Friday 7 August 2009

Few solid answers for weary investors

Three years ago, Sudesh Kapoor, a Londoner, put down her name and £45,000 for a £103,000 one-bedroom apartment in Marina Suites, a hotel-apartment development launched towards the end of 2005 and expected to be completed by early 2007.

Mrs Kapoor, 63, planned to live in Dubai for part of each year and supplement her income by renting out the apartment the rest of the time.

Today, however, work on the site remains stalled, with little to be seen beyond excavation and basic groundwork.

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