7StarsDubai

Dubai UAE News from the Press Property Market Disaster and More

  • September 2014
    M T W T F S S
    « Aug    
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
  • 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

    • 399,159 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
    • Die AfD pflügt die politische Landschaft um
      Wahlerfolg in Brandenburg und ThüringenEine Partei, die aus dem Nichts kommt und in drei Wahlen hintereinander um die zehn Prozent einfährt, pflügt die politische Landschaft um. Das ist der Alternative für Deutschland (AfD) gelungen und zwingt somit die Parteien zum Nachdenken.Video "AfD hat Berlin etwas aufgerüttelt"Video Korte: "AfD ist Unmu […]
    • CDU will weiter regieren - und wirbt um die Grünen
      Nach Landtagswahl in ThüringenRot-Rot-Grün oder Schwarz-Rot? Thüringen steht vor einer schwierigen Regierungsbildung. Auch wenn CDU und die Linke sich als Wahlsieger sehen, wirklich feiern kann keiner. Die CDU wirbt auch um die Grünen, um die knappe Mehrheit einer großen Koalition zu erweitern.Video Wahlen: Reaktionen aus Berlin Video SPD als KönigsmacherVid […]
    • Landtagswahl in Thüringen
      Die neuen Landtage sind gewählt, jetzt läuft die Regierungssuche.
    • Ergebnisse aus Erfurt
      Die neuen Landtage sind gewählt, jetzt läuft die Regierungssuche.
    • Landtagswahl in Brandenburg
      Die neuen Landtage sind gewählt, jetzt läuft die Regierungssuche.
    • Ergebnisse aus Potsdam
      Die neuen Landtage sind gewählt, jetzt läuft die Regierungssuche.
    • Lufthansa-Piloten sagen Streik ab
      Tarifstreit bei LufthansaFluggäste können aufatmen: Erst kündigen die Piloten für Dienstag einen Streik bei der Lufthansa an, dann blasen sie ihn wieder ab. Grund der Kehrtwende sei ein neues Angebot der Lufthansa, so die Pilotengewerkschaft Cockpit am Abend.Video Streik in München beendetVideo Piloten: Elite der LüfteVideo Lufthansas neue Strategie
    • Gericht erlaubt aktive Sterbehilfe für Häftling
      BelgienDer belgische Häftling Frank Van Den Bleeken darf sich das Leben nehmen. Begründung: Er leidet an "unerträglichen psychischen Schmerzen" und das Gefängnis kann eine Therapie nicht gewährleisten. Jetzt darf er in Anwesenheit seiner Familie sterben.Video Sterbehilfe für HäftlingVideo Wie weit dürfen Ärzte gehen?Video "Gebot der Menschenwü […]
    • Knapp 30 Länder unterstützen Kampf gegen IS-Terror
      Internationale Konferenz in ParisDiplomaten aus aller Welt haben auf der Irak-Konferenz in Paris über weitere Schritte im Kampf gegen die IS-Terrormiliz verhandelt. Dabei sagten knapp 30 Staaten ihre Unterstüzung zu: Der Irak soll "mit allen notwendigen Mitteln" unterstützt werden - "einschließlich militärischer Hilfe".Video International […]
    • Netflix-Start: Einfach wird's nicht
      Jetzt auch in DeutschlandDie Videodienst Netflix hat in den USA mehr Zuschauer als jeder TV-Anbieter und ist weltweit Marktführer in Sachen Video on Demand. Heute geht das Schwergewicht in Deutschland an den Start - muss sich gegen die Konkurrenz allerdings erst behaupten.Video Videotheken im CheckVideo Was bietet Netflix?
    • HSV entlässt Trainer Slomka
      Fußball | Bundesliga Eine Schonfrist bekam Mirko Slomka nicht beim HSV: Nach der 0:2-Niederlage in Hannover war Schluss für den Fußballlehrer. Nun will Vorstandschef Beiersdorfer schnell einen Nachfolger präsentieren, der am Samstag gegen die Bayern auf der Bank sitzt.Liveticker Alle Spiele, alle ToreInteraktiv Tippcenter
    • Jobmarkt Ost: Blüht's?
      25 Jahre nach dem MauerfallDie gute Nachricht: Auf dem ostdeutschen Arbeitsmarkt sieht es besser aus als noch nach dem Mauerfall vor 25 Jahren. Die weniger gute: Beim Lohnniveau hinkt der Osten hinterher. Wie die Politik positiv auf den Ost-Arbeitsmarkt einwirken könnte, erklärt Arbeitsmarktsexperte Uwe Blien im heute.de-Interview.Interaktiv Arbeitsmarkt-Sca […]
    • Microsoft zahlt Milliarden für "Minecraft"-Firma
      Milliarden-Deal in der SpielebrancheDas Spiel "Minecraft" mit seinen Klötzchenwelten hat Millionen Fans auf der ganzen Welt. Für 2,5 Milliarden Dollar ist Microsoft jetzt der neue Besitzer. Der Konzern setzt große Hoffnungen in den Kauf, Kritiker sind verwundert.Video Der Traum vom großen GeldVideo Leben am ExistenzminimumVideo Wie geteilt ist Deut […]
    • Kicken für Strom
      Fußballfeld in Rio de JaneiroIn der Favela Morro da Mineira produzieren Fußballspieler ihren eigenen Strom: Die Bewegung der Spieler wird in Licht umgewandelt. Wenn die Spieler nicht laufen, sehen die Fans also doppelt schwarz. Der Fußballplatz in Rio ist der erste der Welt, der mittels der Energie der Spieler beleuchtet wird.Video Kicken für StromVideo auße […]
    • heute1914 - alle Infos
      Wie kam es zum Ersten Weltkrieg? Wie war das Lebensgefühl vor genau 100 Jahren? Moderne Nachrichten aus der Vergangenheit.
    • 1914 - der Weg ins Verderben
      Wie kam es zum Ersten Weltkrieg? Wie war das Lebensgefühl vor genau 100 Jahren? Moderne Nachrichten aus der Vergangenheit.
    • 100 Jahre Erster Weltkrieg
      Wie kam es zum Ersten Weltkrieg? Wie war das Lebensgefühl vor genau 100 Jahren? Moderne Nachrichten aus der Vergangenheit.
    • 100 Jahre Erster Weltkrieg
      Wie kam es zum Ersten Weltkrieg? Wie war das Lebensgefühl vor genau 100 Jahren? Moderne Nachrichten aus der Vergangenheit.
    • Chronologie des Krieges
      Wie kam es zum Ersten Weltkrieg? Wie war das Lebensgefühl vor genau 100 Jahren? Moderne Nachrichten aus der Vergangenheit.

Archive for the ‘Dubai Properties’ Category

Sheikh Maktoum Hasher admits slowdown hasn’t been easy for anyone

Posted by 7starsdubai on December 1, 2010


Sheikh Maktoum Hasher Maktoum admitted that the slowdown hasn’t been easy for anyone in Dubai property, even Al Fajer Properties, which he said had seen a high default rate on some of its buildings.

We shifted our customers from five buildings into 2.5 buildings – which means cheaper service charges for everyone,” he said.

The other two buildings (Jumeriah Business Centre) , we’re looking at shutting them down until someone buys us out,” the website reported.

source Emirates Business 247

read also…..

Criminal Complaint filed against Al Fajer Properties CEO Maktoum Hasher Maktoum

Al Fajer Propreties CEO Sheikh Maktoum committed a Fraud. He suggested a German couple to devliever them an Apartment in a Residential Tower on Plot H3 in Jumeirah Lake Towers, but in reality he never panned to built this Tower as a Residential Building. Sheikh Maktoum mislead the German couple until end 2008. It was uncovered that Sheikh Maktoum alsready in March 2008 sold all Units on Plot H3 as commercial offices, the Tower is named today Jumeirah Business Centre 8 ( or also known as Ebony Ivory Towers)

After have been mislead, deprived of their property rights by illegal actions and extortion  ,financial and mental extremely damaged by receiving several threats from Al Fajer Properties since 2008 upon 2009,  a criminal complaint was filed in Germany already in August  2009 against the CEO and President of Al Fajer Properties, Maktoum Hasher Maktoum Juma Al Maktoum. The witness hearings and investigations in Germany are still going on. I can be assumed that Maktoum Hasher Maktoum also mislead his lawyers during the period on which he used them for correspondence to commit this fraud.

Several attempts to end the case by paying the debts failed, correspondence sent to Al Fajer Properties from December 2011 to March 2012 , remain unanswered. No doubt Al Fajer Properties is in full legal obligations to pay this debts to the couple , Al Fajer Properties CEO Sheikh Maktoum Hasher Maktoum prefer to remain silent.

Details

Posted in Al Fajer Properties, Dubai Properties, Jumeirah Business Centre, Sheikh Maktoum Al Maktoum | Tagged: , , | Comments Off

Dubai seize properties from off-plan investors

Posted by 7starsdubai on May 5, 2010


original published The National – Angela Giuffrida Dubai-  Abu Dhabi 25 April

The Dubai Land Department may begin seizing off-plan properties whose owners are in default.

The authority has started notifying investors who have defaulted that if they fail to make their outstanding payments within two weeks that 40 per cent of any money they have paid so far will be confiscated, and the properties will be sold at auction.

The confiscated money, along with any profits from the auctions, will be handed over to the developers. The rule applies to projects that are 80 per cent or more complete.

The move, according to Mohammed Sultan Thani, the department’s assistant director general, is intended to spur the completion of unfinished projects. “The idea is to see what we can do before the property is cancelled,” he said.

During the property boom, many developers depended on the off-plan model, whereby a property is sold before building work starts to provide finance for construction. Many analysts say the model fuels speculative buying and inflates prices.

A number of developers, including Kuwait’s Al Mazaya Real Estate, which has eight projects in Dubai, have had such cancellation notices issued to investors.

Omar Ramaznouf, a Russian investor who has so far paid Dh10 million (US$2.7m), 60 per cent of the total price, towards 16 office units at Mazaya Business Tower in Jumeirah Lake Towers, recently received one of the Land Department’s notices.

Mr Ramaznouf, who has not made any payments on his development since December 2008, was told in the letter that the developer would be allowed to “sell the related unit[s] by auction in conformity with common regulations, and with the price asked for by the developer in addition to expenses”, unless he paid the next 20 per cent instalment within two weeks.

The final instalment is due when the properties are handed over.

Mr Ramaznouf said he has been unable to pay some instalments because of “cash-flow problems” brought on by the financial crisis. He has been trying to extend his payment plan with Al Mazaya, according to Medhi Guliyev, his business partner.

“But now he’s being told ‘you don’t own this property anymore,’” said Mr Guliyev.

George Ezman, a businessman from the Czech Republic who bought several office units in Jumeirah Business Centre 5, a project by the Dubai developer Al Fajer Properties, has received a similar notice. He has paid 30 per cent of the total cost and is due to pay the remainder on completion.

Mr Ezman complained, however, that the developer breached its agreement by delivering the property more than a year late.

He said that, according to his contract, he had the right to cancel the contract and receive a refund if the property was late.

The building was supposed to be finished in 2008, he said. “I’m not paying any more because the agreement to cancel our contract and get a refund has been ignored. This, along with the fact that they can take our money and keep our property, is insane.”

Spokesmen for Al Mazaya and Al Fajer were unavailable for comment yesterday.

Lawyers working for investors such as Mr Ezman say that while the Land Department can issue cancellation notices, a property agreement can only be officially cancelled by the courts.

Mr Thani said the authority had yet to auction any properties and did not believe there would be many such cases. “Very few people will opt for not completing payments if the building is almost ready.”

Posted in Al Fajer Properties, Dubai, Dubai Legal - Real Estate Lawsuits, Dubai Properties, Real Estate Scandal Dubai, Rera Dubai, Sheikh Maktoum Al Maktoum | Tagged: , , , , | Comments Off

 
%d bloggers like this: