Cheques of firm that sub-let homes bounce

One owner files police complaint while another moves court

After Shamyana Entertainment allegedly conned hundreds of landlords and tenants in Dubai, a couple of property owners have claimed cheques issued by another company, which sub-leased their properties to others, have bounced.

T Desai, who lives in the UK, told Emirates24|7: “Cheques issued to me by 360 Events and Entertainment Management bounced and I have lodged a complaint at Al Rifaa police station.”

Meanwhile, Dubai Police did confirm to this website they have registered a complaint against the company.

A senior official from 360 Events told this website they were short of funds but would clear Desai's dues soon. However, Desai contends that he has been saying the same for months, but hasn't made any payment so far.

According to Desai, he rented his villa in Jumeirah Village Triangle to 360 Events in December 2011, which approached him with the intention of subletting it.

“We signed the deal for Dh95,000 in three cheques. However, the cheques bounced, and despite telephone calls and a couple of visits to Dubai, all the way from the UK, we are still chasing them.”

He adds: “In our case they took Dh85,000 per  year in one cheque from the tenant… we on the other hand are left with a tenant who we are unable to evict and a mortgage that needs to be paid every month.”

Desai, however, admitted he wasn’t aware of the need to get his contract registered on Ejari. “My contract was not registered on Ejari at the time as I had flown into Dubai only to let the property out and was not aware of any such rules.”

Another owner, LV, who leased his apartment in JVT to 360 Events, said the cheques issued to him by the company bounced.

“They have been telling me that they would make the payment, but they haven’t yet cleared my dues. Finally, tired of their false promises, I have moved the Dubai Court to make them pay the money or vacate my property.”

However, the company did add a clause in the addendum to the contract that the landlord allows 360 Events to lease the property to a third party and take cheques in their own name.

As reported earlier, a company has to furnish Dh5 million to the Dubai Department of Economic Development (DED) as bank guarantee to get a property management licence.

Real Estate Regulatory Agency chief Marwan bin Ghalitha told this website that people should deal only with licensed companies.


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