#TOPPED OUT: PARK ISLAND, 2x28F & 2x24F Res

[Dubai-Lover]

Name: Park Island
Floors: 2x28 & 2x24
Height: ?
Use: Residential

http://www.ameinfo.com/images/news/1/15101-parkisland.jpg

[Dubai-Lover]

Emaar unveils Park Island at Dubai Marina

Emaar Properties today announced the launch of Park Island, a premium four-tower designer condominium complex that offers upscale community living in its own exclusive district at Dubai Marina.

The island towers, built amidst cascading and stepped water features, palm trees and terraced planting beds, offer a choice of one and two bedrooms. Offering uncomprising high standards, the ultra modern apartments offer state-of-the-art finishings and technology and are strategically positioned to allow majority of the apartments have uninterrupted marina views. Park Island community living offers the best of both worlds - marina lifestyle mixed with greenery of gardens and parks.

Four towers will feature within Park Island, namely Blakely and Sanibel Towers - each 24 storeys high above the podium, while Bonaire and Fairfield Towers rise 28 storeys above the podium. Blakely is the first tower to be released to the public with registration at the Dubai Marina Sales Centre from 10:00am to 4:00pm on Sunday 29 May and Monday 30 May.

On Tuesday 31 May at 10:00am a random draw by an external auditor will take place and selected applicants will be informed by telephone and email of their registration number to attend the launch on the Wednesday 1 June.

Naaman Atallah, Emaar Properties Director of Sales said: 'Park Island is all about designer sophistication and this new community will unite in this impressive water front ambience. It is first-rate living at its best.

'We've gone to great lengths to provide this development with an aura of designer living, and coupled with the existing Dubai Marina's lifestyle, Park Island will surely attract people with its exclusive leisure amenities, the relaxed waterside lifestyle and stunning beauty of the peninsula shaped district with its own retail area - it's a community of its own and modern living at its best!'

Park Island apartments have maximum utilisation of interior spaces designer suite finishes, stone countertops with breakfast bars and style cabinetry. The appliance collection includes hob, hood, oven, refrigerator, dishwasher and washer/dryer. They also include all the standard facilities offered in Dubai Marina homes.

The community boasts numerous landscaped areas and water features, three parks, plentiful parking, swimming pool, squash courts, a health club, gymnasium, games room, business centre, four guest bedrooms, four car parking levels for tenants and visitors.

[Dubai-Lover]

added to emporis

[malec]

Like the 2 in front but as I'm sure someone else will say the 2 in behind look, well... a bit Emaarish

Aswell they look too similar to a lot of towers in the area. Maybe if they changed the colours

[Þróndeimr]

Nice, the light blue color dress the building very well.

[dubaiflo]

emaar , i love you guys :D

[Admiror]

Any hint about the Location and the completion date in the add??

[ahmedr]

*yawn*

[AltinD]

I have the feeling that the apartments on the back of these towers will have JBR view ;)

[city of the future]

nice condos!

[DarkBlueBoss]

any prices ??

[juiced]

Bland. They could be confused for the Resideces or Majara, all look the same.

[Krazy]

Emaar launches Park Island

The latest project to be rolled out in the Dubai Marina is the Park Island, a four-tower upscale complex, from Emaar Properties. Sales of apartments in the first Blakely Tower open today and close on Monday. A random draw to select the buyers will be held on Tuesday.

[dubaiflo]

they will sell today and then it stops, and they hope to have sooo many that they have to select them.
i didn´t even see floorplans and prices so far..

[DUBAI]

most of the people who buy them [speculators] probably wouldnt even bother looking. but wait for the look on their face in 18 months time when they realise that emmar have decived them and every bedroom is 1x2 metres...

muhuahuahuauhahuauha.


btw, apparently the other day it was sort of confirmed that if you have bought a house in dubai you dont officialy own it. you own the building, but not the land. so if your house burns down....tough shit. emmar can build a new one on the plot and sell it to somone else!

======ive looked and looked but i cant find the article were i read it :bash:

[dubaiflo]

lol, i guess emaar will burn the arabian ranches soon...

[juiced]

Well part of living in the Arabian Ranches is a lifestyle steeped in mystery. You never know when your house is going to be burned down ;)

[northway]

most of the people who buy them [speculators] probably wouldnt even bother looking. but wait for the look on their face in 18 months time when they realise that emmar have decived them and every bedroom is 1x2 metres...

muhuahuahuauhahuauha.


btw, apparently the other day it was sort of confirmed that if you have bought a house in dubai you dont officialy own it. you own the building, but not the land. so if your house burns down....tough shit. emmar can build a new one on the plot and sell it to somone else!

======ive looked and looked but i cant find the article were i read it :bash:

But what about insurance?? All these units should be under some sort of insurance, isn't it!!!

[juiced]

I have seen an Emaar contract. The only insurance is life insurance for the buyer (a must), the contract basically says a year after handing over the unit to you they are not obligated to do any maintenance to the unit and its up to you. That is why any one who owns an emaar house should start selling their house a MAX of 5 years later before it starts degrading in value.

[soennecken]

I wonder, I just wonder if this semi circular plot on the west bank is Park Island?

http://img.photobucket.com/albums/v302/seonnecken/marina_d019.gif

[dubaiflo]

already said that. i am sure it will be there.

[Dubai-Lover]

can only be this one
below the end of jbr at the waterfront

[Dubai-Lover]

more info with master plan
http://www.emaar.com/Developments/DubaiMarina/park_island/Index.asp

[dubaiflo]

ok so this is the final location. good sea view for those towers ;)

[Dubai-Lover]

Emaar launches Sanibel Tower at Park Island

After the successful launch of the first two towers at Dubai Marina's Park Island development last month, Emaar Properties yesterday unveiled the third tower - the 24 storey Sanibel Tower.

http://www.ameinfo.com/images/news/7/15687-emaar-june-18-2005.jpg
Highlighted in the picture is Emaar's Sanibel Tower.
Park Island, the peninsula shaped development consisting of four residential condominium towers, offers upscale community living in an exclusive marina environment.

The ultra modern one and two bedroom apartments offer state-of-the-art finishing and technology. The four towers surround a central landscaped island with cascading waterfalls and stepped water features and are strategically positioned to allow majority of the apartments have uninterrupted marina views.

With Sanibel Tower apartment prices starting from AED 643,000, sales will be restricted to e-registration on the Park Island dedicated website www.emaar.com/sanibel from 10:00am on Saturday 18 June until 4:00pm on Sunday 19 June 2005. A random draw will take place on Monday 20 June to determine order of sales and applicants will be notified by e-mail of their numbers to attend the launch at Dubai Marina sales centre on Tuesday 21 June 2005.

'The strategic location of Park Island has made it one of the sought-after properties at Dubai Marina. With its unique location, exquisite design and picturesque surroundings set within a marina environment, the development reaches the heights of designer living,' commented Naaman Atallah, Emaar Properties Director of Sales.

All Park Island apartments have maximum utilisation of interior spaces, designer suite finishes, stone countertops with breakfast bars and style cabinetry. The appliance collection includes hob, hood, oven, refrigerator, dishwasher and washer/dryer. They also include all the standard facilities offered in Dubai Marina homes.

Park Island access is by a controlled gatehouse with ramps providing access up to a podium level where the tower entrances are located including 4 levels of underground parking. Amenities include retail spaces within the complex, three parks, swimming pool, squash courts, mini theatre, a health club, gymnasium, games room, four guest bedrooms and business centre.

[Krazy]

Emaar unveils third tower at Park Island

Dubai :
After launching the first two towers at Dubai Marina’s Park Island last month, Emaar Properties unveiled the third — Sanibel Tower — yesterday.

The Park Island development consists of four condominium towers.

The Sanibel Tower apartment price starts from Dh643,000.

Sales will be restricted to e-registration on the Park Island dedicated website from 10:00 am today until 4:00 pm tomorrow. A draw will take place on June 20 to determine the order of sales and the winners will be notified by e-mail.

[Krazy]

Emaar launches major residential towers

Dubai

Following the successful launch of the first two towers at Dubai Marina’s Park Island development last month, Emaar Properties has unveiled the third tower – the 24-storey Sanibel Tower.

The peninsula-shaped development consisting of four residential condominium towers, offers upscale community living in an exclusive marina environment.

The ultra-modern one and two-bedroom apartments offer state-of-the-art finishing and technology. The four towers surround a central landscaped island with cascading waterfalls and stepped water features.

Access to the Park Island apartments is by a controlled gatehouse with ramps up to a podium level, where the tower entrances are located including four levels of underground parking. Amenities include retail spaces within the complex, three parks, swimming pool, squash courts, mini-theatre, a health club, gymnasium, games room, four guest bedrooms and a business centre.

Emaar has also unveiled the third and last tower of its three-tower Fairways Clubside Residence – West Tower. Part of the popular Views community, this upscale, high-rise development comprising of one, two and three-bedroom residential suites with spectacular golf course views, has been designed to provide a lifestyle of increased leisure, a vast range of services and high living standards.

The high-rise towers overlook the Emirates Golf Club. A three-level secure car park, garden and swimming pool amenities are located on a separate podium between the buildings and overlooking the golf course. Most apartments enjoy the golf course views or views across the lake. The community also boasts barbecue amenities, 24-hour security, a state-of-the-art gymnasium, delivery access, holding room and a party hall.
Other major residential developments launched by Emaar include the 10-storey Marina Quay North, the last of the three-tower Marina Quays project at Dubai Marina.

The Quay North extends 20 m over the water and offers an innovative waterfront community lifestyle within the Dubai Marina district.
Located on the waters of the Gulf’s largest man-made canal, Marina Quay North is connected to the other two towers by a common podium structure and comprises one, two and three bedroomed apartments that boast panoramic views of the marina waterfront. Situated amidst landscaped gardens and water features, the towers will have easy access to boats, boardwalks, shops, restaurants and the vibrant lifestyle of Dubai Marina.

[Krazy]

Emaar launches Fairfield Tower

Emaar Properties has unveiled Fairfield Tower, the fourth and last tower in Dubai Marina's Park Island development. The peninsula shaped development consisting of four residential condominium towers offers ultra modern one and two bedroom apartments offering high-end finishing and technology. The towers surround a central landscaped island with cascading waterfalls and stepped water features. Sales are by e-registration on the dedicated website www.emaar.com/parkisland until Tuesday July 19.

[Gorilla]

wow, I tried this 3 hours after Krazy's post and the registration was closed!

Are they really that popular, why?

[city of the future]

I wonder, I just wonder if this semi circular plot on the west bank is Park Island?

http://img.photobucket.com/albums/v302/seonnecken/marina_d019.gif
yes it is

[minime]

btw, apparently the other day it was sort of confirmed that if you have bought a house in dubai you dont officialy own it. you own the building, but not the land. Hmm... So this freehold thing turns out to be a bunch of crap afterall?? That will really help to make the bubble explode...

And what about the VISA sponsorship for people who bought a property? Is this also going to be a problem? I can't imagine living in Dubai on a Tourist Visa. If that is the case they can stick their skyscrapers up their .... and I'm out tomorrow. :evil:

[dubaiflo]

you will finally own the land too...but it might take some time again.
the visa will be given to you if you own property actually, and you will get business visa or however it is called if you have a job, right?

[Trances]

Yer these would like more at home across from the Burj Dubai or some thing

[Dubai-Lover]

august 20

http://tinypic.com/avhd3o.jpg

[dubaiflo]

the first tower looks very close to the water...

[city of the future]

should this be U/C now?

[farnush]

emaar does it things so fast ....for example the residences were announced after damac lake terrace and finished b4 it .... i expect this to finish with 40 weeks max

[dubaiflo]

no never. foundation takes 4 to 6 months at least + 25 weeks floors construction + 2-5 months for exterior/ interior and the park around so more than 1,5 year easily.

[Dubai-Lover]

today

http://tinypic.com/dxmk1u.jpg

[Chad]

wow..so remoted from the rest...

[malec]

Isn't jumeirah beach residence right behind it though?

[dubaiflo]

it is close but not right behind it.
actually there is some space.

[DUBAI]

So 6 months piling...

are they rising?

[Dubai-Lover]

nothing happening here :(

[Krazy]

From Emirates Palace today

http://i8.photobucket.com/albums/a8/sahmad/08dc2228.jpg

http://i8.photobucket.com/albums/a8/sahmad/2065e172.jpg

http://i8.photobucket.com/albums/a8/sahmad/3cff4702.jpg

http://i8.photobucket.com/albums/a8/sahmad/eb5d3020.jpg

[dubaiflo]

does not really desverve the name "park" island :D looks ok though. thanks.

[THE DUBAI GUYS]

OMG!!!! :puke::puke::puke::puke::puke::puke::puke:

Its really bad but thanx Krazy for the pics....

R

[thedubailife]

I think the towers are quite nice ok nothing unique or to write home about but they will look good in a cluster just like phase one works quite well.

Thanks for pictures Krazy

[Krazy]

I dont understand what's so disgusting about them for you guys... I too think they look good together

[THE DUBAI GUYS]

DCE picked for Park Island
CONSTRUCTION UAE
14 Jul 2006

Local developer Emaar Properties has awarded the local Dubai Civil Engineering (DCE) the AED 560 million ($152 million) main construction contract on the Park Island development at Dubai Marina. The 24-month contract covers the construction of four residential towers sitting on a four-level podium on a semi-circular plot of land protruding into the marina behind Jumeirah Beach Residence. Two of the towers, Blakely and Sanibel, will have 24 storeys, and the other two, Bonaire and Fairfield, will have 28. The project also includes the construction of three parks, parking areas, a swimming pool, a health club and a business centre. Canada’s NORR Group Consultants International is the consultant (MEED 25:11:06).

R

[mission]

DCE government owned?
They seem to get all the work

[dubaiflo]

Finally :sleepy:

[Clément]

One of the better Emaar designs IMO.

[dubaiflo]

http://i5.tinypic.com/20isyz5.jpg

something going on here finally.

[Krazy]

Today by Imre

http://i7.tinypic.com/219z04m.jpg

http://i7.tinypic.com/219z04h.jpg

http://i7.tinypic.com/219z1w3.jpg

[Stephan23]

18.08.2006 By Imre

http://i7.tinypic.com/24x2q0l.jpg

http://i8.tinypic.com/24x2q0g.jpg

[Stephan23]

03.09.2006 By Imre

http://img87.imageshack.us/img87/6672/img3442lp6.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/9274/img3443oz1.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/467/img3459ca6.jpg (http://imageshack.us)

http://img183.imageshack.us/img183/2172/img3460eq9.jpg (http://imageshack.us)

[detract]

Hi all, I've bought into the Park Island project (wisely/unwisely?), any progress to the holes in the ground?

[Stephan23]

02.11.2006 By Imre

http://img168.imageshack.us/img168/3519/dsc0736pm2.jpg (http://imageshack.us)

http://img227.imageshack.us/img227/3520/dsc0737zk5.jpg (http://imageshack.us)

[detract]

Thanks for the updates Stephan23, cant wait until the start building upwards rather than downwards!

[Omaro]

Kind of slow... Typical though

[farnush]

remember Emaar is the fastest builders in dubai

[Krazy]

From 17th floor of Habtoor Hotel

http://farm1.static.flickr.com/161/356342400_25dd2c4257_b.jpg

[detract]

Thanks for the photo. Now that Emaar are finishing off Marina Promenade maybe the cranes can be moved over to Park Island!

[DUBAI]

remember Emaar is the fastest builders in dubai

Thats a bit of a brash statement!

[Imre]

26/01/2007

Park Islands

http://img442.imageshack.us/img442/9730/photo116gz8.jpg (http://imageshack.us)

[Krazy]

looking forward to these rising... hopefully they will be quick after all the delays like marina quays

[Stephan23]

Finally!! :okay:

[detract]

Agree but would like to see something concrete!

[Krazy]

Feb 2, 2007... finally rising!!

http://farm1.static.flickr.com/162/382174863_00b7cbb7e8_o.jpg

[Imre]

08/Feb/2007

Park Island

http://img329.imageshack.us/img329/1328/photo04sw8.jpg (http://imageshack.us)

http://img329.imageshack.us/img329/9397/photo05xn4.jpg (http://imageshack.us)

[Josau]

Extremely interesting, thanks Imre!

[detract]

Thanks for the update Imre, glad something's happening.

[dubaiflo]

^^ c'mon there has been something happening for a couple of months now. it is rising :)

then again it took them ages to even start construction.

[detract]

true, well they've got until aug 2008 to get my apartment sorted out.

my guess is that the cranes must of come from marina promenade, still if that anything to go by emaar will deliver.

[mission]

No chance for 2008

[detract]

youre probably right based on current projects but heres hoping it wont be too far off!

[Stephan23]

23.02.2007

http://img85.imageshack.us/img85/7349/photo026ws1.jpg (http://imageshack.us)

http://img225.imageshack.us/img225/5273/photo027ab9.th.jpg (http://img225.imageshack.us/my.php?image=photo027ab9.jpg)http://img135.imageshack.us/img135/6175/photo028cg0.th.jpg (http://img135.imageshack.us/my.php?image=photo028cg0.jpg)

[Imre]

27/02/2007

Park Island

http://img407.imageshack.us/img407/4583/photo12pv2.jpg (http://imageshack.us)

http://img441.imageshack.us/img441/5485/photo13sc3.th.jpg (http://img441.imageshack.us/my.php?image=photo13sc3.jpg)

[megatower]

^^ nice night pics

[detract]

Agree its a good spot buts its going to look rather small there. Still less floors means it wont take them too long for them to finish them. 3 floors in about of month means 25 floors in 8 months, theres optimisim for you!!!!

[Stephan23]

09.03.2007

http://img406.imageshack.us/img406/8890/photo135fw6.jpg (http://imageshack.us)

http://img144.imageshack.us/img144/1571/photo134hl4.th.jpg (http://img144.imageshack.us/my.php?image=photo134hl4.jpg)http://img147.imageshack.us/img147/9598/photo136at2.th.jpg (http://img147.imageshack.us/my.php?image=photo136at2.jpg)http://img99.imageshack.us/img99/4166/photo139fy3.th.jpg (http://img99.imageshack.us/my.php?image=photo139fy3.jpg)http://img92.imageshack.us/img92/4291/photo140iu5.th.jpg (http://img92.imageshack.us/my.php?image=photo140iu5.jpg)
http://img99.imageshack.us/img99/1540/photo141nw5.th.jpg (http://img99.imageshack.us/my.php?image=photo141nw5.jpg)http://img147.imageshack.us/img147/4199/photo142kc8.th.jpg (http://img147.imageshack.us/my.php?image=photo142kc8.jpg)http://img81.imageshack.us/img81/4300/photo143hc3.th.jpg (http://img81.imageshack.us/my.php?image=photo143hc3.jpg)

[Krazy]

coming along nicely now... completion late 2009?

[Imre]

13/April/2007

Park Island

http://img144.imageshack.us/img144/6342/photo134ox2.jpg (http://imageshack.us)

http://img139.imageshack.us/img139/1363/photo125tz0.th.jpg (http://img139.imageshack.us/my.php?image=photo125tz0.jpg)http://img151.imageshack.us/img151/5673/photo126qf5.th.jpg (http://img151.imageshack.us/my.php?image=photo126qf5.jpg)http://img185.imageshack.us/img185/7462/photo130ti6.th.jpg (http://img185.imageshack.us/my.php?image=photo130ti6.jpg)http://img151.imageshack.us/img151/63/photo131fr7.th.jpg (http://img151.imageshack.us/my.php?image=photo131fr7.jpg)http://img185.imageshack.us/img185/1573/photo132fh5.th.jpg (http://img185.imageshack.us/my.php?image=photo132fh5.jpg)
http://img138.imageshack.us/img138/6995/photo135cp1.th.jpg (http://img138.imageshack.us/my.php?image=photo135cp1.jpg)

[detract]

Thanks for the update.

Taking shape but have to agree Aug 2008 is looking very suspect.

[Krazy]

^^ i would expect these to be structurally complete by aug 2008 and fully operational by early 09...

[Imre]

27/04/2007

Park Island

http://img412.imageshack.us/img412/4421/imresolt125bv4.jpg (http://imageshack.us)

[detract]

Another 10 more floors on Sanibel (last picture) and I'll be able to see my apartment!

Imre, as always much appreciated for the updates.

[said_aush]

Good pictures !
Can you upload view to Sanibel from opposite bank of marina ?
Thus I need view from Sanibel to the sea.

and what will build between Sanibel and the beach (plot 9A,9C,9D..) ?

[Imre]

04/May/2007

Park Island

http://img45.imageshack.us/img45/169/imresolt174rw5.jpg (http://imageshack.us)

[Imre]

18/May/2007

Park Island

http://img257.imageshack.us/img257/6631/imresolt252lj7.jpg (http://imageshack.us)

http://img152.imageshack.us/img152/3749/imresolt253dx6.jpg (http://imageshack.us)

[detract]

Imre, as always many thanks on the updates.

[glover]

i'm thinking of buying a one bed as a rental investment in the park island. pro and against opinions are welcomed!

[Imre]

23/May/2007

Park Island from Time Place

http://img527.imageshack.us/img527/2656/imresolt041io1.jpg (http://imageshack.us)

http://img248.imageshack.us/img248/8678/imresolt108um3.jpg (http://imageshack.us)

[detract]

awesome shot Imre, I think I might have an apartment with a slither of a sea view (thought not sold on that basis).

As for buying one in Park Island - pros - being built by Emaar and all the fin security that goes with it (however wont stop delays) 2. Emaar tend to build high quality 3. Loaction - walking distance to the sea and JBR with all its proposed shops. Cons - Only 1 and 2 bedroom apartments no penthouse etcs therefore not prestigious building. 2. small only 25 stories, will look small in comparison to JBR and Trident.

[Krazy]

^^ this one will have its own mini cinema/theatre... not too many developments in Dubai Marina will have that

[glover]

^^
and a squash court. the apartment is in the top floors. imre's pictures above just reconfirmed to me that the apartment is going to have both a partial marina and sea view, and some palm view. not bad at all for AED 1,150 per sq ft if you ask me!

[Josau]

Can't believe how quickly they have risen within a month!

[Krazy]

glover, I advice you not to have any hopes of catching any kinda sea views from Park Island.. there will be a bunch of towers right behind including TGR, Royal Oceanic, Habtoor Tower, Skyview and more.. Your best bet for a 1 bedroom is to get a partial marina view with Suites 6 in Bonaire or Fairfield or even a Suite 6 in Sanibel which will give you some marina view. Also try to go for a floor at mid level - for example somewhere around the 10th floor on Bonaire would give you a real nice view of phase 1 and Marina Walk area... not to forget the direct view you'll have of the wonderful pool area

http://i8.photobucket.com/albums/a8/sahmad/08dc2228.jpg

[Krazy]

this is approximately the line of sight between PI and Marina Walk area... as you can estimate, clear marina and pool views for suites 6 in Bonaire

http://i8.photobucket.com/albums/a8/sahmad/2065e172.jpg

[Krazy]

OK I was wrong about getting a clear view of marina walk area.. as you can see here there is the first bay consisting of Roshana Tower and others partially blocking that view

http://img.photobucket.com/albums/v302/seonnecken/marina_d019.gif

but I still think that it's a pretty good view to have

[glover]

^^

Thanks for the advise, but i did extensive onsite research, and here is my conclusion.
i'm going to have a partial sea view from 4 points, and one partial view of the Marina. The apartment is a corner apartment in the top 4 floors of the Fairfield (30 floors) facing the sea.

1. Unless they build something there over 25 floors high covering the whole width of the beach, my sea view is guaranteed there.
2. This view will stay unless the Meridian is rebuilt in a way to take that view away.
3. No worries here, though small
4. Marina view
5. Don't know how this one will work out after all the projects are complete on these plots, but my guess i'll still have some glimpse to the sea from this point.

http://img413.imageshack.us/img413/2315/imresolt041io1me8.jpg (http://imageshack.us)

[detract]

the site to the right of park island will probably be Trident Grand Residence (in between the road and the Meridian) which is 45 or floors high. You can see the foundations being built.

[glover]

^^
Right, but it's not going to block the view in the Fairfield!

http://img460.imageshack.us/img460/5654/vq1kxfqh3.jpg (http://imageshack.us)

http://img114.imageshack.us/img114/6670/9lgwg9ma5.jpg (http://imageshack.us)

[Krazy]

^^ but that sea view is really like looking thru a long telescope with a wall on both sides..

[glover]

not really, my sea view in al-Sahab is like that one, pretty much the same distance to the sea, it still looks awsome, and i am only in the mid floors. the apartment is a semi-round shape corner apartment with glass walls. i peronally would rather have a sea view over a marina view!

[Parkmarrina]

I have bought one bedroom in the Bonire 05 for $972,888
I bought it for the Rental Investment.

What everybody think?
What kind of rental incoming when park island is finish for 1 bedroom
What kind of selling price when it's finish.

[Imre]

huhh 1 bed for $972,888 ??? that is 3.55 million AED...

I think 972,888 AED.

At the moment the rental in those categories 100-130K/year , depemds on the view and level.

Selling price now apr. 1100-1500 AED/sqft.

But difficult to say what will be happening after 1-2 yeras.

[glover]

it's done, bought a one bed today in the Fairfield, 30th floor, suite 4, directly from Emaar. My onsite research, and Imre's pictures (thank you so much Imre), confirmed that a good sea view is almost a certainty. Completion date is dec 2008.

[IISinbadII]

^^ Congratulations. :)

[detract]

Being biased as I've already bought in Sanibel (Suit 5 floor 15), I would say its a good choice so congrats.

Main concern in buying in Dubai was the companies I was dealing with, and whether they would get the building off the ground, comapnies like Lighthouse, Wind Tower JLT worried me. Why I chose buying direct from Emaar.

Park Island- good location (or right location being beach side), easy to get to JBR complex (for 2km of shops), and Marina Mall will be fairly close.

Rental - well yields are still good but not sure if that will last? time will tell

[Imre]

it's done, bought a one bed today in the Fairfield, 30th floor, suite 4, directly from Emaar. My onsite research, and Imre's pictures (thank you so much Imre), confirmed that a good sea view is almost a certainty. Completion date is dec 2008.


welcome and congratulations:)

[glover]

Cons - Only 1 and 2 bedroom apartments no penthouse etcs therefore not prestigious building.

the sales rep told me there are penthouses in the Park Island. She hereself sold one of them! They are on the 31 floor in the Fairfield and Bonaire!

[detract]

Ahh so it must be no penthouses in Sanibel!

But good news that there are penthouses in Park Island, just makes it more of a decent and prestigious development.

[Krazy]

congratulations glover!

[glover]

Thanks guys.

Ahh so it must be no penthouses in Sanibel!

But good news that there are penthouses in Park Island, just makes it more of a decent and prestigious development.

the one she sold is actually in the Blakely, so i guess all of them have penthouses. i believe they are all 3 bedrooms plus maid room!

How much did you pay for your place if i may ask! i paid 1.16m, 909 sqft with the balcony.

[detract]

Good news I bought mine last June a 709sq ft 1 bedroom (the smallest) no balcony, paid 811k.

[detract]

Glover, Suite 04 30th floor sounds great. Looking at the Emaar webiste floor plan, the room size looks good. i might regret not getting a balcony in mine!

[glover]

^^

the best thing i like about the layout of suite 4 in the Fairfield and the Bonaire is that they have kitchen islands instead of breakfast bar. never seen that yet in any of Emaar's or other developers layouts!

[detract]

Got to agree, nice layout and typically spacious. One thing you've got to love about DM projects is the amount of space you get. In London 709sq ft would constitute a 2 bedroom apartment!

[Imre]

15/June/2007

Park Island

http://img263.imageshack.us/img263/4182/imresolt153fa5.jpg (http://imageshack.us)

http://img507.imageshack.us/img507/1826/imresolt154te1.jpg (http://imageshack.us)

http://img263.imageshack.us/img263/3395/imresolt155mk3.jpg (http://imageshack.us)

[detract]

Imre, as always extremely grateful for being our eyes on the ground!

Cheers!!

3 more floors and I think I should be able to see my apartment.

[Insane alex]

Nice progress!

[Imre]

23/June/2007

Park Island from JBR

http://img504.imageshack.us/img504/1912/imresolt070gx3.jpg (http://imageshack.us)

http://img504.imageshack.us/img504/3395/imresolt097jw5.jpg (http://imageshack.us)

[detract]

Cheers Imre, much appreciated.

Looks like Park Island going to be dwarfed by JBR judging from the angle!

[Doctor_UK]

glover and detract ... since you have done the most research on park islands... please help

i have been offered a bonaire 1BR apt 1506... 739sq.ft {which acc to emmar site is 796 with balcony}

selling price 938176aed. and total price 969733aed {including agency and transfer fees}.

is it a good buy?

and why the hell is there a significant gap b/w selling and the total price. how can i avoid it??


....

[glover]

^^ i see suite 6, 15th floor in the bonaire at 1200 AED/sqft as a very good buy. you almost get a full marina view in that suite. imo, that part of the marina will end up being the best and most sought after giving all the 5 star hotels around there and proximity to JBR's shopping blvd and the beach.

if i can get financing in dubai, i would jump on deals like this.

the difference between the selling price and total price sounds steep. can you break it down!

[Doctor_UK]

thanks for the input glover... much appreciated

about the difference b/w selling and total price, uptill now all i know is that its the transfer fees and agency fees 1%. :bash:

how can i avoid the transfer fees? anyone from you guys selling ur apartment in MP or park island ? so that i can avoid the agency fees as well:)



//

[glover]

you cannot avoid the transfer fee. that's the only way to register the property under your name at emaar.

my investment in park island is long term, 7-10 years! will use it for rental income.

[detract]

Hi Doctor UK.

Have to agree with what Glover is saying!

Well if you can accept that I will be biased towards Park Island then I think Bonaire its a good buy with its Marina view.

Main concern initially in buying in Dubai was the developers. I was buying when the Lighthouse Building debacle was going on (and still is) so wanted to avoid buying from a developer I had no idea about.Emaar have delivered (albeit late on some developments) and being the master developer for Dubai Marina ensures it has clout with its projects. I was hearing stories that smaller developers were having difficulties sourcing cranes machinery etc, not a problem if youre one of the big boys like Emaar is.

So far Emaars developments look good (I personally feel that JBR looks too one dimensional and is an uninspiring design), grabted there are some nicer designs in DM.

Youre buying a property in my mind the "right" side of the Marina which is beach side and walking distance and away from SZR, JBR is extremely close (with its soon to be 2km of shops/restaurants), and 2 hotels (Le Merdian and Ritz Carlton). Its also the "right" end (the other end of the marina is an eyesore of a power station). Finally close to Dubai Marina mall. Okay further away from SZR and the new metro station but I think you'll be slap bang in the middle of the best part of Dubai Marina (remember location, location, location).

Hope this helps in making your mind up.

[glover]

you also have grosvenor house and al habtoor hotels in that area. there will also be al habtoor tower, a 40-floor commercial/Office space tower, and grosvenor house is also building another tower that will include commercial/office space i believe.

[Doctor_UK]

detract and glover... thanks a lot... you've made my job easier.

there is nothing as valuable as experience. and the great thing about this forum is that everyone is ready and out there to share his/her experiences...


...

[detract]

One last thing Doctor UK, have you spoken to the Emaar Sales Office, as I believe they still have afew places available for Park Island?

[Krazy]

I agree PI is a great project to invest your money in... but anyone who says one end of the marina is better than the other doesn't really know what they are talking about

[Parkmarrina]

Doctor_UK I have i condo in Bonaire 2205. with Marrina view maybe a bit of sea view as well. you can go to there web site and look at the map. I'm thinking to sell it. you offer me a price. i have paid 972,888 about 18 Month ago.

[Parkmarrina]

Doctor_UK I have i condo in Bonaire 2205. with Marrina view maybe a bit of sea view as well. you can go to there web site and look at the map. I'm thinking to sell it. you offer me a price. i have paid 972,888 about 18 Month ago.

[glover]

I agree PI is a great project to invest your money in... but anyone who says one end of the marina is better than the other doesn't really know what they are talking about

disagree, anyone who says all sides of the marina are equal does not know what he is talking about. i have been living in the marina now for one year and it's clear to me that the upper marina is better than the lower marina, and the JBR side marina is better than SZR marina. in general, the closer you are to phase 1 marina, the better it is.

here is a quote from a story published in Property Weekly today:

"They [prices] vary from developer to developer, apartment to apartment. Facilities and luxuries within a tower and even maintenance fee of a tower is a factor in consideration," says Amr Solaiman, Residential Manager at Coldwell Banker.

There are six districts within Dubai Marina — pink, red, orange, green, yellow and blue. Red and green are rated as the plum spots and seem to enjoy the highest premiums.

"There will always be pockets in the development which will command premium,” adds Solaiman.

“Demand for them will never end. The circle around Grosvenor House will always be a Singapore Bay or Champs-Elysees of Dubai. The others areas will suffer because of JBR's clutter."

[DukeDilly]

Hi,

Needed a little advice...
Am getting a deal on a 1 bed (962 sq ft) at Fairfield. Its type 5...on the 20th something floor with a Marina view.
Selling Price is AED 1,050,000. I was told its a very good price and that its a distress sale at only 5% premium. Is it a good buy??

The reason I am keen on this is coz its Emaar and quality will be good. However, I am also like the JBR coz they have a sea view

Any thoughts guys? Much appreciated. Cheers

[Krazy]

Hi,

Needed a little advice...
Am getting a deal on a 1 bed (962 sq ft) at Fairfield. Its type 5...on the 20th something floor with a Marina view.
Selling Price is AED 1,050,000. I was told its a very good price and that its a distress sale at only 5% premium. Is it a good buy??

The reason I am keen on this is coz its Emaar and quality will be good. However, I am also like the JBR coz they have a sea view

Any thoughts guys? Much appreciated. Cheers


Go for JBR if you can afford it.. number of reasons:

1. Beachfront property... you will have access to beach clubs
2. Seems to me you're being offered sea facing unit in JBR.. if it's on a high floor, it's one of the most valuable units in Dubai
3. It's completed and you can start using it NOW.. no waiting game
4. After seeing recent pics of JBR by Imre, I am convinced of great quality at JBR. so no surprises there

[Imre]

yes JBR is better deal now , I think...

I went to the JBR sales center yesterday, they have lots of apartment for sale.
1 bed starts from 1.15 M , 2 bed 1.37 M , 3 bed 1.93M ( low floors , marina view)

[True Blue]

Couple of points,

Proximity to marina phase 1 is important now as its the only place you can shop, eat etc. When the marina island retail and food outlets get going, no one from the beach zone is going to be bothered with the phase 1 area. I predict there will be more traffic trouble towards the Grovenor house area and much quieter more peacefull towards the Sheraton area. Therefore there is a market for each end which will balance out.

JBR beach clubs;
I noted in the last layout of the beach clubs that the largest will be a Beach Park. That suggest that it will be open to everyone, possibly for an admission fee but you should not have to pay annual membership. I still beleive it will be beach access for all. If you want to pay extra for the private club, so be it.

[glover]

i am mostly referring to the poshness factor. phase one still looks the most upscale in the marina, and when all the developments are done in the Grosvenor House area, this area will be the most upscale looking in the marina imo.

look at prices of ROYAL OCEANIC and TGR n the secondary market. 2beds are already going above 2m and the projects are at least 2 years away from completion. phase one prices are also expensive compared to other areas in the marina, average 2.5m for a 2 bed.

i think the second best area in terms of poshness will be the Marina Mall block.

[Krazy]

^^ Dont even talk about RO and think for one second that just because some crazy agents are advertising its units for 2 million means that they are moving.. I invested in RO last year and it was the biggest mistake I've made, we somehow managed to get out of it at zero premium more than 6 months after we made the purchase.. complete nightmare. Moral of the story: location matters, but in Dubai the developer matters more.

[Dubai Freak]

Krazy wrote:
Moral of the story: location matters, but in Dubai the developer matters more.

I agree with this statement 100%

[IISinbadII]

Hi,

Needed a little advice...
Am getting a deal on a 1 bed (962 sq ft) at Fairfield. Its type 5...on the 20th something floor with a Marina view.
Selling Price is AED 1,050,000. I was told its a very good price and that its a distress sale at only 5% premium. Is it a good buy??

The reason I am keen on this is coz its Emaar and quality will be good. However, I am also like the JBR coz they have a sea view

Any thoughts guys? Much appreciated. Cheers

I dont think that you can get JBR with Sea View for that price.

You can ask your agent to fax you a copy of the original sales contract. They will cut out the owners name/address etc and provide you a copy. It will show the unit number, apt. area and the original sales price. You can calculate how much premium they are asking.

Also you MUST vist Emaar Sales Office to see what they have to offer. This way you could save on agent ant transfer fees, etc. While you are there get a copy of the Fairfield booklet. That will give you more idea on the view of the apartment

[IISinbadII]

Krazy wrote:

Moral of the story: location matters, but in Dubai the developer matters more.

I agree with this statement 100%

Does that mean I should change my Signature to "Location! Location! Emaar!" :D

[IISinbadII]

Proximity to marina phase 1 is important now as its the only place you can shop, eat etc. When the marina island retail and food outlets get going, no one from the beach zone is going to be bothered with the phase 1 area. I predict there will be more traffic trouble towards the Grovenor house area and much quieter more peacefull towards the Sheraton area. Therefore there is a market for each end which will balance out.


^^ I sincerely hope so.

[Imre]

29/June/2007

Park Island

http://img407.imageshack.us/img407/5130/imresolt119gn8.jpg (http://imageshack.us)

http://img171.imageshack.us/img171/3804/imresolt120ix1.jpg (http://imageshack.us)

http://img243.imageshack.us/img243/7313/imresolt121gn0.th.jpg (http://img243.imageshack.us/my.php?image=imresolt121gn0.jpg)http://img171.imageshack.us/img171/8822/imresolt122jk4.th.jpg (http://img171.imageshack.us/my.php?image=imresolt122jk4.jpg)http://img329.imageshack.us/img329/8774/imresolt123gd0.th.jpg (http://img329.imageshack.us/my.php?image=imresolt123gd0.jpg)http://img171.imageshack.us/img171/6708/imresolt124jt9.th.jpg (http://img171.imageshack.us/my.php?image=imresolt124jt9.jpg)http://img407.imageshack.us/img407/4972/imresolt125md7.th.jpg (http://img407.imageshack.us/my.php?image=imresolt125md7.jpg)http://img101.imageshack.us/img101/3274/imresolt127vg0.th.jpg (http://img101.imageshack.us/my.php?image=imresolt127vg0.jpg)

[detract]

Krazy wrote:


I agree with this statement 100%

hear hear!

[detract]

I dont think that you can get JBR with Sea View for that price.

You can ask your agent to fax you a copy of the original sales contract. They will cut out the owners name/address etc and provide you a copy. It will show the unit number, apt. area and the original sales price. You can calculate how much premium they are asking.

Also you MUST vist Emaar Sales Office to see what they have to offer. This way you could save on agent ant transfer fees, etc. While you are there get a copy of the Fairfield booklet. That will give you more idea on the view of the apartment

Agree , bought mine by trawling through all the available units with the Emaar sales agent at the Emaar Sales Office. 3 weeks to get the contract after downpayment, so quite speedy.

[Doctor_UK]

to parkmarrina....

hi i sent you a private message 2 days ago through this forum. have you received it or not?

[Parkmarrina]

To, Doctor_UK

Yes i have just reply to your msg.

thank you.

[Morrismarina]

^^ Dont even talk about RO and think for one second that just because some crazy agents are advertising its units for 2 million means that they are moving.. I invested in RO last year and it was the biggest mistake I've made, we somehow managed to get out of it at zero premium more than 6 months after we made the purchase.. complete nightmare. Moral of the story: location matters, but in Dubai the developer matters more.


Hi Krazy, what problems did you encounter with RO then ??

[jeetha]

Lucky you did, Krazy.
RO been taken over by DS

[Krazy]

Hi Krazy, what problems did you encounter with RO then ??

Rushed decision, zero communication between developer and buyers, racist arrogant fuckers working at Amlak, zero construction activity for 15 months, horrible payment plan - not for the weak hearted.

[Imre]

06/July/2007

Park Island

http://img213.imageshack.us/img213/7567/imresolt147ob2.jpg (http://imageshack.us)

http://img254.imageshack.us/img254/450/imresolt146lf0.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/4443/imresolt149tj0.jpg (http://imageshack.us)

[david]

For me, the area around le royal meridian is location number 1, its got the lot all within walking distance, really glad i did not buy on the palm, I thought it was shaping up to be soulless and a car journey to where it all happens.
Great view of the area from Grosvenor hotel bar 44.

[glover]

^^^ where did you buy then!

with Roshana tower becoming Dusit Residence, we now have 5 hotels around the roundabout area, Grosvenor House, the Meridian, the Ritz, al-Habtoor, and Dusit. With all the food & beverage and entertainment outlets these hotels offer, this spot is destined to become one of the hottest in the marina.

[david]

^^^ where did you buy then!

with Roshana tower becoming Dusit Residence, we now have 5 hotels around the roundabout area, Grosvenor House, the Meridian, the Ritz, al-Habtoor, and Dusit. With all the food & beverage and entertainment outlets these hotels offer, this spot is destined to become one of the hottest in the marina.

I bought at JBR,
Yup, I am on the same wavelength as you

[Doctor_UK]

hi parkmarrina

i have re-sent you a private message. please respond

thanks


...

[Imre]

20/July/2007

Park Island

http://img264.imageshack.us/img264/6366/imresolt051gt0.jpg (http://imageshack.us)

[carpetking]

^^good progress over the last 6 month :)

[detract]

Agree, solid progress cheers Imre.

BTW this may sound like a stupid general question but why are most of the buildings light brown in colour? Is it to do with sandstorms or something?

[Finetune]

Does anyone know what will be built to the left and right side of Park Island ?

[Imre]

from left , the Shahla Tower

http://www.skyscrapercity.com/showthread.php?t=320477&page=2

from right , we dont know yet , that plot using now the bridge workers , I think when the bridge is ready will start something there.

[googly]

The 1 beds available from Emaar currently are in Sanibel Tower. Price is 1300/sq ft. Seems high, no?

BTW, Completion date is 31 december 2008, which makes sense.

[glover]

wow, just over 6 weeks ago, before they started their press and online ads advertising the remaining units in their Marina developments, i was offered at least 10-15 one-beds in the Park Island!

How many are available in the Sanibel! do you know!

[Imre]

from left , the Shahla Tower

http://www.skyscrapercity.com/showthread.php?t=320477&page=2

from right , we dont know yet , that plot using now the bridge workers , I think when the bridge is ready will start something there.



from right Marina Diamond 8, I heard that today , will start on September.

[googly]

wow, just over 6 weeks ago, before they started their press and online ads advertising the remaining units in their Marina developments, i was offered at least 10-15 one-beds in the Park Island!

How many are available in the Sanibel! do you know!

I think Emaar works in mysterious ways. Just last week they told me they had NO 1 b/r apts left in the Marina. Now they are advertising them in the newspaper!

I am being offered three 1 b/r apts in Sanibel Tower on the top floors. Price is upward of 1.2M for 06 and 05 suites. 01 suite is the cheapest since it has no balcony and no marina view. I am assuming there is little or no sea view since JBR is right behind Sanibel.

Glover, how much did you pay for your apt and which building/floor/suite is it? Please let me know for comparison, unless its a secret! :lol: Thanks.

[glover]

^^^^ Fairfield Floor 30, suite 4, 872 sqft plus 37 sqft balcony for AED 1,160,888

in Sanibel, Suite 1 & 6 do have balconies, but 5 doesn't. you get some sea view with 6 and some marina view with 1. i was offered suite 5 for 860,888 seven weeks ago, but didn't take it, almost blocked by JBR and no balcony.

i guess they are almost sold out, that's why their prices have spiked since i bought my suite 4!

[googly]

^^^^ Fairfield Floor 30, suite 4, 872 sqft plus 37 sqft balcony for AED 1,160,888

in Sanibel, Suite 1 & 6 do have balconies, but 5 doesn't. you get some sea view with 6 and some marina view with 1. i was offered suite 5 for 860,888 seven weeks ago, but didn't take it, almost blocked by JBR and no balcony.

i guess they are almost sold out, that's why their prices have spiked since i bought my suite 4!

Thanks Glover for the info. I have been offered Sanibel Floor 24, suite 6 for 1,200,079 (i wonder why there are no 888's in the end) and suite 1 for approx 1.3M. Suite 5 is for approx. 900K. You are right that Suite 5 has no balcony, but Suite 6 has a clear Marina View according to Emaar. There are no buildings between Sanibel and the Marina.

I dont think the prices have spiked; the rise is 4-5%. However, my concern is that at 1300/sq ft, and with 1.5 years left till handover, is this a good buy? You can buy a completed unit in the marina for less than 1300/sq ft, no?

[Grubbman]

Imagine what your 1300 per sq ft is going to be worth when this project is finished, its in a very good location and if you have a marina view its a no brainer. Buy and enjoy!!

[glover]

the reason i said "spiked" is because Emaar had an ad yesterday listing the cheapest Park Island apartment for AED 1,011,888 and thought that would be suite 5. if that's the case, that would be a 15% rise over the 860,888 i was offered just a couple of months ago!

i think that's a great buy for that location. especially now that we know a seven star hotel will be built at the tip of the entrance of the marina as part of Nakheel's Dubai Promenade project (next to al habtoor hotel and up)

[Parkmarrina]

Glover. Do you know which paper they have place the add for a Apartment AED 1,011,888 and which # and the which floor they are on.
I have check with Emaar. they only have some in Sanibel 1BR. Price they are asking is 1300 sq/ft. and 2 BR they are asking 1.75 M. which is about 30% over the first launch prices.

[Krazy]

progress in one year:

July 2006
http://i7.tinypic.com/219z04m.jpg


July 2007
http://img264.imageshack.us/img264/6366/imresolt051gt0.jpg

[glover]

Imre posted this ad, published in Gulf News July 19 & 20, on another thread.

http://img187.imageshack.us/img187/1330/save0014mb4wi0.jpg (http://imageshack.us)
Shot at 2007-07-22

[Finetune]

Googly, where did the completion date for Park Island of December 2008 come from?

[googly]

the reason i said "spiked" is because Emaar had an ad yesterday listing the cheapest Park Island apartment for AED 1,011,888 and thought that would be suite 5. if that's the case, that would be a 15% rise over the 860,888 i was offered just a couple of months ago!

i think that's a great buy for that location. especially now that we know a seven star hotel will be built at the tip of the entrance of the marina as part of Nakheel's Dubai Promenade project (next to al habtoor hotel and up)

The 1011888 apt is indeed suite 5 but its on the 24th floor. The one you are mentioning is perhaps on the lower floors. If not, then you are right about the spike.

[googly]

Googly, where did the completion date for Park Island of December 2008 come from?

From Emaar directly.

[Krazy]

Dec 2008 seems to be right completion date estimate

[Finetune]

Thanks for the info Googly and Krazy, I'm buying a unit in Bonair, floorplan 2 middle of the tower, my contract states completion in July 2008. Does anyone know what is Emaar's policy on late delivery?

[glover]

^^^ that's the old completion date. my guess is that you are buying yours from the resale market. that date has been updated since. i bought my place about 2 months ago from Emaar, they had Dec. 2008 as the completion date in the contract.

[detract]

My contract date states completion for Aug 2008 for Sanibel when I bought last July.

[googly]

My contract date states completion for Aug 2008 for Sanibel when I bought last July.

This means that Emaar has delayed its completion date by 4 months. They should have the courtesy to inform their buyers about this. I wonder if they will delay further.

[glover]

^^^ from construction progress on the ground, it looks like Dec 2008 will be it!

[detract]

Like every project in Dubai Marina, expect delays. I even expect more delays with rising costs, possible shortage of labour and materials. most property company's profit margins must now be being squeezed.

[Finetune]

^^^ that's the old completion date. my guess is that you are buying yours from the resale market. that date has been updated since. i bought my place about 2 months ago from Emaar, they had Dec. 2008 as the completion date in the contract.

I bought the place off plan in December 2005 when the Emaar sales office was at the Marina, I'm wondering is there any legal recourse for late delivery? I can't recall the contract terms and have not access to my contract at the moment.

[glover]

you said "I'm buying a unit in Bonair", not bought a unit! July 2008 is the old completion date!

[Finetune]

Sorry, I should have said that I entered into a purchase agreement with Emaar for delivery in July 2008. Is there a late delivery clause in the contract ?

[googly]

Like every project in Dubai Marina, expect delays. I even expect more delays with rising costs, possible shortage of labour and materials. most property company's profit margins must now be being squeezed.

The delay is specially bad for those people who bought into this project at the outset and have paid close to 80% of the price. Now they must wait for another 18 months (at least) before they can get their units. :(

I guess Emaar too is not immune from delays. I hope they compensate for the delay.

[Urbanboy]

Its great to see the construction progress. The project is going up really quickly now!

[Imre]

03/Aug/2007

Park Island

http://img178.imageshack.us/img178/962/imresolt041mp5.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/8738/imresolt043dk2.jpg (http://imageshack.us)

[Imre]

17/Aug/2007

Park Island

http://img249.imageshack.us/img249/4724/imresolt042il5.jpg (http://imageshack.us)

http://img165.imageshack.us/img165/4568/imresolt143as7.jpg (http://imageshack.us)

[detract]

Imre many thanks for the update.

Good progress, looks like 2 floors have been added since 3 Aug. So with roughly 10 more floors another 10 weeks before topping out?

[Krazy]

over the half way mark!

[TowerPower]

Nows when they start on the island.

[said_aush]

Where will be nearest metro station ?
Best regards.

[carpetking]

Where will be nearest metro station ?
Best regards.


I think Jumeirah Lake Towers,across the Sheikh Zayed Road :)

[said_aush]

I'd like to see any photo this place ...

[googly]

I think Jumeirah Lake Towers,across the Sheikh Zayed Road :)

How are you supposed to cross SZR to get to the metro?

[malec]

All metro stations on SZR will have footbridges to cross the road

[googly]

All metro stations on SZR will have footbridges to cross the road

Good. It will be a really long walk though. :(

[said_aush]

500m....1000m....1500m....

[jeetha]

Some one told me, it will be air-con, not sure - if they were pulling my leg.

[Imre]

31/Aug/2007

Park Island

http://img117.imageshack.us/img117/3071/imresolt059bn0.jpg (http://imageshack.us)

http://img127.imageshack.us/img127/784/imresolt091xd1.jpg (http://imageshack.us)

[detract]

coming along nicely, and the cladding looks great.
cheers Imre.

[Parkmarrina]

Thanks Imre agian for the update pictures on the parkisland.

[googly]

I am amazed at the speed. I cant figure out why it will take another 16 months to finish? I would think it could be done in 8 months MAX!:cheers:

[Krazy]

^^ it's the same with Marina Promenade. Emaar has started a new trend in Dubai - giving over pessimistic completion dates to keep customers satisfied. Better to be over negative than over optimistic IMO.

[googly]

^^ it's the same with Marina Promenade. Emaar has started a new trend in Dubai - giving over pessimistic completion dates to keep customers satisfied. Better to be over negative than over optimistic IMO.

I think you are right. The downside of this is that if they complete before time, then they would have had to invest from their own pockets as investors payments would come in later. But since Emaar has its pockets full, they probably dont give a damn. :lol:

[rexdmx]

^^ it kinda makes strategic sense and would cement their reputation anyway...:lol:

[Krazy]

I think you are right. The downside of this is that if they complete before time, then they would have had to invest from their own pockets as investors payments would come in later. But since Emaar has its pockets full, they probably dont give a damn. :lol:

like you pointed out, delaying one payment of about 20% by a month or two is no biggie for Emaar

[Imre]

07/Sept/2007

Park Island


http://img524.imageshack.us/img524/489/imresolt106on5.jpg (http://imageshack.us)

http://img524.imageshack.us/img524/5144/imresolt030gy5.jpg (http://imageshack.us)

[Parkmarrina]

work is going on speed. maybe it will be ready be july, 07 :)

[Tag_one]

^^ uhhm maybe it's me but this year is 2007, isn't it? :lol:
I don't think it will be ready before 2009, after the towers they'll still need to build a base, which will take at least 6 to 9 months. btw, nice to see this tower has insulation materials

[Imre]

Q1 2009 is realistic, 2008 is difficult I think.

[TowerPower]

flickr

http://farm2.static.flickr.com/1070/1346358907_dd0af1cbe0_b.jpg

http://farm2.static.flickr.com/1070/1346358907_2b33a55304_o.jpg

[AltinD]

http://www.buenck.fehse.com/projects/residential/files/page9-1015-full.jpg

From: www.buenck.fehse.com

[Parkmarrina]

Completion Date for the Parkisland is July 15, 2008
Is any body read sale contract.

I have got this from MARINA DIAMOND.

"Today's reply

Apologies for the delay in replying to you. Further to your enquiry below, kindly note the calculation for your compensation below:

Projected completion date as per contract: 31 March 2007
Date of Completion as per Completion Certificate: 13 September 2007
Force Majeure: 2 months deductable due to the "Summer Working Restrictions" (as per Article 16 of the Sales Contract)
Total months of compensation to be paid: 3.5 months
Rate of compensation: 0.5% of total paid at projected time of completion (as per Article 13 in the Sales Contract)


Kindly note that this amount is not deductable from your final payments as all payments must be made in full together with the maintenance fee in order for the compensation to be paid (also refer to Article 16.2 and Article 9 of the Sales Contract). Note that the "sumer working restrictions" is still valid as the law came into effect only after the construction started in 2005. 1 Month has been calculated per year for the these restrictions.

I trust that you will find the above in order. You will be contacted shortly for the orientation of your apartment.

Thank you and Best regards,

Anel-Carline
Customer Relationship Manager"

[Tag_one]

^^ 2008 :lol:
This won't be completed before 2009.

[Imre]

yes, 2009 is more realistic.

20/Sept/2007

Park Island

http://img381.imageshack.us/img381/3889/imresolt043mr4.jpg (http://imageshack.us)

[Krazy]

DCE seems to be building just abt everything in marina

[googly]

Completion Date for the Parkisland is July 15, 2008
Is any body read sale contract.


Completion date is 31 Dec 2008 as per Emaar contract. I think it should be completed by then even though it seems they can finish earlier (read earlier comments below).

[Parkmarrina]

Completion date is 15 June 2008 as my Emaar contract.

[Tag_one]

^^ don't think so, or they'll handover the appartments while the site is half finnished. When the towers are finnished they'll still need to build the villa blocks between the towers. That will take some months too if it's being done in the same speed as MP.

[Krazy]

^^ different contractors.. this might be quicker than MP

[True Blue]

^^ Krazy, you must be crazy. This is DCE we are talking about. Here is a list of some of their other fast track projects;

The Point
Marina Quays
The Torch

None of the above have broken any records for efficiency or speed. :ohno:

[googly]

Completion date is 15 June 2008 as my Emaar contract.

That was the old completion date. The latest one is 31 Dec 2008, as per new Emaar contracts. BTW, you can confirm this by calling or emailing Emaar.

However, if you look at the speed of work, it would seem that they should be done by 15 June 2008. However, the speed might slow down. It would be good to know from Emaar directly why they have delayed their completion date by six months!

[bizzybonita]

http://img209.imageshack.us/img209/540/05102007385ag3.jpg

[dboy]

Thanks Bizzy-bonita for the picture, would it be possible to post a recent picture.

Cheers

[Doctor_UK]

i have managed to buy fairfield 2405. it was not as straight forward as i thought. i have listed the reasons in the investment thread so that everyone can learn from a few mishaps that i had.

i got it for 1.12 million AED (all inclusive) through gowealhy. it's area (inc. balcony) is 962 sqft so it comes out as 1160 AED/sqft. the deal was through 2.5 months back. i think i had a good deal as it was a distressed sale.

i am giving a few points below which may help you all in decision making if you are interested in buying in marina

REASONS TO BUY IN PARK ISLAND:

1. emaar - reliable, good quality, not too much delays, good resale value

2. completion in 12-18 months time - so good potential for capital appreciation and not too far away from it

3. phase 1 end of marina (i feel it's a more happening end of marina)

4. good proximity to the tallest block on one side and jbr beach clubs/ beach and marina mall on the other side.

5. once the new bridge is complete, it will gve a quick access to the szr and the ?metro station


REASONS TO BUY FAIRFIELD 2405:

1. because of the angulation of the building, 05 apartments have an almost full marina view and a very good sea view (as proven by glover earlier in the thread) - i have been onsite and i agree comletely

2. 24th floor gives a good height for the birds eye view for the whole marina as well as marina water itself.

3. i am hopeful that i will probably get a glimpse of the promenade doughnut (bonus if i do)






....

[glover]

congrats Doctor uk. definetly a great deal. the lowest price i was able to find now in Park Island is over 1.18m, and it is on the first floor.

most one beds are going for 1.25m and above in Park Island today. I can really see these apartments going above 1.4m by completion. I bumped into my Emaar agent the other day and she said that one beds are in very high demand in the Marina. They have only two left in Park Island and they are selling them above 1.7m.

[Doctor_UK]

thanks glover

i must say that your prior research helped me a lot. do you think we will be able to catch a glimpse of the dubai promenade doughnut after trident grand residence and habtoor buildings are fully constructed???

[mackie1964]

^^ Great deal, well done and congrats :cheers:

[glover]

al-habtoor is out of the way and will not block the view. the long platform design in TGR has created a big size gap giving a decent view to the sea/palm/doughnut from the Fairfield. The only unknown now is the plot right next to DEWA building. this could definitely affect the Fairfield's view, but maybe more so on unit 5 than 4, and depending on where the doughnut is going to be built excatley!

[detract]

congrats Doctor_UK good choice. I've got a one bedroom in Sanibel and the reasons why I bought in Park Island are similar to yours. Also remember that JBR will have "The Walk" a long strips of shops/cafe along the beach front.

This should be literally around the corner for Park Island.


http://www.uaepropertytrends.com/ptrends/mvnforum/viewthread?thread=2320

[Doctor_UK]

thanks mackie and detract...

emaar is constantly improving its construction quality... so we can expect good quality as well... being at par with MP or perhaps better... only time will tell...



..

[dboy]

Hi all,

Any one explored the views from PA/FF and i was wondering if there would a view of the marina (boat berth) and promonade from that window, it seems possible from the picture i found for the model in emaar's office and the site plan but i'm not sure/.

best of luck to all.:banana:

[Doctor_UK]

^^ you will have a full unobstructed marina view and it will comprise of bulidings like time place, marina view towers, jlt buildngs and possibly marina mall if you are lucky. but you will not be able to view promenade from there.

overall, its a very good unit for both residential as well as investment purposes :) .



..

[IISinbadII]

congrats Doctor uk. definetly a great deal. the lowest price i was able to find now in Park Island is over 1.18m, and it is on the first floor.

most one beds are going for 1.25m and above in Park Island today. I can really see these apartments going above 1.4m by completion. I bumped into my Emaar agent the other day and she said that one beds are in very high demand in the Marina. They have only two left in Park Island and they are selling them above 1.7m.

What are the prices for 2 BR with full marina view? Thanks.

[glover]

from emaar!!! do't think any are available with full marina view!

[IISinbadII]

^^ May be nothing now, but the way Emaar works I am sure they must have kept units for sale at a premium on a later date.
But what about the secondary market?

[rexdmx]

What are the prices for 2 BR with full marina view? Thanks.

i reckon close to 2 million but not more since promenade is around 2.2mil and is almost complete...

[glover]

i found two beds listed with Better Homes above 2.17m. not sure if they have full marina view.

[Imre]

18/October/2007

Dubai Marina and Park Island

http://img178.imageshack.us/img178/8223/imresolt088bq0.jpg (http://imageshack.us)

http://img89.imageshack.us/img89/6188/imresolt089vr7.jpg (http://imageshack.us)

[Doctor_UK]

wow

what an update imre... its incredible...:nuts:

park island going skywards... despite of ramadan and eid, there has been good peogress...:)




...

[detract]

superb progress, hopefully justifies going with Emaar, esp when you hear of grand developments which are still holes in the ground.

[dboy]

Many thanks Doctor UK for the information, very helpful indeed.
I just got back from Dubai. I noticed some windows in the lower floor of sanibel were being installed (great progress), however i was not sure about the chrome windows frame.

Cheers

[dboy]

I saw the same offering from better homes (2br). Indeed It's for a 01 unit not sure what floor, but those do offer a full marina view.

[dboy]

i found two beds listed with Better Homes above 2.17m. not sure if they have full marina view.

I saw the same offering at better homes. It's for a 01 unit not sure what floor, but those do offer a full marina view.