SOL Bay

Key facts

Handover (past)

Q4 2020

Status

Ready

Construction progress

100%

Property types

Apartments

Availability

Available

How SOL Bay compares

Entry here is AED 2.0M, against a median of AED 2.7M across the 42 priced projects in Business Bay, which puts it above 14 of them and below 27. The plan opens at 20% down, against a Dubai median of 20%, in line with the market. Handover lands in Q4 2020, alongside 4 other projects completing in the same quarter. SOL Properties has 9 projects in our catalogue.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Swimming Pool
• Gym

Location

SOL Bay sits in Business Bay.

Master plan

The developer’s own site plan for SOL Bay, showing how the buildings, roads and open space sit together.

What you pay, and when

The payment plan published for it runs 20% on booking and 80% at handover. At the AED 2,040,000 entry price, that is AED 408,000 to reserve a unit, and AED 1,632,000 due on completion.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 82,000 at this entry price. Under Dubai's Law 8 of 2007, that 20% booking payment goes into a RERA-supervised escrow account rather than to SOL Properties directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 850 square feet at AED 2,040,000, which works out at AED 2,401 per square foot. Stated sizes run from 850 to 1,434 square feet.

Handover and construction

SOL Bay reached handover in Q4 2020. Construction was last recorded at 100% complete.

Ownership and residency

The entry price sits at or above the AED 2,000,000 property threshold the 10 year UAE golden visa asks for, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 850 square foot entry unit that is about AED 12,000 to AED 19,000 a year.

Who it suits

The development is Apartments in 1 bedroom layouts.

Frequently asked