Universal Tower - Dubai Sports City

Universal Tower is located on a prime plot overlooking the Sports City canal. However, no construction activity on-site and this project is considered on-hold.

Master Community: Dubai Sports City
Property Types Available: Apartments
Location: Mohammad Bin Zayed Road
Status: Cancelled
Year Launched: 2006
Developer: Unknown
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Mid-rise
Life Cycle: On-Hold
Proposed Apartments: 298

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About Universal Tower

Universal Tower is located in Dubai Sports City near other projects such as Royal Residence, Rufi Waterfront and the Prime Villas.

This tower was launched in 2006 but was put on-hold after the real estate crash. According to original plans, the project was to have 298 apartments.

Oct 2014 update: According to reports, a consortium invested in this project in 2013, sold off remaining stock at AED 700 psf and are now commencing construction. Lookup.ae has not been able to independently verify this.

Jan 2015 update: Lookup.ae has been able to verify that this project was acquired in 2013/2014. According to the new owners, the project may be converted into hotel serviced apartments, taking advantage of its location overlooking the Sports City canal. According to the new owners, the project's construction may commence in Q1 or Q2 of 2015. Until construction commences, this project will be classified as on-hold on Lookup.ae


Project Completion Status (as per DLD): 4.56% (as of May 10, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 60

Project Number: 900


Trust Account Number: 0494334146

Account Trustee Name: MASHREQ BANK PSC

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Universal Tower

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