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About Flora Bay Residences
Flora Bay Residences is a furnished waterfront building on Island A of Dubai Islands, developed by OCTA Properties in partnership with Centurion and Flora Realty.
One-bedroom homes start near AED 1.86 million and two-bedrooms from around AED 2.38 million, on a 50/50 plan that leaves half the price to completion.
The project launched in March 2026 and is scheduled for handover in Q4 2027.
Payment
Payment plan
50/50 — 20% on booking, 30% during construction, 50% on handover
At a glance
Flora Bay Residences key facts
- Developer
- OCTA Properties
- Community
- Dubai Islands
- Status
- Under construction
- Handover
- Q4 2027
- Starting price
- AED 1.86M
- Unit types
- 1 Bedroom, 2 Bedroom
- Payment plan
- 50/50
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 1.86M. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Flora Bay Residences
- 01
Shortlist and reserve
Choose a unit type and view at Flora Bay Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
OCTA Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Furnished and move-in ready
- Half the price due on handover
- Earlier Q4 2027 completion
What to weigh
- Developer attribution differs between OCTA and Centurion in some reports
- Payment schedule breakdowns vary across portals
- Only one- and two-bedroom layouts
FAQ
Flora Bay Residences — frequently asked questions
What is the starting price of Flora Bay Residences?
Published pricing at Flora Bay Residences starts from AED 1.86M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Flora Bay Residences?
Flora Bay Residences is scheduled for handover in Q4 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Flora Bay Residences?
50/50 — 20% on booking, 30% during construction, 50% on handover
Who is the developer of Flora Bay Residences?
Flora Bay Residences is developed by OCTA Properties in Dubai Islands, Dubai.
What unit types are available at Flora Bay Residences?
Flora Bay Residences offers 1 Bedroom, 2 Bedroom.
Where is Flora Bay Residences located?
Flora Bay Residences is in Dubai Islands, Dubai.
Can foreigners buy at Flora Bay Residences?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at Flora Bay Residences outright.
Does buying at Flora Bay Residences qualify for the UAE Golden Visa?
The entry price of AED 1.86M is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Flora Bay Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 74K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Flora Bay Residences?
MRK Real Estate advises on primary purchases and resales at Flora Bay Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with OCTA Properties before any transaction.
