Pyamod concerns around investor property

hi.
i bought one bed apartment in this project (gs2 PYAMOD ) and payd 30 persent PRICE .the counstruction hasnot started yet ,the agents dosnot reply to me .i think we have wasted our money .all of them are froud.if some one decided to take an action aganst companiy please inform me .what should i do? if some body help me i am ready to give all its fees.my mob number in iran is:
+98-917-171-1874
best wishes

hi.
i have bought one bed room apartment in this project (gst2 or german sport tower 2 PYAMOD ) and paid 30 persent PRICE .the counstruction hasnot started yet ,the agents dosnot reply to me .i think we have wasted our money .all of them are froud.if some one decided to take an action aganst companiy please inform me .what should i do? if some body help me i am ready to give all its fees.my mob number in iran is:
+98-917-171-1874
best wishes

Hi,
I have purchased from them atudio at GST1, paying 50% of the apartment 3 years ago, 6 month ago they informed me that they have transferred the payment to escrow account and now asking me to pay 5000 dr to register the unit to my name through land department. I am ready to join you for any joint action against PYAMOD

Hi to all,

I am a client of Pyamod and i had invested my money in 4 units owned by this company.I do know that the company has problems,but what i do not understand is why people waist their time to change pieces of newspapers just for fun.The original article is below and has nothing to do with Pyamod.The person how posted this had only changed names and locations…..Pathetic…

Wednesday 27th May, 2009

Dubai property market beset by fraud claims
Big News Network.com Thursday 24th April, 2008

Claims of scams, fraud, and embezzlement are hitting the real estate market in Dubai.

The multi-billion dollar construction craze which has attracted investors from all over the world, has seemingly brought in unsavoury types who have been preying on the never-ending appetites of locals and foreigners lining up to invest in the market.

A UK company which claimed to have acquired a 900-apartment plot in the proposed Jumeriah Village project, has reportedly sold off apartments in the plot, with no prospect of them ever being built. The company, Strategic Property Investment, and its associates, William Cowe and Mark Emlick, are being investigated by Dubai and UK authorities.

Dubai authorities are also investigating the mysterious Al Areifi Tower being constructed at Dubai Marina. As we reported several weeks ago, Khalid Saud Al-Areifi & Partner Co., of Riyadh Saudi Arabia, sold several hundred apartments in the project off-the-plan some years ago, taking full payment upfront.

In recent weeks the owners of the apartments have been receiving telephone calls and faxes from Al Areifi representatives in Saudi Arabia advising them construction on the project had stopped and would not be resumed. Investors say they have been offered their original cost, plus interest, back.

We have sighted one of the letters sent which verifies the investors’ claims.

When we visited the site two weeks ago we found construction in full swing. We contacted the builder on site who confirmed there had been no disruption to the construction and it was proceeding at ‘full steam.’

Reports are now circulating that Al Areifi sold the site to the newly-formed, Abu Dhabi-based, Eskan Properties. A report in Gulf News Friday, however quotes a company spokesman as saying, ‘We sold the tower on again a week back.’

Having bought their apartments and paid for them in full, well before construction started, investors are now wondering how ‘their’ apartments could be on-sold, on two separate occasions since.

Several calls to Emaar Properties, the master developer of Dubai Marina, where the project is sited, have not been returned.

Meantime the investigation into the conduct of the former CEO of Dubai’s second largest property developer, Deyaar, has been widened. According to Dubai’s Attorney General, Essam al-Humaidan, a second person, Ganesan Krishna Kumar, 49, has been arrested in connection with the investigation. Kumar, originally from India, was a co-founder, and is managing director, of the Dubai-based advertizing agency, Masterbrand (ME) Ltd.,

Two other men have also been detained and questioned, but have since been released.

Zack Shahin, Deyaar’s ex-CEO is being probed in relation to claims of possible embezzlement. Deyaar has more than 1,600 apartments, as well as retail, and office complexes, under construction in Dubai.

The glitz and glamour of Dubai’s red-hot property market must be feeling the heat of the latest troubles, coming on top of the debacle surrounding the Damac project on the Palm Jebel Ali.

Damac, which claims to be the largest private property developer in the Middle East, sold apartments off-the-plan in what it called the Palm Springs project, a luxury apartments and resort project on the Palm at Jebel Ali.

Four years after launching the project, Damac wrote to investors saying it had been abandoned as the master developer of the Palm had changed the plans and the project could not now fit the site.

Within days the master developer, Nakheel, announced it was unaware of Damac’s claims, and that the changes which Damac referred to had been made ten months earlier, and Damac was happy with them.

A hastily convened meeting by the authorities, involving Damac and Nakheel, resolved the matter, with Damac agreeing to proceed with the project. That action averted a class-action lawsuit against Damac by at least sixty angry investors, most of whom were from the UK.

Regards,Lambe

Hello

My name is Soheil and I come from Sweden, but Originally from Iran. My grandmother have paid around 1.200.000 Dirham, for 2 apartments in sports tower, she is asking me what happend with the project, what happend with pyamod? Anyone have answers? Please Write to my email: Soheilrajab@msn.com

ciao sono fabio, io e un mio amico abbiamo acquistato dalla Pyamod due studio nella German Tower 2 in Sport City. Abbiamo pagato l’85% del prezzo pattuito rispettando tutte le scadenze contrattuali. A Giugno 2008 avremmo dovuto avere i nostri immobili ma i lavori non sono mai iniziati.Le motivazioni addotte dalla società sono che vi è un contenzioso con le autorità di Sport City per una strada che passa proprio nel lotto di questo palazzo. Ho scritto alla società e non ho mai avuto risposta.Adesso questa società è stata venduta e Roland Paxino non è più l’amministratore delegato.Mi dicono che il prossimo Gennaio si saprà se il progetto verrà spostato. Qualcuno sa qualche cosa più di me?? Sono pronto a partecipare a qualsiasi azione legale con chi ha gli stessi miei problemi

Here is the Italian to English translation:
Hello, I am Fabio, I and my friends have bought from two Pyamod study in German in Sports City Tower 2. We paid 85% of the price to meet all deadlines in the contract. In June 2008 we should have our property but the works have never iniziati.Le reasons given by the company are that there is a dispute with the authorities of Sports City for a road that runs right in the plot of this building. I wrote to the company and I never had risposta.Adesso this company was sold, and Roland Paxino is no longer the administrator delegato.Mi say that next January we will know whether the project will be moved. Anyone know anything more about me? I am ready to participate in any legal action with those who have the same problems my

I have 4 appartments taken GST-1, made almost 70% payments, after hearing a lot and sent them the waring letters they turned back saying good news, project will start in jan’10, but it was fake only as thee is no sign of that, then i decided to visit them, we found all together a different story, the company had been sold twice and they dont have the money few phillipino ladies were sitting there joking and laughing together seems we entered in a restaurant, there was no response when we asked then a phillipina came to us told that she doesnt know anything, company doesnt have the money at all to refund to their investors. and funny part was she told that they ar not entertaining any refund cases, even she thretened us “do whatever you want to do.” later she whispered “even govt can do anything” we are in hopeless stage.

now i asked and request to all the investers with this cheater company, please let us come all together, write to the local media and make a forum and comlaint together to the honorable courts of dubai, this company is a dirty shit, and eating the peoples hard earned money in front of our eyes.

so please investors love your money, recognies your values and join together against these cheaters.

regards,

gautam

mobile +971 55 248 1100

Hi all,

I own 4 units (%25 paid) in GST2, 4 units (%30 paid) in GDET, and 2 units (%10 paid) in MMT, unfortunately construction didn’t start except for MMT. After several months struggling with their lousy customer service employees, who are complete retards and act like absolute idiots, I requested a meeting with the new CEO and I succeeded in meeting him the next day itself.

I explained my issues to him and my request of getting a refund for my units since construction didn’t start yet and urgency of this money to me at present, he explained that they are in the process of solving the problems of all projects as follow:

- Conducting an internal audit for all projects accounts.
- Restructuring the company and associated projects in order to come up with solutions to clients.

In the meanwhile they’re trying to get necessary NOCs for the building permit from concerned authority and shall start construction immediately; well to be honest he proved to me that construction has started on MMT 1 week after obtaining the necessary NOC.

He also showed me some documents which proves that their companies are registered as approved developers with RERA, as well as all projects are properly registered and have escrow accounts. We also double checked it on RERA web-site in which it confirmed the same. He also proved that all my units are registered properly in the Land Department’s system, and indeed all my units were registered under my name. They also have a RERA approved payment plan linked to construction which I saw.

What I understood from him that they have acquired the company recently and their top priority was to put all legal documents in place as well as getting the building permits and NOCs which takes time. And he confirmed that within the next month construction should start in all projects.

Unfortunately my refund request was not accommodated; however, he advised me to wait until the next month and witness the construction of other projects.

The CEO was very helpful and it seems that the new management are very serious about the projects, but I believe that they came tooooooooooo late and I really hoped that they were their at the beginning.

I consulted several friend lawyers and all have different opinions about my refund case. Some encouraged me to seek legal action while some have advised me not to since legal fees could cost me more than what I have paid. I really hate to pay anything for lawyers and get zero result, since I don’t have that much resources at present.

I am completely lost, can you help me cause I’m in a desperate need of money.

Hi Everyone,

Firstly I and my friend both purchased studio apartments in German Sports Tower 2 in August 2006……. I guess that was the worst day of my life……lol Since Paxino done us all there have been two more new CEOs but I guess they have all learnt the same script as they keep saying the same…… I am from London and I have other properties In Dubai and they touch wood are OK….. Pyamod are not good developers and I have lost all my faith In them…. I travel Dubai very often almost 3-4 times a year and currently I have a court case with them Since 2008 November……Legal fee’s are expensive as they can cost almost the same or more of what I have Invested…….Well Currently I am In the middle of court proceedings and I am hoping something good can come out of this case……..I just feel Sorry for every single one of the Investors who have Invested with Pyamod….. We just dont all realy know what to do with this company……well If there are any outcomes on my case I will Inform you all……..

Hi guys,
I also invested 210,000 Dir at GST1. I visited the company one month ago and talked with a girle named somayeh, she repeated the same routin lies that the project will start in 6 month. She also told me that they have not money in their escrow accounts and all i can hope for is to somone important to come and purchase this company. I think we have is to forget our investment. The only workable way is to come together 40 -50 investors and make a poerful voice to rera and this company. I am ready to join. Tel. 971501500136

I bought a unit in Feb 2007 in GST-1. Praxino stole our money and left Dubai. The only hope is that all of us investors get together and try to do something again Paymond through Dubi Government. If you guys want to get together and put our hand together, I’ll be with you.

I’m form Iran and about two years ago I bought a unit in Pyamod’s German Technology Tower I (later renamed to Munich Millenium Tower I) in the DSO-Dubai Silicon Oasis. There has been no construction and I already paid almost $70,000. I’ve been asking them for a refund but the company is ignoring my emails and messages, I visited them once about 10 months ago. They said there is nothing they can do. They basically said they don’t have money to finish the project and they don’t have any money to return to us and we can go file a complaint if we want, but we won’t be getting any money, because there is none. They didn’t use the word ‘bankrupt’ but that’s what they were describing the situation of their company to be. Any thoughts anyone? Has anyone been able to get any money back from this company?
Please reply if you have.
What do you guys think?

I bought a studio in GST1 having same problem like the others, the case is in court constructors against Pyamod for payment, I do not know where is the owner of this company is the famous Sheikh Saeed, it seems the law and order in property sector is in complete mess in Dubai.So called RERA does not respond to investor´s problems it seems no one care for foreign investments. This does not happen even in least develop countries. The best is to get together and file a case against these arrogant people.

Roland Paxino is a criminal and must be reported to the interpol. paxino is hiding in Monaco according to our investigator…the only way to bring him to justice is to file a criminal case in UAE and then take it to the Interpol for his arrest….the sooner we do it the more chances of recovering most of our money. We have a copy of his passport if needed. We are a USA and European company which has invested with Pyamod and facing the same problem regarding this fraud. we must not give up until we recover our investment back.

if you’re looking for Mr. Roland Paxinos(Pyamod) I know where he is.He is living in hotels in Europe.
Roland Paxino left Dubai Dec 2008, and work has stopped. … Buyers are also considering a criminal action against Roland Paxino for fraud.
I want to help all people who have been wronged and lost money because him.
Contact me if you need information about him.
I can help
Best Regards
bunte@ymail.com

DEAR FRIENDS,
ANY UPDATE? Doese anyone meet the pyamod in recent days?

any news or updates? these guys think if they keep changing their office locations, they are running away i live all the way down in Francd it’s very expensive to travell to dubai if you guys been to their office lately please share you comments i invested over 45000$ in pyamod in german sport tower 2

Claims of scams, fraud, and embezzlement are hitting the real estate market in Dubai.

The multi-billion dollar construction craze which has attracted investors from all over the world, has seemingly brought in unsavoury types who have been preying on the never-ending appetites of locals and foreigners lining up to invest in the market.

A German company which claimed to have acquired a 2000-apartment plot in the proposed all Dubai’s projects, has reportedly sold off apartments in the plot, with no prospect of them ever being built. The company, Pyamod German Developments, and its Fraud associates, and sales agents, are being investigated by Dubai and Germany authorities.
- German Sports Tower I
- German Sports Tower II
- Munich Millennium Office Tower I
- German Supreme Residences I
- German Supreme Residences II
- German Supreme Tower I
- German Supreme Tower II
- German Design Tower I
- PYAMOD Paradise
- German Design Villas
- German Skyscraper I
- German Sky Tower I
- German Sapphire Tower

Dubai authorities are also investigating the mysterious German Towers being constructed at Dubai Sport City, JVS, Slilicon Oasic . As we reported several weeks ago, Roland Paxino & Partners .sold several hundred apartments in the project off-the-plan some years ago, over 10 projects taking payments upfront. had sold the project on the basis that it would have been ready by June 2008. So far, no construction have been started. Roland Paxino left Dubai Dec 2008, and work has stopped.

In recent weeks I’m owner of twenty flats receiving calls and faxes from representatives in Pyamod Developments advising me construction on the project had stopped and would not be resumed. I have been offered their original cost, deducting 9% commission to Real Estate Agents + 3% documentation fee, back. Means 12% less money that I invested 4 years ago, losing more than 7million AED in deposits after Roland Paxino abandoned the scheme and fled the country to Europe “We lost our money, our flat, our future — everything,” with a sales brochure promising prospective buyers that it would “add comfort, security and joy to your life”

We have sighted one of the letters sent which verifies the investors’ claims. Over several hundred by order of Dubai Court in favour of the Case No 361”. Buyers are also considering a criminal action against Roland Paxino for fraud.

When we visited the site two weeks ago we found no construction in progress. We contacted the builder on site who confirmed Mr. Roland Paxino sold the site to the newly-formed, UK-based, Properties. A Sales Agent however quotes a company spokesman as saying, ‘We sold the towers on again a week back.’

Having bought their apartments and paid for them almost in full, well before construction started, I am now wondering how ‘my’ apartments could be on-sold, on two separate occasions since.

Several calls to Sport City Properties, the master developer of Dubai sport city, where the project is sited, have not been returned.

Meantime the investigation into the conduct of the former CEO of, Pyamod German Developments , has been widened. According to Dubai’s Attorney General, few persons has been arrested in connection with the investigation.
Two other men have also been detained and questioned, but have since been released.

A hastily convened meeting by the authorities, involving Pyamod and Master Developers, resolving the matter. That action averted a class-action lawsuit against Pyamod by at least sixty angry investors, most of whom were from Iran.

GERMAN SPORTS TOWER 1
your contract with Pyamod, if you have one, will state that disputes will be resolved by arbitration at dubai chamber of commerce. the 135K dhs fee is the total fee which can be recouped if you win the case. there will be no appeal. one decision and it is final. mr ronald paxino has vanished with all investor’s moneis along with a number of highly exclusive cars and a couple of multi million dollar boats.
pyamod has no assets and its not worhwhile taking them to arbitration. there should be a criminal case against paxino. only 5 projects, which are in sport city and silicon oasis, presold by pyamod are earmarked for completion. all other projects are DEAD n GONE.
pyamod has started 2 towers in silicon oasis. for GST-1 they are in the process of cancelling non paying investor contracts and paying off the contractor and obtaining finance. they think it will be jan-feb before they can make a start. that is our only hope. all contracts for GST-1 are now registered at dubai land dep. you can get a copy from them.
the above was given to me by pyamod in person.

I will try to help a few people.

I worked at Pyamond for two to three weeks. I bought an apartment from them in 2007 thru a real estate agency and then they closed the contract thru a sales agent named “paul mokhtari” I later brought him a few more clients from Iran and I would collect a 4% commission. no one pays that much commission, and the only reason they did was because they had no plan of building them. I later started working for them as sales.
the head of pyamod is not Roland Paxino, even though it seems like that. the master mind behind it is a man from Pakistan named “eftekhar”
him and two of his brothers named “esrar” and “imtiaz” pulled off this scam. this was well planned and they used Paxino as front man.
most of the money has gone to “Iftikhar” and his brother “Imtiaz” (he was the sales director), they pulled off these scams and they knew about it the whole time. and they had the sales persons such as “mokhtari” get bribes and other gifts so they keep everything quiet. Imtiaz and Mokhtari are still in UAE;
Paxino blew most of his money on furniture and his show room and couple cars and boats, the best way to get anything out of this company is to go after the master minds, they later opened another company advertising the same concept “German Engineering.” their company’s name is casamia. you guys have better chance of success if you go after the three brothers and the sales persons.

GERMAN SPORTS TOWER 1
your contract with Pyamod, if you have one, will state that disputes will be resolved by arbitration at dubai chamber of commerce. the 135K dhs fee is the total fee which can be recouped if you win the case. there will be no appeal. one decision and it is final. mr ronald paxino has vanished with all investor’s moneis along with a number of highly exclusive cars and a couple of multi million dollar boats.
pyamod has no assets and its not worhwhile taking them to arbitration. there should be a criminal case against paxino. only 5 projects, which are in sport city and silicon oasis, presold by pyamod are earmarked for completion. all other projects are DEAD n GONE.
pyamod has started 2 towers in silicon oasis. for GST-1 they are in the process of cancelling non paying investor contracts and paying off the contractor and obtaining finance. they think it will be jan-feb before they can make a start. that is our only hope. all contracts for GST-1 are now registered at dubai land dep. you can get a copy from them.
the above was given to me by pyamod in person.

Roland Paxino is a criminal and must be reported to the interpol. paxino is hiding in Monaco according to our investigator…the only way to bring him to justice is to file a criminal case in UAE and then take it to the Interpol for his arrest….the sooner we do it the more chances of recovering most of our money. We have a copy of his passport if needed. We are a USA and European company which has invested with Pyamod and facing the same problem regarding this fraud. we must not give up until we recover our investment back.

are the police involved in this? is interpol involved?

Any news?

Hi sima

who is this imtiaz is he dirictor of profile other company who has gone bustin dubai

any information appreciated.

john

If the next step is to file a criminal case – how do we go about doing so?

I think we should contact the media so we can get more attention about this big problem we all have, if we go together we can do it!

Iam one of this company victims,ipayd 70% of one bed aprt.GST2,ivisited the office several times last year.they offered me anothe aprt.in another project.but they were lying .there is apalasenian fraud lawyer who told me no money can be compensetated,but to wait.they said to me the main reason of delay is to get the new plot which was lately given to them,but the didnt start because they dont have money to start and want to steal more,Imet the new owner assistant who is from local people he told me that his brother bought the company and one of dubai sheiks is his partener and they are trying to rescue the company.but I dont believe that.I think we all should file our cases in court for reference.and write alettter to sheik mohammad bin rashid.Iam going at end of july to dubai and update you.the company has moved to anew location and I will update you about it

This company is moved to new location does any body knows theis address telephone number please urgent..

If any of you are good at english try to look at this site

http://www.uaepm.ae/en/communicate/index.html

We need to inform about this big problem we all have

Thank you.

We are all robbed in daylight robbery . The thieves are
roaming around openly in UAE giving business to other educated thieves the lawyers who claims that they can get your money by paying their high fees.What a place to live invest.Dubai. The only thing can save us is the government if they are sincere.

Hi admin

It is not working the telephone numbers are off. They moved off without informing to their clients.

Emily – my question is – how did you receive this information re German Sports Tower 1 Etc. from Pyamod if as it seems, no one can get a straight response from the two office girls? And why would we believe this to be true anyway?
I certainly hope that this is true because we have a purchase agreement for German Sports Tower 1 which is fully paid up as per agreement and is also registered with the Land Dept (I have checked it with the Land Dept. and they say it is genuine and registered with them).
However, who will build it? Who is assuming responsibility / think that they own the company?

We were sent progress photos of the start of build, before Fanny May and Freddy Mac fd up our lives so I expect that there is at least a few stuctural floors in place for German Sports Tower 1.

Also – we see lots of messages from people wanting to get together to fight the case and share the cost, but we see no action / iniciative. Anyone interested in moving forward should leave their email address on this site. Perhaps ADMIN could set up a site /address where we can all lodge our email addresses?

For your information – we contacted a local law firm rewegarding the cost of an action to try to recover our money and this is their response;

We went through your last mails.

To summarize briefly the conditions and steps necessary to be done to proceed your case we have to explain the following:

– Claiming amount is 647, 973.48 Dirham (amount paid to date)

-According to the Clause of your Purchase agreement “Governing Law and Disputes” your dispute shall be settled by Arbitration (Dubai International Arbitration Center).

– DIAC Fees will be following:
2,500.00 Dirham Registration fee for claims
Cost of the arbitration is following:

For the dispute amount 500,001.00 Dirham up to 1,000,000- Centre administrative fees 7,000.00 Dirham;

Tribunal Fees in dirham and in percentage – Minimum amount-9,500 +1% of the amount exceeding 500,000.00; Maximum- 38,000.00 +5% of the amount exceeding 500,000.00

-Before to apply for arbitration it will be necessary to notify the other party of its defaults.

-To get official information related to Developer and project from Dubai Land Department- we will record case at the Dubai Court of the First Instance- here charge (Court Fee) – 750,000. Dirham; translation charges of your documents from English into Arabic – 70.00 Dirham per page of coming translation text.

Our Legal services fees:

5% of the claiming amount shall be paid an advance upon issuing Power of attorney

5% of the claiming amount shall be paid after the Judgment.

Unfortunately there is big default in the Real Estate Market at this time. And many Real Estate cases have been arose.

However any judgment may be executed:

In event if the Respondent is legal person (LLC, JSC, est.) The debt payment liability shall be extended to its assets,

In event if the Respondent is FZE (establishment), Sole proprietorship- liability shall be extended to the owner’s assets.

In event if there is an escrow account- debt shall be collected from the balance of the account.

So you can all see that it is an expensive business trying to recover your money – and even then, there is no guarantee that there is any money in any account that can be used to pay us all.

Hi Guys
I bought a 1 bedroom in GTS2 about three years ago and paid 30% upfront, I have since gone to dubai twice and they and making me run around and I do really think I have been a victim of a fraud. Please let me know if there is anything can be done. I am In Canada however I can be anywhere in matter of days.
Thanks a bunch
Ramtin
001-514-583-7253
ramtin@abadian.ca

hi all freinds and pyamod victims
my our advice is to cllect all emails and group complaint forward to sheik mohammad bin rashid,he is the only one can solve this issue.
I dont think court or lawyers will help simply because no
dfininte prson can be found to be accused and the company has no cash to cover even 5 % of what we paid.I have prsonally sent email to sheik mohammad bin rrashid hoping for response.our freinds who are living in dubai can help us if can approach him personally on our behalf

Hi Admin

I think that all people who’s email address you have shoukd be asked to answer the following questions:
a: Which Pyamod Project have you invested in?
b: Have you fulfilled the payment terms and paid as and when you should have (or have you defaulted and stopped payments?)
c: Has your Flat been registered with the Land Department?
d: Would you be interested in going to court over this matter, bearing in mind that you will have to pay your share of the costs? Remember – even after spending money on Lawyers for a court case and even if we win, IF THERE IS NO MONEY THEN NOTHING IS WHAT WE WILL GET, even after winning our case.

From there we can decide how to progress.

I contacted the Land Dept regarding my Flat and they confirmaed the next day that my flat was registered correctly with them. their email address is info@dubailand.gov.ae

If we are registered with them then I cannot see how that land can be used by anyone else, other than to build the designated and recorded Project.

Something else we need to know is – Who now owns Pyamod? and what are their Contractual and Legal responsibilities to the earmarked Projects.

The comments made by Arash re several hundred by order of Dubai Court in favour of the Case No 361” is interesting but what exatctly was it and how can we get information and an upgdate on that?

I am sure that Sheikh Mohammad bin Rashid will help us when he hears about how we have been treated by Pyamod and that we all believed in Dubai. People from all over the world how believed that Dubai was a great place to live. Many of us invested in Dubai 2 or 3 years ago and havent got what we payed for.
I am sure that we will win over Pyamod and fraudsters will go to jail. I can fell it.

according to the agreement dated 01.09.2008 relating to apartment no GDET I-2003 .German design tower -1 in Dubai Sport City, I have made all of the payments according to the agreement.
Now, after 2 years from the signing of the agreement, I have received no information about progress of the project, and never Pymod have sent me any information about the project statues.
Please help me

Today I called one of the Pyamod staffs, and asked about the German design tower -1 project , she said that they have started construction of German design tower -1 and they will send me the photos showing the progress of the project

Ayda Youssefpour

Christian – I have looked at the uaepm site that you identified in an earlier posting and I have looked at the questions and responses. They are all from local people.
To go down that root I think we would need the participation of an influencial local sheik.
Anyone know one??

Hi Ayada
Please give us the contact number you called need it urgently. thanks

Weather it is the sheikh or RERA they all know the problem,
we are at the mercy of the government if they want to help us or not.This is Arab world.They are the people who are supposed to be most sincere most upright.Over beloved Prophet was among them .My advice is to be patient, when the crises are over somthing will come up, take care of your health, money comes and goes.Prey to Allah and be patient.

Hi, Nwa
Their contact number:
Cell:00971506003452
tel: 0097143417883(this telephon is disconnected, they said that it will be connected within 2-3 days)
fax;0097143417898

The new Managing Director is Mr. Ihab Quandil

Dear Admin,
Please call me on +971(050)67389899
Yesterday I went to Pyamod and met Customer relation assistant, she gave me site Photos Of German Design Tower 1, I asked for a site visit, she said that they can arrange it after 10 days, Could you please give me your contact number, It is very important to call you

Pyamod.ae site now redirects to SKE holdings and following is letter in one link.

The idea of registering email list and then putting up some ation together sounds good idea atleast to start off.

Welcome to SKE Holding,
SKE Holding was founded to cater the growing demand of real estates in Dubai market. With the collaboration of its professionals who are well-recognized with their unmatched experience in both the real estate development and construction, SKE Holding is being considered as one of the leading firms in the real estate development field.

Under the leadership of H. H. Sheikh Mohammed Bin Rashid Al Maktoum the real estate market in Dubai has witnessed a phenomenal growth prior to the global financial crisis. After the financial crises hit the global market, the real estate market all over the world was affected, but the effect varied among countries. The effect on the real estate sector in Dubai was not of a great concern when looking at other real estate markets.

I believe that today is the most favourable time for acquiring assets in Dubai.

The real estate sector has always been a cyclical investment, which means that you need to identify the right time to buy at the right price before the trend shifts upward. In Dubai the trend has just shifted upward; and therefore, this is a very strong signal to buy and make good profits in the short-term while the long-term would be even more promising.

SKE Holding was one of the first real estate firms to start assets acquisition in Dubai, with the first acquisition of 7 unique projects the company has built a very strong portfolio in the emirate, and we are still seeking more projects to acquire. We believe in the prosperous future of Dubai because we believe in the vision of our leader H. H. Sheikh Mohammed Bin Rashid Al Maktoum.

Sincerely,

Sheikh Saeed Bin Mohd. Bin Khalifa Al Maktoum

hi adnan .who are you.do you work for pyamod.if this true,please tell us more about this change,and when german sport tower 2 construction will start.
i apprecite your response.

Is it good or bad that http://www.pyamod.ae now is SKE holding?

It’s all good news.

They are showing 7 ex Pyamod Projects as having been aquired by them.

I have had an email from the Vice President, Mr. Ihab Quandil, informing me that with regards to German Sports Tower 1, it is 26% completed and they are in negotiatios with the main contractor to recommence the works.

All we need is proff, a paper or something, I dont trust them any more. If somebody can say 100% sure that German sports tower 2 will be build please write it here.

It sounds good but I dont trust them.

many regards Christian

Hi admin,
There new landline number is 00971 434 17 885

we need documentation from them, it’s too easy to tell lies when you call them.

Thanks

Dear all:
their contact number:
+97143417884&5

From the official Dubai Real Estate Regulatory Agency’s web site these are Pyamod Projects as listed having a Plot/Land Registration number:

http://www.rpdubai.ae/rpdubai/home/projects.do?lang=0

Follow this link re German Sports Tower 1 progress

http://www.rpdubai.ae/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/806_20.jpg&projectName=Progress Indicator of German%20Sport%20Tower1

German Sports Tower 2 progress (no progress)It is not stated as being a registered Project.

Follow this link for German Design Tower progress

http://www.rpdubai.ae/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/981_97.jpg&projectName=Progress Indicator of German%20Design%20Tower%201