The Melgrano

A seven-storey building on the Jumeirah bank with handover stated for December 2026. The least established developer on the street — and the main reason to look at this one harder than the rest.

What is known

The Melgrano is built by The Melgrano Real Estate Development. The factsheet describes a seven-storey residential building in Jumeirah 2, standing directly on the water. The Land Department puts the construction value at AED 220 million.

The project timeline reads like this: first traces in the documents in August 2023, works starting in November 2024, stated completion December 2026. More than a year passed between the project appearing and the site starting.

No architect is recorded on the factsheet, and neither the unit mix nor the finish specification is fixed there. That does not mean they do not exist — it means no independent record of them exists yet, and everything you hear will be the seller’s word.

For scale against the street: an AED 220 million budget is the level of Mr. C Residences (AED 221 million), a building of 27 apartments. On that measure the project does not stand out from its neighbours in either direction.

The real question is the developer

The firms working this waterfront are of very different weight. Damac and H&H have dozens of delivered buildings and public reporting behind them. AHS Properties has two buildings here and a claimed AED 3 billion in sales. Four Seasons is a global brand with its own operations.

The Melgrano Real Estate Development, in that company, is a firm with no visible record of delivered housing in Dubai. That is not a verdict: new developers finish projects regularly, and the UAE escrow system exists precisely for this case. But the checks here have to be stricter than next door.

Specifically: the building permit and the project’s registration with the Land Department; the escrow account number and confirmation that money goes into it; the current percentage of completion from the official report rather than from site photographs; and what the contract records about delay and about work stopping.

And separately — who the main contractor is. Sea Mirror next door names its contractor (Al Shafar Engineering) and that is a checkable fact; here there is no such record, and a contractor’s name tells you as much about a project as the developer’s.

Location and cases

The address is Jumeirah 2, the northern bank, between The Rings and the Canal Front Residences blocks. Around it is old Jumeirah: villas, schools, a beach a couple of minutes away and Downtown ten minutes off.

This bank is the dearer one: deals on the Jumeirah side cleared several times higher than in Al Wasl. Buying under construction here is a bet that the gap survives to handover.

The case the project fits is a single one: entry to an expensive address at construction pricing, with the willingness to wait until December 2026 and full awareness that the risk here is above the street average. Anyone who needs a predictable outcome has completed alternatives on the same waterfront — Four Seasons Private Residences, Mr. C and Eden House The Canal.

The Melgrano factsheet on propsearch and the Dubai Land Department construction valuation. Comparisons with neighbours come from their propsearch factsheets.