PR Log - SHINS GULF PALACE All Payments into Escrow Account Only

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					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.
                           Ajman, UAE
       City/Town           Ajman
       State/Province      Ajman
       Zip                 PO Box 40249
       Country             United Arab Emirates




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