Buyers in La Hoya Bay asked to resume payments

Khoie Properties, the developer of La Hoya Bay in Ras al Khaimah, has asked buyers to resume payments in order to continue the construction works. In return, Khoie offers a 25-35 per cent price reduction on the unfinished apartments. La Hoya Bay was originally scheduled for completion in 2008, but the... 

Buyers Upset at Contract Changes

Buyers of The Torch, a Select project in the Dubai Marina, have been told they will not have access to their apartments unless they sign a new contract, The National reports. Select started handing over apartments earlier this month, and now buyers must agree to controversial changes to the original... 

“No Refunds to Plot Owners”

“There will be no refunds to plot owners… I am developing The Lagoons” says Khalid Al Malik, group CEO of Dubai Properties Group to Emirates 24/7. As the Dh64bn project has not yet been cancelled, investors and plot owners are not entitled to any refunds. This brings the Dubai Creek project to...