Comments on: Pyamod concerns around investor property

By: admin

admin — Sun, 05 Feb 2012 21:46:36 +0000

I agree John. They should come to us if the option is to swap or whatever. At this point, we’re not even sure if our money is in the escrow account. They did change the banks – it use to be Dubai International Bank we wired the money to, it’s change now. So they don’t even let us know how much is in there. I’m working on a form to collect names of people so we can work together as a group and ask them.

By: john thomas

john thomas — Sun, 05 Feb 2012 12:31:45 +0000

Hi Daliya
I am pleased for you. We are all pleased for you beause you have found a solution which you are happy with.
However, the rest of us still have the problem and most of us are no longer in the UAE.

What I find crimianal on behalf of those who have our monies is that they never contact us to give us any information. We do not know who is now holding our contracts / our money. Due to this silence it is best to involve the police to track down who is responsible.

Why do who ever they are tell the rest of us what they plan to do? Will they build our Projects? Will they swap for us at our original contracted price? OR will they give us back our money. If they are honest people then they will contact us all and inform us what is happening. If they are dishaonest then the Police will track them down and deal with them. We do not need lawers – we just need the Police.

I hope that it does not come to that but I am sure that it will unless those responsible contact us all very soon to explain what is happening. It is their complete silence thatmakes us believe that their intentions might not be honest and legal.

By: daliya

daliya — Sun, 05 Feb 2012 11:15:57 +0000

Hi everyone; dear john thanks that you knew that i am real. yeah, i agree with you, there are some people who cannot afford it as we got crisis in all business also not only in real estate. i had friends which suffered. but about calculation, well honestly i dont know but they gave me market price and facilities with it. i dont know if they put credit, will there must be law in uae, there must be something. because what i realized that dubai is taking care more than before about real estate and they put stronger role. as before everyone was developer even due they dont have money or knowledge. if its like that, they can not register in my name in rera. they give me exchange agreement and also they had my whole statements. there was one guy on behalf of ske holding overthere. i signed exchange agreement and POA, they took my contracts. i met someone there, they explained me everything. they said they might build 3 buildings but not now in future for those who doesnt want to swap. and what i knew also that there is no cash and only swap or waiting for those 3 buildings.they said that they paid to take this land as well and show me the papers. pyamod was belong to germany guy as others mentioned in comments. he runaway so sheikh saeed almaktoum took ske holding and emwin paid for land and they want to build 3 in future. so i can not wait more time for those buildings to be ready at least i will get rental even due its not covering much. you better contact emwin or ske holding to know more details, i wont advise anything because i dont want you to say that i am in someone side. you might check by yourself. everyone who bought has right to know and follow their matters. we paid for it. we paid what we worked hardly. i am in uae so i met them personally and i felt its better than calling to visit and see if they are good or not.

By: john thomas

john thomas — Fri, 03 Feb 2012 11:09:53 +0000

christian – How will the police help us? Where did you hear this?

By: christian

christian — Thu, 02 Feb 2012 14:55:44 +0000

Emwin dont dont write emails back, I send them 2 emails 1 week ago, But now the police will help us I hear.

By: john thomas

john thomas — Thu, 02 Feb 2012 11:43:49 +0000

emwin’s web site looks like SKE Holdings – all flash talk but no substance, no phone numbers and probably no one to give us any information within two months.

By: john thomas

john thomas — Wed, 01 Feb 2012 10:48:15 +0000

If your story is true Daliya then I am pleased for you. I am even more pleased that you can still afford to pay high monthly or quarterly payments, something most of the rest of us cannot afford. Some of the people who purchased these aptartments are old and cannot afford more payments. They feel cheated, raped even by rich swindlers who have robbed them of their future and left them poor.
There can only be two reasons why a company would offer to swap your unbuilt apartment for one that is already built.
1: You have paid well over the price of this new apartment. As I said before they have bought it for say AED 1,650,000 added on the credit from your documents say AED 500,000 and then they are selling it to you for say AED 2,500,000 so infact they are making a profit of AED 350,000 from selling you another property and you are paying far too much for it.
2: They are sure that your off plan property will be built and the only way they could be sure of that is if they are the owners of the building site.
Tell me Daliya. What happened to your GST contract book? Did they throw it away? Did they get someone from SKE to change the name on the contract from yours to emwin? Did you meet with someone from SKE and both sign over the documents to emwin?
Tell us all Daliya, just who did you meet with and how did it work?

By: daliya

daliya — Mon, 30 Jan 2012 12:37:26 +0000

Dear john;
I am not scam and i am not beside anyone. well, thats make me really sad john. i had gone to lawyers. believe me i paid a lot to lawyers. unfortunately before this situation i didnt know how is the court over UAE or even the lawyers. i was keeping calling them all days and they wasn’t continuing with me the situation. not only one year dear john. i become tired of it. so i left it. then i knew that they are not going to pay for me and lawyer keeping asking money. he give me promises, what he done? did he return my money? no. it wasnt the money for me only but it gave me headaches. i was more angry as you are. but i didnt say for anyone that they are fake or scam.i hurt also, a lot they hurt. as dear christian mentioned they suicide because of this. i dont have money problem but i knew few pepole who sold whole life. of course I am human and real and i feel so upset even more than you for them. i dont earn my money easily as well. i am working hard to have it. more than 18 hours daily. i wont say fake or scam for my lawyers as well. i respect them. i do respect all pepole. they done what they can do. I am real Dear john. it was my experience and i wanted to share it with you guys. thats it. i am not saying to do what you dont like to. who is daliya? is she going to tak benefits from you? of course i am not. just i put comments as the others. so shall i call them also scam?
actually before to do swap, i was searching in google and i found awakash.com and i read all comments and i become sure that pymod isnt going to construct. so i found last solution . actually for my situation it wasnt bad idea. yeah, its right that i am paying now but i am satisfied. i know everyone is angry but its not good to say bad about someone who dont know it. well, in the end it was up to me and it will be also up to you. it was my properties and its your properties. you can do whatever you want to. arent you happy that at least there is someone to answer? i was happy actually . for financially; I am paying monthly more than what you mentioned. but the price was suitable for me and i didnt swap like this. it took me a lot to search. its right that they gave me bigger investment but they really support. i needed someone to support me after a long time investing here and after a long time of headaches. i told to the company if i knew that you had swap in 2008, i was coming to do it immediately.

By: john thomas

john thomas — Sun, 29 Jan 2012 13:13:07 +0000

Daliya – noone will swap unless there is a financial benefit to them. These people will only swap if you buy a much more expensive property and make even more payments.
How much are you now paying every month?? Have you saved money or are you now investing again.
The way it is done is this – they offer you a property that is already built and you sign over your documents from Pyamod (or whoever). In return the property they sell you is at least 70% more expensive than the one you swap with. That is because they are selling you a property that they have bought for say AED 1,650,000 added on the credit from your documents say AED 500,000 and then they are selling it to you for say AED 2,500,000 so infact they are making a profit of AED 350,000 from selling you another property.
I bet that you are now having to make monthly payments of about AED 25,000 or more for two or three years.
This is just a smart way of them selling property at a premium price when infact the property prices are falling.
Not only do they make a profit of say AED 350,000 but they also get your documents for free. So if your building gets built eventually (using the money that you have already paid)then they sell them and all the money is pure profit for them. They are in a win win situation and you end up paying far more than you wanted to, probably far more than you could afford, and also you end up paying well over the value of the property that you end up with.
Do you understand?? Or Daliya – do you actually work for them? I believe that you work for them and that you never owned a Pyamod deal at all. You have bought nothing from anyone but you are posting on here to get us all to fall for this / your new scam.
TELL ME THIS IS NOT TRUE!!

By: christian

christian — Sun, 29 Jan 2012 09:29:00 +0000

Emwin.ae or Emirates World Investments is a fake company, I am 100% sure, try to google emwin or Emirates World Investments there is nothing to see or read about them, and they havent a phone number on there website, it dosent look right.

I think the best way to get some attention is to talk to the media, and tell the hole world that many investors in Dubai have bin cheated, and goverment dont want to hekp, one of the investors have committed suicide because off all this.

The people who have bin cheated have now killed a person because of this