Hi X5i,
I had been to office of Al Masah real estate last week. Didnt meet the owner but one of the business development manager. Couldnt get much info. But became a bit nervous when i came to know that the SELLER (the real developer of Jouri) is an offshore company New World Investment Limited. Based out of the Offshore Free Zone in Jebel Ali and represent by Al Masah real estate.

upon further inquiry I have found that all the projects of New World Investment Limited in Dubai would be sold by Al Masah real estate and managed by World Wide Project Management and all these 3 companies (New World Investment, Al Masah Real Estate and World Wide project management) are owned by the same owner Dr. Abou Taleb Talebi who is Iranian by nationality

Does anybody throw light on the below
1. What is an offshore company?
2. How safe can be a legal standing of an offshore company undertaking such mega million projects?