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Northern Emirates Projects in Ras al-Khaimah, Umm al-Quwain, and Fujairah



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Old December 3rd, 2011, 05:05 AM   #281
Boeing747400
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New here

Hello everyone.
I am new in this forum but with the same problem like you. I have two studios in White Bay.
I am a German investor and live in Hong Kong. I used to have an agent but she is no help. So I wonder if I can join your forces.
What do I need to do ?
All I have done so far, sent the claim forms long ago and received a call from a person who offered me a swap to Dubai Sports City which I thought was a bad deal.

Any advice appreciated.
Thanks , Danke
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Old December 3rd, 2011, 07:55 PM   #282
Mensah
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Welcome to this mess, we are making slow progress but the coordinator says he has been busy with his own business. I can pass your details on to him if you leave a private message. I seem to have forgotten how to do it this evening. One of the other members of the group may help.
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Old December 4th, 2011, 02:13 AM   #283
Boeing747400
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Thanks Mensah,
not sure about private messages, too.
Here is my email... bigottkoenig@gmail.com
Thanks a lot Guys.
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Old December 4th, 2011, 09:18 AM   #284
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Has anyone already accepted a swap offer and if yes, how did it go ?
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Old December 4th, 2011, 12:18 PM   #285
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ok I will pass on
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Old December 13th, 2011, 05:49 AM   #286
Boeing747400
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Hi Mensah
thanks for your reply . I have emailed you with the info .
I am wondering why it has become so quiet in this forum... Is it because nothing more can be done in our case ?
It appears that nobody seems to have done a swap , am I correct ?

Thanks for letting me in.
H
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Old December 13th, 2011, 06:06 AM   #287
Boeing747400
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Also I heard that MitVin seems to have settled with an appartment swap.
Is this true and if os, does anyone know the details ?
MitVin, if you read this, could you please let us know , thanks.
My email is bigottkoenig@gmail.com

I will email Mohammed today again, we will see.
H
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Old February 4th, 2012, 04:05 PM   #288
london555
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um al quwain

guys is their any new news?
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Old February 5th, 2012, 10:32 PM   #289
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News is either swap if you want or wait for years; first the liquidators will sue the bank for monies paid. Either party will appeal if they lose. If we win they will then have to convince the local authority to allow partition of the land so that it can be sold. SO a long journey many years.
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Old February 27th, 2012, 06:48 AM   #290
ReuvenJ
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It looks like all the partners are in cahoots to pull the wool over the investors' eyes. .A Liquidator appointed by the Federal Courts has no power to force a local bank to share the relevant details? What a mockery of law...
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Old March 3rd, 2012, 09:33 PM   #291
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Difficult to know what to do;
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Old March 20th, 2012, 07:56 PM   #292
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swap

i been offered swap deal will post details as soon as i have more info!
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Old March 24th, 2012, 07:54 PM   #293
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really interested as to the details of the swap offer. Is it in line with current market trends, or trying to off load property at inflated prices as we are in no bargaining position.
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Old April 12th, 2012, 04:27 PM   #294
ReuvenJ
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Swap Deal

Who exactly is offering these swap deals? The Liquidators? Employees of White Bay (since it is a defunct company)? Enshaa? Doesn't make any sense since none of these entities can do anything legally unless the courts have given their ruling..
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Old April 23rd, 2012, 09:51 AM   #295
Ekram
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I just spoke with a local . I know this man for more than 25 Years... he regrets a lot what happened to me and to so many of us , but he also said he canīt imagine that anyone will refund us our money.
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Old April 23rd, 2012, 05:15 PM   #296
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Somehow I had assumed that we would get some sort of justice when the Federal authorities stepped in. Words fail to describe this despair that many other unfortunate investors are also undergoing.. I feel especially sad because the three properties we invested in ALL turned out to be like this, leaving us with no money to pay the balance on handover for a fourth completed project. God help us all.
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Old July 26th, 2012, 01:50 PM   #297
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Has everyone received the letter from the Liquidators?
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Old July 26th, 2012, 04:04 PM   #298
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What letter are you talking about??....
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Old July 27th, 2012, 08:44 PM   #299
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The update on the status of liquidation dated July 24
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Old January 25th, 2013, 04:13 PM   #300
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Any news regarding the refund of money?????Any action at all????Does anyone have any news at all regarding WB????
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