I'll tell you shall I.

For DS it’s quite fast but for others who achieved a 3 day cycle in Dubai, it is very slow. Now then what is yours :lol:

Many congratulations Morris, your DS fan club has recruited a very knowledgeable member :)

not too bad,well organised job and the quality of te concrete and block works good, they are working every day, when I am walking on Friday always see workers there.

They have another project at the JLT site (Lake City), looks good from outside, I dont know the interiors.

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!

^^My quote from about 6 months ago. Opinion based on the understanding that the developer was not promising 2 floor per week. If they had then I would say it's slow!

I'd say progress was just about reasonable. Looking back over the last 12 months progress is probably not as bad as it initially seems here.

Hi Guys

I am a newbie to this site and forum.

Last year seemed a good year for progress, i.e. the building was going up. Tiger sent out contruction updates via email every month. However, for dec 07 I have not received an update (but did get xmas greetings email).

Has anyone else received an update?

Also, has any one seen this posted today on ameinfo. Not trying to scare anyone, but wonder if the updates have ceased due to the below.

http://www.ameinfo.com/144270.html

40% of Dubai construction projects 'suspended'
United Arab Emirates: 6 hours, 12 minutes ago
Dr Abdulrahman Al Tassan, CEO of Rakaa Properties, the investment arm of Riyadh-based Rakaa Holding, said 40% or Dhs587.7bn ($160bn) of the current Dhs1.5tr ($400 billion) worth of real-estate projects in Dubai have been 'temporarily suspended' due to defaults in payment for core building materials which are soaring in price, reported Khaleej Times. He said rising costs have caused a 'severe crunch' on the construction industry, which could increase inflation, create an economic slowdown and, eventually, an investment collapse.

Hi Guys

I am a newbie to this site and forum.

Last year seemed a good year for progress, i.e. the building was going up. Tiger sent out contruction updates via email every month. However, for dec 07 I have not received an update (but did get xmas greetings email).

Has anyone else received an update?

Also, has any one seen this posted today on ameinfo. Not trying to scare anyone, but wonder if the updates have ceased due to the below.

http://www.ameinfo.com/144270.html

40% of Dubai construction projects 'suspended'
United Arab Emirates: 6 hours, 12 minutes ago
Dr Abdulrahman Al Tassan, CEO of Rakaa Properties, the investment arm of Riyadh-based Rakaa Holding, said 40% or Dhs587.7bn ($160bn) of the current Dhs1.5tr ($400 billion) worth of real-estate projects in Dubai have been 'temporarily suspended' due to defaults in payment for core building materials which are soaring in price, reported Khaleej Times. He said rising costs have caused a 'severe crunch' on the construction industry, which could increase inflation, create an economic slowdown and, eventually, an investment collapse.

No Pinnacle has not been "temporarily suspended" given the comments made by Imre " not too bad, well organised job and the quality of the concrete and block work's good, they are working every day, when I am walking on Friday always see workers there."

Although the rise in construction costs is IMO a great worry, especially when combined with the developers 1% Land Registry fee now being based on value at completion rather than original purchase price - going to hit developers really hard and something they couldn't possibly have budgeted for - a massive mistake by the Dubai Government especially on top of big increases in cost of materials & labour, the actual lack of labour and retrospective escrow law. It doesn't seem unrealistic that 40% of developments may be in trouble given all this. :ohno:

Happy new year everyone.

Have been e.mailing Tiger everyday with regard to escrow account, but no news yet.

E.mailed them today asking for updates and January progress.

Recieved loads of photos and January update within 2 hours. Really impressed and site looking good. If I knew how to upload them I would.
If they could only delay our fears about payments,I would be really happy with their progress and the whole situation. Plenty of workers on site.

http://i29.tinypic.com/34qa5ox.jpg

^^ at least construction is still going on here ...

I got an email from Tiger asking for payment. They went back to the old payment schedual, not the revised payements that they last sent me....

Well, if the new payment schedule has been agreed then just remind them of this. I have notice a low level of attention when managing paperwork, so I would just think that it is Mr Hamdy whom just got confused and did not realize that you have a new plan. Let us know how it goes please.
Regarding my payments, I told them, once again, NO WAY. No escrow account means no further payments from me! I hope that all the others are holding to this position, like I am...
Cheers

I have e.mailed them every day asking for escrow account details, and telling them I am not refusing to pay, but will only pay into the escrow account that Mr taha said he would have details of on 15th December. No reply.
They too have asked me for payments today going back to November and also for February. I have telephoned and left several messages for Mr Taha. No Reply.
Someone sent me an e.mail the other day by mistake, it should have gone to Tiger. He was asking Tiger, when will he get the keys to his apartment. He was still under the impression that they were completing June 2008. Mr Hamdy is so bad at his job.

Well, I am living in the Marina Heights Tower and we are all quite suffering from the noise levels of the constructions around there (Torch, Mag 218 etc) ... all I can say about the Pinnacle is that this development is causing practically no noise at all... the workers there - if there are any - seem to work in silence mode...:-)

Hi,
Recieved more chase up e.mails from Tiger today, but no name was on e.mail.
Payments they were asking for, were already paid and reciepts recieved, so hang on to your reciepts, because they really don't know who's paid what.
They are now offering me big discounts if I want to purchase further apartments. I don't think so. As far as the building works go, it does appear that the floors are going up, albeit slow.

Do you have a price list for the apartments for sale? How big are the discounts?
Now might be a good time for new investors to enter. Current speed of construction is not bad.

You mean you would still buy one.

I very much doubt if the discounts are going to be much, in their e.mail to me they reckon that over the next month the prices are going to go up 20%.
I dont have the e.mail with me at the moment but tomorrow I will try and let you know what they say they are going up to and what discounts they are offering.

Speaking of discounts...... About 8 months ago they called me and said if I payoff the remaining amount in full (about 60%) they would give me a 10% discount.............:nuts:

01/February/2008

Marina Pinnacle

http://img502.imageshack.us/img502/9520/imresolt071tc0.jpg (http://imageshack.us)

http://img152.imageshack.us/img152/5636/imresolt075vj7.jpg (http://imageshack.us)

Hi,
I recieved an e.mail from Tiger today, advising me of some of the new selling prices for the Pinnacle.

All 1 bed, floor 16 new price 1,334,442dhs
21 1,390,511
30 1,491,435
33 1,530,682

These prices seem very high, It would be nice if they were accurate, I think it is just to keep people making payments, thinking they have a purchased cheap and have a great investment. Call me cynical.
Any comments please.

Actually these figures could be about right given that the tower is just past the half way stage now and the way Marina prices have been increasing lately. It's certainly way ahead of TT, Princess & Mag 218 and although not fantastic speed it's at least steadily heading in the right direction, at this rate will be topped out in another 12 months. Another year fitting out so completion likely Q1 2010. :)

I am not sure about that....I have talked to a few agents about selling my unit and they are talking in 800-850AED range. My unit is very close to the 16th floor that they are selling 1,334,442dhs...... At this point I am not sure what is going on.

Shouldn't they be starting the cladding now. Isn't this normally done at about the half way stage.........tower is looking a bit naked, I didn't think this allowed in Dubai ?? :lol:

I am not sure about that....I have talked to a few agents about selling my unit and they are talking in 800-850AED range. My unit is very close to the 16th floor that they are selling 1,334,442dhs...... At this point I am not sure what is going on.

What is the size of your apartment?

828sqft sea view.....

What is the size of your apartment?

I want to buy a studio in this tower, please email me at ogarbuz@hotmail.com

you want to buy everywhere:)

Wind Towers, Bay Central, Marina Pinnacle

Do you think there will be sea views. I bought marina views, but by the time all the buildings are finished, I will probably have back of torch views.:)

Above 65th floor ( I think that's right ) - there will be sea views (looking over La reve) otherwise on marina side nearest sea the corner apartments will have views looking over road to sea.

you want to buy everywhere:)

Wind Towers, Bay Central, Marina Pinnacle

maybe he have real estate company :cheer:

Do you think there will be sea views. I bought marina views, but by the time all the buildings are finished, I will probably have back of torch views.:)

Lucky for you the Torch looks good from all sides and dosen't have an ugly arse like some towers!
You should get good views of the pool.

828sqft sea view.....

If the agents are selling them at 800-850 AED they have to be the cheapest in the Marina. In a Tower that is this far in the construction stages it has to be a good deal, no? Imre? Steve?

^^ if construction is going on...slowly but surely then it is definitely undervalued and yes it is a good deal...delays would occur but the price is extremely attractive
u sure about the deal?? is it really Aed 850/sqft?

honestly, that price is very cheap now but I dont know why...

Really I did not know the price is so cheap here. If this is true just buy it now whatever the views. Forget Zurumd, promenade, atlantic, torch etc.

^^ u should buy too...really u wont lose there

Something is not right here. Too good to be true :nuts:

Perhaps because they advertise "German bathrooms" :lol:

But Mag218 was also selling very cheaply a few months ago.

:banana: I want one...who do I call?

So what do you guys think the current price should be? The price that Tiger is sending out or what a local agent told me?

:banana: I want one...who do I call?

http://www.bette.de/ :lol: :banana:

http://www.bette.de/ :lol: :banana:

HA HA

^^Sorry, I couldn't resist when I read the German Bathroom thing :lol:

I am living in the Marina Heights Tower so I can watch the progress in construction work of Torch, MAG and Pinnacle... fortunately the lowest noise level is caused by the Pinnacle because I do not see and hear anybody working there... I would not buy anything in there. Has Tiger gone bankrupt?

Did they get RERA approval ?

Not that I know of, I emailed them 2 weeks ago about it and they have not replied. This was in response to an email they sent me asking for payments.

Did they get RERA approval ?

So this might be one of the towers that RERA kills by enforcing escrow when the developer can not comply. Might be why construction has stopped while they sort something out.

^^Seems that way

Is anyone in Dubai that can go to Tiger head office.

Just tried to telephone them, and all lines were dead.

Hope it is just a fault.

Were Tiger ever on the RERA approved list ?? Just had a look can't see them unless they are under another name ?? Bit worrying if they never registered !!

Construction is ongoing, but it is very, very slow. At 9 a.m. I could see no activity at all at the top. A friend who works nearby tells me they are still working there but very few people. Tonight at 9 p.m. there was a cement truck in front doing something.

Thanks for the update...........

Construction is ongoing, but it is very, very slow. At 9 a.m. I could see no activity at all at the top. A friend who works nearby tells me they are still working there but very few people. Tonight at 9 p.m. there was a cement truck in front doing something.

If anyone hears anything definite about why progress on site seems to have slowed please pass it on. Or alteernatively and more importantly if work has stopped.

There seems to be a lot of speculation in the comments posted and I would appreciate if any defintive news is forthcoming. I am withholding payments until there is geater clarity with regard to compliance with the RERA registration and putting in place an escrow account.

Perhaps eveyone is thinking the same as you, withholding payment because of non compliance with RERA therefore no money to pay the workers so work slows down to a halt.

Why don't you call the developer and find out if they are RERA compliant. You should know already, because if they are you should have had the new escrow bank details to make your next payment to.

I have called them and up until 10 days ago they were not registered and still urging that payments be made as before.

I think this may be a case that the developer has spent the money as they recieved it and so can not put the investors money into an escrow account. I am not sure how they will get around that. If they were exempt from escrow rules as in the case of DAMAC then there would not be a problem as construction would continue as they recieve payment. I think RERA are indirectly preventing construction to continue. The exact opposite of what was intended!

I am not sure what the minimum requirements are for escrow compliance. Do they need to put all investors money ever received into escrow ? How could they afford to build the tower in that case? Perhaps they need to wait for a bank loan. :dunno:

A good investment for high risk takers to be had here, buying distressed seller's units.

latest report from Tiger. sorry if should not be on here.



Project: Marina Pinnacle Tower
4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai


I. ACCOMPLISHMENT TO DATE (As of 31 JANUARY 2008)

1. Finished concreting of slab and columns from 34th – 37th floor.
2. Finished concreting of core wall up to 40th floor and about to finish steel works for 41st Floor.
3. Finish plastering works of internal wall of all flat units from 22nd floor going down to 15th floor using CEMENT PLASTER (ready for tiles setting and wall paints). Also on staircase wall from 23rd down to 16th floor. In progress works at 14th floor going to lower floors and 23rd floor going to upper floors.( 2 groups )
4. Finished concreting of core wall stair-1 up to 37th floor and core wall stair-2 up to 33rd floor.
5. Finished casting of concrete at lift lobby of 35th and 36th floor.
6. Finished casting of concrete at electrical and garbage room from 24th – 25th floor and about to finish steel works for next floor.
7. 90% finished fixing fire stop (fire zone) sealant between AAC blocks and slab at 6th to 28th Floor.
8. Finished staircase railings at core wall from 4th basement to 22nd floor and in progress installation up to 34th floor.
9. Finished block works up to 27th floor and in progress works from 28th – 32nd floor.
10. 5% finished installation of G.I. pipes riser for LPG Gas pipe lines by Lootah Gas.
11. 50% finished in repairing of plastering works for internal wall and ceiling from 6th-11th using NATIONAL PAINTS product.(National Paint Contractor)
12. In progress plastering works by National Paint Contractor @ wall and ceiling of 9th -10th floor. (all flats)
13. Finished installation of service lift vertical hoist extension from 32nd floor up to 34th floor. (2 sets)
14. Start installation and fixing of Sprinkler pipes (partial) for fire fighting at 3rd basement, 1st basement, 1st and 3rd parking by subcontractor JUMA AL MAJID EST. and AL WAHAB.
15. Start installation of elevator railings and its accessories from 4th basement up to 10th floor by KONE sub-contractor.(P1, P2, P3 & P4 only)
16. Start fabrication, installation and fixing of main line of AC duct exhaust and pipes at 8th floor by Tiger contractor, 11th floor by NASH Gulf Electronics contractor.





II. NEXT ACTIVITY FOR THE MONTH OF FEBRUARY 2008

1. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 41st – 45th floor.
2. Shifting of table forms from 35th floor to 37th level and securing work area with railings.(same routine up to exceeding 4 floors)
3. Installation and fixing of column & slab rebars for 38th – 41st floor as well as shuttering works.
4. Concreting of column and slab for 38th – 41st floor.
5. Installation & fixing of rebars and casting of concrete of lift lobby from 37th – 40th floor.
6. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 37th to 40th floor. Core wall stair-2 from 33rd to 37th floor.
7. Installation and fixing of rebars and concreting of slab at electrical and garbage room from 25th – 28th floor.
8. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
9. MEP builders work.
10. Continue installation and fixing of staircase railings at core wall.(2sets)
11. Continuous AAC and SOLID blocks laying for walls and partitions.
12. Continuous work for all surfaces to receive spray plastering.
13. Fixing & Installation of crane beam support at 40th level.(inside core wall)
14. Jacking-up of 2 sets tower cranes.
15. Continue installation and fixing of pipes and exhaust for AC ducting @ 8th floor by TIGER, 11th floor by NASH Gulf Electronics contractor.
16. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of pipe sprinklers).
17. Continue repairing of wall plaster by National Paints contractor.
18. Continue elevator activities by KONE contractor at P1, P2, P3 & P4 up to 23rd floor.
19. Installation of another set of service lift/hoist.
20. Installation of additional new set of tower crane.
21. Clearing of first parking floor area and start mobilization of aluminum department.
22. General repair of garbage chute for construction debris @ 4th parking.







By: Engr. Gerry Neral

A good investment for high risk takers to be had here, buying distressed seller's units.

Certianly high risk buying here if no escrow account set up.

A good investment for high risk takers to be had here, buying distressed seller's units.

Certainly high risk buying here if no escrow account set up.

Does anyone know what the current rate is per sqft at Pinnacle?

For those who missed Imre's update on Flickr:

http://farm3.static.flickr.com/2140/2266016939_75618f9efd_o.jpg

Looking at todays update, from the last one on the first of Feb it looks like another two floors have been built, which is quite good considering reports on here have said that they have not seen anyone working on site.
Long live those invisable building fairies.

And when one floor is built in the torch, non stop postings start pouring in on the unbelievable accomplishment of building yet another floor. :ohno:

^^ That's because we don't have invisible fairies to help out at the Torch.

Ofcourse you don't,you only believe in undercover agents who make things look greater than what they realy are.:lol:
Wait a minute you said we don't have oh oh , who are WE?

And when one floor is built in the torch, non stop postings start pouring in on the unbelievable accomplishment of building yet another floor. :ohno:

:weird: I suggest you read posts 1246 & 1259 on the TT thread.





Ecsrow or not , there's good progress here, but why would they wait until it's topped out to start the cladding ??

Looking at todays update, from the last one on the first of Feb it looks like another two floors have been built, which is quite good considering reports on here have said that they have not seen anyone working on site.
Long live those invisable building fairies.
I WAS THERE ON THURSDAY AND THERE WERE PLENTY WORKING ON SITE THEN ? WISH TT was anyway near height the pinnacle anyway !!

:weird: I suggest you read posts 1246 & 1259 on the TT thread.





Ecsrow or not , there's good progress here, but why would they wait until it's topped out to start the cladding ??

Some buildings, Emirates Crown and the Marina Serviced Apartments to name a few, had cladding complete 1 year before building complete. If there is no live ventilation this can make the building very difficult to work in due to extreme heat in summer and thermal drafts caused by flue effect. Someone could have looked at this and decided that it was counter productive and should be floated to suit the climate conditions or the serviceability of the buildings own ventilation installation.

The more float that is used the more critical the activity becomes so it must be monitored closely. My guess is that cladding could start Sept this year without affecting completion.

^^ Many thanks for the explanation TB.

22/February/2008

Marina Pinnacle

http://img89.imageshack.us/img89/7366/imresolt017ac4.jpg (http://imageshack.us)

http://img529.imageshack.us/img529/2249/imresolt020qn9.jpg (http://imageshack.us)

http://img89.imageshack.us/img89/7889/imresolt029ry9.jpg (http://imageshack.us)

:ohno: This thread is loosing interest?! Where is everyone? I used to connect daily and discuss or collect info regarding my "investment" in Dubai, living over three thousand miles away! Lately, I can hardly find one post, once a week. Really sad... Is everything ok? Everybody (but me) is satisfied? Or did all the "habitué" move to another thread regarding Marina Pinnacle of which I do not have the link? Please help, if anyone has any piece of info regarding this building. I think that many (like me) do not live in Dubai and those who do actually give a big hand in keeping us updated. Please, don't stop! Thanks.

No this is a great thread.

I look at it all the time as when Imre post pics you can usualy see the Torch in the backround.

Fantastic.:)

Spoke to Tiger Saturday, they informed me that they involved in forty projects at the moment, and that they are trying to get rera registered. They say that on some projects this will not be possible, but did not say if Pinnacle was one of them. I once again reiterated that I was sitting on four payments but would not be making any further payments until escrow account was sorted out. Don't know if other people are still paying, but I do think we ought to with hold payments until escrow is in place. I personally do not want my money paying for one of their forty other projects.

Spoke to Tiger Saturday, they informed me that they involved in forty projects at the moment, and that they are trying to get rera registered. They say that on some projects this will not be possible, but did not say if Pinnacle was one of them. I once again reiterated that I was sitting on four payments but would not be making any further payments until escrow account was sorted out. Don't know if other people are still paying, but I do think we ought to with hold payments until escrow is in place. I personally do not want my money paying for one of their forty other projects.

This is a difficult one and hey, take no notice of me as it's not my money but..........I assume when you made your purchase here you were happy to do so without escrow in place. In fact you might not have even heard of it or, at least had no idea it would ever apply to this tower. So if you withhold your payments now the tower may very well not be completed and you'll lose everything. It's a valid argument normally not to pay any more to a developer unless to the escrow account, if the project is still nothing more than a piece of sand or only in the very early stages of a build. But every case has to be looked at individually. If I'd signed up here I would probably go ahead and make my payments escrow or not. It's a gamble...... do you put the tower at risk by not paying any more and lose everything or do you take the view that the better option is to stay with it.
Given this is a major tower right in the Marina I doubt it would ever be left unfinished. Yes I know the Lighthouse story but that wasn't even out of the ground. Difficult decision I know, but if it were me I think the less risky view might be to run with it and pay up............progress is quite reasonable here compared with everything else around the area...............just my thoughts, for what they're worth.

I got a brochure today from casa dubai, selling this tower with 10% Guaranteed rental of 3 years. Prices are from:

1 bed apts from £210,561
2 bed apts from £302,610
3 bed apts from £614,602

Is it worth that at this stage :dunno:

Even if you calculate the 10% rent for three years they are adding to the sale price and deduct it from the price that sounds well high to me.

Still good news for neighbouring towers if you know what i mean. Especially ones with potentially better views as this one is well boxed in.

http://i31.tinypic.com/5b1svr.jpg

Stunning views,

Great if you like looking at concrete, Fuck sake.:nuts:

I bet some poor bastard will buy that off the page without even looking at the plot in Dubai.


So they value as follows with minimum 2 years to complete.

1 bed £150,000
2 bed £212,000
3 bed £430,000

Any idea of floorplan sizes of units ?

I bought back in July of 2005, I was told that I would have sea/palm view. When I seen some pics I noticed the other buildings and questioned the view and they told me not to worry I will still have my sea view????

Stunning views,

Great if you like looking at concrete, Fuck sake.:nuts:

I bet some poor bastard will buy that off the page without even looking at the plot in Dubai.


So they value as follows with minimum 2 years to complete.

1 bed £150,000
2 bed £212,000
3 bed £430,000

Any idea of floorplan sizes of units ?

My contract says June 2008 as completion date, is that what everyone has?

I bought back in July of 2005, I was told that I would have sea/palm view. When I seen some pics I noticed the other buildings and questioned the view and they told me not to worry I will still have my sea view????

Of course you'll have a sea view, all you'll need to do is erect a 12 foot horizontal pole from your balcony, crawl to the end, look through the gap between Princess and La Reve there it will be. :lol:

Stunning views,

Great if you like looking at concrete, Fuck sake.:nuts:

I bet some poor bastard will buy that off the page without even looking at the plot in Dubai.


So they value as follows with minimum 2 years to complete.

1 bed £150,000
2 bed £212,000
3 bed £430,000

Any idea of floorplan sizes of units ?

HT although I like the progress of the pinnacle - I think the wait for TT will be worth it especially as I WILL a very good partial palm view over the top of Le REVE unlike the inhabitants of Pinaccle (correct me if i,m wrong) and the prices just quoted (if realistic) will make TT a good investment even if it is 2010 finish

To pinnacle1: I am withholding my payments too, as we agreed. However, the post of the new friend is far from being "nonsense": The Pinnacle is over 60% completed now (externally) and, being in the middle of Marina, it just cannot be left unfinished. So, we should think it over whether to start paying again or continue withholding payments. Just give it a thought again like I will.
To the one asking about the contractual completion date: yes, me too I have June2008 in my contract. However, I doubt it if it holds to asking them to pay any penalties, since somewhere in the same contract they state that they can delay completion with no penalties due.
To the one speaking about prices: they are extremely exagerated. If you want I can sell you mine for half of what is stated and I would still be making money. I think the current value is actually not more that 60 to 70% of what you have in that brochure. May be I am wrong, but what they ask you is exagerated...
To the ones discussing the view: I gave up the view! No way we'll get the views prospected in early 2005. The Torch came in to ruin mine any way. However, the location is excellent. The ones who bought front Marina view either were very lucky to buy in buildings sold before 2004 or are actually paying 2 to 3 times what I am. So, I am neither lucky nor have so much money to spend easily this way. However I am happy to say that it looks good now (I saw it when I visited Dubai 2 weeks ago), very nice location and definitely worth the money I paid, if only they manage to deliver on or before end of 2009.

For everyone's info, another floor is being poured as I type. They do not appear to have slowed down whatsoever in recent weeks/months. If anything they're getting faster.

Great, keep us informed, when you have time. Many thanks to you and to all the good fellows who actually are in Dubai and contribute to giving us an uptodate picture!

Great, keep us informed, when you have time. Many thanks to you and to all the good fellows who actually are in Dubai and contribute to giving us an uptodate picture!

Totally agree with the coments. Probably if things get a bit serious and they start making threats, I will probably just pay up, but you have got to have a bit of a wind up with them,keep them on their toes. At this stage I do think it would be unlikely they would not complete, and as long as they keep offering me cheaper and cheaper apartments, I'll hang out and see how low they go. Not that I would invest anymore money in the Pinnacle. As far as views go, for the amount I paid for mine, I dont care,they are on the marina side,and I think any property in the marina area will have a good atmosphere about it. As far as the new prices go, if someone offered me that sort of money for mine I would snap their hand off. This is like monopoly. I am now going to wait for a load of monopoly jokes.

Totally agree with the coments. Probably if things get a bit serious and they start making threats, I will probably just pay up, but you have got to have a bit of a wind up with them,keep them on their toes. At this stage I do think it would be unlikely they would not complete, and as long as they keep offering me cheaper and cheaper apartments, I'll hang out and see how low they go. Not that I would invest anymore money in the Pinnacle. As far as views go, for the amount I paid for mine, I dont care,they are on the marina side,and I think any property in the marina area will have a good atmosphere about it. As far as the new prices go, if someone offered me that sort of money for mine I would snap their hand off. This is like monopoly. I am now going to wait for a load of monopoly jokes.

I wouldn't worry about the views, I agree Pinnacle is in a very good location, with La Reve next door and Pentominium and Ocean Heights etc, all round the corner. And don't forget the Mall and the new Marina Tram right outside. IMO people dwell too much on the importance of a view. Oh boy.........Pinnacle prices will be in outer space when all this is complete. Even poor view units will be worth astronomical money. Also Pinnace is a nice looking tower. :)

Thanks to all for keeping this thread active. Feeling a little more positive but I am still withholding payments. They did speak about paying compensation for delays but will never get specific. Also they offer revised payment terms but if you accept you are likely to exclude yourself from any compensation that they pay (if indeed they do). They are really difficult to deal with and lack professionalism in all of their dealings and failure to respond to any specifics. I am still confused

Guys
The confusion is kept on purpose. They keep things unclear to reign better. This way, they don't pay any penalties, they build at their own pace and basically they can move funds freely from one project to the other.
However, I must admit, that living in the Euro zone and seeing the dollar going down this way (and so does the Dirham), since I have the biggest percentage to pay at completion, I would say that if they take one more year to complete, actually it is better for me! I may save extra 20 to 30% on that amount, according to finance experts.
Also, the positive side of this will be that we will get our appartments when all construction around us is already completed, so we can only enjoy instead of suffering the noise and hassle/dirt/confusion that you can see today visiting that area. Oh, mine is an obstructed Marina view, but I don't care much anymore. I am starting to think positively about it now...

Things are indeed looking up. I have a brother in the industry there for 12 years and he remains optimistic. It is in the best location in the Marina; it will be completed as they will not allow an eyesore at the entrance; the infrastructure is geared towards that end of the marina, the dollar is falling etc etc.....lets all enjoy this for a change:cheers:

Anyone else noticed that something has changed lately? Some indian personnel took over... Is this an indication that it is now managed by some indian owners (like the one managing the lakes for example)?
The emails are returned and do not get through due to problems with the DNS... On the phone, only indian persons reply, no longer those Egyptian/Syrian guys. And it became very difficult to get answers! Good day.

Tried once again today to speak to Mr Taha, but as usual he was unavailable, left message for him to return call, but they never do.

The only contact I have had from them was last week, when they e.mailed me and telephoned me accusing me of missing payments. Lucky enough I keep every reciept from them and faxed them all my proof of payments.
Tiger have totally lost the plot, and I don't think they have a clue what they are doing. I suggest no one sends them anymore money until we know the money we send them is safe.

I also asked them to send me this months updates, also no response,probably because they havn't done much.

Has anyone had any positive feedback from Tiger?.

This is a sweet tower, and the prices seem reasonable.

I just called them to speak to Hamdy, I was told he is not in and they will have him call me back......What do you think, should I be waiting by the phone.................

Sorry to say that he will not call you back. I have the impression that some change happened (at least at the management level) and I suspect that Mr Hamdy (like others before him) just disappeared... They forward me to some Indian lady every time I look him up! Even though she sounds nice and helpful, I don't think she has any clue about any thing. Probably they need some time to settle.
Anyone in Dubai willing to visit them and report what he/she notices? As usual, many thanks.

I telepnoned,faxed,e.mailed Tiger today. No one there. Only a receptionist, not the usual one, who just says she does not know anything about the company and what is going on. She did not know who the directors were or anything about marina pinnacle. I think she has just been put there to take flak. I have threatened them that unless we get answers, a group of us will go legal on them. Which is probably water off a ducks back to them. I hope I am wrong, but things do not look good at Tiger.
Does anyone know who this Walheed Mohammad Mohammed is, because we have all been paying our money to him, not Tiger, and all been paying for Al Marsa Tower, not Marina Pinnacle.

Has anyone of you in Dubai visited RERA. Why not file a complaint with them?

Anyone in Dubai at the moment that can help us poor souls get some answers?

07/March/2008

Marina Pinnacle

http://img254.imageshack.us/img254/9941/imresolt142xj2.jpg (http://imageshack.us)

http://img205.imageshack.us/img205/3201/imresolt143bi7.jpg (http://imageshack.us)

I tried to send an email, but it bounced back............same email address that they email us asking for money...... Not a good sign.

Hi,
Any chance someone living in dubai, could go to the Tiger offices and see if they are still trading.

Thanks

I just got a call from Tiger(caller ID was there office)........They called asking for money. I asked about the escrow account, they said it is in process. The dept real estate keeps telling them that it is almost done. I told him that I can not pay untill they have the license, he said they will have to follow the contract and penalize me for being late........The good news is atleast we know that they have paid the phone bill at the office. Also on Imre's pic (thx for the pic) from today looks like there are more floors from the last pic.

Are we sure? I feel like that they are desperately asking for money to collect as much as possible then RUN! The emails don't work... The Web site neither: DNS not recognized. For sure, they have not paid the internet bill or, deliberately, they turned off their servers. Need someone to go there and check. But who? I see that most owners there are from abroad, that makes it easier for them.

I just got a call from Tiger(caller ID was there office)........They called asking for money. I asked about the escrow account, they said it is in process. The dept real estate keeps telling them that it is almost done. I told him that I can not pay untill they have the license, he said they will have to follow the contract and penalize me for being late........The good news is atleast we know that they have paid the phone bill at the office. Also on Imre's pic (thx for the pic) from today looks like there are more floors from the last pic.

You should not pay anything at this point. According to the law, they are NOT allowed to collect any further money without an escrow account. Therefore, the threat of penalization is b*****t. I would strongly recommend to contact RERA and inform them on this case.

The ironic thing is that if the escrow law was not introduced then there would have been no problem for Tiger to complete the building.

E.mailed and spoke to Mohammed Hamdy today, and he returned my call, still no further as to what is going on, as I unfortunatly missed his second call. Will call him again Monday, if no joy, I have threatened to sit in their office until all my questions are answered. Any one know where I can buy a sleeping bag.

As I said before, Casa Dubai are marketing this property aggressively and offering all kind of things. I would call them asking about prices among other questions and get some inside information if I was as worried as some people here :sly::speech: ;)

As I said before, Casa Dubai are marketing this property aggressively and offering all kind of things. I would call them asking about prices among other questions and get some inside information if I was as worried as some people here :sly::speech: ;)



I did not see any mention of Pinnacle on there site? Please help.

http://i31.tinypic.com/5b1svr.jpg

Phone No

http://i27.tinypic.com/kcas9i.jpg

I se at long last they have gone live with their website. A positive sign I hope!! www.tigerpropertiesonline.com

Interesting to see they are saying that the tower will be overlooking Dubai Marina.

So how many floors they on now, im sureits out of 67, and have they got a rough estimate of when it finnished ive just been told it will not finninh on its original date (June 2008). Any Help, Real Worried.

More than 12mths that's for sure.

Interesting to see they are saying that the tower will be overlooking Dubai Marina. HT -
I know we shouldn't talk price but have you seen how much the 3 beds are in M PINNACLE 4 M AED - time to sell ? - looking ggod for TT 3 BEDS high up which will have better views - just been there actually and TT is really motoring now !

Paul,

I know totally outragous price.

I am trying to get hold of Marina Pinnacle 3 bed floor plan Anybody have one ?

Spoke to Tiger today. Still awaiting Escrow details. Said I can make payments to Tiger contracting co, but with the same account no: as before. I am sure that is the same difference. Also very pleased to know of the current prices they are selling 1 bed apartments for on marina side.

floor 16 2,102,979.00
floor 21 2,177,622.00
floor 30 2,311,979.00
floor 33 2,364,227.00

If only these prices were true, Iwish I had bought 10 now.

Spoke to Tiger today. Still awaiting Escrow details. Said I can make payments to Tiger contracting co, but with the same account no: as before. I am sure that is the same difference. Also very pleased to know of the current prices they are selling 1 bed apartments for on marina side.

floor 16 2,102,979.00
floor 21 2,177,622.00
floor 30 2,311,979.00
floor 33 2,364,227.00

If only these prices were true, Iwish I had bought 10 now.

Is there anyway of verifying these inflated prices? Is this the norm for that end of the Marina? Does anybody know of someone who has bought in a similar building recently OR is this a developers scam?

^^ To me it looks like a scam by the developer to hike up the real selling prices. A price fixing cartel from the developers in the area is also possible.

It has been done before for other products, I mean competitors coming together and fixing prices (higher then real market value of course).

^^

Indeed, as i have stated on many previous posts only to be told how pessimistic and negative i am.

This price fixing/hiking is the norm in Dubai as far as i am concerned and will be the principal cause of a market correction if it continues.

^^ To me it looks like a scam by the developer to hike up the real selling prices. A price fixing cartel from the developers in the area is also possible.

It has been done before for other products, I mean competitors coming together and fixing prices (higher then real market value of course).

YES A SCAM!!! I talked to Tiger last week and he told me that my "sea view" was going for 1.5-1.6AED... I have been in contact with a few local real estate agents and they are telling me the going rate for that area is about 1000AED per sqft......

^^ :lol: IT is not possible to buy anything in the Marina for less than 1350 psf ! Completed property in this location is selling for around 1900 psf.

^^ :lol: IT is not possible to buy anything in the Marina for less than 1350 psf ! Completed property in this location is selling for around 1900 psf.

Why are there sooo many listings for around or less then 1000 psft? I have been looking to sell so I have been looking in gulf news and many other sites and there are many re-sale listings in that range. Of course the more the marryerrrr! :banana:

^^ I can't find any, cheapest I can find in Pinnacle for a 2 bed is 1428 psf http://www.propertyfinder.ae/43065/

March 19th, flirck by kevinaroom:

http://i32.tinypic.com/kaqwzq.jpg

Does it go slower!!! :ohno: :doh:

First floor was done in 08.2005 if I'm right (and I'm :D)!!
Take 4 years or so till topping out!!! Unbelievable!!! :bash:

Torch to catch it up by year end :)

^^For sure!!! :ohno:
Also the Princess & 23 Marina

I am Tigers biggest critic, but looking at photos from six months ago, they have built 17 floors,which is nearly three a month. Is this good or bad?

^^ It's OK. Things have been faster although in the marina they tend to be slower than on szr for some reason

Or BB for sure !!! :D

Does it go slower!!! :ohno: :doh:

First floor was done in 08.2005 if I'm right (and I'm :D)!!
Take 4 years or so till topping out!!! Unbelievable!!! :bash:

Definitelly it could go MUCH slower than recently; I agree with pinnacle 1. And let's forget about previous years now, because things have sped up IMO: on January 18th (http://www.skyscrapercity.com/showpost.php?p=17784833&postcount=494) the skeleton of only 1 level above the 2nd taller floor (presumably mechanical) was done, and two months later there are 8 of them... that's almost 1 floor per week! :)

If I've counted correctly, the mech floors are at the levels 14, 34 and 54, so the 42nd floor should be completely up, and the core is about 5 levels ahead (as the last pic down from Marina Heights shows) - so on March 19th, they'd already started the 47th floor with only 20 more to go, standing almost 170m tall, I guess.

I take not more than half a year to the top floor, plus 2-3 months for the roof. Ergo: if they don't wait too long with the spire, Marina Pinnacle might even top out this year! :eat:

... If I've counted correctly, the mech floors are at the levels 14, 34 and 54...
I've just recognized a difference between the shown render (http://i31.tinypic.com/5b1svr.jpg) and reality, as the first mech floor seems to be higher at lev 17, thereas the second one hasn't changed.

Recieved from Tiger


Project: Marina Pinnacle Tower

4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai


I. ACCOMPLISHMENT TO DATE (As of 29 FEBRUARY 2008)

1. Finished concreting of slab and columns from 38th – 40th floor.
2. Finished concreting of core wall up to 43rd floor and finish steel works for 44th Floor & ready for casting of concrete.
3. Finish plastering works of internal wall of all flat units from 13th to 14th floor using CEMENT PLASTER (ready for tiles setting and wall paints). In progress works at 22nd floor.
4. Finished concreting of core wall stair-1 up to 40th floor and core wall stair-2 up to 36th floor. Next floor ready for casting of concrete.
5. Finished casting of concrete at lift lobby from 37th up to 39th floor and about to finish steel works for 40th floor.
6. Finished casting of concrete at electrical and garbage room from 26th – 28th floor and about to finish steel works for next floor.
7. 90% finished fixing fire stop (fire zone) sealant between AAC blocks and slab at 6th to 32nd Floor.
8. Finished staircase railings at core wall from 4th basement to 22nd floor and in progress installation up to 34th floor.
9. Finished block works up to 31st floor and in progress works from 32nd – 35th floor.
10. 10% finished installation of G.I. pipes riser for LPG Gas pipe lines by Lootah Gas.
11. 15% finished in repairing of plastering works for internal wall and ceiling from 6th-10th floor using NATIONAL PAINTS product. Finished repairing at 11th to 12th floor and ready for final checking by TIGCC and NEB consultant for acceptance.(National Paint Contractor)
12. In progress plastering works by National Paint Contractor @ wall and ceiling of 9th -10th floor. (all flats)
13. Finished extension of service lift (vertical hoist) from 32nd floor up to 36th floor. (2 sets)
14. In progress installation and fixing of Sprinkler pipes (partial) for fire fighting at 3rd basement, 1st basement, 1st, 3rd parking up to 7th floor by subcontractor JUMA AL MAJID EST. and AL WAHAB.
15. In progress installation of elevator railings and its accessories from 4th basement up to 21st floor, elevator doors from 2nd parking up to 21st floor by KONE sub-contractor.(P1, P2, P3 & P4 only)

16. In progress fabrication, installation and fixing of main line of AC duct exhaust and pipes at 9th up to 14th floor by NASH Gulf Electronics contractor.
17. In progress ceramic tiles setting on wall of all kitchen and bathroom from 6th – 9th floor.



II. NEXT ACTIVITY FOR THE MONTH OF MARCH 2008

1. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 45th – 48th floor.
2. Shifting of table forms from 38th floor to 40th level and securing work area with railings.(same routine up to exceeding 4 floors)
3. Installation and fixing of column & slab rebars for 41st – 44th floor as well as shuttering works.
4. Concreting of column and slab for 41st – 44th floor.
5. Installation & fixing of rebars and casting of concrete on lift lobby from 40th – 43rd floor.
6. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 40th to 44th floor. Core wall stair-2 from 37th to 41st floor.
7. Installation and fixing of rebars and concreting of slab at electrical and garbage room from 28th – 32nd floor.
8. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
9. MEP builders work.
10. Continue installation and fixing of staircase railings at core wall.(2sets)
11. Continuous AAC and SOLID blocks laying for walls and partitions.
12. Continuous work for all surfaces to receive spray plastering.
13. Fixing & Installation of crane beam support at 44th level.(inside core wall)
14. Jacking-up of 2 sets tower cranes.
15. Continue installation and fixing of pipes and exhaust for AC ducting @ 8th floor by TIGER, 11th to 16th floor by NASH Gulf Electronics contractor.
16. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of main and branches pipe for sprinklers).
17. Continue repairing of wall plaster by National Paints contractor.
18. Continue elevator activities by KONE contractor at P1, P2, P3 & P4 up to 24th floor.
19. Installation of additional new set of tower crane.
20. Clearing of first parking floor area and start mobilization of aluminum department.
21. Continue tile works on all kitchen and bathroom walls.

20.Clearing of first parking floor area and start mobilization of aluminum department.

Does this mean we should see the commencement of cladding shortly?:banana:

Thats Not Bad To Be Honest, Lets Just Hope they Stick To This, And Hopfully This Christmas I Can go Check It Out. :banana:

looking at the photos from 21st march to 5th april, only one floor gone on in 15 days. It won't be long before the torch overtakes.

looking at the photos from 21st march to 5th april, only one floor gone on in 15 days. It won't be long before the torch overtakes.

Has anyone paid any money yet, or heard about the escrow account. The only thing that worries me, is if we don't pay will they slow the building work down or even stop eventually, like some of the other projects.

As at 5th April:

http://i31.tinypic.com/awx2jn.jpg

Slowly....but it's growing!:hammer:

Hi People

I have a friend who lives in Marina Heights who emailed me this morning. The Pinnacle has been growing well and has now reached floor 43.

He said, "that no one has been working on the Pinnacle for the last two days.
The bad news is that a couple of days ago some workers demonstrated about poor wages / living conditions and the police threw 600 in jail (!!) according to the Gulf News. What he hadn't realised was the significance of the company - Tiger. For the past 2 days it has been a lot quieter - because no work has been going on on the Pinnacle. He wondered why until he saw in big letters on the building the word ... Tiger. Not sure whether it was Tiger's workers who went on strike, or they've bused our workers onto another site."

Does anybody know or can visit the site there to see if workers are there or not?

Ramzy

Looks like since we have stopped payments so has progress....They have been using our payments to build the tower.

Last week I asked about the escrow and Tiger is putting the blame on RERA. That they are not ones that are the hold up. And if I want my money back they will buy back the unit for the same price I paid (I bought back in 2005)..... What a JOKE!!!

We will see more and more of this in Dubai now as developers margins are being slashed due to rising costs.

The only way developers have of making any profit is to but back units and re-sell them.

Dispicable business practice but its gonna get a lot more common place unless inflation/costs come down and that is unlikely.

Tricky situation for all concerned im afraid

^^ I don't think the problem here is inflation, more that buyers are withholding payments unitil they have RERA approved escrow. So at the moment workers can be paid. The problem could be that this is difficult for Tiger to setup and probably they are waiting from RERA for something to help the situation. RERA do not want to be help responsible for halting construction when it would be continuing OK if they had never been formed.

^^

RERA is a red herring here.

Tiger had plenty of time to get escrow sorted. They had just as much time as anyone else did so no excuse IMO.

Developers are looking for ways out of the current mess many of them find thereselves in due to the problems i have highlighted.

Blaming RERA for not getting escrow sorted is bullshit.

If financing the build is the problem as you suggest, why are tiger offering to buy back units at the original prices ?

Surely this does not suggests a lack of funds, but an oportunity for them to increase profits.

Just my opinion. :)

^^ possibly because they believe they can resale the units at the current price quickly and get money to further fund development. :dunno:

Just to confirm there was zero work going on yesterday - or today :( Sorry for giving you bad news.

Has anyone paid any money yet, or heard about the escrow account. The only thing that worries me, is if we don't pay will they slow the building work down or even stop eventually, like some of the other projects.

Unfortunately, I am one of the mugs who has paid 90% according to the payment schedule in my contract. It would be frustrating that they are holding up development due to payments not received from other investors. I can't see why people are holding up payments. There was no RERA/escrow for 2.5 years whilst the project was being built, surely the money they received was to build this project. At least there is a building there, unlike other projects which have barely got off the ground launched at pretty much the same time like TT.

My mate in MH has just sent me this link. I think this explains why it has been empty on MP. However, he has said that there are about a dozen workers on site now but still essentially very very quiet.

http://www.7days.ae/showstory.php?id=70452

I have posted the contents of the link below.

Hundreds of men who took part in a violent labour protest in Sharjah last week are set to be deported, 7DAYS has learned. The workers, who were all employed by Tiger Cons-truction, threw rocks at passing cars and attacked policemen during the disturbance in front of their accommodation last Tuesday night.
They were protesting against what they said were poor wages and living conditions. The men alleged they had recently been moved to new accommodation at two under-construction buildings which they say were unfit to live in.
YA Rahim, president of the Indian Association Sharjah (IAS), said 15 of the men have already been sent home, with around 250 more set to follow.
“They said dhs350 was too little to work in this country and decided they wanted to go back (home). Most of them were also not happy with the camp boss and foreman who they said provoked them to go for violent protests. We are trying to address all the problems,” said Rahim, who took part in a meeting held between officials from the Indian Consulate, worker representatives, Sharjah government authorities and company officials.
The men are now set to be sent home in groups of 20-30, depending on the availability of flights to their homeland. More than 600 workers were arrested by Sharjah Police and referred to the Public Prosecution for further investigation, but Rahim said that most of them had now been released and were staying in the labour camp in Sharjah.
Tiger Construction was unavailable for comment yesterday. Last year, more than 150 labourers were deported for staging violent protests at a workers’ camp in Jebel Ali. The men attacked police vehicles and caused severe damage to property at their labour camp.
fareed.rahman@7days.ae

I called up Tiger, and left a message for Mr Mohamed Hamdy to call me back. And guess what he did return my call.

He said that the issue regarding the workers was a small one, and everything is returning back to normal.

He was quite surprised when I asked him a question about funds drying up. He said that if I was not happy then he was happy to return my funds to me with interest on top.

If I had any concerns about development then to let him know again. He even said to ask my friend in MH to let me know if development had not recommenced. There will also be a construction update sent out very soon.

Tractor are you able to confirm anything happening on site?

Hi Ramzy, there are a small number of workers on site today ... when I looked they were hanging around not doing much (i figure if they're sitting they're not working!).

I'll try and get a photo for you. Certainly there is more happening today than prior days. I am sure your investment is safe, the building is 50+% finished and you can see that they are progressed with the internal stuff on lower floors.

If that news report was accurate I would think there are problems that could lead to significant delay. Obviously, the workers in this company are very unhappy. Mr. Hamdy seems to be feigning ignorance for obvious reasons. A friend of mine said the complaint is that workers are all paid the same low wage regardless of their skills and how long they have worked. Manual laborers get Dhs 650/month, as do skilled workmen as do employees of many years.

A lot more people on site today, 25+ on the top floor/core alone. Things are moving again.

That seems better news than 5 days ago. However, I dread the thought of more delay, especially if they do have shortage of workers, they would then recruit more if there is a shortfall, and the new workers would then need to be shown the ropes of how things are meant to get done.

Is that a fair assumption?

Would new workers have a fair idea of what needs to be done and how?

Spoke to Mr Hamdy today at Tiger, I asked him to be honest with me (lol) and be realistic on a completion date. He said that between ourselves Tiger would probably be looking at December not 8 not 9 but 10.
So don't make any plans on moving there just yet.
Look on the brightside though, at least everthing else will be built.

Spoke to Mr Hamdy today at Tiger, I asked him to be honest with me (lol) and be realistic on a completion date. He said that between ourselves Tiger would probably be looking at December not 8 not 9 but 10.
So don't make any plans on moving there just yet.
Look on the brightside though, at least everthing else will be built.

This is CRAZY!!! :bash: Did you guys discuss compensation? My contract states completion date of June 2008....

Look on the brightside though, at least everthing else will be built.
I really doubt that. All the supertalls will be still under construction.
2010 seems realistic anyway.

In comparison to other projects that have been completed, that were in a similar height and state as MP, is it not possible to deduce whether Dec 2009 is a possibility?

How many floors are there yet to go?

Tower absolutely full of workers today. 20ish floors to go, I think ... should be able to top out in 20-25 weeks and then there's a whole year to finish. Maybe a little optimistic but I'm not sure it'll be later than June 2010.

But don't take my word from it, I am not a professional and am only judging by other developments I've seen.

APRIL 3, 2008

MONTHLY REPORT FROM TIGER PROPERTIES

Project: Marina Pinnacle Tower
4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai


I. ACCOMPLISHMENT TO DATE (As of 31 MARCH 2008)

1. Finished concreting of slab and columns from 41st – 43rd floor.
2. Finished concreting of core wall up to 46th floor and about to finish steel works for 47th Floor.
3. Finished plastering works of internal wall of all flat units up to 24th floor using CEMENT PLASTER (ready for tiles setting and wall paints). In progress works at 25th floor.
4. Finished concreting of core wall stair-1 up to 43rd floor and core wall stair-2 up to 40th floor.
5. Finished casting of concrete at lift lobby from 40th up to 43rd floor and about to finish steel works for 44th floor.
6. Finished casting of concrete at electrical and garbage room from 29th – 31st floor and about to finish steel works for next floor.
7. 90% finished fixing fire stop (fire zone) sealant between AAC blocks and slab at 6th to 35th Floor.
8. Finished staircase railings at core wall from 4th basement to 22nd floor and in progress installation up to 34th floor.
9. Finished block works up to 34th floor and in progress works from 35th – 37th floor.
10. 15% finished installation of G.I. pipes riser for LPG Gas pipe lines by Lootah Gas.
11. 15% finished in repairing of plastering works for internal wall and ceiling from 6th-10th floor using NATIONAL PAINTS product. Finished repairing at 11th to 12th floor and ready for final checking by TIGCC and NEB consultant for acceptance.(National Paint Contractor)
12. In progress plastering works by National Paint Contractor @ wall and ceiling of 9th -10th floor. (all flats)
13. Finished extension of service lift (vertical hoist) from 36th floor up to 39th floor. (2 sets)
14. In progress installation and fixing of Sprinkler pipes (partial) for fire fighting at 3rd basement, 1st basement, 1st, 3rd parking up to 20th floor by subcontractor JUMA AL MAJID EST. and AL WAHAB.
15. In progress installation of elevator railings and its accessories from 4th basement up to 21st floor, elevator doors from 2nd parking up to 21st floor by KONE sub-contractor.(P1, P2, P3 & P4 only)


16. In progress fabrication, installation and fixing of main line of AC duct exhaust and pipes at 9th up to 24th floor by NASH Gulf Electronics and TIGCC contractor.
17. In progress ceramic tiles setting on wall of all kitchen and bathroom from 13th – 14th floor. Finished from 6th-12th floor.



II. NEXT ACTIVITY FOR THE MONTH OF APRIL 2008

1. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 47th – 50th floor.
2. Shifting of table forms from 41st floor to 43rd level and securing work area with railings.(same routine up to exceeding 4 floors)
3. Installation and fixing of column & slab rebars for 44th – 48th floor as well as shuttering works.
4. Concreting of column and slab for 44th – 48th floor.
5. Installation & fixing of rebars and casting of concrete on lift lobby from 44th – 48th floor.
6. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 44th to 48th floor. Core wall stair-2 from 41st to 44th floor.
7. Installation and fixing of rebars and concreting of slab at electrical and garbage room from 32nd – 35th floor.
8. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
9. MEP builders work.
10. Continue installation and fixing of staircase railings at core wall.(2sets)
11. Continuous AAC and SOLID blocks laying for walls and partitions.
12. Continuous work for all surfaces to receive spray plastering.
13. Fixing & Installation of crane beam support at 44th level.(inside core wall)
14. Jacking-up of 2 sets tower cranes.
15. Continue installation and fixing of pipes and exhaust for AC ducting by TIGER and NASH Gulf Electronics contractor.
16. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of main and branches pipe for sprinklers).
17. Continue repairing of wall plaster by National Paints contractor.
18. Continue elevator activities by KONE contractor at P1, P2, P3 & P4 up to 24th floor.
19. Installation of additional new set of tower crane at 34th floor.
20. Clearing of first parking floor area and start mobilization of aluminum department.
21. Continue tile works on all kitchen and bathroom walls.

Hi People

can anyone confirm progress is being made. are workers on the building being busy? any chance of picture updates?

from 5th april till today (23) days only two floors.
Have they still got labour problems?

http://i27.tinypic.com/68wmft.jpg

http://i27.tinypic.com/eapgco.jpg

Seaviews for Pinnacle
http://i27.tinypic.com/2lvg22c.jpg

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Has anyone heard whethere any progress has been made with getting registered with RERA or whether any information has come form Tiger as to proposals for compensation for delays in completion.

Has anyone heard whethere any progress has been made with getting registered with RERA or whether any information has come form Tiger as to proposals for compensation for delays in completion.

No, they are still playing the same games. Has anyone talked to RERA about filing a compliant? :bash:

Spoke to Toger today and they confirmed that theyhad completed Registration with RERA and were now setting up the escrow account which should be complete in the next two weeks. Lets wait and see

MAY 3, 2008

MONTHLY REPORT TO TIGER PROPERTIES

Project: Marina Pinnacle Tower
4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai


I. ACCOMPLISHMENT TO DATE (As of 30 APRIL 2008)

1. Finished concreting of slab and columns from 44th – 45th floor.
2. Finished concreting of core wall up to 49th floor and about to finish steel works for 50th Floor.
3. Finished plastering works of internal wall of all flat units up to 26th floor using CEMENT PLASTER (ready for tiles setting and wall paints). In progress works at 27th floor.
4. Finished concreting of core wall stair-1 up to 45th floor and core wall stair-2 up to 40th floor.
5. Finished casting of concrete at lift lobby from 44th up to 45th floor and about to finish steel works for 46th floor.
6. Finished casting of concrete at electrical and garbage room from 29th – 31st floor and about to finish steel works for next floor.
7. 90% finished fixing fire stop (fire zone) sealant between AAC blocks and slab at 6th to 35th Floor. 60% finished from 36th to 38th floor.
8. Finished staircase railings at core wall from 4th basement to 22nd floor and in progress installation up to 34th floor.
9. Finished block works up to 37th floor and in progress works from 38th – 41st floor.
10. 20% finished installation of G.I. pipes riser for LPG Gas pipe lines by Lootah Gas contractor.
11. 75% finished in repairing of plastering works for internal wall and ceiling @10th floor using NATIONAL PAINTS product. Finished repairing at 11th to 12th floor and ready for final checking by TIGCC and NEB consultant for acceptance.(National Paint Contractor)
12. In progress plastering works by National Paint Contractor @ wall and ceiling of 9th -10th floor. (all flats)
13. Finished extension of service lift (vertical hoist) from 39th floor up to 42nd floor. (2 sets)
14. In progress installation and fixing of Sprinkler pipes (partial) for fire fighting at 6th up to 24th floor by subcontractor JUMA AL MAJID EST. and AL WAHAB.
15. In progress fabrication, installation and fixing of main line of AC duct exhaust and pipes at 9th up to 28th floor by NASH Gulf Electronics and TIGCC contractor.


16. In progress ceramic tiles setting on wall of all kitchen and bathroom from 17th – 23rd floor. Finished from 6th-15th floor.
17. In progress installation and fixing of additional new set of tower crane from 37th floor.
18. Finished application of waterproofing (sample) on slab of kitchen and T&B @ 10th floor.

II. NEXT ACTIVITY FOR THE MONTH OF MAY 2008

1. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 50th – 54th floor.
2. Shifting of table forms from 43rd floor to 45th level and securing work area with railings.(same routine up to exceeding 4 floors)
3. Installation and fixing of column & slab rebars for 46th – 49th floor as well as shuttering works.
4. Concreting of column and slab for 46th – 49th floor.
5. Installation & fixing of rebars and casting of concrete on lift lobby from 46th – 49th floor.
6. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 45th to 49th floor. Core wall stair-2 from 41st to 44th floor.
7. Installation and fixing of rebars and concreting of slab at electrical and garbage room from 32nd – 35th floor.
8. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
9. MEP builders work.
10. Continue installation and fixing of staircase railings at core wall.(2sets)
11. Continuous AAC and SOLID blocks laying for walls and partitions.
12. Continuous work for all surfaces to receive spray plastering.
13. Fixing & Installation of crane beam support at 48th level.(inside core wall)
14. Jacking-up of 2 sets tower cranes.
15. Continue installation and fixing of pipes and exhaust for AC ducting by TIGER and NASH Gulf Electronics contractor.
16. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of main and branches pipe for sprinklers).
17. Continue repairing of wall plaster by National Paints contractor.
18. Continue elevator activities by KONE contractor.
19. Continue installation and fixing of additional new set of tower crane.
20. Clearing of first parking floor area and continue delivery and fixing of machine for aluminum fabrication.
21. Continue tile works on all kitchen and bathroom walls.

Finally Tiger Properties are registered with R.E.R.A
I.D. NO:581
Hopefully they will let all their clients know and we can all start making payments again. Maybe things will start to speed up now.
All we need now is confirmation of some kind of compensation package.

That is a serious boost. It means we can all rest a little easier. :cheers:

does R.E.R.A fine devolopers for late completion or help us in other ways on any delays?

Finally Tiger Properties are registered with R.E.R.A
I.D. NO:581
Hopefully they will let all their clients know and we can all start making payments again. Maybe things will start to speed up now.
All we need now is confirmation of some kind of compensation package.

Any idea of what compensation we can get? Any compensation packages on the books for other towers? Remember we are dealing with Tiger :bash:

If everyone puts pressure on Tiger for details of proposals for compensation perhaps that may focus the minds and secure a better outcome for all. I have tried many times to secure details but other than say that "they will follow the contract" and remind me of penalties imposed for any late payments it has not been possible to get any specif details.

Thoughts?

what does it state in the contract regarding compensation ?

Trying to get compensation from Tiger I would say is minimal.
Their contract does not give a definate date, it say's Completion date means the date when the residential unit is ready for occupation as determined by the seller in it's sole discretion whose decision shall be final and binding upon the buyer. Such completion date is presently estimated to be approximately June 2008 but such date may be changed by the Seller in it's sole discretion.
So basically Tiger can move the date to suit themselves. If they try and get clever about non payments, it is Tiger that have caused this by not registering with R.E.R.A. quicker. I have always stated that I am not with holding payments, but waiting for registration. You would probably be better off negotiating later stage payments and a bigger percentage final payment. But each to their own. The contract also states that if they write to you regarding non payments, and payments are not made within 15 days, the seller has the right but not the obligation to terminate the agreement and 20 % of the amount already paid will be forfeited. I am sure Tiger would love that at the moment,so they could resell at their new prices. I don't think Tiger will give any blanket new terms or compensation, I think everyone will have to fight for their own new terms and see what they can get away with.

Trying to get compensation from Tiger I would say is minimal.
Their contract does not give a definate date, it say's Completion date means the date when the residential unit is ready for occupation as determined by the seller in it's sole discretion whose decision shall be final and binding upon the buyer. Such completion date is presently estimated to be approximately June 2008 but such date may be changed by the Seller in it's sole discretion.
So basically Tiger can move the date to suit themselves. If they try and get clever about non payments, it is Tiger that have caused this by not registering with R.E.R.A. quicker. I have always stated that I am not with holding payments, but waiting for registration. You would probably be better off negotiating later stage payments and a bigger percentage final payment. But each to their own. The contract also states that if they write to you regarding non payments, and payments are not made within 15 days, the seller has the right but not the obligation to terminate the agreement and 20 % of the amount already paid will be forfeited. I am sure Tiger would love that at the moment,so they could resell at their new prices. I don't think Tiger will give any blanket new terms or compensation, I think everyone will have to fight for their own new terms and see what they can get away with.

I was already offered new payment terms when the delay was first annouced. The new terms were not great so I told them to keep it. If I would have accepted I would have gave up my right to get any compensation.

In my contract there is a section that states compensation will be provided. I do not have the contract in front of me for the details...

15/May/2008

Marina Pinnacle


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the tallest-block-area looks already very dense, and not even 1 of the many supertalls is completed :nuts:

crane has brooken on the roof?

it seems from the ground, hopefully just I was wrong..

Oh shit :(
Hopefully nobody hurt

it seems ok,was just a strange position yesterday, sorry:)

can anyone give an update on progress? what floor are they on?

Not much happening here im afraid.

Hardly any workers and not much movement, a bit like my bowells really. But i think that should be sorted now after my Chicken Madras from the light of india. Hopefully that should speed things up.

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Tiger are just like your bowel movements, a load of shit.

If there could be a developer rating devised, then people wishing to purchase in Dubai, would know who were the bad and who were the good developers.
They could be rated for honesty,project development time, contract fairness, value for money and other criteria to make it an even playing field for both parties. I sure this could be devised, and then maybe developers would take more notice, as people would only purchase from the trusted ones.

My rating. They're all cnuts.

What was the first completion date they have been giving?

I share your sentiement Scoot68!!! I purchased 2 units in 05 and for the past 2 years I've been given the runaround by Tiger. Meet with Hamdy few weeks ago and the only I got out of him is revised payment for the 2nd time.

:wallbash::wallbash:I share your sentiement Scoot68!!! I purchased 2 units in 05 and for the past 2 years I've been given the runaround by Tiger. Meet with Hamdy few weeks ago and the only I got out of him is revised payment for the 2nd time.

I am visiting in two weeks. I also will be offered a revised payment plan, but 2 of mine or 90% paid so no more to completion anyway, and the other ones are 70% paid for. If they keep revising everyones payments, they won't have the money coming in to keep the project going, or only at a snails pace. It's Tigers fault for using our payments on other projects and not on the Pinnacle. Hamdy is a muppet and Tiger are useless. A developers comparrison chart would have pinpointed them as not a trustworthy company and then purchasers could of had the option to purchase from an other developer. Not everyone lives in Dubai and knows who is a good or bad developer.

The Torch is catching up with Pinnacle pretty quickly now. :banana:

yes, go on,rub it in. But we have had more riots and workers sent home than you.:banana:

I share your sentiement Scoot68!!! I purchased 2 units in 05 and for the past 2 years I've been given the runaround by Tiger. Meet with Hamdy few weeks ago and the only I got out of him is revised payment for the 2nd time.

I also bought in 05... When putting down the deposit my paper said Dec 07. When I got my contracts in the mail it said June 08.... And everyone knows the rest of the story... I have been lied to almost every time I talk to them. As anyone delt with the RERA? We really need to get them involved or this project will never be completed. Others around pinnacle started a year later and are almost catching up.

Legally speaking our position is weak. We have signed the contract and almost if not all the terms are in their favor. What we can do is send a formal complaint to the authority (you might think this is extreme or useless- but we can send to Sh.Mohammad a copy and also to the owner's sponsor Sh. Qasimy of Sharja.)

Surely now Tiger are supposidly RERA registered, action can be taken against them for not giving a completion date,not proposing a compensation package, and not declaring their bank account details for the Marina Pinnacle.
I know their contract is one sided, but surely it cannot be open ended, where completion is as and when it's finished.

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Who said there was no one on site. There must be about hundred workers dotted about. I gave Tiger a right b******ing today as well.
Photos are excellent though. I don't need marina views, Iv'e got sea views. :banana:

^^

What are they doing though ?

F**K all I'm afraid, the crane is hardly moving all day, anyway nuff siad you must be pissed off enough as it is. Yes lets stay possative.

Loads of workers here, no really there are:)

^^ They are placing and connecting the rebar for the next floor.

WOW Great Pics !!!

Has Tiger provided details of the Escrow Bank Account to anybody following the claimed registration with RERA? HAs anyone got even a suggestion of what compensation might be paid for delays?

Has anyone made contact with RERA to ascertain if this Development is actually registered.

On their website http://www.rera.gov.ae/rera/english/contact_us.aspx they encourage people to contact them with comments or complaints. Is there merit in trying to get a large number of poeple to make contact with complaints as that may generate some reaction. Their phone number is (9714) 2030555

Absolutely great shots Scoot. Where are they taken from?

Marina Heights

How many floors to go?

Tiger have their RERA id number 581, but by now should have given it's clients details of the trust account for Marina Pinnacle. I suggest everyone concerned should telephone,fax and e.mail Tiger tomorrow, and keep pestering them all day until we get answers. I have asked for a meeting for next week, but as usual they are just ignoring my telephone calls and e.mails.

I sent a mail to Tiger yesterday requesting details of the Trust Account and stated that if I did not hear from them I would be making a complaint to RERA directly and encouraging others to do likewise. I got a reply today saying that they are registered and will forward details of the Trust Account on Sunday.

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JUNE 1, 2008

MONTHLY REPORT FROM TIGER PROPERTIES

Project: Marina Pinnacle Tower
4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai

I. ACCOMPLISHMENT TO DATE (As of 31 MAY 2008)

1. Finished concreting of slab and columns from 46th – 48th floor.
2. Finished concreting of core wall up to 51st floor and about to finish steel works for 52nd Floor.
3. Finished plastering works of internal wall of all flat units up to 29th floor using CEMENT PLASTER (ready for tiles setting and wall paints). In progress works at 30th floor.
4. Finished concreting of core wall stair-1 up to 49th floor and core wall stair-2 up to 44th floor.
5. Finished casting of concrete at lift lobby from 46th up to 48th floor and about to finish steel works for 49th floor.
6. Finished casting of concrete at electrical and garbage room from 31st – 34th floor and about to finish steel works for next floor.
7. 90% finished fixing fire stop (fire zone) therma fiber between AAC blocks and slab at 6th to 37th Floor. 60% finished @ 38th floor.
8. Finished staircase railings at core wall from 4th basement to 22nd floor and in progress installation up to 34th floor.
9. Finished block works up to 40th floor and in progress works from 41st to 44th floor.
10. 20% finished installation of G.I. pipes riser for LPG Gas pipe lines by BC Lootah Gas contractor.
11. 75% finished in repairing of plastering works for internal wall and ceiling @9th floor using NATIONAL PAINTS product. Finished repairing at 10th to 12th floor and ready for final checking by TIGCC and NEB consultant for acceptance.(National Paint Contractor)
12. In progress plastering works by National Paint Contractor @ wall and ceiling of 9th, 8th & 7th Floor (all flats).
13. Finished extension of service lift (vertical hoist) from 39th floor up to 42nd floor. (2 sets)
14. In progress installation and fixing of Sprinkler pipes (partial) for fire fighting at 6th up to 24th floor. Pipe risers from 4th basement up to 4th parking by subcontractor JUMA AL MAJID EST. and AL WAHAB.
15. In progress fabrication, installation and fixing of AC duct exhaust and G.I pipes at 9th up to 31st floor by NASH Gulf Electronics and TIGCC contractor.
16. Finished application of waterproofing on slab of kitchen and T&B @ 10th floor.


17. In progress ceramic tiles setting on wall of all kitchen and bathroom from 17th – 24th floor. Finished from 6th-15th floor.
18. Finished installation and fixing of additional new set of tower crane from 37th floor.

II. NEXT ACTIVITY FOR THE MONTH OF JUNE 2008

1. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 52nd – 56th floor.
2. Shifting of table forms from 46th floor to 48th level and securing work area with railings.(same routine up to exceeding 4 floors)
3. Installation and fixing of column & slab rebars for 49th & 50th floor, beams and slab for 51st floor as well as shuttering works.
4. Concreting of column and slab for 49th & 50th floor.
5. Installation & fixing of rebars and casting of concrete on lift lobby from 49th – 50th floor.
6. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 49th to 51st floor. Core wall stair-2 from 45th to 48th floor.
7. Installation and fixing of rebar and concreting of slab at electrical and garbage room from 35th – 39th floor.
8. Installation and fixing of rebar and concreting of slab of machine rooms (P1, P2, P3, P4) @ 50th floor.
9. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
10. MEP builders work.
11. Continue installation and fixing of staircase railings at core wall.(2sets)
12. Continuous AAC and SOLID blocks laying for walls and partitions.
13. Continuous work for all surfaces to receive spray plastering.
14. Jack-up of 3 sets tower cranes.
15. Continue installation and fixing of G.I. pipes and exhaust for AC ducting by TIGER and NASH Gulf Electronics contractor.
16. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of main and branches pipe for sprinklers).
17. Continue repairing of wall plaster by National Paints contractor.
18. Continue elevator activities by KONE contractor.
19. Continue floor tiles setting of all flat units @ 10th floor as model units.
20. Continue tile works on all kitchen and bathroom walls.
21. Continue fixing and installation of LPG gas pipes by BC Lootah gas contractor.

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thx high-times, are we already over 50F?

Core on 51 i think

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Has anyone resold a Unit in Pinnacle? Just wanted to know how Tiger handles resale of units.

June 13th, Imre


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Just got back from Dubai. Eventually had meeting with Mr Taha and chief accountant. Was given copy of letter from RERA to Tiger and also given bank details for apartments. Each apartment has it's own bank account number. If you have not been given this yet ask Tiger, because they now hold all account details. Was also told by Tiger that they have not yet released sales on 200 of the Pinnacle apartments, so they can sell at a higher price. Spoke to them about compensation, not a hells chance of getting any, maybe if you took them to court? They also took me to site and allowed me to one of my apartments on the 16th floor, travelling up the outside of the building in an old metal cage is something I would not recommend. Stood on the balcony looking out on the marina side. Views were directly of the marina, Torch did not block view. The front marina side apartments, although they looked directly at the Touch, had brilliant sea views from the balcony which will not be blocked by any future development. The Pinnacle floor numbering system is not what it seems and they are infact working on the 56 floor. Completion I was told would be September 2009 and hand over December 2009? There are plenty of workers there and they are there 24 hours a day, thats because most of them sleep on site. But it was reassuring to see it first hand and that work is being done.

Many thanks for this excellent news. I was too told about the holding of 200 units by the owner for future sale or rent to adjust against the material increase and improve the PM. It is disappointing about the handover date but I hope they can manage. 16 more floor to go plus the finishing in 15 months; Lets hope!!!. I do have 2 units on the 24 & 37 floor facing the Marina and sea view. Both are T2 type, if anyone is interested.

Tiger also said at present the market value and what they would be selling at is 1800 dhs per sq ft.

Many thanks for this excellent news. I was too told about the holding of 200 units by the owner for future sale or rent to adjust against the material increase and improve the PM. It is disappointing about the handover date but I hope they can manage. 16 more floor to go plus the finishing in 15 months; Lets hope!!!. I do have 2 units on the 24 & 37 floor facing the Marina and sea view. Both are T2 type, if anyone is interested.

Good Luck trying to sell, you will not get any help from Tiger. They will not transfer title. :bash:

Just got back from Dubai. Eventually had meeting with Mr Taha and chief accountant. Was given copy of letter from RERA to Tiger and also given bank details for apartments. Each apartment has it's own bank account number. If you have not been given this yet ask Tiger, because they now hold all account details. Was also told by Tiger that they have not yet released sales on 200 of the Pinnacle apartments, so they can sell at a higher price. Spoke to them about compensation, not a hells chance of getting any, maybe if you took them to court? They also took me to site and allowed me to one of my apartments on the 16th floor, travelling up the outside of the building in an old metal cage is something I would not recommend. Stood on the balcony looking out on the marina side. Views were directly of the marina, Torch did not block view. The front marina side apartments, although they looked directly at the Touch, had brilliant sea views from the balcony which will not be blocked by any future development. The Pinnacle floor numbering system is not what it seems and they are infact working on the 56 floor. Completion I was told would be September 2009 and hand over December 2009? There are plenty of workers there and they are there 24 hours a day, thats because most of them sleep on site. But it was reassuring to see it first hand and that work is being done.

Sounds like everything went well (except compensation) and Tiger is acting like they should be. You think they have their act together now? I will be there the 2nd week of July and maybe I can have a meeting. Or I will just pitch a tent in there office untill I get answers. Well Done P1....

Sounds like everything went well (except compensation) and Tiger is acting like they should be. You think they have their act together now? I will be there the 2nd week of July and maybe I can have a meeting. Or I will just pitch a tent in there office untill I get answers. Well Done P1....

Just because I had a meeting with them, does'nt mean I trust them. Mr Taha actually said to me that site would be finished sept 2009 hand over Dec 2009. I have just looked at their website and it states completion June 2010. So if you have a meeting they will just bullshit you to get you out of the office. Their website also states that it is Tigers policy to deliver projects on time, ye right. I would be interested though to hear how they assist if someone wants to sell an apartment. I definatly want to sell. I personally think they are intentionally dragging out the site so they can sell the 200 apartments they still hold for a lot higher price, so it is not in their interest to have existing clients selling theirs.

If they are holding on to 200 apartments. Do they have enough money to build?

If they are holding on to 200 apartments. Do they have enough money to build?

No they don't have enough money to build. Just look at TT and MAG218 they have almost cought up. At the end they will win, but the question is can we wait that long.

Just because I had a meeting with them, does'nt mean I trust them. Mr Taha actually said to me that site would be finished sept 2009 hand over Dec 2009. I have just looked at their website and it states completion June 2010. So if you have a meeting they will just bullshit you to get you out of the office. Their website also states that it is Tigers policy to deliver projects on time, ye right. I would be interested though to hear how they assist if someone wants to sell an apartment. I definatly want to sell. I personally think they are intentionally dragging out the site so they can sell the 200 apartments they still hold for a lot higher price, so it is not in their interest to have existing clients selling theirs.

I know that 2010 is the est. date. They just sent me new contracts to sign with new completion date and new payment schedule. Still no one has answered if they were able to resale a unit.

A while back thet were selling three beds in the sunday telegraph (UK) newspaper for around £500k / AED3.6m

Can anyone tell me how many sqft. are the model T14 or T01? I have conflicting information. THX!

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^^ When will they start cladding this? or is this it?

It's called going green. Spare the atmosphere of the production of anymore glass or alluminum.

Does anyone know if there are any plans for a building beside the torch?? As that will block out all marina view for me.
Many thanks.

Does anyone know if there are any plans for a building beside the torch?? As that will block out all marina view for me.
Many thanks.

I shouldnt worry about the plot next to TT, have a look at what they are talking about putting in front of it.

Has anyone heard from Tiger over the last two weeks?
I e.mailed them asking for all payments to be put back one year. No answer.
E.mailed them again today telling them I was going to put all payments back. Asked if the directors could spare the time to contact me, if not maybe the tea lady. Even the tea lady has not responded.

Hi,
I am just about to sell one of my apartments in the Pinnacle. Has anyone sold an apartment,and were Tiger cooperative?. If you have sold,who did you use? Please p.m. me if at all possible, thanks.

I saw many advertisements around 1600-1700 dhs/sqft, prices gone up here as well.

better if you contact with many real estate companies,and you can try the expatriates.com as well.

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Hi,

Had plenty of interest in people purchasing my apartments, but apparently no banks will give mortgages for Tiger properties or Marina Pinnacle.

So unless a cash buyer comes along, could be stuck.

Tiger are also being really uncooperative with the agents.

Has anyone got a bank mortgage for these apartments or know what banks would give mortgages?

A P.M would be appriciated

Regards

In August 2005 the tower starts with the first floor, and now, where we are now?? !!

Don't understand why this one is so slow???!!!

Spoke to Tiger today, was told finance for apartments at the Pinnacle, can only be arranged through Tiger. No banks will arrange mortgages.

Could be a lie, but thats the sort of thing Tiger would do. It's a pity this information is not given to clients when purchasing.

This is a ploy so the developer controls the resale value of properties during the build thus ensuring they get maximun benefit. It is more comon than you might think. Also with the mortgage market being quite new in Dubai it allows developers to get away with this.
Perhaps a buyer could look outside Dubai for a mortgage?

Hmm, I don't know if this is an indication of developer control or manipulation. It would be to their advantage to facilitate bank financing for individuals interested in purchasing from them. If they want to influence prices, why not just raise them--as I'm sure they've already done. My guess is that the banks are very reluctant to take the risk of financing projects which as we all know may or may not be completed at all, and definitely won't meet the promised specs.

The end result is that each bank tends to tie up with a few select developers. (Perhaps there is kickback for them as well.) Each development may have but a couple of banks to offer finance for them, or in some cases no banks at all. It is not at all a buyer or end-users market as fas as mortgages go. So many developers announce "financing available" but in reality buyers are given a take-it-or-leave-it option. In business publications there are so many article harping on this or that about mortgage options, but for all intents and purposes, there are very few mortgage options and none offering choice or fairness to buyers.

The only viable option for many (most?) buyers is to take out the no-strings attached, no questions asked personal loans, which unfortunately have higher interest rates and normally a limit of AED 250,000.

JULY 1, 2008

MONTHLY REPORT TO TIGER PROPERTIES

Project: Marina Pinnacle Tower
4B+G+4P+HC+3S+58 Residential floors
Bldg. on: Plot No. 392-206
Location: Marsa, Dubai

I. ACCOMPLISHMENT TO DATE (As of 30 JUNE 2008)

1. Finished concreting of slab and columns from 49th – 50th floor.
2. Finished concreting of core wall up to 53rd floor and at 54th floor ready for casting concrete.
3. Finished plastering works of internal wall of all flat units up to 35th floor using CEMENT PLASTER (ready for tiles setting and wall paints). In progress works at 36th floor.
4. Finished concreting of core wall stair-1 up to 51st floor and core wall stair-2 up to 46th floor.
5. Finished casting of concrete at lift lobby from 49th up to 50th floor and about to finish steel works for 51st floor.
6. Finished casting of concrete at electrical and garbage room from 35th – 36th floor and about to finish form and steel works for next floor.
7. 95% finished fixing fire stop (fire zone) thermal fiber between AAC blocks and slab at 6th to 38th Floor. 75% finished @ 39th to 42nd floor
8. Finished staircase railings at core wall from 4th basement to 26th floor and in progress installation up to 34th floor.
9. Finished block works up to 44th floor and in progress works from 45th to 46th floor.
10. 35% finished installation of G.I. pipes riser for LPG Gas pipe lines by BC Lootah Gas contractor.
11. 75% finished in repairing of plastering works for internal wall and ceiling @ 9th , 10th , 11th & 12th Floor using NATIONAL PAINTS product.
12. In progress installation and fixing of Sprinkler pipes (partial) for fire fighting at 6th up to 27th floor. Pipe risers from 4th basement up to 10th floor by subcontractor JUMA AL MAJID EST. and AL WAHAB.
13. In progress fabrication, installation and fixing of AC duct exhaust and G.I pipes at 9th up to 31st floor by NASH Gulf Electronics and TIGCC contractor.
14. Finished application of waterproofing on slab of kitchen and T&B @ 6th to 10th floor.
15. In progress ceramic tiles setting on wall of all kitchen and bathroom from 25th – 26th floor. Finished from 6th to 24th floor.
.



NEXT ACTIVITY FOR THE MONTH OF JULY 2008

15. Installation & fixing of rebars, shuttering works and casting of concrete for core wall from 55th – 59th floor.
16. Shifting of table forms from 49th floor to 51st level and securing work area with railings.(same routine up to exceeding 4 floors)
17. Installation and fixing of steel rebar on beams and slab for 51st floor as well as shuttering works, and at column and slab at 52nd floor
18. Concreting of beams and slab at 51st and column and slab at 52nd floor.
19. Installation & fixing of rebars and casting of concrete on lift lobby from 52nd floor.
20. Installation & fixing of rebars and casting of concrete for core wall stair-1 from 51st to 52nd floor. Core wall stair-2 from 47th to 50th floor.
21. Installation and fixing of rebar and concreting of slab at electrical and garbage room from 37th – 41st floor.
22. Installation and fixing of rebar and concreting of slab of machine rooms (P1, P2, P3, P4) @ 50th floor.
23. Continue wall plastering using Dubai plaster on Bedrooms, corridors, kitchen, T&B and stairs.
24. MEP builders work.
25. Continue installation and fixing of staircase railings at core wall.(2sets)
26. Continuous AAC and SOLID blocks laying for walls and partitions up to 47th floor.
27. Continuous work for all surfaces to receive spray plastering at 37th to 40th floor.
28. Jack-up of 3 sets tower cranes.
29. Continue installation and fixing of G.I. pipes and exhaust for AC ducting by TIGER.
30. Continue JUMA AL MAJID EST. and AL WAHAB activities for fire fighting (rough-ins of main and branches pipe for sprinklers).
31. Continue repairing of wall plaster by National Paints contractor.
32. Continue elevator activities by KONE contractor.
33. Continue floor tiles setting of all flat units @ 7th , 8th & 10th floor as model units.
34. Continue tile works on all kitchen and bathroom walls up to 26th floor.
35. Continue fixing and installation of LPG gas pipes by BC Lootah gas contractor.





By: Engr. Dario Andres

so they are useing national paints, do u know who is contracter?

Can I ask if many Investors have received details of the Trustee Accounts that are meant to have been set up to channel payments through. I cant get any details from Tiger but understand from others that the accounts have been set up. To date I have paid 70%. Has anyone received any favourable revision of payment terms. Please feel free to private message me. Thanks