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I was called by the new developer today and basically was told they will carry on with the areas as they are. I am also ready to get a lawyer if all of us can join in. New Developer cannot waive off obligations of Old Developer towards investors. Please inform how many of you have received Oqood registration document from Dubai Land Department.

Normally investors were not even aware regarding such huge difference between gross and net area. New Developer cannot waive off obligations of Old Developer towards investors.

Please inform how many of you have received Oqood registration document from Dubai Land Department. Normally investors were not even aware regarding such huge difference between gross and net area. My original SPA duly signed on 31st May 2009 states, Gross sold area : 1233. We must open a case in Dubai courts and we will get results. I live in UK so I have to plan a visit to Dubai, but I would join a group action and if possible seek the help of a lawyer.

Individually it would cost a lot but if we join together it would be cheaper to have a good lawyer. A group action is effective with individual power of attorney by each member in the group is given to a lawyer will fetch results.

Opening a case in the court may require solid evidence of irregularities and may be the last resort by a lawyer on a point of law. Simplicity of the matter is that we all have original contracts and those contracts have been breached hence we are entitle for a full refund plus compensation. On Sunday, we have meeting with person in charge at Dubai Land Department to discuss this matter on behalf of our Client. However, legally going through Arbitration is not advisable, as this property no longer belongs to KM. Three major issues- size difference, unacceptable delay in construction work and quality of construction work (it is grade b). If group approaches us, we will provide full assistance and solution. A group action is effective with individual power of attorney by each member in the group is given to a lawyer will fetch results. Opening a case in the court may require solid evidence of irregularities and may be the last payday loan cash advance resort by a lawyer on a point of law. Simplicity of the matter is that we all have original contracts and those contracts have been breached hence we are entitle for a full refund plus compensation. It might be easier for you to get in touch with me. I live in Manchester which is not very far from Stoke. Guys, Please encourage all the investors in Tamani Arts, Park Lane and B2B Tower, to participate on this forum as we all have a common objective to achieve.

Although it is a new standard but some developers is using as a (BAD) tool to convince investors to accept reduced net areas. I think we all should join together and take a legal action as soon as we can.

Because I believe the more we delay it gives the right to the developer to cancel our units for defaulting payments.

Even when I initiated this forum myself with such purpose, before moving into that direction I wonder which option would have better odds of succeeding: b) a request for a solution to the issues detected - either by increasing the area or by reducing the final price according to the reduced new area?


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What Law Firm has real possibilities of getting a favorable ruling against such a contestant? I am also in favor of creating a separate platform, to gather more investors and with some kind of access control.

As per the law when a project is taken over by New Developer, if the Buyer best short term loans has not entered revised SPA, has full right to terminate SPA and claim for refund along with interest. New Developer along with the project takes over all obligations of the old Developer.

Henceforth, legal action has to be taken against both.

Our strongest argument is delay in construction work. Judgment must be obtained before the project is completed. Dubai Land Department is not going to do anything, only way to get money back along with interest is to terminate SPA and to claim same day online loans refund.

There is high possibility of getting favorable ruling and executing it provided immediate action is taken. In all three projects taken over by Developer Properties construction work has degraded, offices at present are sold at AED 850 per sq ft on net area basis and many unreasonable clauses in revised SPA.

I would like to draw your attention to the fact that you are entitled to compensation if a developer decides to reduce the area of the unit that you were purchasing. I have had a similar issue in the past with a property in Dubai Marina and when the new developer sent me a revised SPA, I approached a lawyer and understood the ramifications of it. Find yourself a good attorney who specialises in real estate. If you want I would be happy to refer you to the good people that helped me. Send me a message and I will forward them details to you. I would like to draw your attention to the fact that you are entitled to compensation if a developer decides to reduce the area of the unit that you were purchasing. I have had a similar issue in the past with a property in Dubai Marina and when the new developer sent me a revised SPA, I approached a lawyer and understood the ramifications of it. Find yourself a good attorney who specialises in real estate.

If you want I would be happy to refer you to the good people that helped me. Send me a message and I will forward them details to you. I especially dislike when the common man is taken advantage of because they lack sufficient information.

I have found that seeking a lawyer was the best decision I made and my law firm was especially very hands on. As you may understand, we need to identify you as investor, to make sure that only real investors can share the information handled within the group. Please send me copy of your SPA (only pages showing area, price and signatures) together with a copy of your passport to see that you are the one on the SPA. I also have property in Tamani arts I bought in 2007. I am frustrated that the legal costs are high apply for a personal loan to take KM properties to court. We have a good chance but need to spend money to get our money back.

If we all pull together we can take action and the cost will be divided and then its affordable for everyone.


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I also refuse to sign the new contract and now they are trying desperately to get more money in and giving discounts on the monies outstanding. If you are affected on Tamani Asts Offices, Parklane Tower or B2B Tower, please join our private group to see how we are going to defend our interests. I already applied for membership but I did not receive any email as yet confirming the membership. Hence you are kindly requested to pay the registratiobn fees prior to June 30, 2015 to avoid penalties as per the latest attached circular from the DLD. The developers cannot legally change sizes and then charge you for it. There is a slight tolerance but this will be stipulated in the original SPA that you signed. I invested in 1 unit in KR, in Sports city and have had problems with delivery time, and also the change of heart by the developer to run the property not as a apartment-hotel, as was promised, but as a rental. A group action is effective with individual power of attorney by each member in the group is given to a lawyer will fetch results. Opening a case in the court may require solid evidence of irregularities and may be the last resort by a lawyer on a point of law. Simplicity of the matter is that we all have original contracts and those contracts have been breached hence we are entitle for a full refund plus compensation. Thank you for sharing your experience on Tamani Arts. My experience with them is so bad since the time of the old developer, KM Properties. They were not just cheating payday loan cash advance on floor areas they were in fact stealing money. There is a major discrepancy of over half a million AED between the amount of money I paid and the amount received and shown under the escrow account of the project.

I told KM Properties from 2008 that I will not make any further payment and I will not sign any contract until this issue is resolved. However, since then no action was taken from their side. Now, IAH have inherited this problem and I am not sure how they are going to deal with it. I have checked with the local lawyer in Dubai and he said that the case has to be filed against 2 parties i. The no employment verification personal loans chances of winning this case is very high but it may take long time and it may be too expensive. Hence you are kindly requested to pay the registratiobn fees prior to June 30, 2015 to avoid penalties as per the latest attached circular from the DLD. If you want to take advantage of that info, please join the private group as indicated in previous posts. Even we are one of the buyers in parklane tower, but we have not signed the new SPA and we are following the DLD heads to help us out. The Dubai Government today introduced tougher penalties of up to 20 years in jail for those involved in fraudulently seizing private and public money, in the latest step to stamp out corruption in the Emirate.

The law is designed to safeguard public and private funds in Dubai, read a statement released by the office of Sheikh Mohammed bin Rashid, the Vice President payday loan cash advance and Prime Minister of the UAE, who issued the new law in his capacity as the Ruler of Dubai.

Offenders faced a maximum of five years in jail, but with the new regulations they could face between five to 20 years.

A number of senior executives in Dubai were tried following a sweeping campaign by Dubai government to combat corruption in corporates.

As you payday loan cash advance may understand, we need to identify you as investor, to make sure that only real need fast cash investors can share the information handled within the group. Please send me copy of your SPA (only pages showing area, price and signatures) together with a copy of your passport to see that you are the one on the SPA.

I also have property in Tamani arts I bought in 2007. I am frustrated that the legal costs are high to take KM properties to court. We have a good payday loan cash advance chance but need to spend money to get our money back. If we all pull together we can take action and the cost will be divided and then its affordable for everyone. I also refuse to sign the new contract and now they are trying desperately to get more money in and giving discounts on the monies outstanding. If you are affected on Tamani Asts Offices, Parklane Tower or B2B Tower, please join our private group to see how we are going to defend our interests. I already applied for membership but I did not receive any email as yet confirming the membership.

Hence you are kindly requested to pay the registratiobn fees prior to June 30, 2015 to avoid penalties as per the latest attached circular from the DLD. The developers cannot legally change sizes and then charge you for it. There is a slight tolerance but this will be stipulated in the original SPA that you signed. I invested in 1 unit in KR, in Sports city and have had problems with delivery time, and also the change of heart by the developer to run the property not as a apartment-hotel, as was promised, but as a rental. A group action is effective with individual power of attorney by each member in the group is given to a lawyer will fetch results.

Opening a case in the court may require solid evidence of irregularities and may be the last resort by a lawyer on a point of law. Simplicity of the matter is that we all have original contracts and those contracts have been breached hence we are entitle for a full refund plus direct lenders of payday loans compensation.