Emirates City Forum

Dear investors of Goldcrest properties… Don’t listen to the negative comments on this site, mainly the ones that say, “Stop payments, we have all been scammed!” Look at the investments these people made and realize they aren’t the same as yours (not Goldcrest).

I have had confidence in the Goldcrest brand from the beginning; before investing I researched the brand and saw it had a good and stable track record. Yes, they may have started off as a typical company from the Middle East (great at taking money), BUT they are learning and evolving. They didn’t create the problems in this world, but at least they are showing that they can evolve and adapt to troubling situations and be leaders in the industry.

In the past it was near impossible to get a response from anyone through e-mail; I never knew if they were even getting read. Now, they have an automated response system to confirm receipt of your e-mail and even say that they will respond within 3-4 days, if not sooner. The first time I received this message I didn’t believe it, but sure enough within a day I received a response. It wasn’t a direct response, but the person who did receive my message cc’d me when he forwarded it to the appropriate person. Very professional!

Secondly, in the past couple of days I have seen e-mail responses from Star/Giga, posted here, clearly stating that payments can be suspended and also stating what the action plan is to remedy the current situation, being lack of investor confidence. See any e-mails posted from other companies that are that articulate?

We complained about not getting any responses form our queries, so they fixed it. We complained about loosing confidence in our investments, and they are in the process of fixing it (read above post). We complained that no one would tell us what is going on and now they are.

I’m not saying that our investments are guaranteed with this company, or that they are the only good company in the EC development, but I can honestly say there is NO other company that I would have rather invested with. We should all keep our money on this company and continue have “DREAMS” about a prosperous future, because my friends dreams do come true!

// In just six weeks since its inception Ajman�s new property regulator, the Ajman Real Estate Regulatory Agency (ARRA), has imposed wide-ranging controls on the emirate�s developers.

It has fixed a May 1 deadline for developers to register, established a framework for escrow accounts, set a moratorium on unaudited property payments and is preparing to cancel unviable projects and fine non-compliant developers.

The recent downturn in property prices � which has seen some off-plan prices drop by half in Ajman � has exposed flaws in the emirate�s property sector, where industry sources estimate more than 13 suburban developments featuring nearly 900 towers have been launched and sold off-plan in the past two years, but few have started construction.

Omar al Barguthi, the director general of ARRA, has given developers until March 5 to begin the registration process for all projects in the emirate, with a May 1 deadline for all paperwork to be completed.

i talked to them yesterday on phone and they were agreed to stop payment till they open escrow account, may be they dont want to inform it formally so if some investors sending payment they will wecome it..