Pier Point 1 construction progress
Pier Point 1 in Mina Rashid is 8.3% built at the Land Department inspection of May 2026. Developer Mina Rashid Properties. Completion registered for October 2028.
8.3%
Built, at the Land Department site inspection of 14 May 2026
Running behind its date
- Completion date (Land Department)
- October 2028
- Finish at recent pace
- November 2035
- Construction started
- February 2025
- Registered with the Land Department
- September 2024
- Developer
- Mina Rashid Properties
- Community
- Mina Rashid
- Units
- 122
- Escrow bank
- First Abu Dhabi Bank
- Name in Arabic
- بير بوينت 1
- Land Department project number
- 3304
- Land Department site inspections
- 4
Schedule
Between July 2025 and May 2026 the site added about 0.8 points a month. At that rate it would finish around November 2035, more than three months after the October 2028 date registered with the Land Department.
Site inspections
14 May 2026
8.3%+2.1 pts
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8 January 2026
6.1%+5.7 pts
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21 July 2025
0.4%+0.4 pts
19 September 2024
0%
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.
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Notify me when it launchesQuestions
- When will Pier Point 1 be completed?
- The completion date registered with the Dubai Land Department is October 2028. At the pace of its recent inspections the site would reach 100% around November 2035. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Pier Point 1 is built?
- 8.3%, measured at the Land Department site inspection on 14 May 2026. The Land Department engineers have inspected the site 4 times since September 2024.
- Is Pier Point 1 delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of October 2028.
- Who is building Pier Point 1?
- The registered developer is Mina Rashid Properties. It has 19 other projects under construction in Dubai.
- Which bank holds the escrow account for Pier Point 1?
- First Abu Dhabi 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.
- SeascapeAlso by Mina Rashid Properties. 79%, Due November 2026.
- ClearpointAlso by Mina Rashid Properties. 45%.
- BaylineAlso by Mina Rashid Properties. 61%.
- AvonleaAlso by Mina Rashid Properties. 64%.
- 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.