Dubai-based Nakheel has been ordered to pay just over $20m to an Abu Dhabi contracting firm for work completed on an unfinished residential project.
Dubai’s largest developer has 14 days to pay Technical Architects General Contracting Company (TAGC) AED58m plus legal fees for failure to pay for work completed in Mogul 3 in Discovery Gardens, a judge at the Dubai World Tribunal said Wednesday.
“This is a significant victory for our client TAGC in its efforts to recover its costs incurred under the terms of the contract it entered into with Nakheel,” Anthony Edwards, head of Hadef & Partners’ Engineering & Construction practice in Dubai, said in an emailed statement.
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