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Off-planKeys Nov 2028

Bay Grove Residences 2

New homes in Bay Grove Residences 2 start at AED 1,900,000; keys are due Nov 2028; you pay 20% to book, 50% while it is built and 30% at the keys.

In the 12 months to Nov 9, 2026, Dubai Land Department recorded 1,596 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Islands. Their median price is AED 2,855 per sq ft (about AED 2,495,000 at 874 sq ft). This project's from price is AED 2,174 per sq ft (AED 1,900,000 for its smallest home, 874 sq ft), 24% less.

Keys: Nov 2028; The developer's handover date
Payment plan: 20 / 50 / 30; 20% to book, 50% while it is built, 30% at the keys
Bedrooms: 1 to 4 beds
Sizes: 874 to 3,371 sq ft
Ownership: Freehold
Property types: Apartment
Registration fee: 4% of the price; Paid to the Dubai Land Department

As of Nov 1, 2026. These details can change; confirm them with the developer before you book.⁠

From price per sq ft: AED 2,174 per sq ft; Similar off-plan homes: AED 2,855 per sq ft

We couldn't match this project to the Dubai Land Department project register yet. The developer can give you its RERA project number.⁠

Paying for it

⁠

You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.

Show the amounts for a price of

When	Stage	Share	Amount	Paid by then
NowBooking · 20%	Booking	20%	AED 380,000+ AED 76,000 DLD fee	AED 456,000
Feb 2027While it is built · 7.1%	While it is built	7.1%	AED 135,714	AED 591,714
May 2027While it is built · 7.1%	While it is built	7.1%	AED 135,715	AED 727,429
Aug 2027While it is built · 7.1%	While it is built	7.1%	AED 135,714	AED 863,143
Nov 2027While it is built · 7.1%	While it is built	7.1%	AED 135,714	AED 998,857
Feb 2028While it is built · 7.1%	While it is built	7.1%	AED 135,714	AED 1,134,571
May 2028While it is built · 7.1%	While it is built	7.1%	AED 135,715	AED 1,270,286
Aug 2028While it is built · 7.1%	While it is built	7.1%	AED 135,714	AED 1,406,000
Nov 2028Keys · 30%	Keys	30%	AED 570,000	AED 1,976,000

Booking payment, 20%: AED 380,000
Dubai Land Department fee (Oqood), 4%: AED 76,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.: AED 456,000
Total costPrice plus the DLD fee: AED 1,976,000

The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.

A mortgage at the keys

Add a mortgage for the balance due at the keysUp to 80% of the price.

Before you buy

Pay into the project's escrow account only.: Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.: Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Nakheel for the estimate.
Register the sale with Oqood.: The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.

Is the price fair?

⁠

Dubai Land Department recorded 1,596 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Islands, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.

We compare with off-plan sales across Dubai Islands, as this project isn't on the Dubai Land Department register yet or has too few sales.

Median price AED 2,855 per sq ft

AED 1,519 per sq ftAED 4,065 per sq ft

This project AED 2,174 per sq ft

Half of the sales sold for AED 2,520 to AED 3,146 per sq ft

The median is the middle sale: half sold for less, half for more.

Show as table

Price per sq ft	Sales
AED 1,519 to AED 1,837 per sq ft	19
AED 1,837 to AED 2,156 per sq ft	118
AED 2,156 to AED 2,474 per sq ft	225
AED 2,474 to AED 2,792 per sq ft	329
AED 2,792 to AED 3,110 per sq ft	416
AED 3,110 to AED 3,429 per sq ft	297
AED 3,429 to AED 3,747 per sq ft	136
AED 3,747 to AED 4,065 per sq ft	56

The 3 closest sales

Picked from the 1,596 similar sales above, closest in size to this project's smallest home.

Apr 2026AED 2,283,574AED 2,613 per sq ftBeach Walk Grand 2 By Imtiaz, 874 sq ft
Dec 2025AED 2,091,841AED 2,394 per sq ftZephyra Residences, 874 sq ft
Nov 2025AED 1,865,777AED 2,136 per sq ftOcean Pearl by SD - 2, 873 sq ft

Off-plan sales only, of the same home type, bedrooms and size band.

What similar homes sold for

⁠

The median price of off-plan homes with the same number of bedrooms that sold in Dubai Islands in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.

Type	Off-plan median	Sales	Against similar sales
1-bed apartmentFrom AED 1,900,000 here	Off-plan medianAED 2,334,000AED 2,781 per sq ft	Sales2,196	24% below 1,596 similar sales
2-bed apartment	Off-plan medianAED 3,499,000AED 2,716 per sq ft	Sales1,972
3-bed apartment	Off-plan medianAED 5,593,000AED 2,829 per sq ft	Sales576
4-bed apartment	Off-plan medianAED 9,741,000AED 2,809 per sq ft	Sales72

Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.

On your doorstep

Gold Souq Metro Station3.7 km, 8 min driveMetro station
Deira Islands Beach1.9 km, 4 min driveBeach
Al Ittihad Private School2.6 km, 5 min driveSchool
Queen international school3.8 km, 13 min driveBritish school
The Elite English School2.8 km, 10 min driveIndian school
Waterfront Market1.5 km, 3 min driveMall
Dubai Hospital2.3 km, 4 min driveHospital
Dubai World Trade Centre9.6 km, 16 min driveOffices

Straight-line distance; minutes by road or on foot from OpenStreetMap routing, or estimated where the route is unknown. Places © OpenStreetMap contributors. Stations from the Roads and Transport Authority. School curricula from KHDA.

About Bay Grove Residences 2

Bay Grove Residences 2 is Nakheel's second phase of apartments in Dubai Islands, with one to four bedrooms from AED 1,900,000; the listed handover is November 2028. Our price check puts the from price about 24% below 1,596 similar one-bedroom sales in Dubai Islands (12 months to November 2026).

Start with the price check. It puts the from price of Bay Grove Residences 2 about 24% below 1,596 similar one-bedroom sales in Dubai Islands (12 months to November 2026). These are area sales, not sales in this project.

You pay 20% on booking, 50% during construction and 30% at handover. At the from price that is AED 380,000 to book and AED 950,000 during the build, AED 1,330,000 or 70% before handover. The last AED 570,000 is due at handover, and the listed handover is November 2028, two years from now. Separately, the 4% DLD fee comes to AED 76,000; ask when it is due.

The apartments have one to four bedrooms. The listing gives two sets of sizes that do not match: a range of 874 to 3,371 sq ft, and unit sizes of about 866 sq ft for one bedroom, 1,303 for two, 2,090 for three and 3,250 for four. Ask Nakheel for the floor plan and the exact area of your unit before you sign. Residents share a pool and a kids' pool, a gym and a play area.

Deira Islands Beach is about 1.9 km away and Dubai Hospital about 2.3 km. Al Ittihad Private School is about 2.6 km away. Gold Souq Metro Station is about 3.7 km away, around 8 minutes by car by our estimate.

The developer

Nakheel

See every project by Nakheel

Other projects by Nakheel

Floor plans

The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.

1 BR
2 BR
3 BR
4 BR

How prices moved

⁠

Median price of 1-bed apartments in Dubai Islands, over the 12 months to each dateUp 27% from Dec 2024 to Sep 2026.

Dec 2024AED 2,188 per sq ft

Sep 2026AED 2,781 per sq ft

Show as table

12 months to	Median price	Sales
Sep 2026	AED 2,781 per sq ft	2,196 sales
Jun 2026	AED 2,696 per sq ft	2,435 sales
Mar 2026	AED 2,535 per sq ft	2,416 sales
Dec 2025	AED 2,416 per sq ft	1,959 sales
Sep 2025	AED 2,338 per sq ft	1,563 sales
Jun 2025	AED 2,305 per sq ft	1,308 sales
Mar 2025	AED 2,211 per sq ft	746 sales
Dec 2024	AED 2,188 per sq ft	500 sales

Off-plan sales only.

Questions about this project

Can foreigners buy here?

Yes. The listing gives Bay Grove Residences 2 as freehold, so foreign buyers can own outright.

How does the price compare with nearby sales?

Our price check puts the from price about 24% below 1,596 similar one-bedroom sales in Dubai Islands (12 months to November 2026).

How is the payment split?

At the from price: AED 380,000 on booking, AED 950,000 during construction and AED 570,000 at handover. That adds up to AED 1,900,000. Separately, the 4% DLD fee comes to AED 76,000; ask when it is due.

How big are the apartments?

Roughly 866 to 3,371 sq ft, from one to four bedrooms. The listed sizes do not match, so confirm the area of your unit on the floor plan.

When is handover?

The listed handover is November 2028. Ask for a construction update before you book.

How far is the metro?

Gold Souq Metro Station is about 3.7 km away, around 8 minutes by car.

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