When buying property off-plan, it is more often than not a very
profitable investment strategy, the ability to purchase the
property at a lower price than you would for a completed apartment
or villa is very appealing. However, this investment is not without
its risks, and in Dubai, as precedent has shown there have been
many times when projects have been canceled and the investors have
borne the risks.
With attractively lowered prices, it is easy to fall victim to a
canceled project. The Dubai Land Department, aware of the
ever-growing list of canceled projects has established a
specialized committee overseeing such projects, namely, the
Cancelled Real Estate Projects Committee. The committee handles all
regulatory aspects of property development, this committee
specializes in the liquidation of these projects, which have been
canceled by the Real Estate Regulatory Agency (RERA). The committee
provides binding and final judgments on these projects which
