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CancelledStatus in the DLD project register · project no. 276

55 Time Dubai

55 Time Dubai in Wadi Al Safa 4, Dubai: DLD project no. 276, registered 2008, listed as cancelled in the DLD project register. Developer: Dubai Property Ring Ltd.
1.0%Completion recorded
29Floors
2008Registered with DLD
6DLD site photos
55 Time Dubai, Wadi Al Safa 4: project render
DLD status

Status and what it means

55 Time Dubai is a real-estate project in Wadi Al Safa 4, Dubai, registered with the Dubai Land Department (DLD) as project number 276 in 2008 by Dubai Property Ring 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 17 June 2013 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 1.0% at the latest inspection on 17 June 2013, which indicates only early-stage works on site. It was planned with 29 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 4
DeveloperDubai Property Ring Ltd
DLD project number276
DLD statusCancelled
Location55 Time Dubai, Wadi Al Safa 4
Registered with DLD8 November 2008
Construction start (planned)1 June 2009
Planned completion31 December 2012
Latest DLD inspection17 June 2013
Completion recorded1.0%
Floors29
Escrow bankMashreq Bank Psc
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. Planned completion
  4. DLD inspection · completion 1.0%

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: 25.08550867, 55.32880838

DLD inspections

Site photos from DLD inspection records

55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013
55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013
55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013
55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013
55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013
55 Time Dubai, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013
DLD inspection photo, 17 June 2013

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 55 Time Dubai

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 276.
  2. Gather your evidence. Sale and purchase agreement, all payment receipts, escrow deposit confirmations, and any correspondence with the developer.
  3. 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.
  4. 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 55 Time Dubai cancelled?

The Dubai Land Department project register lists 55 Time Dubai (DLD project no. 276) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of 55 Time Dubai?

55 Time Dubai was registered with DLD by Dubai Property Ring Ltd (developer no. 160).

Where is 55 Time Dubai located?

55 Time Dubai is in Wadi Al Safa 4, Dubai. The DLD location record reads: 55 Time Dubai, Wadi Al Safa 4.

How much of 55 Time Dubai was built?

The latest DLD inspection recorded 1.0% completion.

Can buyers in 55 Time Dubai 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 4

Wings Of Arabia, Wadi Al Safa 4: project renderWings Of ArabiaAlternative Capital Invest Gmbh (Branch)Arabian Crowne, Wadi Al Safa 4: project renderArabian CrowneM E Development L.L.C(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Dubai LandDubai Land (L.L.C)G-Tower, Wadi Al Safa 4: Dubai Land Department inspection photo, June 2013G-TowerGaladari Investment Office Limited Real Estate LlcOctagon Tower, Wadi Al Safa 4: project renderOctagon TowerIlyas & Mustafa Galadari Management Investment & Development(L.L.C)Zenith Tower, Wadi Al Safa 4: project renderZenith TowerSameer Mahmoud Al Ali
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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