Marina Heights Tower (PRJ-2026-001)
Dubai Marina, Plot 392-104 · RERA Project Registry #1842 · G+4P+42F Luxury Tower
DLD Stage: 68.0% Certified
Approved Capex Budget
AED 450,000,000.00
Actual Incurred: AED 284.5M (63%)
Total Real Estate Units
240 Units
182 Sold · 24 Reserved · 34 Open
RERA Escrow Trust Balance
AED 142,850,210.00
Emirates NBD Escrow #0192840192
Target Handover Date
30-Jun-2027
DLD 1-Year Grace until 30-Jun-2028
Dubai Land Department Construction Audit Timeline
Official site inspection records and certified stages| Milestone Code | Stage Scope | Target % | Inspection Result | DLD Certification Ref | Escrow Released | Status |
|---|---|---|---|---|---|---|
MS-01 |
Piling, Shoring & Deep Foundation | 10.0% | Passed (100% compliant) | DLD-INSP-2024-8812 | AED 45,000,000.00 | Certified |
MS-02 |
Raft Slab & Basement Retaining Walls | 20.0% | Passed (100% compliant) | DLD-INSP-2024-9410 | AED 45,000,000.00 | Certified |
MS-03 |
Podium Levels P1 to P4 Slabs Complete | 35.0% | Passed (100% compliant) | DLD-INSP-2025-1104 | AED 67,500,000.00 | Certified |
MS-04 |
Level 24 Typical Floor Slab Complete | 60.0% | Passed (68% actual) | DLD-INSP-2026-4491 | AED 112,500,000.00 | Certified |
MS-05 |
Superstructure Top-Out (Level 42 Roof Slab) | 80.0% | In Progress (Level 31 casting) | Pending Site Audit | AED 0.00 | Current Active Stage |
Real Estate Unit Allocation Status
View Full Inventory Matrix| Unit Type | Count | Average Size (Sq Ft) | Average Base Price | Booked / Sold | Reserved (48h) | Available |
|---|---|---|---|---|---|---|
| 1 Bedroom Marina View | 96 Units | 820 sq ft | AED 1,450,000.00 | 84 Sold | 6 Reserved | 6 Available |
| 2 Bedroom Sea View | 84 Units | 1,240 sq ft | AED 2,150,000.00 | 68 Sold | 12 Reserved | 4 Available |
| 3 Bedroom Penthouse / Sky Villa | 48 Units | 2,450 sq ft | AED 4,850,000.00 | 30 Sold | 6 Reserved | 12 Available |
| Retail / F&B Promenade | 12 Units | 1,800 sq ft | AED 5,200,000.00 | 0 Sold | 0 Reserved | 12 Available |
Contractors & Consultants Register
View Construction Contracts| Contract ID | Entity / Vendor | Role | Contract Value | Retention Held (10%) | DLP Period | Status |
|---|---|---|---|---|---|---|
| CNT-2024-001 | Arabtec Contracting LLC | Main Civil Contractor | AED 280,000,000.00 | AED 28,000,000.00 | 365 Days post BCC | Active |
| CNT-2024-002 | Arkiplan International Consultants | Lead Engineering Consultant | AED 18,500,000.00 | AED 0.00 | Until Handover | Active |
| CNT-2024-003 | BK Gulf MEP Services LLC | Electro-Mechanical (MEP) Subcontractor | AED 64,000,000.00 | AED 6,400,000.00 | 730 Days mutual | Active |
Project Capex Budget vs Actual Variance
| Cost Center / Category | Approved Budget | Committed (POs/Contracts) | Actual Incurred | Variance / Remaining |
|---|---|---|---|---|
| Land Acquisition & DLD 4% Transfer Fees | AED 95,000,000.00 | AED 95,000,000.00 | AED 95,000,000.00 | AED 0.00 |
| Civil & Structural Works | AED 210,000,000.00 | AED 210,000,000.00 | AED 142,800,000.00 | AED 67,200,000.00 |
| MEP Engineering & Systems | AED 65,000,000.00 | AED 64,000,000.00 | AED 24,500,000.00 | AED 40,500,000.00 |
| Consultancy, Supervision & Approvals | AED 25,000,000.00 | AED 18,500,000.00 | AED 12,200,000.00 | AED 12,800,000.00 |
| Project Contingency Buffer (12%) | AED 55,000,000.00 | AED 5,000,000.00 | AED 10,000,000.00 | AED 45,000,000.00 |
| Total Project Capex | AED 450,000,000.00 | AED 392,500,000.00 | AED 284,500,000.00 | AED 165,500,000.00 |