QUESTIONS & ANSWERS

FMI cooperate and benefit from the knowledge of the world class companies and entities who look at the real estate business from a different perspectives; such as the legal, financial and investment, consultancy, mediation, mortgage, management and maintenance services angles.

Using our group creativity, knowledge and experience we have become a one-stop shop by gathering all elite services from top service providers. We combine all services into one package and provide a solution tailored to the requirements of all people with on-hold investment through consultancy and information

In Conclusion:

1- We evaluate the current situation of the client.

2- We identify possible directions in a solution to their situation.

3- We then facilitate each direction.

It takes on average 1 month to 45 days to prepare the report, depending on the complexity of the case.

No, FMI is neither. We are a Real Estate Consultancy company, we are focused primarily on providing consultancy to investors with on-hold investment.

Yes, an excerpt from a sample book is available for download on this page of the website.

No, there is no difference between investors in the two locations. Our procedure is the same for everybody regardless of the location of their investment with all provided with the option for Settlement, Litigation and Asset Relocation.

Mediation is a Dispute Resolution Process. When two parties are unable to settle a dispute, they will often use mediation in order to reach an agreement. When two parties agree to use mediation, a neutral third party will work with both parties in dispute to assists and find a lasting win-win solution to their conflict.

A settlement sheet will provide you with the best options for settlement with your Developer dependant on:

• Your purchase figures:

A. Price

B. Payment plan.

• Construction:

A. Current Status

B. Period of Delay

• Current market study.

All Developers.

As of today there are 742 registered Developers (in Dubai) and the majority of them have multiple projects in all Emirates.

FMI will provide in the 3+ Market Report detailed information about the status of your project, then if you wish to contest with your developer we will provide consultancy services to find the best settlement and list of mediators to conduct the settlement .

There is 2 series of payment:

1. A per hour consultancy fee is paid and per meeting for mediators (dependant on the value of the case) till settlement happens.
2. A success fee is paid that is a reflection of the total value of the outcome and percentage of discount achieved.

1. Legal status of the project and developer in court and with the land department.
2. Update of the cases that have been brought against your project.
3. List of law firms with extensive experience and knowledge of your project.

We figuratively work with all major law firms in UAE. Depending on your case we propose to you the most successful corresponding (related to client’s case) ones in your field with the highest rate of success. We do not advise to go to a particular lawyer, we will tell you which lawyers have already had successful cases with your project.

1. Firstly they are aware of the strengths and weaknesses of the developer in question and they have had previous success in winning similar cases against developer, therefore there is a better chance of making a settlement before a court case.
2. Secondly because of their experience and knowledge of legal documents signed by clients, developers, and updates on the legal status of the project with cases won to date. There is no need therefore to review the complete case which is time and cost consuming.

Yes it is possible but unlikely. This would only occur if they had not listed their case with us.

It’s completely free of charge as soon you are registered with us. If after the 3+ Market Report is completed you make the decision to enter into legal action through the court we will provide you with a list of lawyers depending on your project and arrange a meeting with them.

It all depends on which law firm you select but generally there are two terms of payment:

1. Fees paid for services during the case
2. Success Fee ( not including court fee, translation and PRO).

The service that FMI provides is Asset Relocation. What this means is that a Developer is agreeing to accept all the benefit and liabilities of the on-hold project and the client accepts the benefit and liabilities of a new completed project. It is a mutual agreement between two parties.

To date there has been over $1.3 Billion of property exchanges in the UAE market since the market crash in 2008.

Our concern is to find a developer that will accept our clients credit.

• What kind of unit they can offer, and

• What kind of payment plan,

We also provide the 3+ Market Report which makes it easy for the client to make an informed rational decision.

If the client is not entirely satisfied with the Asset Relocation offers in time we will offer  them alternative options. We are able to do this as we are constantly adding new Developers and have new inventories.

Very simple, they are in the same position. The Developer who accepts the credits can choose one of the 3 directions.

The new developer will have a bulk number of units. The developer by collecting a large number of different clients will have more financial power to make decisions for each direction.

The difference is that he is in the same line of business, and he could potentially wait for 10 years until for the plot is handed over. But an individual is not usually capable of doing it. plus new developer could be JV with old developer