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CancelledStatus in the DLD project register · project no. 628

Fortune Serene

Fortune Serene in Me'Aisem First, Dubai: DLD project no. 628, registered 2008, listed as cancelled in the DLD project register. Developer: Fortune Serene Limited.
14.5%Completion recorded
2008Registered with DLD
Fortune Serene, Me'Aisem First: project render
DLD status

Status and what it means

Fortune Serene is a real-estate project in Me'Aisem First, Dubai, registered with the Dubai Land Department (DLD) as project number 628 in 2008 by Fortune Serene Limited.

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 inspections recorded completion of 14.5%, which indicates only early-stage works on site.

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

AreaMe'Aisem First
DeveloperFortune Serene Limited
DLD project number628
DLD statusCancelled
LocationFortune Serene, Me'Aisem First, Dubai
Registered with DLD8 November 2008
Construction start (planned)13 January 2008
Planned completion31 December 2012
Completion recorded14.5%
Escrow bankMashreq Bank Psc
Timeline

Registration and inspection history

  1. Planned construction start
  2. Registered with DLD
  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 Fortune Serene

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 628.
  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.
Investment recovery services Contact us
Questions

Frequently asked questions

Is Fortune Serene cancelled?

The Dubai Land Department project register lists Fortune Serene (DLD project no. 628) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Fortune Serene?

Fortune Serene was registered with DLD by Fortune Serene Limited (developer no. 405).

Where is Fortune Serene located?

Fortune Serene is in Me'Aisem First, Dubai. The DLD location record reads: Fortune Serene, Me'Aisem First, Dubai.

How much of Fortune Serene was built?

The latest DLD inspection recorded 14.5% completion.

Can buyers in Fortune Serene 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 Me'Aisem First

Ivory Tower, Me'Aisem First: project renderIvory TowerSokook Investment GroupRamada Residence, Me'Aisem First: project renderRamada ResidenceMasaken Real Estate Development Llc(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Media Gate 2Time PropertiesMedia Gate 1, Me'Aisem First: project renderMedia Gate 1Time PropertiesBeirut Towers (Achrafieh T. & Verdun T.), Me'Aisem First: project renderBeirut Towers (Achrafieh T. & Verdun T.)Plus Properties L.L.C
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.

How investment recovery works
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