GUYS I JUST MADE A GROUP ON FACEBOOK, JOIN IF YOU WANT TO COMMUNICATE WITH OTHERS ABOUT, TOGETHER WE CAN TAKE AN ACTION
HERE IS THE LINK TO THE GROUP. http://www.facebook.com/groups/saveemiratescity/
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HERE IS THE LINK TO THE GROUP. http://www.facebook.com/groups/saveemiratescity/
Join this group to recover money
I request everyone to please join this group on Facebook as this might be the beginning to recover our hard earned money.
Emirates City
Just send the request to join the group
pot at end of the rainbow is empty
Legal action should only be contemplated by the buyer if the party being pursued, that is the developer that the buyer signed the SPA with, has money in the pot. Most would agree that most private developers in Emirates City are probably technically insolvent, that is, they have no cash in the pot. So even if the court rules in buyers favor, where is the money coming from to refund your investment...not the court, not the government, but the party being pursued being the developer...but no money in the pot to refund. Legal action against developer is expensive in UAE. Plan on spending at least AED 100,000 just to get the case to a court. So do the math. Would you spend AED 100,000 plus plus when there is no money in the pot at the other end of the rainbow. It makes no sense spending good money when there is nothing there to go after.