, but it is not a long horizon for investors counting on rapid capital appreciation before handover.