CancelledStatus in the DLD project register · project no. 3261

Orchid Residence

Orchid Residence in Jumeirah Village Circle (JVC), Dubai: DLD project no. 3261, registered 2024, listed as cancelled in the DLD project register. Developer: Fortune 5 Property Development L.L.C.
26.5%Completion recorded
1Planned units
2024Registered with DLD
5DLD site photos
Orchid Residence, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, December 2024
DLD status

Status and what it means

Orchid Residence is a real-estate project in Jumeirah Village Circle (JVC), Dubai, registered with the Dubai Land Department (DLD) as project number 3261 in 2024 by Fortune 5 Property 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 on 4 December 2024 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 26.5% at the latest inspection on 4 December 2024. The structure was partially built before work stopped. 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

AreaJumeirah Village Circle (JVC)
DeveloperFortune 5 Property Development L.L.C
DLD project number3261
DLD statusCancelled
LocationOrchid Residence, Al Barsha South Fourth, Dubai
Registered with DLD26 August 2024
Construction start (planned)1 November 2024
Planned completion31 July 2027
Latest DLD inspection4 December 2024
Completion recorded26.5%
Units1
Project area2,309 m²
Unit mix1 Unspecified
Escrow bankBank Of Sharjah
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. DLD inspection · completion 26.5%
  4. 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

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 Orchid Residence

  1. Gather your evidence. Sale and purchase agreement, all payment receipts, escrow deposit confirmations, and any correspondence with the developer.
  2. 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.
  3. 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 Orchid Residence cancelled?

The Dubai Land Department project register lists Orchid Residence (DLD project no. 3261) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Orchid Residence?

Orchid Residence was registered with DLD by Fortune 5 Property Development L.L.C (developer no. 1438).

Where is Orchid Residence located?

Orchid Residence is in Jumeirah Village Circle (JVC), Dubai. The DLD location record reads: Orchid Residence, Al Barsha South Fourth, Dubai.

How many units were planned in Orchid Residence?

DLD records list 1 units (1 Unspecified).

How much of Orchid Residence was built?

The latest DLD inspection recorded 26.5% completion.

Can buyers in Orchid Residence 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.

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.