Panel to identify unviable projects for cancellation

The Dubai Land Department and the Real Estate Regulatory Agency (Rera) have set up a committee that will decide on cancellation of "unviable" projects, senior department officials said yesterday.

Addressing an investors' meeting, officials said a committee has been formed to study and analyse non-feasible projects.

"It is a tedious task and requires a lot of paper work. But the committee has been created to address the issue," a senior official said.