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BL Properties Ajman

Hi every one....

Does someone has any news regarding BL Properties?

Royal Oasis tower etc...

Regards

akhiabani's picture

Investors got ripped off

Investors got ripped of by crook developers in an emirate with no investor protection because people issuing the laws are the big crooks themselves...

BL Properties SCAM

BL have basically taken all the funds, so they don't need to build. BL crooks planned this scam from the beginning.
BL Properties were supposed to be a reputable developer , so why can they not finish 1 project in Ajman. The biggest problem is ARR, doing nothing and not pushing the developer to either build or have their project cancelled. How many more years is this nonsense going to go on for.
All ARRA has to offer investors is the same story - "we are still waiting for BL to confirm". Its been nearly 9 years, so ARRA you know that BL has scammed the funds. Why do ARRA just sell the plot and project to another developer- if they have any true intentions. People do not fall for the SWAP scam, you will get another unfinished project sold to you at a higher rate and after people another few instalments the new SWAP project will also stay incomplete.

Has anyone gone to ARRA to get the latest with regards to BL?

Arab Knight 7's picture

BL Properties

It looks like they might have not run away with the money after all. I hired a lawyer and we filed a case to court. After few months court ruled in my favor plus 5%. Lawyer said We have to wait a month now before contacting the bank to get access to the money. Will let you know how it goes so that people can start same procedures to get refund.
Regards,

BL Properties

hello Arab Knight 7,

thank you for sharing this info, Please update us on what happens, we'll be more than happy to help in any way we can.

could you share with us the lawyer contacts ? do we have to do the same to get our money back ?

thank you,

Arab Knight 7's picture

BL Properties

Lawyer gave me some update today and without getting too much in details as they are irrelevant; he claims that very soon we will have all the clearance to try and access the funds at the bank, will update you with the outcome in the next few weeks.
You do not have to use the same lawyer as me if you don't want to, but you will have to do the same procedures and go though court (don't waste your time with ARRA).

Gooday, I have 4 apartements

Gooday,

I have 4 apartements and I would like to follow up on the case.
could you please guide me?

Regards

Arab Knight 7's picture

Update

Yesterday I heard back from lawyer: he said since no one from BL Properties turned at any of the court sessions in my case the judge decided to give another 15 days before enforcing the ruling, then the procedures will take another 10 days. So all together in 25 days I will know for sure whether I will get my money back, if I do I will then refer you to my lawyer.

Hi Have you got any results?

Hi

Have you got any results?

Arab Knight 7's picture

Soon

As I said, court ruled in my favor and execution will be in 15-25 days

BL Properties

Hello Arab Knight 7,
Have you access to the funds at the bank. Can you explain us the steps with your Lawyer.
Regards

Dear all, Hello Arab

Dear all,

Hello Arab knight,

Are BL properties still in Ajman.
Please advise about going to court directly without checking with ARRA.
As i have paid about 30 % already and not sure about the project as it never came up.
Thanks

BL Properties Ajman

Dear all,

Hello Arab knight,

Are BL properties still in Ajman.
Please advise about going to court directly without checking with ARRA.
As i have paid about 30 % already and not sure about the project as it never came up.
Does someone has any news regarding BL Properties?

Altitued tower etc...
Thanks