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CancelledStatus in the DLD project register · project no. 1733

Safeer Residences 2

Safeer Residences 2 in Wadi Al Safa 5, Dubai: DLD project no. 1733, registered 2016, listed as cancelled in the DLD project register. Developer: Alseeb Real Estate Development L.L.C.
54.7%Completion recorded
8Floors
2016Registered with DLD
6DLD site photos
Safeer Residences 2, Wadi Al Safa 5: project render
DLD status

Status and what it means

Safeer Residences 2 is a real-estate project in Wadi Al Safa 5, Dubai, registered with the Dubai Land Department (DLD) as project number 1733 in 2016 by Alseeb 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 18 February 2018 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 54.7% at the latest inspection on 18 February 2018. The structure was partially built before work stopped. It was planned with 8 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

AreaWadi Al Safa 5
DeveloperAlseeb Real Estate Development L.L.C
DLD project number1733
DLD statusCancelled
LocationSafeer Residences 2, Wadi Al Safa 5, Dubai
Registered with DLD6 March 2016
Construction start (planned)1 August 2015
Planned completion31 July 2017
Latest DLD inspection18 February 2018
Completion recorded54.7%
Floors8
Escrow bankNoor Bank P.J.S.C
Timeline

Registration and inspection history

  1. Planned construction start
  2. Registered with DLD
  3. Planned completion
  4. DLD inspection · completion 54.7%

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: 25.0876954, 55.38248665

DLD inspections

Site photos from DLD inspection records

Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018
Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018
Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018
Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018
Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018
Safeer Residences 2, Wadi Al Safa 5: Dubai Land Department inspection photo, February 2018
DLD inspection photo, 18 February 2018

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 Safeer Residences 2

  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 Safeer Residences 2 cancelled?

The Dubai Land Department project register lists Safeer Residences 2 (DLD project no. 1733) with the status "Cancelled". DLD does not publish the date of the cancellation decision in its public records.

Who was the developer of Safeer Residences 2?

Safeer Residences 2 was registered with DLD by Alseeb Real Estate Development L.L.C (developer no. 1014).

Where is Safeer Residences 2 located?

Safeer Residences 2 is in Wadi Al Safa 5, Dubai. The DLD location record reads: Safeer Residences 2, Wadi Al Safa 5, Dubai.

How much of Safeer Residences 2 was built?

The latest DLD inspection recorded 54.7% completion.

Can buyers in Safeer Residences 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.

Nearby

Other cancelled projects in Wadi Al Safa 5

Sondos Zinnia, Wadi Al Safa 5: project renderSondos ZinniaAl Sondos Real Estate L.L.CAl Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Sondos IvoryAl Sondos Real Estate L.L.CAshai Tower 5, Jumeirah Village Circle (JVC): cancelled Dubai project (highrise icon)AuroraEsca Properties LlcGerman Supreme Residence 1, Wadi Al Safa 5: Dubai Land Department inspection photo, January 2022German Supreme Residence 1Pyamod Homes Consultancy Llc(Ebony1) Jumeirah Business Center8, Al Thanyah Fifth: cancelled Dubai project (plot icon)Sheffield MidtownSheffield Real Estat.L .L .CAl Ferdows, Jumeirah Village Circle (JVC): cancelled Dubai project (midrise icon)Zoya LivingBrillana Real Estate Development L.L.C
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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