Unit Type
Payment Plan
HandOver
Unit Type
Payment Plan
HandOver
DESCRIPTION
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
VIDEO
Video
FLOOR PLANS
Floor Plans
LOCATION MAP
Map
AMENITIES AND FEATURES
Amenities and Features
PAYMENT CALCULATOR
Payment Calculator
- Principal and Interest
- Property Tax
- HOA fee
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