CancelledStatus in the DLD project register · project no. 457

Polaris Tower

Polaris Tower in Business Bay, Dubai: DLD project no. 457, registered 2008, listed as cancelled in the DLD project register. Developer: Silver Sky Properties L.L.C.
60.5%Completion recorded
604Planned units
31Floors
2008Registered with DLD
Polaris Tower, Business Bay: Dubai Land Department inspection photo, March 2025
DLD status

Status and what it means

Polaris Tower is a real-estate project in Business Bay, Dubai, registered with the Dubai Land Department (DLD) as project number 457 in 2008 by Silver Sky Properties 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 12 March 2025 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 60.5% at the latest inspection on 12 March 2025. The structure was partially built before work stopped. It was planned with 604 units across 31 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

AreaBusiness Bay
DeveloperSilver Sky Properties L.L.C
DLD project number457
DLD statusCancelled
LocationPolaris, Business Bay, Dubai
Registered with DLD8 November 2008
Construction start (planned)1 August 2007
Planned completion28 February 2025
Latest DLD inspection12 March 2025
Completion recorded60.5%
Units604
Floors31
Project area36,526 m²
Unit mix253 Office · 176 Studio · 175 1 B/R
Escrow bankEmirates Nbd Bank (P.J.S.C)
Timeline

Registration and inspection history

  1. Planned construction start
  2. Registered with DLD
  3. DLD inspection · completion 13.1%
  4. Show 19 more inspections
    1. DLD inspection · completion 9.8%
    2. DLD inspection · completion 10.1%
    3. DLD inspection · completion 13.8%
    4. DLD inspection · completion 22.2%
    5. DLD inspection · completion 23.1%
    6. DLD inspection · completion 25.4%
    7. DLD inspection · completion 25.8%
    8. DLD inspection · completion 30.1%
    9. DLD inspection · completion 32.1%
    10. DLD inspection · completion 33.4%
    11. DLD inspection · completion 34.0%
    12. DLD inspection · completion 34.4%
    13. DLD inspection · completion 33.4%
    14. DLD inspection · completion 33.5%
    15. DLD inspection · completion 34.6%
    16. DLD inspection · completion 35.3%
    17. DLD inspection · completion 37.9%
    18. DLD inspection · completion 40.0%
    19. DLD inspection · completion 50.1%
  5. DLD inspection · completion 54.1%
  6. DLD inspection · completion 57.3%
  7. Planned completion
  8. DLD inspection · completion 60.5%

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: 25.18646165, 55.26234316

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 Polaris Tower

  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 Polaris Tower cancelled?

The Dubai Land Department project register lists Polaris Tower (DLD project no. 457) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Polaris Tower?

Polaris Tower was registered with DLD by Silver Sky Properties L.L.C (developer no. 268).

Where is Polaris Tower located?

Polaris Tower is in Business Bay, Dubai. The DLD location record reads: Polaris, Business Bay, Dubai.

How many units were planned in Polaris Tower?

DLD records list 604 units (253 Office · 176 Studio · 175 1 B/R) over 31 floors.

How much of Polaris Tower was built?

The latest DLD inspection recorded 60.5% completion.

Can buyers in Polaris 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.

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.