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PAYMENTS

YOU ARE STILL PAYING.
21% (71 votes)
YOU HAVE STOPPED ALL PAYMENTS.
62% (206 votes)
YOU HAVE RESCHEDULED YOUR CONTRACT.
8% (28 votes)
YOU HAVE GIVEN POST DATED CHEQUES
4% (14 votes)
YOU HAVE TAKEN LEGAL ACTION
4% (12 votes)
Total votes: 331

Comments

rohtahir's picture

payments

As the escrew account has not been made by my developer ( Star Giga), They told me to pay in the escrew account when they will give me the account details. So,far i am waiting for their reply.

GOLD CREST TOWER A

STILL WAIITNG , NO GET ANY RESPONSE, IF ANYBODY THIS SCHEME PL CONTACT 050-3497781 bennijohn@hotmail.com

Alrashed has runaway and

Alrashed has runaway and govt no action . Payments huh ?

Musafir's picture

i think not paying people

i think not paying people who are not paying because have been told by developer etc not to pay till they get escrow should not tick not paying, because technically they are still paying and fulfilling all contractual duties and timescales as told by the developer etc (as developer under ARRA rules had to accept rule investor doesnt have to pay any more until escrow set up).

my developers were cheeky, they started contruction few months before escrow, then when escrow came about got quick registration and now suddenly stopped construction !!! (Chapal!!!) :jawdrop:

Appears the basis of this pole is to see who is still paying and those who are refusing to pay (perhaps the wording of the original question could have been better)

GOLD CREST TOWER A

AM REALLY FEDUP THIS PEOPLE, NO GET ANY PROPER RESPONSE,ALSO NO ATTNED ANY CALL,DONT KNOW THEIR OFFICE WHERE,I THINK THEY CHEATED. IF ANYBODY ABOVE SCHEME PL CONTACT ME :050-3497781

Payments

I have stop payment on my developers B13 request, as they are still not registered with ARRA Musafir is right inverstor like me have asked to stop payment by our developers where as I want to do the payment as my developer gets ascrow a/c

The Emirates City's picture

so i thin if developer has

so i thin if developer has asked you not to pay until regestration with arra this means
RESCHEDULED

Rescheduled no way

Its not rescheduled no construction no registration no nothing from ARRA no reply from Developer just waiting for something to heppen this is no way rescheduled for me what is your opinion in this situation the emirates city?

This result will be rather

This result will be rather vague, as I think we need more clarification, for example as to why people stopped paying, Could be because they dont want to, paid according to construction, told to stop payments by ARRA or developer, etc.

We need to design another poll, suggestions welcome.

Thanks,
Paul

payment

Dear All
Everybody should stop payment untill the following conditions are met:
1- registration at ARRA is completed.
2- Escrow account is established.
3- A revised payment plan linking payment to construction stages is approved.
4- New contract that would show changes in payment plan and completion date is prepared and signed.
These are the minimum requirements for payment.
Belive me , you will regret it if you make payment without getting the minimum requirements to safeguard your investment.

payment

everythings that developers aid are lie. it is a big mistak if we pay them again , must of buyers pay settelmentes on time untile the time of handover in contract but developer do not commitment to even one of their commtments.

GOLD CREST TOWER A

if we pay instalment ,who give us the guarantee geting the flat ! pl contact 050-3497781 bennijohn@hotmail.com

YES we need to create a new poll with more clearity

I think we need to break up the non payment points
we need
Still paying as per original contract
Rescheduled payments
Given pdc's
Taken legal action
Not paying as ARRA asked to stop
Not Paying as developer asked to stop
Not paying as already paid the amount as per the contract and waiting for handover
Not Paying even after Escrow when ARRA and Developer is asking for payments.

Any more suggestions are welcome

The Emirates City's picture

Not paying as ARRA asked to

Not paying as ARRA asked to stop
is stopped paying
Not Paying as developer asked to stop
is RESCHEDULED
Not Paying even after Escrow when ARRA and Developer is asking for payments.
is stopped paying
Not paying as already paid the amount as per the contract and waiting for handover
still paying

what do you think ?

Poll clarity suggestion

Why don't we have a poll with just two simple options:1. Are you still paying your installments to your developer (as per original schedule or otherwise)? 2. Have you stopped making payments?

Musafir's picture

perhaps have you

perhaps have you unilaterally stopped payments (contrary to arra/developer/contractual obligations ?

Separate poll for developers point of view

There could be a separate poll for the developers in this site. The proposed options could be as to why the developers are refusing to reschedule payment inspite of the project delay and non-compliance in meeting the contract completion date. And why the developers and its allies are at present not capable of providing the infrastructure and the top class facilities promised. Possible reasons for choice for the developer could be 1) want to grab money as the amounts involved are huge, 2) feeling that the authorities could side with them 3) previous experience of grabbing money in other businesses in their own country, 4) First want to collect as much money as possible from investors and then run away, as some who have already done. 5) Other justified reason (.....state clearly) for the poll.

PDC

Hi everyone, i have PDC with SH and i am afried if i stop my payments, they will take me into legal action, does anyone of you stop payments for PDC.?? and what are the complications ? please answer honestly cause you all are the ones who i can trust at the moment. so please if anyone one have an experiance like me, i will highly apprecite the advise.

Thank you

pdc stop

Dear,
Consult your bank to stop the payments what ever cheq u issued to the developers, i think they will agree,
if not only one thing dont keep any balance in ur account,
and developers they cant do anything because they are not keeping their words dont be afraid.
best of luck,'

venice tower

HI every body

someone have the latest update about vince tower construction??

what about Chapal legacy

Hi everyone , I have paid about 50% of my payment for my flat in chapal legacy for a flat with 1 bed room . Recently chapal world website is closed and I can not follow the last situation of building construction. Dose anyone know about actual situation of chapal legacy ? Dose construction continue ?

Chapal - Presidency

Hi Arash!

Just like you, I have paid around 70% of the payment to Chapal world for the flat purchased in Presidency. I went to Chapal's office last week to discuss the issue but it seems no one knows what is actually happening. I really don't know whether to pay the installments. They have registered with ARRA and opened their Escrow account but the main worry is their construction is not even 10% complete. I visited their site in Ajman and the area was dead and dry and there were no cranes moving to assure that working is going. All the project behind are just dead and as well as other cities around the area. I will be taking issue with ARRA this week and provide more clarity to investors. If you want to join me please feel free contact me. Mail : sunnylakhpati@hotmail.com. Rgds, Bharat

chapal the legacy

The chapal website is still working. this is the link http://www.chapalworld.com/new/constructions-updates.html.
anyway, I paid 55% too, but they are at the foundation, instead to be on 50% of construction. So I wrote a letter where I stop all the payments until it is not clear the new payment plan and the construction time schedule.

BSEL Pearl Tower no progress

Hi, I was paying till last month for over 2 years for BSEL Pearl Tower. Last week when I went to see the site at Ajman it looks like Ghost Town. No construction for months and even with Chappel and others. Neither the area has any life just some half-dead concrete structures standing in the midlle of the sand.

The area has not improved either. Ajman government or the master developer RASHID holding has done nothing either. In my openion no progress will be there even for another 10 years. Ajman is a dead city and so is the Emirates City. It will never come up.

I actually thought if the Ajman government has done something then there is some hope some day the construction will start.

I saw one lonely generator workin with one site that too is to run the AC for the Watchman. No activity in this site at all. All we can do is to recover some money if at all possible.
1. Has any body visited Ajman ARRA and what are they telling?
2. I need to know if the developer is not constructing can we recover our money? at least some precentage?
3. By registering at ARRA does ARRA ensure that construction will take place or at least could they get us some money back due to non-construction?

Can somebody answer these question please.
Thanks
Arowana.

Legal action

If anyone has started legal action against Chapel, can they keep us informed on progress?

I have come to the conclusion that Chapel cannnot be trusted. I cannot count the number of lies their Customer Manager, the infamous Nitesh has lied to me.

What are the views of starting a group legal action?

bsel Pearl tower

Can anyone update on BSEL Pearl tower. I want to buy 2 flats

BSEL PEARL TOWER

Me and my brother are paying the installments for two 2 bedroom flats in Pearl Tower.
BSEL has an escrow account, and I can provide if you are interested their Bank approval for financing the project.
Both me and my brother want to sell the two flats as we do not live and work anymore in the UAE, and we are no longer interested in foreign properties. Actually we do not want to make any profit, as we want to close with no gains and no losses.
My contact e mails are:
dimischek@doctors.org.uk
or
anthonycarmine66@libero.it

ANY EXPLANATION????

Can you guys explain how you reschedule the payments, there is not a general rule, it seems that sweet homes do it in case to case basis, which I dont really find it fare since all investors have been affected in the same way, everybody have to continue pay its normal rents since we have not receive the apartments, plus paying an amount higher that it was previosly agreed before hand over.

Rainbow14

Dear Sir,

have they called you for payments or any info? i havent received any calls from them till now which about more than 6months, did u stop paying ? i even didnt visit them , i paid 140k for 2B/R which bought it for 320k, any idea if there is work in site?

many thanks!

Payments!

Dear All,

Is any one still paying payments for Rainbow14-Sweet homes?
Any idea if the construction is going on?

Anyone know of MIDEX Real Estate...

...they have stopped their email communication and do not provide any status updates. I've stopped all payments. The projects are no longer worth the price that they were sold at. The developers need to renegotiate the prices based on market value, otherwise, As far as I'm concerned, these projects are DEAD and any money paid towards them is a total loss.

kms's picture

Contacts of Midex Real Estate

Dear bro,
they have lelft the shaikh zayed road office and shifted to SAIFZone..
Here are their contacts:

Mr. Niazi 050-9233236
Mr. Tariq Amin 06-5574522

Regards,

Khurram Muhammad Saleem

Does anyone know the whereabouts of Mr.....

...Aziz Ullah Khan Niazi of MIDEX Real Estate?? Any address for him??

kms's picture

Dear bro, they have lelft

Dear bro,
they have lelft the shaikh zayed road office and shifted to SAIFZone..
Here are their contacts:

Mr. Niazi 050-9233236
Mr. Tariq Amin 06-5574522

Regards,

Khurram Muhammad Saleem

Are there any buyers of Emirates City Tower..

...in this forum? It is on plot D-15 of Emirates City Project in Ajman. Are you still paying? Are they building anything? Any pictures?

Thanks...

kms's picture

yaaa ... meee... on the same

yaaa ... meee...
on the same drowning boat with you bro......

Regards,

Khurram Mohammed Saleem

rainbow 10

i have 2 bedrooms flat in rainbow 10 , still paying with postdated cheques , i paied 205000 aed still 200000 till end of 2011 ,construction going on now 12-13 floors same as B14,B15 , im confused wheather stop paying in this city since work can sto at any moment ,,no infrastructure ,no visa ,what future for emirate city in ajman ? swap with flat in dubai ? worse situation , any openion may help

STOP PAYMENTS

WE SHOULD NOT LET THEM TO DICTATE US,ALYAMANI IS RIGHT! STOP PAYING UNTIL THEY MEET OUR REASONABLE REGUIREMENTS. AS TO ARRA WHY DO NOT YOU UNDERSTAND THAT ARRA HAS NO POWER TO HELP US. INVESTORS HAVE NO RIGHTS IN AJMAN

Swapping option

I am seriously considering a swap option proposed by Dubai based groups like Al Masah International whereby I would sign over my existing apartment in Ajman (with Chapal) to the Dubai group as a down payment on one of their existing or planned projects in Dubai. The cost of a new apartment in Dubai is of course much higher and it means I would have to invest more but in order not to lose the nearly 80% I already have invested in our Chapal project, I'm thinking it might be worth it... Is any one else contemplating a similar plan? How many other groups out there (like Al Masah) offer such an exchange option? :)

nice joke

Personaly i wanted to swap 2 flat to one in dubai but b4 i do that i asked very wel about market price in dubai so

the result is simply like this : if you have paid 100000 then you want to get in dubai flat of 500000 so it well cost

you exactly 600000 then you start paying for your new flat -100000 =500000 wich is the original price for

others .i dont know how much people think they can fool us anymore ,nobody is helping us they are looking for

money to get from our poket to leave us with 0 balance

Good Bye To What Ever You Have Paid ...

Best to accept that we have put our money into Ajman's quicksand and that it will never be recovered. I stopped paying a long time back when i realised Ajman was just a pipe dream and nothing is ever going to materialise. I hope Ajman's economy collapses and all the developers burn in hell, behnchod saaray ke saaray

to adm

please remove this member as he has name which is not acceptable

g9's picture

payment

i just started my payments as the developer started their construction

payment

which project is it and who is the develpoer?

who is ur developer

yes, please we would love to know who is the developer and what project is this?

Has anyone taken any legal

Has anyone taken any legal action?

I have already paid about 55 percent for one bedroom flat in Chappal Legacy!

Shall I stop paying? wont be it a good excuse for Chappal to cancel the contracts?

I mean since it has been mentioned in contract that they can cancel it if payment stops for 2 months continuously, How it is gonna work?

Do we have this right to stop payments without any consequences?

Arra can help you

for me personaly i have took my papers to arra they have the money they wel cancel or

not they can tel you pay or not as i see legacy not up to 1 parking floor so it need to think twice

ARRA

Hi, you said u took the paper to Arra ,so what happend what did they tell you?

orbit tower

I have a flat (one bed room.865sqft)in orbit tower and i want to sell it. i have stopped paying and already paid 35 percent. serious buyer can contact me.

brothers i went to ARRA

brothers i went to ARRA yesterday , found the office with difficulty < behind dubai bank office - same bulding > ,several investors thier all in same problem -- developer default ,cheeting ...........etc. I met local lady - noof represent arra after simple discussion about the disproportion bet payments and construction --- was very clear -------> stop paying , she said new regulations by ajman gov will appear soon regarding this issue , i registered official complain with official number , i made letter to sweethomes include the above information and admitted officially with SH and company stamp , meanwhile fahad dero crossed the office but we couldnot meet him - 3rd visit in 10 days , he has no time for us ,but now we will close the pipe for money let us wait and see