Since 2003 · Dubai + London · Licence 601049 · RERA ORN 1219
At a glance
A fast-growing JVC and JVT apartment developer with a large pipeline and only two completed towers so far
Object 1 entered the UAE in 2022 and has launched towers at an unusual pace.
Best for: First-time investors · Studio and 1-bed buyers · Post-handover plan seekers
Read our full verdict
Its website lists 27 projects across Dubai and Abu Dhabi as of October 2026. Only two are complete: RA1N Residence (March 2026) and V1TER Residence (July 2026), both in JVC. Portal timelines show both finished about 10 to 14 months after the dates first published, and several other towers have passed their published dates with no completion announced. Prices are mid-market, with studios from about AED 700,000 and payment plans that often include a post-handover option. The company is private and publishes no financial accounts. It suits buyers who accept delivery risk in return for entry-level pricing and flexible plans. Check the DLD-registered completion date before you commit.
Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked October 2026 · 28 sources
Delivery recordPatchy
PricesMid-market
Payment plans60/40
Post-handover plansCommon
What Object 1 does well
The first two towers, RA1N Residence and V1TER Residence in JVC, were completed in March and July 2026.
Entry prices are low for new-build Dubai, with studios in Dubai Land Residence Complex from about AED 700,000 in October 2026.
Many projects offer a choice of plans, including options that move 30% to 40% of the price to after handover.
All 5 points in full
The first two towers, RA1N Residence and V1TER Residence in JVC, were completed in March and July 2026.
Entry prices are low for new-build Dubai, with studios in Dubai Land Residence Complex from about AED 700,000 in October 2026.
Many projects offer a choice of plans, including options that move 30% to 40% of the price to after handover.
The company said in December 2025 that Dubai Land Department data placed it among the top 15 developers in Dubai and the top three in JVC and JVT.
Design, development and construction sit inside one holding company, according to the chairman in October 2026.
Before you buy, check
Only 2 of 27 listed projects were complete by October 2026, so the delivery record is short.
Portal timelines show RA1N was due in December 2024 and V1TER in September 2025, so both finished about 10 to 14 months late.
1WOOD, OZONE 1, THE W1NNER, LUM1NAR Tower 1 and EVERGR1N HOUSE have passed their published completion dates, and LUM1NAR Tower 1 was shown at 23% built in April 2026 against an August 2026 date.
All 5 points in full
Only 2 of 27 listed projects were complete by October 2026, so the delivery record is short.
Portal timelines show RA1N was due in December 2024 and V1TER in September 2025, so both finished about 10 to 14 months late.
1WOOD, OZONE 1, THE W1NNER, LUM1NAR Tower 1 and EVERGR1N HOUSE have passed their published completion dates, and LUM1NAR Tower 1 was shown at 23% built in April 2026 against an August 2026 date.
The company is private and publishes no accounts, while it has taken on a large Abu Dhabi land commitment with a stated project value of AED 4.5 billion.
Handover dates and payment plans differ between portals and brokers, and the official site does not publish them.
Projects
Object 1 projects you can buy
10 projects with a checked page, and 5 more the developer is selling without one yet. Starting prices are the developer’s published figures; we send today’s price list on request.
Tap a column heading to sort. Dates as checked October 2026.
Track record
Does Object 1 finish on time?
Patchy
Object 1 has completed two towers. RA1N Residence was announced as complete in March 2026 and the DLD registry records completion on 10 March 2026.
Promised against what happenedProject by project (7)
ProjectRA1N Residence, JVC
PromisedDecember 2024
What happenedCompleted. DLD registry completion 10 March 2026
ProjectV1TER Residence, JVC
PromisedSeptember 2025
What happenedCompleted. Announced 27 July 2026
Project1WOOD Residence, JVC
PromisedJuly 2025
What happened70.16% built in October 2025. No completion announcement found by October 2026
In progress
ProjectTHE W1NNER, JVT
PromisedMarch 2026
What happened14.49% built in June 2025. No completion announcement found by October 2026
In progress
ProjectOZONE 1, JVC
PromisedMay 2026
What happened47.73% built in December 2025. No completion announcement found by October 2026
In progress
ProjectEVERGR1N HOUSE, Jumeirah Garden City
PromisedQ2 2026
What happened47.94% built in December 2025. No completion announcement found by October 2026
In progress
ProjectLUM1NAR Tower 1, JVT
PromisedAugust 2026
What happened18.8% built in December 2025. Listings citing DLD data showed 23% at an April 2026 inspection
In progress
Projects they have finished2
RA1N ResidenceJumeirah Village Circle (District 12) · ApartmentsCompleted 2026
V1TER ResidenceJumeirah Village Circle (District 12) · ApartmentsCompleted 2026
Payment plans
Object 1 payment plans
A typical Object 1 plan
10%50%40%
On bookingDuring constructionOn handover
On a home priced at AED 1,000,000 that is AED 100,000 on booking, AED 500,000 during construction, AED 400,000 on handover. Government registration fees are paid on top.
Payment plansVary by project. Recent launches show 10/50/40, 20/40/40, 70/30 and, in Abu Dhabi, 10/40/50.
Vary by project. Recent launches show 10/50/40, 20/40/40, 70/30 and, in Abu Dhabi, 10/40/50 (portal data, October 2026). The official site does not publish plans.
Post-handover plansOffered as an option on many projects, usually 30% to 40% paid after handover.
Offered as an option on many projects, usually 30% to 40% paid after handover. Examples include VERDAN1A 3, 4 and 5, 1WOOD Residence 2 and the LUM1NAR Towers.
Golden VisaNot published by the developer. The UAE 10-year property visa needs property worth AED 2 million or more, and most Object 1 homes are priced below that.
Not published by the developer. The UAE 10-year property visa needs property worth AED 2 million or more, and most Object 1 homes are priced below that.
Mortgages on off-planNot published. Banks normally lend on Dubai off-plan homes only near or at handover, so check with a lender early if a large handover payment applies.
Not published. Banks normally lend on Dubai off-plan homes only near or at handover, so check with a lender early if a large handover payment applies.
Service chargesNot published. Check the RERA Service Charge Index for RA1N and V1TER once their first budgets are approved.
Not published. Check the RERA Service Charge Index for RA1N and V1TER once their first budgets are approved.
Buyer protectionDubai off-plan payments go into a DLD-regulated escrow account for each project.
Dubai off-plan payments go into a DLD-regulated escrow account for each project. Confirm the project registration and escrow account number with the DLD before paying.
Is Object 1 right for you?
Object 1 suits investors and first-time buyers who want a new studio or one-bedroom flat in JVC, JVT or Dubai Land Residence Complex at an entry-level price, and who value a post-handover payment option.
Prices and rental returnsThere is little resale history because the first towers only completed in 2026.
RA1N Residence, JVC
AED 1,353/sq ftNot published yield
V1TER Residence, JVC
AED 1,280/sq ftNot published yield
1WOOD Residence, JVC
AED 1,428/sq ftNot published yield
OZONE 1, JVC
AED 1,198/sq ftNot published yield
LUM1NAR Tower 1, JVT
AED 1,522/sq ftNot published yield
AUREL1A Residence, Dubai Sports City
AED 1,325/sq ftNot published yield
EVERGR1N HOUSE, Jumeirah Garden City
AED 2,418/sq ftNot published yield
See the full figures
There is little resale history because the first towers only completed in 2026. Recent registered sales shown in listing data put RA1N and V1TER one-bedroom flats at about AED 1,280 to 1,350 per sq ft in July 2026. Off-plan resales in towers still under construction ranged from about AED 1,200 per sq ft at OZONE 1 to about AED 2,420 at EVERGR1N HOUSE. These are single transactions, not averages, so treat them as a guide only. No measured rental yields exist yet for the completed towers. The portal's 7% figure is an estimate, not actual rents.
Also builds in Dubai Land Residence Complex, Jumeirah Garden City.
Questions about Object 111 answered from this page’s facts
Is Object 1 a reliable developer?
Object 1 entered the UAE in 2022 and has launched towers at an unusual pace. We rate its delivery record as "Patchy": 2 of 27 projects complete by October 2026, both about a year late.
Who is Object 1?
Object 1 is a private Dubai developer that entered the UAE market in 2022. Its founder and chairman is Egor Maslennikov and its chief executive is Tatiana Tonu.
How many projects has Object 1 completed?
Two, as of October 2026. RA1N Residence was completed in March 2026 and V1TER Residence in July 2026, both in Jumeirah Village Circle.
Does Object 1 deliver on time?
Not so far. Portal timelines showed RA1N due in December 2024 and V1TER in September 2025, and they completed in March and July 2026. Several other towers have also passed their published dates.
Where does Object 1 build?
Mainly in Jumeirah Village Circle and Jumeirah Village Triangle. It also builds in Dubai Land Residence Complex, Al Furjan, Dubai Sports City, Jumeirah Garden City and on Al Reem Island in Abu Dhabi.
What do Object 1 apartments cost?
In October 2026 studios started at about AED 700,000 in Dubai Land Residence Complex and about AED 770,000 in JVT. One-bedroom flats at SKY LEVEL 1 in JVC started at AED 945,000.
What payment plans does Object 1 offer?
Plans vary by project. Common structures are 10/50/40, 20/40/40 and 70/30, and many projects have an option that moves 30% to 40% to after handover.
Is Object 1 building in Abu Dhabi?
Yes. It launched A1LA Residence on Al Reem Island in April 2026 with 171 homes. It also bought four waterfront plots there in January 2026.
Is my money protected when buying off-plan from Object 1?
Dubai law requires off-plan payments to go into a project escrow account regulated by the Dubai Land Department. Check that the project is registered and that you pay only into its escrow account.
Is Object 1 a listed company?
No. It is privately owned and does not publish financial accounts or a credit rating.
What should I check before buying?
Ask for the DLD-registered completion date and current construction percentage, and read the payment schedule in the sale agreement. Dates and plans quoted by different sellers often differ.
Everything elseHistory, company facts, sources, head-to-head comparisons
Object 1’s story
2022Object 1 enters the UAE market, led by founder and chairman Egor Maslennikov.
2023Sales start at V1TER Residence (June) and RA1N Residence (July) in JVC. 1WOOD Residence follows in December.
2024A run of launches in JVC and JVT, including OZONE 1, THE W1NNER, LUM1NAR Towers and EVERGR1N HOUSE in Jumeirah Garden City.
2025Launches V1STARA HOUSE in Al Furjan and the VERDAN1A series in Dubai Land Residence Complex. Opens an Abu Dhabi office. Launches ELAR1S Sky and ELAR1S Rise in JVT in October.
January 2026Acquires four waterfront plots on Al Reem Island, Abu Dhabi, with over 2 million sq ft of development area and a stated combined sales value of AED 4.5 billion.
March 2026Announces 100% completion of RA1N Residence in JVC, its first finished tower (144 units).
April 2026Launches A1LA Residence on Al Reem Island, its first Abu Dhabi project (171 homes).
July to August 2026Completes V1TER Residence in JVC (175 apartments) and launches SKY LEVEL 1, a 420-home mixed-use tower in JVC.
Founded
Entered the UAE market in 2022 (company statements). Founder and chairman: Egor Maslennikov
Ownership
Private. Described by Dubai broker profiles as part of TSZ Group. No published accounts
Homes delivered
319 homes in 2 completed towers (RA1N 144, V1TER 175), October 2026
Projects
27 listed on the official site, October 2026. 2 completed
Credit rating
Not published
Best known for
Mid-market apartment towers in JVC and JVT with numeral-styled names such as RA1N and LUM1NAR
Sources and how we checked28 sources, checked October 2026
Facts checked October 2026 from the developer’s own announcements and results, Dubai Land Department records (via Property Finder, DXBinteract and Propsearch), Bayut market reports and the press. Figures given by the developer are labelled as theirs. This page is information, not financial advice.
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