7StarsDubai

Dubai UAE News from the Press Property Market Disaster and More

  • Dubai 7 Stars
  • September 2017
    M T W T F S S
    « Dec    
     123
    45678910
    11121314151617
    18192021222324
    252627282930  
  • 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

    • 473,414 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
    • Live: Zahlen, Analysen, Reaktionen
      Zahlen, Reaktionen, AnalysenDie Bundestagswahl ist vorbei, die Zahlen liegen auf dem Tisch. Der Bundestag wird sich verändern. Die Republik wird sich verändern. Analysen und Reaktionen zur Wahl im ZDF spezial. Hier im Livestream.24/7 ZDF Livestream ZDFspezialInteraktiv WahltoolVideo Schulz schließt Große Koalition ausVideo Merkel: Sind stärkste Kraft
    • AfD bietet weder Diagnose noch Therapie
      GastkommentarMit dem Allerweltswort "historisch" kommentieren viele den Ausgang der Bundestagswahl. Allerweltsvokabeln beschreiben freilich nur, was längst vollzogen ist. Der Prozess zum Einzug einer Rechtsaußen-Partei in den Bundestag hat lange vor Gründung der AfD begonnen.Interaktiv WahltoolVideo Stimmungen der Parteien
    • Lindner: Werden Lücke in der Mitte füllen
      Liveblog zur Bundestagswahl"Wir freuen uns über unser Comeback", sagt FDP-Chef Christian Lindner in der Bundespressekonferenz. Der Platz der Mitte sei in den vergangenen Jahren im Parlament verwaist gewesen, die "FDP wird diese Lücke in der Mitte wieder füllen", so Lindner. Alle aktuellen Entwicklungen im Liveblog.Video Berliner RundeVide […]
    • Petry geht nicht in AfD-Fraktion
      Ärger nach der WahlPaukenschlag kurz nach dem Erfolg der AfD bei der Bundestagswahl: Die Ko-Vorsitzende Frauke Petry will der AfD-Fraktion im Bundestag nicht angehören. Das habe sie nach "langer Überlegung" entschieden, sagte sie in Berlin. In ihrem Statement verwies sie auf den "inhaltlichen Dissens" in ihrer Partei.Video Petry geht nich […]
    • Tauber: "Strategische Ziele erreicht"
      CDU nach der WahlTrotz der deutlichen Verluste der CDU bei der Bundestagswahl habe man die "strategischen Wahlkampfziele erreicht", sagt der CDU-Generalsekretär Peter Tauber. Tauber betonte auch, dass die CDU nun "für eine offene Gesellschaft" werben wolle. (Video)
    • Riexinger: Gegen Rassismus und Nationalismus antreten
      Die Linke nach der Wahl„Die AfD biete keine Lösungen an", so Bernd Riexinger, Linken-Parteivorsitzender. Dies wolle die Linke deutlich machen und Rassismus und Nationalismus konsequent entgegentreten. (Video)
    • "Bitterer Sieg" für Merkel
      Internationale Reaktionen nach der WahlHerbe Verluste für die großen Parteien, der Einzug der AfD als drittstärkste Kraft in den Bundestag: EU-Politiker nennen das Wahlergebnis einen "Schock". Die französische Regierung sieht den Ausgang der Wahl als einen "bitteren Sieg" für Kanzlerin Angela Merkel. China und Russland hoffen auf Kontinui […]
    • "Wo leben wir?" - "In Kaltland"
      Reaktionen im NetzEntsetzen hier, Euphorie dort - dazu wüste Beschimpfungen auf beiden Seiten: Der Einzug der rechten AfD in den Bundestag sorgt in sozialen Medien für heftige Debatten. Viele fürchten Populisten und Radikale in den Reihen der Partei. AfD-Anhänger lassen ihren Machtfantasien freien Lauf.Video Reaktionen im NetzVideo China erleichtertVideo Was […]
    • Wie geht es nach der Wahl weiter?
      BundestagswahlDie Würfel sind gefallen, die Stimmen ausgezählt. Die wichtigste Frage für die Parteien ist nun, welche Mehrheiten für eine Regierungsbildung rechnerisch möglich sind. Ziel ist eine Regierungsbildung noch vor Weihnachten. Ein ambitioniertes Vorhaben. Was heute noch ansteht hier im Überblick.Video Koalitionsüberlegungen
    • Live: Die Parteien nach der Wahl
      Stellungnahmen und AnalysenNach der Bundestagswahl sind viele Fragen offen. Die Parteien treffen sich am Tag nach der Wahl zu ersten Analysen und Stellungnahmen. Hier im Livestream alle Pressekonferenzen der Sieger und Verlierer. (Video)
    • AfD bietet weder Diagnose noch Therapie
      Forschungsgruppe Wahlen61,5 Millionen Menschen konnten über den neuen Bundestag bestimmen. Je nach Beruf, Geschlecht und Wohnort gab es deutliche Unterschiede, wie gewählt wurde. Viel mehr Männer als Frauen machten ihr Kreuz bei der AfD. Auch die Unterschiede zwischen Ost- und Westdeutschland sind enorm.Interaktiv WahltoolVideo Stimmungen der Parteien
    • "Seniler Greis" gegen "Raketenmann"
      Zwischenbilanz der UN-GeneraldeatteDie erste Woche der UN-Generalversammlung ist vorbei, die globalen Krisen schwelen weiter, in Syrien und Jemen, Burundi und Südsudan, Venezuela und Myanmar. Schlagzeilen machte vor allem einer der 193 Regierungschefs in New York: Donald Trump.Video Guterres gegen KlimawandelVideo Trump und die Vereinten NationenVideo Nuklea […]
    • Mehrheit der Berliner für Weiterbetrieb von Tegel
      Volksabstimmung über FlughafenDie Berliner wollen den über Jahrzehnte lieb gewonnenen Flughafen Tegel behalten. Das Ergebnis der Volksabstimmung war erwartet worden. Der Vorsprung fällt jedoch kleiner als noch vor Monaten. Wirklich viel zu sagen hat das Volk in dieser Frage jedoch nicht.Video Tegel wird attraktiverVideo Tegel-Volksentscheid
    • Bayer überholt HSV - Köln holt ersten Ligapunkt
      BundesligaZum Abschluss des 6. Spieltages der Fußball-Bundesliga bezwingt Bayer Leverkusen den HSV mit 3:0 und springt damit in der Tabelle auf Rang 10. Köln hat einen Befreiungsschlag verpasst, aber beim torlosen Remis in Hannover einen Punkt geholt.
    • "Berufsausbildung muss praxisnäher werden"
      Schon wieder Montag ...Mit der 2013 beschlossenen EU-Jugendgarantie sollte jeder Arbeitslose unter 25 Jahren spätestens nach vier Monaten einen Job, eine Ausbildung oder ein Praktikum bekommen. Dieses Ziel ist nicht erreicht worden. DIW-Experte Karl Brenke erklärt, warum.Video Junge Arbeitslose in Italien
    • Untitled
    • Kurden stimmen über Unabhängigkeit ab
      25.09.17 12:57 | Im Nordirak hat am Montag das umstrittene Referendum über die Unabhängigkeit der kurdischen Autonomieregion begonnen. Bei dem Volksentscheid wird mit einer überwältigenden Zustimmung für die Unabhängigkeit gerechnet. Das Ergebnis ist aber nicht bindend und dürfte nicht direkt zur Abspaltung der Region führen. Die Zentralregierung in Bagdad, […]
    • Seehofer will an Fraktionsgemeinschaft mit CDU festhalten
      25.09.17 12:40 | CSU-Chef Horst Seehofer will an der Fraktionsgemeinschaft von CDU und CSU im Bundestag festhalten. Er halte es nicht für den richtigen Weg, diese aufzukündigen, sagte Seehofer nach Informationen der dpa am Montag in einer CSU-Vorstandssitzung. Man müsse aber darüber im Vorstand entscheiden. Die Fraktionsgemeinschaft aus CDU und CSU muss zu B […]
    • Nach Erdbeben in Mexiko: Erste Schulen öffnen wieder
      25.09.17 12:07 | Nach dem Erdstoß in der vergangenen Woche werden vorerst nur 103 von fast 9000 Schulen in Mexiko-Stadt wieder öffnen. Es werde vermutlich noch Wochen dauern, bis alle Schulgebäude begutachtet seien, sagte der mexikanische Bildungsminister Nuno. In Mexiko-Stadt sind noch immer Retungskräfte im Einsatz, um nach Toten zu suchen. Die Hoffnung au […]

Shahram Abdullah Zadeh Lawsuit against Al Fajer Properties


In this Gulf city-state, two things have long been untouchable: business interests and the ruling family. However, an attempt to sue a member of the family over an alleged financial swindle is a sign of how much the economic crisis has rattled business as usual here.

Shahram Abdullah Zadeh accuses the brother-in-law , Sheikh Hasher Maktoum Al Maktoum, of Dubai’s emir illegally of taking over his real-estate firm Al Fajer Properties and having him detained in Febrauary 2008  by police in Dubai to help the swindle.

Shahram Zadeh, a 37-year-old Iranian national who has lived in Dubai all his life, brought a civil case against the brother-in-law, of Sheikh Mohammed bin Rashid Al Maktoum , and his son Sheikh Maktoum Hasher Maktoum Al Maktoum to get his firm Al Fajer Properties back, a rare move. Even more surprising, shrahm Zadeh tried to raise criminal charges, but that step went nowhere because prosecutors rejected it.

The case has raised questions about whether Dubai really is what it claims to be: A boomtown where international businessmen can safely invest and turn a profit; or rather, a nest of cronyism and connections where royal blood can still trump entrepreneurial effort.

Such questions were largely ignored by everyone – businessmen and politicians alike – as long as the cash was rolling in during Dubai’s stunning expansion over the past decade. But now the emirate has hit the skids in the world financial crisis.

“During the boom, Dubai’s shortcomings were glossed over, but now that the economy is struggling, it’s becoming a different story,” said Christopher Davidson, an author of two books on the United Arab Emirates and a lecturer at Durham University in Britain.

Dubai’s emir, Sheik Mohammed bin Rashid Al Maktoum, led the emirate’s vast financial ambitions. But business ran far ahead of the effort to modernize legislation in what remains a traditional Arab monarchy, where the ruler and his family hold final say.

Now the government has been trying to rein in some fast-and-loose business practices. About a dozen former executives are in custody for various investigations. Some have close ties to the government, but none of those in custody are related to the ruling family.

Zadeh’s case goes farther – breaking to taboo of questioning Dubai’s leadership. Zadeh says he’s a victim of a system in which the rulers can manipulate police and the courts to protect their business.

“If Dubai cannot provide security for foreign investors, they might as well switch off all the lights,” he said.

Attempts over the past weeks by The Associated Press to contact the brother-in-law, Sheikh Hasher Maktoum bin Juma’a Al Maktoum, were unsuccessful. Hasher Maktoum Al Maktoumand his company attorneys did not return repeated phone calls or respond to interview requests.

In the first session of Zadeh’s civil case, Hasher Maktoum Al Maktoum and his lawyers failed to appear. In the second a week ago, his lawyer asked the court for more time to study the allegations. The case is to resume May 4.

Zadeh and the Sheikh Maktoum Hasher Al Maktoum went into business in 2004. Foreigners are allowed to deal in property only after finding an Emirati sponsor to officially register a company. The usual practice is for the Emirati sponsor to give his signature for an annual fee or profit share. Several members of the sprawling ruling family are involved in such deals.

Zadeh set up a firm, Al Fajer Properties, and was chief executive while Sheikh  Hasher Maktoum Al Maktoum held the trade license. The firm was profitable and is now worth about $2 billion, according to Zadeh. But the partnership soured over delays in building a commercial tower, Juemirah Business Centre.

Zadeh said in an affidavit to Dubai’s attorney general that he was arrested in February 2008 and held for 60 days. He says he was never charged with any crime but was questioned over his business – including the combination of his safe.

While Zadeh was in detention, Sheikh Hasher Maktoum Al Maktoum took over the company Al Fajer Properties by appointing his son Sheik Maktoum Hasher Maktoum Al Maktoum as chief executive, ousting Zadeh, according to Zadeh’s filing. When he was released, Zadeh says he found his office safe had been cleaned of documents showing he was the owner of Al Fajer Properties and Hasher Maktoum Al Maktoums partner.

Zadeh also says police tried to push him to sign a document saying he had no connection to Al Fajer Properties. He submitted to the court

Al Fajer documents listing him as CEO and transactions that his lawyers contend show he was the sole investor. The Associated Press was given a copy.

Sheikh Hasher Maktoum Al Maktoum  “thought he could do it all because he’s a Sheik,” Zadeh said.

Police refused to comment on whether Zadeh was detained. Shahram Zadeh says they continue to hold his passport and so far he has had little luck pushing his claims.

He submitted a criminal complaint but the attorney general refused to investigate, giving no reason.

Zadeh then filed a complaint directly to Dubai’s emir Sheikh Mohammed bin Rashid Al Maktoum, who holds what is called the Ruler’s Court. Residents can bring to the emir what they believe are injustices unaddressed by the courts – from disputes over money to wrongful deaths.

Zadeh says he has received no response.

see also: Terahn Times

More: Al Fajer Properties DubaiJumeirah Business CentreEbony Ivory Towers Dubai

Advertisements
 
%d bloggers like this: