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CancelledStatus in the DLD project register · project no. 74

Park Residence

Park Residence in Jabal Ali Industrial Second, Dubai: DLD project no. 74, registered 2008, listed as cancelled in the DLD project register. Developer: Reef Real Estate Investment Co (L.L.C).
1.0%Completion recorded
1Planned units
2008Registered with DLD
Park Residence, Jabal Ali Industrial Second: project render
DLD status

Status and what it means

Park Residence is a real-estate project in Jabal Ali Industrial Second, Dubai, registered with the Dubai Land Department (DLD) as project number 74 in 2008 by Reef Real Estate Investment Co (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 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 1.0%, which indicates only early-stage works on site. 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

AreaJabal Ali Industrial Second
DeveloperReef Real Estate Investment Co (L.L.C)
DLD project number74
DLD statusCancelled
LocationPark Residence, Jabal Ali Industrial Second, Dubai
Registered with DLD8 November 2008
Construction start (planned)9 March 2008
Planned completion3 February 2010
Completion recorded1.0%
Units1
Project area3,203 m²
Unit mix1 Unspecified
Escrow bankAbu Dhabi Commercial Bank
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 Park Residence

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 74.
  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 Park Residence cancelled?

The Dubai Land Department project register lists Park Residence (DLD project no. 74) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Park Residence?

Park Residence was registered with DLD by Reef Real Estate Investment Co (L.L.C) (developer no. 19).

Where is Park Residence located?

Park Residence is in Jabal Ali Industrial Second, Dubai. The DLD location record reads: Park Residence, Jabal Ali Industrial Second, Dubai.

How many units were planned in Park Residence?

DLD records list 1 units (1 Unspecified).

How much of Park Residence was built?

The latest DLD inspection recorded 1.0% completion.

Can buyers in Park Residence 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 Jabal Ali Industrial Second

(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Aquarius HotelAquarius Property Development LlcAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Prime Business AvenuePrescott Holdings LimitedArabia Tower, Jabal Ali Industrial Second: project renderArabia TowerOptimo Arabia LimitedAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Star Gate 1Alshafar Development L.L.CNorth Gate Business Tower, Jabal Ali Industrial Second: project renderNorth Gate Business TowerGulf Line International LtdAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)Celestial Heights PolarisJad25 Investment 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.

How investment recovery works
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