Thursday, 5 December 2013

Emaar hires debt collectors to chase defaulters | GulfNews.com

Emaar hires debt collectors to chase defaulters | GulfNews.com:

"After banks, it is now the turn of property developers to hire debt collection companies.
In what appears to be a desperate bid to recover outstanding service fees, Emaar has signed up with Dubai-based firm Innovations to chase defaulters across various communities.
Defaulting owners in The Lakes community said they received an email from Innovations on November 27 asking them to pay contentious outstanding ‘special levy fees’. “I never thought they would use a debt collection company. I am shocked,” said an Indian resident living in the community."

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