Legal Support & Advice ---- Emirates City Forum
2012 has started and this year according to contractual details the developers are legally bound to compensate along with penalty amounts. Thereby this year a lot of legal proceedings are expected from the Investors. A good suggestion was posted by szsiddiqui in this forum about Legal Advice at this forum. Is it possible to arrange a legal support forum at this website. A honest and true legal advice is needed by most of us. If any member himself or suggest a honest legal expert it should be welcomed.
Copyright © 2007-2011 Emirates City Forum
unity is strength
we have to unite together some investors are here some are there groups here and there it doest nt work this way we are sailors of same boat and victims of injuistice lets unite together in one strong group and have one leader GCDcrook is actively involved lets choose him or we can vote for one and then contact the media .and proceed from there.
reality
Any UAE citzenship recording to thier low he is over the low and you know how took our money .they put just some figer ( names ) from india or pakistan to cover the game in profisnall way .belive me .i have dobut that we will get even our money not to get more ( refund) .hope i am wrongggggggggggg
lets unite
form one strong group its time now refund plus profit thats the goal.
I created a group on facebook.
they robbed my dad of 1 million dirhams, thanks for ruining my future, they need to pay, i am sure if we join and make a strong petition with everyone of the invester we can make a difference, here is the link to the group, pls share all the info, we need to get updated through the investors side: http://www.facebook.com/groups/saveemiratescity/
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.
Leo is a developer agent
Leo you feel nothing can help the investors. If that was the case what are you doing here in this web site discouraging others. And why then you are not keeing quite. Instead everywhere in this forum you are pasting this message to discourage other investors. Go and tell your agent developer that as happens in any movie, in the end the crook is beaten and ashamed .
People
There are all kinds of people who have joined this community.Our goal is to keep each other informed,share ideas, and fight for a common goal which is to get our money bank.I do not think that any body has a money printing machine and we can just keep on printing more money and forget the money we paid to these criminals.Ultimately we have to decide for ourselves who is an agent of these crooks and who is poor investor.