Sky Level 1: the DLD record
On 2 November 2026, the Dubai Land Department project register listed Sky Level 1 (DLD project no. 4486) by Object One Real Estate Development LLC as active, 0% built, with completion filed for 28 February 2029. Its escrow account is open. The Land Department recorded 10 purchases here in 2026 (to 2 November 2026) at a median AED 998,226, or AED 1,677 per square foot.
- What do buyers actually pay?
- The median recorded 2026 purchase price is AED 998,226; the lowest recorded purchase was AED 928,857.
- Is it ready or off-plan?
- Off-plan. 0% built at the last DLD inspection; completion filed for 28 February 2029.
- How do you pay?
- The plan listed for this project is 20/20/30/30. We have not checked it against a dated developer document, so confirm the same plan is written into your sales agreement before you pay.
- Which unit sizes sell here?
- Of the recorded 2026 purchases to 2 November 2026, none were studios and 70% were one-bedrooms.
Check it yourself: search DLD project no. 4486 in the Dubai REST app (Project Status Enquiry). Figures come from the DLD register and DLD sales records, not from the developer or agents.
Broker or developer? Show this DLD record on your own listing, free: it updates itself and sends enquiries to your WhatsApp.
Sky Level 1 Payment Plan & Down Payment
20/20/30/30 — 20% down payment (within 14 days of booking), 20% during construction, 30% on handover, 30% post-handover instalments.
Down payment: 20% on booking, plus the 4% DLD fee at registration.
| Milestone | % | Median paid (AED 998,226) |
|---|---|---|
| Down payment (within 14 days of booking) | 20% | AED 199,645 |
| During construction | 20% | AED 199,645 |
| On handover | 30% | AED 299,468 |
| Post-handover instalments | 30% | AED 299,468 |
| DLD transfer fee, on purchase | 4% | AED 39,929 |
| Cash needed before handover | 40% + fee | AED 439,219 |
| On handover | 30% | AED 299,468 |
| After handover | 30% | AED 299,468 |
The median is of 10 purchases recorded by the Dubai Land Department in 2026 — a more realistic basis than the entry price unless you are buying the cheapest unit. 30% falls due after you get the keys, so the unit can be let before the balance is paid. Excludes the AED 1,000 Oqood registration, any developer admin fee and service charges; confirm every figure against your sale agreement. Compare payment plans across every Dubai project →
If the marketed date and the date in your sale agreement differ, the contract governs — get it in writing before you pay.
What Actually Sold at Sky Level 1
What buyers actually paid, from Dubai Land Department records. Data as of 2 Nov 2026.
What the DLD register records
| Registered units | 440 |
| Escrow account | Open — units may lawfully be sold |
| Registered completion | 28 Feb 2029 — marketed as Q2 2029 (DLD records Feb 2029 completion) |
| Construction progress | 0% complete |
Where the registered completion date and the marketed handover date differ, the date in your sale agreement is the one that governs. Get it in writing.
Source: Dubai Land Department, 2026. Medians move as more sales register, and do not separate developer sales from resales.
Own a unit here? See what it is worth from these sales → · Search all DLD transactions in Dubai →
Before You Pay: Check Sky Level 1 Against the DLD Register
Marketing material is written by the seller. The Dubai Land Department register is not. These are the facts filed with the government for this project — escrow status, unit count, construction progress and the completion date on record. Free, no email needed.
Want to know if any of this changes?
We read the DLD register every morning. If the escrow status, completion date or unit count changes for Sky Level 1, we will email you. Nothing else.
Sky Level 1 Handover Date & Construction Progress
What the Dubai Land Department register records for Sky Level 1 as of 2 November 2026: how far it is built, the completion date filed with the DLD, and whether the escrow account is open. We track buildings registered or due to complete in 2026; phases outside that window are not listed.
The completion date that binds the developer is the one in your sale agreement (SPA) or Oqood. If it differs from the DLD filing above, ask why before you pay. What the escrow rules require →
Selling Sky Level 1? Put this live DLD status on your listing, with your WhatsApp button →
Property Overview
Sky Level 1 unit types & floor plans
| Unit | Share of recorded sales |
|---|---|
| Studio (566–732 sqft) | not recorded |
| 1 Bed Apartment (566–732 sqft) | 100% |
Share of 7 Dubai Land Department sales in 2026 where the unit size was recorded — the layout most people bought is the one you will compete with at resale. Floor plans: not published in a form we can verify — ask the developer for the plan of your exact unit and floor before you commit.
Will Sky Level 1 hand over on time?
The filed date is consistent with the work remaining
Completion is filed for 28 February 2029, 27 months away, with construction at 0%. On the register that schedule is consistent with the amount of work left, though a filed date is never a contractual one — get the date and its penalties into your agreement.
- Filed completion28 February 2029
- Months remaining27
- Registered units440
Sky Level 1 Location & Master Plan
Amenities & Facilities
Is Sky Level 1 a good investment? Our view
440 studios and one-beds in JVC with unusually large layouts and a booking fee of AED 30,000 — capital-light entry into Dubai's most competitive rental district.
Who it suits
Best suited for cash-flow-conscious investors who want minimal capital committed early — AED 30,000 books a unit and nothing is due for a year after the deposit — and who value larger-than-average JVC layouts. Less suited to buyers seeking differentiation, since the building is 440 units of two similar types.
For investors
Two real advantages: layout size, because a 566–732 sqft studio or one-bed lets more easily and holds tenants better than the 380 sqft units JVC is full of; and the payment structure, where AED 30,000 books the unit, 20% follows within 14 days, then a full year with nothing due, and 30% is deferred past handover so rent can service it. The constraint is scale within a saturated district — 440 near-identical units completing at once means your closest competitor at letting and resale is the apartment two floors up. Floor level, view and being early to list are what separate performance here.
If you will live there
For end users, Sky Level 1 offers a noticeably larger studio or one-bedroom than JVC norm, with a sky deck and pools, on a payment structure that requires very little upfront. JVC itself is well served for schools, retail and dining, though traffic at peak times is a known frustration.
How Jumeirah Village Circle (JVC) compares
Thinking about Sky Level 1? See how its area stacks up on recorded prices, unit mix and delivery.
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FAQs
What is Sky Level 1 at JVC?
A 440-unit residential tower by Object One in Jumeirah Village Circle, with 35 residential floors above three office levels and five parking decks. DLD records a project value of AED 72.86 million.
What is the payment plan for Sky Level 1?
A AED 30,000 booking fee holds the unit, with 20% due within 14 days and then nothing for a full year. The post-handover route is 20% down, 20% during construction, 30% at handover and 30% spread after you own the unit — so rental income can service the final portion.
How big are the apartments at Sky Level 1?
Studios and one-bedroom apartments range from 566 to 732 sqft — noticeably larger than the compact studios that dominate JVC, which is the project's main differentiator.
When is the handover of Sky Level 1?
Marketing quotes Q2 2029, while the DLD registry records a February 2029 completion date. Confirm the contractual date with Object One before signing.
Can units at Sky Level 1 be sold yet?
Yes — the project's escrow account opened in the DLD registry in August 2026, which is the legal gate that must clear before any off-plan unit can be sold. Ensure your payments go into that registered escrow account, not a company account.
Is Sky Level 1 a good investment?
The larger-than-average layouts genuinely help with letting and tenant retention, and the payment structure keeps early capital low. The counterweight is JVC's supply: 440 near-identical units completing together means your strongest competition at letting and resale is inside your own building. Floor, view and listing early are what differentiate returns.
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Data & accuracy: Figures on this page are compiled from Dubai Land Department open data, developer materials and market sources, and can change without notice. Prices, payment plans, handover dates and availability must be verified directly with the developer or a RERA-licensed broker before you commit to anything. Nothing here is financial advice or an offer to sell. Spotted something wrong? Tell us and we'll correct it. Last updated 13 Oct 2026.