License expires Jul 2026
OBJ1 REAL ESTATE DEVELOPMENT L.L.C
License #1190499 · Registered 2024 · 0% avg completion
01Developer verdict
VERIFY
0 completed, 5 under construction. Verify delivery history before committing. Best performer: EVERGRIN HOUSE (#39). License renewal due Jul 2026 — verify before committing to under-construction projects.
Top projects by rank: EVERGRIN HOUSE (#39), EVERGRIN HOUSE 2 (#234), VERDANIA 1 (#341)
02Key numbers
Total projects
12
DLD registered
Completed
0
0% done
Under construction
5
in progress
Sales (12m)
911
transactions
Rent contracts (12m)
0
strong demand
Occupancy
0%
0 / 1,624 units
03Portfolio breakdown
12
projects
Completed0
Under construction5
Pending7
Recent completion track record
EVERGRIN HOUSEin progress
Luminar Tower 12026
Luminar Tower 2in progress
VERDANIA 1in progress
Luminar Tower 3in progress
04Risk assessment
caution
License expires before handover
License #1190499 expires Jul 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| EVERGRIN HOUSEactiveAl Satwa | #39 | — | +177.9% | — | 18.913 | Analyze project → |
| EVERGRIN HOUSE 2pendingAl Satwa | #234 | — | +0.3% | — | 26.045 | Analyze project → |
| VERDANIA 1activeWadi Al Safa 5 | #341 | — | +1.1% | — | 15.209 | Analyze project → |
| VIVID TOWERpendingAl Barsha South Fifth | #1264 | — | -6.0% | — | 15.423 | Analyze project → |
| Luminar Tower 3activeAl Barsha South Fifth | #1337 | — | -20.9% | — | 14.484 | Analyze project → |
| Luminar Tower 1activeAl Barsha South Fifth | #1569 | — | -18.8% | — | 16.392 | Analyze project → |
| —pendingWadi Al Safa 5 | — | — | — | — | 0 | Analyze project → |
| —pendingAl Barsha South Fourth | — | — | — | — | 0 | Analyze project → |
| Luminar Tower 2activeAl Barsha South Fifth | — | — | — | — | 15.605 | Analyze project → |
| VERDANIA 2pendingWadi Al Safa 5 | — | — | — | — | 15.033 | Analyze project → |
| VISTARA HOUSE 2pendingJabal Ali First | — | — | — | — | 15.434 | Analyze project → |
| lridian Park 1pendingAl Barsha South Fourth | — | — | — | — | 15.084 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #1190499 expires Jul 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
OBJ1 REAL ESTATE DEVELOPMENT L.L.C has 0 completed projects. Completed projects carry lower developer risk than off-plan.
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