Ocean Point

1. Is it on schedule?10% built in July 2026; the register gives no handover date · DLD project register, Jul 202610%Context
2. Is my money protected?Payments go to an escrow account at مصرف الامارات الاسلامي مساهمة عامة, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,125/sqft, 24.3% below the Mina Rashid off-plan median across 18 projects-24.3%Context
4. Is it selling?17 off-plan sales registered in the last 12 months, of 217 units; the latest on 20 May 202617Context
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

مصرف الامارات الاسلامي مساهمة عامة

Developer, as licensed

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

Master developer

Mina Rashid Properties

Registered start

July 2024

Configuration

Building 1 - Consisting of 89 units With Floors (GF+8+Roof) Building 2 - Consisting of 120 units With Floors (GF+8+Roof) Townhouses - Consisting of 8 units With Floors (GF+1+Roof)

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.

What does Ocean Point cost per square foot?

AED 2,125 per sqft, the median of 17 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.00M. That is 24.3% below the Mina Rashid off-plan median across 18 projects.

Is Ocean Point in escrow?

Yes: the Land Department register names مصرف الامارات الاسلامي مساهمة عامة 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 Point?

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 Point have?

217 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.