The developer of the world's tallest residential building under construction in Dubai Marina is in default on a Dh75 million (US$20.4m) loan.
Trident International Holdings, which is building the Pentominium tower, is more than 200 days overdue on profit payments on the overdraft facility, according to Noor Islamic Bank.
Construction on the Pentominium, planned to rise to 516 metres, has been stalled since March, the bank said.
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