Status
Off-plan
Handover
Oct 2027
Homes
Apartments
Developer
Cay Residences Real Estate Development
Pricing
On request
Flora Bay is a current off-plan development by Cay Residences Real Estate Development in Dubai Islands, Dubai, registered with the Dubai Land Department (project 3848). The project comprises 84 residential units. Declared project value: AED 65M. Construction is 4% complete per the latest DLD inspection. Scheduled handover: Oct 2027. Register your interest with ERE Homes for floor plans, payment plans and launch pricing.
Dubai Islands in numbers
Sales recorded
4,991
Median price
AED 2.70M
Median price per sqft
AED 2,537
Average price per sqft
AED 2,568
Dubai Islands recorded 4,991 registered sales in the May 2025 to May 2026 window, at a median of AED 2.70M, or AED 2,537 per square foot. Almost everything trading here is apartments. These are Dubai Land Department transactions, not asking prices, so they are what buyers actually paid.
Flora Bay questions
Where is Flora Bay located?
Flora Bay is in Dubai Islands, Dubai, Dubai. It is registered with the Dubai Land Department as project 3848, which is the number to quote if you want to verify it on the DLD escrow register yourself.
When does Flora Bay hand over?
The developer has scheduled handover for Oct 2027. Construction was last reported at 4% complete. Off-plan handover dates move. We track the DLD construction reports on this project and will tell you if it slips.
Who is the developer of Flora Bay?
Flora Bay is developed by Cay Residences Real Estate Development. Before you commit to any off-plan purchase we will look at that developer's actual delivery record rather than their brochure.
What do homes in Dubai Islands sell for?
Dubai Islands recorded 4,991 registered Dubai Land Department sales in the last twelve months, at a median of AED 2.70M and AED 2,537 per square foot. Flora Bay has not published its price list yet, so ask us for launch pricing when it is released.
What types of home does Flora Bay have?
Apartments. Floor plans and the unit mix per release come from the developer, and we can send you the current set with what is still available.
Is Dubai Islands a good area to invest in?
On the numbers, Dubai Islands is an active market: 4,991 sales registered with the DLD in the last twelve months at a median of AED 2,537 per square foot. Volume that high means you can sell again when you want to, which matters more than a headline yield. Whether it suits you depends on whether you want income or capital growth, and we will pull the rental performance for the specific unit type you are considering.
Can foreigners buy at Flora Bay?
Any nationality can buy freehold in Dubai's designated freehold areas, with no residency visa or UAE bank account required, and you can complete from overseas by Power of Attorney. A purchase at or above AED 2 million can also qualify you for the 10 year Golden Visa. We confirm the ownership type on this specific project in writing before you pay anything.
What is the payment plan on Flora Bay?
Payment plans on off-plan are set by the developer per release and change between phases, so any plan published on a third party site is likely out of date. Your payments go into a RERA-regulated escrow account tied to this project rather than to the developer directly. Ask us for the current schedule, including whether there is a post-handover element.