New Idea
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Beny
Oct 12, 2009, 8:02:18 AM10/12/09
to Dubai Property Investors
Dear Everyone,
For those people who have bought from smaller developers, instead of
going to the developer office and fight with them try to work with
them to go to Master developer and request some of your money back as
most of you know by now developers are in a mess as well and instead
of wasting your money to Lawyers and court cases try to speak to the
developers and come to some sort of arrangment and accept some losses
and get some of your money back.
No body got any money back by taking any developer to court, and we
all have to accept we made mistakes and we are paying the price by
losing some money but atleast get some money back by working with
developer.
Believe me that is the only solution.
For those people who have bought from smaller developers, instead of
going to the developer office and fight with them try to work with
them to go to Master developer and request some of your money back as
most of you know by now developers are in a mess as well and instead
of wasting your money to Lawyers and court cases try to speak to the
developers and come to some sort of arrangment and accept some losses
and get some of your money back.
No body got any money back by taking any developer to court, and we
all have to accept we made mistakes and we are paying the price by
losing some money but atleast get some money back by working with
developer.
Believe me that is the only solution.
Furqan
Oct 12, 2009, 10:49:44 AM10/12/09
to Dubai Property Investors
Dear Mr. Bany!
What do you mean by 'working with developers'? Most of the developers,
even the small ones who have just one on paper-project to their credit
are too arrogant to talk properly. And how the master developer is
going to help us out of this mess? Please a little more details.
Let's take example of our case: Developer AAGlobal who has his only,
first and most probably the last project in UAE: Arabian Tower in
Jumeirah Village South, which is yet to start its construction. But he
never responds to our communications positively, is not willing to
cancel the project and return our money after deducting a suitable and
mutually agreed % from it. This offer has been given to him many
times. We gave Rera two petitions, the second one with signatures of
about 70% buyers. But all in vain. Most of us have paid 20 to 30% and
none of us is going to pay any further installment, Come what may. But
he (the developer) is still saying to start the construction. Now the
court seems the only resort, if any.
Beny
Oct 12, 2009, 1:04:31 PM10/12/09
to Dubai Property Investors
Hi I know how you feel but believe me the court and lawyers are no
point for some cases,
it would be more good money towards a bad project. fighting with
developers who paid
for the plot and advertisement and other expenses does not help either
as most of these small developers
are offshore companies and if they do not have money to pay you there
is nothing here would force them to pay you.
Unfortunately some of these developers would start just digging on the
floor to be able to forfeit the 25%.
Just try and go speak to the developer in the way that you both and
developer wants to sort out this matter togther.
> > Believe me that is the only solution.- Hide quoted text -
>
> - Show quoted text -
point for some cases,
it would be more good money towards a bad project. fighting with
developers who paid
for the plot and advertisement and other expenses does not help either
as most of these small developers
are offshore companies and if they do not have money to pay you there
is nothing here would force them to pay you.
Unfortunately some of these developers would start just digging on the
floor to be able to forfeit the 25%.
Just try and go speak to the developer in the way that you both and
developer wants to sort out this matter togther.
>
> - Show quoted text -
dubaiinve...@gmail.com
Oct 12, 2009, 4:31:24 PM10/12/09
to Dub invest grop
No developer in dubai is going to give any cash back. If nakeel if is not giving cash back then what do you thing of the rest.
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zalikah
Oct 12, 2009, 4:47:07 PM10/12/09
to dubai-proper...@googlegroups.com
Even if you win a case against them ?
From: "dubaiinve...@gmail.com" <dubaiinve...@gmail.com>
To: Dub invest grop <dubai-proper...@googlegroups.com>
Sent: Mon, October 12, 2009 1:31:24 PM
Subject: [Dubai Property Investors] Re: New Idea
Beny
Oct 13, 2009, 1:01:16 AM10/13/09
to Dubai Property Investors
Developers like Nakheel you can not get any money back but for small
developers if
there is any money left in the escrow account and developer is a
decent company you
could some of the money back with each other help but all depends if
they did not used
the money to buy more plots.
Just go and see them and tell them you do not want to take them to
court but you are happy
to get some of your money back.
On Oct 13, 12:47 am, zalikah <zalikah...@yahoo.com> wrote:
> Even if you win a case against them ?
>
> ________________________________
> From: "dubaiinvestors2...@gmail.com" <dubaiinvestors2...@gmail.com>
developers if
there is any money left in the escrow account and developer is a
decent company you
could some of the money back with each other help but all depends if
they did not used
the money to buy more plots.
Just go and see them and tell them you do not want to take them to
court but you are happy
to get some of your money back.
On Oct 13, 12:47 am, zalikah <zalikah...@yahoo.com> wrote:
> Even if you win a case against them ?
>
> ________________________________
fa2...@gmail.com
Oct 13, 2009, 5:29:19 AM10/13/09
to dubai-proper...@googlegroups.com
Dear All,
As per my last visit to the land department on Thursday I have been informed that all petitions to cancel projects are on hold till the new committee whose job will be to handle this is formed. This may take a few months no clear time line has been given. Also after the committee has been formed we will have to re apply with our respective petitions again. On a positive note it has been confirmed to me via several sources that an act for investor protection is being formulated.
Regards,
Farah
As per my last visit to the land department on Thursday I have been informed that all petitions to cancel projects are on hold till the new committee whose job will be to handle this is formed. This may take a few months no clear time line has been given. Also after the committee has been formed we will have to re apply with our respective petitions again. On a positive note it has been confirmed to me via several sources that an act for investor protection is being formulated.
Regards,
Farah
Beny
Oct 13, 2009, 12:46:39 PM10/13/09
to Dubai Property Investors
I feel what is happening with RERA and Land department is just there
to keep the matters going until something would happen, means keeps
investors busy and in the end some would fed up and either move back
or just leave the matter and accept the facts of they lost their money
and some maybe continue going there to get some answer and that might
takes years.
So as I said before only solution is keep going to the developer if
they did not run away and come to some sort of solution either get
some of your money back or consolidate to other units if they have or
if they promised they will build just wait, any other
options???????????.
> > - Show quoted text -- Hide quoted text -
to keep the matters going until something would happen, means keeps
investors busy and in the end some would fed up and either move back
or just leave the matter and accept the facts of they lost their money
and some maybe continue going there to get some answer and that might
takes years.
So as I said before only solution is keep going to the developer if
they did not run away and come to some sort of solution either get
some of your money back or consolidate to other units if they have or
if they promised they will build just wait, any other
options???????????.
Ali P
Oct 13, 2009, 1:06:31 PM10/13/09
to Dubai Property Investors
I agree with your assessment there are stall tactics in play here and
obviously all of us want to resolve our problems amicably if we given
the opportunity. With the amount of time passing this opportunity for
an amicable resolution is quickly closing.
Some developers are just too protected and arrogant to offer
reasonable solutions. If they do talk, from my personal experience,
their thought process is very different probably due to the impunity
they feel they have.
Read this about Portsmouths chief executive's experience with Al Fahim
of Hydra:
'Storrie said: "When he did the takeover deal on August 29, I said,
'we're going to have great difficulty completing things and getting
players in by the transfer deadline'. He said, 'can't you get them to
extend the deadline?' That gives you a bit of an idea of what he's
like." '
The former West Ham director added: "He genuinely had, and still has,
a regard for the club and genuinely thought he could bring all these
things in. But he just thought he could keep putting things back and I
know it's hard to understand, but that was how he thought.
"It was very difficult at times to get over to him that when salaries
are due, they've got to be paid. Unfortunately for him, he wasn't used
to that type of basis."
http://www.skysports.com/story/0,19528,11661_5617485,00.html
obviously all of us want to resolve our problems amicably if we given
the opportunity. With the amount of time passing this opportunity for
an amicable resolution is quickly closing.
Some developers are just too protected and arrogant to offer
reasonable solutions. If they do talk, from my personal experience,
their thought process is very different probably due to the impunity
they feel they have.
Read this about Portsmouths chief executive's experience with Al Fahim
of Hydra:
'Storrie said: "When he did the takeover deal on August 29, I said,
'we're going to have great difficulty completing things and getting
players in by the transfer deadline'. He said, 'can't you get them to
extend the deadline?' That gives you a bit of an idea of what he's
like." '
The former West Ham director added: "He genuinely had, and still has,
a regard for the club and genuinely thought he could bring all these
things in. But he just thought he could keep putting things back and I
know it's hard to understand, but that was how he thought.
"It was very difficult at times to get over to him that when salaries
are due, they've got to be paid. Unfortunately for him, he wasn't used
to that type of basis."
http://www.skysports.com/story/0,19528,11661_5617485,00.html
Haidar Bagirov
Oct 12, 2009, 8:20:27 AM10/12/09
to INVESTORS Dubai Group
Dear Ben
I read your e-mail , it does make cense , but it is still theoretical
In realty ,if you negotiate with the developer , it does not mean any developer will give part of your money back .
the problem that everyone is facing is that there is no money being paid by the developers at all.
so still this all is going in a circle, you go to the court and you find no justice and then you go to the developer and they have no money.
so we have to go to Mongolia to ask for our rights.
Regards,
Haidar Bagirov
> Date: Mon, 12 Oct 2009 05:02:18 -0700
I read your e-mail , it does make cense , but it is still theoretical
In realty ,if you negotiate with the developer , it does not mean any developer will give part of your money back .
the problem that everyone is facing is that there is no money being paid by the developers at all.
so still this all is going in a circle, you go to the court and you find no justice and then you go to the developer and they have no money.
so we have to go to Mongolia to ask for our rights.
Regards,
Haidar Bagirov
> Date: Mon, 12 Oct 2009 05:02:18 -0700
> Subject: [Dubai Property Investors] New Idea
Beny
Oct 14, 2009, 2:26:33 AM10/14/09
to Dubai Property Investors
Hi,
I know a developer who launched a project and sold over 70 million
dirham and then credit crunch happened, what they did was to call
those people who bought the units and discussed the matter and in the
end both sides accepted the loss and agreed to portion of their money
back and then developer allowed the money out of escrow account and
gave back some of the investors money. Of course the project was only
20% sold not 100%, I am sure when a project is 100% sold and there is
a large number of people that makes is much more difficult.
For smaller developers in Jumeira Village and Dubai land I think they
have been forced to pay the full amount for the plots and now with
money for the plots and advertisements and staff salary and all other
expenses they have no money left in escrow account.
I think the biggest problem was people with very small amount of
capital became a developer and they 100% relied on people money, so
with all those expenses they have no money left to give to the poeple
and keep going to lawyers and Land department does not help anyone.
So before going to any lawyer do your homework first to find out who
exactly is the developer, if is part of those category I mentioned
above just forget it and do not pay any more good money to any greedy
lawyers who when they see you first they see you as money not a hurt
human being.
Good luck
On Oct 12, 4:20 pm, Haidar Bagirov <haidar_bagi...@hotmail.com> wrote:
> Dear Ben
>
> I read your e-mail , it does make cense , but it is still theoretical
>
> In realty ,if you negotiate with the developer , it does not mean any developer will give part of your money back .
>
> the problem that everyone is facing is that there is no money being paid by the developers at all.
>
> so still this all is going in a circle, you go to the court and you find no justice and then you go to the developer and they have no money.
>
> so we have to go to Mongolia to ask for our rights.
>
> Regards,
>
> Haidar Bagirov
>
>
>
>
>
> > Date: Mon, 12 Oct 2009 05:02:18 -0700
> > Subject: [Dubai Property Investors] New Idea
> > From: i...@bkpgeneraltrading.com
> Windows Live: Make it easier for your friends to see what you’re up to on Facebook.http://www.microsoft.com/middleeast/windows/windowslive/see-it-in-act...- Hide quoted text -
I know a developer who launched a project and sold over 70 million
dirham and then credit crunch happened, what they did was to call
those people who bought the units and discussed the matter and in the
end both sides accepted the loss and agreed to portion of their money
back and then developer allowed the money out of escrow account and
gave back some of the investors money. Of course the project was only
20% sold not 100%, I am sure when a project is 100% sold and there is
a large number of people that makes is much more difficult.
For smaller developers in Jumeira Village and Dubai land I think they
have been forced to pay the full amount for the plots and now with
money for the plots and advertisements and staff salary and all other
expenses they have no money left in escrow account.
I think the biggest problem was people with very small amount of
capital became a developer and they 100% relied on people money, so
with all those expenses they have no money left to give to the poeple
and keep going to lawyers and Land department does not help anyone.
So before going to any lawyer do your homework first to find out who
exactly is the developer, if is part of those category I mentioned
above just forget it and do not pay any more good money to any greedy
lawyers who when they see you first they see you as money not a hurt
human being.
Good luck
On Oct 12, 4:20 pm, Haidar Bagirov <haidar_bagi...@hotmail.com> wrote:
> Dear Ben
>
> I read your e-mail , it does make cense , but it is still theoretical
>
> In realty ,if you negotiate with the developer , it does not mean any developer will give part of your money back .
>
> the problem that everyone is facing is that there is no money being paid by the developers at all.
>
> so still this all is going in a circle, you go to the court and you find no justice and then you go to the developer and they have no money.
>
> so we have to go to Mongolia to ask for our rights.
>
> Regards,
>
> Haidar Bagirov
>
>
>
>
>
> > Date: Mon, 12 Oct 2009 05:02:18 -0700
> > Subject: [Dubai Property Investors] New Idea
> > To: dubai-proper...@googlegroups.com
>
> > Dear Everyone,
> > For those people who have bought from smaller developers, instead of
> > going to the developer office and fight with them try to work with
> > them to go to Master developer and request some of your money back as
> > most of you know by now developers are in a mess as well and instead
> > of wasting your money to Lawyers and court cases try to speak to the
> > developers and come to some sort of arrangment and accept some losses
> > and get some of your money back.
> > No body got any money back by taking any developer to court, and we
> > all have to accept we made mistakes and we are paying the price by
> > losing some money but atleast get some money back by working with
> > developer.
>
> > Believe me that is the only solution.
>
> _________________________________________________________________
>
> > Dear Everyone,
> > For those people who have bought from smaller developers, instead of
> > going to the developer office and fight with them try to work with
> > them to go to Master developer and request some of your money back as
> > most of you know by now developers are in a mess as well and instead
> > of wasting your money to Lawyers and court cases try to speak to the
> > developers and come to some sort of arrangment and accept some losses
> > and get some of your money back.
> > No body got any money back by taking any developer to court, and we
> > all have to accept we made mistakes and we are paying the price by
> > losing some money but atleast get some money back by working with
> > developer.
>
> > Believe me that is the only solution.
>
> Windows Live: Make it easier for your friends to see what you’re up to on Facebook.http://www.microsoft.com/middleeast/windows/windowslive/see-it-in-act...- Hide quoted text -
zalikah
Oct 14, 2009, 2:58:50 AM10/14/09
to dubai-proper...@googlegroups.com
Sent: Tue, October 13, 2009 11:26:33 PM
Subject: [Dubai Property Investors] Re: New Idea
Ali P
Oct 16, 2009, 9:49:29 AM10/16/09
to Dubai Property Investors
A developer's explanation of Infinite Rate of Returns:
'The most important thing you need is a brand. And people have to
trust in you. Simple as that,' wrote Al Fahim in his book Brand
Builder. He was describing the secret of selling houses and office
blocks off plan to investors, who were seduced by Al Fahim's media
profile and the company's endorsement by Sheik Tahnoon al-Nahyan, son
of the country's former ruler.
This cocktail of fame and royal credibility allowed Al Fahim to pursue
a strategy he called his 'infinite rate of return', whereby money is
taken from investors and used as the marketing budget for other
property developments. He exploited a land rush from foreign
speculators who were happy to buy on the basis of computer-generated
mock-ups, in the hope of then 'flipping', selling just before they
come to market.
'There was a feelgood factor which Al Fahim was very much part of,'
said Stephen Rumney, an Englishman who went to Abu Dhabi to compete in
Al Fahim's Apprentice-style reality show, Hydra Executives. By selling
in this way, he says, Al Fahim 'unleashed a monster'.
Behind the scenes, however, things began unravelling. 'They were not
keeping track of the paperwork,' said Jeff Hoskins, who worked for
Hydra. 'There were boxes of contracts sitting around which hadn't been
processed.
'Meanwhile, they were creating more and more big property projects -
they had around 25 or 30 on the go or on the drawing board, most of
which did not have construction dates confirmed.'
This inefficiency was compounded by the fall in property prices
following the economic crisis in 2008, leaving investors angered at
the lack of progress of the developments they had bought into.
'He's not a business genius, he was just here at the right time and
had the right backing,' said a journalist working in Abu Dhabi.
Read more: http://www.dailymail.co.uk/sport/football/article-1217575/Portsmouth-owner-Al-Fahim-Is-seems.html#ixzz0U6etHCND
On Oct 14, 9:58 am, zalikah <zalikah...@yahoo.com> wrote:
> Beny
> Who is this honest developer ? Name please
>
> ________________________________
> From: Beny <i...@bkpgeneraltrading.com>
> > Windows Live: Make it easier for your friends to see what you’re up to on Facebook.http://www.microsoft.com/middleeast/windows/windowslive/see-it-in-act...Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
'The most important thing you need is a brand. And people have to
trust in you. Simple as that,' wrote Al Fahim in his book Brand
Builder. He was describing the secret of selling houses and office
blocks off plan to investors, who were seduced by Al Fahim's media
profile and the company's endorsement by Sheik Tahnoon al-Nahyan, son
of the country's former ruler.
This cocktail of fame and royal credibility allowed Al Fahim to pursue
a strategy he called his 'infinite rate of return', whereby money is
taken from investors and used as the marketing budget for other
property developments. He exploited a land rush from foreign
speculators who were happy to buy on the basis of computer-generated
mock-ups, in the hope of then 'flipping', selling just before they
come to market.
'There was a feelgood factor which Al Fahim was very much part of,'
said Stephen Rumney, an Englishman who went to Abu Dhabi to compete in
Al Fahim's Apprentice-style reality show, Hydra Executives. By selling
in this way, he says, Al Fahim 'unleashed a monster'.
Behind the scenes, however, things began unravelling. 'They were not
keeping track of the paperwork,' said Jeff Hoskins, who worked for
Hydra. 'There were boxes of contracts sitting around which hadn't been
processed.
'Meanwhile, they were creating more and more big property projects -
they had around 25 or 30 on the go or on the drawing board, most of
which did not have construction dates confirmed.'
This inefficiency was compounded by the fall in property prices
following the economic crisis in 2008, leaving investors angered at
the lack of progress of the developments they had bought into.
'He's not a business genius, he was just here at the right time and
had the right backing,' said a journalist working in Abu Dhabi.
Read more: http://www.dailymail.co.uk/sport/football/article-1217575/Portsmouth-owner-Al-Fahim-Is-seems.html#ixzz0U6etHCND
On Oct 14, 9:58 am, zalikah <zalikah...@yahoo.com> wrote:
> Beny
> Who is this honest developer ? Name please
>
> ________________________________
>
> > - Show quoted text -- Hide quoted text -
dubaiinve...@gmail.com
Oct 16, 2009, 10:00:03 AM10/16/09
to Dub invest grop
Damas in property deals <http://www.google.com/url?sa=X&q=http://www.thenational.ae/apps/pbcs.dll/article%3FAID%3D/20091014/BUSINESS/710149916/1005&ct=ga&cd=8aYLks-A6G0&usg=AFQjCNGUTsHSpfZrTH6Yh8MDSPuMvtsxuA>
National
Tawhid Abdullah, the former chief executive of the Middle East's biggest jeweller, quit Damas after US$165 million (Dh606m) in unauthorised property ...
See all stories on this topic <http://news.google.com/news/story?ncl=http://www.thenational.ae/apps/pbcs.dll/article%3FAID%3D/20091014/BUSINESS/710149916/1005&hl=en>
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-----Original Message-----
Ali P
Oct 17, 2009, 8:53:05 AM10/17/09
to Dubai Property Investors
Note the contradictions of the amount of money made and ownership of
land by Al Fahim of Hydra. The first are Al Fahim's statements, the
second are statements from the person who is in charge of the trust
that sold the club to Al Fahim:
This is an interview by Asharq Al-Awsat:
'Q) We know that you bought Portsmouth FC for 60 million pounds
sterling. What other details of the deal can you tell us about?
A) I sold 90 percent of the club’s shares for a total of 70 million
pounds sterling and I have retained 10 percent of the shares. I will
remain head of the club’s board of directors for two seasons.
Moreover, I kept 100 percent of the club’s real estate assets and this
is something nobody has paid attention to or spoken about. I am
announcing this for the first time that [the real estate assets] are
owned by the Al Fahim Group. Without doubt the real estate aspect is
important in sports investment. Praise be to God, I was able to
transfer all the club’s debts to the new owner and I gained excellent
revenue. '
Link: http://aawsat.com/english/news.asp?section=3&id=18494
This is from the UK Gaurdian:
'The club went, instead, to Fahim, who paid £1 for it, but he put £5m
in, apparently to deal with the most immediate financial demands. In
order to ensure that a takeover could happen, Cooper explained that
Gaydamak's trust directly took on the debt owed to Standard Bank,
which was then down to around £25m. The club owes that money in turn
to Gaydamak's trust, plus other amounts, making a total of £33.5m. He
had already written off his £13.5m loans, demonstrating that funding a
Premier League club to overachieve is a very expensive venture. Fahim,
according to Cooper, had the option to buy from Gaydamak 51% of the
land around Fratton Park for £1 once Fahim had refinanced an initial
£12m. The £33.5m the club owes Gaydamak is due for repayment in stages
by 2012, at which point he would sell the remaining land, for around
£4.5m.
...
Fahim passed to Faraj, again for £1, the prize he had craved, a
Premier League club, after less than 50 days in charge. Faraj bought
90% of the club, Fahim retaining a 10% stake and the position as
chairman, although that may be uncertain with Faraj understood to be
unhappy with comments Fahim made to a Saudi newspaper. Faraj paid
£1.8m wages immediately, and took on the obligations to repay
Gaydamak, HMRC, agents and other clubs whom Portsmouth owe, around
£50m in total. "If we hadn't come in then and paid the wages," Jacob
said, "the club would have gone into administration." '
On Oct 16, 5:00 pm, dubaiinvestors2...@gmail.com wrote:
> Damas in property deals <http://www.google.com/url?sa=X&q=http://www.thenational.ae/apps/p...>
> Read more:http://www.dailymail.co.uk/sport/football/article-1217575/Portsmouth-...
> > > Windows Live: Make it easier for your friends to see what you’re up to on Facebook.http://www.microsoft.com/middleeast/windows/windowslive/see-it-in-act...quoted text -
land by Al Fahim of Hydra. The first are Al Fahim's statements, the
second are statements from the person who is in charge of the trust
that sold the club to Al Fahim:
This is an interview by Asharq Al-Awsat:
'Q) We know that you bought Portsmouth FC for 60 million pounds
sterling. What other details of the deal can you tell us about?
A) I sold 90 percent of the club’s shares for a total of 70 million
pounds sterling and I have retained 10 percent of the shares. I will
remain head of the club’s board of directors for two seasons.
Moreover, I kept 100 percent of the club’s real estate assets and this
is something nobody has paid attention to or spoken about. I am
announcing this for the first time that [the real estate assets] are
owned by the Al Fahim Group. Without doubt the real estate aspect is
important in sports investment. Praise be to God, I was able to
transfer all the club’s debts to the new owner and I gained excellent
revenue. '
Link: http://aawsat.com/english/news.asp?section=3&id=18494
This is from the UK Gaurdian:
'The club went, instead, to Fahim, who paid £1 for it, but he put £5m
in, apparently to deal with the most immediate financial demands. In
order to ensure that a takeover could happen, Cooper explained that
Gaydamak's trust directly took on the debt owed to Standard Bank,
which was then down to around £25m. The club owes that money in turn
to Gaydamak's trust, plus other amounts, making a total of £33.5m. He
had already written off his £13.5m loans, demonstrating that funding a
Premier League club to overachieve is a very expensive venture. Fahim,
according to Cooper, had the option to buy from Gaydamak 51% of the
land around Fratton Park for £1 once Fahim had refinanced an initial
£12m. The £33.5m the club owes Gaydamak is due for repayment in stages
by 2012, at which point he would sell the remaining land, for around
£4.5m.
...
Fahim passed to Faraj, again for £1, the prize he had craved, a
Premier League club, after less than 50 days in charge. Faraj bought
90% of the club, Fahim retaining a 10% stake and the position as
chairman, although that may be uncertain with Faraj understood to be
unhappy with comments Fahim made to a Saudi newspaper. Faraj paid
£1.8m wages immediately, and took on the obligations to repay
Gaydamak, HMRC, agents and other clubs whom Portsmouth owe, around
£50m in total. "If we hadn't come in then and paid the wages," Jacob
said, "the club would have gone into administration." '
On Oct 16, 5:00 pm, dubaiinvestors2...@gmail.com wrote:
> Damas in property deals <http://www.google.com/url?sa=X&q=http://www.thenational.ae/apps/p...>
> National
> Tawhid Abdullah, the former chief executive of the Middle East's biggest jeweller, quit Damas after US$165 million (Dh606m) in unauthorised property ...
>
> See all stories on this topic <http://news.google.com/news/story?ncl=http://www.thenational.ae/apps/...>
> Tawhid Abdullah, the former chief executive of the Middle East's biggest jeweller, quit Damas after US$165 million (Dh606m) in unauthorised property ...
>
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