Denver Estate Real
Dream of Dubai which can not yet, but it disappears quickly. The global recession has come as tourists and foreign investment in real estate in Dubai minimized, and now the news of fraud and deceit, investors continue to terrorize. These days, Dubai is in the news for the wrong reasons (the youngest is a request to "stop" by Dubai World, which has literally shaken the global economy does). There is no doubtThe Dubai government is doing its best to control the damage, measures such as strengthening of commercial fraud and professional with the introduction of new laws and the financial support of Abu Dhabi (which does not seem to help too hot). However, the opposite, as the recession, the credit crisis and scams come in a row (like opening Pandora's box), so it's really hard to Dubai, with its aura again. The arrangement of all these problems will not be easy, butOne thing is certain, can not afford to Dubai, losing credibility in this critical phase.
Denver Estate Real
Zarooni Dynasty was one of the first known real estate companies in the news seem to allegations of fraud. Kabir Mulchandani, the President who first denied the charges (no surprise), then ended up as the charges of "fraud and embezzlement," instead. The complaints against the company that employs over AED 6 billion. Second, some senior officials were Nakheelinvestigated allegations of corruption. Even if you're not to blame for the failures of their leaders, Nakheel, the name was connected with the defendant enough to scare investors. A relatively new scam on the surface of the scene is the one who understands Al Fajer Properties.
Denver Estate Real
The indictment of different people to wear, many arrests are made, but not enough to satisfy investors. One unfortunate thing is that the investor intends to Dubai authorities, local brushParticipation in some of these scams, under the carpet. Many experts are now questioning the credibility of all these probes and phrases instead. Nothing intimidates most investors that the risk of fraud, the act for reasons of the government of Dubai has quickly before it's too late, otherwise difficult to restore investor confidence is transparency and once that is gone. In this case, the authorities in Dubai have no one to blame themselves.
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