Blue Square Real Estate Development L.L.C

Blue Square Real Estate Development is here with Vayla Residences on Central Island, the built-up core with the deepest resale market on the archipelago. Its appeal is the pairing of a soft payment plan with a near-term handover, which is an unusually buyer-friendly combination.

Vayla is priced from about AED 1.6M at AED 2,140 per sq.ft, which sits below the island median of AED 2,445. A below-median price on Central Island is worth noticing, and the AED 1.6M entry keeps it accessible. The payment plan is a soft 40/60, which defers most of the price to handover, better for a buyer who wants to hold without committing most of the capital during construction. Pair that with a Q3 2026 handover, which is near-term, and you get the unusual benefit of deferring most of the money while still reaching completion soon.

It is a small building at 53 units, which brings the usual advantages: a quieter address, faster snagging, and far less internal competition when you come to rent or sell. Unit layouts run to three bedrooms. The source does not list exact size ranges, so confirm the specific floor area on the unit you are considering, but the one to three bedroom spread suits investors and small-family end users.

The honest read on Vayla is that it is a well-balanced value building: a below-median price, a soft plan, a near-term handover and a small building on the best-connected island. That is a genuinely sensible combination, and more buyer-friendly than a lot of pricier, further-out stock on the island. As with any newer developer here, confirm on-site progress and keep a cushion on the date. For a buyer who wants soft terms, a fair price and a soon handover, Vayla is one of the more sensible Central Island options.

Vayla Residences is priced from AED 1.6M at AED 2,140 per sq.ft. That is 12% below the Dubai Islands apartment median of AED 2,445, a gap of AED 305 per foot, which puts it in the lower half of island pricing. On its 40/60 payment plan, that entry price splits into about AED 640K committed across construction and AED 960K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 104K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. A completed unit at this price qualifies the owner for the 2-year investor visa; the 10-year Golden Visa needs AED 2M registered, which this entry does not reach. Handover is dated Q3 2026, the building holds 53 units, currently selling. View the full listing →