License expires Dec 2025
MASHRIQ ELITE REAL ESTATE DEVELOPMENT L.L.C
License #1127609 · Registered 2023 · 16.7% avg completion
01Developer verdict
VERIFY LICENSE
1 completed, 3 under construction. Verify delivery history before committing. Average yield 1.2%. Best performer: Floarea Skies (#139). License renewal due Dec 2025 — verify before committing to under-construction projects.
Top projects by rank: Floarea Skies (#139), Floarea Residence (#257)
02Key numbers
Total projects
6
DLD registered
Completed
1
16.7% done
Under construction
3
in progress
Avg yield
1.2%
below Dubai avg
Sales (12m)
585
transactions
Rent contracts (12m)
149
strong demand
Occupancy
14%
149 / 1,095 units
03Portfolio breakdown
6
projects
Completed1
Under construction3
Pending2
Recent completion track record
Floarea Residencefinished
Floarea Grandein progress
Floarea Vistain progress
Floarea Breezein progress
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| Floarea SkiespendingAl Barsha South Fourth | #139 | — | +5.2% | — | 16.635 | Analyze project → |
| Floarea ResidencefinishedAl Barshaa South Third | #257 | 9.8% | — | — | 13.426 | Analyze project → |
| FLOAREA OASISpendingWadi Al Safa 5 | — | — | — | — | 15.458 | Analyze project → |
| Floarea GrandeactiveAl Barshaa South Third | — | — | — | — | 15.793 | Analyze project → |
| Floarea BreezeactivePalm Deira | — | — | — | — | 20.107 | Analyze project → |
| Floarea VistaactiveJabal Ali First | — | — | — | — | 13.636 | Analyze project → |
06Before you buy from this developer
critical
License expired — do not proceed
License #1127609 expired Dec 2025. Confirm renewal before any commitment.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
MASHRIQ ELITE REAL ESTATE DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.
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