Metac Properties: what “beachfront” means on a reclaimed island
A developer with two projects on the Dubai Islands. Beach access is sold as a feature and defined as a legal arrangement — and the two are not always the same thing.
Haven Bay
Dubai Islands · Metac Properties
Project factsheet
Storeys 11
Developer Metac Properties
Status Under development
District Dubai Islands
About the building
11-storey residential building in Dubai Islands. Developer — Metac Properties. Architect — Face Architecture & Design.
Specifications for Haven Bay per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Haven Bay is an 11-storey residential building in Dubai Islands, currently under construction.
The developer is Metac Properties. The architecture is by Face Architecture & Design.
No lots from this project are in our database today. It is topped up every night, so listings for the building can turn up on any day.
Eleven storeys from Metac on Dubai's islands, under construction. Price per square foot is AED 2,545 — above the islands' average.
What this is
Haven Bay is an 11-storey residential complex by Metac Properties on Dubai Islands. Status: under construction. The number of residences is not listed in the building record.
In our own stock, a unit of around 1,218 square feet is listed at AED 3.1 million, a price per square foot of AED 2,545.
Dubai Islands, formerly Deira Islands, are reclaimed islands off the old city centre. The district is under construction now, with almost no completed buildings.
Price per square foot by Dubai Islands project
Haven Bay sits above the islands' average of AED 2,300 — in the upper half of the list.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Ellington Sands II | 2971 | 3 | 1466 ft² |
| Bay Grove Residences | 2739 | 4 | 1282 ft² |
| Bay Grove Residences C | 2504 | 6 | 1814 ft² |
| Rixos Dubai Islands | 2404 | 5 | 2604 ft² |
| Bay Grove Residences B | 2384 | 3 | 1831 ft² |
| Bay Villas (standalone) | 1863 | 5 | 6600 ft² |
| Bay Villas (townhouses) | 1785 | 4 | 3728 ft² |
| Bay Villas | 1696 | 17 | 4982 ft² |
Our own stock as of 28 August 2026: 89 lots across the islands, median AED 5.4 million, average price per square foot AED 2,300. Includes projects with three or more lots and a verified area.
Small developers on a new island
Dubai Islands in our database: 89 lots, median AED 5.4 million, average price per square foot AED 2,300.
The islands are being built out by a good dozen small companies — Metac, Imtiaz, Tomorrow World, Mr. Eight, Samana — alongside Nakheel and Ellington.
For a buyer that changes the order of due diligence. With a large developer, reputation acts as insurance; a small company on a new island doesn't have that cushion, and the district's infrastructure isn't built yet either.
Both the project and the district need checking: the escrow account and registration for the building, and the masterplan timeline for roads, retail and beaches. The second matters more — a finished apartment in the middle of an empty island is hard to sell.
Launch and payment plan
Haven Bay went on sale in August 2024 from USD 353,000, about AED 1.3 million, with handover then set for Q4 2026.
The plan: 5% on booking, 35% during construction in quarterly tranches of 5–10%, and 60% on handover — a final payment that can be covered by a mortgage. Metac has been operating since 1987, with villas, towers, mosques, malls, schools and clinics built across the UAE.
The propsearch building record: 11 storeys, developer Metac Properties, status "under construction." Our own stock as of 28 August 2026: the project's lot (size, price, price per square foot), the calculation across island projects, and the Dubai Islands median and average. Price, handover date, payment plan and developer background — launch announcement, August 2024.
Where it is
Nothing in the stock for this project right now
The stock refreshes every night, and lots here appear and go. Message me — I will check the closed bases and suggest the nearest alternatives in Dubai Islands.
Ask about this projectFrequently asked about Haven Bay
Who is the developer of Haven Bay?
Metac Properties. The architecture is by Face Architecture & Design.
How many floors does Haven Bay have?
11.
When is Haven Bay handed over?
The project is under construction. I check the exact date for a particular unit in the contract before the deal.
Where is Haven Bay?
Dubai Islands. The reclaimed islands off Deira, formerly Deira Islands: beaches, hotels and new residential on the northern coast.
How much does an apartment in Haven Bay cost?
There are no open listings for this building in the database right now. I will check the price for a particular layout against the closed databases and send it with the deal costs worked out.
In the news
What has been written about the building, its developer and Dubai Islands
Dubai Islands to Bur Dubai bridge: 1.4 km, eight lanes and a late-2026 opening
A 1 425 m bridge across Dubai Creek will link Dubai Islands directly to Bur Dubai: four lanes each way, 16 000 vehicles an hour, 18.5 m above the water. The AED 786m contract targets completion by the end of 2026. What the bridge changes for the islands and the old city.
Dubai Islands: JW Marriott Residences by CG Developers, and Nakheel's AED 527m infrastructure contract
CG Developers is building Dubai's first JW Marriott residence, priced from AED 1.72 million with a Q1 2028 handover. In parallel, Nakheel has awarded a AED 527 million contract for Island B's core infrastructure — roads, water and sewage for a future 49 000 homes.
Dubai Islands: the last waterfront land, from about $5 200 a square metre
A chain of reclaimed islands under a single government master plan. Almost no coastal land with direct beach access is left inside the emirate — and one or two new projects launch here every month. The opportunity and the risk are the same fact.
MGS Development: setting up a property you have never visited
A developer building on the Dubai Islands. Between handover and the first tenant there is a list of connections and registrations, and every one of them needs someone on the ground.
Flora Isle Real Estate Development: paying for Dubai property from abroad
A developer building on the Dubai Islands. The dirham’s peg to the dollar shapes the currency risk for every foreign buyer — and the transfer mechanics have costs of their own.
Mr. Eight Development: an off-plan villa on an island still being made
A developer building villas on the Dubai Islands. A house bought off-plan on new land combines two kinds of waiting, and they resolve on different timetables.
Imtiaz Developments: how to assess a developer that scaled fast
A mid-market company that went from a handful of projects to a large pipeline in a few years. What rapid growth does to risk, and the specific evidence that separates a good scaler from a stretched one.
Nakheel: the master developer of the islands, and what that title means
The state developer behind Palm Jumeirah and the Dubai Islands. The difference between a master developer and a building developer, and why it matters for what you own.
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
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