Warning from DFSA over Star-Dubai real estate scam | The National:
"The Dubai Financial Services Authority has issued a warning pertaining to a real estate scam promoted by Star-Dubai, a company that displays what it claims is a Certificate of Incorporation from the regulator on its website.
The DFSA advises that it does not issue such certificates, and the yields offered of between 120-224 per cent profit per month by Star-Dubai are unrealistic.
“The DFSA strongly advises prospective investors in Dubai real estate not to respond to Star-Dubai Ltd or any other person or company representing the firm.” it said on Thursday."
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