Comments on: Damac Properties in Dubai Fail to Pay Employees Full Settlement on Dismissal

By: Tax Settlement Expert Ed

Tax Settlement Expert Ed — Fri, 30 Jul 2010 23:28:34 +0000

Wow, this is quite the story. It gives a good perspective on things in the US which while being far from ideal are nothing like this travesty of greed gone terribly wrong. I know a lot of people who thought about heading to Dubai for work and didnt. Now they are counting their blessings.

By: wowsie

wowsie — Mon, 25 Jan 2010 10:10:05 +0000

Having worked closely with the goons, they are just a bunch of pimps. They excel in supply of flesh.This is their core business. Real Estate just happened and they lapped it up.

By: Is Dubai’s Luxury Real Estate Market Finished?

Is Dubai’s Luxury Real Estate Market Finished? — Thu, 26 Nov 2009 12:54:04 +0000

[...] is now much harder to fire a local than a foreign worker. Foreigners are easy. You can fire them, refuse to pay any severance due and they are obliged to leave the country within 30 days when their visa [...]

By: N

Mon, 26 Oct 2009 18:43:40 +0000

@Mark Knowles:

Hey Mark,

Can I give you a call if you are in UAE?

If not, can I send you an e-mail?

By: Mark Knowles

Mark Knowles — Fri, 25 Sep 2009 13:58:09 +0000

That is fantastic – drop me a line here and I will spread it all over the internet. http://internationalpropertyinvestment.com/contact-ipi

By: N

Fri, 25 Sep 2009 13:13:31 +0000

Dear all, GREAT news!!! I won the case against Damac. They have appealed but lost the appeal… The next step would be talking to the press. Any suggestions?

By: Mark Knowles

Mark Knowles — Wed, 17 Jun 2009 09:55:27 +0000

If you set one up – let me know and I will write about it

By: paul

paul — Wed, 17 Jun 2009 03:47:22 +0000

oh my god. i was there, i lived the nightmare of this god awfull emirate state known as dubai.im thinking of starting a 12 step meeting for us that have experianced this terrible disaster.first step, admitted we where powerless over these liars and cheats, and that our lives had become unmanageable.

By: N

Thu, 21 May 2009 13:02:01 +0000

I have filed a case in Abu Dhabi court against DAMAC re the above subject. The ruling is at the end of this month.

By: Spark

Spark — Sun, 19 Apr 2009 12:40:19 +0000

I know this scam company Damac which calls itself a Real Estate Developer. A closer look reaveled to me that they have no ethics whatsoever and their only aim was to profiteer “at any cost”. They do not care for the employees, which is evident from the low quality of most of the employees and thereafter employees get shunted from one function to another even if they are not competant to carryout the role. The company has at senior levels master @sslick*r sychophants who only aim is to their Chairman i.e Hussain Sajwani happy. Hussain Sajwani is himself an unscrupulus scamster who went broke during the dotcom bust. Several investors lost money then and will lose now. Damac has launched over 40-45 odd projects and handedover about 5-6 and could hand over another 3-4 maybe. The rest are “cancelled” . Neil McLaughlin (Communications Head) might play with words like temporarily “on hold” or “frozen” or under re-design etc., but all this is bu11 sh!t. About 50% of the projects did not have an Escrow account to begin with and the money landed in the Corporate bank account and has been siphoned off. Although a single ESCROW account was opened for these projects later at RERA’s instance, it was too late in the day and money had already been moved out. So there is no way these projects will be completed, unless Hussain Sajwani brings in his personal fortune which is unlikely. The remaining projects have hardly sold and cannot be completed. The RERA is closing in on Damac asking them for info on the Escrow money. They have some crooked chaps on the payroll who have managed to from time to time confuse, stall or buy time from RERA but I hope RERA doggedly pursues them and brings them to book.