Ocean Cove

1. Is it on schedule?5% built in July 2026 against a August 2028 handover: 95% left to build in 25 months · DLD project register, Jul 20265%Context
2. Is my money protected?Payments go to an escrow account at بنك ابوظبى التجارى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,232/sqft, 20.4% below the Mina Rashid off-plan median across 18 projects-20.4%Context
4. Is it selling?6 off-plan sales registered in the last 12 months, of 233 units; the latest on 20 Aug 20266Context
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 ابوظبى التجارى

Developer, as licensed

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

Master developer

Mina Rashid Properties

Registered start

October 2024

Configuration

Residential Development Consisting of two buildings Building 1 (G + 9 + Roof): Total of 154 units Building 2 (G + 7 + Roof): Total of 79 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 Ocean Cove be completed?

The developer registered handover for August 2028, 25 months after DLD’s latest record, and the project was 5% 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 Cove cost per square foot?

AED 2,232 per sqft, the median of 6 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.79M. That is 20.4% below the Mina Rashid off-plan median across 18 projects.

Is Ocean Cove in escrow?

Yes: the Land Department register names بنك ابوظبى التجارى 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 Cove?

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 Ocean Cove have?

233 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.