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I had invested in 2 apartments and had to barrow money. I am not going to payday loan direct lenders online spend anymore money on this dead project and will advise others likewise.
The only practice way for all the investors to join together and write to the Givernment and Rakia to get some resolution and may be pay us some money for giving up our rights etc.
We need someone with technical payday loan direct lenders online knowhow to arrange this online. I had invested in 2 apartments and had to barrow money. I am not going to spend anymore money on this dead project and will advise others likewise. The only practice way for all the investors to join together and write to the Givernment and Rakia to get some resolution and may be pay us some money for giving up our rights etc. We need someone with technical knowhow to arrange this online. No claim company is interested without paying them a fee. I reckon writing to RAK government and putting pressure on them may be getting media involve perhaps a Facebook campaign just few thoughts. Great I have rung them and intend to pursue it for now will see what they are able to do. Has there been any successful claim against Pacific! Great I have rung them and intend to pursue it for now will see what they are able to do. Has there been any successful claim against Pacific! Hi Everyone, I am also an investor of a one bed in La Hoya Bay. I live in Dubai and have been trying for years to find anything out about LHB or how we can claim our money back. I spoke to a gent at Judicare in the UK and he said not to bother spending more money in quick cash payday loan legal fees to get our money back because there is no more money to be had.
I thought that was why he got slung in jail because he bounced one of the land payment cheques. It would be nice to hear from anyone with any other updates. Sadly like many promises personal bad credit loans before this has also turned out to be total waste of my time.
If we do form a group of investors to approach the RAK government then please count me in too. I am happy to invest my time but sadly I am not great at tech knowhow. We could design a letter from individual investors with their details. Sign and scan it and send it to one person who can then print them and post it. I suggest we write to Dubai property watchdog as well as RAK. A lot of the developer are based in Dubai who operates project in RAK.
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Is there anything we can do to claim our money back?
If we do form a group of investors to approach the RAK government then please count me in too. I invested in the business village and i would like to join any group that is being set up. It was that the cases would probably all be won, but Khoie has no money, or has it well payday loans rockford il hidden.
The fact that so many of the investors, are from outside the UAE, means it is not as much of a problem for the RAK government, as if the majority of investors, were from UAE.
I think our best chance of getting any help from the RAK government, is if we can somehow persuade them that the failure of them to act will seriously affect confidence from future european, American etc investors.
I realise that this is a payday loan direct lenders online very simplistic view, but i think it is our only chance at this stage. I noted earlier in the thread that things have been changed to protect investors. Do any of the Local UAE investors, have any knowledge of any changes that were made recently, or do they have any contacts, long term payday loan in the RAK government?
First time I have looked at a property forum for a whilst, just depressing!
In Dubai next week and thought I would see if anything new occurring at la Hoya bay. It is clear there is no money available from frank, so the only way I foresee gaining any funds back is if the land is auctioned and money distributed to investors. There appears payday loan direct lenders online to be no appetite for this to occur by RAKIA, until this changes the stalemate continues! First time I have looked at a property forum for a whilst, just depressing! In Dubai next week and thought I would see if anything new occurring at la Hoya bay. It is clear there is no money available from frank, so the only way I foresee gaining any funds back is if the land is auctioned and money distributed to investors.
I was involved with another property scheme, in another country, which went the same way as LHB.
It took almost 12 years to get a refund payday loan direct lenders online and it probably would never have happened, without the involvement of the FSCS in the UK. For the first 8 or 9 years, there appeared to be no hope of anything positive happening. In that case, we were all reasonably up to speed, with the status of the different plots of land, during those years.
In the case of LHB, I am not up to speed with what has been happening.
Does anyone know what the status of the land plots, is at this stage, ie has any of it been sold or has there been any court determinations of who legally owns the land at this point? Just as everyone, no more corespondent or fancy appeal from Mr Frank and the office tel. The Police officer said SUE HIM IN ARABIC but one person action will not have much grand. I know some people have tried to fight at the initial stage but due to letters from Mr Frank after his release from Prison might have slow down their action then. Can i ask why are you thinking of investing in Dubai in particular? The Dubai property market has undergone some major changes over the last few years. A number of developers have gone by the wayside, loan installment new regulations have come into play and while interest is growing again I believe the rental market is slowing in some areas - always an interesting indicator about the overall market. Longer term the Dubai market has many positives but you will need to be selective about the areas and types of property in which you invest. There seems to be a lot of negative sentiment surrounding Dubai - will it get worse before it gets better? I for one would not be investing in Dubai just now. Can i ask why are you thinking of investing in Dubai in particular?
It even seemed to defty gravity when the rest of the world was struggling. In the end it did struggle, companies went under and the government stepped in. It seems to have steadied over the last couple of years although I see conflicting reports of softening rental yields. The problem with Dubai new properties is the fact that the major developers rule the roost and the legal framework supports them to the Detriment of individual investors. The worst culprit in this respect is Damac by any measure.
You can also add a link to your website in your signature. There you will find the list of all real estate agents and consultants in Dubai, UAE. Much of the real estate in Abu Dhabi has been focused around Abu Dhabi Island, with projects such as Reem Island, Al Raha Beach, Saadiyat and Lulu Islands garnering attention and investor interest. As these tools take the details of the price range and region we want the property in.
Also they tell us the exact status of the property , for example, if the property is ready for possession or an Ongoing project you can checkout a new app called bayut. Make sure you check a home that has pictures listed in it. Social media channels like Facebook can also be used to buy a home in the UAE. When my wife and I were on vacation in Dubai - this city seemed fabulously rich to us. Finding the right property in UAE can be a daunting task for many as there is so much to choose from. To start off you must first decide on a budget and list of payday loan lenders a preferred location. Look up various website such as propertyfinder and propertyeportal to help you understand about the types of properties available and their costs.
Real estate can generate ongoing passive income and can be a good long-term investment if the value increases over time.
You may even use it as a part of your overall strategy to begin building wealth. However, you need to make sure you are ready to start investing in real estate. Reason for my suggestion is- there is more to discuss and for those who might have information might not be able to discuss in the forum for confidentiality purposes.
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