Ellington · Rashid Yachts & Marina · Construction Update
Portside Square Construction Update - January 2026
DLD Register Reads Portside Square at 0% for the January 2026 Inspection, Before Construction Start in Rashid Yachts & Marina
No construction activity had started on plot 488 when Portside Square was inspected on 12 January 2026, a visit the DLD register records as a 0% reading.
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Verified DLD Inspection Data
Portside Square Construction Snapshot
A 0% reading with an untouched site places Portside Square at the very start of the enabling and foundations band, where what protects a buyer is the escrow account and the registration paperwork rather than anything visible on the plot.
Portside Square by Ellington
4213
Active
0%
12 January 2026
01 September 2026
413 units
39,728.55 sq m
31 December 2029
Data source: DLD Register Reading of 0% for the 12 January 2026 inspection of project 4213; the Independent Progress Monitoring Report itself prints the progress status as N/A. This was still the latest reading in the DLD project record checked in October 2026, which is also the source of the construction start date. 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
Portside Square Construction Progress Summary
The Independent Progress Monitoring Report dated 12 January 2026 states that no construction activity had started at site and leaves the RERA progress status as N/A; the 0% figure is the DLD Register Reading for that inspection. With no earlier reading to compare against, this cycle fixes the starting line from which every later Portside Square figure will be measured.
- Independent RERA site inspection of plot 488 on 12 January 2026
- Trust account bank on the record: Abu Dhabi Commercial Bank
- Project scope logged as mixed use with ground level retail, office and restaurant space
- No construction activity recorded on site at the time of inspection
- Plot shown as open, level sand in the inspection photograph
- RERA progress status listed as N/A in the January 2026 report
- Enabling and foundation works for the shared ground and podium levels
- Superstructure of three residential buildings, each 16 floors plus roof
- G+P+2 amenities building and the ground level retail frontage
- Completion scheduled for Q4 2029
Payment Linked Progress
What 0% Progress Means for Portside Square Buyers
The Portside Square 70/30 plan front loads payments by date, not by progress: 50% of the price falls due within 360 days of reservation, while only four 5% installments follow the 20%, 30%, 40% and 50% construction readings. At a 0% reading, four actions matter most.
Verify the escrow account
With half the price due on a calendar schedule before any structural milestone, each transfer should go only to the DLD regulated escrow account for project 4213, which the inspection record places with Abu Dhabi Commercial Bank. Portside Square escrow account verification sets out the check; the lookup itself takes about two minutes against the official DLD project record.
Reread your SPA payment schedule
Confirm how your sale and purchase agreement dates the 60, 120, 240 and 360 day installments, and which inspection reading triggers the first construction linked 5%. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the DLD register readings.
Confirm your Oqood registration
Off plan purchases are recorded with the DLD through Oqood registration, typically once the 20% booking installment and the 4% DLD registration fee are settled. Ask for the Oqood registration record and check that it names project 4213 and your exact unit.
Track the readings toward 20%
The first construction linked installment is due at the 20% reading, so each new inspection shows how close that payment is. Portside Square construction updates hub logs every reading as it publishes.
General framework, not legal advice: installment dates, Oqood timing, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly.
Buying at 0%?
Entering before construction begins gives the longest runway to Q4 2029 at current list prices, in exchange for carrying the full build period from the first excavation. Every payment goes to the DLD-registered escrow account for project 4213, released against construction progress as recorded in the DLD register.
- Site status documented: the 12 January 2026 inspection recorded no construction activity
- 50% of the price due within 360 days of reservation under the 70/30 plan
- 30% due on completion, scheduled for Q4 2029
- Purchase often made before any independent inspection report exists
- The whole construction period, usually several years, still ahead
- Installment terms fixed at release, before site progress can be checked
13 units listed available on the project page as of this update; availability shifts between cycles.
About the Development
Portside Square Project Details
At the January 2026 inspection Portside Square was still a bare plot, with 408 residences from studios to 4 bedroom penthouses planned across three 16 floor buildings above a shared podium. Starting prices: AED 1.22M ≈ USD 331K.
For buyers entering at this stage, the trade off is the longest wait and the most installments still ahead, in return for an entry made before any structure exists, with handover scheduled for Q4 2029.
Portside Square by Ellington Project GuideSite Context This Cycle
Explore Portside Square Location on Dubai Map
Portside Square is registered on plot 488 in Madinat Dubai Almelaheyah, the official DLD area name for Mina Rashid, inside Rashid Yachts & Marina between Marina View and Marina Cubes Street. The January 2026 inspection photograph shows that plot as open, level sand with no equipment on it, so the first real works this project records will be enabling and foundations for the shared ground and podium levels.
Because the marina, the Queen Elizabeth 2 and the Mina Rashid cruise terminal already operate around it, Portside Square is starting from zero inside a functioning waterfront district rather than an empty one; at this baseline, buyers can judge the setting as it stands today while the building itself only becomes measurable in later readings. See the project'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 Portside Square Before Construction Begins
The enabling and foundations band is when payment protection and residency planning need settling, because half the price is paid before the first construction milestone. Each resource below matches where Portside Square stands at 0%.
Portside Square Construction Updates
This page: the 12 January 2026 baseline inspection for Portside Square, recorded before any site works.
Portside Square Golden Visa: Four of Five Layouts Qualify, Studios Do Not
Portside Square at Mina Rashid qualifies from the 1 bedroom tier upward; only its studios start below the Golden Visa threshold.
Read Portside Square Golden Visa Guide
Portside Square Escrow: Abu Dhabi Commercial Bank Trust Account, Plot 488
Portside Square's trust account at Abu Dhabi Commercial Bank, opened for DLD project 4213, holds payments on 413 registered units.
Verify Portside Square Escrow AccountUpdate Timeline
Other Portside Square Construction Updates
January 2026 opens the Portside Square inspection record; each later reading joins this timeline as its RERA cycle publishes.
Where This Update Fits
Explore Portside Square Structure
This baseline report sits inside a wider record: the Mina Rashid community around plot 488, the developer behind it, and the waterfront listings it will compete with.
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
Ellington Properties: Design-Led Boutique Residences With Curated Interiors
Ellington Properties, founded in 2014, is a design-led developer of apartments, villas and waterfront homes, with 30 developments launched and delivered.
View the Ellington Developer ProfileFAQs
Portside Square Construction Progress in January 2026: Frequently Asked Questions
For the inspection of 12 January 2026, Portside Square (DLD project 4213) stands at 0% construction progress as a DLD Register Reading: the inspection report itself lists its progress status as N/A, and its notes record that no construction activity had started on site. No earlier inspection reading is published in this update series, so January 2026 serves as the baseline for every later comparison.
As of this January 2026 update, Portside Square is scheduled for completion in Q4 2029, close to four years after the 12 January 2026 inspection. Completion dates in the DLD project register can be revised between inspection cycles, and a project starting from a 0% baseline has the longest stretch in which a revision could occur; any change would be reported plainly in a later monthly update. How completion dates are recorded and revised is covered on the Portside Square construction updates hub.
The independent report dated 12 January 2026 found no construction activity at site, so there was no completed work to score and the RERA progress indicator was left as N/A. The DLD project register shows the same 12 January 2026 inspection as a 0% reading for project 4213, and that DLD Register Reading is the figure used on this page.
The inspection photograph in the 12 January 2026 report shows plot 488 as open, level sand with no structures or construction equipment on it, and existing buildings of the surrounding district in the background. The same report describes the planned scope as three residential buildings over a shared ground and podium level, each rising 16 floors plus roof, and a G+P+2 amenities building, with retail, office and restaurant space at ground level.
Under the 70/30 payment plan, 20% is paid at booking together with the 4% DLD registration fee, followed by 10% at 60 days, 10% at 120 days, 5% at 240 days and 5% at 360 days after the reservation date, all fixed by date rather than by site progress. The first construction linked installment, 5%, is due on completion of 20% construction, so from the 0% reading of January 2026, 50% of the price is scheduled on dates that do not depend on the build; the exact dates in your own SPA govern.
The DLD project record, checked in October 2026, lists 01 September 2026 as the construction start date for project 4213, which is after the 12 January 2026 inspection that found the site untouched. Progress from that start will show up in the next published inspection reading, not in this January 2026 baseline.
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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 January 2026 inspection record for Portside Square 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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