When will Verdania 1 be completed?

The completion date registered with the Dubai Land Department is March 2027. At the pace of its recent inspections the site would reach 100% around November 2031. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Verdania 1 is built?

17%, measured at the Land Department site inspection on 18 June 2026. The Land Department engineers have inspected the site 4 times since May 2025.

Is Verdania 1 delayed?

It is running behind. At the rate of the last year it would finish more than three months after its registered date of March 2027.

Who is building Verdania 1?

The registered developer is Obj1 Real Estate Development. It has 13 other projects under construction in Dubai.

Which bank holds the escrow account for Verdania 1?

Abu Dhabi Islamic 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.

Verdania 1 construction progress

Verdania 1 in Dubai Land Residence Complex is 17% built at the Land Department inspection of June 2026. Developer Obj1 Real Estate Development. Completion registered for March 2027.

17%

Built, at the Land Department site inspection of 18 June 2026

Running behind its date

Completion date (Land Department): March 2027
Finish at recent pace: November 2031
Construction started: March 2025
Registered with the Land Department: June 2025
Developer: Obj1 Real Estate Development
Community: Dubai Land Residence Complex
Units: 208
Escrow bank: Abu Dhabi Islamic Bank
Name in Arabic: فيردانيا 1
Land Department project number: 3543
Land Department site inspections: 4

Schedule

Between July 2025 and June 2026 the site added about 1.3 points a month. At that rate it would finish around November 2031, more than three months after the March 2027 date registered with the Land Department.

Progress at each Land Department site inspectionStraight line from start to the Land Department completion date

Site inspections

18 June 2026

17%+4.4 pts

24 February 2026

12%+9.3 pts

28 July 2025

3.0%+3.0 pts

26 May 2025

All 16 site photos, by inspection date

Context

Dubai Land Residence Complex has 65 projects under construction, 24% built on average.

Obj1 Real Estate Development has 14 projects under construction in Dubai; 1 has passed its registered completion date.

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Questions

When will Verdania 1 be completed?: The completion date registered with the Dubai Land Department is March 2027. At the pace of its recent inspections the site would reach 100% around November 2031. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Verdania 1 is built?: 17%, measured at the Land Department site inspection on 18 June 2026. The Land Department engineers have inspected the site 4 times since May 2025.
Is Verdania 1 delayed?: It is running behind. At the rate of the last year it would finish more than three months after its registered date of March 2027.
Who is building Verdania 1?: The registered developer is Obj1 Real Estate Development. It has 13 other projects under construction in Dubai.
Which bank holds the escrow account for Verdania 1?: Abu Dhabi Islamic 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.

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.