Hi Guys
Here are some pics of the common area
http://i37.tinypic.com/2jg848i.jpg

http://i38.tinypic.com/vicfow.jpg
http://i35.tinypic.com/2nkf95.jpg

pics taken on 7th November

http://i34.tinypic.com/nz4ygn.jpg

http://i36.tinypic.com/2z69yj8.jpg

http://i37.tinypic.com/34i2tfd.jpg

pics of my apartment

http://i33.tinypic.com/2dbnne1.jpg

http://i34.tinypic.com/344rxbl.jpg

http://i36.tinypic.com/2je3aqq.jpg

http://i38.tinypic.com/2nrjb7b.jpg

http://i36.tinypic.com/2cxfa12.jpg

http://i35.tinypic.com/293u5ud.jpg

Just received 2 phone calls from betterhomes and Hamptons... tenants seem to be waiting and I have been offered 155.000 AED in 4 cheques for my 2bed on 19th floor... not too bad in these times... unfortunately I will move in myself...:-)

DirtyHarry,Iam so happy that the building is lookin good,If you dont wanna rent out your place give them mine,iam looking too rent mine out.2 bed 19th.
tnx,by the way the price they told you is not bad at all !

Hi Guys,

Just a quick reply from my side. Did the orientation tour of our place on the 23rd floor. Very happy overall. The view of the marina exceeded expectations, especially from the bedroom. The common areas will be very nice I think.

We were not to fussy on the snags, but still came up with a full sheet. Most were painfully obvious such as the gap between the wall and the outside window.

As previously noted, the bathroom fixtures are substandard and we'd plan to upgrade those.

Overall, after a long 5 year wait, we're very happy with what we saw.

Hi,
I recommend anyone who hasn't opened an E-Service account to open one now with Emaar in order to monitor your project, service request, property financials and more stuff via Emaar E-Service.
you will be able to create a new request where they actually get back to you the same day.

for opening a new account please go to:

https://eservice.emaar.com/home/RequestAccount.aspx

Some more pics also taken on 8th November
The red Ferrari shown on my first pic is owned by DCE project manager :ohno:

http://i35.tinypic.com/27ypemf.jpg
http://i34.tinypic.com/9st98o.jpg
http://i36.tinypic.com/2425ytu.jpg
http://i37.tinypic.com/52xbx0.jpg
http://i37.tinypic.com/1178o02.jpg
http://i36.tinypic.com/ix47r5.jpg
http://i37.tinypic.com/2yor8zq.jpg
http://i36.tinypic.com/2z6w9c4.jpg
http://i38.tinypic.com/50md7a.jpg

Thanks for the update guys!

Good Job!! Ossi!!

hey ossi is that the 01 unit with the views of the marina???

HI Mpower3,
the pics are from the 1401 unit. The views to the yacht club and the sea are great, but the finishing isn´t. But the common area will be nice.
Did you get a call from EMAAR ? Do you come to Dubai for the snagging?

hey ossi, yes i just got the call yesterday night to set up an orientation date. the views do look spectacular. im very excited and looking forward to coming to dubai at the end of november to finally see it with my own eyes! :banana:

Just had my orientation tour... major issues were painting (very lousy and inaccurate, many stains everywhere on doors, frames etc.), entrance door (frame damaged and not closing properly), kitchen (all drawers with missing screws) and especially the bathrooms: broken tiles, no or very poor sealing etc. The whole floor was so dirty that you could not see any damages, heavy stains all over. 2 holes in the window frames in master bedroom... you could look on the balcony... All woodden parts need a polish.

Even the Emaar guy apologized for the lousy finish at this stage. Snagging will take a while. Actually DCE did a lousy job, especially with defects even a blind man can see.

But: The views are really spectacular and the podium deck will be very nice. Pool well sized and with nice views as well. With a better finish from the beginning I would be very happy with the appartment. Hope that at least snagging will be carried out properly.

Current furniture in West lobby looks a bit strange... according to Emaar it will be changed again, do not know how many times they will change it. But they are working on it and the whole development is taking shape now on a daily basis.

Harry congratulations for your orientation!
I visited the site today they were busy with pavement on the eastern part of the site and with a pool deck. They are working in the gym as well. Workers who suppose to rectify snags are still wondering on the balconies and sleeping in the corridors.
I talked to the project manager about the dewatering and possible problems with quay wall. He said there is absolutely no problem and that they are lowering water level only to remove the land.

Some photos from today


Land removal
http://i38.tinypic.com/2yyni1z.jpg

Gym upper level
http://i38.tinypic.com/2a8g2du.jpg

Pool deck
http://i36.tinypic.com/2wrkcqp.jpg

http://i37.tinypic.com/2ypi0iq.jpg

http://i36.tinypic.com/alnev6.jpg

http://i37.tinypic.com/2cgivsj.jpg

Just received a phone call from Hamptons for leasing my 1 B/R, which has a spectacular marina and yacht club view. They are suggesting I can get 110K for it.

A good price in these hard times!

For sure the Marina is one of the best places in entire Dubai and it will keep the properties' values better than other areas.

Thanks for the info m2 re the dewatering.:okay:

Hello.
got a phone call..going for my Orientation on Sat-1PM:).
very excited.

Tightness, will catch you at noon.

Congrats and good luck for you both!!

The common area looks better and better now. Pretty excited about the property hand over now!!

Bertos, mine is at 2pm. I need to go to my mortgage bank prior to that. Let me pm you with my contact details. It would be wonderful if you could join mine. In German we say: "Two eyes "see" more than one" .. :)

Bertos: Check pm!

View from my balcony 19th floor...
http://i37.tinypic.com/lkzu8.jpg

And here something not so nice...
http://i36.tinypic.com/2u5fejr.jpg

What an amazing view!

Tightness, bertos, if I am in the area I may meet you after your tour?

yes, the view is absolutely stunning, day and night.

I sent a strong email to Emaar this morning complaining about the dozens of defects and that obviously nobody from Emaar has ever seen the appartment prior to the tour which is in fact a joke. I really don't know what kind of blind idiot you must be in order to deliver such a finish.

If they really manage to sort out the defects however it will be a great place to live, there is no doubt about that.

yes, the view is absolutely stunning, day and night.

I sent a strong email to Emaar this morning complaining about the dozens of defects and that obviously nobody from Emaar has ever seen the appartment prior to the tour which is in fact a joke. I really don't know what kind of blind idiot you must be in order to deliver such a finish.

If they really manage to sort out the defects however it will be a great place to live, there is no doubt about that.

If this is a DCE build it will be full of defects like at The POINT

IT is a DCE build.

yes, the view is absolutely stunning, day and night.

I sent a strong email to Emaar this morning complaining about the dozens of defects and that obviously nobody from Emaar has ever seen the appartment prior to the tour which is in fact a joke. I really don't know what kind of blind idiot you must be in order to deliver such a finish.

If they really manage to sort out the defects however it will be a great place to live, there is no doubt about that.

DH & MQ Owners: This is the part we need to seriously push to ensure the defect would be rectified properly. End up MQ would be one of the best in Dubai Marina!!

IT is a DCE build.

Enough said !! second rate unfortunately

Guy's Iam having my orientation today for the 17Th floor and Monday for the 31st,I cant believe emaar,I have sent them my authorization letter like 3 times and they still are telling me tell your representative to bring his letter ! they are sooooo lost !

Iam flying in from LA on DEC 1st to make the last payment,is it gonna be ok if iam like 2 days late? $$ these A..holes were 20 months late.

Hi Arian,

They wont really do a handover of keys/ docs until you have paid them the last installment.

I have been told that to rectifiy all the defects in my appartment incl. repainting etc. could take 1-3 months. November 30th for me is a theoretical date. Imagine, they have to do nearly all 300 appartments in West again!

I have been told that to rectifiy all the defects in my appartment incl. repainting etc. could take 1-3 months. November 30th for me is a theoretical date. Imagine, they have to do nearly all 300 appartments in West again!

Harry who told you that?

I have been inspecting my apt with dirtyharry this weekend and will post pictures soon. I took so many so I probably will setup a flickr page. Or does anyone know how I can quickly upload pictures in a batch (30) without the hassle to upload one by one?

Some of the Emaar guys during the tours on Saturday. They said that the contractor will set up "teams of specialists" for the snagging. So any handing over date depends soleley on every owner's snagging list and the date of his tour... but there is no chance that the majority of the appartments will be handed over in time - it would not be a problem if the finish had been done much better from the beginning.

Today

http://lh3.ggpht.com/_hVJ_uqlnBOs/SwB_ib_VXLI/AAAAAAAAAJ4/2FyKqGGIQrg/s512/DSC00143.JPG

Um, the Arabtec logo is from the Silverene development?

Hello,
I am new on the forum, I lived in France and I am owner of an apartment in the 23rd floor of Quays West.
Emaar suggests me visiting my apartment during November but I can't go to Dubai before 18 of December.

Emaar sent me these 2 e-mails:
1. "Dear,
Please note that since the handover date of the property is 30-Nov-09, we would not be able to book you for a Customer Home Orientation (CHO) at such a later date. However we can offer you the following two options:
1) You may authorize Emaar to conduct the CHO on your behalf - we need a letter of authority for this from you allowing us to go ahead. Or
2) You may authorize a friend/relative in Dubai to visit the apartment on your behalf - for this we need a letter of authority giving the contact details of the person whom you will authorize.
This will help in making the apartment ready for handover and in time for when you visit Dubai without allowing two visits to the UAE.
Please let us know of your intentions for this.

Regards,

Diana Azavedo
Executive
Property Handover Department."

2-"Dear,Thank you for your email dated 12-Nov-09.
Please note that the apartment does have a one year warranty after moving which can be raised with our Property Quality Assurance Dept through a service request process.
We regret to inform you that we may not be able to send you pictures of the apartment however once you arrive to Dubai, we can arrange a walk-through or a show around for your apartment.
We will await for your decision on whether Emaar should go ahead with the Customer Home Orientation on your behalf.
Kind regards,

Diana
Diana Azavedo
Property Handover Executive
Emaar Properties PJSC
P.O.Box 9440,
Dubai
United Arab Emirates"

To your opinion, is it reasonable to let Emaar make the CHO for me knowing that they can't send to me photos after the visit?

Please advise me.

Um, the Arabtec logo is from the Silverene development?

Tightness, yes that's right. I shot that from Marina Mansions on high zoom, through the two Silverene towers.

jsmith, Emaar people are as blind as DCE people, so send one there to do the tour whom you trust...

Hello Tinoudubai,

Advive: Contact Dirtyharry and ask him if he could do the orientation for you, he is the professional for Quay West!! :-) Did several snaggings with some of the members here and was also snagging with us. You can definitiv trust him. He already knows the orientation and security staff. He knows the building and what you have to look for exactly in the apartments. Make him an offer via private mail I´m pretty sure he can do that for you if he has the time, can´t you Harry? :-))))

Caro
Hoffe das war Ok, deine neue Sehstärke muss ja wohl ein bisschen gefordert werden...

Thank you very much of your answer Ossi.

Guys a buddy of mine went and did the snagging for me 17th floor and he said
there was no water or power ,wasup with that? didnt they have that fixed?

Unfortunately that is true... still no DEWA connection! Water and power is coming from tank and generator...

I have just been down to site and have been advised that Dewa is connected and is going to be fully operational tomorrow onwards......apparently!! They cancelled snagging for past two days as they were planning full switch over, but they are still testing so switch over will now happen tomorrow.

Does anyone esle have a 2 bed apartment (04 suite) that should have two basins? If so did you notice during snagging whether there was one or two???

Have also been to Emaar offices today and they said handover isnt looking hopeful for the 30th Nov!!! But have promised an update today as they know I have booked removal company for 1st Dec as my tenancy has expired!

Wow, they normally do not communicate this kind of information (potential delay) in the call center or at their office. Maybe it is just too apparent?

I was getting no answer from the call centre just lots of promises to call me back. I went to the offices to get my letter of completion as I advised it was requested by my mortgage company (it hasnt yet but they will need it by early next week in order to remit final payment in time).

When Emaar couldnt give the completion letter they had to really give me an update........I have made it very clear to them that I am prepared to allow snag repairs once I am in the apartment but should they delay they need to provide me with accommodation as they are obliged to give 30day notice min for any delays!!

So we shall see what they say - if they say anything at all!!!

kaysha, let us know asap... would be another tragedy in this never ending story...

Hopefully they do not change their stupid minds and want to wait until East and North are completed!!!!!

Providing you with accommodation? Ha, dream on... I am living in a hotel for 6 weeks now! They will not do anything like that.

Wao........... DH: U have been living in the hotel for 6 weeks. My god. I have called Emaar this morning, and they told me to wait for 3 weeks to 6 weeks for the contractor finish the rectification, and the hand over notification letter from Emaar. Though I have done my orientation on 24/Oct/2009, I really have no idea if the contractor has started the rework or not. I hope it can be done ASAP!!

Dirtyharry,

Did you put them on formal written notice regarding your lack of accomodation and that you would hold them responsible for all associated costs and losses?

When they informed me of the final completion date of 30th Nov, I immediately told them that i was serving notice on my current place and therefore if they suspected any further delay then they needed to tell me immediately. I also informed them that should they delay further they need to provide accommodation as it is now less than 30days which is the minimum notice period as per contract.

I have informed them weekly of the situation and again twice today. So we shall see!

I will keep you posted regarding their response.

Do you have any idea of our rights should they delay and give us less than 30days notice of such delay?

Emaar just called and the building is def getting power throughout tomorrow, so for sure there is no delay on that part.

They said they are aware that there are several customers who need to move in at start of Dec and they are still trying to find a way of doing this. They have a couple of project meetings over the next two days and will be aiming to give customers firm dated for handover by the end of the week.

So we shall see........the longer they leave it I think the bigger problems they will face especially with Eid also!!

Thanks Kaysha, pls let us know here in the forum on the project update. It is - btw - not only the usual suspect that write here (10-12) but many "silent" forum users.

Your insights will help us a lot!

Guys, honestly, use your common sense. Look how long it took them to complete West and look at the result - more than lousy finish and nearly all appartments need a severe renovation (tiles, door frames, woodden parts, bathrooms etc.). Do you think all those parts had been ordered twice for exchange/replacement and they are on stock? If they have to renovate only two third of the appartments to such extent (so around 200 units) November 30th will be never ever a realistic date.

Kaysha, you better start looking for a nice hotel - at least that is possible in bloddy Dubai:-). Do not rely on Emaar - never!

Hi, just FYI. I was supposed to have my orientation for the 31st floor on Thursday 19th and Emaar called me this morning to postpone the same till next monday claiming that they had a kind of "overbooking" this week...no more explanations..

I also need to vacate my current apt. the 1st week of Dec so tomorrow I will check with them tomorrow our "rights" as a costumer in case of 1 week notice for a further delay.

good luck and good night

Guys today I wrote to Emaar saying that my rent is expiring and that I have to move in on 30 Nov and that therefore i need that bloody letter immediately so my bank is able to release the final instalement by 30th.

After 2 hours I got the letter from them. The subject was Handover of Property and they started with:

"We wish to advise that further to your home orientation dated 01 Nov 09, the deficiencies noted during your Home Orientation are still under progress. As you have chosen to take over your property before the deficiences can be rectified, the outstanding issues will need to be processed under your Defect Liability Period."

Then they are saying that if I didn't do the last payment I should do it not after 30 Nov 09 and that failing the above the late payment charge will be levied...

...that I should inform my mortgage provider in case of financed property...

...and that I am requested to take possesion of my home within 30 days from the 30th of Nov...

At the end ..."this letter has been issued upon your request".

Signed

Property handover department


So I guess this is the Final Notification Letter and with this I can make the last payment and get the apartment on 30 Nov

Still sounds fishy to me but it is official document from Emaar.

I am going there tomorrow morning to clarify

Will let you know

m2, that letter is for the toilet, but not for your bank.

Just talked to Emaar, as usual they do not know anything, they even don't know whether the contractor has started with the snagging!! No clue about handing over date, could be 30th November, could also be 31st December or later they said.

They are a bunch of uncompetent and ignoring stupid idiots. Since they know this exactly they will ripp us off with the maintenance fees, I bet... they have nothing to lose, their reputation they lost some time ago.

I was at the apartments yesterday and went for a wander and it seems they are carryout some snagging. There were several workers doing things which to me I expect on a snag list, polishing marks off woodwork tidying paint around skirting boards etc (from the quality of the finish it is clear they have not been doing such work as a matter of course).

When I go past the building tonight i will see if the building is in complete darkness or whether Dewa did in fact "energise" the building today as planned!!!

This morning I went to Emaar, talked to the assistant manager from handover. He said that the letter I got is the actual Final Handover Letter and that I will get my apartment on 30 Nov no matter what. I may need to get some candles though :lol:

Then I went to Amlak after that, they accepted the letter, I finished all the paperwork, payed the construction profit and land registration fees and they will be doing the final payment by 30 Nov.

So who knows, miracle may happen at the end...

Ah M2 I am so jealous, at least you are making some progress (even if it is false progress)!!! Which Emaar office did you go to the Greens or Downtown? Im simply getting no answers!

m2, if you really get your keys on November 30th, congratulations!

I am so excited to hear and see how they executed the snagging...

Just passed the site around 10 pm and talked to the foreman, AS OF TODAY WE HAVE DEWA CONNECTION!!

Some workers were busy at site, filling the hole in front of West and paving the exit lane on the backside of West. Barriers have been installed today, all fences removed, paving completed in front of the road villas, some small trees planted there, pool side windows have been cleaned, so apart from the landremoval on the piers there is indeed some progress... window cleaning on marina side and back side should be done next week... the last week before the expected handing over! Eid is commencing on 26th up to 29th if not 30th...

m2, if you really get your keys on November 30th, congratulations!

I am so excited to hear and see how they executed the snagging...

If I do get the keys on 30th no snags will be rectified that's for sure.... and it's gona be another long battle to get it fixed later.

I also passed next to the building and it's true there are lights on the balconies. The idiots put halogen bulbs on the balconies so the building looks like a Christmas tree now... Or maybe it's part of Eid decoration, who knows.

Anyway we are geting there, slowly but surely

Ah M2 I am so jealous, at least you are making some progress (even if it is false progress)!!! Which Emaar office did you go to the Greens or Downtown? Im simply getting no answers!

Kaysha I went to the Greens office, try one more time

M2 that is so funny your comment about the building looking like a christmas tree.......the only plus point for me is I do like Christmas!!!

Emaar just called me and said I should have my letter within the next hour! They are having a meeting today regarding moving in dates (for sure they said not everyone will be moving in immediately).

Now to my next point: If I get the letter from them, instruct Tamweel to pay the balance 20pct, Emaar have absolutely no insentive to get the building done and hand over the keys (or is there some legal agreement which says they have to give the keys within x-days from issuing the letter - unlikely I bet!!!). However, if I dont pay the balance, it will come to the 30th Nov and Emaar will just blame delayed handover on me not paying the balance! So really its a no win situation!

kaysha, just make sure that your bank pays immediately since a normal transfer takes a few days... once you paid the rest and the maintenance fees they will do the hand over, I do not see a problem there. The maintenance fees you should pay cash or via managers cheque. Have they announced the fees? The should otherwise nobody can pay them...

M2 that is so funny your comment about the building looking like a christmas tree.......the only plus point for me is I do like Christmas!!!

Emaar just called me and said I should have my letter within the next hour! They are having a meeting today regarding moving in dates (for sure they said not everyone will be moving in immediately).

Now to my next point: If I get the letter from them, instruct Tamweel to pay the balance 20pct, Emaar have absolutely no insentive to get the building done and hand over the keys (or is there some legal agreement which says they have to give the keys within x-days from issuing the letter - unlikely I bet!!!). However, if I dont pay the balance, it will come to the 30th Nov and Emaar will just blame delayed handover on me not paying the balance! So really its a no win situation!

Kaysha if you requested for the letter they gona send it you no doubt about that since I got it. Now, if they send you the letter you will be requested to make the final payment by 30 Nov otherwise they will charge you with the late payment penalties which is 2% monthly on the balance.

I recommend that you go to Tamweel as soon as you get the letter since they may need more than 10 days to release the payment. If they don't unfortunately you will be only one who has to pay the penalties.

You will have to coordinate this well and chase Tamweel properly.

Regarding the handover I believe that Emaar will hand over the units as soon as they can because even they are sick of this project and delays (obviously first ones will be handed over without snags being rectified). Later we gona get it done in defect Liability Period.

Hope this helps :cheers:

Regarding the fees they told me yesterday they don't have it yet and that they should finalize it by 26-27 Nov.

Btw what's that ugly black metal fence around the whole site???
This is the first project they are puting the fence around the site.
What is the use of that I really don't understand.

Marina Quays is a High Security Site, the fence (most probably electric) will keep out all intruders from stealing the high value lobby furniture or the exclusive bathroom tiles.

Or they want us to lock up for our ongoing complaints...

yes, it is unique in the Marina

Marina Quays is a High Security Site, the fence (most probably electric) will keep out all intruders from stealing the high value lobby furniture or the exclusive bathroom tiles.

Or they want us to lock up for our ongoing complaints...

yes, it is unique in the Marina

:lol::lol::lol:

Great so come 27 Nov we have to start chasing Emaar for service charge details, another nightmare! Then finally when we pay them we have to start chasing for the letter of completion which will be as painful as this is now!! I cant believe Emaar are so disorganised and never return calls etc!

So I guess assuming I get this letter today I can then start chasing for service fees - what fun!!

Update.......

Emaar just called and said 2 days ago they issued some handover notes. They were then instructed not to issue any more as the apartment is not up to scratch to handover on 30th!!!

I have now (once again) told them I am happy to move in as it is and they can finish the building and snags etc once I am in the apartment. They are now checking and calling me back!

The last week will be a sort of new nightmare...

Kaysh, if they have to repaint your appartment and renovate the bathrooms and if they haven't done that yet, you should not move in.

I also had a call from these bastards just 1 min ago, they said snagging of each appartment needs minimum 3-6 weeks! So forget about November 30th!

So another call from Emaar just now (at least they are starting to communicate)......

This meeting is taking place this afternoon regarding management. Once they have had the meeting they will know about handover dates and notes will be issued accordingly. They have advised if they decide not to hand over on the 30th we are talking days rather than months........we shall see.

They have promised me an update this afternoon after the meeting!

PLEASE keep continuing updating us!

Eid holidays for both private and public sector have been announced... 26th to 28th there will be holidays for the private sector, the public sector will resume work on December 6th only! So we will see how Emaar will react on this... maybe they decide to join the public sector:-)

So at least it would be possible to pay the last 20% on 30th... in theory...:-)

Quoting the handover manager: This is the first time in Emaar´s history that they send the final letter and handover doesn´t acutally happens by the indicated day.

This project holds every single record in Emaar´s history...

Anyway, this means they have to compensate to those who move out of their apartments following their termination notification after they got the letter.
I asked the handover department and they told me they will suggest a solution by Sunday. We´ll see.

I suggest you all go to Emaar´s handover department in Greens (you can do valet for free in front of the building and there is no waiting period) and ask for a compensation.It is their fault as they were the ones sending the letters.
Reason for sending the letter is that after December 31st they have to start giving the money back to those who would asked for a termination of the sales agreement by October 30th.
It´s all in the dates, my friends!
And have screwed big time now...

Now it is official... just got a call from handover manager:

November 30th is not possible, some appartments will be handed over by December 15th, the rest by December 31st at the latest. So it happens exactly as I predicted when I saw my appartment... Reason is the lousy finish - nearly every appartment needs to be renovated and they are running out of material since they need too many new doors, tiles etc. and they don't have this material available...

Emaar’s reputation is a mess on this one.

All because of DCE.

Really, how could have the quality management of Emaar failed so dramatically. In times like this, when Emaar's shares are penny stocks, simple management (!) of your suppliers (constructors) is key to hold up your reputation as the former Nr.1 in the market.

What happens now is just ridiculous. Really, shame on Emaar!

A bit closer to get my money back...
I am tired of this shit...
Either they handover my unit by Jan 3rd or they will have to pay...
what a useless company...

All,

I have been passively reading your comments over the last year or so, which have been extremely helpful and have been the main means of keeping abreast with progress of the project. So thankyou, dirty harry, tightness and emre solt.

Is there any idea when East or North will be ready? I presume the 30th Nov handover was for West. That means the other 2 buildings must be months away.

Thanks
Gold 7

If West will be handed over step by step by December 31st, I guess for East and North End of January or February 2010, depending on the finish...

Has anybody else heard that the Nov 30 handover date has been pushed back for all properties in MQ due to problems with the power last week and the fact that they have still not received the official certification? If this is the case, what are the options for those that are on rental contracts finishing up at the end of this month? Has anybody had compensation confirmed? Are they contractually obliged?

Thanks.

They are not obliged to compensate in this case, at least nothing is mentioned in their contracts.

New shock... I was just driving along the site... the entrance is a big hole again, pavement removed, I stopped and asked them what happened: "big problems", yes, I could see, what a nice answer... we should be happy if they manage 31st December for handing over. Don't want to know what other "big problems" will turn up soon...

Changing the topic, and for those who have mortgaged the property, Are you obligated to arrange the property insurance with the bank? I wonder whether we can find a better deal with a third party insurance company rather than the one the bank is offering us. They are asking for 1600 aed/ annual for a 2BR in MQ west. I have to read the mortgage contract anyway..

I would appreciate your comments.

1600 AED per year for a 2bed is fine, don't mess around with peanuts and save energy for the coming battle with Emaar after you took over the appartment...:-)

I know Harry, but I have been throughout a long battle with the banks and their depressive costumer service as well as Emaar is doing, that is why I fight even for the peanuts if necessary.. : /

Hi Carbajal,

I'm paying 899 AED per month! Though its for a 3 bed, nevertheless I think I've got the raw end of the deal here....

1600 AED per year sounds pretty reasonable.

Ok, I understand, but keep in mind that if you do a 3rd party insurance your bank has to approve that and they have to be the benificiary resp. you have to supply an absolute assignment in favour of your bank. Go for your bank's one... less headache, I promise! And 1600 AED per year is really reasonable.

Always keep in mind, the war with Emaar is not over, it has just started... and so far we have not won one single battle...

Since Emaar's delays have forced me to live in a nice hotel on my costs I am enjoying the Spa every evening in order to be prepared:-)

Nobody in this forum should rely on any of Emaar's statements with regards to handing over. Once you hold the keys in your hands and water and power is connected in your appartment, only then you got it.

So thankyou, dirty harry, tightness and emre solt.


Sorry, but leave me out. I have been spamming this forum only to ask people for their updates ;)

DirtyHarry has been here for some very long time and regularly (weekly?) visiting the site for us.

When you guys meet him, buy him a drink, he does deserve it!

http://www.business24-7.ae/Articles/2009/11/Pages/22112009/11232009_2a4d4fb497644889aa6e8759da77651f.aspx

My latest email update 1 hour ago from Emaar.........

"Please note the snags completion is in progress. You can go ahead and make the final installment payment to Emaar by the 30th of November.

Handovers of the apartment will be done on an appointment basis and we have also communicated this to all our customers through a letter we have sent yesterday (see attached for your reference). Once you have completed all your payments please contact us to take an appointment date to take the handover of your property.

If you have any further queries, please do let us know."

Hmmmmm.........however my mortgage company spoke to them to effect final payment and Emaar told them the property isnt ready!!!!

I will be taking a trip to their offices at lunchtime......again!!

My latest email update 1 hour ago from Emaar.........

"Please note the snags completion is in progress. You can go ahead and make the final installment payment to Emaar by the 30th of November.

Handovers of the apartment will be done on an appointment basis and we have also communicated this to all our customers through a letter we have sent yesterday (see attached for your reference). Once you have completed all your payments please contact us to take an appointment date to take the handover of your property.

If you have any further queries, please do let us know."

Hmmmmm.........however my mortgage company spoke to them to effect final payment and Emaar told them the property isnt ready!!!!

I will be taking a trip to their offices at lunchtime......again!!

Hi Kaysha: TKs for the update. Can you scan the letter from Emaar and post it here as I just called Emaar and the staff told me that Emaar didn't send any new letter to their client. It would be a great help if you can assist. Also, pls let us know what Emaar would tell you in your visit during the lunch break.

I just received a phone call from Emaar and they told me the same shit which I actually do not understand...

Anyway, they don't have a clou yet when they will hand over the apprtment, that is the main statement.

Becoming more common now in Dubai for developers to call in the final payment when the building is not fit for handover. They are all guilty of it, not just Emaar, a sure sign of how deperate they are for the money.

Hourad - Thanks for the link.

Fully understanding the snagging process is TERRIBLY important for all of us.

There are fundamental problems with Emaar's snagging process.

For instance, it is completely INVALID to do a snag without water or power. One of the tests that all of you should plan to do is to fill all basins with water, plug them up. Fill the tub with water and leave these over night. Or 2 nights. Then check for local leaks. Check your downstairs neighbor for hidden leaks coming from above them from your tub or sink plumbing!! Have your upstairs neighbor do the same test. There's clearly no time during the orientation but we should have a year to perhaps try.

Then you also need to check each socket and switch.

Impossible without power or water utes switched on.

Also, we should find out what Emaar's warranty terms are for the 1 year: does anyone have this in writing (fat chance, I think) Are all items all covered for the year, then we're ok. Are cosmetics covered for 1 year? They have told me that on the phone but we cant take their word.

Can anyone try to get this in writing? Anyone managed to develop any insider friends who may pass these things along to us without too much fuss from within Emaar?




http://www.business24-7.ae/Articles/2009/11/Pages/22112009/11232009_2a4d4fb497644889aa6e8759da77651f.aspx

http://www.business24-7.ae/Articles/2009/11/Pages/23112009/11242009_b0de9517d0874e16b978d9c9b1e73501.aspx

Pls check the below feedback from Emaar about the Marina Quays common area. I will post their response once I have the update on 30 Nov!!

------------------------------------------------------------------------
Dear XXX:

Thank you for your email.

With regard to your concerns regarding the common area, kindly be advised that we are in the process of investigating the issue you have highlighted. We will endeavour to provide you a response by 30 November 2009.

Kind regards,

Linda Thomas
Community Administrator
Dubai Marina

Emaar Community Management



fax +971.4.3673750

communities@emaar.ae
www.emaar.com
---------------------------------------------------------------------

Guys the lights are on in the apartments of West and North for the first time!

I went to Emaar today and talked to the handover management they said they will definitely start handover from Dec 06 as per the booked apointments.

I managed to sneak into my apartment today and all they did from Nov 01 is polishing the cabinets, doors and door frames. They did a good job there I have to say. The rest is untouched.

We are geting there slowly

Hi guys,I called emaar today and they said my apartments are not ready,1 unit i have done the snagging but its not ready,
the other 2 apartments 17th and 31st haven't even done the orientation or snagging ! she said that you can take over
if you want on Nov 30 but without anything to be fixed or certified from defect !
I told her I want to get the keys all at once and don't wana keep going back and forth to Dubai,
she said it will take another 2/3 months,I had bought a ticket and booked a hotel now iam gonna have to pay like $600 penalty.
This is B.S
one question guys ,,since they sent us a letter saying handover is on 30th of November and iam not gonna come
cause its not ready,they are not gonna charge me late payment charge right ! I asked her and she said no,but I cant trust emaar anymore
will they send us a letter or you think I should send someone to go and get a formal letter from them ?

Hi guys,I called emaar today and they said my apartments are not ready,1 unit i have done the snagging but its not ready,
the other 2 apartments 17th and 31st haven't even done the orientation or snagging ! she said that you can take over
if you want on Nov 30 but without anything to be fixed or certified from defect !
I told her I want to get the keys all at once and don't wana keep going back and forth to Dubai,
she said it will take another 2/3 months,I had bought a ticket and booked a hotel now iam gonna have to pay like $600 penalty.
This is B.S
one question guys ,,since they sent us a letter saying handover is on 30th of November and iam not gonna come
cause its not ready,they are not gonna charge me late payment charge right ! I asked her and she said no,but I cant trust emaar anymore
will they send us a letter or you think I should send someone to go and get a formal letter from them ?

I am afraid they gonna charge late payment penalties if not paid by 30 Nov. In my case that is the situation and after the letter they sent to everybody I think we are all in the same boat

But how can they charge us if the apartments are NOT ready ?
Its there delay not ours !

In terms of payments to be made for a mortgaged apt, I am bit lost (stemming from the fact that I don't have a clue how the process works).

My bank told me, "ah, don't worry, Emaar will send / notify us when the final payment needs to be done and then we contact you"

I am not so sure if this Mortgage manager knows what he was talking about. Could somebody write in a process-manner style what steps need to happen with the respective involved parties?

My mortgage bank is the Noor Islamic Bank.

In terms of payments to be made for a mortgaged apt, I am bit lost (stemming from the fact that I don't have a clue how the process works).

My bank told me, "ah, don't worry, Emaar will send / notify us when the final payment needs to be done and then we contact you"

I am not so sure if this Mortgage manager knows what he was talking about. Could somebody write in a process-manner style what steps need to happen with the respective involved parties?

My mortgage bank is the Noor Islamic Bank.

My understanding of the process is as follows:

When you get the Final Handover Notification (which btw we still didn't get formaly) then you should approach your bank.
The bank won't be receiving anything from Emaar that is pretty sure.
Then you should pay Construction Profit and Land Registartion Fees to your Bank (depends on the bank if they require it or not - Amlak requires it) and then they will need 10-14 days to release the last payment.
Once the payment is cleared you are required to pay service charges to Emaar (and late payment penalties if your bank doesn't pay within 10 days from you receiving the letter) and then you can book your appointment for actual handover.
Now I don't understand if they consider this letter we got as the Final Notification.
I called them today and they said that it is not Final Notification it is only a Project Update.
On the other side based on the similar letter they send me earlier they require me to pay by 30 Nov othervise they gonna charge me with late Payment Penalties.
All in all, it's a big mess, as always when you deal with incompetent people
Good luck!

Tightness, the bank will only proceed with the last payment upon receipt of Emaar's "Certificate of Completion" stating a definite date where your appartment is ready for possession. Either your bank will then transfer the money or they send someone with a managers cheque to Emaar to do the payment. Of course that certificate has to allow a few days to do that transaction (normally around 10 days). Or your bank could even authorize you to take the managers cheque to Emaar. Once the last payment AND the maintenance fees have beed paid Emaar will supply a certificate that confirms the payment has been done in full.

I can only speak for myself, but I have not received that Certificate of Completion, consequently my bank will not pay the remaining 20%.

I have been to the site doing the tour for one of our forum members and I have also quickly checked my appartment again on 19th floor (tour was on 12.11.) and NOTHING has been done yet, no snagging at all.

The West lobby however looks much better now, the floor has been snagged and they are painting the entire lobby. East lobby looks good as well, they put capets and lamps, it looks quite good. I hope that the West lobby will look the same after renovation...

They were busily doing snagging all over the place (painting columns, entrance area, etc.). However the appartments are still in a bad shape and I guess that they will not start handing over before December 15th for the lower floors.

Thanks for the insights Gents.

We are in this dilemma that "m2" mentioned.

a) We haven't received a CERTIFICATION OF COMPLETION
b) We dont want to pay late payment fees.

My Bank (Noor Islamic Bank) is urging me (call today) to go for the handover process to avoid late payment fees.

What should I do?

Has anyone made his / her final payment (lead time 10 days?) given that the 30th of Nov is already the NEXT working day from today?

Don't worry, there will be no fees if you have not received that letter. And they did not start to snag your appartment...

Thanks for the insights Gents.

We are in this dilemma that "m2" mentioned.

a) We haven't received a CERTIFICATION OF COMPLETION
b) We dont want to pay late payment fees.

My Bank (Noor Islamic Bank) is urging me (call today) to go for the handover process to avoid late payment fees.

What should I do?

Has anyone made his / her final payment (lead time 10 days?) given that the 30th of Nov is already the NEXT working day from today?

I started the procedure with Amlak - gave them all the cheques, paid for construction profit, land reg. Now I am struggling to make Amlak pay before 30 Nov - read it won't happen, so I will try to make them pay late payment penalties (if any) coz they accepted all my documents on 18 Nov.

The situation with me is a bit different though coz I asked Emaar for the handover before all the snags are rectified and they give me cut-off date 30 Nov to pay for everything.

I believe that you guys are not expected to pay on 30th

m2, no, we will not pay by 30th... that is really the last thing in my mind...

Update 25.11.09 They are installing handrails on the stairs to the promenade...
http://i50.tinypic.com/24mrk3p.jpg

Hi

After a few calls to Emaar, my understanding of the process /late payment fees is as follows:

1. Emaarr invite you for home orientation
2. Snagging starts
3. Emaar 'Quality' department checks and certify snagging complete
4. When Emaar say snagging is complete Emaar write with their ' handover notification' letter and advise us to make final payment. In this letter they will advise by what date final payment is required and after that date late payment fees will be due (I was advised we get about a week before late payment fees are due).
5. Once all final payments are made, then we must call Emaar to schedule our ' handover ' to sign off and pick up keys etc.

They also said they are not considering and compensation for handover past 30th November. So, as I see it the 30th November date is pretty meaningless contractually

It is really unbelievable that they don't even tell us the new date of handing over, not one single word from these idiots. Not one official statement that November 30th was a joke. Phoning them is useless, if I talk to my dead cat I get the same answer - nothing.

It is really unbelievable that they don't even tell us the new date of handing over, not one single word from these idiots. Not one official statement that November 30th was a joke. Phoning them is useless, if I talk to my dead cat I get the same answer - nothing.

Hey Harry try to relax, we are geting there. I think after the holidays we will know more or at least we can start invading their offices.
By that time I am off to Seychelles and I don't want to know for Emaar
:cheers:

same as the Park Island , still not ready

26/November/2009

Marina Quays

http://i49.tinypic.com/125rq0p.jpg

http://i48.tinypic.com/16c3vup.jpg

http://i49.tinypic.com/2na41as.jpg

http://i49.tinypic.com/219ceuf.jpg

A few years ago Emaar and Nakheel were AAA rated investments, now they have collapsed.

Mohammad Ali Allabar should be down there personnaly trying to save his companies reputation and his own job!

Allabar was fired

? Source?

Allabar was fired

He was fired from his position as a board director of Dubai Investment Corporation and an adviser to the Sheikh. He still holds his post with Emaar but his dish dash is on a shakey nail.



By Haris Anwar and Laura Cochrane
Nov. 23 (Bloomberg) -- Dubai bonds gained after ruler Sheikh Mohammed Bin Rashid Al Maktoum removed the heads of some of the emirates’ biggest companies from the board of state-holding firm Investment Corporation of Dubai.

Sheikh Mohammed fired Omar Bin Sulaiman, the governor of the Dubai International Financial Centre, on Nov. 20 who had led efforts to transform Dubai into a Middle East finance hub. A day earlier, he removed three executives from the Investment Corporation of Dubai, the state-holding company at the forefront of a debt-financed construction drive that collapsed last year.

The third executive deposed from the board is Mohammed Ali Alabbar, chairman of Emaar Properties PJSC, the largest developer in the U.A.E., which is building the world’s tallest tower.

True Blue - you are right. I was reading this line:

"The third executive deposed from the board is Mohammed Ali Alabbar, chairman of Emaar Properties PJSC, the largest developer in the U.A.E., which is building the world’s tallest tower"



I pulled this from the investment thread:

Original Source Bloomberg


Dubai bonds gained after ruler Sheikh Mohammed Bin Rashid Al Maktoum reduced the power of some top executives as he tries to improve investor confidence in the emirate burdened by $80 billion of debt.
Dubai’s five-year Islamic bond, or sukuk, maturing in 2014 rose 0.11 cent to a three-day high of 100.63 cents on the dollar at 7:11 p.m. in Dubai, pushing the yield down to 6.243 percent, Bloomberg data show. Sheikh Mohammed fired Omar Bin Sulaiman, the governor of the Dubai International Financial Centre, on Nov. 20 who had led efforts to transform Dubai into a Middle East finance hub. A day earlier, he removed three executives from Investment Corporation of Dubai, the state-holding company at the forefront of a debt-financed construction drive that collapsed last year. “You might not understand completely what changes have happened and why, but you get the impression things are being done in a constructive way,” said Norval Loftus, the head of convertible bonds and sukuk at the Matrix Group Ltd. in London, which manages $2.5 billion of investments. Investment Corporation of Dubai has stakes in more than 30 companies including Emirates Airline and Emirates NBD, the Persian Gulf’s biggest bank.

Dubailand

The executives removed from the board include Mohammad al-Gergawi, chairman of Dubai Holding, which owns developers including Dubai Properties LLC, Sama Dubai LLC and Tatweer LLC. Tatweer has put on hold a project to build “Dubailand,” a Disneyland-style leisure park that would be three times the size of Manhattan. Sultan Ahmed Bin Sulayem, chairman of Dubai World, a state-run holding company that has about $59 billion of debt and other liabilities, was also removed. Dubai World controls property developer Nakheel PJSC, which has had to cancel plans for a new waterfront development the size of Hong Kong Island. Nakheel has to repay a $3.52 billion bond maturing in December. The third executive deposed from the board is Mohammed Ali Alabbar, chairman of Emaar Properties PJSC, the largest developer in the U.A.E., which is building the world’s tallest tower.

‘Calculated Move’

“This is a very deliberate and calculated move that goes hand in hand with other efforts being made by the Government of Dubai to restore its credibility in the market,” said Chavan Bhogaita, head of credit research at National Bank of Abu Dhabi PJSC, the U.A.E.’s second- largest lender by assets. The emirate wants “to be seen to be taking proactive action to address the serious issues that have affected Dubai Inc. entities,” he said. The ruler earlier this month took direct control over the emirate’s planning and supervisory agency. While Sheikh Mohammed is exerting control over the web of state-owned companies that he used to accelerate diversification away from oil, the deposed executives will keep their corporate positions. Bin Sulaiman stays as vice chairman of the U.A.E. central bank.
The Dubai government is in the final stages of preparing the second half of the bond issue, Alabbar said on Nov. 20. Investors will buy a “reasonable chunk” of the bond, he said. The bonds will be issued before the end of the year, Sheikh Ahmed bin Saeed Al-Maktoum, chairman of the emirate’s Supreme Fiscal Committee, said on Nov. 16. “These developments are positive and in line with a strategy to provide the investor community more comforts,” said Jamil Hallak, head of credit trading at Standard Chartered bank in Dubai.

I went to the P.I. forum to compare what life is like for other Emaar project owners and it looks like their experience is different than for us.

Sure they face the same tribulations about Emaar, confusing (or lack tehereof) statements from Emaar and the flaky handover process.

However, the defect rate and ultimate look and finish of the apartments are quite different. Looks like people are only coming away with minor snags, like poor grouting, some damaged cabinets.

The quality of the bathrooms, for instance, looks dramatically higher (could it be they paid more for a higher-end project? I am not familiar how these were sold.) even though some cite that Emaar stepped down from what was promised. People seem pleased. Here, on this forum, it is virtually everyone seems comparatively unhappy.

It is a little discouraging that the MQ get the short straw... But my perspective is colored by the relative 'moods' of the writer/observer -- and our collective perspective affected by each other. So it may not be accurate.

Any insight from locals who may have seen both first hand? Clearly, compared to PI, our orientations at MQ are taking place on a vastly more cluttered construction site in a much less state of readiness...

On a positive note: we are LUCKY LUCKY to be in the process of handover. Lots of people not so lucky in other parts of Dubai, even with major developers like Emaar and Nakheel. So thankfulness is in order!

^^ That's probably because of the contractor as opposed to Emaar.

I got a letter yesterday Emaar saying they will commence handover process from 30th November strictly by appointment. Does anyone have an idea when the East Block will be ready for snagging and eventually handover.

What is your final conclusion for owners who DID their home orientation? The 30th of Nov is already the next working day from today. I am out from 30th afternoon to the weekend...

Should I wait for one week? I could make the payment one week after (30th + 7 days).. If this f&%$§ are charging me late payment fees, how much would they be?

(ups, posted in PI thread - realizing now that they are in the same shit)

Did you receive your Certificate of Completion? No. Neither did I. According to Emaar's own rules and procedures that would be the correct way. Upon receipt of that letter you can proceed with the last payment.

Once you have received this letter that indicates a certain date in the future (maybe 10 days) then but only then you should take care about late payment fees that will be due after those 10 days...

Has anybody received that famous letter from Emaar regarding "hand over by appointment" etc.? The same that PI owners have received? I did not receive anything.

Has anybody received that famous letter from Emaar regarding "hand over by appointment" etc.? The same that PI owners have received? I did not receive anything.
I got it already. It seems Emaar put collecting final payment as the first priority instead of handing over the property properly!!

Hi Guys,
we have received our Appointment letter, have also made the final payment on Thursday (mortgaged). we also paid our pre-registration fee, Emaar called us and booked us on 6th December for the keys.

Hi Guys,
we have received our Appointment letter, have also made the final payment on Thursday (mortgaged). we also paid our pre-registration fee, Emaar called us and booked us on 6th December for the keys.
Hi Bertos: Great news!! Do U know if your apt has finished the improvement of the defects? BTW, how much is the maintenance charge per sqft have you paid to Emaar?

bertos, congratulations!!!

On which floor is your appartment? So they DO start handing over obviously.

Yes, good question, what about maintenace fees?

Hi,
we are on 2nd floor.
we havent paid the maintenance fee, they told us that we either pay on the day they hand over the keys, or we will be asked to pay later when its decided.
we are hoping that this new date (6th December) is real, and FINAL delay.

btw, They have also promised that all defects and snagging will be completed before we move in. they said, you will not be disappointed when you move in.

They said, you will not be disappointed when you move in.

:lol:

Hi guys,Iam concerned about the economic bankruptcy of Dubai that's bin on the
news lately,is this gonna have a effect on our project? just 1 question out of
curiosity,what if emaar goes bankrupt? can they liquidate our building?
since we haven't been to the land department to get the deed or have it in
our names ? Iam kinda freaked out ! plz give me some advice.tnx

ariantel, personally I am not worried about the shit that the western media is spreading worldwide. "malls are empty", "the palms are ruines" etc.

If Emaar, Dubai's flagship that owns the Burj and all the big malls as well as the Address hotels, goes bancrupt, we can all leave the country and close the airport behind us. They will not let Emaar fail, under no circumstances.

We all know for 1 year now that Dubai has problems mainly because of the property collapse - so the "news" from last Wednesday are no news at all for me. However it is important that we all do the pre-registration and later on the registration at the Land Department. Of course the management of this crisis by Sk Mo and his team has been very lousy. Maybe that will change in lline with the bailout through Abu Dhabi.

Even Nakheel (that has much bigger problems than Emaar) will not fail since it would finish the little reputation that is left.

bertos, if you are on 2nd floor and if they do the snagging from the bottom it will take ages to my 19th floor... I doubt that the entire West tower will be handed over by the end of January...

Hi Bertos:

May I know if Emaar informed you the defects were all fixed before you arranged the final payment or you just informed your bank to release the final payment to Emaar without knowing if the snaggings have been fixed?

I just called Emaar for the status of my apt's snagging. Emaar couldn't give me an answer, but asking me for the final payment should be done on 30th Nov. There might not be any guarantee for the property hand over date if we just pay the money without knowing the proper hand over date. It confused me a lot actually.

Gentlemen,

I own an apartment in the west tower, 25th floor. I have discovered this forum recently and it has been very helpful and I would like to do some contribution.

Today I went to Emaar to see what the heck is going in on. They don't really know when they will finish the snagging, they said end of December.... When I went for the home orientation the guy said no later than 2nd week of December...

The news is that I went to accounts to see what I have left to pay and they gave what will be the maintenance fees: 19,87 AED per sqf.

They gave me just a piece of paper for my information is nothing very official, not even stamped, but you can use it as a reference.

I know through a friend who got his property already in a different development that the maintenance fee must be approved by the RERA (Real Estate Agency Regulatory) so when they give you the fees they must show the total breakdown so you know for what are you paying for and this has to be approved by RERA, otherwise is not legal. In the case of my friend in JLT the developer asked him for 20 AED, but he requested the official maintenance fee approved by RERA, after a while they came down with the price to 17,50 (this includes air conditioning). People who paid the 20 AEd will have to wait 1 year to get their money back or mostly discounted for 2nd year maintenance fee. Just keep it in mind before you pay anything....

I went also this morning to the site and they were painting the west lobby there were no furnitures... I think this area will be fine once finished and proper furnitures are put in place, even though the two white doors to access to the elevators are a joke...

Keep us guys posted with anything that happens during these final days....

Ariantel - Here is how I would think of it

Dubai World owes money to banks and contractors and other creditors across the world

How does a company raise money - if it does not get an outright grant?

How does anyone raise money if they don't get a hand-down from Papa?

Well, you sell your stuff.

Dubai world has huge assets, even today. They could just start selling.

Rumors have emerged this weekend that the Palm Islands would be sold to Abu Dhabi. The proceeds would bail out Dubai World.

Now, Abu Dhabi wouldn't simply push the islands back into the ocean! They would go about developing them, finally..., in order to make a profit and good return on investment.

For owners of the sold properties, there is a chance that the rules could change on the change of ownership, but dramatic moves like liquidation is generally unlikely - especially for built structures like the MQ. I am speculating a bit here, but think logically.

The buyer would only buy the structures that help them make back their investment or that contribute substantially to their brand. They wouldnt mess around with them too much to interrupt the prompt flow of income. Anyway, that is one way to look at it.

Liquidating a running building, which is virtually the state of the MQ, wouldn't make sense to me. However, for an island like Palm Jebel Ali or the world -- all fully sold, foundatins lain, but still an untouched white canvas .... now that's an interesting case. It is like the MQ structure at a much earlier stage. Hopefully they wont make any drastic changes for those owners.

Did anyone try this? Did it work? Any overseas residents make any inquiry?




Approaching your Final Payment? Make it Simple….
With a Flexible New Finance Solution

Developed by Standard Charter Bank for Emaar Properties in Dubai

Asset Back Lending: An easy loan tailored to customers approaching final payments

Overview
• Mortgage on Emaar’s projects in Dubai
• Mortgage plans for projects to be handed over in the next 9 months
• Customers can easily borrow up to 40% finance to secure their dream home

Criteria
•Financing only the final payment due to the Emaar
•Final payment not to exceed 40% of the Original Contract Price or the Valuation (which ever is lower)
•Loan Amount: Minimum AED 100,000 and Maximum AED 2.5 million
•Customers should not have more.....[SEE LINK BELOW FOR THE REST][





Sorry guys ... hang on..! I went looking for it yesterday but got distracted by another email.

http://www.emaar.com/images/Marketing/Fact-sheet%20Easy%20Loan.pdf


Can you all let me know how this works out? And if any non-residents can get this deal, let me know what you said!

19,87 AED per sqft? Makes 25.000 AED per year for 1254 sqft, 2083 AED per month. Really nice. In Germany I could rent an appartment for that amount...

I will go to the tower tomorrow and have a look whether they really do the snagging inside.

I guess they will raise the fee in the greens as well as other developments for the new year...

In park islands it seems it's going up to 18,50 AED per sqf, so I think that most likey the range of prices we will have will be between 19-20 AED sqf we like it or not....

Hi guys,

The service charges are in line with Promenade service fees, which this year were about aed20.96 per sqm. I really dont know about the other Emaar places, but I guess things like squash courts bump up the costs (but obviously not by 5aed per sqft for the whole place!)

I have spent a lot of time with Emaar over the past week and think I have a clearer idea of the situation and how it all works, so here goes:

1) The letter issued to us on Sunday 22nd Nov (think thats correct date). Needs to be passed onto your mortgage company. Your mortgage company will be able to effect the balance payment with this letter (you should not need any other letter). [They will also ask for a letter from you 'no objection letter' to confirm you are ok for this payment to be made to Emaar]
2) Within the next 10 days your mortgage company should make balance payment and issue you with an NOC - allowing Emaar to pass they keys to you on handover.
3) When the 20pct has been paid you need to go to Emaar's accounts department to pay land registry and service charges. Decembers service charges need paying in cash along with land reg, this cost me approx 2900 in total. (1800 service, 1100 land reg). I also had to give 4 cheques to cover next years service charge, Jan, April, July, Oct.
4) Once they have received your balance 20% plus land reg and service fees ONLY then do you get a completion certificate.
5) Apparently you will not be given a handover appointment until you have a completion certificate.
6) The original completion certificate will prob be required by your motgage company, if so get them to give you a copy with their stamp on confirming this is held by them since you may need to prove this in the future. (for renting out, re-sale etc etc)

Hope that helps you all!!

Kaysha

Hi Kaysha: TKS for the update. May I know when will your apt be handed over from Emaar? As I just talked to the project coordinator, the info I had is that Emaar is expecting the completion certificate from Dubai government on 15th Dec. After that, Emaar would be able to hand over the keys to the client. Is that true?

Hmmmmm interesting Formosa!!!

Emaar told me they couldnt give me an exact date as they are awaiting the completion certificate from the government (so at least they are giving the same excuse!). However, I was told the certificate is due from the government the week of 6th Dec.

So again they are giving a very mixed picture!

Hmmmmm interesting Formosa!!!

Emaar told me they couldnt give me an exact date as they are awaiting the completion certificate from the government (so at least they are giving the same excuse!). However, I was told the certificate is due from the government the week of 6th Dec.

So again they are giving a very mixed picture!

That is how I am confused as the DEWA just connected, and according to my experience for the project in JLT, it actually takes long time for the government to issue the certificate as the project has to pass around 4 different government institutions inspection before the final completion certificate. We'd better pay attention to this closely.

Formosa, who is the project co-ordinator you are speaking with? My update is from the Handover department.

Formosa,

Apparently the Government checks have been going on for the past two weeks already, the checks are due to finish this week and the paperwork is being done next week. I spoke to a friend of mine who is a project manager in Dubai and they said the tests they carry out are very basic, checking fire alarms, escape routes ventilation etc etc.

I will chase up Emaar again tomorrow. Not sure what else we can do, but sure enough they arent giving sufficient notice of delays which is very frustrating.

KS

Just received a call from Emaar, my appointment for hand over is January 4th!!!!!!!!

They said, December is fully booked for appointments already... what a joke as usual!!!

I asked them whether the snagging will be finished by Jan 4th and they said "most probably yes, but you will see when you are in..."

I really could not believe to what shit I had to listen to.

And the best: "Maintenance fees are not decided yet but you can pay a lump sum of 25.000 AED, maybe it will be enough, if it is too much you get it back after 1 year"

What do you give me for that shit?

If Emaar is a socalled professional company I don't want to know how the other less professionals are dealing with clients...

It is clear, they know that they lost all reputation and now they can do what they want. And they do what they want.

Hi DH!! Have you made the final payment to Emaar? If no, how Emaar give you the hand over date? Isn't it violating what they have said? If they inform you Jan 4th is the hand over date, they should have the confidence to make sure at least 90% defects are fixed. Anyway, now I am interested in when would be my turn for the hand over.

Just received a call from Emaar, my appointment for hand over is January 4th!!!!!!!!

They said, December is fully booked for appointments already... what a joke as usual!!!

I asked them whether the snagging will be finished by Jan 4th and they said "most probably yes, but you will see when you are in..."


Today they mentioned to me the same crap, that December is fully booked.... :nocrook:

I believe (legally) they are not obliged to complete any snagging before you move in, unless they are things that make the place unsuitable for occupancy. For example if there is water leaking or bare wires, then these need doing before you handover. However minor jobs, like cracks, seals, door marks etc these can all be rectified during the 1 year defect period. Just make sure you clearly document to them all the snags you listed in order that they cant blame you once you move in.

I will do the last payment as soon as the banks are open again, so on December 6th.

I hate to, but obviously it seems to be the only way to proceed. they said, you get yor keys on the mentioned date provided that you paid everything. I do enough time now.

Formosa, who is the project co-ordinator you are speaking with? My update is from the Handover department.

Mr. Moh'd. I am not sure about his full name. I believe he is also from hand over dept!!

I went to Emaar this morning to get an update:

- They told me my apartment is NOT ready after my snagging at home orientation
- I told them that I have three pages of snagging list, they replied that this takes easily 3-4 weeks at least
- They also told me that I do NOT need to make the final payment now unless all changes are done! As such, we agreed that I'd come first week of Jan to make the final payment in order to possess shortly after
- They even told me that it wouldn't make any sense to make the payment now since handover appointments are booked out by 20th of Dec, so even I paid now, I can possess earliest late Dec.

Just FYI...

I went to Emaar this morning to get an update:

- They told me my apartment is NOT ready after my snagging at home orientation
- I told them that I have three pages of snagging list, they replied that this takes easily 3-4 weeks at least
- They also told me that I do NOT need to make the final payment now unless all changes are done! As such, we agreed that I'd come first week of Jan to make the final payment in order to possess shortly after
- They even told me that it wouldn't make any sense to make the payment now since handover appointments are booked out by 20th of Dec, so even I paid now, I can possess earliest late Dec.

Just FYI...

Thanks Tightness,

Glad there's no panic to pay by today.

I just came back from HSBC in Bur Dubai where I went to get my account sorted out in order to make my final payment to Emaar. There was a line-up outside the door and my ticket told me I was number "254" to be served and to expect a waiting time of "456" minutes. Needless to say, I didn't wait and Emaar won't be getting their money today.

Just another pleasurable day of doing business in Dubai :bleep:

Nevertheless I will pay before I leave for Christmas.

bertos, I am very excited whether you will really get your keys on December 6th...

I just came back from HSBC in Bur Dubai where I went to get my account sorted out in order to make my final payment to Emaar. There was a line-up outside the door and my ticket told me I was number "254" to be served and to expect a waiting time of "456" minutes. Needless to say, I didn't wait and Emaar won't be getting their money today.

Just another pleasurable day of doing business in Dubai :bleep:

Why is HSBC so busy?

HSBC should employ more counter staff.

Yes, you better change your bank:-) That is not acceptable, not even in bloody Dubai.

Why is HSBC so busy?


Everyone is trying to get their money out of Dubai - they no longer trust 'guarantees' by the government.

Hello everybody, I paid my apartment cash, the last payment was made one year ago.
I contacted emaar who doesn't know when my apartment will be delivered.
They cannot either supply me the certificate.
I come to Dubai the 18th December specially for the handover but to my opinion Nothing will be ready.
It is incomprehensible, nothing is logical...
Fortunately dirtyharry was here for his help for the CHO...
According to you, which is the most real handover date for Quay West?

tinoudubai, since my appartment will be handed over on January 4th (19th floor) - around 6 weeks after my tour - I guess that the handing over of all appartments will be completed by the end of January. Imagine, around 270 appartments only in West have to be snagged and handed over - November 30th has never been a realistic date considering the bad finish and the corresponding snagging that has to be carried out.

Hi,
i was also in Emaar today, they told me that they dont have certificate of hand over from Dubai Civil Defence yet, they are expected to get it on 6th December, they said if they provide us with certificate, then we will let owners who are booked in December to move in.

Why is HSBC so busy?

HSBC should employ more counter staff.

They're all equally bad here. I really think there was a bit of a run on the banks today. Lots of people withdrawing...

Dear XXXX,

Please see our response as below:

A: West Tower Lobby will be finished with various fixtures including art work, paintings, lamps, etc.
B: a) Project name plate currently installed at the main access (in front of security room) is temporary while permanent signage will be installed shortly.
B: b) Flower bed area can not be converted into fountain, there are other structures underneath. The current flower bed is the final finish. Please note that different projects have different designs and can not be compared to other designs.
C) Planter in front of Marina Quays are out side the plot limit in the service corridor that is full of services, it is not possible to have lot of trees. Again, please note that it is a different project and different design then Sahab.
D) All apartment snags are already rectified however our consultant are re-inspecting apartments floor by floor and any final touch-ups will be completed before the handing over.

Should you have any more concerns, please do not hesitate to contact us.

Prince Fahad
Manager, Projects
Emaar Properties PJSC

D) All apartment snags are already rectified however our consultant are re-inspecting apartments floor by floor and any final touch-ups will be completed before the handing over.



All snags are rectified? What does the term mean? As in "done"??

Yes... same as done... however I guess that is only valid for formosa's appartment.

Yes... same as done... however I guess that is only valid for formosa's appartment.

Actually, it is improving, yet still far away from all apt snags are done!!

So they will install a new name plate?

Hope so! The present one is really cheap and lousy.

So they will install a new name plate?

Hope so! The present one is really cheap and lousy.

That is why I send Emaar letters to remind them every one or two days!! HAA. Anyway, we all have the responsibility to make sure our community has a reasonable quality since we are paying no less than any other emaar projects in Dubai marina for the maintenance fee.

Having had a quick sneak in on Saturday
-- i think the DCE "STAMP" is well and truly evident here
-- shame this isnt like Marina Promenade -it could have been so nice
-apartmnets over water high up have great views
-- 3 months to handover ?

That is why I send Emaar letters to remind them every one or two days!! HAA. Anyway, we all have the responsibility to make sure our community has a reasonable quality since we are paying no less than any other emaar projects in Dubai marina for the maintenance fee.

Absolutely correct! their last guess was 19-20 AED per sqft, eventually 1 AED more than Park Island...

Hi, we are a professional couple looking to rent a two bed apartment in Park Island starting at the beginning of Feb.

Please PM me if you are interested.

Thanks

UPDATE 03.12.2009

I couldn't resist and had a walk around and up to the 19th floor...

West lobby
Final version now... same brown leather sofas from the 70s and fabric beige chairs, 2 small carpets, 3 pictures, 4 flowers and 2 lamps and some coffe tables... better than before but not at all luxurious. Lobby floor and walls have been snagged and painted.

Level 2 and 3
Common room is ready... 1 table tennis and 1 group of same chairs, sofas and funny lamps as in lobby. Gym equipment has been moved to the gym but not yet installed.

Podium and pool deck
fences around pool complete... when you swim it will feel like a jail:-)
benches installed around the sun bed area, but no sun beds yet. Doing the stairs to the podium now. Still lots of work left

Appartments
All appartments open, in some there were 8 guys (in Ossis appartment:-)), however 5 sleeping, 2 holding hands, 1 painting the wall - bad ratio.

In mine the holes in the wall were stuffed with some silicon (!!!) and some bathroom tiles were replaced - nothing else done. Wood has been polished in some appartments but obviously not much replaced since deep cracks are still there but supposed to be ready and "snagged".

Parking
Very dirty and some parts of the walls are moulding already, seems not to be completed...

Windows
Cleaning has been done but in what a lousy way!!!! Maybe they used the same bucket of water for all 39 floors...

East pier
Flooded again with water... don't know what they are doing there.


Guys, I will not go there anymore before I fly home for christmas... gives me too much headache and I want to enjoy my boiled wine "Gluehwein" in Germany...

I am very much excited for January 4th when I am supposed to receive my keys.

May god bless us all...

View fro 19th floor. We have a nice second pool around pier East...
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View from 19th floor... 12 men "working" on stairs to the pool
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UPDATE 03.12.2009


Appartments
All appartments open, in some there were 8 guys (in Ossis appartment:-)), however 5 sleeping, 2 holding hands, 1 painting the wall - bad ratio.




AHAHAHAHAHHAHAHAAAAA! "Bad ratio" !!!

I think here still need few more months , not enough workers there!

04/December/2009

Marina Quays

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View fro 19th floor. We have a nice second pool around pier East...
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I think its ok with the east pier, looks like they are just removing the land slowly so they can see if all is ok, no point to move all and then find a big problem....

They were installing the new name plate today, loooks better than the old one:)

It seems that step by step we are getting there.... Has anybody received the keys yet? I recall some in the forum was planning to move in before the snagging is finished. Do you know if there is anybody living there yet?

bertos was supposed to receive the keys today...

Let us know please... I am wondering whether the lifts are working now.

I went to the site 2 day, spoke to the new security guard who sits at the front entrance, says he started 4 days, which is a good sign.

He says one person has moved into west today with his family, and few more are to move in 2morrow.

Went into east and saw my apartment, i dont think there be much snagging to be done in east, as most of the work in the apartments has been completed in past 3 months.

I just hope we I can move in by Feb rather then end of march or april

Does anybody has confirmation on the maintenance fees? PI owners have to pay 18.57 AED per sqft (with or without balcony?).

^^^^

Harry - maintenance fees for PI do not include the balcony area, they are only unit area.

Thanks for the information. At least some good news...(if you have a large balcony:))

I went to the site 2 day, spoke to the new security guard who sits at the front entrance, says he started 4 days, which is a good sign.

He says one person has moved into west today with his family, and few more are to move in 2morrow.

Went into east and saw my apartment, i dont think there be much snagging to be done in east, as most of the work in the apartments has been completed in past 3 months.

I just hope we I can move in by Feb rather then end of march or april

This is good news, if anyone from the forum moves in please let us know your first impressions.

Cheers

Hi!! Harry: Maintenance fee for Marina Quays is around 19.87AED/Sqft.
BTW, Emaar hasn't released the key to any owner at the moment; however, they do allow few clients to shift their furniture to their apartments earlier.

19,87? That is even more than for PI... very nice.

Yes!! It is more than PI. Really no idea how Emaar conduct the calculation!!

Is it the A/C supposed to be included in the maintenace fee? does anybody know if this is the case for Marina Promenade or other residential towers by Emaar in Dubai Marina?

Regarding people moving in, I was in Emaar yesterday, talked to the assistant manager for handover. He said that no one can move in before they get the certificate from Civil Defence. They are expecting it every day (same story as for DEWA earlier).
I think that is really the only obstacle for West owners who paid all the fees to move in (obviously if they are willing to move in without snags being rectified)

Chiller fees should be included in the price for the maintenance. If not this will be the highest maintenance charge in the whole of Dubai

Yes!! It is more than PI. Really no idea how Emaar conduct the calculation!!

Well PI does have more units so the costs are spread among more people. Both developments have a similar level of facilities - pool, gym, squash courts, security hut, etc.etc.

Dear Sir,



the Service Fee rate of AED 19.87/Sq Ft. is set for Dubai Marina Quays.



Should you require any further clarifications, do not hesitate to contact us.

Kind Regards,



XXX XXXX

Finance Executive (Community Service Fees)



Emaar Properties PJSC

Dear Sir,



the Service Fee rate of AED 19.87/Sq Ft. is set for Dubai Marina Quays.



Should you require any further clarifications, do not hesitate to contact us.

Kind Regards,



XXX XXX

Finance Executive (Community Service Fees)



Emaar Properties PJSC

Someone mentioned that this amount might be corrected? Or is this final final?

It won't be corrected... it might be increased next year:-)

In any case, it is much too high. Ok, I have not expected any favour from Emaar due to bad finish and 22 months delay.

Ok, I have not expected any favour from Emaar due to bad finish and 22 months delay.

I think so, too, that they wanted to be consistent with their series of embarassment.

Someone mentioned that this amount might be corrected? Or is this final final?

Just a note for everyone regarding service fees: the rate will ultimately be set by the owners of the units in the building. The developer (Emaar in this case) manages the building until the homeowners association is established. The homeowners then can elect to change or retain (within certain contractually prescribed processes) the company responsible for the maintenance and supervision of the building. The service fees go to a fund to pay for these things, plus to a sinking fund for future expenses for plant maintenance, etc.

In our building, Marina Mansions, the developer (Al-Sondos Group) had proposed a year ago to raise our fee from AED10/sf to 15. The homeowners got angry with this increase as we had not seen the building's financial recordds and had no say in the decision, and someone began organizing the owners. When the developer saw we were organizing, they began the process of establishing the homeowners association. The first meeting about a year ago was quite raucus with a lot of shouting. In the end, however, we proposed, and the developer agreed, to delay increasing the fee until the newly established board of the homeowners association had a chance to review the books and evaluate what the fee should be.

At the second meeting, a month or two ago, the homeowners, at the recommendation of the homeowner's board, voted overwhelmingly and calmly to increase the fee from 10 to AED15/sf, allocating AED2 or 3 for the sinking fund. I unfortunately couldn't attend and sent my accountant to the meeting instead, but I understand that the homeowners board did their homework very well and were satisfied with the increase.

I certainly don't like to see my fees increase 50 percent, but at the same time I want to be sure my building is managed well and is prepared for the day when an elevator has to be replaced or the pool begins leaking or the a/c chiller is broken. I think we're pretty lucky in our building that we have a lot of engineers and business people who wanted to be on the board and spend time reviewing these things. I'm grateful to them for their time.

Perhaps we can all learn from each other, though, on the best way to establish and manage a homeowners association. If every building with freehold properties does this--as they are supposed to per the strata law--there will be hundreds of such organizations. I imagine there will be best practices and practices to avoid. Perhaps there is already a forum for the discussion of such issues, or perhaps one could be established here if none has been.

jsmith6: Excellent insight - thanks for the report. thank you!

Latest info from Emaar - they are starting handover from 20 Dec.
At the moment Civil Defence is on site, they promised the certificate will be issued on Thrusday. Emaar gave some buffer time and they booked first people on 20th Dec.
All of this is obviously conditional of geting the Civil Defense Certificate before 20 Dec

Just coming back from Emaar... I must admit, if you have to pay something to them, they can be incrediblely quick!! It took me just 7 minutes to pay the last installment and the pre-registration fees!!!

20th December only? So I will not be the last one to move in on 4th January...

They booked me for 21 Dec, so if Amlak pays the last instalment by then, everyone is invited to take part in the demolition of bathrooms and kitchen :)

The certificate due on thursday from civil defence, is it for all of quays or just west?

Just received phone call from Emaar... they cannot confirm hand over of my appartment on January 4th since they are not sure that this certificate from Civil Defense will be obtained by that... they expect December 20th, but if they find some safety issues it might take another few weeks...

But did I really rely on their statement?:-) Have a guess!

The certificate due on thursday from civil defence, is it for all of quays or just west?

I don't have an idea to be honest, I guess it is for the whole project since they couldn't handover West before because of the common systems

Apparently it was always the plan to hand over one block at a time, starting with the West Tower. My understanding is the civil defence certification is just being carried out for the West Tower.

Now the question is how long will it take civil defence to complete the checks!!?? My understanding was the checks would all be completed this week, but I dont think Emaar even have a cluse what is going on!

Of course they do not have a clou... remember, I told you a few weeks ago to watch out for a nice hotel for the time being... even hand over in January is now not sure.

Just passed the site, the new name plate has been unwrapped, they installed cameras and huge sign boards with "Parking" and "Exit" above the entry and exit lanes...

Guys, Emaar is now creating problems with me again. They are telling the bank I have to make the final payment. My bank is telling me "do it, otherwise you face late payment fees".

If I pay the final instalment then I am also subject to start paying my mortgage principal (I am with an Islamic bank so I will only have paid accrued interest).

Does anyone know if Emaar is able to ask for late payment fees if the project is not even officially handovered (see civil defense certificate)?

Any advice from your side?

Tightness,

I've been reading these forums for over a year, although this is my 1st post. I've got an apartment in Quay North.

I recently emailed the property handover dept about the same issue - will I get charged late fees if I don't pay now. The money itself isn't the issue, but I do have a real problem with giving them the final payment when I know the apartment isn't anywhere near ready. I haven't even been called to schedule the orientation tour.

Anyways, I got a phone call 2 days ago and whoever I spoke to told me it was "no problem for me to pay right away". (Of course!!:nuts:) I told the guy I understood he wanted his money, but that at this point there was no product ready!!! So he did then say it was OK to delay the final payment and there would be no late fees. I said I wanted this in writing. He said he would have to ask his boss and call me back.

The following day another gentleman called and assured me that Emaar is NOT charging late fees or interest right now because of the delay they are facing with DEWA (this was the excuse he gave me). However, he said he could not give me anything in writing stating this. I am paying cash though - so I don't know if the fact that I don't need to deal with a bank makes a difference. He did ask me if I had a mortgage. His name was Akbar if you want to try and call the Property Handover Dept and get verification from him.

He said that I would probably be receiving a call in 2 weeks (I doubt it!!) for the home orientation tour and at that once the orientation was done, THEN I could do the final payment.

ETA - I am not sure what the case would be if the home orientation has already been done. In my case, I haven't been inside my apartment yet... Further clarification is certainly needed from Emaar!

being realistic i think that handover will start in late jan...

this certification HAS to be for the community, i don't believe it can be issued for 1 building... therefore, East and North need to be ready before... just my guessing...

good luck to us all! emaar will do whatever they want with us, so always go to the worst scenario possible when you have to make decisions...

Latifa: See, there is always a first time!

Great post, thanks for your insight here. I also have problems to get this in writing.


Anyone else on this matter?

Latifa: See, there is always a first time!

Great post, thanks for your insight here. I also have problems to get this in writing.


Anyone else on this matter?

Case A: If your bank release the payment now you will start paying like 1,500 AED in your installment (at least in my case), otherwise you will avoid this till handover. Additionally If they do not handover during Jan I will need to find a nice hotel like DH did. So consider worst case scenario as Boludo says.

Case B: You hold your last Emaar payment till handover (putting some 'pressure' on them) and count 50% of chances of being charged by late payment fees, which I guess will not be more that the bank rates.

I prefer case B definely. Just my point of view and what I am doing.

Right, late payment fees are set at

1% of the outstanding amount (i.e last payment instalment) per month to be paid on a daily basis.

For example: last payment is 200.000 Dhs (which it is app)

1% of 200.000 Dhs = 2.000Dhs divided by 30 days = 66 Dhs per day. Am I right?

In any case they should not charge any late payment fees with the delay - we do not have even all certificates.

My point of view re payment

1. If your apartment is mortgaged (specialy in case of Islamic finance) it make sense to pay now and not risk any penalties (eventhough they are not that high) since you are anyway charged interest even if you are only waiting to get your property. The extra amount you will be paying against the principal at the beggining is minor anyway

2. In case you are paying cash from your own pocket it makes sense to hold the payment since that money in the bank will generate some interest and it is always better top pay later, so in that case I would take a risk for the late payment penalties

Now, if you decide to make your bank pay you may end up with bank refusing to pay before all the snags are being rectified and before they can actualy inspect the property (that is the new rule with most of the banks).

I am currently going thru another battle to make Amlak pay. They were very reluctant to pay since as they have said the project is completed "only 99%".

And also don't forget that I managed to get Early Handover Notification from Emaar which they stop issuing after two days and only couple of owners got it. Without that letter there would be no way to make Amlak pay

Hope this makes things bit clearer

Guys, I am just thinking where we are now:

Do you remember our fears that West will not be handed over separately because Emaar never did this before? I come more and more to the conclusion that they may wait indeed until East and North are ready as well. Orientation tours, delays, DEWA, Civl Defense, all this shit I cannot hear anymore but it fits well in the probable original plan to hand over all 3 towers together... they kept us quiet and kept the last hope alive.

Maybe I sound like Fox Moulder in the X-Files but I give you one more hint:

Currently they are repainting the parking bays, the columns, the common areas and they are just about to adjust the electrics in Lobby West. Do you really think that they have ever intended to let someone move in and walk around whilst carrying out this work? Never ever!

Agree with DH... sorry!

To add some flavor on the payment issue... it's actually a sad story...

1) I went to emaar and talked to a lady from handover. An indian lady, don't remember her name. She said that i didn't have to pay until i do the orientation. So far so good...

2) Then i went to finance to confirm, and the girl, after asking her boss, said that i had to pay by 30th of november.
I said the contract says "20% upon completion", so where is the f***ing completion??? she didn't have an answer... anyway, same old same old...

3) Then i went to see Maya, a nice girl from Customer Service.
She first sayd that i had to pay because that was the instruction in the handover letter we all got...
I asked why the hell do i have to pay if it says "completion" and it's not completed... and i pointed out that the handover letter was about handover... and where is the handover?????

she then said "you know what, it's ok, don't pay until you do the orientation"
Of course, not in paper, just nice talking...
Again Emaar is the result of useless people gathering together and competing to see who is the most useless... so what could we expect...

Anyway, I agree with Carbajal: do not pay and hope for the best.
Amen brothers!

gGys, with regards to final payment, I have paid the rest yesterday. Not paying does not help any further nor does it impress Emaar in any way. They are not acting as a private company, they are acting as an authority and if you pay now or in 2 weeks, where is the difference? You don't get interest anyway.

Have been quickly to the site today and they are working... cleaning up, doing electrical, installing signs, snagging teams in the appartments (saw from outside), so at least something is going on. West lobby is completed, the security was instructed today how to use the electrical board behind him.

Guys, do your last payment. You have to do it anyway in due course! My mortgage bank gave me the manager's cheque after 15min, then I went to Emaar to pay with the cheque (last installment plus 3000 AED preregistration fees in cash or with debit or credit card), and Emaar's receipt I brought back to the bank, so why do your banks make such a story out of it? It is YOUR money, not theirs, whether the appartment is 100% ready or not. It is your decision when to pay.

Hi,
sorry for not replying to msgs, lost my password, took sometime to get it back...
Yes, we have moved in out stuff bcuz Emaar made us homeless, but we are not allowed to move in yet... Emaar keep giving us dates and then calls and postpone the hand over...

bertos, have they done the snagging in your appartment?

Yes, they have finished 95% in our apartment, only few minor changes r pending.

Yes, they have finished 95% in our apartment, only few minor changes r pending.

Bertos, after the snagging, would you say the quality is good? are you fairly happy with the final result?

cheers

Yes, they have finished 95% in our apartment, only few minor changes r pending.

That sounds quite reasonable - but depending certainly what you have expected now post-snagging ...

Mabruuk!

Bertos - there are about 45 of us anxiously waiting for your results. What a cliff-hanger...

Hi,
i am happy with the outcome, but its not to perfection, i am promised that more work will be done once we move in. Our snagging is probably the one of the easiest for them bcuz we didnt have any broken tile or anything major...

got a call from Emaar, Sunday 13th Civil defense is confirmed, after their visit, they will start handing over, we should expect handing over to start from 20th dec ( its my guess).

DEWA should be there, lights ON all balconies

DEWA should be there, lights ON all balconies

Or just testing from generators?

11/December/2009

Marina Quays

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DEWA is there for 2 or 3 weeks already...

I managed to enter my flat today. Almost all snags are rectified. They didn't do only tiles and plastering around balcony door. It looks much, much better than before. The guy from DCE there confirmed that Civil Defence Certificate is coming on Sunday for sure.
So guys it seems that is it, get ready...

Security officers are fully operating now in 2 shifts (8am-8pm).
i have met 5 of them so far, they all are nice and speak well English.

sign boards all around the building (west) are installed. all parking walls are being painted again. i am not sure whats happening around the piers.
AC, lights and water are in place from Dewa.

OK, sounds good... let us know when they let you in...

Hope Emaar can really get the certificate tomorrow!!

I have also been told by both Emaar and DCE that Civil Defence have reconfirmed for today.......however now its raining that could change things (seems any excuse is enough to delay!!).

If civil defence find some minor issues that need changing, Emaar will provide a letter of undertaking to enable the certificate to be issued without delay. We shall see, I am certainly not holding my breathe anymore when it comes to Emaar.

I have to say the DCE guys and the Emaar guys on site (at Quays) are extremely helpful and I have been 100% pleased so far with the service provided. Just wish I could say the same for Emaar management/handover dept!! (Having told them I was homeless as of Friday, their answer was 'its not our problem we dont really care' - great customer service!!)

Just visited Marina Quays today. Civil Defense officer was there for the inspection. However, one of the Emaar project managers told me that the whole procedure would probably take around 1 week. Let's see and I am not ready to leave Emaar any buffer as well!!

Well at least they have turned up - I am totally shocked! I really thought they would cancel given the weather! Finally a little positive news!!

Now we just have to see if it passes all the tests!!!

So no news before 20.12.

Anyway, I am on holiday in Germany, having lots of mulled wine and not missing the confusion down in Dubai.

Guys, we are getting closer. In January we will all have our keys.

Hi guys we have been calling emaar everyday and visiting them almost everyday. We're pushing really hard and not letting these last days go easy for them as they've made these past years a nightmare for us! I'm SHOCKED that civil defense is there today with the weather I knew it would be a great excuse to delay it again!! I agree DCE has been very helpful and cooperative... Today hopefully we should find out about more dates and as soon as we find anything out we'll post it

I spent several hours with Emaar last week again pushing for answers.......with of course no joy. I will again visit them today since I am not prepared to pay for a hotel as a result of the problems they have caused.

Its very frustrating that my furniture etc is in the apartment but I am not allowed to sleep there!

There is a rumour that Thursday may be holiday this week (instead of Friday) so need to keep on the pressure in order that they dont go on mental holiday mid week!!! (Although not sure any of them have many active brain cells at the best of times!!)

Harry when did you pay your last instalment before or after 30 Nov? In case you paid after 30th did they charge you with any late payment penalties or not?
Amlak paid for my apartment on Thrusday and I got receipt from Emaar today with a balance of 650 AED to be paid for the late payment penalties (1% monthly).
Any other experiences welcomed

Emaar were claiming False Majure as the reason for delay in completion (as of my discussion Thursday 10th) as such do not believe they have the right to charge late payment when the building isnt even ready! They really are trying it from every angle arent they!

Back in Nov, when they were unable to give clear dates of completion/handover, they said that no late payment fees would be implemented. I know they have said this to many people, maybe someone has it in writing for you to back your case.

Harry when did you pay your last instalment before or after 30 Nov? In case you paid after 30th did they charge you with any late payment penalties or not?
Amlak paid for my apartment on Thrusday and I got receipt from Emaar today with a balance of 650 AED to be paid for the late payment penalties (1% monthly).
Any other experiences welcomed

I just checked online in the 'emaar eservice' and although my bank paid the last installments on December there are no 'late payment fee' in 'my financials'. M2, Have you checked online, is it appearing there as well?

This is just a bad joke.... you have paid, there is still no handover and they want to charge late payment fee when Emaar has been so delaid for completation and made us loose so much money in rent and interest because of this....

I got a call back from Emaar re handover, they told me they will handover after they finish snagging (still in progress he said) and they get civil defense approval... I asked for a formal date and they gave me end of December, I moved to beginning of January since I will be on holidays, got final handover date on the 4th of January... however, without civil defense approval these dates are garbage....

Good luck all...

m2, I paid the last installment (20%) on December 8th. No late payment charges. Contract says clearly "on completion", so I should get some interest from them because I will have my appointment only on January 4th!! Subject to Civil Defense certificate...

Actually it is unbelievable that after 22 months of delay THEY talk about late payment fees. If I tell this to my friends in Germany they send me immediately to the doctor!!

I have just been down to Quays and the tests were done, now the government go away and 'decide' whether the building will pass!! ODD!! Some word is its passed some word is it failed!

I called Emaar and the guy I spoke to said 'aww your apartment is ready for orientation'.....they are really up to date as that happened over a month ago! I then informed them I have even moved into Quays but have no permission to sleep there! He then didn't have a clue about government tests etc so had to explain that (unreal!!!) He then finally concluded he didn't have a clue! Then said phd have gone home.

So the long and the short is no one has a clue what's going on....what's new!!!

I have just been down to Quays and the tests were done, now the government go away and 'decide' whether the building will pass!! ODD!! Some word is its passed some word is it failed! I called Emaar and the guy I spoke to said 'aww your apartment is ready for orientation'.....they are really up to date as that happened over a month ago! I then informed them I have even moved into Quays but have no permission to sleep there! He then didn't have a clue about government tests etc so had to explain that (unreal!!!) He then finally concluded he didn't have a clue! Then said phd have gone home. So the long and the short is no one has a clue what's going on....what's new!!!