Cay Residence Real Estate Development L.L.C

Cay Residence Real Estate Development is here with Flora Bay on Central Island, and its status is the first thing to note: it is coming soon, which means it is at or near the start of its sales rather than well into them. That makes Flora Bay one to watch, because the earliest release is often where the best unit choice and the most negotiable terms are found, before the good positions are taken.

On price it looks fair for the island. Flora Bay is set to price from about AED 1.86M at AED 2,530 per sq.ft, which sits close to the island median of AED 2,445, so you are looking at a market rate rather than a premium. It is on Central Island, the built-up core with the deepest resale market on the archipelago, which is the right place to be for both end-user demand and a clean exit. Sizes run from around 735 sq.ft up to 3,145, with one to three bedrooms, so it spans the compact investor unit and the larger family apartment.

It is a small building at 84 units, which is a genuine plus: a quieter address, faster snagging, and far less internal competition when you rent or sell. The payment plan is 50/50, standard for the islands, with handover dated Q4 2027, a reasonable near-to-mid horizon, so most of the price is committed by completion.

The honest read on Flora Bay is that it is a fairly-priced, small building on the best-connected island, and its coming-soon status is the angle. If you get in early you may have the pick of the units and the most flexibility on terms, which on a median-priced Central Island building is worth having. As with any newer developer here, and especially one at the coming-soon stage without a completed building to point to, confirm the details as they firm up, watch the launch pricing against the median, and keep a cushion on the Q4 2027 date. For a buyer who likes to be early on a fairly-priced, small building, Flora Bay is one to keep an eye on.

Flora Bay is priced from AED 1.86M at AED 2,531 per sq.ft. That is 4% above the Dubai Islands apartment median of AED 2,445, a gap of AED 86 per foot, which puts it in the upper half of island pricing. On its 50/50 payment plan, that entry price splits into about AED 930K committed across construction and AED 930K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 121K: 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 Q4 2027, the building holds 84 units, sized 735 to 3,145 sq.ft, currently coming soon. View the full listing →