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Archive for February 22nd, 2009

The Network of Hasher Al Maktoum bin Juma AL Maktoum – Owner Al Fajer Group – or why is Al Fajer Properties an untouchable developer in Dubai

Posted by 7starsdubai on 2009/02/22

hasher-maktoum-bin-juma-al-maktoum

Hasher Maktoum bin Juma Al Maktoum owner of Al Fajer Group in Dubai is:

Board Member of the Dubai Executive Council whos members are:

http://www.arabdecision.org/show_func_3_12_5_0_5_9305.htm

http://www.arabdecision.org/list_cvs_3_12_5_0_5_10165.htm

Dubai Executive Council

Hasher Maktoum bin Juma Al Maktoum owner of Al Fajer Group in Dubai is:

Director of  Dubai Information Department

http://www.arabdecision.org/show_func_3_12_5_0_5_7454.htm#detail

  • Dubai Information Department    (Show Institution Details)
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    and the reponsible editor chief of AL Bayan Newspaper – Government of Dubai

    and last but nit least

    the chairman of Tennis Emirates

    http://www.tennisemirates.ae/pages/Home_page.php

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    Posted in Dubai, Dynasty Zarooni, Ebony Ivory Tower Jumeirah Lake Towers, Flip and Buy, Jumeirah Business Centre Al Fajer, Property crisis UAE, Property scandal Dubai, Sheikh Maktoum Hasher Maktoum Al Maktoum | Tagged: , , , | 2 Comments »

    RERA Dubai – Dubai Property Investor Group Petition – Surprise

    Posted by 7starsdubai on 2009/02/22

    http://www.thenational.ae/article/20090222/BUSINESS/942576581/1051/rss

    DUBAI
    The Real Estate Regulatory Authority (RERA) and a group of private property investors will combine to create an investor’s advisory panel that will provide feedback to the Government as it tries to resolve disputes.

    Marwan bin Ghalita, the chief executive of RERA, agreed to the plan during a meeting with the Dubai Property Investors Group, a coalition of more than 350 investors that was formed after sales began to slow last year. Group members say they are concerned about the safety of their investments and ability to get their money back if a developer cancels a project or refuses to start construction.

    “We want to protect the real estate investors,” Mr Ghalita said. “We are studying project by project… Once we have enough information about a project, we will intervene as a regulator.”

    Ludmila Yamalova, a lawyer with MAC Davidson & Associates and a member of the investors group, said she was encouraged by the meeting with Mr Ghalita.

    “Until today’s meeting, we felt that the Government was in denial,” she said. “But he was very welcoming to investors. He said we all made mistakes, investors and developers. Now we need to solve the problems and move forward.”

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    Posted in Dubai, Property Scandals UAE, Property crisis UAE, Property scandal Dubai, Rera property laws Dubai, Sales Purchase Agreements | Tagged: , , | 7 Comments »