Tuesday 9 June 2009

Buyers walk as Ivory Tower work halts

Foundation work on the long-delayed Ivory Tower in Dubai, which began six months ago, has again reached a standstill.

Hundreds of buyers are walking away from their investment in the Sokook Investment Group’s project, which is already three years overdue.

“Why should we pay for an imaginary tower?” asked one investor who declined to be named.

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