Re: Reliance Newsletter 21st June , 2009
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dianet...@aol.com
Jun 24, 2009, 5:48:53 AM6/24/09
to expo...@hotmail.com, ra...@terrahomeplus.com, sal...@mimagrp.com, yunus...@hotmail.com, NigelP...@aol.com, nas...@mimagrp.com, myaz...@hotmail.com, Rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com
Hello all.
I am Nigel's friend in the Uk and I have just had a conversation with him
about the latest Reliance email.
We think it would be a good idea if all of us send a letter individually
(but probably with the same content) to Marwan,explaining our concerns about
Reliance's ability to build and also what their real intentions are and that we
do not wish to continue with them and,consequently we would like RERA to cancel
the projects and ensure we get a refund.
It seems very clear that Reliance will not be able to afford to build all
17 projects.If they do not have the money to refund I wonder if a consolidation
could work,where let's say they reduce the number of projects and investors'
money is put together to allow shared ownership of units and no further
payments.It is still questionable whether Reliance have enough money to
do any projects.
Any thoughts would be welcome,but I think we need a joint response to the
latest email and the more of us together the better.
Regards,
Adam.
Asif Kamil
Jun 24, 2009, 5:22:58 AM6/24/09
to ra...@terrahomeplus.com, sal...@mimagrp.com, yunus...@hotmail.com, Nigel Night, nas...@mimagrp.com, myaz...@hotmail.com, rezaa...@aol.com, dianet...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com
I feel by offering credit notes they are just fulfilling RERA's requirements otherwise everyone knows the Value of credit notes these days worth nothing & specially Reliance one must be Zero!!!!!
If you noticed in their letter you have 2 options one is to sign as acceptance for continuing our payments OR we have to disagree !!! on both occasions we have to sign and return . This is very confusing.
- Now suppose if we DON'T sign then I assume they will issue credit note making grounds based on signature for not agreeing to continue with payment plan/project this credit note will be Zero with present market situation.
- In case we sign then they can take all the signed documents to RERA just to show them that they have so many people who willing to continue with the project ... so project can not be cancelled.
WIN WIN position on both cases.
However would appreciate your input so we can proceed in either direction.
From: ra...@terrahomeplus.com
To: expo...@hotmail.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Wed, 24 Jun 2009 10:50:19 +0400
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If you noticed in their letter you have 2 options one is to sign as acceptance for continuing our payments OR we have to disagree !!! on both occasions we have to sign and return . This is very confusing.
- Now suppose if we DON'T sign then I assume they will issue credit note making grounds based on signature for not agreeing to continue with payment plan/project this credit note will be Zero with present market situation.
- In case we sign then they can take all the signed documents to RERA just to show them that they have so many people who willing to continue with the project ... so project can not be cancelled.
WIN WIN position on both cases.
However would appreciate your input so we can proceed in either direction.
From: ra...@terrahomeplus.com
To: expo...@hotmail.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Wed, 24 Jun 2009 10:50:19 +0400
In my opinion, sending email to Marwan is one front, but only sending text out might not work as it may be lost in several thousands other similar emails.
I think we should go to RERA personally and discuss with them.
Moreover, I don’t understand if the Reliance is so sure about bringing the project up, then why are they offering credit notes? This discloses their intentions.
We can make this a point to the RERA that even RERA does wants Reliance to build the project but Reliance is not thinking straight this way.
Regards,
Abdul Rauf Jangda
Tel: +971-4-262-5775,
Fax: +971-4-262,7557,
Cell: +971-50-378-1633,
Email: ra...@terrahomeplus.com
Alt Email: ar...@yahoo.com
From: Asif Kamil
[mailto:expo...@hotmail.com]
Sent: Tuesday, June 23, 2009 1:48
PM
To: sal...@mimagrp.com;
yunus...@hotmail.com
Cc: Nigel Night;
nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com;
dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com;
almubar...@gmail.com; ra...@terrahomeplus.com; has...@hotmail.co.uk;
sheni...@gmail.com
Subject: RE: Reliance Newsletter
21st June , 2009
Any comments on the latest
newsletter issued by Reliance and also I noticed in last Para
that they are offering Credit notes also? Whats the catch this time?
From: sal...@mimagrp.com
To: yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com;
rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk;
rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com;
ra...@terrahomeplus.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Mon, 1 Jun 2009 09:56:06 +0500
Sallams Dear Yunus Bhai,
Thanks for your e mail. I feel your assumptions about RERA are correct and agree we should also in our individual capacity send representations to RERA.
Regards.
Saleem
From: YUNUS BOBAT
[mailto:yunus...@hotmail.com]
Sent: Saturday, May 30, 2009 11:18
PM
To: sal...@mimagrp.com
Cc: nigelp...@aol.com; YUNUS
BOBAT; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com;
dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com;
almubar...@gmail.com; expo...@hotmail.com; rauf; HASSAN; shenil saya
Subject: RE: Reliance Newsletter
23rd of May, 2009
Salaams Saleem bhai,
Surely with all the emails Nigel has sent to Marwan and the attempts he
has had to book an appointment for the Reliance investors which have
failed, what chance have we got to see Marwan or one of his team
members.
It looks as though RERA does not want to cancel developers projects as it would
give a negative image of Dubai.
I think we should all send an email to Marwan individually as if more
investors are hammering at him, the more chances of him to listen to the
concerns of individuals.
Regards
Yunus
From: sal...@mimagrp.com
To: NigelP...@aol.com; yunus...@hotmail.com; nas...@mimagrp.com;
myaz...@hotmail.com; Rezaa...@aol.com; dianet...@aol.com;
ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com;
expo...@hotmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Sat, 30 May 2009 13:45:09 +0500
Dear all,
Although I am also suspicious about the continuation of development work of all Reliance projects and the best would be that RERA cancel these projects, and we get refund of amounts paid by us. But since Reliance is going to start enabling work, it would be extremely difficult to convince RERA to cancel.
I wonder if NIGEL or any other friend could take appointment on collective basis from MARWAN, to inform him of our apprehensions, in view of money not transferred to escrow accounts.
Regards.
Saleem
From:
NigelP...@aol.com [mailto:NigelP...@aol.com]
Sent: Friday, May 29, 2009 1:22 PM
To: yunus...@hotmail.com;
nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com;
dianet...@aol.com; sal...@mimagrp.com; ren...@haniwells.co.uk;
rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com
Subject: Fwd: Reliance Newsletter
23rd of May, 2009
Dear All,
Received this response from Marwan, which I still need to reply to, my initial reaction is putting a hold on the trust accounts now is no different to closing the gate to the field after the horse has bolted.
Regards
Nigel
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tajmahalr...@gmail.com
Jun 24, 2009, 1:35:24 PM6/24/09
to Du
Partners, Investing in Legends.
Last 3rd of June 2009, we had a meeting on the Land Department.
Finally on this time we made a letter by arabic language to the Land Department and attached with our 33 signatures.
Up to seven days we didn’t receive any answer from Tamniyat. But then I asked the Land Department to schedule a meeting with the Tamniyat to answer our request.
And yesterday 17th of June 2009 I met:
Ms. KHAWLA MADANI (from the legal office of the Land Department)
Mr. SALAH (representative from Tamniyat)
This man didn’t show me any card or identification but Ms. Khawla assure me that Mr. Salah is new from Tamniyat.
On the meeting I received 9 pages as an answer to our letter (attached).
This letter from Tamniyat has no signature and stamp. But Ms. Khawla assure me that this letter is officially legal and she is the witness.
On the meeting I asked questions:
1. Why Tamniyat up to this time not finish the building and villas?
Tamniyat said the answer is on the letter.
2. Why Tamniyat has no land registration?
Mr. Salah from Tamniyat has no answer but Ms. Khawla said that its on the process and the Land Department gave all the developers more time for the registration.
3. Why Tamniyat didn’t transfer all money of project from the company account to screw account?
Mr. Salah didn’t answer but Ms. Khawla said the auditor is working and the money will be transfer.
4. Why Tamniyat has no unit registration?
Mr. Salah didn’t answer but Ms. Khawla said you can register our unit by ourselves for the amount 370Dh and Tamniyat should give us the NOC.
5. Why on our contract there is no address of Tamniyat only P.O. Box number of Sharja Association Advocates Company?
Mr. Salah didn’t answer but Ms. Khawla said it is not a problem if the advocates company will make licenses for the real state company.
6. Where is the address of Tamniyat now?
Mr. Salah and Ms. Khawla cannot answer.
Decision on the meeting:
Tamniyat will give us a chance for the unit registration (for our money) in the Land Departmen.
And we need not to worry tabout the project, because everything is under the control of the Land Department.
My personal decision:
Our group 6 people already filed criminal case to Tanmiyat. And soon we will open civil case to Tanmiyat.
From: Asif Kamil
Date: Wed, 24 Jun 2009 15:22:58 +0600
To: <ra...@terrahomeplus.com>; sal...@mimagrp.com<sal...@mimagrp.com>; <yunus...@hotmail.com>
Subject: [Dubai Property Investors] RE: Reliance Newsletter 21st June , 2009
Last 3rd of June 2009, we had a meeting on the Land Department.
Finally on this time we made a letter by arabic language to the Land Department and attached with our 33 signatures.
Up to seven days we didn’t receive any answer from Tamniyat. But then I asked the Land Department to schedule a meeting with the Tamniyat to answer our request.
And yesterday 17th of June 2009 I met:
Ms. KHAWLA MADANI (from the legal office of the Land Department)
Mr. SALAH (representative from Tamniyat)
This man didn’t show me any card or identification but Ms. Khawla assure me that Mr. Salah is new from Tamniyat.
On the meeting I received 9 pages as an answer to our letter (attached).
This letter from Tamniyat has no signature and stamp. But Ms. Khawla assure me that this letter is officially legal and she is the witness.
On the meeting I asked questions:
1. Why Tamniyat up to this time not finish the building and villas?
Tamniyat said the answer is on the letter.
2. Why Tamniyat has no land registration?
Mr. Salah from Tamniyat has no answer but Ms. Khawla said that its on the process and the Land Department gave all the developers more time for the registration.
3. Why Tamniyat didn’t transfer all money of project from the company account to screw account?
Mr. Salah didn’t answer but Ms. Khawla said the auditor is working and the money will be transfer.
4. Why Tamniyat has no unit registration?
Mr. Salah didn’t answer but Ms. Khawla said you can register our unit by ourselves for the amount 370Dh and Tamniyat should give us the NOC.
5. Why on our contract there is no address of Tamniyat only P.O. Box number of Sharja Association Advocates Company?
Mr. Salah didn’t answer but Ms. Khawla said it is not a problem if the advocates company will make licenses for the real state company.
6. Where is the address of Tamniyat now?
Mr. Salah and Ms. Khawla cannot answer.
Decision on the meeting:
Tamniyat will give us a chance for the unit registration (for our money) in the Land Departmen.
And we need not to worry tabout the project, because everything is under the control of the Land Department.
My personal decision:
Our group 6 people already filed criminal case to Tanmiyat. And soon we will open civil case to Tanmiyat.
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From: Asif Kamil
Date: Wed, 24 Jun 2009 15:22:58 +0600
To: <ra...@terrahomeplus.com>; sal...@mimagrp.com<sal...@mimagrp.com>; <yunus...@hotmail.com>
Subject: [Dubai Property Investors] RE: Reliance Newsletter 21st June , 2009
tajmahalr...@gmail.com
Jun 24, 2009, 5:28:05 PM6/24/09
to Du
Read this
Ajman Property Project Investors Stage Protest <http://www.khaleejtimes.com/DisplayArticle08.asp?xfile=/data/theuae/2009/June/theuae_June543.xml§ion=theuae>
Khaleej Times - Dubai,United Arab Emirates
DUBAI — A group of investors staged a protest outside a real estate firm to demand an answer to where their money has gone. Fourteen investors from UK, ...
<http://news.google.com/news/story?ncl=http://www.khaleejtimes.com/DisplayArticle08.asp%3Fxfile%3D/data/theuae/2009/June/theuae_June543.xml%26section%3Dtheuae&hl=en> See all stories on this topic
<http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm>
Eye of Dubai (press release) <http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm>
Visiting US Scholar at <http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm> Dubai School of Government Awarded Public ...
Eye of Dubai (press release) - Dubai,United Arab Emirates
This is also in tune with the vision of Dubai's leadership that has set the development of human capital as one of the key focus areas for the country's ...
<http://news.google.com/news/story?ncl=http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm&hl=en> See all stories on this topic
<http://www.kippreport.com/2009/06/fraud-in-dubai/>
Kipp Report <http://www.kippreport.com/2009/06/fraud-in-dubai/>
Fraud in <http://www.kippreport.com/2009/06/fraud-in-dubai/> Dubai
Kipp Report - Dubai,United Arab Emirates
Dubai has seen several cases of fraud in the recent past; a number of senior executives from major property developers such as Nakheel, Deyaar, Sama Dubai ...
<http://news.google.com/news/story?ncl=http://www.kippreport.com/2009/06/fraud-in-dubai/&hl=en> See all stories on this topic
"Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope... and crossing each other from a million different centers of energy and daring those ripples build a current that can sweep down the mightiest walls of oppression and resistance."
Robert F. Kennedy
Ajman Property Project Investors Stage Protest <http://www.khaleejtimes.com/DisplayArticle08.asp?xfile=/data/theuae/2009/June/theuae_June543.xml§ion=theuae>
Khaleej Times - Dubai,United Arab Emirates
DUBAI — A group of investors staged a protest outside a real estate firm to demand an answer to where their money has gone. Fourteen investors from UK, ...
<http://news.google.com/news/story?ncl=http://www.khaleejtimes.com/DisplayArticle08.asp%3Fxfile%3D/data/theuae/2009/June/theuae_June543.xml%26section%3Dtheuae&hl=en> See all stories on this topic
<http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm>
Eye of Dubai (press release) <http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm>
Visiting US Scholar at <http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm> Dubai School of Government Awarded Public ...
Eye of Dubai (press release) - Dubai,United Arab Emirates
This is also in tune with the vision of Dubai's leadership that has set the development of human capital as one of the key focus areas for the country's ...
<http://news.google.com/news/story?ncl=http://www.eyeofdubai.com/v1/news/newsdetail-32342.htm&hl=en> See all stories on this topic
<http://www.kippreport.com/2009/06/fraud-in-dubai/>
Kipp Report <http://www.kippreport.com/2009/06/fraud-in-dubai/>
Fraud in <http://www.kippreport.com/2009/06/fraud-in-dubai/> Dubai
Kipp Report - Dubai,United Arab Emirates
Dubai has seen several cases of fraud in the recent past; a number of senior executives from major property developers such as Nakheel, Deyaar, Sama Dubai ...
<http://news.google.com/news/story?ncl=http://www.kippreport.com/2009/06/fraud-in-dubai/&hl=en> See all stories on this topic
"Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope... and crossing each other from a million different centers of energy and daring those ripples build a current that can sweep down the mightiest walls of oppression and resistance."
Robert F. Kennedy
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From: tajmahalr...@gmail.com
Date: Wed, 24 Jun 2009 17:35:24 +0000
To: Du<dubai-proper...@googlegroups.com>
Subject: Re: [Dubai Property Investors] Newsletter 21
Subject: [Dubai Property Investors] RE: Reliance Newsletter 21st June , 2009
Asif Kamil
Jun 24, 2009, 11:27:53 AM6/24/09
to dianet...@aol.com, ra...@terrahomeplus.com, sal...@mimagrp.com, yunus...@hotmail.com, Nigel Night, nas...@mimagrp.com, myaz...@hotmail.com, rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com
Hi all,
I fully agree with the Adam's suggestion but the question is who will take the lead & organize the group since most people live outside UAE.
Further I also feel we have to act fast before anything new will happen. Comments are welcome!
Rgds
Asif
From: dianet...@aol.com
Date: Wed, 24 Jun 2009 05:48:53 -0400
Subject: Re: Reliance Newsletter 21st June , 2009
To: expo...@hotmail.com; ra...@terrahomeplus.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: NigelP...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.com
I fully agree with the Adam's suggestion but the question is who will take the lead & organize the group since most people live outside UAE.
Further I also feel we have to act fast before anything new will happen. Comments are welcome!
Rgds
Asif
From: dianet...@aol.com
Date: Wed, 24 Jun 2009 05:48:53 -0400
Subject: Re: Reliance Newsletter 21st June , 2009
To: expo...@hotmail.com; ra...@terrahomeplus.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: NigelP...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.com
See all the ways you can stay connected to friends and family
Deyaar_Park_Investor
Jun 24, 2009, 3:19:58 PM6/24/09
to Dubai Property Investors
Dear Taj,
I like the way you put the situation forward, it seems you already
know the right questions to ask, they are 100% valid points.
Now there are a few problems... Apart from the Tanmiyat guy being a
total Idiot.. ( Please quote me) for not having the correct answers to
your valid questions,,,
What Worries me is the way Khawla al Madani replied to those
questions, being a regulator , you have to be fair, and Honest
Replying in those words that you have mentioned IS VERY ALARMING, it
is obvious to me that she is trying to HELP THEM, NOT YOU.
if a person broke a law ( not registered ) , no matter what the reason
is, breaking a law is breaking a law,,,, you have to do your level
best to PUNISH THEM
not bloody give them excuses and help to get out it....
Criminal case is a good move........ PLUS i suggest you also GO FOR
CIVIL Case Full swing,,,, ASAP, and File all of the cases
INDEPENDANTLY for maximum efficiency,,,
and I wish you all the best of luck :)
in my deyaar case issues, 2 Deyaar Lawyers have already BAILED on
deyaar ( i.e. half way through the proceeding have told the judge they
do not wish to represent deyaar anymore )
which shows that, no matter how big your company is,,, if you break a
law,,, eventually your gonna burn your fingers...
cheerz
Mr. Deyaar Park Investor
I like the way you put the situation forward, it seems you already
know the right questions to ask, they are 100% valid points.
Now there are a few problems... Apart from the Tanmiyat guy being a
total Idiot.. ( Please quote me) for not having the correct answers to
your valid questions,,,
What Worries me is the way Khawla al Madani replied to those
questions, being a regulator , you have to be fair, and Honest
Replying in those words that you have mentioned IS VERY ALARMING, it
is obvious to me that she is trying to HELP THEM, NOT YOU.
if a person broke a law ( not registered ) , no matter what the reason
is, breaking a law is breaking a law,,,, you have to do your level
best to PUNISH THEM
not bloody give them excuses and help to get out it....
Criminal case is a good move........ PLUS i suggest you also GO FOR
CIVIL Case Full swing,,,, ASAP, and File all of the cases
INDEPENDANTLY for maximum efficiency,,,
and I wish you all the best of luck :)
in my deyaar case issues, 2 Deyaar Lawyers have already BAILED on
deyaar ( i.e. half way through the proceeding have told the judge they
do not wish to represent deyaar anymore )
which shows that, no matter how big your company is,,, if you break a
law,,, eventually your gonna burn your fingers...
cheerz
Mr. Deyaar Park Investor
dubaiinve...@gmail.com
Jun 27, 2009, 5:46:59 PM6/27/09
to Du
Metro stations lift property prices <http://www.thenational.ae/article/20090628/NATIONAL/706279816/1187/enewsletter>
Buildings handy for the new Dubai rail system are already beginning to command higher prices while residents fear increased rents.
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From: Deyaar_Park_Investor <fera...@yahoo.com>
Date: Wed, 24 Jun 2009 12:19:58
To: Dubai Property Investors<dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Re: Newsletter 21
Asif Kamil
Jun 27, 2009, 4:05:58 AM6/27/09
to sal...@mimagrp.com, dianet...@aol.com, ra...@terrahomeplus.com, yunus...@hotmail.com, Nigel Night, nas...@mimagrp.com, myaz...@hotmail.com, rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com, frog...@hotmail.com
Please note Nigel has already moved out from Dubai and now living in Australia . Farah is a new chairperson. I agree with your suggestions and fully agree that RERA is advising Reliance . This new move by Reliance is very calculated and some one is defiantly behind their move.
This all being done to corner the Investors. We must jointly plan our strategy without loosing further time.
Regards
Asif
From: sal...@mimagrp.com
To: dianet...@aol.com; expo...@hotmail.com; ra...@terrahomeplus.com; yunus...@hotmail.com
CC: NigelP...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.com; frog...@hotmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Sat, 27 Jun 2009 11:28:43 +0500
This all being done to corner the Investors. We must jointly plan our strategy without loosing further time.
Regards
Asif
From: sal...@mimagrp.com
To: dianet...@aol.com; expo...@hotmail.com; ra...@terrahomeplus.com; yunus...@hotmail.com
CC: NigelP...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.com; frog...@hotmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Sat, 27 Jun 2009 11:28:43 +0500
Dear all,
Like Nigel, I have also been to RERA office and submitted petition couple of weeks ago but unfortunately did not even received even an acknowledgement.
The officers concerned to whom I talked in RERA office were fully aware of Reliance projects status, at that time Reliance had not started sending news letters. They asked us to go back to Reliance and if satisfactory reply is not received we should then contact RERA again.
My feeling is Reliance have adopted the present very clever strategy, perhaps with the advice of RERA to give intimation to all investors about start up of projects so that investors could not press for cancellation of projects. They may even award enabling work to contractors and some ground work is done. In this case RERA will not cancel the projects and Reliance can buy time and keep our money. It is not in the interest of Dubai to cancel the projects and RERA will delay all such matters. I know of other cases where after the enabling work completed, the projects are stopped but these are not going to be canceled because RERA will not cancel.
We should jointly meet Reliance to discuss the issue, check Escrow accounts with balances etc, follow the status of enabling work and confront Reliance if the work is not as per schedule and also jointly meet Marwan in RERA to inform him about our apprehensions.
Only after such meetings one can consider the next steps.
In the end I propose the name of NIGEL, who has been following this matter vigorously, to lead the group and take other friends along who are in DUBAI.
I may be able to come to DUBAI, on 2 days notice from 13TH July on wards.
From: dianet...@aol.com
[mailto:dianet...@aol.com]
Sent: Wednesday, June 24, 2009
2:49 PM
To: expo...@hotmail.com;
ra...@terrahomeplus.com; sal...@mimagrp.com; yunus...@hotmail.com
Cc: NigelP...@aol.com;
nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com;
ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com;
has...@hotmail.co.uk; sheni...@gmail.com;
dubai-proper...@googlegroups.com
Subject: Re: Reliance Newsletter
21st June , 2009
Hello all.
__________ Information from ESET NOD32 Antivirus, version of virus signature
database 4183 (20090624) __________
The message was checked by ESET NOD32 Antivirus.
http://www.eset.com
Fuadsmile
Jun 30, 2009, 2:09:34 AM6/30/09
to dubai-proper...@googlegroups.com
Hello All,
We should all bear in mind that it is in the interest of the regulating body to ensure that developers 'build' something and not leave Dubai a 'skeleton' kind of city.
Law no. 9 has triggered this move. As a matter of fact, a visit to RERA's legal department will provide you with sufficient evidence of how many developers are flocking there to register the units in the individual owners' names and providing them with a copy of the notice of default to the investor. This is normal from a developer's point of view as in order to get themselves of the hook, they are following the law as per the rule book. Their 'goal' is to legally terminate the contract.
However, one should not get unduly alarmed.
For many projects just recently registered, RERA still has to conduct a field visit. What investors of any particular project should do is get together immediately and organize a third party expert field construction progress report. RERA's filed visits will take time and will give the developer more time to put his house in order.
There does not seem to be much to expect by knocking at RERA's door. A case should be filed on the basis of how much constructions has taken place. Law no. 9, artcile 11's clause no. 3 should be properly studied and adhered to if any light has to be seen in the court's judgement few years from now .... At the most investors will get 70 percent of the money paid ( which I doubt ) as developers will cite Force Majeure causes ( RTA, DEWA, etc ) and there is no time frame specified.
In such cases, the investors's lawyer will have to establish whether the developer was in possession of the land at the time of sale. This can be a motive of anticipatory breach.
Having said the above, one has to keep two things in mind - two recent laws have come up :
1] Law No. 13 - Article 4 - the law states that August 2008 onwards, a project can be sold off plan only after taking possession of the land and necessary approvals have been taken. This means that before the issuance of such law, the above was not necessary. Thus the doors are closed for the investor.
2] Law no 13 is not retroactive - only Law 9 with regard to the amendment of Article 11 is retroactive.
A little bit of thinking will lead all the investors to infer of where we are heading...... !
The only hope is:
- To get together and form at least 70 percent of the project's ownership so as to file a petition and get the project to be cancelled by calling it unviable ( Clause 5 of Article 11 law No. 9 ).
- Get a good lawyer and try and file a petition in court rendering Rule No. 9 as illegal. I doubt this can ever be done
I am not involved in Reliance, but have been part of many similar issues which business associates find themselves in.
Good luck !
Thanks and regards / Fuadsmile
dubaiinve...@gmail.com
Jun 30, 2009, 4:41:48 AM6/30/09
to Du
The scam played by Dubai developers beats Madoff they sold us drawings and did not build
and are free to roam
Around. Were is the law
Disgraced Madoff jailed for 150 years <http://click.icptrack.com/icp/relay.php?r=20174348&msgid=132629&act=MN2L&c=441356&admin=0&destination=http%3A%2F%2Fwww.business24-7.ae%2FArticles%2F2009%2F6%2FPages%2FMadoffjailedfor150years.aspx>
Verdict sealed the fate of former Wall Street financier, who initiated a $65-billion scam.
From: Fuadsmile
Date: Tue, 30 Jun 2009 10:09:34 +0400
To: <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
and are free to roam
Around. Were is the law
Disgraced Madoff jailed for 150 years <http://click.icptrack.com/icp/relay.php?r=20174348&msgid=132629&act=MN2L&c=441356&admin=0&destination=http%3A%2F%2Fwww.business24-7.ae%2FArticles%2F2009%2F6%2FPages%2FMadoffjailedfor150years.aspx>
Verdict sealed the fate of former Wall Street financier, who initiated a $65-billion scam.
Empower your Business with BlackBerry® and Mobile Solutions from Etisalat
From: Fuadsmile
Date: Tue, 30 Jun 2009 10:09:34 +0400
To: <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
zalikah
Jun 30, 2009, 5:46:27 AM6/30/09
to dubai-proper...@googlegroups.com
Dear Fuad
This sounds really bad for I was under the belief that law 13 is retroactive
also even if the developer register now isn't he still in breach of the law of 60 days .
It seems with Law #9 the developer is sealed and free to take all the money and there is no loophole to attack from .The remaining developers are not better than the ones who fled! not only they took all the money and done nothing but are allowed by law to take more!
Regards
From: Fuadsmile <fuad...@gmail.com>
To: dubai-proper...@googlegroups.com
Sent: Tuesday, June 30, 2009 9:09:34 AM
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
Fuadsmile
Jun 30, 2009, 6:20:26 AM6/30/09
to dubai-proper...@googlegroups.com
Hi,
Have stated my opinion on the basis of the promulgated laws. There are a number of circulars, which will not stand in the court as they are just circulars / guidelines.
Will appreciate if you could advise me more about the 60 days breach.
Thanks and regards / Fuadsmile
Asif Kamil
Jun 30, 2009, 4:38:45 AM6/30/09
to dubai-proper...@googlegroups.com
Thanks for your detailed analysis I am sure this will benefit lot of concerned /effected people.
Date: Tue, 30 Jun 2009 10:09:34 +0400
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
From: fuad...@gmail.com
To: dubai-proper...@googlegroups.com
From: fuad...@gmail.com
To: dubai-proper...@googlegroups.com
check out the rest of the Windows Live™. More than mail–Windows Live™ goes way beyond your inbox. More than messages
nigelp...@aol.com
Jul 11, 2009, 2:17:01 PM7/11/09
to dubai-proper...@googlegroups.com
Hi Reliance investors
Marwan told me he had asked all developers to write to their clients to find out if they wished to continue with their investors, this letter from Reliance seems to be following that request, but at the same time they are deliberately trying to confuse us into thinking this option is the worst possible thing we should consider.
Marwan also told me Reliance had the full construction finance in place to build our units this is obviously not the case, they cannot proceed without further substantial payments from us.
I feel we should all separately write to Marwan expressing our concern about Reliance’s ability to deliver our units. Reliance are a company who have collected our money out of escrow and RERA have allowed it to happen, I say this because I have written to RERA and the Land Department notifying them about what is happening and they have done nothing to ensure our monies are transferred into the project escrow accounts. Our money has been sadly squandered by the directors of Reliance buying more and more sites, which equals money in the governments pockets.
If we write to Marwan now then when Reliance finally go bankrupt, we can use our emails to prove we made RERA aware of our plight and they did nothing as the regulator to protect our interests.
All investors need to document everything that is happening in Dubai, the authorities are blaming the global downturn in the property market, but in many cases this is not the case. Investors like myself placed their money in Dubai under the impression the market was being regulated and there were laws in place to protect us from developers squandering it. In reality this just simply isn’t the case and now the only thing the government are hoping for is that new investors will come and replace us with new money and in a couple of years time we will just be forgotten about or referred to as those greedy speculators you were bad for Dubai and deserved to lose their money.
-----Original Message-----
From: Asif Kamil <expo...@hotmail.com>
To: ra...@terrahomeplus.com; sal...@mimagrp.com <sal...@mimagrp.com>; yunus...@hotmail.com
Cell: +971-...,
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ifthi...@gmail.com
Jul 11, 2009, 2:37:09 PM7/11/09
to dubai-proper...@googlegroups.com
Send by courier or registered email as emails not recognised as legal doc.
From: nigelp...@aol.com
Date: Sat, 11 Jul 2009 14:17:01
To: <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
Hi Reliance investors
Marwan told me he had asked all developers to write to their clients to find out if they wished to continue with their investors, this letter from Reliance seems to be following that request, but at the same time they are deliberately trying to confuse us into thinking this option is the worst possible thing we should consider.
Marwan also told me Reliance had the full construction finance in place to build our units this is obviously not the case, they cannot proceed without further substantial payments from us.
I feel we should all separately write to Marwan expressing our concern about Reliance’s ability to deliver our units. Reliance are a company who have collected our money out of escrow and RERA have allowed it to happen, I say this because I have written to RERA and the Land Department notifying them about what is happening and they have done nothing to ensure our monies are transferred into the project escrow accounts. Our money has been sadly squandered by the directors of Reliance buying more and more sites, which equals money in the governments pockets.
If we write to Marwan now then when Reliance finally go bankrupt, we can use our emails to prove we made RERA aware of our plight and they did nothing as the regulator to protect our interests.
All investors need to document everything that is happening in Dubai, the authorities are blaming the global downturn in the property market, but in many cases this is not the case. Investors like myse
lf placed their money in Dubai under the impression the market was being regulated and there were laws in place to protect us from developers squandering it. In reality this just simply isn’t the case and now the only thing the government are hoping for is that new investors will come and replace us with new money and in a couple of years time we will just be forgotten about or referred to as those greedy speculators you were bad for Dubai and deserved to lose their money.
-----Original Message-----
From: Asif Kamil <expo...@hotmail.com>
To: ra...@terrahomeplus.com; sal...@mimagrp.com <sal...@mimagrp.com>; yunus...@hotmail.com
CC: Nigel Night <nigelp...@aol.com>; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.co <dubai-proper...@googlegroups.com>
Sent: Wed, 24 Jun 2009 10:22
Subject: [Dubai Property Investors] RE: Reliance Newsletter 21st June , 2009
I feel by offering credit notes they are just fulfilling RERA's requirements otherwise everyone knows the Value of credit notes these days worth nothing & specially Reliance one must be Zero!!!!!
If you noticed in their letter you have 2 options one is to sign as acceptance for continuing our payments OR we have to disagree !!! on both occasions we have to sign and return . This is very confusing.
- Now suppose if we DON'T sign then I assume they will issue credit note making grounds=2
0based on signature for not agreeing to continue with payment plan/project this credit note will be Zero with present market situation.
- In case we sign then they can take all the signed documents to RERA just to show them that they have so many people who willing to continue with the project ... so project can not be cancelled.
WIN WIN position on both cases.
However would appreciate your input so we can proceed in either direction.
com
Alt Email: ar...@yahoo.com
From: Asif Kamil [mailto:expo...@hotmail.com]
Sent: Tuesday, June 23, 2009 1:48 PM
To: sal...@mimagrp.com; yunus...@hotmail.com
Cc: Nigel Night; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; ra...@terrahomeplus.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Any comments on the latest newsletter issued by Reliance and also I noticed in last Para that they are offering Credit notes also? Whats the catch this time?
0not transferred to escrow accounts.
Regards.
Saleem
From: NigelP...@aol.com [mailto:NigelP...@aol.com]
Sent: Friday, May 29, 2009 1:22 PM
To: yunus...@hotmail.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; dianet...@aol.com; sal...@mimagrp.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com
Subject: Fwd: Reliance Newsletter 23rd of May, 2009
Dear All,
Received this response from Marwan, which I still need to reply to, my initial reaction is putting a hold on the trust accounts now is no different to closing the gate to the field after the horse has bolted.
Regards
Nigel
__________ Information from ESET NOD32 Antivirus, version of virus signature database 4114 (20090528)__________
The message was checked by ESET NOD32 Antivirus.
http://www.eset.com
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-----Original Message-----
From: nigelp...@aol.com
Date: Sat, 11 Jul 2009 14:17:01
To: <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
Hi Reliance investors
Marwan told me he had asked all developers to write to their clients to find out if they wished to continue with their investors, this letter from Reliance seems to be following that request, but at the same time they are deliberately trying to confuse us into thinking this option is the worst possible thing we should consider.
Marwan also told me Reliance had the full construction finance in place to build our units this is obviously not the case, they cannot proceed without further substantial payments from us.
I feel we should all separately write to Marwan expressing our concern about Reliance’s ability to deliver our units. Reliance are a company who have collected our money out of escrow and RERA have allowed it to happen, I say this because I have written to RERA and the Land Department notifying them about what is happening and they have done nothing to ensure our monies are transferred into the project escrow accounts. Our money has been sadly squandered by the directors of Reliance buying more and more sites, which equals money in the governments pockets.
If we write to Marwan now then when Reliance finally go bankrupt, we can use our emails to prove we made RERA aware of our plight and they did nothing as the regulator to protect our interests.
All investors need to document everything that is happening in Dubai, the authorities are blaming the global downturn in the property market, but in many cases this is not the case. Investors like myse
lf placed their money in Dubai under the impression the market was being regulated and there were laws in place to protect us from developers squandering it. In reality this just simply isn’t the case and now the only thing the government are hoping for is that new investors will come and replace us with new money and in a couple of years time we will just be forgotten about or referred to as those greedy speculators you were bad for Dubai and deserved to lose their money.
-----Original Message-----
From: Asif Kamil <expo...@hotmail.com>
To: ra...@terrahomeplus.com; sal...@mimagrp.com <sal...@mimagrp.com>; yunus...@hotmail.com
CC: Nigel Night <nigelp...@aol.com>; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com; dubai-proper...@googlegroups.co <dubai-proper...@googlegroups.com>
Sent: Wed, 24 Jun 2009 10:22
Subject: [Dubai Property Investors] RE: Reliance Newsletter 21st June , 2009
I feel by offering credit notes they are just fulfilling RERA's requirements otherwise everyone knows the Value of credit notes these days worth nothing & specially Reliance one must be Zero!!!!!
If you noticed in their letter you have 2 options one is to sign as acceptance for continuing our payments OR we have to disagree !!! on both occasions we have to sign and return . This is very confusing.
0based on signature for not agreeing to continue with payment plan/project this credit note will be Zero with present market situation.
- In case we sign then they can take all the signed documents to RERA just to show them that they have so many people who willing to continue with the project ... so project can not be cancelled.
WIN WIN position on both cases.
However would appreciate your input so we can proceed in either direction.
From: ra...@terrahomeplus.com
To: expo...@hotmail.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Wed, 24 Jun 2009 10:50:19 +0400
In my opinion, sending email to Marwan is one front, but only sending text out might not work as it may be lost in several thousands other similar emails.
I think we should go to RERA personally and discuss with them.
Moreover, I don’t understand if the Reliance is so sure about bringing the project up, then why are they offering credit notes? This discloses their intentions.
We can make this a point to the RERA that even RERA does wants Reliance to build the project but Reliance is not thinking straight this way.
Regards,
Abdul Rauf Jangda
Email: rauf@terrahomeplus.
To: expo...@hotmail.com; sal...@mimagrp.com; yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Date: Wed, 24 Jun 2009 10:50:19 +0400
In my opinion, sending email to Marwan is one front, but only sending text out might not work as it may be lost in several thousands other similar emails.
I think we should go to RERA personally and discuss with them.
Moreover, I don’t understand if the Reliance is so sure about bringing the project up, then why are they offering credit notes? This discloses their intentions.
We can make this a point to the RERA that even RERA does wants Reliance to build the project but Reliance is not thinking straight this way.
Regards,
Abdul Rauf Jangda
com
Alt Email: ar...@yahoo.com
From: Asif Kamil [mailto:expo...@hotmail.com]
Sent: Tuesday, June 23, 2009 1:48 PM
To: sal...@mimagrp.com; yunus...@hotmail.com
Cc: Nigel Night; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; ra...@terrahomeplus.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
Any comments on the latest newsletter issued by Reliance and also I noticed in last Para that they are offering Credit notes also? Whats the catch this time?
From: sal...@mimagrp.com
To: yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com; ra...@terrahomeplus.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Mon, 1 Jun 2009 09:56:06 +0500
Sallams Dear Yunus Bhai,
Thanks for your e mail. I feel your assumptions about RERA are correct and agree we should also in our individual capacity send representations to RERA.
Regards.
Saleem
To: yunus...@hotmail.com
CC: nigelp...@aol.com; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com; ra...@terrahomeplus.com; has...@hotmail.co.uk; sheni...@gmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Mon, 1 Jun 2009 09:56:06 +0500
Sallams Dear Yunus Bhai,
Thanks for your e mail. I feel your assumptions about RERA are correct and agree we should also in our individual capacity send representations to RERA.
Regards.
Saleem
From: YUNUS BOBAT [mailto:yunus...@hotmail.com]
Sent: Saturday, May 30, 2009 11:18 PM
To: sal...@mimagrp.com
Cc: nigelp...@aol.com; YUNUS BOBAT; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com; rauf; HA
SSAN; shenil saya
Subject: RE: Reliance Newsletter 23rd of May, 2009
Salaams Saleem bhai,
Surely with all the emails Nigel has sent to Marwan and the attempts he has had to book an appointment for the Reliance investors which have failed, what chance have we got to see Marwan or one of his team members.
It looks as though RERA does not want to cancel developers projects as it would give a negative image of Dubai.
I think we should all send an email to Marwan individually as if more investors are hammering at him, the more chances of him to listen to the concerns of individuals.
Regards
Yunus
Sent: Saturday, May 30, 2009 11:18 PM
To: sal...@mimagrp.com
Cc: nigelp...@aol.com; YUNUS BOBAT; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com; rauf; HA
SSAN; shenil saya
Subject: RE: Reliance Newsletter 23rd of May, 2009
Salaams Saleem bhai,
Surely with all the emails Nigel has sent to Marwan and the attempts he has had to book an appointment for the Reliance investors which have failed, what chance have we got to see Marwan or one of his team members.
It looks as though RERA does not want to cancel developers projects as it would give a negative image of Dubai.
I think we should all send an email to Marwan individually as if more investors are hammering at him, the more chances of him to listen to the concerns of individuals.
Regards
Yunus
From: sal...@mimagrp.com
To: NigelP...@aol.com; yunus...@hotmail.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Sat, 30 May 2009 13:45:09 +0500
Dear all,
Although I am also suspicious about the continuation of development work of all Reliance projects and the best would be that RERA cancel these projects, and we get refund of amounts paid by us. But since Reliance is going to start enabling work, it would be extremely difficult to convince RERA to cancel.
I wonder if NIGEL or any other friend could take appointment on collective basis from MARWAN, to inform him of our apprehensions, in view of money=2
To: NigelP...@aol.com; yunus...@hotmail.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; dianet...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com
Subject: RE: Reliance Newsletter 23rd of May, 2009
Date: Sat, 30 May 2009 13:45:09 +0500
Dear all,
Although I am also suspicious about the continuation of development work of all Reliance projects and the best would be that RERA cancel these projects, and we get refund of amounts paid by us. But since Reliance is going to start enabling work, it would be extremely difficult to convince RERA to cancel.
0not transferred to escrow accounts.
Regards.
Saleem
From: NigelP...@aol.com [mailto:NigelP...@aol.com]
Sent: Friday, May 29, 2009 1:22 PM
To: yunus...@hotmail.com; nas...@mimagrp.com; myaz...@hotmail.com; Rezaa...@aol.com; dianet...@aol.com; sal...@mimagrp.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; expo...@hotmail.com
Subject: Fwd: Reliance Newsletter 23rd of May, 2009
Dear All,
Received this response from Marwan, which I still need to reply to, my initial reaction is putting a hold on the trust accounts now is no different to closing the gate to the field after the horse has bolted.
Regards
Nigel
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Asif Kamil
Jul 12, 2009, 4:21:08 AM7/12/09
to dubai-proper...@googlegroups.com
Hi Nigel,
Based on your email I would request you to kindly make a draft letter for not accepting Reliance policy. This way lot of investors can sign and sent it either thru emails or by registered post to Mr. Marwan as suggested by you.
We all need your support and advice.
Thanks
Regards
Asif
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
Date: Sat, 11 Jul 2009 14:17:01 -0400
From: nigelp...@aol.com
Based on your email I would request you to kindly make a draft letter for not accepting Reliance policy. This way lot of investors can sign and sent it either thru emails or by registered post to Mr. Marwan as suggested by you.
We all need your support and advice.
Thanks
Regards
Asif
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Reliance Newsletter 21st June , 2009
Date: Sat, 11 Jul 2009 14:17:01 -0400
From: nigelp...@aol.com
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Mawj M
Jul 20, 2009, 4:30:43 PM7/20/09
to dubai-proper...@googlegroups.com
Yes ,this is the rigth dicission,made by Ajman. why Dubai is not doing the same?
BREAKING NEWS | Vivendi pulls out of talks to buy Zain Africa
EUR | GBP 
1.161 , USD | EUR 
0.704 , USD | GBP 0.606
1.161 , USD | EUR 0.704 , USD | GBP 0.606 
206 tower Ajman project scaled back to 20
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The UAE property sector slump has forced the developers of the largest residential project in Ajman to reduce its size drastically, UAE daily the National reported on Monday.
The Marmooka City development, which was to have Ajman’s tallest building, along Emirates Road has been scaled back from 206 towers to just 20, a senior official at master developer Real Estate Investment Establishment (REIE) told the newspaper.
“We have cancelled 170 contracts,” said the official, who was not named in the report.
“As for the remaining plots, some of them had not been sold and were vacant, and the others belong to developers who are either in prison or have left the country. Maybe we will take them to the court, or we might register a case. We will see.”
Developers in Ajman, which followed the lead of neighbouring Dubai in announcing large-scale property developments during the real estate boom, have been forced to abandon or delay their projects as buyers have deserted the market due to a credit squeeze.
Many buyers in the UAE had borrowed from banks to invest in properties hoping to sell them on quickly as prices soared ever higher.
“From the dozen developments that have been launched over the past two years along the highway, Marmooka City is the first development launched along the busy Emirates Road highway, which connects Dubai with neighbouring emirate Sharjah, to be scaled back, the National said.
The Marmooka City development, which was to have Ajman’s tallest building, along Emirates Road has been scaled back from 206 towers to just 20, a senior official at master developer Real Estate Investment Establishment (REIE) told the newspaper.
“We have cancelled 170 contracts,” said the official, who was not named in the report.
“As for the remaining plots, some of them had not been sold and were vacant, and the others belong to developers who are either in prison or have left the country. Maybe we will take them to the court, or we might register a case. We will see.”
Developers in Ajman, which followed the lead of neighbouring Dubai in announcing large-scale property developments during the real estate boom, have been forced to abandon or delay their projects as buyers have deserted the market due to a credit squeeze.
Many buyers in the UAE had borrowed from banks to invest in properties hoping to sell them on quickly as prices soared ever higher.
“From the dozen developments that have been launched over the past two years along the highway, Marmooka City is the first development launched along the busy Emirates Road highway, which connects Dubai with neighbouring emirate Sharjah, to be scaled back, the National said.
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Asif Kamil
Oct 6, 2011, 11:50:06 PM10/6/11
to sal...@mimagrp.com, dianet...@aol.com, ra...@terrahomeplus.com, yunus...@hotmail.com, Nigel Night, nas...@mimagrp.com, myaz...@hotmail.com, rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com, frog...@hotmail.com
Hi,
You guys have any update on Reliance ???Its been a while we haven't shared any news or at least I am out of the loop.
Would appreciate any input.
Regards
Kamil
NigelP...@aol.com
Oct 7, 2011, 3:14:43 AM10/7/11
to sal...@mimagrp.com, expo...@hotmail.com, dianet...@aol.com, ra...@terrahomeplus.com, yunus...@hotmail.com, nas...@mimagrp.com, myaz...@hotmail.com, rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com, frog...@hotmail.com, Mar...@dubailand.gov.ae
Hi All,
I have not heard anything for a while either, the only value we may have
from this mess is the land.
When I went to Reliance's offices a few years back I was shown a payment
receipt from Nakheel that Reliance 17 land was fully paid. Not
sure if Reliance paid Nakheel in full for all the plots in JVS,
but providing Nakheel don't claim the land back for free because Reliance
never started construction, then there is an asset that one day will have a
value and if sold any money from the sale should be split between the
purchasers of each Reliance development.
Is there anyone living in Dubai that knows if any work by other developers
or direct by Nakheel is still taking place in JVS.
I feel if we are entitled to a claim on the land then we might see a bit of
our money back, anyone any thoughts on how we can find this out without having
to go to court and spent more good new money trying to get reunited with
our old good money entrusted in this corrupt developer.
Best Regards
Nigel
P.S. I have copied this email to Marwan head of RERA, but I doubt that
we will get any sort of response Reliance seems to be unaccountable
for their actions under RERA and Dubai laws, over the years nothing
publicly as ever been published by RERA stating that they were a bad
developer breaking Dubai laws and their investors should be entitled to their
money back, in fact you cannot even technically call then a developer because
they have never developed anything only collected our money and kept it to
support their lifestyles
D
Oct 8, 2011, 9:57:26 AM10/8/11
to Saleem, Asif Kamil, dianet...@aol.com, ra...@terrahomeplus.com, yunus...@hotmail.com, Nigel Night, nas...@mimagrp.com, rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com, dubai-proper...@googlegroups.com, frog...@hotmail.com
Basically, there is no money in the escrow accounts, they used different accounts to do their money laundry. I am not sure what is the status with the real land properties, did they really own them?
On Oct 7, 2011, at 10:08 AM, Saleem wrote:
No news. If anyone has any news request kindly share. Thanks.
From: Asif Kamil [mailto:expo...@hotmail.com]
Sent: Friday, October 07, 2011 8:50 AM
To: sal...@mimagrp.com; dianet...@aol.com; ra...@terrahomeplus.com; yunus...@hotmail.com
Cc:Nigel Night; nas...@mimagrp.com; myaz...@hotmail.com; rezaa...@aol.com; ren...@haniwells.co.uk; rafi....@gmail.com; almubar...@gmail.com; has...@hotmail.co.uk;sheni...@gmail.com; dubai-proper...@googlegroups.com; frog...@hotmail.com
Subject: RE: Reliance Newsletter 21st June , 2009
kenny timmons
Oct 10, 2011, 3:52:04 PM10/10/11
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I met with Marwan twice already he will not andwer any emails!
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datum1m
Nov 4, 2014, 8:44:30 AM11/4/14
to dubai-proper...@googlegroups.com, expo...@hotmail.com, ra...@terrahomeplus.com, sal...@mimagrp.com, yunus...@hotmail.com, NigelP...@aol.com, nas...@mimagrp.com, myaz...@hotmail.com, Rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com
Any Reliance investors still reading this thread need to register their investment with the Dubai Courts please see link http://www.dubaicourts.gov.ae/portal/page?_pageid=292,653851&_dad=portal&_schema=PORTAL before the end of November 2014
Asif Kamil
Nov 4, 2014, 9:17:15 AM11/4/14
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There is No Question of continuing with Reliance . How come you got the idea of Reliance will restart the project ???
Finally after waiting for 6 years this moment has arrived !!
Cheers
Asif Kamil
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nigelp...@aol.com
Nov 4, 2014, 5:56:18 PM11/4/14
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Hi Asif,
I think you misread the post, the comments about "Reliance will restart the project" where made back in June 2009.
I just posted a link that it is finally going to court and your need to register your investment with the Dubai Court.
What I am most interested in is the Land, because I was given a copy of a Nakheel Land Sales receipt by Reliance showing Nakheel had been paid in Full for the Reliance 17 plot. So that is an asset with a value and over recent years the market seems to have improved in JVC and JVT, so what is the land worth today and do we have a right to claim money from its sale should the land be sold now or in the future.
Best Regards
Nigel
Asif Kamil
Jul 22, 2015, 1:12:46 AM7/22/15
to dubai-proper...@googlegroups.com, ra...@terrahomeplus.com, sal...@mimagrp.com, yunus...@hotmail.com, nas...@mimagrp.com, myaz...@hotmail.com, Rezaa...@aol.com, ren...@haniwells.co.uk, rafi....@gmail.com, almubar...@gmail.com, has...@hotmail.co.uk, sheni...@gmail.com
Any update on Reliance projects ? It's been a while haven't heard anything either from land department or dubai courts website .
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