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.
Pelagos by IGO
Dubai Marina · MAG Group
Project factsheet
Storeys 35
Units in the building 288
Developer MAG Group
Status Under development
District Dubai Marina
About the building
35-storey residential building in Dubai Marina. Developer — MAG Group. Architect — Next Engineering Consultants.
Specifications for Pelagos by IGO per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Pelagos by IGO is a 35-storey residential building in Dubai Marina, currently under construction.
The developer is MAG Group. The architecture is by Next Engineering Consultants.
The building holds 288 apartments in total.
There is not a single lot in this project in the database right now — it is refreshed every night, and listings here appear and go.
Thirty-five storeys and 288 residences by MAG in Dubai Marina, under construction. AED 2,098 per square foot (~$570/ft²) — below the district average.
What it is
Pelagos by IGO is a residential complex by MAG Group of 35 storeys and 288 residences in Dubai Marina. Status: under construction. The architect is Next Engineering Consultants.
Our own stock carries a lot of around 1525 square feet at AED 3.2 million (~$870K), AED 2,098 per square foot.
288 apartments over thirty-five storeys works out to eight per floor — moderate density.
Price per square foot by district tower
Pelagos runs below the district average — typical for a building under construction from a second-tier developer.
| Tower | AED / ft² | Lots | Avg. size | Avg. price, AED m |
|---|---|---|---|---|
| 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.
New construction in a built-out district
Dubai Marina in our database is 266 lots, median AED 3.7 million (~$1.01M) at an average price of AED 2,588 per square foot. The district's median handover year is 2011.
Eleven active construction projects are underway in the district, including the 125-storey Six Senses, Marina 101 and LIV Lux. Pelagos is one of them.
Marina is built out, and new buildings are going up on the plots that remain. For a buyer that raises two questions a completed building doesn't have: what the view will look like once the neighbours are finished, and how many years the construction next door will last.
Ask about the schedule for every surrounding plot, not just your own. In a district with eleven active construction sites, that's not a formality.
propsearch building record: 35 storeys, 288 residences, developer MAG Group, architect Next Engineering Consultants, status "under construction". Our own stock as of 28 August 2026: the project's lot, the district tower breakdown, the median, the median handover year, and the list of active construction projects in Dubai Marina.
Where it is
Nothing in the stock for this project right now
Lots for this project come and go, and the stock is topped up nightly. Message me — I will look through the closed bases and find the closest alternatives in Dubai Marina.
Ask about this projectFrequently asked about Pelagos by IGO
Who is the developer of Pelagos by IGO?
MAG Group. The architecture is by Next Engineering Consultants.
How many floors does Pelagos by IGO have?
35. The building has 288 apartments.
When is Pelagos by IGO handed over?
Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.
Where is Pelagos by IGO?
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.
How much does an apartment in Pelagos by IGO cost?
There are no open listings for this building in the database right now. I will check the price for a particular layout against the closed databases and send it with the deal costs worked out.
In the news
What has been written about the building, its developer and Dubai Marina
Dubai Marina: five of the ten tallest residential buildings in the world
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.
Orra Real Estate Development: JLT or the Marina, two districts a road apart
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.
Halcon Real Estate: how to spot a building where nobody is in charge
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.
Condor Group: buying a just-finished flat from someone who never lived in it
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.
Scope Investment: a 2022 tower, and the first wave of resales
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.
ABA Real Estate Development: building on the last plots of a finished district
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.
ETA Star: an engineering group that built apartments
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.
32Group: how to value a Marina tower nobody has heard of
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.
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram