When will Elaris Rise be completed?

The completion date registered with the Dubai Land Department is September 2028. At the pace of its recent inspections the site would reach 100% around July 2081. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Elaris Rise is built?

1.7%, measured at the Land Department site inspection on 30 July 2026. The Land Department engineers have inspected the site 3 times since August 2025.

Is Elaris Rise delayed?

It is running behind. At the rate of the last year it would finish more than three months after its registered date of September 2028.

Who is building Elaris Rise?

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 Elaris Rise?

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.

Elaris Rise construction progress

Elaris Rise in Jumeirah Village Triangle is 1.7% built at the Land Department inspection of July 2026. Developer Object One Real Estate Development. Completion registered for September 2028.

1.7%

Built, at the Land Department site inspection of 30 July 2026

Running behind its date

Completion date (Land Department): September 2028
Finish at recent pace: July 2081
Construction started: October 2025
Registered with the Land Department: October 2025
Developer: Object One Real Estate Development
Community: Jumeirah Village Triangle
Units: 214
Escrow bank: Abu Dhabi Islamic Bank
Name in Arabic: إيلاريس رايز
Land Department project number: 4018
Land Department site inspections: 3

Schedule

Between August 2025 and July 2026 the site added about 0.1 points a month. At that rate it would finish around July 2081, more than three months after the September 2028 date registered with the Land Department.

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

Site inspections

30 July 2026

1.7%+1.7 pts

23 April 2026

0%+0.0 pts

21 August 2025

All 8 site photos, by inspection date

Context

Jumeirah Village Triangle has 31 projects under construction, 28% 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 Elaris Rise be completed?: The completion date registered with the Dubai Land Department is September 2028. At the pace of its recent inspections the site would reach 100% around July 2081. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Elaris Rise is built?: 1.7%, measured at the Land Department site inspection on 30 July 2026. The Land Department engineers have inspected the site 3 times since August 2025.
Is Elaris Rise delayed?: It is running behind. At the rate of the last year it would finish more than three months after its registered date of September 2028.
Who is building Elaris Rise?: 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 Elaris Rise?: 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.