Look, with all due respect to all involved...
But you have to be an absolute idiot to borrow 25X your salary to invest in something that promises to yield 120% a year. Why isn't HH investing his billions with these guys then?.. Kinda begs the question, right? All normal investment funds yield like 5%..
Then you also have to be an absolute a**hole to lend 250K just like that to someone without even asking the person what he\she want to invest in!.. The banks really don't care, they just want to give out loans! On one side it's good for experienced investors, but then you will have these stories of rookies who are scr*wed for the rest of their life!
UAE is all about speculation and no real wealth creation.. So all these behaviors really fit into UAE culture. People get mind-drunk with all the fancy cars, flashy parties, condos and everyone wants to get rich. And they want to get rich fast. So these stories will keep happening forever, there is no way to stop this.
My personal advice to the 250K guy, pack your stuff and disappear!