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Dubai: Hundreds of investors in Dubai’s Marina 101 skyscraper project are finally getting some relief. The long-delayed Dh1 billion project could soon see the completion of the additional 3 per cent external work that will then allow property owners to get on with fitouts and then move in.
Work was stalled in 2019 after the developer, Sheffield Real Estate, faced issues over loan repayments with its banks. The Marina 101 project was launched in 2005, and at the time was one of Dubai’s signature skyscrapers in the making. At the time when work was halted, the project had gone past the 97 per cent mark, according to the Dubai Land Department date.