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Go Back UAE Property Investment Forum Dubai Property Jumeirah Village Problem with project Elements in Jumeirah Village South
Jumeirah Village Jumeirah Village is a freehold residential development that will contain over 6,000 villas and townhouses, set amidst luscious landscaping and unsurpassed leisure and lifestyle amenities. Another masterplan by Nakheel, all villas were sold out on the day of the launch. So, what investment returns have investors seen on this project? Has there really been a resale market for Jumeirah Village, and if so, have people made money? What problems have there been with the development? Discuss the issues here.

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bqsa782002 Offline
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Default Problem with project Elements in Jumeirah Village South - 01-06-2008, 07:04 PM
due to contractual differences between the deveopers Ali Moosa and Sons and marketing company Aspire Real estate, the much talked about project Elements is not taking off. Whereas investors have paid as high as 35% to this project.

To make matter worse the two parties are sending the investors each other, developer telling that marketer has not paid them the money while the marketer blaming the developer

Is anybody in the forum got affected in this project? Do let me know. We all need to team up to fight them
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bqsa782002 Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 25-06-2008, 07:31 PM
I floated this post quite a while ago. Are there no investors stuck like me with elements
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x5i Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 03-07-2008, 10:39 PM
hi

my advice would be to try and get out of this deal asap. Ali Moosa and Aspire have a really bad rep in dubai. If you have paid 35% you should be able to get a refund. your funds should already have been transferred into an Escrow that is if the development has an approved escrow.
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michaelw Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 06-07-2008, 11:24 AM
Why don't you ask the agent that sold you this property to resell it for you?
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x5i Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 07-07-2008, 03:43 PM
Good idea Michael, but also ask the broker for an option of a refund. If he sells it for you good, but I've got an idea that the quickest route would be a refund and then badger both developer and broker for a an immediate refund straight away.

Have they issued you with a contract for your unit(s) and are there any payments due?
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bqsa782002 Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 07-07-2008, 08:24 PM
No brother,
I signed the contract and submitted them to Aspire who claim have forwarded it to the developers Ali Moosa.
But they never signed the contract and sent back to the buyer's there copies

is it normal that the buyer signs the contract first and then the seller signs?
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x5i Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 08-07-2008, 09:40 AM
how long ago was that?

it shouldn't take more thane 2/3 weeks from the time you send them two signed copies and receive the signed copy from the developer?

which broker did you buy through?
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bqsa782002 Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 10-07-2008, 07:08 PM
its 8 months now. The real estate is Aspire based out of the Shaikh Zayed Road and the developer is Ali Moosa based out of Sharjah

I complaint the land department in April but no news

When i follow up Aspire most of the people have left Aspire(its been a year now since i booked Elements) and no one from Ali Moosa talks to me
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dubaiproperty Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 12-07-2008, 12:52 PM
Friend, You go and meet the GM of aspire and find out in what way he can help you out in this situation. If nothing works, better consult the lawyer, or get it published to the gulfnews. Try to solve this matter tactfully.
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bqsa782002 Offline
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Default Re: Problem with project Elements in Jumeirah Village South - 19-07-2008, 08:27 PM
Brother, i would like this to be published in the GNews. Do you know how to approach them? Could you give me some guidance
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