Surfside condo collapse site to be sold for $120 million to Dubai developer, no other bids

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MIAMI — The beachfront property where 98 people died in last year’s Surfside condo collapse will be sold to a billionaire developer from Dubai for $120 million after no other bids were submitted ahead of a Friday evening deadline.

Hussain Sajwani, of DAMAC Properties, was the lone bidder for the 1.8-acre parcel, according to Michael Fay of commercial real estate company Avison Young, who was appointed to market the land as part of a class-action lawsuit.

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