Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026

Dubai Land Department register

Pier Point 1

Under constructionMina RashidCompletion on file Oct 2028

122 homes on the DLD register in Madinat Dubai Almelaheyah, filed by Mina Rashid Properties L.L.C. 122 sales have been registered against it between 11 Oct 2024 and 1 May 2026.

Construction completeUnder construction

Recorded at DLD's site inspection of 14 May 2026. That is an inspector's last visit, not today — the site has moved on since.

Developer entityMina Rashid Properties L.L.C
Area (DLD)Madinat Dubai Almelaheyah
StatusUnder construction
Homes122
Registered sales122
Project registry

THE DLD RECORD

Registry as at 4 Oct 2026
Registered developer entityMina Rashid Properties L.L.C
Area (DLD)Madinat Dubai Almelaheyah
Master communityMina Rashid
Project statusUnder construction
Construction progress8.27% complete (DLD inspection, 14 May 2026)
Homes registered122
Buildings1
Registered start22 Feb 2025
Registered completion date31 Oct 2028
DLD project number3304
Description as recorded by DLD

Residential Development Consisting of (G + 1P + 9 Floors + Roof) Total of 122 units

Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.

Project escrow account
Escrow trustee bankFirst Abu Dhabi Bank P.J.S.C.
Escrow account4031224036986009

Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.

Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page. Registered completion: Oct 2028.

Registered sales

REGISTERED SALE PRICES

DLD register · as at 5 Oct 2026

122 sales were registered against Pier Point 1 between 11 Oct 2024 and 1 May 2026 — a span of 19 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.

AED/sqft
2,276
From the one registered sale
Sale price
AED 2.92m
Size 1,285 sqft
Registered sales
122
11 Oct 2024 to 1 May 2026
Area median AED/sqft
3,086
Madinat Dubai Almelaheyah: 2,346 sales, off-plan only, 12 months to 5 Oct 2026

The two figures behind that percentage are not drawn on the same population. This project’s median covers every registration type across the whole register we hold (28 Apr 2025 to 5 Oct 2026). The area figure covers off-plan only in Madinat Dubai Almelaheyah over the 12 months to 5 Oct 2026, pooled on the transaction register’s own area name, which does not always match the project register’s name shown above. Unit mix, floor level and view are not controlled for on either side, and neither is use class: DLD registers offices and shops as units, so registered retail and office sales are pooled into both figures, and retail trades at a materially higher rate per square foot than residential stock in the same building. In sectors where commercial space is a large share of what registers, the area figure sits well above the residential rate. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.

One registered sale. The figures above are that sale, not a market rate. Every registration is listed below.
Median AED/sqft by quarter

Q2 2026: AED/sqft 2,276 from 1 registered sale — a small sample.

By unit size
TypeSalesMedian sizeMedian AED/sqft
2 bedrooms11,285 sqft2,276

Every band shows its median with its sale count. A band with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as the rate for that unit type.

Registration timing
Registration typeSalesMedian AED/sqft
Registered before completion12,276
Registered after completion0—

DLD splits registrations by timing: an off-plan registration is entered before the unit legally completes, an existing registration after. Where both appear, the gap between them reflects that difference as much as any movement in value. A side with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as a rate.

Buildings in the register

The register does not name a building against these sales — common where a project is registered as a single tower.

The last 1 registrations to 5 Oct 2026
DateTypeUnitSizePriceAED/sqft
1 May 2026Off-plan2 bedrooms1,285 sqftAED 2,923,8882,276

Basis: Dubai Land Department transaction register, arm’s-length sales of units and villas only. Gifts, mortgage registrations, zero-price rows, land plots and whole-building transfers are excluded, as are AED/sqft values outside 100–20,000. Figures are medians, not averages. The medians, trend and quarterly table above are drawn on the part of the register we hold in full detail, which runs from 28 Apr 2025 to 5 Oct 2026; 28 Apr 2025 is the earliest date there, not the date this project started selling. The sale count and date span in the opening sentence cover all registered history to 2 Oct 2026, from the transaction feed below. This page is a dated extract taken on 6 Oct 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.

Transaction history

ALL REGISTERED SALES

DLD register · to 2 Oct 2026
Median AED/sqft, last 6 months, apartments and villas
2,276
Across 1 registered sale to 2 Oct 2026
Registered sales, all time
122
11 Oct 2024 to 1 May 2026
The latest 25 of 122 sales, newest first
DateProperty typeBedroomsArea (sq ft)Price (AED)AED per sq ft
1 May 2026Flat2 B/R1,2852,923,8882,276
27 Feb 2025Flat2 B/R1,2922,942,8882,277
19 Feb 2025Flat2 B/R1,2853,052,8882,376
14 Jan 2025Flat1 B/R7741,945,8882,515
13 Jan 2025Flat3 B/R2,6678,750,8883,281
10 Jan 2025Flat1 B/R8022,200,0002,745
9 Jan 2025Flat1 B/R8042,404,8882,993
23 Dec 2024Flat2 B/R1,2144,080,6103,363
20 Dec 2024Flat2 B/R1,2312,868,8882,331
17 Dec 2024Flat1 B/R7801,973,8882,531
17 Dec 2024Flat1 B/R8022,119,8882,645
17 Dec 2024Flat2 B/R1,2852,900,8882,258
16 Dec 2024Flat2 B/R1,2852,853,6502,221
16 Dec 2024Flat2 B/R1,2852,946,8882,293
16 Dec 2024Flat1 B/R7741,937,8882,505
16 Dec 2024Flat2 B/R1,2884,460,8503,462
11 Dec 2024Flat1 B/R8102,140,8882,642
11 Dec 2024Flat1 B/R7741,968,8882,544
11 Dec 2024Flat1 B/R7741,933,8882,500
9 Dec 2024Flat1 B/R8102,165,8882,673
29 Nov 2024Flat3 B/R1,6725,036,8883,013
27 Nov 2024Flat1 B/R8112,034,8882,511
25 Nov 2024Flat2 B/R1,3733,683,8882,683
25 Nov 2024Flat3 B/R2,6678,750,8883,281
25 Nov 2024Flat2 B/R1,2842,992,8882,332

Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The count is every registered sale, of any property type, over the project’s whole history. The median is a separate measure: it covers the 6 months to that date and uses only apartment and villa sales in that period that carry a price and an area. Offices, shops, land and other non-residential sales are listed above but never enter it. Areas are DLD’s square metres converted to square feet.

Next step

ASK US ABOUT Pier Point 1

This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 5 Oct 2026.

  • AVAILABILITY

    On the register

    122 homes

    From the DLD project record as at 4 Oct 2026, filed at status “Under construction” as at 4 Oct 2026.

    Not on the register

    What is available now

  • PRICE

    On the register

    122 registered sales

    Prices already paid, registered between 11 Oct 2024 and 1 May 2026.

    Not on the register

    At what price

  • PAYMENT TERMS

    On the register

    —

    The DLD project register carries no payment-plan data of any kind.

    Not on the register

    On what payment terms

  • THE SPECIFIC UNIT

    On the register

    1 recent registrations

    Listed above with date, size, price and AED per square foot.

    Not on the register

    How the specific unit compares with the ones already registered

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