Alma Gardens

1. Is it on schedule?50% built in August 2026, 3 months past its registered May 2026 handover · DLD inspection, 12 Aug 202650%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي التجاري (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,185/sqft, 17.6% below the Liwan off-plan median across 9 projects-17.6%Context
4. Is it selling?38 off-plan sales registered in the last 12 months, of 78 units; the latest on 29 Sept 202638Context
5. Who is building it?Alma, licence no. 1818Context

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 التجاري (ش.م.ع)

Developer, as licensed

ALMA REAL ESTATE DEVELOPMENTS L.L.C (no. 1818)

Master developer

Liwan

Registered start

January 2025

Configuration

This project is a boutique residential building located in the Liwan area, a prime and emerging community in Dubai. The project features a ground floor (G), podium level (P), 9 residential floors (G+P+9), and a rooftop (R). It is designed to cater to modern urban living while maintaining a focus on comfort, aesthetics, and functionality.

Construction progress is DLD’s inspection of 12 Aug 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 Alma Gardens be completed?

The developer registered handover for May 2026; that date has passed with no completion recorded, 3 months on, and the project was 50% built as of August 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department inspection of 12 Aug 2026.

What does Alma Gardens cost per square foot?

AED 1,185 per sqft, the median of 38 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.12M. That is 17.6% below the Liwan off-plan median across 9 projects.

Is Alma Gardens in escrow?

Yes: the Land Department register names بنك دبي التجاري (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 Alma Gardens?

ALMA REAL ESTATE DEVELOPMENTS L.L.C, licence no. 1818, by the register’s own licence number; the master developer that owns the land is Liwan. Dubai Land Department project register as of July 2026.

How many units does Alma Gardens have?

78 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.