Poll

What is the current status of your Ajman investment?
1) Swapped to another property in Dubai
4%
2) Swapped to another property in Ajman
3%
3) Swapped to another property in other emirate
0%
4) Waiting for developer to finish property
42%
5) Received a full refund from the developer
1%
6) Received a partial refund from the developer
0%
7) Given up!
16%
8) Filed a court case for legal action
12%
9) Stopped payment of installments and given notice to developer
21%
Total votes: 67

JOIN FACEBOOK GROUP - http://www.facebook.com/groups/saveemiratescity/

HELLO,
THEIR ARE ALREADY SOME INVESTORS WHO OPENED COURT-CASES AND HAS SWAPPED THEIR CONTRACT FOR OTHER PROJECTS IN UAE, IF YOU ARE ONE OF THEM AND READING THIS THEN PLEASE JOIN THE FACEBOOK GROUP, HELP OTHERS BY TELLING US HOW YOU HAVE COME TO AN AGREEMENT, WE ARE ALL AIMING FOR THE SAME THING, SAVING OUR INVESMENT

AND IF YOU ARE JUST AN INVESTOR, I SUGGEST YOU JOIN THIS FACEBOOK GROUP, THEIR COULD BE OTHER INVESTOR WITH THE SAME PROJECTS, AND WE ALL COULD HELP EACHOTHER

HERE IS THE GROUP:http://www.facebook.com/groups/saveemiratescity/

R HOLDING OWNER THE SON OF AJMAN RULER

THE LUXURY LIFE THAT THIS YOUNG MAN IS LEADING, AND THE WEALTH THAT HE IS ENJOINING IS MADE POSSIBLE BY INVESTORS HARD EARNED MONEY. TO FLY TO EUROPE AND TAKE YOUR CAR WITH YOU ON A PLANE WHEN EC PROJECT HAS FAILED IS IRRESPONSIBLE AND BEYOND BELIEVE. WE SHOULD HAVE NEVER TRUSTED THIS KIND OF IMMORAL FAMILY WITH OUR HARD EARNED MONEY.

R Holding gets UK media coverage

faisal ek's picture

Dubai's Lakeside investors demand refund from DAMAC

Property that was supposed to be ready in early 2009 still far from complete; developer anticipates handover by 2013
By Sharmila Dhal, Senior Reporter
Published: 21:46 October 10, 2012

Dubai: A group of small investors who put their life’s savings in the Lakeside residential apartments at the International Media Production Zone (IMPZ) are demanding a refund alleging that the developer Damac has inordinately delayed the project and committed other “contractual violations”.

Josau's picture

GO Wealthy

GO Wealthy

When going to the Go Wealthy webpage, a broker, who sold lots of flats in EC to investors, you get this page. It states: THIS PROPERTY HAS BEEN CANCELLED AS PER RERA WEBSITE. Very trustworthy company, they don't even know, that in AJMAN it is not REAR but ARRA. On the other hand, this is the first time I see anything looking halfway official, which states, the project was cancelled. Didn't Star Giga relocate their offices to EC?
Oh right, I've got this in July 2012:

Dear Sir or Madam:

IMPORTANT! Office relocated to construction site

Josau's picture

GCD 1

GCD 1

Here's a photo Imre took of GCD 1 on October 9th 2012.
There is no activity and there hasn't been one for ages. What Star Giga stated recently is apparently just one more fantasy story in the long list of their fantasy stories they have been telling us over the past 6 years.

Update on sweethomes legal action

Dear Friends,
I would like to update everyone on our look into legal action against sweethomes. Essentially there were a group of investors in London who had invested in emirates city with sweethomes and we were sick and tired of the situation as it currently stood. To cut a long story short our findings were not favourable – but perhaps it’s not all bad news.

Nads's picture

email from Shitehomes demanding payment

Dear xxx

Your account continues to remain in serious default.
We are sure that this is an oversight from your side and now need your attention to make an IMMEDIATE payment of the overdue total installment(s) amount ( 166,000.00 AED ) and penality charges ( 144,839.80 AED, )
in the Escrow account Provided below , Please give this matter your URGENT attention and send your payment at the earliest.

----------------------------------------------------------------------------------
LOL LOL LOL

my reply was as follows...

Josau's picture

Lavender Tower

Lavender Tower

I copied this from the internet, so we can see, how Lavender tower was advertised: It clearly stated Central A/C.

Josau's picture

Recent photos

I looked through the recent photos and I am in shock. I believe EC will at completion a substandard housing project: Let's compare to finished projects in Ajman City: Falcon Towers, Horizon Towers etc.
They look pretty good from the outside and seem to have a ll the amenities promised. The shock comes, when you see the flats from the inside and you discover, how dated and old fashioned everything is.

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