Ary

[aveshbachav]

why are ARY unit prices different than the normal ones? Any thing "un-special" about them?

[aveshbachav]

What about rentals in one cheque for 1 bedroom? how much can u offer net?

[sanairug]

Because ARy is a mess they are delivering units and there documents are not intact, There reputation in Dubai market is not good They have too many hidden charges. So people try to avoid there unit in re-sale market, that is why they are cheaper then the other units.

[sanairug]

1 Bed i can get 47K one cheque and charge only AED 500.00 admin fee.

[anwar khan]

Originally Posted by sanairug

1 Bed i can get 47K one cheque and charge only AED 500.00 admin fee.

Dear Mr.Nadeem,
I have 1 bed in italian cluster 749sqft(Im not sure about the exact measurement but my flat is a large 1bed flat not 719 sq.ft and with balcony). How much rent am i looking at if u could tell me plzzz?
Many thanks

[wayneis]

anwar khan If you do a search there have been several posts all ready on what rent you can expect.

All ready mentioned the web site dubizzle, great site and its free.

One way to make your apartment more attractive to a Tenants is to cut out the
5 % commission charged by Agencies or those acting on your behalf.

As sanairug is advertising a 500 Dhs fee make it clear that you do not want the tenant to pay any additional commission fees.

It is a competitive market.

[unsu]

"Haji" ARY the biggest Fraud of Pakistan.

So called "Haji" abdur razzak has been indicted in NAB (National Accountability Cases) in Pakistan. He bribed the Prime Minister Shaukat Aziz to have NAB cases against him dropped and in the process defrauded hundreds of Pakistani nationals.

Here is a little story recently published in the national newspaper, thenews.com.pk on June 29, 2007

Shattered dreams

By Ansar Abbasi

ISLAMABAD: The dream of hundreds of Pakistanis to have an offshore luxury apartment has turned into a nightmare with the ARY lately issuing cancellation orders of their allotments in Dubai International City.

While these innocents were waiting for the possession of their Dubai dream houses that they had bought two years back on instalments, they instead received a bombshell — cancellation order. The shocker in each case was accompanied by the photocopy of a cheque containing 90 per cent refund of the principal amount they had paid to the ARY. They were directed to collect the cheque from the respective ARY offices in Islamabad, Karachi and Lahore.

The affectees see it as the worst ever offshore rip-off executed in a unique fashion where after circulating the people’s money in Group’s business for two years they are finally offered 90 per cent refund without any fault on their part. Most of the affectees, including military and civilian bureaucrats, doctors, academicians, businessmen and others, have refused to collect their cheques and are weighing different options including approaching the government on this, what they call, offshore swindle.

These affectees complain that the sorry part of the whole episode is that it is the ARY that has backtracked from its commitments made to the allottees. They say that the cancellation orders have been issued unilaterally and without any prior warning at a time when they were to get the possession of their apartments. It is said that the prices of these apartments have gone very high, a fact that might have prompted the ARY to cancel the original allotments and sell the property in the open market to earn huge profits.

And most interestingly, hundreds of these Pakistanis are being refunded their partial deposit by the Dubai based ARY out of the recent US$10 million offered to the Group by the National Bank of Pakistan. The NBP has also agreed to give this loan to the company to save it from default in Dubai.

The NBP had offered this huge financing to the ARY despite latter’s figuring on the State Bank of Pakistan (SBP)’s list of top loan defaulters in Pakistan besides being prosecuted on “corruption” allegations by the National Accountability Bureau.

The ARY Dubai office is tight-lipped on the Dubai Apartment cancellation issue. However, Karachi based country head of the Group told The News that those who did not make the full payments were denied allotments.

The ARY is though reluctant to give the exact figure of those whose allotments have been revoked, a just formed Islamabad-based action committee of the affectees claims that the number of such ill-fated people is at least 700.

Its Chief Coordinator Dr Salma Kafeel, who runs her own clinic in Islamabad, told The News that she has with her the names of 250 such affectees from Rawalpindi and Islamabad. She said that she was allotted three apartments but got their cancellation orders last week.

Kafeel termed it a “major offshore fraud” and said that despite meeting all the requirements on their part, the allottees received cancellation orders without any prior warning. Almost all the affectees including Kafeel, contacted by The News, confirmed that they were never issued any intimation letter about the cancellation of their allotment.

However, the ARY in its cancellation order to each affectee said, “Reference to our letter intimating about cancellation of your above-mentioned apartment; we have dispatched to you a cheque of AED......./- (different amount) after deduction of 10% received amount as service charges. Please collect the said cheque (photocopy attached) from the regional office in Karachi/Lahore/Islamabad on surrender of your file of the said apartment.” Each of these cancellation order is signed by Altaf H Chishti, General Manager, ARY Properties - Dubai.

According to the details the ARY advertised apartments in Dubai International City for sale on June 27, 2004. The advertisement clearly said, “pay only 30%” and guaranteed “70% financing through Islamic mode of banking” payable in easy instalments over a period of 15 years.

It was also committed that the allottees would get possession of their property “after two years” besides guaranteeing “annual rental income” that would offset the (70%) loan instalments under property management agreement. And the last attraction given was of Dubai’s “Residence Visa” to allottees on the basis of investment.

On the basis of this advertisement hundreds of Pakistanis applied, deposited the required advance and fulfilled other requirement. Within weeks, allotment letters were issued to the successful applicants. Dean Faculty of Engineering Air University Dr Zafar Ullah Koreshi while showing the allotment letter of his wife to this correspondent said that on July 16th 2004 they were allotted apartment No RA1-105-(S1-122) on First Floor at ARY Residencia of International City, situated in Dubai, UAE. Through the same letter, Dr Koreshi said, it was conveyed that M/S Nakheel were the developer of the project.

As per the advertisement, the allottees paid 30% of the cost of each apartment (Rs 1.2m for studio flat and Rs 1.7m for one bed room apartment). In addition to this, registration fee for Nakheel Rs 100,000 were paid by each allottee.

During February-March this year, according to most of the affectees including Koreshi, the allottees were asked to submit documents for 70% promised financing by a Dubai based financial institution. “Later, however, we were verbally told that no Dubai Bank is ready to offer loan to Pakistanis,” Koreshi said.

Afterwards the ARY, according to the affectees, instead of giving any option of either selling their property or arranging loan or finances on their own issued the cancellation orders of their allotment. An affectee Col (r) Ziaul Qamar, presently serving in Nescom, told this correspondent that by doing this the ARY has done a fraud worth billions of rupees against Pakistani nationals. He said that seeing the high profitability because of escalating prices of the apartments in Dubai, the ARY backed out of its commitments and is selling these apartments in open market.

Qamar said that the prices of these apartments have risen 2-3 times. Another retired colonel Masood Baig said that the ARY did not follow any principle while dealing with hundreds of Pakistanis. He said that there has been no breach of agreement on the affectees’ part rather it was the ARY that did not keep its promise and changed its mind seeing high profits.

Baig said that the implications of, what he called, this “100% fraud” are too serious as besides inflicting financial loss upon hundreds of Pakistanis, a chance to increase remittances from Dubai has also been lost.

While most of the affectees have the same tale to share, one Kamran Niaz, who had the allotment in the name of his brother Hamdan Niaz Abbasi revealed that a letter dated May 6, 2006 signed by the ARY Regional Head Pervez A Malik in Islamabad confirmed to him that M/S Nakheel had completed his flat. He was asked through the same letter to update his payments as soon as possible. He said following this letter when he went to the ARY Islamabad office with the offer to pay the remaining amount (Rs 2 million), the regional manager ARY Islamabad refused to accept it. “A few days later I received the cancellation order,” he said.

Dr Kafeel also told this correspondent that she too had offered that she would either pay the remaining 70% amount or would arrange loan from a Pakistani bank but she too got a cancellation order.

Chairman ARY Haji Abdur Razzak and the Group’s GM in Dubai Altaf Chisti were contacted but they were shy to talk to this correspondent. However, the Karachi-based Country Head of the ARY Aslam Elahi when approached admitted that hundreds of allotments have been cancelled. Without giving the exact figure of the cancelled apartments, he said that the allotments were annulled because the allottees were not paying their dues.

When asked as to why did the ARY fail to facilitate the promised 70% Islamic bank financing to the allotees, he initially said that those who had qualified got this loaning but later confirmed that Dubai financial institutions don’t offer loan to Pakistanis. On further probe as to how many and who got the promised financing, he said such allotees are around 100 and are living in Dubai.

He explained that the ARY was not getting the payments from the allotees but it had to pay the committed payments to Nakheel- the Dubai-based developer. He said due to this situation there was no option but to cancel the allotments of those not making the payments.

He said that those allotted apartments in Italian Block were asked in May-June this year to immediately make their full payments in order to get the possession of their properties. Those who made the payments, he said, are facing no problems while others who did not make the payments had to face the cancellation of their allotment.

When asked about US$ 20 million bridge financing including NBP’s share of US$ 10 million offered to the ARY a few months back, he said the said loan money is being used both for the purpose of paying refund to those whose allotments has been cancelled and to complete the project to give early possession to the qualified allottees.

[badguy82]

Hello Guys,

Please see a detailed email thread between myself and Nakheel. I have been asked to contact Nakheel's Resale Department - Alia Khalifah.

Lets hope they are useful.

Regards

Nazir


Dear Nazir,

Should you require assistance regarding the registration of resale of
your unit, you are kindly requested to contact Ms. Alia Khalifa on
alia.khalifa@nakheel.com here copied in this email.

For further assistance, please feel free to contact us.

Regards,

Sara Mohammed

-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Monday, July 02, 2007 12:14 PM
To: Sara Mohammed
Subject: Re: ARY - Correction

Dear Sara,

Thanks for your email.

Please provide me with the contact details of Nakheel Resale Department,
including their email address.

Kind regards,

Nazir Ahmed


----- Original Message ----
From: Sara Mohammed <Sara.Mohammed@nakheel.com>
To: Nazir Ahmed <nazirmahmed@yahoo.com>
Sent: Monday, July 2, 2007 7:12:17 AM
Subject: RE: ARY - Correction

Dear Nazir,

With reference to our below communications and as advised, you are
kindly requested to contact Nakheel Resale and Transfer Department to
register the unit on your name.

For further assistance please feel free to contact us.

Regards,

Sara Mohammed




-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Sunday, July 01, 2007 8:01 PM
Subject: Re: ARY - Correction

Dear Sara,

Thank you for your email.

A point of clarification, I bought the apartment from Mr Altaf Anwar,
not Mr Altaf Shaikh (this might be causing some confusion)

I understand that as is the case with all apartments, ARY will be the
registered owner as per your records till the apartment is not
transferred to the buyer (me). The reason for my complaint is the 'very
fact' that ARY are not transferring the apartment in my name.

Their reason for this is that I have to pay unjustified charges, which I
have already explained before. The delay is being caused by ARY, and
they need to contact Nakheel's Resale Department to transfer the
apartment in my name. I have already asked ARY numerous times and they
have till date not done anything. I do not think I can make much
progress by contacting Nakheel's Resale Department unless ARY agree to
co-operate.

It will be very very helpful if you can try and push ARY to transfer
this apartment into my name. If the matter is left with ARY alone, they
will continue to delay the transfer citing the reason that I have not
paid the charges (which as you will agree are illegal), and this will
cause immense inconvenience to me as well as financial loss.

Your help is greatly apprecaited. Looking forward to hearing from you.

Kind regards,

Nazir Ahmed


----- Original Message ----
From: Sara Mohammed <Sara.Mohammed@nakheel.com>
To: Nazir Ahmed <nazirmahmed@yahoo.com>
Sent: Sunday, July 1, 2007 12:01:25 PM
Subject: RE: ARY - Correction


Dear Nazir,

Please be informed that we do understand your concerns.
Please be advised that the information required related to the charges
due for the handover can be communicated and confirmed only to the
owners of the properties in International City.

As of our records, you are not mentioned as the owner of the property
mentioned; furthermore, Mr Altaf Shaikh is not the registered owner of
the property in our records.
Therefore, you are kindly requested to contact Nakheel Resale Department
to advise you on the procedure of transfer of the unit on your name for
us to be able to confirm the charges due on the handover.

Should you require further assistance, please do not hesitate to contact
us.

Regards,

Sara Mohammed




-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Sunday, July 01, 2007 2:18 PM
To: Sara Mohammed
Subject: Re: ARY - Correction

Dear Sara,

Many thanks for your email.

Please note that had ARY been able to assist me in transferring the unit
to my name, I would not have the need to contact you. Hence 'referring
to the building owner for assistance' is not an option for me. I would
have thought that Nakheel would assist its ultimate buyers in this
situation, where the buyer is deemed helpless in this 'illegal' way.

Secondly, you mention that I should refer to the building owner for
'clarification'? . Please note that there is no ambiguity around this
situation, hence no need for anyone to clarify anything. The facts are
simple, and I repeat.

(a) I have paid 100% of the total cost of the apartment
(b) ARY demand that I pay Dhs 28k in charges, which were never informed
to me when I bought the apartment
(c) Charges in (b) are unjustified
(d) It is clear that ARY are taking its customers 'for a ride' out here.

If Nakheel does not interfere in this matter, I will term this as a big
blow in investor confidence in the UAE, whereby illegal and unfair
practices operate without any regulatory intervention. If this is the
case, please let me know by return email that this is the case, and I
can then take it from there.

Kind regards,

Nazir Ahmed

----- Original Message ----
From: Sara Mohammed <Sara.Mohammed@nakheel.com>
To: Nazir Ahmed <nazirmahmed@yahoo.com>
Sent: Sunday, July 1, 2007 10:54:12 AM
Subject: RE: ARY - Correction

Dear Nazir,

Further to your email below, you are kindly requested to refer to the
building owner for clarification, and assistance for the transfer of the
unit to your name.

For assistance, please feel free to contact us.

Regards,

Sara Mohammed



-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Saturday, June 30, 2007 1:56 PM
To: Sara Mohammed
Cc: ZubairIlyas
Subject: Fw: ARY - Correction

My Apologies,I bought the apartment from Mr Altaf Shaikh, not Mr Altaf
Hussain

Kind regards,

Nazir Ahmed


----- Forwarded Message ----
From: Nazir Ahmed <nazirmahmed@yahoo.com>
To: Sara Mohammed <Sara.Mohammed@nakheel.com>
Sent: Saturday, June 30, 2007 10:54:39 AM
Subject: Re: ARY


Dear Sara,

Many thanks for your reply.

Please note that I have fully paid for this apartment. I bought this
apartment in the secondary market from Mr Altaf Hussain last year. I
have made 100% of the payment.

The reason why my name does not show up as the owner is that ARY demand
that I pay Dhs 28k in charges, before they can transfer it in my name,
and give me the key. The fact that it does not appear in my name is the
very reason for my complaint against ARY.

If required, I can fax you over all receipts of payment given to me by
ARY to prove that I have paid 100% of the apartment.

Many thanks for your assistance and looking forward to hearing from you.

Kind regards,

Nazir Ahmed


----- Original Message ----
From: Sara Mohammed <Sara.Mohammed@nakheel.com>
To: Nazir Ahmed <nazirmahmed@yahoo.com>
Sent: Saturday, June 30, 2007 6:26:21 AM
Subject: RE: ARY


Dear Nazir,

Further to your email below, please be informed that you are not
mentioned as the owner of the property mentioned in our records.
Therefore, you are kindly requested to contact the building owner for
clarification.

For further assistance, please feel free to contact us.

Regards,


Sara Mohammed

-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Thursday, June 28, 2007 3:43 PM
To: Sara Mohammed
Cc: Akram Jazem; Dan Eugen; sherlin Verghese; Mona Hareb; Aziza
Abdulrahman; Halima Diane
Subject: Re: ARY

Dear Sara,

Many thanks for your email.

The building number is U7, and the apartment number is 318 - Italy.

As for the breakdown of charges, I have asked ARY for the past 3-4
weeks, but they have not yet responded. This is another thing that
annoys me, that their reply takes ages. What I do know is that they are
charging Dhs 28k, where as as per my calculation, the charges amount to
Dhs 12k.

I really appreciate your help in this matter, and I hope this issue can
be resolved. Please let me know if I need to provide you with any
further information.

Looking forward to hearing from you.

Kind regards,

Nazir Ahmed

----- Original Message ----
From: Sara Mohammed <Sara.Mohammed@nakheel.com>
To: Nazir Ahmed <nazirmahmed@yahoo.com>
Sent: Wednesday, June 27, 2007 4:38:45 AM
Subject: RE: ARY


Dear Nazir,

Further to your email below, you are kindly requested to mention your
property number and the break down of charges required by the building
owner for us to update you with the information required.

For assistance, please feel free to contact us.

Regards,

Sara Mohammed




-----Original Message-----
From: Nazir Ahmed [mailto:nazirmahmed@yahoo.com]
Sent: Tuesday, June 26, 2007 5:44 PM
To: Sara Mohammed
Subject: ARY

Dear Sara,

I note that you are in touch with ARY with regards to their 'illegal'
charges to customers. Can I please have an update on this as currently
ARY are really giving me a very very hard time.

Kind regards,

Nazir Ahmed

[SAH]

badguy i think dont waste your time pay the rest and get the keys no one can help you there so dont waste your time

[wayneis]

BADGUY

Why did you not have the property registered in YOUR name as you mentioned you purchased on the secondary market when you parted with your money...or am I missing something?

If you reside in Dubai this is what you can do which will cost you very little inconvenience and 100% inconvenience to who ever sold the property to you.

Get your sales Documents, receipts, have them translated into Arabic, copy the originals, take the originals to the Police Station and open a case of Fraud.

You could have the owners of the Real Estate Agent as well as the sales person's named.

Usual practice here is to put the concerned people into jail, pretty much straight away if your paper work is in order.