Project: Arabian Crowne
Location: City of Arabia
Floor Count: 45
Type: ?
Height: ?
Status: Approved
Construction start: ?
Construction end: ?

http://www.imagestation.com/picture/sraid174/p8fe6f2e1c71d25b995096b8e39f8a407/f39f7d0c.jpg

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Not sure if I'm allowed to start threads etc...but I just got an email promoting the Arabian Crowne, a 45 storey tower in the City of Arabia.

The Tareq Bin Laden Group bought the tower plot and is constructing it, and the project is being headed by its subsidiary called Middle East Developments.

As soon as I have more info I'll post it, unless DL or the others have something on this.

Its a nice plot location though, basically going to be ready in the first phase of COA.

You are definitely allowed to start threads if the same thread doesn't exist already.

Do you know if this one is purely residential? Is it a part of Elite Towers? Any chance of getting a render, height or any other details?

must be part of the elite towers!
all of them are added, we just have to change the name on emporis

looking forward to see a render
the first tower, img tower really impressed me! :)

http://www.imagestation.com/picture/sraid174/p8fe6f2e1c71d25b995096b8e39f8a407/f39f7d0c.jpg

looks like the marina heights with mag 218s colours... ;)
thanks.

not bad
i hope all these zillions of towers will be launched officially
so that we can be sure they will be built
otherwise it will be hard to handle all this and almost impossible to keep a organized overview

it is already impossible to handle that .... look in media cities section. all the unnamed stuff ...

I love that tower! It looks even better then Marina View.

Thanks for the render butterfly, added to the first post. Any chance of getting any more info on this one?

even better than marina view :hahaha:
is marina view your favourite tower?

That's all I know so far, sorry guys...

^^I was only commenting on your comparison of this tower with marina view. It definatly is not my favorite tower.

but i compared it to marina heights , with the colours of mag218!

Nice design, better than Wadi Tower IMO.

hmm
butterfly, when you're back to this thread please try to find out if it's residential or commercial

also, is it
crown or crowne

this one is for sale already
a commercial tower
design has changed significantly!!!

http://tinypic.com/9lhfnk.jpg

this one is even better

http://www.unityestates.com/Propertyimages/Dubai/Arabian%20Crown/Arabian-Crownthumb.jpg

Looks so much better there!

looks way better. the spire is great...

love that spire ... a small CN tower on top

Agreed; the redesign looks better.

What a Tower, remindes me of the Blue pearl in Bahrain.

From a Middle East Development press release "5 Star Quality Luxury 240 Room Hotel Style Apartment Residence Tower". This will be a hotel on the first 14 floors and then lease back apart-hotel type rooms on the other floors. MED are offering a 20 year lease-back deal on the apartments purchased with 8% rental income guaranteed for the first 3 years. (Not a great return by Dubai standards). Due for completion in October 2007.

I can post the full press release, but I can't figure out how to stick the picture in a post...can't find the brouse button..doh

just figured out I "may not post attachments" for some reason???...sorry

you have to upload the picture first www.tinypic.com then click on the image button on the post reply site on SSC and paste the link you get when the pic is uploaded. otherwise SSC would need a 1000000GB server ;)

so this is hot+res?

Bingo..

http://tinypic.com/9uszzo.jpg

Thanks for the quick posting lesson dubaiflo.

This is currently being sold at Pre Launch and prices rise by 10% on the 1st of September.

it still is not a hotel
it's like a hotel and managed by a hotel group, but it's a simple service apartments residential tower

like the chelsea...

Is this time share? 30 days / year?

what?

"Owner has up to 30 days personal usage per year"

What does that mean? :wtf:

more like burj dubai lake hotel
you own the apartment and rent it to other people while you as an owner can live 30 days in this apartment

thats a new concept for me. sounds good.

Sounds like you only own 30 days from it and there are 11 other owners too.
They have this kind of "time share" business in many holiday destinations.
Some times people feel a bit fooled when they find out what they have bought. Not saying this is happening in Dubai.

No, it's not timeshare or "Vacation Ownership" as it is called these days.

There are a load of developments in Dubai at the moment offering this "Apart-Hotel-LeaseBack" thing.

The idea is you "buy" an apartment on one of the top floors of the building. There is an hotel on the lower 15 floors. You lease your apartment back to the hotel for 20 years. They put there guests in "your" apartment, service it, maintain it etc..
You then can stay in "your" apartment for 30 days a year, if you want, or you can lease it to them for the whole year and never stay there.

The advantages to the "owner" are you have a property you can stay in for a holiday every year, that is then producing income for the rest of the year and is looked after for you. Disadvantages to the owner are you must rely of the hotel management to keep "your" property in good condition and in reality you don't actually own the apartment and there are restrictive covenanants on the title as to how you can sell it. The advantages to the Hotel are that they don't have to borrow money to build their hotel the "Owners" pay for the construction and they have all the income generated from the rooms (less what they pay you) and from the bar, restaurant..etc..

So..basically this is more a finincial investment than a property purchase and you should buy on that understanding and it might be cheaper and less bother just to rent an apartment off a friend for a month every year.

this is not bad actually.
so arabina crowne will only have such rooms, and none of them will actually be owned by the operating hotel group.

well in this type of situation you really get into what the word "Own" means in terms of a property.
If you can only stay in it for 30 days a year, can's sell it to whom you like, have to go thru a hotel lobby and 15 floors to get into it, do you really "own" it at all?

You see in the case of apart-hotel leaseback you need to think in terms of property investment and not property ownership. Besides nobody ever really “owns” property anyway, or anything else for that matter, we just have the use of it while we and it are alive…but that’s another story and we won’t go there..he..he

By the way, this is another reason the impending Dubai property Law is so slow in coming out. It’s not just about freehold verses leasehold and emirate discrecion. Laws need to be put in place to cover timeshare, hotel lease backs, inheritance, divorce..etc..so lets not be in any rush to see a new property law, let them take their time and do it right.

We have bought a property in ARABIAN CROWNE(2 bed room hotel apartment).just only 710DHS/sp.ft. at july 2005. the developer M.E.D told for us completion date will be at OCT 2007. still now just doing the ground and infrastructure works .i think should be late for 2year's. now we aready 30% payment.the developer alway to say start next week.:bash::bash::bash::bash::bash::bash:

http://www.dubaiwaterfronts.com/images/arabian_crowne_map.gif

I spoke to the developer, MED, for an update on this. They have received clearance from the lands department in January. They are finalising their constructor and expect to start construction in July. Build period of 18 months (constructor working 3 shifts a day) with another few months to finish - so the developer said.

I spoke to the developer, MED, for an update on this. They have received clearance from the lands department in January. They are finalising their constructor and expect to start construction in July. Build period of 18 months (constructor working 3 shifts a day) with another few months to finish - so the developer said.

blablablaaa, dont believe them ANY word!!!

I don't know what is happening with MED. They apparently have all the permissions they need to start. There is still talk from them of offering alternative financing options(i.e. delayed payment plans) to the 50% developer finance - although they say they may still be able to do the finance. MED has already had construction loans approved - I was shown the paper from the bank to say the loan has been granted. They have very little excuse for not starting. Contractually - for every month that they delay, MED will pay the owners interest for any delays (providing they were not caused by other parties i.e. Lands dept). I bet they will try to get out of this but contractually owners will have money due back to them as I have seen the NOC and title deeds for the land given to MED a few months back.

Thank you for the information. I am glad to read this. Thanks
Lawyers Fennell Bay (http://www.solicitorslawyers.com.au/Fennell Bay/Lawyers_Fennell_Bay.html)

http://www.arabianbusiness.com/571266-investors-file-case-with-rera-over-dubai-project-delays

http://rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/552_2756.jpg

bought into this project in arabian crowne in 2005 just had delays after delay any one with info please let me know whats going on

Dear All,

We have drafted a petition to be submitted to the relevant UAE authorities. The Petition is now online and available at The CAIG's blog. If any of you, are interested to be aware of the content, the authorities that we are going to send the petition to, and wishes to sign it, please send us an email to infinitlicht@yahoo.com

It is understandable that you might be busy with too many different things at this year ending. But this is one of the important steps we need to take. We will be holding on to the petition till the end of December 2011 and plan to submit it to the UAE authorities beginning 2012. We have tracked down the related governmental and private authorities and organizations and will contact them one by one. If you want to be included in the petition please act now.

FYI, if we do not receive proper responses from the authorities or if IMG still wasn't willing to refund our investments after all amicably; we will commence trying our other alternatives. The other alternatives are being discussed at the CoA Investors Group's blog.

IMG should know that after this juncture and if we set our feet on this road; things are going to happen very fast and an ominous storm is expected on their business sky. We are not going to BACK DOWN! They simply and from the beginning should had expected that we were not going to just sit and let them take our life savings!, even if we had to write to the entire world.

For your more information, in order to inform as many investors as possible, we have opened/completed similar accounts:

https://www.facebook.com/public/CityofArabia-Investors
https://twitter.com/cityofarabia
City of Arabia - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/City_of_Arabia) (Updated with correct information)
SkyscraperCity - Powered by vBulletin (http://www.skyscrapercity.com/showthread.php?t=185406&page=40)[/URL]

PS: There are several other global online communities, in which we are not going to take your time with now, but definitely they will be our next stations.

At the time being, we are seeking advices of several major Medias in the UK, US and Dubai to see how we can draw media attentions to our problems. On the other hand, the group representative has been contacted by a very famous online news agency for a possible interview some time in Jan. 2012. They want to hear our story and to publish it worldwide.

Before that interview to be held, we would like to strengthen the group by having you added in and joined up.

We are now many; with your presences will be a larger, stronger, louder and more effective group.

Trust that together, we can have our rights back. We look forward to welcoming you to the home of CoA Investors.

On behalf of The CAIG
http://cityofarabia.blogspot.com/