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Request for Real Estate Project Cancellation

Description
This service allows real estate developers to apply for deregistration of their real estate projects for reasons beyond their control which prevents them from completing these projects, or for lack of investors due to withdrawal of investors to join other projects pursuant to settlements. Where a developer fails to complete a project, or fails to commence a project for six (6) months after the date of registration and approval of the project, the Real Estate Regulatory Agency shall have the right to apply Article 23 and Article 24 of Executive Council Resolution No. (6) of 2010 Approving the Implementing Regulation of Law No. (13) of 2010.
All real estate developers who have real estate projects in freehold areas are eligible to apply for this service.

The service is provided by the Real Estate Developers Registration Section  the Real Estate Trust Account Development  Department.

Required Documents
  1. Application form for Deregistration indicating the reasons for applying for deregistration
    - The project land must be registered with the Dubai Dubai Land Department
    - A written undertaking to refrain from selling any of the project units off-plan (on the undertaking form prescribed by the Real Estate Regulatory Agency “Attachment”)
  2. The developer shall publish an announcement in Arabic and another foreign language in an official newspaper for a period of three (3) days, and shall provide an original copy of the announcement to the Dubai Dubai Land Department
  3. A recent financial report issued by an auditor certified by the Real Estate Regulatory Agency
  4. List of Contact Details
  5. Signed and stamped Memorandum of Association
  6. Fill Undertaking A and Undertaking B
Service Procedures

The Client shall access the Oqood Portal and choose Trust Account System and apply for Request to cancel a project along with attaching all the requirements and once the internal procedure is completed an email is sent to client to enter the oqood portal and print the certificate .

Service Fee
N/A
Service Branches

Oqood Portal- Real Estate Developers Portal

Related Services Oqood System
Additional Information

​N/A

Last updated 10/02/2019 15:17:42
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