Bay Residences Dubai Islands

1. Is it on schedule?48% built in June 2026 against a October 2026 handover: 52% left to build in 4 months; DLD has published no later inspection of it · DLD inspection, 12 Jun 202648%Context
2. Is my money protected?Payments go to an escrow account at بنك المشرق (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,511/sqft, 8.9% below the Dubai Islands off-plan median across 112 projects-8.9%Context
4. Is it selling?8 off-plan sales registered in the last 12 months, of 286 units; the latest on 1 Oct 20268Context
5. Who is building it?Nakheel And Excelsior, licence no. 1632Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك المشرق (شركة مساهمة عامة)

Developer, as licensed

NAKHEEL AND EXCELSIOR REAL ESTATE L.L.C (no. 1632)

Master developer

Nakheel

Registered start

January 2024

Configuration

9 Nos (G+1) & Hotel (G+2P+8),Residential. The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 12 Jun 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Bay Residences Dubai Islands be completed?

The developer registered handover for October 2026, 4 months after DLD’s latest record, and the project was 48% built as of June 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 12 Jun 2026.

What does Bay Residences Dubai Islands cost per square foot?

AED 2,511 per sqft, the median of 8 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 4.65M. That is 8.9% below the Dubai Islands off-plan median across 112 projects.

Is Bay Residences Dubai Islands in escrow?

Yes: the Land Department register names بنك المشرق (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Bay Residences Dubai Islands?

NAKHEEL AND EXCELSIOR REAL ESTATE L.L.C, licence no. 1632, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Bay Residences Dubai Islands have?

286 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.