Damac Islands - Maldives 1 construction progress
Damac Islands - Maldives 1 in Al Yelayiss 1 is 3.2% built at the Land Department inspection of May 2026. Developer Damac Elite Investment Co. Completion registered for December 2028.
3.2%
Built, at the Land Department site inspection of 4 May 2026
Running behind its date
- Completion date (Land Department)
- December 2028
- Finish at recent pace
- May 2055
- Construction started
- March 2025
- Registered with the Land Department
- January 2025
- Developer
- Damac Elite Investment Co
- Community
- Al Yelayiss 1
- Units
- 397
- Escrow bank
- Emirates NBD
- Name in Arabic
- داماك ايلاندز - مالديفز 1
- Land Department project number
- 3388
- Land Department site inspections
- 3
Schedule
Between June 2025 and May 2026 the site added about 0.3 points a month. At that rate it would finish around May 2055, more than three months after the December 2028 date registered with the Land Department.
Site inspections
4 May 2026
3.2%+2.9 pts
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26 June 2025
0.4%+0.4 pts
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9 December 2024
0%
Context
Al Yelayiss 1 has 18 projects under construction, 5.6% built on average.
Damac Elite Investment Co has 20 projects under construction in Dubai, none past their registered completion dates.
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Notify me when it launchesQuestions
- When will Damac Islands - Maldives 1 be completed?
- The completion date registered with the Dubai Land Department is December 2028. At the pace of its recent inspections the site would reach 100% around May 2055. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Damac Islands - Maldives 1 is built?
- 3.2%, measured at the Land Department site inspection on 4 May 2026. The Land Department engineers have inspected the site 3 times since December 2024.
- Is Damac Islands - Maldives 1 delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of December 2028.
- Who is building Damac Islands - Maldives 1?
- The registered developer is Damac Elite Investment Co. It has 19 other projects under construction in Dubai.
- Which bank holds the escrow account for Damac Islands - Maldives 1?
- Emirates NBD. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Damac Sun CityAlso by Damac Elite Investment Co. 37%, Due March 2028.
- Damac Islands - Maldives 2Also by Damac Elite Investment Co. 14%, Due December 2028.
- Damac Islands - Maldives 3Also by Damac Elite Investment Co. 12%, Due December 2028.
- Damac Islands - Bali 1Also by Damac Elite Investment Co. 2.8%, Due December 2028.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.