Magnolia is a real-estate project in Al Barsha South Fifth, Dubai, registered with the Dubai Land Department (DLD) as project number 382 in 2008 by Syndicate Developer 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 1 April 2018 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 95.6% at the latest inspection on 1 April 2018. The project was substantially built before it was cancelled, which affects the routes available to buyers. It was planned with 148 units across 5 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.
