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CancelledStatus in the DLD project register · project no. 1528

Monte Carlo Residences

Monte Carlo Residences in Jumeirah Village Circle (JVC), Dubai: DLD project no. 1528, registered 2014, listed as cancelled in the DLD project register. Developer: Porto Fino Real Estate Development L.L.C.
33.4%Completion recorded
52Planned units
5Floors
2014Registered with DLD
Monte Carlo Residences, Jumeirah Village Circle (JVC): project render
DLD status

Status and what it means

Monte Carlo Residences is a real-estate project in Jumeirah Village Circle (JVC), Dubai, registered with the Dubai Land Department (DLD) as project number 1528 in 2014 by Porto Fino Real Estate Development 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 2 March 2017 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 33.4% at the latest inspection on 2 March 2017. The structure was partially built before work stopped. It was planned with 52 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.

Project facts

AreaJumeirah Village Circle (JVC)
DeveloperPorto Fino Real Estate Development L.L.C
DLD project number1528
DLD statusCancelled
LocationMonte Carlo Residences, Al Barsha South Fourth, Dubai
Registered with DLD2 June 2014
Construction start (planned)15 June 2014
Planned completion16 March 2016
Latest DLD inspection2 March 2017
Completion recorded33.4%
Units52
Floors5
Project area7,584 m²
Unit mix24 1 B/R · 24 2 B/R · 4 3 B/R
Escrow bankBank Of Baroda
Timeline

Registration and inspection history

  1. Registered with DLD
  2. Planned construction start
  3. DLD inspection · completion 3.5%
  4. DLD inspection · completion 10.3%
  5. Planned completion
  6. DLD inspection · completion 21.5%
  7. DLD inspection · completion 33.4%

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: 25.06275901, 55.20764004

DLD inspections

Site photos from DLD inspection records

Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017
Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017
Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017
Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017
Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017
Monte Carlo Residences, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, March 2017
DLD inspection photo, 2 March 2017

Site photos from Dubai Land Department inspection records. They show the state of the site on the inspection date, not today.

If you bought a unit in Monte Carlo Residences

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 1528.
  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 Monte Carlo Residences cancelled?

The Dubai Land Department project register lists Monte Carlo Residences (DLD project no. 1528) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Monte Carlo Residences?

Monte Carlo Residences was registered with DLD by Porto Fino Real Estate Development L.L.C (developer no. 1011).

Where is Monte Carlo Residences located?

Monte Carlo Residences is in Jumeirah Village Circle (JVC), Dubai. The DLD location record reads: Monte Carlo Residences, Al Barsha South Fourth, Dubai.

How many units were planned in Monte Carlo Residences?

DLD records list 52 units (24 1 B/R · 24 2 B/R · 4 3 B/R) over 5 floors.

How much of Monte Carlo Residences was built?

The latest DLD inspection recorded 33.4% completion.

Can buyers in Monte Carlo Residences 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 Jumeirah Village Circle (JVC)

Park Villa'S 4, Jumeirah Village Circle (JVC): Dubai Land Department inspection photo, May 2016Park Villa’S 4Arabian Gulf PropertiesAl Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Tuscan Residences 2 – PalimiroDamac Properties Co (L.L.C)Ashai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Condor ClassicCondor Properties LimitedSandhurst House, Jumeirah Village Circle (JVC): project renderSandhurst HouseSandhurst Capital LimitedAl Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Angelica Residence 1Syndicate Developer LimitedAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Canal ViewsIshraqah For Development Limited
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.

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