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The Greek Islands meet the Maldives!!!

.........only in the UAE! Brilliant!!

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I liek the location of this, who is the agent?

I wrote directto Dana Celeste,- e-mail address on the website. I received a very prompt reply. I am now waiting for availability details.

Comforting to see their website (which is still under development) has the wrong email address if you want to contact them via email :S I assume the correct one is info@stallionpropertiesfzc.com

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Only go through Stallion properties - buy directly from them.

Do not use Aspire.

With great pleasure and contentment Stallion Properties proudly announces that all current and future investors in Santorini „A piece of Greece‟ will be offered the opportunity to obtaining a residence visa. This option is offered exclusively to Stallion Properties.
Live is Santorini as a resident and not just as a visitor!!!

With great pleasure and contentment Stallion Properties proudly announces that all current and future investors in Santorini „A piece of Greece‟ will be offered the opportunity to obtaining a residence visa. This option is offered exclusively to Stallion Properties.
Live is Santorini as a resident and not just as a visitor!!!
Has anything started here though 70% sold but what about progress ?

Has anything started here though 70% sold but what about progress ?

I believe the person who informed you had wrong information.
We have actually sold 40%.
This great news about the visa is something that should bring change to public sentiments.

Hi guys,

Just wanted to say thanks for all the interest in Santorini derived from this website.

I'm pleased to say that we have sold 70% of Santorini and expect to be completely sold out over the coming months.

We still have a few packages and units available for those who are interested.

This place is a great resource and I hope that I have answered all of your questions and enquiries to your satisfaction.

Again, thanks.

Danna Celeste told us here - perjaps she should be called Marie Celeste ???????not seen or heard of since
40% sold will be while before you can start then ??

I believe the person who informed you had wrong information.
We have actually sold 40%.
This great news about the visa is something that should bring change to public sentiments.

Actually starting to build will "bring change to public sentiments". A visa for a bit of dirt in the middle of no-where aint no good to anyone. :ohno::bash::lol:

With great pleasure and contentment Stallion Properties proudly announces that all current and future investors in Santorini „A piece of Greece‟ will be offered the opportunity to obtaining a residence visa. This option is offered exclusively to Stallion Properties.
Live is Santorini as a resident and not just as a visitor!!!

Visa seems to be a good starter.

i hope they can bring it in every emirate in UAE. When do you guys start construction? and what is the status of the Marjan island? has the plot been handed over? What is the story behind Aspire?

pushing a lot of questions but lets see, cz i was at a point very interested to buy at this project.

Visa seems to be a good starter.

i hope they can bring it in every emirate in UAE. When do you guys start construction? and what is the status of the Marjan island? has the plot been handed over? What is the story behind Aspire?

pushing a lot of questions but lets see, cz i was at a point very interested to buy at this project.

Let me answer your questions one at a time.

-For Santorini we are running at the tendering stage where in we are on the verge of confirming the enabling contractors. This would mean that it would take about 45 days from yesterday to see some work on the plot.

-Island 2 (where Santorini is) has already been handed over and I would be posting some latest pictures very soon in the forum.

-Yes, the plot has been handed over.

-Aspire used to be our exclusive brokers for this project but due to its recent freefall we had decided 3 months ago to part ways and we have no associations with them and we wish them best of luck.

Thanks

You guys still owe me commission!

You guys still owe me commission!

Please email me on anastasia.e@stallionpropertiesfzc.com and let me know exactly about your case and I will see to it that it is addressed.

Thanks, i have.

Let me answer your questions one at a time.

-For Santorini we are running at the tendering stage where in we are on the verge of confirming the enabling contractors. This would mean that it would take about 45 days from yesterday to see some work on the plot.

-Island 2 (where Santorini is) has already been handed over and I would be posting some latest pictures very soon in the forum.

-Yes, the plot has been handed over.

-Aspire used to be our exclusive brokers for this project but due to its recent freefall we had decided 3 months ago to part ways and we have no associations with them and we wish them best of luck.

Thanks

Is there an escrow account for the payments?

Is there an escrow account for the payments?

The escrow has been applied and I will post the escrow number on the forum very soon and latest by the 23rd of March 2009.

The escrow has been applied and I will post the escrow number on the forum very soon and latest by the 23rd of March 2009.

I have been told that SPA will be issued after 20% payment. ( December )
I still haven't received any contract and in April I should pay another 10%.?????????????????????????????????????????????????????????????????????

I have been told that SPA will be issued after 20% payment. ( December )
I still haven't received any contract and in April I should pay another 10%.?????????????????????????????????????????????????????????????????????

Maybe not for me to say - but no SPA or escrow = no more money. I think that Khoie has taught us all this harsh lesson.

Maybe not for me to say - but no SPA or escrow = no more money. I think that Khoie has taught us all this harsh lesson.

Hi Jasmine Dad

Thank you for your insightful feedback.
By the way, what harsh lesson did you learn from Khoie??????

I have been told that SPA will be issued after 20% payment. ( December )
I still haven't received any contract and in April I should pay another 10%.?????????????????????????????????????????????????????????????????????

Hi Mantapla,

If you do have a specific query or questions please email me on Anastasia.e@stallionpropertiesfzc.com. I would like to go through your specific case and see if we can come up with an understandable conclusion.

Thanks.

Hi Jasmine Dad

Thank you for your insightful feedback.
By the way, what harsh lesson did you learn from Khoie??????

Have a look on the La Hoya Bay [now "deceased"] link. He spent the money on other projects [as it wasn't segregated in an escrow account] and is [apparantly] now in jail. RAKIA aren't saying whether they are taking over the project ...... I could go on. Thankfully I did not invest there but over 800 did. :ohno:

Have a look on the La Hoya Bay [now "deceased"] link. He spent the money on other projects [as it wasn't segregated in an escrow account] and is [apparantly] now in jail. RAKIA aren't saying whether they are taking over the project ...... I could go on. Thankfully I did not invest there but over 800 did. :ohno:

People who did invest in LHB (like an investor friend of mine) were pulled in to sentiment speculation rather that actual figures, the kind of payment plan they offered they were bound to see disaster sooner or later.

So is the case with so many speculators in RAK and Dubai. every thing that goes up has to come down. Its the law of physics.

Hi Mantapla,

If you do have a specific query or questions please email me on Anastasia.e@stallionpropertiesfzc.com. I would like to go through your specific case and see if we can come up with an understandable conclusion.

Thanks.

Hi Anastasia,
I have just sent you email.

Thank you in advance for your help.

Hi

Any update on this project. Has any work actually started yet?

Thanks
d

Hi

Any update on this project. Has any work actually started yet?

Thanks
d


nothing is going on with santorini project on the island!:ohno:
been there last week

there is only bab al bahr, marbella bay and pacific that have some movements on the site

Im just getting ignored from your side, emailing you and Salman the manager, he said they would be some sort of conclusion regarding the matter, but have not heard anything...

The lack of response is extremely un-proffessional and rude. If there is no conclusion or solution a simple phone call or email would be sufficient...

IS THIS PROJECT ON HOLD?????

IS PROJECT IS CANCELED..

People who did invest in LHB (like an investor friend of mine) were pulled in to sentiment speculation rather that actual figures, the kind of payment plan they offered they were bound to see disaster sooner or later.

So is the case with so many speculators in RAK and Dubai. every thing that goes up has to come down. Its the law of physics.

Ahhh wisdom in hindsight; - such a wonderful thing!!!

The idea wasn't such a bad one and a different person may have been able to make it happen.

i rather own in international city then this crap..

i would rather have a roof over my head...

Hi,

Anybody out there?

Investors . . . . or Stallion folk?

Regards,

Hi All,

Where are you?

What have you done and what's happened to this project?

Any investors out there? . . . . . or Stallion folk?

lucky786@blueyonder.co.uk

Regards,

No chance they have disappeared.

No chance they have disappeared.
Another failed Al Marjan project - will anything ever get built.

:deadthrea

Dubai property scam using actresses' names

Investors wage legal battle against property developers accused of swindling Dh9.3 million by making false claims

Dubai: A property scam using Hollywood and Bollywood actresses' names, fleecing investors of over Dh9 million, is among hundreds of real estate disputes holding court in Dubai — literally.

Courtroom legal action continues to put life on hold for Emirati businessman Ahmad Al Falasi and 11 other investors, who face a judicial battle against four Indians who allegedly swindled them out of Dh9.3 million with glamorous claims involving Bollywood actress Minissha Lamba and Hollywood movie star Tara Reid in a development.

Dubai's Al Falasi said he was swayed by the legitimate-sounding lies told by the men behind the Santorini Development, a Greek-style cluster of apartments, villas and hotels on man-made Al Marjan Island off Ras Al Khaimah.

The men claimed that the two celebrities were looking to buy property on Santorini development, due to be finished this year. Today, however, the development remains nothing more than 463,321 square feet of barren desert.

Article continues below

However, Al Falasi's case is not unique. Thousands of other buyers, sellers and developers are wading through the legal system, attempting to pick up the pieces from the 2008 property crash.

Dubai Court reported that it dealt with 10 times more real estate cases in the year after the financial crisis hit — 1,541 in 2009 compared to 137 in 2008, or a 1,024 per cent increase. Most of 2009 cases, 75 per cent, were still on-going and were transferred to 2010.

Case statuses for 2011 were unavailable. But it's a different scene compared to 2008. Back then, at a glitzy launch party attended by the media, it was alleged that Lamba was hunting for a property on the development and "finalising something very soon'', while Reid was not far behind.

Hollywood a long way off

Hollywood was a long way from the company's back-street office in Bur Dubai. This was where Stallion Properties owner Ankur Mehta, along with partners Sosheeta Phillip Desay, Sanjay Jayantilal Mehta and Naresh Mehta, designed glossy material promoting the 560-unit development.

Suspicion set in for some investors around February last year when the building had yet to start. They learnt that the development was built on broken promises and they didn't even own the plots of land for which they were making progress payments. Questions have now been raised as to whether Stallion Properties even owned the land, with no title deed to show for it.

Al Falasi visited the back-street Stallion Properties Office to find the owner and demand answers. But Naresh Mehta did not show up, so Al Falasi and other investors made sure their next cheques failed to clear. They are now facing court cases for bounced cheques brought against them by Stallion Properties last year. Al Falasi said one Indian investor already spent three nights in jail after flying back into UAE and being arrested at the airport, while Al Falasi has been prevented from travelling overseas until the case is closed. Meanwhile, his US studies to complete a masters in film studies are on hold.

Al Falasi is optimistic his experience would never be repeated as a new service has been set up last month to avoid more cases going to court. The resolution and mediation service which was launched in January 2011 is expected to reduce litigation by 20 to 30 per cent this year. Resolutions are expected to be reached within a 30-day period and include a 50 per cent refund of the case registration fees if a resolution is found.

Parties will discuss their dispute with a mediator until a legally-binding settlement is reached.

Meanwhile, Al Falasi's courtroom battle continues. Three of the men behind Stallion Properties — Sanjay Jayantilal Mehta, Naresh Mehta and Ankur Mehta — have been convicted and sentenced to jail for three years by the RAK criminal court for seizing money from investors by trickery.

But, they have appealed and the investors have yet to be paid back the Dh9.3 million they lost, as the civil case against Stallion Properties goes on and on

May be RAK court should do the same to Mr Azzam the developer behind Blu Mirage i.e lock him up for good.

May be RAK court should do the same to Mr Azzam the developer behind Blu Mirage i.e lock him up for good.

Guys does anyboy know the status of santorini island RAK , is it beinfg developed or not , last i heard the developers stallion properties were imprisoned?