The Bay Residence by Baraka Real Estate Development

About The Bay Residence

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

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.

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.

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.