View Full Version : #UNDER C: RUFI TWIN TOWERS 16F+16F Res (Sports City)
AltinD April 8th, 2005, 04:24 PM Name: Rufi Twin Towers
Building Type: Roof-joined two (twin) towers: 2B + G + 15Fl, each
Location: Dubai Sports City
Developer: Rufi Real Estate & Construction Co. L.L.C.
Intercontinental Plazza, Office No. 419, P.O. Box 112386, Dubai.
Tel. (+971 4) 2247352, Fax: (+971 4) 2247362, e-mail: rufireal@emirates.net.ae
Architect/Designer: ARENCO
http://www.imagestation.com/picture/sraid164/p435c0f8bc3ea0ac7bd064c42529521f0/f48999ba.jpg
The location map:
http://www.imagestation.com/picture/sraid164/pe87f59923dcb9af08826d58a20204367/f48999bf.jpg
Facilies:
Studio, 1, 2 & 3 bedroom flats available
Large and elegant marble reception
3 high speed elevators for each tower.
Garden Olympic size swimming pool with jacuzzi
Separate children's pool and play aerea.
Fully equipped state-of-the-art gymn and aerobics.
Separate sauna & steam rooms for ladies & gents.
Banquet hall for 1,000 - 1,200 people.
24 hours efficient security services.
Corner location facing Dubai Land.
Walking path.
Easy installment plan, available from the developer.
Dubai-Lover April 8th, 2005, 04:59 PM looks ok, nothing too spectacular though
sports city is on its way forward as it seems, last week the launch of the westgate towers
i will add only 1 tower to emporis because i think due to the skybridge it's 1 structure. will check that
where is it taken from? gulfnews?
Krazy April 8th, 2005, 05:05 PM looks way too similar to marriot
Dubai-Lover April 8th, 2005, 05:09 PM ok it's a 2-building complex
they even don't have a shared base
Chad April 8th, 2005, 05:36 PM Are they residential or Hotel?
Looks very good BTW :okay:
dubaiflo April 8th, 2005, 06:44 PM i like it too.
but the masterplan looks insane ;)
AltinD April 8th, 2005, 07:47 PM I received by mail their broschure. I'll try later to take a picture with a digital camera for a better quality image and edit the first post.
They had another building called Rufi Residency that seamed to be a building Denis posted somewhere here as a new Marina building. Also another building is comming from them for the Discovery Gardens.
Bahraini Spirit April 8th, 2005, 08:45 PM Ok, they look in a way similar to the mariott, that airbridge.
Trances April 9th, 2005, 02:39 AM i agree but aleast there is no dusty car park beneath
and with a few 100 under C some are going to look the same
this tower appears right on the edge of the development
smart way to release the towerrs
SA BOY April 9th, 2005, 08:58 AM any proposed start date cos its nothing but desert out there at the moment
BinDubai April 9th, 2005, 12:09 PM looks good
Dubai-Lover April 9th, 2005, 12:54 PM i really wish to have access to the site, it's too large and no chance to see anything at all.
when you drive along emirates road you can see loads of trucks and everything, but nothing serious happened so far
SA BOY April 9th, 2005, 03:05 PM dennis, you have added this to Dubai Land, does that mean we will incorporate all Sports city buildings into Dubai land ? Id prefer to create a new zone for Sports city as there will be many towers there as well. but then sports city is in Dubai land?
Thoughts?
Dubai-Lover April 9th, 2005, 03:15 PM dennis, you have added this to Dubai Land, does that mean we will incorporate all Sports city buildings into Dubai land ? Id prefer to create a new zone for Sports city as there will be many towers there as well. but then sports city is in Dubai land?
Thoughts?
i have asked wutzke how to handle the dubailand zone
as we have sub projects of sub projects we will enable the supercomplex option on emporis
which means
zone = dubailand
supercomplex = city of arabia
complex = elite towers
or zone = dubailand
supercomplex = dubai sports city
complex = westgate apartments
this means the zone dubailand will be divided into several supercomplexes which will represent the megaprojects within dubailand!
wutzke has sent me a confirmation he has already enabled this option, but as you can see the building edit tool doesn't list the supercomplex option. i've sent him an email again that it doesn't work yet. no reply from him so far.
daniel is working on the districts and boroughs. takes time
SA BOY April 9th, 2005, 03:35 PM cool, seems you have all in hand.
dubaiflo April 9th, 2005, 05:44 PM he is making the job, let him do his work.. ;)
Dubai-Lover May 2nd, 2005, 12:02 AM check the homepage
they also have nice other projects yet to be annunced
http://www.rufireal.com/
Dubai-Lover May 2nd, 2005, 12:03 AM the exact location of rufi twin towers
http://www.rufireal.com/images/map_1.jpg
Dubai-Lover May 2nd, 2005, 06:16 PM believe it or not, somebody of rufi real estate has been accepted as an emporis member
i've contacted him for more details of this and other rufi projects
wish me luck!
BinDubai May 3rd, 2005, 03:13 PM i wonder when will Dubai amuse us with a structure that didn't exist anywhere else ? something new and stunning !
dubaiflo May 3rd, 2005, 05:16 PM why is this in rufi twin towers' thread...anyway... golden dome perhaps?
or the burj dubai :D
Dubai-Lover May 3rd, 2005, 07:10 PM i wonder when will Dubai amuse us with a structure that didn't exist anywhere else ? something new and stunning !
well, what do you expect from this building
it's a normal residential tower built for purpose, not to amuse anybody
dubai has great designs, which could be described as amusing
dubaiflo May 4th, 2005, 11:34 PM but not rufi twins :D
Dubai-Lover May 4th, 2005, 11:53 PM Rufi Twin Towers launched at Dubai Sports City
Rufi Real Estate, leading property developers, with over 30 years of experience in real estate, today launched the Rufi Twin Towers which will come up at the Dubai Sports City complex.
The Rufi Group has extensive experience in the development of diversified projects, including high-rises, commercial and shopping centres, townhouses and independent villas, in Canada, North America and Pakistan.
Rufi Group's maiden project in Dubai, the Twin Towers, is a stylish and an elegant building that is modern, but enduring from outside, and promises the same for its accommodation. Customers will have a choice of generously proportioned studios, one bedroom, two bedroom and three bedroom apartments. What is unique about Rufi Twin Towers, is the fact that ultra-modern facilities have been planned on the ground level, in a garden, between the two Towers. A resident will enjoy an Olympic sized swimming pool in the garden, fully equipped gym and aerobics, children's play area, banquet hall for 1200, round-the-clock efficient security services and a 2 level basement parking lot. Residents will also have access to shopping malls, cafes, restaurants and an 18-hole championship golf course. This project is slated for completion by the middle of 2008.
Sales open from 5th May, 2005 at Rufi Real Estate offices, located in the Inter Continental Plaza. The Sales Centre will be open from 9:00 am to 9:00 pm, on weekdays, and from 3 p.m. to 7 p.m. on Fridays.
Speaking on the occasion of the launch, Mr Manzoor Ahmed Rufi, President of Rufi Real Estate said, 'It is our goal to offer our customers homes that will actually exceed their expectations. Dream homes, which offer fullest value against investment, with flowing layouts, highest quality fittings and finishing. Homes that are designed for a family's total comfort.'
Rufi Twin Towers at Dubai Sports City will be at the centre of sports activities in the Middle East. Residents of Rufi Twin Towers can live the passion of all types of sporting activities like cricket, volleyball, baseball, wrestling, martial arts, gymnastics, field hockey and a host of others. The nearby Dubai Autodrome offers heart-stopping high-speed action for the motor sport enthusiast. The community also features a one-of-a-kind, 18-hole championship golf course.
The Dubai Sports City will feature the most modern and advanced stadia in this part of the world and one can experience the excitement of Olympic style swimming and the thrill of tennis netball, handball, boxing, etc. Dubai Sports City features world-class sports academies aimed at transforming young athletes into global competitors.
Dubai Sports City is part of the 2 billion square foot Dubailand project that will involve investments of Dh18 billion. It is one of Dubailand's many facets designed to position Dubai as a leisure, tourism and entertainment capital of the region. Dubailand has 45 main projects with more than 200 sub-projects.
'It is our sincere effort to bring homes to suit every budget and every need. Homes forever…' concluded Mr. Rameez Manzoor Rufi, Vice President of the Rufi Group.
Krazy May 6th, 2005, 06:09 AM Pakistani group to build twin towers in Dubai
Dubai :
A Pakistan-based property developer has announced a Dh250 million twin tower apartment complex in the Dubai Sports City, part of the government's Dubailand leisure and tourism project.
The 15-floor Rufi Twin Towers is the first of three building projects in Dubai announced by Karachi headquartered Rufi Real Estate Group, company representatives told a press conference here.
The group has already sold 200 of the 450 apartments in the towers to buyers from Pakistan and the Gulf region, said Manzoor Ahmad Rufi, president of the group.
The other two projects are an office tower and a high-rise apartment building. The group's investment in all three projects will top Dh650 million, he said.
Prices of the apartments in the twin towers range from Dh259,000 for a studio to Dh900,000 for three bedrooms, said Rameez Rufi, executive vice-president of the group.
The building designers are Arenco, Dubai based real-estate consultants and contractors.
The Rufi Group has 30 years of experience in real estate development in Pakistan, the United States and Canada.
"This is our first venture in Dubai and the Middle East. We will continue to explore further investments in the property market here," said Rameez Rufi.
Krazy May 6th, 2005, 06:24 AM Rufi unveils Dhs250m twin towers in Dubai
RUFI Real Estate has entered the UAE real estate market with the launch of a residential project, Rufi Twin Towers, at the Dubai Sports City complex.
The group is planning to launch three more projects in Dubai, together costing Dhs750 million. Rufi Twin Towers will be completed in 2008 with an investment of Dhs250 million.
The Rufi Group has extensive experience in the development of diversified projects, including high-rises, commercial and shopping centres, townhouses and independent villas in Canada, North America and Pakistan.
Customers will have a choice of studios, one bedroom, two bedroom and three bedroom apartments.
"A resident will enjoy an Olympic sized swimming pool in the garden, fully equipped gymn and aerobics, children's play area, banquet hall for 1200, and a two level basement parking lot," said Rufi Group President Manzoor Ahmed Rufi.
Residents will also have access to shopping malls, cafes, restaurants and an 18-hole championship golf course.
"Rufi Twin Towers at Dubai Sports City will be at the centre of sports activities in the Middle East. Residents of Rufi Twin Towers can live the passion of all types of sporting activities like cricket, volleyball, baseball, wrestling, martial arts, gymnastics, field hockey and a host of others," he said.
The Dubai Sports City will feature the most modern and advanced stadia in this part of the world and one can experience the excitement of Olympic style swimming and the thrill of tennis netball, handball, boxing, etc. Dubai Sports City features world-class sports academies aimed at transforming young athletes into global competitors.
Dubai-Lover May 6th, 2005, 07:16 AM Pakistani group to build twin towers in Dubai
Staff Report
Dubai :
A Pakistan-based property developer has announced a Dh250 million twin tower apartment complex in the Dubai Sports City, part of the government's Dubailand leisure and tourism project.
The 15-floor Rufi Twin Towers is the first of three building projects in Dubai announced by Karachi headquartered Rufi Real Estate Group, company representatives told a press conference here.
The group has already sold 200 of the 450 apartments in the towers to buyers from Pakistan and the Gulf region, said Manzoor Ahmad Rufi, president of the group.
The other two projects are an office tower and a high-rise apartment building. The group's investment in all three projects will top Dh650 million, he said.
Prices of the apartments in the twin towers range from Dh259,000 for a studio to Dh900,000 for three bedrooms, said Rameez Rufi, executive vice-president of the group.
The building designers are Arenco, Dubai based real-estate consultants and contractors.
The Rufi Group has 30 years of experience in real estate development in Pakistan, the United States and Canada.
"This is our first venture in Dubai and the Middle East. We will continue to explore further investments in the property market here," said Rameez Rufi.
beiklopa May 17th, 2005, 12:54 PM OMG ,so boring
Þróndeimr May 27th, 2005, 03:33 PM Too boxy and dull.
malec June 28th, 2006, 02:18 PM Originally posted by sma101
http://images6.theimagehosting.com/Rufi%20Twin%20Tower%20Elevation.jpg
http://images6.theimagehosting.com/sportscity.jpg
http://images6.theimagehosting.com/map_1.jpg
Stephan23 June 29th, 2006, 10:59 AM http://smiliestation.de/smileys/Schilder/60.gif (http://smiliestation.de)http://smiliestation.de/smileys/Schilder/60.gif (http://smiliestation.de)http://smiliestation.de/smileys/Schilder/60.gif (http://smiliestation.de)
maeag April 13th, 2008, 03:19 PM Hi,
Any news on this tower. I have been invited by the developer to go on site ( i didn't go), he informed me that the work started.
I am just buying a unit at a quiet good price, it is very expensive with Rufi itself, if anybody interested by a 1 bedroom of 936 sq feet, i might be able to find it for around 950 dhs/ sq feet when rufi is selling more than 1400 dhs/ sq feet.
shakmaj April 13th, 2008, 11:30 PM who is selling it?
maeag April 21st, 2008, 03:37 PM Is there anybody allowed to go on the site in order to get picture of the work already done.
I just invested in two flats in this tower and do believe on a quiet quick return.
Let us know if anyone of you got info about it
mpat May 19th, 2008, 09:36 AM Is there anybody allowed to go on the site in order to get picture of the work already done.
I just invested in two flats in this tower and do believe on a quiet quick return.
Let us know if anyone of you got info about it
I went there a week ago and things are moving pretty fast on the site.how much u bought them for ?
maeag May 20th, 2008, 04:16 PM I went also on the site and saw that the foundation started... good things, i am sure it is a good investment.
ianxgrant June 10th, 2008, 03:22 PM I bought an apartment here and it seems like the developers are professional. They certainly have a good reputation overseas so investment should be secure.
Because this will be their first completed building in Sports City, I'm sure it will be built to a high standard.....
I'd like to know what is going to be built to the South of the development though 'cos that's where my apt faces - any ideas anyone?
Canard July 10th, 2008, 12:23 PM I bought an apartment here and it seems like the developers are professional. They certainly have a good reputation overseas so investment should be secure.
Because this will be their first completed building in Sports City, I'm sure it will be built to a high standard.....
I'd like to know what is going to be built to the South of the development though 'cos that's where my apt faces - any ideas anyone?
GOLF CITY in South of DSC
ianxgrant July 22nd, 2008, 03:03 PM Cheers Canard
ianxgrant July 25th, 2008, 07:41 AM Hi There,
Does anyone have any photos of the construction work on this project yet? I'm told it has started and is being worked 24 hours per day, but have had no joy in getting confirmation.....
Regards, Ian
ianxgrant August 6th, 2008, 11:35 AM Has this project started yet?
maeag August 6th, 2008, 04:30 PM Has this project started yet?
yes it has started, just go on the site and you can see:)
ianxgrant August 6th, 2008, 07:34 PM Thanks Maeag - I live overseas so won't be visiting site until next year.....
satan August 7th, 2008, 02:00 PM hey maeag, not sure if you were referring to the website but no pictures regarding progress are available, otherwise to suggest that someone can just go on-site and have a look isnt really accurate seeing only authorised cars/people are permitted entry to DSC, if that is what you meant.
bizzybonita August 16th, 2008, 03:54 PM http://i33.tinypic.com/2l94f4l.jpg
Stephan23 August 18th, 2008, 01:57 PM 15+15 floors !!! Edit title !!
http://www.real-estate-unger.com/immobiliendetails_dubai_63_deu.html
maeag August 21st, 2008, 12:56 PM hey maeag, not sure if you were referring to the website but no pictures regarding progress are available, otherwise to suggest that someone can just go on-site and have a look isnt really accurate seeing only authorised cars/people are permitted entry to DSC, if that is what you meant.
Of course, i went on the site :)
Just tell them you want to visit the villa of Sports City and then they will let you enter on the Sport City site... so easy.
Last time i went there it was at the foundation stage
mpat August 23rd, 2008, 06:58 AM Of course, i went on the site :)
Just tell them you want to visit the villa of Sports City and then they will let you enter on the Sport City site... so easy.
Last time i went there it was at the foundation stage
Hi guys ,
I went there last week also , , , unfortunately its not moving that fast as I expected, They are not pouring concrete on the foundation due to some reason.I will go there again this thursday and post some pics.If no progress , I m thinking to stop further payments.I amde already 50% so far.
ianxgrant September 16th, 2008, 03:51 AM Hi There, I am still waiting on photos from the developers.... Do you have any updates mpat?
برشلونــــي September 27th, 2008, 01:13 PM Hi, Is there any photos from the site ??
ianxgrant October 11th, 2008, 06:36 AM Hi, Is there any photos from the site ??
Not much chance of any photos - no one seems to know the current status but I don't think there's much happening. Latest estimate for completion is November '09 but this will be more than 6 months after the most recently advised completion date, so as per the contract, people can pull their money back out if they wish with no penalty.
Even with the current economic climate however, I don't see people doing that, as some people purchased off-plan for well under AED 1000 per sq ft.
If only the developers would let us know what was going on, at least we could plan for the next year or so......
ianxgrant October 15th, 2008, 12:01 PM http://i37.tinypic.com/fbjqzp.jpg
At last, an update on progress, albeit over a month old!
برشلونــــي October 19th, 2008, 02:22 PM Thank you .
zarkov12 October 20th, 2008, 03:11 PM Thanks for the pictures. I have a 1 bed apartment in Tower B and have made all payments except final 5% on handover. I am glad to see some progress.
I will be in Dubai in November and will try and visit the Rufi Office. I will post any information I find out.
برشلونــــي October 25th, 2008, 11:19 AM What is new compilation date ???
maeag November 9th, 2008, 06:50 AM What is new complation date ???
November/December 2009
ianxgrant November 9th, 2008, 06:55 AM November/December 2009
I hope so - I've paid 90% of the cost of my apt!
برشلونــــي November 10th, 2008, 12:01 PM I hope so - I've paid 90% of the cost of my apt!
Me too :(
maeag November 10th, 2008, 01:36 PM I paid 95% also...
ianxgrant November 12th, 2008, 08:47 AM http://i37.tinypic.com/122gmzn.jpg
برشلونــــي November 12th, 2008, 12:12 PM Thank you :)
ianxgrant December 15th, 2008, 09:07 AM http://i35.tinypic.com/71mp01.jpg
http://i38.tinypic.com/b4j5mf.jpg
Progress looks quite good now. I'd expect 2 floors per month at least, if they are to have any chance of getting finished by the end of 2009....
Has anyone heard if these apartments have been registered with RERA yet?
Canard December 18th, 2008, 05:42 PM Hi,
I'm selling my 1BR apartment in this project.
11TH floor
936 sq.f. (+ car parking)
Full park view
50% paid.
price : 960 AED/sq.f.
if someone interested pm me.
برشلونــــي February 1st, 2009, 11:01 AM Is there any news & photos about the project ?
ianxgrant February 6th, 2009, 11:01 AM http://i41.tinypic.com/oksoyo.jpg
ianxgrant February 6th, 2009, 11:14 AM http://i40.tinypic.com/2eajtzk.jpg
ianxgrant February 6th, 2009, 11:31 AM http://i39.tinypic.com/14me7wo.jpg
ianxgrant February 6th, 2009, 11:48 AM http://i44.tinypic.com/2822h34.jpg
Ready to start constructing above ground now......
plotman February 6th, 2009, 12:45 PM Good shots,pleasing to see activity in DSC,anyone been in to DSC recently and can guesstmate proportion of sites still active.
برشلونــــي February 10th, 2009, 04:55 AM Thank you :)
برشلونــــي March 14th, 2009, 12:17 PM Any new photos ??
mpat March 25th, 2009, 07:58 AM Any new photos ??
I dont know how to up load photos on this forum, I have some pics taken on 8th mar and it shows little progress at site as the work was held up for 2 to 3 months due to approval and permission from municipality ( same old sotries every time )
234sale March 25th, 2009, 09:16 AM goto www.tinypic.com
Upload you image
Post the line of text that starts [img]
quote any image to see that text
ianxgrant March 25th, 2009, 10:55 AM http://i40.tinypic.com/egps12.jpg
ianxgrant March 25th, 2009, 11:01 AM http://i44.tinypic.com/281tpiw.jpg
I am relatively happy with the progress now but more importantly, Rufi have informed the owners (or some of them) that construction updates will be provided every 2 weeks, starting form the 1st of April. This will be the first Rufi project to be completed in the UAE.
bizzybonita March 25th, 2009, 11:05 AM Bravo ianxgrant keep it up :)
mpat March 25th, 2009, 12:31 PM http://<a href="http://tinypic.com" target="_blank"><img src="http://i44.tinypic.com/10h0g7s.jpg" border="0" alt="Image and video hosting by TinyPic"></a>Bravo ianxgrant keep it up :)
I think rufi has completed ( or almost ) their project in international city, and are going to hand over somewhere in jun 09.
mpat March 25th, 2009, 12:32 PM http://i44.tinypic.com/10h0g7s.jpg[
Just trying to upload an miage.!!!
ianxgrant March 25th, 2009, 12:37 PM http://<a href="http://tinypic.com" target="_blank"><img src="http://i44.tinypic.com/10h0g7s.jpg" border="0" alt="Image and video hosting by TinyPic"></a>
I think rufi has completed ( or almost ) their project in international city, and are going to hand over somewhere in jun 09.
Cheers Mpat, what's that project called?
mpat March 25th, 2009, 01:35 PM Cheers Mpat, what's that project called?
Hi Ianxgrant
Its Rufi Gardens,:)
When is your next plan to visit SC ? I called them and they said they r waiting for approval from municipality to go ahead with first floor structure.
برشلونــــي March 29th, 2009, 11:05 AM Thank yoooooooooooooooooou :)
Please keep us updated :)
برشلونــــي April 29th, 2009, 07:03 AM Any updated ??
ianxgrant May 5th, 2009, 03:31 AM http://i41.tinypic.com/20az915.jpg
ianxgrant May 5th, 2009, 03:34 AM http://i41.tinypic.com/dzjgpz.jpg
ianxgrant May 5th, 2009, 03:37 AM http://i44.tinypic.com/24wyl9h.jpg
ianxgrant May 5th, 2009, 03:40 AM http://i43.tinypic.com/24yr4n9.jpg
ianxgrant May 5th, 2009, 03:49 AM http://i41.tinypic.com/r786l3.jpg
I am really upbeat about this development - Good progress is being made and the Developers expect 3 slabs per month from now.
Dubai Sports City is also starting to live up to it's potential - It's good to see TV coverage of the new stadium in use. I think it may be worth the wait after all!
If Dubai Golf City gets built (just south of Rufi Twin Towers), that will make this development even more popular in the longer term.
shiraj_hoque May 5th, 2009, 11:08 AM What tv coverage?
ianxgrant May 5th, 2009, 11:15 AM What tv coverage?
I live in Australia and saw the cricket (Aus v. Pak) live from the new stadium on Fox Sports. All of the matches have been broadcast live over here.
shiraj_hoque May 5th, 2009, 12:40 PM did it show an aerial overview of the city itself?
ianxgrant May 5th, 2009, 12:53 PM did it show an aerial overview of the city itself?
Not really but there are loads of recent pictures of Dubai Sports City from the air on the Chopper Shoot website and on the Dubai Sports City threads
mpat May 6th, 2009, 07:40 AM Not really but there are loads of recent pictures of Dubai Sports City from the air on the Chopper Shoot website and on the Dubai Sports City threads
Hi ianxgrant
R u an investor with Rufi Twin towers ? Actually I own 2 units in the same project and presently staying in UAE, Did u get latest e mail from them showing pics of progress at site , they are about to build 3rd floor concrete , i think in this week . . . did they extend your payment plan ? they did it for me since the completion is expected in Apr 2010 , ( Though I doubt about it )
ianxgrant May 7th, 2009, 04:52 AM Hi mpat,
I've got a 3 bed apt in tower A. There was no way to extend my payment plan as I've already paid 90%!
I am pleased to have paid it though, because the exchange rate would have made it really expensive if I hadn't
They have been getting much better at keeping me updated - I got the pictures above direct from Rufi
mpat May 7th, 2009, 11:31 AM thanks ianxgrant
, Let s hope they deliver us our units by Apr 10 , as per their latest promise. after these pictures that they sent us in e mail , i verified at site that they did concrete work for 3rd floor also , so lets hope and pray that they dont stop building it in the middle out of nothjing . . .
pisandre May 10th, 2009, 09:09 PM http://rpdubai.ae/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/556.jpg&projectName=Progress%20Indicator%20of%20Rufi%20Twin%20Towers
ianxgrant May 11th, 2009, 04:34 AM http://i41.tinypic.com/fna008.jpg
برشلونــــي May 12th, 2009, 05:56 AM Thank you....:)
Please keep us updated :banana:
برشلونــــي May 24th, 2009, 10:31 PM With current progress of our contractor: Emirates Belbadi Contracting, that has mobilized 330 Staff and 4 cranes working in double shifts on same project, we are expecting to hand over the project by December 2009 :banana:
We are intending to complete an average of 3 Slabs per month :crazy2:
ianxgrant May 25th, 2009, 02:02 AM Good news - This should be one of the first completed buildings in Sports City (is that good or bad?).
I hope that the building is finished to a high standard though, after all this time waiting I don't want them to make a mess of it!
برشلونــــي May 31st, 2009, 10:45 AM http://img268.imageshack.us/img268/8959/photoon22520091.th.jpg (http://img268.imageshack.us/my.php?image=photoon22520091.jpg)
http://img189.imageshack.us/img189/4392/photoon22520092.th.jpg (http://img189.imageshack.us/my.php?image=photoon22520092.jpg)
http://img189.imageshack.us/img189/9424/photoon22520093.th.jpg (http://img189.imageshack.us/my.php?image=photoon22520093.jpg)
http://img189.imageshack.us/img189/2881/photoon22520094.th.jpg (http://img189.imageshack.us/my.php?image=photoon22520094.jpg)
maeag May 31st, 2009, 04:28 PM Received the below text with the picture
Dear Madam/Sir,
As promised, I am enclosing to this email new updates dated May 30th 2009, showing that we have currently reached the 6th Floor.
Please note that contrarily to what was stated below we will not be making only 3 floors in June 09 but 4 more exactly to be then on the 10th Floor (with an average of 1 Floor on both Towers per week)
Kindly note that at this stage we can not be flexible with defaulters anymore, since we are moving with construction in full speed
Thank you for your understanding and cooperation
Yours Faithfully,
Nerissa Fernandez
Admin Department Tel: +971 4 2247352
P.O. Box 85340 Fax: +971 4 2247362
Dubai UAE
mpat June 1st, 2009, 12:17 PM They saying that they ll hand over by april 10, but i think it will not be done till Aug 10.
maeag June 2nd, 2009, 09:08 AM They saying that they ll hand over by april 10, but i think it will not be done till Aug 10.
your info is wrong, previously they were informing about April 10 but not anymore...
mpat June 2nd, 2009, 09:16 AM Well, What is the latest info that you have ? Becos I saw their consultants report for 15Apr 09 and they predicted it to be apr 10 for hand over or completion.
ianxgrant June 2nd, 2009, 09:32 AM If they continue to build 1 floor per week it will be topped out by September. I'm not sure how long the exterior and interior will take after that but as I've said before, I'd rather it was done well and not rushed.
Chances of getting anyone to rent will be slim until there is more infrastructure around Sports City anyway, probably best just keeping for personal use the first couple of years.
mpat June 3rd, 2009, 02:05 PM well, I think u can immediately rent it out as soon as it gets handed over, From Jun end , falak projects in sports city will be starting to rent as they will be handing over, just next to it , IMPZ started renting from last 4 months , and motor city just across rufi twin tower started renting from last month .
Infrastructure is ready , only there is no walking distance shopping areas and necessities , but that ll come with time , like that there is still nothing and no chance in Discovery garden and almost 1500 familie s are staying tehre
maeag June 3rd, 2009, 05:21 PM well, I think u can immediately rent it out as soon as it gets handed over, From Jun end , falak projects in sports city will be starting to rent as they will be handing over, just next to it , IMPZ started renting from last 4 months , and motor city just across rufi twin tower started renting from last month .
Infrastructure is ready , only there is no walking distance shopping areas and necessities , but that ll come with time , like that there is still nothing and no chance in Discovery garden and almost 1500 familie s are staying tehre
For your info, in few years when the shopping mall will be done near the stadium, it will be Carrefour Hypermarket inside. Their contract is already signed
mpat June 7th, 2009, 06:31 AM If they continue to build 1 floor per week it will be topped out by September. I'm not sure how long the exterior and interior will take after that but as I've said before, I'd rather it was done well and not rushed.
Chances of getting anyone to rent will be slim until there is more infrastructure around Sports City anyway, probably best just keeping for personal use the first couple of years.
Ian and other guys who invested with Rufi.
I came to know that there is some payment constraints for Rufi. so activities at site are slowered down and there s no concrete done for 7th floor as anticipated to be done every week one floor , Let s hope that they pay all due amounts to the contractor so that the work resumes at speed and we can get our units in 2010.
Pls, can anyone call/ e mail and confirm / expedite things from rufi ?
Thx
pisandre June 7th, 2009, 07:37 AM Ian and other guys who invested with Rufi.
I came to know that there is some payment constraints for Rufi. so activities at site are slowered down and there s no concrete done for 7th floor as anticipated to be done every week one floor , Let s hope that they pay all due amounts to the contractor so that the work resumes at speed and we can get our units in 2010.
Pls, can anyone call/ e mail and confirm / expedite things from rufi ?
Thx
Hum. Not a good news. I read that a few people already paid 90%. I hope the money is still in the escrow account and blocked by RERA...
mpat June 9th, 2009, 07:40 AM Hum. Not a good news. I read that a few people already paid 90%. I hope the money is still in the escrow account and blocked by RERA...
There is a good news following, guys ! !!
They managed to pay whatever was the due to the contractor and finally today or tomorrow they will start concrete pouring for 7th floor on A plot , and on thursday for B plot, They already started masonary work on first floor etc. Lets hope they manage to hand things over to us in a nice quality within a year from now.
Lets hope it willl not stop again. . .
maeag June 9th, 2009, 07:57 AM There is a good news following, guys ! !!
They managed to pay whatever was the due to the contractor and finally today or tomorrow they will start concrete pouring for 7th floor on A plot , and on thursday for B plot, They already started masonary work on first floor etc. Lets hope they manage to hand things over to us in a nice quality within a year from now.
Lets hope it willl not stop again. . .
Very good news, keep up informed
ianxgrant June 9th, 2009, 09:05 AM There is a good news following, guys ! !!
They managed to pay whatever was the due to the contractor and finally today or tomorrow they will start concrete pouring for 7th floor on A plot , and on thursday for B plot, They already started masonary work on first floor etc. Lets hope they manage to hand things over to us in a nice quality within a year from now.
Lets hope it willl not stop again. . .
Cheers mpat - You really worried me there! Thanks for the update.
I'm going to Dubai again in July so expect to be meeting up with the Developers when I go there - I'll get some pictures then.
Xsplatforms June 10th, 2009, 04:08 PM Have somebody some picture of this building?
ianxgrant June 11th, 2009, 01:58 AM Have somebody some picture of this building?
Page 5 of this thread has pics from 2 weeks ago.
WILLY2010 July 4th, 2009, 01:09 PM dear all,
As per what Maeag said , Rufi committed to building 4 floors in june 2009 and promising us an update every 2 weeks, which we are still waiting. they should have reached the 9 th or 10th floor now.
Does somebody have recent pictures? What is Rufi's commitment for the month of July?
mpat July 5th, 2009, 09:21 AM dear all,
As per what Maeag said , Rufi committed to building 4 floors in june 2009 and promising us an update every 2 weeks, which we are still waiting. they should have reached the 9 th or 10th floor now.
Does somebody have recent pictures? What is Rufi's commitment for the month of July?
They did 9th floor concrete for B tower and 10th for A tower. I was there last saturday. . . quality of construction is not good ,rather i m upset with some of the things. . . . . .
pisandre July 5th, 2009, 09:51 AM They did 9th floor concrete for B tower and 10th for A tower. I was there last saturday. . . quality of construction is not good ,rather i m upset with some of the things. . . . . .
Bro, can you detail why the quality is not good?
WILLY2010 July 5th, 2009, 05:32 PM Hi pisandre,
Thanks for the information.
As you apparently have some technical knowledge in the construction field, we would be glad if you could give us a hint about the quality issues you mentioned in your earlier post.
thank you in advance
willy 2010
mpat July 6th, 2009, 01:56 PM Bro, can you detail why the quality is not good?
I had an architect friend with me on site last week , we took a detailed look on everything , He mentioned few points where they are doing cost cutting. My biggest concern was the use of light weight bricks that they r using. I lifted a big brick with my left hand , tried to break it and was very very easy to get it dusted. Another thing they were cutting cost by putting some aluminium type (not aluminium, but similar ) strips on top of door and window frame area which were considered as cost cutting measures. . . Another upsetting thing was they mentioned net area of 706 sq ft out of 895 that means almost 25 % and in reality it looked only 650! ! !
pisandre July 6th, 2009, 02:06 PM Another upsetting thing was they mentioned net area of 706 sq ft out of 895 that means almost 25 % and in reality it looked only 650! ! !
Hum. You learnt when you were on site that the net area was 706 sq.ft? Where the other 200 sq.ft have gone? Btw, What is the estimated completion date now?
WILLY2010 July 6th, 2009, 10:23 PM Thanks Mpat for your comments.
i do also have some:
1/i ve been told by people working in the industry in Europe that the use of light bricks for the outer wall was pretty common in constructions and even better than the use of normal bricks as they apparently have some better isolation property.
Those bricks are not usually used for inner walls though. this may have to be checked for anyone having access to the site.
2/the net area of 706 sq feet is not a surprise. i knew it when i purchased the unit and signed the contract. the area they advertised is in fact the gross area which includes a slice of the corridor, lift, swimmimg pool etc... which have been split by the number of flats....in the building.the gross area is opposed to the net area which consists in your flat + balcony. they clearly make a distinction between the gross and net area in their online and paper brochures.
the advertising of the gross area can clearly be considered as dodgy but unfortunately it is not illegal in this country.
برشلونــــي July 7th, 2009, 06:00 AM For your information, as per the Contruction Report received from the Engineers Consultant Company, the anticipated completion time of this project Rufi Twins Tower - Dubai Sport City is end April 2010 :ohno:
If you have notice a vast differences in the progress of Contruction, the construction is improving a lot :)
http://img110.imageshack.us/img110/20/1111r.th.jpg (http://img110.imageshack.us/i/1111r.jpg/)
http://img198.imageshack.us/img198/6562/222jxv.th.jpg (http://img198.imageshack.us/i/222jxv.jpg/)
maeag July 7th, 2009, 07:06 AM Thanks Mpat for your comments.
i do also have some:
1/i ve been told by people working in the industry in Europe that the use of light bricks for the outer wall was pretty common in constructions and even better than the use of normal bricks as they apparently have some better isolation property.
Those bricks are not usually used for inner walls though. this may have to be checked for anyone having access to the site.
2/the net area of 706 sq feet is not a surprise. i knew it when i purchased the unit and signed the contract. the area they advertised is in fact the gross area which includes a slice of the corridor, lift, swimmimg pool etc... which have been split by the number of flats....in the building.the gross area is opposed to the net area which consists in your flat + balcony. they clearly make a distinction between the gross and net area in their online and paper brochures.
the advertising of the gross area can clearly be considered as dodgy but unfortunately it is not illegal in this country.
I confirm that the use of light white block are much better than normal block. We should all be happy about it.
These block are with "air inside" and then are much better for the isolation.
Normally the inside wall should be done with normal block
mpat July 7th, 2009, 07:33 AM Well the area is much less than 706 sq ft. As per our calculations of floor plan , it s merely 640 or 650 sq ft. physically also it looked like a cage, I was shocked to see an appartment with gross area of 895 is a small cabin??? i know there is a difference between gross and net area, but not that much. generally it is 20 % but in this one its more than 30 percent. . .
I done know about light weight blocks being better or bad , but dubai municipality does not approve them to be used on outer walls of the units ! ! ! ! or in between units ! !! viceversa is true , i ll chekc on it, , ,
Let s hope hat our unit get s a better value than we what we ve paid,
pisandre July 7th, 2009, 07:44 AM Well the area is much less than 706 sq ft. As per our calculations of floor plan , it s merely 640 or 650 sq ft. physically also it looked like a cage, I was shocked to see an appartment with gross area of 895 is a small cabin???
895 originally? So it should be a 1-bedroom. 2 nice cages instead of 1 cage :)
maeag July 7th, 2009, 08:03 AM Well the area is much less than 706 sq ft. As per our calculations of floor plan , it s merely 640 or 650 sq ft. physically also it looked like a cage, I was shocked to see an appartment with gross area of 895 is a small cabin??? i know there is a difference between gross and net area, but not that much. generally it is 20 % but in this one its more than 30 percent. . .
I done know about light weight blocks being better or bad , but dubai municipality does not approve them to be used on outer walls of the units ! ! ! ! or in between units ! !! viceversa is true , i ll chekc on it, , ,
Let s hope hat our unit get s a better value than we what we ve paid,
i do not agree with you that municipality do not allow the use of the light block, it is everywhere in Dubai. only hte cheap construction are with hard block onthe outside wall.
regarding the size, take care as a room under construction look always small and after completion it look like much bigger
برشلونــــي July 12th, 2009, 09:04 PM http://img34.imageshack.us/img34/4549/rufitwinstowerdubaion97.th.jpg (http://img34.imageshack.us/i/rufitwinstowerdubaion97.jpg/)
mpat July 15th, 2009, 01:06 PM i do not agree with you that municipality do not allow the use of the light block, it is everywhere in Dubai. only hte cheap construction are with hard block onthe outside wall.
regarding the size, take care as a room under construction look always small and after completion it look like much bigger
Lets hope that everything will be good in the end . . .
last 2 weeks they built only 1 floor , anyone knows the reason for that ???
mpat July 19th, 2009, 01:59 PM Now I find out that they have again some payment issue with contractor ( or internal contractor problem ) but they have almost stopped working on the project. PLEASE INVESTORS SHAKE THEM A LITTLE BIT SO THAT THEY START IT AGAIN. they launched some projects in Karachi.
amplesou July 19th, 2009, 04:30 PM mpat is this now on hold !
mpat July 21st, 2009, 08:28 AM no, A tower work is going on at a slow pace ( only 2 floor in a month ) and B tower only 1 floor in a month. Yesterday I spoke to the engineer at site and he told tht they removed a set for a month or two thats why work is slowed and it will affect the completion date also. but work is in progress at a slow pace. we will know the reality at the end of the month.
OmarFromFrance August 6th, 2009, 04:55 PM Hi everybody. I am new in this forum. Below are the latest pictures sent by Rufi on 1st August. It is clear that works are slowing down. It must be very difficult to work with this very temperature.
http://img517.imageshack.us/img517/6642/twin300709.th.jpg (http://img517.imageshack.us/my.php?image=twin300709.jpg)
http://img30.imageshack.us/img30/8327/twin3007093.th.jpg (http://img30.imageshack.us/my.php?image=twin3007093.jpg)
http://img526.imageshack.us/img526/8645/twin3007092.th.jpg (http://img526.imageshack.us/my.php?image=twin3007092.jpg)
http://img195.imageshack.us/img195/9217/twin3007091.th.jpg (http://img195.imageshack.us/my.php?image=twin3007091.jpg)
برشلونــــي August 10th, 2009, 10:01 AM Thank you for the latest pictures :)
Very bad news :(
ianxgrant August 10th, 2009, 10:03 AM Thank you for the latest pictures :)
Very bad news :(
Not sure why it's bad news? - I can see 12 floors now - Progress is acceptable considering the temperatures during the day.
baba toto August 10th, 2009, 10:55 AM Does anyone know the current market rate of a flat in DSC?
ianxgrant August 15th, 2009, 11:51 PM http://i29.tinypic.com/f1yvrk.jpg
mpat August 17th, 2009, 11:53 AM there is no market for off plan
ianxgrant August 17th, 2009, 12:50 PM there is no market for off plan
The question is whether or not there will be any value in our investments once the apartments are finished, never mind off plan
amplesou August 17th, 2009, 06:59 PM The question is whether or not there will be any value in our investments once the apartments are finished, never mind off plan
There is no market for off plan but there is a market for finished or nearly finished apartments !
There will be great value in your apartments when they are finished !
You will be part of a great sports community !
:lol:
mpat August 18th, 2009, 06:24 AM Let s hope and pray for the same , amplesou ! Becos at present completed projects are selling for 550 or 600 PSF in sports city , motor city etc
shiraj_hoque August 18th, 2009, 03:48 PM I wasnt aware that there were any completed projects in DSC??
Rob Timpie August 19th, 2009, 12:24 AM Let s hope and pray for the same , amplesou ! Becos at present completed projects are selling for 550 or 600 PSF in sports city , motor city etc
550 PSF in Sport City?
Give us the name of the project please... :lol:
baba toto August 19th, 2009, 10:39 AM 550 PSF in Sport City?
Give us the name of the project please... :lol:
Have you seen the RERA website lately? :-
Transactions Summary From 09/08/2009 To 13/08/2009: *************
Existing Building SPORT CITY AED 437 psf.
But we don't know the purchase date.
How can you be sure about the current market price (actual sale amount, not asking prices!) unless completed units are re-sold?....:dunno:
baba toto August 19th, 2009, 11:58 AM Hello
Today's RERA Prices:
SPORT CITY 2,687 Open Plot 459 psf AED 1,233,750
SPORT CITY 10,006.41 Open Plot 400 psf AED 4,000,000
SPORT CITY 2,686.67 Open Plot 504 psf AED 1,353,750
SPORT CITY 2,659 Open Plot 713 psf AED 1,894,940
I don't believe these prices!!! Possibly for Villas? I mean, currently, can open plots sell for this much in DSC???
This is making me believe in DSC as a great location....to be!!!
amplesou September 6th, 2009, 01:56 PM http://img233.imageshack.us/img233/5500/img1006g.jpg (http://img233.imageshack.us/i/img1006g.jpg/)
I have more pics if any body wants to see more!
ianxgrant September 6th, 2009, 11:42 PM I have more pics if any body wants to see more!
Yes please amplesou, and thanks for all the photos you've submitted for the other DSC projects.
amplesou September 7th, 2009, 12:10 AM http://img215.imageshack.us/img215/889/img1000b.jpg (http://img215.imageshack.us/i/img1000b.jpg/)
برشلونــــي September 7th, 2009, 09:57 AM Thank you for pics :)
Tankstar September 7th, 2009, 09:59 PM First of all.. my sincere thanks to everyone who posts here. Your input has been a beacon. Im embarrassed to admit that I must be the dumbest investor in the hemisphere. I've paid a 100% on a studio in Tower B (Rufi's nephew convinced me before they actually launched). Checks were written according to the payment plan then and the issue was never dealt with. Any recommendations? They have the nerve to ask for Dhs.2000 for the RERA pre-registration.. I told them to take it from the interest they practically owe me.
Any input, advice u may have will be well received. If u intend on insulting me, u'd be preaching to the choir :)
Thanks again everyone. Cheers.
ianxgrant September 8th, 2009, 09:29 AM First of all.. my sincere thanks to everyone who posts here. Your input has been a beacon. Im embarrassed to admit that I must be the dumbest investor in the hemisphere. I've paid a 100% on a studio in Tower B (Rufi's nephew convinced me before they actually launched). Checks were written according to the payment plan then and the issue was never dealt with. Any recommendations? They have the nerve to ask for Dhs.2000 for the RERA pre-registration.. I told them to take it from the interest they practically owe me.
Any input, advice u may have will be well received. If u intend on insulting me, u'd be preaching to the choir :)
Thanks again everyone. Cheers.
Hi There - Don't worry about being roped in, most people here either did the same, or wished they had had the money to do the same (at the time). I have paid 90% for a 3 bed in Tower A and my belief is that I've too much invested to quibble over a few hundred quid so I just paid it. I need them more than they need my 10%, because I'm totally sure that if something goes wrong then I'll never see any of my money again - my only chance is to hope that they have enough money to finish the project.
The best thing we can do collectively is to keep monitoring progress and to use boards like this to pass on pertinent information. Bashing the developers and Dubai in general just fuels the fires of negativity, which could ultimately damage our longer term investment.
On the bright side (if it gets finished) we will have a paid up place to visit when we visit Dubai and if we're lucky, we could still get a decent return on investment by either renting out or selling on after completion. I believe that Sports City will be an attraction, and I'm still quite upbeat about it.
maeag September 29th, 2009, 08:08 PM Hi,
I am living in Sport City (Victory Heigh) and i am the owner of a 1 bed in twin towers.
I can inform you that as per what i saw, for the last few days there is no activities at all on the site.
Tower A 16 floor, tower B 12 floor,....
We should be happy with the location of the tower within the project, but we should push Rufi to work on site.
FARIBA October 3rd, 2009, 06:37 AM Hi,
I am living in Sport City (Victory Heigh) and i am the owner of a 1 bed in twin towers.
I can inform you that as per what i saw, for the last few days there is no activities at all on the site.
Tower A 16 floor, tower B 12 floor,....
We should be happy with the location of the tower within the project, but we should push Rufi to work on site.
HI
Since you live in DSC can you tell me how do you like the area in general? what's the closes shopping area to you?
Also any idea at this time what's the current market price in DSC?
thanks
maeag October 4th, 2009, 05:53 PM HI
Since you live in DSC can you tell me how do you like the area in general? what's the closes shopping area to you?
Also any idea at this time what's the current market price in DSC?
thanks
The area of Victory Heigh is quiet new but already pleasant.
On the side of the towers, it is still a big construction site but it will become also nice. RufiTwin location is a good one, it will be near the canal and in a quiet area.
Price, no idea until deliveries of some towers, there is currently no price for non finish unit
ianxgrant October 5th, 2009, 10:33 AM Has any of the other owners had any correspondence from Rufi recently? It all seems to have gone very quiet and progress on site appears to have come to a standstill. I'd welcome any comments from anyone who's heard from them recently.....
pisandre October 5th, 2009, 11:32 AM Has any of the other owners had any correspondence from Rufi recently? It all seems to have gone very quiet and progress on site appears to have come to a standstill. I'd welcome any comments from anyone who's heard from them recently.....
Same bro, no communication from Rufi since a long while....
manchester123 October 7th, 2009, 04:37 PM same for Rufi Century Tower - its all gone quiet.
234sale October 7th, 2009, 05:22 PM http://img233.imageshack.us/img233/5500/img1006g.jpg (http://img233.imageshack.us/i/img1006g.jpg/)
I have more pics if any body wants to see more!
Thank You for sharing Amplesou
cdfcl October 7th, 2009, 08:56 PM Hi
I'm a Shami Tower investor, your next door neighbour.
According to my contract, broukes has to complete Shami Tower by Dec 2009 (12 months max delay). The deadline is near and they will be in breach of that they have set out between myself and Broukes. I do not wish to damage my relationship with Broukes so I will give them a chance to tell me what they plan to do about their faliure to comply with their legal duties. I will try and work with Broukes and I am in a very strange legal position if they do not meet the Dec 2009 DEADLINE.
If any fellow investors of Shami Tower wants to exchange thoughts in private instead of listening to other agents of the developers here my email address is cdfcl@yahoo.com. Cheers.
cdfcl
amplesou October 7th, 2009, 10:28 PM http://img340.imageshack.us/img340/3624/img0983n.jpg (http://img340.imageshack.us/i/img0983n.jpg/)
mpat October 13th, 2009, 07:15 AM Latest information from RUFI site is that there is no work progressing due to payment issues between contractor and developer . . . ! ! ! ! Rufi guys were telling that it will be started again in 3 or 4 days. . . but after that one week passed. . . Let s pray to GOD taht we get BEST returns on our investments ASAP. . .
maeag October 19th, 2009, 02:06 PM Just came back from the site.... still no activity...
Tower A 16 floors as before
Tower B 12 floors as before
What are doing Rufi....
pisandre October 19th, 2009, 04:00 PM What are doing Rufi....
Sleepin on your dirhams. zZZZzzzZZZZzzzZZZZzzzz
برشلونــــي October 25th, 2009, 12:10 AM .
.
What is new Completion date ??
mpat October 27th, 2009, 10:39 AM I think from sunday they started working again, , , I will re verify again and let u all know , , , , still they have kept the completion date of Apr 10 ! ! ! ! !
maeag October 27th, 2009, 04:24 PM I think from sunday they started working again, , , I will re verify again and let u all know , , , , still they have kept the completion date of Apr 10 ! ! ! ! !
Just came back from the site. At 5.45PM there was nobody on site, no signs of any activity today.
Small change, the start of the 17th floor on the tower A , so means a very small restart...
Let's see how it will evolve in the coming days...
mpat October 29th, 2009, 06:23 AM Just came back from the site. At 5.45PM there was nobody on site, no signs of any activity today.
Small change, the start of the 17th floor on the tower A , so means a very small restart...
Let's see how it will evolve in the coming days...
HA HA HA !
That means another 5 years to get hand over of our appartment ! So shame.
pisandre October 29th, 2009, 07:27 AM HA HA HA !
That means another 5 years to get hand over of our appartment ! So shame.
Well, instead of laughing, you may ask for penalties, no...?
mpat November 1st, 2009, 05:17 AM Well, instead of laughing, you may ask for penalties, no...?
Well Instead of laughing , I have another option of weaping, but that wont change anything. Becos , developer clearly tells that they dont have money ( that means they cant pay you any penalty or refund on your paid amount , One of the guys at developer said that " you should be thankful to GOD that we are still working at site,Look at Emaar , deyaar, DP etc etc they have scrapped so many projects.... " )
So that s what I keep praying to GOD, please dont let my hard earned money lose in vein, no matter even after 2 years I get hand over, may be there will be good demand for sale and rentals ! I opt to live positive.
pisandre November 1st, 2009, 07:04 AM Well Instead of laughing , I have another option of weaping, but that wont change anything. Becos , developer clearly tells that they dont have money ( that means they cant pay you any penalty or refund on your paid amount
I see. This project had no escrow account? Otherwise, you money should still be there, at least the left over the 50%.
If they claim they don't have money and when I read that some people paid 90%, how do you want them to complete the project?
WILLY2010 November 1st, 2009, 04:34 PM mpat, you stated , i quote that "developer clearly tells that they dont have money" and " what we should be thankful that the work is still going on".
i find it quite amazing that anybody with his senses would admit to that, if it were true, without thinking about the legal consequences... that is why i do not believe one word of it.
if it appears however that those words have been said, would you be kind enough to disclose this gentleman/lady's name?
there is no need to pray for a divine intervention, the law ( escrow account is compulsory) and if necessary an army of lawyers can do the trick.
Rufi is a large group with a lot of stakes in the uae and abroad . even if they are facing like many others cash difficulties, i do not think that they are stupid enough to discover that they are running out of money between the 16th and the 17 th floor of the rufi twin tower... after rushing to complete 10 floors within 6 months.......
the situation is bad enough- we have to remain as much as factual as possible.
mpat November 2nd, 2009, 11:34 AM mpat, you stated , i quote that "developer clearly tells that they dont have money" and " what we should be thankful that the work is still going on".
i find it quite amazing that anybody with his senses would admit to that, if it were true, without thinking about the legal consequences... that is why i do not believe one word of it.
if it appears however that those words have been said, would you be kind enough to disclose this gentleman/lady's name?
there is no need to pray for a divine intervention, the law ( escrow account is compulsory) and if necessary an army of lawyers can do the trick.
Rufi is a large group with a lot of stakes in the uae and abroad . even if they are facing like many others cash difficulties, i do not think that they are stupid enough to discover that they are running out of money between the 16th and the 17 th floor of the rufi twin tower... after rushing to complete 10 floors within 6 months.......
the situation is bad enough- we have to remain as much as factual as possible.
Ha ! I got someone who still thinks Rufi is a big group, looks like you are working for them .....
You can check with their recovery manager ( accounts manager ) for the second quoted statement.The same statement was repeated more than 3 to 4 times. . .
and the first statement was told by more than one guys ; namely , project engineer , accounts guy , administration manager, and above mentioned first gantleman also.....
Actually no one knew that there will be this deep financial crisis, they kept a kind a relation with contractor that they usualllay paid 15 % additional than actual progress when things were fine , so contractor kept pushing job till they did not pull out from century tower ( Yes , they removed this contractor and stopped work in centure tower ) , , ,
and as soon as there was defaulters from the investors like me and my partners, they started to feel imbalance in their projection of expected income with respect to time. . . . First of all they collect good amount from you ( around 30 to 40 % ) and then they actually start working physically on site . . . so they were thiking that while we compelete structure , we would get most of units's full amount . . .. and in that assumption they kept on buying plots in Sports city , jebel ali, etc. ( I WAs told by another manager at Rufi that we are even trying to return those plots to sports city ,but its not possible.! ! !
I know u will not believe , but that s true . . .
pisandre November 2nd, 2009, 11:55 AM First of all they collect good amount from you ( around 30 to 40 % ) and then they actually start working physically on site . . . so they were thiking that while we compelete structure , we would get most of units's full amount . . .. and in that assumption they kept on buying plots in Sports city , jebel ali, etc. (
Well, they were probably not the only ones to buy plots based on the money that should pay the contractors of other projects. Still, the introduction of the escrow account should have stopped that, right? Was Twin Tower without any escrow account? Do you they bypassed the escrow account and took the money from there?
WILLY2010 November 2nd, 2009, 05:30 PM mpat,
i never implied that you were making the situation worse than it is....i am aware of the situation as well.
like everybody Rufi is struggling with cash... On top of that, you could have mentioned that the banks -in difficulty as well- want to reduce their exposure to the real estate business and stopped lending money to the developpers and will continue to do so until their situation/ and the real estate market remain uncertain.
the developpers are caught in the middle, between on one side defaulters and on the other side banks which are very cautious and refuse to lend...
But honestly i don t care about their problems. by risking of appearing selfish, i do not care either if they start or finish their other projects.... i care about mine/ ours as (an)rufi twin tower investor(s). the superstructure of the building being near completion, they have no alternative than finish it.
now the 'when' is our problem and is to a certain extent in our hands. we have to put pressure on them and even go through legal action if ,as you implied, they were not diligent enough into managing their money.
only relentless pressure from all of us will make them move. .....and yes, rufi is a group with stakes here and abroad, who have delivered a certain number of buildings in dubai. Nobody likes to have its reputation tarnished-certainly not in Dubai.
they have no choice.
the how is their problem:Hundreds of people have invested money to have this project completed. they have an obligation of results. and if they don t or want, we (+the law however imperfect) will help them...........
mpat November 4th, 2009, 04:45 AM Well, they were probably not the only ones to buy plots based on the money that should pay the contractors of other projects. Still, the introduction of the escrow account should have stopped that, right? Was Twin Tower without any escrow account? Do you they bypassed the escrow account and took the money from there?
Yes , they did open an escrow account as per the requirement. But there were so many lee ways to get money out of it . As a developer one can always claim that I spent 500 000 for advertising during F1 and pakistan Australia series etc and can get that much amount from the bank, , , , Its as simple as that you have kept your money in teh bank and you want to withdraw with a proper justification , but who verifies those justifications at the bank , they take a paper and keep it in their file as a proof . . .
Some facts written above were also heard from RUFI guys ! ! ! !
mpat November 4th, 2009, 04:57 AM mpat,
i never implied that you were making the situation worse than it is....i am aware of the situation as well.
like everybody Rufi is struggling with cash... On top of that, you could have mentioned that the banks -in difficulty as well- want to reduce their exposure to the real estate business and stopped lending money to the developpers and will continue to do so until their situation/ and the real estate market remain uncertain.
the developpers are caught in the middle, between on one side defaulters and on the other side banks which are very cautious and refuse to lend...
But honestly i don t care about their problems. by risking of appearing selfish, i do not care either if they start or finish their other projects.... i care about mine/ ours as (an)rufi twin tower investor(s). the superstructure of the building being near completion, they have no alternative than finish it.
now the 'when' is our problem and is to a certain extent in our hands. we have to put pressure on them and even go through legal action if ,as you implied, they were not diligent enough into managing their money.
only relentless pressure from all of us will make them move. .....and yes, rufi is a group with stakes here and abroad, who have delivered a certain number of buildings in dubai. Nobody likes to have its reputation tarnished-certainly not in Dubai.
they have no choice.
the how is their problem:Hundreds of people have invested money to have this project completed. they have an obligation of results. and if they don t or want, we (+the law however imperfect) will help them...........
Agreed Willy .
We all need to put pressure on Rufi.
But , I think you have some mis understanding about Rufi , , , 1st - I dont think they have any stakes in any business out side UAE and Pakistan ( which is their home country ) , Its purely a single family run developer.
2nd they have not delivered even a single project so far in UAE. One project in International city is READY from January this year but still not handed over until my last information ( 2 weeks back ) Twin tower is the first project in UAE after that.
maeag November 17th, 2009, 08:53 AM I check last night (in the dark), it looks like that tower A is under its 18th floor now (not yet finish).
Tower B still 12 floor.
Look like they keep working on the project. I will try to go soon during the day to make sure of what's happening.
mpat November 18th, 2009, 04:53 AM I check last night (in the dark), it looks like that tower A is under its 18th floor now (not yet finish).
Tower B still 12 floor.
Look like they keep working on the project. I will try to go soon during the day to make sure of what's happening.
u r right.but they wrking very slow,cos they still waiting mney..... contr told me tht they finished concrete for 16 th and 17th will be done soon.lets hope they finish all 18 floors before new year on tower a and move to tower b.
maeag November 18th, 2009, 02:01 PM Hi,
Today at 4PM
Tower A : few activities on it ( I saw from far 2 guys on the top, I imagine they were more)
Tower B : nobody on it
Good news that it is not stop
Bad news that it is slow
pisandre November 18th, 2009, 02:38 PM Hi,
Today at 4PM
Tower A : few activities on it ( I saw from far 2 guys on the top, I imagine they were more)
Tower B : nobody on it
Good news that it is not stop
Bad news that it is slow
Btw, what's the completion date now?
cityyyyy November 21st, 2009, 01:50 PM What is happing on Rufi Twin Towers; Anybody can tell me. I have bought several units with possession date Nov 2007. So far no possession. They are demanding 90% money on a plan based on slab construction. On this plan they can take 90% payment simply by constructing floor slabs.
I do not know what to do. All those who have bought flats in Rufi tower please advise me.
maeag November 21st, 2009, 04:46 PM What is happing on Rufi Twin Towers; Anybody can tell me. I have bought several units with possession date Nov 2007. So far no possession. They are demanding 90% money on a plan based on slab construction. On this plan they can take 90% payment simply by constructing floor slabs.
I do not know what to do. All those who have bought flats in Rufi tower please advise me.
Most of us already paid 90 or 95%
It is under construction but slow from few months now.
Today again, Tower A was working and nobody on tower B
Should be delivered in 2010, they informed about April, I believe more October/November 2010.
pisandre November 21st, 2009, 07:49 PM Most of us already paid 90 or 95%.
Guys, I don't really understand how you had paid 90% and more for a project lagging that much.... Seriously, I would hang up as soon as an agent is calling me. :bash:
maeag November 22nd, 2009, 06:40 AM Guys, I don't really understand how you had paid 90% and more for a project lagging that much.... Seriously, I would hang up as soon as an agent is calling me. :bash:
From my side, it was a montlhy paiment plan organized by Rufi from 2005 to 2008 I think.. and as I bought it in 2008 (when the construction started well), then I had no other choice than to follow the contract...
ianxgrant November 23rd, 2009, 12:04 PM Guys, I don't really understand how you had paid 90% and more for a project lagging that much.... Seriously, I would hang up as soon as an agent is calling me. :bash:
I've paid 90% of it as well - The exchange rate was 7 to 1 so it has saved me a lot of money. Keep in mind that this money was all paid before the crunch. People who stopped paying their contracts have perpetuated the delays, as it has contributed to the developers running out of money.
pisandre November 23rd, 2009, 12:59 PM People who stopped paying their contracts have perpetuated the delays, as it has contributed to the developers running out of money.
May be. So how Rufi is going to complete the project then? Cancelling contracts and find new buyers? :ohno:
mpat November 26th, 2009, 11:27 AM May be. So how Rufi is going to complete the project then? Cancelling contracts and find new buyers? :ohno:
No , I think they r waiting for real estate market to pick up again, so that they an start selling OFF PLAN.... They usuallay delay their projects , its their habits, no matter if all investors paid up 90 %. Becos they said that its only 10 % customers who defaulted with them. so meaning to say rest all might have paid around 90 %....
pisandre November 26th, 2009, 07:31 PM No , I think they r waiting for real estate market to pick up again, so that they an start selling OFF PLAN....
Interesting. In 10 or 20 years from now? :lol::lol::lol:
rjd November 30th, 2009, 09:36 PM new to this site. has anyone got any further updates on rufi twin towers as im getting no response from rufi themselves. getting a little concerned as to whats happening
mpat December 1st, 2009, 05:31 AM new to this site. has anyone got any further updates on rufi twin towers as im getting no response from rufi themselves. getting a little concerned as to whats happening
I got a call from them last week regarding some balance issues with me. . . I hope they are still in Dubai. . .
May be they have gone for EID holidays, , , ! ! ! :)
pisandre December 1st, 2009, 07:23 AM I got a call from them last week regarding some balance issues with me. . .
You paid too much and they wanted to give you money back :lol::lol::lol::lol::lol:
maeag December 1st, 2009, 08:37 AM Just pass in front of Rufi Twin Towers,
There are some activities on both towers A&B
rjd December 1st, 2009, 10:15 AM had replies from rufi stating tower B construction due to continue very soon once tower A is complete. also completion date around July/August then once inspections done hand over of keys!!!!!! ( heared that before). so should be able to use it by January 2050!!!
برشلونــــي December 3rd, 2009, 08:26 PM any new photos :(
Tankstar December 8th, 2009, 02:15 PM Just got this email today guys: "This is to inform you that we have already casted the 18th floor slab on Tower A and are waiting the green light from Dubai Municipality to move forward with the 19th Slab (ceiling of 18th Floor) and top roof floor on Tower A. In the meanwhile and in order not to stop activity on site we have tackled Tower B and 13th Slab is expected to be casted before December 15th 09. Furthermore block works' activity is progressing on lower floors."
With pics to prove it.
maeag December 9th, 2009, 05:21 AM Just got this email today guys: "This is to inform you that we have already casted the 18th floor slab on Tower A and are waiting the green light from Dubai Municipality to move forward with the 19th Slab (ceiling of 18th Floor) and top roof floor on Tower A. In the meanwhile and in order not to stop activity on site we have tackled Tower B and 13th Slab is expected to be casted before December 15th 09. Furthermore block works' activity is progressing on lower floors."
With pics to prove it.
Hi,
I confirm, for the last few days, there is slow activities on Tower B and look like no more on tower A.
I went inside and saw that for the lower floors, block works was done, pipe also already installed
But still a massive work to do...
mpat December 10th, 2009, 11:11 AM they will keep working on it for a year or two, minimum ! ! !
pisandre December 10th, 2009, 11:35 AM they will keep working on it for a year or two, minimum ! ! !
No one will try to get penalties from Rufi on this project? If so, what are the compensations offered by Rufi?
mpat December 11th, 2009, 07:53 AM Actually there is a very nice clause put in the contract, If tehre are some investors in RTT , we can get all our money back from them,. ,. ,. generally this clause is not put in by all developers.
ianxgrant December 11th, 2009, 08:01 AM Actually there is a very nice clause put in the contract, If tehre are some investors in RTT , we can get all our money back from them,. ,. ,. generally this clause is not put in by all developers.
The only clause I believe in is Santa Clause.
pisandre December 11th, 2009, 08:31 AM The only clause I believe in is Santa Clause.
Agreed. I heard directly from Rufi that RERA considers it is normal in Dubai to have delayed projects. So nothing to hope...
mpat December 12th, 2009, 07:02 AM The only clause I believe in is Santa Clause.
Then enjoy your christmas with given 90 % money up front ! ! ! :cheers:
I will enjoy my holidays in a happy mood that I paid less than half of yours so far . . . . For sure , santa clause did not come to help me in achieving that . . . READ CONTRACT WELL AND MAY BE ITS WRITTEN IN YOUR CONTRACT ALSO. . . :bash::ohno:
برشلونــــي December 14th, 2009, 09:36 AM All bad news :(
No good news :)
dubaiprojects December 15th, 2009, 11:11 PM One of my friend told me that Rufi (name of the owner) is a re-known crook in his country and had made fraud in several projects there. I wonder how a company like this was allowed to start in dubai?
There should have been a difference wit dubai then the rest of the third world foul plays, guess not, seem they want to reach to their dream by hook and crook.
I hope am wrong, but my guess is this project either will not complete at all or it may take AT LEAST ANOTHER 5 YEARS.
Cheers
pisandre December 16th, 2009, 03:31 AM One of my friend told me that Rufi (name of the owner) is a re-known crook in his country and had made fraud in several projects there. I wonder how a company like this was allowed to start in dubai?
Well, they may want to be a reknown crook here too.....
:colgate::colgate::colgate::colgate:
mpat December 16th, 2009, 05:09 AM Well, they may want to be a reknown crook here too.....
:colgate::colgate::colgate::colgate:
I also heard something similar reputation for them , , , So far they are still here in dubai that is the most encouraging factor for me , I heard of many of their brothers and friends in their home country already fled Dubai. . .
Lets hope that they finish this project , does not matter even if it takes another 2 or 3 or 5 years ! ! ! :bow:
pisandre December 16th, 2009, 06:25 AM Lets hope that they finish this project , does not matter even if it takes another 2 or 3 or 5 years ! ! ! :bow:
Well, hope is one thing... However, when you have thrown hundred of kilodhs at Rufi, I don't really understand why you are not chasing them and can accept such delays. It means you really don't need your money. Good for you.
maeag December 16th, 2009, 08:40 AM Well, hope is one thing... However, when you have thrown hundred of kilodhs at Rufi, I don't really understand why you are not chasing them and can accept such delays. It means you really don't need your money. Good for you.
Unfortunately, this delay is not only Rufi but the whole real estate market... Give us today one name of one project on time.... No ones anymore. It doesn't exist.
Of course, we care of our money but we are like many others in Dubai, and can not do anything yet.
Most important, compare to many others projects, Rufi Twin Towers keep working. For the last week, they are working on tower B. So it is not such bad... it can be much worst with developpers leaving with your money or not starting the project...
pisandre December 16th, 2009, 08:55 AM Of course, we care of our money but we are like many others in Dubai, and can not do anything yet.
No one wants to create a group and hire lawyer representing the group?
it can be much worst with developpers leaving with your money or not starting the project...
So, as discussed earlier regarding their bad reputation, you are waiting for them to flee the country? :lol: It will be too late then, bro...
maeag December 16th, 2009, 09:11 AM So, as discussed earlier regarding their bad reputation, you are waiting for them to flee the country? :lol: It will be too late then, bro...
Pisandre,
What have you done against them if it is so easy...
I think you have a flat in Rufi Century Tower which is unfortunately in a much worth situation compare to Rufi Twin Towers.
May be today they are in fact using the money of Century Tower to built Rufi Twin Towers:lol: , that's why there is still daily activity in Rufi Twin Towers
pisandre December 16th, 2009, 11:17 AM Pisandre,
What have you done against them if it is so easy...
At least I stopped paying far before 90%. It doesn't mean I am going to do nothing and wait for their progress. I will not anymore give 1 dh to Rufi and I will wait for the official reminder from RERA (if it ever comes...:lol:). Once Rufi is in breach on contract (Mid 2011), it will be time for action, man.
mpat December 16th, 2009, 12:20 PM No one wants to create a group and hire lawyer representing the group?
So, as discussed earlier regarding their bad reputation, you are waiting for them to flee the country? :lol: It will be too late then, bro...
Pisandre ,
Lets make a group and sue them, i m myself an investor in twin towers and a friend of mine also invested with Rufi and paid around 90 % . . . :)
pisandre December 16th, 2009, 12:44 PM Pisandre ,
Lets make a group and sue them, i m myself an investor in twin towers and a friend of mine also invested with Rufi and paid around 90 % . . . :)
Well, man. Don't get me wrong. Before suing, first a legal advice should be taken (against some fees). Secondly, I don't know what is the completion date in your contract and if there is any grace period. For me, it is mid-2011, so legally I can't do that much. In theory, they can still complete the project before that date. Furthermore, I am covered by the new payment linked to the progress of the construction. (=Rufi is not asking money at the moment and will not ask before a while, probably never).
In any case, I am interested by a common action against Rufi, whatever the project it is. Dunno if there is someone from their International City project on this forum. It should be the first project they deliver.
dubaiprojects December 16th, 2009, 06:02 PM I do not think Rufi will abandon the project and run away. What I meant to say is that the reputation of this company finishing projects is terrible!!!!! much worse than you can think of. And when there is a crises, this gives them more room for excuses to delay the project by another 5 years.
To me an investment is such a company is like that of falling to a scam.
Cheers
pisandre December 17th, 2009, 08:02 AM And when there is a crises, this gives them more room for excuses to delay the project by another 5 years.
Understood, but what about the completion date in the contract then? It will be your right to ask for penalties or even to complain, right?
dubaiprojects December 17th, 2009, 10:08 AM Understood, but what about the completion date in the contract then? It will be your right to ask for penalties or even to complain, right?
Yes you have the right to ask for penalties and also to complain, I guess all such attempts will go in vain, its just a clause on a piece of paper and in my opinion, nothing will ever happen. You have the rera now, right, with so many projects on Hold etc, did you hear people getting their money back when they want to cancel? No!!! One of my friend bought in Ajman from a reputed developer and he is willing to give up 30% cancellation charges but even that is not possible. However one of my other friend who bought in Jan 2007 in JLT and then canceled in Feb 2008(for need of money) was able to get the money refunded after 30% loss, why? because there was no crises and the developer was able to re sell the unit with a large premium as well. Look all is linked to the economy and if is is going up, you have no worries.
As Imre said some where, unless and until they pass a law to provide residency visas, future of many projects are in danger.
In My opinion, your project may be completed in the next 5 years but if the surrounding area is not built as was visions for dsc, it will be a hard luck for you even find a tenant to live in there.
Cheers
basheer.mohammad December 17th, 2009, 10:15 AM but if the surrounding area is not built as was visions for dsc, it will be a hard luck for you even find a tenant to live in there.
Cheers
Hi, What makes you think that DSC will not take the shape as visioned? Are there any specific reasons. I see that DSC (infrastructure and facilities) is progressing well though there are many holes dug by builders.
What do you say
dubaiprojects December 17th, 2009, 10:29 AM Hi, What makes you think that DSC will not take the shape as visioned? Are there any specific reasons. I see that DSC (infrastructure and facilities) is progressing well though there are many holes dug by builders.
What do you say
Well I hope DSC will realize what it has visioned but the reality is it will take a lot of years depending not only on dubai economy but overall the whole world. Recent news about AD coming forward to help dubai is a good sign but it also reflected their difficulties and pain.
What you have asked is actually my question asked in another thread .
http://www.skyscrapercity.com/showthread.php?t=317231&page=51
cheers
mpat December 18th, 2009, 09:10 AM Well I hope DSC will realize what it has visioned but the reality is it will take a lot of years depending not only on dubai economy but overall the whole world. Recent news about AD coming forward to help dubai is a good sign but it also reflected their difficulties and pain.
What you have asked is actually my question asked in another thread .
http://www.skyscrapercity.com/showthread.php?t=317231&page=51
cheers
it will develop as visioned, but still your 1 beds wont get more than 25k annual rent to u. becos of over supply........:bash:
selling price will be 275 to 300 k for 1 bed in dsc.....
basheer.mohammad December 18th, 2009, 09:42 AM it will develop as visioned, but still your 1 beds wont get more than 25k annual rent to u. becos of over supply........:bash:
selling price will be 275 to 300 k for 1 bed in dsc.....
Mpat - you seem to be having fun at others misery.......
you are saying 275 to 300k for 1bed in dsc I would then buy tons of them. you dont get 1 beds for the price you quote even in a poor country like india.
mpat December 19th, 2009, 08:05 AM Mpat - you seem to be having fun at others misery.......
you are saying 275 to 300k for 1bed in dsc I would then buy tons of them. you dont get 1 beds for the price you quote even in a poor country like india.
Dear Basheer,
Its not only others misery , I myself am in a miserable situation, since I invested in 2 apartments in DXB..... But that does not mean that we will turn our back from reality, I feel that one bed price will come down till 275 000 AED to 300 000 AED in 2 years time.
basheer.mohammad December 19th, 2009, 07:53 PM Dear Basheer,
Its not only others misery , I myself am in a miserable situation, since I invested in 2 apartments in DXB..... But that does not mean that we will turn our back from reality, I feel that one bed price will come down till 275 000 AED to 300 000 AED in 2 years time.
Your good and my betterment is in proving you wrong. hope we can add one zero at the end to your price after 2 years.
mpat December 20th, 2009, 01:01 PM Your good and my betterment is in proving you wrong. hope we can add one zero at the end to your price after 2 years.
Just hope that we can be able to multiply those figures with 2 or 3 :)
برشلونــــي December 22nd, 2009, 07:46 AM .
.
No good news :(
pisandre December 22nd, 2009, 08:09 AM .
.
No good news :(
Man, for good news, come back in 5 years when you building will be handed over and you will have to pay 50dhs/sq.ft/year for the maintenance&service fees.:lol::lol::lol::lol::lol::lol::lol:
amplesou December 22nd, 2009, 07:03 PM More importantly what will the finish be like given such tight construction pressures ?
pisandre December 22nd, 2009, 07:13 PM More importantly what will the finish be like given such tight construction pressures ?
Well, the reply is in your question: no finish. Investors will have to finish by themselves :lol::lol::lol::lol::lol:
mpat December 27th, 2009, 05:18 AM Well, the reply is in your question: no finish. Investors will have to finish by themselves :lol::lol::lol::lol::lol:
and after that , what will be the rental / re sale prices ? ? ? 25000 DHS per year rent for 1 bed ????????????
pisandre December 27th, 2009, 06:29 AM and after that , what will be the rental / re sale prices ? ? ? 25000 DHS per year rent for 1 bed ????????????
Yes. With service & maintenance 20000 dhs per year. 5000 dhs for the property manager and you are done.:lol::lol::lol::lol::lol::lol::lol:
maeag December 27th, 2009, 06:31 AM and after that , what will be the rental / re sale prices ? ? ? 25000 DHS per year rent for 1 bed ????????????
never....25000 AED per year.
In Dubai 11 years ago a good 1 bedroom (Bur Dubai area) was around 40/45 000 AED/year and a cheap finishing 2 bedrooms (Al Rafa for example) around 50 000 AED.
I do not believe we will come back with prices below, I will also say IMPOSSIBLE
mpat December 28th, 2009, 09:59 AM never....25000 AED per year.
In Dubai 11 years ago a good 1 bedroom (Bur Dubai area) was around 40/45 000 AED/year and a cheap finishing 2 bedrooms (Al Rafa for example) around 50 000 AED.
I do not believe we will come back with prices below, I will also say IMPOSSIBLE
Now , I m getting one bedroom in JLT ( which looks much better in terms of location than DSC ) of 1000 SQ FT for 48 k AED a year. . . so it will certainly follow the downward track in 2 years timee , , , JVS started renting at 40k for 1 bed . . . Burdubai is a business area, it might hold back since there is not many new buildings unlike new dubai , , , there are thousands building in Discovery garden and JVS. . .
basheer.mohammad December 28th, 2009, 11:51 AM Now , I m getting one bedroom in JLT ( which looks much better in terms of location than DSC ) of 1000 SQ FT for 48 k AED a year. . . so it will certainly follow the downward track in 2 years timee , , , JVS started renting at 40k for 1 bed . . . Burdubai is a business area, it might hold back since there is not many new buildings unlike new dubai , , , there are thousands building in Discovery garden and JVS. . .
Have read posts that motor city 2BKH's are going for 80K. Will it be that much of a difference?
mpat December 29th, 2009, 06:18 AM Have read posts that motor city 2BKH's are going for 80K. Will it be that much of a difference?
Yes , but they all will stay empty until its reduced to 55 or 60 for present situation . . . . I can get u a good apartment , better than motor city ( remote location , no shopping malls , no schools , no clinics nothin ) , like Al barsha for 65 to 75k with all similar facilities adn sizes plus accessibility to METRO < MALL OF EMIRATES < MOSQUES < BUSES< SCHOOLS etc etc et c
mpat January 3rd, 2010, 07:27 AM BAD NEWS ! ! ! Just got info that contractor stopped working as there was pending money to be paid by rufi , as usual delays . . .
pisandre January 3rd, 2010, 07:29 AM BAD NEWS ! ! ! Just got info that contractor stopped working as there was pending money to be paid by rufi , as usual delays . . .
HI HI. Mpat. You still expect to get your apartment before you retire :lol::lol::lol::lol::lol:
maeag January 3rd, 2010, 08:44 AM I confirm, no work for the last 3 to 4 days...
mpat January 4th, 2010, 01:12 PM HI HI. Mpat. You still expect to get your apartment before you retire :lol::lol::lol::lol::lol:
Someone is crying and some one is laughing ! ! ! :badnews::badnews:
pisandre January 4th, 2010, 01:17 PM Indeed. I am sure that Rufi is loudly laughing when they read you (...well us eurgh :ohno::ohno::ohno:)
برشلونــــي January 8th, 2010, 09:43 AM I confirm, no work for the last 3 to 4 days...
.
.
Bad news :(
.
.
amplesou January 12th, 2010, 07:18 PM in dubai sports city today and checked out this site !
The lower tower was active on top with floor building but other tower not !
maybe they are catching up to level out ! :)
Canard January 12th, 2010, 07:59 PM in dubai sports city today and checked out this site !
The lower tower was active on top with floor building but other tower not !
maybe they are catching up to level out ! :)
Very good news :cheers:
Hopefully it will be complete by end of this year.
mpat January 14th, 2010, 04:38 AM Very good news :cheers:
Hopefully it will be complete by end of this year.
Very optimistic Canard,
Hopefully it will complete by end of NEXT year. . . . :banana:
amplesou January 18th, 2010, 10:32 PM pics from my visit last week!
http://img697.imageshack.us/img697/976/img1752x.jpg (http://img697.imageshack.us/i/img1752x.jpg/)
http://img193.imageshack.us/img193/6740/img1753a.jpg (http://img193.imageshack.us/i/img1753a.jpg/)
OmarFromFrance January 19th, 2010, 01:34 PM No progress at all. And I have to keeping my bank :-(
Guys, is Rufi supposed to pay us any penalties because of this f*** delay ?
maeag January 19th, 2010, 01:42 PM No progress at all. And I have to keeping my bank :-(
Guys, is Rufi supposed to pay us any penalties because of this f*** delay ?
no nothing.... nous devons juste attendre betement (we just have to wait stupidly)
OmarFromFrance January 19th, 2010, 01:53 PM Merci (Thanks)
pisandre January 19th, 2010, 02:00 PM Well, guys. I guess you have the right to cancel your contract and claim for all your money back, right?
Optymyst January 19th, 2010, 07:08 PM On 8th December Rufi told me they had cast the 18th floor of Tower A and were waiting for permission from Dubai Muncipality to cast the 19th floor which is the ceiling of 18th floor and the top floor. They had then turned their attention to tower B and would be casting the 13th slab before the 15th December. l think the photograph posted does show the 13th slab. Furthermore blockworks were said to be progressing on the lower floors. In the UK it is easy to phone the Planning Office and ask about a project. Is it possible to talk to anyone at Dubai Muncipality l wonder? l have also been told (by Rufi) that the project is on target for completion during the last quarter of 2010.
Optymyst January 19th, 2010, 07:11 PM l've just checked and the photograph last week shows both the 13th slab and 14th slab and some progress with the blockwork on the lower floors of Tower A.
pisandre January 19th, 2010, 08:27 PM l have also been told (by Rufi) that the project is on target for completion during the last quarter of 2010.
Optimistic but not Realistic :lol::lol::lol::lol::lol:
nigar January 19th, 2010, 10:41 PM hi, friends. I also want to know latest news about this project,
which floor is building now?
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