CancelledStatus in the DLD project register · project no. 141

Canada Business Center

Canada Business Center in Business Bay, Dubai: DLD project no. 141, registered 2008, listed as cancelled in the DLD project register. Developer: Aakar Developers Limited.
61.7%Completion recorded
1Planned units
2008Registered with DLD
6DLD site photos
Canada Business Center, Business Bay: project render
DLD status

Status and what it means

Canada Business Center is a real-estate project in Business Bay, Dubai, registered with the Dubai Land Department (DLD) as project number 141 in 2008 by Aakar Developers Limited.

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 19 September 2023 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 61.7% at the latest inspection on 19 September 2023. The structure was partially built before work stopped. 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

AreaBusiness Bay
DeveloperAakar Developers Limited
DLD project number141
DLD statusCancelled
LocationCanada Business Center, Business Bay, Dubai
Registered with DLD8 November 2008
Construction start (planned)1 June 2007
Planned completion20 December 2017
Latest DLD inspection19 September 2023
Completion recorded61.7%
Units1
Project area3,494 m²
Unit mix1 Unspecified
Escrow bankAbu Dhabi Commercial Bank
Timeline

Registration and inspection history

  1. Planned construction start
  2. Registered with DLD
  3. DLD inspection · completion 41.0%
  4. DLD inspection · completion 41.5%
  5. DLD inspection · completion 45.0%
  6. DLD inspection · completion 48.0%
  7. DLD inspection · completion 60.4%
  8. Planned completion
  9. DLD inspection · completion 61.7%

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: 25.17995396, 55.27555923

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 Canada Business Center

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 141.
  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 Canada Business Center cancelled?

The Dubai Land Department project register lists Canada Business Center (DLD project no. 141) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Canada Business Center?

Canada Business Center was registered with DLD by Aakar Developers Limited (developer no. 49).

Where is Canada Business Center located?

Canada Business Center is in Business Bay, Dubai. The DLD location record reads: Canada Business Center, Business Bay, Dubai.

How many units were planned in Canada Business Center?

DLD records list 1 units (1 Unspecified).

How much of Canada Business Center was built?

The latest DLD inspection recorded 61.7% completion.

Can buyers in Canada Business Center 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.