Bay Residences in Mina Al Arab
Bay Residences · Mina Al Arab, Dubai
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Launch Price
AED 700,000
Property Type
Mixed-Use
Bedrooms
Studio, 1 - 3 Beds
Payment Plan
5/25/10/60
Handover
TBC
Projected Yield
5.9 to 8.2%
Bay Residences is an off-plan multiple/other project in Mina Al Arab, Ras Al Khaimah, with units starting from AED 700,000. Payment plan options are available directly through the developer. Gross rental yield is projected 5.9 to 8.2% annually, reflecting typical market returns for this property type and location. This project is accessible to buyers working with monthly instalments from AED 5,000. Use MonthlyDubai to check if it fits your budget.
Payment Plan Breakdown
From AED 5,000/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 5% | AED 35,000 Due on signing SPA |
|
| Construction Phase 1 | 25% | AED 11,667/mo 15 monthly instalments |
|
| Construction Phase 2 | 10% | AED 5,000/mo 14 monthly instalments |
|
| On Handover | 60% | AED 420,000 Due at TBC |
|
| Total | AED 700,000 | ||
On Booking
5%
AED 35,000
Due on signing SPA
Construction Phase 1
25%
AED 11,667/mo
15 monthly instalments
Construction Phase 2
10%
AED 5,000/mo
14 monthly instalments
On Handover
60%
AED 420,000
Due at TBC
Total
100%
AED 700,000
Questions about Bay Residences
What payment plan does Bay Residences offer?
Bay Residences uses a 5/25/10/60 payment plan. Buyers pay 5% at booking, with the remaining spread across construction and handover in TBC.
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 Residences fits your budget and send you comparable alternatives.
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