Vayla Residences

1. Is it on schedule?22% built in March 2026 against a July 2026 handover: 78% left to build in 4 months; DLD has published no later inspection of it · DLD inspection, 24 Mar 202622%Context
2. Is my money protected?Payments go to an escrow account at بنك الفجيره الوطنى ش م ع, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,140/sqft over 1 off-plan sale; too few sales to compare2,140Context
4. Is it selling?Off-plan sales are counted across a project’s published towers, and this one has none yetNo record
5. Who is building it?Blue Square, licence no. 1860Context

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 الفجيره الوطنى ش م ع

Developer, as licensed

BLUE SQUARE REAL ESTATE DEVELOPMENT L.L.C (no. 1860)

Master developer

Palm Deira LLC

Registered start

April 2025

Configuration

G+P+6+R

Construction progress is DLD’s inspection of 24 Mar 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 Vayla Residences be completed?

The developer registered handover for July 2026, 4 months after DLD’s latest record, and the project was 22% built as of March 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 24 Mar 2026.

What does Vayla Residences cost per square foot?

AED 2,140 per sqft, the median of 1 registered off-plan sale in the 12 months to 12 Oct 2026; the median unit sold for AED 2.98M.

Is Vayla Residences in escrow?

Yes: the Land Department register names بنك الفجيره الوطنى 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 Vayla Residences?

BLUE SQUARE REAL ESTATE DEVELOPMENT L.L.C, licence no. 1860, 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 Vayla Residences have?

53 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.