Im also quite new to this site, However I too have bought a Al furjan villa in phase 2.
I really wish I never bothered, I would love to join your group to see if we can get this project cancelled or even transfered to phase 1.
I have already paid 20% plus a premium as I bought it from a broker on re-sale (how stupid was I!!). I have to pay another 20% in may and even though I could make the payment (just about) I would be loosing so much in the currency exchange because the pound is so weak.
Really need your guys help on this.
Welcome to our club... we are all in the same boat here.
Everyone who contacted Nakheel regarding a resolution for Al Furjan - Phase 2 will know that they are not willing to make any amendments to the initial agreement or offer any alternatives. Why should they? they already have our money. But I beleive they want the rest. i.e. they want us to continue payment for thier cash flow purposes. I think this is where we can have the upper hand.
My suggestion is this: We draft a petition letter that says that we the owners of Al Furjan, phase 2 collectively agree not to make ANY further payments to Nakheel until they start negotiating in coming up with REAL solutions to help us.
This may sound extreme, but imagine if 70% or more investors do not pay? Which I'm sure many will not pay, but a letter to this tune will make it official.