Abu dhabi investors win court case against delayed development

Cases against the development or a delayed project in Abu Dhabi have been won by around 20 investors.

The Tameer Towers project was meant to comprise two towers, including over 1,000 units and retail spaces, set for the delivery in 2011. By the end of that year, though, construction had been suspended at the 13th floor in one of the towers, prompting a group of investors to take legal action against Tameer Holding.

The following year, Tameer issued a statement saying the $1.9 billion project would move ahead and finish its first phase by the fourth quarter of 2013. A legal advisor, though, informs Arabian Business that no new work was begun on the site.

"It didn’t move a millimetre since four years, it is still the same," Shamjeed Nayan of the House of Justice told the site.

"The suspension was increasing day by day and we don’t know what is going on or what is happening."

Now, 20 of approxiamtely 50 claimants have won legal action against the company, receiving an undisclosed amount in compensation. Another 30 cases are set to be heard.