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Friday, August 3, 2018

Schon Properties and its Escrow Account seized by Dubai



” An escrow is used in transactions involving the purchase of a property. It is managed by a third party, which can be a bank, that takes care of all the money, funds and other assets related to a real estate deal while both the investor and seller finalize the transaction.Schön Properties
Company
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Schön Properties is a real estate development company located in the United Arab Emirates. It is part of diversified conglomerate Schön Group. Wikipedia
Headquarters: Dubai, United Arab Emirates
Founded: 2007
Area served: Pakistan
Type of business: Privately held company
Did you know: Nasir Schon is the fourth-richest Pakistanis by net worth (₨110 billion (US$1.0 billion)). wikipedia.org
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