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RAK Forum :
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Wadi Online :
Classified News
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Frankfurt Residence - New Update - Hiring a Lawyer
Mon, 06/29/2009 - 10:37 — farhad1979
Hi,
A group of 20 investors from all around the world went to Dubai last week to demand answers from Casamia Star regarding Frankfurt Residence in Marmooka City, Ajman. However, they were very rude to us and we had to call the police. They were also offensive to the police, which resulted one of their managers to end up in the police custody.
We did 3 interviews with 3 different major newspapers in UAE, and 2 of them have published our story. The 3rd one will be published next week. The name of the first newspaper is The National and the second one is Khaleej Times. I have both copies if you would like to see them.
We consulted 3 different lawyers and have appointed one lawyer to follow up our case.
If you wish to be added to the list of investors and also participate in hiring the same lawyer, please contact me at farhad1979@hotmail.com. The lawyer is building the case of fraud, which will be presented to a court and a judge to put these cheaters in prison and freeze their assets. Eventually, another civil case will be opened by the lawyer to get our money back plus all damages.
Hopefully we can get our money back soon.
Sincerely,
Farhad
Copyright 2008, Emirates Virtual Community
Ajman : Emirates City | Humaid City | Marmooka City
RAK : Marjan Island
Ajman : Emirates City | Humaid City | Marmooka City
RAK : Marjan Island
its just gets worse all the time
Lawyers warn courts may prolong agony for Ajman investors
Nathalie Gillet
Last Updated: September 02. 2009 7:19PM UAE / September 2. 2009 3:19PM GMT
Investors are hoping to use the courts to get their money back from stalled projects. Jeffrey E Biteng / The National
Investors in stalled Ajman property projects could be digging themselves in deeper by pursuing their claims in the courts, lawyers have warned.
The advice follows the publication of 122 approved projects by the Ajman Real Estate Regulatory Agency (ARRA) last month, which has spurred many investors in projects not on the list to seek compensation in the courts.
The approved projects represent less than a quarter of the estimated number planned before prices started to tumble last year. Approval, however, provides no guarantee that the projects will be built.
“Too much speculation in the market has led to all sorts of commitments that can’t be fulfilled now,” said David Nunn, a partner at Simmons and Simmons. “You can go to court, but I would be very careful about that. The provisions are not there to enable you to get back money that you have already committed. Going to court is really, to my mind, the last resort.”