Almaara Residences

1. Is it on schedule?66% built in June 2026, 1 months past its registered May 2026 handover · DLD inspection, 16 Jun 202666%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي الاسلامي (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,560/sqft, 6.5% above the Al Furjan off-plan median across 47 projects+6.5%Context
4. Is it selling?15 off-plan sales registered in the last 12 months, of 56 units; the latest on 16 Jun 202615Context
5. Who is building it?Hamara Home, licence no. 2106Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي الاسلامي (شركة مساهمة عامة)

Developer, as licensed

HAMARA HOME REAL ESTATE DEVELOPMENT L.L.C (no. 2106)

Master developer

Al Furjan

Registered start

November 2024

Configuration

Ground + 2 Podium + 7 + Roof Residential Building with Commercial at ground level

Construction progress is DLD’s inspection of 16 Jun 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Almaara Residences be completed?

The developer registered handover for May 2026; that date has passed with no completion recorded, 1 month on, and the project was 66% built as of June 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 16 Jun 2026.

What does Almaara Residences cost per square foot?

AED 1,560 per sqft, the median of 15 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.78M. That is 6.5% above the Al Furjan off-plan median across 47 projects.

Is Almaara Residences in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Almaara Residences?

HAMARA HOME REAL ESTATE DEVELOPMENT L.L.C, licence no. 2106, by the register’s own licence number; the master developer that owns the land is Al Furjan. Dubai Land Department project register as of July 2026.

How many units does Almaara Residences have?

56 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.