Hydra Properties forced to auction land to repay homeowners

Sanjay Batheja Tuesday, 5 March 2013 9:25 AM - United Arab Emirates

Did anyone receive their monies from Hydra Properties?

Daniel Thursday, 21 February 2013 11:19 AM - UAE

Does anybody have a contact of a lawyer who has been sucsessfull at dealing with Hydra. If so, please could you send me the contact details. daniel@voip101.us

waiting for get my life saving back Sunday, 27 January 2013 3:09 PM - UAE

Auction was on the 23rd of Jan and we dont know what was sold. One land was sold, but nothing is confirmed yet!!
the second aution is suppose to be on the 30th of Jan, but dates keep on changing with no valid reason?
I have been waiting for excution since june 2011- it is really sad.
If Hydra is doing well and we have won the cases so why cant we get our money back????????

harry Thursday, 13 December 2012 10:59 AM - uae

it is unbelievable ,we have been going to the Land department regularly and infact were advised recently the Business Bay project is on hold .The land Department needs to be fair to all the investors and before settling the court judgements they must allow all the investors to file their claims of recovery and the proceeds should then be distributed among all the investors .Everyone should get together to form a group to ensure we all get our investments back .

raj Tuesday, 5 March 2013 9:25 AM - UK

yes its frustrating - we have units in Hydra and have an advisor who is handling our papers as we are in UK.

waiting for get my life saving back Sunday, 27 January 2013 3:09 PM - uae

lets get together then and do somthing to get our saving back.
pls get in touch via email to rolaone@hotmail.com. thnx

Concerned Tuesday, 11 December 2012 3:16 PM - Dubai

The lawyer is wrong, the auction is on the 20th December 2012. How can this article even be published without the facts being checked!!

abbassali Friday, 7 December 2012 9:02 PM - Iran

When and if the proposed investor protection law is signed by the Dubai ruler then developers have to refund the investors money without going to the court system.

Craig Friday, 7 December 2012 4:04 PM - UAE

Fabulous news well done. I wish the rest of the GCC would follow as there are thousands of hard working, honest, investors who have been suffering financially and mentally with stress due to the state of there 'planned' homes from dodgy local developers.

John Friday, 7 December 2012 10:30 AM - UK

Is this not the same Hydra formerly championed in nauseating and sychophantic fashion by AB, formerly led by Sulaiman al Fahim who turned out not to be a "tycoon" at all?

Chris Thursday, 6 December 2012 11:16 PM - Bahrain

Too bad Dubai and the rest of the Gulf couldn't do the same. It would do a lot to restore confidence in the sham that is GCC property investment.

Ian Moone Thursday, 6 December 2012 3:16 PM - italy

Great example set by the government of Abu Dhabi....wish Dubai would follow and pay of all the home owners especially the ones of Sama Dubai The Lagoons that didn't even breakdown as yet