Emaar issues termination notice to defaulters | GulfNews.com:
"Emaar Properties have issued a termination notice to the defaulters of its Downtown Dubai development.
Defaulters who have not made instalment payments on their units now have 30 days to do so.
“In accordance with Law No (13) of 2008 as amended, and its Executive Regulations, Dubai Land Department (DLD), hereby notifies you to rectify the default within [30] days as of the date of publication of this notice. If you fail to pay the amount due within the specified period, DLD shall take the necessary legal proceeding pursuant to clause No (11) of the aforesaid,” the notice warned."
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