Search results

ant1, What floor levels have you been looking at and what price are you expecting to pay?, I have Agents contacting me asking if I will sell to their cash ready clients, but they offer silly money, so a deal is never done. Like Peter say's the market will improve like all markets do over time...

D1 Tower Yes in my opinion the developer is a SHARK, because they refuse to take any financial responsibility for a development that should have been completed back in 2010 according to their original sales literature. With respect to quality this again is an issue relating to the expectations...

D1 Tower The D1 Tower is near completion and investors are very unhappy with the length of the construction period, but that issue will not be a problem for people buying to live their and the D1 Tower is in a excellent location. Please see images...

I am not sure you understand the clause or how the Developer is using it, they are using the fact that the site has no power to claim Force Majeure and they keep extending the completion date based on that clause (they have done it more than once and will keep doing it to suit their financial...

Based on the information regarding specification changes to the quality of finishes from what the developer promoted within their mock show Apartment there seems to be a further case to not only off set the final 30% payment by loss of revenue due to late completion, but also sub-standard...

Found this pdf for Reliance Investors to review, it is a court document, which states they have reached refund stage http://www.dubaicourts.gov.ae/jimage/real_estate/real_estate_cancelled_projects_details2.pdf

Only found this New list of cancelled Dubai real estate projects... and refunds - Emirates 24|7

Hi All, It would seem that everyone has gone to sleep with the clock ticking down to the 15th March handover, why are members who showed they wanted to do something whole gone very quite? I found this news story about a proposed new law dated back in 2012, where it states the developer would...

Jonn UK, Would it be possible for you to share the pictures your friends took, what I am interested in apart from the building not been ready is where are they in respect of finishing the swimming pool and external amity areas, inside the building is the gym completely fitted out with...

If they can use a generator NOW to give us electricity why did they not offer this solution a few years back instead of claiming Force Majeure. The answer is simple the building was not ready and it was a blatant get out of jail card they played to stop us investors from claiming our money back...

Hi John and Peter, I feel there should be some consolidarity in our approach and I would very much like some UAE legal opinion on where we stand. I would much rather offset our final payment by our lost revenue/claim than pay them in full and then try and reclaim it through the courts...

These are my thoughts on what we could possibly claim against the late completion of our units. 1) Land Registration Fee, was 2% if they had completed as per the original date it is now 4%, which means we are having to pay 100% more to register our Apartments. 2) Within the SPA they are...

Peter, Are you only looking to address the completion time fame which just gives 3 weeks to come up with the 30% balance plus fees or are you wanting to contest the fact that they are years late in delivering and thus want some form of compensation. Your reply to the thread seems to imply...

Hi Peter, There seems to be 2 active threads on this Forum for the D1 http://www.propertyforum.com/forum/dubai-property/22016-d1-tower-dubai-3.html#post167722 Please also read this other thread, we need to find other D1 investors and form a group, I feel we will have more of a voice...

OK good, but we need to find other D1 owners, I live in Australia, you live in Russia and there must me owners allover the world, but how to find them? There is over 400 Apartments within D1 and many are already advertised for sale, maybe we contact the different Estate Agents in Dubai and...

From my knowledge of Dubai court system class actions are not allowed, but if we get a group together, we could use one Apartment of a member of the group and share the cost of going to court for that one Apartment if we win and the Developer can see that they will lose the rest of the cases...

Yes I agree the time we have waited the developer should waive the remaining 30% or at least give us some compensation

So by the 15th March will all the facilities be ready e.g. swimming pool, gym e.t.c, not going to be able to rent it out for top dollar without everything been ready?

Doesn't Arbitration rely on two willing parties, can you force the developer to go to Arbitration, was it a clause (therefore a right) within the S&P to ask for an Arbitrator to mediate? If the developer can say no to Arbitration then they will

I have posted before that I have heard investors are being awarded up to 9% pa for late delivery of their Apartments by the Dubai courts. The process can take up to 2 years and you cannot sell your Apartment until you receive a judgment. So this would mean having to rent it out until your case...