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Tuesday February 7th 2012

Dubai’s biggest developer moves to repossess apartments from defaulting buyers


Dubai’s biggest developer, Emaar Properties, has started proceedings to seize real estate from buyers who have defaulted on payments in apartments.

It is sending letters to owners in flagship development Dubai Marina saying that 40% of the amount they have paid so far will be kept and the properties auctioned if they fail to pay the installments within two weeks. [Read More]

Post Published: 13 May 2010
Author: admin
Found in section: Featured, Real Estate

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