📄 Extracted Text (210 words)
From: David Stem <
Sent: Tuesday, June 24, 2014 6:51 PM
To: Jeffrey Epstein
Subject: Patrick McKillen - Dubai
Attachments: Patrick McKillen note of Dubai Properties.doc; Untitled attachment 00019.htm
See =elow and attachment.
Total cost US$24m, paid to date US$10m. Total =tandstill since 2007.
Not a term sheet, but can Sultan or =omebody help to get someone senior at Emaar to deal with =his?
In 2006 =amp; 2007 McKillen invested €8,000,000 with Emaar Properties, Dubai =nd in the subsequent 7 years have
struggled to obtain a fair hearing in =elation to that investment.
We approached Emaar very early on in =he process, as it was obvious that the projects were delayed and we =roposed
alternative mutually beneficial solutions such as a =onsolidation proposal that would redirect our investment into =ewer
units. We have had many meetings with senior officials at Emaar =roperties and the Dubai Land Department and have
been made many =romises of assistance, but none of which have transpired. The =taff have changed many times.
We are currently dealing with Mr =atroushi at Emaar, who is in charge of the consolidations and major =ecisions, but
again there is little progress.
We are simply requesting a meeting and a fair and equitable =earing/outcome.
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EFTA_R1_01447917
EFTA02406201
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