Dubai – Mubasher: Dubai-based real estate development company Union Properties has committed to pay its accumulated dues to Emirates District Cooling (Emicool), a subsidiary of Dubai Investments, as of 1 January 2018 to date through fixed day cheques.

Accordingly, Emicool shall maintain its legal action against Union Properties for the remaining financial dues as per the approved reports on 31 December 2017, Dubai Investments added in a statement to the Dubai Financial Market (DFM).

On 13 June, Emicool and Union Properties signed an agreement regarding the disruption of air conditioning services at the public facilities of Motor City.

It is worth noting that the agreement was sponsored by Real Estate Regulatory Agency (RERA), the regulatory arm of the Dubai Land Department (DLD).