Overview

Property Description

The Bay Residence is an elite residential project with an advantageous location right on the coast of Yas Island. This complex offers 232 modern residences including studios, apartments with 1-3 bedrooms, a three-bedroom penthouse and elegant duplex townhouses. The development offers infinity pools, outdoor playgrounds for children, stunning views of the surroundings, as well as wellness and fitness facilities for adults.. Unique apartments and townhouses are carefully designed for practical living and comfort. A residential tower and two rows of townhouses with a beautiful view of the embankment will comprise the Bay Residence complex in Yas Bay being developed by Baraka Real Estate Development. The project consists of two basement floors for parking, a public ground floor and twelve residential levels. In addition to covered parking, The Bay Residence has a gym, a health club, a luxurious lobby, a children's swimming pool, and a playground.. There are also parks, shops in the community, and a swimming pool for residents to enjoy. Future residents of The Bay Residence will be able to enjoy a breathtaking view of the sea from one of the most popular places in Yas Bay as well as walk along its own promenade. A 0.6m promenade near the complex offers several restaurants and sparkling views of the Arabian Gulf. In Yas Bay, there is also an ultra-modern arena, the Etihad Arena, that hosts performances by global artists as well as sports competitions. A one-bedroom apartment costs AED 946,000 (USD 258,000), townhouses cost AED 3,340,000 (USD 909,000), and a penthouse costs AED 5,720,000 (USD 1,557,000). *Prices are valid for 2023 Yas Island one-bedroom apartments average a 5.7% ROI, according to PropertyFinder. Since The Bay Residence will be in high demand among media professionals, couples, and families with children, investors will always be able to receive a stable income from real estate. As a result of its strategic location near key areas of the UAE capital, the luxury accommodation is close to the Yas Creative Hub, the new home of TwoFour54.. More than 600 media and gaming companies operate in the district, and The Bay Residence predicts a high demand for homes among professionals. The Bay Residence owners can also obtain a 10-year Golden Visa if they invest at least AED 2,000,000 (USD 545,000) in real estate.

Location