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CancelledStatus in the DLD project register · project no. 1331

Octagon Tower

Octagon Tower in Wadi Al Safa 4, Dubai: DLD project no. 1331, registered 2012, listed as cancelled in the DLD project register. Developer: Ilyas & Mustafa Galadari Management Investment & Development(L.L.C).
0%Completion recorded
1Planned units
2012Registered with DLD
Octagon Tower, Wadi Al Safa 4: project render
DLD status

Status and what it means

Octagon Tower is a real-estate project in Wadi Al Safa 4, Dubai, registered with the Dubai Land Department (DLD) as project number 1331 in 2012 by Ilyas & Mustafa Galadari Management Investment & Development(L.L.C).

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.

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

AreaWadi Al Safa 4
DeveloperIlyas & Mustafa Galadari Management Investment & Development(L.L.C)
DLD project number1331
DLD statusCancelled
LocationOctagon Tower, Wadi Al Safa 4, Dubai
Registered with DLD25 November 2012
Construction start (planned)15 November 2012
Planned completion15 June 2015
Units1
Project area11,613 m²
Unit mix1 Unspecified
Escrow bankArab Bank For Investment & Foreign Trade Almasref P.J.S.C.
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: 25.08699382, 55.33233504

DLD inspections

Site photos from DLD inspection records

If you bought a unit in Octagon Tower

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 1331.
  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 Octagon Tower cancelled?

The Dubai Land Department project register lists Octagon Tower (DLD project no. 1331) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Octagon Tower?

Octagon Tower was registered with DLD by Ilyas & Mustafa Galadari Management Investment & Development(L.L.C) (developer no. 372).

Where is Octagon Tower located?

Octagon Tower is in Wadi Al Safa 4, Dubai. The DLD location record reads: Octagon Tower, Wadi Al Safa 4, Dubai.

How many units were planned in Octagon Tower?

DLD records list 1 units (1 Unspecified).

How much of Octagon Tower was built?

DLD inspection records show no construction progress for this project.

Can buyers in Octagon 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 Wadi Al Safa 4

I & M Tower, Wadi Al Safa 4: Dubai Land Department inspection photo, February 2016I & M TowerIlyas & Mustafa Galadari Management Investment & Development(L.L.C)(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Sanali Iconic Tower & HotelSanali Holding FzeWindsor Residence, Wadi Al Safa 4: project renderWindsor ResidenceM E Development L.L.CG-Tower, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013G-TowerGaladari Investment Office Limited Real Estate LlcWings Of Arabia, Wadi Al Safa 4: project renderWings Of ArabiaAlternative Capital Invest Gmbh (Branch)55 Time Dubai, Wadi Al Safa 4: project render55 Time DubaiDubai Property Ring Ltd
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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