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Dubai Real Estate Court ordered a developer to refund AED 746,000 and pay AED 250,000 in compensation after selling a Dubai Marina apartment to another buyer despite an existing purchase agreement. The court rescinded the contract and awarded 5% annual interest, following the developer’s failure to deliver the property.
Read the full article on Gulf Today
Wasl Group and Ssangyong Engineering & Construction signed an agreement to pursue AED 10 billion in Dubai development projects over three years. The partnership will focus on residential, hotel and mixed-use developments, building on their collaboration since 2017 and more than AED 2.6 billion in previously completed projects.
Read the full article on Business Korea
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