#PROJECT: DUBAI LAGOON (DIP) [Archive] - Page 6

Imre

December 14th, 2008, 05:09 PM

Schon's Lagoon buildings on track

Schon to deliver eight Dubai Lagoon buildings by Q4 2009. (IMRAN KHALID)

By
Staff Writer on Sunday, December 14, 2008

Dubai-based Schon Properties said it will deliver the first eight buildings of the Dubai Lagoon community in the fourth quarter of 2009 as planned.

The company said in a statement that it was moving full steam ahead on all current projects within the portfolio despite the market slowdown.

"On Dubai Lagoon, work on zones 1 and 2 are in progress by Power Line Gulf Construction. The contractor for zones 3 and 6, Belhasa Engineering & Contracting Co, is currently mobilising and permits have been obtained and essential contractor site facilities, such as offices and ablution blocks, are being installed in preparation for the main works activity at the site, which will become more apparent shortly," said Danial H Schon, Vice-President of Schon Properties.

"Schon Properties has a solid financial position and our commitment will not waiver. There is no borrowing and zero liability both in Schon Properties and Schon Group, and this makes us one of the strongest real estate developers. A reduction in sales is inevitable for the short-term, but as the majority of our projects are 75 per cent pre-sold, a slowdown will not have a major impact on business activity," he said.

Other projects including Schon Business Park, Schon Residences, Schon Suites and Libertas are also moving ahead as scheduled.

The announcement has been made to allay fears of non-deliveries because of the current economic situation. The concern about Dubai's public and private sector debt escalation has worried everyone, especially property investors and end-users who fear the downturn may result in construction slowdown; or worse, abandonment of projects.

"We see the current situation as a blessing in disguise, an opportunity to consolidate our current portfolio and concentrate on completion and delivery.

"We believe this correction is ultimately healthy for the Dubai real estate market as it slows the speed of growth, not stops it, which is beneficial for the long-term sustainability of the market," Schon said.

http://www.business24-7.ae/Articles/2008/12/Pages/12142008_5581e4ad951f4a269773cd743a99fa36.aspx

Bapu

December 15th, 2008, 01:08 AM

This is the true progress of Construction..
2512 apartments under construction
http://www3.mediafire.com/imgbnc.php/ca8607a7f424df19d20490570876a7b65g.jpg

Parisian Girl

December 16th, 2008, 01:37 AM

First Lagoon properties 'ready for Q4 in 2009'

http://i35.tinypic.com/sy9r3o.jpg

by Andy Sambidge on Monday, 15 December 2008

Schon Properties has announced that first eight buildings of its much delayed Dubai Lagoon community project will be ready in the fourth quarter of 2009.

Company chiefs said on Monday they are moving full steam ahead on all current projects within the portfolio, despite the market slowdown.

Residential units at the Lagoon were initially scheduled for completion by December 2007.

Danial H Schon, vice president, said: “Schon Properties has a solid financial position and our commitment will not waiver.

"There is no borrowing and zero liability both in Schon Properties and Schon Group, and this makes us one of the strongest real estate developers.

"A reduction in sales is inevitable for the short-term, but as the majority of our projects are 75 percent pre-sold, a slow down will not have a major impact on business activity."

The announcement, he added, had been made to allay fears of non-deliveries because of the current economic situation.

"We see the current situation as blessing in disguise, an opportunity to consolidate our current portfolio and concentrate on completion and delivery,” said Schon.

"On Dubai Lagoon, works on zones 1 and 2 are in progress by Power Line Gulf Construction. The contractor for zones 3 and 6, Belhasa Engineering & Contracting Co, is currently mobilising and permits have been obtained and essential contractor site facilities, such as offices and ablution blocks are being installed in preparation for the full main works activity at site, which will become more apparent shortly."

Other projects including Schon Business Park, Schon Residences, Schon Suites and Libertas are also moving ahead as scheduled, he added.

“2008 has been a challenging year in more ways than one, but we are confident that the new year will bring many positive developments and are taking measures to reinforce our market presence by creating value-added services such as a facilities management division and the recently launched subsidiary company NOHCS Property Advisory,” said Schon.

http://www.arabianbusiness.com/541093-first-lagoons-properties-ready-for-q4-in-2009

STER1

December 18th, 2008, 03:49 PM

Is there a group I can contact to discuss discrepancies in Schon's documents? I know this relates to Dubai Lagoon, but is there anyone I can contact regarding Schon residences?

Thanks

nexlite

December 19th, 2008, 04:06 PM

Is there a group I can contact to discuss discrepancies in Schon's documents? I know this relates to Dubai Lagoon, but is there anyone I can contact regarding Schon residences?

Thanks

Hi ,

You're welcome to join this group : http://dubailagoon.proboards81.com

This group has many members exclusively discussing Schon's Dubai Lagoon Project & the mess created by them so far .....
See u at the new forum !! :)

bizzybonita

December 24th, 2008, 02:32 PM

Construction Updates 10/Dec/08

http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_updates.aspx

Dabba

December 31st, 2008, 12:26 AM

lena10

January 5th, 2009, 02:20 PM

Has anyone heard about the law stating that no one should demand more than 20% of the total cost before construction started? I think most of Dubai Lagoon clients had paid more. DeaR Schon clients, YOU HAVE ALL RIGHTS TO STOP PAYING IF YOU PROJECT HASN'T STARTED YET!

Bapu

January 8th, 2009, 12:36 AM

More pictures from Schon @ http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_updates.aspx

http://www.schonproperties.com/UserFiles/Active/ad796a7c-c894-469b-89b5-005e9dca3533.jpg

As you can all see .....not a lot really happenning here

:ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno::ohno:

najam810

January 21st, 2009, 10:43 AM

Hi Lena,

Have you confirmed this with RERA? Beauce I was under the impression that it's for new development and secondly schoon has already started construction. Does here "Construction" means Projecct as a whole or the phases specific to you.

Regards

najam810

January 21st, 2009, 10:45 AM

Hi everyone

I'm new here, and I've been reading some of your posts looking for some ray of hope. Unfortunately I've shared the same frustration, worry and disappointment with all investors. But I've only now posted as need help from the group. Schon are threatening to cancel my agreement unless I carry on with my payment plan first signed in 2006. I'm sure this has happened to a lot of the investors I just wanted to know how you were dealing with it.

Secondly it’s very confusing to found out how I can apply to RERA in order to get my money back. Can anyone help as to what steps I need to take in order to start the procedure?

Greatly appreciate any responses.

:ohno:

Hi Daba,

I am in the same situation. I have paid 50%. My sixth installment was due on Dec 1, 2008 which I did not pay after seeing this fraud Alert:
http://fraudconstructions.wordpress.com/....80%9D-project/

I am not sure what will happen next. I wrote to RERA but did not get any response. I will try to talk to Schoon management. However, we (all victims of Dubai Lagoon) are arranging a group meeting sometime at the end of Jan 2009. Please goto this link and let us know if you want to be a part of it:

http://dubailagoon.proboards81.com/index.cgi?board=discussion&action=display&thread=1&page=68

I hope together we can bring this ordeal to a conclusion.

Regards

najam810

January 24th, 2009, 08:32 AM

Hello All,

Inshallah, we will be meeting on Saturday Jan 31, 2009 at 11 AM in World Trade Center (Parking is free in the weekends and it’s almost the center of the city) to discuss the next plan of action and get the petition signed. Please try to come on time and bring as many people (directly effected) as you can.
If you think of any better place, let me know and we can meet there. Regards

najam810

January 24th, 2009, 08:58 AM

Someone suggested Dubai Lagoon's construction site as a venue for this meeting so that everyone be the witness of site update. Please let me know before Friday Jan 30, 2009 if you would like to change the location.

Regards

hammam99

January 26th, 2009, 02:49 PM

Can I join u for any legal action? Please let me know?
Can u direct me to the site?
regards

hammam99

January 26th, 2009, 03:07 PM

Plz read this statement made by Chairman Tahir H Schön. and have ur say

"This has given us a great deal of resilience over the past few months and we have been able to fully focus on completion and delivery of our existing projects, which are all on schedule
http://www.business24-7.ae/articles/2009/1/pages/01262009_73a8807fd3c344b1a52a9af0b899e9f2.aspx

bizzybonita

January 26th, 2009, 05:02 PM

Construction Updates

http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_updates.aspx

bizzybonita

January 26th, 2009, 09:40 PM

Lagoon developer welcomes market correction

http://www.arabianbusiness.com/544703-lagoon-developer-welcomes-market-correction

najam810

January 27th, 2009, 09:01 AM

Hammam,

You are more than welcome and bring as many people as you can. Here is a link to Dubai Lagoon forum:

http://dubailagoon.proboards81.com/index.cgi?board=discussion&action=display&thread=1&page=72

Thank you

Bapu

January 27th, 2009, 10:04 AM

Here a spreadsheet about completion dates:

http://spreadsheets.google.com/pub?key=puykYotAIDma53fntFpiECg

I hear that Zone 1 & 2 targets WILL NOT be met (Q4 2009)... this is yet another delay.....:bash:

Visit the forum at:

KravaMaga

January 29th, 2009, 11:54 AM

Dear All,

On 2 blogs do you speak about 3 locations where to meet. This goes completely wrong and it's Thursday today.

Some speak about meeting onh the constructionsite, others spreak about meeting at the Schön office and now the Rotana office.

http://dubailagoon.proboards81.com/index.cgi?board=discussion&action=display&thread=1&page=75

Please, make 1 meetingpoint !!!!

Sportmikkel

January 29th, 2009, 04:42 PM

What is the current AED/sqft price for apartments in Dubai Lagoon?

najam810

January 30th, 2009, 07:23 AM

Good Morning Team,

Inshallah we will be meeting at Schoon Marooj Rotana office tomorrow (Jan 31, 2009) at 11 AM. Please call me or Dr. Riadh for direction if needed.

I was suppose to post this later today but something came up and I have to go somewhere for few hours.

Looking forward to see all of you tomorrow at 11 AM (Inshallah)

KravaMaga

February 1st, 2009, 11:17 PM

And when they complain about the rising costs, show them this article:

http://www.business24-7.ae/articles/2009....020709fad7.aspx
(Construction cost in UAE declines by 30%) ;D

Bapu

February 5th, 2009, 01:14 AM

http://www.ameinfo.com/183768.html

Schön Properties pays out Dhs50m to Belhasa Engineering for Dubai Lagoon .

Schön Properties, developer of the Dhs3bn Dubai Lagoon Development, has made an initial payment of Dhs50m to Belhasa Engineering and Contracting Company (BHECC) for all civil, architectural and MEP works for a total of 17 buildings within Zones 3 and 6.

'By March 2009, manpower on the 897,000 square foot Zone 3 is expected to double, increasing as progress continues and reaching a peak of over 1600 workers at the height of construction activity. The larger 1,376,000 square foot zone 6 is expected to have a labour force of approximately 2000 workers at the peak of construction.'

Lets hope the press release is not just 'spin'......

Visit here for more information:

Bapu

February 9th, 2009, 08:59 AM

Photos posted at: - http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_images.aspx

http://www.schonproperties.com/UserFiles/Active/33e8bf22-e946-46c0-883a-4d3c9bb87465.jpg

Bapu from :

234sale

February 9th, 2009, 02:52 PM

6 Feb 09
Now that Belhasa is on site, I think you'll see lots of action.

The site offices are professional, the company has constructed some of the best buildings in DIP. Like the appartment buildings in the Green Community, also buildings such as Marina Diamond in the Marina.

Bupu, I posted them on your forum, feel free to use them.

http://i42.tinypic.com/8wjou0.jpg
http://i39.tinypic.com/o0uzyu.jpg
http://i40.tinypic.com/27x314x.jpg
http://i39.tinypic.com/30wtvd3.jpg
http://i39.tinypic.com/24weold.jpg
http://i41.tinypic.com/111l6aq.jpg
http://i41.tinypic.com/ix6nbl.jpg
http://i43.tinypic.com/2q9e4xj.jpg
http://i41.tinypic.com/zxjj2q.jpg
http://i42.tinypic.com/sbjzpi.jpg
http://i44.tinypic.com/2vwejop.jpg

Bapu

February 9th, 2009, 04:25 PM

6 Feb 09

Bupu, I posted them on your forum, feel free to use them.

fantasic pictures....thanks dude!!

Bapu

February 10th, 2009, 11:44 AM

From Schon Website:

Zone 1

http://www.schonproperties.com/UserFiles/Active/674e59ee-de5d-446f-bd09-b5b3d2c046be.jpg

Bapu

February 11th, 2009, 05:42 PM

Schon Properties Awards Bin Sabt Building Contracting L.L.C AED 500 Million Contract to Complete Dubai Lagoon

Schon Properties is consolidating development on their AED 3 billion Dubai Lagoon project, signing an AED 500 million contract with Bin Sabt Building Contracting L.L.C, a large and well-established contracting company, to handle the construction of remaining zones, four and seven.

http://www.eyeofdubai.com/v1/news/newsdetail-27942.htm

Everyone....please note:
'Due to begin mobilizing on-site in late February, Bin Sabt will first prepare for construction by facilitating all enabling works across zones four and seven, which is expected to take around two months.... '

So please be patient...as they have pointed this out in the press release.

:banana:

schonproperties

February 23rd, 2009, 04:56 PM

Dear Valued Customers,

Please find below the link to the invite to an Onsite Review of the construction progress for Dubai Lagoon and Schon Properties.

The first session is on February 28, 2009.

http://www.schonproperties.com/510/secti....8f05f8600278014

http://www.schonproperties.com/502/secti....f2d72b8b36aee43

schonproperties

March 1st, 2009, 10:32 AM

Dear Customers,

Further to our commitment on providing regular updates about the progress of Dubai Lagoon and Schon Business Park, we had our onsite progress review session on Saturday February 28, 2009. Please find below the queries raised by the customers who attended the program and the answers provided by the Schon Team.

Queries raised by the customers
• Construction progress for Dubai Lagoon?
• Completion dates for all the zones?
• What is being done to rectify the delay happening on Zone 1?
• When would construction commence on Zone 2?
• When would we send out notification for Zone 2 and would the completion dates change now?
• What is the progress on Zone 3?
• When would construction commence on Zone 6?
• When would Bin Sabt mobilize?
• Would the quality be compromised due to the appointment of soo many contractors?
• Has there been any changes in the project?
• Would the fixtures and amenities change with the change in contractors?
• When would the lagoon be completed?
• Would infrastructure be ready as the zones get completed?
• Is there sufficient parking for all customers?
• Are there additional parking outside the building for customers who have not purchased parking and for guests?
• More transparency on the construction progress?

Answers provided by the Schon Team
• Latest completion dates were provided
• Informed customers that Zone 1 construction progress is slow and we are discussing with PLGC to see how they can proceed to meet the deadline for completion which is the end of 2009
• Informed customers that Zone 2 would no longer be constructed by PLGC and the new contractors were under final negotiation and shortly be announced. Also informed customers that the new contractors could be either Belhasa, Bin Sabt or a new contractor.
• Construction updates were provided about Zone 3 informing that Belhasa is ahead of schedule and also about the approvals received from Dubai Municipality for concrete pour to commence. Concrete pour to commence this week.
• Informed customers about Zone 4 and Zone 7 that Bin Sabt has been appointed and they would commence mobilization in the next 3-4 weeks
• Informed customers that Zone 6 construction would commence by April 2009 due to the logistics of Belhasa and all other developers being onsite. As soon as the basement for Zone 3 is partially completed Belhasa would be able to commence on Zone 6.
• Informed customer that quality would not be compromised at any cost.
• Informed customers that the specifications given to all contractors is the same and hence there would be no changes in the features, amenities and finishing with Zones being provided to different contractors.
• Informed customers that infrastructure development would happen simultaneously along with the zonal construction
• Informed customers that lagoon work would commence only after the basement for all zones are completed
• Informed customers about the viewing window for Dubai Lagoon where customers can view the progress of the construction. Site visits have been completely stopped due to health and safety reasons.
• Informed customers about the monthly onsite review meeting to be conducted every month to provide everyone a clear picture of what is happening on site..
• Informed customers about the double basement for parking and all regulations set by RTA being adhered to in reference to the parking and road requirements for Dubai Lagoon.

Should you require any additional information please do not hesitate to contact us at crm@schonproperties.com

Bapu

March 8th, 2009, 12:07 PM

Updated photos on Schon Site: http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_images.aspx

http://www.schonproperties.com/UserFiles/Active/ba0c6e2a-abe0-4483-87a9-84a881b6a5e5.jpg

http://www.schonproperties.com/UserFiles/Active/ef5036db-775c-4fcf-a33f-821d9dbed3a2.jpghttp://www.schonproperties.com/UserFiles/Active/85b11113-b640-46ca-ba6c-bc7a694366ea.jpg
http://www.schonproperties.com/UserFiles/Active/bc0284ea-142d-4ecd-8019-c182a918fd72.jpg

Bapu

March 9th, 2009, 07:08 PM

Zone 3 - A19 started

http://www2.mediafire.com/imgbnc.php/76a19376b1a1853a311937792c9feb625g.jpg
http://www4.mediafire.com/imgbnc.php/ea8044b97bcbd124cd22fd078fd9bf2e5g.jpg

MarcoJ

March 19th, 2009, 10:13 PM

http://www.ameinfo.com/183768.html

Can someone capture photographs of Belhasa's progress on construction for Zone 3?
By the middle of this month the above media published over 1600 workers at site during the peak time? Also the construction costs are considerably lower now, progress in construction must
not be in question!!!!

Thanks william for the update .

i agree with u anand ...200 people isnt nothing ....everything has gone down ...schon should ake advantage of this !!! ...get more workers on site SCHON :bash:

schonproperties

March 24th, 2009, 10:04 AM

Dear valued customer of Schon Properties,

Further to our commitment to provide you with regular updates for your unit(s) in Dubai Lagoon and Schon Business Park;

We have commenced an On-site progress review session the first of which was held on Saturday February 28, 2009.These sessions would be held on the last Saturday of every month from 11:00am-1:00pm at our Dubai Lagoon site office.

Please note that since this is a session with the Development team, ONLY construction progress related questions will be addressed. Should you have any other queries regarding finance, legal and payment plans for your unit(s), we will be more than happy to have you visit our sales office located at the Murooj Rotana Complex. We are open 6 days a week from Saturday to Thursday 9:00am – 6:00pm.

Should you require any additional information or assistance, please do not hesitate to contact us at crm@schonproperties.com or 800 72466 / 009714 3434044.

schonproperties

March 28th, 2009, 03:19 PM

Dear valued customer of Schon Properties,

Further to our commitment to provide you with the latest updates on Dubai Lagoon and Schon Business Park, please find below the discussion that had taken place today at the monthly onsite review meeting.

• Bin Sabt are in the process of signing the contract for Zone 1 and building permits are in the process of being transferred to their name. Workers are already on site for Zone 1 and the site is being prepared for construction to commence as soon as the permits are received.
• Belhasa are in the process of finalizing the contract for Zone 2 and building permit transfers would be submitted this week and should be completed within the fortnight.
• Zone 3 is progressing really well with construction moving in full swing.
• Bin Sabt would commence mobilization on Zone 4 in April.
• Belhasa would commence construction on Zone 6 in May/June.
• Zone 7 building permits have been submitted and once we receive the permits construction would commence.
• Payment plans to be linked to construction were enquired to which it was informed that the payment plans being linked to construction was being reviewed and the decision would be announced shortly.
• Complains regarding communication not being regular and not receiving updates were brought up. Informed all that based on available contact details, project updates were being sent. Should they not be receiving updates, they can send across their current contact details to crm@schonproperties.com.
• Progress report to be prepared on a monthly basis which shows construction progress based on actual timelines was suggested. Clients were informed that RERA has a new report on the construction progress of all projects. Clients still insisted on a report to be generated by Schon Properties which would be looked into.
• All other queries that weren’t regarding construction progress to be channeled to CRM on crm@schonproperties.com .

Should you require any additional information or assistance, please do not hesitate to contact us on crm@schonproperties.com

anisjudge

March 29th, 2009, 07:12 AM

did anybody receive below email recently from CRM team of schon? What about our original contracts? I'm trying to communicate with them still no reply from them....

Dear Sir,
We are immensely delighted to inform you that, in harmony with the Real Estate Regulatory Agency’s policy of linking payment installments to construction and relevant circulars issued therein, effective April 1, 2009, your current date based payment plan has been revised to a build phase based payment plan.

Your revised payment plan for you unit in Dubai Lagoon would be as follows;
Build Phase Milestones Percentage
Date based as per the reservation form Initial 30%
On commencement of Enabling works 10%
On Basement floor slab 10%
On Ground floor slab 10%
On Second floor slab 10%
On Fourth floor slab 10%
On Sixth floor slab 10%
On completion of Building 10%

Regards,
CRM

rashaabdalla

March 29th, 2009, 09:31 AM

I received the same email regarding revised the payment plan .

anisjudge

March 29th, 2009, 09:50 AM

I just called their call center and they explained me that people can choose between this plan or their original 50/50 or 40/60 plan, but the type of explanations was not so clear, they said they will reply to us on email, I'll update you if any.

rashaabdalla

March 29th, 2009, 12:24 PM

just now i came from RERA and they said no one able to change your payment plan and stop any more payments to them.

Bapu

March 31st, 2009, 02:19 AM

Thanks to WilliamX for the photo:

Zone3 - Lily

http://img15.imageshack.us/img15/1504/dsc00004ftj.jpg

More can be found at:

lena10

April 2nd, 2009, 01:10 PM

rashaabdalla

April 5th, 2009, 01:40 PM

I refer to clients of phase 2, whose appartments r to be built by 2011.
Please join me against our misfortune Developer!

My promised completion date was December 2008, (however by now I paid 40% and my building hasn't been started yet, construction postponed till 2011. Schon is demanding more payments instead of rescheduling the payment plan) so the laywer recommends to stop paying. My legal consultant gave Schon a Legal notice. We are preparing to arise a case if they still insist on further payments befor construction of Zone 4 starts.
Write to me if you'r interested to know the updates or have a similar situation. thanx.

I'm at the same situation like you,please let me knows what's going on with your lawyer.
the problem to open case against them you have to pay so much for the court and the lawyer as well.
please send me the update

blethdot

April 9th, 2009, 07:18 PM

Hi - I have had written confirmation from Schon that the new plan they wanted to suck us all into is optional and that we can stay on our old plans if we wish.

I have also just found discovered that they have been charging me for their bank fees (when receiving a transfer from my account). Has anyone else noticed this. I told them I wasn't impressed!

TDemirel

April 10th, 2009, 12:33 AM

Good Night to all.
This post is related to the 3D Venture.

It looks like they closed the business.
Busted, bankrupted, ran away whatever you want to define the situation.
Their office is closed (for whole week) and with only furniture inside.
Web sites (Dubai and UK) are down, mails are bouncing back, mobile phones are switched off.

Anyhow, as soon we realised that they close the business, we got in touch with Schon and visited their Office in Al Murooj.
First discussed with CRM team who followed up and organised a meeting today with their Head of Legal Department and Sales / Admin Manager.

We attend to the meeting with one of my friends who also bought through 3D Venture.
The meeting was very positive, the summary of outcome is:
1) Schon assured us that our units are safe and at the end we are their customers.
2) Payments done upto date are in Schon's escrow account. And they confirmed that whatever percentage of payment we did is accepted. (Eg. I paid 50% of my unit to 3D Venture as per my payment plan, Schon approves that I already paid 50% of my unit.)
3) Schon will deal directly with us and prepare, issue the contracts.
4) The only problem is: they don't have the client database with full contact informations etc.

They are asking to 3D Venture customers to get in touch with them, by sending their contract or reservation form copies to the attention of following people:

Mr. Firas Hassan (Legal Head)
e mail: firas.hassan@schonproperties.com

Mr. Gary Hooper (Sales Administration Manager)
e-mail: gary.hooper@schonproperties.com

Please spread this info if you know anybody who bought through 3D Venture and does not have access to this forum.

Schon, needs to collect this info from all 3D Venture clients, to close the issue in one go.

nexlite

April 11th, 2009, 02:36 PM

I refer to clients of phase 2, whose appartments r to be built by 2011.
Please join me against our misfortune Developer!

My promised completion date was December 2008, (however by now I paid 40% and my building hasn't been started yet, construction postponed till 2011. Schon is demanding more payments instead of rescheduling the payment plan) so the laywer recommends to stop paying. My legal consultant gave Schon a Legal notice. We are preparing to arise a case if they still insist on further payments befor construction of Zone 4 starts.
Write to me if you'r interested to know the updates or have a similar situation. thanx.

I'm also in the same situation so also update me on what proceedings have taken place concerning your legal / court matters !

Schon has told me that if I dont opt for the revised payment plan ,I'll have to pay them as per the old payment plan which is only in their favour .......... in dat way the balance of payments will heavily overtake the amount of construction done . :ohno:

Bapu

April 13th, 2009, 05:42 PM

new photos at the Schon site. (posted on 16th April)
http://www.schonproperties.com/UserFiles/Active/fd8b5d35-f49b-480c-84ce-b32ee2ca7727.jpg

KravaMaga

April 26th, 2009, 07:03 AM

http://fraudconstructions.wordpress.com/2009/04/25/investors-suffer-due-to-delay-in-project/

Source: http://www.xpress4me.com/news/uae/dubai/20012958.html

Investors suffer due to delay in project

Anita Henry, a British teacher who has invested in a one-bedroom apartment at Dubai Lagoons, now faces a double whammy. So does Purvi Beri, an Indian advertising executive, and many other investors.

The units they bought are delayed for two years and the developer, Schon Properties, is “stonewalling” them.

“It now costs me Dh8,000 per month to rent, as they have delayed this build,” said Henry. “Now, they have advised me of a December 2010 completion – how disgusting is that?”

She said her one-bedroom unit at Dubai Lagoons – a 52-building project at the Dubai Investments Park (DIP) – was scheduled for a June 2008 handover.

“They have no intention of compensating anyone. I had planned my kids’ schooling around this,” she said.

Major payment

“In 2007, I sold my house in the UK and invested that money in a one-bedroom unit at Dubai Lagoons for Dh480,000,” said Henry, who has paid more than 63 per cent of the property price.

Purvi Beri is in the same bind due to the delay. “I am stuck. I took out a bank loan for Dh250,000 to be able to buy this unit. I sold property in India to survive and take care of my son’s fees. Since my property has not been handed over as promised, I was forced to move to my sister’s place. Now, the developers are asking me to pay more, but I’m not going to because the construction hasn’t even happened.”

Asher Schon, Vice-President of Schon Properties, said, “The project has been set back a little, due to numerous reasons,” he said.

“Firstly, the expansion of the two-lane road into a six-lane highway took out about 40 metres off our plot. Secondly, there was an internal feud between partners of our first contractor so we replaced them. We negotiated with the Roads and Transport Authority (RTA), who were cooperative. We are also working with investors to move them into zones that will be completed earlier,” said Schon.

He added that none of their projects have been put on hold.

schonproperties

May 11th, 2009, 12:43 PM

Dear valued clients of Dubai Lagoon.

This is in reference to the postings made on the blog due to the email that was sent regarding Dubai Lagoon and Schon Properties;

We the management at Schon Properties would like to assure you that the contents in the mentioned email is falsified and has been sent out due to the sheer dissatisfaction of being made redundant during the current market conditions. We have initiated criminal action against such people and legal authorities are involved in the same.

With reference to the contents of the email regarding your unit not being registered with the Lands Department, we would like to inform you that the process of registering your individual unit in Dubai Lagoon has been initiated from our side and is currently on hold as the master developer (Dubai Investment Park) is yet to register the land. Only after the master developer has registered will we be able to continue with the process. The Lands Department have provided a supporting document with the details that have been mentioned above and should you require a copy of the same, it can be emailed to you upon a request made to crm@schonproperties.com .

With reference to your payments, we would like to confirm that all funds made towards your property is in the escrow account and all the laws regarding the same are being abided to, as set by the Lands Department.

Subsequent to the obstacles faced in Dubai Lagoon, we now have Belhasa and Bin Sabt as our two main contractors for Dubai Lagoon on site and construction is progressing in full swing. We are committed to delivering your unit as soon as possible and would urge you to disregard such false information which would lead to a negative exposure of your investment.

We hope we have been able to address your queries and should you require any additional information, please do not hesitate to contact our team to assist you in your concerns at crm@schonproperties.com

Regards
Schon Management

pan24

May 11th, 2009, 03:59 PM

Hi, Thanks for this post, I am also you can say victim of 3d-venture, I have also paid 50% and I ahve registred contratct as well, i called schon and they told me e-mail all the documents, but now they tellinh to wait for a month.
what is the further course of action , can yoy please advise. I ahev apartment in pahse 1. is there a way to get refund ? will it help If i go personally to schons office? please advise.
Thanks.

Good Night to all.
This post is related to the 3D Venture.

It looks like they closed the business.
Busted, bankrupted, ran away whatever you want to define the situation.
Their office is closed (for whole week) and with only furniture inside.
Web sites (Dubai and UK) are down, mails are bouncing back, mobile phones are switched off.

Anyhow, as soon we realised that they close the business, we got in touch with Schon and visited their Office in Al Murooj.
First discussed with CRM team who followed up and organised a meeting today with their Head of Legal Department and Sales / Admin Manager.

We attend to the meeting with one of my friends who also bought through 3D Venture.
The meeting was very positive, the summary of outcome is:
1) Schon assured us that our units are safe and at the end we are their customers.
2) Payments done upto date are in Schon's escrow account. And they confirmed that whatever percentage of payment we did is accepted. (Eg. I paid 50% of my unit to 3D Venture as per my payment plan, Schon approves that I already paid 50% of my unit.)
3) Schon will deal directly with us and prepare, issue the contracts.
4) The only problem is: they don't have the client database with full contact informations etc.

They are asking to 3D Venture customers to get in touch with them, by sending their contract or reservation form copies to the attention of following people:

Mr. Firas Hassan (Legal Head)
e mail: firas.hassan@schonproperties.com

Mr. Gary Hooper (Sales Administration Manager)
e-mail: gary.hooper@schonproperties.com

Please spread this info if you know anybody who bought through 3D Venture and does not have access to this forum.

Schon, needs to collect this info from all 3D Venture clients, to close the issue in one go.

Bapu

May 14th, 2009, 12:24 AM

http://www.schonproperties.com/home/featured_projects/dubai_lagoon/construction_images.aspx
More photos .....
http://www.schonproperties.com/UserFiles/Active/598e66e3-5f9f-4e47-ac6f-8c5d706afc51.jpg

TDemirel

May 14th, 2009, 10:09 AM

MarcoJ

May 14th, 2009, 05:32 PM

it looks like BH is the only one at the site . they should input more workers in to get the work in full swing .

pan24

May 18th, 2009, 04:26 AM

Hi TDemirel,

Thanks for the PM,but I haven't received any yet.
regds,
Pan24

TDemirel

May 18th, 2009, 03:56 PM

Hi TDemirel,

Thanks for the PM,but I haven't received any yet.
regds,
Pan24

I sent it again

regards

blethdot

May 23rd, 2009, 08:10 AM

We the management at Schon Properties would like to assure you that the contents in the mentioned email is falsified and has been sent out due to the sheer dissatisfaction of being made redundant during the current market conditions. We have initiated criminal action against such people and legal authorities are involved in the same.

Haha - I received the email. Not sure which parts are false. You do lie to customers (I have wriiten proof), you do steal from customers (I have written proof), you do break contracts (I have written prooof) and you have not yet registered my property with RERA.

The contents of the letter was true. None of it was a surprise or any different from other rogue developers in Dubai but true nonetheless.

For the love of God, tell the truth for once in your life!!

najam810

May 24th, 2009, 05:16 AM

Hi,

I see some progress

building1

May 26th, 2009, 02:52 PM

In order to accelerate the construction of the apartments in the development, Schon replaced the underperforming Power Line Gulf Construction Dubai with two contractors which will now be responsible for construction of the complete development.

With the appointment of Bin Sabt Building Contracting Company, along with Belhasa Contracting and Engineering Company (BHECC), as the two preferred contractors for the Dubai Lagoon project, Schon Properties is confident that construction will proceed according to schedule and can focus on moving towards completion of the entire Dubai Lagoon community.

Bin Sabt Building Contracting Company has been active in the UAE construction industry since 1973 and has successfully completed many large residential, commercial and high rise buildings, luxury villas, warehouses and schools.

Led by a highly qualified and experienced senior management team, Bin Sabt Building Contracting Company is currently working on a number of projects throughout Dubai and Sharjah. The building permits have only recently been transferred to Bin Sabt and already there is a new upbeat approach to the project.

Belhasa Contracting and Engineering Company (BHECC) is one of Dubai's most reputable and reliable building contractors, and has undertaken a wide range of construction projects including 5 star hotels, mosques, multi-storey residential complexes, government buildings, shopping malls, multipurpose indoor sports halls, auditoriums, schools and office blocks.

Some of BHECC's projects have included construction of 200 residential units in the Green Community, 10 office blocks as well as the 48 storey Salam Tower in Dubai Media City, Mövenpick Hotel (Holiday Inn) in Oud Metha and three, 50-storey mixed-used buildings in Cluster-X of Jumeirah Lake Towers, among numerous other large-scale projects.

Danial H. Schon, Vice President of Schon Properties, said:

'Belhasa are doing an exceptional job on Dubai Lagoon. This is also seconded by most of our customer's contentment with the speed of construction works.'

Danial H. Schon added, 'Now is truly the time for Schon to distinguish itself from the rest of the market. Other companies are putting projects on hold, leaving half-completed buildings, whilst we are busy building and fulfilling our commitments. Other companies are cancelling projects and giving credit notes, but our single focus is on delivery.'

Handover of the first 442 units, is expected to be by the end of 2009.

As one of the most affordable residential offerings in Dubai today, Schon is asserting its efforts to ensure they fulfill their commitments to investors in the best possible time and to the highest attainable quality. Once complete, Dubai Lagoon will be one of the city's most picturesque and fully integrated residential communities.

Imre

May 28th, 2009, 06:36 AM

Developers change contracts to finish projects on schedule

By

Sona Nambiar on Thursday, May 28, 2009

The construction industry is witnessing a rise in developers and consultants changing contractors or sub-contractors on projects or renegotiating contracts due to dropping prices of construction materials in Dubai.

Investors on the U-Bora Towers project in Business Bay recently told Emirates Business about a letter sent from Bando Engineering some months ago. The letter stated that the anticipated completion date for the project has now changed to March 31, 2010.

The Korean firm was transparent about the period of construction affected (May to November 2008) and explained in the letter to the investors that having completed the termination procedures, the company could now state that the sub-contractor, Simplex Infrastructures Ltd, had defaulted on its contractual obligations. The situation had lead to a temporary "suspension of construction activities in the course of work.

Ian Powell from the Business Development section at Bando said: "Due to the rise in construction costs last year, Simplex, the sub-contractor could not provide the labour, materials or equipment and left the site office. We were in a difficult situation because we wanted to continue the project. So we took on Bolim, a Korean sub-contractor and let them take over in November 2008."

Concrete is being poured on the 11th floor of the office floors and Bando is now on the 14th floor in the core stage. "The podium level has been completed. It is a complex building," said Powell.

"Our biggest problem in giving final dates of completion lies in the fact that we have difficulties in getting dates for utilities and infrastructure from the master developer. We realise the problems they are facing due to the current market situation. We are hoping that the situation is resolved as soon as possible. There was a delay in the letter to investors due to the confidential nature of the contract between us and Simplex," said Powell.

Simplex, when contacted, did not elaborate on the situation and only stated that they were no longer part of the project.

Yesterday, Nakheel, announced the "successful restructuring of a contract" with Suez Environnement- Degremont and Besix, to design, build and operate a 220,000 cubic metre per day sewage treatment plant at Jumeirah Golf Estates.

The agreement provides for the "re-engineering and re-programming" of the treatment plant project to better suit the revised population needs in Dubai.

They have jointly agreed to cooperate on a 30-year long term partnership basis for the development of 50 per cent of the present capacity of the plant.

Meanwhile, Schön Properties, developers of the Dh3 billion Dubai Lagoon Development, sent a company release two days ago saying that they "have reviewed their approach to expedite the delivery of their flagship six million square foot development to the investors".

In an emailed statement, the developer said in order to "accelerate the construction" of the apartments in the development, it replaced the "underperforming Power Line Gulf Construction Dubai" and appointed Bin Sabt Building Contracting Company, along with Belhasa Contracting and Engineering Company as the "two preferred contractors".

The building permits have only recently been transferred to Bin Sabt, said the release. Handover of the first 442 units is expected by end-2009.
http://www.business24-7.ae/Articles/2009/5/Pages/27052009/05282009_e9558387cb044891bcf20a81b0bdbdf8.aspx

brunodubai

May 28th, 2009, 05:12 PM

Dear friends of the group

You know tell me, because I never received news from SCHON for my apartment?

perhaps because I do not know the English language, or because they are Italian?

Mah
regards
Note my apartment is in the purple d20
> inverti

Suggerisci una traduzione migliore

Dubaiiscool:)

June 3rd, 2009, 01:56 PM

,
,

sjsben

June 11th, 2009, 07:35 AM

Dear all,

we have the same problem with you.

We bought 4 units in Dubai Lagoon and signed the ownership agreements with Town Center Management Limited of Schon Properties, but we paid the 75% of the whole price to 3D Venture.

Since 3D venture is closed, we visited Schon on June 8,2009 and had the following answers:
1) they confirm the ownership Agreements with us;
2) They can not confirm whether they received the money from owners, which need minimum 2 months to check for 3D Venture only paid 50% of due payment to Schon.

i want to contact Schon for puting more pressure to them.

Therefore, can you invite more people to form a group to visit Schon Properties and Land Department?
I think this is best way at present to express our anxious to ensure our rights.

If you think it is ok, you can contact me directly through the following email's address at sjsben@gmail.com; or call me at 0502810824.

Hope you can give me response quickly.

Best Regards,

Song

Bapu

June 28th, 2009, 12:46 PM

Zone 3 - Basement complete, ground floor works progressing well.
http://www4.mediafire.com/imgbnc.php/f03145f1c311960fed756b65fe1d00c15g.jpg

Zone 1 - in the distance.
Zone 2 - levelling ground, work to start soon
http://www2.mediafire.com/imgbnc.php/8557982d752b72b48e0d7158dbe920d85g.jpg

light_speed

July 4th, 2009, 10:16 PM

i really hope this project suceeds and investors are rewarded for their patience.

It looked good on paper, but felt it was too far when they approached my PE firm about investing. Fortunately we avoided it. Suprisingly, when doing some research for due dilligence on google, the schon family is unofficially listed as one of the richest pakistani families in the world.

MarcoJ

July 12th, 2009, 06:49 PM

*** FYI ***

dubai proboard website seems having server problem a back group is already been opened on facebook by the name of Dubai Lagoon .

Bapu

July 16th, 2009, 12:29 AM

Photos from Schon Properties:

http://www.mediafire.com/?sharekey=7ddebe9f05d8afe119747bd91027d4dd7b91de6921476c6f

http://www1.mediafire.com/imgbnc.php/1d1111c919e7188a1b06576ae42284706g.jpg (http://www.mediafire.com/imageview.php?quickkey=aj2n2ezjynm&thumb=4)

http://www3.mediafire.com/imgbnc.php/b36c7b411b79af9ca25558ae2c2a8f416g.jpg (http://www.mediafire.com/imageview.php?quickkey=wajbynqjl2d&thumb=4)

building1

August 3rd, 2009, 05:26 PM

The entire large-scale community of Dubai Lagoon being under construction marks major progress for the project.

The developer had recently appointed two independent contractors for the project to ensure accelerated completion and delivery of the project.

Bin Sabt Building Contracting Company and Belhasa Contracting and Engineering Company (BHECC), were named as the two preferred contractors for the Dubai Lagoon project, and are currently engaged in the construction of the 3,786 units and associated facilities within the project.

Bin Sabt Building Contracting Company is constructing the final phase of the Dubai Lagoon project which comprises of 392 residential units, 98 Serviced Apartments and 37 Retail units, and will cover 494,727 square feet of constructed area upon completion.

Bin Sabt Building Contracting Company has appointed Solanki Construction Corporation LLC as their sub contractor, for enabling works on the final portion of the development. Work has commenced and is due to complete in 90 days.

This time will be simultaneously utilized for the submission of plans and obtaining permits from the relevant authorities for the main contract works. In line with this schedule, the raft foundation works are presently on track to commence in October of this year.

BHECC and Bin Sabt, are progressing ahead of schedule in all other parts of the development and the project foresees the delivery of 442 units by the end of 2009. Till date Dubai Lagoon has employed a total of 2 million man-hours and its first eight building structures have been completed up to the 7thfloor. To ensure accelerated development, the project is being constructed with the help of 1000+ onsite workers every day.

'We are thoroughly delighted with the commencement of enabling works in the final phase of the project and the fact that all 3,688 units in Dubai Lagoon are now under construction. I would like to thank our contractors for sharing our diligence and commitment towards our customers and would like to commend them for their outstanding performance and management, that has allowed ahead of schedule progress in many parts of the development,'

said Khizer H. Schön, Executive Director of Schön Properties.

'Our forward planning and management has enabled us to adhere to our commitments even during these times of uncertainty. And even though we have had our share of unforeseen hurdles, we are sure this occasion will reinstate the confidence of our customers in Dubai Lagoon and UAE real estate in general,' he added.

As one of the most affordable residential offerings in Dubai today, Schon is asserting its efforts to ensure they fulfill their commitments to investors in the best possible time and to the highest attainable quality. Upon completion, Dubai Lagoon will be one of the city's most picturesque and fully integrated residential communities.

Parisian Girl

August 5th, 2009, 03:16 AM

http://i30.tinypic.com/2zhqstc.jpg

Dubai Lagoon enters final construction phase

by James Boley Aug 3, 2009

Schön Properties, developers of the US$815 million Dubai Lagoon project, have commenced construction within the final part of the 5.7 million square foot development.

The developer has appointed Bin Sabt Building Contracting Company and Belhasa Contracting and Engineers Company (BHECC) to construct 3,786 units and associated facilities within the project,

“We are thoroughly delighted with the commencement of enabling works in the final phase of the project and the fact that all units in Dubai Lagoon are now under construction,” said Schön Properties executive director Khizer H. Schön.

Bin Sabt has appointed Solanki Construction Corporation as their sub contractor for enabling works on the final portion of the development. Work has commenced and is due to complete in 90 days. This time will be simultaneously utilised for the submission of plans and obtaining permits from the relevant authorities for the main contract works. In line with this schedule, the raft foundation works are presently on track to commence in October of this year.

Schön Properties claims BHECC and Bin Sabt are progressing ahead of schedule in all other parts of the development with delivery of 442 units by the end of 2009. To date, Dubai Lagoon has employed a total of 2 million man-hours and its first eight building structures have been completed up to the 7th floor.

“Even though we have had our share of unforeseen hurdles, we are sure this occasion will reinstate the confidence of our customers in Dubai Lagoon and UAE real estate in general,” said Schön.

http://www.constructionweekonline.com/article-6044-dubai_lagoon_enters_final_construction_phase/

Dubaiiscool:)

August 15th, 2009, 04:52 AM

Dubai: Schön Properties, developers of the Dh3 billion Dubai Lagoon project, have commenced construction within the final part of their 5.7 million square foot development.

The developer recently appointed two independent contractors for the project to ensure accelerated completion and delivery.

Bin Sabt Building Contracting Company and Belhasa Contracting and Engineering Company were named the two preferred contractors for the project, and are currently engaged in the construction of the 3,688 units and associated facilities comprising it.

"We are thoroughly delighted with the commencement of enabling works in the final phase of the project," said Khizer H. Schön, Executive Director of Schön Properties.

Schön is asserting its efforts to ensure they fulfil their commitments to investors in the best possible time and to the highest attainable quality.

Link:http://www.gulfnews.com/business/Development/10340408.html

Chakazoolu

August 15th, 2009, 06:24 AM

I wouldnt be happy living in DIP :( All those electric pylons and trucks clogging up the roads

Dubaiiscool:)

August 15th, 2009, 06:26 AM

^^ Wrong thread

Sorry for that.

234sale

August 20th, 2009, 08:09 AM

I wouldnt be happy living in DIP :( All those electric pylons and trucks clogging up the roads

I have 500 labours about 2 minutes walk away... DIP is basically an industrial area.

celticmonkey

September 1st, 2009, 08:30 PM

podium

October 25th, 2009, 03:53 PM

Where is the people who live in Dubai and who only reading this forum? Why don't you take apart in action? Why do you think that somebody should resolve your problem?
Last year we made actions and put media pressure on Schon. After our actions we got agreement with Belhasa and Bin Sabt.
Now it needs new wave of pressure to continue constructions. Schon don't know other way. Last year i was able to take apart in actions in Dubai, now i'm not, i'm permanent in my country, which is far from UAE. Last year i came to Dubai 3 times SPECIAL for Dubai Lagoon matter!
But last year group had lot of people from overseas (including me). Even if we couldn't come we didn't stop to call, to fax, to send complaints to: Dubai Land Department, RERA, office of HH Sheikh Mohammed, Dubai Police, Dubai Municipality, ALL NEWSPAPERS AND MAGAZINES.
Come on people, our work was very succesfull - Schon got pressure from different levels that time, that because they started to move to build, now they see that no pressure and that they can relax and continue to spend our hard-earned money on their politic frauds in Pakistan, on pretty cars and appartments in Dubai, on clubbing etc.

Why Belhasa not get paid? Where is our money?

You have to laugh. Dubai Lagoons is still a destination for the buses that come to DIP. Couple that with the hundreds of signs that are still up for the now defunct Palisades.................it really is a joke!

desieye

October 26th, 2009, 08:01 PM

http://www.gowealthy.com/gowealthy/wcms/en/home/news/real-estate/Schon-Properties-honored-with-1254901991662.html

Schön Properties honored with two CNBC Awards for Best Projects in Dubai

The CNBC Arabian Commercial Property Awards 2009 has announced Schön Properties as the winners of two awards this year in the categories of the Best Mixed-Use and Best Office Development for their two major real estate developments - Dubai Lagoon and Schön Business Park respectively. The Arabian Commercial Property Awards are run in conjunction with the International Property Awards, the world's most prestigious competition dedicated to finding the best real estate professionals across the globe. Schön Properties are the developers of landmark projects in Dubai as part of their Dh10 billion property portfolio.

Danial H. Schön, VP, Schön Properties, said, "At Schön, our commitment towards the interest of our customers and investors has always been at the very heart of our vision. It is an honor to be recognized for our unwavering dedication. And in addition to marking Dubai Lagoon and Schön Business Park as the best developments across the region, this award will drive us to deliver the quality and confidence our customers have come to expect of us."

Dubai Lagoon, in the heart of Dubai Investment Park, is famed for its deep blue man-made lagoon with a unique filtration system that ensures the water always remains fresh, clear and sapphire blue. The mammoth real estate project recently commenced the last phase of its construction, is due to deliver its first batch of apartments shortly, and has announced the completion of the project's first apartment during October 2009. The Schön Business Park features 410 offices with a capacity to accommodate 4,000 employees and an operator-managed state of the art business centre, which includes facilities such as executive boardrooms & video conferencing. The Arabian Commercial Property Awards will be held at the Madinat Jumeirah, Dubai on October 25, 2009 where they will be presented with their awards.

ladyjean

October 30th, 2009, 07:54 PM

I have 4 units in E18. Paid 50%. Bought in 2005. I called schon today and asked for my money back as they have not laid a brinck for my building. The reply was "this is not company policy!"...
Does anyone have an idea of where I stand. I havent even got the contract yet!!

Even when you get the contract you cannot sign it because they have that many clauses in their favour that would stich you up good style and they will not change them. Fight fight fight them all the way, they have our money and they think they can do what they want. I am based in the UK and I am emailing uk goverment ministers to see if they can help us with our plight. I personnel have been going through this torture from Schon for 3 1/2 years I now dont want an apartment in DL I want MY MONEY BACK and I am will fight them all the way.

f9ity

November 10th, 2009, 01:49 PM

we need 50 people to go to RERA at one go, stand there and meet officials. come on people stand for your right !! wake-up !! I'm willing to fly 12 hours for this action. enough is enough, I'm sick and tired of this disgusting project. arrange a date and I will fly only to attend this protest. 50 intelligent men and women will make a significant different and rera will have big ears to listen, further more media would love such gathering. please plan this event and let me know the date and I will be there.

I want to join hands too. I’m sure if we’re able to take this stand then RERA would have to be all ears. Nothing can be done without meeting these guys. I think we have enough information and fact to go and see them. Anyone knows how we can do this in an organized way?

f9ity

November 10th, 2009, 01:54 PM

I'm at the same situation like you,please let me knows what's going on with your lawyer.
the problem to open case against them you have to pay so much for the court and the lawyer as well.
please send me the update

It’s been like ages since I made the payments for an apartment in the DL but the project seems unending. I was also thinking about resorting to legal proceedings against Schon for failing to meet several delivery deadlines. Please keep me looped up with your legal process as well.

Dubaiiscool:)

November 14th, 2009, 11:18 PM

http://gulfnews.com/polopoly_fs/14-lagoon-andy-1-1.527376!image/254174474.jpg_gen/derivatives/box_475/254174474.jpg

Investors in Dubai Lagoons are getting birthday cards from the project's developer, Schön Properties, rather than the units that are now two years overdue.

The cards, part of a customer service scheme, haven't eased the angst of investors, some of whom demand compensation for the delay in delivery. The project was initially slated for completion in December 2007.

David Schön, vice president of Schon Properties, says zone one of the project will be completed by December, with delivery starting in January. "We will deliver four to five apartments a day, so the delivery process should be completed by the first quarter of 2010. The whole project will be ready by the end of 2011." Investors who have visited the site find this hard to believe. Dubai-based investor NI says, "It is still a sandpit. The buildings that look the closest to completion are just shells."

Schön Properties puts the delays down to changes made by Rera and the RTA. "Initially, we submitted our master plan to Rera, which was then blocked. After two to three months, we found out it was blocked because the RTA had plans to build a Metro station there. The RTA cut 10m into our plot, which meant we had to redesign the whole project of 6 million ft². In order to ensure the buildings weren't affected, we compacted the lagoon by 10m," says Schön.

NI claims the developer knew about this change back in 2005. "This issue with the RTA has been an ongoing dispute since 2005. I, along with some other investors, signed the reservation forms in October 2007, and we were kept in the dark regarding this issue. If I had been told of this complication at the time of purchase, I would not have bought the unit."

NI says an investors group was formed in April 2008 as a result of "construction progress, lack of customer service, false promises, non-issuance of contracts, non acknowledgement of investors' complaints and lack of compensation."

"We have over 3,000 customers and have received complaints from only 2 to 3 per cent," says Schön. "Even though their number is small, for us each customer matters. We have done everything possible to sort the issues out with them." He says every month there is a meeting where investors can visit the site and get construction updates.

Payment plans are another issue. Investors say that while payment is supposed to be linked to construction progress, many have already paid up to 50 per cent without seeing the same progress in construction. "Most of us paid about 50 per cent, but there is not even a single brick laid on our zones," says Viktor, an investor. Tommy, a UK-based investor says, "I asked Schön Properties for a revised payment schedule that is in line with the construction progress, bearing in mind that I have already paid 75 per cent of my unit. They refused and said I would lose the unit if I did not continue with payments."

Schön says, "Rera and the Dubai government have instructed developers to link all payments to construction. You have to pay 30 per cent before construction, and the next instalments are linked to construction progress."

He suspects some investors are unhappy because Rera issued the letters in Arabic, which many can't understand. "It was clearly mentioned in the letter that customers can choose either construction linked or a date based payment system. If they wanted an extension, we gave them the extension."

http://gulfnews.com/business/property/schon-defends-project-delays-1.525346

kevin_1980in

November 15th, 2009, 08:07 PM

I had filed a case towards refund of my investments. I did obtain a judgement but each time the matter went for appeal. The Supreme court of Dubai has now made a final judgement in my favor:banana:.

If anyone needs more information, let me know.

Kev

goldy1

November 17th, 2009, 05:33 AM

Hi Kev, I send you a personal mail, but I'm not sure if I've got it right. You can inform me you have got my mail.I am interested of your court case.Thanks goldy1

rallyman

November 17th, 2009, 09:26 AM

kev i also sent a message ...and would like a little info on court case too !! ....you are the lucky one !!

najam810

November 18th, 2009, 05:20 PM

Kev,

Please send us the information so that we all can take advantage of that firm without wasting our time.

Thank you for your help

goldy1

November 19th, 2009, 04:33 AM

Hi Kev,

you can write the information on this site. Then we can read it all.

Thank you

kevin_1980in

November 19th, 2009, 05:56 PM

Dear all,

Thank you for your messages. I have tried to respond to each and every private message. I am travelling again and I will have limited or no internet access. Many members advised me to to post a thread on http://dubailagoon.proboards.com but I've been unsuccessful (unknown reasons) to register. I'll cover some more points here:-

i. I filed my matter sometime in January 2009 and I obtained my first judgement in Feb/March 2009 - I was made aware that this was the first ever judgement on Law 13. The judgement was in my favour.

ii. I obtained a judgement from appeals court in April 2009, this time again in my favor. This was the first judgement from appeals court.

iii. Schon's lost their appeal before the supreme court. This was the first decision on Law 13, Law 9, property laws by supreme court.

iv. I am told that in addition to my claim I have been awarded interest and compensation.

I have obtained judgements for two other properties (not Schon, other developers) as well through these lawyers and I await decision for few other matters as well.

Good luck to each and all!

If you have any questions or need any information, please let me know.

Kev

goldy1

November 20th, 2009, 06:04 AM

Hi Kev

thanks for your answer. I make contact with Mr Sunil. In the Forum http://dubailagoon.proboards.com I ask for help for the register.

Regards

Goldy1

josephny

November 21st, 2009, 11:27 AM

building1

November 30th, 2009, 01:36 PM

I drove by the project recently. It looks like the first buildings are nearly ready. I guess Q1 or Q2 for handover.

The-King

December 20th, 2009, 02:15 PM

new imagery by Google:

http://img689.imageshack.us/img689/4416/lagoon1.jpg

montranieri

December 21st, 2009, 05:18 AM

As seen in the above image, the first 8 buildings, Zone 1, Lotus was supposed to be delivered Q4 2009. Massive delay again year after year!!!!!!!

this picture should be of august 09.....

sjt

February 7th, 2010, 07:50 AM

Kevin,

Do u mind to share youe email address!!

building1

February 8th, 2010, 12:07 PM

any new photos ?

Ducco

February 17th, 2010, 11:40 AM

http://i45.tinypic.com/10f74eg.jpg

http://i46.tinypic.com/2v96bgx.jpg

http://i48.tinypic.com/wlanao.jpg

http://i46.tinypic.com/dotpq0.jpg

http://i45.tinypic.com/2z9kww2.jpg

http://i50.tinypic.com/2lksiyo.jpg

http://i49.tinypic.com/34o64i8.jpg

http://i49.tinypic.com/1zznq89.jpg

Ducco

February 18th, 2010, 07:54 PM

These photographs are taken well back in November 2009.

Correction: Those pictures were taken on the day they were posted.

agav

March 7th, 2010, 06:43 PM

kevin may I have your email plz?

agav

March 7th, 2010, 06:43 PM

kevi may I have your email plz?

agav

March 7th, 2010, 06:44 PM

kevin may I have your email PLZ?

building1

March 10th, 2010, 01:48 PM

I have not seen any pictures lately. How is the progress ? The first set of houses should be close to completion by now....

building1

April 23rd, 2010, 10:02 AM

Schon Properties, the developer behind the delayed AED3bn ($817m) Dubai Lagoon project, is to ask investors to switch to a new construction-linked payment scheme, in a bid to fast-track building on its 5.7 million sq ft site.

Buyers of flats in delayed buildings will also be invited to swap into apartment blocks with confirmed completion dates, said Danial Schon, vice president, Schon Properties.

The new, RERA-backed payment plan asks investors for an initial 30 percent outlay, followed by a further 10 percent when each of six construction milestones are met.

The final 10 percent is handed over on completion.

“The principle here is that a buyer won’t pay unless they see work,” Schon said. “If investors want to stick to their original plan they can, so it’s very fair. Our main aim is to expedite delivery.”

Of 2,000 buyers, 35 have switched to the new payment scheme, which will be supervised by RERA. The property watchdog will also be tracking the pace of construction.

“The reaction [from investors] has been fairly positive,” Schon said.

A spokesperson for the Dubai Lagoon investment group was not immediately available for comment.

Buyers are currently split across three payments schemes. Around half –or 1,000 buyers – subscribed to a date-based plan that required a payment each quarter. About 600 buyers signed up to a scheme that asked for 50 percent of the unit cost during construction, with the remaining 50 percent paid in monthly installments over a seven-year period after handover. The third scheme followed the same pattern, using a 60-40 split.

Buyers on the seven-year plan will receive an up to 10 percent discount on their repayments if they switch to the new scheme, Schon said.

Schon Properties also confirmed that zones 5,6 and 7 in the project – covering 1,708 of the planned 3,826 apartments – had been put on hold. Zones 1,2,3 and 4 are now being prioritised and buyers are being invited to switch to units in these buildings.

“Most of our buyers are end-users –they just want their homes. I would say the majority, upwards of 80 percent, are interested in moving their investment. They’re reassured they’re going to get a property rather than waiting,” Schon said, adding the firm will suspend any transfer fees for a three-month period.

“Zone 1 will be completed by the end of the year, zone 3 will be the end of next year, and zones 2 and 4 both by the end of 2012.”
Dubai Lagoon is currently two years behind schedule.

Up to 10 percent of Dubai Lagoon investors have defaulted on their payments in the wake of the emirate’s real estate crash, which saw property prices in some areas halve.

“These are people who have paid 15 to 20 percent and would rather walk away than wait,” Schon said. “But most of our buyers are end-users and they did their financial planning."

Schon Properties also confirmed that investors will not be offered a refund on their units, and will not receive a price reduction based on the drop in construction costs seen over the last year.

“We never sold to unreasonable prices. We were selling at AED900 per ft, although the market was at AED1,500, AED1,600. So the answer is no – because our prices were always below the market, in my opinion,” Schon said.

“We can’t facilitate refunds. The priority of our funds is construction, to build the project as soon as possible. We want to deliver this; we’re the biggest loser in any delay. We lose AED1.5m to AED2m for every month we’re delayed.”

Imre

April 24th, 2010, 02:09 PM

Schön Properties announces construction-linked RERA-approved payment plan for AED 3 billion ‘Dubai Lagoon’

RERA to monitor and ensure payments are made based upon completion of the project phases

http://3.bp.blogspot.com/_MJP0UXD31gE/S9LeTVPdu8I/AAAAAAAAprs/nHbYXTZoOVE/s400/Image+01.jpghttp://3.bp.blogspot.com/_MJP0UXD31gE/S9LeT4Vra4I/AAAAAAAApr0/GnsDeNyFnGE/s400/Image+02.jpg

April 24, 2010

Schön Properties has announced the launch of a construction-linked payment plan, which has been approved by the Real Estate Regulatory Agency (RERA) for the AED 3 billion ‘Dubai Lagoon’ project in Dubai Investment Park (DIP). The newly-introduced scheme will ensure that payments will be made based only upon completion of the project phases, which will be monitored through a ‘Joint Monitoring System’ between RERA and developer Schön Properties. The announcement is in line with the developer’s plans to fast track construction of the project despite the global downturn, which has negatively impacted the real estate sector in the region.

At present, construction of the first four phases of ‘Dubai Lagoon’ are continuing albeit at a pace slower than planned, with Zone 1 recording the highest percentage of progress, with all building structures and block works complete. Zones 2 and 4 have reached the completion of each of their enabling works, while construction within Zone 3 is complete up to the second floor slab. In order to expedite and deliver elements of the project by the end of the current calendar year, the RERA-approved plan has scheduled payments, which will be linked to construction milestones in the following instalments: 30 per cent as an initial deposit, and 10 per cent upon every completion of enabling works, basement floor slab, ground floor slab, second floor slab, fourth floor slab, and sixth floor slab. A final 10 percent will be due upon completion and handover of the project.

“The ‘Dubai Lagoon’ is a mega-project, and this fact motivates us to partner with RERA to ensure that its completion will be fast-tracked,” said Sonia H. Schön, Executive Director, Schön Properties. “At present, RERA is taking major steps to manage the payments associated with the project and monitoring the construction status and has also met with investors, whom they have advised to shift to the construction-linked RERA-approved payment plan. This will allow them to pay only when they see actual progress being made, in order to protect their interest. However, all buyers still have the right to stick to their original contract without anyone forcing them to change. In addition, we are working very closely with our contractors to monitor construction progress and our fervent appeal is for investors to retain their confidence, as we maintain ours, that the project will be completed and delivered to them.”

Both RERA and the Dubai Land Department have expressed their endorsement of the new payment plan for ‘Dubai Lagoon’, which will not only speed up the delivery of the project, but also ensure increased transparency for the developer, investors, contractors and all associated parties. Customers who are already on a 7-year payment plan are set to receive a discount from their selling price upon shifting to the construction-linked RERA approved payment plan. Furthermore, all zonal transfers will follow the RERA approved construction linked payment plan and can be accommodated based on availability to an earlier completion zone. Schön has also stated that investors affected by their decision to defer construction of Zones 5, 6, and 7, can be shifted into Zones 1, 2, 3 and 4 with the new construction linked payment plan, free of any transfer fees up till next 3 months.

More info and bigger pics here:

http://imresolt.blogspot.com/2010/04/schon-properties-announces-construction.html

Parisian Girl

April 29th, 2010, 02:47 AM

Investors in the Dubai Lagoon project in Dubai Investment Park are to be charged AED1000 to register their off-plan purchases with the interim registry, despite a delay of up to two years on the project that shows little sign of providing compensation.

by Ben Roberts on Apr 27, 2010

The so-called Ogood system from the Dubai Land Department aims to register all properties on the AED3 billion project, without which owners will not be able to obtain their title deed later, nor be able to resell or transfer the unit, according to the newsletter to investors.

Sources from the Dubai Lagoon Investment Committee – the investor consortium - have revealed that the charges were not transparent from the beginning as the Interim Registry is a new entity, and that AED4,750 was demanded three months ago. Others argue that property does not have to be registered until it is sold – eliminating the need to pay at the construction stage.

At the same time, Schon Properties, the developer, is to encourage investors to switch to a new instalment plan in which payments will only be made when phases are completed – a move it says will boost transparency but that will give some investors paying in a different system no choice but to comply.

Dubai Lagoon has been severely delayed with greatly uneven development, leading to a lawsuit against the company by a consortium of investors two years ago. Though Zone 1 has all building structures and block works complete, Zones 2 and 4 have completed enabling works, while construction within Zone 3 is only complete up to the second floor slab.

Developments in zones 5, 6 and 7 have ground to a halt, the company has acknowledged.

The new scheme will be overseen by a ‘joint monitoring system’ between the company and the Real Estate Regulatory Agency (RERA) – which has approved the plan along with the Dubai Land Department.

The payments will be structured as 30% as an initial deposit, and 10% upon every completion of enabling works, basement floor slab, ground floor slab, second floor slab, fourth floor slab, and sixth floor slab. A final 10% will be due upon completion and handover.

This is opposed to some investors paying 50% for unit construction and 50% over a seven-year period. These investors will be offered between 10%-20% discount if they change to the new payment system, according to Schon Properties, though this is yet to be finalised.

Sonia Schon, executive director, said all buyers still have the right to stick to their original contract without anyone forcing them to change.

But if investors in units in Zones 5, 6 and 7 are to accept the repatriation to a property in Zones 1, 2, 3 and 4 they will have to abide by the new payment plan.

Further, investors say that specifications for units in zones 1, 2, 3 and 4 are understood to be very different to those in zone 5-7, meaning they will end up purchasing something different to their original intentions.

In an interview with Construction Week, Sonia Schon denied that investors were being forced into the new payments system if they wanted to obtain a property or unit any time soon. However, she added: “Right now our priority is for those who will switch their payment method”.

She acknowledged that any ‘Anticipated completion date’ clause in the original contract signed by investors that promised compensation would be honoured given the length in delay for the project overall. “If there is a compensation clause then there would be an adjustment for them,” she said.

However, this compensation cannot be used by zones 5-7 investors as a down-payment on their new unit in zones 1-4, as the compensation would only be assessed and distributed at the handing-over stage.

Minutes from a meeting with DLIC spokespeople and Schon reveal that the committee members agreed with the idea of a change in payment plan but demanded a greater discount to attract investors.

Full refunds for investors are not an option, she added, and did not think the company would face further legal action. >> Source (http://www.constructionweekonline.com/article-8175-aed1000-charge-adds-to-dubai-lagoon-investor-bill/)

Imre

May 9th, 2010, 09:30 PM

Schön Properties awards AED 82.25 million construction contract to Commodore Contracting LLC

Developer aims to accelerate construction within Zone 2 and 4 of AED 3 billion ‘Dubai Lagoon’ project

http://3.bp.blogspot.com/_MJP0UXD31gE/S-b5vMe-UqI/AAAAAAAArKQ/avjORrC2IKA/s400/Sch%C3%B6n+Properties.jpg

May 09, 2010

Schön Properties, a leading regional property developer, has announced that it has awarded an AED 82.25 million construction contract to Commodore Contracting LLC, in line with its aims to accelerate construction within Zones 2 and 4 of the AED 3 billion ‘Dubai Lagoon’ project. This new agreement, which will involve all concrete & block works, double basement, superstructure, water proofing and related works for both zones with a combined built up area of 1,412,648 square feet, will pave the way for more streamlined development of the site. Commodore Contracting joins the project’s existing contractors, Bin Sabt Building Contracting Company, which has almost completed the structure of Zone 1 and Belhasa Contracting and Engineering Company (BHECC), who are already on site with an intensified construction program planned for Zone 3.

With building permits already issued and mobilization of cranes already started for Zone 2, actual construction is expected to start within three weeks and the ground floor will be hit by mid-September, according to the schedule set by the contractor. At present, Commodore Contracting is setting up its offices on site, and is scheduled to commence concrete pouring in Zone 2 by the third week of May, with Zone 4 to follow after a month. Other deadlines set under the contract are the 15-month allocation for the superstructure, block work and water proofing, which will start from date of transfer of building permit, and a 4 to 5-month deadline for the double basement. More than 30 engineers, foremen and executive staff will be working on the project, along with approximately 300 labourers for each of the zones, to ensure the completion by the end of 2012.

More info:

http://imresolt.blogspot.com/2010/05/schon-properties-awards-aed-8225.html

building1

May 10th, 2010, 09:36 AM

same good news for a change...

x117a

May 26th, 2010, 08:13 AM

Hello All,

I purchased a unit in what is now Zone6 back in 2005, and as the rest of you have no firm completion date and now no firm construction start date. I am now looking at possible legal action against the developer and would like to know if anyone has gone down that route and if so what law firm or lawyer was used. Any information anyone has would be greatly appreciated.

Thanks in advance for any replies.

Imre

May 26th, 2010, 04:52 PM

Schön Properties completes AED 48 million ‘Dubai Lagoon substation’

132-11 kVA substation to ensure uninterrupted power supply within master community

http://2.bp.blogspot.com/_MJP0UXD31gE/S_0zNrTMGrI/AAAAAAAAsBA/m3hDcNz6kBA/s400/Dubai+Lagoon+1.jpg

May 25, 2010

Schön Properties, a leading regional property developer, has announced that the 132-11 kVA ‘Dubai Lagoon’ substation, for which the developer had invested a total sum of AED 48 million, has been completed by DEWA and is ready to be commissioned. Built to ensure uninterrupted electricity supply for the massive community project, the substation is part of the developer’s commitment towards the prompt completion of all infrastructure that will facilitate the delivery of a major public utility among the tenants, leading up to the scheduled handover of the project, with Zone 1 slated for the end of 2010.

Dubai Electricity and Water Authority (DEWA) and Schön Properties have anticipated the extent of power required for a master community such as ‘Dubai Lagoon’ to reach 65 to 70 megawatts (MW). However, the substation has been constructed with a total capacity of 108 MW in order to accommodate any additional requirements, and was completed by DEWA in a span of 20 to 24 months. The completion of the substation is an indication of the developer’s desire to ensure investors receive quality finished apartments in addition to amenities, particularly electricity, which is a cause for concern within certain areas of the UAE.

“The completion of a dedicated substation for the exclusive use of ‘Dubai Lagoon’ underlines our commitment to satisfy the energy needs of our tenants,” said Danial Schön, Vice President, Schön Properties. “DEWA has been most supportive in helping us in our goal to provide uninterrupted electricity to homes and offices, which will ensure convenience and security for all our investors. This excellent development also underscores our unwavering focus on the delivery of the ‘Dubai Lagoon’ project, which encompass not only the residential and commercial spaces but also the facilities that make it a complete self-sustaining master development.”

http://imresolt.blogspot.com/2010/05/schon-properties-completes-aed-48.html

building1

June 6th, 2010, 08:49 AM

The announcement follows the awarding of an infrastructure design contract, valued at Dhs1.5m, to the Italy-based consultant, who is working closely with contractors Bin Sabt Building Contracting Company, Belhasa Contracting and Engineering Company (BHECC), and Commodore Contracting as well as Mazaya, the project's consultants. In addition, the developer is currently reviewing many high profiles companies specialized in infrastructure works to shortlist the companies who will be invited to bid once the design is completed, with a view towards appointing a contractor thereafter.

Schön Properties revealed that the infrastructure will be built in stages, with a total of three months allocated for each stage, in line with its aims to finish the infrastructure works according to schedule and deliver the project's zones within their stipulated deadlines. Sinergo is currently working on the complete network design for the supply of electricity, water, drainage, storm water, street lighting, chilled water, irrigation, telephone and LPG across the entire 'Dubai Lagoon' project.

In addition, the company is also in charge of the project's hard features such as fountains, water features and other architectural and sculptural accents, as well as its soft features, which include extensive green areas, flowering annuals, perennials and trees. Furthermore, Sinergo has also been tasked to work on the project's leisure facilities including the lagoon and its surrounding design, sandy beaches and other common areas.

"The infrastructure design of the 'Dubai Lagoon' project is a critical element to the success of the development; therefore, we have ensured that this vital phase will be handled by a company with the highest regard for quality benchmarks,"

said Asher H. Schön, Vice President, Schön Properties.

"We have made a decision to partner with Sinergo for their excellent track record and extensive experience in working in projects with the same massive scale and scope as 'Dubai Lagoon'. We are working closely with them to ensure that all quality guidelines are met within the pre-determined deadlines specified for each stage, and we are looking forward to starting the construction phase within the next few months," he added.

Established as a result of a merger of reputable names in engineering services - Sinergo Engineering Srl and Elettrostudio SpA, Sinergo SpA combines the two companies' respective capabilities in the fields of civil and structural engineering and technical systems and energy.

By leveraging the added value of multidisciplinary engineering developed through constant exchange and contact between different technical cultures, the company offers solutions that meet the customer's requirements in the infrastructure, services, healthcare and research, industrial and energy sectors.

Headquartered in Maerne di Martellago, Venice, the company has been involved in the construction of several iconic projects in the UAE, through its offices in Dubai and Abu Dhabi.

"We have built a reputation for unique uncompromising quality design works within the regional construction sector by keeping a firm commitment to ensuring highest construction standards for the design implementation of some of the biggest landmark project across the UAE. In doing so, we are guided by an internal multidisciplinary approach that allows for an integrated assessment of all the requirements, and our focus on consolidating relationships with various partners to develop global integrated engineering services and gain excellence in project designing solutions. For this project, our priority is to ensure that the infrastructure design of the 'Dubai Lagoon' will contribute towards achieving its goal of creating a new architectural landmark in Dubai," concluded Achraf Ibrahim, Managing Director, Middle East Branch - Sinergo.

In addition to the infrastructure design agreement with Sinergo, Schön Properties has also previously awarded several multimillion-dirham contracts for the project, including a recent Dhs82.25m construction deal to Abu Dhabi-based Commodore Contracting. At present, the company is reporting fast-paced progress on Zones 2 and 4, with structural works for Zone 1 already completed and the MEP (Mechanical, Electrical & Plumbing) contractor is almost on board to execute the MEP required works and the other finishing works that are currently under process. The structure of Zone 3 is set to be completed by contractor Belhasa at the end of this year, while the structure for Zones 2 and 4 are expected to be completed within 18 months.

Imre

June 23rd, 2010, 09:38 AM

Schön Properties reports impressive progress on ‘Dubai Lagoon’ project

Developer credits collaborative efforts with contractors and suppliers as primary driver of fast-paced construction

http://1.bp.blogspot.com/_MJP0UXD31gE/TCG4NUOUxXI/AAAAAAAAsJc/vzE--GsGbVI/s400/Dubai+Lagoon+(2).jpghttp://4.bp.blogspot.com/_MJP0UXD31gE/TCG4NDcgc5I/AAAAAAAAsJU/t2r8__0XppU/s400/Dubai+Lagoon+(1).jpg

June 23, 2010

Schön Properties, a leading regional property developer, has reported impressive progress on its ‘Dubai Lagoon’ project, with the developer crediting its collaborative efforts with contractors and suppliers as the primary driver of the fast-paced construction. The announcement bodes well for Schön Properties’ commitment to deliver the project’s phases within their stipulated individual deadlines, starting with Zone 1, which is due for completion by the end of 2010. The developer also revealed that it is currently in the process of short listing leading companies to be invited to bid on the infrastructure works, MEP and other finishing works for the project.

Expected to be delivered the earliest, Zone 1 is the closest to completion, with main contractor Bin Sabt revealing that they are expecting to finish building C+10 first, to be followed by C9, H11, and C12 by November. The second batch, which will include buildings C7, C8, C13, and C14 are targeted for delivery by year-end. On Zone 3, main contractor Belhasa is set to commence works on buildings A19 and A23, with plans to construct three to four slabs per month on the entire zone. With a view to complete the full structure within the next 12 months, and the MEP works and finishing 6 to 7 months thereafter, the contractor is confident that the zone will be ready for delivery by the end of 2011.

“The strong sense of cooperation among all our contractors and suppliers plays a pivotal role in the impressive speed by which this monumental project is being built, which will enable us to deliver the initial phases on schedule,” said Danial H. Schön, Vice President, Schön Properties. “We are very happy to report the outstanding milestones we have achieved in the construction of ‘Dubai Lagoon’, in line with the commitment we made to our valued investors.”

With backfilling for Zone 2 already completed and the pouring of the concrete blinding almost finished, the appointed waterproofing contractor BMC is gearing up to complete the waterproofing under the raft foundation within the next two weeks. Main contractor Commodore Contracting further announced that the raft foundation steel works has already started, with the double basements to be completed in 4 months and the ground floor slab to be casted within the next 5 to 6 months. On the other hand, the building permit for Zone 4 has already been transferred and backfilling is nearing completion. In addition, Commodore Contracting is gearing up to commence works on Zone 4 as per the schedule set for Zone 2, with a one-month lag.

http://imresolt.blogspot.com/2010/06/schon-properties-reports-impressive.html

KajaCZE

June 25th, 2010, 02:20 PM

Very good news.

Parisian Girl

June 30th, 2010, 12:10 AM

http://i49.tinypic.com/346uavc.jpg
Zone 2 of the Dubai Lagoon project covers 1.1m square feet and is due to be completed before the end of 2012.

Subcontractors soon to bid for Lagoon contracts

by Elizabeth Broomhall on Jun 29, 2010

Subcontractors will be able to bid for the MEP and other finishing works contracts on the infamous Dubai Lagoon project within the next three to four months.

The unique residential project, being developed by Schön Properties, will require one or two additional contractors for each set of works, depending on the size of the subcontractor.

For Zones 2 and 4 specifically, there are seven subcontracts still outstanding, including the MEP and elevator contracts, as well as those for finishing works such as joinery, paint work, marbling and kitchen fit outs.

Meanwhile, Zone 3, which is scheduled for completion at the end of 2011, will also be requiring subcontractors to carry out the MEP works.

Salah Yatim, the Project Director for Commodore Contracting Company, the main contractor for Zones 2 and 4, said: “We will be finalising the other packages for zones two and four with Schön in the near future.

“Each package will be awarded according to the plan for the program of works. One or two subcontractors will be required depending on the size of the company and whether or not they can cope with the work across the two Zones.

Vice President for Schön Properties Danial Schön said: “We will hopefully be inviting companies to bid for the additional subcontracts for Zones 2, 3 and 4 in the next three to four months, depending on the market conditions.”

The development, which currently covers 1.9 million square feet and consists of four separate residential zones, will be handed over to end users in stages, with different contractors working on different Zones at different times.

The MEP works for Zone 1 have already begun with a view to handing over the first eight residential towers before the end of 2010. >> Source (http://www.constructionweekonline.com/article-8771-subcontractors-soon-to-bid-for-lagoon-contracts/)

Imre

July 4th, 2010, 04:15 PM

Schön Properties awards contract to build main water features within ‘Dubai Lagoon’

Crystal Lagoons to complete ‘pilot lagoon’ surrounding Zone 1 by end of 2010

http://2.bp.blogspot.com/_MJP0UXD31gE/TDCWi6_kXzI/AAAAAAAAsPU/PkwOoEOFJb4/s400/Sonia+H.+Sch%C3%B6n.jpghttp://3.bp.blogspot.com/_MJP0UXD31gE/TDCWiv8WYYI/AAAAAAAAsPM/QcaHVz8C_i8/s400/Dubai+Lagoon.jpg

July 04, 2010

Schön Properties, a leading regional property developer, announced that it has awarded Crystal Lagoons Corporation, the world-renowned developer of unlimited sized lagoons, the contract to build the main water features within its ‘Dubai Lagoon’ project. The developer further announced that a pilot lagoon is expected to be completed in time for the scheduled handover of Zone 1 by the end of 2010, thereby affording new tenants of the 442 units within the first zone to be delivered excellent lagoon views from their apartments. According to company officials, the pilot lagoon will be spread over a land area spanning approximately 5,191 sq. m, and will require close to 3.5 million gallons (US gallons) of water.

The contract specifies that Crystal Lagoon will be responsible for the construction, maintenance and technical controls of all the lagoons, which will feature intense turquoise blue water that resembles tropical seas. The lagoon system will also boast of permanent remote operation and control to ensure optimum quality and crystalline water at any moment. Through the contractor’s revolutionary crystalline lagoon technology, the project’s focal element is ensured to be environmentally-friendly and easy to maintain. The water features for the master community project will be developed in sync with the different zones, with the entire lagoon set to occupy a land area of 21,255 sq. m. In total, over 14 million gallons (US gallons) of water would be required to fill the lagoon, which will have a maximum depth of 2.5 metres.

“As the central feature of the ‘Dubai Lagoon’ development, these lagoons represent the tranquil vibe that we seek to offer tenants, in addition to a sense of community and friendliness, which these majestic yet calming attractions can inspire among residents,” said Sonia H. Schön, Executive Director, Schön Properties. “In our focus to offer only the best to our customers, we are collaborating with Crystal Lagoons Corporation for the construction of this very important element of our project. In addition to their strong global repute, the company also enforces eco-friendly processes that complement our own environmental ideals.”

More info here:

http://imresolt.blogspot.com/2010/07/schon-properties-awards-contract-to.html

ankarajasekar

July 4th, 2010, 04:29 PM

djgrog

July 11th, 2010, 09:41 AM

Comprehensive article on the Lagoons in this week's Construction Week.

Parisian Girl

July 13th, 2010, 01:11 AM

http://i31.tinypic.com/9hnzbl.jpg
Zone 3: Belhasa has finished block works on the basements and will soon start work on the super structures.

Lagoon low-down

by Elizabeth Broomhall on Jul 12, 2010

Four years after it was launched, the notorious 529,500m2 Dubai Lagoon project is at last making good progress - with the first four zones scheduled for handover by 2012.

Characterised by a series of delays, contract terminations and bad feeling between developers and investors, one might say the project got off to a rough start.

Today, with its three main contractors working cooperatively, but separately, across four ‘Zones’, Dubai Lagoon looks more like a construction site. Materials are delivered by the tonne. Manpower on site is increasing. Towers are beginning to rise.

“Cooperation is key,” says Schön Properties’ project manager Walid Ahmed. “Everyone has to work together to facilitate access, loading and movement on site.”

Incidentally, Belhasa Contracting and Engineering Company, Bin Sabt Building Contracting Company and Commodore Contracting have never worked together before. However, the three companies, which replaced the original contractor Powerline Group, seem to be getting along just fine.

“Initially there were some logistic issues that arose from having three contractors working on one plot,” says Belhasa’s senior project manager Talha Alvi.

“It was difficult to maintain the access roads and access at the entrance gate. But now, through the coordination of Mr Ahmed, we are using a pass system to access the site, which is well controlled and working nicely.”

According to Ahmed, the developer appointed three main contractors so as not to “put all their eggs in one basket”, and to speed up the delivery of the project. Bin Sabt is working on Zone 1, while Commodore handles Zones 2 and 4 and Belhasa oversees Zone 3.

Zone 1
As the first part of the project to be handed over, Zone 1 is scheduled for completion before the end of the year. Its eight residential towers, the thrust of a 46,076m2 total built-up area, will provide 442 residential apartments to patient investors.

A lagoon will sit in front of the towers, creating a scenic view for residents at the top. “Each tower will consist of a single basement, ground floor, another eight floors, plus the roof,” says Ahmed.

Bin Sabt’s managing partner Ahmed Suliman, whose team only joined the development as contractors a year ago, is optimistic about the Zone’s progress. “The super structure works, i.e. the reinforced concrete and block works, are almost complete and the finishing works will soon be in full swing,” he says. “The MEP works have begun and the order for the elevator has been placed with Al Arabia (Sigma, South Korea).”

Certainly construction of the Zone appears to be on schedule, with total man hours standing at 1,296,000. Executives at Bin Sabt confirmed they had cast 35,062m3 of concrete supplied by Safemix, and gone through 4,642,472 kgs of steel provided by Gulf General Steel.

But with the hand-over date just months away, it is important the developer does not wait too long to appoint new subcontractors. Still to be awarded are contracts for the aluminium and GRC works, the ceramic supply, joinery work, marbling and false ceiling work.

As more subcontractors are appointed, the number of men on site is expected to increase from 200 to 1,200 at any one time.

Adding to the pressure is the fact that upon delivery, Zone 1 will have its own ETS (Electrical Thermal Storage) room, linked to a chilled water system, to provide air conditioning for the project.

Located in the basement of the mosque or ‘Zone 9’, it must be put in place for the Zone to be handed over on time. “We will probably start construction in about six weeks and finish in October,” says Ahmed.

Alongside the main contractor, Emirates District Cooling company will be the district cooling service provider for the ETS Room, with an MEP contractor yet to be assigned.

According to the developer, the lagoon, (one of several planned for the project) is also scheduled for completion “in time for the Zone’s delivery”.

Supplied by the Chilean firm Crystal Lagoons Company, it will rely on patented ‘crystalline lagoon technology’, which involves extraction of water from the ocean, to create a pool of clear water, which is then re-circulated and replaced as per predefined parameters.

Extremely energy-efficient compared with conventional pool systems, the lagoons may make up for a lack of energy-efficient technology in the residences themselves.

Zone 2
With an estimated completion date of December 2012, Zone 2 can afford to be a bit behind. Having only just finished the concrete blinding, and with 40% of the waterproofing still to go before the contractor can add the protective concrete layer, managers at Commodore Contracting anticipate it will take two months before the raft foundation will be completed. Nevertheless, the Zone appears to be making excellent progress, the steel reinforcement already delivered to site and a large proportion of it laid down in preparation for casting.

“The blinding concrete layer is done, and we have started laying down the steel, so we shall start casting the first part of the reinforced concrete some time in July,” says Commodore’s project director Salah Yatim.

“We have 200 workers across the two Zones, which will peak at around 750. Add that to the 250 subcontractor workers, and we’ll have 1000 workers across the two sites.”

As it happens, there are seven subcontracts still open on Zone 2, including those for the MEP, finishing and elevator works. “We will be finalising the other packages with Schön in the near future,” confirmed Yatim.

“One or two subcontractors will be required for each set of works, depending on the size of the company and whether they can cope with work across two Zones.”

Schön Properties’ vice president Danial Schön says: “We will be inviting companies to bid for the additional subcontracts for the Zones in the next three to four months, depending on the market conditions.”

Already awarded are the contracts for the steel supply, (won by BRC), waterproofing works, (awarded to BMC) and the concrete supply, (won by Ghaladari).

On completion, the 425,24m2 built-up area will accommodate 491 residents across five towers. To make this possible, the contractor has already gone through 5,129,226kgs of steel, 47,000m3 of concrete and 1,017,900 man hours.

Zone 3
Zone 3 is somewhere between 1 and 2. Main contractor Belhasa has awarded all of its subcontracts, bar the finishing works, and completed the block work required for the sub-structure/basement.

With a view to completing in 2011, it will begin the block work for the super structure in four months. “M/S Sensaire is contracted to do the MEP works and Al Arabia will most likely supply the lifts,” says Alvi.

“We have 250 people on site now but that will to go up to at least 300 when we start on the super structure.”

With the aim of providing 688 residential units, Zone 3 is the biggest section under construction, with a total built-up area of 676,40m2.

In contrast to the other Zones, the two largest buildings will divide into two from the sixth floor upwards to provide rooftop apartments. Also unlike other Zones, the firm is getting its steel from three suppliers - Emirates Rebar, Al Gurg Building Services and G2 International.

Safemix and SS Lootah are providing concrete, and Helios was responsible for the waterproofing.

Alvi, who seems happy with the progress the Zone is making and pleased that the project is finally picking up after so many delays, said: “To date we have used 4,457,155kgs of steel, cast 35,644m3 of concrete and used 1,515,969 man hours.”

Zone 4
Identical to the buildings in Zone 2, Zone 4 is also being handled by Commodore Contracting. With the hopes of providing 497 apartments across a built up area of 425,24m2 by the end of 2012, contractors have made a good start on the excavation and backfilling work in order to even out the ground levels.

Concrete blinding is set to begin soon, increasing the amount of steel used, concrete cast and man hours, which respectively stand at 5,129,226kgs, 47,000m3, and 1,017,900. Though it has a lag period of one month behind Zone 2, contractors believe it will take less time to complete construction on Zone 4 due to its location and ease of access to the site.

Commodore branch manager Shadi Khuzam says: “Zone 4 is moving faster due to logistic reasons – it is easier for workers, machinery and materials to access the site.” He adds: “At the moment we have 170 workers across both sites but we expect that to increase, especially when we start the block work and masonary work for the Zones.”

To speed up construction, he refers to use of a post-tension system. Faster than the conventional system, it will allow work to speed up and money to be saved. >> Source (http://www.constructionweekonline.com/article-8880-lagoon-low-down/)

Parisian Girl

July 15th, 2010, 05:07 PM

Jul 15, 2010: A look at progress being made on the ambitious Dubai Lagoon project

http://i28.tinypic.com/214v4e9.gif http://i31.tinypic.com/2djnypt.gif

http://i28.tinypic.com/2liempk.gif http://i29.tinypic.com/w2ljec.gif

http://i28.tinypic.com/10rqrm0.gif http://i25.tinypic.com/1t3lh2.gif

http://i30.tinypic.com/33axfmw.gif http://i30.tinypic.com/nznktz.gif

http://i29.tinypic.com/zuqqfa.gif http://i27.tinypic.com/347b7mg.gif

http://i30.tinypic.com/5xpe6r.gif http://i27.tinypic.com/16m22w4.gif

>> Source (http://www.constructionweekonline.com/article-8963-in-pictures-dubai-lagoon-site-visit/)

wc14

August 1st, 2010, 09:09 PM

edit

wc14

August 1st, 2010, 09:09 PM

wooooow very big this project

Parisian Girl

October 6th, 2010, 04:06 AM

Dubai Lagoon phase one to be completed by mid-2011 http://www.constructionweekonline.com/article-9675-dubai-lagoon-phase-one-to-be-completed-by-mid-2011/

Parisian Girl

October 9th, 2010, 12:26 AM

By Shane McGinley | Thursday, 7 October 2010 4:20 AM

http://www.arabianbusiness.com/incoming/article355493.ece/ALTERNATES/g3l/dubailagoon2.jpeg
Handover of the project’s first residential units is slated to begin in February next year

Schon Properties, the developer behind the delayed AED3bn ($817m) Dubai Lagoon project, has said handover of the project’s first residential units is slated to begin in February next year.

“We are working at full speed,” Danial Schon, vice president, Schon Properties, told Arabian Business.

Eight buildings in the zone 1 phase of the project are nearing completion, he said. The zone’s eight towers are then scheduled for handover at a rate of two a month and Schon is forecasting that all 442 units will be occupied by July 2011.

The project, which is more than two years behind schedule, comprises seven zones across a 5.7 million sq ft site. Earlier this year, Schon Properties confirmed that zones 5, 6 and 7 in the project – covering 1,708 of the planned 3,826 apartments – had been put on hold, to prioritise the construction of zones 1,2, 3 and 4.

“The entire project, all seven zones, could take up to five years [to deliver] but the first five zones, which is what is sold, those zones will be 2012,” Schon said.

More than 90 percent of Dubai Lagoon’s 2,000 investors defaulted on their payments in the wake of the emirate’s real estate crash, which saw property prices in some areas halve. Relations between Schon Properties and its investors soured, as progress on the site slowed to a crawl.

In April, the developer asked investors to switch to a new construction-linked payment scheme, in a bid to fast-track building on the Dubai Lagoon site.

Buyers of flats in delayed buildings were also invited to swap into apartment blocks with confirmed completion dates.

“We are facing AED3.5 to AED4m a month in overheads on the Dubai Lagoon project… Every day [delayed] that goes by we lose AED100,000 so it is not in our interest to delay,” Schon said.

The RERA-backed payment plan asked investors for an initial 30 percent outlay, followed by a further 10 percent when each of six construction milestones was met. The final 10 percent is handed over on completion.

Jamal Sirhi, of the Dubai Lagoon Investors Committee (DLIC), said the scheme had prompted a “huge” improvement in communications. Schon Properties operates an “open-door policy” he said, adding that investors received daily updates on site progress.

Arabian Business (http://www.arabianbusiness.com/developer-of-delayed-dubai-lagoon-pledges-february-delivery-355497.html)

minichori

October 9th, 2010, 11:00 AM

one question.. what they will do with high-tension wires?? because it's ugly and dangerous..

izziere

November 23rd, 2010, 04:24 AM

Drove by the site yesterday and one of the blocks has been painted. Fair play to them, they have got on with things in the past few months. That said, original completion date was September 2007 so let's not congratulate them too much.

Face81

February 7th, 2011, 02:59 PM

More delays.....

Fresh delays for troubled $817m Dubai Lagoon project

By Shane McGinley Monday, 7 February 2011 9:07 AM

http://www.arabianbusiness.com/incoming/article355493.ece/ALTERNATES/g3l/dubailagoon2.jpeg
Under construction buildings at Dubai Lagoon site, pictured in October 2010

Dubai Lagoon, the delayed AED3bn ($817m) real estate project, will fail to meet a February deadline for handover of its first residential units, the developer behind the plot has said.

Handover will be pushed back five months to July after delays in utility connections put the project behind schedule, the vice president of Schon Properties told Arabian Business.

“We are a little bit delayed because of infrastructure issues, which we are tackling now,” Danial Schon said.

Essential infrastructure, such as water and electricity substations, had proved slow, but the developer is “in the process of signing contracts,” he said.

Schon in October said eight buildings in the zone 1 of the project were nearing completion and that delivery would begin in February at a rate of two buildings a month.

Schon had previously pledged to work at “full speed” to meet the handover deadline. The development is currently more than four years behind schedule.

“We are facing AED3.5 to AED4m a month in overheads on the Dubai Lagoon project… Every day [delayed] that goes by we lose AED100,000 so it is not in our interest to delay,” Schon said last year.

Dubai Lagoon, which spans seven zones across a 5.7 million sq ft site, was among the dozens of real estate projects in Dubai that facing funding issues following the collapse of the emirate’s property market in 2008.

Hundreds of the project's 2,000 investors defaulted on their payments as construction on the site slowed to a crawl.

In April 2010, Schon asked investors to switch to a new construction-linked payment scheme, in a bid to fast-track building on the Dubai Lagoon site.

Buyers of flats in delayed buildings were also invited to swap into apartment blocks with confirmed completion dates.

In early 2010, Schon Properties suspended work on zones 5, 6 and 7 – covering 1,708 of the planned 3,826 apartments – to push through the construction of zones 1,2, 3 and 4.

“The entire project, all seven zones, could take up to five years [to deliver] but the first five zones, which is what is sold, those zones will be 2012,” Schon said last year.

Schon had initially forecast that all 442 units in zone 1 would be occupied by July 2011, but handover is now likely to be completed towards the end of the year.

Source (http://www.arabianbusiness.com/fresh-delays-for-troubled-817m-dubai-lagoon-project-379036.html)