Angry International Investors Demand Investigation in $630 Million Dubai Real Estate

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    • Jan 2009
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    Angry International Investors Demand Investigation in $630 Million Dubai Real Estate

    A major real estate scandal is unfolding in Dubai as 500 angry unit buyers and investors in the $630 million Ebony Ivory Towers project demand a full government investigation of developer Al Fajer Properties and its agent Dynasty Zarooni Inc., according to Ebony Ivory Investors Group." Misleading advertisements and press releases, overselling of non existing space and the missing down payments are among the buyers' documented complaints, according to Moses Oye, a British investor and spokesperson for the Al Fajer Properties Investors Group having investors from US, UK, Russia, Iran, India, Canada & Pakistan. "We are calling on Dubai's Real Estate

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