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CancelledStatus in the DLD project register · project no. 1111

Indigo Optima 2

Indigo Optima 2 in Al Warsan First, Dubai: DLD project no. 1111, registered 2009, listed as cancelled in the DLD project register. Developer: Mars Properties Investment Limited.
3.4%Completion recorded
13Floors
2009Registered with DLD
Indigo Optima 2, Al Warsan First: project render
DLD status

Status and what it means

Indigo Optima 2 is a real-estate project in Al Warsan First, Dubai, registered with the Dubai Land Department (DLD) as project number 1111 in 2009 by Mars Properties Investment 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 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 3.4%, which indicates only early-stage works on site. It was planned with 13 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

AreaAl Warsan First
DeveloperMars Properties Investment Limited
DLD project number1111
DLD statusCancelled
LocationIndigo Optima 2, Al Warsan First, Dubai
Registered with DLD23 February 2009
Construction start (planned)24 March 2008
Planned completion15 December 2011
Completion recorded3.4%
Floors13
Escrow bankMashreq Bank Psc
Timeline

Registration and inspection history

  1. Planned construction start
  2. Registered with DLD
  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 Indigo Optima 2

  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 Indigo Optima 2 cancelled?

The Dubai Land Department project register lists Indigo Optima 2 (DLD project no. 1111) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Indigo Optima 2?

Indigo Optima 2 was registered with DLD by Mars Properties Investment Limited (developer no. 67).

Where is Indigo Optima 2 located?

Indigo Optima 2 is in Al Warsan First, Dubai. The DLD location record reads: Indigo Optima 2, Al Warsan First, Dubai.

How much of Indigo Optima 2 was built?

The latest DLD inspection recorded 3.4% completion.

Can buyers in Indigo Optima 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

Other cancelled projects in Al Warsan First

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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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