2-Bedroom Water-View Apartment in Bay Grove Residences, Dubai Island, 6.1% Below Original Price

Property Overview

This two-bedroom apartment in Bay Grove Residences, Dubai Island, is offered at AED 3,500,000 for 1,658 sq ft of built-up area. The asking price is AED 227,000 below the agent-stated original purchase price of AED 3,727,000, a discount of 6.1%, or about AED 2,111 per square foot. The unit is on a middle floor with a water view.

Property Highlights

• Property type: 2-bedroom apartment
• Project: Bay Grove Residences, Dubai Island
• Developer: Nakheel
• Built-up area: 1,658 sq ft
• Asking price: AED 3,500,000
• Original purchase price (agent-stated): AED 3,727,000
• Discount to OP: AED 227,000 (6.1%)
• Price per sq ft: approx. AED 2,111
• Floor: middle floor
• View: water view

Why This Apartment Qualifies as Below OP

DPF classifies this listing as Below OP because the asking price is lower than the original purchase price supplied in the agent brief. AED 3,727,000 minus AED 3,500,000 equals AED 227,000. Divided by the original price, that is a 6.1% reduction.

The benchmark is the seller's original purchase price as stated by the agent on 7 October 2026. The agent describes this as the best deal and best price per square foot available; DPF has not compared it with other Bay Grove units, current market listings or DLD transactions, so that claim is the agent's and not DPF-verified. This page does not claim the apartment is priced below market.

About Bay Grove Residences, Nakheel and Dubai Island

Bay Grove Residences is a multi-phase residential project by Nakheel on Dubai Island. Project information lists one- to four-bedroom apartments and penthouses, some two-bedroom layouts with maid's rooms, and amenities including an infinity pool, private beach access, a gym, children's play areas and pet-friendly facilities.

Dubai Island is Nakheel's waterfront island destination off the Deira coast, planned around beaches, marinas, hotels and residential communities.

Layout, Floor and View

The agent describes the unit as a two-bedroom apartment of 1,658 sq ft on a middle floor with a water view. The exact floor number, phase or building, bathroom count, maid's room (if any), balcony and parking were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

Bay Grove Residences was released in several phases with different completion schedules, and the brief does not state this unit's phase, handover date or the amount already paid. Buyers should confirm the building, expected handover, amount paid and remaining balance against the seller's SPA and Nakheel's statement of account before agreeing terms.

Location and Connectivity

Dubai Island lies off the Deira waterfront and connects to the mainland by road bridges towards Deira and the Al Khaleej Road corridor. Travel times depend on route and traffic, so buyers should check commutes to their own key destinations.

Verification Notes

• Agent-supplied facts: property type, bedrooms, size, original purchase price, asking price, middle floor and water view. The "best deal" and "best price per sq ft" descriptions are agent claims.
• DPF-calculated figures: discount amount, discount percentage and price per sq ft.
• External project research: developer, phased release, unit mix and amenities, drawn from project listings and not from Nakheel directly.
• Not supplied: phase or building, handover date, amount paid, bathrooms, parking, and who pays the penalty and NOC. These must be verified before purchase.