More than Dh22 billion was wiped out on the day.
Posted by 7starsdubai on 2008/11/10
7starsdubai's Weblog
Dubai Real Estate – Property News – Investment Dubai – International Press
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Talk of the Town
amna on Property Scandal UAE Al Salam … Benoit on Jumeirah Beach Residence … S K Chaudhary on Dark days ahead? – Energ… Saddiq Arwan on Missing property agent Al Safi… Lionel on Videos Dubaian on Al Fajer Properties Case … Starke on Dynasty Zarooni – Al Faj… Jacques on Malika Karoum finally arrested… safwan adam on Missing property agent Al Safi… Lilouti Khan… on RERA Dubai – Dubai Prope… abudojana on Missing property agent Al Safi… flatnotesharp87 on Dubai Jailed Brit mum Marnie P… werdna1 on Missing property agent Al Safi… Rammy on Nakheel Dubai Government contr… fabian sommariva on Dubai Court Know How – L… 
Dubai7Stars- Shocking - Dubai`s main investment fund seeks debt payment delay
- Update : Dubai bonds gained after Sheikh Mohammed reduced of the power of some top executives
- Dubai - Sheikh Mohammed downgrade prominent figures
- Dubai property prices may drop as much as 30 percent more
- Detained in Dubai - Support Group for Dubai Residents and Tourists who find themselves in Hot Water in Dubai
- Dynasty Zarooni Dubai back in the Headlines - Another crimninal complaint ?
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- Arabian Business Dubai
- UAE real estate market has now hit bottom - analysts 2009/11/25
- Abu Dhabi limits construction to avoid housing glut 2009/11/25
- Dubai's Oct property sales value rises by 50% - official 2009/11/24
- Union Properties in talks to sell 50% Emicool stake 2009/11/24
- Developer set to hand over AED1.2bn golf projects in 2010 2009/11/24
- Dubai developers see negative press reports decline 2009/11/22
- Merger technical talks to conclude in a month - Emaar 2009/11/21
- Dubai property market 'may take 10 years to rebound' 2009/11/18
- Qatar house prices set to fall 15% next year 2009/11/17
- Saudi's Tanmiyat eyes projects outside GCC region 2009/11/17
- The National AE
- Police up random visa checks 2009/11/26
- Markets react to Dubai World debt plan 2009/11/26
- A tale of two feast days 2009/11/26
- The man who has it all on a plate 2009/11/26
- Red Crescent praised for Yemeni refugee aid 2009/11/26
- First Takatof volunteers return from mission 2009/11/26
- Road-safety appeal for the holidays 2009/11/26
- Travellers head abroad 2009/11/26
- Medical students win debating competition 2009/11/26
- Speaker hails German goodwill towards UAE 2009/11/26
- New push for GCC-EU free trade pact 2009/11/26
- Alinghi, in last appeal, makes its case for RAK 2009/11/26
- Brazilian bossaball bounces on to the beach 2009/11/26
- Harsh realities of life on the wrong side of the law 2009/11/26
- Record gold prices scare off buyers 2009/11/25
- National driving licence on the way 2009/11/25
- Legal charity aims to aid inadvertent offenders 2009/11/25
- Zero tolerance policy as Daman fights fraud 2009/11/25
- Capital vision of perfect stadium 2009/11/25
- Court frees Tameer chiefs funds 2009/11/25
- Zawya UAE News
- Anger mingles with frustration in Dubai 2009/11/26
- Dubai default fears spook investors 2009/11/26
- Bulgari opens a new twin store in The Dubai Mall 2009/11/26
- London unnerved by Dubai debt woes 2009/11/26
- Dubai debt default fears raise questions on other debt 2009/11/26
- DP World says 'not included' in restructuring process 2009/11/26
- Moody's Downgrades Dubai GRI Ratings 2009/11/26
- Sheikh Khalifa orders specializing residential lands to citizens 2009/11/26
- S&P: Dubai Gvt-Related Entities Downgraded, On Watch Negative 2009/11/26
- Dubai Shock After Debt Standstill Call 2009/11/26
- Etisalat to launch Catch Up TV in Dec 2009/11/26
- Non-core operations' leasing rising 2009/11/26
- Mobile VAS in UAE to grow at 11.9 per cent 2009/11/26
- Middle East airlines focus on ECA market 2009/11/26
- Pressure On Freight Yields Weighs On Gulf Airlines 2009/11/26
- Al Fajer Starts Delivering In Five Towers At Jumeirah Lake Towers 2009/11/26
- Work on seven new public parks in Dubai completed 2009/11/26
- Central Bank to issue gold and silver coins 2009/11/26
- Gulf News
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- xpress4me Dubai
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- EmiratesBusiness 24/7
- Work on seven new public parks in Dubai completed 2009/11/26 Staff Writer
- Eid Al Adha spells freedom for prisoners in Dubai, Fujairah 2009/11/26 Staff Writer
- Alliance presents election manifesto 2009/11/26 Abdel Hai Mohamad
- Critical services ready for the holidays 2009/11/26 Karen Remo-Listana
- Wrong name lands Emirati in trouble 2009/11/25 Mohammed Elsidafy
- Nepalese forced into prostitution 2009/11/25 Mohammed Elsidafy
- Aid from UAE Red Crescent totals Dh3bn 2009/11/25 Staff Writer
- 'UAE returning to growth' 2009/11/25 Abdel Hai Mohamed
- Work on Ducab plant starts 2009/11/25 Wam
- Executive Council official appointed 2009/11/25 Wam
- Border affairs council set up 2009/11/25 Wam
- Ras Al Khaimah pardons 98 prisoners 2009/11/24 Staff Writer
- Woman jailed for 15 months for forgery 2009/11/24 Staff Writer
- Two admit to Dh8,000 fraud by tampering bills 2009/11/24 Staff Writer
- Court hears new testimony in Deyaar case 2009/11/24 Mohammed Elsidafy
- Dubai Press
- Eid Prayers: Mosques and Mussallas
- Colour-coded Waste Bins for Recyclable Materials
- Holidaymakers Advised to be Careful
- Mohammed Orders Release of 427 Prisoners
- Cards Cancelled as Emaar Cracks Down on Defaulters
- Discrimination Can Trigger Depression Among Obese
- Ministry Intensifies Market Inspections to Curb Price Hikes
- Geographic Information System to Manage Projects
- Majida Thrills Packed House
- Trade, Commercial Enterprise Boost UAE-UK Relations , Says Mohammed
- Kippreport
- Will you wear burqa shades? 2009/11/25
- Dubai World asks for debt standstill 2009/11/25
- Dubai raises $5 billion more in bonds 2009/11/25
- Rights body urges Saudi to repeal witchcraft death sentence 2009/11/25
- Flu fears deterring Haj pilgrims 2009/11/25
- Abu Dhabi to curtail residential construction 2009/11/25
- Mubadala gets $1 billion for Zayed University project 2009/11/25
- Bling, bling…Part II 2009/11/25
- Dubai property sales values increase in October 2009/11/24
- Abu Dhabi plans to build largest sports stadium in UAE 2009/11/24
- Arabian Business Dubai
- UAE real estate market has now hit bottom - analysts 2009/11/25
- Abu Dhabi limits construction to avoid housing glut 2009/11/25
- Dubai's Oct property sales value rises by 50% - official 2009/11/24
- Union Properties in talks to sell 50% Emicool stake 2009/11/24
- Developer set to hand over AED1.2bn golf projects in 2010 2009/11/24
- Dubai developers see negative press reports decline 2009/11/22
- Merger technical talks to conclude in a month - Emaar 2009/11/21
- Dubai property market 'may take 10 years to rebound' 2009/11/18
- Qatar house prices set to fall 15% next year 2009/11/17
- Saudi's Tanmiyat eyes projects outside GCC region 2009/11/17
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- Summary 7stars
- Shocking – Dubai`s main investment fund seeks debt payment delay 2009/11/25
- Update : Dubai bonds gained after Sheikh Mohammed reduced of the power of some top executives 2009/11/24
- Dubai – Sheikh Mohammed downgrades prominent figures 2009/11/23
- Dubai property prices may drop as much as 30 percent more 2009/11/19
- Detained in Dubai – Support Group for Dubai Residents and Tourists who find themselves in Hot Water in Dubai 2009/11/18
- Dynasty Zarooni Dubai back in the Headlines – Another crimninal complaint ? 2009/11/16
- Dubai developers Cirrus and Kaizen disappear – Investors worried 2009/11/14
- Jumeirah Lake Towers – One more Dubai Property Disaster – Homes promised in 2007 won`t be ready before 2011 2009/11/13
- Absoulte unhappy Nakheel Propery Buyers – Dubai Jebel Ali Palm complaints investigated 2009/11/12
- Japanese construction companies are facing very serious debt problems as Dubai can’t pay 2009/11/10
- Sheikh Mohammed Ruler of Dubai has told the emirates`s critics to ” Shut Up” 2009/11/10
- Dubai – Sheikh Mohammed`s speech at Bank of America Merill Lynch investment conference 2009/11/09
- Apartment blocks in Dubai are suffering from a lack of confidence in the property market 2009/11/08
- Dubai residents say their water and electricity bills as much as doubled in September 2009/11/08
- Mr. FIX IT in Dubai 2009/11/07
- Dubai Nakheel Palm Jebel Ali Home Buyers stay united 2009/11/06
- Dubai – More than a half million bounced cheques between January and May 2009 2009/11/05
- Dubai Prosecutors will hunt former senior executive of Istithmar World 2009/11/05
- Fraud in Dubai and the Gulf Region – Just the tip of the iceberg 2009/11/04
- Shareholders’ equity of the top 150 Arab banks is just 170 billion dollars – Gulf Banks cannot finance huge projects alone 2009/11/03
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- Recent Comments
- Comment on Property Scandal UAE Al Salam City – Stressed Investors of AL SALAM CITY setup Website by amnaHi. My husband and i have brought a 3 bedroom unit in rainbow towers and have been told that it is no longer going to be completed and that we can be shareholders in the development. We definately do not want to do this, we simply want our money back. Pls contact me with some help/advise as wat to do nxt.amna
- Comment on Jumeirah Beach Residence standoff by BenoitJBR was supposed to be a dream place for me but turnout to be a nightmare due to Dubai Properties bad quality and not finishing the place as it should. This company should not be trusted. SALWAN management company act as they were the owners and we are only tenants. They blackmail us, stop us from going home oblige us to pay expensive SC's for no servic […]Benoit
- Comment on Dark days ahead? – Energy – ArabianBusiness.com – Sent Using Google Toolbar by S K ChaudharyDear Sir, We have invested in some property at South Jumeriah Village . We have taken the property in resale .We have paid to builder almost Riyal Omani 37000 including one broker was also their. The deal was done in 2007.We made payment in December 2007 to builder office and transfer letter was issued by builders office in Dec 2007. Now since 2007 till date […]S K Chaudhary
- Comment on Missing property agent Al Safi Real Estate Dubai by Saddiq ArwanPlease help me contact new manger name stanly 0 5 0 4 4 0 8 6 0 9. please help each other.Saddiq Arwan
- Comment on Videos by LionelI think this website is great...all the bestLionel
- Comment on Al Fajer Properties Case – Zadeh says he’s a victim of a system in which the rulers can manipulate police and the courts to protect their business by DubaianI am surprised that he is still alive.. usually it doesnt go out this far...Dubaian
- Comment on Dynasty Zarooni – Al Fajer Properties -Dubai Property Tycoon Mulchandani Held; $123M Scam Alleged by StarkeI Don?t Usually Reply to Posts But I Will in this Case! Great Site and Informative Post, Thank You!Starke
- Comment on Malika Karoum finally arrested – 28 month imprisonment by JacquesThe NOS News (Dutch TV) about Malika Karoum and the book about her: http://www.youtube.com/watch?v=-4zzUySa4GAJacques
- Comment on Missing property agent Al Safi Real Estate Dubai by safwan adamhi guys i have been trying to get through to RERA but no one helps they are not helpful at all at one point i spoke to a manager there and he said theres nothing we can do if anyone can help me speak to RERA, or any other type of help my number is 00447908535291... or safwanadam @ gmail .com (without the spaces) please do get in contact! has anyone had succe […]safwan adam
- Comment on RERA Dubai – Dubai Property Investor Group Petition – Surprise by Lilouti KhanLike you all, I too paid all the monies my contract said I am to pay, the unit was never finished December of 07 as stated in contract, so far MINc properties have refused to return my monies... Their only explination is " because we can" Simon Everest has never returned any mail or messages, ignor, ignore and the problem will go away or at least t […]Lilouti Khan
- Comment on Missing property agent Al Safi Real Estate Dubai by abudojanaDear Al Safi Victims. Need to hit harder we are all Expats and having uncertainity conditions cant allow Extra time . Need advise from professionals to speed up the Court Process if its in order . KIndly work collectively for a result .abudojana
- Comment on Dubai Jailed Brit mum Marnie Pearce’s ex husband tells her she’ll never see kids again by flatnotesharp87This is not the first hideous and crass terror that Tonya Thompson (the mistress) has induced into family life. My father Kyle married her only to have her manipulate him into using his income for bills while hers was saved. Not to mention her visceral treatment of his children, myself included. My brother and sister dealt with constant selfish power struggl […]flatnotesharp87
- Comment on Missing property agent Al Safi Real Estate Dubai by werdna1I have a case also on Hamed Mohamed Saeed Mohamed. The public prosecutions case sentenced him for 3 months. He appealed this and it has been pushed into the Supreme Courts. This weekend my lawyer is preparing a statement regarding the appeal. This blog has been very helpful and if others effected by these group can keep up dating on there situation that woul […]werdna1
- Comment on Nakheel Dubai Government controlled developer presses buyers for cash by RammyNakheel Should come clean with the hard working investors who made it what it currently is. They should announce and without delay the Indeed they have canceled the Badrah II project, cause no way they will complete it in by end of 2011 and they can not extend the delivery any further. So all they are doing is frustrating the investors and trying to push the […]Rammy
- Comment on Dubai Court Know How – Litigation and dispute resolution in the UAE: better the devil you know? Not always by fabian sommarivaI have a case where we provided a service (recruitment) and the client refuses to pay the debt. The service was provided in Singapore and the value of the debt is $36k SD. Im concerned with feedback that I have recieved which suggests that it could take up to a year for the matter to be formally heard in the Dubai courts. Are you able to provide some guidanc […]fabian sommariva
- Comment on ACI Dubai : The Fizzling ACI Towers from Boris Becker, Niki Lauda and Michael Schumacher by offshoretrusteesREQUEST FOR CONTACTS The press releases in Germany did lead to an enourmous media recognition. Actually, we have a request from one of Germany's most serious TV Magazines. They are planning to come to Dubai, looking especially for "ACI victims" here. Thus, we are looking for a) unit buyers with running cases, b) suppliers running behind their […]offshoretrustees
- Comment on German Developer ACI Real Estate Dubai under investigation from RERA Dubai by Trustee18.06.2009 - The Fizzling ACI Towers from Boris Becker, Niki Lauda and Michael Schumacher Souce: GoMoPa Berlin Alternative Capital Invest (ACI), Germany‘s first and biggest mover in offerings of property investments funds in Dubai, went now in a sorrowing financial swirl. Senior head Uwe Lohmann (64) has to fear meanwhile daily that his son and head of Dubai […]Trustee
- Comment on Missing property agent Al Safi Real Estate Dubai by EdgarI have opened a criminal case against Al Safi and its Managing Director. Was called by the Police that he is blacklisted. However all nice and well, this doesn't bring my money back. I'm still tracing the owner and officially the company still exist. The Emirati sponsor name is Hamad Mohm Saeed and his mobile should be 050-.... but don't worry […]Edgar
- Comment on Al Fajer Properties – Angry International Investors Demand Investigation in $630 Million Dubai Real Estate Scandal by AFPMaktVictimAFP : dont call this Initial longer Al Fajer Properties Sheikh Maktoum Hasher Maktoum has created a new meaning of the Initial A F P: From NOW please call it ONLY: Alternative FRAUD PropertiesAFPMaktVictim
- Comment on Al Fajer Properties – Angry International Investors Demand Investigation in $630 Million Dubai Real Estate Scandal by Diana H.Al Fajer management lead by Sheikh Maktoum Hasher Al Maktoum continues to lie about the misleading fake photographs, about the embezzelment of AED200 Million from the construction money into Dynasty Zarooni accounts, the non existing area of 250,000 square feet. i agree with Khalid Malta about Sheikh Maktoum Hasher's dirty tactics , but it will not get […]Diana H.
- Comment on Property Scandal UAE Al Salam City – Stressed Investors of AL SALAM CITY setup Website by amna
