Dubai Islands by NAKHEEL

Dubai Islands by Nakheel | Luxury Waterfront Apartments, Villas & Penthouses | Dubai | AED 2.3M Onwards

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Dubai Islands by NAKHEEL

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Overview

A ~17 sq km, five-island masterplan on Dubai’s northern coast, master-developed by Nakheel (the same developer behind Palm Jumeirah). Originally launched in 2004 as Palm Deira, rebranded to Deira Islands in 2013, then renamed Dubai Islands in 2022. Connected to the mainland via the Infinity Bridge, shortening the commute to Bur Dubai and Deira. Aligned with the Dubai 2040 Urban Master Plan.
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Key Details

  • Developer: Nakheel (master developer); Ellington and DAMAC also have branded projects on individual plots
  • Total area: ~17 sq km across five islands
  • Waterfront: ~60 km of waterfront, 20+ km of beaches, including a Blue Flag beach (per Nakheel)
  • Marinas: 9 marinas, including Nakheel Marinas Dubai Islands (launched 2023, super-yacht berthing)
  • Golf: 2 golf courses
  • Parks/open space: ~2 sq km
  • Handover range: Staggered from late 2026 into 2029, depending on project

The Five Islands/Zones

Zone

Character

Central Island & Shore Island

Mainly residential and beach-led

Marina Island

Built around the yacht harbour

Golf Island

Home to the two golf courses

Elite Island

Premium, lower-density tier

Already Operating (Hospitality)

1) Hotel RIU Dubai — 800 keys, opened 2020
2) Centara Mirage Beach Resort Dubai — 607 keys, opened 2021
3) Park Regis by Prince Dubai Islands — 159 keys, opened 2024

Residential Pricing Snapshot (2026)

1) Apartments: average ~AED 2,527/sq ft — studios from ~AED 1M, 3BR above AED 5.4M, average unit ~AED 3.1M
2) Villas: average ~AED 10.5M — entry stock in high single-digit millions, beachfront mansions exceed AED 31M

Featured Project: Bay Grove Residences

Unit types

1BR (907–1,084 sq ft), 2BR (1,246–2,178 sq ft), 3BR (1,999–4,635 sq ft), 4BR (3,184–4,033 sq ft), 4BR penthouse (5,972 sq ft)

Starting price

AED 2M (individual unit prices "on request")

Payment plan

Page itself is inconsistent one section lists 20% down / 50% / 30% during construction, another describes a "flexible 70/30 post-handover plan." Confirm directly with Nakheel before quoting.

Amenities

Retail outlets, gym, restaurants, pool, mall, children's play area, mosque, sports facilities, schools, beachfront access, 24/7 security, concierge

Also on the Islands: Bay Villas (Nakheel)

  • 3BR townhouse from ~AED 4M (~317 sq m)
  • 5BR waterfront villa up to ~AED 13.8M (~622 sq m)
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Investment Highlights

  • Scarce new beachfront supply versus mature areas like Palm Jumeirah
  • Tourism demand plus hospitality anchors already trading (RIU, Centara, Park Regis)
  • Golden Visa eligible at the standard AED 2M+ threshold
  • Master developer with a proven delivery track record (Palm Jumeirah)
  • Honest risks to flag: handover timing varies significantly by developer/project; a 2026–2029 delivery wave means medium-term supply pressure; new-island service charges and amenity costs tend to run higher early on
  • Yield context (reported, not guaranteed): 1BR apartments across Dubai broadly run 7–8.5% gross; branded long-term lets net high single digits; sea-view short-lets can hit low double-digit gross yields in peak season (Oct–Apr) but drop considerably net
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Answers to common questions

It’s a ~17 sq km, five-island masterplan on Dubai’s northern coast by Nakheel the same master developer behind Palm Jumeirah. It’s not brand new; it was originally launched in 2004 as Palm Deira, rebranded to Deira Islands in 2013, and renamed Dubai Islands in 2022. Hospitality (hotels) is already open and operating; residential is being delivered in phases.
Apartments average around AED 2,527/sq ft, with studios starting near AED 1M and the average unit around AED 3.1M. Villas average about AED 10.5M, with beachfront mansions exceeding AED 31M. Nakheel’s own Bay Grove Residences starts from AED 2M.
It varies by project and developer. For Bay Grove Residences specifically, the available listing is inconsistent one section cites 20% down + 50%/30% during construction, another describes a 70/30 post-handover plan. Always confirm the exact structure with Nakheel or your broker before quoting a client.
Staggered across the masterplan, generally from late 2026 into 2029 depending on the specific project. Bay Grove Residences is targeting June 2029.
Reported yields vary: 1-bedroom apartments across Dubai broadly run 7–8.5% gross, branded long-term lets net high single digits, and sea-view short-lets can reach low double-digit gross yields in peak season (Oct–Apr) — though net returns drop considerably after costs. Worth flagging to clients: there’s a 2026–2029 supply wave hitting the market, and new-island service charges tend to run higher early on. Units at or above AED 2M qualify for the standard Golden Visa threshold.