Vice president calls for immediate land clearance in Lombok
As I have stated earlier, anything with Mohammed Alabbar at the helm is dodgy to say the least.
When Emaar was originally floated they were grossly oversuscribed and the potential investors who were not succesful had to wait a long long time to get their money back.
In addittion, Mohammed went against UAE policy when he offered non UAE citizens the possibility of owning thier own property in the Emirates. The Abu Dhabi royal family went so far as to bar Mr Alabbar from entering the emirate of Abu Dhabi and it took many years before some form off settlement was reached.
The houses which Emaar subsequently built and sold have been full of problems and their reputation in Dubai is not the best.
When Emaar was originally floated they were grossly oversuscribed and the potential investors who were not succesful had to wait a long long time to get their money back.
In addittion, Mohammed went against UAE policy when he offered non UAE citizens the possibility of owning thier own property in the Emirates. The Abu Dhabi royal family went so far as to bar Mr Alabbar from entering the emirate of Abu Dhabi and it took many years before some form off settlement was reached.
The houses which Emaar subsequently built and sold have been full of problems and their reputation in Dubai is not the best.