BL Properties

BL properties dissappeared, most of the investors had compained to ARRA, than the episode of swap came, any one has any new news???

Josau's picture

ARRA swap

I think the only way to find out, what ARRA is proposing, is by visiting their offices. One has to be very careful, because even if they give you a deal, you might have in the end a property at your hands with responsibilities like maintenance charges and so on and so forth. Even if you would like to live in the property yourself, you don't , how the property is being maintained. Will it have electricity and water?
Look at International City in Dubai: It looks like it's becoming little by little not more than an upgraded labor camp.
I think right now, the rent yield in Ajman is close to zero.

BL property Swap is a rip-off

The swaps that the BL are offering are an insult to investors. BL are proposing swaps at twice the current market rate, so Bl will walk away with huge profits and we as investors will pay double for a ready to move in property we can by in Dubai for half price ourselfs.

Don't fall for these redicolous scams, if you have more money to invest then check out the properties in dubai yourself and get a great price. I explained the pricing con to BL and then they just stopped responding to my emails.

For Sale-1 Large apartment for Sale in Mogul, Discovery Garden
This large apartment available for sale in Mogul Discovery Garden features an attractive layout with generous size of square feet and this is one of the most affordable investment opportunities...

Type: 1 Bed (Apartment)
Size: 1,128 sq.ft.
Location: Mogul - Discovery Gardens

Price AED 340,400
USD 92,800
GBP 58,416
EURO 66,559

my response to BL: Please stop these crooked games of trying to dupe further monies from investors. If you no longer can maintain your positions in the property market , just leave and don't play games with investors. I am very disappointed at BL Properties and untrustworthy employees.

Your proposals amount to nothing more than another fraudelent act to rip of more funds. You are knowing trying to exploit an already existing volitile fruadulent situation.

I can by each unit in the Mogul project for £58416
BL are offering these apartments for £129500 each unit

Arra are not here to help investors they are helping developers to obtain as much funds as possible from investors, Arra offer no protection and are probably one of the most ineffecient and corrupt institution i've had to deal with.