PUBLISHING PARTNERS

Dear Owner

It is with much regret that we inform you that we have recently been advised by the master developer of Business Bay that the completion of the permanent infrastructure for Business Bay (namely the roads, electricity, chilled water, sewage and water supply) has been delayed, and that this infrastructure will take at least twenty four (24) months to complete.

We have been aware of the possibility of some infrastructure delay for several months, but we had hoped that such delays would not materially impact on our delivery of the Project. Unfortunately, it is now confirmed that the delivery dates for the most essential permanent infrastructure elements are much later than anyone could have anticipated and that such delays will have a material impact on our delivery of the Project. Accordingly, this will now also delay the anticipated completion date for your unit(s) pursuant to your sale and purchase agreement (“Agreement”).

In light of this disappointing news, we have no alternative but to suspend construction work on the Project for an anticipated period of five (5) months and to reconcile the anticipated completion date to be consistent with the master developer’s permanent infrastructure delivery dates.

This has been a difficult decision for us to make, but we have taken this decision to protect your interest and investment. It is not feasible to handover your unit(s) in the Project without essential permanent infrastructure being available in any event. We have disclosed this disappointing news to Screampoint, who are the company appointed by the Real Estate Regulatory Agency (RERA) to audit construction progress. They will be updating their records accordingly.

If an event of Force Majeure occurs (as such term is defined by your Agreement), as the case is here, we are entitled to rely on Clause 16 to delay the anticipated completion date of the Project. Upon serving notice, such amendment will be deemed to be a valid, binding and integral part of your Agreement. Kindly accept this letter as notification pursuant to your Agreement that the anticipated completion date for the Project has now been delayed due to reasons beyond our control. Please disregard any other anticipated completion date that we have advised you of earlier. Once we have obtained more detail from the master developer and have visibility on infrastructure completion dates, we will re-commence the project and advise you of our new anticipated completion date together with your revised payment plan.

Although this delay is the result of events which are completely beyond our control (and we share your frustration in this regard), we confirm that we remain fully committed to completing the Project to the highest standards and to keeping our investors as fully informed as possible. We appreciate your patience and understanding in this matter and in the meantime, we thank you for your investment and your continued support on this quality development.

Should you have any questions please do not hesitate to contact a member of the Customer Relations Team on +971 4 511 5500 or customerrelations@omniyat.com.

Yours sincerely,

Cornelia Montgomery
Customer Relations Director
For and behalf of Binary Development Ltd

Uncategorized
  1. I think Omniyat is taking advantage of investors and they are not at all
    helpful in any way, I don’t know what to do . They have my 50% of the money in The Binary and its 3years delayed from the original agreement date . someone help us.

  2. I also have the unit in the Binary and paid 75% up to now. I have raised the court case against Omniyat in order to get my money back. As usually in Dubai the litigation already took a year without any result. At the very beginning Omniyat said that there is a force majore, when my lawyers claimed that it is a fraud but not a force majore they have changed their defense tactic. They claimed that there is an arbitration clause so Dubai court have no jurisdiction on this case. And the court accepted that and we have the judgment of the court first instance. Now we are planning to lodge the case into the Arbitration.

    So guys I would like to advice you to DO NOT spend your money and time for the courts, just be patient and wait for my case result, because I am on half of my way. Otherwise you will loose at least 1 year and a lot of money. As soon as I will get the positive result you can follow me by way of using precedent. Then we can share my expenses if you wish:-). You can contact me 0505747482 if you need any information or advice

  3. Dear Firudin
    We read your comments and we are really interested to discuss with you this situation.. (of course we are in the same boat)
    Do you have skype ? or yahoo / hotmail messenger ?
    0505747482 .. what’s your country number ? i’m calling from europe …so i need your complete number..
    Pls send comments
    Regards
    Silvio & Ale

  4. Hi, i’d like to know who is tha lawyer who filed a case against Omniyat Developers. And how is the case going?

    Just want to know thw details as i am doing a research.

    thanks.

  5. OMNIYAT IS SPENDING ALL MONEY IN THEIR BURJUMAN OFFICE RENTAL
    AND ON EMPLOYEES I DONT KNOW WHAT TO THINK SINCE THEY HAVE
    NEW STORIES EVERY TIME .

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