Developers offer apartments to gowealthy.com to settle dues

Developers in the UAE have offered Gowealthy.com apartments, off-plan and at a very high price, in exchange for millions they owe to the company in commission, company chairman told Emirates 24|7.

“We have been offered off plan properties, at very high prices, by developers who owe millions in commission to us. Units being off plan and steep prices don’t make any sense,” KV Sidharthan said. “We favour out-of-court settlements… we are in negotiations with developers and are flexible in our approach.”

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