The Rings construction progress
The Rings in Dubai Water Canal is 35% built at the Land Department inspection of August 2026. Developer P M R Development. Completion registered for December 2025.
35%
Built, at the Land Department site inspection of 26 August 2026
10 months past its registered completion date
- Completion date (Land Department)
- December 2025
- Finish at recent pace
- November 2029
- Construction started
- January 2024
- Registered with the Land Department
- October 2023
- Developer
- P M R Development
- Community
- Dubai Water Canal
- Units
- 13
- Escrow bank
- Commercial Bank of Dubai
- Name in Arabic
- الخواتم
- Land Department project number
- 2767
- Land Department site inspections
- 9
Schedule
The Rings was registered to complete in December 2025, 10 months ago, and is still under construction. Over the last year of inspections it has added about 1.7 points a month. Kept at that rate, the site would reach 100% around November 2029.
Site inspections
26 August 2026
35%+6.5 pts
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8 June 2026
29%+4.3 pts
25 March 2026
24%+3.5 pts
11 December 2025
21%+8.8 pts
28 July 2025
12%+3.3 pts
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15 May 2025
8.7%+2.0 pts
22 January 2025
6.6%+3.9 pts
21 May 2024
2.7%+2.7 pts
21 September 2023
0%
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Context
Dubai Water Canal has 10 projects under construction, 37% built on average.
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Notify me when it launchesQuestions
- When will The Rings 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 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of The Rings is built?
- 35%, measured at the Land Department site inspection on 26 August 2026. The Land Department engineers have inspected the site 9 times since September 2023.
- Is The Rings delayed?
- Yes. Its registered completion date of December 2025 has passed and the Land Department still lists it as under construction.
- Who is building The Rings?
- The registered developer is P M R Development.
- Which bank holds the escrow account for The Rings?
- Commercial Bank of Dubai. 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 CityNearby in Dubai Water Canal. 73%, Due December 2025, passed.
- Cavalli CoutureNearby in Dubai Water Canal. 20%, Due May 2025, passed.
- One CanalNearby in Dubai Water Canal. 77%.
- Casa CanalNearby in Dubai Water Canal. 38%.
- 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.