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Dubai: ‘40pct complete’ rule may cost property defaulters

Posted on 30 August 2010

From Emirates247.com: Dubai developers are reportedly taking advantage of an upturn in construction activity in order to put investors in difficult financial positions, according to media reports.

Some developers are rushing through to the 40 per cent completion stage on projects, in order to issue default notices to buyers who have missed instalments…………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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