Floarea Skies

1. Is it on schedule?0% built in July 2026 against a December 2028 handover: 100% left to build in 29 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك ابوظبى التجارى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,495/sqft, 5.1% below the Jumeirah Village Circle off-plan median across 154 projects-5.1%Context
4. Is it selling?160 off-plan sales registered in the last 12 months, of 192 units; the latest on 9 Oct 2026160Context
5. Who is building it?Mashriq Elite, licence no. 1542Context

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 ابوظبى التجارى

Developer, as licensed

MASHRIQ ELITE REAL ESTATE DEVELOPMENT L.L.C (no. 1542)

Master developer

Jumeirah Village

Registered start

August 2025

Configuration

Residential Building (G+4P+16+Roof)

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. 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 Floarea Skies be completed?

The developer registered handover for December 2028, 29 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Floarea Skies cost per square foot?

AED 1,495 per sqft, the median of 160 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.15M. That is 5.1% below the Jumeirah Village Circle off-plan median across 154 projects.

Is Floarea Skies in escrow?

Yes: the Land Department register names بنك ابوظبى التجارى 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 Floarea Skies?

MASHRIQ ELITE REAL ESTATE DEVELOPMENT L.L.C, licence no. 1542, by the register’s own licence number; the master developer that owns the land is Jumeirah Village. Dubai Land Department project register as of July 2026.

How many units does Floarea Skies have?

192 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.