Quote:
Originally Posted by daflanger
Hi All,
If anyone is considering Dubai Lagoon as an investment... then think again! Alot of us unfortunate investors are having serious trouble with Schon Properties as the project has come to a complete stand still with no solution apparent in the near future. The sad part is Schon cannot offer any of us a delivery schedule and all they ask for is the payments???
We are forced to continue our payments against nothing!!! No delivery dates, no updates, no info... absolutely nothing!
The project if completed will not be ready before 2011 and yet we are being forced to continue with our payments!
Is anyone else stuck in this project?
Daf
|
Unfortunately the project will be cancelled. No one is going to start constriction in such a prime location for such a small amount. Probably you will be compensated with 6% per year interest.