Varazze Tower construction progress
Varazze Tower is 92% built at the Land Department inspection of June 2026. Developer Olgana Real Estate Development. Completion registered for February 2024.
92%
Built, at the Land Department site inspection of 22 June 2026
32 months past its registered completion date
- Completion date (Land Department)
- February 2024
- Finish at recent pace
- January 2039
- Construction started
- September 2022
- Registered with the Land Department
- September 2022
- Developer
- Olgana Real Estate Development
- Units
- 242
- Escrow bank
- Abu Dhabi Islamic Bank
- Name in Arabic
- فاراتسي تاور
- Land Department project number
- 138
- Land Department site inspections
- 14
Schedule
Varazze Tower was registered to complete in February 2024, 32 months ago, and is still under construction. Over the last year of inspections it has added about 0.1 points a month. Kept at that rate, the site would reach 100% around January 2039.
Site inspections
22 June 2026
92%+1.2 pts
19 September 2024
90%+10 pts
1 May 2024
80%+4.3 pts
5 December 2023
76%+0.7 pts
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24 June 2020
75%+0.1 pts
11 March 2019
75%+4.8 pts
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13 August 2017
70%+9.1 pts
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5 December 2016
61%+18 pts
30 May 2016
43%+11 pts
21 January 2016
32%+6.8 pts
Context
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Notify me when it launchesQuestions
- When will Varazze Tower be completed?
- The completion date registered with the Dubai Land Department is February 2024. At the pace of its recent inspections the site would reach 100% around January 2039. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Varazze Tower is built?
- 92%, measured at the Land Department site inspection on 22 June 2026. The Land Department engineers have inspected the site 14 times since September 2013.
- Is Varazze Tower delayed?
- Yes. Its registered completion date of February 2024 has passed and the Land Department still lists it as under construction.
- Who is building Varazze Tower?
- The registered developer is Olgana Real Estate Development.
- Which bank holds the escrow account for Varazze Tower?
- 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.