Sky Gardens at centre of battle over ownership - The National Newspaper

Taaleem, the UAE’s second-largest private school operator, has filed a claim against National Bonds Corporation and Deyaar Development as part of a Dh236.5 million (US$64.3m) dispute over a high-end property development.

The lawsuit, filed in the Dubai International Financial Centre (DIFC) Courts, has uncovered a dispute involving high-profile players from the country’s property market.

Sky Gardens, a blue glass and yellow stone 43-storey building near The Gate, was bought for Dh1.64 billion at the peak of the market in the summer of 2008 by Amlak, the Islamic home finance company.