The complaint has been investigated and
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Resolved
Hydra PropertiesStay well clear

Hydra Properties, a Dubai based company with over 17 projects worldover, but mostly in Abu Dhabi and Dubai would appear to be a pyramid scheme that has used money from project launches to finance the next project launch.

The fact is that most of their property projects are hardly even started. The company appears to have run out of money and makes demands for payments despite the fact that they have built practically nothing.

Their contracts (if one ever gets one) are fraught with dangerous small print that forces you to pay at least 50% of the price despite the fact that very little is built and there is no penalty should they never build at all.

Stay away from this company! They will take the shirt of your back. Their agents blatantly lie. Their Press Releases are simply rubbish and their contracts laughable. As for their ability to actually construct anything in a reasonable timeframe: Nil. Project delivery dates are constantly postponed but the client must pay and pay. Their flagship property Hydra Village is less than 2% built but 50% paid up.

Hundreds of investors have lost hundreds of thousands of dollars with this bunch. Stay well clear.

Responses

  • Jo
    John William Tiser Sep 14, 2009

    Sound advice.

    This is a company that literally stole investor money, paid it to the local Sheikh owner (a member of the Royal Family no less) and some other murky shareholders and then had nothing left to build with.

    Most of their projects are being cancelled and the one that is being built is such bad quality it will collapse in a year or two.

    Despite the law being broken in many areas the company is untouchable because of the Sheikh behind it.

    A good reason to stay well clear of the UAE.

    1 Votes
  • Br
    Bruce1234321 Oct 26, 2009

    Absolute bunch of thieves. The fact Hydra is still operating in the UAE shows just how corrupt that part of the world is.

    0 Votes
  • Ih
    IHATEHYDRA Nov 18, 2009

    I agree 100%. I am based in the UAE and can tell you that all the empolyees are corrupt and i have myself seen them take bribes. They are frauds and cheats...

    0 Votes
  • Ih
    IHATEHYDRA Nov 18, 2009

    Phone these people they are the empolyees and see if they answer your question:

    M Habech [protected]

    M Ibrahim [protected]

    0 Votes

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