*Group of Investors against interpretation of Law 13 and for the protection of property buyers*
If you or anybody whom you know cannot or dont want to make the next payments on their property for whatever reason or if the project is cancelled then 30% of total price will be forfeited. Apart from that we feel there should be some further regulations for developres such as the all payment plans of all projects HAVE to be linked to construction.etc So if you feel this new interpretation of law 13 affects you or your friends and you want to protect your self and you want to give your viewpoint then join this group by sending email to: [EMAIL PROTECTED] with * your name * your mobile * amounts invested in off plan in Dubai * short bullet point about your opinion on the new interpretation of law 13 *And also forward it to everybody you know in the media * Our group is working on solutions to protect our investments in Dubai ! Normally this should be the responsibility of the government or the developer himself Most of us worked hard for the money, maybe it is our life's savings. To recover from a collateral damage with the upcoming recession will be tough or impossible. As the developers joint forces against us, to achieve this interpretation we too have formed a group and have joined forces to reverse it. A lot of developers don't have enough equity for their projects, they depend only on the purchasers funds, and there will be no bridge finance for them as well. Developers must stop finger pointing to investors, only with their help the market came up and all developers were thankful for the speculation because it helped them to increase their profits. And the developers shall not forget that they overheated the market by themselves, caused by greed, lies about construction costs to justify their high prices. * Please forward this email to all other investors you know in Dubai, circulate it through your email and network! Let's start all together to make the first step for a change. Remember everybody is a part of the chain and part of the success. We shall make an organized and collective petition to the Land Department. We shall make ourselves heard!!!!* --~--~---------~--~----~------------~-------~--~----~ Dubai Properties Google Group is managed by: Farzad Ghodsi / Senior Investment Adviser, Mob: 00971 50175 4384 You received this message because you are subscribed to the Google Groups "Dubai-properties" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/Dubai-propertie?hl=en -~----------~----~----~----~------~----~------~--~---
