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Escrow Account for GOLD CREST DREAMS 1

Thu, 02/04/2010 - 06:06 — hari

Dear All,

Does anyone has information about Gold Crest Dreams 1 's escrow account? ETS STAR promised that they would open escrow account by January 2010 end . I'm afraid like always they have again lie to us .

‹ Gold Crest Dreams 2 Project GCD - INCORRECT INFORMATION ›
Wed, 02/24/2010 - 16:59 — Khano Jarkata

GOLD CREST DREAMS

All, I have received an email from ARRA which says that Goldcrest Dreams / Star GIGA is not registered with ARRA.
According to my understanding, they can not operate in Ajman as a developer untill they are registered. Further, the Force major clause in the contract gives you an option, if you see that the project is being delayed over 2 years (which is the case of GCD) from the comletion date which is 31.07.2009, then the buyer has the option to cancel the contract and ask for full refund. I tried to talk with Star GIGA but they do not respond, since I am not a UAE resident, I can not go their office personally and inquire about this option.
If any one of you is a UAE resident, please help and visit their office and inquire about the contract cancellation/refund of the amount paid.

Fri, 02/26/2010 - 08:57 — poney

GCD

but its not 2 years yet Puzzled

Fri, 03/05/2010 - 15:31 — Khano Jarkata

GOLD CREST DREAMS

Refer my posting dated 24.02.2010. Can any one in UAE help & visit the office of Star Giga and inquire about the contract cancellation/refund of the amount paid.
(The Force major clause in the contract gives you an option, if you see that the project is being delayed over 2 years from the comletion date which is 31.07.2009, then the buyer has the option to cancel the contract and ask for full refund)

Tue, 03/09/2010 - 17:40 — Khano Jarkata

GCD

Hi poney.
The force major clause also mentions that in the event of force major, a delay of over 2 years is FORSEEN, the seller may cancell the contract and/or the buyer has the option to cancel the contract and entitled for full refund (The clause no.is 16).

Thu, 03/11/2010 - 12:03 — Faisalmakki
Faisalmakki's picture

i will visit them on sunday

I will visit their office on sunday with this print out.

I am also setting an appointment with a newpaper and see if they can help.

last i request all international investor to go through thier consulate .. im sure that will help

best regards

Fri, 03/12/2010 - 12:36 — matphilip

Dear Faisal,

Dear Faisal,
Keep posted!
Regards,
Philip

Fri, 03/12/2010 - 16:32 — Khano Jarkata

GCD

Many Thanks Faisal, please keep us posted.

Wed, 03/17/2010 - 17:42 — Khano Jarkata

GCD

Salam Faisalmakki, did you get a chance to visit Star GIGA office n sunday. Would appreciate if you can keep us updated with the outcome of your meeting.

Wed, 04/21/2010 - 10:12 — izzy182

GCD AJMAN

HELLO AND SALAM TO YOU ALL. I TOO HAVE BOUGHT AN APT ON THIS PROJECT. I HAVE STOPPED MAKING ANY FURTHER PAYMENTS, I GOT MYSELF A SOLICITOR FROM DUBAI (A UK LAW FIRM AS RECOMMENDED BY BRITISH EMBASSY) TO TRY AND GET REFUND FROM THIS COMPANY BUT WE HAVE BEEN UNSUCCESSFULL. MY SOLICITOR'S ADVICE IS JUST WAIT AND SEE AS THERE IS NOTHING WE CAN DO AT THE MOMENT. THERE ARE 1000'S OF CASES LIKE OURS OUT THERE AND THERE IS NOTHING WE CAN DO. THEIR LEGAL SYSTEM IS SO COMPLICATED AND BASICALLY FOREIGN PEOPLE HAVE NO RIGHTS. IF YOU TRY TO PERSUE THEM YOU COULD END UP PAYING A LOT OF FEES AND STILL MAY NOT WIN YOUR CASE.

IF ANYONE HAS ANY NEW NEWS, PLEASE KEEP US POSTED.

WOULD ANYONE STILL BE MAKING FURTHER PAYMENTS IF THE PROJECT WAS TO RE-START?

THANKS

IZZY