That is the mistake your doing.. contacting firms. You should have looked or tired for friends who have relatives as lawyers or have law agencies in UAE.
An agreement would be made. I am still waiting for feedbacks.
It's simple way of thinking. X no of investers pay 8 - 10% of property value once they receive the money if the case is legimate. for the lawyer it more than what he can earn in 1 year.
My assumption is that even ARRA will not publish the true list of EC projects which are already unoffically cancelled and/or it is well known to them that this project will never be built/completed in near future.
Publishing on the website is just whitewash to make investors pay installments and then subject them to cancellation due to failure to pay without refund of investors money.
This is exactly what they have done for GCD1, they did not respect the terms and conditions of the contract (long stop date of 31.07.2011 after completion of delay of over 2 yrs) and send termination notices without refund to investors.
The legal framework does not really exist in Ajman, so to take them to courts would be more waste of good money to recover the bad money unless we have an alternate solution as proposed above. I am not sure how much would be the court fees which offcourse needs to be paid beforehand.
You could easly imagine the influence / contacts of developers wth the ruling family by looking at the wedding pictures of one of the directors of sweet homes.
Dear Faisal: Really appreciate your intitave. I will be really obliged and will send u full support if this can be done at the earliset.My Name is Mohammad Awais. I am also effectee of Star Giga. Pls contact me for any detail on awais8899@yahoo.com, i invested in GCD4, tower 6. u may call me on 050-5611576 any time- thanks
Mr. Abdul I am sorry I am only making efforts for my properties and people having similiar properties.
GDC-Crook I do not disagree to any of the facts you have mentioned. Yes they have a very strong hold. We are all aware of it. I am taking a difference route with them . I don't want to mention it here. They read these forums daily. I have your emails. I will confirm and respond if we have a good chance. I will not post anything here. Some of them are users as well.
The simple reason why they have support. Emirates City will surely be built, work might start in late 2013. With infrastruction being laid, just in time for 2015 utility service commencing in that zone . If they pay you back who will Pay them to build.
I am looking for at least 1 more US or Canadian Citizen who have invested in GIGA GDC
Goldcrest Shattered Dreams by Star Giga --google it .. (facebook)
my email address is s_sharif67@hotmail.com.
i alongwith my 3 other friends are the affectees of FORTUNE RESIDENCY and are based in uk.
would appreciate any help.
I flew over to UAE and registered my complain with ARRA yesterday. After meeting the representatives from ARRA, I am not expecting any positive solution.
Their advise is to swap with projects which are at advance stage of construction with same payment condition/price which I guess no one would agree with considering the current situation. Also the Ajman Boulevard project is dead and even emirates city is deserted place without any construction activity.
No hope at all, the only option is to try to get our investment back.
My advise, please do not pay them any more, the more you pay the more you will lose. It is not worth to put in any good money to recover the dead one.
Has any one who has received termination notice from Star GIGA and made a complain to ARRA received any response?
If the rule of ajman is that no one can cancell without obtaining approval from ARRA, I fail to understand how could star GIGA sent termination notice wihtout ARRA approvals and no action is taken by ARRA. Seems like double standards for investors and developers.
Does any one know if the star GIGA owners are still in UAE. I am not sure but some one told me that they have vansihed or in the processing of moving away their business to India
@gcd crook: as far as i know star giga is not a small developer and i dont think they will runaway! they already have many bldgs in dubai ( 3 or 4 bldg @ JLT & i think in marina too). also, they are partner with al ghurair ( one of the big and old group of companies in uae). i also heard they have giga gold refinery and textile factory, etc....
Thank you Faisal and Unite Investors, Lets hope and I am sure if we remain consistent in our approach, we will get the refund (cancellation or no cancellation, it is our money which needs to be refunded).
I have already joined the group on facebook
Giga to hand over 1,000 units in JLT
Mazyood Giga International and ETA Star Property Developers together, under the joint venture enterprise, Star GIGA Establishment, will hand over more than 1,000 units in its two projects, Goldcrest Executive and Goldcrest Views 2, in Jumeirah Lakes Towers (JLT) community, during the year. Goldcrest Executive is a 39-storey tower consisting of 229 office units, 183 studios and 141 one-bed apartments. The tower offers half a million square feet of built-up space, basement retail areas, a plaza, business centre and a first-floor suite of meeting rooms. Star Giga Establishment, admitted that there was a "slight" delay in completion of the project but was happy with the infrastructure at JLT. All investors had been compensated as per contract terms for the delay. More than 100 apartments had been leased out in Goldcrest Executive tower with rentals for studio apartments starting from Dh50,000 per year and from Dh70,000 for single-bedroom apartments. In September 2009, Ahmed bin Sulayem, Executive Chairman, Dubai Multi Commodities Centre (DMCC), told this newspaper that 35 towers had received building completion certificates and that this number was expected to reach 50 by year-end. "This figure will go up to 70 by the end of 2010. And then by another 10 or so by the year 2011 or maybe in early 2012," he had said. Regarding maintenance charges, Giga said they had got approval from the Real Estate Regulatory Agency to charge Dh12 per square foot as maintenance fees. Asked about Star Giga's plans to launch new projects in Dubai, the company was currently emphasizing on completing on-going projects and new ones would be announced subject to market conditions.
Could anyone give me an update about Goldcrest Dreams 2 construction progress? Has it been cancelled? Post pictures for Goldcrest dream 2 on this forum if any. Thanks.
Haji Muhammad Rafiq Giga – Chairman Giga Group
Haji Muhammad Amin Giga - Vice Chairman Giga Group
Haji Abdul Samad Giga - Vice Chairman Giga Group
Amir Haji Amin Giga – Director Giga Group
Hamza Muhammad Rafiq Giga – Director Giga Group
Muhammad Owais Perdesi Giga – Director Giga Group
Mohammad Ali Qureshi – Group CEO
@GCDcrook : Haji Muhammad Rafiq Giga stepped into his family business of textiles in 1982 which was established by his father Haji Abdul Rahim Giga in 1956. Haji Muhammad Rafiq Giga strategically focused on non-traditional and non-quota regions like Africa for trade in textile, made-ups, and machinery. Under his leadership Mian Akber Trading Corporation in Pakistan has won the Largest Exporter to Non Quota Countries award for the past 17 years.
Haji Muhammad Rafiq Giga believes in challenges. Under his captaincy, the company carved a name in the African market with a unit in Dar-es-Salaam, Tanzania with a workforce of over 5000 that earned the appreciation of the President of Tanzania for contribution to the Tanzanian economy.
In 1994 he ventured into the bullion market by establishing Mazyood Jewellery LLC in UAE. Soon it became one of the leading traders of bullion in the UAE and the subcontinent. The excellent working relationship with Union Bank of Switzerland Warburg, brought Mazyood Jewellery the title of the most active client of the year 2000. Ever enterprising, Haji Rafiq established Al Ghurair Giga Gold Refinery in 2003 at the Dubai Multi Commodity Centre (DMCC) in UAE. The project is a joint venture between the Al Ghurair Group and the Giga Group.
Haji Rafiq then entered the arena of construction and property development and established ventures in Pakistan and UAE. He established joint ventures with EMAAR - one of the largest property developers in the world and the Al Ghurair Group - one of the biggest groups of UAE with businesses all over the world. Besides his remarkable business acumen and success, Haji Rafiq is also known for his philanthropy. He is encourages the young by providing the deserving with the opportunities for higher education and personally devotes a significant time to mentoring.
Haji Rafiq is a member of the Swiss Business Council, Dubai and an active member on the Advisory Board of Sir Syed University of Engineering & Technology, Pakistan. Today all Giga Group Companies have the privilege of the leadership of Haji Muhammad Rafiq.
@ GCDcrook:Giga Group which started its operations in 1956 has evolved into a highly diversified group of companies with business interests in gold and jewellery, real estate, architecture and construction, textiles and general trading. The Group currently operates across the Middle East region, Pakistan and Africa.
Gold And Jewellery General Trading Construction
Real Estate Gold Refining Textile Industry
Investment
If Giga Group business activity is so widespread across Middle East and they are going to handover 1000 units in JLT , then when are they going to complete Goldcrest Dreams 2 and hand over the units to investors?
You have about 25 people ready for some action. Each person puts 3000 dhs and you file a court case.
Filling fees are %7.5 of the contract value with max. of 30000 dhs.I believe it is the only way to get your money back.Since star giga office is located in dubai,the case can be filled in dubai courts as well.
Good luck to all of us.....
My whole mentality is to stand up for your rights and fight for justice.Even if you have invested very little money on these projects,you can't just walk away and let these crooks spend your money....
Please use some common sense - you contracts are governed by Ajman Law Courts so you will not be able to take your case as a class action through the Dubai Courts.
I have researched for a year as to the best way forward. I have spoken to some of the best lawyers in UAE. The answer is £8,500 or thereabouts legal costs in order to recover 150,000 dirhams. Its simple but who has a spare 8k to throw away.....
Can property investors in one emirate file case against a developer in other emirates? For example, can a property developer from Dubai, building a project in Ajman, be sued in Dubai or Abu Dhabi?
Yes, under certain circumstances, property investors in one emirate can file a legal case against a developer in a different emirate. They can do so in the following scenarios. One, the underlying sales contract was signed in the emirate where the investor wants to bring a law suit. So, for example, an investor in a property in Abu Dhabi who signed the contract for that property in Dubai can bring a suit in Dubai on the basis of the place of the signing of the contract. This applies even if the Developer is based exclusively in Abu Dhabi. Two, the developer has an office or physical presence in the emirate where an investor wants to file suit, even if it involves the property in another emirate. Thus, an investor in a property in Ajman who invested with a developer located in Dubai can also file a legal action against that developer in Dubai, on the basis of the developer’s business residence.
this is the project gcd2
this is the project gcd2 tower 3
Goldcrest
What about goldcrest business vista? Any groups involved in this?
Lawyer
Any law firm İ contact they want 1400 to 1600 per hour...Which lawyer is this that will not charge until getting result?
Lawyer
That is the mistake your doing.. contacting firms. You should have looked or tired for friends who have relatives as lawyers or have law agencies in UAE.
An agreement would be made. I am still waiting for feedbacks.
It's simple way of thinking. X no of investers pay 8 - 10% of property value once they receive the money if the case is legimate. for the lawyer it more than what he can earn in 1 year.
:)
Details
My Mail add batraskt@eim.ae
Property GCD tower A 1 BR and Tower D 2BR
GCD3
My email is nassor60@hotmail.com
My project is GCD3
Lawyer
Faisal, are going to have lawyer against Star Giga only or other developers as well.
To Faisal
Hi Faisal,
My contact E-mail:fatma526@hotmail.com
The project is GCD2
The sooner the better
Many Thanks
GCD1
My contact is email :gcdcrook@yahoo.com
Project GCD1, Tower B.
What would be the court fees payable?
project GCD2 email
project GCD2 email andmat5@ovi.com
project GCD2 email
project GCD2 email valentina979@inbox.ru
GCD1
GCD 1 faisal_ek@hotmail.com
GCD 1
Faisal
My contact email is mysticvibration@msn.com
Project is GCD Tower D
Thanks
GCD2
Hi. Contact email is dawoodjee@sky.com
GCD1
My assumption is that even ARRA will not publish the true list of EC projects which are already unoffically cancelled and/or it is well known to them that this project will never be built/completed in near future.
Publishing on the website is just whitewash to make investors pay installments and then subject them to cancellation due to failure to pay without refund of investors money.
This is exactly what they have done for GCD1, they did not respect the terms and conditions of the contract (long stop date of 31.07.2011 after completion of delay of over 2 yrs) and send termination notices without refund to investors.
The legal framework does not really exist in Ajman, so to take them to courts would be more waste of good money to recover the bad money unless we have an alternate solution as proposed above. I am not sure how much would be the court fees which offcourse needs to be paid beforehand.
You could easly imagine the influence / contacts of developers wth the ruling family by looking at the wedding pictures of one of the directors of sweet homes.
my contact e-mail is
my contact e-mail is ahtdxb@hotmail.com
My sincere prayers are with u, pls send me email for any support
Dear Faisal: Really appreciate your intitave. I will be really obliged and will send u full support if this can be done at the earliset.My Name is Mohammad Awais. I am also effectee of Star Giga. Pls contact me for any detail on awais8899@yahoo.com, i invested in GCD4, tower 6. u may call me on 050-5611576 any time- thanks
Hi all
Mr. Abdul I am sorry I am only making efforts for my properties and people having similiar properties.
GDC-Crook I do not disagree to any of the facts you have mentioned. Yes they have a very strong hold. We are all aware of it. I am taking a difference route with them . I don't want to mention it here. They read these forums daily. I have your emails. I will confirm and respond if we have a good chance. I will not post anything here. Some of them are users as well.
The simple reason why they have support. Emirates City will surely be built, work might start in late 2013. With infrastruction being laid, just in time for 2015 utility service commencing in that zone . If they pay you back who will Pay them to build.
I am looking for at least 1 more US or Canadian Citizen who have invested in GIGA GDC
Goldcrest Shattered Dreams by Star Giga --google it .. (facebook)
My e mail agareza49@yahoo.com
My e mail agareza49@yahoo.com
GCD Fraud
Faisal, I appreciate your efforts and totally agree with your approach. Please include me in your list
GCD 2
Dear Mr. Faisal , Plz add me into list . My email id is syedykg@gmail.com
GCD 2, email:
GCD 2, email: farazzafar@hotmail.com (UK Investor)
GCD2
GCD2, email Id: yogahasn@yahoo.com
my details
my email address is s_sharif67@hotmail.com.
i alongwith my 3 other friends are the affectees of FORTUNE RESIDENCY and are based in uk.
would appreciate any help.
hi faisal makki, any update
hi faisal makki, any update and did you manage to get any american or canadian investor?
EMIRATES CITY PROJECT IS DEAD
I am not an American or Canadian, but I want my money refunded for GCD1 which I paid to star GIGA
GCD4
g.ghrawi@gmail.com
any update ?
any update ?
Ajman Boulevard fraud
I flew over to UAE and registered my complain with ARRA yesterday. After meeting the representatives from ARRA, I am not expecting any positive solution.
Their advise is to swap with projects which are at advance stage of construction with same payment condition/price which I guess no one would agree with considering the current situation. Also the Ajman Boulevard project is dead and even emirates city is deserted place without any construction activity.
No hope at all, the only option is to try to get our investment back.
My advise, please do not pay them any more, the more you pay the more you will lose. It is not worth to put in any good money to recover the dead one.
GCD1
Has any one who has received termination notice from Star GIGA and made a complain to ARRA received any response?
If the rule of ajman is that no one can cancell without obtaining approval from ARRA, I fail to understand how could star GIGA sent termination notice wihtout ARRA approvals and no action is taken by ARRA. Seems like double standards for investors and developers.
GCD1
Does any one know if the star GIGA owners are still in UAE. I am not sure but some one told me that they have vansihed or in the processing of moving away their business to India
ARRA LIst of Cancelled EMIRATES CITY PROJECTs
Dear ARRA, please take action, it is already too late and the investors are in deep crisis
arra come out
ARRA come out of hiding and face the investors where is the list and start talking about REFUND REFUND REFUND REFUND REFUND REFUND REFFUND
@gcd crook: as far as i know
@gcd crook: as far as i know star giga is not a small developer and i dont think they will runaway! they already have many bldgs in dubai ( 3 or 4 bldg @ JLT & i think in marina too). also, they are partner with al ghurair ( one of the big and old group of companies in uae). i also heard they have giga gold refinery and textile factory, etc....
join group on facebook
join the group members dont just talk here join the group
GCD1
Thank you Faisal and Unite Investors, Lets hope and I am sure if we remain consistent in our approach, we will get the refund (cancellation or no cancellation, it is our money which needs to be refunded).
I have already joined the group on facebook
you are welcome GCD
we are all together in our REFUND RECOVERY GROUP.
GCD1
Can any one give details of the owners of Star GIGA, are they from UAE or some other country who have live in UAE
Giga to hand over 1,000 units in JLT
Giga to hand over 1,000 units in JLT
Mazyood Giga International and ETA Star Property Developers together, under the joint venture enterprise, Star GIGA Establishment, will hand over more than 1,000 units in its two projects, Goldcrest Executive and Goldcrest Views 2, in Jumeirah Lakes Towers (JLT) community, during the year. Goldcrest Executive is a 39-storey tower consisting of 229 office units, 183 studios and 141 one-bed apartments. The tower offers half a million square feet of built-up space, basement retail areas, a plaza, business centre and a first-floor suite of meeting rooms. Star Giga Establishment, admitted that there was a "slight" delay in completion of the project but was happy with the infrastructure at JLT. All investors had been compensated as per contract terms for the delay. More than 100 apartments had been leased out in Goldcrest Executive tower with rentals for studio apartments starting from Dh50,000 per year and from Dh70,000 for single-bedroom apartments. In September 2009, Ahmed bin Sulayem, Executive Chairman, Dubai Multi Commodities Centre (DMCC), told this newspaper that 35 towers had received building completion certificates and that this number was expected to reach 50 by year-end. "This figure will go up to 70 by the end of 2010. And then by another 10 or so by the year 2011 or maybe in early 2012," he had said. Regarding maintenance charges, Giga said they had got approval from the Real Estate Regulatory Agency to charge Dh12 per square foot as maintenance fees. Asked about Star Giga's plans to launch new projects in Dubai, the company was currently emphasizing on completing on-going projects and new ones would be announced subject to market conditions.
GOLDCREST DREAM2
Could anyone give me an update about Goldcrest Dreams 2 construction progress? Has it been cancelled? Post pictures for Goldcrest dream 2 on this forum if any. Thanks.
Giga Group Management Haji
Giga Group Management
Haji Muhammad Rafiq Giga – Chairman Giga Group
Haji Muhammad Amin Giga - Vice Chairman Giga Group
Haji Abdul Samad Giga - Vice Chairman Giga Group
Amir Haji Amin Giga – Director Giga Group
Hamza Muhammad Rafiq Giga – Director Giga Group
Muhammad Owais Perdesi Giga – Director Giga Group
Mohammad Ali Qureshi – Group CEO
@GCDcrook : Haji Muhammad
@GCDcrook : Haji Muhammad Rafiq Giga stepped into his family business of textiles in 1982 which was established by his father Haji Abdul Rahim Giga in 1956. Haji Muhammad Rafiq Giga strategically focused on non-traditional and non-quota regions like Africa for trade in textile, made-ups, and machinery. Under his leadership Mian Akber Trading Corporation in Pakistan has won the Largest Exporter to Non Quota Countries award for the past 17 years.
Haji Muhammad Rafiq Giga believes in challenges. Under his captaincy, the company carved a name in the African market with a unit in Dar-es-Salaam, Tanzania with a workforce of over 5000 that earned the appreciation of the President of Tanzania for contribution to the Tanzanian economy.
In 1994 he ventured into the bullion market by establishing Mazyood Jewellery LLC in UAE. Soon it became one of the leading traders of bullion in the UAE and the subcontinent. The excellent working relationship with Union Bank of Switzerland Warburg, brought Mazyood Jewellery the title of the most active client of the year 2000. Ever enterprising, Haji Rafiq established Al Ghurair Giga Gold Refinery in 2003 at the Dubai Multi Commodity Centre (DMCC) in UAE. The project is a joint venture between the Al Ghurair Group and the Giga Group.
Haji Rafiq then entered the arena of construction and property development and established ventures in Pakistan and UAE. He established joint ventures with EMAAR - one of the largest property developers in the world and the Al Ghurair Group - one of the biggest groups of UAE with businesses all over the world. Besides his remarkable business acumen and success, Haji Rafiq is also known for his philanthropy. He is encourages the young by providing the deserving with the opportunities for higher education and personally devotes a significant time to mentoring.
Haji Rafiq is a member of the Swiss Business Council, Dubai and an active member on the Advisory Board of Sir Syed University of Engineering & Technology, Pakistan. Today all Giga Group Companies have the privilege of the leadership of Haji Muhammad Rafiq.
Giga Group Companies
@ GCDcrook:Giga Group which started its operations in 1956 has evolved into a highly diversified group of companies with business interests in gold and jewellery, real estate, architecture and construction, textiles and general trading. The Group currently operates across the Middle East region, Pakistan and Africa.
Gold And Jewellery General Trading Construction
Real Estate Gold Refining Textile Industry
Investment
GOLDCREST DREAMS 2
Hi faisal ek,
If Giga Group business activity is so widespread across Middle East and they are going to handover 1000 units in JLT , then when are they going to complete Goldcrest Dreams 2 and hand over the units to investors?
ARRA Support
Let me be very clear ... ARRA is for the support the DEVELOPER and safe guarding these developers.
I have tried so many option to get some support from ARRA but they are in full support of the developers.
the clauses in the contract are some what nulled as there is a new policy set by ARRA. So this sad part of story .
I will try till the time I can . REFUND RECOVERY GROUP is a good idea .. i am in ..
:)
@FAISAL MAKKI: U R VERY
@FAISAL MAKKI: U R VERY RIGHT, THIS IS EXACTLY WHAT I HEARD FROM ARRA TOO, THEY ARE FULLY SUPPORTING THE DEVELOPERS !! TOO BAD FOR US :(
Refund recovery group
You have about 25 people ready for some action. Each person puts 3000 dhs and you file a court case.
Filling fees are %7.5 of the contract value with max. of 30000 dhs.I believe it is the only way to get your money back.Since star giga office is located in dubai,the case can be filled in dubai courts as well.
Good luck to all of us.....
Crook developers
My whole mentality is to stand up for your rights and fight for justice.Even if you have invested very little money on these projects,you can't just walk away and let these crooks spend your money....
GOLDCREST DREAMS
Please use some common sense - you contracts are governed by Ajman Law Courts so you will not be able to take your case as a class action through the Dubai Courts.
I have researched for a year as to the best way forward. I have spoken to some of the best lawyers in UAE. The answer is £8,500 or thereabouts legal costs in order to recover 150,000 dirhams. Its simple but who has a spare 8k to throw away.....
This is from a law firm
Can property investors in one emirate file case against a developer in other emirates? For example, can a property developer from Dubai, building a project in Ajman, be sued in Dubai or Abu Dhabi?
Yes, under certain circumstances, property investors in one emirate can file a legal case against a developer in a different emirate. They can do so in the following scenarios. One, the underlying sales contract was signed in the emirate where the investor wants to bring a law suit. So, for example, an investor in a property in Abu Dhabi who signed the contract for that property in Dubai can bring a suit in Dubai on the basis of the place of the signing of the contract. This applies even if the Developer is based exclusively in Abu Dhabi. Two, the developer has an office or physical presence in the emirate where an investor wants to file suit, even if it involves the property in another emirate. Thus, an investor in a property in Ajman who invested with a developer located in Dubai can also file a legal action against that developer in Dubai, on the basis of the developer’s business residence.