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Palm Springs project now back on track
- United Arab Emirates: Thursday, April 17 - 2008 at 07:09
Dubai's Land Department has successfully mediated a dispute between property developer Damac and investors in the Palm Springs project in Jebel Ali, according to Sultan Bin Butti Bin Mejrin, director general of the Land Department. The project, which was launched five years ago, is now back on track and will be developed in keeping with the original investor contracts and Damac's contract with Nakheel, master-developer of the Palm Jebel Ali. Bin Mejrin said the Land Department intervened to protect both investors' interests and Dubai's reputation in the property market, reported Gulf News.
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Jeff Florian, Senior ReporterThursday, April 17 - 2008 at 07:09 UAE local time (GMT+4)
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