Investors in the White Bay project, now under liquidation, are being offered a property swap option by a Dubai-based developer, who claims to have approval from the liquidators to make such an offer, Emirates 24|7 can reveal.
“We are presenting this offer with the permission of liquidators. The offer is part of our move towards offering a viable solution to affected customers from other developers. This also adjusts the new sales of our own units,” Ahmed Shaikhani, Managing Director, Memon Investments, said in an emailed response.
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