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Two investors backed out of completing a deal to purchase a plot of land worth Dhs17.2 million despite signing the sale contract, and also failed to pay the deposit cheque of Dhs1.72 million, so the sellers resorted to the Real Estate Court in Dubai to settle the dispute.
According to the case file, the court ruled in absentia to obligate the buyers jointly to pay the sellers Dhs1.72, with a legal interest of 5% annually from the date of the judicial claim until full payment, besides fees and…