Is Alsaqran Tower cancelled?

Alsaqran Tower is recorded as cancelled in the Dubai Land Department project registry, at 38.2% construction complete. Confirm the current official status directly with the DLD before acting.

How much of Alsaqran Tower was built?

DLD inspection records put Alsaqran Tower at 38.2% complete, a figure unchanged since Aug 2021.

What happens to money paid into Alsaqran Tower?

Off-plan payments in Dubai are held in a RERA-regulated escrow account, in this case administered by Dubai Islamic Bank (Public Joint Stock Company). When a project is cancelled, the Real Estate Judicial Committee oversees liquidation of the escrow and the refund process. Contact the DLD and take legal advice on your specific case.

Alsaqran Tower: Cancelled Dubai Project

Cancelled 38.2% built Al Thanyah Fifth ›

Alsaqran Tower by Al Saqran Tower Investments (L.L.C) is recorded as cancelled in the Dubai Land Department registry, with construction recorded at 38.2% complete. That percentage has not moved since Aug 2021 — roughly 4 years without recorded progress.

Construction reached38.2%

Last DLD inspectionAug 2021

Construction startedMar 2009

Was dueFeb 2024

Escrow agentDubai Islamic Bank (Public Joint Stock Company)

What happened: the official inspection record

The Dubai Land Department inspects registered projects and records a completion percentage at each visit. This is the recorded history for Alsaqran Tower — the clearest public evidence of what happened on site.

10 August 2021

38.15% complete
28 January 2018

39.65% complete
22 August 2017

39.58% complete
8 February 2017

39.21% complete
27 April 2016

36.90% complete
21 May 2015

35.34% complete
16 December 2014

33.52% complete
9 August 2014

42.20% complete
26 March 2013

42.20% complete — no change from the previous inspection
18 December 2012

40.12% complete
11 June 2012

35.50% complete

Reading the pattern: repeated inspections returning the same percentage over 4 years indicate a site where work stopped rather than one progressing slowly. The structure recorded at 38.2% is, on this evidence, standing incomplete.

If you bought into Alsaqran Tower

Your money should be in escrow. Dubai law requires off-plan payments to be held in a RERA-regulated escrow account, administered here by Dubai Islamic Bank (Public Joint Stock Company). When the DLD cancels a project, the Real Estate Judicial Committee oversees liquidation of that escrow and the refund process for buyers.

What to do: contact the Dubai Land Department with your contract and payment records and ask for the current status of the project file and the liquidation process. Keep every receipt, SPA and Oqood registration document. Refund outcomes depend on what remains in escrow and on the committee's determination, so take legal advice specific to your contract rather than relying on general guidance.

Verify before you act. This page reflects DLD open data at the time of publication. Registry records change. Confirm the current official position with the DLD directly.

Need help with Alsaqran Tower?

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Checking a project before you buy

The pattern behind most entries in the cancellation registry is consistent: payments made outside a registered escrow account, a developer with no completed projects to inspect, or a location with no surrounding infrastructure at the time of launch. Before committing to any off-plan purchase, confirm the project is RERA-registered, confirm the escrow account exists and that your payments go into it, and go and physically look at something the developer has already delivered.

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Source: Dubai Land Department open data. This page states matters of public record and is not a judgement about any company. Believe something here is wrong or out of date? Tell us and we will verify and correct it.