Deyaar Park - Downtown Jebel Ali - still a sand pit

[desert dream]

This project on paper promised to be one of the most exciting developments in Downtown Jebel Ali. Now after paying 30% construction has still not started. Deyaar says they are waiting for the Limitless to give them the plot - but its aleady been 1.5 years.
What do you guys think - Will Deyaar be able to deliver this property - or do they have issues internally and their parent company Dubai Islamic Bank.
Investors have bought full floors in the commercial towers and are deeply disappointed..obviously there is no buyers in sight at the moment but the concern is will this project get off the ground..investors have no choice but to pay till completion.

Your views on this project are most welcome.

My view is - Deyaar should cancel this project and return the funds - I dont see any demand for property in Downtown Jebel Ali.

Cheers.

[Roshan]

Originally Posted by desert dream

This project on paper promised to be one of the most exciting developments in Downtown Jebel Ali. Now after paying 30% construction has still not started. Deyaar says they are waiting for the Limitless to give them the plot - but its aleady been 1.5 years.
What do you guys think - Will Deyaar be able to deliver this property - or do they have issues internally and their parent company Dubai Islamic Bank.
Investors have bought full floors in the commercial towers and are deeply disappointed..obviously there is no buyers in sight at the moment but the concern is will this project get off the ground..investors have no choice but to pay till completion.

Your views on this project are most welcome.

My view is - Deyaar should cancel this project and return the funds - I dont see any demand for property in Downtown Jebel Ali.

Cheers.

I see Deeyar as a reputed developer. The reason could be that the master developer has not handed over the plot as yet.

Roshan

[desert dream]

I agree Deyaar has delivered in the past but they should really start on this project ivestors are extremely frustrated..30% paid and no work started..and they want 10% in may 09

[reasonant]

Anyone who invested in Deeyar Park, please get in touch. Thanks.

[oasis2buyer]

Sand pits and holes everywhere - no investor has ever received all their monies back from any courts. The only case publicised was Mizin and the investor was apparently successful!

[vinay212]

Originally Posted by desert dream

This project on paper promised to be one of the most exciting developments in Downtown Jebel Ali. Now after paying 30% construction has still not started. Deyaar says they are waiting for the Limitless to give them the plot - but its aleady been 1.5 years.
What do you guys think - Will Deyaar be able to deliver this property - or do they have issues internally and their parent company Dubai Islamic Bank.
Investors have bought full floors in the commercial towers and are deeply disappointed..obviously there is no buyers in sight at the moment but the concern is will this project get off the ground..investors have no choice but to pay till completion.

Your views on this project are most welcome.

My view is - Deyaar should cancel this project and return the funds - I dont see any demand for property in Downtown Jebel Ali.

Cheers.

Hi I invested in deyyar park three yr back and they are saying that there is no question of returning my moiney so we should consolidate .I am not intersted to consolidate can anyone tell me if i file a case will i win as today i got a call form deyaar forcing to take something other than this when i denied she told me that whatever u do will not get the money back and she also mentioned that ur contract sales agreement has also no value now as rera is doing everything now and if u dont agree with consolidation ur proerty will be fortfeited means ur money.what should i do pls advise me or all deyaar investors can meet up at some place ?
thanks for your advise in advance

[mohaymin]

Originally Posted by reasonant

Anyone who invested in Deeyar Park, please get in touch. Thanks.

Hi there reasonant. I am a Deyaar Park investor. I cannot find your contact details. I would really like to discuss with you my case. I would appreciate it if you could email me on "mohi . monem @ gmail . com"

looking forward to hearing from you.

thanks and regards,

-Mohi

[Salma Raul]

Deyaar Park is still a sand pit as there are less amount of buyers and investors are working at a slow pace.

[HABDU]

I too have invested on a Flat in Deyaar Park. 3 years and constructions has not started and even the developer does not even own the land. How is that they lauched a project without owning the land and took money from people and confortably sits with the money. Isn't there any law to protect the investors. Is there any way to get my money back from Deyaar as the only news you see about Deyaar this days is about their fraud cases on their CXOs.

[goingdown]

i have also invested in 2 apartments in deyaar park, dont have a clue what is going on with them. cant get a straight answer out of deyaar!!
can anyone help???