OBJ1 Real Estate Development: Dubai Developer Data and Project Overview 2026

OBJ1 Real Estate Development L.L.C is a DLD (Dubai Land Department, the authority that registers all property transactions in Dubai) registered developer established in March 2024. The company holds DLD license number 1190499 and is registered under DLD developer number 1894. OBJ1 is one of the more recently registered developers in the DLD database, with a registration history of approximately one year as of April 2026.

OBJ1 has registered 12 projects with DLD across Al Barsha South Fourth (the Arjan area) and Wadi Al Safa 5, with projects branded under the Iridian Park and Verdania names. Most projects in the portfolio are in early stages of development, with several listed as pending or not yet started in DLD records. This profile presents data drawn from public DLD records and is not affiliated with or endorsed by OBJ1 Real Estate Development.

DLD project registration data reflects records as of April 2026. Project counts and unit figures are sourced from public DLD data and may not reflect units sold or under reservation. OBJ1 was registered in March 2024 and has no DLD-recorded completed projects as of this date.

OBJ1 Real Estate Development entered the DLD registry in March 2024, placing it among the newest developer entities in Dubai. With 12 registered projects and no completed projects in DLD records as of April 2026, the developer's track record is limited to the registration and early construction phase.

Verdania 1 in Wadi Al Safa 5 is the only active project showing measurable construction progress, at 3% completion according to DLD records. Iridian Park 1 (76 units) and Iridian Park 2 (86 units) in Al Barsha South Fourth are listed as pending, and Verdania 2 (108 units) and Verdania 3 (142 units) in Wadi Al Safa 5 are recorded as not started or pending.

Transaction volume and average price per sqft for OBJ1 projects are not currently available in DLD records. As a developer without completed projects, investors cannot assess historical delivery performance from DLD data. Investors should check registered transaction data at dubailand.gov.ae and verify escrow account status for any OBJ1 project before proceeding.

OBJ1 Real Estate Development projects are located in two communities in the Al Barsha and Dubailand corridor:

OBJ1 also has 7 additional DLD-registered projects beyond those named above. All area names and completion percentages are drawn from DLD project registration data as of April 2026.

On-time delivery rate, average delivery delta, and cancellation rate for OBJ1 Real Estate Development are not currently available in DLD records. The developer has no completed projects in DLD data as of April 2026, so no historical delivery performance can be assessed from public records.

Verdania 1 is the only project showing active construction progress at 3% completion. All other named projects are either pending or not yet started in DLD records. Investors should treat OBJ1 as an early-stage developer and apply a higher level of due diligence than they might for a developer with multiple completed and handed-over projects.

Investors should request the DLD project registration certificate and RERA escrow account details for any OBJ1 project before transferring funds. Confirm that escrow funds are protected and that the construction timeline is supported by a realistic site plan.

Public property listing data for OBJ1 Real Estate Development projects in 2026 shows units listed from approximately AED 500,000 for studio units to AED 1,800,000 for two-bedroom units across the Iridian Park and Verdania project lines.

Average registered price per sqft and average gross yield figures are not currently available in DLD transaction records for OBJ1 projects. Al Barsha South Fourth (Arjan) and Wadi Al Safa 5 are both mid-market zones where rental yields have varied by building, quality, and proximity to key roads. Investors should build independent yield models using current comparable rental data for each specific community.

Unit types in OBJ1 projects include studio, one-bedroom, and two-bedroom apartments. The Verdania series in Wadi Al Safa 5 and the Iridian Park series in Arjan are positioned at similar price points in the affordable-to-mid-market segment.

The developers below operate in overlapping geographic areas and price segments to OBJ1 in the Arjan and Wadi Al Safa corridor, based on publicly available project data for 2026.

This comparison is based on public DLD registration data and public listing data. It is not a recommendation. Investors should verify all figures at dubailand.gov.ae before making any investment decision.

Before purchasing a unit in any OBJ1 Real Estate Development project, investors should verify the following directly with DLD and RERA:

• Current DLD license status. License number 1190499 is registered with DLD under developer number 1894. Verify the current active status and expiry date at dubailand.gov.ae. The license is scheduled for renewal in July 2026.
• Project registration and escrow. Each project should have a DLD project number and a registered escrow account. Confirm the escrow agent name and account details before making any payment. Given the early-stage nature of OBJ1's portfolio, escrow verification is especially important.
• Developer background and financial standing. As a developer registered in March 2024 with no completed projects, OBJ1 has a short operational history. Investors should request information about the owners, funding structure, and construction contracts from the developer directly.
• Completion percentage for active projects. Verdania 1 is recorded at 3% completion in DLD records as of April 2026. Verify the current DLD-registered completion against site conditions and confirm a realistic handover timeline.
• RERA project status. Check rera.gov.ae to confirm each project is registered, not under supervision, and not listed for cancellation.

This developer profile is produced by Oliva Real Estate Brokerage, RERA License 1573501. It is intended for informational purposes only and does not constitute investment advice, a solicitation to buy, or a recommendation of any specific developer or project.

All data presented is sourced from publicly available DLD records, RERA databases, and public property listings as of April 2026. DLD data is updated periodically and figures may not reflect real-time project status. Oliva does not independently verify developer claims, construction progress, or financial standing.

Past project registrations do not guarantee future delivery. Real estate investment carries risk including the risk of project delays, developer insolvency, and market value fluctuation. The risks associated with early-stage developers without a completed project track record are higher than those associated with developers with multiple delivered projects. Investors should conduct independent due diligence and consult a licensed financial advisor before making any investment decision.

Oliva is not affiliated with OBJ1 Real Estate Development L.L.C and does not receive any compensation from OBJ1 or any of its projects in connection with this profile.