CancelledStatus in the DLD project register · project no. 576

Soraya Tower1

Soraya Tower1 in Jumeirah Village Circle (JVC), Dubai: DLD project no. 576, registered 2008, listed as cancelled in the DLD project register. Developer: New World Invest Ltd.
4.5%Completion recorded
17Floors
2008Registered with DLD
4DLD site photos
Ashai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)
DLD status

Status and what it means

Soraya Tower1 is a real-estate project in Jumeirah Village Circle (JVC), Dubai, registered with the Dubai Land Department (DLD) as project number 576 in 2008 by New World Invest Ltd.

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 21 October 2012 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 4.5% at the latest inspection on 21 October 2012, which indicates only early-stage works on site. It was planned with 17 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

AreaJumeirah Village Circle (JVC)
DeveloperNew World Invest Ltd
DLD project number576
DLD statusCancelled
LocationSoraya Tower1, Al Barsha South Fourth, Dubai
Registered with DLD8 November 2008
Construction start (planned)1 July 2010
Planned completion30 June 2012
Latest DLD inspection21 October 2012
Completion recorded4.5%
Floors17
Escrow bankMashreq Bank Psc
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. DLD inspection · completion 4.5%
  4. Planned completion
  5. DLD inspection · completion 4.5%

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: 25.276987, 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 Soraya Tower1

  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 Soraya Tower1 cancelled?

The Dubai Land Department project register lists Soraya Tower1 (DLD project no. 576) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Soraya Tower1?

Soraya Tower1 was registered with DLD by New World Invest Ltd (developer no. 355).

Where is Soraya Tower1 located?

Soraya Tower1 is in Jumeirah Village Circle (JVC), Dubai. The DLD location record reads: Soraya Tower1, Al Barsha South Fourth, Dubai.

How much of Soraya Tower1 was built?

The latest DLD inspection recorded 4.5% completion.

Can buyers in Soraya Tower1 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.