Re Dazza101: Good post.

Re docc: Preference is personal. I prefer a non-golf course view, as I find the golf view homes very close to the tee boxes - kids shouting in the pool, raucous bbqs will be interesting when players tee off! If you go into the individual development websites, they will have updated piccies. The JGE website is very outdated - probably can't afford the staff to update! The old Al Khail roundabout will be the flyover with direct access to JGE. Something like the Arabian Ranches one, but on a smaller scale. You will not have to go to Green Community r/about and come back.


Re sulien: Immediate issue is the DEWA sub-station connection to the Estate with DEWA and Nakheel. Grateful if you can get an honest assessment of situation!

anyone got photos of sienna lakes, see how they are getting along. also any handover dates ?

I may be biased because I have a villa on Sienna Lakes but the position and specification is excellent. I have viewed Lime tree Valley and while these villas are lovely the specification at Sienna Lakes is even higher. There is a Poggenpohl kitchen with 13 Miele appliances, Villeroy & Boch sanitary ware and Grohe sanitary fittings, wardrobes by Del Tongo, hardwood bedroom floors, and Bang & Olufsen television and audio player.

I have developed high specification property in the UK myself and I have been very impressed by the quality of the build. The villa has proper cavity walls with insulating foam and the roof will be insulated as well. The windows look to be of a high quality. It has its own air conditioning system cleverly built into the false ceiling. The building contractor is one of the best in Dubai.

I am lucky that I have a full golf course view as less than half of the villas will actually have such views. I believe that villas with golf course views will command quite a premium

Hi Minivet,

Just to play devils advocate. Many times a developer writes in the contract forex Miele appliances OR SIMILAR, and the you find out they have put in some shitty appliances. It seems the thing to do in Dubai. Do you know if Tulip are going to keep their word and fit these high end finishings ?
have you been to site lately? any idea how villas are progressing ?
Any sign if DEWA connecting or of the infrastructure roads being developed?

thanks for info.

I have found Tulip to be a highly professional company. They also still have some villas to sell, I see no reason that they will not honour the specification detailed in the contract.

any idea what price per foot they are selling at.? golf view villa?

Some good info here! Well I went on site last week to take a look, and was very impressed; construction seems to be in full swing for most developments. Although it seemed as if Sanctuary falls had the most amount of construction happening on site. Sienna lakes also seemed to be progressing well. I’ve been looking into the quality and floor plans of the different developers to see which developer has the highest quality and the best floor plans. I think the quality being offered in the different development is completely different. All the developers are saying that they offer high quality finishes but I found Sanctuary Falls showing exactly which finishes they are offering, and they will allow me to choose my interior theme. I spoke to the others and no one except Fireside is offering that option to choose. But then Fireside is also asking for buckets of money.

I did have the choice of interior finish. I chose the Poggenphol kitchen, the ward robes and the hard wood flooring etc. This is why the Sienna Lakes specification is so good compared to the others. The location is also superior and the builder constructing the villas first class.

I am not sure what price per square foot they are going for. However, I get the impression that golf view villas will command a premium in excess of 20% If you check out all the developements less than half of the villas have a proper golf view. All the villas will be great with two superb golf courses and high class liesure facilites but most people will want a golf view

Hello All,

I checked out the sanctuary falls website, looks very impressive in comparison to the other projects on JGE, found a facebook link too!

http://www.facebook.com/photo.php?pid=43070&id=516923232#!/pages/Dubai-United-Arab-Emirates/Sanctuary-Falls/200474985128?ref=ts

I was at the JGE site today looks like Sanctuary Falls is coming along really nicely. I have been following this project since 2007 and I am sure that this will be a masterpiece of JGE. You can simply compare Arabtec's construction with that of the others they are clean as a whistle. It is blocked construction as opposed to tilt up construction which means these will be best in terms of quality and finishing. I would personally put my money there for sure...

^^ Would be great if you could post some pictures. Thanks.

FlameTree Ridge

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Limca,
olive point and Sienna Lakes are both brick work construction and hey too are of very high quality. Sienna Lakes and Olive point are not funded by investors money so the projects will comlete regardless. This gives peace of mind to the end user investor. I have heard that whispering pines has stopped constrution! any updates on that ?

Sienna Lakes

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^^ Very nice photos. Thank you very much Ducco.

It's easy to see why this place will become a fantastic development to live in. The golf course and the open areas look brilliant.

Last bunch

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Seems like Flame Tree Ridge is the most advanced in terms of construction. I wonder when the first residents will start moving in and also what impact this will have on the rental market considering it's all high end living.

Seems like Flame Tree Ridge is the most advanced in terms of construction. I wonder when the first residents will start moving in and also what impact this will have on the rental market considering it's all high end living.

The masterdeveloper, Leisurecorp or Nakheel or Dubai World or whomever is responsible for the infrastructure notably utilities! They will have to decide to which projects to allocate their dwindling resources; some hard choices to be made there. Jumeirah Golf Estates has an edge over other unfinished projects within the group as A) the golf course is operational and contributing to brand Dubai; B) considerable claims from third party community developers and C) it has the highest potential.

Access and proximity to facilities need to be improved as the nearest outlet would be far far away (Green Community or Sports City). No easy situation with teenagers I guess.

does anyone know what price Sienna lakes is commanding at the moment?

I would imagine you could pick up a sienna lakes in the mid to high tens these days. I think that will creep into the 11s when handed over with DEWA connections etc.
This would mean the seller taking a hit of about 750k for a golf course facing unit. Havent seen many on the market. I have one which I am holding onto but have a friend who may sell although it is not on the market. Mosdt of these may have been bought by end users by the looks of it.

Can somebobody list the developments in JGE which construction has stopped, or which have been cancelled.

Nice pics. any idea which development within JGE would have the best floor plans?

^^ I'd advise you to go through the individual websites which are quite detailed in terms of amenities, floor plans etc.

I have a site visit this week, i have also recieved my completion letter for phase 1 which according to Tulip should be April, i would put my £ on August though, dewa still hasnt been connected :bash:

I am looking to offload our JGE Villa at Sienna Lakes - should anyone be interested feel free to PM me.

I have a site visit this week, i have also recieved my completion letter for phase 1 which according to Tulip should be April, i would put my £ on August though, dewa still hasnt been connected :bash:

Hi Pauldxb:
If you have time, pl drive past the substation, as I am told it has stopped being built, as has the JGE clubhouse. Although I also hear that they won't take long for completion once they restart. Good luck with the site visit.

Lime Tree Valley is the most advanced of the developments ( see this months Freehold Monthly which features some beautiful pictures of the golf course and villas). It looks as though they will be ready for hand over after the summer as it will take at least 6 months for Nakheel to complete the infrastructure and roads. Rumour has it that there will be an announcement from Dubai World within two weeks confirming distibution of Abu Dhabi funds to JGE and other beneficiaries.

I have a site visit this week, i have also recieved my completion letter for phase 1 which according to Tulip should be April, i would put my £ on August though, dewa still hasnt been connected :bash:

Dear pauldxb - i think youre right about completion date being much later this year but what does the 'completion letter' say. I know investors of other villas on districts with a lot more advanced villas have not recieved this type of letter. Is it a formal letter saying that Tulip have finished the villa? Thanks

Dear pauldxb - i think youre right about completion date being much later this year but what does the 'completion letter' say. I know investors of other villas on districts with a lot more advanced villas have not recieved this type of letter. Is it a formal letter saying that Tulip have finished the villa? Thanks

It is a formal letter confirming completion of villa between April - August

It is a formal letter confirming completion of villa between April - August

What I don't understand is how they can handover between April and August, when the DEWA connection wouldn't have been made. With the expensive wooden cupboards, etc. in the kitchen and bedrooms, and of course the landscaped garden all needing either ambient temperatures or irrigation, where will the electricity and water come from? A loud, diesel generator outside your front door? The costs will be massive!

What I don't understand is how they can handover between April and August, when the DEWA connection wouldn't have been made. With the expensive wooden cupboards, etc. in the kitchen and bedrooms, and of course the landscaped garden all needing either ambient temperatures or irrigation, where will the electricity and water come from? A loud, diesel generator outside your front door? The costs will be massive!

I had my site visit this week... I was happy to see all of the super structures for all 3 phases completed & nearly all phase one villa had been primed & roof tiling was underway, I was very suprised to see all of my bathroom wall tiles had been fitted & they had a huge marquee chilled with 2 generators inside the marquee was all the marble, kitchens, wardrobes etc etc...

JGE had also nearly finished the internal road network around the entire development excluding... yep Sienna Lakes LOL but there were workers on site preparing the roads. I saw a few workers at the club house but not enough, Sienna Lakes & Olive Point have 1100 workers on each site.

Subject to DEWA being connected i think July is a good estimate for phase 1 completion

Hi Pauldxb:
If you have time, pl drive past the substation, as I am told it has stopped being built, as has the JGE clubhouse. Although I also hear that they won't take long for completion once they restart. Good luck with the site visit.

This is certainly true for the clubhouse, there are no plans to complete it currently. Pretty much all of the infrastructure guys working for JGE/Nakheel were laid off about 3-4 weeks ago.

The temporary one erected for the DWC is more than adequate for the current member (all 30 of them ;)), just a shame the 'proper' one looks so incomplete with it's position on the site

I had my site visit this week... I was happy to see all of the super structures for all 3 phases completed & nearly all phase one villa had been primed & roof tiling was underway, I was very suprised to see all of my bathroom wall tiles had been fitted & they had a huge marquee chilled with 2 generators inside the marquee was all the marble, kitchens, wardrobes etc etc...

JGE had also nearly finished the internal road network around the entire development excluding... yep Sienna Lakes LOL but there were workers on site preparing the roads. I saw a few workers at the club house but not enough, Sienna Lakes & Olive Point have 1100 workers on each site.

Subject to DEWA being connected i think July is a good estimate for phase 1 completion

Obviously there is a huge difference between 'completion' and 'hand-over'. Nakheel currently have zero funds to pay for this development so works on site on Flame Tree Ridge, Whispering Pines, Fireside and Utilities will not start again until funds are drawn down and then it will take at least 6 months to complete the main sub-station plus roads etc. Look at September / October as a 'possible' hand-over date of the first communities ( Lime Tree Valley) followed by others. By the way, there are over 170 members now at the club house. Lets get facts straight in these threads.:cheers:

I heard there were 11 members! great to hear there are so many members. JGE must have given out some significant discounts to lure members. It is a public course now though too right? twilight golf at 250aed after 2pm... why would you bother to become a member?
Lime tree will not survive until September. CHI will have failed its contract enabling investors to sue them for their contracts. This is a very challenging time for all down in JGE.

I heard there were 11 members! great to hear there are so many members. JGE must have given out some significant discounts to lure members. It is a public course now though too right? twilight golf at 250aed after 2pm... why would you bother to become a member?
Lime tree will not survive until September. CHI will have failed its contract enabling investors to sue them for their contracts. This is a very challenging time for all down in JGE.

I see conclusions, I see hearsay and I see opinions but what is missing are the facts supporting lashing out like that. Sure these are challenging times.

DUCCO, hold on a second. I am supporting that there are so many members. I know that JGE drastically reduced their membership fees to lure members that is fact, it is fact that it is about 250 chips for twilight golf and it is my question as to why bother becomming a member with such low rates available to the general public? it makes no sense to join the club.
The FACT is that CHI will be out of contract come september and will be in a position to be sued by investors should DEWA not be connected.

DUCCO, hold on a second. I am supporting that there are so many members. I know that JGE drastically reduced their membership fees to lure members that is fact, it is fact that it is about 250 chips for twilight golf and it is my question as to why bother becomming a member with such low rates available to the general public? it makes no sense to join the club.
The FACT is that CHI will be out of contract come september and will be in a position to be sued by investors should DEWA not be connected.

regarding membership - it makes sense to have external members to ensure that there is a good flow of traffic trhought the two courses. I cant imagine members are that concerned as 20k pa is still good value in the scheme of things looking at other fees in dubai?

Without meaning to be naive either - why would anyone sue the developers of lime tree valley? Its not going to help anyone in that type of scenario. They have finished their villas and from what can be seen, they are very attractive and not unreasonably priced. At least the investors have a product that they can sell one day or even live in. news on the street is that Dubai World will be announcing funding in the next week or so. Deloittes have complted their review of the DW issues and JGE gets the green light. :)

regarding membership - it makes sense to have external members to ensure that there is a good flow of traffic trhought the two courses. I cant imagine members are that concerned as 20k pa is still good value in the scheme of things looking at other fees in dubai?

Without meaning to be naive either - why would anyone sue the developers of lime tree valley? Its not going to help anyone in that type of scenario. They have finished their villas and from what can be seen, they are very attractive and not unreasonably priced. At least the investors have a product that they can sell one day or even live in. news on the street is that Dubai World will be announcing funding in the next week or so. Deloittes have complted their review of the DW issues and JGE gets the green light. :)

Any news on the green light from JGE ?

Any news on the green light from JGE ?

we understand that Dubai Worlds decision is imminent, i.e any day now. It is noticeable that there has been trickles of good signs in the financial markets as they respond to news. :banana:

I understand the news is coming very soon as well. On the grape vine have heard that JGE is looking strong though given the quality of development... Fingers crossed... I would however suggest that IF it is good news then things wont be back to full steam ahead immediately but it will definately be a step in the right direction.

Hello all,

We have a golf view villa at Sienna Lakes and are interested to SELL or to CONSOLIDATE with an other villa at SL or OLIVE POINT..
Kindly get in touch or advise of possibly interested parties.

Best regards
20yrsdxb

From a recent visit to JGE the following:

Main DEWA Substation:(MSS)
NO Work ongoing! Concrete and block-work mostly complete, No plastering and painting yet. Some internal wiring in place. All?? Definately no powercables to the MSS yet. NO switch yard. None of the 3 main transformer (MT) in place. There are 3 small transformers on foundation but not connected. Assume NO switch-gear installed. Even if MT would be delivered today it would take another 6 month for installation and commissioning of the power supply to the various developments.
Does any body know if DEWA standardises on the 130/11KV transformers and if DEWA has such in stock, or if they have to be ordered separately for each zone/district, like JGE. Also, who pays for and who contracts the MSS? DEWA or JGE?

Power Distribution System within JGE (PDS):
NO WORK ongoing. The PDS is under direct JGE responsibility and includes all cabling (already in the ground??) and distribution substations (not yet built).

Sienna Lakes:
According to RERA the project is over 60 % complete. There are about 1200 workers at site and project is progressing fast. At the pace SL are going they could complete within about 6 months, except for wood and other work which needs power to be available. Quality of construction and materials used, as can be seen, is excellent. Once completed it will be smashing.
SL-Tulip is also cooperative in providing information like interim registration, progress etc.

Flame Tree Ridge:
As typical, Nakheel, who is now handling the JGE affairs, is still as arrogant as always and NO INFO is made available even on issues "within their control", like construction progress and there like.
The development is no more than 40% complete. On villas 1 to about 20 only the concrete structure is up but no block work yet. Some villas around no. 55 (higher and lower) have electrical and plumbing installations.
Presently there are only about 230 people working at site. The quality of work and the materials used sofar are very good. Also this development will look smashing once completed.

Completion & Handover;
With so much infrastructure missing (only some periferal roadworks ongoing), we should not expect handover of the villas before a year from now!?!
Alone the installation, commissioning and acceptance of the MSS and the PDS will in my opinion take about 9 month from resumption of work.

RECOURSE:
This will make the project about 2 years late. What are our chances for compensation, or the right to return the villas?

Despite of all that i wish you a good day!

Dear All . I am looking to track down the last remaining investors in (juniper way) project in Jumeirah Golf Estates which on hold for long time. I need to track where our money gone ,we have been waiting for the last 18 months no result at all neither JGE nor Nakheel give us an answer. Please contact me if you are an owner. thanks

Dear All , I need some help as I don't know whether to go immediatly to Reera or wait untill see some result from Nakheel and JGE .
the project which we bought our villa in is Cancelled :bash: ,we paid 20% which was alot of money at 2008 .
till now nothing happened on ground and they (Nakheel &JGE)keep tranqulizing us with no action ,recently it came to my knowledge that there is some legal issues between Nakheel and JGE .

what shall I do ?and what you suggest .

Plz if you have any previous experiance I appreciate your feedback .

Best regards

Clodia

So, Has there been any word that a portion of these funds will be allocated to JGE ? I know that they have said nearly completed projects will be getting first funds but does that include JGE?. I would imagine it will take a few months to decide the allocation and therefore a year before they finish the dewa connections!! any ideas??

Just got a letter from my developer (Sanctuary Falls) to say handover now pushed back to December. All dependent on DEWA finishing off the sub-station - previously posted. No news of funds into JGE yet.

I was on site again yesterday was impressed with the standard of the villas. They are far superior to most properties in other villa projects across the rest of Dubai. The plot sizes are tiny and only time will tell how important this becomes for end users. The views of the golf course, from our villa at least, are stunning so that is some compensation for the small garden.

In addition to owning villas at JGE we also run a brokerage firm here. I can report that there is some activity in the villa market but quite often JGE will not be considered by the buyers, who are largely end users. The issue continues to be that there is no definite idea, it seems, of when these proeprties can be handed over to the owners.

I wander if anyone has any updates on cashflow and the recommencement of works.

Dear All, I just spoke with the office of developers of Olive point and Sienna lakes, they say their villa are at completion and next month handover is due. Is that true? has anyone has any updates on the actual progress.

Regards,

Dear All, I just spoke with the office of developers of Olive point and Sienna lakes, they say their villa are at completion and next month handover is due. Is that true? has anyone has any updates on the actual progress.

Regards,

Sure it is true. Just as what they will be saying next month will be true. Welcome to the forum.

THE TRUTH !!!!

I had a meeting with JGE last week, the man i met was very honest. He informed that Sienna Lakes (where my villa is) is progressing very well & the interior finishes are very good. Sienna Lakes should be the third sub development to get DEWA connected (DEWA will be connected in stages, this is related to the completion of each individual sub development) Lime Tree Valley will be the first sub development to have DEWA as the villas are ready. The funds have been assured for both Fire & Earth developments including infrastructure BUT work will not re-start until the end of June. In his honest opinion he belives the first resident (Lime Tree Valley) will be moving in early feb with sienna lakes early april. He also informed me Tulip (the developer of Olive Point & Sienna Lakes are financially secure) Inshallah :bash:

THE TRUTH !!!!

I had a meeting with JGE last week, the man i met was very honest. He informed that Sienna Lakes (where my villa is) is progressing very well & the interior finishes are very good. Sienna Lakes should be the third sub development to get DEWA connected (DEWA will be connected in stages, this is related to the completion of each individual sub development) Lime Tree Valley will be the first sub development to have DEWA as the villas are ready. The funds have been assured for both Fire & Earth developments including infrastructure BUT work will not re-start until the end of June. In his honest opinion he belives the first resident (Lime Tree Valley) will be moving in early feb with sienna lakes early april. He also informed me Tulip (the developer of Olive Point & Sienna Lakes are financially secure) Inshallah :bash:

you mean early feb and april 2011?

I'm looking to purchase a villa in JGE. Looking for very distress sale. Pls make offers.

Thank you

I'm looking to purchase a villa in JGE. Looking for very distress sale. Pls make offers.

Thank you
I have a 5 B/R villa in Sanctuary Falls on JGE. Pls email me on bhatiak@eim.ae for details.

Hi all..Following 'Pauldxb', just thought I would add I have heard the same from the master developer. Not ideal but at same time I guess there is an element of fortune given many other projects have recently been scrapped or put on the shelf indefinately. My understanding is the master developer has definately been given the green light but these things dont happen over night so there will be a lag time for a month or so and then the fact is it is summer and Ramadan are upon us so immediate progress probably isnt going to be what it could be potentially at another time of the year. I believe infrastructure works are now ongoing again, unfortunately from our (homeowner) view points though you cant see much of this so I guess we tend to think little is happening.

I genuinely do however think that we will significant progress on the fire and earth properties before the Dubai World Championship in Nov this year but i doubt handover on any districts will occur prior to this (or in fact prior to the new year). Fortunately the properties are the priority of at this stage over the clubhouse,

I'm sure this isnt what we all want to hear but at the same time it is the best outcome of a bad situation and at least we can have some confidence that properties will be finished. Better to have a property finished late I guess than not finished at all!

you mean early feb and april 2011?

YES 2011

Olive Point villas update:

http://www.rpdubai.ae/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/617_4429.jpg&projectName=Progress%20Indicator%20of%20Olive%20Point

pls let me know

pls let me know
Bit confused..Do u want to buy or sell JGE villas??

Hi Paul,
Not sure if u got my earlier msg..cud u pls call me on 050-4574667.
Thanks,
Kamlesh Bhatia

I had a site visit last week & i have to say the developer is doing everything they can, they just need Leisurecorp to commit their end, for example my villa has been fully painted inside & out, the marble is in throughout the villa & all bathrooms have now been finished. Leisurecorp have already increased their staffing levels as funds have now been released & they expect the workforce to triple after Ramadan.... Inshallah !

Guys. I am looking to track down the last remaining investors in Olive Point in Jumeirah Golf Estates. Please contact me if you are an owner. thanks

Hello new to the site I am a owner on olive point please add me to your list .j

Sure it is true. Just as what they will be saying next month will be true. Welcome to the forum.

Last I looked at my Vila on olive point was June it looked no different from 6 months before the main problem is lack of infrastructure Lime Tree valley is finished but no Dewa no roads I can't see this project being handed over for at least 24 months from now maybe someone has some better news if the matter draws on what legal right do we have tulip have lied to me all along they know full well this is no where near completion as do the other developers.

Last I looked at my Vila on olive point was June it looked no different from 6 months before the main problem is lack of infrastructure Lime Tree valley is finished but no Dewa no roads I can't see this project being handed over for at least 24 months from now maybe someone has some better news if the matter draws on what legal right do we have tulip have lied to me all along they know full well this is no where near completion as do the other developers.

Sienna Lakes which is also being developed by Tulip seems to be more advanced than Olive Point, as i said on a previous post the marble floor is complete throughout my villa & all my bathrooms are nearly in, the roof is complete & they have just started painting the villa. The villa that they are using as the show villa is also nearing completion. I have a friend at Nakheel / Leisurecorp & he honestly thinks that I will be in my villa by April 2011. According to him after Lime Tree Valley & another development (memorys gone blank) Sienna Lakes will then have the dewa connected.

Hi Everyone
I am new to the forum and have a house on Flame Tree Ridge.
I have it on very good authority there is to be an announcement in a couple of weeks from the Master Developer.
Fingers crossed.

Last I looked at my Vila on olive point was June it looked no different from 6 months before the main problem is lack of infrastructure Lime Tree valley is finished but no Dewa no roads I can't see this project being handed over for at least 24 months from now maybe someone has some better news if the matter draws on what legal right do we have tulip have lied to me all along they know full well this is no where near completion as do the other developers.

I believe the key issue here is an utter lack of infrastructure. Or punctuation.

CHI issued an update to their clients a few weeks ago - cautious optimism that an interim solution would be found that would allow for utilities and access issues to be addressed so that CCs can issued and people move in.

Nakheel restarts work on Jumeirah Golf Estates
By Edward Attwood
Thursday, 11 November 2010 4:42 PM


PROJECT START: The Jumeirah Golf Estates project was originally planned by Dubai World subsidiary Leisurecorp (Getty Images)
Nakheel, the troubled real estate developer, on Thursday confirmed it will recommence on the Jumeirah Golf Estates project in Dubai after receiving state support from the Dubai government.
“Nakheel, Dubai’s master developer, announced today that Jumeirah Golf Estates has received the necessary support from the Government of Dubai to recommence development of the project,” said a Nakheel spokesperson in a company statement.
Ascon - Associated Construction & Investments Company - one of the main contractors for the project, is expected to remobilise infrastructure works on site shortly.
The Jumeirah Golf Estates project was originally planned by Dubai World subsidiary Leisurecorp.
It plays host to the Race to Dubai tournament, which is the season-ending championship on the European Tour.
Construction on two of the projects four courses were suspended in 2009 due to difficulties over contractor payments, and Leisurecorp’s activities were merged with those of Nakheel in June last year.
In October, Nakheel CEO Chris O’Donnell told Arabian Business that construction work that work was to be “remobilised” at several short-term residential projects, including Al Furjan, Jumeirah Village, Jumeirah Park, Jumeirah Heights Clusters, Veneto, Badhrah, Jumeirah Islands Mansions and International City, by the end of the month.

http://www.arabianbusiness.com/nakheel-restarts-work-on-jumeirah-golf-estates-361828.html

Jumeirah Golf Estates receives government support for restart

Work to also recommence on Al Furjan and Jumeirah Park terrace homes and villas

http://www.emirates247.com/polopoly_fs/1.316439.1289486551!/image/1285957029.jpg

Nakheel, Dubai’s master developer, has announced that Jumeirah Golf Estates has received the necessary support from the Government of Dubai to recommence development of the project.

Ascon, Associated Construction and Investments Company, one of the main contractors for the project, is expected to remobilise infrastructure works on site shortly, said a Nakheel spokesperson.

The spokesperson said: “Nakheel is pleased to announce the recommencement of construction work on 523 villas and terrace homes in Al Furjan, with Arabtec Construction, which is expected to be delivered in the first quarter of 2012.

“Nakheel is also delighted to announce the recommencement of construction work on 525 four-bedroom villas in Jumeirah Park, with Pauling Middle East Company, which is expected to be delivered in the second quarter of 2012.

“In addition, Jumeirah Park will recommence work on 289 three-bed room villas through Al Huda Contracting Company, which is expected to be complete in the fourth quarter of 2011.”

http://www.emirates247.com/news/emirates/jumeirah-golf-estates-receives-government-support-for-restart-2010-11-11-1.316436

http://i56.tinypic.com/2r71r35.jpg

Great piccie Ducco. I was at the golf on Friday. Excellent set-up (incl. the mojito stand :cheers:) and good numbers. The below thread is regarding Sanctuary Falls, but gives some good info on JGE as a development. We remain hopeful for a 2Q11 handover (some developments before then obviously). Nakheel will be starting work on the civil side (most pressingly the substation as they are building it I hear, and not DEWA) immediately after the tournament ends. Golf is beamed live from now on the major sports channels (Sky, Showtime in ME). Worth a look.
http://www.sanctuaryfalls.com/download/Sanctuary%20Falls%20Magazine%20Issue%201.pdf

Lime Tree availability

Interested in any resales or owners looking to lease once handed over. Please PM me.

This time next year several developments will be handed over & lived in !! I have a site visit on my 95% finished Sienna lakes villa tomorow. C'mon Nakheel hurry up & get the infrastructure finished

Kevin Brass | Last Updated: Dec 22, 2010

http://www.thenational.ae/deployedfiles//Assets/Richmedia/Image/SaxoPress/AD20101222938892-Many%20owners%20of%20.jpg
Many owners of villas lining Jumeirah Golf Estates' the Earth course have been left in limbo as they await connection of utility services.

Amy Leang / The National

More than a year after construction was completed on Douglas Collins's villa in the Jumeirah Golf Estates, there is still no electricity, water or sewerage service to the house.

"It's just sitting there," said Mr Collins, who has been waiting 14 months for the services to be connected.

He is among dozens of buyers in the development still waiting for paved roads and utility services to reach their completed homes.

Their properties are part of Lime Tree Valley, a collection of 121 villas along the Earth course, which hosted the Dubai World Championship last month.

The homeowners are in limbo, unable to move into their finished villas, which they spent millions of dirhams to buy.

"We're very disappointed," said Sarah Lywood, one of the homeowners.

Her villa was finished early this year.

"We're just waiting," she said.

The master developer responsible for the infrastructure on the project is Nakheel, a subsidiary of Dubai World which is controlled by the Government.

Nakheel has spent much of the past year working to restructure US$10.5 billion (Dh38.56bn) of debt.

Construction on the infrastructure is now expected to start in "early 2011", a Nakheel spokeswoman said.

"After receiving the necessary support from the Government of Dubai, Nakheel will manage the completion of Jumeirah Golf Estates' development and is in the final stages of assessment of construction completion requirements," the spokeswoman said.

But frustrated homeowners say that for several months they have been hearing assurances about work on the roads and other infrastructure.

CHI Development Group, which built the villas, announced in October that construction of all 121 villas had been completed.

At the time, CHI said it hoped Nakheel would start the infrastructure work in the autumn and that homes might be turned over by spring next year.

"We're doing everything we can in our discussions with Nakheel to come up with timelines for delivery," said Roger Wakeham, the director of development for CHI, which declined further comment.

Buyers in the development typically paid 70 to 95 per cent of the Dh7 million to Dh8m purchase price for their villas, which range from 4,200 to 7,000 square feet.

"It's a lot of cash to be tied up," said one homeowner, who asked not to be named. He said he had paid Dh7.1m for his six-bedroom villa, which was completed last year.

The homeowner said he had expected to live in the home but was forced to buy another house. "I changed plans because I didn't feel the property would be delivered," he said.

Mr Collins bought his villa in 2007 and has paid about Dh7m - 95 per cent of the price.

When construction was completed, he and his wife installed a custom kitchen and floors.

They also bought furniture in anticipation of moving in.

Instead, they and their new son are living in a rented apartment in Dubai Marina. He is also paying off a mortgage on the Jumeirah Golf Estates property.

"It's been quite disastrous overall," Mr Collins said.

Now it appears that it will be next summer at the earliest before his family will be able to move in.

kbrass@thenational.ae / The National (http://www.thenational.ae/business/property/jumeirah-golf-estates-villas-are-built-but-still-empty)

Property takes a look at an exclusive, high-end villa development in Dubai, Sanctuary Falls.

By Binesh Panicker, sub editor | Published: 00:00 January 1, 2011

http://gulfnews.com/polopoly_fs/01-res-sanctuary-falls-8-1.736620!image/4162663898.jpg_gen/derivatives/box_475/4162663898.jpg http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-7-1.736619!image/3450336545.jpg_gen/derivatives/box_475/3450336545.jpg

http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-1.736616!image/3506266480.jpg_gen/derivatives/box_475/3506266480.jpg http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-2-1.736614!image/88570449.jpg_gen/derivatives/box_475/88570449.jpg

http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-3-1.736612!image/942101473.jpg_gen/derivatives/box_475/942101473.jpg http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-4-1.736608!image/2315751409.jpg_gen/derivatives/box_475/2315751409.jpg

http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-5-1.736606!image/3077023297.jpg_gen/derivatives/box_475/3077023297.jpg http://gulfnews.com/polopoly_fs/1-res-sanctuary-falls-6-1.736603!image/4039629969.jpg_gen/derivatives/box_475/4039629969.jpg
Image Credit: Supplied

Dubai is not alien to luxury residential communities, with themed developments that contain high-end villas, townhouses and apartments; the luxury market in Dubai has plenty to offer. Interestingly, while Dubai's overall residential sector is adversely affected by oversupply, the luxury segment seems to be confronting an entirely different challenge — that of undersupply. Recent indications show that on the supply side, of the total future residential supply of 37,000 units due to be delivered by 2012, only 23 per cent is villa stock. Further, it is interesting to note that of these, only approximately 1,400 luxury villa units are planned in the city, considering existing and new supply. This means that even by 2012, at most only two per cent of all existing residential stock will be luxury villas," says Imran Shaikh, CEO of Shaikh Holdings, which has unveiled the first resort homes at its Sanctuary Falls development.

http://gulfnews.com/business/property/uae/luxury-redefined-1.734885

Do any villa owners have more of an idea about what JGE are doing about the infrastructure work.... apart from sitting on their backsides !!

An idea I want to upload the pics of my Sienna Lakes villa

Go to tinypic.com, upload your pic there. Select the correct size for message boards. Then copy / paste the link that is provided into your new message.

Do any villa owners have more of an idea about what JGE are doing about the infrastructure work.... apart from sitting on their backsides !!

Ascon have moved back on site to continue construction of the roads!

Ascon have moved back on site to continue construction of the roads!

Are Ascon really back on site and working on the roads as in have you seen them? The reason I say this is that the only ongoing project at JGE they have listed on their website says they're laying underground pipes??

Any predictions on a completion date, Lime Tree Valley web site has no news update since Autumn and just refers to maybe starting to handover from late Spring assuming Nakheel sort their debt reconciliation process out. I assume from what I've read that this includes issuing the bond to contractor creditors but that's been shifted from January to end of first quarter now. AA

the place is luxury, however dont think it will beat tiger woods golf course in dubai land.

the place is luxury, however dont think it will beat tiger woods golf course in dubai land. :ohno::nuts:

That project was canceled. Both Tiger Woods and Dubai Holding made public statements.

Keep it up.

Go to tinypic.com, upload your pic there. Select the correct size for message boards. Then copy / paste the link that is provided into your new message.

Nice one, if it doesn't work i will send them to you :nuts:

Work on the substation is also recommencing!! :)

Nice one, if it doesn't work i will send them to you :nuts:

LOLWOT???

Hi guys. I am writing on behalf of Property magazine, a Gulf News publication. I am doing a story on project delays owing to infrastructure concerns. I needed to talk to a few investors in Jumeirah Golf Estates, such as Lime Tree Valley, Sanctuary Falls, Olive Point or Sienna Lakes. Would any of you be willing to comment on my questions? Please reply.
Thanks,
Deepthi

http://i54.tinypic.com/6xqk2x.jpg

http://i56.tinypic.com/izbyvm.jpg
http://i54.tinypic.com/swz7mt.jpg
http://i51.tinypic.com/33xtzs9.jpg

looks great from the inside and from the outside!!!

Quality villas here!

What development is this villa on

What development is this villa on

^^

This is my villa at Sienna Lakes. It is not that clear from the image but i have extended my swimming pool to make the best use of the large plot

Has the project stopped completely? I did not see any contractors at all during my last visit on the 3rd of March.

^^

This is my villa at Sienna Lakes. It is not that clear from the image but i have extended my swimming pool to make the best use of the large plot

It looks fabulous. Hope you get to move in soon. It'll be a great development when it's complete.

Work on the substation is also recommencing!! :)

Any progress being made on the substation I heard that Nakheel were building the substation themselves NOT DEWA! I haven't had the chance to get over for a while.
Lime Tree Valley website still says hoping to start handover from the Spring based on Nakheel resolving its financial issues, but no updates since before 2nd European PGA tournament took place.

What's the form once Nakheel have built the substation? DEWA have to certify it, then physically make the connections from the substation to individual villa junction and metre boxes, then CHI take it over from their side and the villa is certified for handover. Is that the way it works? Cheers in advance for any info AA

Has anyone decided to take legal action against their respective developer ? I am feel a little sorry for the independant developers as i guess they are stuck in the middle but its not my fault so i dont think i should suffer... i think Chi, Sheikh, Tulip etc etc... should put more pressure on JGE but they wont unles we put more pressure on them !

Has anyone decided to take legal action against their respective developer ? I am feel a little sorry for the independant developers as i guess they are stuck in the middle but its not my fault so i dont think i should suffer... i think Chi, Sheikh, Tulip etc etc... should put more pressure on JGE but they wont unles we put more pressure on them !

Has anybody actually taken this up with legal counsel? Also I assume that there is proof that the electrical power substation is actually being built, roads are one thing but no lights and aircon is another. Have any of the private developers come up with an infrastructure completion date, we're mid-way through March and Nakheel professed to be restarting infrstructure work in November. Then after a brief flurry of commentary Chris O'Donnell was off the air again.

Nothing in the media, all I've seen is a short post from one of the contributors saying that there is some activity on the substation and power connectivity? anymore sightings of workers and a job being done? AA

Adding to that; it seems that activity at the substation site was limited to painting of the hoarding! Nothing happened since. I also do not think that present road works should be classified as major infrastructure works...

Would any villa owners be interested in taking class action against their developer / JGE regarding delays etc etc... Please PM me if you are, thanks

Hello everyone,

I own a villa in Jumeirah Golf Estates and have had my lawyers write to the developer on a couple of occasions to try and get a refund which has already cost me AED 25,000 in legal fees so far. I am reluctant to proceed with arbitration because of the surprisingly high cost (AED 400,000 to 500,000) as it requires 3 arbitrators on the panel, cost of experts etc. and time. DIAC is buried in cases and I am told that it will take a year before the hearing begins and can drag on for another year or more. It doesn’t end there, at the end of the hearing if I win, I then need to get the financial award ratified by the Dubai Courts so I need to submit a case there, which can then go through its 3 levels which can take another 12-18 months and about another AED 200,000 - 300,000 in legal fees I’m told. That is over 3 years for the process and AED 600,000 – 800,000 in legal fees, which is ridiculous!

Given that some of the infrastructure contractors are starting to remobilize on site, the talk is that the infrastructure will be completed by the end of 2011 so even if I were to start arbitration proceedings, my property could potentially be stuck in the legal system for 3 yrs+ and I can't sell it or rent it while a legal case is going on.

Since all the developers in JGE are exercising force majeure citing obligations of the master developer Nakheel, this issue is larger than just any one particular project as all villa contracts in JGE projects are the same (I believe I read in a property article its 700 + homes). What I have also heard is that the GOD (aka government of Dubai) will not allow the entire project to fail and that RERA is now involved and working with the developers in JGE on some kind of directive to be issued that covers the entire JGE project.

My lawyer still seems to suggest I have a case but I have lived here long enough to know if the government is involved it may not be that cut and dry. The significant cost of going legal and the time involved has me thinking twice.

This whole situation has been very frustrating for me. I have given my money to the developer and now am giving more to the lawyers. When will all this stop?

If any of you have any comments/advice on this, please write to me on: jduvall777@gmail.com

I would be interested to know what other villa owners are doing.

Thanks,
JD.

I understand that a number of investors with properties outstanding at the Golden Mile Palm Jumeirah, are taking their developer Souq Residence (JV between IFA and Dubai World) to court to overturn the Nakheel 'Force Majeure' claim that Souq Residences have made vis a vis non-handover of investor properties. Souq say that Nakheel are blocking the release of building certificates for the properties as a result of courtcases from both parties currently under deliberation.

In our case the 3rd party developers at JGE are resorting to the same defence 'Force Majeure' on the basis that Nakheel have to complete infrastructure, especially utilities, before certificates are released that allow them to hand over the properties. As Golden Mile owners feel sufficiently confident to take legal action and could well get a result of the most rewarding kind, is it not true that property owners at JGE have an equally good chance?

Also media reports say that Nakheel will become government as opposed to ruler owned by end of June, this will actually make things doubly difficult as they are more likely to set other priorities. The cases if embarked on from our part, should be brought against a variety of the JGE 3rd party developers. Otherwise the developers will not put strong pressure on Nakheel, unless like Souq Residences they take Nakheel to court through the Dubai World Tribunal before its too late.

Would any villa owners be interested in taking class action against their developer / JGE regarding delays etc etc... Please PM me if you are, thanks

I'm reasonably sure class action is not recognised under UAE law. Everyone has to lodge individual cases.

This has recently been uploaded onto the Sanctuary Falls website. The Govt of Dubai is the owner of Investment Corporation of Dubai, and JGE is 1 of many investments under its ownership (incl. Emirates Airlines, Govt stakes in banks, Emaar, etc.):
The Jumeirah Golf Estates master community is now 100% owned and controlled directly by the Investment Corporation of Dubai (ICD), and investment arm of the Government of Dubai. Throughout its existence, the ICD has nurtured the growth and development of Dubai. It has achieved this through strategic investments in companies that have global excellence and that have defined the industrial, retail and financial landscape of Dubai.
The Government of Dubai through the Dubai Financial Support Fund (DFSF), has confirmed its financial support for the Jumeirah Golf Estates project, with funds to be used to complete the infrastructure in the project, to host the Dubai World Championship over the next 4 years and to complete its real estate projects within the master development. Nakheel is providing project management services for the Jumeirah Golf Estates master development.

Nakheel have informed me that infrastructure work recommended with the relevant contractor back on site. Has anyone seen any evidence of this?
They also mentioned that they are still in negotiations with other contractors.

I bought directly from leisurecorp/nakheel at flame tree ridge and am interested in hearing from others who have done the same who wish to work together in order to apply some pressure. Please email me on alchemist1332@gmail.com

Dear Alchemist,

Sorry not a Flame Tree Ridge boy, LTV. However think Nakheel would say something like that to keep investors at arms length. Contractors painted the fencing panels round the electricity sub-station on last inspection and a laid back spot of roadwork started but not sure if it was real, but no levels of activity to make a hopeful heart leap with joy.

What do they care now anyway they're almost government owned which ring fences them for liability. 3rd party developers appear to have zero influence and are therefore skulking behind a force majeure defence comprised of "it's Nakheel's issue thus we're hog-tied by external influences". Cost of taking anybody to court is mega-bucks and an ornately elephantine process anyway. The contractor may have a few sarongs on site.

I cannot see any activity moving forward until N have issued this bond as a way to pay off the remaining 60 per cent of what they owe trade contractors. While they say end of June for that it may be longer, if there are court cases against them still in due legal process which is likely and they don't hit 95 per cent agreement to the debt restructure plan.

Mind you they may have to put up JGE up as part of the collateral backing either the trade debt related Sukuk or a guarantee to bankers underwriting their significantly deferred repayments of loans. So hopefully they absolutely cannot default!

Nakheel to receive Dubai funds for Jumeirah Gulf Estates project

United Arab Emirates: 49 minutes ago

Nakheel, the Dubai World property arm that is restructuring $10.9bn in debt, has said it will get funds from Dubai to complete its Jumeirah Golf Estates project, Reuters has reported. Nakheel suspended development on two of its four golf courses in 2009. The development, which has over 306 homes, is now scheduled for completion in 2012. "The government of Dubai has committed to providing significant financial support to Jumeirah Golf Estates .... our contractors have recommenced work at the development," Nakheel said in a statement.

http://www.ameinfo.com/268016.html

R

Rebecca Bundhun

Jun 14, 2011

Work has restarted on the unfinished Jumeirah Golf Estates property development, home to the final leg of the Race to Dubai golf tournament.

The residential luxury project, said to be nine times the size of Hyde Park in London, was designed to have golf courses named after the four elements - earth, water, wind and fire - but only two have opened.

Some owners have protested they have been unable to move into their multimillion-dirham villas because the infrastructure, including water and electricity, is not ready. Other villas have yet to be completed.

"The Government of Dubai has committed to providing significant financial support to Jumeirah Golf Estates," Nakheel, the developer, said yesterday. "In turn, we are committed to managing and delivering this key project for Dubai. Our contractors have recommenced work at the development. We are liaising with all Jumeirah Golf Estates customers in relation to the project's progress."

Nakheel said it had been appointed by the Dubai Government "to manage and deliver the Jumeirah Golf Estates project, with over 306 homes scheduled for completion in 2012".

It was announced last year that Nakheel would receive US$8 billion (Dh29.38bn) to finish near-term projects under a restructuring proposal presented in March by Dubai World, its parent company.

"It's certainly positive news that there's a strong commitment to get it going," said Matthew Green, the head of research and consultancy at CB Richard Ellis in Dubai.

"It was always going to be a development which would be in the spotlight," added Mr Green. "I think it's important certainly from the government standpoint that they should get this moving again and for the next tournament hopefully we're going to start to see some more completed properties there."

The Earth golf course, designed by former champion golfer Greg Norman, opened late 2009 at the Jumeirah Golf Estates, while the Fire course, also designed by the Australian, opened at the beginning of last year.

Golf courses are widely considered to be amenities that increase the prices of surrounding property.

A number of golf projects were launched by developers in Dubai before the downturn in the property market, including the Tiger Woods Dubai, which was planned to be surrounded by 22 palaces and 75 mansions. To date just a few of the holes have been shaped and grassed, and the future of the development remains uncertain. The planned 510-hectare Golf City development slated to be part of Dubailand was to have five courses and hundreds of villas.

Nakheel's projects include Jumeirah Village, Jumeirah Park, Jumeirah Heights Clusters, The World archipelago, Palm Jebel Ali and Palm Deira.

Mr Green said there was a strong likelihood there would be more such announcements of resumption of work on some of Nakheel's unfinished projects in the coming months.

http://www.thenational.ae/business/property/work-resumes-on-dubai-jumeirah-golf-estates-property-development

Great news !

Well do we think its for real this time chaps and chapesses or just a little more spin to keep our hopes up?

“The government of Dubai has committed to providing significant financial support to Jumeirah Golf Estates… our contractors have recommenced work at the development,” the company said in an emailed statement.

The wording of the statement is virtually the same as November 2010 and nothing happened.

How long before we are able to live at LTV? I thought there would be a revised news update on their website if Nakheel's statement was deemed to be irrefutably real. There was an update in November and then they were badly let down by Nakheel, so I suppose they're hedging their bets, AT LEAST until there is more evidence of contractors in a hive of activity on site.

By the way you don't think they were referring to getting the other two courses finished first do you??

Nakheel is Back :)

Nakheel is Back :)

How do you know bizzybonita, have you seen any contractors actually beavering on site?

I've been up there and there's little of moment to report. Do you think they mean that contractors will be back on site once they've received and can start cashing in their sukuks papers at 20 per cent discount? End of June start, just in time for the workers midday breaks guess their latest completion date will be some time in November before the European PGA Dubai World Championship.

Still it didn't bother them last year!:nuts:

^^
Nakheel pays Dh5 billion to trade creditors


The announcement marks a significant progress in Nakheel's recapitalisation plan.

Gulf News ReportPublished: 14:59 June 19, 2011

Dubai: Nakheel, one of the UAE's largest property developers, said, it has paid Dh5 billion to contractors and suppliers.

"We are pleased to announce that Nakheel has to date made payments of Dh5 billion to its trade creditors," A Nakheel spokesperson said on Sunday.

Nakheel, developers of the Palm Island, has already delivered a number of large master-planned projects, such as International City, Jumeirah Park, Jumeirah Lake Towers.

"Today's announcement marks significant progress in our recapitalisation plan, following on from the initial payments to trade creditors of Dh500,000 or less, which commenced in March 2010."

The company received Dh8 billion cash from Dubai government last year to help bring it back to business and complete some of the ongoing projects.

http://gulfnews.com/business/property/uae/nakheel-pays-dh5-billion-to-trade-creditors-1.823566

By the way you don't think they were referring to getting the other two courses finished first do you??

Never, they can't really afford to run the Earth and Fire let alone build and maintain two more.

Never, they can't really afford to run the Earth and Fire let alone build and maintain two more.

^^

Agreed, just finish Earth & Fire and we will all be happier

Nakheel is Back :)

Sorry Bizzy but that is the most outrageous positing seen on this site for a long time. Nakheel is in a world of pain and will be paralyzed for years on end.

Moodys downgrades Aldar and sends this giant in free fall on the market - and Aldar is infinitely stronger than Nakheel. So how can anyone seriously claim that Nakheel is "back"? It will be spun off by Dubai World and then gradually decomposed.

Dear Investors: does anybody know of the situation with infrastructure around the development. Back in november there was a nice entrance made during the world cup to the public parking lot. Is that access still on?

The last time I entered the development was thru the main entrance and really hated it, so long, narrow and full of humps. Is it really how we're supposed to enter the development thru a chaos like that after making the most humongous u-turn ever on that oval r/a full of trucks and bad pavement?

WHat about the interchange that is being constructed on the emirates/al khail road intersection? Is it being developed/build? I have seen no changes at all for more than a year? Is this also frozen? By whom?? RTA???? They are bankrupt too?

In general Being so far away from civilization, no infrastructure, no nothing, it is clear that Arabian Ranches and Emirates Hills would have been a much nicer investment.

Is the fact that the trade creditor bond is now delayed to July, some supposed insiders are now saying at the earliest, likely to knock on and delay the infrastructure contract work at JSE. Also there are 45 cases involving Nakheel now outstanding at the Dubai Tribunal does that drag on the process, there must be a large amount of money at stake overall in those.

Do we hand on heart trust the statement re infrastructure work restarting on JSE in its entirety. I notice that Chris O'Donnell is now suing for breach of contract when Nakheel said that he had come to an orderly end of his 5 year contract.

Part of the reason for buying at JSE was because of the recommendation that you should always have a state owned developer involved, but I guess there was no choice! What are the properties worth now I wonder having stood empty for 18 months in some cases.

Has anyone got an update from their developers regarding any progress on the infrastructure and their projects?

The extract beneath is from a progress update posted on the Lime Tree Valley website on June 23rd 2011, sort of implies that we're realistically looking at 2012 as the handover year.

To be honest since the news was reportedly leaked from Nakheel last week to say that the 5 year term sukuk covering the remaining 60% of the trade creditors outstanding invoices has now been put back to July, while another source says that the bank managing the bond issue it over the next 2 to 3 months; its all gone quiet.

Anyway LTV update:

"Whilst the continued delays with handing-over our completed villas has been frustrating for CHI and its clients; there is finally a sense that the project is moving forwards again after a suspension in civil works in 2009. Jumeirah Golf Estates LLC announced on the 12th June 2011 that 'works on site are now advancing and that the government of Dubai has committed to providing significant financial support'. CHI continues to liaise and coordinate with the master developer on a regular basis and we are aware that the re-structuring of their infrastructure contracts, which has taken almost 12 months now, has virtually been concluded. Some of the contractors have resumed works on site and we anticipate a greater volume of activity and presence on site over the forthcoming months. JGE management also wrote to their individual clients and stated that their developments on Fireside, Flame Tree Ridge and Whispering Pines are scheduled for completion in 2012."

"The message provided by the master developer is extremely good news for the project as the general consensus amongst the real estate market is that Jumeirah Golf Estates is a 'sleeping beauty' and that upon delivery it will be one of the most sought after communities to live or to invest in. This is evidenced by the relatively small numer of comparable real estate alternatives to Jumeirah Golf Estates in the region. Whilst the Dubai market has many options for buyers seeking apartments, suburban villas or townhomes, there is a lack of high quality golf facing properties on international standard golf courses. By the time of the actual hand-over it is anticipated that the road network feeding into JGE will have been vastly improved. We are led to believe that the Green Community roundabout fly-over will open this Autumn and along with the recent completion of the Shaikh Zayed road to Al Khail road bridges being opened up, it has become a lot easier to access JGE." I continues to talk about the European PGA Tour final at the end of the year.

^^
Nakheel pays Dh5 billion to trade creditors


The announcement marks a significant progress in Nakheel's recapitalisation plan.



'Borrowing from Peter to pay Paul' does not solve the problem for Nakheel by a long chalk. Afterall, Peter will want his money at some point. :cheers:

Just an idle request for an update, has anybody seen either Ascon or Matalec doing anything on the electrical infrastructure works side at JGE? Just can't seem to spot any activity, even from a helicopter!

Most of these contractors are owed so much they must be hurting badly now and I wonder how much longer they can hold on, without a sukuk to sell at 20% discount. Is there anybody reading this who works for either of the contractors above who can give us an update on work in progress?

I assume that now Nakheel is transfered to government control the money promised to be injected into finishing off JGE as reported by numerous media entities based on Nakheel confirmation is forthcoming. Or are other hitherto undisclosed state debt items starting to press.

Anyway, speculation and conjecture aside, can anybody confirm any positive workmanlike sightings before I depart for cooler pastures. Mooo! another 3 weeks Mooo!

One imagines that the latest delay by Nakheel in settlement of the Trade Creditors will spook them even more, so I suspect we're likely to see little progress on JGE infrastructure before October, I guess it maybe possible to move in by Summer 2012, what does everybody think?

Some villas will have been ready and empty for so long now, their value is becoming questionable. Certainly no longer worth what we paid for them and missed a substantial proportion of the benefits accrued from hosting the European PGA once a year.

Just saw the news about the delay and checking in to see if anybody has any updates on infrastructure progress or are we just going to be dismissed like annoyingly intrusive children ad infinitum?

Kevin Brass | Aug 26, 2011

http://www.thenational.ae/deployedfiles//Assets/Richmedia/Image/SaxoPress/AD20110826436004-The%20fourteenth%20.jpg
The fourteenth hole of the Earth Course at the Jumeirah Golf Estates in Dubai. Amy Leang/The National

A homebuilder in Jumeirah Golf Estates has filed a Dh309 million (US$84.1m) claim against Nakheel, the project's master developer, over delays in infrastructure construction.

CHI Development Group built Lime Tree Valley, a collection of 121 villas along the golf course designed by Greg Norman, which hosted the Dubai World Championship in November.

Most of the villas were completed almost two years ago, but owners have not been able to move in because there is still no electricity or road access to the homes.

Nakheel declined to comment on the claim.

http://www.thenational.ae/thenationalconversation/industry-insights/property/homebuilder-chi-development-files-suit-against-nakheel

I think the constant delays at JGE must have finally proved too much, Lime Tree Valley has been ready for handover as dwellings for 20 months now, also this could be interpreted as CHI having come into possession of even more alarming inside info on infrastucture, coupled with the uncertainty surrounding the future of the European PGA Tour final, Dubai or Abu Dhabi.

I, like no doubt many others, have looked at the Nakheel developments almost completed definite projects to finish list in the near-term list and JGE does not appear among the 9 projects listed. They include developments at Al Furjan, In ternational City, Jumeirah Islands, two at The Waterfront etc,etc but zero on JGE and it was reported that they will receive money from the government to complete JGE, so I guess that funding goes to these other. Transparency is what we need.

So one assumes 'The Sleeping Beauty' slumbers on, however a court case indicates a long delay to any form of closure I fear.

Are there people paying mortgages on homes in JGE? I really feel sorry for people who bought into this project.

Are there people paying mortgages on homes in JGE? I really feel sorry for people who bought into this project.

CHI certainly publicised the fact that they had two commercial agreements with HSBC and Dubai Islamic Bank to provided mortgages at Lime Tree Valley in an online FAQ document. They also said that there will be other banks willing to
lend on completed properties and would be prepared to approve lending up to three months prior to hand-over. So I imagine there could be buyers with a mortgage out there and the sad thing is it is a truly great development too which just needs connecting to the utilities, utterly frustrating for CHI and its clients who have vast amounts of money tied up. Those villas were priced at approximately AED 6 million up.

It must be very frustrating as well as financially ruinous to have so much money tied up. I hope this project can be completed soon.

Will the project get finished soon? I assume that CHI have finally taken Nakheel - Jumeirah Golf Estates' to court because of no obvious progress on infrastructure and no likelihood of it starting any time soon. I think Nakheel published a list of 'almost completed' projects they were going to start work on which did not include JGE but oddly enough two developments at the Waterfront, which I thought was a completely 'dead duck'.

As CHI have gone to court over 121 Lime Tree Valley villas standing empty for 20 months in the absence of the master developers electrical infrastructure, then I see perhaps little inclination from Nakheel to continue the work at a brisk trot. The latest Nakheel Chairman, Mr. Lootah has pursued a very tough line of 'you'll get what you get when you are given it', which one can easily see extending to JGE. Although oddly enough, Nakheel did announce that money had been earmarked by the Dubai government to enable them to finish the job, however that merely fuelled a grain of hope rather than a commitment to work being completed in any declared timescale.

So perhaps frustrated owners will be treading water for quite a while longer. As the previous two European PGA end of tour events were held at JGE without the owners in residence, there's no reason why that shouldn't be the case this time round, especially as there's talk of the European PGA moving to Abu Dhabi in 2012.

My developer (Tulip) informed me that Nakheel (managing the project) had restarted work on a large scale, i put this down to the tournament so i expected to see a general tidy up but after visiting the site i can confirm that the DEWA sub station had around 20 workers on site & the whole thing had scaffold around, i was also informed that the transformers are built and have been tested in Germany, they leave for Dubai next week. I also witnessed around 300 workers around the site laying sewage drains to the various projects & many trucks bringing new materials to the various projects. The road around Sienna Lakes was also nearly finished, Fireside villas have all been painted & Whispering Pines looks a lot more complete.

I would have hoped for many many more workers but this is the most activity for the past 2 years. Also the flyover into the development is nearing completion.

Sanctuary Falls still looks like a ghost town though & two JGE developers that i know have told me that Sheikh holdings have issues with their Escrow account & RERA are investigating them.

Hello, does anyone know when will the flyover into the development be complete. Also how will the roads be structured into the development? If the same access site is used as we have now on that narrow one way road it will take ages to construct that one as there's nothing in there yet just sand all over. Also there's this IMPZ site and sports city gate in there. What about those 2 sites, they will also be fed with our road?

DOes anyone has a masterplan for the roads in JGE?

UB

http://www.emirates247.com/property/jumeirah-golf-estate-completion-by-dec-2012-2011-10-20-1.424402

Nakheel has renegotiated contract with Ascon Group, says source
By
Parag Deulgaonkar
Published Thursday, October 20, 2011
Infrastructure work, including roads and sewerage, in Jumeirah Golf Estates (JGE) development will be completed by December 2012, Emirates 24/7 can reveal.

“Nakheel has renegotiated its contract with the Ascon Group which has been told to complete the infrastructure work by December 2012,” a person close of the deal said.

He, however, refused to share details of the new contract.

A Nakheel spokesperson told this website that a newsletter will be circulated soon to all investors with full details on the project.

In February, a company spokesperson told this website that negotiations with contractors were on going regarding the way forward, focusing on finalizing delivery programmes and completion schedules.

“The aim is to move forward with the original delivery team for the project,” she added.

Later in June, Nakheel confirmed that the Dubai government would provide funding for completion of JGE development.

“We are liaising with all Jumeirah Golf Estates customers in relation to the project’s progress,” a company statement had said.

The master development is to have over 306 homes, mostly villas.

Jumeirah Golf Estates project was originally planned by Dubai World subsidiary Leisurecorp, which was merged with Nakheel in June 2010.

http://www.emirates247.com/property/jumeirah-golf-estate-completion-by-dec-2012-2011-10-20-1.424402

Nakheel has renegotiated contract with Ascon Group, says source
By
Parag Deulgaonkar
Published Thursday, October 20, 2011
Infrastructure work, including roads and sewerage, in Jumeirah Golf Estates (JGE) development will be completed by December 2012, Emirates 24/7 can reveal.

“Nakheel has renegotiated its contract with the Ascon Group which has been told to complete the infrastructure work by December 2012,” a person close of the deal said.

He, however, refused to share details of the new contract.

A Nakheel spokesperson told this website that a newsletter will be circulated soon to all investors with full details on the project.

In February, a company spokesperson told this website that negotiations with contractors were on going regarding the way forward, focusing on finalizing delivery programmes and completion schedules.

“The aim is to move forward with the original delivery team for the project,” she added.

Later in June, Nakheel confirmed that the Dubai government would provide funding for completion of JGE development.

“We are liaising with all Jumeirah Golf Estates customers in relation to the project’s progress,” a company statement had said.

The master development is to have over 306 homes, mostly villas.

Jumeirah Golf Estates project was originally planned by Dubai World subsidiary Leisurecorp, which was merged with Nakheel in June 2010.

^^^^

:banana:

Paul,

I was concerned after reading your post as I own a villa in Sanctuary Falls. So I visited RERA yesterday with a friend of mine, as he is very well acquainted with the CEO there. RERA confirmed that there is no issue with the Sheikh holding escrow. He did say that numerous people have shared similar concerns about their respective developers as work stopped at these sites in JGE. He mentioned that Sheikh and other developers had met with RERA and had complained about the delays from Nakheel, and that they were waiting for information from Nakheel, so that they can plan the completion and handover of their projects.

This morning I also met with Sheikh Holding, to see what they had to say about the status of work. They were quite candid about the situation. They have made the decision to fully mobilize only once they have further clarity and receive a timetable from Nakheel, as they still do not have one. When I asked about today’s news related to Dec 2012 infrastructure completion, they were not happy about it as were expecting it to be sooner. However, they have not heard anything from Nakheel related to timelines.

These never-ending delays are highly frustrating, but given today’s news and Nakheel’s colourful track record, I can see why the developer is being cautious. I suppose they do not wish to share the same fate as other developers that have progressed their villas to near completion but are now suffering, as the villa equipment gets spoilt and materials degrade. Although the infrastructure contractors have returned to site, it appears we still have a long way to go. It seems we will all have to wait till early 2013 to get handover of our villas.

Any thoughts on this Dec 2012 infrastructure news?

Thanks,
JD.

Having investigated from what I can determine, this is an unqualified but deliberate leak and way ahead of its time, which is why Sheikh Holdings have not been informed. This implies to me that the European PGA tour final will no longer be held at the course after this year.

I'm pretty sure that the new contract offered to the contractor has been shaved to the bone from my sources, hence the tawdry time scale. However also not convinced that the terms have been fully accepted by the contractor either from what I've also heard, presented as it has been on a take it or leave it basis. There is also the question of resale encashment of the tradable bond guaranteed with raw seabed as collateral that covers 60 per cent of what's owed to contractors. They do not seem inundated with offers as there is zero transparency on the subject, which has made all contractors wary!

What are these properties worth now, particularly the completed villas standing idle? Probably 65 per cent off their original peak in 2008, that's a lot of money down the drain including the interim rent, as a result of no infrastructure. The sleeping beauty slumbers on and it would seem that December 2012 is a leaked completion marker and not yet final in any way!

Anybody managed to dredge up any more optimistic news on infrastructure? I guess that CHI must be circumspect about the revised contracts for the original infrastructure contractor which define delivery/completion of works by end of 2012. The reason I say that is, they normally post what they consider to be valid updates to their customers on the Lime Tree Valley website on a regular quarterly mildsly seasonal basis, but the last news update is dated 23rd of June.

Also any news on how their court case is going at DIFC against Nakheel? It has to be said Nakheel really have behaved rather badly in this case and hopefully it will be seen as that in the eyes of the law.

300 Jumeirah Golf Estate villas ready next year
132KV-dedicated power substation; infrastructure ready in 2012: Nakheel

By Parag Deulgaonkar
Published Wednesday, November 09, 2011

Jumeirah Golf Estate, the luxury residential golf community, will witness the completion of its dedicated power substation, infrastructure work and more than 300 villas — all before the end of next year, 'Emirates24|7' can reveal.

Work has already started on the 132KV power substation and is expected to be completed next year, a Nakheel spokesman told this website.

http://www.emirates247.com/property/300-jumeirah-golf-estate-villas-ready-next-year-2011-11-09-1.427322

Despite the last piece of news on Emirates 24 7 there is absolutely no news whatsoever on the subject of Jumeirah Golf Estates on the Nakheel website, which if it was set in tablets of stone, one might have thought they would have been rather keen to publish. Also remembering that Emirates 24 7 is a government owned media platform.

Also rather odd is there is still no further news update from the summer bulletin on the Lime Tree Valley website, although it does say 2012 on the last post. However, if CHI felt that all was real and well and that it would really happen this time then they would have been likely to update their website.

We're only a week away from the third Dubai World Championship when JGE has not been finished after all!

And what a stunner she will be this time around:

http://i40.tinypic.com/ea45c4.jpg

http://i44.tinypic.com/2m5xdte.jpg

http://i43.tinypic.com/11b5l6w.jpg

Despite the last piece of news on Emirates 24 7 there is absolutely no news whatsoever on the subject of Jumeirah Golf Estates on the Nakheel website, which if it was set in tablets of stone, one might have thought they would have been rather keen to publish. Also remembering that Emirates 24 7 is a government owned media platform.

Also rather odd is there is still no further news update from the summer bulletin on the Lime Tree Valley website, although it does say 2012 on the last post. However, if CHI felt that all was real and well and that it would really happen this time then they would have been likely to update their website.

We're only a week away from the third Dubai World Championship when JGE has not been finished after all!

I have to say that when i was last on site a few weeks back i saw a lot of workman from Ascon

I have a villa on FTR. I have recieved an official communique from Nakheel which is a mirror image of this 24/7 article. I have been in constant touch with Nakheel.
There is no mention of completion of the clubhouse. The developer states it's will happen down the line but no announcement yet. Problem is without a clubhouse we simply have a house in the middle of nowhere. I bought into a lifestyle. My contract is direct with JGE and there is no stipulation on completion of the clubhouse in there. My question is this: Do any of you know the content of any of the other sub developers contracts ( e.g Lime Tree Valley) with JGE? It maybe they have this clubhouse completion within theirs or by definition you have it in your contract with them. I think it vital we all know this. Please can you help?
I have paid funds into arbitration at the DIAC v. Nakheel. I may be prepared to backoff with the completion announcement but not without a clubhouse. The value of all properties will be much less without it. i want it as billed.

Dubai World Championship extended for 3 more years..

http://www.emirates247.com/sports/golf/dubai-world-championship-extended-for-3-more-years-2011-12-11-1.432221

The European Tour says it has agreed to keep the final event of the Race To Dubai in the city for three years and increase the prize money by $500,000 to $8 million.

European Tour chief executive George O'Grady said Sunday the next three editions of the Dubai World Championship — which will be rebranded as the DP World Championship, Dubai starting in 2012 — will also return to Jumeirah Golf Estates, the host course since its inception in 2009.

The Race To Dubai includes 52 tournaments in 29 countries and concludes in Dubai.

O'Grady also said the tour hasn't been hurt by the economic downturn, insisting it is struggling to accommodate all tournament hopefuls in the calendar.

My developer (Tulip) informed me that Nakheel (managing the project) had restarted work on a large scale, i put this down to the tournament so i expected to see a general tidy up but after visiting the site i can confirm that the DEWA sub station had around 20 workers on site & the whole thing had scaffold around, i was also informed that the transformers are built and have been tested in Germany, they leave for Dubai next week. I also witnessed around 300 workers around the site laying sewage drains to the various projects & many trucks bringing new materials to the various projects. The road around Sienna Lakes was also nearly finished, Fireside villas have all been painted & Whispering Pines looks a lot more complete.

I would have hoped for many many more workers but this is the most activity for the past 2 years. Also the flyover into the development is nearing completion.

Sanctuary Falls still looks like a ghost town though & two JGE developers that i know have told me that Sheikh holdings have issues with their Escrow account & RERA are investigating them.

Did the transformer units arrive as planned and are now in situ? Whilst I agree that 20 workers on site is more than have been visible for a good long while, I become increasingly apprehensive as all these stories about the dispute on the Palm over Beachclubs, service fees, police called to underpin security guards denying access to gyms, pools etc. Added to the fact, that Nakheel are still negotiating with contractors for unpaid bills and the next tranche of the bond will arrive sometime "in the next six months"; all this points to a continuing funds issue. I am assuming that this activity is aiming to culminate before the next European PGA tournament toward the end of this year? I am also beginning to believe the prediction that, despite owner/occupier status at golf-side villas, Nakheel will seek to charge for access to the clubhouse as and when it gets built?

Am I suffering from an unecesssary pangs of anxiety, or are these fears justified? Also are developers still pursuing their court cases against Nakheel and is there a trade off against infrastructure completion?