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Dubai: Even as Dubai works out solutions for extensively delayed/shelved projects launched by private developers in the past, one group of property investors in these projects will have no reason to cheer. These are the unfortunate ones not to have their unit sales recorded in Dubai Land Department’s ‘Oqood’ offplan sales register for various reasons. Nowhere is this more apparent than at the Dh1 billion Marina 101 skyscraper development in Dubai Marina. According to feedback from investors, there are “more than 50 buyers” who don’t have the Oqood certificates and will “lose everything” when a settlement is reached. “It is believed that among them is an investor who bought a Dh30 million penthouse, and which he failed to get registered.”

United arab emiratesGulf newsIbrahim hanifehDubai land departmentLitigation at abdulla alawadi associatesDubai land department oqoodImage creditSheffield real estateSenior associateAbdulla alawadiDubai landஒன்றுபட்டது அரபு அமீரகங்கள்வளைகுடா செய்திதுபாய் நில துறைபடம் கடன்மூத்தவர் இணை