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Discuss this article (2 Comments)SESSION ENDED - Read Hydra chief's answers in full
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 11 May 2009
QUESTION TIME: For Hydra Properties chief Dr Sulaiman Al Fahim. (ITP Images)
Hydra Properties boss Dr Sulaiman Al Fahim has finished tackling investor concerns, after appearing in an exclusive live Q&A session on ArabianBusiness.com.
Dr Al Fahim – who has faced mounting criticism over delays on Hydra projects – answered a range of questionsduring the special two hour session.
Click HERE to see Dr Al Fahim's responses to some of the questions posed.
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READERS' COMMENTS
Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
Shame on Arabian Business
Posted by George A on Monday 11 May 2009 at 18:17 UAE time
It is a shame that Arabian Business omitted the unanswered questions from the result of the Q&A session, the public deserves the right to see what question were not answered! This does not help the magazines credibility. Let us see if you will post this comment or not.
Posted by George A on Monday 11 May 2009 at 18:17 UAE time
It is a shame that Arabian Business omitted the unanswered questions from the result of the Q&A session, the public deserves the right to see what question were not answered! This does not help the magazines credibility. Let us see if you will post this comment or not.
Hydra Villare Pre-Sales Agreement
Posted by Walter Grant, Abu Dhabi, UAE on Monday 11 May 2009 at 15:22 UAE time
Hydra recently demanded an immediate payment of 500,000 Dirhams from people who have never seen, never mind having ever signed a contract. In addition it threatened penalties of 500 Dirhams a day unless it was immediately forthcoming.
Hydra bases this demand on the fact that a one page Pre-Sales Agreement issued when the initial reservation fee was paid two years ago, holds the buyer to their payment plan, WITHOUT ANY CONTRACT BEING SEEN NOR SIGNED.
Does Dr.Fahim equate this Pre-Sale Agreement form with a legally binding contract, a contract that investors are continuing to refuse to sign due to issues with escrow and lack of a building schedule?
Posted by Walter Grant, Abu Dhabi, UAE on Monday 11 May 2009 at 15:22 UAE time
Hydra recently demanded an immediate payment of 500,000 Dirhams from people who have never seen, never mind having ever signed a contract. In addition it threatened penalties of 500 Dirhams a day unless it was immediately forthcoming.
Hydra bases this demand on the fact that a one page Pre-Sales Agreement issued when the initial reservation fee was paid two years ago, holds the buyer to their payment plan, WITHOUT ANY CONTRACT BEING SEEN NOR SIGNED.
Does Dr.Fahim equate this Pre-Sale Agreement form with a legally binding contract, a contract that investors are continuing to refuse to sign due to issues with escrow and lack of a building schedule?
Click here to post a comment
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