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Developer Won't launch Project Midas by M Holdings

Discussion in 'Dubai property' started by NwAli, Dec 3, 2008.

  1. NwAli

    NwAli New Member

    Dear All

    Needed a frank opinion on what to do, I invested in Midas Hills Near mushrif Park Area
    I have got couple of studio n 1 bedroom, I have made a down payment of 10% back in July, n the next payment they promised it will be in their escrow account, 6 months have passed they did not call back for any payments, I have no clue when they are going to launch the project, when I call n ask what’s happing things would be sorted out quick, do I think my investment is dead?? or I have any chance and taking the current market situation I don’t want to give any more installment, they have done few buy back , and as every one know who ever has done buy back have gone bankrupt, or ran away with the cash…

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