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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

Arab Knight 7's picture

Update on BL properties

Now the lawyer did everything in his power and finally finished the whole long painful legal process. You have no idea how complicated this process is but after a long year everything is sorted. Now; the court order, the legal papers, authorisations, developer business certificate and many many more documents requested have been provided to the bank in order to access the funds and we just have to wait for them to get back to us. We should get a positive answer but I don't know how long we have to wait. Will let you guys know as soon as I hear back from my lawyer.

Dear Arab Knight, Thanks for

Dear Arab Knight,

Thanks for the update.
Since we invested long back in 2008, do you think we can make the case now after more than 9 years.
Is there any restrictions for number of years .

Please advise the lawyer contacts and how much is to be paid to the lawyer approx.?

Thanks

whatsapp group

Can someone start a whatsapp group for discussion please.
add my number
0508783570

Arab Knight 7's picture

To make a case

I have myself invested back in 2006 and was able to make a case against them a year or so ago, so there are no restrictions in term of years to sue them over your money.
I would advise everyone who lost their money to BL Properties to wait until I get the final result on my case so that you don't waste more money on lawyer and court fees unless there is a positive outcome after all this. As soon as I get a feedback I will update you here. If I don't give an update in 3-4 weeks time, feel free to send me a reminder on my personal email mahdy27@hotmail.com

Dear Friend, Any updates now

Dear Friend,

Any updates now after 3 weeks as you said...?
Also what is the approx cost spent on the lawyer?

Are BL properties available in UAE, if any one know and they some in defence of the case registered against them.

I have paid more than 30 % of the total cost and stopped thereafter... No Title deed made...
Are any good chances to claim back the money via case?

Thanks for all the replies.
Shahnawaz

Dear Friend, Any updates now

Dear Friend,

Any updates now after 3 weeks as you said...?
Also what is the approx cost spent on the lawyer?

Are BL properties available in UAE, if any one know and they some in defence of the case registered against them.

I have paid more than 30 % of the total cost and stopped thereafter... No Title deed made...
Are any good chances to claim back the money via case?

Thanks for all the replies.
Shahnawaz

Arab Knight 7's picture

Waiting game

Any updates now after 3 weeks as you said...?

I have been in touch a week ago with my brother in law in Dubai who is following up the matter closely with the lawyer:
After going through the long lasting legal process, winning the case, getting the court order and contacting the bank; there is nothing we can do now but wait for the bank to get back to us. This applies with 99% of similar cases, you just have to wait and hopefully this won't drag for long.

Also what is the approx cost spent on the lawyer?

Once outcome is positive I can hook you up with the lawyer who can explain the fees depending on the case, but expect to spend between 10k to £15000 throughout the whole process.

Are BL properties available in UAE?

BL Properties fled from Dubai and no one represented them in defense.

I have paid more than 30 % of the total cost and stopped thereafter... No Title deed made...?

As long as you have proof of money transfer, a signed contract and other paperwork, you can do the same procedure as I did.

Are any good chances to claim back the money via case?

I will be able to confirm this for good once we hear back from the bank who is supposed to have BL Properties escrow account...Hopefully yes with God's Will

Thanks Habibi, Already lost

Thanks Habibi,

Already lost AED 100,000 for the flat purchase.
Now if you say spending 10 to 15k GBP on this woudl be around AED 50 to 60k.Will this be worth?

Also I dont have Contract only initial siging sheet with the receipts of payments made to BL properties.

Can you advise any further?

Thanks

Arab Knight 7's picture

Advice

My advice would be wait until I know the outcome of my case. If there is money in the bank and I get it back then a AED 40K guaranteed back will be worth it. Just be ready to wait for 14-18 months though!
Patience for now is the best you can do.