

Unit Type

Payment Plan

HandOver

Unit Type

Payment Plan

HandOver
Description
Indulge in the pinnacle of luxury living with Bay Residences, the latest premium launch by RAK Properties at Hayat Island, Ras Al Khaimah. Offering a range of luxurious studios, 1, 2, and 3-bedroom apartments, as well as duplexes, these homes are a masterpiece of iconic services and top-notch designs, featuring a brilliant outlook and classy interiors that resonate with true legacy and aesthetics.
Discover bespoke bedrooms adorned with the finest luxury, promising an exciting life beyond your wildest imagination. South Bay Residences makes a bold statement in this profound location, an exclusive waterfront development surrounded by the natural wealth of foliage, greenery, flowers, and trees. Residents not only enjoy premium homes but also have access to some of the finest amenities that elevate their living experience.
The development offers crystal lagoons, beach access, exhilarating water sports, soothing water features, restaurants, retail spaces, sandy beaches, and exclusive dining options in the refreshing vibes of water. This charming life of class and standard allows you to experience life at its best with your loved ones, creating memories that last a lifetime.
Bay Residences are strategically located near InterContinental Mina Al Arab Resort and Anantara Hotel, providing easy access to the most beautiful landmarks and destinations. Immerse yourself in a lifestyle that is truly uplifting and filled with luxury, surrounded by the magic of this brilliant island embraced by water vibes and fun.
Easy 40/60 Payment Plan:
Installment | Payment(%) | Payment Schedule |
Down Payment | 5% | On Booking Date |
1st Installment | 5% | Within 30 days from the Booking Date |
2nd Installment | 0.5% | Monthly (20 Installment) |
3rd Installment | 5% | Every 6 months (4 installments) |
Final Installment | 60% | On Handover |
5 Years 40/60 Payment Plan:
Installment | Payment(%) | Payment Schedule |
Down Payment | 5% | On Booking Date |
1st Installment | 5% | Within 30 days from the Booking Date |
2nd Installment | 0.5% | Monthly (20 Installment) |
3rd Installment | 2.5% | Every 6 months (4 installments) |
4th Installment | 10% | On Handover |
5th Installment | 60% | Post Handover(3 years) |
3 Years 40/60 Post Handover Payment Plan
Installment | Payment(%) | Payment Schedule |
Down Payment | 5% | On Booking Date |
1st Installment | 5% | Within 30 Days from the Booking Date |
2nd to 6th Installment | 2.5% | Within 6 Months from the Booking Date (0.5% monthly) |
7th Installment | 2.5% | Within 7 Months from the Booking Date |
8th to 12th Installment | 2.5% | Within 12 Months from the Booking Date (0.5% monthly) |
13th Installment | 2.5% | Within 13 Months from the Booking Date |
14th to 18th Installment | 2.5% | Within 18 Months from the Booking Date (0.5% monthly) |
19th Installment | 2.5% | Within 19 Months from the Booking Date |
20th to 24th Installment | 2.5% | Within 24 Months from the Booking Date (0.5% monthly) |
25th Installment | 2.5% | Within 25 Months from the Booking Date |
26th Installment | 10% | On Completion |
1st to 5th Installment | 3.75% | 0.75% monthly within 5 Months (After Handover) |
6th Installment | 5% | Within 6 Months After Handover |
7th to 11th Installment | 3.75% | 0.75% monthly within 11 Months (After Handover) |
12th Installment | 5% | Within 12 Months After Handover |
13th to 17th Installment | 3.75% | 0.75% monthly within 17 Months (After Handover) |
18th Installment | 5% | Within 18 Months After Handover |
19th to 23rd Installment | 3.75% | 0.75% monthly within 23 Months (After Handover) |
24th Installment | 7.5% | Within 24 Months After Handover |
25th to 29th Installment | 3.75% | 0.75% monthly within 29 Months (After Handover) |
30th Installment | 7.5% | Within 30 Months After Handover |
31st to 35th Installment | 3.75% | 0.75% monthly within 35 Months (After Handover) |
36th Installment | 7.5% | On Completion |
GET IN TOUCH
Payment Plan
On Booking
On Construction
On Handover
Post Handover
GALLERY
Floor Plans
GENERAL FAQ's
The DLD regulates all real estate activities in Dubai, ensuring transparency and legality. Key responsibilities include:
-Registering property transactions (sales, leases, mortgages).
– Issuing Title Deeds and managing the Real Estate Registry.
– Enforcing anti-fraud measures and resolving disputes through the Rental Dispute Centre.
– Mandating the use of certified trustees for off-plan project escrow accounts. For More information visit www.dubailand.gov.ae
You can check the status of a project through the Dubai Land Department (DLD) website or the Dubai REST app. Simply enter the project’s name or developer details to view updates, escrow account details, and progress reports. For More information visitย https://dubailand.gov.ae/en/eservices/real-estate-project-status-landing/real-estate-project-status/#/
RERA is a regulatory arm of DLD that oversees real estate laws, brokers, developers, and rental disputes in Dubai. For More information visit www.dubailand.gov.ae
RERAโs Escrow Account Law requires developers to deposit 100% of buyer funds into DLD-approved escrow accounts. Funds are released only after construction milestones are verified, minimizing project delays or cancellations. For More information visit www.dubailand.gov.ae
EOI (Expression of Interest) is a formal pre-booking commitment made by a buyer to express their serious interest in purchasing a property, especially in off-plan projects in Dubai. It is typically required before a project is officially launched.
It provides legal protections for property investors through various regulations such as Escrow Lawย (Law No. 8 2007) which ensures developers deposit funds into escrow accounts to prevent fraud and Law No. 13 of 2008 which regulates the interim property registration.
This body has been developed to oversee real estate transactions, resolve property-related disputes, and develop and enforce real estate laws to ensure stability and fairness.
People who own property in Dubai worth at least AED 2 million are eligible to obtain a Dubai Golden Visa
Yes. Non-residents can obtain mortgages in Dubai. It is possible for foreign nationals to purchase their dream home in Dubai through a mortgage.
First of all, you must be a citizen of a country which is on the bankโs list. A non-resident mortgage seeker must be a professional or self-employed. Meeting minimum age and income requirements is also necessary in most of the cases.
After completing the property purchasing process, you need to visit the Dubai Land Department (DLD, submit the required documents such as the sale agreement, proof of payment and no objection certificate and pay the registration fee to obtain the title deed of your purchased property.
Open the Dubai Rest App and select the dashboard option to bring my property wallet screen. Choose your property, add the required details and click on the purple circle to get the electronic copy of your title deed.
Yes. Property owners are allowed to give their properties as gifts in Dubai through a legal process.
You can check the status of a real estate development in Dubai by visiting the Dubai Land Department (DLD) website or using the Dubai Rest App.
Location Map
Amenities and Features
Payment Calculator
- Principal and Interest 1,849.42 AED
- Property Tax 0
- HOA fee 0
Start With A Quick Quiz & End With The Best Deal!
Given our years of real estate experience, we understand that it is not easy to buy properties for sale in Dubai, especially for new buyers. It is challenging to find the perfect spot for investment amid thousands of investment opportunities.
However, Kelt and Co Realty has come up with a perfect solution. Now, an investor is not required to go through countless listings on different property-related websites. Kelt and Co Realty offers a one-stop solution. An investor just needs to complete this quick quiz to find the perfect investment option because all information related to off-plan property is available here.
You just need to follow simple steps on your screen to find the perfect option based on your specific demands and financial means. Choose the perfect offer and contact us!
- It takes less than 2 minutes
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