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CancelledStatus in the DLD project register · project no. 983

Ferretti Luxury Beach Resdience Twin Tower

Ferretti Luxury Beach Resdience Twin Tower in Hessyan Second, Dubai: DLD project no. 983, registered 2008, listed as cancelled in the DLD project register. Developer: Alternative Capital Invest Gmbh (Branch).
0%Completion recorded
1Planned units
45Floors
2008Registered with DLD
Alsaqran Tower, Al Thanyah Fifth: cancelled Dubai project (tower icon)
DLD status

Status and what it means

Ferretti Luxury Beach Resdience Twin Tower is a real-estate project in Hessyan Second, Dubai, registered with the Dubai Land Department (DLD) as project number 983 in 2008 by Alternative Capital Invest Gmbh (Branch).

The Dubai Land Department (DLD) project register lists the project as cancelled. DLD does not publish the date of the cancellation decision in its public records; the last inspection is the closest dated milestone. Once a project is cancelled, refund claims from its escrow account are handled through the special tribunal for the liquidation of cancelled real-estate projects in Dubai.

DLD inspection records show no construction progress for this project. It was planned with 1 units across 45 floors.

The facts on this page are taken from public DLD project records. They are not legal advice. If you bought a unit in this project, the recovery options depend on your contract, your payment history and the escrow position, which we assess case by case.

Project facts

AreaHessyan Second
DeveloperAlternative Capital Invest Gmbh (Branch)
DLD project number983
DLD statusCancelled
LocationFerretti Luxury Beach Resdience Twin Tower, Hessyan Second, Dubai
Registered with DLD8 November 2008
Construction start (planned)11 September 2012
Planned completion1 December 2014
Units1
Floors45
Project area13,498 m²
Unit mix1 Unspecified
Escrow bankFirst Abu Dhabi Bank P.J.S.C.
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. Planned completion

Status in the DLD project register: Cancelled. DLD does not publish the date of the cancellation decision; the last inspection is the closest dated milestone.

Location

Where the project is

Open in Google Maps · Plot coordinates from DLD records: 25.276987, 55.296249

DLD inspections

Site photos from DLD inspection records

If you bought a unit in Ferretti Luxury Beach Resdience Twin Tower

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 983.
  2. Gather your evidence. Sale and purchase agreement, all payment receipts, escrow deposit confirmations, and any correspondence with the developer.
  3. File your claim. Claims on a cancelled project are made through the special tribunal for liquidation of cancelled projects, which distributes the escrow balance and other recoverable assets among buyers.
  4. Get an assessment. Recovery depends on the escrow position, how much was built, and the developer's other assets. We assess this on a success-fee basis, with no upfront cost.
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Questions

Frequently asked questions

Is Ferretti Luxury Beach Resdience Twin Tower cancelled?

The Dubai Land Department project register lists Ferretti Luxury Beach Resdience Twin Tower (DLD project no. 983) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Ferretti Luxury Beach Resdience Twin Tower?

Ferretti Luxury Beach Resdience Twin Tower was registered with DLD by Alternative Capital Invest Gmbh (Branch) (developer no. 31).

Where is Ferretti Luxury Beach Resdience Twin Tower located?

Ferretti Luxury Beach Resdience Twin Tower is in Hessyan Second, Dubai. The DLD location record reads: Ferretti Luxury Beach Resdience Twin Tower, Hessyan Second, Dubai.

How many units were planned in Ferretti Luxury Beach Resdience Twin Tower?

DLD records list 1 units (1 Unspecified) over 45 floors.

How much of Ferretti Luxury Beach Resdience Twin Tower was built?

DLD inspection records show no construction progress for this project.

Can buyers in Ferretti Luxury Beach Resdience Twin Tower get their money back?

Buyers in cancelled Dubai projects can claim against the project's escrow account through the special tribunal for liquidation of cancelled projects. What is recoverable depends on the escrow balance, the amount built and the developer's other assets. Freehold Solutions assesses claims on a success-fee basis.

Nearby

Other cancelled projects in Hessyan Second

Zero Five Zero, Hessyan Second: project renderZero Five ZeroZero Five Zero LimitedSheffield Palm View, Hessyan Second: project renderSheffield Palm ViewSheffield Real Estat.L .L .CRoyal Bay, Hessyan Second: project renderRoyal BayUae Waterfront Group LimitedZero Five Five, Hessyan Second: project renderZero Five FiveProfile Zero Five Five Limited(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)The AtriumSunland Waterfront Bvi Limited(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Indigo AzureRams Properties Investment Limited
Freehold Solutions

Stuck in a cancelled or stalled Dubai project?

With Mohamed Alazazi Advocates & Legal Consultants we recover investments in cancelled projects on a success-fee basis. No upfront fees: we are paid only when you are.

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