Bay Grove Residences Phase 3
Bay Grove Residences Phase 3 offers luxury waterfront apartments and duplexes at Dubai Islands, featuring resort-style amenities, lush podium gardens, and panoramic sea views.
Starting from
AED 1,900,000
Bay Grove Residences Phase 3 is an off-plan development by Nakheel Properties in Dubai, Dubai. Prices start from AED 1,900,000 with a 70/30 payment plan. Handover is expected 2029, 4 unit types are available.
Updated Oct 2026 · Peak Trust Global Real Estate
Project Highlights
- Bedrooms
- 1 to 4 BR
- Area Range
- Approx 862 to 3369 sqft
- Payment Plan
- 70/30
- Handover
- Q1 2029
- Status
- Off Plan
- Developer
- Nakheel
Market Intelligence
Data-driven investment insights for Bay Grove Residences Phase 3
Off-plan sales in Palm Deira have grown 12.5×, from 358 deals in 2023 to 4,472 in 2025, on pace for ≈5,619 in 2026. Prices in Palm Deira have held steady, the mark of a stable, established market. Bay Grove Residences Phase 3 commands a 13% premium over the area average, in line with new premium stock.
12.5×
Demand growth
Area deals · 2023→2025
—
Area price trend
Off-plan AED/sqft · 5-yr
AED 2,204
Price / sqft
Asking · 1 BR
263
Developer projects
NAKHEEL · #2 by sales
—
Total units
Buyer Demand
Off-plan transactions per year · area
Off-plan sales in Palm Deira have grown 12.5×, from 358 deals in 2023 to 4,472 in 2025, on pace for ≈5,619 in 2026.
Solid = deals registered so far; outline = projected full-year from the year-to-date pace. Recent deals take a few weeks to appear in official records, so the current count is a conservative estimate.
Price Momentum
Off-plan price per sqft (AED) · area
Prices in Palm Deira have held steady, the mark of a stable, established market.
Price Positioning
Median sold price by unit type (AED / sqft) · project vs wider area
Bay Grove Residences Phase 3 commands a 13% premium over the area average, in line with new premium stock.
Developer Strength
NAKHEEL GROUP
263
Total projects
70
Active now
A top-2 Dubai developer by sales volume, #2 by project count (of 823+): 96 delivered, 70 active.
Investor Snapshot
FreeFactual figures for serious investors: comparable sales, rental income & market structure.
Gross rental yield
District 1BR · indicative
Off-plan share
Area sales · recent
Booking capital
50% during construction
Recent Comparable Sales
| Date | Type | Sqft | AED/sqft | Price |
|---|---|---|---|---|
Source: official records · area
Rental Income Potential
Payment schedule (50 / 50)
Rents: registered Ejari contracts. Payment: from-price basis.
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Market data: Bay Grove Residences Phase 3Key figures for Bay Grove Residences Phase 3 in Palm Deira from official transaction records. Updated Jul 2026.View source data
| Area average price / sqft | AED 1,946 |
|---|---|
| Asking price / sqft (1-bed) | AED 2,204 |
| Total projects | 263 |
|---|---|
| Delivered | 96 |
| Active / under construction | 70 |
| Rank by sales volume (Dubai) | #2 of 823 |
| Rank by projects (Dubai) | #2 of 823 |
| Year | AED / sqft |
|---|---|
| 2023 | AED 2,440 |
| 2024 | AED 2,122 |
| 2025 | AED 1,946 |
| Year | Transactions |
|---|---|
| 2023 | 358 |
| 2024 | 1,782 |
| 2025 | 4,472 |
Data computed by Peak Trust Analytics · Dubai market data powered by the Dubai Land Department (DLD) · Updated Jul 2026. Proprietary — not to be reused or redistributed without authorization. Not investment advice.
About Bay Grove Residences Phase 3 – Dubai, UAE
Contact Peak Trust for Bay Grove Residences Phase 3
Phone
+971 50 226 0017Office Hours
Monday to Saturday, 10am to 11pm. Sunday closed.
Office Location
Office No. 903, Al Moosa Tower 2, 1503 Sheikh Zayed Road, Trade Centre First, Dubai, UAE
Peak Trust Global Real Estate is UAE's leading property consultancy. Contact our expert team for detailed information about Bay Grove Residences Phase 3, schedule viewings, and get assistance with financing options. Call us at +971 50 226 0017 or email [email protected].
Real Estate Agent | UAE | English, Arabic
Amenities & Features
Available Unit Types
1 BR Apartment
Starting from
AED 1,900,000
2 BR Apartment
Available with optional maid room layouts
Starting from
AED 2,800,000
Up to AED 3,400,000
3 BR Apartment
Starting from
AED 4,800,000
4 BR Duplex
Duplex with expansive terraces and panoramic views
Starting from
AED 9,700,000
| Unit Type | Bedrooms | Area Details | Starting Price | Action |
|---|---|---|---|---|
1 BR Apartment | 1 | 862 sqft | AED 1,900,000 | |
2 BR Apartment | 2 | 1,306-1,602 sqft | AED 2,800,000 Up to AED 3,400,000 | |
3 BR Apartment | 3 | 2,096 sqft | AED 4,800,000 | |
4 BR Duplex | 4 | 3,369 sqft | AED 9,700,000 |
Payment Plan
70/30
- 20%
Down Payment
On Booking
Initial down payment
- 10%
1st Instalment
September 2025
First construction milestone payment
- 5%
2nd Instalment
January 2026
Second construction milestone payment
- 10%
3rd Instalment
May 2026
Third construction milestone payment
- 10%
4th Instalment
September 2026
Fourth construction milestone payment
- 10%
5th Instalment
January 2027
Fifth construction milestone payment
- 5%
6th Instalment
May 2027
Final construction milestone payment
- 30%
On Handover
March 2029
Final payment on completion
Gallery
Developer Profile - Nakheel Properties
Learn more
Location
Nearby Places
Frequently Asked Questions
The expected handover for Bay Grove Residences Phase 3 is scheduled for the first quarter of 2029, with final completion planned for March 2029.
The project offers 1, 2, and 3 bedroom apartments as well as spacious 4 bedroom duplex residences with private terraces and sea views.
Bay Grove Residences Phase 3 is developed by Nakheel, a leading master developer known for creating iconic waterfront communities in Dubai.
The project features a 70/30 payment plan, with 70 percent payable during construction and 30 percent due on handover in March 2029.
The project is located on Island B within Dubai Islands, offering beachfront living with convenient access to Deira, Downtown Dubai, and Dubai International Airport.
Prices at Bay Grove Residences Phase 3 start from AED 1,900,000, in Dubai, Dubai. Contact Peak Trust for the latest availability and full price list.
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