Palm Springs Investors Group

Angry investors in the coveniently ‘cancelled’ flagship Palm Springs project are planning to distribute leaflets at property exhibitions hosted by Damac, or exhibitions where Damac is participating. Also being considered are protests and distribution of leaflets at Damac investor meetings to highlight the unethical and possibly illegal attempt by Damac to cancel the Palm Springs project. Some investors have already been in contact with the BBC, Channel 4, and other media to alert them of the dangers of dealing with Damac.

Unconfirmed reports suggest that a number of investors are on their way to Dubai to personally put their case to HH Sheikh Mohammed, ruler of Dubai.

It is our opinion that Damac need to take swift action to prevent damaging their reputation and their desire to become a leading global Real Estate player.