02.02.2007

http://img171.imageshack.us/img171/1372/photo024my2.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/1341/photo025eh9.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/2245/photo030ng5.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/4752/photo039wh1.jpg (http://imageshack.us)

08.02.2007

It seem, it pic up some speed!!!

http://img501.imageshack.us/img501/9485/photo12vr3.jpg (http://imageshack.us)

http://img175.imageshack.us/img175/2561/photo13mg3.jpg (http://imageshack.us)

2 1/2 years after the project board went up... all we have is the podium structure and a few floors on the core :sleepy:

16.02.2007

http://img153.imageshack.us/img153/183/photo084xc3.jpg (http://imageshack.us)

http://img153.imageshack.us/img153/3903/photo086vg1.th.jpg (http://img153.imageshack.us/my.php?image=photo086vg1.jpg)http://img153.imageshack.us/img153/4273/photo087ga1.th.jpg (http://img153.imageshack.us/my.php?image=photo087ga1.jpg)http://img153.imageshack.us/img153/92/photo105if7.th.jpg (http://img153.imageshack.us/my.php?image=photo105if7.jpg)

23.02.2007

http://img93.imageshack.us/img93/8931/photo087fl7.jpg (http://imageshack.us)

http://img213.imageshack.us/img213/4327/photo090he6.th.jpg (http://img213.imageshack.us/my.php?image=photo090he6.jpg)http://img120.imageshack.us/img120/8940/photo091xq2.th.jpg (http://img120.imageshack.us/my.php?image=photo091xq2.jpg)

:ohno: Very slow progress on this one.:ohno:

^^ Never as slow as Ocean Heights :)

:ohno: Very slow progress on this one.:ohno:

I think it's starting to pick up the pace to the normal 1 floor/week.. compare the floor plates from feb 16 to feb 23.. clearly one extra floor added

^^ i agree, it seems like we are at normal seepd now and regular floors are being constructed.

Will it be 67 or 71 floors ? :dunno:

http://img398.imageshack.us/img398/5633/11marinapinnaclesk3.jpg (http://imageshack.us)

^^ Note closely the wording, 71 levels = 67 floors ground and above and 4 basement levels.

^^ which is perfectly visible on the building UC now.

01.03.2007

http://img382.imageshack.us/img382/4651/photo10fb3.jpg (http://imageshack.us)

http://img152.imageshack.us/img152/6158/photo11by7.th.jpg (http://img152.imageshack.us/my.php?image=photo11by7.jpg)

Will it be 67 or 71 floors ? :dunno: [/URL]

No, it will be ... ugly. :lol:

http://i17.tinypic.com/4i6rj7p.jpg
http://i4.tinypic.com/2qwj7ue.jpg

Awesome photos. Think one floor a week should be possible!

09.03.2007

http://img92.imageshack.us/img92/8670/photo028hu5.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/2586/photo061mn4.th.jpg (http://img177.imageshack.us/my.php?image=photo061mn4.jpg)http://img139.imageshack.us/img139/273/photo062hv6.th.jpg (http://img139.imageshack.us/my.php?image=photo062hv6.jpg)

18/03/2007

Marina Pinnacle

http://img246.imageshack.us/img246/2989/photo55nd4.jpg (http://imageshack.us)

http://img137.imageshack.us/img137/5865/photo54km4.th.jpg (http://img137.imageshack.us/my.php?image=photo54km4.jpg)

12/April/2007

Marina Pinnacle

http://img296.imageshack.us/img296/446/photo081cm9.jpg (http://imageshack.us)

Took a while to get here but now picking up pace nicely.

13/April/2007

Marina Pinnacle

http://img172.imageshack.us/img172/2466/photo028ey9.jpg (http://imageshack.us)

http://img246.imageshack.us/img246/4123/photo029zs1.th.jpg (http://img246.imageshack.us/my.php?image=photo029zs1.jpg)http://img246.imageshack.us/img246/4605/photo079fc5.th.jpg (http://img246.imageshack.us/my.php?image=photo079fc5.jpg)http://img246.imageshack.us/img246/616/photo080cg3.th.jpg (http://img246.imageshack.us/my.php?image=photo080cg3.jpg)http://img207.imageshack.us/img207/9286/photo081cw2.th.jpg (http://img207.imageshack.us/my.php?image=photo081cw2.jpg)

http://i18.tinypic.com/33vzvo8.jpg

26/April/2007

Marina Pinnacle

http://img86.imageshack.us/img86/8958/imresolt36py4.jpg (http://imageshack.us)

http://img248.imageshack.us/img248/9471/imresolt38fx1.th.jpg (http://img248.imageshack.us/my.php?image=imresolt38fx1.jpg)

looks like they are reaching regular speed now.

This tower really doesn't look that good in the construction phase. Of course it won't look great without its cladding, but a lot of towers, even when they are just a concrete shell look rather interesting. Not this one, really blase.

27/04/2007

Marina Pinnacle

http://img187.imageshack.us/img187/2198/imresolt033gn9.jpg (http://imageshack.us)

http://img187.imageshack.us/img187/2752/imresolt034bs3.jpg (http://imageshack.us)

is it 67 or 71? wat is wrongwith this article...first they say 71 then they say 62...its weird!

Doka SKE50 makes Tiger roar on 71-storey Marina Pinnacle
by ArabianBusiness.com staff writer on Saturday, 28 April 2007

Doka SKE50 has a load-carrying capacity of five tonnes per bracket. It is a good solution for a large number of climbing tasks, with up to 40 automatic climbers per hydraulic unit.Sharjah-based contractor Tiger International has opted for Doka's self-climbing formwork SKE50 system to work on the 71-storey Marina Pinnacle in Dubai Marina.

According to the company, the move is to help meet fast construction cycles and a tight deadline.

Although an established user of Doka formwork systems, Tiger International is using the self-climbing formwork system for the first time.

"We chose the self climbing concept in order to speed construction time with a five-day floor cycle and an extremely tight 24-month construction deadline," said a company spokesman.

The tower will include four basement levels, a ground floor, three service floors and 58 typical floors.

Throughout construction of the project's core shaft, which will house 10 high-speed lifts in two banks, the contractor is using the self-climbing SKE50 system in conjunction with Doka's Top50 timber beam formwork.

The area of Top50 supplied by Doka Emirates for the core walls is 730m², which is lifted with 52 Doka automatic climbers to complete the 240m-high tower. The core wall thickness ranges from 300mm to 600mm on both shafts, covering an area of 140m².

Using the SKE50 system provides a crane-independent mode of working; allowing the core to climb between two and four storeys ahead of the floor slabs.

Doka has also supplied a three-level enclosure around the self-climbing formwork system, providing a safe enclosed environment for the operators on the working platforms. It also offers protection against the weather elements such as wind and rain.

Tiger International is using 24 sets of Top50 column formwork and d2 systems for the non-typical floors. In addition, Dokaflex 20 systems are being used for slab pours on the non-typical floors and Dokaflex tables for the typical floors.

The floor-to-floor height on a typical floor is 3.40m, while in the parking area, it is 3.2m.

With a total slab formwork area of up to approximately 3,550m² the contractor is also employing Doka's transport equipment such as shifting trolleys and transport forks to ease movement problems around the slab work.

Use of the shifting trolley allows the Dokaflex tables to be moved horizontally around the slab area without the need for a crane. With the transport fork, the tables are quickly and efficiently moved vertically to the next level, in a short crane operation.

The Marina Pinnacle Tower site features a footprint of approximately 3,408m², and with the lower parking floors covering an area of 3,378m², there is little room for storage of materials.

Ease of movement of the Doka systems, without the need of the tower crane, eliminates the contractor's need for storage space and ‘frees up' the tower crane for other essential lifting duties to meet the tight deadlines.

The tower is scheduled for completion by mid 2008, when it will be divided into residential floors, retail outlets, recreational facilities and dedicated parking.

R

what is the average height of buildings on this block?

Tiger Group? C'mon..... couldnt they think of any other name??

^^ It will range from Al Seef at just under 50 floors to Pentominium at 120, for a total of 12 or 13 towers. Just taking the median between 50 and 120 gives us 85 floors (as good an estimate as any, I would say).

Regarding the Pinnacles height, it is obvious that by 71 floors they are adding the basement and G levels to the total count. By that method, however, one would come up with 66, according to the article--really confusing. At least they give a clear 240 meter figure.

If we comapare this to MAG 218, it is usually referred to as having 66 floors. In reality it is B3+G+P4+2 technical floors+community floor+55 regular+roof-top technical... total 67. Sometimes the roof-top technical floor is not added to the count as it doesn't cover the entire floor area--but still includes an enclosed area which should count as a floor. Omitting the basement floors you are left with a count of 63 or 64. But the developer goes on to give a 275 meter height which I believe is impossible. Up to the top of the highest floor (just below the roof-top techincal) the architectual drawings indicate 220 meters. Another 50 meters for the roof element is quite impossible, unless the antenna/spires are counted. At best MAG 218 will be 250 meters. (This will be copied to MAG 218 forum.)

18/May/2007

Marina Pinnacle

http://img155.imageshack.us/img155/6784/imresolt076bp3.jpg (http://imageshack.us)

http://img175.imageshack.us/img175/7953/imresolt097wy3.jpg (http://imageshack.us)

http://img72.imageshack.us/img72/1489/imresolt152zc2.th.jpg (http://img72.imageshack.us/my.php?image=imresolt152zc2.jpg)http://img175.imageshack.us/img175/2083/imresolt160tu5.th.jpg (http://img175.imageshack.us/my.php?image=imresolt160tu5.jpg)

http://i5.tinypic.com/4tqio2s.jpg

23/May/2007

Marina Pinnacle , The Torch and Unnamed Emaar site from Time Place

http://img511.imageshack.us/img511/8848/imresolt082qw1.jpg (http://imageshack.us)

http://img527.imageshack.us/img527/9866/imresolt113og5.jpg (http://imageshack.us)

I have just heard that the Marina Pinnacle has been put back 18months. Completion will now be December 2009. Has anyone had any news or reasons why.

^^ Ok, december 2009 sound quite right given the progress on the tower. What more reasons do you want, except Tiger comming to their senses. ;)

At least they're 'fessin up.


http://i16.tinypic.com/4zt0ivq.jpg


http://i10.tinypic.com/4yjxv6d.jpg

In comparison it was 21mths + 12days from the day this pic was shot of MHT till I got my keys:
And even then the building was not finished and I had to battle to get in.

Has anybody received official word from Tiger Properties? While delays are to be expected 18 months is a serious delay. :bash:

Spoke to Tiger today, apparently still do not have permission for water and electricity

Marina Pinnacle model

http://www.skyscrapercity.com/showthread.php?t=479796

Spoke to Tiger today, apparently still do not have permission for water and electricity

Not surprising! There is still around 50 floors of construction. So how do they test the electrics for the certificate?

interior renders


http://www.bhomes.com/UI/S/1014936/1014936_2.jpg

http://www.bhomes.com/UI/S/1014936/1014936_3.jpg

Go Dubai had expressed some concern on tower look earlier; I also thought some thing was wrong. However with block work, looks slightly better! Waitning to rise Mag 218 and see how do they compare?

02/Jun/2007

Marina Pinnacle

http://img469.imageshack.us/img469/3330/imresolt100zi7.jpg (http://imageshack.us)

http://img514.imageshack.us/img514/5323/imresolt101jf2.jpg (http://imageshack.us)

Good progress now finally, and they immediately started to build the interior walls..

end 2009 might be possible.

marina pinnacle (modeled by me, rendered by mrbrett)

http://i9.tinypic.com/4vor7uv.jpg

http://i13.tinypic.com/4qhguft.jpg

http://i18.tinypic.com/5xxnyhy.jpg

:eek:, perfect job!

Hmm, the whole building looks like one big parking structure.

15/June/2007

Marina Pinnacle

http://img142.imageshack.us/img142/5585/imresolt076zx3.jpg (http://imageshack.us)

http://img407.imageshack.us/img407/8050/imresolt079gu5.jpg (http://imageshack.us)

:sleepy: wake me up when this is finished

marina pinnacle (modeled by me, rendered by mrbrett)

http://i9.tinypic.com/4vor7uv.jpg

http://i13.tinypic.com/4qhguft.jpg

http://i18.tinypic.com/5xxnyhy.jpg

That looks very nice indeed! Lookin' forward to having this building next door. :cheers:Literally!

Just recently acquired property in Dubai Marina so can't wait to spend a great deal of time (when I can get out there of course:soon: ) strolling round admiring these wonderful buildings:righton:

Hummm.... didn't the Al Burj building proposed for Dubai waterfront used to be called the "Pinnacle" also?

interior renders


http://www.bhomes.com/UI/S/1014936/1014936_2.jpg

http://www.bhomes.com/UI/S/1014936/1014936_3.jpg

Very classy indeed!!!:cheers1:

Hummm.... didn't the Al Burj building proposed for Dubai waterfront used to be called the "Pinnacle" also?

Yes, but when it was proposed for the middle of The Palm Jumeirah trunk, and before they moved it to The Waterfront.

Yes, but when it was proposed for the middle of The Palm Jumeirah trunk, and before they moved it to The Waterfront.

Thanks, AltinD! :hi:

22/June/2007

Marina Pinnacle

http://img263.imageshack.us/img263/164/imresolt247zp8.jpg (http://imageshack.us)

29/June/2007

Marina Pinnacle

http://img299.imageshack.us/img299/4733/imresolt051wz6.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/4941/imresolt053qe0.jpg (http://imageshack.us)

06/July/2007

Marina Pinnacle

http://img293.imageshack.us/img293/2342/imresolt049wf6.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/9708/imresolt050ff9.jpg (http://imageshack.us)

This one is slow: half a floor in more than one week.

Better than nothing...

Only 8 floors in 18 weeks, this is slow, less than 2 floors a week. Any idea what the problem is here ??

5th March 2007:

http://i16.tinypic.com/52yzjt0.jpg

6th July:

http://i8.tinypic.com/62xfbdy.jpg

Only 8 floors in 18 weeks, this is slow, less than 2 floors a week. Any idea what the problem is here ??

5th March 2007:

http://i16.tinypic.com/52yzjt0.jpg

6th July:

http://i8.tinypic.com/62xfbdy.jpg

^^ Morris:- You mean less than 1 floor in 2 weeks? Albeit less than 2 floors per week is still technically correct :)

Ah.....yes you're right, I meant to say one floor is taking more than two weeks. Anyway it's bloody slow, hope TT is much quick than this when it gets above ground level.

Spoke to tiger today. They are just continually fobbing people off. They don't know when it will be finished. Kept asking me to come to Dubai and they will explain. Got a feeling I might end up wearing concrete boots.
But they have got big problems,very worrying.

What problems? Anything specific? Is it releated to the supply chain?

What problems? Anything specific? Is it releated to the supply chain?

Ooops!

They are slow workers, that's the reason :bash: :doh:

price of this tower is still cheap...but I dont know why.

1 bed 747 sqf 623.812-878.542 AED

Slow workers? :weird: :bash: Slow is one thing, but these people are in a fucking coma!!! Less than one floor in two weeks? That's outrageous! Supply problem or not, there has to be some other problems going on here! If I was buying here I'd be out there with a rocket launcher and blow the lot of them (slow-ass tower included) into the marina!:bash: :lol:

Maybe they just like a lot of coffee...???;) :kiss: :hug:

Building slow is CHEAPPER.

^^ Yeah, but extremely aggravating for investors though right?;) :bash: :lol:

Spoke to director of Tiger Monday, still reckons they are building one floor per week,obviously has not visited site.Said he would e.mail me Tuesday and inform me what was happening. Still no e.mail. I have sent six so far, all have been ignored. I can actually buy apartments from agents cheaper now, than I purchased direct from Tiger two years ago. Thats a strewed investment for you. Lets just hope they complete. The bubble is bursting.

Uh-Oh... YIKES!!! :runaway:

20/July/2007

Marina Pinnacle

http://img181.imageshack.us/img181/8122/imresolt092po0.jpg (http://imageshack.us)

http://img410.imageshack.us/img410/254/imresolt100gw5.jpg (http://imageshack.us)

http://img262.imageshack.us/img262/149/imresolt132tr7.jpg (http://imageshack.us)

Spoke to director of Tiger Monday, still reckons they are building one floor per week,obviously has not visited site.Said he would e.mail me Tuesday and inform me what was happening. Still no e.mail. I have sent six so far, all have been ignored. I can actually buy apartments from agents cheaper now, than I purchased direct from Tiger two years ago. Thats a strewed investment for you. Lets just hope they complete. The bubble is bursting.

I was looking at this tower nearly two years ago, prices were just a little under those at the Torch but not much in it. If you're saying prices are the same or cheaper than then, my God this is a gift and I'd buy a load more if you can. This seems to be a every under-estimated tower IMO it's being overshadowed by Ocean Heights, Elite Residences, even Torch etc.... and when built will be really nice. No bubble will burst - this development is the Marina's best kept secret......my tip.....buy...buy... buy.:)

I bought and paid for 4 --2 years ago, I just hope the increase in value at the finish, will be more than the interest I am losing on the money I have paid. They still have not given a direct answer about delays, but it does look like its moving again.

I bought and paid for 4 --2 years ago, I just hope the increase in value at the finish, will be more than the interest I am losing on the money I have paid. They still have not given a direct answer about delays, but it does look like its moving again.

Surely you haven't paid 100% upfront at the start ??

When I enquired with Tiger the payment terms were:

Initial Deposit 10% (payable upon signing of agreement)
10% Payable within 30 days
10% payable each 4 months

Here's the prices I was quoted in January 2006:

Flat 504 (16th floor)
One bed - total area inc balcony 89.6 sq m
Media City View
Price AED 763,125

Flat 207 (12th floor)
One bed - total area inc balcony 84 sq m
Can't remember which view
Price AED 703,299

According to the sales brochure facilities include:
Two outdoor swimming pools AND two indoor swimming pools (even Princess and Torch don't have any indoor pools !!), Sauna, Jacuzzi, Steam Room, Games & Function Room, Business Centre. Included with each apartment will be allocated car parking space, kitchens equipped with Italian appliances, German fixtures, quality vitrified tile flooring, smart home automated system.

Not all. Just the final completion payment to pay. At the time Iwas under the impression and lead to believe they were to be finished in July 2008. Obviously now this is not the case. I thought it was only English builders that quoted a finish date, and then finilised two years later. Oh well.

Not all. Just the final completion payment to pay. At the time Iwas under the impression and lead to believe they were to be finished in July 2008. Obviously now this is not the case. I thought it was only English builders that quoted a finish date, and then finilised two years later. Oh well.

Is there any compensation payment written into the contract ??

9AHnUfeMHuQ

Nice video Dubai guy. I've got four of them one for each apartment. What I haven't got are the apartments. Nevermind at least the c.d is a reminder of what might happen one day. Very expensive c.d. though.

Nice video Dubai guy. I've got four of them one for each apartment. What I haven't got are the apartments. Nevermind at least the c.d is a reminder of what might happen one day. Very expensive c.d. though.

Hey guys! Is there an expert out there? Not only they are "very" late in delivering, they are even trying to change my payments schedule to make me pay earlier than the agreed dates. Can they?

A friend of mine has two apartments. Not only has he had payments suspended until 2008, they have also made his last payment 15%
Just don't take any crap from them. If we all complain they will have to get there finger out. They keep offering me alternative apartments in lake city that they complete this year.

03/Aug/2007

Marina Pinnacle

http://img485.imageshack.us/img485/7875/imresolt072wd6.jpg (http://imageshack.us)

http://img485.imageshack.us/img485/6977/imresolt075tq5.jpg (http://imageshack.us)

http://img485.imageshack.us/img485/6486/imresolt095yq0.jpg (http://imageshack.us)

Thanks for the updated pics Imre. Nice to see Tiger have done jackshit in two weeks. I think Pinnacle investers have put their money into a white elephant. I have tried to contact Tiger, but they never reply. Has any other investers tried to contact them, and have they been given any answers for the delays.?

The progress of this tower is shitty slow!! What you can see over the ground is that, what they built in 1 year!!!!!! :doh:

WAKE UP GUYS!!!!

After hearing there was going to be an 18 month delay, I have accepted that. What worries me is will tiger be in business by then, and will investers get their money back. They can't seem to put three words together without bullshitting. For what it's worth, I have e.mailed them today, telling them that unless I get answers, I am going legal.

Maybe it is time to form an investors association? Strength in numbers.

Count me in, please! I have paid a lot already for something that is not clear at all. No answers when you write. None when you call. Only requests to pay them more!!! By the way, our contract is with a person NOT a company and I bet none of us has ever met this person. Right? Does he really exist?:ohno:

03/Aug/2007

Marina Pinnacle

http://img485.imageshack.us/img485/6486/imresolt095yq0.jpg (http://imageshack.us)

^^ Can't believe it has taken a whole year just to build this^^ :ohno:

:runaway:

yes, seems to me a little bit slow , I think MAG will be overtaking this one...

who is MAG? I don't live in Dubai n I am not informed! ThanX

sorry , I meant MAG 218 tower

http://www.skyscrapercity.com/showthread.php?t=163733&page=25

yes, seems to me a little bit slow , I think MAG will be overtaking this one...

MAG, Torch, 23MArina and Princess will overtake this I think, some maybe by the end of the year!

I think Pinnacle is just a front to get money in so they can build their other projects. The only way the investers in pinnacle will get any answers, and that is to continually phone,fax e.mail them, and just make a nuisance of yoursel until some answers are given. If we form a investers association maybe we can take them to court to recover our money and interest lost. Mohammed is their front man and he is the one they use to bullshit all the investers,You must ask for directors. I will be phoning and e.mailing them again every day from tomorrow, until I get some answers or my money back in full with interest. I asked sherwoods who are now their selling agent, because Betterhomes have been dumped, what is going on, but they won't give answers either. If anyone is an invester in Pinnacle and wants to form an association please message me privately.

I'm not an investor in the Pinnacle, at present or in the future, but I thought that I should mention that I was told this morning that the Irish and Japanese mob had a meeting on tuesday night in Osaka and have signed an agreement/made a pact to "invest" heavily themselves in the construction business in Dubai! This doesn't just relate to any one particular company, but could quite possibly relate to many, so just letting people know that's all.

My sources are 99% good, so I know this to be true (about the meeting anyway). It's a little known fact that the Irish and Japanese mob have been bosom buddies sinse about the mid 80's now. There is so much money to be made in Dubai, so it would only be a matter of time before the mob set their sights on Dubai!

I'm not saying that any of you people here will be ripped off by dummy corporations (hopefully not:ohno: )...but this is how these families operate! Think long and hard about where you put your money!

Hmm, is this a good thing or bad? Invest sounds like, as with anyone else with money, they will pour money into to some of Dubai's developments that they think they can readily flip for a profit. It doesn't sound like it means opening up brothels, gambling joints, drug running outfits and the like. It just sounds like business as usual--the more money to pour into Dubai from the outside the better chance that those developments will be completed and prosper.

Given the investment in Dubai there is no way the royal family/government are going to let these projects remain unfinished. Pinnacle is at the entrance to the Marina which would take the look off the whole thing. Instability in the construction industry would have serious implications for the whole economy and other projects like sports city etc. ecpecially given their wish to hold Olympic Games.
There was an email that went around at one time with all buyers email address on it. Has anyone still got it?

people here will be ripped off by dummy corporations (hopefully not )...but this is how these families operate!

Sorry, I misinterpreted your comments... your point being that these outfits are not interested in legitimate business opportunities, but in making money through swindling and deception. So, one ought to really find out who the developer really is, before they sign the dotted line.

There is no way the royal family/government will let this project go unfinished. It is at the entrance to the Marina and will take the whole look of it. The construction industry is so important to the economy that if this instability crept into the industry it would put an end to other prestigious project not to mention jeopardise the olympic bid.
The bottom line is that the Marina will be finished...the question is when?

A while back an email went around with the email addresses of all investors. Does anyone have it?

Hmm, is this a good thing or bad? Invest sounds like, as with anyone else with money, they will pour money into to some of Dubai's developments that they think they can readily flip for a profit. It doesn't sound like it means opening up brothels, gambling joints, drug running outfits and the like. It just sounds like business as usual--the more money to pour into Dubai from the outside the better chance that those developments will be completed and prosper.


Sorry, I misinterpreted your comments... your point being that these outfits are not interested in legitimate business opportunities, but in making money through swindling and deception. So, one ought to really find out who the developer really is, before they sign the dotted line.

Ever known the presence of the mob to be a good thing? They're gonna be pouring great sums of money into lots of various enterprises alright, and construction is high on their list! Watch out for lots of Irish and Sushi bars/clubs springing up over the next few years, but, don't be naive enough to believe that the absence of Irish and Japanese bars/clubs will mean the absence of the Irish/Japanese mob! Yes, business as usual! I've been told also that they will be specifically targeting the Palm Jumeirah for gambling, and God only knows what else? A lot of people want to see casinos in Dubai, especially these guys, so they'll be pushing for this big time! But you know, it could still benefit a lot of people believe it or not...

Yes, they are very much interested in legitimate (for obvious reasons) businesses, as I know some of these families really want to legitimize their operations nowadays, but more-so, they want to appear legitimate, so by doing that they can suck the money out of you! Basically, you end up broke, and they end up with lots of villas on the Palm! They will buy up huge amounts of property at the Marina, the supertall block on Palm Jumeirah and around the BD complex! Have no doubt about that! You have to understand, these guys are purely motivated by money and that's it! It's not about respect, honour or love, it's all about the money!!! These guys would literally go to the north pole if there was money to be made there, so Dubai for now, looks pretty damn inviting! They go where the money is!

Never sign anything until you run it through the mill first! You can just as easily still get taken to the cleaners by a legit a company, nevermind the mob! But you know, there are no absolute guarantees in life, sometimes you do have to take a chance and just go for it!

Use common sense and intuition!

Those Irish and Japanese guys in Osaka are probably boarding their flights at Kansai right now as I speak...

Anybody here ever seen Dubai - Next Big Thing Just watched it on Real Estate TV. It's pretty good actually. They show some real nice properties, some worth millions, clearly aimed at people who wouldn't be stretching themselves too much:lol:

Anybody here ever seen Dubai - Next Big Thing Just watched it on Real Estate TV. It's pretty good actually. They show some real nice properties, some worth millions, clearly aimed at people who wouldn't be stretching themselves too much:lol:

Yes I think it's from about two years ago, is it the one where they are on the Creek and the guy says that two matching towers look like a pair of "hi-fi" speakers ??

I suppose the Russian mob have already beat the Japanese and Irish to the punch. Let's just hope the legal framework in this country continues to develop to keep these operations in check. I suppose it is good laws in Japan, Ireland and other places that keep these types from mucking everything up, even if there is a certain degree of corruption. The likes of Damac are scary enough, much less having the mob get into the picture.

Thanks for the updated pics Imre. Nice to see Tiger have done jackshit in two weeks. I think Pinnacle investers have put their money into a white elephant. I have tried to contact Tiger, but they never reply. Has any other investers tried to contact them, and have they been given any answers for the delays.?

Look again, in 2 weeks they have cast another floor and the columns above it for the next floor above. Thats 1.5 floors of progress in 2 weeks, not that bad. Then look at the blockwork progress, same again about 1.5 floors of progress.

People expect miracles in Dubai, it is a miracle that they make this progress in the searing heat!

Yes I think it's from about two years ago, is it the one where they are on the Creek and the guy says that two matching towers look like a pair of "hi-fi" speakers ??

Correct young man!:lol: Yeah, they were on the creek and that guy said they sure build some interesting buildings in Dubai, and two of them looked like a couple of double bases:lol: I think he was referring to the DXB-Dubai... aren't they shopping centres, or something? Hotels?

I suppose the Russian mob have already beat the Japanese and Irish to the punch. Let's just hope the legal framework in this country continues to develop to keep these operations in check. I suppose it is good laws in Japan, Ireland and other places that keep these types from mucking everything up, even if there is a certain degree of corruption. The likes of Damac are scary enough, much less having the mob get into the picture.

Yeah, but I don't think the Irish and Japanese give a crap who's already there! If it comes right down to it, the Russians will have the most to lose! They're still quite a few years away from being as "organized" as the Irish and Japanese mob!

But as I said, you can still get ripped off by any of these legit companies, so you may not even have to cross paths with the mob at all in Dubai! Damac and several others will take good care of that for ya;)

Sorry if I'm really thick but I've no idea what you are talking about.....who exactly are the Japanese and Irish "mob". Are they some sort of Mafia or the Triads ??

Look again, in 2 weeks they have cast another floor and the columns above it for the next floor above. Thats 1.5 floors of progress in 2 weeks, not that bad. Then look at the blockwork progress, same again about 1.5 floors of progress.

People expect miracles in Dubai, it is a miracle that they make this progress in the searing heat!


Yes good observations......the heat in August would be really slowing things down.

^^ Yeah, like they were working at the lightening speed in the cooler months :D

Sorry if I'm really thick but I've no idea what you are talking about.....who exactly are the Japanese and Irish "mob". Are they some sort of Mafia or the Triads ??

Don't be silly morris, just because you may not know about the "mob" doesn't make you thick. Nobody knows everything about everything... although there are some people around here who think they do!

Yes, the "mob" are the Mafia! And they're heading your way as we speak! Your way, meaning Dubai!

^^ Did you issued 'em the tickets or made the travel arrangements? :dunno: :D

^^Yeah sure I did, packed their luggage and everything!:lol:

And I didn't forget to pack their Uzis either!:lol:

That reminds me, I saw some bullet proof vests on ebay the other day... might be smart to invest in one I think!:lol:

It's all makin' sense now though... I was wondering what Tommy K was doing in London last week...hmm...saw him strolling across Leicester Square eating a Doner kebab like he hadn't a care in the world...and now suddenly he's in Osaka...

well actually to be honest, the russian mob has been here for a while anyway as they used off shore companies to buy pretty big stuff here..
i know that coz they invested in real estate with one company(can't reveal the name sorry!)

the triads are much more organize but dont spend as much money...

^^ I don't think these guys will care how long or who has been there first rexdmx, they're only interested in making money!!!

There is too much money and too many ways of making money in Dubai for them to ignore it!

You'll never even know they're there...

Hi Gaso, who do you make your payments to. I was asked to make mine to Al Marsa Tower. What ever that is. Does anybody know. Or was this the old Marina Pinnacle name.

^^ Al Marsa tower aka Emirates Marina Serviced Apartment is the tower with brown tiles and dark blue glass with a glass dome and 2 spires on top, that is located just next to Emirates Crown (still under construction).

However that tower isn't open yet so I'm surprised to hear that, or maybe they have already leased out some commercial (office) space while continuing with the furbishing of the Hotel apartments above.

I have today telephoned Tiger,no one there to talk to me,e.mailed them three times different departments, no one has e.mailed back, there actually site still says completion June 2008, and there e.mail addresses for public relations get returned failed. Next step I think, trip to Dubai and camp out in their office until someone sees me.
What a shower of incompetant people.

What can you expect from people calling themselfs "tigers" ... or from Sharjah for that matter :lol:

It seems I was lucky not to opt for this building. Somehow the project did not appeal to me from begining though the CD/booklets were all nice.

^^ They were claiming for long time that this tower will be the tallest residential tower in the World, even that the tower that was currently holding the title was already taller ... and in Dubai. :bash:

They continued claiming the same even after a number of much taller towers were being proposed for the area around them. :ohno:

how many times do i tell u to stop bullyin' sharjah..
:lol: :lol:


What can you expect from people calling themselfs "tigers" ... or from Sharjah for that matter :lol:

It seems I was lucky not to opt for this building. Somehow the project did not appeal to me from begining though the CD/booklets were all nice.

Yeah but the CD/booklets are always nice aren't they!? Then later you get a good dose of reality!!!:yes:

Viky, I think you went for MAG 218, as did I. There were multiple factors that led me to that decision, and I never even considered Pinnacle. But the reputation of the developer is always a big question to ponder. In the case of MAG they were intially tied up with Asteco, although they later dropped that association. Asteco is well known in the UAE, MAG at that time (and still now) was not. So, Asteco's involvement made me feel more comfortable.

I'd be curious to know what those who settled on Pinnacle were most influenced by.

Recieved monthly report and pictures from Tiger, unfortunatly don't know how to get them onto here. Any ideas. Thanks

^^ Resize (if big) and upload them to www.imageshack.us or www.tinypic.com and post here the tag that the site will generate after the upload is completed.

Contacted Tiger yet again today.
Although our contracts clearly state that after a six month delay Tiger must pay interest on all payments made, and after 12 months delay, the purchaser is entitled to a full refund of all monies plus interest.
Tiger have said they will not be paying any compensation.
I have already told them I will go legal. Does anyone know a good lawyer

Paragraph 13.1 of contract does state that pay interest on payments and all money if the property is not completed 12 months after the original completion date. However, in Paragraph 1.1 there is ambiguity over the completion date. It is given as "approximately" June 2008. Tiger will claim however that they have done everything in their power to complete the property on time but that factors outside their control meant that they couldn't meet their commitments. A sympathetic judge will find in their favour and order them to complete the job asap.

You said that you got your monthly update for August. I didn't get mine yet. (?) :ohno: Has there been any work done in the last month at all?

OK I'm no legal expert but I'm not so sure a judge would decide in Tiger's favour. The project is delayed and the intention of the contract is that it provides for compensation after June 2008. The Court would have to decide what is a reasonable date to assume given the "approximately" wording. They could decide for example that anything more than two months past June 2008 is a reasonable delay. A good lawyer would tell you whether or not you are likely to obtain judgement in your favour so see one a.s.a.p. That's my advice.

http://i15.tinypic.com/4y5qjog.jpg

Considering how much these apartments cost. I was very disappointed with the finish in the bathrooms.

http://i19.tinypic.com/4ue08kn.jpg

I checked with a lawyer friend of mine this morning. He reckons that little can be done legally until the completion deadline has expired. Also failing to pay the installments might lead to breach of contract by the buyer. It appears to be a catch 22 situation. Thanks Pinnacle1 for the photos. At least there seems to be a bit of work going on for a change.

17/Aug/2007

Marina Pinnacle

http://img502.imageshack.us/img502/891/imresolt063um7.jpg (http://imageshack.us)

http://img409.imageshack.us/img409/5182/imresolt069fa1.jpg (http://imageshack.us)

http://img514.imageshack.us/img514/2064/imresolt087ha5.jpg (http://imageshack.us)

Only 8 floors in 18 weeks, this is slow, less than 2 floors a week. Any idea what the problem is here ??

5th March 2007:

http://i16.tinypic.com/52yzjt0.jpg

6th July:

http://i8.tinypic.com/62xfbdy.jpg

Excluding the podium they are now slightly better than 2.5 floors per month. Don't think they work Fridays :dunno:

Hi Gaso, who do you make your payments to. I was asked to make mine to Al Marsa Tower. What ever that is. Does anybody know. Or was this the old Marina Pinnacle name.

Hi. Sorry for answering so late, I took some vacation but now I am back. I have mande payments to the famous Mohamed Mohamed but lately also cash in their office. I have also seen Al Marsa Tower somewhere on some documents... Really worried!!! How about that association, are we going to form it anyway? Good luck to all...

Hi Gaso,
I think we need to do something. Looking at Imres photos saturday, there are absolutly no workers on site. I have contacted Tiger, and they have made it quite clear there will be no compensation paid, despite their contracts saying compensation will be paid after certain delays. I have been dealing with Mohammed Hamdy, who never gives reasons for delays,never answers e.mails, but makes the occasional phone call so he can deny the conversation took place. We need to know who is purchasing this project and demand to know what is going on and why compensation is not being paid.If anyone is purchasing from this project, please get in touch.

I have sent this e.mail this morning to Tiger, and hope for a response. I will probably never be allowed in the country again, but surely if they just give answers it would put peoples minds at rest.


Att Waleed Mohammed Mohammed.

Dear Sir,

I am just one of the purchasers of apartments in the Marina Pinnacle project. At present we are forming an association of as many purchasers as possible, so we can be legally be represented in court.

Many of the purchasers are very concerned about the Marina Pinnacle project, and the severe lack of commitment and building work that is being carried out.
When I personally purchased my apartments I was told completion was December 2007. After paying a 10% deposit, my contracts were sent out, with a completion date of June 2008. So it was already to late to cancel as you had 10% of my money.
Three months ago I found out,not by yourselves, because no one from Tiger had the decency to tell it's clients, that the project had been put back 18 months.
I e.mailed Tiger, and was totally ignored, I have tried e.mailing, telephoning, and still no answers as to why such a huge delay.
I visited your site and office in June of this year, and spoke to Mr Hamdy, who would not give reasons for delays and was getting annoyed when I continually questioned him. He said he would revise the payment schedule, not because of the delays, but if I did not take the original offer of 50% on finance. I wonder why? He also assured me that you were now committed to building one floor per week, fact is there have only been 8 floors built in 18 weeks.
Even your own website is still misleading people by advertising completion June 2008. Your clients are now fed up with all the excuses and want some answers.

The association now wish to know from yourself

1) Why are there huge delays on this site.

2) Why are payments being made to Al Marsa Tower and not Marina Pinnacle.

3) Why haven't all payment schedules been put back 18 months.

4) why are you refusing to pay compensation, when your contracts clearly say you will.

5) Why are you still advertising completion June 2008 on your website, and in the shopping centre in Deira.

6) Why won't anyone from Tiger respond to our questions.

Maybe the owners of Tiger can respond to all our questions and put our minds at rest as to when and if this project will ever get completed.
Or at least give your clients the option to pull out and have a full refund with interest on payments already made, as per you contract.

Can we only have a response from yourself.

Hi
I think that in order to put some real pressure, we need to form the association, find a good local lawyer, and pay him to do some serious investigation and write official letters to Tiger on behalf of us. I may recover the old email in which there were listed all the addresses of owners up to Nov 2006 (was it?). Besides, I have just discovered that "marina view" appartments will be covered by a new building that is now being built right across the street blocking the supposingly marina view from my future flat, which obviously, I have paid more expensive than the back view!!! As usual no words about this from Tiger...

The apartments opposite are, The Torch. I to have paid for Marina Views, but am not likely to get any. I don't think any of these people can be trusted. Your not going to get your money back, so you rather stop paying, which is what they want you to do, or pay up and hope. You are right though, we need to contact them as a group not individually

In fairness though, nobody can guarantee your views and nobody will. In fact even if you buy in princess tower, in 5 years time someone may dig up the land in front and build an even taller tower (although that's unlikely).

^^ That's true, there are no real guarantees when it comes to the Marina, or Dubai in general. You never know what's going to happen next! You can't expect perfect views in a place where there are hundreds of towers going up! It's inevitable that some towers will block other towers.... It's going to happen!

Hopefully if they ever do build in front of that super-tall block it will be low-rise buildings. You'd have to be seriously lacking in intelligence to build anything of the same height or even taller directly in front of Princess Tower, ER, etc.:nuts: That would be a real shame though.:ohno:

All true on the view and location, limited to Dubai though! However, now every buyer is stuck, paying up front and then accepting whatever he/she is given whenever it is convenient to the seller without any rights whatoever? This is insane.

Sorry am I missing something here.
Why would Tiger want their clients for Marina Pinnacle, make all payments to Al Marsa Tower, which has now changed it's name to Emirates Tower serviced apartments. Did Tiger construct these or have anything to do with them?. Or is it so they can say they have never recieved payments for Marina Pinnacle?. Still no response from Tiger.

Not sure...

Correct me if I'm worng but Al Nabooda was the main contractor for Al Marsa...Can't see anything about Tiger...http://www.gulfconstructionworldwide.com/bkArticlesF.asp?IssueID=258&Section=1461&Article=7504

I have sent this e.mail this morning to Tiger, and hope for a response. I will probably never be allowed in the country again, but surely if they just give answers it would put peoples minds at rest.


Att Waleed Mohammed Mohammed.

Dear Sir,

I am just one of the purchasers of apartments in the Marina Pinnacle project. At present we are forming an association of as many purchasers as possible, so we can be legally be represented in court.

Many of the purchasers are very concerned about the Marina Pinnacle project, and the severe lack of commitment and building work that is being carried out.
When I personally purchased my apartments I was told completion was December 2007. After paying a 10% deposit, my contracts were sent out, with a completion date of June 2008. So it was already to late to cancel as you had 10% of my money.
Three months ago I found out,not by yourselves, because no one from Tiger had the decency to tell it's clients, that the project had been put back 18 months.
I e.mailed Tiger, and was totally ignored, I have tried e.mailing, telephoning, and still no answers as to why such a huge delay.
I visited your site and office in June of this year, and spoke to Mr Hamdy, who would not give reasons for delays and was getting annoyed when I continually questioned him. He said he would revise the payment schedule, not because of the delays, but if I did not take the original offer of 50% on finance. I wonder why? He also assured me that you were now committed to building one floor per week, fact is there have only been 8 floors built in 18 weeks.
Even your own website is still misleading people by advertising completion June 2008. Your clients are now fed up with all the excuses and want some answers.

The association now wish to know from yourself

1) Why are there huge delays on this site.

2) Why are payments being made to Al Marsa Tower and not Marina Pinnacle.

3) Why haven't all payment schedules been put back 18 months.

4) why are you refusing to pay compensation, when your contracts clearly say you will.

5) Why are you still advertising completion June 2008 on your website, and in the shopping centre in Deira.

6) Why won't anyone from Tiger respond to our questions.

Maybe the owners of Tiger can respond to all our questions and put our minds at rest as to when and if this project will ever get completed.
Or at least give your clients the option to pull out and have a full refund with interest on payments already made, as per you contract.

Can we only have a response from yourself.
Hi buddy. Did you get any reply? I doubt if you received any though...
With me they are acting like usual, no answers, just an email reminding me that I am late with my installment. So far, I have paid 70% already. Any expert out there to advise if I should continue paying or better start claiming my money back with a lawyer's help?? Thanks.

No response so far, have sent e.mail everyday. If they had nothing to hide, they would respond. Are you making payments to Al Marsa Tower, if so, I would not withold your payment, as you will be in breach of your contract. But I would suggest payments are made to Tiger for Marina Pinnacle only.

I did recieve an e.mail in June 2006 from Tiger, because I had asked why was I making payments to Al Marsa and not Pinnacle?

There reply was " We would like to confirm that the account Al Marsa Tower is the direct account for Marina Pinnacle" Although my first payments were made out to Tiger contracting co.

It would be great if Tiger could put everyones mind at rest, and just answer our questions.

Let me know how you get on.

31/Aug/2007

Marina Pinnacle

http://img123.imageshack.us/img123/6459/imresolt014ng8.jpg (http://imageshack.us)

http://img250.imageshack.us/img250/648/imresolt015cc2.jpg (http://imageshack.us)

Thanks for the pics Imre.
1 and half floors in two weeks, this could actually be ready by 2010. Or am I being to optimistic

07/Sept/2007


Marina Pinnacle

http://img529.imageshack.us/img529/5287/imresolt279cv1.jpg (http://imageshack.us)

http://img213.imageshack.us/img213/8585/imresolt049ci1.jpg (http://imageshack.us)

Just found this site....I bought 2 units at pinnacle back in 2005. When I read your posts I am having the same issues. I found out about the delay when I sent one of my contacts to Tigers office. They told him that they were not replying to my emails because they did not have the face to tell me about the delay. So Mr. Hamdy called me a few weeks ago about the issue. He told me that he is going to email me a new offer that would really help me. He said he will email me that day. It has been over 2 weeks still no email. So it does sound like we have to team up on them. As a group we can get more done.

Its no good talking to Mr Hamdy, he is just a bull shitter and the whole company for some reason hide behide him. I have e.mailed Waleed Mohammed Mohammed (who is the signiture on my contract)everyday for three weeks, but no reply. Does everybody else have him down as the owner?
The offer they make is crap and not worth accepting, if you do accept they say this is your compensation and you won't be entitled to anymore. I think this company has a problem.

Another thing to remember. Tiger say this project has been put back 18 months and will be complete Dec 2009. I was there in mid May and in the last 16 weeks they have only put up the shell on eight floors. Unless they have a sudden input of 500 workers on the site, there is absolutly no way this project will be complete by Dec 2009. So doesn't matter how they restructer your payments, you will have this same problem in two years time. Does anybody know about this Tiger outfit? Before its to late and a lot of people loose a lot of money. We don't want another lighthouse.

Yes, he is the owner. I read a story on the net a while back that said he is the CEO. My problem is what happens if we refuse to make a payment. Do we have any rights here? At this time should we be speaking to a lawyer? It really looks bad at this time. For me it is really bad cuz I just lost my house to the bank. I lost my job a year ago and had to live off savings for a while and most of my money is tied up here. So any idas from the group would be great.

^^You should pm that kind of personal stuff! Not a good idea to wash your dirty linen in public.

Yes, please continue this as PMs

Sorry True Blue and Malec. It was not meant for dirty washing in public, but as a warning to all the other Marina Pinnacle purchasers who are experiencing these problems. Which according to this site is mounting daily. Do you not think that the actions of Tiger are less than normal.

I would suggest that one of the concerned parties here goes back on this thread and try to calculate an exact build rate on these floors, then extrapolite to determine when the tower will top out. To that add 18 months and I think you will have a good indication or a worse case scenario for completion, assuming, as it seems, that the only real issue here is slow progress and not an actual halt in construction.

I don't think the picture here is as bleak as some are suggesting. I don't see any reason to think that one might lose their investment. The only issue is delayed completion. Even if that's one or two years, we don't have a Damac here and we definitely don't have a Lighthouse. Keep the pressure on the developer, but understand that the glass is half full here.

I am not looking for pity. Just letting you guys know how serious the situation is.

Imres photos dated 7th Sept show 17 floors. Imres photos on mag 218 dated 10th show pinnacle in back ground with 18 floors. Could they have built an extra floor in this time.?

Given thier previous work rate..that would amount to a miracle!
Have a brother working as a project engineer in Dubai for 10 years checking on the bona fides of this outfit.

I rendered my Marina Pinaccle model in kerkythea.. this is the result, i'll try to make more (smaller) pics when i have them, will do that tomorrow or something. hope you think it turned out good!

http://i3.tinypic.com/6fpdpgg.jpg

20/Sept/2007

Marina Pinnacle

http://img210.imageshack.us/img210/1849/imresolt061lf5.jpg (http://imageshack.us)

Thanks for photo Imre.
From 17th August to 20th September they have managed to put up 3.5 floors.
Thats nearly a floor a week. Great to see there is finally some movement. Or am I speaking to soon.

THX for the PIC.....They called me this week to tell me they are sending new payment terms. Its been a few days still no email. I asked them what the problem was, he told me that there is a shortage of supplies. He said its not just them it is all developers. Comp date has been moved to end of 2009. Not sure what we can do?

Get the best payment deal you can. Pay up and wait. As long as it is still going up, theres probably not a lot else you can do.

...he told me that there is a shortage of supplies. He said its not just them it is all developers.

A convenient generalization. I don't think 23 Marina or the Marina Mall are having such problems. Surely some developers will face this problem. The better ones won't as they will have had contingencies.

^^ That's for sure but a shortagge on supplies (both human, materials and machineries) is a real and serious problem in the industry.

at least they are decent enough to admit and change payment plan. Dubai Select wont't admit or change anything :ohno:

Does anyone know about these new laws with regard to payments being paid into an escrow account. I thought that all payments on new or existing projects had to be paid inti an escrow account, and only for the project that was being purchased.
I recieved an e.mail today from Tiger informing me that all future payments are still to paid into their usual bank account for The Al Marsa tower.
Any thoughts.

Its ok. I have just read an article by clyde & co.

It states that from 28th June 2007 by Dubai law no 8 of 2007,which is bolstered by the introduction of a Real Estate Registry (RERA) which will be responsible among other matters in implementing escrow regulations. RERA is established pursuant to law no 14 of 2007 and is formed under the umberella of the Dubai Land Department, with authority to regulate the real estate sector in Dubai.They say that all developers must be registered by the land department and that it applies to all developments under construction that are not yet complete.All payments made after 28 June 2007 will have to be paid into the developers escrow account,that they must set up for their clients. Payments can only be made by the client to the developer for the project that they are purchasing.
The article goes on to say that this will protect all clients future payments. It is a three page article so cannot relay all points.
Obviously Tiger are not aware of the new law yet (I don't think so) So tomorrow I will have to e.mail them and give them a gentle reminder.

I know a lot of you will already be aware of these laws, but there are a few, like myself, who are still learning from day to day.

Any meaningful communication with Tiger recently? Haven't been in Dubai for a few months now so I have no idea if work has picked up recently, now that the weather is a lttle cooler!!

Suppose to be sending me updates and photos tomorrow.

at least they are decent enough to admit and change payment plan. Dubai Select wont't admit or change anything :ohno:

Have Tiger confirmed they're paying compensation ??

No. They did have the cheek to say that by changing the payment times, that this was the compensation. This was said by Mr Hamdy though, so probably has no credability.

They also sent me updates today, but it looks hardly any different from last month,possibly one floor,unless they are doing a lot of internals.

They've gone up one level for sure in the last couple of days.

No. They did have the cheek to say that by changing the payment times, that this was the compensation. This was said by Mr Hamdy though, so probably has no credability.

Well at least they're changing the payment dates which is better than nothing. :)

(BTW the reason DS will not do this is because they ARE paying compensation. They cannot be expected to do both, otherwise they'd effectively be compensating investors twice - which would be very nice but their Finance Director wouldn't remain in his job for long !! )

What are your views on them still wanting payment made to Al Marsa Tower

^^ What is the story with Al Marsa Tower? What they have to do with Al Naboodah Group that owns and builded that tower?

Tiger have always told me, it is just the old name for marina pinnacle. I don't think.

^^ Marina Pinacle was launched when Al Marsa tower was underway since a year or so.

My understanding is that the area of the Marina is Al Marsa and prior to branding the building Tiger orinally referred to it as Al Marsa Tower. I don't think it has anything to do with the other building.

The Al Marsa tower is what is now Emirates Marina Hotel & Spa?

My understanding is that the area of the Marina is Al Marsa and prior to branding the building Tiger orinally referred to it as Al Marsa Tower. I don't think it has anything to do with the other building.

Well ... understandably obvious.


The Al Marsa tower is what is now Emirates Marina Hotel & Spa?

Correct.

I found this one on flickr. The picture is made by Rubared on October 11th
http://farm3.static.flickr.com/2304/1545672925_51fb22459b_o.jpg

15/Oct/2007

Marina Pinnacle

http://img144.imageshack.us/img144/5659/imresolt29wp3.jpg (http://imageshack.us)

18/October/2007

Dubai Marina (Marina Pinnacle, MAG, The Torch etc...)

http://img522.imageshack.us/img522/246/imresolt079yk4.jpg (http://imageshack.us)

I'm in the UAE (Abu Dhabi) and many of these Image shack images aren't opening. What's up with this? Is it just a slow network or something more sinister?

It's a government conspiracy but luckily I have a way around it, which I will gradually reveal to you by way of a series of cryptic riddles, each one more fiendish than the one preceding it. But first, I need to know I have gained your full trust and total submission to the cause. Bring me a cigarette, half a fish finger and and a rusty old hinge from a window of an attic bedroom, and we shall begin.

Have you been at Citiscape today?


... what else would explain the overly bitchy mood of today :lol:

They're going up a floor every 7/8 days now ... which is an improvement?

Did everybody get new terms? They sent me new payment terms, then two days later sent another email asking me what I think......

Have you been at Citiscape today?


... what else would explain the overly bitchy mood of today :lol:

^^He may have spent the day at home :)

24/October/2007

Marina Pinnacle

http://img125.imageshack.us/img125/7323/imresolt039aq4.jpg (http://imageshack.us)

http://img86.imageshack.us/img86/6060/imresolt040hv8.jpg (http://imageshack.us)

Hi there, I have created a group in facebook called Marina Pinnacle and have invited others who have also bought an apartment in the Marina Pinnacle.

To access, go to www.facebook.com - if you havent already registered then please do so, if not then you can search for the marina pinnacle group and add yourself.

thought it would be easier to have everyone on the same site, that way we can post pictures and all sorts.

I'm looking at buying a unit in this development and was wondering if one of you could post the "revised" payment plan. Also the original plan as well would be helpful.

Thanks.

Further to my last, if anyone also has the original purchase price listings for the Pinnacle that would be helpful........all I have been able to pull up on my internet searches is a set initial price of 750 dhs/sq ft. Obviously this would change based upon type/floor so any updated info would be greatly appreciated (either a post or a p.m. would be sincerely appreciated).

Thanks.

02/Nov/2007

Marina Pinnacle

http://img258.imageshack.us/img258/1016/imresolt170eq4.jpg (http://imageshack.us)

09/November/2007

Marina Pinnacle

http://img340.imageshack.us/img340/4982/imresolt099jh7.jpg (http://imageshack.us)

Unfortunatly there could be more bad news folks. Tiger are now saying completion is going to be put back again, as they now intend to build an additional six floors. What they have also said to some people, is that they will be honouring the compensation as per contracts.But have not said how much or if everyone will get it. He who shouts loudest I suppose.

Unfortunatly there could be more bad news folks. Tiger are now saying completion is going to be put back again, as they now intend to build an additional six floors. What they have also said to some people, is that they will be honouring the compensation as per contracts.But have not said how much or if everyone will get it. He who shouts loudest I suppose.


Surely they will break their contract if they build more floors than originally stated in the document. :bash: Is this from a reliable source. Given the current workrate it will be 2010 before it is handed over!:ohno:

I had an e.mail today from a guy called Raul who has a company in Dubai and is also purchasing a Marina Pinnacle apartment. He informed me he had a meeting, after a three hour wait in Tiger offices, with Mr Taha Mohammed from Tiger (who is apparently the brother of the owner) and these points were outlined by Mr Mohammed. If it is not true, I cannot understand why Tiger would make these comments. Who knows. If anyone has more information,please share.

Have spoken to Sherwoods this morning, who have also been told by Tiger that completion is more likely to be 2010

I have been trying unsuucessfully to get any responses to my questiosn(by email) and telephone requests to the office result in being requested to ring back later to talk to Mohammad. Short of visiting in person has anyone else had any better success with contact. Revised terms have been received by me earlier but are completely unacceptable.

No one at Tiger until Saturday.
I am also getting in touch with the land department, as Tiger will not confirm they have an escrow account, and they still want payments to Al Marsa Tower, which is against Dubai law 8 and RERA law 14.

Still no reply from Mohammed Taha at Tiger. Recieved a telephone call from Tiger accountant Mohammed Hamdy trying to fob me off with excuses about ever thing. He did say Tiger are not registered with R.E.R.A.and everyone should continue making payments to old bank account and still in the name of Al Marsa Tower. I told him I would contact R.E.R.A. and he put the phone down. I have now sent the following to Tiger and await their response.

Att Mohammed Taha.

Have been advised by Real Estate Regulatory Authority, that before anymore payments are made to your company, you must,

1. Provide your R.E.R.A. Registration number.
2. Provide proof of R.E.R.A. I.D card.
3. Give bank details of Escrow account for payments only to be made to project being purchased, MARINA PINNACLE.

Could you please provide me with all these details.

I know that it has been asked before but is it possible to get a list of all investors in the building and form an alliance to take Tiger on?

23/November/2007

Marina Pinnacle

http://img266.imageshack.us/img266/783/imresolt052tb6.jpg (http://imageshack.us)

http://img261.imageshack.us/img261/4969/imresolt053uu1.jpg (http://imageshack.us)

http://img404.imageshack.us/img404/4315/imresolt060so0.jpg (http://imageshack.us)

Still no reply from Tiger, how unusual
Is every Pinnacle buyer still making payments to Tigers old bank account and Al Marsa Tower?
Spoke to Sherwoods today, they also informed me they are having trouble with Tiger. Have sold a resale, but Tiger won't release paperwork.
You cannot seem to give these apartments away these days. These must be the only apartments in the marina, that are actually going down in value.

Well I have to make a payment next week, my first one with new "improved" payment plan, they want it to go to the old account. We should all get together somehow and seek legal action. Any ideas?

Have you contacted Tiger telling them you will only pay into an escrow account and for the Marina Pinnacle only. If not, do it, and see what response you get.
I don't know how we stand legally, but none of us are buying Marina Pinnacle on paper, all our money is going to a ficticious tower.
We might have contracts for Marina Pinnacle, but if we are blindly sending our money to Al Marsa Tower, who is to say Tiger cannot go bankrupt or just deny having recieved payments for Marina Pinnacle.
I think we all must be mad, if we bought a property in England, we would,nt pay our mortgage for one we were not buying.
If we don't do something soon, we could all have problems. If everything is ok, why won't Tiger respond to its clients.

Yes, Hamdy emailed me a few days ago asking me why I have not confirmed the new payment schedule. I told them that I dont agree and that I will be visiting the first of the new year. I have not had a response its been 3 days.

DON'T AGREE YOUR NEW PAYMENT SCHEDULE,AS HAMDY WILL SAY THAT THIS IS YOUR COMPENSATION FOR DELAYED WORKS. HE IS TRYING THIS ON WITH ME AT THE MOMENT.

Attached is an interesting article relative to the introduction of a new law that governs developments and sales off plans in Dubai. It obliges the developer to Register and open an Escrow Account for its developments. This Law was passed into effect in June of this year and would appear to govern the Marina Pinnacle developement. From the article attached it looks as though the Developers have until December 28th 2007 to comply with the new regulations which afford purchasers a degree of protection on funds paid as down payments. Hopefully, a few members of this forum will find it of interest. I have raised this with Tiger (in email) but as of now have yet to receive a satisfatory reply (in fact no reply received!)


http://www.clydeco.com/knowledge/articles/escrow-law-dubais-new-regulations-for-the-sale-of-off-plan-units.cfm

As I have already stated, I e.mailed this to Tiger,

Have been advised by Real Estate Regulatory Authority, that before anymore payments are made to your company, you must,

1. Provide your R.E.R.A. Registration number.
2. Provide proof of R.E.R.A. I.D card.
3. Give bank details of Escrow account for payments only to be made to project being purchased, MARINA PINNACLE.



Still no response. I to have a payment to make in December, but have told them I will not make the payment until I have the information I have asked for. I am not breaking the contract, I am not refusing to pay, but I will only pay as per Dubai Law 8 and R.E.R.A. Law 14. When Tiger adhere to these laws I will make payment.
Everyone who has to make a payment should ask for this information, and refuse to make payments until proof of registration and I.D. card can be obtained. There is nothing Tiger can do about this, as it is them who are breaking the Dubai Law.

Mohammed Hamdy has already admitted to me that this new law is causing them problems, this probably because they cannot use our money to fund other projects.

Is anyone willing to disclose what Tiger have given as new payment terms.

I can disclose, what would you like to know. I too have a payment that is due on the first of Dec. I have my ticket, I will be out there on the first of the new year.

I have 1 payment in December, then every six months( only two to pay) then final payment increased from 10 to 15%.
I did note someone made a comment on why should we recieve compensation and a revised payment schedule.
The payment schedule is only being revised because of the delay in completion,all the money still has to be paid.
If like myself I intended renting these properties, the lose in revenue on four 1 bed apartments, even at £250 per week, would amount to £78000.
So yes, I do think compensation should be paid, or better still get the apartments built.

I have paid 50% to date my next payment is due on the 1st of December for 7% every 4 months till complete. This is the new "improved" payment plan they are offering me. Pinnical1 what are you going to do about your next payment?

Hello fellows, future building neighbors!
I think that we are all victims of some nicely designed international mafia that got loads of our money easily, because we were blinded by the flashy Dubai Marina, and we are now running after them to save what we think still can be saved...
I suggest to ALL, do what I have already done myself, send an email copying the text from our firend pinnacle1 (I think) and inform them that you are following this rule and will not pay until you get a satisfactory reply. Months ago, someone suggested to create a committee and take them to court. Any suggestion on how to do this discretely, outside of this forum?
Bye!

I agree with you folks about the need for an escrow account, compensation for delays and revised payment schedules. But I don't get the Mafia reference. This tower is rising. It might be delayed but it is rising before our eyes. Clearly, money is being spent by the developer on this project and it is progressing.

I agree with go dubai. At this stage, just let Tiger know that you are not refusing to pay, but you want to pay into an escrow account for Marina Pinnacle. When Tiger have this in place, that you or us will gladly continue payments.
It would also appear that Tiger are adjusting their repayment terms for different purchasers.
Common sense says if we all had payment terms when we purchased our properties, and the project has been put back 18 months, then all payments should be put back 18 months.
The reason Tiger won't do that, is because for 18 months our money can be used on other projects. This will obviously cease when Tiger sign up to Dubai Law 8. Which is where it is going to start causing them problems.
I personally will not be making any more payments until I know my money is reasonably safe in an escrow account.My next payment is 18th Dec, all contractors are supposed to be signed up by 28th Dec, so Tiger will have to wait. What will happen to previous monies paid, is any ones guess.

"What will happen to previous monies paid, is any ones guess."
That's exactly where I refer to "mafia". No guarantee to what we already paid: personally, I already paid over 50% to the account of some Emirati guy whom I never met... Will that hold in any court if I ask for my money back??! Will it apply to the purchase of the appartment I signed up for? Who knows. So, enough. I'll wait for clarifications before paying further.

Just keep reciepts of all money paid. On checking all my receipts they do say installments for Marina pinnacle and are on Tiger headed reciepts.
I just don't understand why they have to be so rude, the incompetance I can understand. A few explanations from Tiger would have put everyones mind at rest.

Have just spoken to Tiger. They have assured me that they will be sending me full details of their escrow account and bank details and an update on the Pinnacle.
I will post as soon as recieved.
I also told them that several Pinnacle purchasers had got together and had all agreed that no more money would be sent, unless it was into an escrow account.
Lets see what happens.

Well done Pinnacle1. It seems that at least your persistence has paid off. An escrow account will at least put minds at rest that about the bona fides of Tiger. I looked into other projects they have in the region and would like to know what investors experienced.
I have been unable to get any reply from Tiger but have asked Go Wealthy from whom I bought the apartment to look into things for me.

28/November/2007

Marina Pinnacle

http://img507.imageshack.us/img507/7366/imresolt019bz2.jpg (http://imageshack.us)

http://img136.imageshack.us/img136/9231/imresolt020ia9.jpg (http://imageshack.us)

Imre, great photos, on the second one Im trying to work out where the arch and tennis courts are.

Its alright Ive sussed it. That is such a decieving angle shot.

Wonders will never cease.
Just recieved e.mail from Tiger

Dear Sir,

Thank you very much for your call yesterday. Reference to our
conversation regarding the Escrow Account, we will give you definite
answer on or before 15 December 2007 because we already coordinate
and register to Dubai Land but we need little time for their answer
and they let us wait until maximum 15/12/07. As the Dubai Land
requires, please can you inform us which Bank will you gonna send the
payment and your account number as well.

We are looking forward for your wide understanding, patience and
cooperation on this matter.

Thank you,

Accounts Department
Tiger Properties
Tel: +971 4 3317767
Fax: +971 4 3317738

Everyone hold on to your payments until after this date.

Nice work everyone, love the pics Imre. We need to work as a team that way we can get some progress. I will have a trip planned to dubai for the first of the new year, so I will do all that it takes to speak to someone there. If more action is needed I can arange to meet with a legal team.

Hi!
I have not received any reply though to the clarification requested. I am glad that pinnacle1 received a reply, but I don't think it is generalized to everyone.
Besides, my payment is overdue. May be it is what makes the difference?
Good day to all.

Imre I was unable to view your recent pics of Marina Pinnacle. Could you sent again.
Thanks

^^ try these links

http://img507.imageshack.us/img507/7366/imresolt019bz2.jpg

http://img136.imageshack.us/img136/9231/imresolt020ia9.jpg

Got them Thanks

06/December/2007

Marina Pinnacle

http://img220.imageshack.us/img220/3476/imresolt041zb3.jpg (http://imageshack.us)

http://img138.imageshack.us/img138/3162/imresolt069es3.jpg (http://imageshack.us)

20/December/2007

Marina Pinnacle

http://img441.imageshack.us/img441/2507/imresolt082yw8.jpg (http://imageshack.us)

http://img139.imageshack.us/img139/4377/imresolt099kg7.jpg (http://imageshack.us)

http://img213.imageshack.us/img213/2927/imresolt136mp2.jpg (http://imageshack.us)

Anyone have any updates from Tiger about the escrow account? And anyone still making payments as scheduled?

Although I have asked them I have had no reply. Last month I paid as scheduled but told them that I wouldn't do it next time.

No updates on account, mine was due December and another one February, but I told them I won't pay until details recieved.

They did e.mail me a Christmas greeting though.

04/January/2008

Marina Pinnacle

http://img148.imageshack.us/img148/563/imresolt072gk4.jpg (http://imageshack.us)

http://img145.imageshack.us/img145/8180/imresolt075wd0.jpg (http://imageshack.us)

I also have not recieved any response regarding the Escrow position and have not forwarded the December payment

:ohno:Ugly tower - no cladding!

Regarding the new account, NO NEWS. They threatened me not to delay any further but I am holding tight: no further payments until they provide. They have been silent since I told them clearly my intentions (about 3 weeks ago).

18/January/2008

Marina Pinnacle

http://img259.imageshack.us/img259/4230/imresolt083lc6.jpg (http://imageshack.us)

http://img253.imageshack.us/img253/8945/imresolt088px8.jpg (http://imageshack.us)

Is it just me or have they not put up an new floors from the last pic? Its been a few weeks it doesn't look like they moved upward.

Position 1 year ago;

http://img258.imageshack.us/img258/1334/photo0702zp.jpg

1 floor every 12 days ~

Is that good or bad progress then ??

it is quite slow ^^

Is that good or bad progress then ??

What's your opinion?

What's yours ?? (I asked first). :)