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CancelledStatus in the DLD project register · project no. 348

Ivory Tower

Ivory Tower in Me'Aisem First, Dubai: DLD project no. 348, registered 2008, listed as cancelled in the DLD project register. Developer: Sokook Investment Group.
4.0%Completion recorded
30Floors
2008Registered with DLD
5DLD site photos
Ivory Tower, Me'Aisem First: project render
DLD status

Status and what it means

Ivory Tower is a real-estate project in Me'Aisem First, Dubai, registered with the Dubai Land Department (DLD) as project number 348 in 2008 by Sokook Investment Group.

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 on 23 February 2015 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 4.0% at the latest inspection on 23 February 2015, which indicates only early-stage works on site. It was planned with 30 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

AreaMe'Aisem First
DeveloperSokook Investment Group
DLD project number348
DLD statusCancelled
LocationIvory Tower, Me'Aisem First, Dubai
Registered with DLD8 November 2008
Construction start (planned)21 February 2009
Planned completion20 December 2010
Latest DLD inspection23 February 2015
Completion recorded4.0%
Floors30
Escrow bankEmirates Islamic Bank P.J.S.C.
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. Planned completion
  4. DLD inspection · completion 4.0%

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

Ivory Tower, Me'Aisem First: Dubai Land Department inspection photo, February 2015
DLD inspection photo, 23 February 2015
Ivory Tower, Me'Aisem First: Dubai Land Department inspection photo, February 2015
DLD inspection photo, 23 February 2015
Ivory Tower, Me'Aisem First: Dubai Land Department inspection photo, February 2015
DLD inspection photo, 23 February 2015
Ivory Tower, Me'Aisem First: Dubai Land Department inspection photo, February 2015
DLD inspection photo, 23 February 2015
Ivory Tower, Me'Aisem First: Dubai Land Department inspection photo, February 2015
DLD inspection photo, 23 February 2015

Site photos from Dubai Land Department inspection records. They show the state of the site on the inspection date, not today.

If you bought a unit in Ivory Tower

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 348.
  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 Ivory Tower cancelled?

The Dubai Land Department project register lists Ivory Tower (DLD project no. 348) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Ivory Tower?

Ivory Tower was registered with DLD by Sokook Investment Group (developer no. 215).

Where is Ivory Tower located?

Ivory Tower is in Me'Aisem First, Dubai. The DLD location record reads: Ivory Tower, Me'Aisem First, Dubai.

How much of Ivory Tower was built?

The latest DLD inspection recorded 4.0% completion.

Can buyers in Ivory 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 Me'Aisem First

Ramada Residence, Me'Aisem First: project renderRamada ResidenceMasaken Real Estate Development LlcMedia Gate 1, Me'Aisem First: project renderMedia Gate 1Time Properties(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Media Gate 2Time PropertiesBeirut Towers (Achrafieh T. & Verdun T.), Me'Aisem First: project renderBeirut Towers (Achrafieh T. & Verdun T.)Plus Properties L.L.CFortune Serene, Me'Aisem First: project renderFortune SereneFortune Serene 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.

How investment recovery works
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