Luminar Tower 1

1. Is it on schedule?33% built in July 2026 against a October 2026 handover: 67% left to build in 3 months · DLD inspection, 22 Jul 202633%Context
2. Is my money protected?Payments go to an escrow account at مصرف ابوظبى الاسلامى, as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,502/sqft, 11.1% below the Jumeirah Village Triangle off-plan median across 40 projects-11.1%Context
4. Is it selling?28 off-plan sales registered in the last 12 months, of 196 units; the latest on 8 Sept 202628Context
5. Who is building it?Object One, licence no. 1894; 0 of its 18 dated live projects are past their registered dates0%Context

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 ابوظبى الاسلامى

Developer, as licensed

OBJ1 REAL ESTATE DEVELOPMENT L.L.C (no. 1894)

Master developer

Nakheel

Registered start

August 2024

Configuration

UG Watertank+G+5P+20+R Residential Building with Retail at Ground Floor.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 22 Jul 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 Luminar Tower 1 be completed?

The developer registered handover for October 2026, 3 months after DLD’s latest record, and the project was 33% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 22 Jul 2026.

What does Luminar Tower 1 cost per square foot?

AED 1,502 per sqft, the median of 28 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 961,727. That is 11.1% below the Jumeirah Village Triangle off-plan median across 40 projects.

Is Luminar Tower 1 in escrow?

Yes: the Land Department register names مصرف ابوظبى 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 Luminar Tower 1?

OBJ1 REAL ESTATE DEVELOPMENT L.L.C, licence no. 1894, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does Luminar Tower 1 have?

196 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.