i have contacted RERA through their site for two cases but no use
we all should go in thousands , bombard them with our cases
there has to be be a law in place to cover all fraud issues and protect the investor from greedy develops and not greedy investors , as they claim
we should assign one day where all go with banners , in a civilized manner and demand that we see the big guys there and explain our ordeals in in all the Emirates after all so many of us bought in ajman and none is there to talk to.
it is a big market now for lawyers , not only we have been sk........................... buy the developers and who backs them , then each of us will loose alot to lawyers . we have to work collectively, each group, that have the same sort of case hire one lawyer to represent each group separately
but the government have to be the first to get its hands dirty and take charge of the situation ,
we have been hearing that they formed a committee to Handel the crises but so far all they have been doing is plotting against investors .
who is their to protect us? especially if we dont live in the UAE .
Quote:
Originally Posted by Green_age
I also share with you guys. I bought 2 properties off-plan in Ajman and paid more than 200,000 Dhs so far. After this crisis in stock market I lost 50% of my life-time saving, and put these on-paper properties on the resale market. 2 moths passed, NO one showed up. total disaster. I am in verge of losing my rest of savings and there is no protective right for buyers in the contract. Hasten to add I just saw the contract 20 days after I PAID THE DOWN-PAYMENT! My question is;
HAVE ANYONE HEARD ABOUT "RERA : Real Estate Regulatory Authority" IN UAE? Does anyone thinks that making massive complaints to this organization (regarding the high number of people affected) could help? How can we prevent developers of not-started projects from cancelling the contracts and put a hold untill the market revives?
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