Victim of The First Group
If you have come to our website, you are most likely in the unfortunate position of a victim of The First Group from Dubai. They are indeed very versatile at fooling people/tourists with their investment opportunities, providing a great presentation, driving you around Dubai and lying about the real returns. Their interest is taking your money knowing that you will get a hard time getting your money back.
1. You Have Attended Their Presentation, You Are Yet to Decide Whether to Invest with TFG
If this is your position, you are in the most fortunate position as you can still save your money and turn your back on TFG. Our recommendation is to clearly state you are not interested to make any investment right now and leave back to your hotel. Read some of the reviews about TFG that support our recommendation and also facts about their scamming activity. You will surely notice all the red flags presented here and more, something which should help you see this is not a company to invest in.
2. You Have Attended Their Presentation, You Have Paid the Reservation Fee
This second scenario is not as happy as the first option. If you were persuaded to pay the $10,000 reservation fee, unfortunately there is no option to get that money back. Now the question ahead for you is if to accept losing the $10,000 and retreat from this dishonest investment option or continue paying their instalments. Read the reviews about TFG and investment red flags before making your decision. Based on our experiences, is best to accept this limited investment loss now (just $10,000) rather than $400,000 – $800,000 what a regular “hotel room price” costs with The First Group. As their delivery of their hotel projects suffer delays after delays (for years), you could risk losing a lot more if you start paying after the reservation fee along with the impossibility to get a refund from them the easy-way. Also check the investment returns from The First Group to know what to expect.
3. You Have Paid the Reservation Fee and Paid/Started Paying for the Hotel Room
This is the most unfortunate option an investor can be with The First Group. If you have fully paid for buying a hotel room or have been paying their instalments, you stand to have the biggest headache with The First Group. When you will see their delivery delays, the dishonest returns on investment presented (you will not get anything from what they made your understand during their presentation), you will be put in the situation of trying to get out of this situation.
- The First Group will not offer sale service of your hotel room and real estate agents in Dubai will not help you much either (mainly because this is not regular real estate investment, but is a very niche market).
- The First Group will start ignoring you completely when you raise your issues with them and ask for your investment back. They will ignore your calls, emails, messages or your attempt to visit their offices to speak with someone.
Do not despair! While this is the most unfortunate situation to be, there are still options to hit back at this scamming company. After you have (probably) went through the above points, you need to prepare your case against them. If you are in Dubai or have friends in Dubai, ask for recommended lawyers in real estate field. Do not threat The First Group directly that you will sue them if they do not refund your money back, but simply go ahead and prepare your case. Make notes on what you have been told and what they have delivered so far and simply take them to court. If you live outside Dubai, you can still get in touch with lawyers in Dubai to represent you in this case when suing TFG, with a note that you will need to provide them with a power of attorney in order to represent you.
Also, make sure to write honest reviews about your experience with TheFirstGroup Dubai on all the major websites, and tell your story about them, about what you were promised and what they delivered. Only this way other potential investors will learn to avoid this company.