ACI Dubai – Frustrated Investors – Star Tower
Posted by 7starsdubai on March 19, 2008
original published skyscrapercity.com
comment by Bazz
hey guys, i have also invested here since 2004, to date i have heard ABSOLUTELY nothing and am very thankful of you guys here that has provided me with more information then junior gas themselves. Each time i have phoned them they have no answer and no certainty of when the project will commence and complete.i am very anxious and scared now as this project was heading nowhere. I dont know if i should take my money back losing all the bankers fees for money transfer each month or if i should stick this one out hoping it will be worth my while? any ideas?The best i was told was that i can be re-imbursed all monies paid to date if i wish.many thanks.
dubai star at gulf and dubai property exhibition
Been to the above property exhibition in London on the 21st and Dubai Star had a stand.
Just vaugely remembered reading this thread – so thought ask them some questions.
They informed the developer is german co called ACI, they dont know whether development has started and gives completion date of september 2008.
The consultants seemed to have been hired just for the day and genuinly did not seem to know anything else about the development.
I would personally stay well away from this project
hi again, thats exactly where i bought from in april 2004, must av seen you there lol, I have been in touch with ACI and my sister went in person last year when she went for a holiday, they seem professional and work seems to be underway. But lack of communication from them (i.e. updates etc) does not help and for other buyers there has not been any update to the situation, i had to chase junior gas and then found out from here that ACI has taken over, no one from junior gas told me at all…..Yes they speak perfect english at junior gas and personally i am fed up of chasing people to get an answer, i still dont know what is happening to my apartment as its on the 23rd floor, which ACI’s impressive brochure states is a commercial office floor not residential???you stay in touch too, finally we are beginning to shed some light on this whole issue thanks to this forum….
I called ACI last week and spoke to Anita. Robin Lohmann (Managing Director) was in Germany, she told me to email her all the details and she will get in touch with me.
So far nothing no reply.
Last year I went to Dubai and appointed Emirates Advocate to handle our case they sent legal notice and thats it. According to them whats happened is fraud and Junior Gas should not have sold the land without informing us.
Well thats all they have done and now they are just sitting on the case and no response. I think we all should get together and go to media. Junior Gas have made 30 million AED profit.
According to Ahmed no one will spend £5ooo to sue him in Kuwait.
Mind you he does have few projects going in Kuwait and they are well known in Kuwait. BBC are looking for real story to investigate and we will not be charged a single penny and they will expose Junior Gas and question Nakheel why has this happened, I have already spoken to a journalist.
Or we get an international solicitor in UK who will handle our case. Like you said You are tired of chasing, so are we. Its not just us they are 30 or 35 people like us.Its about time to take some action.
Any other suggestions are welcome.
No havent heard from ACI and every time I call they say they will get back to me but nothing.
Junior Gas are ready to pay back the money on condition that we sign that we have no legal liability with them and with ACI.
If you want you can hold till the end and fight with them because legally you own the appartment and they have to pay you or buy you out. We have invested elsewere and need the money thats why we are asking for money back.
What happened when you got in touch with ACI what did you think about them. I couldnt get time off so we will be flying to Dubai after Easters. Will let you know what happens.
I will go and see ACI in person before we collect the money from Junior Gas.
Will keep you informed.
es we are still paying junior gas which i found odd but was instructed by ACI to do so.i have paid just over 75% now and still have not heard a peep from anyone!!
i will plan to go soon (maybe july) and see what they have to say for themselves… cant take much more of this thats for sure.
i have looked at the project on various sites and it shows completion date as 2008.
What junior gas and ACI lack is good communication.
if we were informed time to time of what is happening then id feel more secure about my investment.please do stay in touch and keep us informed on here. when are you going and when will you be back?hope it all goes well for you. im glad atleast two of us are trying to sort things out here. everyone has disappeared lol.
i just called ACI and was advised that they no longer reside there.After calling a mobile number in dubai i was advsied that they have now moved offices and are located in Jumeirah.
When i questioned why i was not notified i was told that emails were sent out to advise of this??
Any how: there has been no progress in construction and i have just been told that the tower is still in the ‘piling’ stage… completion is expected in 2008 now and as far as the payment to junior gas is concerned… the secretary will find out for me what i should do about this….
SHILU: i hope when you do go you will get some solid answers out of these people. If you can ask a question for me “what happens to those who purchased a flat on the floors up-to floor 28 as they are now commercial floors…… do they get moved up or what?”Think i will have to go down to dubai as well… just to clear things up!
Dear All Dubai Star property owners
My name is Hicham Nicolas and I’m one of many who bought an appartment in Dubai Star.
They claimed it will be done in April2008, bla bla bla…
To cut the story short, here are the most recent updates:1-ACI did finish the shoring (digging) only last month.2-Nothing happened since than.
The site is empty no machines, no labour no nothing. I visited the site twice (on 10 and 15 April 2007)as I live nearby.3-Based on my telephone calls they claim that they are waiting for the “piling” phase license approval from Nakheel DCCI.4-I heard that the size of the (sq ft) sold to us is not a nett area but a global area(meaning they will deduct a percentage for the lift and the stairs and the lobby etc etc…).
ACI denied that, but still they refuse to put it in writing.5-Last month they said the sales contracts will be ready in May 2007.
This month they said the date has changed and we do not have a deadline.They claim again that Nakheel DCCI have the contracts and haven’t release them yet.6-ACI split from Lakepoint (real estate agency) and they shifted their location to a villa in Jumeira without telling us.
My contact with ACI is their Sales Manager Miss Fereshti.
Who apparently is a mere interface between us and them. Whenever they want they tell her things that they can refute later on.
Based on all the above, we need a plan of action. I alone cannot do much.
We need the power of a group.
I have many ideas and we can get in contact with a lawyer if we have too. We need to force them to start the works. Instead of using our money for something esle (they have other porjects on paper)…I know 1 more owner.
That will make 2 of us until now. Join us. Please contact me on my email firstname.lastname@example.org .
Sincerely YoursHicham Nicolas
All this time a year i have been trying to get all the dubai star buyers together and sort things out.
Because i believe that whats happened is not right.
We went to Dubai last April, got in touch with the British Embassy. The embassy said they cant do anything but give us a least of lawyers. And we should take it from there.
We went to Emirates Advocates, they have a very good reputation and are well known in Dubai and GCC countries.Guess what after spending £2000 nothing came off it.
They did inform us that we have a very good case of fraud, and their name held a lot of weight and everything will be sorted out in few months.
The solicitor Rajesh Babu wouldnt reply to any of my emails, would not take my calls and kept me hanging.
I wrote a stong letter on their website and told the bosses what was happening,they appointed a another lawyer Mr Ibrahim and then after few months another Miss Doaa.
In a year I had 3 diffrent lawyers and let me tell you this they all lied.
Six months back the lawyer said Junior Gas are refusing to pay the refunds and fed me so many lies that I couldnt believe it.
I lied to book an appointment with ACI, otherwise they would not see me.
Their legal adviser Mr Rashid Saab is a very shrewd person, he is from Lebanon.
He mentioned the same thing a few times that he will not promise about the completion date its better to collect the refund and invest somewhere else.
Thtats what they want.
Go to Dubai in June and see for yourself. Meet up with both the teams.You will be going to and fro from both of them.
Neither of the party will make any commitment or give you a straight answer.
But if you all gang up and meet them together you will get somewhere.
thanks shilu,from what you are saying i think i will take my money back also. i invested 3 years ago to help me buy a house in this country, i now have wasted 3 years of my time in a project that is lifeless.i think it would be more wise to take money and buy our family home here in london, in 3 years time the value of the house will rise as much as the value of my apartment in dubai…. in terms of profit.i hate it when communication is not consistent, i have suffered with junior gas and now aci are proving to be the same.a friend of mine bought in dubai marina and received constant updates and super fast responses to all his communications. i dont think il get this from aci to be honest.i dont really have the money to complete payments in one go and dont think i can go out of my way to scrape the money together for something so uncertain.one question shilu:i have paid 30k so far, converting that back to pounds from dirhams, i will only get back 26k losing 6k.have you not also had this problem? currently the exchange rate is 7.9 dirhams to make a pound.I hear your point and remember how hard you have tried to gather all buyers to make a stand! but apart from me and you… no one else seems bothered.a company called best in dubai (www.bestindubai.co.uk) have apartments being built in international media production zone (IMPZ) with studios starting at 54K off plan. they seem very professional and deal with the developer DAMAC. even the website has photos of regular updates to all projects currently underway, as well as online payment facility that will save bundles on bank charges as well!!!!but i think iv had enough for now, as this new project will not complete until 2010 by which time london prices will have hit the sky (with the olympics getting closer)thanks alot shilu, im glad you have made a choice and hope it will prove to be the right choice overall… i may have to follow your footsteps.
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