Igo101: Cancelled Dubai Project

Cancelled 10.0% built Al Thanyah Fifth ›

Igo101 by Igo Properties Dmcc is recorded as cancelled in the Dubai Land Department registry, with construction recorded at 10.0% complete.

Construction reached10.0%
Construction startedDec 2017
Was dueOct 2023
Escrow agentDubai Islamic Bank (Public Joint Stock Company)

If you bought into Igo101

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.

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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.

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 Believe something here is wrong or out of date?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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