Kippreport gets insights from Mike Belk, CEO and president of Daimler Middle East and LevantMarch 26, 2015 12:02
UAE lawyer criticizes Damac on UK’s Channel 4
A Dubai-based lawyer criticized Damac Properties on a show broadcast on the UK's Channel 4...
July 29, 2009 12:59 by Dana El Baltaji
A Dubai-based lawyer criticized Damac Properties on a show broadcast on the UK’s Channel 4, reports Arabian Business.
Ludmila Yamalova, a partner at Al Sayyah Advocates, was interviewed as part of an eight-minute special report for Channel 4 News on the Dubai-based developer. The report also features disgruntled investors who said they were unaware that Damac sold off-plan units on a site that was already occupied by the United Nations.
The report aired on Monday.
Yamalova said to Arabian Business: “As far as the Lotus project was concerned, they had launched and sold a project on a plot of land on which there is an existing building occupied by tenants, so I find it highly questionable that they had all the necessary approvals and licenses in place as required by law in order to launch the project.”
However, a spokesperson for the developer insists Damac adhered to “all regulatory regulations in regard to The Lotus: “The land for the Lotus Development was purchased by Damac Properties, from Dubai Properties, at public auction.”