Hundreds of property buyers are desperate for answers, facing an uncertain future and fearing the loss of their investment after a project — that was first launched 19 years ago in 2005 — was recently marked as “under cancellation” by the Dubai Land Department.
For 17 years, Dubai resident Bibhu has longed to see his dream home in the Lily Zone at the Dubai Lagoon site in Dubai Investments Park (DIP).
Heather Copland had dreamed of owning a home in Dubai for 16 years but left the emirate in June 2023 without fulfilling that aspiration.
“I bought a one-bedroom apartment in Zone 3, 704 Lily, as a second buyer in September 2007, paying Dh584,250 plus a Dh10,000 parking fee to Schon Properties. When construction stopped,
“We investors were encouraged to pay the remaining balance on our payment plan and the car parking fee to help expedite completion, which we did in full.
