Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve
the developer behind the project with a legal ultimatum to hand over
their units or issue them with a refund.
Up to ten investors in the luxury complex plan to issue Souq
Residences with legal notice in a bid to force a resolution to a dispute
that has been ongoing for more than a year.
“Most of us purchased these properties back in 2004, we paid for them
in full back in August 2009,” investor Martin Lawrence told Arabian
Business.