Lawyer

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ajay.b

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Feb 22, 2009, 8:06:42 AM2/22/09
to 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, Behnoush Hamedi, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, Imran Shaukat, haniff...@hotmail.com, ash...@capricorndubai.com, The Engineer, dubai-proper...@googlegroups.com, behnoush hamedi

Dear All,

 

I have heard Shahram Safai from Afridi & Angell (law firm ) to be a good property lawyer. He is a partner in Afridi & Angell ( Dubai based).

 

We could represent our case if all DP investors can come under our umbrella .

 

Rgds

 


From: ajay.b [mailto:aja...@snttadubai.com]
Sent: Sunday, February 22, 2009 5:05 PM
To: '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'; 'Behnoush Hamedi'
Cc: 'anjub...@hotmail.com'; 'san...@vdcgroup.com'; 'rsha...@eim.ae'; 'Imran Shaukat'; 'haniff...@hotmail.com'; 'ash...@capricorndubai.com'; 'The Engineer'; 'dubai-proper...@googlegroups.com'; 'behnoush hamedi'
Subject: Read & watch
Importance: High
Sensitivity: Confidential

 

This is markus interview..

 

http://www.youtube.com/watch?v=sk9Sbpnkd-4&feature=related

 

http://www.youtube.com/watch?v=SI8fuI2pYZ4

 

Rgds

 

Aj

 

 

 


From: ajay.b [mailto:aja...@snttadubai.com]
Sent: Sunday, February 22, 2009 12:43 PM
To: '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'; 'Behnoush Hamedi'
Cc: 'anjub...@hotmail.com'; 'san...@vdcgroup.com'; 'rsha...@eim.ae'; 'Imran Shaukat'; 'haniff...@hotmail.com'; 'ash...@capricorndubai.com'; 'The Engineer'; 'dubai-proper...@googlegroups.com'; 'behnoush hamedi'
Subject: RE: Important info
Importance: High
Sensitivity: Confidential

 

I’ve complained as well.

 

These are my details..

 

Your complaint has been registered successfully.

Complaint Number: RERA/02/2009/3284

 

Request all to do the same.

 

Aj

 


From: ajay.b [mailto:aja...@snttadubai.com]
Sent: Sunday, February 22, 2009 12:26 PM
To: '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'; 'Behnoush Hamedi'
Cc: 'anjub...@hotmail.com'; 'san...@vdcgroup.com'; 'rsha...@eim.ae'; 'Imran Shaukat'; 'haniff...@hotmail.com'; 'ash...@capricorndubai.com'; 'The Engineer'; 'dubai-proper...@googlegroups.com'; 'behnoush hamedi'
Subject: Important info
Sensitivity: Confidential

 

Dear Everyone,

 

Go to www.rpdubai.com web site and register and put your complain in about Deyaar park through the site, it seems much better now and this is what I got from them.

I believe Khawla the legal department of RERA are looking into complains.

 

 

Ajay or someone who has access to Google group, put this not on the site, I tried to post this but it keep saying my registration is pending, not sure why, anyway please say:

 

Deyaar Park Investors, please go to the www.rpdubai.com site and register and put your complain about Deyaar park through the site, mentioned project launched 15 months ago and still no sign of construction and as per project manager for whole Jebel Ali downtown, MR Salim Salah Amin talk on Dubai eye on Sunday 15th of February, infrastraucture of Zone 3 where Deyaar park is located would be ready by January 2010. Deyaar had NOC documents over 1 year ago and they suppose to start construction within 6 months after having the NOC.

 

Thanks

Behnoush

 

Kamal Dhanwani

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Feb 22, 2009, 8:49:29 AM2/22/09
to dubai-proper...@googlegroups.com, 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, Behnoush Hamedi, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, Imran Shaukat, haniff...@hotmail.com, ash...@capricorndubai.com, The Engineer, behnoush hamedi
I am game let me know what should we do.

KD
--
"If you need to do something more than once, then create a system." i.e. Any activity in a business performed repeatedly could be systemized so that anyone can do it.

ajay.b

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Feb 23, 2009, 1:05:14 AM2/23/09
to mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, ajva...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, crea...@emirates.net.ae, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, varunm...@gmail.com, mahdi....@arabland.ae, preyes...@barargroup.com, raf...@mtcdubai.ae, vho...@googlegroups.com, ze...@tktrealestate.com, in...@idealhomesdubai.com, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, imrans...@gmail.com, ash...@capricorndubai.com, fera...@yahoo.com, dubai-proper...@googlegroups.com, in...@bkpgeneraltrading.com, r...@bhatia-brothers.ae, anjub...@hotmail.com, rsha...@eim.ae, haniff...@hotmail.com, ash...@capricorndubai.com, dubai-proper...@googlegroups.com, Imran Shaukat

 

Guys,

 

I believe RERA HAVE HAD THEIR FORST MEETING WITH INVESTORS FORUM ( NOT DEVELOPERS!!!).

 

Please find details of the first discussion.

 

Following our petition to RERA we today had our first meeting with their CEO Mr Marwan Bin Ghalita, the meeting was productive and will serve as a platform to regular meetings to discuss investors issues and possible solutions, to overcome the situations we all find ourselves in.

 

There is going to be a press release hopefully on Wednesday by RERA, that our group will be recognised by them as the conduit where investor’s problems with developers can be voiced and heard at the highest level within RERA.

 

We consider this to be a positive move by RERA, who up until now have only had representation from Developers.

 

Some answers we managed to obtain today in relation to the questions we have raised in our petition are as follows.

 

1)         Money taken out of escrow to pay for land was only allowed on a

historical basis, where stage payment had been agreed prior to the escrow law, land bought by developers after the implementation of escrow law, would have to be paid for out of developers own funds and not from the escrow account.

2)         Law 13 in its original form stands and not the Land Departments

Administrative Circular, this means Developers that cancel contracts will have to pay back at least 70% of any money paid by a purchaser.

However it is still only a Developer that can cancel a contract.

3)         If we can prove to RERA that a project that has not started on site

construction, is not financially viable, then RERA will cancel that project. So basically if enough purchasers from one project can prove that without their collective financial support the Developer cannot build, because he does not have any of his own money in the project or he cannot obtain project finance, then RERA will take the responsible step of cancelling that project.

4)         RERA also said that any project that was out of the ground and

well under construction would be completed, even if it was not done by the original developer.

 

RERA want our group to portray the concerns of the off plan purchasers whether investors or end uses. I think they feel if we can collect data from off plan purchasers on a project by project basis and present it to them, then they will be able to ascertain a much more comprehensive picture of the financial makeup of the market. It is clear from today’s meeting that Developers are telling them that it is business as usual and they are not being effected by purchasers defaulting on their payment plans. So it is our responsibility to show RERA that this is simply not true and that we cannot get the mortgages, we were originally promised by most Developers and as a consequence the projects are no longer viable

 

Nigel P Knight also mentions …

 

Hi,

 

At the moment RERA are stating only contracts entered into after law 13 came into force, however this may change if a judge rules in favour of the 70/30 rule being retrospective for a contract entered into before law was promulgated.

 

If you was given/sent a SPA after Law 13, but it was back dated to before Law 13, then the actual date you sign the SPA applies, so you would be entitled to a minimum of 70% of any money paid back.

 

 

 

Rgds

 


From: mohammadhanif mohammad [mailto:haniff...@hotmail.com]
Sent: Sunday, February 22, 2009 6:00 PM
To: aja...@snttadubai.com; rakes...@gmail.com; bacha...@gmail.com; ajva...@gmail.com; a...@claremont.ae; alm...@emirates.net.ae; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; bimal...@gmail.com; c...@arabland.ae; crea...@emirates.net.ae; csi...@gmail.com; mas...@emirates.net.ae; den...@habibinvestment.com; ravid...@gmail.com; samir...@gmail.com; drsh...@live.com; exp...@eim.ae; elk...@alshaali-co.com; emirates...@gmail.com; far...@smartrealestatedubai.com; gupta...@gmail.com; hish...@gmail.com; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; i.n...@thepropertystore.com; kat...@pc-int.com; kokila...@gmail.com; tvla...@mailme.ae; rajeshm...@gmail.com; varunm...@gmail.com; mahdi....@arabland.ae; preyes...@barargroup.com; raf...@mtcdubai.ae; vho...@googlegroups.com; ze...@tktrealestate.com; in...@idealhomesdubai.com; anjub...@hotmail.com; san...@vdcgroup.com; rsha...@eim.ae; imrans...@gmail.com; haniff...@hotmail.com; ash...@capricorndubai.com; fera...@yahoo.com; dubai-proper...@googlegroups.com; in...@bkpgeneraltrading.com
Subject: RE: Lawyer

 

mr AJ
I AM READY WITH YOUR DICISION.
THANKS
 
MUHAMMAD HANIF FOXY
+971506299591

 



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ajay.b

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Feb 23, 2009, 1:19:15 AM2/23/09
to mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, ajva...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, crea...@emirates.net.ae, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, varunm...@gmail.com, mahdi....@arabland.ae, preyes...@barargroup.com, raf...@mtcdubai.ae, vho...@googlegroups.com, ze...@tktrealestate.com, in...@idealhomesdubai.com, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, imrans...@gmail.com, ash...@capricorndubai.com, fera...@yahoo.com, dubai-proper...@googlegroups.com, in...@bkpgeneraltrading.com, r...@bhatia-brothers.ae, anjub...@hotmail.com, rsha...@eim.ae, haniff...@hotmail.com, ash...@capricorndubai.com, dubai-proper...@googlegroups.com, Imran Shaukat

ajay.b

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Feb 23, 2009, 1:43:59 AM2/23/09
to mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, ajva...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, crea...@emirates.net.ae, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, varunm...@gmail.com, mahdi....@arabland.ae, preyes...@barargroup.com, raf...@mtcdubai.ae, vho...@googlegroups.com, ze...@tktrealestate.com, in...@idealhomesdubai.com, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, imrans...@gmail.com, ash...@capricorndubai.com, fera...@yahoo.com, dubai-proper...@googlegroups.com, in...@bkpgeneraltrading.com, r...@bhatia-brothers.ae, anjub...@hotmail.com, rsha...@eim.ae, haniff...@hotmail.com, ash...@capricorndubai.com, dubai-proper...@googlegroups.com, Imran Shaukat

Isbar Ali

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Feb 23, 2009, 2:07:01 AM2/23/09
to dubai-proper...@googlegroups.com

ajay.b

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Feb 23, 2009, 2:13:26 AM2/23/09
to dubai-proper...@googlegroups.com

No idea. Need to check with them..

 

I am sure they are handling a lot of real estate clients.

 

Aj


HAQSONS JAPAN

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Feb 23, 2009, 2:11:51 AM2/23/09
to dubai-proper...@googlegroups.com

Sounds good

 

Rgds

   Emad

 

From: dubai-proper...@googlegroups.com [mailto:dubai-proper...@googlegroups.com] On Behalf Of Isbar Ali
Sent: Monday, February 23, 2009 11:07 AM
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Lawyer

 

AJ,

Isbar Ali

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Feb 23, 2009, 2:17:10 AM2/23/09
to dubai-proper...@googlegroups.com
The units we bought in RAK were handled by them.
Also a friend told me his girlfriend worked for them temporarily; they appear to have a very good reputation.
I believe they work on behalf of the RAK sheikh

Sounds like a good option for investors

Isbar


From: aja...@snttadubai.com

To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Lawyer
Date: Mon, 23 Feb 2009 11:13:26 +0400
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ajay.b

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Feb 23, 2009, 2:18:16 AM2/23/09
to mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, ajva...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, crea...@emirates.net.ae, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, varunm...@gmail.com, mahdi....@arabland.ae, preyes...@barargroup.com, raf...@mtcdubai.ae, vho...@googlegroups.com, ze...@tktrealestate.com, in...@idealhomesdubai.com, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, imrans...@gmail.com, ash...@capricorndubai.com, fera...@yahoo.com, dubai-proper...@googlegroups.com, in...@bkpgeneraltrading.com, r...@bhatia-brothers.ae, anjub...@hotmail.com, rsha...@eim.ae, haniff...@hotmail.com, ash...@capricorndubai.com, dubai-proper...@googlegroups.com, Imran Shaukat

On Feb 20, 9:42 pm, OM KHATRI <omkha...@gmail.com> wrote:

> I suggest all investors who want refund should visit Land department

> to register formal claim for refund of payments made in projects where

> developers have collected 20% or more & construction has not started

> yet.

> 

> This joint approach may help us to get directives from RERA to

> Developers as all of them are refusing to accept any request for same

> from investors under pretext that money is in ESCROW a/c with RERA &

> can not be refunded till RERA approves.

> 

> Pl come forward ASAP

 

 

Isbar Ali

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Feb 23, 2009, 2:19:58 AM2/23/09
to dubai-proper...@googlegroups.com
When are you free?

We must go out and relax!!!

Let me know

Isbar


From: aja...@snttadubai.com

To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Lawyer
Date: Mon, 23 Feb 2009 11:13:26 +0400

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Rizwan Mohammed

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Feb 23, 2009, 2:30:03 AM2/23/09
to dubai-proper...@googlegroups.com
Hi,
Can you pls provide me with contact details of Afridi and Angell? I need to initiate legal proceeding against Azizi Investments

Regards
Rizwan

Abby Vohra

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Feb 23, 2009, 2:38:29 AM2/23/09
to dubai-proper...@googlegroups.com, ssa...@afridi-angell.com

Dear Rizwan. I am ccing, Mr. Shahram in this email. He is partner of angel and afridi. I have personally meet him and I have found him very professional and effective.

 

 

Best regards,

Abby Vohra
Managing Director

Suite 712, 7th Floor
Grosvernor House Tower
Sheikh Zayed Road, Dubai
P.O.Box 123013
United Arab Emirates

cid:image001.gif@01C97FC8.A115FF90

Tel: +971 4 3296657
Fax: +971 4 3296658
Mobile: +97150 5250590
Email: ab...@abbys.ae
Website: http://www.abbys.ae

 

 

From: dubai-proper...@googlegroups.com [mailto:dubai-proper...@googlegroups.com] On Behalf Of Rizwan Mohammed
Sent: Monday, February 23, 2009 11:30 AM
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Lawyer

 

Hi,

NigelP...@aol.com

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Feb 23, 2009, 2:58:01 AM2/23/09
to dubai-proper...@googlegroups.com
After yesterdays meeting with RERA, any members of our group should voice their concerns through us this will be much more effective, because we will be able to represent you at the highest level.
 
As I have already mentioned this will involve large numbers of investors from one project coming together, but to elaborate further they will have to state how much they have paid to date and their reason for not adhering to their contract and making further payments.
 
Our group will get media coverage so hopefully more investors will come forward and join the group from every development in Dubai. However if there is a good percentage of purchasers within a project that can continue to pay and a developer can prove to RERA that they can obtain bridging finance to cover the shortfall of other defaulting investors, which will need to include for 70% refunds as per Law 13, then I am sure RERA will want that project to proceed.

Xu, Sally JJ

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Feb 23, 2009, 3:14:59 AM2/23/09
to dubai-proper...@googlegroups.com

Hi Nigel,

 

Thank you so much for your effort! This is really a great achievement.

My concern is how to execute the refund. When the purchaser defaults, the developer cancel the contract and send the termination letter to the purchaser. Then the purchaser should go to the developer or RERA to claim the 70% refund?  Thanks again

 

Sally

 

 

 


Sent: 23 February 2009 11:58
To: dubai-proper...@googlegroups.com


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NigelP...@aol.com

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Feb 23, 2009, 4:02:16 AM2/23/09
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Hi Sally,
 
No unfortunately it is not going to be that simple or under our control.
 
Firstly the Developer would have to give you notice, then he would have to demonstrate to RERA that he as given you adequate time to pay. Then RERA under Article (11) Item 1, would serve you with a 30 day notice, but even when all of this is done according to Article (11) Item 2, the Developer then MAY cancel your contract.
 
I did try and get clarification on this point yesterday, but no one seemed to understand the point I was making, which is the developer may put you through all this and then nether cancel your contract. If I am correct and RERA cannot force him to cancel you, then it shows he does not have the money to refund you and he as only been trying to force you to pay and he is not looking to adhere to the Law.
 
If it is a project where the Developer is just a money collector and no construction work as started for 6 months or more and/or we can also prove he does not have the financial ability to build, then we could collect the relevant data and ask RERA to cancel the project.
 
Regards
 
Nigel   

Marzook

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Feb 23, 2009, 5:43:55 AM2/23/09
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Greetings Nigel,
First of all I would like to Congratulate you for your tremendous effort and great achievement. As one of the many investors i would like to speak to you in person of the various problems that I am facing for which a true solution can be found with your apt guidance. Kindly mail me your contact details or sms it to me. Also I would like to know about the refund cases where in how a purchaser can claim the refund of 70% in case the developer sends termination notice to the purchaser and the claim of 100% in case the developer cancels the project.
 
Thank You for your Time and Help.
Regards
M.S. Marzook
050 6512869
050 6506722
----- Original Message -----
Sent: Monday, February 23, 2009 12:14 PM
Subject: [Dubai Property Investors] Re: Good suggestion

Hi Nigel,

 

Thank you so much for your effort! This is really a great achievement.

My concern is how to execute the refund. When the purchaser defaults, the developer cancel the contract and send the termination letter to the purchaser. Then the purchaser should go to the developer or RERA to claim the 70% refund?  Thanks again

 

Sally

 

 

 


From: dubai-proper...@googlegroups.com [mailto:dubai-proper...@googlegroups.com] On Behalf Of NigelP...@aol.com
Sent: 23 February 2009 11:58
To: dubai-proper...@googlegroups.com
Subject: [Dubai Property Investors] Re: Good suggestion

 

After yesterdays meeting with RERA, any members of our group should voice their concerns through us this will be much more effective, because we will be able to represent you at the highest level.

 

As I have already mentioned this will involve large numbers of investors from one project coming together, but to elaborate further they will have to state how much they have paid to date and their reason for not adhering to their contract and making further payments.

 

Our group will get media coverage so hopefully more investors will come forward and join the group from every development in Dubai. However if there is a good percentage of purchasers within a project that can continue to pay and a developer can prove to RERA that they can obtain bridging finance to cover the shortfall of other defaulting investors, which will need to include for 70% refunds as per Law 13, then I am sure RERA will want that project to proceed.



Mahesh Mirchandani

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Feb 23, 2009, 6:29:45 AM2/23/09
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Dear Nigel,
Agreed. It does not suit the developer to cancel unless he's able to find another investor.

In the current scenario, the developer may choose to keep quiet and let the purchaser default and stay defaulted.
In effect keep quiet.

Once a new investor is found, then the developer may sell to the new investor w/o the first investor knowing...

Point ... While investors have stopped paying developers because of delayed projects, lack of mortgage, etc... should each investor negotiate with the developer for a 'win win' situation?

Or is it better to register a case with RERA .... and then what?

Regards,
MM
--

***** ***** ***** ***** ***** *****
The king goes as far as he may, not as far as he could.

usha ravi

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Feb 23, 2009, 6:38:44 AM2/23/09
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Hi
 
We went to land department y/day and they directed us to Rera and there is no one in rera to receive any complaints, what do we do.
 


--- On Sun, 2/22/09, ajay.b <aja...@snttadubai.com> wrote:

zalikah

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Feb 23, 2009, 6:48:13 AM2/23/09
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My developer is doing so , he has collected up to 50% , he is not building for 11 months  except for only one building and he has just finished pilling , he is not sending notices for payments , for RERA told him to stop collecting , yet this developer is putting all the investors on the slow fire and doing nothing , he is not calling the project cancelled , he is claiming " a bit delayed" he already admitted to some investors that no bank is financing him  and admitted to using ower escrow money for all the plots .So he does not have money to refund us , he is staying very very quite , but building nothing . keeping very low profile . So not to open a can of warms .
what would you do in such case ?
and how can i collect all the investors , some have paid 75% . and how can we claim our money back?
When you ask him , he claims he is liquid , but will provide no proof of that , nothing is cancelled and he will build all , the question is when ?
so it is a loss loss for the investor , no money and no building. No registration . nothing .


--- On Mon, 2/23/09, Mahesh Mirchandani <mahesh.mi...@gmail.com> wrote:
From: Mahesh Mirchandani <mahesh.mi...@gmail.com>
Subject: [Dubai Property Investors] Re: Good suggestion

NigelP...@aol.com

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Feb 23, 2009, 7:03:10 AM2/23/09
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Hi MM,
 
If you think you can get an amicable settlement with your developer on a one to one basis then that may be quicker than, finding other investors bringing them to us with their financial positions and then letting us see RERA on your behalf.
 
If we can register our units with RERA without any payment or SPA, then a Developer would not be able to resell your unit without RERA approval. So the Developer would have to default and settle with you before reselling your unit.
 
In reality who is going to buy off plan where they cannot go onto site and see at least 30% construction complete?

Dee Fernando

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Feb 23, 2009, 6:42:21 AM2/23/09
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Hi
 
This is my first time to post an email.
 
Kindly let me know how we can register a complaint with RERA as our Developer (in the Dubai Waterfront) has already taken 20% and is asking for the next 5% on 1 March 2009 and has not even started construction.  We have only signed a Reservation Contract but refused to sign the SPA which was sent in November backdated to 5 August.  We live in the UK, so let me know how we can proceed.
 
Regards
 
Dee


From: ajay.b <aja...@snttadubai.com>
To: mohammadhanif mohammad <haniff...@hotmail.com>; rakes...@gmail.com; bacha...@gmail.com; ajva...@gmail.com; a...@claremont.ae; alm...@emirates.net.ae; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; bimal...@gmail.com; c...@arabland.ae; crea...@emirates.net.ae; csi...@gmail.com; mas...@emirates.net.ae; den...@habibinvestment.com; ravid...@gmail.com; samir...@gmail.com; drsh...@live.com; exp...@eim.ae; elk...@alshaali-co.com; emirates...@gmail.com; far...@smartrealestatedubai.com; gupta...@gmail.com; hish...@gmail.com; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; i.n...@thepropertystore.com; kat...@pc-int.com; kokila...@gmail.com; tvla...@mailme.ae; rajeshm...@gmail.com; varunm...@gmail.com; mahdi....@arabland.ae; preyes...@barargroup.com; raf...@mtcdubai.ae; vho...@googlegroups.com; ze...@tktrealestate.com; in...@idealhomesdubai.com; anjub...@hotmail.com; san...@vdcgroup.com; rsha...@eim.ae; imrans...@gmail.com; ash...@capricorndubai.com; fera...@yahoo.com; dubai-proper...@googlegroups.com; in...@bkpgeneraltrading.com
Cc: r...@bhatia-brothers.ae; anjub...@hotmail.com; rsha...@eim.ae; haniff...@hotmail.com; ash...@capricorndubai.com; dubai-proper...@googlegroups.com; Imran Shaukat <imrans...@gmail.com>
Sent: Monday, 23 February, 2009 7:18:16

Subject: [Dubai Property Investors] Good suggestion

Dee Fernando

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Feb 23, 2009, 6:43:50 AM2/23/09
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Hoorah, managed to post a reply just now.
 
Thanks Nigel for adding me in.
 
Regards
 
Dee


From: "NigelP...@aol.com" <NigelP...@aol.com>
To: dubai-proper...@googlegroups.com
Sent: Monday, 23 February, 2009 7:58:01

Subject: [Dubai Property Investors] Re: Good suggestion

Mahesh Mirchandani

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Feb 23, 2009, 7:16:26 AM2/23/09
to dubai-proper...@googlegroups.com
Thanks Nigel.

NigelP...@aol.com

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Feb 23, 2009, 7:20:26 AM2/23/09
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the developer under law 8 as got to start construction within 6 months, I am repeating my self from earlier threads, so I think the best thing to do is for us to come up with a set of instructions that you can down load and follow.
 
Clearly your developer cannot hold onto your money forever without starting work, RERA through our regular meeting will get given the data from us on which developers are not performing. Once this information as been given to them, we will follow up and see what RERA's intended actions and time framework will be.
 
If we can be seen as a force for good in dealing with Bad developers, this will in still confidence within the investor community.
 
What we want to achieve a market where investors can buy off plan units with confidence in the developers ability to build, without this the off plan market will not recover. 

usha ravi

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Feb 23, 2009, 7:38:41 AM2/23/09
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Hi Nigel
 
You will know from experience that the clever developers once they sense there is serious danger to their claiming instalment will pretend to have started construction and everyone knows what they do.  How complicated is it then to prove the real intention of the developer through rera or any government body.  I think this is where the challenge will lie.
 
regards...

--- On Mon, 2/23/09, NigelP...@aol.com <NigelP...@aol.com> wrote:
From: NigelP...@aol.com <NigelP...@aol.com>
Subject: [Dubai Property Investors] Re: Good suggestion

Saqib Samad

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Feb 23, 2009, 7:29:54 AM2/23/09
to dubai-proper...@googlegroups.com
Hi,
 
I am new to the this forum and my first post, so forgive me if I am repeating myself, or making you do the same.
 
I have purchased a a studio flat in Royal Residence 1, Sports City Dubai with Bangash Properties. I have paid up 95%, so obviously my concern is now they have almost all my money. They started construction in July 2007, and they are only on floor 1.....and I keep hearing that in Dubai they can build a floor a week....which is quite evidently the case here! So i Have obvious concerns as to do they have the necessary finance to complete the project? If not, will they cancel, and will I get all my money back with some compensation??
 
So how do you attend to collect all this data from Investors in order to present to RERA?
 
Cheers,
 
Saqib
UK

 

Dee Fernando

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Feb 23, 2009, 8:51:22 AM2/23/09
to dubai-proper...@googlegroups.com
Hi
 
Is there anyone with Dubai Pearl Units who would like to make a group?  Does anyone know if this project will go ahead?  Do you think consolidation of 3 units to one is a good idea?
 
Regards


From: usha ravi <uthra...@yahoo.com>
To: dubai-proper...@googlegroups.com
Sent: Monday, 23 February, 2009 12:38:41

Subject: [Dubai Property Investors] Re: Good suggestion
Hi Nigel
 
You will know from experience that the clever developers once they sense there is serious danger to their claiming instalment will pretend to have started construction and everyone knows what they do.  How complicated is it then to prove the real intention of the developer through rera or any government body.  I think this is where the challenge will lie.
 
regards...

--- On Mon, 2/23/09, NigelP...@aol.com <NigelP...@aol.com> wrote:
From: NigelP...@aol.com <NigelP...@aol.com>
Subject: [Dubai Property Investors] Re: Good suggestion
To: dubai-proper...@googlegroups.com
Date: Monday, February 23, 2009, 4:20 AM

ajva...@gmail.com

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Feb 24, 2009, 1:45:57 PM2/24/09
to Ramesh Kumar, ajay.b, mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, Shiraz osman, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, r...@bhatia-brothers.ae, anjub...@hotmail.com, ash...@capricorndubai.com, dubai-proper...@googlegroups.com, Imran Shaukat

ajay.b

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Apr 9, 2009, 4:57:37 AM4/9/09
to mohammadhanif mohammad, rakes...@gmail.com, bacha...@gmail.com, ajva...@gmail.com, a...@claremont.ae, alm...@emirates.net.ae, ab...@thepropertystore.com, aameer.ka...@ubl.com.pk, bimal...@gmail.com, c...@arabland.ae, crea...@emirates.net.ae, csi...@gmail.com, mas...@emirates.net.ae, den...@habibinvestment.com, ravid...@gmail.com, samir...@gmail.com, drsh...@live.com, exp...@eim.ae, elk...@alshaali-co.com, emirates...@gmail.com, far...@smartrealestatedubai.com, gupta...@gmail.com, hish...@gmail.com, h...@swissarabia.co, hussein...@sapguae.ae, hit...@aspiredubai.com, i.n...@thepropertystore.com, kat...@pc-int.com, kokila...@gmail.com, tvla...@mailme.ae, rajeshm...@gmail.com, varunm...@gmail.com, mahdi....@arabland.ae, preyes...@barargroup.com, raf...@mtcdubai.ae, vho...@googlegroups.com, ze...@tktrealestate.com, in...@idealhomesdubai.com, anjub...@hotmail.com, san...@vdcgroup.com, rsha...@eim.ae, imrans...@gmail.com, ash...@capricorndubai.com, fera...@yahoo.com, dubai-proper...@googlegroups.com, in...@bkpgeneraltrading.com, r...@bhatia-brothers.ae

Does the under mean anything to Deyaar Park investors ?

 

See below a copy of the draft amendment. This may not be the final
version but it does give insight into the way people are thinking. It
also tries to define "construction" started. Even if the law itself
may not be applied retrosepectivly, i would  suggest that the
definition of construction can be.

The way i read the definition, it suggests a building permit must be
in place and a construction (prime) contractor appointed , not just
enabling works.

Please bear in mind this is only a draft and it will not become legal
until published.

Law No (  ) of 2009 Concerning the Amendment of Certain Provisions of
Interim Real Estate Register in the Emirate of Dubai No. 13 of 2008

WE, Mohammed bin Rashid Al Maktoum, Ruler of Dubai

After taking cognisance of the Law No. 8 of 2007 concerning Real
Estate Development Trust Accounts in the Emirate of Dubai;

Law No. 16 of 2007 on Formulation of Real Estate Regulatory Agency
(RERA);

and Law No. 13 of 2008 regulating the Interim Real Estate Register in
the Emirate of Dubai (hereinafter referred to as the "original law").

issue the following Law:

Article (1)

The following definition shall be added to the definitions listed
under Article (2) of the original law:
Agency: Real Estate Agency

Article (2)

The provisions of Article (11) of the original law shall be replaced
with the following provisions:

Article (11):
1.      In the event that the purchaser defaults on any term of the
contract he made with the developer for the sale of the real estate
unit, the latter should notify the Department accordingly and the
Department will then give the purchaser 30 days notice by hand,
registered post or email to fulfill his contractual obligations.

2.      If at the end of the period referred to in item 1 of this Article
the purchaser has not fulfilled his contractual obligations, the
competent court shall apply any of the following provisions:

a.      In case of real estate projects that are still under construction:
The court may decide to cancel the sale of the real estate unit and
compensate the developer for not more than 25% of the value of sale of
the real estate unit as stipulated in the contract.
b.      In case of projects where construction has not started: court may
decide to cancel the sale of the real estate unit and compensate the
developer for not more than 30% of the value of amounts paid by the
purchaser.
For the purpose of the two items (a) and (b), "construction" shall
mean the receipt of the contractor of the real estate project site and
commencement of contractor's constructional works as per the designs
approved by the competent authorities.

3.      Notwithstanding the provisions of paragraphs (1) and (2) hereof,
the Agency may, pursuant to a report prepared by it, decide to cancel
the real estate project. In this case, the developer shall refund all
amounts received from the purchasers in accordance with the procedures
and provisions stipulated by the Law No. 8 of 2007 concerning Real
Estate Development Trust Accounts in the Emirate of Dubai.

4.      The purchaser, developer or any party affected by the decision of
the Agency referred to in the previous item may submit an objection to
the competent court within a period not exceeding ten days from the
date of passing the decision, and the court's decision in that regard
shall be final and categorical and unappealable through any other
court, and such decision shall be executed in accordance with the
applicable legal principles.

Article (3)
This Law shall be published in the Official Gazette and shall take
effect from its date of publication.

MOHAMMED BIN RASHID AL MAKTOUM
RULER OF DUBAI

 

Rgds

 

aj


From: mohammadhanif mohammad [mailto:haniff...@hotmail.com]
Sent: Monday, February 23, 2009 5:18 PM
To: AJAY B BHATIA; haniff...@hotmail.com; rakes...@gmail.com; bacha...@gmail.com; ajva...@gmail.com; a...@claremont.ae; alm...@emirates.net.ae; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; bimal...@gmail.com; c...@arabland.ae; crea...@emirates.net.ae; csi...@gmail.com; mas...@emirates.net.ae; den...@habibinvestment.com; ravid...@gmail.com; samir...@gmail.com; drsh...@live.com; exp...@eim.ae; elk...@alshaali-co.com; emirates...@gmail.com; far...@smartrealestatedubai.com; gupta...@gmail.com; hish...@gmail.com; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; i.n...@thepropertystore.com; kat...@pc-int.com; kokila...@gmail.com; tvla...@mailme.ae; rajeshm...@gmail.com; varunm...@gmail.com; mahdi....@arabland.ae; preyes...@barargroup.com; raf...@mtcdubai.ae; vho...@googlegroups.com; ze...@tktrealestate.com; in...@idealhomesdubai.com; anjub...@hotmail.com; san...@vdcgroup.com; rsha...@eim.ae; imrans...@gmail.com; ash...@capricorndubai.com; fera...@yahoo.com; dubai-proper...@googlegroups.com; in...@bkpgeneraltrading.com; r...@bhatia-brothers.ae
Subject: RE: Good suggestion

 

dear aj;
i am ready to visit land department let me know when to arrange .
 
thanks
muhammad hanif foxy
 



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Hamedi

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Nov 2, 2010, 8:39:53 AM11/2/10
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Hi Everyone,

 

What everyone did with this Deyaar park case? Is everyone sorted?

 


From: ajay.b [mailto:aja...@snttadubai.com]
Sent: 23 February 2009 06:44
To: 'mohammadhanif mohammad'; rakes...@gmail.com; bacha...@gmail.com; ajva...@gmail.com; a...@claremont.ae; alm...@emirates.net.ae; ab...@thepropertystore.com; aameer.ka...@ubl.com.pk; bimal...@gmail.com; c...@arabland.ae; crea...@emirates.net.ae; csi...@gmail.com; mas...@emirates.net.ae; den...@habibinvestment.com; ravid...@gmail.com; samir...@gmail.com; drsh...@live.com; exp...@eim.ae; elk...@alshaali-co.com; emirates...@gmail.com; far...@smartrealestatedubai.com; gupta...@gmail.com; hish...@gmail.com; h...@swissarabia.co; hussein...@sapguae.ae; hit...@aspiredubai.com; i.n...@thepropertystore.com; kat...@pc-int.com; kokila...@gmail.com; tvla...@mailme.ae; rajeshm...@gmail.com; varunm...@gmail.com; mahdi....@arabland.ae; preyes...@barargroup.com; raf...@mtcdubai.ae; vho...@googlegroups.com; ze...@tktrealestate.com; in...@idealhomesdubai.com; anjub...@hotmail.com; san...@vdcgroup.com; rsha...@eim.ae; imrans...@gmail.com; ash...@capricorndubai.com; fera...@yahoo.com; dubai-proper...@googlegroups.com; in...@bkpgeneraltrading.com
Cc: r...@bhatia-brothers.ae; anjub...@hotmail.com; rsha...@eim.ae; haniff...@hotmail.com; ash...@capricorndubai.com; dubai-proper...@googlegroups.com; 'Imran Shaukat'
Subject: Article

 

http://www.overseaspropertymall.com/trends/international-real-estate-trends/dubai-property-market-economy-in-free-fall/

 

Muhammad Ali

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Nov 2, 2010, 9:02:59 AM11/2/10
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Nothing they r still trying to play tricks with us so v r refusing it all to wait and see or open a case against them

Thanks and best regards - Ali


From: "Hamedi" <in...@bkpgeneraltrading.com>
Date: Tue, 2 Nov 2010 12:39:53 -0000
To: 'ajay.b'<aja...@snttadubai.com>; 'mohammadhanif mohammad'<haniff...@hotmail.com>; <rakes...@gmail.com>; <bacha...@gmail.com>; <ajva...@gmail.com>; <a...@claremont.ae>; <alm...@emirates.net.ae>; <ab...@thepropertystore.com>; <aameer.ka...@ubl.com.pk>; <bimal...@gmail.com>; <c...@arabland.ae>; <crea...@emirates.net.ae>; <csi...@gmail.com>; <mas...@emirates.net.ae>; <den...@habibinvestment.com>; <ravid...@gmail.com>; <samir...@gmail.com>; <drsh...@live.com>; <exp...@eim.ae>; <elk...@alshaali-co.com>; <emirates...@gmail.com>; <far...@smartrealestatedubai.com>; <gupta...@gmail.com>; <hish...@gmail.com>; <h...@swissarabia.co>; <hussein...@sapguae.ae>; <hit...@aspiredubai.com>; <i.n...@thepropertystore.com>; <kat...@pc-int.com>; <kokila...@gmail.com>; <tvla...@mailme.ae>; <rajeshm...@gmail.com>; <varunm...@gmail.com>; <mahdi....@arabland.ae>; <preyes...@barargroup.com>; <raf...@mtcdubai.ae>; <vho...@googlegroups.com>; <ze...@tktrealestate.com>; <in...@idealhomesdubai.com>; <anjub...@hotmail.com>; <san...@vdcgroup.com>; <rsha...@eim.ae>; <imrans...@gmail.com>; <ash...@capricorndubai.com>; <fera...@yahoo.com>; <dubai-proper...@googlegroups.com>
Subject: [Dubai Property Investors] RE: Article

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