3-Bedroom Apartment for Sale in Bay Grove Residences, Dubai Island – Below OP Distress Deal

Property Overview

This low-floor 3-bedroom apartment with private beach access in Bay Grove Residences, Dubai Island, is offered at AED 4,400,000 as a below-original-purchase-price distress resale. The unit measures 2,100 sqft and is priced 11.0% under the seller's stated original purchase price of AED 4,945,000.

Property Highlights

• 3-bedroom apartment, 2,100 sqft
• Low floor
• Private beach access
• Located in Bay Grove Residences, Dubai Island
• Developer: Nakheel Properties
• Priced 11.0% below the seller's original purchase price
• Approximately 14.4% below the estimated total acquisition cost including a 4% DLD transfer fee

Why the Price Qualifies as a Below OP Deal

The seller's agent states an original purchase price of AED 4,945,000 for this unit. At the current asking price of AED 4,400,000, the savings amount to AED 545,000, or 11.0% below that original price. The agent's brief also supplies a second, supplementary comparison: including an estimated 4% DLD transfer fee on top of the original purchase price brings the total acquisition cost to roughly AED 5.14 million, against which the asking price is approximately 14.4% lower. This benchmark has not been cross-checked against an independent DLD transaction record, so buyers should request the seller's original SPA for confirmation.

About the Project, Developer and Community

Bay Grove Residences is a waterfront development by Nakheel Properties, the master developer behind Dubai Island and Palm Jumeirah. The project sits within the Marina District of Dubai Island and offers 1- to 4-bedroom apartments and penthouses with sea views, an infinity pool, landscaped gardens, a clubhouse and direct access to a private beach.

Layout, Floor and View

The unit is on a low floor with private beach access, as stated by the listing agent. No specific floor number, bathroom count or furnishing status was supplied in the brief, so these details are not listed here and should be confirmed directly with the agent.

Payment Plan and Handover

No handover date, readiness status or payment plan was supplied for this specific unit in the agent brief. Bay Grove Residences includes both earlier phases and a newer final phase, so buyers should confirm the unit's completion status, handover date and any remaining payment terms directly with the agent.

Location and Connectivity

Bay Grove Residences sits within the Marina District of Dubai Island, with direct beach access and views over the Arabian Gulf. Exact distances or commute times to specific landmarks were not supplied and are not stated here to avoid invented figures.

Verification Notes

Unit-specific facts — price, original purchase price, size, bedroom count, floor position and beach access — are as stated in the agent's brief and have not been independently verified by DPF. The savings amount and percentage below OP are independently recalculated by DPF from the agent-supplied figures, matching the agent's stated 11.0%. The supplementary DLD-inclusive comparison (approximately 14.4% below total acquisition cost) is also documented as supplied. The agent's brief references 'M3' in connection with this deal; DPF has not independently confirmed what this designation refers to (e.g. a specific tower, block or internal reference), so it is not represented as a verified building name here. No handover date or readiness status was supplied and none is invented here. Project-level facts about Bay Grove Residences, its developer and Dubai Island are drawn from Nakheel Properties' official project materials. This listing remains a draft pending DPF review and agent document verification before publication.