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Debt ridden Dubai developer Nakheel has confiscated a large number of children’s toys lying outside apartments on the Palm Jumeriah.
The move – which has shocked residents - came after the company sent residents a notice on January 9, warning that all personal belongings in common areas had to be removed within 24 hours.
The notice, on Nakheel headed paper, said: “Any belongings such as bikes, bicycles, strollers table, chair, toys, found in the common areas after 24 hours will be considered abandoned and will be removed by the security.”
Residents told Arabian Business they were shocked after several children’s toys – many which were Christmas gifts – were taken.
“I’m staggered, the notice said common areas, and it wasn’t clear that meant the area outside your own door. They didn’t even knock, they just took all my kids toys. I’ve never seen any company behave like this,” said one.
Other residents said the company was refusing to return the toys. “I had to threaten to call the police. They told me I needed a release form just to get my two-year old daughter’s bicycle back. After what happened last year with service charges, this is the last straw, we will move out as soon as possible. The atmosphere is very bad to say the least.”
Nakheel did not respond to enquiries from Arabian Business.
The company has been made to write down the value of its real estate assets by US$21.4bn since 2008 and has been forced into a US$16bn debt restructuring plan.
It has also been in a long-running battle with its customers on the Palm Jumeirah since December 2011, when it banned more than 1,300 residents from using the beaches and gyms at its Shoreline Apartments residences and claimed it was owed US$20m in unpaid service charges.
It is so sad to see Kuwait deteriorate in this way...can it not learn for its neighboring countries such as UAE and Qatar. So what are the values that... more
Saturday, 18 May 2013 8:47 PM - MikeYes - you're missing something. There was already at least one loan on the property of $700m plus Kerzner's 50% stake of $250m and Istithmar's $250m stake... more
Saturday, 18 May 2013 7:18 PM - Jerry Yamateif family-owned business need funding wouldn't it be better to do an IPO? its the same thing as crowdfunding you're getting financing for an equity stake... more
Saturday, 18 May 2013 8:47 PM - jonjonOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graemeWorkers rights - there are none anywhere in the Gulf and I have been here over 20 years. You are still merely a 'temporary expatriate worker' whether ... more
Monday, 13 May 2013 9:40 AM - StevenOh Come on ...guys, I wonder how come this news became the most commented news headline...this isn't a social issue at all, this is just a news about... more
Saturday, 18 May 2013 4:56 PM - BaijuIslam is not better than any other religion, to all the muslims out there, stop putting yourself on a pedestal, you are filled with self importance that... more
Tuesday, 14 May 2013 9:58 AM - graeme
Who cares.......the most powerfull Arab is this NEWS
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