Bay Grove Residences Phase 3 in Dubai Islands
Bay Grove Residences Phase 3 · Dubai Islands, Dubai
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Launch Price
AED 2M
Property Type
Mixed-Use
Bedrooms
1 - 4 Beds
Payment Plan
20/50/30
Handover
Q1 2029
Projected Yield
5.3 to 7.4%
Off-plan multiple/other buyers in Dubai Islands will find Bay Grove Residences Phase 3 starting at AED 2M. A 20% booking payment secures the unit. Construction-phase instalments total 50%, with the remaining 30% due at handover scheduled for Q1 2029. The regenerating coastline here supports both short and long-term rental demand, reflected in projected gross yields in the 5.3 to 7.4% range. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 27,778/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 400,000 Due on signing SPA |
|
| During Construction | 50% | AED 27,778/mo 36 monthly instalments |
|
| On Handover | 30% | AED 600,000 Due at Q1 2029 |
|
| Total | AED 2,000,000 | ||
On Booking
20%
AED 400,000
Due on signing SPA
During Construction
50%
AED 27,778/mo
36 monthly instalments
On Handover
30%
AED 600,000
Due at Q1 2029
Total
100%
AED 2,000,000
Questions about Bay Grove Residences Phase 3
What payment plan does Bay Grove Residences Phase 3 offer?
Bay Grove Residences Phase 3 uses a 20/50/30 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q1 2029.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Bay Grove Residences Phase 3 fits your budget and send you comparable alternatives.
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