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Starting from AED 760
Apartments, Townhouses, Penthouses
About the Project
Nestled in the popular Yas Bay, which is part of Yas Island, The Bay Residence is a 12-storey development by Baraka Real Estate Company LLC. The second phase of the project, launched in May 2024, offers 1-3 bedroom apartments and 3-4 bedroom townhouses and penthouses. The total area of the properties ranges from a compact 506 sq. ft to a generous 4,381 sq. ft. The studios and apartments in The Bay Residence will come with a private balcony, which will overlook the crystal clear waters of the waterfront. The townhouses will also have a maid's room and a balcony/terrace garden, while select 3-bedroom duplex properties will boast a private swimming pool, which will be perfect for relaxing in, after a tiring day. Among the other key features of The Bay Residence real estate are high-quality fixtures, smart storage options, semi-furnished kitchens and full-height windows. The Bay Residence will have 2 basement floors with a total of 252 parking spaces for the utmost convenience and comfort of homeowners. The master plan also includes an array of premium resort-like amenities, which are as follows: Gym & health club Swimming pool and children's poo Community retail Children's play area and parks Barbecue area
Available Units
ApartmentsTownhousesPenthouses
Features
New Launch | 10% Down Payment | 10% Discount | 1% Monthly
Nearby Landmarks
Real estate in The Bay Residence is a lucrative investment option
since this development is adjacent to Yas Creative Hub
which is the new home of the capital's free media zone; twofour54. The area houses more than 600 media and gaming companies and is set to become the main driving force behind the gaming sector in the entire region. That being said
The Bay Residence is highly likely to witness a strong demand for the sale and rentals of property among talented professionals
who will opt to reside close to their workplaces. According to the Property Finder portal
as of Q4 2022
Yas Island offers a gross ROI of 5.9% for 1-bedroom apartments. The initial rental cost for this type of property is AED 45
000 (USD 12
000). It is worth noting that upon completion of The Bay Residence the infrastructure of the island will be even more developed
which guarantees higher rental rates. The developer offers several payment plan options
including 85/15
75/25
60/40 and 40/60. Interested buyers also have the opportunity to obtain a 10-year Golden visa if their property investment is worth at least AED 2M (USD 545K). Please note that this applies only to ready properties
therefore
visa application will only be accepted once The Bay Residence is fully completed.
