Marina Place 1

1. Is it on schedule?0% built in July 2026 against a December 2028 handover: 100% left to build in 29 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 2,738/sqft over 1 off-plan sale; too few sales to compare2,738Context
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?Mina Rashid, licence no. 1275; 1 of its 14 dated live projects are past their registered dates7%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

MINA RASHID PROPERTIES L.L.C (no. 1275)

Master developer

Mina Rashid Properties

Registered start

April 2025

Configuration

Residential Development consisting of 1 Building (G+P+12 Floors) with 162 Residential Units

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 Marina Place 1 be completed?

The developer registered handover for December 2028, 29 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 Marina Place 1 cost per square foot?

AED 2,738 per sqft, the median of 1 registered off-plan sale in the 12 months to 12 Oct 2026; the median unit sold for AED 2.24M.

Is Marina Place 1 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 Marina Place 1?

MINA RASHID PROPERTIES L.L.C, licence no. 1275, by the register’s own licence number; the master developer that owns the land is Mina Rashid Properties. Dubai Land Department project register as of July 2026.

How many units does Marina Place 1 have?

162 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.