Thread Status:
Not open for further replies.

Remraam Investor Group

Discussion in 'Dubai property' started by Direct2Dxb, Feb 16, 2009.

  1. Direct2Dxb

    Direct2Dxb New Member

    As you all know, Mizin has not been flexible with customers in terms of payment schedules and collections. Their idea of flexibility is to charge a penalty/interest on postponed payments, which is still harsh considering the current market situation (if you don't have money to make the payment due, where are you supposed to get the money to pay the interest charges?).

    Further to this, banks are not lending on all phases, and there is no one really buying right now, so selling off your property is not even an option. Buyers cannot initiate termination and so it is a vicious cycle.

    In line with what other developers have been doing (i.e. changing payment schedules or being more flexible), Mizin should also be going along those lines to help their customers. We have formed a Remraam investors group so that we can approach Mizin as a group (as we don't stand much chance as individuals).
    Please join the group by sending an email to: direct2dubai at gmail dot com with the subject Remraam OR post your email on this thread.

    Also invite your friends/relatives/colleagues who have invested in this project.

  2. Direct2Dxb

    Direct2Dxb New Member

    bumping this thread for all the Remraam Investors
  3. Direct2Dxb

    Direct2Dxb New Member

    Update: for any Remraam Investors who may have missed the first petition.
    If you would like to join the Remraam Investors Group who now have close to 100 members, send an email to [email protected]

    The group had a meeting with a senior member of Mizin last week and updates are available via the group.
Thread Status:
Not open for further replies.

Share This Page