When will Verano By Prescott be completed?

The completion date registered with the Dubai Land Department is December 2026. At the pace of its recent inspections the site would reach 100% around May 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Verano By Prescott is built?

41%, measured at the Land Department site inspection on 29 September 2026. The Land Department engineers have inspected the site 7 times since October 2024.

Is Verano By Prescott 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 2026.

Who is building Verano By Prescott?

The registered developer is Prescott Real Estate Development. It has 5 other projects under construction in Dubai.

Which bank holds the escrow account for Verano By Prescott?

United Bank Limited. 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.

Verano By Prescott construction progress

Verano By Prescott in Dubai Studio City is 41% built at the Land Department inspection of September 2026. Developer Prescott Real Estate Development. Completion registered for December 2026.

41%

Built, at the Land Department site inspection of 29 September 2026

Running behind its date

Completion date (Land Department): December 2026
Finish at recent pace: May 2028
Construction started: March 2025
Registered with the Land Department: December 2024
Developer: Prescott Real Estate Development
Community: Dubai Studio City
Units: 269
Escrow bank: United Bank Limited
Name in Arabic: فيرانو من بريسكوت
Land Department project number: 3339
Land Department site inspections: 7

Schedule

Between October 2025 and September 2026 the site added about 3.0 points a month. At that rate it would finish around May 2028, more than three months after the December 2026 date registered with the Land Department.

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

Site inspections

29 September 2026

41%+8.5 pts

2 July 2026

33%+12 pts

19 March 2026

20%+5.3 pts

18 December 2025

15%+8.6 pts

16 October 2025

6.5%+4.8 pts

27 May 2025

1.7%+1.7 pts

25 October 2024

All 40 site photos, by inspection date

Context

Dubai Studio City has 8 projects under construction, 51% built on average.

Prescott Real Estate Development has 6 projects under construction in Dubai, none past their registered completion dates.

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Questions

When will Verano By Prescott be completed?: The completion date registered with the Dubai Land Department is December 2026. At the pace of its recent inspections the site would reach 100% around May 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Verano By Prescott is built?: 41%, measured at the Land Department site inspection on 29 September 2026. The Land Department engineers have inspected the site 7 times since October 2024.
Is Verano By Prescott 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 2026.
Who is building Verano By Prescott?: The registered developer is Prescott Real Estate Development. It has 5 other projects under construction in Dubai.
Which bank holds the escrow account for Verano By Prescott?: United Bank Limited. 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.