When will The Fifth Tower be completed?

The completion date registered with the Dubai Land Department is July 2026. At the pace of its recent inspections the site would reach 100% around June 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of The Fifth Tower is built?

50%, measured at the Land Department site inspection on 4 August 2026. The Land Department engineers have inspected the site 6 times since July 2024.

Is The Fifth Tower delayed?

Yes. Its registered completion date of July 2026 has passed and the Land Department still lists it as under construction.

Who is building The Fifth Tower?

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 The Fifth 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.

The Fifth Tower construction progress

The Fifth Tower in Jumeirah Village Circle is 50% built at the Land Department inspection of August 2026. Developer Object One Real Estate Development. Completion registered for July 2026.

50%

Built, at the Land Department site inspection of 4 August 2026

3 months past its registered completion date

Completion date (Land Department): July 2026
Finish at recent pace: June 2029
Construction started: March 2024
Registered with the Land Department: July 2024
Developer: Object One Real Estate Development
Community: Jumeirah Village Circle
Units: 345
Escrow bank: Abu Dhabi Islamic Bank
Name in Arabic: البرج الخامس
Land Department project number: 3048
Land Department site inspections: 6

Schedule

The Fifth Tower was registered to complete in July 2026, 3 months ago, and is still under construction. Over the last year of inspections it has added about 1.4 points a month. Kept at that rate, the site would reach 100% around June 2029.

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

Site inspections

4 August 2026

50%+5.0 pts

17 April 2026

45%+7.7 pts

6 November 2025

38%+12 pts

3 June 2025

26%+11 pts

21 January 2025

15%+15 pts

2 July 2024

All 47 site photos, by inspection date

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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Questions

When will The Fifth Tower be completed?: The completion date registered with the Dubai Land Department is July 2026. At the pace of its recent inspections the site would reach 100% around June 2029. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of The Fifth Tower is built?: 50%, measured at the Land Department site inspection on 4 August 2026. The Land Department engineers have inspected the site 6 times since July 2024.
Is The Fifth Tower delayed?: Yes. Its registered completion date of July 2026 has passed and the Land Department still lists it as under construction.
Who is building The Fifth Tower?: 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 The Fifth 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.