immediate payment required from sweethomes
hi,today i received an email from sweethomes:We note that despite our previous reminder, your payment as mentioned below
Installment No. Installment Date Installment Amount
--------------- ---------------- ------------------
9 02/12/2008 42,400.00
10 01/01/2009 20,600.00
11 01/04/2009 20,600.00
--------------- ---------------- ------------------
83,600.00
pursuant to the paragraph Fees and Installments of Irrevocable Reservation Contract (IRC) No. 209 dated 28/01/2007 has not been received. Your account continues to remain in serious default.
We are sure that this is an oversight and now need you to make an IMMEDIATE payment of the overdue total installment(s) amount ( 83,600.00 AED ) and penality charges ( 10,453.20 AED, )
in the Escrow account Provided below , Please give this matter your URGENT attention and send your payment today.
If you have already sent your payment to us, please accept our thanks,We further request you to send the copies of your receipts on
rashidkhan@sweethomesuae.com
so, what should i do?have you recieved email like this?pls help me!
dont pay
call ARRA, and ask if they really have escrow. If they do have escrow, moving on to the next steps that will avoid investors to be scammed again:
1- ask your developer to revise the payment plan to reflect construction progress and delays.
if they build, you pay, if they are not building, no payment
2- ask your developer to commit to infrastructure work, electricity, etc, all should be listed in your contract.
3- ask your developer to revise the price to reflect 30% reduction keeping up with real estate value in UAE
4- ask your developer to meet with you and explain why they are delaying constructions
Once all that is satisfied, then you consider paying. Otherwise, dont, ARRA rule#1, developer can not revoke contract period.
dont worry about the language they are using to terrorize you. Make sure they build according to what you pay.
if you have paid so far 20%, they need to show 20% of the building. thats the bottom line.
Re-scheduling
I am 100% agreed with above said suggestion. All developers should follow this rule after opening escrow account and revise all these things
Arra should also take action and ask developers for rescheduling payment plan and agreement.
escrow account open email from Sweethomes
All,
got this email from sweethomes this morning regarding B3 tower:
find attached escrow accounts where you can transfer your payments, instructions and your END UNIT ESCROW ACCOUNTS NO. is also stated in the attached letter.
For any further clarification and assistance pls. feel free to contact our
office.
PAYMENT INSTRUCTIONS:
All overseas buyers must send the funds only through Bank Transfer as per details below:
US Dollar:
All Bank Transfer Slips must contain the following:
1. Account Name:
• JP Morgan Chase New York (CHASUS33) ABA No. 021000021
Account Number:
• 400-80-6533
2. End Unit Number:(hidden)
We repeat that these two information: (Account Name, Account Number and End Unit Escrow Account Number) is essential to fill in the bank Transfer slip.
GBP:
1. Account Name:
• Barclays Bank, London (BARCGB22)
Account Number:
• 2032/5300/284475
2. End Unit Number:(hidden)
We repeat that these two information: (Account Name, Account Number and End Unit Escrow Account Number) is essential to fill in the bank Transfer slip.
Euro:
1. Account Name:
• Dresdner Bank Frankfurt (DRESSDEFF )
Account Number:
• 499/08087726/11/888
2. End Unit Number:(hidden)
We repeat that these two information: (Account Name, Account Number and End Unit Escrow Account Number) is essential to fill in the bank Transfer slip.
(I have hidden the end unit account no. myself for security)
It would appear that each unit owner has their own individual account number which needs to be highlighted when transferring payments.
I am checking this with ARRA for verification before I do anything else - anyone had any correspondance re their tower?
sweet homes screw acount
I was UAE last week, sweet homes gave me details of B5 tower and the screw account of this tower. The bank is dubai islamic bank,
I visited and checked with dubai islamic bank and ARRA and they both told me I have the the corect escrow account of B5 and they said after now your payment is safe. I paid my due instalments to the escrew account B5 and I am keeping an eye the constuction till end of 2009 and begining of 2010.
Poor thing
Give it 6 months, you will find out ypur payment is not safe with escrow. Is ARRA managing the account? Ask and find out, get a revised payment plan.
you see we are unit!
you see we are unit!
dont pay to escrow(sweethomes)
just remember the (notorious) letter they snd to us from EC stamped by ARRA, stating that they will finish paradise lake at Dec.2009. they are erogant and think that they are supported by ruler of ajman(specificly his son).
escrow is to suck our money without real guarantee. new trap, for me I will not pay
Payment for Sweet Homes
Tuma, I fully agree with you. Not to pay SH anymore till completion as indicated in the Contract and clearly and undoubtedly stated in their ads. Escrow account could be another trap. No need to throw good money after the bad money.
Regards
Dearest I have not pay
Dearest
I have not pay sweethomes from my Installment on Jan and till now i have not received any notice from them.As i should pay 40% of amount within 2 years after completion and in other hand the completion date is chnaged from end of 2008 to end of 2009 , i Asked them to reschedule the payment but they refused.
Can they push us to pay installment (which should be paied after completion) before ?
What does the rule say?
Best Regards,
Farzad
there are no rules
dont pay until you clear all your concerns with them.
1- revised payment plan that connects your payment to construction progress
2- any penalties you want to impose for the delays
3- electricity gurantees
you need to be convinced they will deliver.
Payment after completion
How can the developer ask for payments before completion of construction, when those payments were meant to be paid after the completion of the tower? In this way slowly they can grab all our hard earned money, and tell us to forget about our original payment plans. Based on my personal experiences on individual basis, I am afraid that once they have got all the money they will not listen to the investor even if the investors beg their rights. We remember the initial days when we were booking our apartments how pleasantly the developers were talking to us. Once they got few installments their behaviour started changing and they stopped responding positively anymore.
Sweet Homes Screw Account
Willi, I fully agree with you that it is not an escrow account but a screw account, to screw the investors (pardon my language).
Well said Willi. Think before you pay any instalment.
Regards
B5
What is the account details please?
sweethomes correct email
hi,i must remind that email address i recieved was:sweet@yahoo.com.
i dont think it is a official email of sweethomes!
what do you think ?also i wrote for them,but my email refunded!
You can reply SH
Dear moh
You can reply like below.
Pursuant to the paragraph of handing over of Irrevocable Reservation Contract (IRC) No. 209 dated 28/01/2007 has not fullfiled. Your delivery date remain in serious default and contractual violation. You didn't give me new payment schedule, completion date and penalty if you delay again.
I am sure that this is an oversight and now need you to make an IMMEDIATE action. Thanks for opening Escrow account , Please give this matter your URGENT attention and send new payment schedule.
reply to SH
Hi Moh & all,
Got my email from Sweethomes today - I sent back the following:
Do you know what the meaning of CUSTOMER SERVICE/SATISFACTION??
Considering you had NO Escrow account set up on 1st April 2009 I find it extremely DISGRACEFUL of you to say I am overdue.
YOU are overdue in supplying ME with MY apartment which should have been completed in DECEMBER 2009.
WHERE IS MY APARTMENT AND MY KEYS ???????????
YOU WILL NOT RECEIVE payment
9 01/12/2008 42,400.00
until I have my keys to my apartment as per the contract I signed in good faith with you stating that payments 9-16 are due AFTER COMPLETION, as per the ads you put on websites and media ( I still have a copy)
I read yesterday that ARRA will schedule payment plans in accordance to construction.
Latest pictures show that you are only on floor 2 of the building.
Force majure or no force majure, recession or no recession - YOU unable to supply Power, Water and a building is as far as I am concerned is a Force Majure and therefore I am WITHIN MY RIGHTS to withold payment. A contract is an agreement by BOTH Parties to adhere to. I have met my agreements, until the LAW of UAE intervened (ARRA). YOU have NOT provided me with my completed apartment.
I respectfully request that you adopt a payment schedule linked to construction like and come back to me with an appropriate payment plan if you WANT payment on time for JULY 09.
PS - I have NOT received verification from ARRA as to this Escrow account and as per their instructions, until I do so, I will not pay further instalments.
By the way, the last communication said Dresdner bank, and now you change again to Dubai Islamic bank??? This is a complete joke!
I have chased you on every occasion for answers and your staff will accept I have been most co-operative in this matter but your email has made me extremely ANGRY
I await YOUR RESPONSE - if you want payment. IT IS UP TO YOU to REPLY
Hugs and kisses xx
Sorry the last bit was me being cynical - probably won't hear anything back though
Anyone else paying next installment - to be fair they have progressed construction in the last 2 months upto floor lvl 2. YIPEE! :O
nice email
nice work nads.
i bet develpers hate the fact that the investors are waking up.
new tone. they used to get cash right away, not anymore.
thats what happens when you
LIE LIE LIE
develpers in ajman = liers.
sweethomes email
sweethomes send me email every day ! i dont know that email address is correct or no?beacuse i can not send them any reply by this address(sweet@yahoo.com) .did you recieve email from sweethomes with this address?anyway i am waiting for new payment plan.
Sweet Homes Dubai office
Hello dear investor like me and hundreds other. Today sweet homes sended me new contract by DHL express witch I did not accept to recieve , it was a registred sending. I told the DHL guy that I dont want to recieve this. They are now sending out new contract where it is stated Thayt the buyer ( I ) will start paying the rest. Dear brothers they are now desperate after money, DO NOT PAY ANY MORE , THE CONTACTS IS CLEAR REST 50 % AFTER HANDED OVER. They will not find any new buyers for these projects, So lets gets together brothers and stop paying , to show that we have the power. Do not sign any new contract from SWEET HOMES DUBAI for paradise lake tower. This is FRAUD. We have signed one contract and that is enough. LETS ALL BE HARD TO SWEET HOMES DUBAI , THEY THINK THEY CAN MAKE US TO PAY MORE - WHAT A JOKE. I RECOMMEND EVERY ONE TO WRITE TO SWEET HOMES DUBAI AND SEAVIEW LONDON AND DEMAND TO GET THE FLAT SOON AS POSSIBLE. WE HAVE TO PUCH THEM. I say it again DO NOT PAY MORE, they can not do any thing before they have build the tower (s). Do not pay to escrow account, the contract says 50 % after completion.
my reply sh
first that e.mail(sweet@yahoo.com)cabt be replied to, any how I send e.mails to salih and told him that it is UNACCEPTABLE to send me any more mails except the construction completion mail
they are senseless people
I personally stopped payment
I personally stopped payment from January and they have not send me a notice letter for payment or interest as i informed them that 50% of total amount was after 2008 and it was schedule according to completion date of Dec.2008.
I asked them to change the schedule payment but they insist to get money and have not change the payment terms yet.
I really worry with these cheater developers.
Instead of paying penalty to us due to falling price&delay , they asked us to pay installment of after completion before it.
It is really a good response to loyal & fool investors like us.
Best Regards,
Farzad
I stopped my instalment to
I stopped my instalment to sweethomes since Dec 2008. At the beginning of this year they sent me e-mails to pay with penalty charge. I replayed to them you have to pay a compensation to me first because delaying of construction and cheating us in newspaper when we purchaced our apartments the completion date was Dec 2008. I told them I will go to court if you ask for any instalment until completion. Then they stopped sending me any e-mail. So don’t pay them any instalment till completion if you paid more then 40%.
Reply from Sweethomes to my email
Dear fellow investors - I received the email below from sweethomes after threatening to go to the press in UAE & UK. It seems a firm hand does the trick. They still want my money though - hmmm shall I pay?
They have now reached 3rd floor on my building (B3) - thats 2 floors of parking and 2 floors of apartments in just under 3 months -OH MY GOD - ARE THEY ACTUALLY CONSTRUCTING?
-----------------------------------------------------
Dear ....
Pls. disregard the reminder regarding the completion amount as this reminder
is automatically sending thru our system generated mail, pls. be informed
that the Management has re schedule this payments on December 2009 however
since the construction is on going and funds are required to sustain the
delivery as fast as possible hence all the rests of the payments should be
paid accordingly.
We agree that there have been certain delays on hand over the apartment,
however, we are approaching the Contracting Company to faster the
construction work and tentatively by December 2009, possession would take
place.
We sincerely apologized for the inconvenience caused and appreciate your
concern on this important issue which is off course beyond our control and
competency.
More over, regards to the ESCROW accounts details, pls. be informed that the
information I have sent was the instruction sheet for Over seas client, if
you will check the whole email which you have received thru our system
generated mail it was also attached their the same instructions which I have
sent to you before, it is the same accounts there was no changes made as you
have stated in your email below, Sweet Homes has only one Escrow account the
only difference is that there are options for overseas buyers as they 're
usually transmitting dollar, euro and GBP currency but for the local buyers
they don't required as they are paying AED currency but all this amounts
coming from either overseas or local buyers will all reflect into this Dubai
Islamic Bank, Sweet Homes Escrow accounts in which the details are below.
For and on behalf of Sweet Homes Holdings FZC.
Best regards,
Naima
further reply to SH email
Guys and gals,
Just sharing my ongoing discussions with you all, I feel it helps to share these things and someone else may benefit from the conversations.I am having with SH .. after all, we are in this together!
PS - where are you Imre Solt & Dwarish? - not read anything or seen any pics from you both for ages
------------------------------------------------
Thank you for your email.
I take on board your comments but fail to see how you justify the following statement "however since the construction is on going and funds are required to sustain the
delivery as fast as possible hence all the rests of the payments should be paid accordingly."
With all the payments you should have received upto now, you should have enough money to have completed the towers. Afterall, the payment plan would have been designed to factor this in ie 40% of payments and you get your tower ready to move in!! the rest of the payments are due after completion and handover as per your contract, media circulation, web advertisments etc...
Therefore are you saying that you have NO money left to complete the towers? Have you run out of money for construction?
The rest of the money was due after completion, so why now do you say that FUNDS ARE REQUIRED TO SUSTAIN THE DELIVERY?
What have you done with all our investor money that we have paid up to now??
Your reply, while appreciated does not fill me with confidence, and I don't see why I should pay more money right now when you should already have the money in your accounts/R Holding accounts to build a completed ready to move into tower. Will power, water, electricity, parks and lake also be ready in Dec 09?
How am I supposed to live there if these amenities will not be ready? You have 6 months to complete all this - this is NOT realistic by any stretch of the imagination.
Please explain how you can expect me to pay as per the original schedule when you have not stuck to your end of the agreement.
Your case for requesting payment is still not valid considering I have made payments as requested and am still watching my tower at 3rd level.
If it was B8 tower at say 21st floor, there may a possibility that the would be ready, but what of infrastructure? Please advise status of power station, water, lighting, gardens, schooling, mosque and shopping mall, etc...
Sorry, your argument fails big on these points.
I look forward to your EXPLANATION on these matters.
Nads: Thank you for
Nads: Thank you for sharing. I think for far too long, we've been battling these guys one by one....and each one of us gets a story and a run around. The more we can compare notes, the more empowered we'll be in our arguments.
One big divide between buyers is - those that have issued PDC's and those that have not. Anyone with PDC's outstanding is getting shafted twice - by the rogue developer - cashing cheques at will - and another by the letter of the law if we don't honor the cheques.
In our case, they don't even want to, or have to explain. Any time they need money, they just cash another cheque !
So on behalf of those of us who've issued PDC's please keep the pressure on and make them work for each installment ...... Maybe time for us to cc the press, contact our embassies, contact the UAE embassy in our home countries etc. All of it may be too late for each of us, but at least it may lead to a change in these rogue practices....and keep other innocent buyers from falling into the same trap.
Contact embassy for help!
Can anyone provide assistance in contacting our embassies and contacting the UAE embassy in our home countries to help us from the rogue developers?
Good Idea
Contact your embassies .let this scam be known world wide.
Embassy Info
Ajman Dream:
List of embassies in Abu Dhabi. Not sure how current the data is - but Google search should help.
http://www.indexuae.com/Top/Government/Embassies_and_Consulates/1 (4 pages)
List of UAE embassies in various countries:
http://www.visitabudhabi.ae/en/plan.your.trip/before.you.go/uae.embassie...
If we have any UK based buyers - since Sweethomes has a UK office - and some UK agencies may be worth complaining to. For a start - UK Truth in Advertising laws had to have been violated.
Also wonder if writing to the Municipality, Land Dept &/or Ruler's Court will help. They all seem to have websites / contact info. Just some ideas.