I found Freehold Mediation & Information through the broker who originally sold me the units, and they provided me with different directions to take. I chose the option of Asset Relocation with this I could get the fastest resolution possible as I wanted to have my investment restructured in order to have a solid investment in a project that was nearing completion. Since the transfer my apartment has now been completed and tenants will be moving in next week.
They provided me with a list of developers with apartments at different stages of construction. I continued my investment with a new developer who provided me with a complete project with a 2 year payment schedule of 0% interest. The purchase price was slightly higher than the market price, but my 2 year interest free payment plan along with the immediate rental income more than covered the shortfall.
If like myself you are looking for a secured and sustainable investment and willing to continue payments FMI will find the best possible solution for your situation.
I have been a resident in Ajman for coming up to 20 years. I purchased an off plan property in Ajman so that one day when the project is completed I could stop paying rent. After a while, I couldn’t find the developer and thought that there was a possibility that I had lost all the money that I invested in the project and I would have to continue paying rent.
Approximately 6 months ago I was contacted by Freehold Mediation and Information. At first I was unsure but was willing to try anything to resolve my situation. They explained that even if the developer is not available and I had presumably lost everything, that there was still a chance to have a settlement with a master developer, so I went ahead and registered with them. They provided me with a Market Report so I could understand the exact status of my project, its infrastructure and its facilities and it also included a market study of Ajman. They then provided me a consultancy sheet with different choices for a win-win settlement with the Master Developer.
I eventually got my dream apartment and cheaper than my original purchase price. I paid a small down-payment, and I was handed the keys.
I highly recommend the services of Freehold to all residents who have an on hold investment in stalled projects. No more rent !
I was an investor in the UAE Real Estate market. I used to buy and sell apartments in Dubai and Ajman. My last investment in real estate was with a developer in Ajman where after the collapse of 2008, the developer disappeared, and the project consequently completely stopped. I felt very uncomfortable and ethically not intrigued to sell the project as the situation was not clear.
Since I was still involved in the real estate business, I was seeking a way to recover my investment. I had hoped that the market would recover in a few years and that the developer would continue with the construction ultimately so the project would be secure and I would be in a position to sell and recover at least the majority of my investment. It became evident that this was not going to happen anytime soon and was taking much longer than anticipated. I found Freehold through a fellow investor who advised me they could help with a viable solution.
I registered part of my portfolio with Freehold. They composed a 3+ Market Report, including the list of the developers who would accept a credit from the project in which I had invested. I chose to converse with a developer who offered me secured and “easy-to-sell” units with minimum down-payments where I could trade and recover my on hold investments.
Without doubt I would recommend FMI to investors like myself who find themselves with projects that are on-hold or significantly delayed.
Situation analysis
By providing 3+market study (provided in PA research book).
Clients will:
- Will see the status of their project
- Will get an updated market value
- will be able to categorize their investment ie does the project in respect of court status and market price still suits the investors category of investment as “short term” , “long term” or “end user”
Option analysis:
Providing list of options for asset relocation (provided in booklet)
- names of developers (who will accept the credit )
- masterplan developer
- project name
- unit details
- Deal and payment terms
Providing market study for options of relocation (provided in booklet)
Execution:
facilitating meeting with investment advisor for:
- Matching client category of investment with selected unit
- approving payment capability of client based on payment plan
- reporting counter offer from client to developer
Situation analysis
By providing 3+market study (provided in PA research book).
Clients will:
- Will see the status of their project
- Will get an updated market value
- will be able to categorize their investment ie does the project in respect of court status and market price still suits the investors category of investment as “short term” , “long term” or “end user”
Option analysis:
Providing consultancy for best settlement options (provided in PA research book):
- price : depends on current market study and time of construction delay
- payments plan: initial payment plan, construction status , maximum security for client and required cash flow for project.
Execution:
Providing list of mediators depends on:
- experience with developer
- value of investment
- level of construction
- location of project
Organising meeting with mediators and providing update
Situation analysis
By providing 3+market study (provided in PA research book)
Clients will:
- Will see the status of their project
- Will get an updated market value
- will be able to categorize their investment ie does the project in respect of court status and market price still suits the investors category of investment as “short term” , “long term” or “end user”
Option analysis:
Providing list of options for asset relocation (provided in booklet)
Including :
- names of developers (who will accept the credit )
- project name
- unit details
- Deal and payment terms
Providing market study for options of relocation (provided in booklet)
Execution:
facilitating meeting with investment advisor for:
- Matching client category of investment with selected unit
- approving payment capability of client due to payment plan
- reporting counter offer from client to developer
