Emirates City Forum

hi all please tell me what you think is this good or bad news
MY EMAIL
Dear Alfurqan developers
It has come to my concern that alfurqan twin towers is not in the
ARRA registered developments although you told me 4 months ago that you
have.
The construction has stopped since February and even then you have not
reached the ground floor . i bought this flat in April 2007 and
you informed me then that you will start very soon but you started more than
14 months later. i have trusted you with my money and i have paid 300000
Dirhems which is 71% and i have received not even 5% of a building .in an
email from you on the 4 june you said "we hope to restart construction
within few days. "it has been it has been over 60 days and still nothing.
Last March i contacted a person called Alaa from Sahl construction from
Mehwal and he simply said you stopped paying them money thats why they are
not building.
i need a clarification .
why havnt you got money?
why havnt you registered in ARRA?
why have you only built less than 5%?
where is my money and where is my flat?

ALFURQAN EMAIL

Dear Mr Alhitty,

Hope You are fine, according to your email answers as follow.

1. We are the first who registered our towers in Land department and
opening an escrow account in Emirates Islamic Bank ( Copy enclosed )
by the permission of land department before announcing ARRA.Because
the ARRA was not existing on that time, now we have submitted once
again all the documents to ARRA for registration.They have all our
documents with all clients details, they approved our Projects,but
unfortunately we can not succeed to get registration certificate.

We hope before Ramadan we shall get it from them.

2. Regarding the construction the contractor Mehwal Building
Contracting stop the construction in Feb 2009.Mehwal got the job from
Emirates City about 40 Towers and they collect the down payment from
the developers and owners and ran away from the market.After very hard
searching Police caught him now he is behind the bar. We are trying to
get NOC ( No Objection Certificate ) from him through the Municipality
of Ajman, we are unable to start our construction unless we get the
NOC from Mehwal, we hope we shall get it soon.
Regarding the investment, How much we received from Investors, all
money + 15 Million Dir hams from our families we have invested in the
Project. The all accounts details has been submitted to ARRA.

Please feel free for any query in future.

Thanks & Regards
Al Furqan Real Estate
http://alfurqan-re.com