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Schon Properties investors optimistic after DLD seizure of developer's assets

Investors in the UAE and around the world are praising the Dubai Land Department’s decision to seize assets belonging to developer Schon Properties, with many expressing hope that they will receive refunds of money invested into projects that never materialised.

undreds of people – both UAE residents and individuals living abroad – made partial payments of in the AED 7 billion ($1.9 billion) Dubai Lagoon project, which was launched in 2005 and slated for completion in 2008

https://www.arabianbusiness.com/pro...mistic-after-dld-seizure-of-developers-assets
 
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