The Bay

Gulf Asia Contracting appears on our books through a single project, The Bay, in Business Bay. That makes this a page about one building rather than a portfolio, and the building is what matters.

What do they build?

We list one project, from AED 1,450,000. All of them have already handed over, so that one is a finished building rather than an off-plan purchase. Handover on the ones still building runs to 2021.

Where do they build?

Entirely in Business Bay. A developer concentrated in one district is exposed to that district, which cuts both ways: they know it, and so does everyone selling there.

What should you check before buying?

• Judge the building, not the brand. With one project there is no delivery record to read across from, so the specifics of this one carry the whole decision.
• What else is being built in the same district. Concentration in one community means your resale price is set by everything else arriving there.
• For the completed stock, the service charge history rather than the current rate, and whether any arrears are outstanding. Arrears follow the property.
• The escrow account. Off-plan payments in Dubai go into a RERA regulated escrow and are released against verified construction progress. Confirm the account before paying anything.
• Their delivery record. Ask what handover dates they announced on their last completed projects and when those actually handed over. That comparison tells you more than any brochure.

You can see every project we hold from Gulf Asia Contracting on this page. To compare them against what else is available, browse off-plan projects and Dubai communities, or ask us which is actually worth buying.