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When the market is booming, people make mistakes, now is the time for re-planning and putting things in place, he said. One of the problems that we are facing is people are not coming to register their rights with us.
People earlier used to trade without registering their rights. Today, most complainants want money direct money lenders back and we are here trying to solve their disputes. According to Mohammed Sultan Thani, Assistant Director-General of Dubai Land Department, the department is busy rescheduling payment for investors. A Dubai Land Department official had told Emirates Business earlier the decision city loan fast cash of any extension or rescheduling would be taken on a case-to-case basis and a reasonable time would be granted to buyers for arranging the money. People have just started registering on ejari website with us and from the ejari software we will know how much have rents dropped, he added.
Hence, it is now working to get a more realistic figure through the online system We will come to know the exact number of cancellations next week. Right now I have application of 27 projects that need to be cancelled with me, Ghalita said.
According to Rera chief, the process of project cancellation is a tedious one, whereby the agency has to announce the names in media for at least 10 days to protect the rights of the investor.
The average land sales price in Dubai has remained stable in the first two months of 2009 compared to same period last year, said Mohammed Sultan Thani, Assistant Director-General of Dubai Land Department, yesterday. The number of transactions have gone up by 200 per cent city loan fast cash to 5,400 from 1,775, while the average land price fell to Dh1,373 from Dh1,375 in the first two months compared to same period last year, he said. Of this land sales dropped 40 per cent from Dh12bn to Dh7. The total value of transactions recorded by DLD during 2008 reached Dh280bn, corresponding to a growth rate of 59 per cent compared to 2007, which witnessed 184 per cent growth in comparison to 2006. As I mentioned 2 days ago - new a visa law is in the works - borrow cash till payday expect to see it before Cityscape Dubai.... As I mentioned 2 days ago - new a visa law is in the works - expect to see it before Cityscape Dubai.... When the construction boom was happening and the money pouring to Dubai as never seen before, they should have concentrated on manufacturing and businesses not related to speculation. They wanted and want to be like London - no chance, not In a million years. Dubai is not trying to be like London it has taken inspiration from across the globe and most of the engineers, projects managers, architects, quantity surveyors, accountants, and designers are from the UK, US, Europe, Australia, Japan, Singapore etc. I believe it to be very unique and very different from any other city in the world.
This then causing confusion and lack of confidence in Rera, Land Department, Rental Committee, Property Dispute Court and the Local Law Enforcement (police). My company was swindled out of millions by a rogue developer and nothing was done by any of the above mentioned authorities despite get a loan with bad credit today clear evidence of misappropriated funds in the developers case. The CEO is finally behind bars however if the correct course of action had been followed 14 months earlier I would have stood a chance of getting my funds back.
However we were passed around from department to department without the authorities having any idea as to what their responsibilities were or their colleagues responsibilities. This matter was even brought before the CEO of Rera who vowed to resolve the issue if a written request was submitted. Eagerly we submitted the written request the same morning of January 15 and am currently still awaiting a written response from Rera.
If this is the treatment being received from the Real Estate Regulatory Agency, The Land Department and the Police. How can we expect the developers to be more cooporative regarding investments made. Despite following up the issue with the Authorities nothing has been done and a narration of how they have hundreds of similar cases is brought up by each different official we face. Even after months of pushing the very individuals (government officials) responsible for handling the issues they are surprised when I confirm that the matter is not yet resolved! Dubai is an amazing place and if they are to see the good times again they really need to revise Customer Care, Relations and adopt a sense of urgency. As a young educated blackman I have grown up with racism and despise the use of ethnic identity when referring to an individual or a collective group of people.
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What you need to remember is the very people heading this frontier are all expats, British, American, German, Australian, South African, Lebanese, Syrian, Japanese, Korean, Chinese etc.. Most of this people created the problems Dubai is facing today, and some stood by and watched in silence and did nothing until it was too late. The Majority of people in Dubai speak English, have you ever wondered why that is? Booking well in advance is your only hope of securing a room and when a cancellation is made there is a waiting list for any cancellations longer than any bad list you could put on paper as to what is wrong with Dubai.
My answer to you is this, the speculators who caused this mess have all but disappeared and hopefully not to be seen again. What we have been left with is a good base to rebuild a stronger real estate market with professional qualified individuals heading up the push for better times again. I am not getting involved in this witch hunter of Dubai and taking a different stance in support of the efforts being made by this hospitable and simple people. I have established long standing relations with several Emiratis who have gone out of their way to make me feel welcome. They share the concerns as we all do regarding the current situation of this beautiful city.
They are proud, proud of the achievements of Dubai in such a short space of time. Proud of the government for implementing laws that have made Dubai a multi cultural community just as diverse as London but a hundred times safer.
Yes I do and I can safely say the thought of being mugged while walking down the street late at night has never ever crossed my mind in the past 4 years. I have witnessed mortgage loans for sales city loan fast cash reps individuals come to Dubai penniless and become millionaires within months.
I have also winessed some of them lose it all, due to greed and their financial blue print not being altered to handle such money. Blame the people that came to Dubai with only one aim, to get rich. To take advantage of the opportunities available to everyone. These people conducted business in such a manner that is immoral and unethical as they were here for a short space of time!
Due to this fact they were not interested in establishing long standing business relationships. Blame some of the Emiratis who got involved in this practice or stood by and did nothing to stop it. I agree with your sentiments with one exception - the language that is most widely spoken in Dubai in URDU!