A construction company based in Dubai has filed a claim for Dh$49 million ($13.7m) against Nakheel with the Dubai World Tribunal, in the biggest case the body has faced.
The action will be closely followed by the industry as debt restructuring negotiations continue with the developer.
Construction Delivery Group (CDG) says it is owed the money, as well as interest and damages, for managing 1,224 villas and 114 “Canal Cove homes” on the Palm Jumeirah while they were being handed over to owners. The contract lasted from March 2007 to January last year.
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