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CancelledStatus in the DLD project register · project no. 573

Cadi 2

Cadi 2 in Jumeirah Village Circle (JVC), Dubai: DLD project no. 573, registered 2008, listed as cancelled in the DLD project register. Developer: New World Invest Ltd.
7.0%Completion recorded
1Planned units
2008Registered with DLD
6DLD site photos
Cadi 2, Jumeirah Village Circle (JVC): project render
DLD status

Status and what it means

Cadi 2 is a real-estate project in Jumeirah Village Circle (JVC), Dubai, registered with the Dubai Land Department (DLD) as project number 573 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 16 September 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 7.0% at the latest inspection on 16 September 2012, which indicates only early-stage works on site. It was planned with 1 units.

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 number573
DLD statusCancelled
LocationCadi 2, Al Barsha South Fourth, Dubai
Registered with DLD8 November 2008
Construction start (planned)29 April 2009
Planned completion30 November 2014
Latest DLD inspection16 September 2012
Completion recorded7.0%
Units1
Project area2,160 m²
Unit mix1 Unspecified
Escrow bankMashreq Bank Psc
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. DLD inspection · completion 6.8%
  4. DLD inspection · completion 7.0%
  5. 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: 25.276987, 55.296249

DLD inspections

Site photos from DLD inspection records

Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012
Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012
Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012
Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012
Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012
Cadi 2, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, September 2012
DLD inspection photo, 16 September 2012

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 Cadi 2

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 573.
  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 Cadi 2 cancelled?

The Dubai Land Department project register lists Cadi 2 (DLD project no. 573) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Cadi 2?

Cadi 2 was registered with DLD by New World Invest Ltd (developer no. 355).

Where is Cadi 2 located?

Cadi 2 is in Jumeirah Village Circle (JVC), Dubai. The DLD location record reads: Cadi 2, Al Barsha South Fourth, Dubai.

How many units were planned in Cadi 2?

DLD records list 1 units (1 Unspecified).

How much of Cadi 2 was built?

The latest DLD inspection recorded 7.0% completion.

Can buyers in Cadi 2 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

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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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