Ocean Bay by Samana Developers

1. Is it on schedule?0% built in July 2026 against a June 2028 handover: 100% left to build in 23 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,355/sqft, 14.5% below the Dubai Islands off-plan median across 112 projects-14.5%Context
4. Is it selling?103 off-plan sales registered in the last 12 months, of 143 units; the latest on 4 Sept 2026103Context
5. Who is building it?Samana Developers, licence no. 2072; 6 of its 29 dated live projects are past their registered dates21%Context

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 الإمارات دبي الوطني (ش.م.ع)

Developer, as licensed

SAMANA PLATINUM REAL ESTATE DEVELOPMENT L.L.C (no. 2072)

Master developer

Nakheel

Registered start

September 2025

Configuration

Residential Building G+P+8

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. 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 Ocean Bay by Samana Developers be completed?

The developer registered handover for June 2028, 23 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Ocean Bay by Samana Developers cost per square foot?

AED 2,355 per sqft, the median of 103 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.70M. That is 14.5% below the Dubai Islands off-plan median across 112 projects.

Is Ocean Bay by Samana Developers in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (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 Ocean Bay by Samana Developers?

SAMANA PLATINUM REAL ESTATE DEVELOPMENT L.L.C, licence no. 2072, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Ocean Bay by Samana Developers have?

143 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.