#TOPPED OUT: ZUMURUD, 30F Res

[Krazy]

Just got a mail from Better Homes.... a real special project to be launched this month. Since it's approved and we have a confirmation, I think we can start a thread for this one and update when we get more info (I am going to speak to the agent tomorrow and find out more info).

This is not the EMAAR towers we know about. It's a Bin Hamoodah project.

http://i1.tinypic.com/o8yy3q.jpg

[dubaiflo]

finally they r thinking of more creative names :rofl:

mhm district 5 is the downpart (jebel ali direction) of the marina.

[malec]

So should be a smallish tower then. Something about 20F or so?

[Krazy]

this will be released on feb 21.... should have more info by feb 20.

@ flo, if it's that end of dubai marina, why do they make it sound like it's right next to marina walk?! that's dubai real estate agents for u :bash:

[dubaiflo]

marketing.
didn't you know that Burj Al Arab is in walking distance from the torch ;)

but i am actually sure this is the "lower" :lol: marina

[Krazy]

^^^ and u can also get an apartment on the 5th floor of dubai star tower in JLT which has "palm jumeirah" view :) (shocking but that's what an agent told me)

[Krazy]

this is a 30 floors tower. InshAllah tomorrow I will visit their stall at the international property exhibition and try to get the render or picture of the model if it's up on display.

[Dubai-Lover]

their description makes it sound like an excellent project

at least 30 floors sounds good

excited for the render and if it looks as good as they say

[dazz]

here it comes!

http://www.strategiy.com/news%5C20060221050212%5Czumurud-tower.JPG

[Dubai-Lover]

looks quite ok
a bit like gargash tower honestly

we need a bigger render

khatib alami is the architect will add it to emporis

[dubaiflo]

http://www.tradearabia.com/source/2006-02/21/tower.jpg
better render



completion in late 2008
starts in april 2006

[Dubai-Lover]

mine is better :D

http://i1.tinypic.com/o8yy3q.jpg

[dubaiflo]

you are just bigger than we all...
but dazz is the smallest :runaway:

[thedubailife]

Look very intresting...but the best thing i love is how every render always has loads of green space around it which in reality is space for another tower.

But i'm sure there will be quite a bit of green space in the marina anyway.

[Krazy]

this is probably the shittiest location in dubai marina.... i have pictures of the model and the location, will post them tomorrow inshAllah

[dazz]

:lol: :lol:

btw. if you look closely you can see that there's many differences between D-L's render and renders posted first

[Krazy]

walking distance from marina walk my ass btw, these agents can be such dick heads while advertising, u'll need at least a segway to get to marina walk from this plot in 10 minutes

[dubaiflo]

well the problems is the definition of 'marina walk' maybe the whole promenade will be marina walk.

anyway, district 5 is always shitty location.. ok not everything, but usually.

[Dubai-Lover]

Zumurud apartment tower launched at IPW

Zumurud ('Emerald'), in the heart of Dubai Marina, was launched at the International Property Week exhibition which opened at the Dubai Conference Centre yesterday offering freehold purchasers a choice of spacious studio, one and two bedroom apartments, plus four each of deluxe three and four bedroom apartments.
United Arab Emirates: 5 hours, 41 minutes ago

http://www.ameinfo.com/images/news/4/22104-bhomes.jpg
Zumurud ('Emerald') at Dubai Marina was launched at the International Property Week exhibition at the Dubai Conference Centre yesterday (21/02/2005). Better Homes has been appointed exclusive marketing and sales agents for the 30-storey luxury residential tower by the developer Bin Hamoodah Group.

Better Homes, the leading real estate company with over 20 years of solid reputation in the region, has been appointed exclusive marketing and sales agents for the 30-storey luxury residential tower by the well respected developer Bin Hamoodah Properties of Abu Dhabi. Established over 25 years ago, the Bin Hamoodah Group has diverse business activities and is a successful and well-respected company.

The contracting company, which will be decided in March through tenders, will commence construction in April 2006 with a completion date in late 2008. The building was designed by Khatib and Alami. Founded in 1963, the global company has been ranked among the top 100 International Design firms as published by the Engineering News Record (ENR).

Zumurud, which offers value for money and flexible financing plans, will be finished to an extremely high standard and will feature all the amenities of a luxury apartment dwelling including a large swimming pool and Jacuzzi, a fully equipped gym, health club including saunas and steam rooms for men and women, play area plus a romantic Marina Café.

The apartments will feature spectacular all-round views, large balconies, free parking, 24-hour security backed up by CCTV, high speed Internet access and centralized satellite television.

[Krazy]

http://i43.photobucket.com/albums/e357/sahmad1/3ab827c1.jpg

[Krazy]

http://i43.photobucket.com/albums/e357/sahmad1/P1010455.jpg

[Krazy]

http://i43.photobucket.com/albums/e357/sahmad1/9a22a5ef.jpg

[dubaiflo]

rather ugly in that model.
nice pool though. :)

[Alle]

Is Zumurud arabic, if so what does it mean?

[Dubai-Lover]

emerald, it's mentioned in the press releases
please read :D

[dubaiflyer]

The back of the tower looks much better than the front where the choice and mix of colours on the model detracts from what might otherwise be a reasonable design. As with other projects, however, there are likely to be improvements and revisions as the scheme progresses....hopefully!

[dubaiflo]

exact location krazy?

[DUBAI]

:puke:

[Krazy]

I think it's the plot right between ARY Marina View and Dreams

[Krazy]

I think it's the plot right between ARY Marina View and Dreams

[Dubai-Lover]

now under c

http://www.zumurud.com

[Dubai-Lover]

july 30

http://i7.tinypic.com/21myr8l.jpg

[Krazy]

what's going on at the site? excavation?

[Krazy]

today by Imre

http://img65.imageshack.us/img65/3735/img3573ic8.jpg

http://img182.imageshack.us/img182/5028/img3571wn1.jpg

http://img182.imageshack.us/img182/3756/img3572gx0.jpg

[Imre]

26/01/2007

Zumurud

http://img153.imageshack.us/img153/1493/photo169zt8.jpg (http://imageshack.us)

[Krazy]

good to see some work on site.. thanks for the update

[Stephan23]

31.01.2007

http://img265.imageshack.us/img265/5075/photo007pi1.jpg (http://imageshack.us)

[Imre]

Gulfnews today has a big advert of Zumurud (half page)

studio from 449.000
1 br from 799.000

5 % downpayment
up to 90% finance of National Bank of Abu Dhabi

more info www.zumurud.com

http://img148.imageshack.us/img148/5526/dxb7gt0.jpg (http://imageshack.us)

[Imre]

I wrote them yesterday and today got an email:

Thank you for interest in Zumrud Dubai Marina, the luxurious address of
Dubai,
For 1BR apartment price start from AED 799.179
For 2BR apartment price start from AED 1,452,400

Attached is the FAQ sheet for your info


Frequently Asked Questions

What is ZUMURUD?

ZUMURUD TOWER is located in the heart of legendary Dubai Marina offering high quality, stylish ocean view studio, 1, 2 & 3 bedroom apartments. In addition ZUMURUD also incorporates a variety of on site recreational, wellbeing And retail amenities.

Where is ZUMURUD?

ZUMURUD is located in Dubai Marina, in the heart of New Dubai, close to Burj Al Arab and Ibin Batotah mall.

Who are the Developers of ZUMURUD?

Bin Hamoodah Properties are the developer of Zumurud, they are part of the local Bin Hamoodah Group.

Further information on the Bin Hamoodah properties can be obtained on

www.binhamoodahproperties.ae

Who are the Design Architects and Engineers?

Khatib & Alami the prestigious consultant firm

Who will build ZUMURUD?

Unec, the contractor of the prestigious trident tower in Dubai Marina

Where is the Sales Office?

Bin Hamoodah Building, Khalifa Street, Abu Dhabi, UAE.

Tel: 0097126176792

SPECIFICS OF ZUMURUD

• Studios, one, two, three bedroom apartments and penthouse.

• Modern fitted kitchens

• En suite bathrooms

• Spectacular views of Dubai Marina

• Health complex with gymnasiums, spa, pool, kid's pool and multi purpose tenant’s room,

• Two main entrances, one for the studio and one bed room, the other for the two , three bed room and penthouse section.

• Linked underground parking consisting of three basements.

What Finishes and Amenities will be included?

• Contemporary tile/stone floor and wall finishes

• Modern interior design quality kitchens

• Contemporary interior design bathrooms and cloakrooms

• Built in wardrobes

Building Features

• Modern double glazed façade

• High quality electrical and mechanical services

• On site security and security systems

• High technology TV and data systems

• Safety systems including sprinklers and zoned alarm systems

• Modern, interior designed high quality circulation areas

• Prestigious entrance two lobbies and reception area

What Assurance Do I Have That The Project Will Offer Quality & Durability?

The Developer has over 25 years experience in the UAE .They are Committed to providing high quality durable apartments, which will provide both luxury homes and long-term real estate Investment potential
The only building with 2 entrances, one for big family (2 & 3 B/R) the other for (Studio & 1 B/R)
All bedrooms are master with bathroom
We did not start the sale before construction to convince people
Have a look on our properties in Abu Dhabi
High safety, each room with fire fighting sprinklers
2 Pools (kids & Adults)
Special loading lift
What Is The Payment Schedule?

• 5 % Initial Payment

Reservation Form document to be signed at the time of purchase other installments are:

5 % AFTER 2 MONTH

15 % AFTER 4 MONTHS

15 % AFTER 8 MONTHS

15 % AFTER 12 MONTHS

15% AFTER 16 MONTHS

15 % AFTER 20 MONTHS

15 % ON HANDING OVER OF THE UNIT

Is Finance available?

Yes, 90% finance available from National Bank of Abu Dhabi

Whom shall I contact regarding finance from NBAD bank?

Akram Jaboor mobile: 0504603720 land: 02 6111964

Anderea D'suza mobile: 0506427368 land: 026111814

What Is A Reservation Form?

A Reservation Form is a binding contract between the Purchaser and Seller in relation to the purchase and sale of the property specified therein.

Except as specified in the Reservation Form, the Reservation Form is irrevocable and the payments due hereunder are non-refundable.

When Will The Building Be Completed?

Construction is started in June 2006. Development is estimated to be a 30 month and will be completed in June 2009.

Is Parking Available?

Yes, a price of AED 35,000 will be charged for one car park for each studio, one, two and three bedroom apartments.


Can I Sell My Property To A Third Party?

Yes, after the 3rd payment (25%). A transfer fee of 2% will be applicable.

I Would Like To Purchase In ZUMURUD. What Do I Do Now?

Come to our office in Abu Dhabi, call 9712 6176792 to get the direction.

What are the prices and areas of units?

Available in the price list

Does the area of the unit include service area and common area?

No.

Any furniture is included in the kitchen?

Hood + S. Steel Sink + Kitchen Cabinets

Any white goods there?

No, for our experience each person like different sizes and quality

What is the construction status?

Foundation is completed, work on full speed.

Can I change some of the finishes?

Yes.

What are the service charges?

There will be a master developer charge to be identified by Emaar. Service charge for maintenance of the building & utility charge currently it is at the level of 7 -10 Dhs/sqf

What the life span of building in UAE?

40 – 50 years

What is the cash price discount?

8%

What is the Bulk buyer discount?

5%

What is the cash & bulk discount?

10%

What other information to tell?

in Dubai, real estate prices are doubled in 2 year
Good investment as rent of 1 studio is 60,000 – 70,000 Dhs, 1 B/R is 90,000 Dhs, 2 B/R is 140,000 Dhs.
New Marina Mall under progress, 3 minutes walking time + Yacht Club
What documents I need to buy?

Passport copy, cheque of 5% in the name of Zumurud Real Estate LLC, if company trade license is required.

[Imre]

When Will The Building Be Completed?

Construction is started in June 2006. Development is estimated to be a 30 month and will be completed in June 2009.

June 2009 is correct

What is the construction status?

Foundation is completed, work on full speed.


every day I see more and more workers here

[Imre]

pics from developer , today

"Attached are the site construction progress photos for the month of
FEB.
As you can see, shoring piles and dewatering completed, excavation
under progress."


http://img338.imageshack.us/img338/3655/feb2007009gm5.jpg (http://imageshack.us)http://img255.imageshack.us/img255/6083/pict8352ta8.jpg (http://imageshack.us)
http://img338.imageshack.us/img338/1312/pict8360sk2.jpg (http://imageshack.us)http://img402.imageshack.us/img402/7658/pict8390tx7.jpg (http://imageshack.us)
http://img266.imageshack.us/img266/7659/pict8395kg7.jpg (http://imageshack.us)http://img402.imageshack.us/img402/1415/zumurudlocationdg4.jpg (http://imageshack.us)
http://img402.imageshack.us/img402/3493/zumurudlocationveiwmw8.jpg (http://imageshack.us)

[Krazy]

http://img402.imageshack.us/img402/3493/zumurudlocationveiwmw8.jpg

:lol:

[dubaiflo]

SA boy was saying sth about new WTB...

[Plet]

It is not directly near the water? I mean will they built something in front of it, that will destroy the view over the Marina?

[Imre]

front of this tower has another plot. Arshia (Orra) Marina

[Imre]

April update from the developer:

http://img293.imageshack.us/img293/3744/47545346bf2.jpg (http://imageshack.us)

http://img293.imageshack.us/img293/1701/68380685cv6.jpg (http://imageshack.us)

http://img172.imageshack.us/img172/4210/75765270fc6.jpg (http://imageshack.us)

http://img172.imageshack.us/img172/6619/96984999ju4.jpg (http://imageshack.us)

http://img172.imageshack.us/img172/73/91793522hq9.jpg (http://imageshack.us)

http://img172.imageshack.us/img172/2142/image001ut0.jpg (http://imageshack.us)

[Imre]

15/May/2007

Zumurud

http://img517.imageshack.us/img517/8596/imresolt05dn6.jpg (http://imageshack.us)

http://img517.imageshack.us/img517/3407/imresolt06wj7.jpg (http://imageshack.us)

[Imre]

22/May/2007

ZUMURUD

http://img525.imageshack.us/img525/4761/imresolt06tn6.jpg (http://imageshack.us)

http://img406.imageshack.us/img406/61/imresolt11nb6.jpg (http://imageshack.us)

[Imre]

23/June/2007

ZUMURUD from JBR

http://img526.imageshack.us/img526/6715/imresolt123mz0.jpg (http://imageshack.us)

[Imre]

03/Aug/2007

ZUMURUD

http://img504.imageshack.us/img504/8279/imresolt202ob8.jpg (http://imageshack.us)

http://img254.imageshack.us/img254/8941/imresolt203se4.jpg (http://imageshack.us)

http://img508.imageshack.us/img508/4997/imresolt204na8.jpg (http://imageshack.us)

http://img508.imageshack.us/img508/6047/imresolt205yn0.jpg (http://imageshack.us)

[Imre]

rising soon

14/August/2007

ZUMURUD


http://img389.imageshack.us/img389/665/imresolt06gb2.jpg (http://imageshack.us)


http://img103.imageshack.us/img103/800/imresolt07lu5.jpg (http://imageshack.us)

[bizzybonita]

anyone know that plot on front of zumurud belong to who ???which developer ...

[Imre]

^^

Orra Marina

http://www.skyscrapercity.com/showthread.php?t=378327

[bizzybonita]

thnx imre for ma Q...mmm what about that's site on front orra marina from opposite side .. ???

[Imre]

we dont know, but True Blue said , Cayan project

[bizzybonita]

^^ a huge invesment no doubt .....iam really thnx yea imre :)

[Imre]

from the developer:

ZUMURUD- REACHING THE GROUND!!

Below are the last few available units that u can still buy direct from
the
developer:

STUDIO:

STUDIO TYPE C # 208, FLOOR # 2, AREA 398 SQF, PRICE: AED 541,688, ROAD
VIEW
.

STUDIO TYPE C # 307, FLOOR # 3 , AREA 398 SQF, PRICE: AED 538,000,
PARTIAL
MARINA VIEW

STUDIO TYPE D # 603, FLOOR # 6, AREA 374 SQF, PRICE: AED 545,000,
PARTIAL
MARINA VIEW

STUDIO TYPE A # 1604, FLOOR # 16, AREA 398 SQF, PRICE: AED 604,600,
PARTIAL
MARINA VIEW .

STUDIO TYPE A# 1809, FLOOR # 18, AREA 398 SQF, PRICE: AED 599,000, ROAD
VIEW
.

STUDIO TYPE A # 1910, FLOOR # 19, AREA 398 SQF, PRICE: AED 601,900,
SHAIKH
ZAYED ROAD VIEW .



ONE BED:

ONE BED TYPE C # 511, FLOOR # 5, AREA 790 SQF, PRICE: AED 898,000,
SHAIKH
ZAYED ROAD VIEW + BALCONY

ONE BED TYPE E# 205, FLOOR # 2 , AREA 894 SQF, PRICE: AED 952,000,
PARTIAL
MARINA VIEW + BALCONY

ONE BED TYPE B# 305, FLOOR # 3, AREA 840 SQF, PRICE: AED 961,000, ROAD
VIEW
+ BALCONY

ONE BED TYPE B# 1506, FLOOR # 15, AREA 840 SQF, PRICE: AED 1,091,000,
PARTIAL MARINA VIEW + BALCONY

ONE BED TYPE B # 1705, FLOOR # 17, AREA 840 SQF, PRICE: AED 1,101,000,
PARTIAL MARINA VIEW + BALCONY

ONE BED TYPE B # 1806, FLOOR # 18, AREA 840 SQF, PRICE: AED 1,106,000,
PARTIAL MARINA VIEW + BALCONY

ONE BED TYPE A # 1902, FLOOR # 19, AREA 977 SQF, PRICE: AED 1,393,000,
FULL
MARINA VIEW + BALCONY



2 BED:

2 BED TYPE B # 2004, FLOOR # 20, AREA 1672 SQF, PRICE: AED 1,827,000,
PARTIAL MARINA VIEW + BALCONY

2 BED WITH MAID TYPE C # 2202, FLOOR # 22, AREA 1515 SQF, PRICE: AED
1,963,000, FULL MARINA VIEW + BALCONY

2 BED TYPE A # 2406, FLOOR # 24, AREA 1383 SQF, PRICE: AED 1,668,000,
SHAIKH
ZAYED ROAD VIEW + BALCONY


3 BED:

3 BED TYPE A # 2801, FLOOR # 28, AREA 2225SQF, PRICE: AED 2,822,000,
FULL
MARINA VIEW + BALCONY

3 BED WITH MAID TYPE B # 2802, FLOOR # 28, AREA 2360 SQF, PRICE: AED
2,992,000, FULL MARINA VIEW + BALCONY

Payment plan:

Initialï€ ï‚•5 % Payment

Reservation Form document to be signed at the time of purchase other
installments are:

5 % AFTER 2 MONTH

15 % AFTER 4 MONTHS

15 % AFTER 8 MONTHS

15 % AFTER 12 MONTHS

15% AFTER 16 MONTHS

15 % AFTER 20 MONTHS

15 % ON HANDING OVER OF THE UNIT

ALL AREAS ARE NET, NO COMMON AREA INCLUDED

ALL PRICES INCLUDE ONE FREE CAR PARK

TO VIEW FLOOR PLANS PLEASE VISIT www.zumurud.com

OFFER IS VALID FOR 3 DAYS ONLY

http://img395.imageshack.us/img395/2350/zumurud1as7.jpg (http://imageshack.us)

http://img138.imageshack.us/img138/4171/zumurud2ka8.jpg (http://imageshack.us)

[Imre]

05/November/2007

Zumurud

http://img181.imageshack.us/img181/2882/imresolt42qj6.jpg (http://imageshack.us)

http://img181.imageshack.us/img181/3686/imresolt43ge7.jpg (http://imageshack.us)

http://img262.imageshack.us/img262/3112/imresolt44vb1.jpg (http://imageshack.us)

[Imre]

from the developer:

Dear clients and potential clients, as we are committed to the QUALITY
of
ZUMURUD, we are delighted to inform you that we signed an agreement
with m/s
Sanitary materials to supply ROCA of Spain sanitary wears and HANSA
GROHE of
Germany mixers, to ZUMURUD TOWER @ DUBAI MARINA.

http://img223.imageshack.us/img223/4508/roca1bv9.png (http://imageshack.us)

http://img90.imageshack.us/img90/4295/roca2wu3.png (http://imageshack.us)

http://img406.imageshack.us/img406/9734/roca3hm2.png (http://imageshack.us)

http://img90.imageshack.us/img90/215/zumurudlocationveiwws5.jpg (http://imageshack.us)

[Imre]

from the devoper:


"I'm delighted to inform you that we have casted today the 1st floor of
Zumurud tower.

At this stage the contractor, M/S UNEC, is 66 days ahead of the
scheduled
program.

Congratulation for the right choice"

[Wannaberich]

Am looking at buying a studio or 1 bed in the marina.Is this a good project to go with in terms of location,quality and price?I am on a budget or can anyone recommend another project.Also where do owners advertise their units so as to go direct and avoid charges for real estate agents?

[Wannaberich]

--

[Imre]

Am looking at buying a studio or 1 bed in the marina.Is this a good project to go with in terms of location,quality and price?I am on a budget or can anyone recommend another project.Also where do owners advertise their units so as to go direct and avoid charges for real estate agents?

yesterday I had a long meeting with the developer (Bin Hamoodah) in Abu Dhabi and I never thought that this is a huge and quality company.

I saw their references which are really quality (Almaha Rotana,Bin Hamoodah Tower-Abu Dhabi) and I saw some pics of their projects like Late Hamoodah Bin Ali Mosque-Al Ain ,villas , etc..

I also saw some photos about the Zumurud, kitchen , interior etc.. and after I bought 2 studios there. Size is small apr. 400 sqft but I think it will be very good for short or long term renting , price was apr. 550K.
I wish I bought earlier but I was always lazy to go to Abu Dhabi and find out more information about this company.

I can just recommend this project , I know the location is not too perfect but not bad, close to the Yacht Club,Marina Mall,beach etc..and for these price you can not find anything in the marina.

Very strong developer and fast main contractor (UNEC), completion date is apr June 2009 , yesterday they promised 1 floor/7 days and they will make a sample apartment soon.

If the quality will be the same which I saw yesterday , Zumurud will be one of the best quality in the marina.

If your budget is apr. 1 m , buy 2 studios , they have a few left.

[Wannaberich]

yesterday I had a long meeting with the developer (Bin Hamoodah) in Abu Dhabi and I never thought that this is a huge and quality company.

I saw their references which are really quality (Almaha Rotana,Bin Hamoodah Tower-Abu Dhabi) and I saw some pics of their projects like Late Hamoodah Bin Ali Mosque-Al Ain ,villas , etc..

I also saw some photos about the Zumurud, kitchen , interior etc.. and after I bought 2 studios there. Size is small apr. 400 sqft but I think it will be very good for short or long term renting , price was apr. 550K.
I wish I bought earlier but I was always lazy to go to Abu Dhabi and find out more information about this company.

I can just recommend this project , I know the location is not too perfect but not bad, close to the Yacht Club,Marina Mall,beach etc..and for these price you can not find anything in the marina.

Very strong developer and fast main contractor (UNEC), completion date is apr June 2009 , yesterday they promised 1 floor/7 days and they will make a sample apartment soon.

If the quality will be the same which I saw yesterday , Zumurud will be one of the best quality in the marina.

If your budget is apr. 1 m , buy 2 studios , they have a few left.
Thanks for the info.Was at the site couple of weeks ago and seemed a good location.Next to mall and bridge to the beach and good prices.Will take another look at it.

[Tractor]

I'm still waiting for them to get back to me with availability and a price list :(

[Wannaberich]

I'm still waiting for them to get back to me with availability and a price list :(
Could u let me know when u get an answer?thanks

[dubaifirst]

Imre, what do you think about the view from a studio type A on 16th floor, will this have any partial marina views considering whats being built in front of Zumurada?

[Imre]

yes I think will have because the Orra (Arshia) Marina will not use the whole plot front of the Zumurud.

[dubaifirst]

Thanks, Imre.

[dubaifirst]

Am looking at buying a studio or 1 bed in the marina.Is this a good project to go with in terms of location,quality and price?I am on a budget or can anyone recommend another project.Also where do owners advertise their units so as to go direct and avoid charges for real estate agents?

I am also looking at it at present, however the current price for a studio is not cheap at nearly 1500 aed/sqft, but I presume this is the current studio prices for new launches.

[Imre]

I'm still waiting for them to get back to me with availability and a price list :(

I think if you write here , they will answer soon:

zumurud@binhamoodahproperties.ae

[mackie1964]

Email back within 10 minutes!!

Dear Sir,
I'm happy that you decided to be one of Zumurud special owners
Below are the prices of the few units left that you can buy direct from us without brokerage commission:


STUDIO:
STUDIO TYPE A # 213, FLOOR # 2, AREA 398 SQF, PRICE: AED 530,000, MARINA BRIDGE VIEW .
STUDIO TYPE A # 513, FLOOR # 8, AREA 398 SQF, PRICE: AED 540,000, MARINA BRIDGE VIEW .
STUDIO TYPE A # 1303, FLOOR # 13, AREA 398 SQF, PRICE: AED 595,500, PARTIAL MARINA VIEW .


ONE BED:

ONE BED TYPE B# 311, FLOOR # 3, AREA 840 SQF, PRICE: AED 972,500, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE D # 602, FLOOR # 6, AREA 1368 SQF, PRICE: AED 1,554,000, FULL MARINA VIEW + BALCONY
ONE BED TYPE B # 1705, FLOOR # 17, AREA 840 SQF, PRICE: AED 1,100,500, PARTIAL MARINA VIEW + BALCONY

2 BED:

2 BED WITH MAID TYPE C # 2202, FLOOR # 22, AREA 1515 SQF, PRICE: AED 1,962,500, FULL MARINA VIEW + BALCONY
2 BED TYPE A # 2106, FLOOR # 21, AREA 1383 SQF, PRICE: AED 1,643,500, SHAIKH ZAYED ROAD VIEW + BALCONY

Payment plan:
Initial 5 % Payment
Reservation Form document to be signed at the time of purchase, other installments are:

5 % AFTER 2 MONTH
15 % AFTER 4 MONTHS
15 % AFTER 8 MONTHS
15 % AFTER 12 MONTHS
15% AFTER 16 MONTHS
15 % AFTER 20 MONTHS
15 % ON HANDING OVER OF THE UNIT


ALL AREAS ARE NET, NOT GROSS, NO COMMON AREA INCLUDED
ALL PRICES INCLUDE ONE FREE CAR PARK
TO VIEW FLOOR PLANS PLEASE VISIT www.zumurud.com

Please decide which unit you are interested in and let me know

I'm waiting for your reply

Accept my Regards,


Reyad Yakot
0506612889


P. O. Box: 203 Abu Dhabi
United Arab Emirate

Tel: 0506612889
Fax: 009712 6261386
E-mail : reyad@binhamoodah.ae
www.binhamoodahproperties.ae

[Imre]

06/December/2007

Zumurud

http://img220.imageshack.us/img220/3236/imresolt173mh0.jpg (http://imageshack.us)

http://img146.imageshack.us/img146/1958/imresolt167gy0.jpg (http://imageshack.us)

http://img138.imageshack.us/img138/4983/imresolt193wt4.jpg (http://imageshack.us)

[BigMacDubai]

Does anyone know what - if anything- is going to be built on the empty beach plot (I think it's 392-444) on the left side next to Arshia facing the waterfront, now still sandy beach?

[i love dubai]

I only requested a list of what is available and instead I recieved reservation forms for a studio in an email from Zumurd with passport info and and a name that is not mine.
I forwarded the email back to them explaining that it was sent to the wrong person.
It is scary to know that personal information can go to anyone just like that.

[dubaifirst]

I was looking into buying 3 studios but figures don,t add up. The price of a studio ranges from 1350 AED to 1500 AED/sq foot which is 25% higher than the launch price, so the money has been already made. If you look at Silverene which IMO is a better tower the price in April 07 was 560,000 for 600 sqft studio which works out at 933 AED/ sq ft.I believe we might have missed the boat with this one as you can easily pick up a completed or nearly completed studio for 1500AED/sqft top price. Anyone who pays over 1200AED/sq ft for any off plan studio is taking a big risk IMO.It surprises me that developers keep putting prices up and up leaving very little room for investors to make a decent return on their capital.If you tell me the Price now is a 1000 AED/sq ft, If you forecast a 50% rise on completion at 1500 AED /sqft then I ,ll be queuing to buy, but for this price, no its not for me.

[Imre]

Does anyone know what - if anything- is going to be built on the empty beach plot (I think it's 392-444) on the left side next to Arshia facing the waterfront, now still sandy beach?

that is Cayan plot , they will do something there:)

[Imre]

I was looking into buying 3 studios but figures don,t add up. The price of a studio ranges from 1350 AED to 1500 AED/sq foot which is 25% higher than the launch price, so the money has been already made. If you look at Silverene which IMO is a better tower the price in April 07 was 560,000 for 600 sqft studio which works out at 933 AED/ sq ft.I believe we might have missed the boat with this one as you can easily pick up a completed or nearly completed studio for 1500AED/sqft top price. Anyone who pays over 1200AED/sq ft for any off plan studio is taking a big risk IMO.It surprises me that developers keep putting prices up and up leaving very little room for investors to make a decent return on their capital.If you tell me the Price now is a 1000 AED/sq ft, If you forecast a 50% rise on completion at 1500 AED /sqft then I ,ll be queuing to buy, but for this price, no its not for me.

I dont think so that is a big risk , If I see the market now ,same size of studios in the Marina Diamond 2 , for sale apr. 650-700K , for rent 70-75K/year for long term for short term 9K/month..If you have a studio the size not really important , just see the JBR , that is big size but rent is apr 80K/year.

[CIPUS]

Dubai's real estate prices likely to remain high if rent cap stays
By Cleofe Maceda, Staff Reporter
Published: December 07, 2007, 00:10


Dubai: Dubai's real estate prices are not likely to stabilise in the next five years if the rent cap is not lifted and the government does not implement measures to add supply to the market, experts said on Thursday.

A study of the real estate sector by the Dubai Chamber of Commerce and Industry (DCCI) revealed supply and demand of real estate will reach equilibrium only in 2023, provided the government does not interfere or impose new policies.

"Equilibrium is when demand equals supply, and prices do not increase any more - they remain steady," said Dr. Belaid Rettab, director of DCCI's Data Management and Business Research.


--------------------------------------------------------------------------------



--------------------------------------------------------------------------------


Rettab said imposing a rent cap will only delay the process of stabilising the market, so it is not the best solution to address price hikes. "As supporters of a liberal business environment, we prefer not to have rent caps," he said.

"The simplest solution to preventing price hikes is to add supply to the market. The government has to support the development of the mortgage sector, and at the same time provide finance facilities to developers so they can build more. That will allow injections in the supply side of real estate," Rettab said.

The government can play a major role in diversifying the supply of residential and commercial properties by introducing more financial incentives to encourage developers to "focus more on a particular sector", Rettab added.

"It could as well provide long-term guarantees for the revenues. So the government could develop different measures to manipulate the supply and demand," he said.

The DCCI study revealed that real estate prices have increased by a cumulative annual growth rate of 10 per cent in the medium term.

The long term increase was four per cent, which translates into an average price increase of seven per cent, which is equivalent to the current rent cap imposed by the Dubai government.

The study revealed that government policies that positively influence population, income, cost and availability of financing, buyers' tastes and preferences, and the buyers speculation about the future prices will contribute to the increase in demand.

The increase in supply will be determined by the cost of production inputs, financing, construction technology and expectation of future demand.

[BigMacDubai]

I understood the plot right opposite Zumurud on the other side of the water could be Cayan's, yes that makes sense with the other Cayan developments on that side.
But the plot next to Arshia on the same side of the water as Zumurud is also Cayan's? They wouldn't be able to build much there if they have to keep a
15m distance from the other buildings...
And if it still is, any idea if it will be low rise or high rise?

[Imre]

that is just one plot front of the Zumurud and Westside .

next to Orra ( Arshia) Marina has this plot:

http://www.skyscrapercity.com/showthread.php?t=441729

[BigMacDubai]

Thanks Imre. I actually mean the plot in front of this 392-443, on the waterfront and next to Arshia? If not, that would be very good news...

[Imre]

yes, I know that plot but still nothing.

got from the developer:


"Dear Zumurud Owners,

As a part of our service to you, we would like to draw your attention
to a new trend in the real estate market

Now some of the developers are selling gross apartment area to
customers, which means they include the services area, lobbies, lifts and other
common areas in the apartment area to reduce the price per square foot.

We ,in ZUMURUD, selling net area which is the area of the flat only.

We thought that it is necessary to let you know about that, if you
decide to purchase another apartment.

Accept our regards"

[True Blue]

^^ You should request clarification of "net" from the developer. The problem with area is that no one clearly defines what is included and what is not. You would think by now this would be resolved but I get the feeling it suits the developers to keep this "grey".

In most developments the area includes the thickness of the walls of the apartment unless it is a party wall then only half of the wall is considered.

In the UK the valuation is on a net floor area basis but this is measured from inside the walls not outside. Is this what Zumurud consider the net area of apartments or do they include the wall thickness? Worth clarifying.

[dubaifirst]

Thanks for the feedback Imre and congratulations on your purchase, you never know , with studio prices at the Marina mall starting from 1.5 Million, zumurud might double in price soon as it is a very short walk to the Mall. I am sure you know what you doing.

[Morten_Denmark]

I am in too with a tiny studio !

Here is the latest list of the left-overs. Prices are rising fast and have increased more than twice the last weeks - the prices below was also corrected yesterday. Unfortunately I was too slow and yesterdays increase hit me. Anyway this is the market and I will just have to go back to the stores and return the christmas gifts and put the dog on a diet :-)





Dear Sir,

Im Happy that you decided to be one of Zumurud special owners.

below are the prices of the few units left that yuo can buy direct from us, without brokerage commission:



STUDIO:

STUDIO TYPE A # 213, FLOOR # 2, AREA 398 SQF, PRICE: AED 593,500, MARINA BRIDGE VIEW.

STUDIO TYPE A # 408, FLOOR # , AREA 398 SQF, PRICE: AED 613,000, PARTIAL MARINA VIEW.

STUDIO TYPE A # 1109, FLOOR # 11, AREA 398 SQF, PRICE: AED 619,000, MARINA BRIDGE VIEW.

ONE BED:

ONE BED TYPE B# 311, FLOOR # 3, AREA 840 SQF, PRICE: AED 972,500, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE D # 602, FLOOR # 6, AREA 1368 SQF, PRICE: AED 1,554,000, FULL MARINA VIEW + BALCONY
ONE BED TYPE E # 1711, FLOOR # 17, AREA 840 SQF, PRICE: AED 994,500, SHAIKH ZAYED ROAD VIEW + BALCONY

ONE BED TYPE B # 1705, FLOOR # 17, AREA 840 SQF, PRICE: AED 1,100,500, PARTIAL MARINA VIEW + BALCONY

2 BED:

2 BED WITH MAID TYPE C # 2202, FLOOR # 22, AREA 1515 SQF, PRICE: AED 1,962,500, FULL MARINA VIEW + BALCONY

2 BED TYPE A # 2106, FLOOR # 21, AREA 1383 SQF, PRICE: AED 1,643,500, SHAIKH ZAYED ROAD VIEW + BALCONY

Payment plan:

Initial 5 % Payment

Reservation Form document to be signed at the time of purchase, other installments are:



5 % AFTER 2 MONTH

15 % AFTER 4 MONTHS

15 % AFTER 8 MONTHS

15 % AFTER 12 MONTHS

15% AFTER 16 MONTHS

15 % AFTER 20 MONTHS

15 % ON HANDING OVER OF THE UNIT

ALL AREAS ARE NET, NOT GROSS, NO COMMON AREA INCLUDED

ALL PRICES INCLUDE ONE FREE CAR PARK

TO VIEW FLOOR PLANS PLEASE VISIT www.zumurud.com

[Imre]

18/December/2007

Zumurud

working today

http://img339.imageshack.us/img339/5236/imresolt32qy4.jpg (http://imageshack.us)

http://img100.imageshack.us/img100/9412/imresolt33zi4.jpg (http://imageshack.us)

http://img339.imageshack.us/img339/3415/imresolt34jk6.jpg (http://imageshack.us)

http://img100.imageshack.us/img100/2955/imresolt35cj6.jpg (http://imageshack.us)

http://img339.imageshack.us/img339/9584/imresolt39js2.jpg (http://imageshack.us)

http://img520.imageshack.us/img520/3250/imresolt40ah2.jpg (http://imageshack.us)

http://img100.imageshack.us/img100/6929/imresolt43vs6.jpg (http://imageshack.us)

http://img413.imageshack.us/img413/2764/imresolt47es9.jpg (http://imageshack.us)

[Imre]

I am in too with a tiny studio !



congratulations, they will increase prices from January, 10 % and maybe change the payment plan as well.

[Morten_Denmark]

congratulations, they will increase prices from January, 10 % and maybe change the payment plan as well.

Thanks Imre

I believe the studios in Zumurud can be nice cash cows doing short term rental.

Actually, I do not know if short term rental will be allowed in this building ? I have not bothered asking knowing that this can quickly change - it happend at JBR.

[Imre]

I think the short term rental will be allowed there.

[Imre]

26/December/2007

Zumurud

http://img442.imageshack.us/img442/3889/imresolt01oa0.jpg (http://imageshack.us)

[Imre]

27/December/2007

Zumurud, pics from the office

http://img242.imageshack.us/img242/8466/imresoltz01pm5.jpg (http://imageshack.us)

http://img176.imageshack.us/img176/2093/imresoltz02xx7.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/4629/imresoltz03rd4.jpg (http://imageshack.us)

http://img201.imageshack.us/img201/8950/imresoltz04qc0.jpg (http://imageshack.us)

http://img411.imageshack.us/img411/1846/imresoltz05hh4.jpg (http://imageshack.us)

[Imre]

27/December/2007

Bin Hamoodah Tower, Abu Dhabi (developer office)

http://img411.imageshack.us/img411/2007/imresolt24qt8.jpg (http://imageshack.us)

http://img176.imageshack.us/img176/1295/imresolt25gx1.jpg (http://imageshack.us)

http://img176.imageshack.us/img176/6287/imresolt33ry9.jpg (http://imageshack.us)

http://img201.imageshack.us/img201/8784/imresolt35uc8.jpg (http://imageshack.us)

[Morten_Denmark]

Thank you Imre for the pictures. Nice to see that the developer is not just a "mailbox". Had good communications with these guys - also after buying :)

[BigMacDubai]

Thanks Imre. They are making good progress that's for sure. They actually have (or had) a scale model at Better Homes SZR office too.

[dubaifirst]

Studio prices have gone up by 30,000 to 40,000 AED in the last 4 weeks.well done Imre and everyone who bought there.

[germantower]

^^ is this the price for a whole studio?

[i love dubai]

no, gone up by 30,000 to 40,000, for that much you may buy a parking space.
Studios range between 550,000 and 850,000

[V Kapoor]

Cheapest Studio here is 606000, or maybe more if they have increased prices or are sold out. Now thats a bit on the higher side for a unit which will still take more than a year to complete. Will it not be better to buy a ready unit at maybe a slightly higher price and start getting the returns immediately.

[Morten_Denmark]

Cheapest Studio here is 606000, or maybe more if they have increased prices or are sold out. Now thats a bit on the higher side for a unit which will still take more than a year to complete. Will it not be better to buy a ready unit at maybe a slightly higher price and start getting the returns immediately.

Prices for 1 bedroom still seem attractive in my opinion and they have a balcony as well. Prices have not increased much for 1-bedroom. Also remember that the payment plan is relatively good.

[Zaid_stone]

Cheapest Studio here is 606000, or maybe more if they have increased prices or are sold out. Now thats a bit on the higher side for a unit which will still take more than a year to complete. Will it not be better to buy a ready unit at maybe a slightly higher price and start getting the returns immediately.

Dear Kapoor, how much the cheapest ready Studio now in Marina?and in which building?

[Morten_Denmark]

I did not find Zumurud developer on the recent RERA list with approved developers, I have emailed them to find out more. Will revert with their answer.

[V Kapoor]

Dear Kapoor, how much the cheapest ready Studio now in Marina?and in which building?

Maybe ALAREIFI ... though I dont know their current prices/availability.
They have small studios 25 sqmts (less than 300 sq. ft. I guess)

[Morten_Denmark]

I did not find Zumurud developer on the recent RERA list with approved developers, I have emailed them to find out more. Will revert with their answer.

Here is the answer to my question. BTW a friend passed the construction site the previous days and took a lot of pictures (not IMRE standard) - he said it would be hard to find place for more workers at the site. Clearly this building is progressing very well. I will post pictures when I recieve them.


******
Dear Mr. Morten,

The registration is required for developers who are selling before starting the construction.

Zumurud construction is started one year back

THANK YOU FOR THE INFO.

Regards,

Reyad Yakot

General Manager
****

[Zaid_stone]

Maybe ALAREIFI ... though I dont know their current prices/availability.
They have small studios 25 sqmts (less than 300 sq. ft. I guess)

Do you think a 25 m2 is a decent livable space?

[AITU]

Only in prison

[Zaid_stone]

A prison with marina view !!

[Morten_Denmark]

Got my reservation form signed and got my reciept - everything seems OK

[V Kapoor]

Do you think a 25 m2 is a decent livable space?

Don't think so!

[Imre]

08/January/2008

Zumurud

first floor slab concrete pouring

http://img242.imageshack.us/img242/4558/imresolt094ld9.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/4866/imresolt096pi1.jpg (http://imageshack.us)

http://img242.imageshack.us/img242/3339/imresolt099lz2.jpg (http://imageshack.us)

http://img508.imageshack.us/img508/4919/imresolt100ep2.jpg (http://imageshack.us)

http://img158.imageshack.us/img158/5072/imresolt102rt5.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/9590/imresolt108kk4.jpg (http://imageshack.us)

http://img137.imageshack.us/img137/3933/imresolt113hw1.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/5192/imresolt114gd8.jpg (http://imageshack.us)

[Imre]

it started at 2 p.m and I think will be finish around 7 pm, so after we can expect 1 floor/week, developer said this, we will see:)

08/January/2008

Zumurud

first floor slab concrete pouring

http://img158.imageshack.us/img158/4203/imresolt115mh5.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/9197/imresolt117jp6.jpg (http://imageshack.us)

http://img158.imageshack.us/img158/3384/imresolt118vq4.jpg (http://imageshack.us)

http://img170.imageshack.us/img170/1046/imresolt126un8.jpg (http://imageshack.us)

http://img137.imageshack.us/img137/592/imresolt128mc8.jpg (http://imageshack.us)

http://img170.imageshack.us/img170/7562/imresolt133ca8.jpg (http://imageshack.us)

[dubaifirst]

Good progress there, do we know how much are the studios now?

[Zaid_stone]

Nice photos Imre, huge amount of steel!!

[Morten_Denmark]

deleted

[Morten_Denmark]

Imre - you are an amazing photographer - I am really happy that we are now in the digital age. If this was 10 years ago you would have to spend all day in that red room developing our important photos :-)

Good progress here - I feel like riding a fast arabian horse (even though I have only once touched a horse in a petty zoo) - and these guys do not even have an Escrow account.

NB for Zaid-Stone - I think they raised the few remaining studios to approx. 680 k dhs. You might be better of with the 1 beds which seem a good deal.

[Morrismarina]

Hi Imre

Are you still using your Canon 20D ??

[Imre]

thanks Morten, I use the Panasonic now, I am lazy to take the tripod at night:)

the cheapest studio was on the 2nd floor , apr 606K , next one around 640-650K but I dont know still available or not.

[Imre]

08/January/207

Zumurud Tower, short video

View My Video (http://tinypic.com/player.php?v=8ebi6gm&s=1)

http://tinypic.com/player.php?v=8ebi6gm&s=1

<embed width="440" height="380" type="application/x-shockwave-flash" src="http://v1.tinypic.com/player.swf?file=8ebi6gm&s=1"></embed>

[Zaid_stone]

cant open the link

[Imre]

try again, first time when I click there is wrong but second time it works , I wanted to put on the youtube yesterday but always failed.

[dubaifirst]

thanks Morten, I use the Panasonic now, I am lazy to take the tripod at night:)

the cheapest studio was on the 2nd floor , apr 606K , next one around 640-650K but I dont know still available or not.

I now regret not buying when you bought Imre, the studio prices have gone up by 50k to 70 k in 4 weeks, well done Imre.

[Zaid_stone]

Imre - you are an amazing photographer - I am really happy that we are now in the digital age. If this was 10 years ago you would have to spend all day in that red room developing our important photos :-)

Good progress here - I feel like riding a fast arabian horse (even though I have only once touched a horse in a petty zoo) - and these guys do not even have an Escrow account.

NB for Zaid-Stone - I think they raised the few remaining studios to approx. 680 k dhs. You might be better of with the 1 beds which seem a good deal.
I talked to the developer today, they told me that the one bed apartment prise will rise from 5 to10% effective next Sunday, But I don’t think this is true, may be they were just pushing me to buy.

[Morten_Denmark]

I talked to the developer today, they told me that the one bed apartment prise will rise from 5 to10% effective next Sunday, But I don’t think this is true, may be they were just pushing me to buy.

I had the same thought as you - with the result paying more the next day :-(

Did they have more studios for sale ? I noticed some on Better Homes - but offcourse they were old news as I got no replies what so ever .

[Imre]

11/January/2008

Zumurud

http://img266.imageshack.us/img266/2135/imresolt01kj2.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/8946/imresolt02si6.jpg (http://imageshack.us)

[Zaid_stone]

11/January/2008

Zumurud

http://img266.imageshack.us/img266/2135/imresolt01kj2.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/8946/imresolt02si6.jpg (http://imageshack.us)

They are working on holidays?

[AltinD]

^^ You mean in "weekend", don't you ... but yeah many construction companies continue work over the weekend as well.

[dubaifirst]

I had the same thought as you - with the result paying more the next day :-(

Did they have more studios for sale ? I noticed some on Better Homes - but offcourse they were old news as I got no replies what so ever .

Yes they have few left, Type A above 10th floor 682k, that is increase of over 80k in last 4 weeks. I kick myself in the head for not buying there.Next time I should go where Imre is going.

[rexdmx]

I now regret not buying when you bought Imre, the studio prices have gone up by 50k to 70 k in 4 weeks, well done Imre.

the main point is the ability to sell...

[Morten_Denmark]

Yes they have few left, Type A above 10th floor 682k, that is increase of over 80k in last 4 weeks. I kick myself in the head for not buying there.Next time I should go where Imre is going.

Ok - thanks. The studios are getting a bit pricey now I think. But if there is only a few left they prop. dont care.

[dubaifirst]

the main point is the ability to sell...

The way prices are going in the Marina, i think you will struggle to find good quality completed studios for less than 750k.

[jeetha]

^^That’s already happening

[Morten_Denmark]

The way prices are going in the Marina, i think you will struggle to find good quality completed studios for less than 750k.


I am sure Zumurud will be of nice quality.

[Imre]

I hope the quality will be good , I saw some tiles and wood samples in the office, looks good.

They started to make the 2nd floor but unfortunatelly raining and it is difficult now.
I was driving around the Marina and the JLT site and most of workers left because of the bad weather.

[Imre]

18/January/2008

Zumurud

http://img443.imageshack.us/img443/7682/imresolt001df1.jpg (http://imageshack.us)

http://img401.imageshack.us/img401/223/imresolt002bj3.jpg (http://imageshack.us)

http://img85.imageshack.us/img85/3831/imresolt171wl3.jpg (http://imageshack.us)

http://img259.imageshack.us/img259/1280/imresolt172gi2.jpg (http://imageshack.us)

[bizzybonita]

zumard already beat the point tower ...........nice pix imre (the close site to your'e 1st home i think )

[Imre]

yes, just front of the MD2, so I can check every day:)

[bizzybonita]

much luv imre keep ur diamonds alawys up.....

[Morten_Denmark]

yes, just front of the MD2, so I can check every day:)

If you retract the rain days with no working it seems to me after some modest calculations that they do a floor every 5 day :-) I hope this one will be topped up in August. I do see them finish mid or late 2009.

Thanks for the pictures IMRE - I appriciate them.

[Imre]

thanks and welcome,

they had 2-3 days off because of Bush and the rain.Hopefully will be ready in 2009:)

[Zaid_stone]

New 2008 prices, from developer:
STUDIO:

STUDIO TYPE A # 213, FLOOR # 2, AREA 398 SQF, PRICE: AED 642,000, MARINA BRIDGE VIEW.
STUDIO TYPE A # 808, FLOOR # 8, AREA 398 SQF, PRICE: AED 664,000, PARTIAL MARINA VIEW.
STUDIO TYPE A # 1009, FLOOR # 10, AREA 398 SQF, PRICE: AED 682,000, MARINA BRIDGE VIEW.
STUDIO TYPE A # 1609, FLOOR # 16, AREA 398 SQF, PRICE: AED 701,000,PARTIAL MARINA VIEW.




ONE BED:
ONE BED TYPE B# 311, FLOOR # 3, AREA 840 SQF, PRICE: AED 1,116,000, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE B # 712, FLOOR # 7, AREA 840 SQF, PRICE: AED 1,138,000, PARTIAL MARINA VIEW + BALCONY

ONE BED TYPE C # 1711, FLOOR # 17, AREA 790 SQF, PRICE: AED 1,167,500,SHAIKH ZAYED ROAD VIEW + BALCONY
ONE BED TYPE B # 1807, FLOOR # 18, AREA 840 SQF, PRICE: AED 1,194,000,SHAIKH ZAYED ROAD VIEW + BALCONY


2 BED:

2 BED WITH MAID TYPE C # 2402, FLOOR # 24, AREA 1515 SQF, PRICE: AED 2,069,500, FULL MARINA VIEW + BALCONY

2 BED TYPE A # 2102, FLOOR # 21, AREA 1294 SQF, PRICE: AED 1,821,000, SHAIKH ZAYED ROAD VIEW + BALCONY

[Morten_Denmark]

Thanks Zaid_stone

That is 100k increase in no time. This means that I do not have to go sell blood this month and I might even go and have a haircut.

Are they staying with the same payment plan ?

BTW - anyone knows if there will be any views to the Tallest Tower being planned right behind this arse end marina ?



New 2008 prices, from developer:
STUDIO:

STUDIO TYPE A # 213, FLOOR # 2, AREA 398 SQF, PRICE: AED 642,000, MARINA BRIDGE VIEW.
STUDIO TYPE A # 808, FLOOR # 8, AREA 398 SQF, PRICE: AED 664,000, PARTIAL MARINA VIEW.
STUDIO TYPE A # 1009, FLOOR # 10, AREA 398 SQF, PRICE: AED 682,000, MARINA BRIDGE VIEW.
STUDIO TYPE A # 1609, FLOOR # 16, AREA 398 SQF, PRICE: AED 701,000,PARTIAL MARINA VIEW.




ONE BED:
ONE BED TYPE B# 311, FLOOR # 3, AREA 840 SQF, PRICE: AED 1,116,000, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE B # 712, FLOOR # 7, AREA 840 SQF, PRICE: AED 1,138,000, PARTIAL MARINA VIEW + BALCONY

ONE BED TYPE C # 1711, FLOOR # 17, AREA 790 SQF, PRICE: AED 1,167,500,SHAIKH ZAYED ROAD VIEW + BALCONY
ONE BED TYPE B # 1807, FLOOR # 18, AREA 840 SQF, PRICE: AED 1,194,000,SHAIKH ZAYED ROAD VIEW + BALCONY


2 BED:

2 BED WITH MAID TYPE C # 2402, FLOOR # 24, AREA 1515 SQF, PRICE: AED 2,069,500, FULL MARINA VIEW + BALCONY

2 BED TYPE A # 2102, FLOOR # 21, AREA 1294 SQF, PRICE: AED 1,821,000, SHAIKH ZAYED ROAD VIEW + BALCONY

[AITU]

^^ 398 sq ft is little more than a dog kennel!

[dubaifirst]

^^ 398 sq ft is little more than a dog kennel!

Thats what I initially thought and missed out on buying, as imre said before when it comes to renting the size of the studio will not make a lot of difference, so it is a better investment decision to buy a small studio for say 650k than buying a larger studio for 750k.

[Morten_Denmark]

Thats what I initially thought and missed out on buying, as imre said before when it comes to renting the size of the studio will not make a lot of difference, so it is a better investment decision to buy a small studio for say 650k than buying a larger studio for 750k.

Really, 398 sqr-feet is not small where I live and is ideal for a couple doing a 1 week vacation in the Marina just wanting a place to sleep and relax.

[Wannaberich]

Really, 398 sqr-feet is not small where I live and is ideal for a couple doing a 1 week vacation in the Marina just wanting a place to sleep and relax.
Ok for a 1week vacation I agree but would you want to live there?Not me.So maybe your then limited to using this studio for holiday lets as long term letting may prove a problem.

[Imre]

^^ 398 sq ft is little more than a dog kennel!

good for the short term rent, like a hotel room.

[Imre]

Ok for a 1week vacation I agree but would you want to live there?Not me.So maybe your then limited to using this studio for holiday lets as long term letting may prove a problem.

I think long term no problem.

Marina Diamond 2 , we have almost the same size studios here (401,405 sqft) price is 75-80K/year (fully furnished) and very easy to rent.

this one e.g. http://www.diamond-investments.ae/devlopments_Info.asp?cid=184

[Morten_Denmark]

Ok for a 1week vacation I agree but would you want to live there?Not me.So maybe your then limited to using this studio for holiday lets as long term letting may prove a problem.

Limited to short term let would be Ok for me as you prob could get a 15% return after various costs. And if you want to use it yourself 1-2 weeks a year !!! Maintenance fee's are off course small. Facilities in Zururud will prop be high.

I do think longterm letting is also very possible.

[AITU]

Is this gross area or net area though? Marina Diamond is probably net area as most initial developments were launched as net area I think?

[Imre]

^^

from the developr:

"Dear Zumurud Owners,

As a part of our service to you, we would like to draw your attention
to a new trend in the real estate market

Now some of the developers are selling gross apartment area to
customers, which means they include the services area, lobbies, lifts and other
common areas in the apartment area to reduce the price per square foot.

We ,in ZUMURUD, selling net area which is the area of the flat only.

We thought that it is necessary to let you know about that, if you
decide to purchase another apartment.

Accept our regards"

[AITU]

OK thanks for the clarification

[True Blue]

2 BED TYPE A # 2102, FLOOR # 21, AREA 1294 SQF, PRICE: AED 1,821,000, SHAIKH ZAYED ROAD VIEW + BALCONY

^^ This pleases me :)
AED 1400/ft2 for a 2 bed Sheikh Zayed Road view and only 1 left. Maybe it's because people know it's less dense at this end and the blue sky can be easily seen.

[bizzybonita]

one of adv. of W S community ;) (it's less dense at this end and the blue sky can be easily seen).

[i love dubai]

After visiting the marina for the first time ( last November), I thought the west side has a nicer atmosphere.
When most of the buildings in the marina are completed, the disadvantage of the east side would be dealing with every days traffic, Unless you don't own a car and you will be using the metro.
On the other hand, ther will be less traffic in the west side + all the major attractions in the marina are within walking distance.

[Morten_Denmark]

After visiting the marina for the first time ( last November), I thought the west side has a nicer atmosphere.
When most of the buildings in the marina are completed, the disadvantage of the east side would be dealing with every days traffic, Unless you don't own a car and you will be using the metro.
On the other hand, ther will be less traffic in the west side + all the major attractions in the marina are within walking distance.

Taste and conception are as always individual but when I visit Dubai Marina I feel that the "low" end apeals to residents and the "high" end for people on holiday. Dont ask me why - perhaps because it seems to be more calm and relaxed in the arse end and because I am getting into my old age :-) I want more peace and quite. (we assume here one is forced to be in the Marina otherwise the desert is also an option).

What is interesting about Zumurud and this particular part of the marina is what will be build from here to Jebel Ali.

[bizzybonita]

After visiting the marina for the first time ( last November), I thought the west side has a nicer atmosphere.
When most of the buildings in the marina are completed, the disadvantage of the east side would be dealing with every days traffic, Unless you don't own a car and you will be using the metro.
On the other hand, ther will be less traffic in the west side + all the major attractions in the marina are within walking distance.

i agree totally ....:banana::banana:

[True Blue]

There is nothing to do yet in this end of the marina except dangle a fishing rod over the barrier. However this end will certainly change for the better when the construction tails off and the retail, the walk and promised beach parks all open.

On the other hand the phase1 part of the marina started as the undisputed pinnacle of Chic marina lifestyle. However I fear it can only go 1 way now as the population bulges to excess, the claustraphobia increases and the skyline disappears behind a backdrop of randomly juxtapositioned super talls with their individual beauty lost in the concrete and aluminium jungle.

[i love dubai]

Taste and conception are as always individual but when I visit Dubai Marina I feel that the "low" end apeals to residents and the "high" end for people on holiday. Dont ask me why - perhaps because it seems to be more calm and relaxed in the arse end and because I am getting into my old age :-) I want more peace and quite. (we assume here one is forced to be in the Marina otherwise the desert is also an option).

What is interesting about Zumurud and this particular part of the marina is what will be build from here to Jebel Ali.

High end? low end? arse end? what happened to east and west.:lol:

[bizzybonita]

^^:lol::lol::lol:

[Imre]

21/January/2008

Zumurud

http://img246.imageshack.us/img246/4490/imresolt022gz3.jpg (http://imageshack.us)

http://img246.imageshack.us/img246/6003/imresolt023uh6.jpg (http://imageshack.us)

http://img129.imageshack.us/img129/2457/imresolt053st3.jpg (http://imageshack.us)

http://img246.imageshack.us/img246/3335/imresolt055cn1.jpg (http://imageshack.us)

[Morten_Denmark]

Nice Pictures Imre - thank you very much - really appriciate it.

[Imre]

23/January/2008

Zumurud

finished the second floor concrete pouring,tomorrow they will start the 3rd floor

http://img90.imageshack.us/img90/6393/imresolt01ep2.jpg (http://imageshack.us)

http://img90.imageshack.us/img90/4894/imresolt03ei8.jpg (http://imageshack.us)

[Zaid_stone]

ZUMURUD will beat MAG218 and Marina23 soon!!

[Krazy]

good speed!

[Zaid_stone]

Imre, when the next floor will be casted? I’m thinking of buying one bed, would you encourage me to do so?

[Imre]

I think,concrete pouring will be tomorrow or Monday, they were working on Friday as well.

Yes, If you can buy it, before they increasing the price again, I am sure , will be a good investment:)

[dubaifirst]

Imre, when the next floor will be casted? I’m thinking of buying one bed, would you encourage me to do so?

If i was you i will buy in Zumurud, when Imre bought I had the chance to buy 2 studios for just over a million dirhams ,the Price has appreciated by at least 20% since then, Zumurud is from bin hamouda who is a very well known developer in Abu Dhabi and I believe that Zumurud quality will be excellent and I also think Zumurud location in this part of the marina which is a lot quieter than the mouth end(less traffic) and its proximity very close to the Marina mall for a fraction of the price of the marina mall apartments make it a very attractive investment.I don,t know what the price of a one bedroom is at present but anything with good quality anywhere in the marina for around 1500 aed/sqft in the marina is good.

[Morten_Denmark]

If i was you i will buy in Zumurud, when Imre bought I had the chance to buy 2 studios for just over a million dirhams ,the Price has appreciated by at least 20% since then, Zumurud is from bin hamouda who is a very well known developer in Abu Dhabi and I believe that Zumurud quality will be excellent and I also think Zumurud location in this part of the marina which is a lot quieter than the mouth end(less traffic) and its proximity very close to the Marina mall for a fraction of the price of the marina mall apartments make it a very attractive investment.I don,t know what the price of a one bedroom is at present but anything with good quality anywhere in the marina for around 1500 aed/sqft in the marina is good.

There is a decent chance that you will have your apartment in 2009 - which is another important factor buying into this one.

It would be nice to join up all shortterm rent units when finished and find the same agent - we could save some money as there will be other synergies.

I am planning a trip to Dubai in March and I can tell you that avialble studios for holiday rent in the Marina is for me extreme expensive.

[dubaifirst]

Morten Denmark, what do you expect the rental price will be for short term lets in Zumurud?

[Morten_Denmark]

Morten Denmark, what do you expect the rental price will be for short term lets in Zumurud?

Trying not to be too optimistic but I would say that longterm rental of studios with MEDIUM view and AVERAGE location in the Marina is 75k today. Lets say this is 70k due to small size. Shortterm can be much more but agents take a larger percentage when they due shortterm. Anyway, I would say that you can easily today get 90k per year net from shortterm. Might be 110k autumn 2009. Then you can do your math. In addition your unit will experience a decent value increase.

Does anybody have latest prices ? pls pm them to me

[dubaifirst]

Thank you.

[Imre]

concrete pouring of the 3rd floor starts soon,concrete pumps arrived now, waiting for the mixers:)

[Morten_Denmark]

concrete pouring of the 3rd floor starts soon,concrete pumps arrived now, waiting for the mixers:)

Thanks Imre - why dont you go down there and give them a hand - we need speed :-). Do you think it will get easier from 9 floor as the tower gets "smaller" ? Is it normal that they work on fridays in the Marina ? I wonder why the developer is in such a hurry even though I like it. I guess it is not much more expensive to pay them "overtime" - perhaps they dont even get paid more such hours. I believe they will save money as it is often the cranes and equipment that is most expensive.

BTW I downloaded Rambo 4 yesterday from PirateBay - and I was thinking about you when I saw it. I can recommend the film even though the theme is corny - but - hell - it entertained me - and that is what counts :-)

[Imre]

yes, I saw twice but I will see again:)

I am waiting for the next Rocky as well :cheers:

[Morten_Denmark]

yes, I saw twice but I will see again:)

I am waiting for the next Rocky as well :cheers:

Why dont you download it from Piratebay - it is not legal - but in our age there is not much exitement left - trying to speak for myself.

[Imre]

I like in the cinema, first time I was alone , second time me and 3 locals:)

[Morten_Denmark]

I like in the cinema, first time I was alone , second time me and 3 locals:)

It is amazing that he can keep it up - I look at my good father which has same age - and somehow something went wrong in his case :-)

[Imre]

mixers here, just started:)

[Imre]

mor info from the zawya.com:


Bin Hamoodah Company

Principal Activities General merchants and contractors; import and distribution of motor vehicles; electrical equipment and appliances; heavy machinery and equipment; building materials; engineering contractors; oil and gas services; transport contractors; food and beverage products; catering; supply of laboratory equipment, medical products, educational material and laboratory chemicals.
Date of Establishment 1967
No of Employees 5,000 (Group)

Branches Al Ain Dubai Sharjah

Key Officers
Faraj Ali Bin Hamoodah
Chairman

Monsef Bin Hamida
General Manager

Contact Details ,Address:

Bin Hamoodah Building
Khalifa Street
Zayani Area
P.O. Box 203
Abu Dhabi
United Arab Emirates

Tel:+971 2-627-6600
Fax:+971 2-627-6800
Email:bhc@binhamoodah.co.ae
Website:www.binhamoodah.ae
www.bht.ae

Major Shareholders

Heirs of late Hamoodah Ali Bin Hamoodah Private UAE -
Faraj Ali Bin Hamoodah Private UAE -
Ghanem Ali Bin Hamoodah Private UAE -

Subsidiaries/Associates/Affiliates

Al Carmel Scientific UAE 100.00%
Bin Hamoodah UAE 100.00%
Bin Hamoodah Agriculture Services UAE 100.00%
Bin Hamoodah Automotive UAE 100.00%
Bin Hamoodah Investments UAE 100.00%
Bin Hamoodah Properties UAE 100.00%
Bin Hamoodah Trading and General Services Company UAE 100.00%
Gulf Automation Services and Oilfield Supplies UAE 100.00%
Gulf Industrial Services Company UAE 100.00%
Tareef Trading UAE 100.00%
Alpha Data Processing Services UAE 66.67%
Al Geemi and Partners Contracting Company UAE 60.00%
National Food Products Company UAE 51.00%
Weatherford Bin Hamoodah UAE 51.00%
Weir Engineering Services UAE 51.00%
Emirates National Sack Company UAE 50.00%
Buildco UAE -
Empak UAE -
Serck Services UAE -


Chairman Message

http://img135.imageshack.us/img135/6755/chairmanzp4.gif (http://imageshack.us)

Worldwide competition accelerated by globalization is taking place at a rapid pace and posing challenges to both the private and public sectors. Bin Hamoodah Group is ready for the challenges that businesses face in today’s market.

Since its inception and as the President of the Group, I have been privileged to witness Bin Hamoodah evolve into a mature and efficient organization. This has been made through a healthy relationship we have maintained with our clients, business partners and customers over the years.

Thanks to the far-sighted vision and policies of His Highness Sheikh Zayed Bin Sultan Al Nahyan and the UAE Government, the political environment and economic conditions in the country remain stable and promising. This has helped us expand our presence nationally and internationally through mutually rewarding relationships. With our business partners, we continue to assist in the growth and expansion of the infrastructure and economy in the UAE.

This would not have been possible without the close co-operation and support of our dedicated employees. Our decision to invest in people who share the vision of the Group has been rewarding for they relentlessly implement our strategies while enhancing the quality of service and commitment made to clients and consumers.

We will continue to focus on investing funds in existing businesses to improve product quality and increase productivity. We will support long-term growth in selecting activities and markets where we see ourselves both now and in the future having a distinctive role and leadership.

Faraj Ali Bin Hamoodah
Chairman


:cheers:

[Zaid_stone]

mixers here, just started:)

No photos today Imre?

[Imre]

04/February/2008

Zumurud

http://img292.imageshack.us/img292/1980/imresolt70bg9.jpg (http://imageshack.us)

http://img514.imageshack.us/img514/2466/imresolt71oz4.jpg (http://imageshack.us)

http://img148.imageshack.us/img148/7554/imresolt72ck7.jpg (http://imageshack.us)

[Morten_Denmark]

Thanks Imre - it is so nice that us not being in Dubai can follow the projects - mainly thanks to you

[Zaid_stone]

I’m in guys; I took Dubai first advice and bought one bed, in the 11th floor, for AED 1375/sqf, facing the sea and Marina end.
Not too many options left, I think they sold 60% and may be blocked 25% to sell it next year when the project will be completed @ 150% price.
thx Imre for the photos

[dubaifirst]

Congratulations and well done. Good price,the way prices are going in the marina at present, I expect the value of your apartment to be at least 1700 AED/ sq ft on completion.

[Imre]

congratulations:)

I heard the same , apr 50-60 % sold , they want to sell the rest of apartments next year when people can go inside and see the quality.
good strategy

[bizzybonita]

speedy progress right here ...

[Zaid_stone]

Thx all

[Morten_Denmark]

Thx all

Hi Zaid_stone

Congratulations to you - seems as a good buy. Nice to have you in the building :-)

[anuki]

Hi I bought a studio apt couple of months back.it is 374 sq with a sheikzide rd view on the 7th floor.guys is it a must to have a marina view to sell it at a good price?well i am sure most of apts wont get a proper view of marina.but i am bit concern

[Morten_Denmark]

Hi I bought a studio apt couple of months back.it is 374 sq with a sheikzide rd view on the 7th floor.guys is it a must to have a marina view to sell it at a good price?well i am sure most of apts wont get a proper view of marina.but i am bit concern

Hi

If you take a look at http://www.skyscrapercity.com/showthread.php?t=335563&page=28 Post 549 - Zumurud will soon grow up behind the lowest of the two Damac buildings. If you have a unit above floor 10 am think you will have an excellent view of the Marina.

If you rent out the studio I dont think the view matters that much - it is an apartment in the Marina - not far from Marina Mall etc.. I am sure the apartment you bought a couple of months ago is worth more today.

[anuki]

yes,as long as i am intending to let it wont be a problem i guess. in fact I checked with them on behalf of my friend who is interested in buying either
2 studios or 1 1br.this is what they came up with.

Studio:
STUDIO TYPE A # 213, FLOOR # 2, AREA 398 SQF, PRICE: AED 667,000, MARINA BRIDGE VIEW
STUDIO TYPE A # 408, FLOOR # 4, AREA 398 SQF, PRICE: AED 678,000, PARTIAL MARINA VIEW
STUDIO TYPE A # 1509, FLOOR # 15, AREA 398 SQF, PRICE: AED 714,000, MARINA BRIDGE VIEW

ONE BED:
ONE BED TYPE B# 311, FLOOR # 3, AREA 840 SQF, PRICE: AED 1,116,000, PARTIAL MARINA VIEW + BALCONY


ONE BED TYPE D # 602, FLOOR # 6, AREA 1368 SQF, PRICE: AED 1,684,000, FULL MARINA VIEW + BALCONY
ONE BED TYPE B# 1108, FLOOR # 11, AREA 840 SQF, PRICE: AED 1,155,000, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE B# 1508, FLOOR # 15, AREA 840 SQF, PRICE: AED 1,177,000, PARTIAL MARINA VIEW + BALCONY
ONE BED TYPE C # 1711, FLOOR # 17, AREA 790 SQF, PRICE: AED 1,167,000, PARTIAL MARINA VIEW + BALCONY


2 BED:
2 BED WITH MAID TYPE C # 2302, FLOOR # 22, AREA 1515 SQF, PRICE: AED 2,058,000, FULL MARINA VIEW + BALCONY
2 BED TYPE A # 2106, FLOOR # 21, AREA 1383 SQF, PRICE: AED 1,900,000, SHAIKH ZAYED ROAD VIEW + PARTIAL MARINA VIEW+ BALCONY

3 BED:
3BED WITH TYPE B # 2804, FLOOR # 28, AREA 2225 SQF, PRICE: AED 3,020,000, FULL MARINA VIEW + BALCONY
- Show quoted text -

[charlie big potatoes]

Congratulations and well done. Good price,the way prices are going in the marina at present, I expect the value of your apartment to be at least 1700 AED/ sq ft on completion.

What even looking into the back of another tower?

How much do you reckon psf bang on the front of The Point opp Yatch Club when and if that gets finished........

[Dubai_Steve]

AED 1675 per sq/ft for an off-plan, tiny studio with no view and average location, seems very expensive to me compared to what you can get elsewhere. Still it seems that some have done well with 25% increase. The only reason this is attractive is becuase they are so small and so the total price is low. Holiday rental as a hotel room could work but I would be careful about buying more expensive 1 or 2 beds here if you indend to rent rather than flip.

[dubaifirst]

Steve, this is what I initially thought and missed out on buying when studios were selling for 550,000AED, but where else in the marina could you buy a studio from a well known developer in a fast rising tower for same sort of money? As far as size is concerned this is another mistake I learned, size really does not make any difference if you want to rent it out, a studio which is 500sqft will probably rent out for the same as a studio of 370sqft. I also think the location is excellent because of its proximity to the mall .

[anuki]

dubaifirst, what would you think the price of a apt of zumurud once it is completed?

[dubaifirst]

Not less than 1700 AED/sqft.

[Dubai_Steve]

You mean almost the same price as now then at 1675 ?

[Dubai_Steve]

Steve, this is what I initially thought and missed out on buying when studios were selling for 550,000AED, but where else in the marina could you buy a studio from a well known developer in a fast rising tower for same sort of money? As far as size is concerned this is another mistake I learned, size really does not make any difference if you want to rent it out, a studio which is 500sqft will probably rent out for the same as a studio of 370sqft. I also think the location is excellent because of its proximity to the mall .

You may be right but at 300 sq ft these studios are REALLY tiny rooms, so only good to rent for short term rentals with furniture etc. or perhaps Morris and his family will rent it. :lol:

[dubaifirst]

You mean almost the same price as now then at 1675 ?

Sorry Steve, i was referring to the price of a one bed which I believe is currently 1350AED/sq ft. As far as Studios I predict the price to be at least 850,000 AED per studio on completion which works out at over 2297 AED/sqft.

[Dubai_Steve]

I think I should buy a small studio somewhere, they seem like a license to print money.

[Morten_Denmark]

I think I should buy a small studio somewhere, they seem like a license to print money.

Dubai_Steve - I believe the studios are mainly 398 sq ft - still small .. What is good about Zumurud is that they progress agressively - working friday - what is not really the case many other places - I think you know this more than anybody - I dont care weather The Point/TT/Bay Central is much better located - better views ect - if the catch is that they do not seem to finish before 2029..

You refer to better investments - what are you suggestions regarding offplan projects ?

[Morrismarina]

You may be right but at 300 sq ft these studios are REALLY tiny rooms, so only good to rent for short term rentals with furniture etc. or perhaps Morris and his family will rent it. :lol:

It might be all I can afford Steve when I calculate how much I'll end up having paid for my SP properties. Would anyone want to rent to a bankrupt though ? :lol:

Do the studios at 398 sq ft also come with a balcony which would increase overall size ??

[plotman]

What is encouraging is the amount of new developments that are keeping a large amount of apartments back for sale on completion.Good to see the developers are trusting in a growing market.

[jeetha]

One bed Type D # 602 Area 1368 AED 1684 full marina view + Balcony.
That’s 1.23 per SQF
....AND A VERY BIG one bedroom.

[Morten_Denmark]

It might be all I can afford Steve when I calculate how much I'll end up having paid for my SP properties. Would anyone want to rent to a bankrupt though ? :lol:

Do the studios at 398 sq ft also come with a balcony which would increase overall size ??


Hi Morris

No - the studios are without Balcony - 398 is NET.

[Dubai_Steve]

Suitable only as a hotel room.

http://img227.imageshack.us/img227/440/studiobp0.jpg (http://imageshack.us)

[Morrismarina]

Hi Morris

No - the studios are without Balcony - 398 is NET.

Still an adequate size though for a studio by European standards. Plenty for a single person or a young couple. :cheers:

[Morten_Denmark]

Well Steve - I find all studios only usefull as hotel rooms - but I am spoiled.

And your point is that the 1-beds are too expensive. Which ones are better deals in the Marina offplan - with a decent payment plan.

[dubaifirst]

The cheapest studio in the marina I can find in the secondary market is in Botanica at 808,600AED, albeit size is 497sqft. But again, Botanica has just been launched and the way things are going with SP at the moment, Botanica studio may not be ready till 2012. I think Zumurud studios will be good for both long and short term rental and ready for 2009.

[anuki]

any one knows about the project 'CENTRIUM' IN IMPZ? I bought a 1br last year jan expecting it to be a good investment since it is a free zone.but prices has not gone up much since.I THINK THE DEVELOPER IS STILL ADVERTISING IT ON PAPERS.
WHY CANT THEY SELL IT DESPITE OF THE GOOD LOCATION AND LOW PRICES???????

[Zaid_stone]

ZUMURUD....Why not AED 2000/ SQF by next year?

[Zaid_stone]

Or end of this year !!

[Zaid_stone]

Or now !!

[anuki]

any new photo's of zumurud construction?

[Imre]

Or now !!

you right:)

http://www.skyscrapercity.com/showthread.php?t=536014&page=2

I think, every new project which is starting soon should be minimum 1800-2000 dhs/sqft otherwise they can not build or takes ages with rubbish finishing.

[Imre]

08/February/2008

Zumurud

http://img170.imageshack.us/img170/4858/imresolt39sg3.jpg (http://imageshack.us)

http://img182.imageshack.us/img182/8278/imresolt32iu6.jpg (http://imageshack.us)

http://img412.imageshack.us/img412/6940/imresolt33iq4.jpg (http://imageshack.us)

http://img170.imageshack.us/img170/4379/imresolt35kg7.jpg (http://imageshack.us)

http://img168.imageshack.us/img168/4093/imresolt36ao1.jpg (http://imageshack.us)

[jeetha]

Looks like higher ceilings, comparing to the one in background.

[anuki]

Thanks Imre.well I too agree with jeetha with regard to the ceiling hights

[dubaifirst]

Studio prices from the developer are now selling for over 800,000AED.

[Morten_Denmark]

Studio prices from the developer are now selling for over 800,000AED.

Can you pm me details - please ?

[dubaifirst]

There is studio on the 14th floor I wanted to buy , the price from the developer today is 845,000 AED.The market is definitely shooting north for Zumurud.I might now buy one bed instead.

[Morten_Denmark]

There is studio on the 14th floor I wanted to buy , the price from the developer today is 845,000 AED.The market is definitely shooting north for Zumurud.I might now buy one bed instead.

Thanks for info Dubaifirst, if the developer only have a handfull studios left it might be they set the prices too high as this will make the one-beds look cheap. I am sure close to completion the last studios wil be sold.

[dubaifirst]

I was informed today that there is only 4 studios, price is 2000AED per sqft. I am going to shoot myself in the head again, I was offered 2 on a resale 2 weeks ago for 695,00AED per studio .

[Dubai_Steve]

^^ Timing is everything, you could have made USD $60,000 profit in 2 weeks. :D

[Morten_Denmark]

I was informed today that there is only 4 studios, price is 2000AED per sqft. I am going to shoot myself in the head again, I was offered 2 on a resale 2 weeks ago for 695,00AED per studio .

Just recieved latest prices and can confirm what Dubaifirst says. I see two explanations - they dont need to sell more or they know something we dont know eg. Al Burj. 30 % increase in 1-2 months seems to be too much.

[dubaifirst]

The way things going, studios will be selling at 1 MILLION by next week.

[Morrismarina]

I'd forget these studios and their crazy prices with their "bridge view " or "partial Marina view" . Let's face it this location is not that good at all really, certainly not to pay top dollar. Why not look to the Northern Emirates - for example Al Hamra Village or Al Marjan Island in RAK are the next big thing, studio prices half of Zumurud, 850 -1,000 sq ft (including parking) and right on the water with full sea views. :banana:

[dubaifirst]

dubaifirst, what would you think the price of a apt of zumurud once it is completed?

When I said 1700 AED on completion, I meant today.

[Morten_Denmark]

I'd forget these studios and their crazy prices with their "bridge view " or "partial Marina view" . Let's face it this location is not that good at all really, certainly not to pay top dollar. Why not look to the Northern Emirates - for example Al Hamra Village or Al Marjan Island in RAK are the next big thing, studio prices half of Zumurud, 850 -1,000 sq ft (including parking) and right on the water with full sea views. :banana:


Prob right Morris - just want to add (as noted by a fellow poster) that the larger high situated units with SZR view over night increased with 700 k - this is not normal. Perhaps they believe that SZR view will soon be changed to Al Burj view.

[Dubai_Steve]

Perhaps they are just trying it on as they only have a few left.

[Zaid_stone]

I'd forget these studios and their crazy prices with their "bridge view " or "partial Marina view" . Let's face it this location is not that good at all really, certainly not to pay top dollar. Why not look to the Northern Emirates - for example Al Hamra Village or Al Marjan Island in RAK are the next big thing, studio prices half of Zumurud, 850 -1,000 sq ft (including parking) and right on the water with full sea views. :banana:

rent value is very low compare to Dubai

[Morrismarina]

rent value is very low compare to Dubai

No way !!!!

Studios in Al Hamra Village are now going for AED 50k compared with International City at 40k.

[Zaid_stone]

No way !!!!

Studios in Al Hamra Village are now going for AED 50k compared with International City at 40k.

large 5 BR villa is renting for 50 K in RAK!!

[dubaifirst]

I'd forget these studios and their crazy prices with their "bridge view " or "partial Marina view" . Let's face it this location is not that good at all really, certainly not to pay top dollar. Why not look to the Northern Emirates - for example Al Hamra Village or Al Marjan Island in RAK are the next big thing, studio prices half of Zumurud, 850 -1,000 sq ft (including parking) and right on the water with full sea views. :banana:

But this is not Dubai marina.

[dubaifirst]

Perhaps they are just trying it on as they only have a few left.

You right Steve, this is what I was just thinking, if the closely monitor our posts,they can have an insight of what the demand is and put prices up.If the one bed now is 1750 AED/ sq ft, whats the marina promenade or the TGR is worth? 2500AED/ sq ft?

[Morrismarina]

large 5 BR villa is renting for 50 K in RAK!!


Whereabouts in RAK though down some back street in the worst part of town ??

[anuki]

guys I thought the Al Burj is in palm jumeira right? so how come the shz rd view????
what is the exact location???

[Morten_Denmark]

Developer says price hikes are due to

"..Property prices increased sharply in the last 2 months in Dubai..."

and nothing else..

[i love dubai]

Prices increased sharply in the last 2 months? where? Maybe only the promenade because the quality tuned out to be above expectaions.

[dubaifirst]

Developer says price hikes are due to

"..Property prices increased sharply in the last 2 months in Dubai..."

and nothing else..

They also say cost of land and materials have doubled.

[Morten_Denmark]

Prices increased sharply in the last 2 months? where? Maybe only the promenade because the quality tuned out to be above expectaions.

No - prices has gone up sharply many other places in the Marina

[dubaifirst]

Agree with morten, its not just Zumurud, most new launches and quality resales are now selling at 2000AED/sqft.Forget the prices you see on agencies websites and the gulf news , when you want to buy thats what you will have to pay.I think most developers realized that 1000 AED to 1500AED/sqft was too low for what Dubai is going to be in few years time.The way prices are rising it won,t be long before we see 3000AED/ sq ft in the marina, this is already happening.

[bizzybonita]

construction progress here is okie but the tower finishing is ? ........i wonder if it like tha name of tower :)

[i love dubai]

Agree with morten, its not just Zumurud, most new launches and quality resales are now selling at 2000AED/sqft.Forget the prices you see on agencies websites and the gulf news , when you want to buy thats what you will have to pay.I think most developers realized that 1000 AED to 1500AED/sqft was too low for what Dubai is going to be in few years time.The way prices are rising it won,t be long before we see 3000AED/ sq ft in the marina, this is already happening.

So are you saying that those advertisments are not true?

[dubaifirst]

No I am not saying they aren't true, but what i have experienced trying to buy myself in the last few weeks,that prices do move quickly, and its always the seller wants more and more that what he already advertised for. I rang one advert last well about studio in zumurud and the seller said the price has gone up by 100k, I asked him when ? he said in the last 15 minutes!

[jeetha]

^^Exactly…… What I said…. and no one believed me.
I send 6 emails today to advertisings from Gulf news, up till now no one has replied.

[Zaid_stone]

I made it with only AED 1375 per SQF:banana:

[dubaifirst]

Zaid, you paid 1375/sq ft last week, yesterday,s price is 1750/sq ft,thats nearly 30% increase in a week ,this bloody Zumurud is doing my head in.

[jeetha]

I think Zaid paid 1375/sq ft for a one bed, it’s the studios that were priced @ 1750/sq ft.

[dubaifirst]

I think Zaid paid 1375/sq ft for a one bed, it’s the studios that were priced @ 1750/sq ft.

No jeetha, the one bed was 1750/sqft, and the studios were over 2000/sqft.This was 2 days ago.