Dubai property owners to get free legal advice

The Dubai Land Department announced on Monday an initiative to give property owners free legal advice…

6 Responses »

1. jameel on November 2nd, 2009 at 7:03 pm:

   let’s hope so that the lawyer’s do not abuse this facelity by catching clients and later on charging them . I hope this is a free service and not another money making scam.

2. rb on November 3rd, 2009 at 7:36 am:

   This is a very good initiative & will permit large no of investors to take actiion against developers who ae holding millions in ‘projects ‘ not started . eg IMAGE RESIDENCES BY AL FARAA PROPERTIES , VICTORY BAY , DEYAAR PROJECTS AT JEBEL ALI DOWNTOWN ETC..

   These developers are not declaring their projects as cancelled as they have to then refund investors funds , but are holding the funds since 1-2 years or in some cases askign investors to transfer their funds to their other projects.

   RERA should immediately publish list of such ‘cancelled ‘ projects as per their announcment in June 2009, so invesotors can claim full refunds.

   in case of above projects no construction has started even 18 -24 months afrer launch.

3. Hani Zaitoun on November 3rd, 2009 at 9:09 am:

   Any initiative is welcomed if it adds value and provides trust to the existing investors. The idea of a regulatory body is to have policies and procedures that protect investors, owners, tenants and landlords from abuse and fraud.

   We already have the escrow account, why no one is talking about it anymore, why money is not being refunded if buyers do not want to proceed or projects are cancelled ? Where is the money ? Transparency of costs for shared facilities, maintenance etc..

   Come on they need to do more than this really and quickly before everybody loses faith in the this.

4. Omar on November 3rd, 2009 at 1:22 pm:

   I agree with rb above. The examples he / she sites are important. I am an investor with Al Faraa Properties - Image Residences. Since the project was announced in May 2008, nothing has happened. Apparently, they have not even been allocated the land for the project by Limitless, the master developer. Yet, they are sitting on 10% of the value of the apartment I booked, and do not even have the courtesy to respond to e-mails, forget about return my money.

   See the link below for the full & painful story…

   http://www.facebook.com/group.php?gid=136010115651&ref=mf#/topic.php?uid=136010115651&topic=8926

   So much for the much vaunted escrow accounts - they are sitting on hundreds of millions of dirhams generating interest for them. WHY on earth would they return the money unless compelled by the government or RERA?
   And yet - responding to genuine issues like this is one of the few ways that Dubai can rebuild it’s credibility in the real estate arena… I do wonder how all this will play out.

5. rb on November 8th, 2009 at 7:02 am:

   legal option is the best way against such developers … like large no of investors have already done. File in the property court thru a good firm..

6. matthew on January 12th, 2010 at 10:49 pm:

   So how do you contact this group?

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