Olivia Residences construction progress
Olivia Residences in Dubai Investment Park First is 38% built at the Land Department inspection of September 2026. Developer Karma Real Estate Development. Completion registered for December 2026.
38%
Built, at the Land Department site inspection of 21 September 2026
Running behind its date
- Completion date (Land Department)
- December 2026
- Finish at recent pace
- February 2029
- Construction started
- October 2023
- Registered with the Land Department
- October 2023
- Developer
- Karma Real Estate Development
- Community
- Dubai Investment Park First
- Units
- 231
- Escrow bank
- First Abu Dhabi Bank
- Name in Arabic
- اوليفيا ريزيدنسز
- Land Department project number
- 2752
- Land Department site inspections
- 8
Schedule
Between February 2026 and September 2026 the site added about 2.1 points a month. At that rate it would finish around February 2029, more than three months after the December 2026 date registered with the Land Department.
Site inspections
21 September 2026
38%+7.4 pts
13 May 2026
31%+8.6 pts
5 February 2026
22%+9.9 pts
3 September 2025
12%+9.0 pts
4 April 2025
3.3%+0.5 pts
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17 December 2024
2.8%+0.1 pts
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11 September 2024
2.7%+2.7 pts
29 August 2023
0%
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Context
Dubai Investment Park First has 9 projects under construction, 44% built on average.
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Notify me when it launchesQuestions
- When will Olivia Residences be completed?
- The completion date registered with the Dubai Land Department is December 2026. At the pace of its recent inspections the site would reach 100% around February 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Olivia Residences is built?
- 38%, measured at the Land Department site inspection on 21 September 2026. The Land Department engineers have inspected the site 8 times since August 2023.
- Is Olivia Residences delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of December 2026.
- Who is building Olivia Residences?
- The registered developer is Karma Real Estate Development.
- Which bank holds the escrow account for Olivia Residences?
- First Abu Dhabi Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Verdana (Phase 1)Nearby in Dubai Investment Park First. 95%, Due December 2025, passed.
- Verdana(Phase 2)Nearby in Dubai Investment Park First. 94%.
- Verdana ResidenceNearby in Dubai Investment Park First. 96%, Due December 2025, passed.
- Verdana 2Nearby in Dubai Investment Park First. 56%.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.