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DAMAC Properties

DAMAC Properties review: Paramaunt hotel c - misleading with false pitch promise of 8% guaranteed return

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10:17 am UTC
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Sales relationship manager said that I will get 8% of guaranteed return for 4 years. After I downpaid first 25% from total amount I demanded for a prove of that guaranteed return. It turned out that there is no such a 8% return, its calculated instead by the average of installments of the quarter. I refused to continue with the payments and installments at all. My downpayment was withhold and never returned. After 1 year they sent me a letter of notice to pay additional annual outstanding fees. Do not trust sales and the company pitch at all.

Claimed loss: 270,000

Desired outcome: Apologies and leave me alone. Stop courting. I don't want to deal with it. I have all the evidences of fraud and misleading messages to me from your sales.

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DAMAC Properties response
Sep 20, 2025 8:34 am UTC
DAMAC Properties customer support contacts
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501, 5th Floor, Al Moosa Tower 2, Sheikh Zayed Road, Dubai, AE

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www.damacproperties.com

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Hello Ahmad,

We understand the importance of this matter and are committed to assisting you. Please share your contact number via Facebook Inbox/Twitter DM, and our team will get in touch promptly to provide support.

Regards,
Team DAMAC
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