Project on The Palm goes to Dubai World Tribunal - The National

A joint venture part-owned by the largest foreign developer on The Palm Jumeirah is seeking payment of Dh920 million (US$250.4m) from Nakheel in the Dubai World Tribunal.

The Dubai property company faces a claim over the alleged non-cancellation of a deal in the biggest case so far before the tribunal.

The claim is the second volley in an intensifying legal skirmish between Nakheel, the developer that built The Palm, and Souq Residences, the partnership behind the emirate’s Golden Mile.