When will Verdana (Phase 1) be completed?

The completion date registered with the Dubai Land Department is December 2025. At the pace of its recent inspections the site would reach 100% around November 2026. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Verdana (Phase 1) is built?

95%, measured at the Land Department site inspection on 3 June 2026. The Land Department engineers have inspected the site 12 times since November 2022.

Is Verdana (Phase 1) delayed?

Yes. Its registered completion date of December 2025 has passed and the Land Department still lists it as under construction.

Who is building Verdana (Phase 1)?

The registered developer is Reportage Prime Properties. It has 8 other projects under construction in Dubai.

Which bank holds the escrow account for Verdana (Phase 1)?

Al Masraf. 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.

Verdana (Phase 1) construction progress

Verdana (Phase 1) in Dubai Investment Park First is 95% built at the Land Department inspection of June 2026. Developer Reportage Prime Properties. Completion registered for December 2025.

95%

Built, at the Land Department site inspection of 3 June 2026

9 months past its registered completion date

Completion date (Land Department): December 2025
Finish at recent pace: November 2026
Construction started: July 2022
Registered with the Land Department: May 2022
Developer: Reportage Prime Properties
Community: Dubai Investment Park First
Units: 178
Escrow bank: Al Masraf
Name in Arabic: فيردانا (المرحلة الاول)
Land Department project number: 2394
Land Department site inspections: 12

Schedule

Verdana (Phase 1) was registered to complete in December 2025, 9 months ago, and is still under construction. Over the last year of inspections it has added about 0.9 points a month. Kept at that rate, the site would reach 100% around November 2026.

Progress at each Land Department site inspectionStraight line from start to the Land Department completion date

Site inspections

3 June 2026

95%+1.9 pts

6 February 2026

93%+4.6 pts

6 November 2025

88%+19 pts

17 March 2025

69%+7.1 pts

23 December 2024

62%+22 pts

4 June 2024

40%+12 pts

26 March 2024

28%+5.2 pts

6 December 2023

23%+7.4 pts

25 September 2023

16%+3.9 pts

26 July 2023

12%+11 pts

All 85 site photos, by inspection date

Context

Dubai Investment Park First has 9 projects under construction, 44% built on average.

Reportage Prime Properties has 9 projects under construction in Dubai; 3 have passed their registered completion date.

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Questions

When will Verdana (Phase 1) be completed?: The completion date registered with the Dubai Land Department is December 2025. At the pace of its recent inspections the site would reach 100% around November 2026. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Verdana (Phase 1) is built?: 95%, measured at the Land Department site inspection on 3 June 2026. The Land Department engineers have inspected the site 12 times since November 2022.
Is Verdana (Phase 1) delayed?: Yes. Its registered completion date of December 2025 has passed and the Land Department still lists it as under construction.
Who is building Verdana (Phase 1)?: The registered developer is Reportage Prime Properties. It has 8 other projects under construction in Dubai.
Which bank holds the escrow account for Verdana (Phase 1)?: Al Masraf. 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.

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.