Olbia construction progress
Olbia in Town Square is 0% built at the Land Department inspection of April 2026. Developer Nshama Properties. Completion registered for May 2028.
0%
Built, at the Land Department site inspection of 25 April 2026
Running behind its date
- Completion date (Land Department)
- May 2028
- Construction started
- January 2026
- Registered with the Land Department
- May 2025
- Developer
- Nshama Properties
- Community
- Town Square
- Units
- 156
- Escrow bank
- First Abu Dhabi Bank
- Name in Arabic
- أولبيا
- Land Department project number
- 3749
- Land Department site inspections
- 2
Schedule
Site inspections
25 April 2026
0%
14 May 2025
0%
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Context
Town Square has 19 projects under construction, 30% built on average.
Nshama Properties has 23 projects under construction in Dubai, none past their registered completion dates.
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Notify me when it launchesQuestions
- When will Olbia be completed?
- The completion date registered with the Dubai Land Department is May 2028. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Olbia is built?
- 0%, measured at the Land Department site inspection on 25 April 2026. The Land Department engineers have inspected the site 2 times since May 2025.
- Is Olbia delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of May 2028.
- Who is building Olbia?
- The registered developer is Nshama Properties. It has 22 other projects under construction in Dubai.
- Which bank holds the escrow account for Olbia?
- First Abu Dhabi 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.