Vida Residences +117%: what the Dubai Marina project statistics actually show
The largest developer’s return to Dubai Marina prompted a look at its earlier projects there. The valuable number in that statistic is not the growth percentage.
Dubai Marina · The Cayan Group
22-storey residential building in Dubai Marina, completed in 2013. Developer — The Cayan Group.
Specifications for Dorra Bay per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Dorra Bay is a 22-storey residential building in Dubai Marina, completed in 2013.
The developer is The Cayan Group.
The building holds 189 apartments in total.
The database currently holds 3 lots in this project, from 2 825 000 AED.
Twenty-two storeys and 189 residences by The Cayan Group, handed over in 2013. The lowest price per square foot among Marina towers with meaningful supply — AED 1685/ft² (~$460/ft²) against a district average of AED 2588 (~$705/ft²).
Dorra Bay is a 22-storey, 189-residence tower by The Cayan Group, completed in 2013.
Our own stock carries three listings: two- and three-bedrooms, around 1867 square feet, priced from AED 2.825 million (~$770K) to AED 3.3 million (~$900K).
189 apartments over twenty-two storeys works out to around nine per floor — moderate density, large layouts.
The number that matters most for this building isn't the lot price but the price per square foot. Within Marina alone the spread runs as high as 2.8 times, and Dorra Bay sits near the bottom of that range.
That doesn't automatically mean "cheap." A low price per square foot in a completed building is usually explained by three things: age, position relative to the water, and apartment size — larger lots are almost always cheaper per square foot.
| Tower | AED per ft² | Lots | Average area | Average price, million |
|---|---|---|---|---|
| Six Senses Residences | 7000 | 3 | 13,788 ft² | 85.67 |
| Vida Residences | 3685 | 4 | 1882 ft² | 6.85 |
| LIV Marina | 3534 | 6 | 1527 ft² | 5.43 |
| Marina Shores | 3301 | 11 | 1201 ft² | 3.85 |
| Marina Gate | 3284 | 5 | 1875 ft² | 6.00 |
| Stella Maris | 2874 | 3 | 3066 ft² | 9.06 |
| LIV Residence | 2626 | 3 | 1764 ft² | 4.63 |
| Al Majara | 2583 | 6 | 1365 ft² | 3.52 |
| Dubai Marina Towers | 2427 | 11 | 2424 ft² | 5.78 |
| Damac Heights | 2351 | 6 | 1761 ft² | 3.96 |
| Cayan Tower | 2325 | 3 | 3549 ft² | 7.67 |
| Marina Promenade | 2272 | 6 | 1748 ft² | 3.86 |
| Princess Tower | 1958 | 4 | 1952 ft² | 3.91 |
| Dorra Bay | 1685 | 3 | 1867 ft² | 3.11 |
| Emirates Crown | 1414 | 6 | 3469 ft² | 4.87 |
| Marina Crown | 1412 | 6 | 2739 ft² | 3.89 |
| Al Seef Tower | 1377 | 7 | 3553 ft² | 4.89 |
| Horizon Tower | 1327 | 3 | 2499 ft² | 3.32 |
Our own stock as of 28 August 2026, towers with three or more lots and a known area. District average — AED 2,588/ft², median lot AED 3.7 million out of 266 lots.
Dubai Marina in our database is 266 lots, with a median of AED 3.7 million. All three Dorra Bay listings sit below that median, while their areas run above the district average.
In other words, buyers here are paying for square footage, not for a specific address inside the district. For living in it, that's a good deal — the same Marina, the same waterfront, at roughly half the per-square-foot cost of Six Senses or Vida, a price level closer to a secondary European capital than to a flagship waterfront address.
For resale, the logic runs the other way: buildings with a low price per square foot tend to appreciate more slowly, because buyers aren't paying a premium for them. What matters is the holding horizon, not just the entry price.
propsearch building record: 22 storeys, 189 residences, developer The Cayan Group, handed over 2013. Our own stock as of 28 August 2026: 3 lots (areas, bedrooms, prices), the district tower price-per-square-foot comparison, and the Dubai Marina median.
The Cayan Group.
22. The building has 189 apartments.
Yes, the building was handed over in 2013. This is ready housing: you can move in or let it out right after the deal.
Dubai Marina. The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.
The database currently holds 3 lots in this project, from 2 825 000 AED. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Swimming pool, Gym, Shops, Restaurants. The list comes from the project description and covers the whole complex.
What has been written about the building, its developer and Dubai Marina
The largest developer’s return to Dubai Marina prompted a look at its earlier projects there. The valuable number in that statistic is not the growth percentage.
A district designed from nothing on a Vancouver waterfront model, built between 2003 and 2008. The numbers behind it, and what a fully man-made location tells you about how value is created in Dubai.
A developer with buildings on both sides of Sheikh Zayed Road. The two districts look interchangeable on a map and behave differently — here is what the price gap actually buys.
A Dubai Marina tower from 2011. In buildings owned mostly by absent investors, decisions stop being made — and the symptoms are visible in an afternoon if you know them.
A Dubai Marina tower completed in 2023. Much of the stock in a newly delivered building is sold on by off-plan investors — and buying from one is its own transaction.
A Dubai Marina tower completed a few years ago. Buildings at this age go through a predictable event that shapes their prices — and it is a buying opportunity if you can see it.
A tall branded tower under construction in Dubai Marina. Infill development in a built-out district has a particular economics — for the buyer and for the neighbours.
The property arm of a large regional engineering and contracting group, with towers in the Marina and on the Palm. What an engineering parent means in a delivered building.
A smaller developer with a mid-2000s Dubai Marina building. Most towers are not landmarks, and valuing an ordinary one is a different exercise — here is how it works.
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Telegram is the fastest way — I answer personally.
Message on Telegram