Real Estate Cancelled Projects Committee Update: March, 2015

The Real Estate Cancelled Projects Committee of Dubai Court has issued a new list on their website regarding real estate properties that have been cancelled and are to undergo liquidation.

The page is tilted “Real Estate Cancelled Projects Committees” and informs that the listed properties have been declared cancelled and the final notice as been served. The listed properties are to be liquidated and the rights to be settled.

” The Committee for the liquidation of cancelled real estate projects in the Emirate of Dubai and settlement of rights related thereof, specializes in liquidation of real estate projects , by which a final decision of cancellation has been issued by Real Estate Regulatory Agency (RERA), Whereas the judgments, orders and decisions issued by the Committee shall be final, peremptory and unappealable by all means of a regular appeal , and shall be executed by the implement Department Dubai Courts “

Investors

People who have invested in the said properties may register to claim their investment in two ways, manually by visiting the courts in person or by registering online.

Please note that the last date for submission for both manual or electronic applications for the properties listed below is on Sunday, 31/03/2015 .

Register Manually

Investors can register manually by paying a visit to the Dubai Courts in the evenings from 02:30 pm to 07:30 pm and visiting the main building “Central Services Hall on the first floor”.

Dubai Courts

Timings: 2:30 pm – 7:30 pm

Central Services Hall on the first floor

Register Online

Registration may also be done electronically by clicking on the name of your project and then filling in the required information.

To register online, please go to the Dubai Court website, http://www.dubaicourts.gov.ae and find the page on the bottom right of the site or use use this direct link to the page, Real Estate Cancelled Projects Committees.

To register online first select the property developer, then select the property and fill in the required information.

Real Estate Cancelled Projects Registration Form Image
Example of the online registration form.

 


The following are the real estate canceled projects that are to undergo liquidation and investors are urged to register their interest as soon as possible.

ALTERNATIVE CAPITAL INVEST GMBH (BRANCH)
  • Sami Q Tower
  • Victory Bay Tower
SUNGWON (FZE)
  • Santeview
AZIZI INVESTMENTS (L.L.C)
  • Al Masa Ii
KHALIFA ALABBAR REAL ESTATE DEVELOPMENT L.L.C
  • Spark
AHMED ABDUL RAHIM AL ATTAR PROPERTIES L.L.C
  • Toronto
  • Vancouver
HYDRA PROPERTIES (L.L.C)
  • Hydra Towers
FORTUNE SERENE LIMITED
  • Fortune Serene
32 GROUP PROPERTIES LIMITED
  • Paris Residence
SAMA EMIRATES ESTATE DEVELOPMENT (L.L.C)
  • The Sama World Tower
View the complete list of all the cancelled projects released so far.

Important Links:

Dubai Courts, http://www.dubaicourts.gov.ae

Please note this article has been written as a public service and CBI Properties is neither a law firm nor any way related to any of the above parties. If you require more information regarding this matter, please contact the Dubai Court or the other involved parties.

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Real Estate Cancelled Projects March 2015
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