Facebook-f Linkedin X-twitter Instagram Youtube Whatsapp
Get in touch
CancelledStatus in the DLD project register · project no. 104

Pershing Luxury Beach Residence Tower

Pershing Luxury Beach Residence Tower in Hessyan First, Dubai: DLD project no. 104, registered 2008, listed as cancelled in the DLD project register. Developer: Alternative Capital Invest Gmbh (Branch).
0%Completion recorded
1Planned units
2008Registered with DLD
Pershing Luxury Beach Residence Tower, Hessyan First: project render
DLD status

Status and what it means

Pershing Luxury Beach Residence Tower is a real-estate project in Hessyan First, Dubai, registered with the Dubai Land Department (DLD) as project number 104 in 2008 by Alternative Capital Invest Gmbh (Branch).

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

AreaHessyan First
DeveloperAlternative Capital Invest Gmbh (Branch)
DLD project number104
DLD statusCancelled
LocationPershing Luxury Beach Residence Tower, Hessyan First, Dubai
Registered with DLD8 November 2008
Construction start (planned)1 August 2011
Planned completion1 December 2014
Units1
Project area6,749 m²
Unit mix1 Unspecified
Escrow bankFirst Abu Dhabi Bank P.J.S.C.
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 Pershing Luxury Beach Residence Tower

  1. Gather your evidence. Sale and purchase agreement, all payment receipts, escrow deposit confirmations, and any correspondence with the developer.
  2. 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.
  3. 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 Pershing Luxury Beach Residence Tower cancelled?

The Dubai Land Department project register lists Pershing Luxury Beach Residence Tower (DLD project no. 104) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Pershing Luxury Beach Residence Tower?

Pershing Luxury Beach Residence Tower was registered with DLD by Alternative Capital Invest Gmbh (Branch) (developer no. 31).

Where is Pershing Luxury Beach Residence Tower located?

Pershing Luxury Beach Residence Tower is in Hessyan First, Dubai. The DLD location record reads: Pershing Luxury Beach Residence Tower, Hessyan First, Dubai.

How many units were planned in Pershing Luxury Beach Residence Tower?

DLD records list 1 units (1 Unspecified).

How much of Pershing Luxury Beach Residence Tower was built?

DLD inspection records show no construction progress for this project.

Can buyers in Pershing Luxury Beach Residence Tower 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 Hessyan First

(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)MysticaSyndicate Sealine LimitedPalm Beach Residence, Hessyan First: project renderPalm Beach ResidenceSheffield Real Estat.L .L .CDubai Water Front Badrah, Hessyan First: Dubai Land Department inspection photo, August 2015Dubai Water Front BadrahDubai Waterfront (L.L.C)Star Living Waterfront Dubai, Hessyan First: project renderStar Living Waterfront DubaiEta Star Property Developers L.L.CWave Residence, Hessyan First: project renderWave ResidencePlus Intetnational One LimitedWave Residence 2, Hessyan First: project renderWave Residence 2Plus Intetnational Three 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
Contact us