Time for Legal Action
Friends
Enough time has been spent and wasted discussing the best solutions to issues in Emirates city projects. I feel all the investors have about reached the stages where either their handover dates has passed or is due in 2010. In both the circumstances it is practically not possible to get your unit with required infrastructure. I feel by not paying the installments already the projects are at standstill at this moment to protect your rights ALL those who can should go LEGAL. that i feel is the BEST solution for getting commitments from developers with COMPENSATION clauses.
At least we will get a clear picture of where are money stands. If it is lost so be it , we will at least be able to move on with our lives.
All Investors who are in UAE start taking initiative look for a good lawyer ask him to prepare case, get your documents ready and then ask them to send a warning legal notice to the developer for proceeding with a case this will cost around less than 1000$ with all the paper work and translation.
If the developer is willing to reach a common ground then fine otherwise proceed towards the case.
ACT NOW. just stopping installments will not get you your money we are just giving them more time to enjoy interest on our monies.