A group of investors, claiming two-third majority, has twice petitioned Dubai's Real Estate Regulatory Agency (Rera) for cancelling Arabian Tower project in Jumeirah Village.
MF Khan, a spokesperson for the group, told Emirates Business that the group had met senior Rera officials on April 1 with a petition for cancellation of the project by Dubai-based AA Global.

The Rera official, he said, told them that the agency had the power to cancel the project, but will first conduct its own investigation to validate the facts/claims of the group of investors.
The next day the group submitted a detailed petition with Arabic translation to Rera's office. Since there was no information from the agency, the investors submitted a second petition with signatures of more buyers to the legal department of Rera.