South Bay Residences in Mina Al Arab
South 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%
South Bay Residences enters the Mina Al Arab off-plan market as a multiple/other project with a starting price of AED 700,000. Payment plan options are available directly through the developer. Projected gross returns run in the 5.9 to 8.2% range annually, in line with similar off-plan product in Ras Al Khaimah. Buyers at the AED 5,000 monthly instalment level may qualify for units in South Bay Residences. MonthlyDubai can check against your specific 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 South Bay Residences
What payment plan does South Bay Residences offer?
South 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 South Bay Residences fits your budget and send you comparable alternatives.
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