Fay is a real-estate project in Hadaeq Sheikh Mohammed Bin Rashid, Dubai, registered with the Dubai Land Department (DLD) as project number 2050 in 2018 by Dubai Hills Estate 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 on 25 September 2019 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 2.8% at the latest inspection on 25 September 2019, which indicates only early-stage works on site. It was planned with 24 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.
