Olbia is an off-plan project by Nshama Owned by Nshmi in Al Yelayiss 2, Dubai. Handover is expected in Q2 2028 and construction is 0% complete.
Olbia is an off-plan project of 156 units in Al Yelayiss 2, Dubai, developed by Nshama Properties Owned by Nshmi Development One Person Company L.L.C. The Dubai Land Department (DLD) register shows construction starting in January 2026 and expected completion in Q2 2028. Progress is currently recorded at 0%.
Olbia at a glance
| Item | Detail (DLD register) |
|---|---|
| Project | Olbia |
| Developer | Nshama Properties Owned by Nshmi Development One Person Company L.L.C |
| Area | Al Yelayiss 2, Dubai |
| Units | 156 |
| DLD project number | 3749 |
| Construction start | January 2026 |
| Construction progress | 0% |
| Expected completion | Q2 2028 |
| Prices and payment plan | Not in the data. Ask Dani for the latest. |
The register does not list the unit mix, sizes or amenities. We do not guess these here. Ask Dani for the floor plans and brochure.
Location: Al Yelayiss 2
Al Yelayiss 2 is a Dubai area name used in the DLD register. It sits in the newer, inland part of the city, away from the beachfront. Areas like this tend to suit buyers who want newer developments and are comfortable relying on car access or future infrastructure rather than an established waterfront address.
Before you decide, check the exact plot location on a map. Look at drive times to your work, schools and the main roads you would use. Dani can share the precise location and what is planned nearby. You can also see all off-plan projects in Al Yelayiss 2 to compare options.
Construction progress and handover
The DLD data shows 0% progress, with construction starting in January 2026. The expected completion date is Q2 2028. This is a planned date, not a promise. Off-plan handovers can move.
Before you buy, it is sensible to check:
- The latest progress on the DLD register and from the developer.
- The handover date written in the sale and purchase agreement (SPA).
- What the SPA says about delays and your rights.
- Service charge estimates and what they cover.
A project at 0% carries more timing uncertainty than one that is half built. Compare it with other launches in Dubai off-plan projects.
About the developer
The developer is listed as Nshama Properties Owned by Nshmi Development One Person Company L.L.C. Nshama is a Dubai developer best known for Town Square Dubai. Check the developer's earlier handovers, build quality and how it treated buyers on past projects. You can also browse all Nshama Owned by Nshmi off-plan projects.
How to buy off-plan in Olbia
- Get the details. Ask for the current price list, floor plans and payment plan. None of these is in the DLD data. Ask Dani for prices.
- Reserve a unit. You normally pay a booking deposit and sign a reservation form.
- Sign the SPA. Read the handover date, payment schedule and default terms carefully.
- Register with DLD. Off-plan sales are registered through Oqood. The DLD registration fee is usually 4% of the purchase price, plus admin fees.
- Pay into escrow. Under Dubai law, buyer instalments for registered off-plan projects go into a project escrow account. Ask for the escrow details and check them against the project.
- Handover. Inspect the unit, list any defects and complete the final payment.
Foreign buyers can generally buy in designated freehold areas of Dubai. Whether Al Yelayiss 2 qualifies for your purchase should be confirmed before you reserve. If a property is valued at AED 2 million or more, the buyer may be eligible for the Golden Visa, subject to current rules. Prices for Olbia are not in the data, so check the final price and the rules at the time.
For more general questions, read our buying in Dubai FAQ.
Frequently asked questions
Who is the developer of Olbia?
The DLD register lists Nshama Properties Owned by Nshmi Development One Person Company L.L.C as the developer of Olbia.
Where is Olbia located?
Olbia is in Al Yelayiss 2, Dubai. Ask Dani for the exact plot location and what is planned nearby.
When is Olbia expected to be completed?
The DLD register gives an expected completion of Q2 2028. Construction is shown as starting in January 2026, with 0% progress so far. Dates can change, so check the SPA.
Is Olbia registered with DLD and does it use escrow?
Olbia appears in the DLD project register under project number 3749. Dubai law requires buyer payments for registered off-plan projects to go into an escrow account. Ask for the escrow details before you pay.
How do I get the price and payment plan for Olbia?
They are not in the DLD data. Contact Dani for the current price list, floor plans and payment plan.
Project facts come from the Dubai Land Department project register and the developers' published price lists, and are refreshed regularly. Prices, availability and payment plans can change at any time: ask Dani for the latest.
Prices, availability and payment plans change often and are set by the developer. Ask for the latest details before making a decision.
