A study of nutrients, underwater light dynamics, and their correlation with phytoplankton biomass was conducted in the tropical estuary of Jakarta Bay, Indonesia, in the dry season during the period from 2001 to 2019. This study analyzed the spatial and temporal dynamics of phytoplankton biomass and its correlation with phytoplankton biomass. There was significant increase in nutrient concentration in Jakarta Bay, with annual means of 27.97 µM dissolved inorganic nitrogen (DIN) and 11.31 µM phosphates in 2001, increasing to 88.99 µM DIN and 25.92 µM phosphates in 2019. Increased mean nutrient concentrations were accompanied by increased mean phytoplankton biomass, from 15.81 µg Chl-a L−1 in 2001 to 21.31 µg Chl-a L−1 in 2019. The eutrophication status of Jakarta Bay waters was calculated using the Tropical Index for Marine Systems eutrophication index, which showed increased areas of hyper-eutrophic and eutrophic zones, while the mesotrophic area decreased. The hyper-eutrophic zone dominated the areas around river mouths and the inner part of the bay, while eutrophic status was observed in the middle part of the bay and mesotrophic status was found in the outer part of the bay. The area of hyper-eutrophic water increased 1.5-fold, from 75.1 km2 in 2001 to 114.0 km2 in 2019. Increasing eutrophication of the bay has had negative ecological consequences including algal blooms, hypoxic conditions, and mass mortality of marine biota, and it urgently requires remediation.