Bay Grove Residences 1-Bedroom 10.4% Below OP, Sea View, Dubai Island

Property Overview

This 873 sq ft one-bedroom apartment on a high floor at Bay Grove Residences, Dubai Island, by Nakheel is offered as an off-plan resale at AED 1,850,000, against an agent-stated original purchase price of AED 2,065,000. The asking price is AED 215,000 (10.4%) below the original price. The agent describes views over the villas and the sea, and handover in Q3 2028.

Property Highlights

• Property type: 1-bedroom apartment (off-plan resale)
• Project: Bay Grove Residences, Dubai Island
• Built-up area: 873 sq ft
• Floor: High floor (agent-stated; exact level not supplied)
• View: Villas and sea (agent-stated)
• Handover: Q3 2028 (agent-stated)
• Asking price: AED 1,850,000
• Original purchase price (agent-stated): AED 2,065,000
• Saving versus original price: AED 215,000 (10.4%)
• Price per sq ft: approximately AED 2,119

Why the Price Qualifies as Below OP

The agent brief states an original purchase price of AED 2,065,000 and a selling price of AED 1,850,000. The difference is AED 215,000, or 10.4% below the original price. Dividing the asking price by 873 sq ft gives approximately AED 2,119 per sq ft.

The agent describes the discount as 10.4% (AED 215,000) below OP plus DLD. DPF's calculation shows that figure is the discount against the original price alone. Adding the 4% DLD fee gives a total seller cost of about AED 2,147,600, and the asking price is roughly 13.9% below that figure. This listing uses the more conservative original-price comparison.

The benchmark is the seller's original purchase price as supplied in the agent brief received on 13 October 2026, not a DLD transaction record or independent valuation. Buyers should confirm the original price, amount paid and outstanding balance against the Sales and Purchase Agreement (SPA) and Nakheel's statement of account.

About the Project, Developer and Community

Bay Grove Residences is an off-plan residential project by Nakheel on Dubai Island, made up of several buildings. The specific building for this unit was not supplied. Project amenities should be confirmed with Nakheel.

Layout, Floor and View

The agent describes this unit as an 873 sq ft one-bedroom apartment on a high floor with views over the villas and the sea. The building, exact floor, bathroom count, balcony and parking were not supplied and should be confirmed from the SPA and the official floor plan.

Payment Plan and Handover

The agent states handover is expected in Q3 2028. The payment plan, amount already paid and remaining balance were not supplied. The buyer would typically reimburse the seller for amounts paid and take over the remaining instalments. Confirm all payment terms and any Nakheel transfer or NOC fees against the SPA.

Location and Connectivity

Dubai Island is a Nakheel waterfront development off the Deira coast in Dubai. Specific travel times to nearby destinations have not been verified for this listing.

Verification Notes

• Unit facts (type, project, size, floor position, view, handover, original and asking price) come from the agent brief received on 13 October 2026.
• The saving, percentages, OP-plus-DLD total and price per sq ft are DPF calculations based on those supplied figures, using the standard 4% DLD fee.
• No building, payment plan, photographs or documents were supplied with this brief.