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Ivory Tower investors get cancellation threats
- United Arab Emirates: Tuesday, September 02 - 2008 at 08:40
Investors in the much-maligned Ivory Tower project in Dubai continue to be threatened with cancellation of their contracts, reported Gulf News. One investor said that although Dubai's Real Estate Regulatory Authority is backing investors, Saudi developer Sokook is still sending 14-day notices instructing investors to pay the remaining 90% on their units or the contracts will be cancelled.
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