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Investors lose $38m in project
- United Arab Emirates: Thursday, January 25 - 2007 at 08:00
Hundreds of people that bought into a Sharjah residential project say they have lost their investment after the developer closed operations and disappeared, Gulf News reported. Modern Home Real Estate was offering apartments in the 56-storey Sahab Tower. More than $38m is thought have been paid in by investors as deposits.
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James McInerney, News EditorThursday, January 25 - 2007 at 08:00 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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