One of Dubai's largest property developments, located near the Palm Jumeirah, has lost a crucial early shareholder and has slowed down construction.
Dubai Pearl, the US$3.8 billion (Dh13.95bn) development near the entrance of the Palm Jumeirah, has lost one of its largest investors and construction activity has been scaled back.Dubai International Financial Centre (DIFC) Investments, the commercial arm of the financial free zone, pledged Dh3bn to buy 29 floors of the east tower of Dubai Pearl in late 2008. The deal was one of the last major announcements in the peak of the property boom that year.
For more information visit Dubai real estate
0 comments:
Post a Comment