When will Luminar Tower 2 be completed?

The completion date registered with the Dubai Land Department is October 2026. At the pace of its recent inspections the site would reach 100% around August 2030. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Luminar Tower 2 is built?

31%, measured at the Land Department site inspection on 30 July 2026. The Land Department engineers have inspected the site 6 times since September 2024.

Is Luminar Tower 2 delayed?

It is running behind. At the rate of the last year it would finish more than three months after its registered date of October 2026.

Who is building Luminar Tower 2?

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

Which bank holds the escrow account for Luminar Tower 2?

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.

Luminar Tower 2 construction progress

Luminar Tower 2 in Jumeirah Village Triangle is 31% built at the Land Department inspection of July 2026. Developer Obj1 Real Estate Development. Completion registered for October 2026.

31%

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

Running behind its date

Completion date (Land Department): October 2026
Finish at recent pace: August 2030
Construction started: August 2024
Registered with the Land Department: October 2024
Developer: Obj1 Real Estate Development
Community: Jumeirah Village Triangle
Units: 168
Escrow bank: Abu Dhabi Islamic Bank
Name in Arabic: لومينار تاور تو
Land Department project number: 3298
Land Department site inspections: 6

Schedule

Between December 2025 and July 2026 the site added about 1.4 points a month. At that rate it would finish around August 2030, more than three months after the October 2026 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

31%+8.0 pts

28 April 2026

23%+2.9 pts

11 December 2025

20%+7.2 pts

8 July 2025

13%+6.2 pts

17 February 2025

6.4%+6.4 pts

18 September 2024

All 23 site photos, by inspection date

Context

Jumeirah Village Triangle has 31 projects under construction, 28% 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 Luminar Tower 2 be completed?: The completion date registered with the Dubai Land Department is October 2026. At the pace of its recent inspections the site would reach 100% around August 2030. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
How much of Luminar Tower 2 is built?: 31%, measured at the Land Department site inspection on 30 July 2026. The Land Department engineers have inspected the site 6 times since September 2024.
Is Luminar Tower 2 delayed?: It is running behind. At the rate of the last year it would finish more than three months after its registered date of October 2026.
Who is building Luminar Tower 2?: The registered developer is Obj1 Real Estate Development. It has 13 other projects under construction in Dubai.
Which bank holds the escrow account for Luminar Tower 2?: 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.