Tuesday, February 13, 2007

Emirates Today and Adrian Murphy's sorry maths skills

Greens residents were probably amused to read the Emirates Today article from a journalist who among other things clearly has trouble counting without using his fingers.

Adrian Murphy's article laughably suggested that the meeting had just 60 tenants, while 7days got it about right with 200.

In tomorrow's Emirates Today, perhaps Adrian Murphy will explain how a meeting of 60 tenants contributed over 100 signatures to accompany the letters being sent on the tenants behalf?

Given his previous work, it seems pretty clear he's probably just following editorial orders so let's not give too much of a hard time.

7 comments:

Anonymous said...

My fellow neighbors,

I hope Mr Murphy is aware that we can bring many more people than 100 or 200 if he wants to. I believe a mass communication needs to be done in our friendly neighbors of Lakes, Meadows, Springs, etc... and the job will be done. Apparently the communication already started, let's keep up and tell them: "one day, this could happen to you!" (and eventually will...)
TC
Al Ghozlan 4

Anonymous said...

latest news:

http://www.7days.ae/en/2007/02/14/emaar-improves-offer-to-the-greens-residents.html

I don't feel that improves anything, the problem remains the same: where to find 100,000 Dhs or more in 2 weeks when some of us are entrepreneurs investing already huge amount of money in our business, or others who had to buy cars and send their kids to already expensive school? Personally if i had to advance Dhs 100,000 to Amlak, i would need to save for 2 years minimum and eat rice every day. That 3% discount is just a big joke...

ALKA3 Dreamer said...

this three percent is not an incentive, its a joke, and it wasn't in response to our meeting held the other night, actually when I called Hamptons on Sunday morning to ask about the transfer of tenancy contract to the new owner, that sales lady told me that she will give me a 3% discount like if its from here own pocket.. we've all seen that the prices offered by EMAAR is above the market price, and we all know that sellers add to the selling price a small margin for negotiation... believe me EMAAR or who ever took the decision to sell the properties care nothing about us.. One thing am sure of, the properties will not be put in the open market, and the whole bunch will be sold to a sister company of EMAAR, maybe Hamptomns?? then this new owner will raise the rents as much as they want... this could be the largest scam in the history of the real estate industry in Dubai... HISTORY IS RISING HA?? It could start falling very soon if EMAAR continues with this scam...

Anonymous said...

I would like to know when we can expect some feedback on the letter? I hope soon. In the mean time, this initiative has my full support. Nice to know that 100 people signed the letter. You guys just improoved my day :-). Thanks!

Al Ghozlan 3 Tenant

Sunglasses Ron said...

It would be unfair to suggest that Emirates Today senior management are dictating what Adrian Murphy writes. He is clearly just a bad journalist. The article on page 2 today is laughable - all facts are wrong, nobody affected by this decision is spoken to and at the end Murphy kisses the behind of Emaar with some weird tribute to them as a property "heavyweight". Pathetic.

Anonymous said...

Opportunity of a lifetime...

I just got a call from a guy in AMLAK, he gave me the best offer for buying my one bedroom apartment, the monthly installments will not be more than what am paying now, which is great, but the thing is that the payment plan is spread over 25 YEARS.. What a joke?? I asked how much would I pay if I want to finish my loan over ten years, he simply said why do you want to go for such a SHORT period?? Can you believe that?? 25 YEARS??

This is the definition of the term “Opportunity of a lifetime” because you will spend your lifetime paying for your apartment.

P.S. the guy also confirmed that the interest rate of 8.25% is a variable rate that can be changed every six months, which means it might be 9.25% after six months, which will increase the loan amount and hencethe monthly installments...

Anonymous said...

One should also consider that there are proposals to float the GCC currencies like the Dirham so that they are no longer linked directly to the USD. Some suggest this could happen as soon as March. With massive inflation in the UAE, the interest rates will need to be hiked significantly to dampen inflation.

For those on a variable rate, the results could be catastrophic and see massive mortgage payment increases, rising several percentage points.

No wonder Emaar wants to get shot of everything it can before the brown stuff hits the ventilator.

 
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