Dubai's Real Estate Regulatory Authority said that investors should approach the Dubai Islamic Bank and provide documents proving their ownership.
The regulator stepped in after a dispute broke out between DIB and Plantation Holdings after units in the prestigious project were sold.
'The rights of all parties who invested in the project are 100% guaranteed, based on the DIB management's commitment to all the contracts and agreements signed between the developer and the investors, as long as they are proven,' said Marwan bin Ghalita, head of RERA.
The $3.5 billion Plantation Equestrian and Polo Club, launched in 2004, promised 110 luxury manor houses, a five star boutique hotel, country club with fitness centre, swimming pool, air-conditioned stables for 800 horses, an equestrian and polo academy, five polo fields, international show jumping ring, cross country course, veterinary centre and an air conditioned indoor riding arena set in 20 million square feet of land 15 minutes from Dubai City.
Plantation was also due to hold its first international polo events next April. What will happen now is still unclear.
There is currently a police investigation into various financial activities of those connected with the project. At least two former DIB executives, along with Plantation's British owner, are being questioned by Dubai police. As Plantation was collateral for a loan provided by the DIB, it has now assumed ownership. Plantation Holdings disputes this.