Skip to main content

Status: Closed — this petition is no longer accepting signatures.

RERA We shouldn't be forgotten...

RERA We shouldn't be forgotten...

Closed — 29 supporters Verified

Final supporters

M
Mahtab
S
Shaza n.
A
Abdullah
M
MOHAMMAD K.
S
shahriar
I
Imraan
R
Raul I.
M
Mohammad H.
S
Someone
A
aljfds
+19 more
Started by Anonymous 13 years, 8 months ago
We are the Investors of the Living Legends Project in Dubai Land by Tanmiyat Group. Many of us wanted a holiday home in Dubai for our families and before that we were part of the successful Tourism Industry that frequents Dubai every year. Some of us were planning to make Dubai our new home. We are not gamblers or speculators that invested beyond our means. Our money was supposed to be protected by the escrow accounts. We were promised stadia and infrastructure. It is now 2012 with no end in sight... The Developers have defaulted on mass scale since according to our contracts our projects were supposed to be completed between 2008 and 2010. Until today we have not received any request for an extension of our contracts and no explanation about why the projects have been stalled. Many of us were asked for more money and some of us were told that the construction was in progress when it was not. Many projects have stalled for years, but those Developers are still allowed to hold our money until "the market improves". Despite numerous contacts with RERA our rights have not been upheld. Furthermore RERA is delaying the cancellation of non-vital projects. We feel that this inaction has an additional negative impact on the Dubai economy and more precisely on its real estate market. It is our belief that if RERA applied the law equally to Developers and Investors, we would be allowed to choose to receive refund of our money as per our contracts and could then reinvest the money in viable projects. If the Developers have misused the money they should be penalized according to the law. We, the undersigned hope for the best future of Dubai. As Investors in Dubai we ask: 1. The Government to stop the Developers demands for additional payments beyond those already contracted; 2. To provide every Investor with escrow/trust fund/invested money information in Living Legends Project by Tanmiyat group so Investors can make informed decisions, 3. We want to know the status of the project every steps and that we want to know if this project is really going to be built... 5.Mediate disputes between investors and Developers and come up with practical solutions -don't send everybody to courts.

6 Comments

M
MOHAMMAD KHAN
9 years ago Featured

WE WANT JUSTICE FROM RERA FOR LIVING LEGEND DELAY PROJECT, WE WAITED 10 LONG YEARS FOR THIS PROJECT TO COMPLETE AND KEEP ON FUNDING SUPPORT TO TANMIYAT,

I
Imraan
11 years ago Featured

if i can't get my money back, i want my price dropped to ae500 per sq feet. My money has depreciated and not too mention the many trips i had to take to Dubai (i am from abroad).

I
Imraan
11 years ago Featured

if i can't get my money back, i want my price dropped to ae500 per sq feet. My money has depreciated and not too mention the many trips i had to take to Dubai (i am from abroad).

M
Mahtab
5 years ago

Our money has been in Tanmiyat 's pocket for 13 year so far.

A
Abdullah
5 years ago

My money is blocked by investing living legends project of tanmiyat .We had to do something against the builder please share me your email adress to take some action my email is [email protected]

A
abdullah alnoeimi
12 years ago

hey guys! for investor want to sell his unit from Tanmiyat, please contact me on my number: 0506383633 or email: [email protected]

Share Petition

Don't stop at signing, share the petition link with friends to multiply our impact

Copy link or share directly

Instagram
QR Code