Avida Residences

1. Is it on schedule?7% built in August 2026 against a December 2027 handover: 93% left to build in 16 months · DLD inspection, 19 Aug 20267%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي التجاري (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,287/sqft, 17.0% below the Dubai Islands off-plan median across 112 projects-17.0%Context
4. Is it selling?40 off-plan sales registered in the last 12 months, of 50 units; the latest on 10 Sept 202640Context
5. Who is building it?Serene Marina, licence no. 2139Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي التجاري (ش.م.ع)

Developer, as licensed

SERENE MARINA REAL ESTATE DEVELOPMENT L.L.C (no. 2139)

Master developer

Palm Deira LLC

Registered start

January 2026

Configuration

G+P+6

Construction progress is DLD’s inspection of 19 Aug 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Avida Residences be completed?

The developer registered handover for December 2027, 16 months after DLD’s latest record, and the project was 7% built as of August 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 19 Aug 2026.

What does Avida Residences cost per square foot?

AED 2,287 per sqft, the median of 40 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.09M. That is 17.0% below the Dubai Islands off-plan median across 112 projects.

Is Avida Residences in escrow?

Yes: the Land Department register names بنك دبي التجاري (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Avida Residences?

SERENE MARINA REAL ESTATE DEVELOPMENT L.L.C, licence no. 2139, by the register’s own licence number; the master developer that owns the land is Palm Deira LLC. Dubai Land Department project register as of July 2026.

How many units does Avida Residences have?

50 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.