Is Paramount Hotel-Jumeirah Waterfront cancelled?

Paramount Hotel-Jumeirah Waterfront is recorded as cancelled in the Dubai Land Department project registry, at 7.0% construction complete. Confirm the current official status directly with the DLD before acting.

How much of Paramount Hotel-Jumeirah Waterfront was built?

DLD inspection records put Paramount Hotel-Jumeirah Waterfront at 7.0% complete, a figure unchanged since Nov 2015.

What happens to money paid into Paramount Hotel-Jumeirah Waterfront?

Off-plan payments in Dubai are held in a RERA-regulated escrow account, in this case administered by Abu Dhabi Islamic Bank. 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.

Paramount Hotel-Jumeirah Waterfront: Cancelled Dubai Project

Cancelled 7.0% built Madinat Dubai Almelaheyah ›

Paramount Hotel-Jumeirah Waterfront by Damac Development(L L C) is recorded as cancelled in the Dubai Land Department registry, with construction recorded at 7.0% complete. That percentage has not moved since Nov 2015 — roughly 10 years without recorded progress.

Construction reached7.0%

Last DLD inspectionNov 2015

Construction startedJan 2014

Was dueDec 2017

Escrow agentAbu Dhabi Islamic Bank

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 Paramount Hotel-Jumeirah Waterfront — the clearest public evidence of what happened on site.

16 November 2015

7.00% complete
31 August 2015

6.00% complete
16 April 2015

2.80% complete
13 May 2014

0.18% complete

Reading the pattern: repeated inspections returning the same percentage over 10 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 Paramount Hotel-Jumeirah Waterfront

Your money should be in escrow. Dubai law requires off-plan payments to be held in a RERA-regulated escrow account, administered here by Abu Dhabi Islamic Bank. 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 Paramount Hotel-Jumeirah Waterfront?

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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.