The Alba Residences by Omniyat

1. Is it on schedule?2% built in July 2026 against a March 2028 handover: 98% left to build in 20 months · DLD project register, Jul 20262%Context
2. Is my money protected?Payments go to an escrow account at بنك الإمارات دبي الوطني (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 9,123/sqft, 64.7% above the Palm Jumeirah off-plan median across 17 projects+64.7%Context
4. Is it selling?21 off-plan sales registered in the last 12 months, of 164 units; the latest on 5 Oct 202621Context
5. Who is building it?The register names the master developer, Nakheel; the builder is not recordedNo record

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 الإمارات دبي الوطني (ش.م.ع)

Master developer

Nakheel

Registered start

July 2024

Configuration

3 Components Component 1 (Tower 1): Unfurnished Residential Tower 1B + LG + G + 11 - 72 units Component 2 (Tower 2): Furnished Residential Tower - 1B + LG + G + 11- 65 units Component 3 (Tower 3): 5 Star Hotel 1B + LG + G + 6 - 78 keys

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 The Alba Residences by Omniyat be completed?

The developer registered handover for March 2028, 20 months after DLD’s latest record, and the project was 2% 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 The Alba Residences by Omniyat cost per square foot?

AED 9,123 per sqft, the median of 21 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 29.13M. That is 64.7% above the Palm Jumeirah off-plan median across 17 projects.

Is The Alba Residences by Omniyat in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (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 The Alba Residences by Omniyat?

The register names the master developer, Nakheel, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does The Alba Residences by Omniyat have?

164 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.