Die Deutschen Immobilien Kaiser in den Emiraten

Posted on July 2nd, 2009 by gdb.
Categories: Ajman, Dubai, Immobilien.

Ja wir Deutschen sind weltweit als gute Geschäftleute angesehen auf die man sich verlassen kann. Dieser Ruf brökelt in den Emiraten leider immer mehr. Grund dafür sind ein paar Geschäftsleute in der Immobilienbranche.

Hier ein paar Beispiele:

Pyamod / Roland Paxino

Claims of scams, fraud, and embezzlement are hitting the real estate market in Dubai.

The multi-billion dollar construction craze which has attracted investors from all over the world, has seemingly brought in unsavoury types who have been preying on the never-ending appetites of locals and foreigners lining up to invest in the market.

A German company which claimed to have acquired a 2000-apartment plot in the proposed all Dubai’s projects, has reportedly sold off apartments in the plot, with no prospect of them ever being built. The company, Pyamod German Developments, and its Fraud associates, and sales agents, are being investigated by Dubai and Germany authorities.
- German Sports Tower I
- German Sports Tower II
- Munich Millennium Office Tower I
- German Supreme Residences I
- German Supreme Residences II
- German Supreme Tower I
- German Supreme Tower II
- German Design Tower I
- PYAMOD Paradise
- German Design Villas
- German Skyscraper I
- German Sky Tower I
- German Sapphire Tower

Dubai authorities are also investigating the mysterious German Towers being constructed at Dubai Sport City, JVS, Slilicon Oasic . As we reported several weeks ago, Roland Paxino & Partners .sold several hundred apartments in the project off-the-plan some years ago, over 10 projects taking payments upfront. had sold the project on the basis that it would have been ready by June 2008. So far, no construction have been started. Roland Paxino left Dubai Dec 2008, and work has stopped.

In recent weeks I’m owner of twenty flats receiving calls and faxes from representatives in Pyamod Developments advising me construction on the project had stopped and would not be resumed. I have been offered their original cost, deducting 9% commission to Real Estate Agents + 3% documentation fee, back. Means 12% less money that I invested 4 years ago, losing more than 7million AED in deposits after Roland Paxino abandoned the scheme and fled the country to Europe “We lost our money, our flat, our future — everything,” with a sales brochure promising prospective buyers that it would “add comfort, security and joy to your life”

We have sighted one of the letters sent which verifies the investors’ claims. Over several hundred by order of Dubai Court in favour of the Case No 361”. Buyers are also considering a criminal action against Roland Paxino for fraud.

When we visited the site two weeks ago we found no construction in progress. We contacted the builder on site who confirmed Mr. Roland Paxino sold the site to the newly-formed, UK-based, Properties. A Sales Agent however quotes a company spokesman as saying, ‘We sold the towers on again a week back.’

Having bought their apartments and paid for them almost in full, well before construction started, I am now wondering how ‘my’ apartments could be on-sold, on two separate occasions since.

Several calls to Sport City Properties, the master developer of Dubai sport city, where the project is sited, have not been returned.

Meantime the investigation into the conduct of the former CEO of, Pyamod German Developments , has been widened. According to Dubai’s Attorney General, few persons has been arrested in connection with the investigation.
Two other men have also been detained and questioned, but have since been released.

A hastily convened meeting by the authorities, involving Pyamod and Master Developers, resolving the matter. That action averted a class-action lawsuit against Pyamod by at least sixty angry investors, most of whom were from Iran. http://www.propertycommunity.com/forum/dubai-property/10964-law-number-21-really-protect-investors-2.html

ACI / Robin Lohmann

Der Gütersloher Immobilienfonds-Geschäftsführer Robin Lohmann (34) darf die Vereinigen Arabischen Emirate vorerst nicht verlassen. Der Juniorchef der Gütersloher Alternative Capital Invest (ACI) musste seinen Reisepass abgeben, meldet das Westfalen-Blatt.

Damit wollen die Emirate sicherstellen, dass Lohmann nicht das Land verlässt, bevor die Abwicklung des finanziellen Schadens aus verschiedenen Grossbauprojekten in Dubai nicht geklärt ist. Nach Angaben des Finanznachrichten-Dienstleisters Goldman, Morgenstern & Partners LLC ermittelt die Staatsanwaltschaft in Dubai gegen die gesamte Geschäftsleitung der ACI wegen des Verdachts auf Betrug und Veruntreuung von Geldern. Robin Lohmann habe bereits einen Tag in Untersuchungshaft verbracht. Er müsse sich nun regelmässig und persönlich bei der Staatsanwaltschaft melden, so das Westfalen-Blatt.

Es geht um 300 Millionen Euro, die rund 8000 deutsche Anleger in die Fonds II. bis V. der Dubai Tower KG investiert haben. Sie sollten nach Angaben der ACI zum Ende des ersten Quartals 2009 verkauft werden. Der daraus fliessende Erlös war vertragsgemäss an die Gesellschafter auszuschütten. In einem Schreiben teilte die Gütersloher Immobilien-Beteiligungsgesellschaft jüngst mit, dass der Käufer nicht mehr genug Geld hat, um die Beteiligungen zu kaufen. http://www.foonds.com/article/654/aci-lohmann_darf_vereinigte_emirate_nicht_verlassen

Casamia Star / Hendrik Hommel

A group of 20 property investors from Canada, the UK and Pakistan turned up in Dubai yesterday demanding a meeting with the Ajman developer Casamia Star, which they claim has failed to update them on their investments.

The group said they had bought properties in Frankfurt Residence, a yet-to-be built tower in Ajman. Casamia’s general manager, Merzak Gaci, refused to meet the group as they had not made an appointment and they were “rude”. Mr Gaci called police. Two officers turned up but there were no arrests.

The investors then went to the Bur Dubai police station to file a complaint against the company. “The police told us to come back at 7.30 in the morning to file a case for fraud,” Mr Ghulam said.

Afterwards, he said, the group would go to the Ajman Real Estate Regulatory Authority and Dubai’s Real Estate Regulatory Agency.

Casamia Star was established by the German architect and entrepreneur, Hendrik Hommel. Mr Hommel is currently in Germany and unavailable for comment.

“We thought it was a German company and we trusted the market,” said Farhad Norousi, a spokesman for the investors. “But in February the developer Casamia Star sold its brokerage branch, also called Casamia Star. And in June the brokerage told us they have cancelled their contract with the developer, whose director has disappeared and they are no longer responsible”

He said investors did not know what had become of the money they had already submitted.

http://www.thenational.ae/article/20090624/NATIONAL/706239822/1040

Natürlich gilt für alle die Unschuldsvermutung.

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