Hi - is there an email address or somewhere to register my support for any action group? I'm based in the UK and will help however I can. I'd like to keep up with progress and have input if required. Thanks, Lee.

Hi Lee. Communication is via this forum only as far as I know so please keep an eye on it as the main source of info. However, I would like to get more organised at some stage so we should all keep in touch via the forum. I'm sure we'll have a few battles ahead where we need our numbers to be high.

Regards,

TH.

So I assume that everybody is agreeing to meet on 2nd June at the time and place mentioned above? I will be there.
DID THE MEETING ON 2 JUNE TAKE PLACE?

I guess we are all talk but no action...

dear All,

ETA is selling so many apartments these days on a daily basis. there are only few apartments left, maybe 5 or 6 only. I already reserved a 3 bedrooms apartment, but I was shocked after reading this forum.
As per ETA, the units will be handed over in September, but it might be delayed 2 or 3 months!!
So do you advise me to continue with this apartment, or just cancel the booking?
I'll be calling them on Saturday to understand the current situation and the chances that the project might be delayed or not??

by the way, I saw the apartment, and it was almost ready. while the building enternace is still not there

dear All,

ETA is selling so many apartments these days on a daily basis. there are only few apartments left, maybe 5 or 6 only. I already reserved a 3 bedrooms apartment, but I was shocked after reading this forum.
As per ETA, the units will be handed over in September, but it might be delayed 2 or 3 months!!
So do you advise me to continue with this apartment, or just cancel the booking?
I'll be calling them on Saturday to understand the current situation and the chances that the project might be delayed or not??

by the way, I saw the apartment, and it was almost ready. while the building enternace is still not there

sooner they sell all the apartments better chances for early completion, it is a good project. Good Luck

12/June/2009

Goldcrest Views 2

http://i44.tinypic.com/243n6lg.jpg

http://i42.tinypic.com/28hk21g.jpg

http://i41.tinypic.com/2ppix6a.jpg

Once again thanks Imre for the update God Bless.
Is any work going on at the GV2 site? The crane has not come down. I just hope completion takes place in September 2009

very slow progress but workers there, I dont think so the September 2009, they need to hurry otherwise handover just in 2010.

Probably handover end of 2009. Is anyone able to get pics of how the interior is progressing????

I've been to the 30th Floor, it is 70% completed

Is anyone interested in buying 1 Bedroom apartment 797 sq ft Type 3 with car park?

I'll post some pictures soon, I'm going to view the apartment tomorrow. by the way, the project is expected to be handed over by December, while ETA STAR says December, but I think it won't be before feb 2010. In general it worth waiting, it is a good project compared to others in JLT. hope it will be similar to GCV1

I have contacted a Lawyer to fight against the developers/s. I am willing to go alone but if anybodt wants to join, you can contact me.

What are your fighting for???????

I am fighting for the terms of my contract.
They promised in writting to deliver my unit fully furnished and now they are refusing.
They were supposed to deliver unit about 2 years ago as per my long stop date of completion and I am tols they have no intentions of delivering till end of 2010 even though they keep giving me new dates every 6 months.
I am also told that the sq fts of my unit is much less than what it supposed to be according to my contarct.
i want to be pro active and make sure they deliver what they promise and pay the amount that I am due for late delivery.
Some people are saying they may even leave the project unfinished.

Well, the delivery is end of 2009 not 2010!! I think it worth waiting

Please go back and see their web site. The delivery was supposed to be end of 2008 and then March of 2009 and then September 2009 and now end of 2009......

Insiders are saying that there is no way this building will be ready by end of 2009 and there is hardly any worker in this building on regular basis...

anyways, I'm going tomorrow to view the apartment I reserved. I'll take photos and post them here.

anyways, I'm going tomorrow to view the apartment I reserved. I'll take photos and post them here.

Is it a one bedroom apartment you are going to view?

Is it a one bedroom apartment you are going to view?

NO 3 BED

ETA Star hands over Liberty House

By Suzanne Fenton, Staff Reporter
Published: June 16, 2009, 22:44


Dubai: ETA Star Property Developers has begun handing over units in its Dh700-million Liberty House in the Dubai International Financial Centre (DIFC).

The residential units have been furnished as a gesture of 'goodwill' due to the slight delay of three months, according to Vijay Chugh, senior general manager of projects, ETA Star.

http://archive.gulfnews.com/articles/09/06/17/10323474.html

ETA Star hands over Liberty House

By Suzanne Fenton, Staff Reporter
Published: June 16, 2009, 22:44


Dubai: ETA Star Property Developers has begun handing over units in its Dh700-million Liberty House in the Dubai International Financial Centre (DIFC).

The residential units have been furnished as a gesture of 'goodwill' due to the slight delay of three months, according to Vijay Chugh, senior general manager of projects, ETA Star.

http://archive.gulfnews.com/articles/09/06/17/10323474.html



That is good news. I hope they show goodwill gesture in GCV2 also.

http://tinypic.com/3ia1prhw

Photos taken of GV2 last month.

http://feed3.tinypic.com/rss.php?u=4FSecd73BezCSrYzRR9OdA%3D%3D

http://feed3.tinypic.com/rss.php?u=4FSecd73BezCSrYzRR9OdA%3D%3D

Great pix, Cybercarter, but very small! Keep them coming.
G

http://feed3.tinypic.com/rss.php?u=4FSecd73BezCSrYzRR9OdA%3D%3D

thanks!

from which floor did you take the pics?

that apartment is 1 b/r ? which size?

Hi Imre

I wish I had your expertise - I had the devils own job trying to upload the images - so apologies for the quality!

The photos were taken from the show apartment 303. My apartment is 403 and is the same layout. I think the size is 796sq ft.

right, that one is 796 sqft , so you have 2 balconies:)

mine is similar , 826 sqft but I have just 1 balcony , apt. 904.

What do you think about the finishing?

Are all of these pics of GV2 or just the first one? And really cant see much detail because there appears to be no way of enlarging them....

right, that one is 796 sqft , so you have 2 balconies:)

mine is similar , 826 sqft but I have just 1 balcony , apt. 904.

What do you think about the finishing?
I have apartment 1103, 796 sq ft with 2 balconies. Is it good or bad?
Thanks

Hi,

I have an offer for two bedroom from ETA and has been informed completion is sept 2009 can you advice what is the status

I have apartment 1103, 796 sq ft with 2 balconies. Is it good or bad?
Thanks

its good:)

Hi,

I have an offer for two bedroom from ETA and has been informed completion is sept 2009 can you advice what is the status

it wont be ready in September 2009 , end of 2009 or Q1 2010 is more possible.

I am going to visit the office for possible purchase of 2 bed room flat.
Any suggestions of price or other question I should ask...

Ask them when exactly they will handover, and make sure they remove the Initial Corpus Fund clause from any contract drawn up. I'm sure others will pitch in with more!

Ask them when exactly they will handover, and make sure they remove the Initial Corpus Fund clause from any contract drawn up. I'm sure others will pitch in with more!

What is the reasonable price for 2BR..on 22nd floor

Hello Goodmorning! Where is everybody? We have been patient and supportive with ETA, I hope they understa and help us with the corpus fund. The project is already delayed by over 2 years and in that time we have paid bank interest on the loan to purchase the apartment. Interest alone must be over£10000.00 or more any comment!

Yes ETA can help us in that they can SCRAP the corpus fund.

EMAIL FROM NEETA 10 DAYS AGO

DEAR SIR
WARM GREETINGS FOR THE DAY
THIS IS IN REFERENCE TO YOUR UNIT IN GCV2
WE WOULD LIKE TO INFORM YOU THE HANDOVER
OF THE PROJECT WILL BE DONE IN THE MONTH OF SEPTEMBER 2009
AND YOU WILL BE INFORMED ONE MONTH IN ADVANCE
REGARDING THE PROCEDURE
ANY FURTHER CLARIFICTION PLEASEMAIL ME OR CALL ME.



HER EMAIL IS >NEETA@ETASTAR.COM<


EXECUTIVE CUSTOMER RELATIONS

Yes, I spoke to them yesterday and they were adamant that it will be finished by the end of September and that we are all viewing the last week of August or first week of September.
Corpus fund has to go, there is no way we can be expected to pay it now.

it wont be ready in September , crane is still there, lot of cladding works left , no way..

One of my friend visited the ETA office and was told it will be delivered by the begining of next year.
I think it will be middle of next year.

Spoke to Neeta this morning and she said that the company will give possession of the apartment end of September 2009. Hope she is right.

I have a feeling ETA will start handing over in Septmeber like they insist but some of the work will not be finished and will continue after handover.

EMAIL FROM NEETA TODAY

THE HANDOVER WILL BE STARTED FROM SEPTEMBER 2009
WE WILL SEND YOU LETTER IN AUGUST REGARDING THE HANDOVER
PROCEDURE BUT CANNOT GIVE YOU A EXACT SNAGGING DATE.

ok, I still dont believe this , crane is still there , Summer break now, Ramadan just coming soon.

Maybe they have more info than me but I doubt the September 2009.

ok, I still dont believe this , crane is still there , Summer break now, Ramadan just coming soon.

Maybe they have more info than me but I doubt the September 2009.
I quite agree, come September they will say end December 2009. If they are not removing the crane and no work is being carried out at the site, how will they finish work in just one month? " A Miracle can happen" I just hope they honour their obligation and give our property to us. We have suffered enough. They are not even updating their website.
Thanks

Article in Gulfnews today......

Property developers change strategies to retain customers

By Jane Ferguson, Business Features Writer
Published: July 08, 2009, 22:52

Dubai: "In real estate nothing works like building and selling," explains Shyam Sunder, general manager of marketing at ETA Star property developers.

Words that may seem glaringly obvious, however, need to be set against a Dubai property market which experienced years of off plan explosion before foundations were built.

Property developers in Dubai currently have to convince customers of the integrity of their ongoing projects. New patterns in marketing must now react to balking consumer confidence, as off-plan is off the cards, and only real evidence of progress will suffice.

Indeed, with new buyers thin on the ground, developers are focusing their marketing towards existing customers rather than potential ones.

"Retention is more important than acquisition," said Sunder. "The entire marketing strategy is trying to retain our customers."

The way to do so, he explained, is to go back to basics, and sell properties that actually exist in some form or another, while keeping customers more regularly updated with tangible proof that the construction is moving forward.

At the end of 2008, as the property boom in the UAE began to ease, ETA Star decided to change their marketing strategy in order to bolster confidence.

"We said we have to go all the way to ensure confidence. The only way to do that is to build and show."

In order to show the buildings in an 'up front' way, the company's website was upgraded with actual images of the buildings, besides the usual computer-generated architectural impressions of a finished project.

"The first thing you will see in any developer's website is some glossy image," said Sunder. "All our projects are up and standing. The architectural image and the actual shot were very similar."

A reason for this, he explained, was the business development model the company has held for some time. Up to 80 per cent of ETA Star's current projects were launched between 2004 and the end of 2006.

By the end of 2007 they had launched 12 projects and have tailored future projects to fit future demand in property.

"We have only three to four projects to be launched. Maximum four. The result is that existing customers can see their building - a welcome image for many of Dubai's recent investors.

"We have this very unique advantage of having customers to come and see and feel and buy."

A general policy of starting work on a project no more than six months after launching it on the market is also an advantage in today's conditions of negative sentiment, said Sunder.

ETA, however, have not been immune to the global crisis, and delays have been experienced on some developments. However, Sunder believes the early progress made on their developments has been key to keeping investors on board, as nearly finished buildings are more convincing than off plan projects which have yet to be started.

"When the project is not even off the ground, that causes the panic and concern," he said. "Here we are talking about a full building standing. Only the interiors are to be finished. There's never been a delay on starting a project."

One such delay has been at a Jumeriah Lake Towers (JLT) development. Sunder said the company's reaction has been to maintain communication with buyers.

"There are cash flow problems. There has been a fair amount of delay," he said. "One to one, we have been in touch with every customer."

That communication must be clear and honest, he added.

"We are very clear about whether the project is progressing fast or not. So even if some of these projects are getting a little delayed we must update our photos."

Ultimately, as retention remains the main policy, challenges are customers who pull out, and those who don't pay.

"There is always a danger of you losing customers, whatever the cancellation charges, and getting out. The other is if a customer is not going to pay you. We have been telling them quite directly, 'we need you to stay in the market - our fortunes are linked'."

Keeping existing customers on board has brought about new strategies to help those who are facing funding challenges, by linking them with banks and lenders. Others who can pay are being encouraged on certain projects to pay in cash now and get a discount.

The new flexible, open marketing approach is working, says Sunder, with a near 100 per cent retention of existing customers.

I quite agree, come September they will say end December 2009. If they are not removing the crane and no work is being carried out at the site, how will they finish work in just one month? " A Miracle can happen" I just hope they honour their obligation and give our property to us. We have suffered enough. They are not even updating their website.
Thanks

I dont know why they still say , September , no way for it

10/July/2009

Goldcrest Views 2

http://i25.tinypic.com/1z2qcua.jpg

http://i29.tinypic.com/2vipe6b.jpg

http://i31.tinypic.com/2hregb9.jpg

From Imre's latest pics, it appears that there has been no progress...:ohno:

From Imre's latest pics, it appears that there has been no progress...:ohno:

I agree.
Again read my post # 793

actually I saw some progress of the cladding at the crane side but very slow thats why I said September 2009 is impossible for the handover doesnt mind what they are lying.

ETA WEB SITE UPDATE HAVE A LOOK.

ETA WEB SITE UPDATE HAVE A LOOK.

Checked the website. Imre pictures are better quality then star, completion last quarter 2009. It could mean anything. October to December 2009
Thanks

I was told that they will not cash the cheque.

Recently we got letter from ETA about goldcrest executive and 50 aed/sq ft corpus fund.
Anybody knowswhat it is?
they are not going to give anything in writing against it.
Why they are saying they will not encash for one year?
what about after one year?
They should give us in writing that they can not encash it until all owners of member again sign some memorendum?
my unit is 874 sq ft ,but they are handing over 12 sq ft less. what i should do? please inform. if you have some idea.
Recently i read in gulf news that ETA has given fit outs and maintaince fee free for some tower as a compensation as it was delayed.
We should unite and meet developer ask it for scrapping corpus fund .

Hello Goodmorning! Where is everybody? We have been patient and supportive with ETA, I hope they understa and help us with the corpus fund. The project is already delayed by over 2 years and in that time we have paid bank interest on the loan to purchase the apartment. Interest alone must be over£10000.00 or more any comment!
What compensation ETA is Giving for delayed hand over for this project.please we can have meeting and then from that we can take forward.

Yes ETA can help us in that they can SCRAP the corpus fund.
we have to ask lland department if this is leagel and how investors can protect themselves.
anything which is not in contract , should not affect hand over. How ETA can represent owner's association?

Yes, I spoke to them yesterday and they were adamant that it will be finished by the end of September and that we are all viewing the last week of August or first week of September.
Corpus fund has to go, there is no way we can be expected to pay it now.

We have received letter from ETA that Office handover is started . is building ready for handover (office).
What is this corpus fund?
i checked on google. i did not got any defination justifing it for building maintanance. in clause no 13.1 it is written clearly if we do not get possession on time we have full right of taking our money back with interest. from company.
instead of giving any compensation , they are charging this corpus fund.
please plan out what to do?

We have received letter from ETA that Office handover is started . is building ready for handover (office).
What is this corpus fund?
i checked on google. i did not got any defination justifing it for building maintanance. in clause no 13.1 it is written clearly if we do not get possession on time we have full right of taking our money back with interest. from company.
instead of giving any compensation , they are charging this corpus fund.
please plan out what to do?

CORPUS FUND MEANS COPORAL PUNISHMENT FOR BUYING APARTMENT IN DUBAI AND FROM ETA STAR. When I first bought the apartment in GCV2 there was no mention of corpus fund, It only appeared in the new contract after I had made the payment to buy. A meeting was arranged but was cancelled at the last minute. A corpus fund is torture chamber and we all are in it, like it or not. We should have our owners assocciation and the developer should not run the complex after the hand over.

I have just been offered apartment in Vue De Lac in exchange for Global Point. Has anyone heard about this project and if so what is the price for one bedroom apartment? Any help would be appreciated. It is 5 years since I made payment on Global Point. the developer have cancelled the project.
Thanks

"The development includes three towers - K1, K2 and K3. Each was originally scheduled for handover in September 2007, but the project has since been pushed back to the third quarter of 2010" :)

ON HOLD , I wouldnt put a single dirham on that project...

http://www.skyscrapercity.com/showthread.php?t=182266&page=6

I have heard that they wont build anything there for years just focusing their projects on the SZR.

Global Point at the International City ?

"The development includes three towers - K1, K2 and K3. Each was originally scheduled for handover in September 2007, but the project has since been pushed back to the third quarter of 2010" :)

ON HOLD , I wouldnt put a single dirham on that project...

http://www.skyscrapercity.com/showthread.php?t=182266&page=6

I have heard that they wont build anything there for years just focusing their projects on the SZR.

Global Point at the International City ?

Thanks Imre for the information it is great help. Keep well God bless

22/July/2009

Goldcrest Views 2

http://i26.tinypic.com/a7c5u.jpg

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

http://i26.tinypic.com/1fvf3c.jpg

http://i28.tinypic.com/2qckzgm.jpg

http://i29.tinypic.com/25upjxf.jpg

From what I see September completion is impossible. I don't think it will be ready this year, 1 Qrt of next year may be!

yes, agree, no way Sept 2009.

At least good news, nice hotel with restaurants and bars just opposite the building (Bonninton Tower) :)

yes, agree, no way Sept 2009.

At least good news, nice hotel with restaurants and bars just opposite the building (Bonninton Tower) :)

Hi Imre, firstly have been wanting to thank you for the Liwan pics, appreciate it. Any possibility of geeting the apartment pics for Goldcrest views 2?

Actually completion of GV2 is poss for sept 09 IF they flood the site with 1000s of construction workers. If this tower was for september handover, the finishing touches should be going on now.

And for late handover, we should push eta for either free maintanance/no fees or cancellation of corpus fund.

Actually completion of GV2 is poss for sept 09 IF they flood the site with 1000s of construction workers. If this tower was for september handover, the finishing touches should be going on now.

And for late handover, we should push eta for either free maintanance/no fees or cancellation of corpus fund.

ETA should cancel the corpus fund or give us 50% reduction as we all have suffered with this delay, especially those who have taken out loan to fund this project.

ETA SHOULD OWE US ENOUGH COMPENSATION MONEY TO PAY AT LEAST HALF THE CORPUS FUND.
COMPENSASATION STARTED DECEMBER 2008
IF I LIVED IN DUBAI I WOULD BE ROUND THERE OFFICE EVERY WEEK!

Why half? They should cancel the corpus fund altogether.

Why half? They should cancel the corpus fund altogether.
WOULD BE NICE BUT I DONT THINK IT WILL EVER HAPPEN.
YOU NEED SOME SORT OF SINKING FUND.

Hi all, the corpus fund is owned by and for the benefit of the apartment owners, so cancelling this will not mean we have been compensated! The sinking fund can just have an annual contribution to build it up and this will make more sense from a cashflow perspective for owners. However the compensation will have to be in addtion as it has nothing to do with corpus fund.

Hi all, the corpus fund is owned by and for the benefit of the apartment owners, so cancelling this will not mean we have been compensated! The sinking fund can just have an annual contribution to build it up and this will make more sense from a cashflow perspective for owners. However the compensation will have to be in addtion as it has nothing to do with corpus fund.

YES 100%

I was in Dubai last week and called Neeta of ETA and she was adamant they will be completing by September and handing over in Sept and Oct. I arranged to view my apartment. When I got to site there were some 20 odd builders working. They would need a lot more then 20 to complete in the stated time. My apartment is on the 15 floor. It had some broken floor tiles which would need replacing. The apartment needed a second coat of paint. Could not really see the bathroom as there was no light, but there was work still needed doing. I noticed there was no cooker hob, nor there was a cut out in the kitchen worktop to put that in. surely you would have the hole cut out before putting the marble worktop in unless they are planning to put a cheep free standing hob. It did seem some what smaller but had no way of measuring it. I visited the show room apartment and they had removed the hob and covered the hole with cardboard. Will email Eta for clarification.
Anyone else been to see their apartment and what do they think.

Hi all, the corpus fund is owned by and for the benefit of the apartment owners, so cancelling this will not mean we have been compensated! The sinking fund can just have an annual contribution to build it up and this will make more sense from a cashflow perspective for owners. However the compensation will have to be in addtion as it has nothing to do with corpus fund.

I'm not clear what is the purpose of this corpus fund? Minor defects and normal maintenance should be handled within the service charges. Disasters would be covered by insurance. Any major defects during the first ten years should still be the responsibility of the developer. This stinks of the developer attempting to avoid its responsibilities and run for the hills.

Hi all, the corpus fund is owned by and for the benefit of the apartment owners, so cancelling this will not mean we have been compensated! The sinking fund can just have an annual contribution to build it up and this will make more sense from a cashflow perspective for owners. However the compensation will have to be in addtion as it has nothing to do with corpus fund.

You are right they should give us compensation and help us to pay corpus fund in instalment

I'm not clear what is the purpose of this corpus fund? Minor defects and normal maintenance should be handled within the service charges. Disasters would be covered by insurance. Any major defects during the first ten years should still be the responsibility of the developer. This stinks of the developer attempting to avoid its responsibilities and run for the hills.

Hi, generally in the UK the better developments have a sinking fund so major work charges are carried out in a timely manner. The ones without this fund quite often fall into disrepair and then are finally hit with massive major work charges.

Regarding the corpus fund, the actual meaning of this is that the initial investment will remain and the interest will be used for repair, i just hope they mean sinking fund and have got the terms mixed up. Whatever the case I think there should be a sinking fund BUT built up gradually as in a new development we should not need it for a few years.

It is ridiculous to expect a corpus fund right in the start in these market conditions, and I would not want the developer to manage this anyway.

I was in Dubai last week and called Neeta of ETA and she was adamant they will be completing by September and handing over in Sept and Oct. I arranged to view my apartment. When I got to site there were some 20 odd builders working. They would need a lot more then 20 to complete in the stated time. My apartment is on the 15 floor. It had some broken floor tiles which would need replacing. The apartment needed a second coat of paint. Could not really see the bathroom as there was no light, but there was work still needed doing. I noticed there was no cooker hob, nor there was a cut out in the kitchen worktop to put that in. surely you would have the hole cut out before putting the marble worktop in unless they are planning to put a cheep free standing hob. It did seem some what smaller but had no way of measuring it. I visited the show room apartment and they had removed the hob and covered the hole with cardboard. Will email Eta for clarification.
Anyone else been to see their apartment and what do they think.

ETA must be planning to handover this tower in an unfinished state so that they can avoid further compensation charges. I would not want to take possession of an unfinished apartment and then only to snag and find 100s of things wrong and for it to take months to put right.:ohno:

I GOT AN EMAIL FROM NEETA TODAY SAYING HANDOVER WILL NOW BE LAST QUARTER 2009.

WHAT A JOKE ETA ARE.
THAY JUST KEEP MOVEING THE GOAL POSTS
STILL MORE COMPENSATION WE HOPE.

So now ETA realise that september handover is impossible, we were telling them that anyway. Well, my guess is March 2010 at the earliest for handover.

I am not receiving any email updates from ETA, maybe they dont have my correct email address...can anyone on here please give me ETA's email address so I can update them.

I am not receiving any email updates from ETA, maybe they dont have my correct email address...can anyone on here please give me ETA's email address so I can update them.

HI EMAIL NEETA THEN GO FROM THERE.
HER EMAIL IS NEETA@ETASTAR.COM
HOPE THIS HELPS.

Thanks andrewz32.

EMAIL FROM NEETA TODAY.

AS OF NOW WE CANNOT GIVE YOU THE EXACT DATE OF HANDOVER FOR YOUR UNIT AS IT ALL DEPENDS ON THE MASTER DEVELOPER TO GIVE US THE COMPLETION CERTIFICATE.


WE WILL BE IN A POSION TO GIVE THIS INFORMATION BY MID NOVEMBER 2009

I GUESS THAT MEANS SOME TIME NEXT YEAR THEN!

first of all they should finish the building and after ask the completion certificate,it seems they are either always lying or just they have no idea about the construction process :)

first of all they should finish the building and after ask the completion certificate,it seems they are either always lying or just they have no idea about the construction process :)


I still think they will not finish before mid 2010.
We should not let them deliver before it is fully finished.

I still think they will not finish before mid 2010.
We should not let them deliver before it is fully finished.

We hope that they honour what they say. We all will have more sleepless nights. God Bless ETASTAR ,their directors and all the staff members.

I still think they will not finish before mid 2010.
We should not let them deliver before it is fully finished.

hopefully the market will be better than

still slow but some progress of the cladding

07/August/2009

Goldcrest Views 2

http://i30.tinypic.com/m8k13a.jpg

http://i27.tinypic.com/venon4.jpg

http://i27.tinypic.com/11tyc6d.jpg

http://i30.tinypic.com/259xxfq.jpg

http://i26.tinypic.com/2wf8to9.jpg

http://i31.tinypic.com/2hmok09.jpg

Thanks Imre for the update. God bless

GREAT PICTURES IMRE MANY THANKS*********
TAKE A LOOK AT ETA WEB SITE
THERE ON ANOTHER PLANET!!
KIND REGARDS ANDY.

I still think they will not finish before mid 2010.
We should not let them deliver before it is fully finished.

ETA will have to acquire a taking over certificate from the consultant to illustrate the completion status. RERA will send their own specialist to view the status as well.

The building won't be deliver when it is not finish, as it deems as health safety hazard.

If they deliver on mid 2010, OMG, i am losing out so much to the interest for the bank... anyone got the same problem?

ETA will have to acquire a taking over certificate from the consultant to illustrate the completion status. RERA will send their own specialist to view the status as well.

The building won't be deliver when it is not finish, as it deems as health safety hazard.

If they deliver on mid 2010, OMG, i am losing out so much to the interest for the bank... anyone got the same problem?
you bet, It has cost me 90000.00 AED in 2 years in interest only. A most expensive project I have ever invested into.

ETA will have to acquire a taking over certificate from the consultant to illustrate the completion status. RERA will send their own specialist to view the status as well.

The building won't be deliver when it is not finish, as it deems as health safety hazard.

If they deliver on mid 2010, OMG, i am losing out so much to the interest for the bank... anyone got the same problem?
We have the same problem. The apartment is financed by NBD and we are paying the interest every month. What to do now?

We have the same problem. The apartment is financed by NBD and we are paying the interest every month. What to do now?

The bottom line is, we have to get compensation from the developer for not fulfilling their liabilities in the contract and not complete on time.

ETA is claiming "Force Majeure" which when an extraordinary event or circumstance beyond the control of the parties. Global recession and contractor pulling out from the contract are not the case.

Anyone want to get together and seeking professional legal advice and file a complaint?

Force Majure:

http://cmguide.org/archives/643

The bottom line is, we have to get compensation from the developer for not fulfilling their liabilities in the contract and not complete on time.

ETA is claiming "Force Majeure" which when an extraordinary event or circumstance beyond the control of the parties. Global recession and contractor pulling out from the contract are not the case.

Anyone want to get together and seeking professional legal advice and file a complaint?
ALL OLD NEWS.
PLEASE READ ALL THROUGH OLD POSTS.:bash:

ALL OLD NEWS.
PLEASE READ ALL THROUGH OLD POSTS.:bash:
And what was the result? I understand it was a meeting and ... not much comment on what happened.

And what was the result? I understand it was a meeting and ... not much comment on what happened.
ALL TALK NO ACTION:ohno:
I LIVE IN THE UK!
IF I LIVED IN DUBAI I WHOULD BE IN THERE OFFICES EVERY WEEK.
ETA HAVE COST EVERY OWNER MONEY I HAVE PAID IN FULL SO DEAD MONEY FOR TO YEARS NO RENT ECT.:nuts:

we have to squeeze out as much compensation as possible from eta

we have to squeeze out as much compensation as possible from eta

We have to be Pro-active to get any thing from ETA
We should organise and get legal help otherwise we will end up paying lot more, on top of what we have, uptill now.
GO online and read an article about Dubai in Wshington Post of Dec. 10, 2009.
Dubai Government is not on your side.

We have to be Pro-active to get any thing from ETA
We should organise and get legal help otherwise we will end up paying lot more, on top of what we have, uptill now.
GO online and read an article about Dubai in Wshington Post of Dec. 10, 2009.
Dubai Government is not on your side.

HI ARSHAD

HOW IS YOUR LAWYER GETTING ON WITH YOUR FIGHT AGAINST ETA?
AS YOUR POST 763

HI ARSHAD

HOW IS YOUR LAWYER GETTING ON WITH YOUR FIGHT AGAINST ETA?
AS YOUR POST 763

I had a detailed discussion few wks ago.
His point was to let ETA come up with the date and details of delivery and see if they voluntarily offer compensation and if they don't or the compensation is not accepable then we start our legal proceedings.
I am determined to fight on two fronts from USA ( since I purchased the unit from here) and from Dubai.
Any suggestions...?

I had a detailed discussion few wks ago.
His point was to let ETA come up with the date and details of delivery and see if they voluntarily offer compensation and if they don't or the compensation is not accepable then we start our legal proceedings.
I am determined to fight on two fronts from USA ( since I purchased the unit from here) and from Dubai.
Any suggestions...?

I HAVE IT IN WRIGHTING BY EMAIL THAT ETA WILL PAY COMPENSATION FROM DECEMBER 2008 AT UK LIBOR RATE AT TIME OF HANDOVER.

I HAVE IT IN WRIGHTING BY EMAIL THAT ETA WILL PAY COMPENSATION FROM DECEMBER 2008 AT UK LIBOR RATE AT TIME OF HANDOVER.

My Long Stop date was March 2008.
Libor rate compensation will amount to very little.

My Long Stop date was March 2008.
Libor rate compensation will amount to very little.
SO WAS MINE THEN THAY SENT ME CONTRACT 2 YEARS LATE WITH CORPUS FUND ON IT AND NEW LONGSTOP DATE 31/12/2008
ETA SAY THEY CHANGED PAYMENT PLAN.
SO CHANGED LONGSTOP DATE.

SO WAS MINE THEN THAY SENT ME CONTRACT 2 YEARS LATE WITH CORPUS FUND ON IT AND NEW LONGSTOP DATE 31/12/2008
ETA SAY THEY CHANGED PAYMENT PLAN.
SO CHANGED LONGSTOP DATE.

I did not receive any 2nd contract so mine is still original and in force.

I have paid 90 Percent of the payment.
I don't have any information regarding Corpus Fund from ETA.

I did not receive any 2nd contract so mine is still original and in force.

I have paid 90 Percent of the payment.
I don't have any information regarding Corpus Fund from ETA.

HAVE YOU SINGNED EVERY PAGE ON CONTRACT YET?

HAVE YOU SINGNED EVERY PAGE ON CONTRACT YET?

I did and they counter singed every page.

I did and they counter singed every page.

NICE ONE :lol:
GOOD LUCK TO YOU.

We have to be Pro-active to get any thing from ETA
We should organise and get legal help otherwise we will end up paying lot more, on top of what we have, uptill now.
GO online and read an article about Dubai in Wshington Post of Dec. 10, 2009.
Dubai Government is not on your side.
Do you mean December 10,2008?

Do you mean December 10,2008?

No.
I meant August. 10, 2009.
There is a long article about Dubai

No.
I meant Dec. 10, 2009.
There is a long article about Dubai

I think our time-travelling friend meant AUGUST 10, 2009.

I think our time-travelling friend meant AUGUST 10, 2009.
Google Herve Jaubert for more info...

Sorry.
I meant August 10, 2009.

We have a contract counter intialled on every page our longstop date is 31/3/08
ultimate longstop 30/6/08
Our pay plan was changed & have one 10% payment to make, when its completed.
ETA told us to ring in August 09, to arrange rental as ' for sure ' completion would be Sept 30th
We have received an email ETA magazine today & they are still quoting 3rd quarter completion.
We are in UK but like Andrew we would be around the offices making nuisances of ourselves, we are very grateful for Dubai residents who keep us up to date with info & photos, wish we had the funds to get out there.

Family has just come back from Dubai, they visited GCV2 and took some photo's and video of the complex and the apartment, I would like to share the photo's but don't know how to upload them. The complex is good and from what I have just seen It will take good 12 months for ETA to finish the project. It is my view, I hope I am wrong.
PS If anyone can tell me how to upload I wil be grateful. Thanks

first of all you should upload here:

www.tinypic.com or www.imageshack.us and after just copy the right line (for forums) here

http://img15.imageshack.us/img15/3452/pic1udw.jpg
http://img26.imageshack.us/img26/5533/pic2ylp.jpg
http://img11.imageshack.us/img11/260/pic3aas.jpg
http://img15.imageshack.us/img15/9397/pic4grb.jpg
http://img11.imageshack.us/img11/9161/pic5e.jpg


Pic 1 - Kitchen view
Pic 2 - Corridor to apartment
Pic 3 - Entrance to apartment
Pic 4 - Living area
Pic 5 - Outside

Thanks Imre for the help.

http://img15.imageshack.us/img15/3452/pic1udw.jpg
http://img26.imageshack.us/img26/5533/pic2ylp.jpg
http://img11.imageshack.us/img11/260/pic3aas.jpg
http://img15.imageshack.us/img15/9397/pic4grb.jpg
http://img11.imageshack.us/img11/9161/pic5e.jpg


Pic 1 - Kitchen view
Pic 2 - Corridor to apartment
Pic 3 - Entrance to apartment
Pic 4 - Living area
Pic 5 - Outside

Thanks Imre for the help.

welcome :) good update, thanks!

which floor is this apartment?

better to see like this:

http://img15.imageshack.us/img15/3452/pic1udw.jpg
http://img26.imageshack.us/img26/5533/pic2ylp.jpg
http://img11.imageshack.us/img11/260/pic3aas.jpg
http://img15.imageshack.us/img15/9397/pic4grb.jpg
http://img11.imageshack.us/img11/9161/pic5e.jpg

LOOKS THE SAME MESS AS WHEN I VISITED IT IN MARCH
CHEERS FOR PICTURES AND YOUR TIME

first of all you should upload here:

www.tinypic.com or www.imageshack.us and after just copy the right line (for forums) here

apartment 1103 is on 11th floor

http://img27.imageshack.us/img27/6179/pic6tvx.jpg
http://img8.imageshack.us/img8/9237/pic7ykm.jpg
http://img39.imageshack.us/img39/2063/pic8gvm.jpg
http://img13.imageshack.us/img13/9637/pic9j.jpg
http://img12.imageshack.us/img12/6352/pic10nbu.jpg
http://img13.imageshack.us/img13/106/pic11e.jpg
http://img39.imageshack.us/img39/4139/pic12l.jpg
http://img27.imageshack.us/img27/6379/pic13g.jpg
http://img25.imageshack.us/img25/6139/pic14qad.jpg
http://img13.imageshack.us/img13/6057/pic15l.jpg
http://img39.imageshack.us/img39/1395/pic16x.jpg
http://img4.imageshack.us/img4/5637/pic17j.jpg

Pic 15 and 16 is of the utility room
rest are of the bedroom inc the view from the balcony

:ohno:

I am sorry that you had to see your investment in this state, same happened to me when I was there a couple of months ago. These guys are shameful in the way they operate. The sad thing is that the end result will be far from what the promise was, probably for all of us who invested in this development. The finishing is a disgrace, no effort to protect the furnishings or fittings while being installed is being done. No good trying to clean it afterwards because the damage is done. To top all this they make absolutely stupid statements about when the project will be finished - I recall them saying to me that I would be moved in there by June 08 latest - we all know the rest. There is clearly something going on between eta and star giga that we not being made aware of because eta are a big outfit (fly on emirates and you'll see that on their advertising).

I have being coming and going to Dubai for 12 years and was in love with the place and the reputation of Dubai was very high (at least in the UK). When I first invested here people used to to say wow, now they laugh!

I have given up hope of ever getting a first class apartment delivered by these wankers and will offload my apartment as soon as I can, which while may not mean much but I ususally spend about £50k a year in Dubai which will go elswhere and I bet I am not the only one who will be doing this. And these days losing inward investment for any country is gonna hurt.

By the way, I will not be selling my apartment until I have the keys and I reccomend that anyone that is selling to only do it on a cash basis and using a lawyer. I tried selling mine to a buyer who had a mortgage only to be stiffed by the local bank/buyer and it cost me £10k in lawyers fees to get my property back.

:soapbox:

Please can you help me with the photo's, I don't know how to enlarge these pictures. I have video is it possible to down load it here?
Thanks God bless

http://img27.imageshack.us/img27/6179/pic6tvx.jpg
http://img8.imageshack.us/img8/9237/pic7ykm.jpg
http://img39.imageshack.us/img39/2063/pic8gvm.jpg
http://img13.imageshack.us/img13/9637/pic9j.jpg
http://img12.imageshack.us/img12/6352/pic10nbu.jpg
http://img13.imageshack.us/img13/106/pic11e.jpg
http://img39.imageshack.us/img39/4139/pic12l.jpg
http://img27.imageshack.us/img27/6379/pic13g.jpg
http://img25.imageshack.us/img25/6139/pic14qad.jpg
http://img13.imageshack.us/img13/6057/pic15l.jpg
http://img39.imageshack.us/img39/1395/pic16x.jpg
http://img4.imageshack.us/img4/5637/pic17j.jpg

Pic 15 and 16 is of the utility room
rest are of the bedroom inc the view from the balcony

you should copy that line which has IMG code for forums

http://img8.imageshack.us/img8/9237/pic7ykm.jpg

http://img39.imageshack.us/img39/2063/pic8gvm.jpg

http://img13.imageshack.us/img13/9637/pic9j.jpg

http://img12.imageshack.us/img12/6352/pic10nbu.jpg

http://img13.imageshack.us/img13/106/pic11e.jpg

http://img39.imageshack.us/img39/4139/pic12l.jpg

http://img27.imageshack.us/img27/6379/pic13g.jpg

http://img25.imageshack.us/img25/6139/pic14qad.jpg

http://img13.imageshack.us/img13/6057/pic15l.jpg

http://img39.imageshack.us/img39/1395/pic16x.jpg

http://img4.imageshack.us/img4/5637/pic17j.jpg

Please can you help me with the photo's, I don't know how to enlarge these pictures. I have video is it possible to down load it here?
Thanks God bless

vide you can upload also www.imageshack.us but maybe www.tinypic.com is better

anyway the finishing is good I saw many times , still need the final painting and cleaning , just look the pics , everything is just full of dust, rubbish everywhere

Looks like lot of finishing required yet, my advise to ETA -- after ramadan, flood the building with a million workers and get the damn building finished.

Looks like lot of finishing required yet, my advise to ETA -- after ramadan, flood the building with a million workers and get the damn building finished.

ETA is not paying attention to anybody.
I am looking at the pics and thinking the building has lot of work still to be done. I still think it won't be ready for delivery till mid to end of 2010.

Collective action , constatnt and regular calls from owners to the developer may make them put more workers and finish the building.

My husband called ETA today and they told him the building will be ready in November – December.
... Anyway, nobody is working there after 1 PM …

My husband called ETA today and they told him the building will be ready in November – December.
... Anyway, nobody is working there after 1 PM …

I called the office today and was told that they can not give me any firm date for delivery....!

In the case of both posts above, it's important with this crowd to get a name and post it here. Did the same person at ETA give different responses? It seems Roopa is the sales exec in charge of GCV2.

20/August/2009

Goldcrest Views 2

http://i31.tinypic.com/nprgh5.jpg

http://i31.tinypic.com/2a9d0e8.jpg

http://i27.tinypic.com/2qklbet.jpg

THANK YOU IMRE FOR GREAT PICTURES +++++
NICE TO SEE WORK BEING DONE.

Thanks Imre, nice to see workers on site. Good for health, keeps your blood pressure in check.

Got the letter from ETA star today confirming new completion date of 31st Jan 2010.

Got the letter from ETA star today confirming new completion date of 31st Jan 2010.

This is becomming a joke now.

I am so sick of this constant stringing along that they are doing. Then in Jan they will send out another letter to say it will be March 2010 etc etc etc. I think they know we are powerless thanks to no government / official support. I am too angry to write everything I want to say.

I feel sorry for myself and all of you (especially those with mortgages) for getting mixed up with these jokers. I hope justice will prevail one day.

01/September/2009

Goldcrest Views 2

it seems they got some money, many workers there, cladding in full progress

http://i26.tinypic.com/21o99qd.jpg

http://i26.tinypic.com/2eulbhw.jpg

http://i32.tinypic.com/2s78kdg.jpg

Pray for their health and wealth , only then we will get our apartment. Why are they playing with our health? Why not give us one final date? It is bad and sad news. God help them.

This is the first good news for months! :banana:

We have received the letter as well:

"Subject: Revised completion date for Goldcrest Views 2
Further to our letter dated 24th March 2009, we would like to inform you that the project is substantially completed (94% completed) and shall be handed over to you at the earliest. Due to the continuing Force Majeure occurrence and the delays from utility providers- Palm District Cooling and Dubai Electricity and Water Authority, we are hereby informing you that there would be a further delay of another 4 months.
The consultants have reassessed the situation and estimated a further period of 4 months is required to hand over the completed project under the present circumstances. Accordingly, the completion of the above Unit is also revised and extended to January 31st 2010.
We sincerely regret for the inconvenience caused due to the delay and we thank you for your patience we assure you of our best efforts to deliver the project as scheduled above.
Sincerely,
For Star Giga Establishment Limited."

The letter was signed but no name in clear was mentioned so we cannot contact that person for futher details.
Even that looking at the building it was very clear that they will not complete the work in Sept, I find this letter insulting ...

roxi, have you paid in full?
I'm wondering why certain people receive these notifications while others don't.

Blaming the Palm District Cooling and DEWA just rubbish ,clearly see the main problem was the money, I think the Arabian Aluminium (cladding contractor) was waiting for the payment thats why they had just limited team there.

Maybe same with the Al Meraikhi (main contractor)

Now it seems the problem solved, many cladding teams working again.

What can I do with the delays ? nothing, at least I dont need to pay the final payment and the maintenance and hopefully the market will be better in 2010.

Come to think of it, at least they are honest and will finish the project. I paid al-atar group in 2004(Global Point), they have not even started the project and now they are not going to build at all. I have tried to contact them for refund, there is no response from their side.

I also got the letter today but we are missing the point here, ETA are classing the delays as Force Majeure, THAT MEANS NO COMPENSATION.

I also got the letter today but we are missing the point here, ETA are classing the delays as Force Majeure, THAT MEANS NO COMPENSATION.

I have just received letter from ETA via DHL

I also got the letter today but we are missing the point here, ETA are classing the delays as Force Majeure, THAT MEANS NO COMPENSATION.

Are You going to accept it just like that....?

This is the time to think about what we all should do.
Only collective action will work if we are to demand any compensation.

READ NIKI 2009 POSTING ON GOLDCREST EXECUTIVE TREAD IT MAKES SENCE
I STILL HAVE AN EMAIL SAYING ETA ARE GOING TO PAY COMPENSASHION FROM DECEMBER 2008 THAY CANNOT HIDE BEHIND FORCE MAJEURE RUBBISH.

READ NIKI 2009 POSTING ON GOLDCREST EXECUTIVE TREAD IT MAKES SENCE
I STILL HAVE AN EMAIL SAYING ETA ARE GOING TO PAY COMPENSASHION FROM DECEMBER 2008 THAY CANNOT HIDE BEHIND FORCE MAJEURE RUBBISH.

How do I get to that thread...?

^^

http://www.skyscrapercity.com/showthread.php?t=175117&page=15

How do I get to that thread...?
CLICK ON JUMEIRAH LAKE TOWERS AT THE TOP OF THIS PAGE.

^^

http://www.skyscrapercity.com/showthread.php?t=175117&page=15

Thanks

I am thinking of setting up a conference call to get all of us to talk to each other and see if we can get an action plan on the compensation. Determine what we want to get relieved off in terms of our obligations and how to go about it.

Please let me know who is interested and I will send the bridge details and time for the call.

about the corpus found,

actually they said its just a security cheque which covers around 3 years service charge.

They will encash if you dont pay the SC.

If true , I think its a good idea , I know some towers where 75-80% of owners dont pay the SC .

roxi, have you paid in full?
I'm wondering why certain people receive these notifications while others don't.

We have bought this from the secondary market and the apartment is mortgage with NBD so we are paying the loan every month. It’s very bad …

about the corpus found,

actually they said its just a security cheque which covers around 3 years service charge.

They will encash if you dont pay the SC.

If true , I think its a good idea , I know some towers where 75-80% of owners dont pay the SC .

I agree and its the norms in most places.
so lets not get sidelined by the Corpus Fund...
We do need compensation though.

I am thinking of setting up a conference call to get all of us to talk to each other and see if we can get an action plan on the compensation. Determine what we want to get relieved off in terms of our obligations and how to go about it.

Please let me know who is interested and I will send the bridge details and time for the call.

Any action we can think of, conference call, meeting with the ETA ets is a good idea.
I am available for conference call any day from 7 Am to 11PM
Washington USA time.

That is what I suggested for the owners of Goldcrest Execuitve, being one of them. I recommend you at Goldcrest Views 2 take similar action:

RERA stands for the Real Estate Regulatory Agency (Dubai Government).

Call centre number is +971 4 2221112
Website: www.rpdubai.ae

I spoke to RERA this morning and explained the situation. They advised me that both the corpus fund and the increased maintenance fee should have been approved by RERA. In this case ETA Star must show us the approved resolution by RERA for collecting corpus fund (they never heard of this) and the increased maintenance fee. This resolution should have RERA's hologram (logo) and stamps.

If they do not show this document - then it is completely illegal and we need to come with our contracts to the RERA offices.

I suggest we all call RERA and complain. They note every call and will approach ETA Star themselves with inspection in case there are many complains.

That is what I suggested for the owners of Goldcrest Execuitve, being one of them. I recommend you at Goldcrest Views 2 take similar action:

RERA stands for the Real Estate Regulatory Agency (Dubai Government).

Call centre number is +971 4 2221112
Website: www.rpdubai.ae

I spoke to RERA this morning and explained the situation. They advised me that both the corpus fund and the increased maintenance fee should have been approved by RERA. In this case ETA Star must show us the approved resolution by RERA for collecting corpus fund (they never heard of this) and the increased maintenance fee. This resolution should have RERA's hologram (logo) and stamps.THANK YOU NIKI FOR INFO:

If they do not show this document - then it is completely illegal and we need to come with our contracts to the RERA offices.

I suggest we all call RERA and complain. They note every call and will approach ETA Star themselves with inspection in case there are many complains. THANK YOU NIKI FOR INFO:cheers:
I HAVE LODGED A COMPLAINT TO RERA ABOUT CORPUS FUND AND ETA TRYING TO HIDE BEHIND FORCE MAJEURE SO WE GET NO COMPENSTION
THE MORE OF US COMPLAIN THE BETTER.

THANK YOU NIKI FOR INFO:cheers:
I HAVE LODGED A COMPLAINT TO RERA ABOUT CORPUS FUND AND ETA TRYING TO HIDE BEHIND FORCE MAJEURE SO WE GET NO COMPENSTION
THE MORE OF US COMPLAIN THE BETTER.

Keep us updated on the outcome. We have a few complaints submitted from different owners and will track them.

THANK YOU NIKI FOR INFO:cheers:
I HAVE LODGED A COMPLAINT TO RERA ABOUT CORPUS FUND AND ETA TRYING TO HIDE BEHIND FORCE MAJEURE SO WE GET NO COMPENSTION
THE MORE OF US COMPLAIN THE BETTER.
Do we phone them or is there a form to fill on their website?
Thanks

Do we phone them or is there a form to fill on their website?
Thanks

Both please - phone and then submit via their website.

Both please - phone and then submit via their website.
Spoke to RERA - the number mentioned in the posting. They have stated the way to complain is first register on the wbsite (www.rpdubai.ae)-complaints section. You will be provided with a number. You then have to make the complaint in person at the RERA office in Dubai!!! I asked what happens if I am abroad -he said it must be done in person. Also another crazy thing is that the letter must be in ARABIC!! I have tried to register the case on the website and it is not letting me do it at present, The Complaints button is highlighted in red- but does not work. I called RERA and they are working on the problem. It is useless system but have to go through this rubbish process.
Will let you know once I have registered and I need to figure out how to get the Arabic letter transcribed. Any Idea? A wrong way to register a complaint when you live 6000 miles away.
Thanks

08/September/2009

Goldcrest Views 2

http://i25.tinypic.com/4lhmxe.jpg

HI GOT LETTER TODAY IM IN THE UK
WHAT A LOAD LIES IF THAY ARE CALLING FORCE MAJEURE BECAUSE OF PALM DISTRICT COOLING DUBAI ELECTRICITY AND WATER AUTHORITY WHY IS THE CLADDING NOT AND FINISHED AND TOWER CRANE STILL UP THE TRUTH IS THY HAVE NOT HAD MANY WORKERS THERE FOR SIX MONTHS.

ETA NEW NAME SHOUD BE (EXTRA TIME ALLOWED)

good news, palms on the roof :)

11/September/2009

Goldcrest Views 2

http://i28.tinypic.com/nwhspd.jpg

http://i32.tinypic.com/2v3hs40.jpg

http://i25.tinypic.com/2yjqzk0.jpg

THANKS IMRE FOR THE UPDATE- GOD BLESS YOU - IT SEEMS THIS TIME ETA WILL NOT ASK FOR EXTENTION- WORK IS PROGRESSING FAST.WE CAN EXPECT JANUARY 2010 COMPLETION!

REGARDS

THANKS IMRE FOR THE UPDATE- GOD BLESS YOU - IT SEEMS THIS TIME ETA WILL NOT ASK FOR EXTENTION- WORK IS PROGRESSING FAST.WE CAN EXPECT JANUARY 2010 COMPLETION!

REGARDS

I hope and pray that you are right.
I am holding my breath though.
Regards

good news, crane removing started today

good news, crane removing started today

THANK YOU IMRE FOR THE GREAT NEWS:cheers:

good news, crane removing started today

Thanks for this news.
What is your estimate from here on for the delivery....?

good news, crane removing started today
Made my day!!!!!!!!

Thanks for this news.
What is your estimate from here on for the delivery....?

Hopefully around Jan or Feb 2010 will be done.

Hi All,

As I have my fingers crossed hoping for a February handover, I'm preparing the total amount that is due upon handover along with additional fees. This is what I have so far apart from the final payment to ETA:

1) Registration Fee - is that 1% of the cost of the apartment?
2) Corpus Fund - AED 50 / Sqft? ETA Reps keep saying that they don't really encash this cheque.... anyone heard otherwise?
3) Maintainance fees - AED 12 /sqft?
4) Palm District Cooling Charges

Is there anything I'm missing? This has been my most frustrating investment till date and I get the feeling that there are a lot of miscellaneous charges that will pop up during handover.

Appreciate your help with this!

Special thanks to Imre for his input in the forums.

Samty

another good news, today started to remove the protective layers

another good news, today started to remove the protective layers

Thanks Imre- we need goood news - keep it coming -Bless you
Regards

I was in the Star Giga office today , I asked about the payments on handover.

final installment + service charge 12 dhs/sqft, thats all.

No corpus fund? Or did they know it wasn't in your contract? I guess it's hoping too much for them to scrap it. :nuts:

It is not in my contract thats why I asked.

I got an account statement , I have to pay the final payment and the maintenance on handover.

We will see..

Hi, Bawany:

I have sent you 2 msgs to express my interest in buying your apartment 1103. Kindly check your private msg and let me know. Thanks!

Hi, Bawany:

I have sent you 2 msgs to express my interest in buying your apartment 1103. Kindly check your private msg and let me know. Thanks!

thanks check your msg

I was in the Star Giga office today , I asked about the payments on handover.

final installment + service charge 12 dhs/sqft, thats all.

Do we have to pay service charges for the whole year?
Thanks

yes

I was in the Star Giga office today , I asked about the payments on handover.

final installment + service charge 12 dhs/sqft, thats all.

Hi Imre,

Was there any mention of compensation when they told you about the final payment?

I didnt ask the compensation , next time I will but honestly I dont think so.

I have just visited the Goldcrest Executive forum. For those of you that don't know - they are just like us except they are a couple of months ahead in terms of completion / handover etc.

And guess what? ETA are trying to cheat their way out of compensation. Many owners of GCE are being told to make their final payments but when they ask about compensation they are either being told that ETA don't have an answer or they mention Force Majure.

See the link below for yourselves.

http://www.skyscrapercity.com/showthread.php?t=175117&page=17

I have just visited the Goldcrest Executive forum. For those of you that don't know - they are just like us except they are a couple of months ahead in terms of completion / handover etc.

And guess what? ETA are trying to cheat their way out of compensation. Many owners of GCE are being told to make their final payments but when they ask about compensation they are either being told that ETA don't have an answer or they mention Force Majure.

See the link below for yourselves.

http://www.skyscrapercity.com/showthread.php?t=175117&page=17

Checking this website, page 17- the letter from ETA clearly says that they require corpus fund - cheque will be deposited in owners association account for future expense on the building. I was under the impression that they will not cash the chq- any comment. How can they charge this money from some and not from others?
Regards

Hi All,

As I have my fingers crossed hoping for a February handover, I'm preparing the total amount that is due upon handover along with additional fees. This is what I have so far apart from the final payment to ETA:

1) Registration Fee - is that 1% of the cost of the apartment?
2) Corpus Fund - AED 50 / Sqft? ETA Reps keep saying that they don't really encash this cheque.... anyone heard otherwise?
3) Maintainance fees - AED 12 /sqft?
4) Palm District Cooling Charges

Is there anything I'm missing? This has been my most frustrating investment till date and I get the feeling that there are a lot of miscellaneous charges that will pop up during handover.

Appreciate your help with this!

Special thanks to Imre for his input in the forums.

Samty

I thought the registration fee was 2%?

Any idea what the market value would be for a 12th floor studio upon completion?

I thought the registration fee was 2%?

I'm not sure if it is 1% or 2% that is why I was seeking clarification. Anyone else know? Also, is ETA supposed to share 50% of this cost?

I thought the registration fee was 2%?
YES REGISTRATION FEE IS 2%
ETA PAYS 1% OWNER PAYS 1%

Earlier this year I wrote to a reporter complaining about ETA Star and she followed up the story and it got published in the Express Newspaper (distriubuted throughout Dubai).

ETA then answered the reporter and she published their reply. It was a lie saying that they are going to deliver Goldcrest Views 2 in September 2009.

I suggest as many of you as possible write to this reporter. She has done more for us than anyone including RERA. If enough of us send our complaints and highlight the attitude of ETA and this Force Majure rubbish then at least we can name and shame ETA. They keep going on about how good and "trusted" their brand is so this should give them something to be ashamed of...

Write to (via email):

Nirmala Janssen
Editor :XPRESS
Al Nisr Media
P.O.Box 6519 Dubai- UAE
Tel:04 4067829 Fax: 04 3420433
E mail: njanssen@alnisrmedia.com

Write to any other media too - the more the better.

Time to fight back...

I was in the Star Giga office today , I asked about the payments on handover.

final installment + service charge 12 dhs/sqft, thats all.

In our contract the service charge is 8dhs/sqft for 3 years upon completion. and we don't have the corpus fund mentioned.
How is it stated in your contract?

contract says approximately 8 dhs/sqft / annum and my contract has nothing about the corpus fund

Goldcrest Views was the same , approx 8 dhs and we paid 15 dhs/sqft so I think the 12 still good.

Imre , is there a swimming pool in top roof or not ? like GCV1 ... Damn I luv these kind of tower :)

yes, rooftop pool ,jacuzzi and palm trees, someone was there and said its even better than the Goldcrest Views 1 roof , lets see :)

HI IMRE IS THE TOWER CRANE DOWN YET ANY CHANCE OF A PICTURE
THANKS INADVANCE. KIND REGARDS ANDY.

27/September/2009

Goldcrest Views 2

http://i38.tinypic.com/2irug55.jpg

http://i36.tinypic.com/30t40oh.jpg

http://i37.tinypic.com/10wlfl2.jpg

http://i36.tinypic.com/2jev8yw.jpg

http://i35.tinypic.com/2qum3us.jpg

http://i36.tinypic.com/51ydzt.jpg

http://i36.tinypic.com/2u9qqfc.jpg

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

http://i36.tinypic.com/2z74ro7.jpg

http://i34.tinypic.com/fd4zf7.jpg

27/September/2009

Goldcrest Views 2

http://i34.tinypic.com/11gr8na.jpg

http://i38.tinypic.com/2ptz21u.jpg

http://i34.tinypic.com/2remgk3.jpg

http://i34.tinypic.com/287oq5x.jpg

http://i38.tinypic.com/2zyzej6.jpg

Thanks Imre, well taken-lovely pictures- each time you see the complex it is looking great, now that you see some workers around i think this time the company will honour their 30th January 2010 deadline! Best wishes
and thanks once again.

welcome,

Goldcrest Executive handover has begun so they will have some cash and hopefully they will finish this project soon.

I saw many workers there today,maybe tomorrow they will remove the last parts of the crane.

one more pic

http://i33.tinypic.com/11aaaf4.jpg

I have been reading this blog for a while now and thought it was high time to contribute. I am very pleased to see progress again, but am doubtfull of the handover date. The force majeur is a complete farce and I feel taken for a ride, it has cost me dearly in bank loan payments. I have been told about compensation but it is very fague and frankly I dont trust I will see any,

Is it going to be lake view from all the apartments in GCV2(all around the complex) Does anyone know?
thanks

Any idea how much is a 2BR - 19 floor now or after the completion? We are thinking to sell but have heard so low prices ...

29/September/2009

Goldcrest Views 2

http://i36.tinypic.com/8vrs7r.jpg

http://i36.tinypic.com/301jbex.jpg

http://i35.tinypic.com/xwkz.jpg

http://i36.tinypic.com/2zh2kh4.jpg

29/September/2009

Goldcrest Views 2

any idea what did they doing there ?:)

http://i36.tinypic.com/2vry7bm.jpg

http://i34.tinypic.com/2v832bc.jpg

http://i34.tinypic.com/2vxi101.jpg

http://i38.tinypic.com/28tymgy.jpg

http://i37.tinypic.com/imld88.jpg

Looks as if they are transporting kitchen worktop!
regards

How will they complete the interior by feb 2010 when the exterior is still not finished?

exterior is not a big deal if they have enough money and workers, the cladding missing where was the crane.

they have still 4 months till Feb 2010, lets see.

exterior is not a big deal if they have enough money and workers, the cladding missing where was the crane.

they have still 4 months till Feb 2010, lets see.
I thought it was January 20101 Any way it does not matter anymore.Complex looks great from the outside.

yes, end of Jan 2010 which is almost Feb :)

yes, end of Jan 2010 which is almost Feb :)

you are right

Just saw some inside photo's of GCE and they look great- finished to very high standard- hope GCV2 has quality finish.

Does anyone want to sell his apartment, please send me a msg ...

Hi, Guys:

Please read this article through the link below
http://www.xpress4me.com/news/uae/dubai/20015199.html
As it mentioned that the progress of goldcrest view 2 so far has completed 94% according to ETA.
In that case, will they complete the whole thing by end of Jan next year?

^^ Well if a etastar spokesperson has stated in the media that completion is end of Jan 2010, then more likely it will be ready. However, handover of units and them being ready for occupation are two different things.

BTW, why cant I find GV2 on the RERA website?

http://img340.imageshack.us/img340/6136/dubaisept2009394.jpg (http://img340.imageshack.us/i/dubaisept2009394.jpg/)

great , even bigger trees than on the Goldcrest Views roof :)

http://gulfnews.com/business/property

Check it out for news on GCV2 GCE under business- property

so no one know why I cannot find GCV2 on the RERA website?????????????????

so no one know why I cannot find GCV2 on the RERA website?????????????????
RERA SAY THERE LIST IS NOT COMPLETE, IT IS BEING UPDATED.
THE UPDATES WILL BE AVAILABLE SHORTLY.
IF IT IS LIKE ETA IT WILL BE A LONG TIME!:lol:

HI GUYS

LOOK AT NEW PICTURES ON ETA WEBSITE
NOW SAYING PROJECT COMPLETION 15th DECEMBER 09
WHAT A LOUD OF BULL ANOTHER WIND UP

^^ Well dont you think that apartment looks almost finished in the pic? Maybe the exterior wont be finished and still a lot of the units wont be ready...but I reckon they will start handing over a handful of units in dec 2009???....:)

And are they claiming the painting of units almost completed to 15th floor?

^^ Well dont you think that apartment looks almost finished in the pic? Maybe the exterior wont be finished and still a lot of the units wont be ready...but I reckon they will start handing over a handful of units in dec 2009???....:)
THAT IS THE SHOW APARTMENT IT WAS LIKE THAT IN MARCH THIS YEAR:lol:

o well, that shows how much i know...not much :bash:

HI GUYS

LOOK AT NEW PICTURES ON ETA WEBSITE
NOW SAYING PROJECT COMPLETION 15th DECEMBER 09
WHAT A LOUD OF BULL ANOTHER WIND UP

work in progress, I see the site every day , workers there and doing the cladding of the crane place.

I dont think so in this year but should be done around Q1 2010.

:cheers:

fence work has begun behind the Goldcrest Views 2 , I think mosque going to be there :)

deleted

28/October/2009

Goldcrest Views 2

http://i37.tinypic.com/nda0e8.jpg

http://i38.tinypic.com/121918z.jpg

http://i38.tinypic.com/23slxy.jpg

http://i36.tinypic.com/2mx4kds.jpg

^^ Looks like no further progress from the last pics

just have a look better , aluminium works almost done on the fins .

protective layers removed at the Jumeirah Island side, removing now from the Bonnington side.

just few scaffolding left on the roof.

developer said cladding will be done after 2-3 weeks, we will see.

THANK YOU IMRE FOR UPDATE LOOKING GOOD.

03/November/2009


http://i33.tinypic.com/qqc0u0.jpg

No euipement any more around the building....this is good.....

06/November/2009

Goldcrest Views 2

http://i38.tinypic.com/153buq9.jpg

I am planning a visit to dubai next week and want to see GV2...do I need permission for a visit or can I go into the construction area?

I am planning a visit to dubai next week and want to see GV2...do I need permission for a visit or can I go into the construction area?

I went a couple of weeks ago and the watchman wasn't too keen, said there was only one lift working, and being used by the workers. Since we're on 3 flr, we could walk up the stairs, so he let us in.
I'd call Roopa at ETA to be sure.

I am planning a visit to dubai next week and want to see GV2...do I need permission for a visit or can I go into the construction area?

Would you please share your thought after your visit to GCV2, for the benefit of us all who are overseas, regarding quality and possible completion month.
Regards

Anyone interested in exchanging their 1 bedroom appt in Gold Crest Views 2 with a studio in the same building? I will pay the difference. Please pm me.

I visited GV2 a few days ago and the security man was kind enough to take me to my unit to have a look. I noticed a lot of faults and unfinished areas....eta will need to get a move on if they are to get this tower finished soon!

http://i46.tinypic.com/156tqvo.jpg

http://i50.tinypic.com/20f3zh0.jpg

http://i46.tinypic.com/kbvjwx.jpg

http://i45.tinypic.com/33m4h6v.jpg

laguna33p, check your PM.
G

laguna33p, check your PM.
G

Please share details with me. I am interested as well.

Please share details with me. I am interested as well.

Me too.
Regards
Arshad

I visited GV2 a few days ago and the security man was kind enough to take me to my unit to have a look. I noticed a lot of faults and unfinished areas....eta will need to get a move on if they are to get this tower finished soon!


Laguna,

Thanks for the pics. What floor is this apartment on and is it a 1 bed or other?

Arshad/Tailspin, check your PMs

I have just sold my studio and felt it relevant to laguna33p to tell him of my experience, reasons for doing so, and eventual price.
No real drama here :)