A group of investors in a stalled Dubai property development called off a protest in front of Harrods today after the developer agreed to a meeting.
About 20 buyers in the Palm Springs project on Palm Jebel Ali were scheduled to march in front of the iconic London department store, where developer Damac is promoting a Saudi Arabia development.
The buyers planned to express their frustration at what they see as the lack of discussions about the fate of their investments in the development, which was originally marketed in 2003. Master developer Nakheel has listed Palm Jebel Ali as long term project while it focuses on other developments.
"The protest is all about saying to Damac we're serious and we're not going away," Craig Murray, a spokesman for the group, said earlier.
But after discussions with Damac the demonstration was called off. A meeting between the group and Damac representatives has been scheduled for Wednesday in London.
Damac said it will provide a set of options to investors at the meeting, Mr Murray said.