subject: Shamyana Entertainment Services Scam Latest To Rock The Dubai Rental Properties Segment [print this page] The last two years have been a tough time for Dubai rentals as the global economic slowdown spread to the farthest corners of the world. This year, the situation has been showing some signs of stability returning to the market. Private stakeholders with significant investments in the industry have been working in close unison with the concerned authorities to stem the downfall.
This is why; the recent spate of scams involving Dubai rental properties spells bad news for an industry that was starting to show signs of recovery. The latest controversy to hit the scene has been the Shamyana Entertainment Services Scam.
The plot essentially involved Shamyana Entertainment Services offering properties for rent in Dubai to multiple entities. Such activities are considered by the authorities to be in contravention with the Dubai rental laws and all such tenancy contracts thus signed have been termed to be illegal. The Dubai based Shamyana Entertainment Services even defaulted on payments to landlords, in spite of having collected the rentals from the tenants in advance.
Several property services entities have reported that their contracts with Shamyana were signed on in good faith. Reports have begun pouring in from shocked service providers and tenants alike who are wondering about the step ahead. Shamyana had apparently taken the properties for rent in Dubai for their employees, but later indulged in illegal sub-letting to other tenants.
The property scam that affected over 75 people who were duped to the tune of Dh 5.8 Million directly could have some far reaching ramifications on the entire segment. This could spell some serious trouble for those looking to rent an apartment in Dubai in the near future.
Haitham bin Mahmood bin Shukri, the man behind Shamyana Entertainment services has long since disappeared. Officials have reported that he may now have escaped the Emirate and is on the run, overseas. Efforts to trace him are on and there is even a red corner alert that has been issued by Interpol authorities. They are confident that he shall be brought to justice soon.
Irrespective of the scamster being brought to book, such scams are a strong reminder for those looking at houses for rent in Dubai. People are advised to do their due diligence while renting properties. Deal only with authorised and well known players in the industry. Else, they too could face the tough predicament that stands in front of those caught in this scam. This holds true for not just those who are moving to Dubai, but also those who are in the midst of changing residences.
