CancelledStatus in the DLD project register · project no. 1307

Rasha 2

Rasha 2 in Dubai, Dubai: DLD project no. 1307, registered 2011, listed as cancelled in the DLD project register. Developer: Lootah Real Estate Investement.

55.4%Completion recorded

193Planned units

10Floors

2011Registered with DLD

DLD status

Status and what it means

Rasha 2 is a real-estate project in Dubai, Dubai, registered with the Dubai Land Department (DLD) as project number 1307 in 2011 by Lootah Real Estate Investement.

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 6 February 2014 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 55.4% at the latest inspection on 6 February 2014. The structure was partially built before work stopped. It was planned with 193 units across 10 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

Area	—
Developer	Lootah Real Estate Investement
DLD project number	1307
DLD status	Cancelled
Location	Rasha 2, Al Qusais Industrial Fourth, Dubai
Registered with DLD	9 January 2011
Construction start (planned)	18 August 2009
Planned completion	23 May 2011
Latest DLD inspection	6 February 2014
Completion recorded	55.4%
Units	193
Floors	10
Project area	21,755 m²
Unit mix	13 Shop · 36 Office · 18 Studio · 52 1 B/R · 56 2 B/R · 18 3 B/R
Escrow bank	Emirates Islamic Bank P.J.S.C.

Timeline

Registration and inspection history

18 August 2009Planned construction start
9 January 2011Registered with DLD
23 May 2011Planned completion
23 January 2013DLD inspection · completion 47.5%
20 May 2013DLD inspection · completion 54.7%
6 February 2014DLD inspection · completion 55.4%

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: 25.276987, 55.296249

DLD inspections

Site photos from DLD inspection records

Rasha 2, Dubai: Dubai Land Department inspection photo, February 2014 — Photo: Dubai Land Department project inspection, February 2014

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 Rasha 2

Gather your evidence. Sale and purchase agreement, all payment receipts, escrow deposit confirmations, and any correspondence with the developer.
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.
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.

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Questions

Frequently asked questions

Is Rasha 2 cancelled?

The Dubai Land Department project register lists Rasha 2 (DLD project no. 1307) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Rasha 2?

Rasha 2 was registered with DLD by Lootah Real Estate Investement (developer no. 876).

Where is Rasha 2 located?

Rasha 2 is in Dubai, Dubai. The DLD location record reads: Rasha 2, Al Qusais Industrial Fourth, Dubai.

How many units were planned in Rasha 2?

DLD records list 193 units (13 Shop · 36 Office · 18 Studio · 52 1 B/R · 56 2 B/R · 18 3 B/R) over 10 floors.

How much of Rasha 2 was built?

The latest DLD inspection recorded 55.4% completion.

Can buyers in Rasha 2 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.

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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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