Ozone 1 Residence construction progress
Ozone 1 Residence in Jumeirah Village Circle is 57% built at the Land Department inspection of July 2026. Developer Object One Real Estate Development.
57%
Built, at the Land Department site inspection of 14 July 2026
- Finish at recent pace
- June 2028
- Construction started
- January 2024
- Registered with the Land Department
- April 2024
- Developer
- Object One Real Estate Development
- Community
- Jumeirah Village Circle
- Units
- 272
- Escrow bank
- Abu Dhabi Islamic Bank
- Name in Arabic
- اوزون 1 ريزيدنس
- Land Department project number
- 2977
- Land Department site inspections
- 7
Schedule
Since September 2025 Ozone 1 Residence has added about 1.9 points a month. At that rate the site reaches 100% around June 2028. The Land Department has no completion date on record to compare it with.
Site inspections
14 July 2026
57%+3.1 pts
7 May 2026
54%+6.0 pts
24 December 2025
48%+8.8 pts
23 September 2025
39%+12 pts
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3 June 2025
27%+17 pts
10 October 2024
11%+11 pts
4 March 2024
0%
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Context
Jumeirah Village Circle has 119 projects under construction, 40% built on average.
Object One Real Estate Development has 13 projects under construction in Dubai; 1 has passed its registered completion date.
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Notify me when it launchesQuestions
- When will Ozone 1 Residence be completed?
- The Land Department has no completion date on record for Ozone 1 Residence yet.
- How much of Ozone 1 Residence is built?
- 57%, measured at the Land Department site inspection on 14 July 2026. The Land Department engineers have inspected the site 7 times since March 2024.
- Who is building Ozone 1 Residence?
- The registered developer is Object One Real Estate Development. It has 12 other projects under construction in Dubai.
- Which bank holds the escrow account for Ozone 1 Residence?
- 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.
- 1wood ResidenceAlso by Object One Real Estate Development. 94%.
- Winner TowerAlso by Object One Real Estate Development. 28%.
- The Fifth TowerAlso by Object One Real Estate Development. 50%, Due July 2026, passed.
- Vistara HouseAlso by Object One Real Estate Development. 7.0%, Due March 2027.
- German Supreme Tower 2Nearby in Jumeirah Village Circle. 42%, Due January 2013, passed.
- Serenity Lakes 2Nearby in Jumeirah Village Circle. 50%, Due November 2025, passed.
- Dusit Princess RijasNearby in Jumeirah Village Circle. 64%, Due April 2027.
- Samana WavesNearby in Jumeirah Village Circle. 90%, Due April 2026, passed.
- 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.