PR Log - Global Press Release Distribution
SHINS GULF PALACE All Payments into Escrow Account Only
By Anes Fuertez
Dated: Nov 01, 2008
"About the investment security with regards to the purchase of property from SHINS."
Ajman, UAE - ABH Properties LLC released a letter to all SHINS customers about the investment security
with regards to the purchase of property from SHINS that ABH Properties, as the Master Plan developers of
the Park View development in Ajman would like to inform the clients of the following arrangements in
respect to the purchase of property in the Plots T38, T39, T 41 or T42, otherwise known as the Gulf Palace.
ABH Property is a development company which is part of a group of companies owned by H.H Sheikh
Ahmed Bin Humaid AI Nuaimi. The announcement indicates that the customer's investment in the GMC
development Gulf Palace is secure if it will continue to keep up the payments in to the development escrow
account. That SHINS is no longer involved in this development and as such, the clients should make no
installment payments to or through them. GMC shall be the client's point of contact for all enquiries. All
payment should be made to the development escrow account as per the attached proforma. The alteration
does not affect the original purchase contract as it will be honored by GMC as long as payment are made
into the development escrow trust account as per the contract with SHINS.
The announcement was released by Mr. lain Stuart Mac Dougall, Head of Development Department of
ABH Properties. Tel. No. +971 6 7479747.
Gulf Palace Development Escrow Account details:
Acct Name: Park View T38
Acct. No: 0037 198844 038
Bank Name: Emirates Islamic Bank
GMC Contact Details:
Gulf Marketing Consultants
Taj Mahal Bldg,Sheikh Khalifa Rd.
PO Box 40249 Ajman, UAE
Tel. No. 067412154 Fax No. 067412156
Category Property, Real estate, Business
Tags shins gulf palace, shins ajman, gulf mc ajman, ajman properties, gulf palace
Email Click to email author
Phone +971 6 7412154
Fax +971 6 7412156
Address Sheikh Khalifa Rd.
Zip PO Box 40249
Country United Arab Emirates