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CancelledStatus in the DLD project register · project no. 566

Downtown Towers

Downtown Towers in Downtown Dubai, Dubai: DLD project no. 566, registered 2008, listed as cancelled in the DLD project register. Developer: Hydra Properties (L.L.C).
8.6%Completion recorded
52Floors
2008Registered with DLD
Alsaqran Tower, Al Thanyah Fifth: cancelled Dubai project (tower icon)
DLD status

Status and what it means

Downtown Towers is a real-estate project in Downtown Dubai, Dubai, registered with the Dubai Land Department (DLD) as project number 566 in 2008 by Hydra Properties (L.L.C).

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 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 8.6%, which indicates only early-stage works on site. It was planned with 52 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

AreaDowntown Dubai
DeveloperHydra Properties (L.L.C)
DLD project number566
DLD statusCancelled
LocationDowntown Towers, Burj Khalifa, Dubai
Registered with DLD8 November 2008
Construction start (planned)15 March 2010
Planned completion14 September 2012
Completion recorded8.6%
Floors52
Escrow bankFirst Abu Dhabi Bank P.J.S.C.
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. 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

If you bought a unit in Downtown Towers

  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 Downtown Towers cancelled?

The Dubai Land Department project register lists Downtown Towers (DLD project no. 566) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Downtown Towers?

Downtown Towers was registered with DLD by Hydra Properties (L.L.C) (developer no. 343).

Where is Downtown Towers located?

Downtown Towers is in Downtown Dubai, Dubai. The DLD location record reads: Downtown Towers, Burj Khalifa, Dubai.

How much of Downtown Towers was built?

The latest DLD inspection recorded 8.6% completion.

Can buyers in Downtown Towers 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 Downtown Dubai

Vizir Downtown, Downtown Dubai: project renderVizir DowntownDara Development L.L.CMag 888, Downtown Dubai: project renderMag 888Mag Property Development L.L.CAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Claren 2Emaar Properties (P.J.S.C)Burj Park Iii, Downtown Dubai: project renderBurj Park IiiEmaar Properties (P.J.S.C)Burj Park V, Downtown Dubai: project renderBurj Park VEmaar Properties (P.J.S.C)Alsaqran Tower, Al Thanyah Fifth: cancelled Dubai project (tower icon)The MansionEmaar Properties (P.J.S.C)
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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