DAMAC Properties · DAMAC Islands · Construction Update
Maldives at DAMAC Islands Construction Update - October 2026
12 October 2026 DLD Reading Puts Maldives 1 at 6.59% as Main Contract Works Progress
Maldives 1, the cluster's first registered phase, recorded main contract works under way at its 12 October 2026 inspection, with foundation, substructure and infrastructure works progressing.
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Recorded DLD Inspection Data
Maldives at DAMAC Islands Construction Snapshot
A 3.38 point rise since the 4 May 2026 reading took Maldives 1 (DLD project 3388) to 6.59% on 12 October 2026, an early construction reading, the stage where checking escrow and registration matters more than any percentage. The DLD registers the Maldives cluster in five phases; Maldives 2 to 5 carry their own records, and this Maldives 1 reading does not cover them.
Damac Islands - Maldives 1
3388 (Maldives 1)
Active (Maldives 1); IPMR: Main Contract - Progressing
6.59% (Maldives 1)
12 October 2026 (Maldives 1)
23 March 2025 (Maldives 1)
1,569 across the Maldives cluster
90,653.66 sq m (Maldives 1 DLD register)
Q4 2028
Data source: the DLD project register entry Damac Islands - Maldives 1 (project 3388, status Active, registered 9 January 2025, construction started 23 March 2025, registered completion date 31 December 2028) and the RERA Independent Progress Monitoring Report for the Maldives 1 inspection of 12 October 2026, Progress Status Main Contract - Progressing. That report prints no percentage, so 6.59% and the earlier 3.21% of 4 May 2026 are the Maldives 1 register readings. The hero image is a DAMAC rendering, not a site photograph. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: October 2026.
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This Inspection Cycle
Maldives at DAMAC Islands Construction Progress Summary
Between the 4 May 2026 and 12 October 2026 inspections, Maldives 1 moved from 3.21% to 6.59%, a 3.38 point gain over 161 days, with the RERA report's Progress Status reading Main Contract - Progressing. That report describes Maldives 1 as 397 B+G+2, G+2 and G+1 townhouses and villas designed with a concrete structure, blockwork, and internal and external finishes; every item below comes from the Maldives 1 register and that report.
- Maldives 1 entered in the DLD register on 9 January 2025
- Maldives 1 construction start recorded on 23 March 2025, 73 days after registration
- Escrow trust account with Emirates NBD listed for Maldives 1
- First recorded Maldives 1 reading: 3.21% on 4 May 2026
- Maldives 1 mobilisation, recorded as ongoing on 12 October 2026
- Enabling works, recorded at an advanced stage
- Foundation, substructure and infrastructure works, progressing at different stages
- MEP works, recorded at an early stage
- The concrete structure and blockwork the report describes for the 397 Maldives 1 homes
- Internal and external finishes across the B+G+2, G+2 and G+1 types
- Further RERA inspection readings toward 100%
- Maldives 1 registered completion date 31 December 2028; expected handover Q4 2028
Time-Linked Instalments
What 6.59% Progress at Maldives 1 Means for Maldives Buyers
DAMAC's DAMAC Islands payment plan sets instalments by months from sale rather than by construction milestones, so the 6.59% Maldives 1 reading neither triggers a payment nor moves a due date: it shows how far the build had come while instalments run. At this early stage of the Maldives cluster, four actions matter most.
Verify the escrow account
Every Maldives phase is registered as its own DLD project, with its own escrow account. For Maldives 1 (Damac Islands - Maldives 1, project 3388) the trust account bank is Emirates NBD; buyers in Maldives 2 to 5 take the account from their own SPA or Oqood and verify it on Dubai REST, not this one. Maldives at DAMAC Islands escrow account verification covers the check, and the lookup itself takes about two minutes against the official DLD project record.
Reread your SPA payment schedule
DAMAC's DAMAC Islands payment plan (launch sheet, November 2024) sets 20% plus the 4% DLD registration fee on booking, 55% in 39 instalments after booking and 25% on completion; check how your SPA dates each instalment and defines completion against the Q4 2028 handover. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Confirm your Oqood registration
An off-plan home is recorded with the DLD through Oqood, the interim register entry that stands in for a title deed until completion; the 4% DLD registration fee paid at booking goes to the DLD, not into escrow. Check that your Oqood names your Maldives phase, unit and price exactly as your SPA does.
Track the next readings
The two Maldives 1 readings on record, 4 May and 12 October 2026, sit about five months apart. The Maldives at DAMAC Islands construction updates hub adds each new reading, and the Maldives 2 to 5 records as they are supplied.
General framework, not legal advice: instalment dates, notice periods, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly. This is the plan DAMAC issued at the DAMAC Islands launch in November 2024; confirm the current schedule for your Maldives phase with DAMAC and in the SPA.
Buying While Maldives 1 Reads 6.59%?
Entering at an early construction stage trades certainty for runway: the instalments spread across the build, the price is fixed before the homes stand, and the inspection record is still short. Every instalment goes to the DLD-registered escrow account of your phase (project 3388 for Maldives 1), released against construction progress.
- Two dated Maldives 1 register readings on record: 3.21% and 6.59%
- Expected handover for the cluster in Q4 2028
- 55% over 39 instalments after booking, 25% on completion (launch sheet)
- Most construction risk resolved before you commit
- A shorter wait for keys, with less instalment runway
- A larger share of the price due close to handover
Limited units available as of this update, with no count published; availability shifts between cycles.
About the Development
Maldives at DAMAC Islands Project Details
With its first registered phase, Maldives 1, at the main contract stage, the Maldives cluster is an early-build community of 1,569 townhouses and villas in five DLD phases. Entry starts with the 2,208 sq ft 4 bedroom townhouse at AED 2.34M ≈ USD 637K.
The range tops out at the 7 bedroom DIV-75 villa of 17,079 sq ft from AED 18.57M ≈ USD 5.06M, and every tier clears the AED 2M ≈ USD 545K Golden Visa threshold. Buying now trades a longer wait to the expected Q4 2028 handover for the full instalment runway; the image shown is a DAMAC rendering.
Maldives at DAMAC Islands Project GuideSite Context This Cycle
Explore Maldives at DAMAC Islands Location on Dubai Map
DAMAC's cluster map places Maldives 1 to 3 in Parcel 1 of DAMAC Islands and Maldives 4 and 5 in Parcel 2, so the phase tracked here is one part of a cluster laid across two parcels of the Dubailand masterplan. Because Maldives 1 is a low-rise phase of B+G+2, G+2 and G+1 homes rather than a single building, its works run across many plots at once, which is why the 12 October 2026 report for Maldives 1 found its foundation, substructure and infrastructure packages at different stages.
DAMAC's own community figures put Sports City, Motor City and DAMAC Hills about 15 minutes from DAMAC Islands, the Expo 2020 Venue about 20 and Al Maktoum International Airport about 23, timings for the community rather than from the Maldives cluster. The lagoons and amenity zones around it are planned rather than built, so buyers weighing occupancy or rental plans for Q4 2028 are buying into a district still being formed. See the cluster's position on the interactive Dubai real estate map. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in Maldives at DAMAC Islands During Early Construction
The early construction band is when payment protection, registration, and residency planning are settled, before most instalments fall due. Each resource below is matched to where the Maldives cluster stands right now.
Maldives at DAMAC Islands Construction Updates
This page: the 12 October 2026 Maldives 1 record, 6.59% with main contract works under way.
Maldives Golden Visa: No Townhouse or Villa Type Below the Line
Maldives at DAMAC Islands by DAMAC Properties prices all five home types above the AED 2M Golden Visa threshold.
Read the Maldives at DAMAC Islands Golden Visa Guide
Maldives Escrow: Five DLD Phases, Each With Its Own Account
Maldives 1, DLD project 3388 on plot 5078, holds its 397 registered units' payments with Emirates NBD as trust bank.
Verify the Maldives at DAMAC Islands Escrow AccountUpdate Timeline
Other Maldives at DAMAC Islands Construction Updates
October 2026 is the first monthly record for the cluster; the hub gathers each reading as it is added, starting with Maldives 1.
Where This Update Fits
Explore the Maldives at DAMAC Islands Structure
This monthly record sits inside a wider picture: the listings competing with the cluster, the master community around it, and the developer responsible for both.
DAMAC Islands Properties for Sale
Villas and townhouses for sale across DAMAC Islands’ tropical-themed clusters, with off-plan properties and flexible payment plans.
See DAMAC Islands Properties for Sale
DAMAC Islands Community Overview
Read the DAMAC Islands guide: six themed lagoon clusters of waterfront villas and townhouses, with masterplan and payment plans.
Explore the DAMAC Islands Community
DAMAC Properties: Lagoon Communities, Golf Villas and Branded Collaborations
Founded in 2002, DAMAC has delivered 48,000 homes and is known for large-scale master communities, luxury residential projects and branded collaborations.
View the DAMAC Developer ProfileFAQs
Maldives at DAMAC Islands Construction Progress in October 2026: Frequently Asked Questions
The DLD register reading for Maldives 1 (project 3388), the first of the cluster's five registered phases, was 6.59% at the inspection recorded on 12 October 2026, up 3.38 points from 3.21% on 4 May 2026. The RERA progress report for that Maldives 1 visit lists its Progress Status as Main Contract - Progressing and prints no percentage of its own, so both figures are register readings; Maldives 2 to 5 have separate records that this reading does not cover.
Yes. The 31 December 2028 completion date in the DLD record for Maldives 1 is the developer's registered filing and can be revised between inspection cycles; as of the 12 October 2026 reading it is in line with the expected Q4 2028 handover for the cluster. Each phase's contractual completion date is the one in its SPA, and any revision to the Maldives 1 record would appear in a following monthly update.
At the 12 October 2026 inspection of Maldives 1, the RERA Independent Progress Monitoring Report recorded mobilisation as ongoing, enabling works at an advanced stage, foundation, substructure and infrastructure works progressing at different stages, and MEP (mechanical, electrical and plumbing) works at an early stage. The same report describes Maldives 1 as 397 B+G+2, G+2 and G+1 townhouses and villas designed with a concrete structure and blockwork, with internal and external finishes.
Maldives 1 rose from 3.21% on 4 May 2026 to 6.59% on 12 October 2026, a gain of 3.38 points over 161 days, or about 0.63 points per 30-day month. That rate is measured between the two register readings, not a forecast: inspection readings are snapshots taken months apart, and a single interval says little about the next one. How readings build up across the whole build is tracked on the Maldives at DAMAC Islands construction updates hub.
The DLD registers the Maldives cluster as five separate projects, Maldives 1 to Maldives 5, each with its own record, escrow account and inspection readings. This page tracks Maldives 1 (project 3388), the first phase registered, and its October 2026 figures describe that phase only. Nothing here states the progress, dates or accounts of Maldives 2 to 5: buyers in those phases check their own phase's record on Dubai REST and the escrow details in their SPA. Together the five phases make up the 1,569 homes of the cluster.
No. The October 2026 hero image is a DAMAC rendering of a planned two-storey villa with a construction updates graphic, not a photograph of the site. The RERA record for the 12 October 2026 Maldives 1 inspection carries its own inspection photographs, which are not reproduced here, and every image on this page is a developer rendering or concept graphic.
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Independent of the developer: I work for the buyer, and my only job on this page is helping you read the October 2026 inspection record for Maldives at DAMAC Islands correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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