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).
He invested in the property in 2007 and, to this day, is still trying to gain clarity about the construction status of the now-abandoned site.
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