Revealed: 51 Dubai projects under liquidation process

Dubai Courts says judgments of the committee are final, absolute and unappealable

Two liquidation committees of Dubai Courts are currently processing 51 cancelled projects in the emirate.

According to the list published on its website, one liquidation committee is dealing with two projects, while another is handling with 49 projects.

Each of the individual projects have the names of registered investors, their unit numbers and the amount paid on the unit.

At present, the liquidation panel with 49 projects has asked Emirates Auction to evaluate the land value for seven projects which includes G Office Tower, Sanali Business Tower, Pershing Luxury Beach, G Tower, Global Point, Niki Lauda Tower and Cascade Villa.

Investors who are not registered in the list, can send their names, project details, sales contract, total amount paid with receipts, phone number, email ID and IBAN number to...Read more...

Source: arabianbusiness.com