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CancelledStatus in the DLD project register · project no. 1741

Platinum Residence

Platinum Residence in Nad Al Shiba First, Dubai: DLD project no. 1741, registered 2016, listed as cancelled in the DLD project register. Developer: Platinum Icon Real Estate Developers L.L.C.
0%Completion recorded
31Planned units
6Floors
2016Registered with DLD
Al Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)
DLD status

Status and what it means

Platinum Residence is a real-estate project in Nad Al Shiba First, Dubai, registered with the Dubai Land Department (DLD) as project number 1741 in 2016 by Platinum Icon Real Estate Developers 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 inspection records show no construction progress for this project. It was planned with 31 units across 6 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
DeveloperPlatinum Icon Real Estate Developers L.L.C
DLD project number1741
DLD statusCancelled
LocationPlatinum Residence, Nad Al Shiba First, Dubai
Registered with DLD28 March 2016
Construction start (planned)15 December 2015
Planned completion15 December 2016
Units31
Floors6
Project area3,339 m²
Unit mix24 1 B/R · 6 2 B/R · 1 4 B/R
Escrow bankDubai Islamic Bank (Public Joint Stock Company)
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: 25.16517671, 55.30392666

DLD inspections

Site photos from DLD inspection records

If you bought a unit in Platinum Residence

  1. Confirm the status yourself. Check the project on the DLD project status service or the Dubai REST app using project number 1741.
  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 Platinum Residence cancelled?

The Dubai Land Department project register lists Platinum Residence (DLD project no. 1741) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Platinum Residence?

Platinum Residence was registered with DLD by Platinum Icon Real Estate Developers L.L.C (developer no. 1126).

Where is Platinum Residence located?

Platinum Residence is in Nad Al Shiba First, Dubai. The DLD location record reads: Platinum Residence, Nad Al Shiba First, Dubai.

How many units were planned in Platinum Residence?

DLD records list 31 units (24 1 B/R · 6 2 B/R · 1 4 B/R) over 6 floors.

How much of Platinum Residence was built?

DLD inspection records show no construction progress for this project.

Can buyers in Platinum 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 Nad Al Shiba First

Al Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Meydan Business Park Phase 1Meydan City Corporation
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