When will Ocean Point be completed?

The Land Department has no completion date on record for Ocean Point yet.

How much of Ocean Point is built?

27%, measured at the Land Department site inspection on 21 April 2026. The Land Department engineers have inspected the site 5 times since February 2024.

Who is building Ocean Point?

The registered developer is Mina Rashid Properties. It has 19 other projects under construction in Dubai.

Which bank holds the escrow account for Ocean Point?

Emirates Islamic Bank. 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.

Ocean Point construction progress

Ocean Point in Mina Rashid is 27% built at the Land Department inspection of April 2026. Developer Mina Rashid Properties.

27%

Built, at the Land Department site inspection of 21 April 2026

Finish at recent pace: November 2029
Construction started: July 2024
Registered with the Land Department: February 2024
Developer: Mina Rashid Properties
Community: Mina Rashid
Units: 217
Escrow bank: Emirates Islamic Bank
Name in Arabic: اوشن بوينت
Land Department project number: 2975
Land Department site inspections: 5

Schedule

Since April 2025 Ocean Point has added about 1.7 points a month. At that rate the site reaches 100% around November 2029. The Land Department has no completion date on record to compare it with.

Progress at each Land Department site inspection

Site inspections

21 April 2026

27%+11 pts

8 December 2025

15%+5.4 pts

17 July 2025

10%+3.4 pts

24 April 2025

6.7%+6.7 pts

19 February 2024

All 25 site photos, by inspection date

Context

Mina Rashid has 18 projects under construction, 21% built on average.

Mina Rashid Properties has 20 projects under construction in Dubai, none past their registered completion dates.

Own a unit in Ocean Point?

Mulki follows this project for you: each new Land Department inspection, your payment plan, the handover date and what the unit is worth today, in one private app.

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Questions

When will Ocean Point be completed?: The Land Department has no completion date on record for Ocean Point yet.
How much of Ocean Point is built?: 27%, measured at the Land Department site inspection on 21 April 2026. The Land Department engineers have inspected the site 5 times since February 2024.
Who is building Ocean Point?: The registered developer is Mina Rashid Properties. It has 19 other projects under construction in Dubai.
Which bank holds the escrow account for Ocean Point?: Emirates Islamic Bank. 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.