#PROJECT-Ras Al Khaimah: LA HOYA BAY RESIDENCE (Al Marjan Island) - Page 82

Be careful · March 4th, 2012, 08:58 PM

Frank Khoie has no right to cancel peoples contracts. He is a robber be very very careful. Give him no more money, he will take this as well. He will try 100 different ways to steal more money

Monument · March 5th, 2012, 03:40 AM

Khoie is proven to be unreliable. Be very aware.

anacreon · April 4th, 2012, 10:05 AM

Quote:

Originally Posted by Be careful

Frank Khoie has no right to cancel peoples contracts. He is a robber be very very careful. Give him no more money, he will take this as well. He will try 100 different ways to steal more money

Has Khoie actually done this (or even threatened to do this) to anyone?

SayNoToRAK · April 4th, 2012, 09:23 PM

See that FK is now banging on about the Real Madrid deal as the latest saviour for LHB. Praising RAKIA ...... Blah.

Any progress on the investor funding option?

www.almarjanislandrak.com

007agents · June 13th, 2012, 01:53 PM

Hi Everybody,

We have purchased an apartment in Block D (Dolphin).

Can somebody please tell me which site is active amongst other owners, or a forum which is active.

I have been receiving e-mails from Khoie saying they are starting to build is this true or another smoke screen, with nobody active on this site since the 4th of April, i can't seem to find any information. Khoie is asking for my original contract so he can rewrite an up to date contract.

Regards Stephen

Yousuf27 · June 19th, 2012, 08:34 AM

You would be well advised to have someone verify as to whether there is anything going on on the site. It is my belief that - despite an unusually restrained comment stating that construction has started in the last CEO statement on the Khoie website - that there is actually nothing going on. If there was genuinely anything happening there we'd have heard huge trumpeting and fanfare from Khoie.
Your original contract provides for a number of rights which you would be well advised to retain going forward. That contract has been signed by both parties and has yet to be fulfilled. If you allow the contract to be amended you will be giving up any rights you had under the original contract - fundamentally your right to the delivery of a completed apartment or a refund of your money. You should take independant legal advice before you give up those rights. I think most lawyers would tell you emphatically to keep the original contract and not agree to any amendment.

007agents · June 19th, 2012, 04:34 PM

Thank you Yousuf27,

Is there any other forum owners use?

Not many people seem to post on this site.

Regards

SayNoToRAK · July 16th, 2012, 08:56 AM

Latest update http://www.khoie.com/properties/comp..._viewpoint.htm

www.almarjanislandrak.com

MANUTD · July 16th, 2012, 09:05 AM

Quote:

Originally Posted by SayNoToRAK

Latest update http://www.khoie.com/properties/comp..._viewpoint.htm

www.almarjanislandrak.com

I think you mean latest bulls##t dont you ??

SayNoToRAK · July 17th, 2012, 12:01 PM

Quote:

Originally Posted by MANUTD

I think you mean latest bulls##t dont you ??

I suspect so - looks like they are trying for a combination of "finance" and default units to pay the contractor. That's what they tried for BluM and that got us nowhere fast.
www.almarjanislandrak.com

SayNoToRAK · December 5th, 2012, 12:29 PM

Disappointing, but not surprising, that despite positive comments by FK that construction etc was going to start in Sept 2013 there has been zero progress. His latest comments are focusing on the port power station being constructed by 2015 and construction starting in 2013. Whilst FK has no credibility the lack of progress on LHB is a poor indicator of the current AMI status. www.almarjanislandrak.com #1 google search

SayYesToRak · December 20th, 2012, 10:19 PM

Surprising but not disappointing

Cyrus55 · December 22nd, 2012, 10:42 AM

FK is stuck, he can not find the project, failed to get money from investors! And waits for a miracle! The best option for him is to give the land he owns to investors and forget his ambition to be a billionaire!

Monument · January 2nd, 2013, 06:55 PM

Khoie has an office in Al Quoz. What happens in that office? Does anyone sit in that office?

milktrayman · February 6th, 2013, 12:13 PM

Any news on this development guys?

Monument · February 12th, 2013, 03:52 PM

Quote:

Originally Posted by milktrayman

Any news on this development guys?

Seems dead and buried. Only 2 people seem to read this link these days! And Khoie still quote the same line of "nothingness".

SayNoToRAK · March 3rd, 2013, 05:38 PM

Dear La Hoya Bay Stakeholders, March 03, 2013
It has become increasingly apparent that as global monetary uncertainty continues our best option for a construction funding solution will be through an innovative and collaborative approach.

To this end it is Khoie Properties’ intention to place up to 50 million shares at $10 to raise funds for the project. Funds raised will enable Khoie Properties working with its JV partner to deliver Phase 1, which includes the first residential blocks, and to purchase the next parcel of land for Phase 2.

Construction on Al Marjan Island is continuing which is facilitating infrastructure and attracting additional amenities. I am assured by the RAK authorities that additional plans for the Island will be announced shortly to increase investor confidence and help boost the value of your investment. I will keep you updated as news breaks so please keep visiting the Khoie website.

I reiterate that the surest way of a return on your investment is to ‘sit this out’ and with your support La Hoya Bay will become an exceptional resort.

I promise you your patience will pay off.

God Bless you all,

Frank Khoie,
Chairman

Monument · March 5th, 2013, 06:29 PM

Having been to Al Marjan last week it is hardly progressing at a pace! A snail moves faster: it was close to dead as a vicinity.

RAK are going to have to come out with something very special to get any interest in that sand-fill given its history and 4th rate developers attracted to it.

Cyrus55 · March 25th, 2013, 01:56 PM

Quote:

Originally Posted by Monument

Having been to Al Marjan last week it is hardly progressing at a pace! A snail moves faster: it was close to dead as a vicinity.

RAK are going to have to come out with something very special to get any interest in that sand-fill given its history and 4th rate developers attracted to it.

Hi
Do you know if there is any new website for the investors please?

Monument · March 25th, 2013, 04:52 PM

Quote:

Originally Posted by Cyrus55

Hi
Do you know if there is any new website for the investors please?

Not that I know of.

February 6th, 2013, 12:13 PM	#1635
milktrayman Registered User Join Date: May 2008 Posts: 64 Likes (Received): 0	Any news on this development guys? __________________ "He who is not courageous enough to take risks will accomplish nothing in life" ,Muhammad Ali

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March 4th, 2012, 08:58 PM	#1621
Be careful Registered User Join Date: Mar 2012 Posts: 1 Likes (Received): 0	Frank Khoie has no right to cancel peoples contracts. He is a robber be very very careful. Give him no more money, he will take this as well. He will try 100 different ways to steal more money

March 5th, 2012, 03:40 AM	#1622
Monument Registered User Join Date: Nov 2006 Posts: 265 Likes (Received): 1	Khoie is proven to be unreliable. Be very aware.

April 4th, 2012, 09:23 PM	#1624
SayNoToRAK Registered User Join Date: Jul 2011 Posts: 95 Likes (Received): 5	See that FK is now banging on about the Real Madrid deal as the latest saviour for LHB. Praising RAKIA ...... Blah. Any progress on the investor funding option? www.almarjanislandrak.com

June 13th, 2012, 01:53 PM	#1625
007agents Registered User Join Date: Jun 2012 Posts: 2 Likes (Received): 0	Hi Everybody, We have purchased an apartment in Block D (Dolphin). Can somebody please tell me which site is active amongst other owners, or a forum which is active. I have been receiving e-mails from Khoie saying they are starting to build is this true or another smoke screen, with nobody active on this site since the 4th of April, i can't seem to find any information. Khoie is asking for my original contract so he can rewrite an up to date contract. Regards Stephen

June 19th, 2012, 08:34 AM	#1626
Yousuf27 Registered User Join Date: May 2007 Posts: 615 Likes (Received): 0	You would be well advised to have someone verify as to whether there is anything going on on the site. It is my belief that - despite an unusually restrained comment stating that construction has started in the last CEO statement on the Khoie website - that there is actually nothing going on. If there was genuinely anything happening there we'd have heard huge trumpeting and fanfare from Khoie. Your original contract provides for a number of rights which you would be well advised to retain going forward. That contract has been signed by both parties and has yet to be fulfilled. If you allow the contract to be amended you will be giving up any rights you had under the original contract - fundamentally your right to the delivery of a completed apartment or a refund of your money. You should take independant legal advice before you give up those rights. I think most lawyers would tell you emphatically to keep the original contract and not agree to any amendment.

June 19th, 2012, 04:34 PM	#1627
007agents Registered User Join Date: Jun 2012 Posts: 2 Likes (Received): 0	Thank you Yousuf27, Is there any other forum owners use? Not many people seem to post on this site. Regards

July 16th, 2012, 08:56 AM	#1628
SayNoToRAK Registered User Join Date: Jul 2011 Posts: 95 Likes (Received): 5	Latest update http://www.khoie.com/properties/comp..._viewpoint.htm www.almarjanislandrak.com

December 5th, 2012, 12:29 PM	#1631
SayNoToRAK Registered User Join Date: Jul 2011 Posts: 95 Likes (Received): 5	Disappointing, but not surprising, that despite positive comments by FK that construction etc was going to start in Sept 2013 there has been zero progress. His latest comments are focusing on the port power station being constructed by 2015 and construction starting in 2013. Whilst FK has no credibility the lack of progress on LHB is a poor indicator of the current AMI status. www.almarjanislandrak.com #1 google search

December 20th, 2012, 10:19 PM	#1632
SayYesToRak Registered User Join Date: Dec 2012 Posts: 7 Likes (Received): 0	Surprising but not disappointing

December 22nd, 2012, 10:42 AM	#1633
Cyrus55 Registered User Join Date: Mar 2008 Posts: 113 Likes (Received): 0	FK is stuck, he can not find the project, failed to get money from investors! And waits for a miracle! The best option for him is to give the land he owns to investors and forget his ambition to be a billionaire!

January 2nd, 2013, 06:55 PM	#1634
Monument Registered User Join Date: Nov 2006 Posts: 265 Likes (Received): 1	Khoie has an office in Al Quoz. What happens in that office? Does anyone sit in that office?

March 3rd, 2013, 05:38 PM	#1637
SayNoToRAK Registered User Join Date: Jul 2011 Posts: 95 Likes (Received): 5	Dear La Hoya Bay Stakeholders, March 03, 2013 It has become increasingly apparent that as global monetary uncertainty continues our best option for a construction funding solution will be through an innovative and collaborative approach. To this end it is Khoie Properties’ intention to place up to 50 million shares at $10 to raise funds for the project. Funds raised will enable Khoie Properties working with its JV partner to deliver Phase 1, which includes the first residential blocks, and to purchase the next parcel of land for Phase 2. Construction on Al Marjan Island is continuing which is facilitating infrastructure and attracting additional amenities. I am assured by the RAK authorities that additional plans for the Island will be announced shortly to increase investor confidence and help boost the value of your investment. I will keep you updated as news breaks so please keep visiting the Khoie website. I reiterate that the surest way of a return on your investment is to ‘sit this out’ and with your support La Hoya Bay will become an exceptional resort. I promise you your patience will pay off. God Bless you all, Frank Khoie, Chairman

March 5th, 2013, 06:29 PM	#1638
Monument Registered User Join Date: Nov 2006 Posts: 265 Likes (Received): 1	Having been to Al Marjan last week it is hardly progressing at a pace! A snail moves faster: it was close to dead as a vicinity. RAK are going to have to come out with something very special to get any interest in that sand-fill given its history and 4th rate developers attracted to it.