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CancelledStatus in the DLD project register · project no. 1243

Meydan Business Park Phase 1

Meydan Business Park Phase 1 in Nad Al Shiba First, Dubai: DLD project no. 1243, registered 2009, listed as cancelled in the DLD project register. Developer: Meydan City Corporation.
0%Completion recorded
5Floors
2009Registered with DLD
Al Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)
DLD status

Status and what it means

Meydan Business Park Phase 1 is a real-estate project in Nad Al Shiba First, Dubai, registered with the Dubai Land Department (DLD) as project number 1243 in 2009 by Meydan City Corporation.

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 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.

Project facts

AreaNad Al Shiba First
DeveloperMeydan City Corporation
DLD project number1243
DLD statusCancelled
LocationMeydan Business Park Phase 1, Nad Al Shiba First, Dubai
Registered with DLD20 August 2009
Construction start (planned)20 August 2009
Planned completion31 December 2011
Floors5
Escrow bankNot returned
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 Meydan Business Park Phase 1

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 1243.
  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.
Investment recovery services Contact us
Questions

Frequently asked questions

Is Meydan Business Park Phase 1 cancelled?

The Dubai Land Department project register lists Meydan Business Park Phase 1 (DLD project no. 1243) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Meydan Business Park Phase 1?

Meydan Business Park Phase 1 was registered with DLD by Meydan City Corporation (developer no. 80).

Where is Meydan Business Park Phase 1 located?

Meydan Business Park Phase 1 is in Nad Al Shiba First, Dubai. The DLD location record reads: Meydan Business Park Phase 1, Nad Al Shiba First, Dubai.

How much of Meydan Business Park Phase 1 was built?

DLD inspection records show no construction progress for this project.

Can buyers in Meydan Business Park Phase 1 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 Nad Al Shiba First

Al Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Platinum ResidencePlatinum Icon Real Estate Developers L.L.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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