Al Rashed Real Estate Ajman

[adeel akhtar]

Hi,
I have my money stuck in 2 floors in Ajman humaid city By Al Rashed
RE. As per my latest information by Ajman Land department , Al Rashed
is ilegal developer at the moment as their company is not registered
and they dont have ascrow account and ddnt even submit proper
documents . And as per rumour he has either fled from the country or
in jail. If any one has any insight or any recomendations please feel
free to share .
Reg
adeel

[Guillaume Hess]

I will try to get some info on that.

I am meeting with lawyers working in Ajman this afternoon

2009/4/22 adeel akhtar <adeela...@gmail.com>

[Jehanzeb Khan]

Hi Adeel,
As per my conv with Samer (0504523759) who is the manager at Al Rashed R.E the original owners have sold the firm to Ali Moosa & Sons and they are in the process of streamlining the major operations. They have also applied fro the escrow account. Apparently they have launched 29 projects. This is all info that I got.
 
Regards
Jehanzeb Ibrahim 

 
> Date: Wed, 22 Apr 2009 00:48:26 -0700
> Subject: [Dubai Property Investors] Al Rashed Real Estate Ajman
> From: adeela...@gmail.com
> To: dubai-proper...@googlegroups.com

[adeel]

HI, Jehanzeb
I had 3 meetings with This guy called samir.And the conclusion was he
is full of shit. He has answer to all the questions e.g Why was the
lizard passing by Humaid city not emirates city ? and the answer was *
because humaid city is a project for end users so all the lizards
wants to pass by humaid city*.
Wat ever he told us and wat ever Ajman land deparmtent told us was
totally different. Mr Jahanzeb what ever he told you he told us aswell
but according to land department they are ilegal company and did not
submit papers for escrow account and the ones they did are not proper
and they failed to submit proper ones.
Any way if you think of any way you can get any money out of them let
me know aswell.

Regads

On Apr 22, 5:16 pm, Jehanzeb Khan <jayze...@hotmail.com> wrote:
> Hi Adeel,
>
> As per my conv with Samer (0504523759) who is the manager at Al Rashed R.E the original owners have sold the firm to Ali Moosa & Sons and they are in the process of streamlining the major operations. They have also applied fro the escrow account. Apparently they have launched 29 projects. This is all info that I got.
>
> Regards
>
> Jehanzeb Ibrahim
>
>
>
> > Date: Wed, 22 Apr 2009 00:48:26 -0700
> > Subject: [Dubai Property Investors] Al Rashed Real Estate Ajman

> > From: adeelakhta...@gmail.com

> > To: dubai-proper...@googlegroups.com
>
> > Hi,
> > I have my money stuck in 2 floors in Ajman humaid city By Al Rashed
> > RE. As per my latest information by Ajman Land department , Al Rashed
> > is ilegal developer at the moment as their company is not registered
> > and they dont have ascrow account and ddnt even submit proper
> > documents . And as per rumour he has either fled from the country or
> > in jail. If any one has any insight or any recomendations please feel
> > free to share .
> > Reg
> > adeel
>

> _________________________________________________________________
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[adeel]

Hi,

I hope you are doing good. we exchanged our views on Al Rashed real
Estate Ajman. I just want to ask if you got some info on the matter
which could get our money back .

Thanks.

On Apr 22, 12:03 pm, Guillaume Hess <guillaumeah...@gmail.com> wrote:
> I will try to get some info on that.
>
> I am meeting with lawyers working in Ajman this afternoon
>

> 2009/4/22 adeel akhtar <adeelakhta...@gmail.com>

[arora.k...@gmail.com]

Dear All

As we all may know that May 1st was the deadline set out by ARRA for
all Developers to register and regularise themselves in accordance
with Law No. 8 of 2008 and additional requirements, if any.

As per the updates received from the concerned authorities, Al Rashed
has failed to comply with.

Please be further informed that we represent some multiple floor
owners in their disputes against Al Rashed Real Estate pertaining to
Humaid City Projects. Hence, we have been in regular touch with all
those concerned with the aforesaid Project including but not limited
to Al Rashed (Old Management), Al Rashed (New Management or
Representatives of M/S Ali Moosa namely Mr. Ali and Mr. Sameer), ARRA
& etc. We are in a position to appraise all with the following
assessment:

Irrespective of the status i.e. whether the Original Promoters or the
Current Promoters (rumor has it that M/S Ali Moosa too has wiped its
hands off Humaid City Project) may not be willing to issue refunds and
for adopting such an approach the Promoters alone are not to be blamed
i.e. ACI too has played a significant role and so have independent sub-
agents who may have received FOCs in lieu of luring investors. As all
the monies paid by the investors may not have even reached the
accounts of Al Rashed.

We are of the opinion (something that we have been following and are
determined to carry on): that the said issue could solely resolved by
making legal representations at ARRA, serving the concerned Developer
with Legal Notice / s and if ARRA agrees to second the investors’
motion i.e. it extends its helping hand, which it may do subsequent to
such representations. Then based on the evidence provided or grounds
confirmed by ARRA and along with that already in our possession file a
case in the Ajman Court.

Kindly try and appreciate that similar to Dubai Real Estate
Developer's, Ajman Developer's too shall only pay heed to the
decisions of the Court. Until and unless the concerned Corporate
Entity turns out to have a Human Conscience/Approach enabling it to
arrive at a mutually agreeable conclusion and prevent further expenses
and delays. Its time to be swift in your thinking and have noticeable
patience before enacting!

[adeel akhtar]

HI,

 

I recently got email from ARRA saying

 

*

There are not register and they don’t have escrow account my advice to you is to go to the court.

 

Nouf Al Kaabi

Tel: +971 6 744 4144

Fax: +971 6 744 4145

P.O. Box: 2333, Ajman - U.A.E.

email: nou...@arra.ae

 

From: aDeeL cHaUdRy [mailto:adee...@hotmail.com]
Sent: Monday, May 11, 2009 11:41 AM
To: Nouf AL Kaabi
Subject: Al rashed real estate Ajman

 

Hi,
My name is adeel I have submmitted a case againt Al Rashed RE
Project Humaid city( blossoms tower), Cassia tower 9th floor.
I have no news from Arra in terms of progress and if my money is safe.Kindly let me know how soon can we get our money  back .
Thanks

--
Adeel Chaudry
M - +971 50 5031211
M - (Pak) - +92 333 4244789
ad...@calthorpe.ae
adee...@hotmail.com
P.O.Box: 95061, Dubai. UAE
Tel : +971 4 3418544
Fax : +971 4 3418599