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CancelledStatus in the DLD project register · project no. 1531

Legend 2 @ Akoya By Damac

Legend 2 @ Akoya By Damac in Al Hebiah Third, Dubai: DLD project no. 1531, registered 2014, listed as cancelled in the DLD project register. Developer: Damac Crescent Properties.
0%Completion recorded
1Planned units
2014Registered with DLD
(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)
DLD status

Status and what it means

Legend 2 @ Akoya By Damac is a real-estate project in Al Hebiah Third, Dubai, registered with the Dubai Land Department (DLD) as project number 1531 in 2014 by Damac Crescent Properties.

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 inspection records show no construction progress for this project. 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

AreaAl Hebiah Third
DeveloperDamac Crescent Properties
DLD project number1531
DLD statusCancelled
LocationLegend 2 @ Akoya By Damac, Al Hebiah Third, Dubai
Registered with DLD5 June 2014
Construction start (planned)1 September 2014
Planned completion30 June 2016
Units1
Project area184,205 m²
Unit mix1 Unspecified
Escrow bankAbu Dhabi Commercial Bank
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 Legend 2 @ Akoya By Damac

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 1531.
  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.
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Questions

Frequently asked questions

Is Legend 2 @ Akoya By Damac cancelled?

The Dubai Land Department project register lists Legend 2 @ Akoya By Damac (DLD project no. 1531) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Legend 2 @ Akoya By Damac?

Legend 2 @ Akoya By Damac was registered with DLD by Damac Crescent Properties (developer no. 954).

Where is Legend 2 @ Akoya By Damac located?

Legend 2 @ Akoya By Damac is in Al Hebiah Third, Dubai. The DLD location record reads: Legend 2 @ Akoya By Damac, Al Hebiah Third, Dubai.

How many units were planned in Legend 2 @ Akoya By Damac?

DLD records list 1 units (1 Unspecified).

How much of Legend 2 @ Akoya By Damac was built?

DLD inspection records show no construction progress for this project.

Can buyers in Legend 2 @ Akoya By Damac 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 Hebiah Third

Charlotte@Akoya By Damac, Al Hebiah Third: Dubai Land Department inspection photo, February 2016Charlotte@Akoya By DamacDamac Crescent PropertiesGreen Acres @ Akoya By Damac, Al Hebiah Third: Dubai Land Department inspection photo, April 2015Green Acres @ Akoya By DamacDamac Crescent PropertiesAugusta@Akoya By Damac, Al Hebiah Third: Dubai Land Department inspection photo, February 2016Augusta@Akoya By DamacDamac Crescent Properties(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Legend 1 @ Akoya By DamacDamac Crescent Properties(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)The Range @ Akoya By DamacDamac Crescent Properties(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Trevi@Akoya By DamacDamac Crescent Properties
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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