The Bay Residence by Baraka Real Estate Development
NEW LAUNCH! NEW STUDIOS-3BR APARTMENTS, TOWNHOUSES AND PENTHOUSES FOR SALE AT YAS ISLAND
License number: 202202112086
Project number: 2019/527512
About The Bay Residence
Nestled in the popular Yas Bay, which is part of Yas Island, The Bay Residence is a 12-storey residential development by Baraka Real Estate Company LLC. The project offers a total of 232 stylish residential units, namely studios and 1–3 bedroom apartments, in addition to generously-sized regular and duplex townhouses with 2–3 bedroom layouts. The internal area of the properties for purchase ranges from a compact 435 sq. ft to a generous 2,335 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:
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 pool
- Community retail
- Children's play area and parks
- Barbecue area
Starting Prices
AED 522,000
Number of Bedrooms
1–3
Area from
435 Sq. m.
Location
Yas Island
Gallery
Property Prices
In order to acquire more detailed information on property prices in The Bay Residence, please register your interest on our website.
Another popular off-plan development on Yas Island is Yas Golf Collection by Aldar Properties, which includes skillfully crafted studios and 1–3 bedroom apartments.
Floor plan
Luxury Property On
Yas Island
The Bay Residence is situated at the water’s edge, along Yas Bay Marina, which is within close proximity to Yas Dr, which will provide excellent routes to the rest of Abu Dhabi. Within just a few steps away from the development are several bus stations, including Yas Drive/Hotel Plaza, Yas Drive/Yas Hotels and Yas Drive/Marina Circuit Grandstand.
At the same time, within a 15-minute walk, it will be possible to reach the following leisure and recreational destinations:
- Warehouse Gym Yas Bay, which houses cardio, strength and stretch equipment, plus a team of personal trainers to assist you with your fitness goals.
- Pier71, which boasts a series of award-winning F&B concepts, including The Trilogy by Buddha-Bar with Zeera, Bushra and the Siddharta Lounge; Hunter and Barrel, The Lighthouse, La Carnita and plenty more.
- Etihad Arena, which is the Middle East’s largest state-of-the-art indoor entertainment venue. The venue is famed for hosting Disney on Ice, the FINA World Swimming Championship and UFC fight nights, along with the Arabian Gulf’s first NBA games.
Since the infrastructure of Yas Bay has not been entirely developed yet, the closest healthcare and education institutions, as well as grocery stores can be found a 15-minute drive away from The Bay Residence. These can be found below:
- Yas School
- SABIS International School
- Yas Clinic Khalifa City
- West Yas Academy
- Carrefour Hypermarket
- Spinneys
- Yas Clinic Khalifa City
- Abu Dhabi International Airport is located within the same distance, which is convenient for those who frequently travel.
Payment plan
Post handover
Year 2
Year 2
15%
Upon completion
30%
Post handover
Year 1
Year 1
15%
During construction
30%
SPA signing
5%
Down payment
5%
Economic Appeal
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.
You also have the opportunity to obtain a 10-year Golden Visa if you choose to invest in a property worth at least AED 2,000,000 (USD 545,000). Please note that this regulation applies only to ready properties, which means that you will have to wait until The Bay Residence is fully completed to apply.
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