# Marea Residences

URL: https://www.dxbrealtor.ai/projects/marea/
Developer: Sharafi Development
Area: Dubai Islands
Home types: 1 to 3 bedroom apartments and penthouses
Updated: 2026-10-11

Marea Residences by Sharafi Development on Dubai Islands: DLD registered completion date of 20 June 2027, 5.33% built in June 2026, prices from AED 2.74 million and the 40/30/30 post-handover plan.

## Key facts

- Registered completion date: 20 Jun 2027 (DLD register via Continental Club)
- Construction progress: 5.33% (DLD inspection, 10 Jun 2026)
- Starting price: AED 2.74 million (Sharafi Development, accessed 11 Oct 2026)
- Units: 68 (DLD register; JRE lists 67)

## When will Marea Residences be handed over?

The Dubai Land Department (DLD) register holds a completion date of 20 June 2027 for Marea, the register name for Marea Residences. Sharafi Development's own website gives Q3 2027. Its press release of 2 June 2026, published by Zawya and Gulf Construction Online, gave Q4 2027.

The register date looks hard to meet. At the last DLD inspection, on 10 June 2026, the building was 5.33% complete, with about a year left to the registered date. The developer's later quarters, or a later date still, are more likely than June 2027.

Building-by-building dates and how the date has changed: [Marea Residences handover date](/answers/marea-handover-date/).

## Marea Residences construction update

Construction was registered as starting on 20 July 2025. DLD inspections recorded 0% on 4 August 2025, 3.52% on 4 February 2026 and 5.33% on 10 June 2026. No newer inspection appears in the register as updated on 8 October 2026 (Continental Club). The escrow account is with Emirates NBD, under DLD project number 3879.

The building is planned as ground, two parking levels, 12 residential floors and a roof, with a pool and gym on the first floor.

## Marea Residences homes and sizes

Marea has 68 units in the DLD register. JRE lists 67 semi-furnished apartments. Most are 2 bedroom homes.

| Home type | Units (DLD) | Size |
|---|---|---|
| 1 bedroom | 1 | 1,322 sq ft |
| 2 bedroom | 65 | 1,245 to 2,628 sq ft |
| 3 bedroom | 2 | 3,546 to 3,563 sq ft |

Sizes and counts are from the DLD register via Continental Club. Sharafi markets the top units as a 2 and 3 bedroom penthouse collection from AED 7.8 million (OPR).

## Marea Residences prices and resale

Sharafi Development lists prices from AED 2.74 million (accessed 11 October 2026). Gulf News quoted 1 bedroom homes from AED 2.6 million at launch, and JRE lists a range of AED 2.75 million to AED 9.14 million.

DLD records six sales of 2 bedroom units between 16 December 2025 and 28 September 2026, from about AED 2.85 million to AED 3.47 million. The most recent, on 28 September 2026, was a 1,237 sq ft unit at AED 2,848,026, about AED 2,302 per sq ft. Sales were recorded before the formal launch announced in May 2026.

JRE puts the service charge at AED 20 per sq ft a year.

## Marea Residences payment plan

Gulf News and broker pages describe a 40/30/30 plan with a post-handover element:

1. 10% on booking, plus the 4% DLD fee.
2. 30% during construction.
3. 30% on handover.
4. 30% after handover, paid as 5% every four months over two years (OPR).

Sharafi's 2 June 2026 release also mentioned a 30/70 plan and a 50/50 option with payments running two years past completion. Gulf News reported two years of free property management and one year of free maintenance after handover.

## Marea Residences developer and delivery record

Sharafi Development is the property arm of Sharafi Group Investments, an Emirati family group with interests in hospitality, facilities management and contracting. The DLD register names the developer as Sharafi Real Estate Development. No public record of earlier Sharafi residential projects delivered against their launch dates was found. Metropolitan Premium Properties is the sole sales partner (Gulf News).

The building sits within [Dubai Islands](/projects/dubai-islands/), the Nakheel master community off Deira.

## What to check before buying at Marea Residences

1. **The completion date in the SPA.** The register says 20 June 2027 while the developer quotes Q3 or Q4 2027.
2. **The latest DLD inspection figure.** Progress was 5.33% in June 2026. Check the DLD project status service for a newer reading.
3. **Which plan applies to the unit.** Three different plans have been published, and the post-handover share changes what is owed after the keys.
4. **The size basis.** Some broker pages quote larger sizes than the DLD register for the same unit type.

## Sources

- Continental Club, Marea (DLD register), DLD inspection 10 Jun 2026; registry updated 8 Oct 2026: https://continentalclub.ae/project/marea-dubai-islands/
- Continental Club, Dubai projects handing over in 2027, accessed 11 Oct 2026: https://continentalclub.ae/handover-2027/
- Sharafi Development, Marea Residences, accessed 11 Oct 2026: https://sharafidevelopment.com/
- Zawya, Sharafi Group Investments debuts MAREA Residences on Dubai Islands, 2 Jun 2026: https://www.zawya.com/en/press-release/companies-news/sharafi-group-investments-debuts-marea-residences-on-dubai-islands-338203
- Gulf News (Reach), Sharafi Development launches Marea Residences on Dubai Islands, 2026: https://gulfnews.com/business/property/sharafi-development-sets-a-new-standard-in-waterfront-living-with-marea-residences-on-dubai-islands-1.500346321
- OPR, MAREA Residences payment plan, accessed 11 Oct 2026: https://opr.ae/projects/marea-residences-sharafi-dubai-islands
- JRE, Marea Residences, accessed 11 Oct 2026: https://jre.ae/projects/marea-residences