Name: Marina Suites
Floors: ?
Height: ?
Use: Residential

http://www.bondrealestate.com/OffPlan_Projects/images/marinasuites_logo.jpg

MiNC launches Marina Suites, a new Hospitality Sector Property Investment Opportunity at Dubai Marina

MiNC Property Enterprises, the Dubai based property wealth managers, has today announced the launch of its latest investment vehicle, Marina Suites at Dubai Marina.

http://www.ameinfo.com/images/news/7/10397-Haroon.jpg
Haroon Mahmood, Chairman of MiNC Property Enterprises

Marina Suites will be one of the first properties to consist exclusively of serviced apartments available at Dubai Marina, giving investors the opportunity to invest in the fast expanding leisure sector as well as in the established residential property market.

Serviced Apartments within Marina Suites will include larger apartments and penthouses. A large proportion of the apartments will have Marina or sea views and all will be luxuriously appointed. MiNC guarantees to pay all investors an 8% return on their original investment each year for three years and will also offer to extend this guaranteed period. Prices include a furniture pack appropriate for the size and quality of the apartment.

Haroon Mahmood, Chairman of MiNC Property Enterprises, said, 'We specialise in rental investment packages for investors ranging from private individuals to large institutions and believe Marina Suites to be a unique and compelling investment opportunity. By offering investors a rental guarantee we take much of the risk out of the process giving people considerable piece of mind. Critically, Marina Suites represents a unique type of investment in that as serviced apartments they will benefit from the astronomical growth of Dubai as a leisure destination.'

'At the end of the rental guarantee period Dubai will be a vastly different place with many of the mega leisure projects now being constructed completed or near completion. Demand for serviced apartments is expected to grow exponentially as Dubai's reputation as a top tourist destination develops,' says Mahmood.

MiNC Property Enterprises is a well established property wealth management company with offices in Dubai, London and Johannesburg and currently manages a substantial portfolio of property including some high-profile developments in London and Dubai. The company's services include residential investment, investment portfolio development, independent mortgage/remortgage assistance, lettings and furnishing/interior design.

Marina Suites is expected to be completed in early 2007 and local finance has been arranged with Tamweel.

looks like a smaller marina diamond
nothing special

http://www.realestate.kz/img/marinasuites4.jpg

http://www.realestate.kz/img/marinasuites5.jpg

http://www.realestate.kz/img/marinasuites6.jpg

damn, that render i have posted is cut off
it has 16 floors

added to emporis btw

:bash: :bash: :bash:

this is marina diamond in its worst case.
just look at the location map...

well at least it is serviced apts, sth new in the marina.
except grsvnr.

Bäää. I don't like this tower. Always the same structure.
The Marina should have a look at Dubailand or BB.

has it's own website
http://www.marinasuitesdubai.com

http://www.marinasuitesdubai.com/locationmap.pdf

this is on the same plot like surpreme tower???

Bin Haider hints at ‘local’ works deal

http://www.itp.net/pictures/news/108p6200.gif
The Marina Suites tower in Dubai Marina, a Bin Haider development.

Dubai-based developer Bin Haider Real Estate is tipped to award construction contracts on new projects worth US $109 million (AED400 million) to Al Oroba Contracting.

Speaking to Construction Week, Mukesh Dhakan, managing director, Bin Haider Real Estate, said: “It’s quite possible that we will just go with our in-house contractors, Al Oroba Contracting, as they are one of our partners, but at the end of the day, we will select the best.

“If we do send out tenders, it will be within the next two months, as we would have finalised everything by then.”

The new projects include developments at Dubai International City, Dubai Investment Park, a housing complex in Mirdiff and a residential complex in Ajman.

“Everything is still pretty much still in the design stage,” said Dhakan. “Our consultant for the Dubai projects is Model consultants while our Ajman designer is Dimensions.

“We haven’t started construction yet but we expect to award the contracts and begin work very soon.”

Bin Haider will construct two five-storey buildings in Dubai International City, offering exclusively designed residential and commercial units.

The commercial project at Dubai Investment Park comprises commercial units to be constructed on a 11 984 m2 plot, while the Mirdiff project consists of a group of six
luxury villas.

The Ajman project, spanning 6968 m2, will be a complex of eight towers each comprising studios, one bedroom and two bedroom luxury apartments and commercial units.

Besides strengthening its local presence, Bin Haider Real Estate is stepping up efforts to tap international markets for
investments in the UAE’s real estate sector.

Having recently opened an office in the UK, the company is now planning to establish itself in Mumbai, India.

location?

Still alive??? :hm:

ON HOLD ! same plot

14/August/2007

SUPREME RESIDENCY 2

http://img362.imageshack.us/img362/497/imresolt15de2.jpg (http://imageshack.us)

http://img406.imageshack.us/img406/5934/imresolt57xj2.jpg (http://imageshack.us)

Dear All,
Any updates on Marina Suites side?
Thanks in advance

any news !? Update !?

These are the same people that are saying they are bankrupt and are asking investors for a bail out - Read the Prodigy thread. Banks pulled finance and they say the project is on hold indefinitely unless investors bail them out!!!!

Doubt they will build this. You need to email haroon dot mahmood at mincproperty dot com!

Back to #UNDER C

( since last couple of month with less workers ) ...

http://www.sheffieldre.com/images/constructionimages/marinasuites/marinasuites_oct2008_2.jpg

http://www.sheffieldre.com/images/constructionimages/marinasuites/marinasuites_oct2008_3.jpg

the access road opened today , behind this and the Lighthouse plot , so they can work again if they want or can.

The site looks like after the second world war now , site oficces still there and what a mess:)

is this canceled or on hold?

dead, nothing there

so they just built the foundation and left it like that, what the heck was the point of that ? is this a new scheme to get investors to resume payment and than developer disappears for good?

We bought properties in Marina Suites Project from Waterfront Developments Limited and Minc Property Enterprises in 2007.

We were promised that the anticipated completion date of the project is 30th September 2007 or latest by 31st December 2008.

Unfortunately, we realized that the project site is now abandoned and that there is no construction progressing at all.

Furthermore, we came to know that a third party named Sheffield Real Estate is the registered Developer of the Project and that Waterfront Developments Limited is only an investor in the Project. Also we noted that our Paid Monies were never deposited into the escrow account of the project and that the sale & purchase of our properties have not been registered in the Interim Real Estate Register yet (as per the law no. 13).

It is clearly evidenced that Waterfront Developments Limited and Minc Property Enterprises have misrepresented to us that Waterfront Developments Limited is the Developer of the Project and they are authorized to practice the Sales of the Properties in Marina Suites Project. Moreover, Waterfront Developments Limited is still a BVI offshore company up till the date and has never been registered in UAE.

For the reasons mentioned above, we are forming a group to file a case against Waterfront Developments Limited and Minc Property Enterprises in order to claim back our paid monies before they walk away with our life savings. By submitting a collective complaint, the legal charges would be affordable.

Please confirm your interest by sending an email to (marina.suites.investors@gmail.com) as soon as
possible in order to advise you about the procedures to be followed.

Regards,
Marina Suites Investors

so they just built the foundation and left it like that, what the heck was the point of that ? is this a new scheme to get investors to resume payment and than developer disappears for good?

I think MiNC have run out of funds to spend on the project. It was stopped due to a road being built in front of it that blocked the entrance to the building. Until this was sorted with the Dubai road development, the contractor "Sheffield" pulled out of building the project and demanded more money from Waterfront development. (a parent company of Minc) that’s where every thing stopped. Minc should return funds back to investors with interest. They are refusing to do this. Should it be a mass action against minc. I think due to Dubai ;land laws. Every investor has to file case for every unit separately? How many members do you have in your groupe? I know of another groupe of investors quite a lot of them but having deficulty agreeing with which course of action should be taken against MiNC. i THINK ALL THESE GROUPS SHOULD GET TOGATHER AT ONE PLACE AND DECIDE A COMMON WAY FORWARD.

Please give us an update. Understand construction has started again. Hard to believe. Where are they getting the funds from. Please solve the puzzle for us. Waiting for some feedback. Many thanks.
H L Nagpal

Nothing to do with Ayoubco! That was the lighthouse project next door.

Bizzybonita, can you check this site if you are in the area.:okay:

Nothing to do with Ayoubco! That was the lighthouse project next door.

Bizzybonita, can you check this site if you are in the area.:okay:


Some of the new pictures you guys posted were zoomed in on Ayoubco so I thought this was the project, theirs even a documentary that was on ITV over a month go which showcased Dubai and especially the lighthouse as one of the developers on the run.

Sorry for my late response ... actually am out of this zone but i can see what's going on :)

C/U Feb/2010

http://www.sheffieldre.com/feb10_marinasuites.html

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/894_128.jpg

Its U/C again , new floor done and workers there today!

01/April/2011

Marina Suites, rising:)

http://i56.tinypic.com/28iw30k.jpg

http://i56.tinypic.com/s64r4z.jpg

http://i51.tinypic.com/347tbtj.jpg

http://home.tiscali.nl/cyril/ssc/marina-suites.jpg

24/June/2011

Marina Suites

http://i54.tinypic.com/294kjg2.jpg

9/September/2011

Marina Suites

http://i53.tinypic.com/2e0pqa1.jpg

No progress since September..

6/January/2012

Marina Suites

http://i42.tinypic.com/2czxix.jpg