Still nothing there.

Only Duaa can bring this project on track :)

No, Al Dua'a are conmen and cheaters!

The term is derived from an Arabic word meaning to 'call out' or to 'summon', and Muslims regard this as a profound act of worship. The Islamic prophet Muhammad is reported to have said "Dua is the very essence of worship," while one of Allah's commands expressed through the Qur'an is for them to call out to Him:
"And your Lord says: "Call on Me; I will answer your (Prayer)!"

Lets hope the Al Dua'a management will get the same sentence as this guy:
http://gulfnews.com/news/gulf/uae/crime/business-tycoon-al-boom-faces-923-years-in-jail-1.768805
923 years in jail.

The towercrane is being taken apart.

http://home.tiscali.nl/cyril/ssc/duaa1.jpg

And work on the retaining wall. What's going on...?

http://home.tiscali.nl/cyril/ssc/duaa2.jpg

Just received the following(anyone know why Al Duaa have moved?)We would like to inform you that next week, we will be shifting our office from present location in Emaar Square, Dubai to the following address:
*
Office No. 1506, 15th Floor,
Prism Building, Business Bay,
Dubai, UAE.
*
Since our phone lines will not be functional, we shall not be in a position to hold any meetings with our valued customers from 24th of April till 28th of April (both days inclusive).
*
We will be informing you of any changes that may occur in new telephone numbers.
*
We sincerely apologize for any inconvenience caused in this regard.
*
Sincerely,
*
*
Al Duaa Management Team
*

People I just got confirmed news that Dubai Government has cancelled 217 Projects which were not likely to be finished

Does anyone know any more news are which projects.

@GTR11 why would you love if this would be wrong ? ....

Does anyone has any idea what will or have to happen if your project is in this list ?.. I mean now what will happen.

@GTR11 why would you love if this would be wrong ? ....

Why would he love to be wrong about RERA not publishing the list? Because he is curiuos as to what projects got axed. Just like I am.

15.01.2010

by O. Fey
Old pix with golden view ! exclusive for alduaa investors (Keep the faith with more duaa) .

http://img.******************/United-Arab-Emirates/Dubai/Construction-Dubai-Marina-a19874278.jpg

http://img.******************/United-Arab-Emirates/Dubai/Platz-in-der-Dubai-Marina-a19874665.jpg

People I just got confirmed news that Dubai Government has cancelled 217 Projects which were not likely to be finished

Does anyone know any more news are which projects.

According to RERA's CEO Mr. Marwan they will keep the list secret.
They transfer the money from Escrow accounts and keep them in the land department. :ohno:

Anyway they say they are only canceling projects that haven't started construction. It won't be Al Dua'a.

According to RERA's CEO Mr. Marwan they will keep the list secret.
They transfer the money from Escrow accounts and keep them in the land department. :ohno:

Anyway they say they are only canceling projects that haven't started construction. It won't be Al Dua'a.

Hi

Al duaa has many project and mine was the residences which actually never started , i mean not even 0.1% of it.

Hi

Al duaa has many project and mine was the residences which actually never started , i mean not even 0.1% of it.
You are so lucky because then RERA will probably cancel the project and you will get some of your money back if you paid into an Escrow account.

With this Al Dua'a Marina Tower it is a scandal, no work for years, RERA is useless.

Hi All, anybody got any news on Al Duaa. I'm assuming it's a no change (nonwork taking place at the moment). Any news will be greatly received from another UK based investor.

The latest news are that they have removed everything from the building site including the office buildings. So it is more dead than ever.

The latest news are that they have removed everything from the building site including the office buildings. So it is more dead than ever.

Thanks for the update and the news is as expected. Maybe one day.......

Thanks for the update and the news is as expected. Maybe one day.......

Has anyone consulted a lawyer regarding this project.

Has anyone consulted a lawyer regarding this project. I have sent you a private message.

Hi Guys,

I am new to this forum and have been reading through all the posts. I myself am an investor in Alduaa Marina. I contacted Noreen at Alduaa a couple of weeks ago, who told me they were still looking for an investor (funds) to complete this project.

Does anybody know if they have managed to find anybody ?

Regards

Max

No they have not found any. They have used this excuse for 3 years now.
The only way out is a legal case against them. Before they close down and leave the country.

Hi Pleth,

Thanks for the update...has any one of us managed to get an refund back from them?

I havent spoken to RERA about this situation yet, are they offering an advice or information?

Also who is the contact at Noor Islamic Bank I can speak to regarding my balance in Escrow?

Sorry about all the questions..

Appreciate your help

Max

RERA are useless. I cannot even get an appointment with them. They do not answer the phones, and when I go there, they say there is no one there to talk to. They do not even answer the e-mails.
I can give you the contact details of the person I saw at RERA. I think he gave me a fake business card as the phone numbers and mobile number on it did not work. :ohno:

It would be interesting to know how much money is in the Escrow account?
I don't know who the contact is there...

Hi Pleth,

If you could give me that name at RERA that would be good, I can try contact him / her. I am based in the UK but have a friend in Dubai that has alot of contact with RERA.

I can try and find out whats happening.

Also it would be good to find out how much is in escrow account. Sooner or later if Alduaa dont build or find an investor....RERA will have to make a decision?

Do you know if the land is fully paid to Emaar ?

Regards

Max

Hi Pleth,

Thanks for the update...has any one of us managed to get an refund back from them?

I havent spoken to RERA about this situation yet, are they offering an advice or information?

Also who is the contact at Noor Islamic Bank I can speak to regarding my balance in Escrow?

Sorry about all the questions..

Appreciate your help

Max

Rera is of no help. They just say "Contact your lawyer"

Hi Pleth,

If you could give me that name at RERA that would be good, I can try contact him / her. I am based in the UK but have a friend in Dubai that has alot of contact with RERA.

I can try and find out whats happening.

Also it would be good to find out how much is in escrow account. YES
Sooner or later if Alduaa dont build or find an investor....RERA will have to make a decision?

Do you know if the land is fully paid to Emaar ? NO

Regards

Max
In March I had a meeting with Mr. Marwan and Mr. Khalid Obaid Al Mutaiwei at RERA.
They could not answer any of the questions but promised to come back with answers within a week.
That day Mr. Khalid Obaid Al Mutaiwei gave me his so called "business card".

Months went by, I did not hear anything.
Since then I rang the numbers on the business card 1000 times:
Direct line +971 4 203 0266 = not direct - only getting through to the switch board
Tel. +971 4 222 1112 switch board, then got through to complaints department (I thought) but that was only back to the switch board again.
One lady at switch board gave me another number:
+971 4 2030 263 but guess what it gets me through to the switch board again.
I wrote many e-mails to Mr. Khalid, his e-mail address khalidobaid@rera.gov.ae was on the business card. But he never replied.
So none of the info on the business card was actually working.

I drove down to RERA asking to talk to Mr. Khalid. I was told I could not talk to him without booking a meeting. They told me I could do this through his secretary:
tel. +971 4 2030 577 = Number is not working!
E-mail marwa@rera.gov.ae Name: Marwa Hassan Darwish Al Ozaibi
I have written e-mails 5 times to her, she does not answer!

Maybe they are doing it on purpose, having a meeting with investors, and then say "we will come back within a week with the answers!"

Recently I got an e-mail address where I could file complaints:
rouda.y@mbsworld.net I am guessing this e-mail address does not work either!?

Hi Pleth,

Thank you for the update, it seems that RERA are not willing to help. Due you know of any course of action that may work?

Is anybody getting any success through the courts?

Regards

Max

The legal route is very time consuming. Before you consider arbitration/court action it would be wise to check the strength of the companies finances.

I was out for a walk last night and noticed there was security on the gate. I also heard from a friend that there was some site maintenance activity happening recently. Slightly better than completely gone, so fingers crossed.

Generally speaking, construction costs are coming down and contractors are deperate for work. All they need is the comfort that they can be paid. If the developer can give that guarantee then they should be able to continue. Perhaps the developer should consider splitting the project up into smaller packages which he knows he can afford and release more packages to the contractors as more money comes in from investors. Slow way to go but difficult times call for different measures.

Al duaa is on a decent waterfront plot 50m from Waitrose.

Hi True Blue,

Seems like you live in the Marina, thanks for the update. I understand what your saying but if the construction cost is so low then why hasn't construction started.

Sure Alduaa must have enough money to restart and then use customer payments to continue....there must be another issue...

Either Land payments are due and Emaar are stopping them continuing construction or Alduaa have diverted all the money to plot payments on other projects???

Or they have taken a large amount of the money ???

If they told us the real situation then maybe a compromise could be reached.....

Regards

Max

Hi True Blue,

Seems like you live in the Marina, thanks for the update. I understand what your saying but if the construction cost is so low then why hasn't construction started.

Sure Alduaa must have enough money to restart and then use customer payments to continue....there must be another issue...

Either Land payments are due and Emaar are stopping them continuing construction or Alduaa have diverted all the money to plot payments on other projects???

Or they have taken a large amount of the money ???

If they told us the real situation then maybe a compromise could be reached.....

Regards

Max
I am guessing that the Escrow account is completely empty. You can ask the bank.
In Dubai it is very easy to have money released from the Escrow.
An Escrow account is not a safe account in Dubai.

I am pretty sure that in the hay days of the real estate boom many developers invested the payments, which they received from buyers, in risky investments, which totally collapsed with the financial crisis. The greed in these days in the world and in Dubai in particular was so intense, I have rarely seen anything like it.

I am pretty sure that in the hay days of the real estate boom many developers invested the payments, which they received from buyers, in risky investments, which totally collapsed with the financial crisis. The greed in these days in the world and in Dubai in particular was so intense, I have rarely seen anything like it.

No, after the Escrow acc. was started the developers could of course not invest our money.
We investors paid the money into the Escrow accounts thinking it was a safe account system. But I have learned that this is not the case. Money disappear out of the Escrow account into thin air, but RERA will not tell you where the money has gone, or who they have released the money to.
Scary really.

Hi True Blue,

Seems like you live in the Marina, thanks for the update. I understand what your saying but if the construction cost is so low then why hasn't construction started.

Sure Alduaa must have enough money to restart and then use customer payments to continue....there must be another issue...

Either Land payments are due and Emaar are stopping them continuing construction or Alduaa have diverted all the money to plot payments on other projects???

Or they have taken a large amount of the money ???

If they told us the real situation then maybe a compromise could be reached.....

Regards

Max

They are in no mood of building. They took our money when there was no escrow and enjoyed it by buying other properties in then speculative days. Had bought two to three plots in Jumeirah Village and launched projects with Toni Asahi. Al Duaa has been a bid scam since thenbegining. The whole of the Marina has been built around it's plot and and in 6 years they haven't even finished then foundation works. They just took all our money and went gambling with it instead of building then project when they could.
I think we should not be afraid to take them to court. Even if they don't have tzar money we can get attachment to some of their paid up properties. Something is better than nothing. I am sure they have nom intention of building.

Hi,
should take legal action now against aldua's management,and take them to court to get our money back, they now surely have stoped working on this project and have taken the money and enjoying announcing other project's.

09/December/2011

Al Duaa Marina Tower

http://i41.tinypic.com/2ue7mm1.jpg

http://i39.tinypic.com/5wz3ic.jpg

Should they not have covered these steel wires before they deserted the site?

Should they not have covered these steel wires before they deserted the site?

Covered or not, at this point I don't think it is going to make a huge difference.

Should they not have covered these steel wires before they deserted the site?

They will cover with sand only, this happened at the Eden Blue,Trump Palm etc... sites.

Or if they dont have money for it, just remain a hole for a long.

2011-12-02 by me

http://i39.tinypic.com/2e5mz45.jpg

http://www.ipetitions.com/petition/dubai_investors/
Rera please do something!