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CancelledStatus in the DLD project register · project no. 955

Sharena Residence 1

Sharena Residence 1 in Wadi Al Safa 3, Dubai: DLD project no. 955, registered 2008, listed as cancelled in the DLD project register. Developer: Rose Homes Investment (L.L.C).
0%Completion recorded
10Floors
2008Registered with DLD
Al Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)
DLD status

Status and what it means

Sharena Residence 1 is a real-estate project in Wadi Al Safa 3, Dubai, registered with the Dubai Land Department (DLD) as project number 955 in 2008 by Rose Homes Investment (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 10 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

AreaWadi Al Safa 3
DeveloperRose Homes Investment (L.L.C)
DLD project number955
DLD statusCancelled
LocationSharena Residence 1, Wadi Al Safa 3, Dubai
Registered with DLD8 November 2008
Construction start (planned)30 May 2012
Floors10
Escrow bankAbu Dhabi Commercial Bank
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start

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 Sharena Residence 1

  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 Sharena Residence 1 cancelled?

The Dubai Land Department project register lists Sharena Residence 1 (DLD project no. 955) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Sharena Residence 1?

Sharena Residence 1 was registered with DLD by Rose Homes Investment (L.L.C) (developer no. 126).

Where is Sharena Residence 1 located?

Sharena Residence 1 is in Wadi Al Safa 3, Dubai. The DLD location record reads: Sharena Residence 1, Wadi Al Safa 3, Dubai.

How much of Sharena Residence 1 was built?

DLD inspection records show no construction progress for this project.

Can buyers in Sharena Residence 1 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 3

Sanali Business Tower, Wadi Al Safa 3: project renderSanali Business TowerSanali Holding FzeSanali Flamingo, Wadi Al Safa 3: project renderSanali FlamingoFlamingo Investments LimitedSanali Quantum, Wadi Al Safa 3: project renderSanali QuantumElan Investment LimitedGrace Grandeur, Wadi Al Safa 3: project renderGrace GrandeurGrace Property Developer LimitedSyann Palm, Wadi Al Safa 3: project renderSyann PalmSyann Palm LtdAl Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)BarbaroGlobal Procurment Fzc
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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