Skyhills I by HRE

1. Is it on schedule?The Land Department recorded it cancelled in February 2023CancelledContext
2. Is my money protected?The register named the escrow agent: مصرف الشارقه الاسلامىEscrowContext
3. Is the price fair?AED 1,542/sqft, 12.8% below the Dubai Science Park off-plan median across 11 projects-12.8%Context
4. Is it selling?42 off-plan sales registered in the last 12 months, of 1,135 units; the latest on 10 Jul 202642Context
5. Who is building it?Hre, licence no. 1669Context

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

مصرف الشارقه الاسلامى

Developer, as licensed

HRE REAL ESTATE DEVELOPMENT L.L.C (no. 1669)

Master developer

TECOM Investments

Registered start

October 2023

Configuration

Proposed building consist of ((2B+G+M+3P : COMMON)+two towers (1.residential apartments 42 floors)and (2.serviced apartments 35 floors)) located at Albarsha South Second 672-0 ,plot no 71, the project designed of concrete structure with internal and external finishes.

The register’s last state before the cancellation recorded in February 2023. 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 Skyhills I by HRE be completed?

It is not due to complete: the Land Department recorded Skyhills I by HRE as cancelled in February 2023. Dubai Land Department project register as of July 2026.

What does Skyhills I by HRE cost per square foot?

AED 1,542 per sqft, the median of 42 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 974,889. That is 12.8% below the Dubai Science Park off-plan median across 11 projects.

Is Skyhills I by HRE in escrow?

Yes: the Land Department register names مصرف الشارقه الاسلامى 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 Skyhills I by HRE?

HRE REAL ESTATE DEVELOPMENT L.L.C, licence no. 1669, by the register’s own licence number; the master developer that owns the land is TECOM Investments. Dubai Land Department project register as of July 2026.

How many units does Skyhills I by HRE have?

1,135 registered units, of which 1,135 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.