Resolved La Hoya Bay Residence, Al Marjan Island — La Hoya Bay Residence
I have invested in La Hoya Bay Residence, Al Marjan Island Project in Ras Al Khaimah (RAK) in the UAE. RAKIA, the state controlled construction company is the master developer responsible to deliver the apartments to investors. So far, they are unable to settle legal issues with a private developer "Frank Khoie". Investors are held hostage here. RAKIA can't be trusted. Their leader Sheikh "###" can't be trusted either. The sheikh better sit on the top of Burj Khalifa on his tight ###. There is no freaking accountability nor a sense of urgency. This seems to be the norm in RAK.