We had the misfortune of booking a unit with two Binghatti sales reps who lied about the booking being refundable. The booking fee was taken without any written terms and conditions shown to us. The RA was signed under false pretence. After giving formal notice that we wanted to cancel the booking and get a refund, there was no response from the sales reps. Upon visiting the CRM office to file a complaint about the refund, we learned that the sales reps had given us false information about the booking being refundable and that the property had already been registered with the authorities and we must proceed without even seeing nor signing any SPA as well no down payment being made. As someone with experience purchasing offplan properties in the UK and developing countries, I’ve never seen such underhanded business practice, grave abuse of trust, incompetence and complete lack of transparency. This major breach of civil code of good faith has been raised with the director of sales for resolution but there has been zero acknowledgement, response and accountability. This appalling experience is definitely not what one would expect from a supposedly well known developer in the UAE. If this is how a well known developer operates in the UAE, I can’t imagine what the smaller developers are like. Definitely won’t be looking to invest in the UAE at all now. Absolutely do not recommend.
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Binghatti Investment 5 revolutionizes real estate investment by integrating cutting-edge blockchain payment technologies. Our platform offers a secure and seamless way for investors worldwide to generate passive income from Binghatti real estate properties without the burden of paperwork or large upfront costs. With investments backed by real property purchases, returns are effortlessly distributed to your account. Designed for modern investors, our trusted and expertly crafted solution paves the way to financial freedom.
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