Dubai Developer Revealed As Bidder On Surfside Condo Site

By Nathan Hale (September 24, 2021, 6:32 PM EDT) -- The opening $120 million offer for the site of fallen Champlain Towers South condominium in Surfside, Florida, came from Dubai, United Arab Emirates-based Damac Properties PJSC, one of the Middle East's largest real estate developers, a court filing revealed Friday.

A motion entered in Miami-Dade County Circuit Court seeking approval of bidding procedures for the 1.88-acre oceanfront site, including the conditional stalking horse bid, listed East Oceanside Development LLC as the would-be purchaser, with Damac Properties as its contact.

The motion was entered in consolidated litigation over the deadly incident by the court-appointed receiver for the ill-fated building's condominium association, Akerman...

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