Portside Square

At the point of Dubai Land Department registration on 5 August 2026, the escrow account was recorded as not yet open — while the project was already being marketed with prices across multiple broker sites. Escrow accounts usually open within weeks of registration, so this may well have changed since. The action for you is unchanged: ask for the escrow account number in writing and verify it against the DLD register before transferring any money. Until escrow is open, a payment is not protected by the mechanism the law created for off-plan buyers.

Both, depending on which record you read. Marketing places it at Mina Rashid; the DLD registers it under the cadastral name Madinat Dubai Almelaheyah, which is Dubai Maritime City. These are adjacent parts of the same regenerated port district, so neither description is wrong — but check the title deed for the registered community name, since that is what governs.

428 units in total. The DLD file describes three residential buildings sharing a podium, each of 16 floors, plus a separate office building and an amenities block, with a declared project value of AED 350 million.

Marketing quotes from AED 2.3 million, covering studios through to four-bedroom penthouses. At that entry point gross rental yields will sit well below the 7–8% available in Dubai's mid-market communities — this is a capital-appreciation and lifestyle purchase, not a cash-flow one.

Marketing quotes Q4 2029 and the DLD registry records 31 December 2029, so the two agree. Construction is registered as starting 5 August 2026, meaning over three years of market exposure before you hold the asset.

Ellington Properties, registered for this project under the special-purpose entity Ellington PCFC MR Development L.L.C. Ellington has a genuine delivery record and a design reputation that supports resale, which is a meaningful advantage over the volume builders launching alongside it.

The durable arguments are a credible developer and marina-adjacent waterfront in a regenerating district — shoreline cannot be replicated by later supply. The counterweights are a yield well below mid-market Dubai, a 2029 handover carrying three years of market risk, and the escrow point above. It suits a long-hold buyer who verifies escrow properly first, not someone chasing rental income.