Is Polaris cancelled?

Polaris is recorded as cancelled in the Dubai Land Department project registry, at 60.5% construction complete. Confirm the current official status directly with the DLD before acting.

How much of Polaris was built?

DLD inspection records put Polaris at 60.5% complete, a figure unchanged since Mar 2025.

What happens to money paid into Polaris?

Off-plan payments in Dubai are held in a RERA-regulated escrow account, in this case administered by Emirates Nbd Bank (P.J.S.C). 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.

Polaris: Cancelled Dubai Project

Cancelled 60.5% built Business Bay ›

Polaris by Silver Sky Properties L.L.C is recorded as cancelled in the Dubai Land Department registry, with construction recorded at 60.5% complete. That percentage has not moved since Mar 2025 — roughly 1 year without recorded progress.

Construction reached60.5%

Last DLD inspectionMar 2025

Construction startedAug 2007

Was dueFeb 2025

Units planned604

Escrow agentEmirates Nbd Bank (P.J.S.C)

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 Polaris — the clearest public evidence of what happened on site.

12 March 2025

60.51% complete
10 October 2024

57.30% complete
8 July 2024

54.13% complete
15 February 2024

50.08% complete
18 July 2023

40.02% complete
2 March 2023

37.91% complete
22 July 2022

35.27% complete
27 September 2021

34.55% complete
4 February 2021

33.49% complete
3 May 2020

33.38% complete
23 September 2019

34.38% complete
29 January 2019

34.04% complete

If you bought into Polaris

Your money should be in escrow. Dubai law requires off-plan payments to be held in a RERA-regulated escrow account, administered here by Emirates Nbd Bank (P.J.S.C). 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 Polaris?

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.

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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.