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DrPill, I have stopped my payments for BL properties. I payed 15% so far. They dont have an escrew account yet. I advice you to check with them regarding the escrew account and to stop payment if they havent. I spoke AREA and they told me to stop futher payment till the company register with...

Dash, I also invested with BL properties. I only signed a reservation form and payed 15%. Due to financial difficulties am not able to continue payment. I enquired with them incase of cancellation if i would lose all what i paid.. they said yes and according to law! If i cancel i will lose 30%...

lawyer not layer..

faisal, The new law in Ajman is not yet approved, I have bought in Royal oasis with BL properties and i want to cancel now and they are saying i will lose 30% of thee unit price. I called ARERA just two days back and i told them my situation, they said Ajman law is not approved so the...

financier888, Thanks for ur reply. I ve decided to send an email to BL properties at ask them how much will i lose incase i cancel and this the reply I got 'if you don’t want continue the payment and cancel the unit by the law 30% of total amount is forfeit so you will not get back anything...

financier888, Am new to this forum. I would like an advice on this. I bought an apartment in Royal oasis in Al Humaid city in August 2008 with 5 years payment plan from BL PROPERTIES. So far i paid 15% plus the parking fees. Just recently they sent me a letter saying that the construction...