Ocean Star

1. Is it on schedule?7% built in July 2026, 12 months past its registered July 2025 handover · DLD project register, Jul 20267%Context
2. Is my money protected?Payments go to an escrow account at بنك أبوظبي الأول ش.م.ع., as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,185/sqft, 22.1% below the Mina Rashid off-plan median across 18 projects-22.1%Context
4. Is it selling?7 off-plan sales registered in the last 12 months, of 154 units; the latest on 8 Sept 20267Context
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 أبوظبي الأول ش.م.ع.

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 74 units with Floors (GF+6+Roof) Building 2 Consisting of 80 units with Floors (GF+6+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.

When will Ocean Star be completed?

The developer registered handover for July 2025; that date has passed with no completion recorded, 12 months on, and the project was 7% 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 Star cost per square foot?

AED 2,185 per sqft, the median of 7 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 3.33M. That is 22.1% below the Mina Rashid off-plan median across 18 projects.

Is Ocean Star in escrow?

Yes: the Land Department register names بنك أبوظبي الأول 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 Star?

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 Star have?

154 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.