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If you may want to set up a Dressage arena inside your regular arena, that requires more length. A small dressage arena is 20X40 meters (or about 66 feet by 132 feet), a large dressage arena is 20X60 meters. A standard size competition arena is about 100'X200' and is large enough for full jump courses and other uses. Also consider the fence material.
The Dressage arena is a measured symmetrical space for training a horse with very specific dimensions that serve a valuable purpose. First off, the court as its called is 60 meters long and 20 meters wide. Mathematically its 3 times longer than its width which creates a space for 3 evenly sized circles to be ridden down its length. These are 20 meter circles-the first size of circle where a horse must begin to bend.