Emirates City Forum

BE VERY CAREFUL.THEY ARE AFTER YOUR MONEY.KEEP AWAY FROM THOSE RASCAL.THEY ARE VULTURES.

When do these pirates stop pulling out money of desperate people's pockets? it is a shame, it is disgusting. An emirate where things like this are possible should be avoided by any means. Ajman, never again! Ajman is what we call in Germany a "Banana republic". I wish, I had never heard of the place. But it is to late for this. I can only warn others. DO NOT GO THERE, DO NOT TRUST ANYONE!

please can you tell me in which way i can swap my unit to Al warsan area in Dubai .i had unit in lake view real estate tower 1 in Emirat city of Ajman and i payed almost 200000 DH.please i need your advice but i agree with you better to get something rather to wait 10 years more if there is any hope.i have DOUBT

Go to www.bayut.com and look for Dubai international city and you will see the prices. If you want to buy an appt in Dubai go and buy why to swap? The price they offer is expensive and including the sum you have paid in Ajman

I have responded to Ashaikh because it is he who have asked about swapping . And i do not advise to buy in Dubai i just mean that their swapping compares to just buying in Dubai and not in any means to getting back our money.Yes it is right if they sell you at a real market price and deduct the sum paid in Ajman,everybody would agree with that.

I went to the BSEL offices in Sharjah and nobody is there.security said nobody has been using this office for a long time.It appears that they have vanished in thin air.
I was advised to report the matter to the police and engage a law firm.I am in the process of doing so.
Is there someone who wants to join forces with me?

It's a waste of time.The Sheik,government ,police,everybody are aware and are an accomplice of what is going on concerning Emiratec City.Liars ,thieves and robbers ,that what they are!!!!!!!

I'm not promoting them, but this is reference to another post I did a month ago.

I met a gentlemen in Emirates City, who represented Open Shore Properties.

He gave me his card and I did my own research on the site emailing back and forth.

basically these guys give you a discount about 30-40K AED on a new ready built Dubai Studio or 1Bed if you swap your Ajman claim with them. If they recover any funds from Ajman/Emirates City you are entitled 50% of the funds they recover. Plus in the new dubai flat, the guarantee 1 year rental of 20-25K AED for the 1st year.

Before they didn't have a payment plan, and wanted 10% then 90% once transfer was complete. I didn't have that type of cash so I decided against it. But it looks like they have a 2 year payment plan now.

You guys can contact them and come to your own conclusion. My biggest concern is are the dubai properties they are offering really worth , 250K AED ? and are they able to be easily rented out ?

Maybe someone who lives in Dubai can investigate or find out if these guys are legit. They are based from the UK.

check it out for yourself.

http://www.openshoreproperty.com/

IM NOT ADVERTISING...or promoting !

I'm just showing you guys what they are offering, so you can see if this is worth it or not. Or if you have had any experience with them. I have NOT swapped with them nor do I know any of the people...I just received their email regarding swaps for people who have invested in EC.

Dont shoot the messenger !...Here is the Email I received:

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Great Studio and 1-Bed Investment Offers

Key Features of Ready Dubai Investment Property Offer

-Ready, rented, 1-Bed or Studio Apartments

-2 Year Payment Plan

-Rental Guarantee

-Free Property Management

-Secure Purchase Process of Ready Dubai Property

-Help with Recovery if you purchased “off-plan” property in the past e.g. in Ajman. We take over your claim and give you 75% of the funds we recover. We keep 25%. This offer is only when you purchase one of the ready Studios or 1-Beds in Dubai shown below.

Why Buy Now

-Rock Bottom Prices £33.2K for Studio & £39.8k for 1-Bed (You pay over 2 years just £26,500 for Studio C1 and £39,833 for 1-Bed C including rental credits)

-10% per annum future growth forecast (next 5 Years). Your investment could more than double in 5 years.

-Prices expected to increase after Oct

Apartment Type

Price in 2008

Brochure Price Now

Offer Price Now

2 Yr Rental Credit

You Pay over 2 Yrs

580 sqft Studio C1

£90,000

£39,000

£33,167

£6,667

£26,500

900 sqft 1-Bed C

£130,000

£58,300

£49,833

£10,000

£39,833

These apartments are between 1 to 3 years old and already owned and managed by our company. At any one point in time we have over 100 such apartments available. For full details, apartment pictures & locations see the links below:-

Area Location 1 – Green Area on Map between Dubai Airport & University (Prices as shown above– best for investment with high net rental yields. Most investors buy in this area)

Area Location 2- Blue Area on Map – Near Sea - but South of Sheikh Zayed Road (Prices £13K to £16K higher on similar size apartments). Net rental is the same as in cheaper Location 1, as service charges are higher. Not as good for investment, but nearer the sea.
Printed Colour Brochures

If you have not already done so, please email us your postal address and we will post printed colour brochures to you.
Pay us a Visit

Our UK HQ offices are based just North of Manchester (M65 Junction 8 – postcode: BB12 7TW). It is good to visit and get to know us, if you are looking for an investment property, as we will possibly be looking after your property or supporting you for many years. We can explain the purchase process and you can see our services first hand. Even if you are planning a visit to Dubai it is sometimes worth seeing us first. Please call first to let us know you are coming, so we can allocate a senior person to discuss your needs

PROPERTY DETAILS

Such smaller Studio and 1-Bed properties are the best for investment as they are much easier to rent out and have higher rental yields than larger 2-bed or villa properties which are not suitable for investment. We would only recommend larger properties if you needed them for 100% own use. Most of our customers keep their own properties rented out all the time and use some of the rental income to rent suitable holiday accommodation when they visit Dubai for a few weeks or months. They almost never use their own properties as this actually works out to be most cost effective than trying to vacate the tenant.

These studios and 1-bed apartments are already owned by our company and are rented out, so you would be purchasing directly from us. We buy, rent out, then re-sell, and continue to manage suitable investment properties and we have been selling property in Dubai for over 8 years.

The offer includes:-

-A payment plan over 2 years

-Expected rental over this 2 year period of AED 60,000 (£10,000) for 1-bedroom and AED 40,000 (£6,667) for the Studio

-Free property management for the first year (subsequently approximately AED 2,000 (£330) for the Studio and 2,900 = £490 per year) for 1-Bed

-Rental Guarantee of 8%

-Full service and secure purchase process with UK Client Account facilities to make payments secure and easy.

If you wish to pay the whole amount over a shorter period, this is possible. We do offer a 4% discount for bulk payment as per Payment Plan C but most customers choose payment plan A.

Please see pricing information and location details below. This is also included in the attached sheet.

Pricing

1-Bed Apartment. In the brochure at AED 349,999 (Type C). The special pricing is AED 299,000. However you will probably pay us about net amount of AED 239,000 = £39,830 as rental payments will be credited against your payments to us.

Studio Type C1 Apartment. In the brochure at AED 239,000 (Type C1). The special pricing is AED 199,000. However you will probably pay us about net amount of AED 159,000 = £26,500 as rental payments will be credited against your payments to us.

However, we keep the rent ourselves until you have paid about 70% of the property price – so there is an incentive to pay early and the payment plans are so structured. There are three payment plans A, B and C. You can pay all in one go with payment plan C and get 4% discount. Most customers use Payment Plan A.

Location of Properties

Both the Studio and 1-Bed Apartments lie south of the Airport along Emirates Road between the Airport and the University (Al-Warsan Area – labelled as Best for Investment & Growth in map in the attached sheet). This is a developed area with shops, good transport and many building with about 40,000 apartments, with almost all of these being owner occupied or rented. There are good bus services into the city centre and many people drive to Rashidya Metro Station car park and then go into the city via the Metro. We have apartments in many buildings all over this area – not just one building. We constantly acquire good apartments, rent them out and then sell them to investors and manage them on their behalf. The apartment you purchase will be one of the ones already owned by us. The buildings are low rise, well spaced, with shops on the ground floor and apartments on the 1st, 2nd & 3rd floors. There is plenty of free parking. Rental demand is very good in this area with most tenants being office and mall workers on long term (minimum 1 year) rental and these properties are most suitable for renting out. Many people from Ajman and Sharjah are moving back into this area of Dubai. This area is NOT a tourist area like the Marina and is not on the seaside but rental yields as a percentage of property price (10%) is actually far better than the Marina area (6%) where property is also more expensive with high service charges. We do not give a rental guarantee in the Marina area as property there is more difficult to rent out.