Quote:
Originally Posted by Roshan
All the investors form a group and file a law suit - OR - a court order stopping all payments. Sounds difficult but not impossible.
I had a similar case with Omniyat where the land was not handed over by Dubai properties to the developer in Business bay. They were decent enough to stop all payments until further notice. They could have collected payments as per the contract but they decided otherwise.
Regards
Roshan
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Well in our situation the land has been with them lloooonnngggg ago. The construction started MAY 2007!!! And it is on hold now... yet they are still collecting our payments and stating completion is Feb 2009 and July 2009 when it seems nothing will finish if ever before mid to end of 2011