Re: [Dubai Property Investors] Re: Deyaar News today..
aaaaaa dddddd
----- Original Message -----
From: "Salman Khabireh"
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Deyaar News today..
Date: Thu, 5 Feb 2009 19:23:21 +0400
Really, this is what I call " A DEVELOPER" , they have actually DELIVERD many properties ranging from resonable to excellent quality and are now pioneers in a strategy that deals with the current crisis, the investors and shareholders in a correct way. I have unfortunately not bought with them ,but with a developers tat does'nt have that much properties ready, and not (yet) offering consolidation options to it's investors...Lucky investors of Deyaar, and other developers should take example of this...definately after the RERA ranking of developers Deyaar will come out as a winner...The developers are forgetting that the market is becoming more transparant hopfully, and they will be judged on their actions with the rankingsssss...
2009/2/5, ajva...@gmail.com <ajva...@gmail.com>:Sounds like a responsible developerSent from my BlackBerry® wireless device
From: "ajay.b"
Date: Thu, 5 Feb 2009 10:19:31 +0400
To: 'Behnoush Hamedi'<in...@idealhomesdubai.com>; 'Rakesh bohra'<rakes...@gmail.com>; <bacha...@gmail.com>; 'ajit vaswani'<ajva...@gmail.com>; 'Altaf Rashid - Claremont Real Estate'<a...@claremont.ae>; 'Yogesh'<alm...@emirates.net.ae>; <ab...@thepropertystore.com>; <aameer.ka...@ubl.com.pk>; 'Bimal Lulla'<bimal...@gmail.com>; 'CEO'<C...@arabland.ae>; 'Shiraz Osman'<crea...@emirates.net.ae>; <csi...@gmail.com>; 'Muna Dhanani'<mas...@emirates.net.ae>; <den...@habibinvestment.com>; 'ravi drolia'<ravid...@gmail.com>; 'SAMIR DESAI'<samir...@gmail.com>; <drsh...@live.com>; 'SR'<exp...@eim.ae>; 'elkady'<elk...@alshaali-co.com>; 'Kenny R. Paul'<emirates...@gmail.com>; <far...@smartrealestatedubai.com>; <gupta...@gmail.com>; 'Mohammed Hisham'<hish...@gmail.com>; <h...@swissarabia.co>; <hussein...@sapguae.ae>; <hit...@aspiredubai.com>; <i.n...@thepropertystore.com>; 'M. Katout'<kat...@pc-int.com>; <kokila...@gmail.com>; 'Tushar Lakhani'<tvla...@mailme.ae>; 'Monesh Manghnani'<rajeshm...@gmail.com>; 'varun marodia'<varunm...@gmail.com>; <mahdi....@arabland.ae>; <preyes...@barargroup.com>; 'Rafiya'<raf...@mtcdubai.ae>; <vho...@googlegroups.com>; <ze...@tktrealestate.com>; <san...@vdcgroup.com>; <anjub...@hotmail.com>; <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Deyaar News today..
Dear All,
Deyaar to offer more flexible payment plans under new strategy
By Rachna Uppal, Staff Reporter
Published: February 04, 2009, 23:15Dubai: Property developer Deyaar said it is putting on hold 25 per cent of its projects and will offer customers more flexible repayment plans as part of a consolidation effort on another 25 per cent of its properties.
The flexible repayment options concern those projects which are in various phases of construction.
The move comes amid the difficult global econ-omic environment, which is also having an impact on Dubai's real estate sector, where developers have been forced to delay or abandon projects.
Chief executive officer Markus Giebel said there is no "quick fix" for the troubles currently afflicting the sector, but re-focusing Deyaar's business strategy is an important first step in addressing the issue.
"These are extraordinary and difficult times for everybody," said Giebel.
"Given the current global environment, we feel it is important that Deyaar focuses its immediate attention on adjusting its project portfolio and aligning resources to accommodate changing market dynamics for the long-term growth and stability of the regional real estate sector," he added.
The announcement is part of Deyaar's 2009 Business Strategy, launched yesterday, in which its total project portfolio, worth Dh20 billion, will be divided into four equal categories.
Giebel said that six Deyaar projects will be delivered in 2009, of which nearly 80 per cent are already completed. These projects constitute a total of 2,500 units. No new projects are likely to be announced.
As part of Deyaar's consolidation effort, customers who have purchased units in similar projects "will be offered the option to transfer their ownership to projects that will be completed on a fast-track basis, with the rest of projects being phased out."
In addition, prices of select developments will be lowered in line with a decrease in construction costs.
A re-focus of Deyaar's development strategy for this year and beyond is not entirely unexpected.
"Developers have been doing this already, by adopting more end-user focused plans, helping to encourage buying activity and possibly to curtail the potential of defaults occurring on previously purchased property," says Sana Kapadia, vice-president- equity research at EFG-Hermes in Dubai. "Depending on the nature of new payment plans, if they are spread over a longer time frame, it could suggest that developers are likely to be more cash-constrained."
Other developers, such as Omniyat Holdings, are also considering more flexible repayment plans, and last November, Emaar properties announced a two-pronged scheme - "Plan to Own" and "Rent to Own" - offering more affordable options to buyers.
development strategy for 2009 On hold: 25 per cent of projects, which are unannounced, yet to be launched or unsold. In progress: Another 25 per cent that have been announced and are in various stages of construction. These will go ahead as planned. Delayed: 25 per cent of projects, which are either fully or partially complete, but are subject to handover delays due to lack of adequate infrastructure. Adjustments: The remaining projects are to undergo consolidation, with customers being offered transfer options and price adjustments. - R.U.
Rgds
Aj
From: ajay.b [mailto:aja...@snttadubai.com]
Sent: Wednesday, February 04, 2009 1:03 PM
To: 'Behnoush Hamedi'; 'Rakesh bohra'; 'bacha...@gmail.com'; 'ajit vaswani'; 'Altaf Rashid - Claremont Real Estate'; 'Yogesh'; 'ab...@thepropertystore.com'; 'aameer.ka...@ubl.com.pk'; 'Bimal Lulla'; 'CEO'; 'Shiraz Osman'; 'csi...@gmail.com'; 'Muna Dhanani'; 'den...@habibinvestment.com'; 'ravi drolia'; 'SAMIR DESAI'; 'drsh...@live.com'; 'SR'; 'elkady'; 'Kenny R. Paul'; 'far...@smartrealestatedubai.com'; 'gupta...@gmail.com'; 'Mohammed Hisham'; 'h...@swissarabia.co'; 'hussein...@sapguae.ae'; 'hit...@aspiredubai.com'; 'i.n...@thepropertystore.com'; 'M. Katout'; 'kokila...@gmail.com'; 'Tushar Lakhani'; 'Monesh Manghnani'; 'varun marodia'; 'mahdi....@arabland.ae'; 'preyes...@barargroup.com'; 'Rafiya'; 'vho...@googlegroups.com'; 'ze...@tktrealestate.com'; 'san...@vdcgroup.com';'anjub...@hotmail.com'; 'dubai-proper...@googlegroups.com'
Subject: RE: [Dubai Property Investors] List of Lawyers in Dubai
Importance: High
Hi Behnoush,
The meeting was truncated mid way.. Some positives ( hopefully the way some of us saw it at least) emerged which we will brain storm soon??
We urgently need more investors invested in deyaar park. Any body with exposure, please join hands for our good!! Google groups , please read this and assist yourselves in joining our forum..
Rgds
Ajay
From: Behnoush Hamedi [mailto:in...@idealhomesdubai.com]
Sent: Wednesday, February 04, 2009 12:51 PM
To: 'Rakesh bohra'; bacha...@gmail.com; 'ajay. b'; 'ajit vaswani'; 'Altaf Rashid - Claremont Real Estate'; 'Yogesh'; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; 'Bimal Lulla'; 'CEO'; 'Shiraz Osman'; csi...@gmail.com; 'Muna Dhanani'; den...@habibinvestment.com; 'ravi drolia'; 'SAMIR DESAI'; drsh...@live.com; 'SR'; 'elkady'; 'Kenny R. Paul'; far...@smartrealestatedubai.com; gupta...@gmail.com; 'Mohammed Hisham'; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; i.n...@thepropertystore.com; 'M. Katout'; kokila...@gmail.com; 'Tushar Lakhani'; 'Monesh Manghnani'; 'varun marodia'; mahdi....@arabland.ae; preyes...@barargroup.com; 'Rafiya'; vho...@googlegroups.com; ze...@tktrealestate.com
Subject: RE: [Dubai Property Investors] List of Lawyers in Dubai
Hi everyone,
Hope you all OK, well it seems still there was no good result after latest meeting with Markus? All these laws and regulation is about in papers and news but is it effective?
Regards
Behnoush
From: Rakesh bohra [mailto:rakes...@gmail.com]
Sent: 04 February 2009 01:11
To: bacha...@gmail.com; ajay. b; ajit vaswani; Altaf Rashid - Claremont Real Estate; Yogesh; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; Bimal Lulla; CEO; Shiraz Osman; csi...@gmail.com; Muna Dhanani; den...@habibinvestment.com; ravi drolia; SAMIR DESAI; drsh...@live.com; SR; elkady; Kenny R. Paul; far...@smartrealestatedubai.com; gupta...@gmail.com; Mohammed Hisham; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; idealhomes; i.n...@thepropertystore.com; M. Katout; kokila...@gmail.com; Tushar Lakhani; Monesh Manghnani; varun marodia; mahdi....@arabland.ae; preyes...@barargroup.com; Rafiya; vho...@googlegroups.com; ze...@tktrealestate.com
Subject: Fwd: [Dubai Property Investors] List of Lawyers in Dubai
---------- Forwarded message ----------
From: Rakesh bohra <rakes...@gmail.com>
Date: Wed, Feb 4, 2009 at 1:01 AM
Subject: Re: [Dubai Property Investors] List of Lawyers in Dubai
To: dubai-proper...@googlegroups.comDEAR ALL,
One of the lawyers have explained the RESERVATION FORM is only a LETTER OF INTENT and the agreement/contract is only the SALE PURCHASE AGREEMENT,
So if it is signed after AUGUST 31st than the law 13 is applicable as it is.The administrative circular has no meaning and has no standing in the court of law.
RERA is only a regulatory body,they cannot sign,amend or build any laws in this STATE of DUBAI,so kindly take the mind of the administrative circular.
Gear up,if you have any problem with any developer whose SPA is dated after the AUGUST 31st,if he has not started construction,than they are in default of DEVELOPERs ESCROW LAW.
Kindly do not worry,if you have signed one sheet of reservation,that sheet will not STAND in any COURT OF LAW as an SPA and the agreement is the actual booklet which the developers give us on purchase of property.
MOST Big developers and sincere ones give us that within immediate to 30 days,only the ones who have not completed their obligations with the MASTER DEVELOPER,do not get the permissions to issue these,that means the developer also does not have the approvals to sell the buildings from the MASTER DEVELOPER.
Kindly read all the SPA and you will know how many discrepancies these developers have left in these contract.
IN the EMIRATES SUNLAND SPA,i found 15-20 mistakes and mostly favouring developers.
Good night
On Wed, Feb 4, 2009 at 12:30 AM, Raimundas Vezys <raimund...@gmail.com> wrote:
http://www.dubaivision.info/menu/infoservice/kategorien/adressen/rechtsanwaelte/info.pdf
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