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Latifk Offline
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Posts: 3
Join Date: Jan 2008
Default Re: Invested in Champion Tower - 30-01-2008, 01:14 PM

I reside in Australia and would very much appreciate any information on a developer called SALYA HOMES. I am interested in buying a condo in Dubai Sports City, a studio.

I know they are incorporated in the UK but would appreciate more info on their credentials as I have read horrendous stories about projects going bust and even saw an article on a project that was supposed to be a condo but the developers changed it to residential!! An investors worse nightmare!!!

Has anytone bought GIOVANNI BOUTIQUE SUITES? SALYA HOMES is the developer of this and it sounds excellent in the glossy internet adverts but I need much more reasurrance since I am, just like the most of us here, buying property at the click of a mouse, thousands of miles away.

What is the protection (apart from paying into an Escrow account) to the investors against rising costs? Will the developers legally have the right to demand more and more till project completion, despite contracting in black and white to an agreed figure initially?

Please assist guys to which I shall be very thankful.
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