When will Vedaire Residences be completed?

The completion date registered with the Dubai Land Department is March 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Vedaire Residences is built?

0%, measured at the Land Department site inspection on 10 April 2025.

Who is building Vedaire Residences?

The registered developer is Elton Real Estate Development.

Which bank holds the escrow account for Vedaire Residences?

The National Bank of Fujairah. 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.

Vedaire Residences construction progress

Vedaire Residences in Meydan Racecourse Community is 0% built at the Land Department inspection of April 2025. Developer Elton Real Estate Development. Completion registered for March 2028.

Built, at the Land Department site inspection of 10 April 2025

Completion date (Land Department): March 2028
Construction started: October 2025
Registered with the Land Department: May 2025
Developer: Elton Real Estate Development
Community: Meydan Racecourse Community
Units: 46
Escrow bank: The National Bank of Fujairah
Name in Arabic: مساكن فيدير
Land Department project number: 3599
Land Department site inspections: 1

Schedule

The Land Department has inspected Vedaire Residences once so far, which is not enough to measure a pace. A pace needs two inspections at least a month apart.

Site inspections

10 April 2025

All 2 site photos, by inspection date

Context

Meydan Racecourse Community has 9 projects under construction, 31% built on average.

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Questions

When will Vedaire Residences be completed?: The completion date registered with the Dubai Land Department is March 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Vedaire Residences is built?: 0%, measured at the Land Department site inspection on 10 April 2025.
Who is building Vedaire Residences?: The registered developer is Elton Real Estate Development.
Which bank holds the escrow account for Vedaire Residences?: The National Bank of Fujairah. 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.