Emaar Properties · Rashid Yachts & Marina · Construction Update
Pier Point 1 at Rashid Yachts & Marina Construction Update - May 2026
May 2026 Inspection Records Pier Point 1 at 8.27% Construction Progress in Rashid Yachts & Marina
Mobilization, enabling and piling works are under way on the Pier Point 1 plot, the activity behind the 8.27 percent recorded at the 14 May 2026 inspection.
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Verified DLD Inspection Data
Pier Point 1 Construction Snapshot
A 2.15 point rise to 8.27% keeps Pier Point 1 in the enabling and foundations band, the stage where the trust account record and the instalment schedule carry more weight than anything standing on the plot.
Pier Point 1 at Rashid Yachts & Marina
3304
Active
8.27%
14 May 2026
22 February 2025
122 residential units
12,894.42 sq m
31 October 2028
Data source: RERA inspection conducted on 14 May 2026, tracked against DLD inspection records. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: September 2026.
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This Inspection Cycle
Pier Point 1 Construction Progress Summary
Between the two RERA readings on record, Pier Point 1 moved from 6.12% to 8.27%, a 2.15 point gain earned below ground rather than above it: the 14 May 2026 inspection found mobilization, enabling and piling works on going across plot 512 in Madinat Dubai Almelaheyah. At this stage the record is about groundwork and schedule discipline, not visible height.
- Registration of project 3304 with the Dubai Land Department
- Construction start recorded on 22 February 2025
- Project trust account opened at First Abu Dhabi Bank P.J.S.C.
- Mobilization of the site on plot 512
- Enabling works ahead of the substructure
- Piling across the footprint of the two towers and podium
- Main contract recorded as progressing in the May 2026 report
- Substructure and the ground plus one podium, nine floor and roof superstructure
- Fit out of the 122 residences, podium landscaping and external works
- Remaining RERA inspection cycles, completion procedures and handover from 31 October 2028
Payment Linked Progress
What 8.27% Progress Means for Pier Point 1 Buyers
A reading of 8.27% sits at the start of the plan rather than the end of it, which makes this the most useful moment to check the machinery: where the money goes, what the contract actually commits to, and whether the purchase is registered. Four actions matter most at this stage of Pier Point 1.
Verify project 3304 in the escrow register
Every instalment still ahead of you belongs in the DLD regulated trust account registered for project 3304, held at First Abu Dhabi Bank P.J.S.C. Run Pier Point 1 escrow account verification before money leaves your side of the transaction; the lookup itself takes about two minutes against the official DLD project record.
Map your SPA instalments against the record
The schedule was fixed at the September 2024 launch and holds 20% back to completion, so the useful exercise is separating the instalments dated before your entry from those still ahead of it. Not sure how your instalments sit against this reading? Send me your SPA schedule and I will map it against the certified milestones.
Confirm Oqood registration of your purchase
Oqood is the interim registration that records an off plan sale in the Dubai Land Department system before a title deed exists, and at this stage of the build it is the only ownership evidence there is. Ask for the certificate and check the unit, the price and project number 3304 on it against your contract.
Read every reading, not just this one
One inspection is a point and the chain is the trend, and from 8.27% there are years of readings ahead before certification. Pier Point 1 construction updates hub collects each cycle as it is published.
General framework, not legal advice: milestone definitions, notice periods, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly.
Buying at 8.27%?
Entering a project at the groundwork stage trades certainty for runway: the structure is not built yet, the handover window is years out, and what you are underwriting is the developer's record and the registered schedule. Every payment goes to the DLD-registered escrow account for project 3304, released against certified construction progress.
- Two inspection readings on record, the latest certified 14 May 2026
- Instalments already dated in the launch schedule are caught up at entry
- Handover registered for 31 October 2028, about two and a half years out
- No inspection record yet, so nothing has been certified by RERA
- The whole construction programme ahead, enabling works included
- The full instalment runway, priced at launch levels
02 units listed available on the project page as of this update; availability shifts between cycles.
About the Development
Pier Point 1 Project Details
At 8.27% certified progress Pier Point 1 is still a groundworks site: 122 residences registered as a ground plus one podium, nine floor and roof development on plot 512, sold as one to three bedroom apartments and three bedroom townhouses from AED 1.93M ≈ USD 526K.
Buying here means underwriting the schedule rather than inspecting the structure, and the trade off runs the other way to a late stage purchase: the longest instalment runway against a handover registered for 31 October 2028.
Pier Point 1 at Rashid Yachts & Marina Project GuideSite Context This Cycle
Explore Pier Point 1 Location on Dubai Map
Pier Point 1 holds plot 512 in Madinat Dubai Almelaheyah, on the marina side of the Rashid Yachts & Marina masterplan with its outlook set across the berths toward the Downtown skyline. None of that is expressed on site yet: at 8.27% the works the May 2026 inspection recorded are mobilization, enabling and piling, which is the plot being prepared to carry two towers and the podium between them.
The district around the site is further along than the building on it. Port Rashid access roads, the promenade and the heritage frontage of the QE2 are already in place, so this groundwork is happening inside a working waterfront rather than an empty one, and a buyer can read the setting years before the structure exists. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in Pier Point 1 During Early Construction Progress
The enabling and foundations band is where payment protection, registration and residency planning are decided, long before there is a building to inspect. Each entry below is pinned to the stage Pier Point 1 is actually at.
Pier Point 1 Construction Updates
This page: the verified May 2026 inspection reading for Pier Point 1, from piling to handover.
Pier Point 1 at Rashid Yachts & Marina Golden Visa: 122 Homes
Three of four types at Pier Point 1 at Rashid Yachts & Marina, Emaar's waterfront release, qualify on a single purchase.
Read Pier Point 1 Golden Visa Eligibility
Pier Point 1 at Rashid Yachts & Marina: First Tower Escrow
Pier Point 1 at Rashid Yachts & Marina, DLD project 3304: First Abu Dhabi Bank escrow, 8.27% certified May 2026.
Verify Pier Point 1 Escrow AccountUpdate Timeline
Other Pier Point 1 Construction Updates
This is the first published reading in the Pier Point 1 chain. Each new inspection cycle is added to the hub, so the run from piling to handover can be read in order.
Where This Update Fits
Explore Pier Point 1 Structure
A single reading only makes sense against its surroundings: the marina releases around the plot, the community being built with them, and the developer carrying the programme.
Mina Rashid Properties for Sale
Browse waterfront apartments for sale at Rashid Yachts & Marina, with projects, prices and payment plans.
See Mina Rashid Properties for Sale
Mina Rashid Community Overview
Read the Rashid Yachts & Marina guide: Emaar's transformation of historic Port Rashid into a marina lifestyle community.
Explore the Mina Rashid Community
Emaar Properties: Burj Khalifa, Downtown Dubai and Twenty Master Communities
Emaar, founded in 1997, built Burj Khalifa and Downtown Dubai and has delivered over 85,000 homes across twenty master communities.
View the Emaar Properties Developer ProfileFAQs
Pier Point 1 at Rashid Yachts & Marina Construction Progress in May 2026: Frequently Asked Questions
The RERA inspection dated 14 May 2026 records Pier Point 1 at 8.27% construction progress in the DLD project register, up from 6.12% at the previous inspection, a gain of 2.15 points. The progress status carried against the main contract at that date is Progressing, and the reading places the project in the enabling and foundations stage rather than the structural one.
Yes. The 31 October 2028 date is the completion date held in the DLD project record as at the 14 May 2026 inspection, and registered dates can be revised between cycles. A project this early in its programme carries the longest runway for revision in either direction, and a change would surface as a revised record in a later reading rather than as an announcement.
The 14 May 2026 inspection brief records mobilization, enabling and piling works on going at the site. That is the sequence that runs before any visible structure: establishing the site compound, preparing the ground, then driving the piles that will carry the two towers and the podium between them. The registered scheme above them is a ground plus one podium, nine floor and roof development of 122 units.
It is the status field the 14 May 2026 report carries for the main construction contract, and it means that contract is live and advancing rather than suspended or still unawarded. It is a status, not a measurement: the 8.27% figure is the separate certified progress reading. The inspection cycle behind both is covered on the Pier Point 1 construction updates hub.
No. The schedule fixed at the September 2024 launch is a dated run of nine instalments in an 80/20 shape, so each instalment falls on its own date rather than on an inspection reading. The RERA percentage is the independent record of what has actually been built, which is why it is worth reading alongside the schedule rather than in place of it.
It is the first monthly update published on this cluster for Pier Point 1, and the second inspection on the DLD record: the earlier 6.12% reading appears inside the same 14 May 2026 report as the previous figure, without a page of its own. Every later cycle is added to the Pier Point 1 construction updates hub as it is published.
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Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the May 2026 inspection record for Pier Point 1 at Rashid Yachts & Marina 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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