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join together

Thu, 05/14/2009 - 06:50 — ROSE

Unique tower investors should join together this is the time to take action against developer and Real estate brokers because they did not submit the documents in ARRA office till dated 12/05/2009 can be contacted through this Forum

‹ Unique Towers Registration uniquetower ›
Thu, 05/14/2009 - 08:27 — ccmohan75

join together

MS

Can u contact me on 0558331864. We need to discuss this further. From what i heard from Muhammed Patel, they are in the process and it should get over by this month end. If that is not the case we are in risk. Infact my payments (PDCs) have been stopped for now.

Thu, 05/14/2009 - 14:49 — rr70

join together

After meeting with Unique homes, I felt they don't intent to cheat but concern is they have not registered with arra or escrow a/c.

Mon, 05/18/2009 - 08:37 — E.C. McAfee

Escrow Account

Hello Unique Tower Investors:

I am also a fellow investor who has been in constant communique with Mohammed Patel at UniqueHomes in the Al Noor Tower, Dubai office. Here is what he has told me regarding the Escrow Account:

1. The escrow account will take approximately 45 days to create per M. Patel.
2. The delay in creating the account is due to the governing entity to conduct an internal audit of the current account.
3. There are 72 towers and many of them are in the process of creating an escrow account, etc. so you can imagine a small emirate like Ajman does not have the infrastructure to speed this process up.
4. Investors are instructed to suspend (per M. Patel) their monthly payments to UniqueHomes until the escrow account is created, however, once it is created and all past and current investments have been transferred over, any payments to date must be made to keep the payment schedule current.
5. Many people are nervous, anxious, etc. about the current economic crisis and many unsubstantiated rumours are flying on these postings. Let us deal in fact only. Everyone is invited to visit M. Patel in the Al Noor Tower in Dubai to discuss any concerns they have about this project.
6. The completion date is on schedule and everyone is invited to visit the construction site to see the project and how it is coming along.
7. M. Patel is going to keep up on postings on this forum in order to have more transparency for worried investors.

That is all I have to contribute at this time. Please feel free to make any comments about this posting.

Regards,
E.C. McAfee

UniqueTower Investor

Mon, 05/18/2009 - 13:57 — E.C. McAfee

Question of who the developer is...

Hello UniqueTower Investors:

The following explanation regarding the question of who the developer is for UniqueTower was emailed to me by Mohammed Patel today:

[Unique Lake View Ltd is the free zone company that owns the land on which Unique Tower is being built. Unique Lake View LTD has given full authority to Unique Homes Real Estate to act on there behalf to manage the project regarding all aspects. This agreement between the two companies however cannot be mailed as it is a confidential agreement between UniqueHomes and Unique Lake View LTD. There are other documents between UniqueHomes and the Ajman Municipality, which also cannot be distributed to the clients / investors. However, all investors are more than welcome to view these documents in our office but cannot take copies as it is not related to them since it is between us and the authorities. Any and all documents that relate to the client will be issued to the client however if they wish to view these we are more than happy to show them in our office.]

Regards,
E.C. McAfee

Mon, 05/18/2009 - 14:12 — ROSE

unique tower

Thanks for updating us,