Emirates City Forum

United investors get their money back..Three cheers for TLG.

Palm Spring buyers net 100% refund from Damac.

Investors in Dubai’s stalled Palm Springs project have reached a deal with developer Damac for a full, upfront refund on payments made for their uncompleted properties.
Buyers on the Palm Jebel Ali project, who have waited eight years for construction to begin, were previously offered a 70 percent refund of their deposits, or 25 percent immediately followed by a further 25 percent annually for the next three years

HERE IS THE LINK TO THE GROUP. http://www.facebook.com/groups/saveemiratescity/

http://www.facebook.com/home.php?sk=group_175757402445359

displays: "It will only grow BIGGER next time you pass by" referring to the Emirates City project.

bismillah

2012 has started and this year according to contractual details the developers are legally bound to compensate along with penalty amounts. Thereby this year a lot of legal proceedings are expected from the Investors. A good suggestion was posted by szsiddiqui in this forum about Legal Advice at this forum. Is it possible to arrange a legal support forum at this website. A honest and true legal advice is needed by most of us. If any member himself or suggest a honest legal expert it should be welcomed.

Can we have a legal advisor on Emirates City Forum, where investors can send their cases to be studied and get legal advice and cost of petition including court and lawyer's fee in case somebody wish to take the matter to the court.

BL Properties are fraudsters:

BL are trying to obtain more money from investors now by offering swaps to other failed projects, Such as Lilly tower/Lavender tower in Emirates city, or to Discovery gardens in dubai at more than double the rate that investors can buy apartments at if they went to other agents direct.

Dear Arra;

It is middle of January and where is the list of canceled projects.
Investors wish to get answers from your office, since there is
no reply to any emails.. Do the right thing..

Sweet home promise for handing over has no meaning. Sweet home could promise another deadline for handing over since there is no penalty for fulfilment. Sweet home is marketing agent of R-holdings. Its duty is to collect money and give it to R-holding. It will do what ever necessary to get the money from the buyers as per contract and receive small commssion from R-holding. Contractual obligation and delivery of the project solely R-holding responsibility.

Hello, has anyone taken legal action yet to get money back? I want to and would like if someone can provide infromation about solicitors.
Thanks