Olivia Residences

1. Is it on schedule?38% built in September 2026, 6 months past its registered March 2026 handover · DLD inspection, 12 Sept 202638%Context
2. Is my money protected?Payments go to an escrow account at بنك أبوظبي الأول ش.م.ع., as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,028/sqft, 2.4% below the Dubai Investment Park 1 off-plan median across 11 projects-2.4%Context
4. Is it selling?14 off-plan sales registered in the last 12 months, of 229 units; the latest on 8 Oct 202614Context
5. Who is building it?Karma, licence no. 1613Context

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 أبوظبي الأول ش.م.ع.

Developer, as licensed

KARMA REAL ESTATE DEVELOPMENT L.L.C (no. 1613)

Master developer

Dubai Investments Park Development

Registered start

October 2023

Configuration

B+G+6F+ROOF,Residentia.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 12 Sept 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 Olivia Residences be completed?

The developer registered handover for March 2026; that date has passed with no completion recorded, 6 months on, and the project was 38% built as of September 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 12 Sept 2026.

What does Olivia Residences cost per square foot?

AED 1,028 per sqft, the median of 14 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.13M. That is 2.4% below the Dubai Investment Park 1 off-plan median across 11 projects.

Is Olivia Residences in escrow?

Yes: the Land Department register names بنك أبوظبي الأول ش.م.ع. 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 Olivia Residences?

KARMA REAL ESTATE DEVELOPMENT L.L.C, licence no. 1613, by the register’s own licence number; the master developer that owns the land is Dubai Investments Park Development. Dubai Land Department project register as of July 2026.

How many units does Olivia Residences have?

229 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.