Why Register

Freehold Mediation & Information have assisted thousands of people in the UAE that have faced the issue of their residential investments not being completed by developers.

If you find yourself in the same position, FMI can help.

Our processes and procedures will help you as well as providing you with the optimal solutions.

After completing registration, FMI will provide you with an in-depth market research report in a booklet format containing our 3+ Market Studies. The study provides you with comprehensive and detailed information about your particular investment and the underlying issues. The results will detail the options available for you in order to optimize your investment. In general the three solutions are:

SETTLEMENT

This being in the form of an out-of-court agreement with the developer (Mediation)

LITIGATION

Enforce your rights by way of legal action; for this option we can propose a law firm that has extensive experience with the specific developer.

EXCHANGE

Transfer your property with an alternative development that is finished or nearing completion.

What is a 3+ Study

The 3+ Market Study is an In-depth update of your projects status as per the following sources:

LAND DEPARTMENT

Status of the project (active, under cancellation notification, cancelled or completed) and construction progress status.

MASTER DEVELOPER

Status of the project (active, under cancellation notification, cancelled or completed) project information, community information, infrastructure status and upcoming facilities.

DEVELOPER

Construction update, Main Contractor, Escrow account, anticipated completion or handover date (if any).

We will provide a full Market Study which includes:

1. Your project:

 

Type, price and payment schedule of the units currently available for sale from the developer and/or other investors

 

2. Surrounding vicinity:

 

  1. Off-plan Projects: Type, price and payment schedule of the units currently available for sale from other developers and/or investors in the vicinity of your project.

  2. Completed Projects: Type, price and payment schedule including the rental revenue of the units available for sale from the developer and other investors.

With the 3+ Market Study you will have complete knowledge of:

The status of the project and anticipated completion date.

How much your property is worth in the current status?

How much your property will be worth in an active or at completion?

Anticipated ROI (Return on Investment) at completion of project.

You can see if the project suits your investment category as short-term investor, long-term investor, or end user.

Based on this information you can make the decision to follow on the options below:

SETTLEMENT

This being in the form of an out-of-court agreement with the developer (Mediation)

with the progress of construction. The status of the project has been active in the past 3-6 months at the Land Department. The project still suits your investment category.

You are not happy with the price due to the current market situation or you request a discount penalty for the delay of construction or you want a better payment schedule that doesn’t put you in a financially compromising position.

  1. Consultant who will provide you with the best price and secured payment schedule due to the current market situation and based on construction delay.
  2. Mediator who has a track record and experience and who knows the strengths and weaknesses of both parties and uses the consultant’s advice on price and payment schedule to mediate the settlement between you and the developer.
  1. Consulting report for settlement: We send your 3+ Market Study to our real estate consultant to provide you with a settlement option due to the current market, and delay in construction.
  2. Mediator list: Dependant on location, value and status of your project (includes 3+ Market Study), we provide you a list of mediators and their fees based on their experience with your specific developer.
  • Payment options (for consultancy and mediation) either:
    1. Hourly basis or
    2. Success basis
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LITIGATION

Enforce your rights by way of legal action; for this option we can propose a law firm that has extensive experience with the specific developer.

with the progress of construction, the status of the project has been non-active in the past 3-6 months at the Land Department or the project does not suit your investment category anymore based on your current situation and/or the market situation.

  1. How much it might cost (Are you ready to invest additional money for that investment?)
  2. How long it might take (Can you wait that long?)

Which lawyers have experience against the same developer? What were the results of the cases against the developer? If they won the cases, what was the result of the enforcement of the judgement or award? What was the duration of those cases and what were the financial implications?

A list of lawyers who won cases against the developer and who know their strengths and weaknesses, where you can hire them at the first stage as a mediation attorney for faster, cheaper, and a manageable and governable outcome from the mediation.

  1. Information report on updated real estate cases: We send your 3+ Market Study to the information center to get an update on the cases open against your developer and project.
  2. List of law firms: We provide you with a list of law firms with success cases with your developer.
  3. Payment options (for consultancy, mediation attorney, or lawyers) either:
    1. Hourly basis or
    2. Success basis
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EXCHANGE

Transfer your property with an alternative development that is finished or nearing completion.

With the progress of construction. The status of the project has been non-active in the past 3-6 months at the Land Department. The project does not suit your investment category with the current conditions and market situation, you don’t want to enter into litigation or any other type of settlement with the developer.

Which developer will accept your credited payment, or if the new project proposed is a secured investment or not, and if the price which is given to you is comparable to the current market prices.

If the new project suits your investment category, if the total property value and monthly instalments meet your income situation.

  1. A consultant who selects for you a list of qualified developers with completed (or almost completed) projects who can accept your credit/payment in partial or in total.
  2. A consultant who will provide you with a full market study of the new projects and compare it with previous project using the following methods: ROI (rent as per ratio), gross yield, selling price, occupancy rate, rental income, maintenance rates.
  1. Project Information and Market study: We send your 3+ Market Study to our research department to provide new information about alternative projects which are completed or almost completed.
  2. List of developers: We send you a list of those developers who will accept your credit, type of units, and options for the payment schedule.
  3. Payment options (for consultant and real estate broker) either:
    1. Hourly basis or
    2. Success basis
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