Haven Bay Residences

1. Is it on schedule?83% built in August 2026, 2 months past its registered June 2026 handover · DLD inspection, 3 Aug 202683%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 1,921/sqft, 30.3% below the Dubai Islands off-plan median across 112 projects-30.3%Context
4. Is it selling?8 off-plan sales registered in the last 12 months, of 64 units; the latest on 4 Mar 20268Context
5. Who is building it?Metac, licence no. 1648Context

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

METAC PROPERTIES L.L.C (no. 1648)

Master developer

Palm Deira LLC

Registered start

July 2024

Configuration

(G+2P+8) Residential, The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 3 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 Haven Bay Residences be completed?

The developer registered handover for June 2026; that date has passed with no completion recorded, 2 months on, and the project was 83% built as of August 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 3 Aug 2026.

What does Haven Bay Residences cost per square foot?

AED 1,921 per sqft, the median of 8 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.33M. That is 30.3% below the Dubai Islands off-plan median across 112 projects.

Is Haven Bay 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 Haven Bay Residences?

METAC PROPERTIES L.L.C, licence no. 1648, 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 Haven Bay Residences have?

64 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.