NewsAvanti to launch three prestigious projects worth Dh 1bn
Avanti Holding has announced the launch of three projects at the same time, in Dubai. The news came to reaffirm the company’s position as a key player in the real estate industry across the U.A.E.
The company already delivered to the market 6 other projects in the last two years in the UAE, the new projects, with a total value of Dhs1bn (Dhs1,000,000,000) are mainly prestigious upper middle class accommodations; the first project, called Serenity Lakes and Giordino Rotondo, will be situated in JVC, while the third one and most prestigious project, will neighbor JVC, the Archery Tower, will be located at the Sports City.
“We are proud to be at the forefront of the real estate industry in the U.A.E.”, says Khaled Chaaban – C.O.O. Avanti.
“The launch of the 3 new projects is a sheer example of the massive investment we are making in the region with an aim to accompany and even lead the boom witnessed by the real estate sector”.
It is to mention that Avanti Holding is completely compliant with the Real Estate Regulatory Authority (RERA) regulation and has been adjusting all its systems to the new regulations to protect all parties interests.
“The move that RERA took in regulating the market is a step rather a leap long needed to strengthen the trust in the market and thus adding value to all stake holders in the Real Estate Industry in Dubai.”
Mr Shabaan commented.
Avanti is also happy to inform its clients that it commenced construction phases on 3 projects: Serenity Lakes buildings, Giordino Rotondo ‘the Feng Shu’ designed concept and Archery Tower in Sports City.
A date to celebrate ground breaking is set very soon.
“We finished the soil tests and ground breaking is set on plan, we are just waiting for last NOC from land department” Avanti Project management dept said.
“The contractors who will be working with us on the accomplishment of the 3 new developments have been meticulously chosen based on rigorous criteria of quality , integrity, and ability to meet our deadlines”, ended Chaaban.
Avanti Holding a master developer in several neighboring countries with total projects value to date up to Dhs55bn including the UAE, is keen on becoming one of the leading developers across the region.
With a clear vision and a can-do spirit, I am confident our objective will be achieved sooner than expected.
AME Info/Press release
Further Reading
« Anara Tower in Dubai | Premier launches Twin Towers in Jumeirah Village Circle »
This Avanti Holding is company owned by a great lier “known as” DR. ISSAM DAOUD. The COO Khaled Chabaan is not aware about documentation and he was saying is not true. How many Serenity lakes this company have? and how many times they sold each unit and the ESCROW ACCOUNT for this project “Ghost”. BEWARE OF THEM
I am worried as well about this shady company.
I found out from RERA that Issam Dauod is Dubai jail and his case is in dubai courts.
not true, escrow account is in place. I also bought from them but i am not worried because they have submitted all their documentations correctly, i checked. And i went to site yesterday and saw machines moving on the land to commence construction. I think they were delayed because they had to redesign the building to comply with a new requirement, i think its green building or something like that.
From your comment Tommy, you sound like a disgruntled employee…get a life man.
My husband and I have invested in Archery Tower, and we faced no problem with the company. We made necessary background checks and due diligence before investing. Although property values in Dubai have fallen in general, we still think this project has good return-on-investment potential.
You are right tommy ponti because now they disappear. their offices closed and their all mob. not working
Check this link it has their contact details, only their office in DIP is shut because of shortcuts in there in their IT systems.
http://www.excellenthost.us/~avanti/contact_us.php
I just talked to them.
But if you need further information why don’t you call their project management company or the construction company, they are the ones responsible for the construction. Avanti offices only do the collection.
Hey guys, Adam is right only their office in DIP is closed. They are making some renovations…i was there yesterday..
I’ve been dealing with Avanti long time ago…i bought from them many properties and i was very happy with the way they deal with customers…Dr. Daoud is a trustworthy person..he is so generous…he used to help people all over the world..Don’t make a big deal out of it…Trust me the company is a good one
I AM SO ENRAGED with this company, words can not begin to describe. Avanti you are really doing some great PR. This company has basically got all of my money so if there are other investors there who want to contact me and join forces, please contact me.
Adam u are wrong cus the number mentioed in the link is belonging to thier main office in Emirates towers which is 04 319 7714 and I checked with Emirates towers management they said they are suspended they are no longer their so this contact you give is rubbish. Excuse me whom do you just contact? can you give a phone number which they answer if you are right
Fouad you are wrong too can you contact him now ? not before
you can contact their offices in Al Barsha near Emirates Mall. Guys ill-trating the people !
Merey, have u ever dealt with Avanti? or u are bored and just wanna criticize the real estate companies? No one can ignore the bad situation all real estate companies are facing. But keep in mind that some companies are self funded, and Avanti is one of these companies which wasn’t affected as the other ones. Their projects are in full swing.
Who are my friend? Why do you support this company and chairmain Issam Daoud so much… We all know he is gone missing. Ive been to their office just yesterday. No one is there. I have 2 of his mobile numbers bioth turned poff. Whatever is the reason we as investors of our heard earned money will view this only as a scam as no information about thier plan of moving etc…wa communicated. I have registered in the RERA website after which you will be able to complain.
full swing!!!!!!!!!!!!!!!!!!!!! Pull the other one!!!!!! Elaboration please Dr. Daoud.
This is the engineering office in charge of this project call them, they will give you a full update on the project:050 4544042
DEAR ADAM
I AM RATHER AMAZED THAT, YOU EITHER DO NOT WANT TO SEE WHAT IS HAPPENING WITH AVANTI OR ARE TRYING TO DEFFEND AVANTI BLINDLY BECAUSE YOU ARE PART OF THE COMPANY AND TRYING TO HIDE AS AN INVESTOR.
WHERE IS THE MONEY, NOT ALL OF IT IS IN THE ESCROW, VERY FEW ARE LUCKY AND HAVE THEIR MONEY IN THE ESCROW. IF AVANTI ARE SO GENUINE WHY ARE THEY IN THE HIDING IN A COWARDLY MANNER, WHY DON’T THEY FACE US. WAKE UP AND GET THE REAL FACTS STRAIGHTENED.
Here here Mohamad.
Adam, have you got an office number for this ‘office’?
Hiba u seem that u didn’t dealt with them long back this is an old office it is closed too.
Adam give an official location and NUMBER not Mobile number
Nayef yes I dealt with them and I am not criticize the whole real estate companies I am just point my finger to Avanti
Guys if they are true company where are they ?????????
the project management company is in Diafa road, thats the GM call him and he will brief you.
I purchased from them a unit in plasides project and I went to their offices they are closed why guys?
Mohammad can you contact me? I also invested.
because they moved.Find bellow their new contact details.
project Management Information center, customer care representative: Ruby Leah Plazo, mobile 050 – 326 4028
Pobox: 31429- United Arab Emirates, Tell+9714 3452022 Fax: +9714 3452027
People they just moved offices, relax.
so why is there new office address on thier website?
Dear Friends,
My attentions was just brought to this website which we will proceed with legal action against immediately for facilitating the spreading of incorrect and defamatory information. The escrow account could be verified online through the authorities, its very simple. We are investigating right now who is Mr tommy ponti!
we are here and working and there is no such thing of the information provided above. Our offices have shifted and all our clients have received notice of the new address, if you haven’t received the email from us then you might be the competition or something else.
For any one who would like to get any information on our construction schedule or how our projects are developing please feel free to contact us at our new location or visit our sites any time you wish, coffee and warm donuts awaits you:
Pobox: 31429- United Arab Emirates, Tell+9714 3452022 Fax: +9714 3452027
Diafa road, Dubai, UAE
project Management Information center, customer care representative: Ruby Leah Plazo
If anyone needs to reach me please find bellow my email address:
Drop me an email addressed to;
Legal Office, info@avanti-holding.com
Our chairman is reachable also at
drid@avanti-holding.com
We all understand the panic which is happening in the world due to the global economy, but so far we are surviving and we will persevere this situation till the end
Legal dept.
Avanti Holding
what about Palisades, what are you doing for the investers of that project.
Sep 14, 2009
Good day,
It is clear that people that invested in Serenity Lakes or any other Avanti’s project is concerned about the situation, basically:
I called Nakheel and they didn’t know about Serenity Lakes. May be the person that I contacted was not aware of this project… and I haven’t call back again.
1) The project is facing a major delay
2) Avanti’s offices at DIP are closed,
3) Nobody answers the phone number of Avanti’s webpage (+971 4 8135700) under the section “contact us (http://www.avanti-holding.com/av_hol_contact.php)”
4) Investors (me included) initially paid installments within a Standard Chartered account which was not an Escrow Account, (I went to RERA to check it), instead of the Emirates Islamic Bank. Of course this happened before the Escrow Account was on service but Avanti didn’t send (at least to me) any notification to continue the payments on the Escrow Account (EIB).
5) There are some inconsistencies between the pre-contract agreement and the contract and purchase sales agreement.
6) The only way to communicate with Mr. Daoud is through email (drid@avanti-holding.com) but I already sent 2 emails (or the same email twice regarding point #5) without having any answer so far.
7) After the email sent by Mr. Daoud on 21/May/2009 in which he stated that “the contractor, will start at site within this month” I have been calling the Albina Project Management on +971 4 3452022 for Serenity Lakes (Serena 2) and the start up of the construction is always expected to start during “this month” but 3-4 months in a row has passed and still I am getting the same answer… can someone clarify why?
9) On 21/May/2009 an email from Mr. Daoud promised that “you will receive a biweekly update on all the detailed procedure of the development” but I haven’t received the first BIWEEKLY update after that message.
10) There is no one that can answer from Avanti, about payment re-schedule, contract issues, timing update, etc. The only contact point with Avanti is just an email that doesn’t reply back.
To Avanti’s personnel, please try to understand that as investor, we know that things can be delayed; we understand that rules and regulations might slightly change… BUT, we need to ALWAYS have a contact or focal point to inform us timely on the progress. If delays occur we just need to know why, so we can expect a reasonable grow for our money in a sound investment arena as it is Dubai.
Thanks and best regards,
Atilio Malave
P.S: you have my contact numbers and email in case you need to communicate with me.
Atilio you are too nice and too patient. Can’t you see they are just buying time from us. I feel like I am living in a 3rd world country with these dealings. All so naive, unprofessional and just generally outright corrupt. Pull the other one ‘Dr’ Daoud. Doctor of what I ask??! Author of what and in what language i wonder, when his English is so blatantly adolescent.
Can I HAve your email please. I want to talk with you about serenity lakes.
Thank you.
Dear. “Legal Department”,
You forgot to mention your name. Please be assured that legal action will be taken against AVANTI. I was not informed about the move of avanti to Diafa road!!!
You better don’t threaten anybody with legal action … you better take care of the mess at your company.
Can you get in touch?? Do I leave you my email address? Cheers…
To Advanti/other investors
I have just contacted the number above and it relates to the devlopers who is managing serenity. It does seem that things are progressing slowly. However my biggest concern is that there is no contact for Avanti. No one responds to the email. There is no tel no, Nothing. I was not contacted when they left DIP. And if the the office has moved where to. The emirates office is also closed.
If anyone from Avanti is reading this then please contact me and your investors and re-assure them that things are progressing and have the courtesy of leaving a contact number if you move office.
The good news is an escrow account has been set up and the funds are secure. I have been advised that projects that have not started and have escrow accounts then you should get 100% of your money back.
Serenity 5 which I have invested in has not started so I am going to keep trying to contact avanti over the next few weeks and if I get no reasonable response then I have been advised to contact dubai courts to retrieve my funds.
Regards
stefan – Investor Serenity lakes JVS
Dear Investors , Please reconfirm if we have paid our money into the correct Escrow account at Standard Chartered Bank Acc no: 01730283501. In the expression of interest the wording does not seem to confirm this is an Escrow account. Please be informed that in this account their AED Dirham account is closed and only their Dollar account is open. RERA are you reading this.
I heard good news lately. A big local company owned by member of the royal family in Dubai is buying Avanti. Issam Daoud will be coordinating with them to build all the projects. I think the guy is working hard and he will stand on his feet again.We are optimistic now.
Are you sure? Because if it isn’t true, I will loose a lot of money. Thank you for anwering me…
I have also been trying to reach the concerned person but could not get in touch with anyone. there has been no responce to my mails for along time and i am concerned who can help me get some answers. in a desperate move i am writing here so that if the avanti holdings people read this them should contact their customers immediately and help clear the doubts.
somebody plz give me Dr Dawoud’s contact number. Thanks
What is the status on The Palisades Development? Money has been taken from the investors yet there has been only limited development at the site in Dubai Investments Park. We, as investors, need to know the status and we need to know that our money is safe. With only limited development apparently having taken place, we expect to have our money returned to us. The project should have been well under construction right now, if not completed, yet we are still waiting for breaking of the ground to occur. I strongly suspect that the development schedule included in the contracts of many people has been surpassed. This surely makes it a breach of contract, and surely allows investors some sort of course of action, included but not limited to a full refund of their invested funds?
Many of us have lodged complaints against the developer, Pearl Properties, as well as Avanti, at the RERA website. Please contact your investors to provide a proper status update.
Please note that the following group has been created on Facebook for investors interested in The Palisades:
http://www.facebook.com/home.php?#/group.php?gid=80763442855
Join if you like and share your thoughts.
Guys,
For those who have invested money with Avanti, I suggest you start going to Dubai courts after verifying that the project is not registered with RERA.
Apparently Dr. Daoud has assigned someone called Maya to handle his emails for him while he vanished either in ‘JAIL’ or fled the country( I will verify this info in the coming week after I visit his close acquaintances!).
The project management company handling the construction of Serenity lakes has no clue about the project updates other than what Issam Daoud has mentioned in the emails. There is also one architect who is apparently working on the project and every time I try to contact him , he seems to go to the ‘bank’ for some reason!
Guys you need to protect your money, so start taking the necessary legal action !
I have been conned by Avanti as well. I would be eager to find out where Dr Daoud is.
To all Avanti investors,
Dev, I hope you’re reading this. The standard chartered account No. 01730283501 is not an escrow account. This is most probably Issam Daoud’s personal account or someone else’s who is helping him with this whole scandal ! The escrow account mentioned in RERA website is 0014-248148-080 in Emirates Islamic Bank.
Serenity Lakes 2 or 5 are not mentioned on the RERA website which makes you believe there is something fishy !
I will be starting to take legal action to secure my money before it’s too late with AVANTI ! If people are willing to join hands against Avanti to secure their funds please send me an email on samerelhaj@hotmail.com.
Dear
I’m an investor too and residing in Canada.
Would like to know how you’re going take a legal action against AVANTI.
I’ll join you to secure our hard earning.
Thank You,
Hello Everyone
I am also an owner of a Serenity Lakes appartment and have tried every option to try an get even a response from Daoud.
A fellow owner/investor provided me with the link to this site.
I have several years worth of correspondence to and from Avanti in which almost every question asked is responded to with either “we will start next month” or “due to changes by RERA, Nakheel or Laws…”.
I have been to speak to lawyers and have been to RERA and lodged complaints. As stated by many others on this site, nothing has come of this.
The following are facts (confirmed by myself personnaly through many months of calls, site visits, visits to banks and RERA):
1 – Daoud and Avanti can not be contacted. There are NO working telephone numbers for either Daoud or Avanti. Their office DOES NOT EXIST. I have been to the location they indicated on their website and in e-mails to us. There is NOTHING THERE!!!
2 – One of the other owners has tried, through lawyers, to contact Daoud. This has failed (no surprise here).
3 – The Standard Chartered Account WAS NOT AN ESCROW ACCOUNT. I have contacted the bank and this account has been closed.
4 – The Emirates escrow account exists. I have contacted Emirates Bank and confirmed that installments are in there.
5 – They cannot,however, confirm if the money from the Standard Chartered account has been transfered to the Emirates escrow account. If anyone knows any information pertaining to this transfer (from Standard Chartered to Emirates Bank) – please advise.
6 – The Dubai Court is the ONLY party which can instruct the bank to release the funds back to us. In considering the legal route, keep in mind that:
The Court costs are based on a percentage of the amount you are trying to recover. This is also the case for the legal fees.
The only thing to do is to combine forces to do a joint case against Avanti. For those people who’s money is in escrow, at least there is a chance of getting some of it back.
7 – Construction has not started. My problem is that if it does, then Avanti will request more money. They clearly do not have enough money to even keep their office open. So how on earth will they finance the completion of the project!!??!
The only way they can hope to do this is to start construction and then get the rest of the money from us. But because so many of us have been scammed, who of us will put more money into a company that does not even have an office!?
If your answer to the above question is “NO, I won’t put more money in”, then rest assured that more people are thinking this. This means that Avanti will most likely not be able to complete the building.
Keep in mind that there is a lot of investors that are in the same boat – Pallisades, Serenity.
I cannot confirm where Daoud is, he is apparantly working through a relative. I see that one of the other people who has commented on this site has contact with people close to him. Have you had any feedback?
If you are seriously committed to taking legal action as a joint group of investors, please advise. I suggest we each send a confirmation e-mail to samerelhaj@hotmail.com.
The steps will be as follows:
1 – note your agreed participation – only if you are serious to go to Court!
2 – Once a list of people has been compiled we can get a lawyer to contact each of us to determine the legal and court fees.
Samerelhaj, please advise if you are able to coordinate or if we must nominate someone else to do this. Preferably someone who has legal contacts or is at least living in Dubai.
Awaiting feedback.
Sincerely
“LetUsTry”
Hi All,
Any upate on Avanti? Anyone know what is happenning and how we can join and proceed in a legal case? I can be contacted on akhtar.zahid@dalgroup.com (I purchased 2 apartment in The Palisades).
Regards,
Akhtar
Dear Investors
I most certianly am interested in forming a joint case for recovery of and i will be contacting as recommended above the folowing email.
samerelhaj@hotmail.com
Interesting I had an email from Avanti claiming they were starting construction copy of email here:
“Dear Stephan,
Kindly find an update on the projects you have invested in, Serenity Lakes.
The contractor has almost completed the Material Submittals ahead of schedule and we are expecting to engage in Excavation work soon.
Kindly also keep record that from this point onwards for any communication, the Project development Company appointed “Albina Project Management” will be your point of contact and source of updates on all technical and logistical issues.
Due to the impossibility of communication through our IT systems from Dubai Investment Park site office, we have closed those offices temporarily to our customers and will be operational soon from another location. Please forgive the inconvenience caused, however the new location is much more accessible to Center of Dubai.
Since the project is totally on the construction process and the payments are done direct to escrow based on construction schedule, you will be updated via email to pay straight to the escrow account, as we proceed with the completion of the construction fazes. if you have paid less than 30% so far , kindly settle out the difference within the following 7 days to the escrow account directly. Please disregard, If you have already done so.
Best Regards
Issam Daoud
—–Original Message—–
From: “Stephan”
Sent: Monday, August 10, 2009 8:22am
To: drid@avanti-holding.com
Cc: info@avanti-holding.com
Subject: Advanti Holdings – Serenity Lakes
To Advanti
Please respond to this email.
I am been trying to contact your office in DIP & Emirates towers. I even visited your office in DIP and they said It had closed.
After searching for hours on internet I found this email and number which is only the developer for serenity.
I am very concerned that I do not know any progress of the site and there is no contact number for anyone to speak to.
Why have the investors not been told of new address when DIP were vacated??
Regards
Stefan 050 5515415″
Like many of you even i am growing increasingly concerned. I have paid 70% and i beleive they have sold one building to many people. the escrow account name is not on serenity lakes 2 and i was asked to pay into that account only 20% rest is all gone in the previous account.i have contacted sameer and am ready to take legal recourse.
Anyone from avanti reading this, please be adviced that you now have to proove on ground reality that you are a serious developer, as we have lost faith in you.
Fellow investors I suggest we organise a meeting to discuss in person on the next steps.
A note to all investors :
I have conducted a few visits in the past few days to confirm some of the points highlighted by many of the invesotrs in this forum. Some of the findings are as follows :
1. Issam Daoud is indeed undergoing serious allegations by Dubai Courts and his passport is detained with the government so there is no where for him run ! ( I cannot confirm any other convictions becuase you would have to start a case with Duabi court to get more details and that entails more fees obviously)
2. I have visited the project management office named ‘ALBINAA project management’ and it is a legit office with proper documentation and legal rights. I have seen the design documents for Serenity Lakes 2 and 5 on two different plots namely 004 and 005. Apparently the two projects are under one name ‘Serenity Lakes’ registered in RERA. HOWEVER , ISSAM DAOUD might have been selling the same unit to more than one person at the time of booking the appartments and that is because my unit itself was sold to omeone else at that time but I managed to resolve the issue with a close friend who was working in Dumeirah (broker). I called my friend (who is no longer working for them any more) and he confirmed that fact!
3. The escrow account for Serenity lakes DOES EXIST in Emirates Islamic Bank and this means that the money of invesotrs in SERENITY LAKES project is safe! However it is not linked to any other project ( PALISADES, REFLECTION ….. whatever other projects AVANTI is claiming to undergo !). You have to make sure that the project is registered on the RERA website. If not, then you have a probelm! Most likely , Avanti used this project to scam many investors into other ghost projects. The money in the escrow account IS SUFFICIENT to complete the construction of both buildings for Serenity Lakes; I have verified the funds in the account itself mentioned in the RERA website.
Investors in Serenity Lakes might not need to be as alarmed as invesotrs in other projects given by Avanti. However, we need to register our units and the only way we could do that is through Avanti. We need someone who is working on the legal documention who could send us the proper official contracts, which in turn would facilitate the registration of the units. I think we might need a clarification of the list of all buyers in Serentiy Lakes project to make sure that the asme unit is not sold to more than one buyer otherwise it would be a scam regardless if the building is going to be built anyway!
Palisades’ investors, and other projects under Avanti, I do suggest that you verify the legality of this project.
I, unlike many of the Serenity Lakes investors, have paid 100% in October 2007 into the stard chartered bank account. This means that I am not even sure whether I will be able to retrieve any of my funds back even if I engage in a legal lawsuit against Avanti. The case would be a bit different if I had sent some of the funds into the escrow account. I will be forced to wait a few weeks to verify what the project management office has told me regarding the project. They expect to start soon (I HOPE !!). The man in charge is Imad Farhat; I have met the guy and he seems to be legit and he is concerned about the delay as much as the invesotrs becuse he is incurring costs related to the delay. I have even seen minutes of meeting with Nakheel , RERA AND ALBINA showing that things are rolling , but slower than expected. ISSAM DAOUD’s relatives have signed guarantees to start construction of the project otherwise ISSAM will be detained by the government!
If you have any comments on the subject, I would be more than glad to hear them. I have already receieved so many emails from concerned investors and am willing to take whatever action is needed but I do not want to incur costs that would not result in any results.
Awaiting your comments.
I have read all your comments and also grew increasingly concerned. hence checked with some of my contacts and was suggested to approach the lands department in a group, i think it is best if we all concerned investors get together and plan a meeting to approach the compitent authority.
We will definately get to the truth.
all interested investors please reach me with your contact details on a new hotmail id created for this perpose serenitylakes2@hotmail.com
Please do not delay if you want to protect your money.
regards,
concerned investor
Hi,
Is this going to be just for Serenity Lakes investors? I’ve invested in The Palisades through Avanti’s Standard Chartered account. Are there any other Palisades investors out there? I can be contacted on: akhtar.zahid@dalgroup.com
Dear Fellow investors,
as we have not heard any news from the developers we are planning an investors meet this friday to discuss the issues we are facing and then proceed with the necessary legal action.
Interested investors please contact & confirm you availibility on my mail id serenitylakes2@hotmail.com
thanks & regards,
fellow investor.
Dear Fellow investors,
as we have not heard any news from the developers we are planning an investors meet this friday to discuss the issues we are facing and then proceed with the necessary legal action.
Interested investors please contact & confirm you availibility on my mail id serenitylakes2@hotmail.com
thanks & regards,
fellow investor.
Dear Serenity Investors
Where is the planned venue of th meeting.
regards
stefan
great, where and when will we be meeting???
I am one of those unfortunate people who trusted that, being Dubai, a proper process was in place. Palisades is not happening. No one at Avanti is being in touch. Daoud after an initial contact has gone in to hiding it would seem. What are out chances of Palisades being in an Escrow and us getting out money back? I certaily don’t want to go ahead with these people and pay them any more money.
Joan South Africa. Let me know if there is anything I can do from here but seems unlikely.
Dear all,
Thank you for participating in this debate. To meet the demands for a better place for discussions, I have created the UAE Rush Forum. It is in the very beginning and all of you are invited to continue discussing Avanti on http://forum.uaerush.com
As the very first to join this forum please feel free if you need any assistance or want to create other subforums. I will gladly help you out, and If so, just send me a PM through the forum.
Cheers,
Andy Kay
A meeting was supposed to be held last thursday with a numbers of participants.
I’ll appreciate the outecome of this meeting
Thanks
Dear all,
How lucky I am to find this forum…and how unlucky I am -like most of you- to be a victim of this scam.
I too am a serenity 2 investor and have paid about 50%. Would like to join the rest of you to do the needful.
Many thanks for the above information.
sam
i found this site last week.i am serenity lake and palsades invester, interested in legal action against the company.any body interestd
Please keep me advised. I live in South Africa and find it difficult to keep abreast of happenings.
I would desperately like to get my R180 000 back if possible.
Thanks
Joan
SA
please contact me on serenitylakes2@hotmail.com with your contact details and th eamount paid, we have already met with a few lawyers and in th eprocess to go legal.
Regards
please contact me on serenitylakes2@hotmail.com with your contact details and the amount paid, we have already met with a few lawyers and in the process to go legal.
Regards
i send you e mail last week,still waiting for responce
I ‘ve also invested in Serinity Lakes and I Have no news. So I’m intersted to join you in order to get our money back. Please contact me.
Hope hearing you soon…
Check the online sunday times Google Rachel Barette wants a better life. News of Avanti Holdings.
Remember the Facebook group – - – http://www.uaerush.com/2008/11/03/avanti-to-launch-three-prestigious-projects-worth-dh-1bn/ – - – join and follow issues with this development.
Remember the Facebook group – - – http://www.facebook.com/home.php?#/group.php?gid=80763442855 – - – join and follow issues with this development.
Hi,
Hate to say this but anyone who invested in The Palisades had better start 2010 with the view that thy’ve lost their money:
1. Dr. Daoud is in jail and Avanti is no more, even though they claim the business is still alive.
2. The Palisades is never going to be built. We’ve all been ‘had’ by a member of the Abu Dhabi ‘Royal’ Family who has taken the deposits and done nothing. I guess oil wealth is not their only method of income!
3. With the current state of Dubai finances (ignore the stupid local newspapers; the state is in big trouble) the authorities are never going to try and get a company owned by a member of the Abu Dhabi elite to pay up. Sheikh Issa knows this.
4. There is so much real estate empty and in part-development in Dubai at the moment that the surplus will take a few years to fill before any new projects look viable.
Most of us invested to make money. Unfortunately, we invested at the wrong time and with the wrong people. It’s not fair (to us) but we lost this bet and should all move on. Trying to keep on with this matter in 2010 is only going to prove futile and depressing.
I really feel for everyone in this position but look forward and not backwards.
Happy 2010 to you all!
I heard good news. Avanti is standing again.I know the manager of the old client servicing team declaring this. He is my neighbour.