17:15 07.02.2010 | All news from "Real Estate News"

Al Attar Properties investors served legal notices

Bipin Tavarool, Projects Manager and Head of Projects & Finance at Al Attar Properties has said that investors in the company's The Skyscraper commercial tower have been served legal notices seeking payments to continue with construction, Emirates Business has reported. "Only five to 10 clients have paid... we have an outstanding of about Dhs68m on the project," Tavarool told the newspaper. "Clients need to pay. We were not collecting any money from clients on any of our projects for the past 18 months... now we are starting and so they should pay," he added.

http://www.ameinfo.com/