Cadi 2: Cancelled Dubai Project

Cancelled 7.0% built Al Barsha South Fourth ›

Cadi 2 by New World Invest Ltd is recorded as cancelled in the Dubai Land Department registry, with construction recorded at 7.0% complete. That percentage has not moved since Sep 2012 — roughly 13 years without recorded progress.

Construction reached7.0%
Last DLD inspectionSep 2012
Construction startedApr 2009
Was dueNov 2014
Units planned1
Escrow agentMashreq Bank Psc

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 Cadi 2 — the clearest public evidence of what happened on site.

Reading the pattern: repeated inspections returning the same percentage over 13 years indicate a site where work stopped rather than one progressing slowly. The structure recorded at 7.0% is, on this evidence, standing incomplete.

If you bought into Cadi 2

Your money should be in escrow. Dubai law requires off-plan payments to be held in a RERA-regulated escrow account, administered here by Mashreq Bank Psc. 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 Cadi 2?

Tell us which applies and we'll come back with something specific — not a sales call.

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.

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.

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