Dubai UAE News from the Press Property Market Disaster and More

  • May 2010
    M T W T F S S
    « Apr   Jun »
  • Middle East Unrest Update

  • Talk of the Town

    Jo Hopworth on Justice For Natalie – Na…
    Mariam on Criminal Complaint filed in Ge…
    Martin Kraeter on ACI Dubai Funds filed bankrupt…
    Independent Observer on Iranian’s lawsuit reveals roya…
    Rado on DubaiTouristen landen schnell…
    Dubai Citizen on Al Fajer Properties Case…
    Dane on Outlook in concrete- Dubai Wor…
    jamesl fayad on RERA Dubai – Dubai Prope…
    Jacques on Malika Karoum finally arrested…
    James Brown on ACI – Alternative Capita…
    Journalist on Al Fajer Properties-500 Invest…
    ron oakeley on ACI – Alternative Capita…
    Benson Fu on Shahram Zadeh against Al Fajer…
    Monika on RERA – Dubai mulls cance…
    Ali Varahram on Shahram Zadeh against Al Fajer…
  • Top Rated Comments

  • Top Posts

  • RSS Dubai United Arab Emirates Property Real Estate Debt Fraud Developer Investor Court News

    • Criminal Complaint filed against Al Fajer Properties Sheikh Maktoum
      Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties The Dubai Sheikh who mislead and extort a German Couple  Germany – Dubai 2011 A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residen […]
    • UAE: Human Rights Blogger, Sorbonne Lecturer Charged With ‘Humiliating' Officials
      source Human Rights Watch www.hrw.org (Beirut) - The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE governmen […]
    • Nakheel Dubai Sunland Case
      June 5, 2011After 21 hearings, Chris O'Donnell, the Australian chief executive of Dubai's major developer, Nakheel, came to the defence of his former colleagues Matthew Joyce and Marcus Lee. Mr Joyce and Mr Lee are accused of profiting from the sale of land that had been earmarked for a colossal high-rise development, which was to include the futur […]
    • Dubai Nakheel CEO decided to leave the company
      Dubai June 7, 2011 Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added. O'Donnell has overseen a traumatic time […]
    • Owner of Dubai Developer Damac Hussain Sajwani files case against Egypt corruption ruling
      Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute and the conviction of its chairman and owner, Hussain Sajwani.A Cairo court last week sentenced Sajwani in his absence to jail and ordered him to pay a $40.5 million fine in connection with his 2006 purchase of land at Egypt's […]
    • Dubai Palm Jumeriah - Investors plan to take legal action
      Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve the developer behind the project with a legal ultimatum to hand over their units or issue them with a refund.Up to ten investors in the luxury complex plan to issue Souq Residences with legal notice in a bid to force a resolution to a dispute that has been ongoing for more than a yea […]
  • Top Rated Posts

    • 414,065 visitors 2010
  • Disclaimer 7 Stars Dubai

    This Website of the Blog 7starsdubai.wordpress.com and 7starsdubai.com content still existing media releases and comments from reputated press and websites only. The content of this Website focus to consumer protection for Investors of the Dubai Property market, the UAE and the Middle East. Press Article from the international Press who report about Fraud in relation with Property Investment and Real Estate Developer Investor Disputes in Dubai and the UAE as well reports from the Press about other criiminal acts and Civil Real Estate cases, Lawsuits before the Court in Dubai, the UAE or other countries. Furtheron we show reports about consumer protection and human rights in the Middle East. Actual Topics about the Unrest in Middle East. The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this site does not constitute advice or a recommendation by us.Communications and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Web site. We can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on this Web site nor do opinions of contributors necessarily reflect those of us.In no event shall we be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to this Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise. Comment Rules: Although the administrators and moderators of 7starsdubai.com will attempt to keep all objectionable comments off this Blog, it is impossible for us to review all comments . All messages express the views of the author, and neither the owners of this Blog, nor the administrator of this Blog will be held responsible for the content of any message, comment. By agreeing to these rules, you warrant that you will not post any messages that are obscene, vulgar, hateful, threatening, or otherwise violative of any laws. The adminstrator of this Blog reserve the right to remove, edit, move or close any comment (message) for any reason This Blog content still existing media releases and comments from websites only. The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of this site does not constitute advice or a recommendation by us.Communications and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this Blog. We can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on this Web site nor do opinions of contributors necessarily reflect those of us.In no event shall we be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to this Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise. Copyright: The copyright to the text of the blog is held by the author or link as source provided, where applicable. All images displayed are copyright their respective owners and are used either under licence or under the fair use provisions of international copyright law. The information contained in this Web site is for general guidance on matters of interest only. The application and impact of laws can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this site. Accordingly, the information on this site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult the administrator of this website. While we have made every attempt to ensure that the information contained in this site has been obtained from reliable sources, 7starsdubai.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this site is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will 7starsdubai its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this site or for any consequential, special or similar damages, even if advised of the possibility of such damages. Certain links in the Web site connect to other sites maintained by third parties that may or may not be presented within a frame on the Web site. 7starsdubai.com has not verified the contents of such third party sites and does not endorse, warrant, promote or recommend any services or products, that may be provided or accessed through them or any person or body which may provide them. 7starsdubai.com has not issued or caused to be issued any advertisements which may appear on these Web sites. We do not review, monitor or endorse any third party web sites linked to Our Site and We are not responsible for the content of any web site linked to Our Site. Your access to any web site that links to Our Site is at your sole risk. We are not responsible for the information, material, products, or services contained on or accessible through such other web sites and will not be liable for any form of loss or damage arising as a result of or in connection with your visits to such web sites. Any links to other web sites are provided merely for the convenience of the users of this Site and the inclusion of these links does not imply an endorsement of the linked web sites or the content therein. In addition, you agree not to link your web site or any other third party web site to Our Site or frame Our Site as part of any other web site without Our express prior written consent. We reserve the right, at any time and for any reason not prohibited by law, to deny permission to anyone to link a web site to, or frame, Our Site. We reserve the right to withdraw Our consent at any time to a link to, or framing of, Our Site at Our sole discretion without notice. Your use of this Site and the operation of these Terms and Conditions shall be governed by and construed in accordance with the laws and regulations of and applicable in Germany You agree, acknowledge, and submit to the Court in Germany having non-exclusive jurisdiction over all and any dispute or difference between us arising out of or in connection with this Agreement. Please review these Terms and Conditions carefully before using this Site. Your use of this Site indicates your irrevocable agreement to be bound by these Terms and Conditions (as may be amended by Us from time to time). If you do not agree to be bound by these Terms and Conditions please stop accessing and using this Site immediately. Warning: We are aware that several times Cybercriminals mirrowed our Website and posted on several Forums, Website comments by misuse of our email adresses. These Cybercriminals registerd several similar looking Domains and installed several 1:1 mirrowed Websites which look like our Website 7starsdubai. We have already taken the necessary steps by filing criminal complaints against the Individuals behind this Identity theft an Cybercrime, by misusing fraudulently our Blog Identity 7starsdubai. In Search engines like Google, Yahoo, Bling and others you should always take a close view to the links. If this links do not originaly start with www.7starsdubai.com or http://7starsdubai.worpress.com/.... you will end on a faked mirrowed modificated Website. The genral Background of this Cybercriminals is a Stalking and Smear campaign, faking stories for their personal use, to discriminate Persons with the goal to destroy their reputation.
  • RSS ZDF Heute Germany

    • Untitled
    • Gedenken im Schatten der Weltpolitik
      70 Jahre Auschwitz-BefreiungProminente Gästeliste beim Gedenken in Auschwitz. Einer fehlte: Wladimir Putin. Das Gedenken wurde überdeckt vom aktuellen politischen Streit. Wollte er nicht oder durfte er nicht? Auf jeden Fall war er im Jüdischen Museum in Moskau - und würdigte die Rolle der Roten Armee bei der Befreiung von Auschwitz.Video Ohne Putin: Auschwit […]
    • "Plötzlich wurden alle Geschichten lebendig"
      Kinder von Holocaust-ÜberlebendenDorit Sodowsky ist ein unglaublich heiterer Mensch. Sie reist gerne und hält alle Erlebnisse mit dem Fotoapparat fest. Doch in ihrem Leben gibt es einen riesigen Schatten, einen Schatten der Kindheit. Dorit Sodowskys Eltern sind Holocaustüberlebende.Video Trauma der zweiten GenerationVideo Dorit Sodowsky über ihr LebenInterak […]
    • Fotografien gegen das Vergessen
      Vor 70 Jahren: Befreiung von AuschwitzEin Fund von historischer Tragweite: Die ungarische Jüdin Lili Jacob findet 1945 kurz vor Ende des Zweiten Weltkrieges ein Fotoalbum mit seltenen Bildern aus Auschwitz. Auf den Fotos entdeckt sie ihre Brüder, ihre Großeltern – und auch sich selbst.Interaktiv "Das Auschwitz-Album"Infografik Die Opfer von Auschwi […]
    • Merkels Machtverlust
      Ende der Sparpolitik?Für Angela Merkel ist die Wahl in Griechenland eine Niederlage. Ihre Sparpolitik - in Griechenland findet sie keine Mehrheit mehr. Und auch in Frankreich und Spanien regt sich Widerstand an ihrem Sparkurs. Bröckelt Merkels Macht von Europa aus?Video Alexis Tsipras gewinnt die WahlVideo EU-Spitzen gegen SchuldenerlassVideo ZDFspezial Sieg […]
    • Neue griechische Minister fordern Schuldenschnitt
      Regierungsbildung in AthenPolitik im Rekordtempo: Nur zwei Tage nach der Parlamentswahl steht die neue griechische Regierung. Ministerpräsident Tsipras gab zwei scharfen Kritikern der Sparpolitik die Zuständigkeit für Finanzen - und beide wollen, was die EU-Partner verhindern wollen: einen Schuldenschnitt.Video ZDFspezial Sieg für SyrizaVideo Was will die li […]
    • Rost, Schimmel und Möbel von 1972
      Zustand der BundeswehrDie Bundeswehr quietscht. Marode Kasernen, kaputtes Gerät und zu viel Arbeit. Kein gutes Bild, das der Wehrbeauftragte von der Truppe zeichnet. Die Ministerin bemühe sich, die Mängel zu beheben, erkennt Helmut Königshaus an. "Wir brauchen einen langen Atem“, wirbt Ursula von der Leyen um Verständnis.Video Truppenbesuch in Afghanist […]
    • Regierung fordert mehr Geld für Altenpfleger
      PflegenotstandPflege in Not. Die Regierung will die Pflegeversicherung neu ausrichten. Auch die schlechte Bezahlung vieler Pfleger soll verbessert und die Ausbildung vereinheitlicht werden. Außerdem soll es künftig statt drei Pflegestufen fünf Pflegegrade geben.Video Lohngefälle in der KrankenpflegeGrafik Pflege am FließbandVideo ZDFzoom: Auf Kosten der Alte […]
    • Zum Bankautomat? Nur mit Passierschein
      Not in der OstukraineDauerbeschuss, zerstörte Häuser, Kälte. Der Ukraine-Konflikt trifft vor allem die einfachen Menschen. In der Ostukraine hausen viele in Ruinen. Um zum nächsten Bankautomat zu kommen, brauchen sie nun Passierscheine. Auf der Notlage der einen basiert das Geschäftmodell der anderen.Video Alltag in der OstukraineVideo Ukraine-Krise: Merkel […]
    • Streit über den Preis der guten Tat
      Globale Impfallianz GAVIIn Berlin sammelt die globale Impf-Allianz "GAVI" Milliarden, um Kinder in den ärmsten Ländern der Welt zu schützen. Doch "Ärzte ohne Grenzen" klagt über viel zu teure Impfstoffpreise und fordert von Kanzlerin Merkel Druck auf die Pharmaindustrie.Video Kleiner Piks: Nicht unumstrittenVideo Impfen - nein danke?
    • Gentechnik durch die Hintertür
      TTIP und LebensmittelMehr als 70 Prozent der deutschen Verbraucher lehnen laut einer Umfrage gentechnisch verändertes Essen ab. Da kommen Versprechen der deutschen Politik gut an, künftig für striktere Standards für Gentechnik einzutreten. Doch tun sie das wirklich?Video Gentechnik durch die HintertürVideo Freier Handel durch TTIP?Video TTIP: "Jahr der […]
    • Neureuther wird Dritter in Schladming
      Ski Alpin | SlalomFelix Neureuther hat im letzten Rennen vor der WM noch einmal ein Ausrufezeichen gesetzt. Der 30-Jährige fuhr beim Weltcup-Slalom im Hexenkessel von Schladming auf einen starken dritten Platz. Den Sieg holte der Russe Alexander Choroschilow.Bild Felix Neureuther
    • Aufsichtsratchefin Schwedler - Zwischen Pyro und Kommerz
      Aufsichtsratchefin des FC St. PauliSandra Schwedler ist nicht nur die erste Frau, die an die Spitze des Aufsichtsrats eines deutschen Profiklubs im Männerfußball gewählt wurde. Ungewöhnlich für diesen Posten ist auch ihre Geschichte als Kämpferin für Fanrechte. Mit ihren Positionen zu Pyro und Kommerz wird sie die Fußball-Branche bereichern.
    • Spielzeug: Was Eltern wollen, was Kinder wollen
      Nürnberger SpielwarenmesseKreativität fördern, ein kleiner Wissenschaftler sein - derlei steht auf dem Plan der Nürnberger Spielwarenmesse. Klingt pädagogisch prima. Und die Kinder? Wollen mitunter gar nicht so spielen, wie Eltern es sich wünschen. Psychologe Andreas Engel erklärt im heute.de-Interview, warum.Bilderserie Wie's Kinder gerne hättenVideo D […]
    • Untitled
    • Apple stellt neuen Gewinnrekord für Quartal auf: 18 Milliarden Dollar
      27.01.15 23:17 | Der Erfolg des iPhone 6 hat Apple Rekordzahlen im Weihnachtsgeschäft beschert. Der Gewinn im vergangenen Vierteljahr erreichte 18 Milliarden Dollar - soviel hat noch kein US-Unternehmen in einem Quartal verdient. Für Apple war das ein Sprung von über 38 Prozent im Jahresvergleich. Der Konzern verkaufte 74,5 Millionen iPhones -nach 51 Million […]
    • Yahoo will Alibaba-Anteil in Investmentfirma ausgliedern
      27.01.15 23:06 | Yahoo will seinen restlichen milliardenschweren Anteil an dem chinesischen Online-Händler Alibaba abstoßen, ohne Steuern zahlen zu müssen. Die 15-prozentige Beteiligung soll in eine neu zu gründende, unabhängige Investmentgesellschaft ausgegliedert werden, teilte der Internet-Pionier mit. Der Alibaba-Anteil wird derzeit mit rund 40 Milliarde […]
    • Union will Dokumentationspflichten bei Mindestlohn abschwächen
      27.01.15 22:45 | Die Unionsfraktion will das Mindestlohn-Gesetz durch eine Abschwächung von Dokumentationspflichten korrigieren. Die jetzige Schwelle für den Nachweis der Arbeitszeit der Mitarbeiter bis zu einem Gehalt von 2.958 Euro soll auf 1.900 Euro herabgesetzt werden. Für geringfügig Beschäftigte soll die Dokumentationspflicht abgeschafft werden, wenn […]
    • Dänemark: Einigung über Antiterrorplan
      27.01.15 22:13 | Das dänische Parlament hat sich auf einen neuen Antiterrorplan geeinigt. Damit wollen die Dänen vor allem verhindern, dass junge Menschen sich radikalisieren und etwa für die IS-Terrormiliz in den Krieg ziehen. Heimkehrer sollen Angebote erhalten, um radikale Kreisen zu verlassen. Unter anderem soll ein Zentrum für junge Menschen entstehen, […]
    • ICE-Fahrgäste sitzen zwei Stunden vor Frankfurt/Main Hbf fest
      27.01.15 21:38 | Ein ICE hat am Dienstagabend bei der Einfahrt in den Frankfurter Hauptbahnhof 100 Meter der Oberleitung heruntergerissen. Etwa 150 Passagiere mussten deshalb ungefähr zwei Stunden in dem stehenden Zug ausharren. Verletzt wurde niemand. Die Ursache des technischen Defekts war zunächst unklar. Aus Sicherheitsgründen konnten die Passagiere nich […]

Dubai Property Court Disaster – Four Judges and over 1000 cases

Posted by 7starsdubai on May 24, 2010

source The National
Heavy workland of Justice

The hearing begins and a few words and papers are exchanged between the judge and the lawyers representing each side.

Within minutes, it is all over. Claimants and defendants are quickly ushered out of the courtroom as their respective lawyers whisper a roughly translated version of the judge’s ruling. Moments later, the next case begins.

Welcome to Dubai’s Property Court, a division of the emirate’s legal system that has been dealing with the fallout of its property crisis since September 2008.

As case files spill out of a room one floor down from the court, officials decline to reveal how many property disputes are under way or pending. A clerk in charge of registering cases hints that the figure may be in the “thousands”.

“We are overwhelmed … it is too much work,” says the clerk, who does not want to be named. “Some cases are small, some are big. People should try and settle with the developer as they will spend more bringing the problem here.”

Just a few months after it opened in 2008, the Property Court had a mammoth challenge on its hands after the property downturn.

The court is a “work in progress”, says Dr Jamal Alsumaiti, the director general of the Dubai Judicial Institute. “You can see there’s movement from the government for regulation and for developing the judicial system as well … it’s a very critical period.”

Ron Oakeley is more than familiar with the Property Court, and the huge investment of money and time that come with a lawsuit.
The British businessman, who has been in Dubai since 1985, is about to attend his 15th hearing in a case filed more than a year ago against Alternative Capital Investment (ACI), a German developer.

Mr Oakeley is trying to recover more than Dh1.2 million (US$327,000) he spent on two offices at ACI’s long-delayed Niki Lauda Twin Towers, one of a trio of projects launched in late 2007.

His efforts, in part, paid off in February when the court rendered his agreement with ACI for one of the units “void” and ordered the company to repay him Dh569,585, plus 5 per cent interest from the date he started proceedings.

The court ruled for Mr Oakeley because ACI had failed to register the property with Dubai’s Land Department, according to court documents. A property contract is valid only when it is registered with the department.

But Mr Oakeley lost the case for the second unit, which cost Dh695,000, because the court found that the property had been registered, although it has since emerged it was under somebody else’s name.

ACI was quick to appeal the decision on the first unit. At yesterday’s hearing, the court decided to appoint an official to check on construction progress at the site, which appears to be at a standstill.

If there is still no conclusion at the next hearing, scheduled for June 23, then the case could go to the Court of Cassation, the final stage in the judicial process.

Mr Oakeley is one of dozens of investors with suits against ACI. He says it has so far cost Dh400,000, including fees and the cost of lawyers. But with the project showing little sign of progressing, he says he has no choice but to fight on.

“It’s the principle … most people can’t afford to keep fighting,” he says. “Unlike elsewhere in the world, you’ve got to spend so much more money to get your rights.

There are hundreds of other projects in the same boat but nobody seems to be helping the people.”

Robin Lohmann, the chief executive of ACI, was unavailable for comment in the past two days.

Property disputes are generally filtered through the Dubai Land Department, where the department’s legal team tried to resolve them before they reach a courtroom.

While there is a surge in the number of investors turning to the department after the financial crisis, fewer people are approaching it today, says Mohammed Sultan Thani, the assistant director general of the Land Department.

“We are now seeing a lot of agreements between the buyer and seller,” Mr Thani adds. “There’s been a lot of movement of buyers between a project that hasn’t started to one that has.”

Since the Property Court is costly, it has mainly been used by major investors such as Mr Oakeley, who have the funds to pursue a case.

It costs Dh30,000 to register each case with the court, so if an investor has bought 10 apartments from one developer, simply lodging the dispute will cost Dh300,000.

As well, all cases require a local lawyer, who will charge a commission of up to 5 per cent of what the client is claiming. The proceedings are in Arabic so a claimant would have to pay for the translation of court documents as required.

“For an investor contemplating filing a legal case against a developer, it is advisable to first seek consultation with a lawyer who can advise whether filing a case makes sense based on the circumstances,” says Ludmila Yamalova, a partner at Al Sayyah Advocates and Legal Consultants.

Some cases have been settled out of court, Ms Yamalova adds, with developers agreeing to reimburse claimants in instalments.

With just four judges at the Property Court, cases can be long. But more than 18 months after it was established, steps are being taken to refine the system, says Dr Alsumaiti – a move that will likely boost confidence among investors.

Four judges are not enough,” he says. “The concept of having a specialised property court isn’t new but the implementation is. The judges need to have the skills and knowledge to understand every single detail of a case. As long has you have provisions to speed up your procedures, you have a very strong legal system.”

About these ads

Sorry, the comment form is closed at this time.

%d bloggers like this: