Name: Flamingo Tower
Location: Jumeirah Lake Towers
Plot: ?
Floors: 40
Height: ?
Construction Start: 2004
Construction End: 2006

Developer: Nakheel

http://www.skyscrapercity.com/photopost/data/503/11020Flamingo_Tower.jpg


Nakheel announces launch of 'Nakheel Flamingo' at Jumeirah Lake Towers
Nakheel, the property developer who has conceived some of the most unique and iconic projects in the Middle East region has announced the launch of its new tower 'Nakheel Flamingo', a second high-rise waterfront residential complex at Jumeirah Lake Towers, due to the rising demand for such residential options in Dubai and following the successful debut of a similar project, 'Nakheel Falcon', a few days earlier at the development.

The new 40- storey tower complements other Nakheel owned properties in Jumeirah Lake Towers development with 254- one, two and three bedroom apartments giving investors an unparalleled lifestyle in the trendiest district of Dubai, Jumeirah. The new high-rise property development joins 78-towers that will line the Sheikh Zayed road redrawing the Dubai Manhattan. The apartment units in Nakheel Flamingo go on sale from today.

Announcing the launch, Sultan Ahmed Bin Sulayem, Executive Chairman of Nakheel said: 'Nakheel Flamingo will be a spectacular addition to the development as this new high-rise will enhance the ensemble of Jumeirah Lake Towers and reflect the transformation of Dubai. The tower follows a distinctive theme in the form of sculpted Flamingos on its frontage and will stand out from the clutch of other high-rise buildings in the development, crediting a way of life that is futuristic, successful and stylish.'

Customers can choose from a range of one, two or three bedroom apartments in Nakheel Flamingo with an option of different sizes depending on the floor on which the apartment is located. The tower also has a three-storey underground parking facility that will provide parking for up to 400 cars, in addition to extensive retail facilities located at its base and an ultra modern health club situated at its rooftop. The apartment high-rise lies in close proximity to Jebel Ali, Abu Dhabi, Dubai Media city, Dubai Internet City and other signature developments by Nakheel, the Jumeirah Islands, Discovery Gardens, Jumeirah Village and The Gardens Shopping Mall.

'The project is developed with the aim of bringing a community spirit to high rise commercial and residential living. By grouping the very basic amenities of a modern lifestyle in close proximity, Nakheel has yet again demonstrated its resourcefulness in developing property that is attuned to the needs of the investor. High-rise living in Jumeirah Lake Towers promotes security and camaraderie among its residents, who will be additionally pampered with the aesthetics and exclusivity of waterfront living through Nakheel Flamingo,' said Bin Sulayem.

The Jumeirah Lake Towers is located adjacent to the Sheikh Zayed Road between Interchange 5 and 6, comprises of 26 clusters, with each cluster having three towers. Clusters on the development are completely sold out. Each investor would then construct a tower on each plot within the cluster, to be used for residential, commercial or retail purposes, under the guidelines of Nakheel. An impressive 55-storey tower will be the centrepiece of the entire community and will house a hotel, a gold and diamond centre, which is managed by Dubai Metals and Commodities Centre (DMCC).

getting pretty much right now
again no plot and the same text :(
at least a nice tower

Added today to ss.com

getting pretty much right now
again no plot and the same text :(
at least a nice tower

It's a press release, of course the text will be the same

so beautiful... :)

could someone contact Nakheel for a height???

done :)

contacted them once more
just for fun, who knows

this one is located on plot G3

falcon in the background, flamingo in the foreground
http://tinypic.com/5kkjgi

http://tinypic.com/5kkljn

the base
http://tinypic.com/5kklls

Nice model!!!

Is this building nearly done?

not even under construction yet :D

Havnt even rised yet, I guess.

Nakheel... :sleepy:

24/May/2007

FLAMINGO TOWER plot from the Almas Tower

http://i17.tinypic.com/4yov77o.jpg

I think the Nakheel sold this plot to the Al Fajer , so NEVER BUILT

^^ Obviously .. as any other tower by them or DMCC (except Almas, AU and AG)

Date: Tuesday, April 22, 2008

Category: Real Estate For Sale

Region: Dubai

Description: Latest launch at JLT.....From the makers of Jumeirah Business Centre

PLOT: G3 at JLT - AL FAJER Property:bash:

SP : 1636.35 per sqft
Area 13,948.3 sqft
==========================================================
PAYMENT PLAN:

5% PAID

5% - 15thJune.2008

10% - 15th September. 2008

10% - On Completion of 10th Floor

10% - On Completion of 20th Floor

60% After Completion (Early 2011)

What about the people who may have bought in the original tower? or u reckon no one did buy?

^^ Sure people bought. They have been left out on a limb, so to speak. They have been left in limbo for years--being told this and that and finally being left with nothing. Nakheel would have passed them on to DMCC who would have passed them on to Al Fajar, who would have dropped them like a hot egg.

take a look here:

http://www.skyscrapercity.com/showthread.php?t=138300&page=3

letter from DMCCA Falcon Flamingo Tower cancellation

published: www.dubai7stars.blogspot.com
http://dubai7stars.blogspot.com/2008...riah-lake.html


Thursday, August 21, 2008
Whats going on with Projects Al Fajer Properties Jumeriah Lake Towers - Scandal ? - Dynasty Zarooni
posted to 7starsDubai by:

Rohit said...
I have recently bought an office in the ebony tower through dynasty zarooni.

They have been advertising heavily in Gulf News recently.

I want to warn all my fellow investors to beware of the contract that they are signing with DZ. If you check the website of Al fajer Properties, floor plans of their typical floors does not exceed 11,300 square feet, as per the spreadsheet attached to the MOU of sales between Dynasty & Al fajer where clearly sellable area has been mentioned. however Dynasty without any legal grounds and any such permission is adding 30% to the area and are currently selling and advertising even on the web for the floor area to be 14,664 sqft.

So on handover of the property the buyers will be in for a shock and dynasty is no where to take responsibility because they take their premiums out of the contract long before.

I have made enquiries neither the developer Al Fajer Properties nor DZ has an escrow account, please advise what legal action can I take at this stage?

Rohit said...
I recently booked an office with Dynasty Zarouni in the highly advertised Ebony Tower.

I have been baffled ever since I bought it because my office space as per my contract is 14,664 sq ft and I came across a shocking document of MoU signed between DZ and Al Fajer Properties along with the spreadsheet of sales and floor plans which clearly states the floor size to be 11,300 sq ft. This difference roughly amounts to be 30% and is an indigestible difference.

Transparent calculations have shown that DZ has already or in some cases is currently receiving premiums from the contract.

The part that sends a shiver down my spine is that DZ does not have an escrow account

With the kind of scams going around these days, I have a series of questions starting....1)

What happens if Al Fajer is telling the truth about the floor space and DZ isn’t2)

How do we get re imbursed... blah blah... especially if there is no escrow3)

Who is Hilal Zarouni and Kabir Moolchandani4)

Why is Gulf News mis representing the facts. Isnt it a very credible news source? 5)

What is the procedure for taking legal action! Alot of things don’t make sense here and I hope I can find some answersThere is a big “IF” attached to my presumably new office set up i.e if DZ is not a total hoaxIn one case, I m losing quite alot and in the second one I stand to lose everything.

Confusion!


13 August, 2008 10:38

read more:
http://dynastyzarooni.blogspot.com/

Another Post to 7starsDubai 21.August 2008

Comment:
Please check dynasty zarroni for me....I booked a masive office with them and all they do is make me run around...

I have paid my agent to get the story straight.
They published fake pictures in gulf news.

Please check my company's blog listed below:

www.dynastyzarooniscam.wordpress.com

I need help.







send 8/21/2008 0 comments

Labels: Al Fajer Properties, Jumeirah Lake Towers, Property scandals Dubai, Rera property laws Dubai


Tuesday, August 19, 2008
Having an invested interest - Banking & Finance - ArabianBusiness.com
Having an invested interest - Banking & Finance - ArabianBusiness.com:

"Jones Lang LaSalle Hotels chief executive Arthur de Haast looks at the region's hotel investment opportunities and explains why greater transparency is essential for the sector to progress.

Who is investing in the Middle East hotel sector at the moment, and where?

The main players are from within the region, and within the region the UAE remains a significant source of capital, so not only are they investing significantly within the UAE but also right across the region - they are the major players. We don't see much change in that in the hotel sector for the foreseeable future."

I think at the moment it's very much a developer's market, so it's the developers who are investing to develop the product.

Now some of those developers are going to reach a point over the next 12 to 24 months where they're going to think, ‘I've done my development, I want to sell out now and move onto my next project rather than be a long-term holder', although there will obviously also be developers who will hold assets for quite some time.
But at the moment one of the challenges regarding the investment market here is that there's actually very little investment market product; there's lots of development activity but very little investment product - i.e. completed hotels - on the market that investors could buy.
So in a sense it's hard to know where the market's going, because without the availability of investment opportunities it's hard to know who is going to be a future investor.

But looking as we do at the global market and the trends in the market, I expect it will continue to be dominated by the region, so if investment product does come up for sale I think it will still be acquired by Gulf investors or North African investors.

I think the ripple will go out over time - I think the next wave of investment is likely to be drawn from markets such as Turkey, Russia, the CIS, and the Indian subcontinent.

So do I see a lot of US investment coming in here?
No, not in the near future.

Do I see Australians investing here? No, not in the near future.

I think that the market will have to develop and evolve further, so the first wave of investment is likely to be from countries that are relatively close.How do you see Africa's investment situation progressing?

I don't see Africa being a major player in terms of outbound investment; I think you're already seeing quite a presence in the market here from South Africa, from an operational perspective: you've got Southern Sun, Protea and so on operating here.

So from an operational perspective they're definitely active - from an investment perspective, not so.There's not a lot of capital in the sub-Saharan African continent that's likely to [come into the Middle East]; they've got a lot of opportunities in their own market, so I think they'll focus more on that for the time being.

North Africa I think is a little different; you've got some different dynamics there.
Libya for example, has a strongly oil-based economy and therefore has investment capital available and indeed has been an investor in hotels in the past.
So there are pockets of investment activity in the Northern African market.But no, there won't be any major surge of investment from them in the near future, not in the way we're seeing coming out of the Gulf.

What future impact will the US ‘credit crunch' have on regional investment in hotels in the Middle East?

I don't think it's going to have an impact on the pace of development and the level of investment going into new developments in the region; most of that is being funded within the region, those investors are not dependent on a high-leverage model.

I think a much bigger challenge for the region is the cost inflation, particularly with things like steel and construction materials, and the issue of labour, which is a challenge for both the hospitality and the construction industry.

I think that another area the region could suffer from is if there is a significant slow-down in demand.

Although a high proportion of demand is from the region, this is still a market that is heavily dependent on the inbound traveller, particularly from Europe.

And if there is a significant slow-down from the UK, Germany and so on, that could impact the demand side.

Its confirmed again: Business Partner of Al Fajer Properties Dubai - Dynasty Zarooni Chairman arrested !!!!!!!!!!

08.Jan. 2009

Zawya

http://zawya.com/Story.cfm/sidZW20090108000104/Dynasty%20Zarooni%20Chmn%20Arrested,%20Police%20Says%20-%20Report/


Dubai Police has arrested Kabir Mulchandani for fraud and bouncing checks' accusations, and he is currently under investigation," Al Bayan cites Colonel Khalil Al Mansouri, head of criminal investigations unit at Dubai Police, as saying

read also:

http://www.7starsdubai.wordpress.com

It`S now double cinfirmed: Business Partner of Al Fajer Properties ( JBC Tower Plot H3 , G3 , H1 - ) Flip Flop Deak with Dynasty Zarooni by Al Fajer Properties)
.............. Dynasty Zarooni Chairman and CEO arrested

http://www.khaleejtimes.com/DisplayA...section=theuae

DUBAI - 10, January 2009

Dubai Police have arrested a syndicate of tricksters of India origin, who have been operating in pretext of being real estate developers.





The Indian national arrested are Kabir Mulcandani, a UAE national Hilal Al Zarouni and two other employees of ‘Dynasty Zarouni’ a company located in Jebel Ali for issuing bouncing cheques to different nationalities mainly Indians.

Colonel Khalil Al Mansouri, Director of General Department of Criminal Investigation confirmed the arrest to Khaleej Times on Thursday. The officer said the fraudsters are in police custody and assisting in investigations, adding that they will then be referred to the Dubai Public prosecution for further action.

Police sources said that they had received more than forty complains of different fraud cases against the suspects at various police stations and all cases were then referred to the General Department of Criminal investigation. Rajish and Alkopatra used to work as Finance Managers for the company.

While Mulchandani and his accomplice used to convince ‘potential’ investors that they were licensed to invest money and were a real estate developers. They called on people to invest Dh 300, 000 every month and after paying 6 installments, the investor would get Dh1 million in return.

However, after the investors paid all the installments, Kabir did not show up but went into hiding, until police smashed the racket upon their arrest.

Salim Al Sha’ali, a lawyer for the suspects, told Khaleej Times that in order to convince their victims, the company announced massive media advertisements and introduced websites stating that they had successfully invested in development of real estate projects in the UAE.

The company claimed that their total investments reached Dh40 million realizing a revenue of Dh2.8 billion.

amira@khaleejtimes.com

all related stories , including, "RERA is giving Dynasty Zarooni clean chit"
on:
www.7starsdubai.wordpress.com

source (http://www.tradearabia.com/news/newsdetails.asp?Sn=LAW&artid=157871)

Dubai court began a hearing against three members of the emirate’s ruling family after businessman sought $1.9 billion in compensation for the alleged seizure of his firm.

The claimant, Shahram Abdullah Zadeh, a Dubai-based Iranian businessman and property owner, filed the civil suit, alleging that his business had been taken over by Sheikh Hasher Maktoum Al Maktoum, according to case documents obtained by Reuters.

The court handling the case against Al Fajer Real Estate and members of the Dubai ruling family began the trial but adjourned to April 8 after defendants did not attend.

‘We attended the session but the defendant did not attend and the session was adjourned to April 8,’ Salem Al Shaali, Zadeh’s lawyer from Al Shaali & Co, told Reuters by telephone.

Sheikh Hasher had sponsored Zadeh in line with the United Arab Emirates law which requires foreigners to have a UAE national as a partner or sponsor to carry out business activities, the documents showed.

Sheikh Hasher declined to comment by telephone or respond through email. His son and daughter could not be reached by telephone.

The suit is likely to draw wide attention as a test case for Dubai, home to many Western banks and a regional business hub.

Dubai has fashioned itself as a tourist destination and business-friendly centre for many international firms, and captured global attention by building palm-shaped islands in the sea and the world’s tallest building.

Last year, as Dubai’s booming real estate market reached dizzying heights, the emirate launched a high-profile anti-corruption campaign that saw the arrest of several well-known business figures.

But the prolonged detention of several Dubai property executives as part of the probe has been criticised by groups such as Amnesty International.

Zadeh accuses Al Fajer company, Sheikh Hasher, his son and his daughter, of involvement in the case, according to case documents. The case names the daughter, Sheikha Meryam, as a partner of the firm, and the son, Sheikh Maktoum, as a manager.

Zadeh alleged that Sheikh Hasher and Sheikha Meryam have ’seized all the company has from cash monies, movables, properties, and others’ in March last year, according to case documentation.

The seizure of the company occurred while Zadeh was held in custody of Dubai police, according to Zadeh.

‘I was arrested for 60 days on February 21, 2008 and until this day I don’t know what law I have broken, and I have not been charged with anything. I still don’t know why they have kept my passport for over one year,’ Zadeh told Reuters.

The chief of Dubai police, major general Dahi Khalfan Tamim, confirmed the arrest to Reuters by telephone and said that Zadeh was held on charges of bribery on order of the public prosecutor, charges that Zadeh denies. The public prosecutor could not be reached for comment.

Abdullah Zadeh’s lawyer, Salem Al Shaali, said he expected the case to be decided on its merits.

‘We haven’t yet seen anyone, whether from the ruling family or other, escaping the rule of law,’ he told Reuters.

Essam Al Tamimi, lawyer at Al Tamimi & Co. told Reuters by telephone that the judicial system in the UAE ‘is very independent from the government and the ruling family’.

‘Anyone can sue anyone, whether they are from the ruling family or not,’ Tamimi said.

more around this case over this link (http://7starsdubai.wordpress.com/?s=Al+Fajer+Properties)

source GulfNews 16. March 2009 (http://dubai7stars.blogspot.com/search/label/Al%20Fajer%20Properties)

An arrest warrant has been issued against the senior executive of a well known real estate company, a senior public prosecutor told Gulf News on Monday.

Hilal Al Zarooni of Dynasty Zarooni Real Estate is "wanted and it's a matter of time before the law enforcement officers bring him in for questioning," the public prosecution official said. He didn't say when exactly the warrant was processed.

Ayman Merdas, of Al Sharif Advocates and Legal Consultants, the law firm representing Hilal Al Zarooni and the company's chairman, Kabir Mulchandani, said the investigation is ongoing but declined to comment whether Hilal Al Zarooni has been detained upon the arrest warrant or not.

Salem Al Sha'ali, the legal representative of a number of investors, said "My clients have lodged nearly 30 complaints worth around Dh300 million against the suspects& we have officially requested the public prosecution to arrest and question H.A.Z."

"We also asked the public prosecution to question a number of developers to testify to the fact whether Kabri Mulchandani was authorised to sell their properties... ."

Earlier, both executives told Gulf News they were both "in the clear" and blamed the case of "nervous investors."

24/May/2007


http://i17.tinypic.com/4yov77o.jpg

Was Lake Almas East already lined a few years ago?

was this marketed by DZ?