Emirates City Forum

Dear R-Holding;
I couldnt help it but to laugh really loud when I read your offer here. You try to come across as your an entity with good deeds that is trying to help investors for the sake of helping emarites city project to succeed and ajman to build, while in reality, like all developers in ajman, its either you dont understand your duties and responsibilites, or you are into the deception game that almost everyone in ajman is playing. You sir are the master developer, your write up here indicates very little of that, you come across as little developer not a master one. You sir should be providing infrastructure, water, electricity, sewerage, in addition to the promised lakes and malls. You sir need to be guiding the low quality developers that you have signed deals with, you brought these developers onto us, we didnt go look for them. We as investors trusted that Ajman as government, people and an emarites of the UAE, would do their homework before they sell us real estate, at least to gurantee that the developers you work with are decent and have enough money to finish the job, or even have enough experience to know how to deal with customers. Instead, you didnt do any of that, you dealt with low quality developers and the outcome that many of them didnt make it through, with the first blow of wind they vanished. And now you come and propose what? that you have nothing to do with them? you cant get us our money back, you cant even apply the amounts of AEDs we paid toward a new property, you only offer us to sell us a new one? what an offer!!!

its affendig that you try to play the small developer role here, and that you have no responsibility towards the investors and ajman and where things ended up. You sir didnt meet any of your responsibility so far. Dont be so excited about handful of projects completing, in project management, this is called FAILRUE. Should I remind you and send you the marketing documents that you guys developed to sell people like me property in Ajman? all the big promises, the latest cutting edge city with all the infrastructure. now, you are happy to deliver few towers here and there running on generators? or worse yet, deliver your fancy towers in 2014?

Dear Sir, you have failed miserably, you represent probably the biggest failure in UAE history, do you have a chance to make it up? i doubt it.

But at least, you should come through as an honost business and take responsibility for what you have done, and the damage you caused with the empty promises that you gave. If your not going to help the people getting their money back, at least apply their paid funds to date towards the new units. Thats the least you can do.

One last question, if you as a master developer CANT get the money back or sort some type of deal with the small developers, who can? the little investor?

Your offer is rejected sir.

it was high time r-holdings took responsibility of emirates city.we all want this city to be built but we want every developer to be more transparent especially R- HOLDINGS as master developer should set an example.
All investors who invested in emirates city actually trusted the rest of the developers because of r-holdings name as master developer and because it is owned by his highness shk rashid.It is unair that an investor lose his money in emirates city which is gonna be the first of its kind in Ajman.also being master developer we want r-holdings to clarify their stand on infrastructure.
lastly we hope its not another scamster posting in the name of r-holdings.As it is hard to trust anyone when the poor investors r just bluntly told go to court to get your money back which means the govt earns more money from the investors for legal actions.
thank you

you should also print the list of all EC registered develoeprs in arra having escrow accounts with their escrow account details on your website.This will show some sort of transperancy from master developer and ARRA.

We are considering publishing in news papers and even TV interviews, but in the mean time, we are working with the consultants inorder to start the new towers for this issue, as we have previously mentioned, we only have a few available units that we can offer in Lilies and Lavender, so we must have an inventory to replace people with. These new towers must also be ARRA registered along with Escrow accounts for each before publicizing the issue.

In regards to your question about the Visa issues, the information / understanding we have is that the residency dept. and any private realestate company have nothing in common. Therefore, if a developer had promised a residncy visa for his/her buyers, how can he impose that on the government?? the developer cannot decide on behalf of the Naturalisation and Residency Dept. on who shall enter the country or not. This is a matter of National Security and Political Govt. affairs. No private developer can assure u otherwise, or have any influence over this issue.

This issue is Purely a matter of the govt. which they will decide. They had recently issue a law about a 6 month renewable visa for owners of Freehod properties worth more that AED 1 Million.

this is definately not in the benefit of Ajman or andy of the Northern Emirates, but i have reason to believe that Ajman has already addressed the issue.

these Visa issues are out of the control of any developer, and the related laws have been ammended ever since they were first introduced. you never know when the next ammendment is, and what it will include.

i hope to have answered your questions

Regards

sir,
we r happy to hear from you.but as i said we have lost trust.we would be happy if you can gurantee something.we are not really comfortable to continue our payments even in escrow.We don't have an official list also abt registered developers though we get the intimation from individual developers.
so we want it on your website also since all of us have already payed more than what is contructed we would like to discontinue our payments till you sort your issues and publish it so that we have some sort of proof.
If you could publish something like the rules of payment related to construction.which slab what percentage payment to be done since money in escrow account also is not helping developers till they reach certain stage.so let our money be with us.
atleast u can adress the infrastructure issues in news papers which will bring some sort of trust.
also since so many developers are involved they can always show the govt unhappiness regarding visa issue.
how is it going to help ajman investors and today when market is on decline why would anyone buy in ajman.
this raises serious questions on our investments also.since most of us are expats.if we cann't live why shuld we buy?also 6 months will not help us to get even electricity or complete a year of our childs schooling.also ones earnings shouldn't be questioned .everyone knows the expense o f living in UAE and its beneficial for the govt if more ppl live here and spend here.

Hi and welcome to the stage, Today again you are come up to help some of the people who has lost their heart at the Investment with promising scheme, How I react on that ? Since you belongs to Charles Estate (Its an excuse at later stage) and so called Charles Estate was not existing in the first 18 months of launching Emirates city, sorry "Worlds largest development, The Emirates City" along with Lilies Tower and later on Lavender tower with Big Advertisement and promise that this development is the solution of the middle class family, AS -
1. Middle class family can't afford the dream of house in Dubai
2. Middle class family may not get the finance from bank
3. Souring rents ( 2006, 2007) making very limited option for middle class family to get reasonable accommodation

Ajman is coming up for all solution with " The Emirates city" and it would be delivered quality project with very low and competitive price and NO finance NO paper work, and pay only for first three years before your accommodation handover then pay rest of three years after handover completion is Mid of 2009 and what else.....

I do appreciate that some one with big confidence coming and selling same property saying that they know they are delay, well they permit me or the investor of Lavender or Lilies that if we not pay for next two years we also apologize for the same as Charlestate.

Remember Lavender construction reached to 13 Floors, out of 50 floors from launching July 2006, Lilies reached 10 Floors, out of 50 floors from launching June, 2006, Well I ask the officer or management staff will they do the investment in such a proven poor progressed construction, what will be their reaction if today I would be the developer and they are my investor.

We were feeling proud when we booked with you but today we are again happy that some of our friends and family members escaped from that investment even our own free advocating for this project.

We do understand that Charlestate is the marketing team and their job is to sell, but be ethical overall its a business where families emotions their dream and whole life saving on stack, We trust Ajman not only trust but we rated your development higher than our country, your slow rated poor show now can't allow us any more trust on you.

The fact of offering apartments to Lilies and lavender is to re-regulate the monthaly payment which was stopped by some of the original investors and now they want thertning those investor with bringing new buyers.

Charls Estate please remember the completion / commissioning and handover date of your both flagship towers named LAVENDER and LILIES is due after 22 days? where are you today ask your management what new date will be offered to the upcoming contract of your new buyer 2013 or 2015, Its like re-release of the old movie its in custome now a days superhit black & white old superhit hit movie of 1970 coming back and releasing in 2009 with color print.

Don't think that we are negative, we are just showing mirror to you and your achievements and above all the efforts you have put on for your so called "FLAGSHIP PROJECT WORLDS LARGEST DEVELOPMENT THE EMIRATES CITY"

Welcome once again to this site where you can see your own creation of past three years.

Sirs
I have an apartment in lakeview 2 and have paid in full, if you are telling me you would give me an apartment similar to this in a completed tower, then that would be great, don't think you will do that will you? i expect you will only give people another property if they are foolish enough to start giving out more money. It would be great to have this whole mess exposed in the press and then we will see just how much investment there is in ajman. If the government would step in I am sure most of the people in this forum would be singing there praises and hopefully give ajman the dream it wants.

looks like you cann't answer us now.
stop plaaying with our sentiments.

Why didn't the govt issue atleast a warning while selling the flats that issuing the visa is not a federal law and why it is not mentioned in our contracts.this means we cann't trust any of your so called official papers.
At least the law should have been for new buyers and the old buyers should be given as per their contract.
like the visa tom the govt will say we don't own the flat also.How do u think we can trust u anymore? forget honouring our contracts u cann't even tell us when the infrastructure will be ready and till when we can expect the electricity.
while designing the project did you never think abt a date or you were just concentrating on selling.
Have to say don't trust this govt and this country anymore who try to steal the money invested by expats.also by issuing 6 months visa the govt is showing as if they r doing a big favour by allowing us to live in our own flat.I f this is the attitude they shouldn't have started freehold and kept their flats to themselves making them ghost houses.if the govt sees the 70%of UAE economy is by expats.

Dear investors and friends on this board

R-holding and their affiliated developers, all of them, will keep comming up with new scams for the next few years to get more money from you. What you saw here is one of them. They are trying to replace investors who stoped payments with new buyers, instead of fixing the problems, they are adding to the fire. Due to their lack of understanding of our realities, they came back to us again, they are shopping in the wrong mall! They should be very far from here, as we all have been screwed already once, and we refuse to be screwed again. I recommend they go shopping somewhere else. For us, our demands are clear:
1- Payment plan that is linked to construction progress.
2- Monthly report of every project progress and issues
3- Projects/developers finance data. (transperancy) which project got how much money and how much derhams.
4- Quarterly monthly report for infrastructure progress. dont just come here tell me that we will see progress on malls and lakes, while our electricity generators might be a good option, I cant believe you wrote that up there.
5- New contracts, that show penalties for delays, including past delays!
6- most importantly, some developer companies have to go to jail.

Let me add one last comment, we all know some major theft and scam took place in Ajman, if the government of ajman and the sheikh do not put some people in jail, to us, the theives have gone unpunished, will you or your family invest in place that allows theives and theft?

Oh one last thing, please hand this email to your XXXXX. :)

Dear All,

Charlestates is 100% owned and operated by R Holding. Charlestates operates as a brokerage firm as well as the management of the R Holding Real estate projects.

Its true that Charlestates did not exist in the initial stages of launching and selling the properties, they were initially launched through a company called Sahara. Yes, they may have made claims and promises, but today, w do face delays and issues, but we are here to go forward. Charlestates was established at a later stage as a division to take over the management of these issues, and solve all the problems that are in relation to them.

Therefore, Charlestates is here today to work and progress on these matters to the best corective measure possible.

We had around 100 units in both Lilies and Lavender towers that were not sold since day 1. The reason was to Hold them for future rentals. but in this case, we are offering them as replacements and we are doing it inorder to improve the situation for many people that have already approched us as a Master Developer in order to solve their problems.

This initiative is not a sales plan, but rather a solution from our part for the people that have approached us seeking help!

We are aware that we are late with construction, and we are applying tremendous pressure on our consultants and contractors. we are also retendering for another contractor to take over and complete faster.

Infrastructure: as mentioned earlier, we are working on the matter, and it will be done.
Electricity: Generators are a temp. solution until the electricity issues are sorted by the Govt.

We do not have a list of developers that we wish to replace with / for. if any investor is facing issues with his/her ideveloper or project, they are more than welocme to visit us for an offer if they believe it is beneficial for them, or they can stick with the conventional ways of going to court.

Al Rashed Real Estate is a company that has no relation with R Holding or H.H. it is a private realestate company owner by Ahmed Rashed Al Kaabi. Charlestates had previously worked on one of his projects as a broker ONLY, and we have a contract about that agreement which clearly shows our involvment and the parties involved, along with who represents them. I assure you that non of our staff, both R Holding and Charlestates had ever claimed that Al Rashed Realestate belongs to us. If other brokers which approached you have claimed so, you should have done your due dilegence and confirmed the facts with us.

I will repeat and say that R Holding is a PRIVATE COMPANY and not the Government and cannot interfere with the laws of the country and the supply of the Electricity, and the isuance of Visas. We can only approch the concerned government departments and address our issues, along with your issues too, but the solution does not lie in the hands of R Holding being a Master Developer.

The Visa issue is a Federal Law (as explained earler) and R Holding clearly states in its contracts that "The Buyers residency visa is conditional on the UAE immigration and residency laws" and that R Holding will assist in processing it. The laws have changed for the Entire UAE a couple of times so far, and Ajman is working on the issue with the concerned departments.
if different developer have claimed or assured residency visas, then the Naturalisation and Residency department should be informed inorder to take actin, not the master developer.

Ownership of the Units is a matter that is in R Holdings hands, and we have never claimed otherwise. Ownership belongs to the purchaser once his / her agreed payment plan is complete, and the handover of the unit is also done.

As a Master Developer, R Holding is responsible for the Infrastructure of the city (Roads, landscapig, lakes, electicity of the project roads and the facilities that are under the management and control of R Holding) independnt subdevelopers as the case is in any master community in the UAE, is responsible for there own electricity and water connections.

To make things clear, the Master Developer is resposible for there own towers, and the roads, and facilities that are a part of the community. Other individual developers within the Master Community are responsible for their own construction progress, their own sales and marketing techniques, and their own payment plans, and their own promises and drafted contracts.

As the master developer, we give the plot and the guidelines of the tower structure in terms of height, orientation and coordinates.
We cannot interefere with their management.

Government entities that have been established to Regulate the Real Estate market in the Emirate of Ajman (ARRA) is the entity that can influence and help in these matters, not the Master Developer.

We will immediately start working on our website issue, and we appologize for not updating it. and we hope that it shall have all the sufficeint information required.

We are seriously working on all these issues, and we are committed to complete, even with the current delays, we are looking into moving things forward, and not creating further delays or promises.

We appreciate your inputs, criticism, and we hope to serve you better.

Regards.

But the question is still you are not able to give clear dates to any kind of issue like infrastructure,elctricity or eye tower etc.the things are still like dreams to us.
One more thing I understand is you are not a govt company but private owned by govt(HH) THEN WHAT IS THE DIFF.You should also convey our views on visas to the govt ;all the developers must as it is going to effect the prices in ajman .

Hello Charlestate

I have paid around 65% of the flat cost so far whereas the developer has not even constructed 5%. Currently the payment has been stopped and they say they are still processing for ESCROW. We dont know ultimately whether they get the ESCROW or just buying time before they run away. Can you advise and offer help to us on this pls or we just wait for him to run away.

??????

????

I as a moderator on this forum welcome the representative from Charlesestates

I am of the view it is brave and appropriote for representatives from Charlesestates/ R Holdings and other developers to come on forums such as ours so that those who have concerns of the developments may engage and have a channel of communication and updates on issues of concerns, so as to dispel any false rumours, or provide explanations of concerns of investors, who sadly for some quite often do not recieve responses to telephone calls or emails.

however i note he/she fails to indentify himself/herself in person with a specific name, and office and i would request he/she does so, so that those on this forum who rely upon such comments may know upon whom they are relying upon.

whilst some contributors on this forum are emotional of circumstances in Ajman, and throughout the UAE, i would ask all to try to express there concerns with ettiquette and if genuine concerns and critisisms to do so constructively, so that we may all benifit in resolving our concerns.

i am sure we all; developers /master developers and investors, want ajman and particularly emirates city to be a great success. whilst some have genuine concerns of some developers credentials, and delays in completions, and payment plays etc, let us try and address these issues from both sides, constructively.

a question of concern i have, which one of our esteemed members Dwarish has asked 2 times, without any substantive response from charlesestates, is what compensation is R Holdings planning to provide investors for failure to complete projects at agreed time.

1, in emirates city as a whole (on basis of R Holdings being vicariously liable as master developer)
2, in specific towers such as lillies etc which are being developed directly by R Holdings etc.

Additionally as Master developer what steps is it engaged in to ensure other developers under its ambit, are going to complete construction expediously, as well as what steps for providing compesation for delay to their investors therein.

I look forward to hearing from you.

The guy told you already;
He cant get you visa
You will get generators
He cant force developers to complete their work

He is just here to sell the last 100 units plus the ones that were defaulted

Whatelse do u want him to tell you?

Amazingly honost.

Dear Musafir,

Thank you for welcoming us on board, and understanding our postion and the reason for joining this forum.

In regards to your questions above, our reply is as follows:

We are a law abiding company and follow the Rules & Regulations that are ordered upon us from the Government.

In reference to cancellatons / refunds / compensations for delays / etc... Today there is an authorized partywhich is a part of the government which lays down the rules for all Develoers and master develoers such as ourselves. ARRA is who "regulates the market" and gives us and all other developers the directions and the laws on how to deal with such issues.

Thanks

Dear Nader, Ajmanflat, Krishna, and ALL,

We have been monitoring this forum for the past 2 years, and it clearly shows that all the members have problems, and want to spk to developers / want answers / try to organize visits / etc...

Now that we have come to you and joined your forum, and are presenting solutions / answers / and have discussions about the issues, you are calling us thieves/ liers / scamsters / etc..

As we said before, we dont blame you for that since what is happening in other developments.

If you think that there is no place for us here in YOUR forum, that means that you guys have no problems, and that you are on top of things.

We have full time jobs to do inorder to deliver your properties and solve your problems, and we cannot waste our time on this forum to discuss other unrelated issues.

We have joined inorder to communicate with you, and if you personally think its a scam, and that you dont need our help, then please do not reply, and remain as a viewer.

If the Admin of this website thinks that we should be kicked out, them please say so, and we shall leave the forum immediately!!

It your website at the end of the day, and if you dont think that there is room here for a developer, then please let us know, so that we will not waste furher time in writing detailed responses, and tinking we can help since you dont need our help.

Thank you

Dear Charlestates
There are some developer like Sweethomes which are working in the site.Kindly inform us how they ask us to pay installment of after completion before it.
As most of us bought unit with 50% till completion , 10% on completion and 40% through installment with 2 years after completion.
All installment was schedule on completion date of DEc.2008.
It is fantastic that a reputed real estate such as Sweethomes ask us (insist) to pay all insllamnet of after Dec.2008 without any attention to new time of completion.
In fact , they insist to collect all of installment(which should be paied after completion) on time without new time of completion and they do not accept to Re-schedule payment.In other hand , there is no one to punish them regarding to delay in hand over , non residency , ...
Wich were guaranteed in all our contracts.
We may thank you why you can not do any thing against such as this developer who does not escape but look to cheat in everything that is possible.
Instead of paying penalty to us due to Delay , Residence Visa ,... : it is really fantastic that they insist to get installment of after completion before it.
Hope to hear from you soon.
Best Regards,
Farzad

Dear sir ;
Thanks for your prompt reply.
according to sales contract , seller mentioned the "installment on Dec.2008 - possision " and it is clearly mention the completion date.There are 8 installment which is after that.
I personally spoke to Sweethomes but they do not accept.They said only especial installment should be kept and the rest which is after that should be paied.
I sent a letter to ARRA and informed them that Sweethomes asked for installment of after completion before it but did not receive any reply.
If you can help , i can send you fax copy of sales contract.
It is not response to loyal invester such as me who paied all of installment on time.
It is really bother me more than everyting that they really cheat at any cases.
Even now if you go to their official website of Paradise lakes , you can seel an advertisement of them which shows 40% payment after completion.
Best Regards,
Farzad

It is very refreshing to hear first hand information from the master developer. Thank you for offering solutions, but, please address specific problems. We have to know, which towers are going ahead, which ones will be cancelled? Do I need to worry about business vista or emiratescity tower?