CancelledStatus in the DLD project register · project no. 526

Sport One Business Tower

Sport One Business Tower in Al Hebiah Fourth, Dubai: DLD project no. 526, registered 2017, listed as cancelled in the DLD project register. Developer: Axon Real Estate Development.
14.7%Completion recorded
30Floors
2017Registered with DLD
6DLD site photos
Sport One Business Tower, Al Hebiah Fourth: Dubai Land Department inspection photo, January 2017
DLD status

Status and what it means

Sport One Business Tower is a real-estate project in Al Hebiah Fourth, Dubai, registered with the Dubai Land Department (DLD) as project number 526 in 2017 by Axon Real Estate Development.

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 9 January 2017 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 14.7% at the latest inspection on 9 January 2017, which indicates only early-stage works on site. It was planned with 30 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

AreaAl Hebiah Fourth
DeveloperAxon Real Estate Development
DLD project number526
DLD statusCancelled
LocationSport One Business Tower, Al Hebiah Fourth, Dubai
Registered with DLD26 April 2017
Construction start (planned)4 December 2017
Planned completion3 December 2018
Latest DLD inspection9 January 2017
Completion recorded14.7%
Floors30
Escrow bankEmirates Islamic Bank P.J.S.C.
Timeline

Registration and inspection history

  1. DLD inspection · completion 14.7%
  2. DLD inspection · completion 14.7%
  3. DLD inspection · completion 14.7%
  4. Registered with DLD
  5. Planned construction start
  6. 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: 25.04375925, 55.21869125

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 Sport One Business 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 Sport One Business Tower cancelled?

The Dubai Land Department project register lists Sport One Business Tower (DLD project no. 526) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Sport One Business Tower?

Sport One Business Tower was registered with DLD by Axon Real Estate Development (developer no. 1180).

Where is Sport One Business Tower located?

Sport One Business Tower is in Al Hebiah Fourth, Dubai. The DLD location record reads: Sport One Business Tower, Al Hebiah Fourth, Dubai.

How much of Sport One Business Tower was built?

The latest DLD inspection recorded 14.7% completion.

Can buyers in Sport One Business 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.