34 C
Abu Dhabi
Friday, September 29, 2023
    HomeUAEDubaiDubai Real Estate Company Sold More Than 600 Counterfeit Property Units

    Dubai Real Estate Company Sold More Than 600 Counterfeit Property Units

    Published on

    Sponsored Link
    - Sponsored Links -

    Dubai (Gulf Inside) The owner was jailed after a Dubai real estate brokerage firm in the UAE cheated people out of a fake project. The Dubai Court of Appeals acquitted the company manager and found the owner guilty.

    According to Emirati media, a court in Dubai has sentenced the owner of a real estate company to 3 months imprisonment and a fine of 673,000 dirhams for defrauding investors in the UAE through fake property deals. The company had set up several offices in different states of the UAE and ran a social media advertising campaign for a large residential project outside the UAE he also sold it to investors.

    It was reported that the real estate company did not have a license to build a property unit outside the country, nor did it have a license from the Dubai Real Estate Regulatory Agency to collect monthly installments from customers in the UAE, a Dubai court said. The owner and manager were found guilty by the Dubai Public Prosecution after the owner and his advertising manager were charged with fraud. However, the Dubai Court of Appeal found the owner guilty of fraud and acquitted the manager.

    - Sponsored Links -

    One of the victims claimed that he had signed an agreement to buy a property unit for 648,799 dirhams and paid approximately 309,000 dirhams, promising that the apartment would be ready in three months. However, a letter from the authority in the country concerned said the project was not allowed to be built, while an official in Dubai testified that many customers had lodged complaints and the company was told to pay installments to the public. He was also fined Rs 50,000 for not receiving it.

    Also Read This: UAE: Five Years Imprisonment & DH 100,000 Fine For Flying Drones

    Badar Khamis, a lawyer representing the manager in the lawsuit, appealed against the decision, citing lack of evidence, claiming that the defendant was only an employee and did not receive money from the victim, my client. Works as an advertising manager and his role is limited to marketing for the owner according to his job profile, he did not receive hunting money.

    - Sponsored Links -



    Sponsored Link

    Latest articles

    Gladari Group announces Rs 10 million aid for Pakistanis stranded in UAE

    Dubai (Gulf Inside) Leading business group Gladari Group handed over a check of Rs...


    Since 2005, NAQEL Express has been strategically growing its footprints in the Middle East...

    How to purchase Bitcoin with PayPal?

    Bitcoin is a popular virtual currency, and many platforms offer it through various payment...

    Driving license is must for riding electric scooters in Dubai

    Dubai (Gulf Inside) The Dubai Media Office announced in a statement on March 31 that...
    Sponsored Linknoon promo code


    GEMS Royal Dubai School To Join New Cluster of British Schools

    GEMS Royal Dubai School has announced that it will join several other leading British...

    Unveiling the Gateway to Independence: A Comprehensive Guide to Navigating the Freelance Visa Maze in Dubai

    Dubai, the gleaming metropolis nestled in the heart of the United Arab Emirates, has...

    Ramadan 2023 Calendar Dubai

    Dubai Ramadan 2023 Suhur o Iftar Timings - Ramadan in Dubai, United Arab Emirates,...

    PRNEWS.IO presents Multilingual Marketplace on iFX

    PRNEWS.IO is the most prominent European platform for brands to publish news and press...

    Pakistani honoured for controlling traffic in Dubai

    General Abdullah Al Marri, the commander of Dubai Police in the United Arab Emirates,...

    Dubai Run invites runners on November 20 to run the distance

    Mai Dubai will present the Dubai Run on the Sheikh Zayed Road, 20 November....