Project: Lake Shore Towers
Location: Jumeirah Lake Towers
Floor count: 45
Height: ??
Construction start: 2005
Construction end: ??

http://img77.exs.cx/img77/3159/jltplotv21tb.jpg

Lake Shore Towers in JLT

The Lake Shore Towers development from Al Bodor has been launched in the Jumeirah Lake Towers district of New Dubai. Agents for freehold one to three bedroom apartments and penthouses is Better Homes. There are preferred rates for early bookings, and a 55 per cent payment on possession.

wow, another project
they are launched at scuh an incredible pace
that's what i said earlier, they will launch all of these towers befor mid-year, as jlt is scheduled for completion in december 2007!
i expect all towers to be launched before july 2005!

I believe that this is Lake Shore 1. I think there will be at least one more at LS@JLT

So this is the tower on the Better Homes website (http://www.bhomes.com/unit_img_sales.asp?id=7044&picid=&catid=1):
http://img221.exs.cx/img221/5916/lakeshoretowers9by.gif

well look at least...
new...
mix between najd and marina pinnacle i would say...!

interesting
these plot changes drive me crazy though :rant:
what up with goldcrest 1 now??? grrrrr

yeah they sell their plots as they would be apartments,...
perhaps with premium and that stuff...resale ... ;)

michiel
could you give me the website from which you have taken the image
i'm googling any yahooing and can't find anything

@Dubai-Lover
This one: http://www.prp-international.com/de/aktuell.php

Can't understand why some sites don't resize their pictures, it looks crap with all these short towers.

cool
but that's just the first tower
excited about if the other lake shore towers will have a different design or look the same

and it's one of the 45 floor towers
do the count
i will add it to emporis

Added the render and made changes in the first post. Thanks Michiel.

its a sexy tower!

id hope that any other(s) would look the same, they have done a great job on the design for sure!

i do like this one
nice features and roof feature

much better that the last few we have seen. 7/10

webiste will be

www.lakeshoretowersdubai.com
just a link to email contact yet

and what about the earlier tower that was on V2?

i dunno, obviously wasnt good enough, it will probably turn up in sharjah in 20 years time!

Sharjah *does* seem to always get the hand-me-downs !

Lake Shore Towers at AD

UAE based Al Bodor is showing its Lake Shore Towers development at the International Real Estate and Investment Show 2005 in Abu Dhabi. The one, two, and three bedroom apartments and penthouses are being offered at preferred rates for early bookings with a 55 per cent payment on possession.

can someone contact Khatab and Alammi for the heights?

Is anyone attending this event in AD ?

and Giles, just contacted them for the height.

lake shore towers is a complex of 5 towers
let's hope they don't look all the same!!!

http://www.homesonsale.co.uk/index.php?page=out&id=13888

website is up
http://www.lakeshoretowersdubai.com

on the website they say plot V2 and Y2! :wtf:
:rant: so stupid :ohno:
i'll contact them to clear things up (i hope they can read)

they have edited the location map and it definitely is Y2

edited jlt plot map

so no we have everything cleared after pacific tower a never built?

dennis did you contact K&A for a height. They are one of the better architects and almost always give the heights of thier towers. Might reply to the mail sent to you on the last tower they gave you so they can see they ahve given you heights before.
good luck

no, not yet
will ask for their other projects as well

http://www.dubaipropertylink.com/images/lake_map1.jpg

Set in the serene surroundings, Lake Shore Towers will offer spectacular views of the lake and idyllic lifestyle in a tastefully conceived, architect designed setting. The Towers are located within the Jumeirah Lakes project, which is between Dubai Marina and Jumeirah Islands. Its prime location means it is just a few minutes away from the world famous Montgomery golf course, the Burj Al Arab Hotel and the white sands of Jumeirah Beach.

Lake Shore Tower 1 forms part of the group of 5 Towers which will have shared facilities and services. The Health Club facilities will be professionally managed offering facilities such as Sauna, Weights Area and Aerobics room. The Towers will be professionally managed by a Facilities Management Company and will have 24hrs security and receptionist facilities.

http://www.dubaipropertylink.com/property_images/PICTURE%20FLOWER%20LOGO%20L.jpg

http://www.dubaipropertylink.com/property_images/TOWER%20FULL%20L.jpg


Floor Plan :
http://www.dubaipropertylink.com/property_images/MASTER%20PLAN%2017%20ABOVE%20L.jpg

little bit like al seef in that render...
but this isn't the same beauty...

Look where are other two of them:

http://i7.photobucket.com/albums/y264/altin/Image076.jpg

this seems to be the 2nd extension of jlt, reaching into jumeirah islands

isn't it the same one we noticed on dazz's plot map`?

Has anybody participated in the 100% FINANCE OFFER with first gulf bank if so what do you think of it

it is of greater importance to know what happened to the other 3 or 4 lake shore towers
we haven't heard anything from the developer in years

would you therefore be very wary of purchasing from these developers if your saying they have had problems in the past.
sounds like thats why they are having to promote in the uk with 100% finance.
Must not be selling.

is there anybody out there purchasing in lakeshore towers

anybody know anything about this development, is it worth investing in or not and are they still building the other 4 towers

Hi,

any construction details available? Any photos ?

Thanks.

L.

Hi,

any plans for building a bridge over the great road to have an access
to Dubai Marina?

Now i got floor plans and availability for Lake Shore Tower. Nice apartments.

greets

There will be 2 huge interchanges, on both sides of JLT complex, connecting it wuth Dubai Marina as well as the highway itself. However that will NOT be a dedicated pedestrian crossing, rather a road.

165m tall

06/10/2006


http://img224.imageshack.us/img224/1886/img4644nz4.jpg

http://img228.imageshack.us/img228/5134/img4645yh4.jpg

There`s a construction site update with photos available on the official website http://www.lakeshoretowersdubai.com/
The basement levels have been completed. Scheduled completion date according to the developer is Spring 2008. I got some more photos from the developer. If anybody is interested i will post them.

madforit2006

so here they are... should be taken around October 2006

http://img390.imageshack.us/img390/3847/lakeshore2vk0.jpg (http://imageshack.us)
http://img439.imageshack.us/img439/9071/lakeshore1nh4.jpg
http://img366.imageshack.us/img366/3066/lakeshore3vi2.jpg

What is happening lately on this project as i would be interested to hear from anyone who has taken up the first gulf bank scheme.
I am told that owner of building is chairman of the bank and this is why finance facilities have been made exclusively at 100 %.
Any Feedback please ?

I visited the site on 28 February and was able to gain access to the excavation. Work is progressing on substructure and basement levels. The core should start to rise soon. Latest for completion is July 2008 but I think this is optimistic - more like late 2008. The developer posts construction photo updates monthly (hopefully) - see www.lakeshoretowersdubai.com. Not much evidence of progress on the other plots in cluster Y (Swiss Tower and JBC 3).

Sorry - cannot help you with Gulf Bank finance package but you could try to contact them direct.

http://img201.imageshack.us/img201/5527/lakeshoredwt4.th.jpg (http://img201.imageshack.us/my.php?image=lakeshoredwt4.jpg)
http://img201.imageshack.us/img201/9024/lakeshorecmq6.th.jpg (http://img201.imageshack.us/my.php?image=lakeshorecmq6.jpg)
http://img201.imageshack.us/img201/1334/lakeshorebwj6.th.jpg (http://img201.imageshack.us/my.php?image=lakeshorebwj6.jpg)
http://img201.imageshack.us/img201/5104/lakeshoreatm4.th.jpg (http://img201.imageshack.us/my.php?image=lakeshoreatm4.jpg)

24/May/2007

LAKE SHORE TOWER

http://i19.tinypic.com/6ahzvqq.jpg

http://i10.tinypic.com/4v4ya75.jpg

hey Imre, thanx for the pics. I appreciate your work very much! Are there any others owning an apartment in LST ?

http://img444.imageshack.us/img444/4733/lakeshdyh1.th.jpg (http://img444.imageshack.us/my.php?image=lakeshdyh1.jpg)
http://img444.imageshack.us/img444/3903/lakeshcne3.th.jpg (http://img444.imageshack.us/my.php?image=lakeshcne3.jpg)
http://img444.imageshack.us/img444/1033/lakeshbuq5.th.jpg (http://img444.imageshack.us/my.php?image=lakeshbuq5.jpg)
http://img444.imageshack.us/img444/7522/lakeshauq5.th.jpg (http://img444.imageshack.us/my.php?image=lakeshauq5.jpg)

07/June/2007

V3 and Lake Shore from Goldcrest Views

http://img511.imageshack.us/img511/4166/imresolt011ku1.jpg (http://imageshack.us)

http://img48.imageshack.us/img48/3450/imresolt017bl2.jpg (http://imageshack.us)

http://img511.imageshack.us/img511/6451/imresolt050no0.jpg (http://imageshack.us)

19/June/2007

Lake Shore Tower

http://img119.imageshack.us/img119/5834/imresolt47ts9.jpg (http://imageshack.us)

http://img465.imageshack.us/img465/4505/imresolt51sm0.jpg (http://imageshack.us)

http://img253.imageshack.us/img253/6475/09070705bl3.th.jpg (http://img253.imageshack.us/my.php?image=09070705bl3.jpg)
http://img253.imageshack.us/img253/8809/09070704op4.th.jpg (http://img253.imageshack.us/my.php?image=09070704op4.jpg)
http://img253.imageshack.us/img253/830/09070702ug9.th.jpg (http://img253.imageshack.us/my.php?image=09070702ug9.jpg)
http://img253.imageshack.us/img253/1755/09070701yl6.th.jpg (http://img253.imageshack.us/my.php?image=09070701yl6.jpg)
http://img253.imageshack.us/img253/2218/09070703ux2.th.jpg (http://img253.imageshack.us/my.php?image=09070703ux2.jpg)

14/July/2007

LAKE SHORE TOWER

http://img128.imageshack.us/img128/4909/imresolt106pj9.jpg (http://imageshack.us)

http://img128.imageshack.us/img128/6310/imresolt063ag4.jpg (http://imageshack.us)

http://img187.imageshack.us/img187/4969/1lev2.jpg (http://img187.imageshack.us/my.php?image=1lev2.jpg)

http://img187.imageshack.us/img187/7648/2lsm9.jpg (http://img187.imageshack.us/my.php?image=2lsm9.jpg)

http://img187.imageshack.us/img187/7204/3lru8.jpg (http://img187.imageshack.us/my.php?image=3lru8.jpg)

http://img187.imageshack.us/img187/2561/4lck0.jpg (http://img187.imageshack.us/my.php?image=4lck0.jpg)

http://img187.imageshack.us/img187/8430/5lbt9.jpg (http://img187.imageshack.us/my.php?image=5lbt9.jpg)

http://img187.imageshack.us/img187/5373/8llb7.jpg (http://img187.imageshack.us/my.php?image=8llb7.jpg)

10/Sept/2007

Lake Shore Tower

http://img524.imageshack.us/img524/7116/imresolt15pn6.jpg (http://imageshack.us)

18/October/2007


http://img147.imageshack.us/img147/2375/imresolt080yg9.jpg (http://imageshack.us)

http://img98.imageshack.us/img98/2254/imresolt083td1.jpg (http://imageshack.us)

http://img147.imageshack.us/img147/9536/imresolt084sh6.jpg (http://imageshack.us)

18/October/2007


http://img148.imageshack.us/img148/6859/imresolt133te6.jpg (http://imageshack.us)

06/November/2007

Y plot , Lake Shore , Swiss Tower,JBC 3

http://img399.imageshack.us/img399/6980/imresolt100xo9.jpg (http://imageshack.us)

http://img158.imageshack.us/img158/3185/imresolt101zv7.jpg (http://imageshack.us)

28/November/2007

Y plot, Lake Shore, Swiss Tower,JBC 3

http://img444.imageshack.us/img444/615/imresolt093fo8.jpg (http://imageshack.us)

08/January/2008

Lake Shore Tower

http://img225.imageshack.us/img225/1509/imresolt055pd5.jpg (http://imageshack.us)

http://img158.imageshack.us/img158/6241/imresolt060ay3.jpg (http://imageshack.us)

29/February/2008

Lake Shore and V3 Towers

http://img246.imageshack.us/img246/3104/imresolt27bw3.jpg (http://imageshack.us)

http://img505.imageshack.us/img505/8182/imresolt42sl8.jpg (http://imageshack.us)

good progress :)

;) good

Hello everyone,

Could you please post some news, updates, photos or anything else on
Lake Shore Tower, for those of us with limited access.

What is the latest completion date estimate, by the JLT experts on this forum ?
When is the nearby Anantara Hotel going to start again?

After a lot of research I found this tower to be one of the best investments in JLT,
so I hope the neighbouring towers get their act together and start adding more
value to this beautiful location.

Best regards and thank you for sharing

Hello everyone,

Could you please post some news, updates, photos or anything else on
Lake Shore Tower, for those of us with limited access.

What is the latest completion date estimate, by the JLT experts on this forum ?
When is the nearby Anantara Hotel going to start again?

After a lot of research I found this tower to be one of the best investments in JLT,
so I hope the neighbouring towers get their act together and start adding more
value to this beautiful location.

Best regards and thank you for sharing

I passed by the development today. The core structure has topped the last 44th residential floor.

As to Anantara Towers, there is a thread on this forum here (http://www.skyscrapercity.com/showthread.php?t=305937&page=7). Unfortunately, there is no news.

Thank you PlayMaker,

Any idea when the completion is likely to be?

Any idea when the completion is likely to be?

Most probably December-February.
Although completion doesn't mean handover.

^^
Thanks for your feedback Playmaker.
How much longer do you think the h/o will take,
afetr completion?
I guess it does depend on DEWA and other permits,
but what else does it depend on?

Imre, Could you please post a few of your nice photos
of the Lake Shore Tower, when you have some time.

Thank you

15/May/2008

Lake Shore Tower

http://img207.imageshack.us/img207/7871/imresolt060es1.jpg (http://imageshack.us)

http://img80.imageshack.us/img80/279/imresolt248mk3.jpg (http://imageshack.us)

http://img80.imageshack.us/img80/5268/imresolt249cx3.jpg (http://imageshack.us)

Thanks for the photos Imre.

Based on what you have seen recently, When do you
think the handover could be?

I think Q3-Q4 2009

This is one of my favourite projects.

I think Q3-Q4 2009

Hi Imre,

Are you serious about h/o in Q3-Q4 09 ????

That is at least six months later than your own previous estimate.
The progress has been pretty good so far, so why do you
think there will be such a major delay?

Thanks for your reply.

yes, progress is very good but still needs time..

another thing, the plot still not have access from the main road, I saw the soil testing finished just last week, podium and parking works will be starting soon..(developer is the Ali Moosa and Sons, same as X plot podium and parking )

can be ready 1 year from now, but dont forget the summer break and after the ramadan , thats why I guess Q3-Q4 2009.

I will be happy before :)

Hi Imre,

Thanks for your reply. I agree with your point about the
extra delay caused by summer working hours and Ramadan.

You mentioned that the developer is Ali Mousa, but
I think the developer is AL BODOR? Do you mean that
Ali Mousa is the developer of the access road or
something else?

Do you see many workers on the LST site these days?


Thanks

Cool. Is taking shape fast. :shifty:

Hi Imre,

Thanks for your reply. I agree with your point about the
extra delay caused by summer working hours and Ramadan.

You mentioned that the developer is Ali Mousa, but
I think the developer is AL BODOR? Do you mean that
Ali Mousa is the developer of the access road or
something else?

Do you see many workers on the LST site these days?


Thanks


yes, Ali Moosa is the developer of the common podium and the parking structure of the X and Y plots, big board is there. Only 2 plots because this is the extension of the JLT.

Another plots developer is the ASCON, they are doing the podium and parking structure as well.

Lots of workers there , progress is good just need time..

yes, Ali Moosa is the developer of the common podium and the parking structure of the X and Y plots, big board is there. Only 2 plots because this is the extension of the JLT.

Another plots developer is the ASCON, they are doing the podium and parking structure as well.

Lots of workers there , progress is good just need time..

Thanks Imre,

Do you have any info on Anantara re-start (or completion) date?
This one looks so nice, but will it ever be built????
Any idea why it suddenly stopped?

Anantara Hotel will have a major impact on LST and this part of JLT.

Any update is really appreciated.

Update (http://www.lakeshoretowersdubai.com/content/construction_update.asp) the from official website. May 2008.

http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_01.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_01.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_02.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_02.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_03.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_03.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_04.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_04.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_05.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_05.jpg)

http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_06.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_06.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_07.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_07.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_08.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_08.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_09.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_09.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_10.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_10.jpg)

http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_11.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_11.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_12.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_12.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_13.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_13.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_14.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_14.jpg) http://www.lakeshoretowersdubai.com/images/const_updates/thumbs/08/may/25_05_08_15.jpg (http://www.lakeshoretowersdubai.com/images/const_updates/08/may/25_05_08_15.jpg)

^^
Thanks for the update, and for keeping this thread active.
I wish there were more people like you and Imre around.

please keep it up. :)

Any update on our neighbour, Anantara?

Can someone please post some new info?

Looks great! :banana: :cheers:

there is construction. i was there last week

18/July/2008

Lake Shore Tower, JLT


I saw just this from my balcony,no idea what happened.


http://img241.imageshack.us/img241/74/imresolt404ni5.jpg (http://imageshack.us)

http://img300.imageshack.us/img300/9099/imresolt405jg2.jpg (http://imageshack.us)

http://img300.imageshack.us/img300/5616/imresolt418qm5.jpg (http://imageshack.us)

http://img142.imageshack.us/img142/7679/imresolt408yk9.jpg (http://imageshack.us)

This has been topped out anyway.

:okay: great, any picutre ??

Lakeshore Towers completion date will be this coming December 2008, but why i cant find good pictures...i want to see how's it looks like... anyone having the pics?

i like it :)

first crane coming down.

Last time I said Q3-Q4 2009 but I think I was too optimistic ,more realistic the 2010 for the handover, not before.What do you think?

parking and podium structure also need time, piling just started there.

Hi,Imre I'm a new user.The developer told me a few days ago,that handing over of our apartments starting January 2009.It is possible to post an actually picture from your neighbour-tower.thanks

Jan 2009? I wish ,but I dont think so that the podium and parking structure will be done then.We will see.

I will take pics at the JLT site on Friday.

29/Aug/2008

Lake Shore Tower

http://img181.imageshack.us/img181/736/imresolt282og7.jpg (http://imageshack.us)

http://img181.imageshack.us/img181/7616/imresolt331eo2.jpg (http://imageshack.us)

Hi Imre,thank you very much for your pics.We stay in Germany and it is a help and hope to see your actually pics.

Hi stehan23,do you invest in Lake Shore Tower?

Is nice tower. Like the space rocket.

Hi stehan23,do you invest in Lake Shore Tower?

Nop !!

I think the enquirers on this site owe a big show of gratitude to you Imre for all the pics and updates that we probably would not have seen in such detail on the developers site!

I've also invested in the above property, what are your thoughts on the expected prices, potential rental income, growth prospects, etc?

any news about lake shore tower? Al Bodor promised with a message end
of august 2008 starting handover of our apartments january 2009.

Yes Hessen, I got the same notice. I've been speaking to Al-Bodor and the Banks as well to find out the state of play and the number of people that have sold before completion....the numbers were very interesting?

What do you think about the development and the market so far?

^^ marvellous development. i saw the show apts a few months ago.

in my opinion LST was and is a good investment.2-BR located on a higher floor with lake view is now about 1800 AED/sqf and this price will increase after handover.

Hessen, I was under the assumption the price sq ft was around 1450 aed, this is what i was informed from the developer and the banks, are you sure it is as high as 1800 aed??

Do you think there are too many building in dubai, and this may push prices down, or do you think the prices will stagnate?

Rex, what did you see in the show apartment?? I presume show apts will always be nice to look at, but was there anything unique??

Tuff,GNProperties4U this morning: 10 LST 2-BR min.1408,max. 1843,average1543 AED/sqf

Hi Tuff , I have an apartment in this tower. I am planning to hold on to this apartment despite the talk of looming downtrend in dubai. Basic reason is that i belive overall JLT has very good fundamentals. 3 Metro stations next to it , mix of commercial and residential towers.
Good thing about LST particularly is that its not in front row of JLT towers which means lower traffic noise from SZR. I have recently gone inside some towers on front row and there is high continuous noise from SZR even when no construction activity is around.

Price I believe should be around 1400 psf to 1500 psf but this is bound to increase. Rental returns , 60K to 80K for studio , 90K - 120K for 1 bed .
As for growth prospects , just wait for metro station and some commercial towers to fill up and there would be huge demand for residential apartments in JLT.
My own analysis , better to hold on to the apartment if you can .

Do you think there are too many building in dubai, and this may push prices down, or do you think the prices will stagnate?


There may be too many buildings but again influx of new residents is also high. I can share only a practical experiece. 1 bedroom apartments (700 something sqf ) in International City were renting for 55K - 65 K about 6 to 7 months ago. Just last week my friend rented his 1 bedroom for 85K !!! Most amazing thing was it got occupied just 2 days after he placed the ad. Everything that goes high must come down eventually , but I dont feel rents would take a big hit for sometime .

Hessen, I was under the assumption the price sq ft was around 1450 aed, this is what i was informed from the developer and the banks, are you sure it is as high as 1800 aed??

Do you think there are too many building in dubai, and this may push prices down, or do you think the prices will stagnate?

Rex, what did you see in the show apartment?? I presume show apts will always be nice to look at, but was there anything unique??

the one beds were well built... i liked the flooring and the wood used in the kitchen cabinets/doors and the likes...
it was also property rectangular and not very curvy which makes for good furnishing.

Hessen, I checked the website, looks like the prices are still on the increase!

Rexdmx, thanks for the feedback on the quality of the apts, I heard the finishing was very high quality.

Sidxb, what you say makes sense, and I think in the long run it will be very profitable, I guess I'm a little cautious of the sudden prices rises, especially after the UK prices rose abnormally in a similar manner, and eventually dropped causing investors a big issue! Also, dubai seems to follow the US market, and as you are aware of the credit crunch and big mortgage companies going bust, I'm wondering what affect this will have on Dubai, as foreign investments will now be scarce.
What is your estimation of the annual rent for a 2 bed apt?


Has anyone else purchased this property through a mortgage at First Gulf Bank? I've been informed that the interest payments during the construction delay will still have to be paid by the Investor...even though the agreement was to pay only 2 years upfront. Has anyone clarified this with the developer??

Hi All,

I've received a report regarding new proposed tax legislations in Dubai, and also the crack down on investors flipping the properties without paying penalties. Also developers are no longer offering the residency visas.

Is anyone aware of these issues and do you know whether these issues will affect the LST investors?? I dont think it should LST investors but it may be a good idea to check with the developers.

Tuff, I am currently in process of buying my first appartment here in Dubai. As I have been informed so far, you will pay the accumulated interest on handover as a lump sum.

I did make some enquiries to FGB as initially I was interested in LST, I was put off by their EIBOR+ 3% rate and the fact that FGB dont seem to have much of a presence locally, or indeed any reputation to go by. In fact the Finance advisors at Better Homes warned me off as a financed purchase. LST may be more interesting with cash.

Just my 2 cents from recent findings, but I am sure there are much more experienced people on this board to advise in more depth.

LST also looks far from ready for a new year handover in, I drive by it daily. Which was another reason for me to look elsewhere.

good luck with it though, I really liked the design of LST.

I've heard from someone moving into DG that 100 buildings are basically ready but are being released slowly so as not to dampen the rental market. This is bound to affect rental rates in JLT late 08/early 09. :ohno:

Hi Andy, thanks for your info. You're right in expressing concerns with regards to the interest rate at EIBOR +3%, nevertheless I think for rental purposes, it will still be somewhat profitable as the current rental yield in Dubai is 8% - 10%. Nevertheless, for investors who have paid only the 2 years interest payments upfront, the ROI is suberb if they decided to sell, and maybe even better if they wait a while longer. With regards to FGB, you're correct in saying that they have little presence. Nevertheless, so far they have been very thorough in vetting people although a little quiet for my liking, but prompt in responding to emails and questions I've asked.

A few other have also mentioned it is far from completion, I think we probably will wait another year.

I think the biggest concern at this point is the issue of who will bear the cost of the addition interest payment during the extended construction period till handover?
Is there anyone else out there who have bought under FGB finance??

Gormandy, where is DG? Is there more info on this and would this impact LST directly or Dubai as a whole?

TO ALL,is the promise of Al Bodor to start handover in january 2009 realistic?The last construction update dated from july 2008.

Tuff, its actually EIBOR+3% with a MINIMUM of 8%! Considering interest/profit rates are falling currently, all be they still higher than we are used to elsewhere, this put me off.

I wouldn't be surprised if other lenders had a similar structure, but the main ones(tamweel, amlak, hsbc) have not stated it.

TO ALL,is the promise of Al Bodor to start handover in january 2009 realistic?The last construction update dated from july 2008.

I am also buying an apartment here. Not much info from developers. I am flying over to Dubai tomorrow and intend to see somebody at the developers for an update. Will post any info on here.

Hi
Can anybody please give me more information about the quality of Seef tower 3.
Thank you

Padley,thanks in advance

Hi
Can anybody please give me more information about the quality of Seef tower 3.
Thank you

I saw the Seef 2, if the Seef 3 same , quailty is very good.

today there is a new construction-update from Al Bodor and it show a very slow progress since the last update from july 2008.The handover date starting in january 2009 looks like a joke.any news?

Hi hessen , I dont think Jan 2009 date is achievable. Even if by any miracle Lakeshore tower is completed by that month, the parking work or the tower access work at Y cluster is far from completion, infact its not even yet started. Last month I visited the site and I feel access work will take much longer. These roadworks and parking work is responsibility of DMCC and if you visit JLT area in detail you can notice they are very slow in this. Only tower where they completed roadworks is next to Almas tower which is there own tower :)

sidxb,thanks

Cheers Andy, I'm a little gob-smacked.
The rate is worrying me...especially in today's global credit climate. Do you know if it is possible to remortgage through HSBC?

Tuff.. things just got worse.. this is should probably be in the general section but the Central Bank of the UAE has now laid down restrictions to Banks and Finance houses that a maximum of 60% can be financed (banks) and 75% (Tamweel, Amlak etc). So no more 90%ers for a while.
Anyway, HSBC was giving 8.4% a month or two ago.. and it reduces the larger your downpayment is.. they site does not seem updated with latest regulations but it might be helpful

http://www.hsbc.ae/1/2/ALL_SITE_PAGES/loans/home-loans

Thanks Andy, that's quite helpful. I'll be on the phone to Al-Bodor to discuss my options.

Do you know how far the Metro link will be from the building? I here 3 will pass through, but unsure where they will be situated.

Thanks Andy, that's quite helpful. I'll be on the phone to Al-Bodor to discuss my options.

Do you know how far the Metro link will be from the building? I here 3 will pass through, but unsure where they will be situated.

The nearest metro is directly in front of Green Lake Towers, which will be a 10-15min walk for LST I imagine, not having tried it myself. If you look at http://www.jumeirahlaketowers.ae/jlt_launch/interactive_map.aspx you can see the locations of the 2 stations in relation to your building.

HAVE JUST GOT BACK HOME FROM DUBAI. I DROVE OUT TO THE SITE TO SEE FOR MYSELF THE PROGRESS BEING MADE AND I AM NOT IMPRESSED.
THE RECENTLY POSTED PICTURES ON THE OFFICIAL WEBSITE DO NOT TALLY UP WITH WHAT I SAW.
OFFICIAL PICTURES SHOW WARDROBE INSTALLED ON LEVEL 39.
KITCHEN AREA TILED ON LEVEL 40.
DB INSTALLATION ON LEVEL 41.
AS THERE ARE NO WINDOWS ON THE FLOORS WHERE THE BUILDING BECOMES ROUND AND THE WALLS LOOK LIKE THEY ARE JUST BREEZE BLOCK, I CANNOT BELIEVE THAT THE ABOVE WORK HAS BEEN CARRIED OUT.
WHEN THEY BUILDING IS EVENTUALLY COMPLETE, THE SURROUNDING AREA IS STILL GOING TO BE A BUILDING SITE.
Y3 SWISS TOWER IS ONLY UP TO ABOUT LEVEL 6 AND Y1 JUMEIRAH BUSINESS CENTER IS AT LEVEL 1.
THE ANATARA HOTEL, POSITION Z2 IS JUST A HOLE IN THE GROUND.
THESE BUILDINGS WILL PROBABLY BE 2 YEARS BEFORE COMPLETION.
WILL POST THE PICTURES I TOOK AS SOON AS POSSIBLE.

http://1330.JPG

Thanks again Andy, hopefully I can get to see it all for myself later in the year when I visit.

Padley, any idea when you will get your pics uploaded?

to all,it is meaningful to join the interests of Lake Shore Towers investors ?
?.
r

Hi Andy, thanks for your info. You're right in expressing concerns with regards to the interest rate at EIBOR +3%, nevertheless I think for rental purposes, it will still be somewhat profitable as the current rental yield in Dubai is 8% - 10%. Nevertheless, for investors who have paid only the 2 years interest payments upfront, the ROI is suberb if they decided to sell, and maybe even better if they wait a while longer. With regards to FGB, you're correct in saying that they have little presence. Nevertheless, so far they have been very thorough in vetting people although a little quiet for my liking, but prompt in responding to emails and questions I've asked.

A few other have also mentioned it is far from completion, I think we probably will wait another year.

I think the biggest concern at this point is the issue of who will bear the cost of the addition interest payment during the extended construction period till handover?
Is there anyone else out there who have bought under FGB finance??

Gormandy, where is DG? Is there more info on this and would this impact LST directly or Dubai as a whole?

Hi, following on from the raised issue can anyone update me of paying profit during construction for LST if you have a mortagage from FGB! As they told me if it's late then the Developer has to bear the cost above the 2 year interest already paid by the investor Is this still true?

Also does anyone have a contact at FGB to discuss this as I am having no luck in tracking someone down!

Hi Scottj,

I have the details for a guy called Lester Verma, so private message me. Lester is the team leader for the mortgages at FGB and has regular meetings with AL-Bodor. Send him an email with your queries and he normally responds within a few days. I've corresponded with him in th past and I asked him whether the Developer would bear the cost of the extended time period, and he said that this is a conversation I should have with the Developer...go figure!! So good luck. But Lester's a good guy and is keen to help.

PM me soon.

Hi Guys! :)

I'm new to this thread (but sincerely wish I'd joined in earlier!)

All of you have made a "wonderful" contribution with extremely valuable inputs/feedback on this project; Having reviewed the thread history, I wish to particularly extend my sincere "thanks" to IMRE SOLT for the great pictures (& timely updates) posted so far...PADLEY has also done a commendable job by posting a more recent first-hand update...

I believe there are quite a few serious investors like me in this prestigious project who keep looking forward to as many inputs/deliberations/debates especially in times like these where the entire world seems to be in the grip of a serious financial turmoil and most new investors are adopting a "wait & watch" policy...

There are a few concerns emerging out of the current scenario and I am sure we all can contribute our bit to enlighten the forum on the stakes/prospects of this investment.

Firstly, it would be a good idea to discover the current status of 'Lake Shore Tower' (as an investment) post the recently concluded (& much-hyped) "Cityscape" event which was expected to create a higher value to the general property market in the region. Has this or other global factors had any impact (postive or negative) on the returns of this investment? What is the current market value commanded by the 'Lake Shore Tower'? Is it still expected to rise until completion/hand-over?

As has been discussed in the past, there is every possibility that the 'Lake Shore Tower' would NOT be completed/handed-over as per the recent Developer's communication to Investors in January 2009. It has been rightly pointed out that even if the individual tower is deemed complete, there would possibily be NO access to the building, and therefore there is expected to be a certain time lag before completion of the surrounding development. But would this mean that the Developer would not be permitted to hand-over the property to individual Investors until all approach/podium/parking & associated towers (Y1 & Y3) are complete? Or would the Investors be stuck with an issue of a property that is handed over (on paper) & paid-up fully but is NOT physically usuable/approachable? Has any Investor secured a feedback from any dependable source on the possible/tentative (revised) date for a hand-over?

I am aware that completed projects are currently commanding a premium in Dubai (especially apartments & villas) and sale transactions are being effected smoothly & surely. But has anyone had a first-hand experience for sale of an off-plan property in Dubai? I am given to understand that there aren't very many takers for properties that have currently defaulted on their completion schedules or are expected to be ready a year or two later. Even though the paper value of the apartment/villa is high, the realization process is pretty slow & difficult. Appreciate any inputs on this...

Finally, wouldn't it be a nice idea to consolidate all the possible future factors that may influence the valuation of 'Lake Shore Towers'? These could include positive factors such as the Dubai Metro or negative factors such as the completion of neighborhood 'Discovery Gardens', etc.

"Thanx" once again to ALL & please keep up the valuable inputs/pictorial updates...

Cheers!:)

Hi All,

I've had a conversation with the developers Al-Bodor. I asked a series of questions which were concerning me and here is the out come of the conversation: (please bear in mind, I am only documenting the replies given to me, not my personal opinion of their replies)

1) I asked whether the handover for Jan 09 is realistic. Apparently the buliders notify the developers if there is a delay. As of yet, Al-Bodor have NOT been given notification by builders informing them of any delay. So, the handover will take place in Jan 09. If there is a delay, they will know by December, at which point they will inform the investors who have purchased apartments. However, they seem hopeful that it will be on target for Jan 09, as ALL exterior work such as leading, glass fitting, panelling etc have been completed.

2) I asked about compensation for the current delay from July 08 to Jan 09. They replied that within everyone's contract there is a clause that highlights no compensation will be given as long as the delay does not exceed 1 year i.e. upto July 2009. If it exceed one year they will provide compensation. When I asked what the compensation would be they replied, they will have to get back to me.

3) For those of you that have a mortgage deal with FGB, read on. I probed A-Bodor about the extra interest payments between July 08 and Jan 09 and who is liable for this payment. Again, they mentioned the one year non-compensation rule, which essentially eliminates them from any compensation or liabilities if there is a delay of one year. However, when I stated that although the one year rule is highlighted within the contract, the extension to any interest payment from July 08 is NOT highlighted in the contract and this was not part of the agreement, they said they will contact the bank to arrange a meeting and they will inform me asap .

4) I also asked about the other buildings adjacent to Lakeshore Tower, and whether these would hinder residents by way of access, noise, parking etc. Although Al-Bodor sympathize, they have no influence or authority to other buildings within the surrounding area as each development have different completion dates. However, Al-Bodor stated that they would try to minimise disruptions where possible.

5) Finally, I asked them about the current market sq/ft price. Al-Bodor stated, the 1st level starts at 1450 Dhs, and it goes up with each floor. They also mentioned that once the building is completed, this would increase the price significantly.

Al-Bodor seemed to be very pleasant and helpful and promised that they will be contacting me with other answers.

Again, these are only the official responses that I have had from Al-Bodor, not my opinion.

My gut feeling with the response in point 3, is that they will try and get the investors to pay the interest payment for the extended period by producing some legal arguement. So unless this legal argument is compelling and is stated black and white in any of the contracts we hold, investors should fight it and stick together to have one common message for the developers. I will let you all know what response they have given to me regarding this.

Regards,

Tuff

However, they seem hopeful that it will be on target for Jan 09, as ALL exterior work such as leading, glass fitting, panelling etc have been completed.


Thanks for the write up Tuff :)
But wow... we must be looking at two completely different buildings. The Lake Shore Tower I drive by twice per day still has no glass on the upper 3rd, and to be honest I have seen no external progress in a couple of months. I'll take photos at the weekend to demonstrate this.

"Thanks" a ton TUFF for the valuable inputs directly from the horse's mouth! :) "Thanks" to ANDYH also for the first-hand physical evidences at site! :) You guys are a real "blessing" to investors on the forum (especially those residing outside of Dubai!) :):):)

It would surely be "interesting" to see latest pictures posted by ANDYH in order to make an assessment of Al-Bodor's view-point.

I agree with TUFF that Al-Bodor has so far been very receptive in their dealings/communication with Investors and I sincerely hope it remains that way :)

Are the current market prices indicated by Al-Bodor "realistic"??

Keep up the tempo...Cheers!

Guys
On my drive-by today I saw that they have actually started fitting the windows on the top third of the tower.. there are now one or two vertical strips in place along the side. This is the first external change I have seen for a while and I am happy for you that progres is being made. Pics to come ASAP

"Thanx" ANDYH for today's update...really appreciate!

Shall eagerly wait to see some new pictures :)
Cheers,

some photos from today..

http://img238.imageshack.us/img238/1959/pa240107mh0.jpg (http://img238.imageshack.us/my.php?image=pa240107mh0.jpg)

http://img49.imageshack.us/img49/1817/pa240106bk2.jpg (http://img49.imageshack.us/my.php?image=pa240106bk2.jpg)

http://img238.imageshack.us/img238/7747/pa240109zz5.jpg (http://img238.imageshack.us/my.php?image=pa240109zz5.jpg)

Hey Andy,

Thanks so much for these! I'll be on the phone to the developer looks like!

Judging from the pictures, it'll be at least March/April 09 before things are completed, as they would still have the internal work to do for the top third. I guess the developers are being hopeful for the January completion date.

Again, a huge thanks to you for the pics mate, I really appreciate it.

Tuff

Jan completion date is impossible.

Will be atleast 6 to 7 months.

"Thanx a TON" ANDYH for these wonderful close-up pix of the tower! :):) Really appreciate these inputs...

I agree with TUFF that judging by the pix, the tower should be ready in the 1st quarter of 2009. Also, interestingly, correct me if I am mistaken, but the tower seems quite approachable; thereby defying arguments of delays attributed to other factors.

I get a feeling Developer would start a phase-wise hand-over of completed units by March 2009.

Guys, any updates on the current market value of the apartments floor-wise/view-wise, etc?? Is there an imminent appreciation expected upon hand-over like in current projects? What are the expected rental returns for different type of apartments in this tower?

Keep the ball rolling...Cheers!:)

Hi All,

I've had a conversation with the developers Al-Bodor. I asked a series of questions which were concerning me and here is the out come of the conversation: (please bear in mind, I am only documenting the replies given to me, not my personal opinion of their replies)

1) I asked whether the handover for Jan 09 is realistic. Apparently the buliders notify the developers if there is a delay. As of yet, Al-Bodor have NOT been given notification by builders informing them of any delay. So, the handover will take place in Jan 09. If there is a delay, they will know by December, at which point they will inform the investors who have purchased apartments. However, they seem hopeful that it will be on target for Jan 09, as ALL exterior work such as leading, glass fitting, panelling etc have been completed.


2) I asked about compensation for the current delay from July 08 to Jan 09. They replied that within everyone's contract there is a clause that highlights no compensation will be given as long as the delay does not exceed 1 year i.e. upto July 2009. If it exceed one year they will provide compensation. When I asked what the compensation would be they replied, they will have to get back to me.

3) For those of you that have a mortgage deal with FGB, read on. I probed A-Bodor about the extra interest payments between July 08 and Jan 09 and who is liable for this payment. Again, they mentioned the one year non-compensation rule, which essentially eliminates them from any compensation or liabilities if there is a delay of one year. However, when I stated that although the one year rule is highlighted within the contract, the extension to any interest payment from July 08 is NOT highlighted in the contract and this was not part of the agreement, they said they will contact the bank to arrange a meeting and they will inform me asap .

4) I also asked about the other buildings adjacent to Lakeshore Tower, and whether these would hinder residents by way of access, noise, parking etc. Although Al-Bodor sympathize, they have no influence or authority to other buildings within the surrounding area as each development have different completion dates. However, Al-Bodor stated that they would try to minimise disruptions where possible.

5) Finally, I asked them about the current market sq/ft price. Al-Bodor stated, the 1st level starts at 1450 Dhs, and it goes up with each floor. They also mentioned that once the building is completed, this would increase the price significantly.

Al-Bodor seemed to be very pleasant and helpful and promised that they will be contacting me with other answers.

Again, these are only the official responses that I have had from Al-Bodor, not my opinion.

My gut feeling with the response in point 3, is that they will try and get the investors to pay the interest payment for the extended period by producing some legal arguement. So unless this legal argument is compelling and is stated black and white in any of the contracts we hold, investors should fight it and stick together to have one common message for the developers. I will let you all know what response they have given to me regarding this.

Regards,

Tuff

Tuff, thanks for the update as this is a very worrying point! I was told 100% by FGB 2 years ago that if the building was late then it's the developer who makes up the extra payments. No were does it say that the investor should! So let's stick to this and please let me know what happens? Who is your contact with the Developer is is Sandi? As everytime I speak with them no one is that forth coming with info! Cheers

Guy's forgot to say, that I met with FGB about 2 months ago and the rep showed me a piece of paper saying that they expect mortgage payments to start in May 2009!

So don't get your hopes up and I have been involved in a other handover in Dubai and sometimes it takes 2/3 months for DEWA connection as well!

Good luck everyone and keep sharing the information!

Cheers

Hi Scottj,

Yes, the contact is Sandi. How did you get on with Lester?

You mentioned the Developers showed you a peice of paper which indicated mortgage payments starting from May 09. Was this the official mortgage payment schedule and the fact they anticipate the construction to finish in May or just an example of a mortgage illustration?
I'll be going to Dubai for a few days in December, and will be meeting the Developers, so I'll enquire about it.

By the way, what's DEWA?

Hi Guys,

It is interesting to note 02 very contradicting inputs...

Al-Bodor (developer) had sent an official mail dated 21st August 2008 informing Investors about the delay in project completion and the possible hand-over commencing January 2009.

Around the same time (two months ago), our friend SCOTTJ claims to have met with Al-Bodor representative & has been shown a mortgage document indicating payments commencing May 2009! :nuts:

It looks like even Al-Bodor is not sure of the project completion schedule!! :ohno:

SCOTTJ is right when he says even DEWA (Dubai Electricity & Water Authority) would take 2-3 months for utility supplies to the building once it is ready. Therefore, I believe it is safe to assume a possible delivery of May 2009 for now...We shall also have to wait & see how the tower completion progresses...By the way, Sandi is also my contact point with the Developer so far.

Cheers! :)

Thanks AndyH. The building looks great!

..

Sorry guys - not quite sure how to do this upload of photos

I know there are instructions somewhere but I'm somewhat jetlagged!

Hi Scottj,

Yes, the contact is Sandi. How did you get on with Lester?

You mentioned the Developers showed you a peice of paper which indicated mortgage payments starting from May 09. Was this the official mortgage payment schedule and the fact they anticipate the construction to finish in May or just an example of a mortgage illustration?
I'll be going to Dubai for a few days in December, and will be meeting the Developers, so I'll enquire about it.

By the way, what's DEWA?

Hi, FGB say that we should pay any extra profit during construction by adding it onto our mortgages! I said no, as I have not signed anything to say yes ad that if building was late then I was told the developer covers this with the bank!!! Does anyone know difference!

I am in construction and can tell you now 100% that you will not get your keys until May 2009 as so much to finish and Dubai Electricity Water Authority (DEWA) are stretched with connections!

Hi all,

I completely agree with Scottj on not paying for the interest during the extended period. If it isn't written in the contract, then it would not be fair to investors to bear this cost. My fear is that developers often re-issue contracts if they feel they have made a mistake and almost coerce you to sign by stating that the areas of investment would be at risk! So i think its important that investors in this position need to stand united! I'll be contacting a lawyer in Dubai to oversee the contractual issues, so any attempt by the developer to enforce any extra interest payments will be stopped. In terms of figures for interest payment, I've made a brief calculation with the assumption the handover will be in May09. Therefore, if you bought a reasonable 2 bed apt at around 1,200,000 Dhs, then the interest payment (at 8.5%) inclusive of May 09 would be 92000 Dhs or £15,400! So its a sizeable amount, and it is this figure they would like to add to the existing loan. Not good.

There's been a few post around market value, and I've had a look on various websites regarding current prices. The figures as of 30th Oct 08 are stated below, bear in mind this is only guidelines prices. There is strong speculation that prices in December will increase further, and with the added situation in US and UK, the recruitment agents have received massive amount of CV's for people wanting to work and move to Dubai. This will further increase demand and rental yield. May be AndyH knows more about the current market situation than me as he lives there. AndyH, let me know what you think.

Anyhow, here are examples of 2 beds apts that are advertised.

2 Bed: Price – 2,093,000; Sq/Ft – 1495; Price per sq/ft – 1400; Floor – 4th
2 Bed: Price – 2,200,000; Sq/Ft – 1495; Price per sq/ft – 1471; Floor – ?
2 Bed: Price – 2,233,738; Sq/Ft – 1495; Price per sq/ft – 1493; Floor – 4th
2 Bed: Price – 2,243,475; Sq/Ft – 1495; Price per sq/ft – 1500; Floor – ?
2 Bed: Price – 2,360,000; Sq/Ft – 1495; Price per sq/ft – 1578; Floor – ?
2 Bed: Price – 2,530,800; Sq/Ft – 1406; Price per sq/ft – 1800; Floor – 37th
2 Bed: Price – 2,367,960; Sq/Ft – 1283; Price per sq/ft – 1845; Floor – High


Regards,

Tuff

Beware of Dubai developer mortgages!

I have been trying to help out a friend recently with the handover of his apartment in JLT. He opted for the developer mortage extending payments on the property up until 2013. He was told that the building was ready for handover and that the keys could be collected.

When I arived at the offices I was told that I had to supply PDC payments before the keys could be released. "How much is the Palm District Cooling fees I asked"? The rep then tells me they want 56 post dated cheques to cover each and every one of the remaining payments. They claim that unless they already have these as guarantees how do they know the owner will continue to pay.

I tried to explain to the guy that in the UK the lender holds onto the title deed until all payments are fulfilled, he responds that "this is how things are done here in Dubai".

Only people with residency visas in Dubai can open a current account with cheque book so there is obviously no thought given to foreign owners.

If I was in your shoes I would check the payment rules they are going to subject you too when it is completed.

http://img525.imageshack.us/img525/6628/pa310148ri3.jpg (http://img525.imageshack.us/my.php?image=pa310148ri3.jpg)

http://img204.imageshack.us/img204/4263/pa310149wj1.jpg (http://img204.imageshack.us/my.php?image=pa310149wj1.jpg)

http://img204.imageshack.us/img204/9596/pa310153xb1.jpg (http://img204.imageshack.us/my.php?image=pa310153xb1.jpg)

Thanks again Andy, hopefully I can get to see it all for myself later in the year when I visit.

Padley, any idea when you will get your pics uploaded?

Hi guys,
I cannot find a way of posting the pictures I took, but they where pretty much the same as the ones Andy has posted recently.
Thanks for all the information you have been posting these last couple of weeks.

Thanks to all of U 4 great and unvaluable contribution to this thread. Wish I found it earlier. I had a meeting with the developer yesterday and after giving them many exit opportunities and chances to change their mind about the January hand-over, they still maintain that hand over WILL start in end of January with the infrastructe development around the building is due in May. They also maintain that the building will be accessable at the handover date. This is just what I was told only and not my opinion.

I'm passing by the tower every day and checing the site on a weekly basis. I must say there has been rapid developments the last few weeks but I'm concerned about access and DEWA connection. I really don't know how much power Al Bodor has to impact these factors which are partly circumstances beyond their control.

Btw, I forgot to ask about the maintenance fee. Does anyone out there have ANY information aboot this, despite the fact that it will be "according to present market rates"?

Thanks to all of U 4 great and unvaluable contribution to this thread. Wish I found it earlier. I had a meeting with the developer yesterday and after giving them many exit opportunities and chances to change their mind about the January hand-over, they still maintain that hand over WILL start in end of January with the infrastructe development around the building is due in May. They also maintain that the building will be accessable at the handover date. This is just what I was told only and not my opinion.

I'm passing by the tower every day and checing the site on a weekly basis. I must say there has been rapid developments the last few weeks but I'm concerned about access and DEWA connection. I really don't know how much power Al Bodor has to impact these factors which are partly circumstances beyond their control.

Btw, I forgot to ask about the maintenance fee. Does anyone out there have ANY information aboot this, despite the fact that it will be "according to present market rates"?

Hi, thanks for the info, let's keep sharing it! The developer is living in dream land! They are probably being told fibs from the contractor or they don't want to admit another delay until it happens, as no way will the interiors be finished for Jan 2009! Also DEWA connection is taking on average 3 months as they are overloaded! I still haven't heard back from FGB about my questioning their extra profit during construction after being told we would have to pay! So once again Dubai lack of customer service!

I heard maintenance was going to be over 20dhs per sq ft plus chiller and plus community fee! So don't expect much change out of 50,000Dhs per year!

Keep the info coming. Good luck everyone.

Hi All,

I did a brief site visit ( just to mock apartments at floor 2 ) a week ago. My apologies since I deleted the photos while experimenting on my mobile. As mentioned by others , January handover is unachievable. However , as owner I am more concerned about the quality of completed building. I wish it would be at par or better quality compared to other towers in JLT. Thankfully the roof works are progressing as in original design and this is one feature that would distinguish this building from others.
I had another apartment in Lake View Tower ( JLT ) , on completion the building looks totally different from original render. The roof feature is totally missing now. Despite the fact that building is opposite to Metro station , I had difficult time in finding a buyer when I sold apartment ( in Mid August ). People would come to building and despite attractive price , they would turn away. Even after completion developer had few apartments to sell ( unlike rest of JLT buildings ). Although developer completed the building early but they cut out many fancier aspects and now building looks out of place in JLT. Its just a tall ugly structure with apartments inside.
So bottom line , I would be much happier if LST comes up as it was designed in original renders even if that means further delay in handover. However , I would go through the original agreement to check if any compensation payments were mentioned in case of delays.

Hi All,

I did a brief site visit ( just to mock apartments at floor 2 ) a week ago. My apologies since I deleted the photos while experimenting on my mobile. As mentioned by others , January handover is unachievable. However , as owner I am more concerned about the quality of completed building. I wish it would be at par or better quality compared to other towers in JLT. Thankfully the roof works are progressing as in original design and this is one feature that would distinguish this building from others.
I had another apartment in Lake View Tower ( JLT ) , on completion the building looks totally different from original render. The roof feature is totally missing now. Despite the fact that building is opposite to Metro station , I had difficult time in finding a buyer when I sold apartment ( in Mid August ). People would come to building and despite attractive price , they would turn away. Even after completion developer had few apartments to sell ( unlike rest of JLT buildings ). Although developer completed the building early but they cut out many fancier aspects and now building looks out of place in JLT. Its just a tall ugly structure with apartments inside.
So bottom line , I would be much happier if LST comes up as it was designed in original renders even if that means further delay in handover. However , I would go through the original agreement to check if any compensation payments were mentioned in case of delays.

This sounds more like Lake City tower?

This sounds more like Lake City tower?

Oops :nuts:... you are right , it was Lake City Tower ( The building in cluster with Lake Terrace ) and NOT Lake View Tower.

When you want to purchase in JLT , there are so many identical names , it gets confusing :)

Hi, thanks for the info, let's keep sharing it! The developer is living in dream land! They are probably being told fibs from the contractor or they don't want to admit another delay until it happens, as no way will the interiors be finished for Jan 2009! Also DEWA connection is taking on average 3 months as they are overloaded! I still haven't heard back from FGB about my questioning their extra profit during construction after being told we would have to pay! So once again Dubai lack of customer service!

I heard maintenance was going to be over 20dhs per sq ft plus chiller and plus community fee! So don't expect much change out of 50,000Dhs per year!

Keep the info coming. Good luck everyone.

Scott,
you say maintenance is going to be over 20 dhs, in my contract it says approx 8 dhs per sq ft, this is going to be a massive increase.
Also what is chilller and the community fee.
50,000 dhs per year is going to be near £10,000 per year the way the exchange rate is going.

i think we can assume that service charges will total around 25% of the rent in JLT. It will just have to be taken into account in the cost when the Apartment is rented out

Scott,
you say maintenance is going to be over 20 dhs, in my contract it says approx 8 dhs per sq ft, this is going to be a massive increase.
Also what is chilller and the community fee.
50,000 dhs per year is going to be near £10,000 per year the way the exchange rate is going.

Hi, you have to remember that fee is provisional and was quoted 2 years ago. As my friend is paying 15per sq ft for Discovery Garden apt. Also chiller is the AC which is seperate for the JLT area, approx 5000dhs per year plus you have a community fee for outside of the building to the master developer. So example: 1500sq ft apt = 20dhs per sq ft x 1500 = 30000dhs plus chiller approx 5000dhs + community fee approx 10dhs per sq ft = 15000 so total approx 50,000Dhs. Even if the maintenance fee was 15dhd per sq ft, still a massive yearly pay out of 42500Dhs per year!

Is the master developer going to itemise the service fee? At present all I can see is capital expenditure on what should have been in place anyway so why should they be charging for any maintenance as yet?

Can you choose to live without a/c? Is this practical? I was over in October and was quite happy to have the air-con switched off for a few days but also happy to have it on full blast. Is there any metering of this?

I'm not sure where all our service charges are going to go since my understanding is that a lot of the security/maintenance staff are labourers that are doing that to supplement their meagre earnings and provide a nice place to allow them to get clean and 'rest'. Surely with a new build all the faults should be put right by the developer - definitely in the first year which should only leave a bit of cleaning and security - at the rate we seem to be being asked to pay you could have your own maid and permanent security guy outside your apartment door!

I have 1 Bedroom apartment in this tower for sale, here are the details:
Area is 1,026 SQ, lake view, on a High Floor.

Iam looking for 1,500AED per SQ Feet if anyone is interested contact me on mobile 00971-503555572

iam the direct owner.. Thank you all..

I have a problem to open the lst-website construction update.is this a general problem or my own problem?

Hessendubai, I think it could be a problem on your computer.

It seems that things have gone quiet in dubai, as the global credit crunch has slowed everything down and dubai property prices are heading south, but apparently, rental rates are soaring. Has anyone else had this experience?

put many new pics on the flickr, the biggest problem still the access and the common podium structure, same as Swiss Tower and JBC3, piling just started..

http://farm4.static.flickr.com/3045/3067586716_25885ddb71_o.jpg

http://farm4.static.flickr.com/3188/3066747001_986e58e71d_o.jpg

http://farm4.static.flickr.com/3216/3066747147_09b3b15957_o.jpg

http://farm4.static.flickr.com/3290/3066748619_56fff93655_o.jpg

That is a beautiful crown!

The crown is gorgeous!

Any news about Lake Shore Tower? January 2009 is not so far.

Well...anyone got any update? It seems things have a little quiet! Has any of you spoken to the developer regarding handover, update etc?

Any news about Lake Shore Tower? January 2009 is not so far.

handover in Jan 2009?

The last developer reponse dated from 18.11.08: the expected handover will be end of january,we can confirm in couple of weeks

I also spoke to lake shore towers and they said the handover date would be confirmed by end December. I drove past the building and it is unlikely anything will be handed over till Feb / March from the state of it at present ... still looks like a lot of things to be done.

I also spoke to lake shore towers and they said the handover date would be confirmed by end December. I drove past the building and it is unlikely anything will be handed over till Feb / March from the state of it at present ... still looks like a lot of things to be done.

Based on experience from Icon 1, my guess will be June/July at the earliest

Based on experience from Icon 1, my guess will be June/July at the earliest

first of all, there is still not access from the main road, this is the biggest problem.It will be a miracle if they can do the handover in 2009.Better if you expect just in 2010.

I will try to take pics tomorrow ,you will understand better what I mean.

Apolgies to come back to this again. We were asked to pay Dhs. 23/ service charge and Dhs. 4.57 A/C charge by our Developer. When asked for a breakdown, we were told to ignore the letter! Handover, is looking very likely to be before end on 2008, so I was wondering does anyone have any current rates quoted from their Developers?


Hi, you have to remember that fee is provisional and was quoted 2 years ago. As my friend is paying 15per sq ft for Discovery Garden apt. Also chiller is the AC which is seperate for the JLT area, approx 5000dhs per year plus you have a community fee for outside of the building to the master developer. So example: 1500sq ft apt = 20dhs per sq ft x 1500 = 30000dhs plus chiller approx 5000dhs + community fee approx 10dhs per sq ft = 15000 so total approx 50,000Dhs. Even if the maintenance fee was 15dhd per sq ft, still a massive yearly pay out of 42500Dhs per year!

It seems there are difference of opinions regarding handover, nevertheless, Imre raises a very valid point with no proper access to the building, so i'm inclined to think handover will be delayed till March 09. I'll call the developers and find out.

If you call them you can ask when will be ready the common podium,parking structure and the access road of the Y plot. (contractor is the Ali Moosa & Sons )

Anyway this is the problem with the lake as well.Until this is (also the X plots) not ready they can not fill the second lake because it is still a construction road...

Apologies again, I own in Lakepoint not in Lake Shore Tower. I was just trying to find out whether there was any updates on the service charges that were being discussed in this thread. Sorry for any confusion.


It seems there are difference of opinions regarding handover, nevertheless, Imre raises a very valid point with no proper access to the building, so i'm inclined to think handover will be delayed till March 09. I'll call the developers and find out.

12/December/2008

Lake Shore Tower

http://img411.imageshack.us/img411/2035/imresolt01ph2.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/125/imresolt02qu5.jpg (http://imageshack.us)

http://img443.imageshack.us/img443/508/imresolt03jk4.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/8541/imresolt04ax8.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/5503/imresolt10qx7.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/7693/imresolt09ay9.jpg (http://imageshack.us)

here is the status, breaking the piling caps now

until this is not finished no access for the Y plots (Lake Shore,JBC, Swiss Tower) from the main road and they can not fill the second lake ..

12/December/2008

JLT, Y plot road,parking and podium structure

http://img257.imageshack.us/img257/8467/imresolt05wp4.jpg (http://imageshack.us)

http://img257.imageshack.us/img257/1537/imresolt06fq1.jpg (http://imageshack.us)

http://img53.imageshack.us/img53/6106/imresolt11ut5.jpg (http://imageshack.us)

http://img265.imageshack.us/img265/4762/imresolt12nh3.jpg (http://imageshack.us)

http://img53.imageshack.us/img53/7992/imresolt13kr8.jpg (http://imageshack.us)

http://img53.imageshack.us/img53/5176/imresolt14eu4.jpg (http://imageshack.us)

http://img257.imageshack.us/img257/4622/imresolt15vj6.jpg (http://imageshack.us)

http://img505.imageshack.us/img505/3165/imresolt16ey9.jpg (http://imageshack.us)

http://img265.imageshack.us/img265/4890/imresolt17av3.jpg (http://imageshack.us)

http://img443.imageshack.us/img443/7928/imresolt19px9.jpg (http://imageshack.us)

crane going down:)

15/December/2008


http://img508.imageshack.us/img508/9325/imresolt13co3.jpg (http://imageshack.us)

What is the sence,when Al Bodor promise up to now a handover date in january 2009 and imre told us completion date may be in 2010.Again my proposal: let join our interest in one speaker person to Al Bodor.

What is the sence,when Al Bodor promise up to now a handover date in january 2009 and imre told us completion date may be in 2010.Again my proposal: let join our interest in one speaker person to Al Bodor.

I agree with hessendubai, but who is best placed in Dubai to do this.
Does anybody have an e`mail address or telephone number for Al Bodor so that I can try to make contact from England.
Thanks once again to Imre for the great pictures. He is the only person to give us up to date status of the construction.

16/December/2008

JLT , Y plot structure

work in full progress

http://img177.imageshack.us/img177/7806/imresolt014mg5.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/843/imresolt015hz1.jpg (http://imageshack.us)

Hessendubai, how do you propose to to unite forces. Do you have a lawyer in Dubai who could be emailed with these details??

Padley, I've got the email and phone number for Al-Bodor. PM me and I'll pass it on to you.

Hi Tuff,we don't need in this time a lawyer.I think Al Bodor is a respectable developer.We need an owner in Dubai for regulary discussion with Al Bodor about the actually problems(dewa connection,road access,time table till completion,handover date,service charges and so on).But who is the speakerperson? All costs should be replaced by the members of this owner-group.

Hessendubai, how do you propose to to unite forces. Do you have a lawyer in Dubai who could be emailed with these details??

Padley, I've got the email and phone number for Al-Bodor. PM me and I'll pass it on to you.

Tuff / Hessendubai, have e`mailed Al Bodor but still awaiting a reply.
The lake Shore Tower official web site has disappeared. It states that the site is temporarily unavailable.

Hi Imre,do you see good progress for lake shore tower in these days.Thanks for all your pictures.

the top section cladding fast now.

started to remove the protective layers

Hi Imre,thank you for your last informations.It is possible to post an actually picture from Lake Shore Tower.Thanks in advance.

Hi All,

Please forgive me if this is an old subject, i have just discovered this site.
It appears from the recent posts, investors in Lake SHore Towers are having the same problems i am experiencing.
Where has the web site gone?
What is the revised completion date?
How do we contact any body to find these issues out, as all my queries to Lake Shore Towers have gone unanswered!

I am trying to monitor progress from Australia and without the web site and no one to contact its frustrating to say the least.

Any help advise would be appreciated.

Thanks in advance.

27/December/2008

Lake Shore Tower

http://img72.imageshack.us/img72/7187/imresolt02ma8.jpg (http://imageshack.us)

http://img72.imageshack.us/img72/3102/imresolt03nr2.jpg (http://imageshack.us)

http://img368.imageshack.us/img368/9044/imresolt06ix0.jpg (http://imageshack.us)

http://img72.imageshack.us/img72/4449/imresolt07dq4.jpg (http://imageshack.us)

Hi Imre,thanks for your actually pictures.You are the only possibility to get informations about the construction update.All inquiries to Al Bodor have gone unanswered and the lst-website is temporaly unavaiable.

To Jeffniki01,please look for my post no. 192.Any suggestions?

Dear readers

I just rang up the lake shore sales office and the man informed me that the current date of completion is now March / April 2009. This is getting silly and things seem to be getting worse. That means they have must have known of the delay.

What is the compensation policy on this and how do we progress it?

and now???

I also went today to the office of Al Bodor in Dubai, there was only a guy at the reception and he doesn't has information about the progress of the construction.

I spoke then by phone with a lady and she told me the same, expected handover March/April 2009 but not before, neither she could inform to me if there will be further delays. I told her why they don't inform through the website, specially for the people who is living abroad the UAE. She told me then, that the website will be completly updated next week with pictures and dates from the progres of the construction.

Also she told me that the delay is because the access road to the building, but , unless they build a temporary access next to the Gold Crest Views building, I don't think they will be able to make an access trough the Swiss Tower and the other building next to Lake Shore Tower in just 3 or 4 months.

When asked about the paying schedule, she couldn't give me any information, I told her that the developper has to take responsability for this delays and she told me to contact my bank to check the conditions. I have my mortgage with First Gulf Bank and when I signed all the documents, they told me that I shouldn't pay until hand over of the appartment. ( If someone has any updated information about this, I would really apreciate it ).

I forgot to ask them about the maintenance fees, I don't know how much it will be, but I consider excessive the prices that were listed in other posts for the kind of building and facilities offered. I know people living in Dubai Marina, on buildings with 5 stars facilities, and the maintenance fees that they are paying are much less. I hope they will adjust them acording to the facilities that they offer.

Each owner of a lst-unit should send to Al Bodor office every week an email,a fax or a phone about the main questions: what is about the access to the main road and what is about the DEWA-connection?? Al Bodor must learn a normal customer-care.

thanks Rashman / David 2 / Hessendubai.
Still getting no reply to e`mails, just getting out of office reply, back on 5th January.
Getting no reply to phone calls either.
I think it is disgraceful that Al Bodor cannot send a simple e`mail to investors letting us know the construction status.
Without the guys in Dubai, I would be totally in the dark about the progress.
Once again thanks for your help.

Hi Imre,best wishes to you for a happy New Year and thanks for your help with all your pictures.

hi padley , hess... . I had a word with Sandi during last week. She told me that new date is march BUT she would not confirm it because they are waiting for response from DMCC regarding the completion of tower access / podium / parking area . Even approximate date of march is dependent on DMCC completing the access . I got concerned since the site was down , but regarding that she told me they are revamping the site with an IT company and having delays due to so many holidays during December . She also said that a reply is expected from DMCC within max 2-3 weeks after which she would compile a newsletter and email to all owners even if site is not working.
Though nothing too concrete in my talk with her but I thought I would share with you guys since I was unable to reach anyone 2-3 times at office and the site was down so I was quite concerned. However after talking to her am a bit relaxed that delivery may be little more late like usual Dubai way but nothing is wrong to worry too much .

Thanks for taking the trouble to chase Al Bodor for an update and sharing the info Sidxb.
happy new year to all friendly users of this site.:dance:

Hi padley,david2,rashman,I don't understand the behaviour from Al Bodor.They have problems with DMCC or DEWA.But they should us inform about these problems.

I also went today to the office of Al Bodor in Dubai, there was only a guy at the reception and he doesn't has information about the progress of the construction.

I spoke then by phone with a lady and she told me the same, expected handover March/April 2009 but not before, neither she could inform to me if there will be further delays. I told her why they don't inform through the website, specially for the people who is living abroad the UAE. She told me then, that the website will be completly updated next week with pictures and dates from the progres of the construction.

Also she told me that the delay is because the access road to the building, but , unless they build a temporary access next to the Gold Crest Views building, I don't think they will be able to make an access trough the Swiss Tower and the other building next to Lake Shore Tower in just 3 or 4 months.



When asked about the paying schedule, she couldn't give me any information, I told her that the developper has to take responsability for this delays and she told me to contact my bank to check the conditions. I have my mortgage with First Gulf Bank and when I signed all the documents, they told me that I shouldn't pay until hand over of the appartment. ( If someone has any updated information about this, I would really apreciate it ).

Hi mate, I went to see the building last week, coming along but from my experince there will be a delay until May 2009 due to (Access, finishes and DEWA connection). I also have a FGB mortgage, can you tell me who your contact is and what happens with this delay now as I am not paying any extra profit during construction as it's the developers delay!

Cheers

my last informations:handover in may 2009 and developer will be sending a letter in two weeks time.

To all,any new informations?? Any progress in road access?

breaking the piling caps now.if that structure will be done in 2009 , you will be very lucky...

thanks Imre and to all:let us wait for the next promised completion date from Al Bodor.From december 2007(my contract) to july 2008,to january 2009,to may 2009 with the next information.A neverending story.

difficult to promise anything because no one knows when will be ready the road.workers there but that is difficult structure, need more time to finish.

13/January/2009

Lake Shore Tower

http://img237.imageshack.us/img237/126/imresolt27as0.jpg (http://imageshack.us)

http://img120.imageshack.us/img120/9030/imresolt28fy2.jpg (http://imageshack.us)

thanks Imre

Hi Scottj,
i also have a mortgage through FGB, my contact was a guy by the name of Sharbel, however all my recent attempts to contact him have been unsuccesful.
I beilieve he no longer works with FGB, or that department.
I have submitted a query to FGB through there web site and are waiting for reply, will pass on info if and when received.

Hi Jeffniki01,

I have a mortgage with FGB too. Sharbel Bejjani left FGB over a year ago and that's probably why you haven't managed to get through to them.

The mortgage cases were passed on to a team of people early last year, and the Team Leader is called Lester Verma. In case Lester is unavailable, then Nigel Faria deputizes. I have their email adds and contact numbers and I have also corresponded with them back in August/September. They were quite quick in their response. If you would like to have their details please PM me and I will gladly pass them on. Hope this helps.

Regards,

Tuff

Thanks for taking the trouble to chase Al Bodor for an update and sharing the info Sidxb.
happy new year to all friendly users of this site.:dance:

Hi PADLEY,
I am also from the Liverpool area and am also waiting for Lake shore completion. Still cannot get a response by e-mail from Sandi.I am waiting for an indication of timing as i am hoping to be in Dubai towards the end of April and would like to finalise the purchase at that time.
Have you had any response yet to your e-mails
Regards
john53

Imre told us,that the handover-date may be end of 2009 or in 2010.Our problem is that Al Bodor/Sandi don't answer to any inquiries.Up to now there is no activity to join our interests ln a speakerperson.forget about it.

Hi PADLEY,
I am also from the Liverpool area and am also waiting for Lake shore completion. Still cannot get a response by e-mail from Sandi.I am waiting for an indication of timing as i am hoping to be in Dubai towards the end of April and would like to finalise the purchase at that time.
Have you had any response yet to your e-mails
Regards
john53

Hi John,
I send e`mails every other day, but just get an automated reply stating out of office.
Have also tried e`mailing through official web site but to no avail.
The only updated info is from the guys on this web site. Without their help I would be totally in the dark.
I think it is disgusting the way investors in this building are being treated. They cannot be bothered tokeep us informed.

Actually a lot of people here avoid using email in all kinds of sectors. They dont reply or even put you on ignore etc. And thats just the customer service people!
By far the best way is face to face (where possible) or phone, but try to avoid getting the usual lip service and press for some hard facts which can be challenged later if they turn out false. ;)
the trick, as always, is to find one helpful person within the organisation and tap them up now and again for info without over doing it enough to get on the /ignore list. :nuts:

just my 2 cents on working culture in UAE and the Gulf which can take some getting used to :bash:

Actually a lot of people here avoid using email in all kinds of sectors. They dont reply or even put you on ignore etc. And thats just the customer service people!
By far the best way is face to face (where possible) or phone, but try to avoid getting the usual lip service and press for some hard facts which can be challenged later if they turn out false. ;)
the trick, as always, is to find one helpful person within the organisation and tap them up now and again for info without over doing it enough to get on the /ignore list. :nuts:

just my 2 cents on working culture in UAE and the Gulf which can take some getting used to :bash:

Perhaps the residents upon completion should pay their maintenance/management fees with the same enthusiasm that is shown to them by the so-called management of Lake Shore Towers and Al Bodor.!!!!!!

Regards

perhaps. But customer service is sub-par here and it doesnt really matter which company. banks, car dealers, agents, developers.. you name it. Thats something to take into consideration when doing business here, always add on much extra time for anything and dont expect the same level of service you would in the UK.

Hi Imre,is there any progress in parking and road access?We don't get any information from the developer.Thanks in advance.

slow...


A cool overview of the Marina and especially the tallest block

the picture was taken on 13th January 2009
http://i40.tinypic.com/108bojq.jpg
Source:http://www.flickr.com/photos/sashdc/3216104699/

hi, this is my first post on this site.

i have a 2 bedroom in lakeshore tower...and i want to know two things..is there any compensation which can be claimed from the developer as i saw the area yesterday and on practical note it doesnt looks like to be handed over before jun.

second is i have a mortgage with FGB, so will they charge me extra profit for this delay or you can say no because of delay...i bought it last year and i was told sept 08 as handover date

hi, this is my first post on this site.

i have a 2 bedroom in lakeshore tower...and i want to know two things..is there any compensation which can be claimed from the developer as i saw the area yesterday and on practical note it doesnt looks like to be handed over before jun.

second is i have a mortgage with FGB, so will they charge me extra profit for this delay or you can say no because of delay...i bought it last year and i was told sept 08 as handover date

You will get no compensation whatsoever unless specified in your contract, and even in that case you would have hard time to claim it. Taking the developer to court is useless and you would just waste time and money.
And yes, you will be charged for extra profit/interest for the delay period from your bank.

Kinda sucks dont it?

of course it does. But it's better to face reality than wasting time with hopeless illusions.

24/January/2009

Lake Shore Tower

http://img258.imageshack.us/img258/3963/imresolt095ph0.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/5664/imresolt106jx9.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/4388/imresolt107bm7.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/7110/imresolt074wy7.jpg (http://imageshack.us)

Great pictures Imre. The building appears to be moving along nicely now, apart from the huge hole at the front of the building. Does anyone know what the hole is?

the huge hole is the parking-podium-road structure

25/January/2009

JLT, parking structure, Y and X plots

http://img177.imageshack.us/img177/3663/imresolt58qy9.jpg (http://imageshack.us)

http://img186.imageshack.us/img186/7808/imresolt76fo6.jpg (http://imageshack.us)

25/January/2009

Lake Shore Tower and V3 Tower

http://img258.imageshack.us/img258/2411/imresolt59oa4.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/1749/imresolt60jx2.jpg (http://imageshack.us)

http://img183.imageshack.us/img183/1229/imresolt61bu1.jpg (http://imageshack.us)

Hi all,

I spoke to Sandi from Al Badoor finally today after many attempts at contact. She has confirmed that the hand over is now delayed to June 2009. No good or real reason provided for this apart from the fact that they are useless. She mentioned that she will be providing information on whether compensation is going to be provided or not. I think we can safely assume that this will not happen. Ridiculous, ridiculous Dubai... Never again.

Hi Imre , It was nice to checkout updated photos from you. Finally the exterior is taking some shape and coming up nicely which makes me hopeful for the future. How you get so wonderful pictures all over JLT would remain a mystery to me. The picture from some towers roof is wonderful .
Have sheikhs of dubai given you some pass to access any building , any time and at any floor or roof or even above the roof :)
Thanks for wonderful pics.

Hi Imre, have you taken any closeups of Laguna Tower, Is it under construction of in hibernation?

Hi All,

Can any body PM me with the contact details of FGB loan officer for Lake Shore Towers?
I was working with Sharbel, however he no longer works with FGB and i have had no information on his replacement.

Thanks for the pics Imre, as with a lot of other buyers its our best source of information on the progress of the building. Especially down here is Aust..

Regards

An Email I eventually received today.
***************************************
Dear Mr. Webster,

Sorry for not replying earlier, I received you email today as there was some
problems with our emails.

The expected completion is May / June 2009

Would keep you informed on confirmation for the handover as we near the
completion,

Best regards,

Sandhya Kotak
Al Bodor Real Estate Development Ltd.
***************************************

Watch this space eh!

Hi guys,
I received the same e`mail yesterday as well.
A bit strange that they have been experiencing problems with their e`mails. I have been sending e`mails for the past 2 months and each time got an automated reply stating that sandi was on annual holiday, back on the 5th September. Probably just couldn`t be bothered.
What excuses will they come out with come june if it is still not complete.
Without Imre`s pictures the people not based in Dubai would be completely in the dark.
Al Bodor have got to be the worst company I have ever had to deal with.

To the LST-owners,I received the same email yesterday to my inquiry dated from 30.12.08.I try it again,is there any possibility to join our interests. To Imre:do you see any progress in parking and road-access?

Hi, I saw yesterday on the newspaper that a new Authority from Dubai will regulate the cost of the maintenance's fees. It is not anymore on the hands of the Developer to stablish the price of it. It is according to the facilities and services provided on the building that those fees will be stablished, once the Developer and this new Authority has stablished a price, it is the "residents & owners" Organisation of the building who has to give a final aproval or discuss the price of it. I hope this information will help to find union between residents and owners to find a normal price for the maintenance fees once they hand over the building.

Hi Imre,is any progress in parking/road-access?Thanks for your reply in advance.

workers there , U/C but still nothing visible from my balcony and from the main road.

15/February/2009

Lake Shore Tower

http://img4.imageshack.us/img4/8488/imresolt79dw4.jpg (http://imageshack.us)

http://img11.imageshack.us/img11/6448/imresolt80bd2.jpg (http://imageshack.us)

I never thought it will end up like this .... it's a really wonderful tower .