Poll

What do you want to do finally if you didn't have paid installments since financial crisis?
I want to negotiate with the developer for rescheduling the due installments
10%
I want to pay all due installments together when the developer complete the building
17%
I want to cancel my contract by law because they didn't deliver the building on time
55%
I can't do anything because my contract was canceled and developer isn't responsible
1%
I don't have enough money to pay the due installments and i have no idea at present
3%
I'm waiting to see what happens in the future or what other buyers will do
13%
Total votes: 126
akhiabani's picture

We need to Fight them

It has been over two years past the hand over date on most of the towers and some even over four years in EC.We as investors are down to two choices in my opinion.
1-To forget everything as a lose and walk away.
2-To get united and fight this injustice in a courtroom.

akhiabani's picture

Recovery of funds from Stargiga

Dear friends and members of this forum davehrm, dubi-guy and riggerthree:
Please let us know the end game.Did you guys finally get your money back from stargiga?
This info will be very important for members who are thinking about filling but not sure about recovering.

lawyer Address

Please list some legal adviser with address who can deal with EC Ajman case.

Legal Adviser

Please list some legal adviser with address who can deal with EC Ajman case.

Construction status

Has anybody visited the Paradise Lake Towers area in recent days to ascertain the situation on the ground? No updates have been put up by Sweet Homes this month, so was wondering whether the snail's pace of progress is intact or frozen yet again. Still hoping that at least some of the towers in Emirates City will be delivered in our lifetime.

PETITION "Ajman Real-estate Regulatory Agency (ARRA) and Ajman Government: Refund our money."

Dear All,

I have just joined a petition via this link http://www.change.org/petitions/ajman-real-estate-regulatory-agency-arra... , started by Johnatan Anderson and sent to me by Asma Hussain (thank you)if you are interested, please use this link .

unite investors (http://www.emiratescity.org/users/unite-investors) has sent you a message via your contact form
(http://www.emiratescity.org/user/4265/contact) at Emirates City Forum.

BONYAD DEVELOPERS LIMITED - The Absconding Fraudsters of Crystal Residency, Ajman.

So the developers of this project, who have gone bust and have come up with a number of excuses in the past 2 years (“our contractor ran away”, “we are looking at swap options”) appeared to have gone silent. Either they have escaped the emirates OR they have decided that since ARRA is no longer interested in pursuing the matter, why would they care?

I believe that the reason they have been sitting prettily over funds from us investors is as follows:

- No one has filed an official complaint with ARRA.
- No one has filed a police report
- No one has sued them for breach of contract

akhiabani's picture

Where is the Justice?

"God will punish the pretenders.Action is needed not just empty words.Government of Ajman is holding lot of money from muslim brothers and sisters who put their life savings to provide shelter for their families and you are not helping them on this good cause of fighting this evil."
Part of my email to uae higher up.

akhiabani's picture

Hope Ajman will follow

Dubai investors to get full refund if developers default on handover
Proposed Investor Protection Law also makes it mandatory for developer to provide all promised common facilities
Property investors in Dubai will be eligible for cancellation of their contracts and may seek “full” refunds if the real estate developer fails to provide the promised unit or services within a specific timeframe, according to a proposed new Investor Protection Law.

ARRA(RHolding) has an official swapping agency

I stumbled upon ARRA site and found that they have one agency for swapping.

http://www.charlestates.ae

Can someone get in touch with them to know the prices?

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