Dubai · Residential

Bay View Residences

Bay View Residences is a fully-managed, waterfront tower in Dubai Marina with 96% occupancy and blue-chip tenants.

2 Bedrooms
2 Bathrooms
1 Parking
96 m² Built-up area
Stabilized Waterfront Sharia
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  • ✓Use wallet balance or fund instantly via card.
  • ✓Blocks are allocated atomically to your account.
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In pictures

Bay View Residences

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Key highlights

  • ✓96% occupancy across 142 units with blended rent of AED 135k
  • ✓Master lease with leading hospitality operator for penthouse floors
  • ✓Projected 4.5% annual rent escalations baked into contracts
  • ✓Sharia-compliant Musharaka structure with MUSHA board sign-off
Investment thesis

Prime marina frontage with proven rental demand and upside from Expo 2020 legacy tourism.

Documents

Valuation report
Valuation
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Lease summary
Leases
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Sharia certificate
Compliance
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Timeline

  1. Distribution

    First monthly distribution at 0.63% net

    Nov 2024
  2. Stabilized

    Reached 95% occupancy milestone

    Oct 2024
  3. Acquired

    SPV acquired from developer with 12-month rental guarantee

    Apr 2024

FAQs

Minimum is 10 blocks (AED 10,000).

Monthly into your Mushaa wallet, typically within 7 business days of period end.
Financial snapshot
Annual gross rent
11,200,000.000
Net operating income
8,540,000.000
Target IRR
15.2%
Target hold period
5 years
Occupancy
96%
Fee summary
Acquisition fee: 2.0%
Management fee: 1.5%
Exit cap rate: 6.8%
SPV information

Mushaa Marina SPV 3 Ltd

Escrow account: Mashreq Escrow 993021

Risk summary

Key risks include rental softening in Dubai Marina and exit pricing uncertainty.

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Location overview

Dubai Marina, Dubai, UAE

Explore the neighbourhood, connectivity, and surrounding amenities.

City & country
Dubai, UAE
Asset type
Residential
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