Dubai’s Real Estate Court rescinded an AED80 million land sale after the seller failed to transfer ownership, ordering repayment of AED30 million plus 5% annual interest and AED1.5 million compensation to the buyer.
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Dubai property platform Stake is scrapping its 7% exit performance fee and bringing property management in-house after rents fell 12%, occupancy weakened and sales slowed. Occupancy has since recovered to 87%, while Stake is adjusting rents, improving tenant acquisition and reviewing fix-and-flip exits individually.
Read the full article on Arabian Business
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