2nd reason. Souldn't they at least announce the main contractor for OH1 first?

What's the reason? the two projects are not linked... this is no longer OH2 :D

I suppose you're right. When people google the name of the tower they won't come across the ocean heights thread in this forum, good strategy :yes:
:D

^^ So it seams the visit of that American spin do.... I mean, marketing constultant dude was fruitfull and it's giving results.

Keep an eye on worldarchitecturenews.com They might do a thing on this and they've always got fantastic renders

^^ They send the weekly news bulletin on Friday, so i'll keep an eye on it.

I altered the thread title so people googling damac heights won't be fooled :cheers:

i guess the height changed as well
should still be way above 400 though
edited emporis

What no raffle for a Jet this time? I think I will give it a miss :ohno:

What no raffle for a Jet this time? I think I will give it a miss :ohno:

:)

"one Bentley Continental, two Aston Martin V8 Vantage Coupe cars and two Lamborghini Gallardo Coupe cars will be raffled"

"the highest form of luxury that anybody can comprehend"

:rofl:

what bullshit.

:)

"one Bentley Continental, two Aston Martin V8 Vantage Coupe cars and two Lamborghini Gallardo Coupe cars will be raffled"

Considering their sponsorship of the Ferrari Challenge, shouldn't they offer a few Ferrari F430 Competizzione instead.

It should be illegal for such an inadequate company to attempt to build such an awesome tower:bash:

Damac launches 90-storey tower

Dubai: Dubai-based private developer Damac Properties yesterday launched Damac Heights, a 90-storey luxury residential tower in Dubai Marina.

The tower, the first to be branded with the company's name, is slated for completion in 2011.

Prices range from Dh2.5 million for a one-bedroom apartment to Dh41 million or more for a penthouse.

The Dh2.4-billion development takes Damac's total property portfolio to Dh30 billion with projects in six countries. "We expect to appoint a contractor for the main contract in the early part of next year," said Damac Properties CEO Peter Riddoch.

DSS promotion

Damac will give away five sports cars worth Dh3.2 million during the Dubai Summer Surprises.

Every purchase of Dh350,000 for Damac's apartments in Dubai entitles the buyer to enter the draw. The draws will be held every second week starting from July 5 at the Mall of the Emirates.








:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

The Dh2.4-billion development takes Damac's total property portfolio to Dh30 billion with projects in six countries. "[B]We expect to appoint a contractor for the main contract in the early part of next year," said Damac Properties CEO Peter Riddoch.


Whoever signs that contract won't have noticed the tiny disclaimer at the bottom of the contract that says "by signing this contract, you actually have to build Ocean Heights."

Damac Heights pushes the completion date of the Dubai Marina much further back , 2013-2015

ridiculous. just ridiculous.

and the prices..

they will not sell it.. it will take AGES until they will start construction...

I am really really in fear..

Damac Heights pushes the completion date of the Dubai Marina much further back , 2013-2015

Ahahahaha!!!!:lol: :lol: :lol:

The prices here gives some proof to what I was talking about in the ocean heights thread. There's a reason why supertalls aren't built by the hundreds in cities like NY. It's because they cost a massive amount of money to build. Anywhere in the world a tower like this would cost over $1bn, especially since it's not just a nicely decorated box with a nice top.

The biggest worry for me, is the source of Damac's income. It's like a fucking endless pit of dirty dollars, a mile deep! WHO/HOW/WHERE the f**K is all this funding coming from???? There's isnt enough cocaine in Columbia or Heroin in Afghanistan! Every day that passes, Damac's finances get dirtier and murkier... its only a matter of time. This giant's gona fall. Just look at the amount of shit D. Trump when through in the 80's and 90, he was so close to bankruptcy... these dudes are gona follow suit, except without the eagle-eyed American financial institutions that kept Mr Trump in check. There is no one looking over the finances of these muppets..and the biggest losers are gona be the people that invest in their projects.

They don't need any funding, they just wait for the investors to buy some units. The first few sales go towards paying for the cars used for the DSS competition. They must run each project independently like this using the investors money, that is why we have to wait so long for project start. Any profit is then used towards buying land for the next project, most of the time before starting the first one.

According to DAMAC the contractor will be appointed early 2008. Delivery is slated for 2011. But obviously this is not achievable.

Any escrow account available for this project ? :lol:

Yes, I know what they're doing. But just the advertising alone...the giant billboards, the full page newspaper and magazine ads, the booths in the malls, this huge so called 6000-strong staff, all must be costing them $millions each month! That's the financing i'm talkin about. Anyone can "launch" a tower and just wait for the punters to come in...but this outfit seems to actually be spending huge amounts of money on PR and promotion and this amount is disproportionate to the no. of sales per month. They must be getting money from something else. And don't say catering! :bash:

Yes good point about the advertising costs. Well maybe they use 25% of all investors funds for such things, or maybe they use 50% and are not really planning to build any towers at all but have an exit stratergy to keep the other 50% when folding the company. :dunno:

Yes, I know what they're doing. But just the advertising alone...the giant billboards, the full page newspaper and magazine ads, the booths in the malls, this huge so called 6000-strong staff, all must be costing them $millions each month! That's the financing i'm talkin about. Anyone can "launch" a tower and just wait for the punters to come in...but this outfit seems to actually be spending huge amounts of money on PR and promotion and this amount is disproportionate to the no. of sales per month. They must be getting money from something else. And don't say catering! :bash:



^^ :lol: I asked something along similar lines in the Damac thread

Well, they would dupe some people into buying their stuff, enough to finance their PR and maybe piling of some towers but not full construction.


BTW this tower hasn't changed from the previous version. There are actually some floors in the spire part, probably very few properly habitable though.
Also just realised this render shows the back of the tower. Now I'll really have to completely redo my model :bash:
I think I'll just wait for proper floorplans to be released though

http://img398.imageshack.us/img398/1233/oh2bgy2.jpg

SZR is full of this advert, everywhere Damac big boards with the cars:)

Time to put this on Emporis?

^^ I added it more than 6 months ago

http://img156.imageshack.us/img156/7620/oh2cjf7.jpg

http://img339.imageshack.us/img339/315/oh2dpt6.jpg

Raffle :

http://i16.tinypic.com/6gwlmop.jpg

Rules

look at the floorplan.. i tell you those guys will fail...

big billboards between infinity tower and emirates marina hotel & apartments

apparently this is now the location, same as before with that tall proposed structure

What's wrong with the floorplans?

Why do I have the feeling that this forum is no longer being informative, but rather a place to whine? The main difference between DAMAC and all the other 200 private developers in Dubai is very simple. DAMAC sells. But no matter what they do, 99% of you guys keep whining. How come that 6 out of the last 8 buildings launched were 90% sold out during the launch itself?
Why don't you keep a thread dedicated to a wonderfull tower informative but have to use every opportunity to express you feelings about the company?

^^ Becouse you sell and don't build, and by doing that, there will be alot of buyers who wait for their "dream" home to be delivered and they keep waiting ... waiting ... waiting.

Plus is the other category of the enthusiasts, who have no financial or professional interest, so they aren't biassed and can clearly recognise BULLSHIT when they see one. :yes:

Why do I have the feeling that this forum is no longer being informative, but rather a place to whine? The main difference between DAMAC and all the other 200 private developers in Dubai is very simple. DAMAC sells. But no matter what they do, 99% of you guys keep whining. How come that 6 out of the last 8 buildings launched were 90% sold out during the launch itself?
Why don't you keep a thread dedicated to a wonderfull tower informative but have to use every opportunity to express you feelings about the company?


Dictionary meaning for SELL: to transfer (goods) to or render (services) for another in exchange for money

Please pay attention to the definiton especially to the "to transfer goods" part. What DAMAC is doing is NOT selling (because there are no goods)... rather it's just taking money :yes:

^^you scare him away... :P

Why do I have the feeling that this forum is no longer being informative, but rather a place to whine?
--- snip ---
Why don't you keep a thread dedicated to a wonderfull tower informative but have to use every opportunity to express you feelings about the company?

IMHO, this thread is informative.
If I have friends who want to invest in any wonderfull DAMAC towers, I would ask them to read thru this thread (and the site in general) first. This would help them make more informed decisions.

And you can guess what their decisions will be.

Prices (starting from):

1 Bedroom - 841 sq ft - Dhs 1,708,000
2 Bedroom - 1,331 sq ft - Dhs 2,529,000


Payment Schedule

Deposit 10% Immediate
1st instalment 10% Within 30 days of reservation
2nd instalment 10% Within 120 days of reservation.
3rd instalment 10% Earlier of piling completion/within 180 days of 2nd installment due date
4th instalment 10% On completion of podium structure
5th instalment 10% On completion of 25th floor structure
6th instalment 10% On completion of 50th floor structure
7th instalment 10% On completion of 75th floor structure
8th instalment 10% On completion of the structure
9th instalment 10% On completion date

2000 dhs /sqf???

that is toooo much , but the main problem is that nobody knows the completion date...

payment plan is tricky , they will get 40 % , and nothing has started.

^^ and 2000 dhs/sq ft is just "starting from"... I guess by the time you reach the 90th floor prices will cross 4000dhs/sq ft :lol:

^^ the funny part is if you go to them to organize a transfer, they dont evenknow how to conduct themselves...it was so laughable when a friend delayed payment by a day..a whole day!!! he was charged the penalty fees mercilessly and he was like "u r charging me and u can't even organize my transfer after booking days in advance"
they lost his details in their mammoth computer system!!!
nine out of ten dont even know the sq ft of one of their buildings without their brochure :lol:


^^ and 2000 dhs/sq ft is just "starting from"... I guess by the time you reach the 90th floor prices will cross 4000dhs/sq ft :lol:

Why do I have the feeling that this forum is no longer being informative, but rather a place to whine? The main difference between DAMAC and all the other 200 private developers in Dubai is very simple. DAMAC sells. But no matter what they do, 99% of you guys keep whining. How come that 6 out of the last 8 buildings launched were 90% sold out during the launch itself?
Why don't you keep a thread dedicated to a wonderfull tower informative but have to use every opportunity to express you feelings about the company?


exactly....2 towers were launched....YES there were delays...if you were there at the launch u would understand why damac sells....and seriously im sure the buyers know about the delays but they still buy....is it that the buyers are stupid??? I DONT THINK SO...its the company who spends a million dhs for one launch( exclusive of the advertising)...yea thats right....
anyway next launch at Emirates Towers launching Commercial space in business bay....

Let us come back to the point of selling. If you work in a Ferrari showroom, a guy has paid a deposit for a 599 which will be delivered to him in let me say 9 months, will you come home and tell you wife "darling I have sold a car for 1.2MIL today" or will you tell her "I have taken money"? Stop picking on details.
The price is currently where it is (2000DHS/sqft) because this is a Signature Tower. If you want to know what it means, go to Media City and check out the showroom flat. If someone wants to buy a cheap flat, DAMAC offeres projects in Arjan under 960DHS/sqft, IMPZ for 880DHS/sqft. But if you want to live in a 90st. masterpiece in an exclusive location, this is the price to pay. Real buyers (not whiners like you living on the internet) will do that.

I don't think salespeople from EMAAR are that great, I also don't think people living in their first EMAAR development are so happy with the floods ect. but EMAAR has moved on and learned from their mistakes. Why can not DAMAC do the same?
If I collect a 10% deposit, passport copy and get a signature on a legal dociment, I have SOLD. Others with they would have sold, no matter how many lines you pick from a vocabulary.

^^ the funny part is if you go to them to organize a transfer, they dont evenknow how to conduct themselves...it was so laughable when a friend delayed payment by a day..a whole day!!! he was charged the penalty fees mercilessly and he was like "u r charging me and u can't even organize my transfer after booking days in advance"
they lost his details in their mammoth computer system!!!
nine out of ten dont even know the sq ft of one of their buildings without their brochure :lol:

How much was he charged for that one day? The penalties are 2%p.m.
So if he has purchased a 1Mil property, his 10% installment would be 100,000DHS.
He was one day late you say? That makes it 0.066% from 100,000DHS=66Dhs
Is it DAMACs mistakes he was late? As long as he has faxed or email the proof of payment showing he paid on time, he is o.k. In the end,he has signed a paper asking him not to be late,right?
Your story about one day delay and penalties is so made up it makes me wanna cry. People being one week late first get a call from the sales person, that from the headofice ect.

DAMAC sells 900-1200units a month, so you are right, there might be better organized companies out there when it comes to handling money inflow, since they have 20-30 sales/transactions a month to take care of. And if they sell 20% of the project in 2 month, they make a big story about it in property Weekly "project XYZ sells like hot cakes":lol:

Please guys, stop whining.

^^ Becouse you sell and don't build, and by doing that, there will be alot of buyers who wait for their "dream" home to be delivered and they keep waiting ... waiting ... waiting.

Plus is the other category of the enthusiasts, who have no financial or professional interest, so they aren't biassed and can clearly recognise BULLSHIT when they see one. :yes:

I went to Dubai marina 2 days ago at night to break in my new car. Drove by The Waves and saw a lady getting in. So I stopped to ask her how happy she is with her apartment. She had no idea where i work or who I am, she mentioned "it was a very good investment" 3 times within 5 minutes and she reported not even one problem with her flat. She bought for 520DHS/sqft and is getting offers for 1500DHS every week. I am sure she can recognise bullshit as well.
And only because one project is a huge pain in the a$$ (read as Ocean Heights) it does not mean DAMAC does not build. Just lay back and watch...

^^ We don't need words, we don't fall for them ... we need actions. You do that and we the enthusiasts will talk about and document the construction process and not the lack of it.

I went to Dubai marina 2 days ago at night to break in my new car. Drove by The Waves and saw a lady getting in. So I stopped to ask her how happy she is with her apartment. She had no idea where i work or who I am, she mentioned "it was a very good investment" 3 times within 5 minutes and she reported not even one problem with her flat. She bought for 520DHS/sqft and is getting offers for 1500DHS every week. I am sure she can recognise bullshit as well.
And only because one project is a huge pain in the a$$ (read as Ocean Heights) it does not mean DAMAC does not build. Just lay back and watch...

So do you think it's acceptable for somebody like Hanna to buy an apartment in Ocean Heights and after 4 years it's still at the piling stage ??

Let us come back to the point of selling. If you work in a Ferrari showroom, a guy has paid a deposit for a 599 which will be delivered to him in let me say 9 months, will you come home and tell you wife "darling I have sold a car for 1.2MIL today" or will you tell her "I have taken money"? Stop picking on details..

The details are what make the difference.

The guy who bought the Ferrari has paid the deposit and knows that his car will arrive after 9 months and then he'll pay the rest, while in case of your beloved company, the guy (or gal) would pay the deposit and continue paying in intervals for something that he has no idea when he will get.

I don't know if you got hold of the difference in details on the above example.

I also will add that someone who fails to realise the importance of each and every detail, MUST not be allowed to work anywhere near public and services.

exactly....2 towers were launched....YES there were delays...if you were there at the launch u would understand why damac sells....and seriously im sure the buyers know about the delays but they still buy....is it that the buyers are stupid??? I DONT THINK SO...its the company who spends a million dhs for one launch( exclusive of the advertising)...yea thats right....
anyway next launch at Emirates Towers launching Commercial space in business bay....

... "cough" ... "cough" ...

Apparently, this tower is 90% sold. Why is it always "90%"???? Why not 60% or 70%..or 85.63%???
Money2Burn, you're too late my friend. People are already too aware of this glorifed catering company and their sales tactics. So I suggest you spend your energy on politely asking Damac to get a move on and start some work on the 60-odd projects they have announced in the last 3 years, instead of trying to improve their image on here which your failing miserably at.

Btw, what's your position within the lovely Damac organisation? :lol:

^^ Are you suggesting he is True Blue's and Hanna's patriot? :ohno:






:D

Please guys, stop whining.

Please Damac, start building

When you have seen your investment static for so long, its a bit of a pisstake to be lectured bye someone called money2burn.

So do you think it's acceptable for somebody like Hanna to buy an apartment in Ocean Heights and after 4 years it's still at the piling stage ??

No, absolutely NOT. They have the full right to be angry, I would be as well. But I think it's not fair to let one delayed project put the whole company into bad light. Think of EMAARS buyers who got their homes late and what happened when it rained for the first time. Does that mean Burj Dubai is not a nice building?

Apparently, this tower is 90% sold. Why is it always "90%"???? Why not 60% or 70%..or 85.63%???
Money2Burn, you're too late my friend. People are already too aware of this glorifed catering company and their sales tactics. So I suggest you spend your energy on politely asking Damac to get a move on and start some work on the 60-odd projects they have announced in the last 3 years, instead of trying to improve their image on here which your failing miserably at.

Btw, what's your position within the lovely Damac organisation? :lol:

No, this tower is not 90% sold as only a few floors have been released so far. Stop putting words into my mouthn, No-one said it is 90% sold. Such an high-end product does not sell over night. Why is it always 90%? Because the company keeps 10% for later sales, in case someone needs ready made offices/apartments.What exactly is odd about projects like Park Towers, The Lotus, Ocean Heights or DAMAC Hights?

You can cry as much as you want, DAMAC has SOLD properties worth 1.3Bil DHS in the month of June :banana: , what have you done? U.K. offices of DAMAC have sold close to 600 units in June, how many did EMAAR sell out of thei U.K. office?
And you are righ, so far too much has been launched and too little delivered. Just lay back and watch........

When you have seen your investment static for so long, its a bit of a pisstake to be lectured bye someone called money2burn.

Not trying to lecture anyone, sorry if you got me wrong. Just presenting the other side of the coin, the more shiny one:)

^^ The "shiny one" as you call it, should have been a long time ago completed Lake Terrace and Lake View towers in JLT and a Ocean Height half way up.

And what pisses off the investors even more, and make you laughable on the eyes of architecture enthusisasts, is wasting millions in dodgy marketing and advertising technique.

I've seen that before in my home country (more then a decade ago) and what happened at the end was nasty ... :runaway:

So do you think it's acceptable for somebody like Hanna to buy an apartment in Ocean Heights and after 4 years it's still at the piling stage ??

Wow! No wonder Damac has a bad name, 4 YEARS and still piling
For haven sake. “What are they Piling?:shocked:

Joke of the day

Cook, cook, cook for and 1 hour, it’s called Burned
What is piling for 4 years called?
“DAMAC”

Sorry Mr Damac, no heart filling “Get a MoVE ON”

No, this tower is not 90% sold as only a few floors have been released so far. Stop putting words into my mouthn, No-one said it is 90% sold. Such an high-end product does not sell over night. Why is it always 90%? Because the company keeps 10% for later sales, in case someone needs ready made offices/apartments.What exactly is odd about projects like Park Towers, The Lotus, Ocean Heights or DAMAC Hights?

I never said you said it's 90% sold, mainly because I never finished reading your verbal diahorrea... I said it's "claimed" its 90% sold...



Flat for sale - Damac Heights, Dubai Marina
Price: Asking price of £235,608
Agent: Landvest Dubai


1 bedroom, 1 reception room, 2 bathrooms - Asking price of £235,608


Freehold Apartments Prime Dubai Marina
UAE Residence Visa
A Reputed Developer
Exclusive Pre-Launch Prices
90% Sold Out On Launch
Close To All Amenities
Strong Expected Capital Growth


Damac Heights, the 90-storey splendour. Monarch of all it surveys in the prestigious Dubai Marina and overlooking the Palm Jumeirah, the 8th man-made wonder of the world, this signature tower offers the most exclusive penthouses, duplexes, 3, 2 and 1 bedroom apartments in the world. Come home to limitless luxury, with all the fine details of fine living right inside your home. This is what life at the very top is all about.




From the moment you step inside the tower, you'll be swept away into the lap of luxury.
A private cinema, personal gymnasium, indoor swimming pool, jet spa and sauna. Limited to penthouse and duplex apartment owners.
Integrated smart home management systems with h i-speed internet access
Security access control
Intelligent control of cooling, heating and lighting
Central monitoring and control of building services
Golf simulator
Games room
Nursery, nanny and day-care facilities
Elegant banquet area
Meeting room for parties and gatherings
Separate Male/Female Health Club
Temperature controlled swimming pool
Sauna/Steam/Spa bath
Gymnasium
Barbecue area
Valet parking
Ample covered car parking on multiple levels
Mail box for each apartment
Cleaning room services



For full info and reservations contact us today on +44(0)870 0333745 or visit us at www.landvestdubai.com

BTW, you haven't answered the question about which department you work for at Damac.

As much as I agree with a lot of what is written, if we have money2burn from damac contributing lets ask him questions which are supported by evidence.Instead of sweeping critical statements could we be more specific. At least damac are here and I belive this forum will be more informative for the thousands of interested parties who read ssc for information but do not contribute.Hopefully other developers will follow their example but obviously won't bother if they just get a general slagging off. Just a thought !!!!!! eg It would be great for the developers of Infinity, Trump tower etc etc to give us a weekly , monthly update so we get info from the horses mouth even though we might not like what they always say

No, absolutely NOT. They have the full right to be angry, I would be as well. But I think it's not fair to let one delayed project put the whole company into bad light. Think of EMAARS buyers who got their homes late and what happened when it rained for the first time. Does that mean Burj Dubai is not a nice building?

Fair enough.

BTW Money2Burn I welcome your input on this forum it is nice to hear somebody arguing their point from a different perspective.

What exactly is odd about projects like Park Towers, The Lotus, Ocean Heights or DAMAC Hights?

Hmm... minimum 3 years waiting time for all of them after launch just for construction to start?

^^ To be fair, you don't have to say the same for the The Lotus, since the complex was launched less then a year ago.



... but to be even fairer, that much of delay in there will not be surprising. :D

sorry.. I guess I should give credit where it's due. So Damac got one project out of 50 going on time? wow... I bet Naz just got an orgasm out of that news

Money2Burn, if you work for Damac could you send me some floorplans of the high up floors of this tower? I need them for my 3D model

Yeah...its the least you can do, if you guys are not gona actually build any towers this decade.

sorry.. I guess I should give credit where it's due. So Damac got one project out of 50 going on time? wow... I bet Naz just got an orgasm out of that news

You didn't get my post ... at all. :D

Another one to add to the list is Lago Vista (DIMPZ), launched 1.75 years ago and still just a boarded off empty plot. Only found out about this one after my neighbour came to ask me about buying in Dubai. When he told me he had bought from DAMAC the smile vanished from my face.

I see what the main concern is. Comparing to EMAAR, a company that rather builds first than makes the launch, DAMAC in turn purchases the land (which is for free E.,N. and D.P.) and the launch takes place only 4-6 weeks after that. DAMAC is launching very fast, before anything is confirmed. Only after that you start appointing companies to do the piling, shoring, construction ect. So what? The sun is shining now, no time to waste.

Lago Vista will be delivered on time, no -one said it will be 1 year after the launch. I am not trying to have an arguement here with the sort of people who leave their house only to buy a new mouse, nor do I care that I am "laughable on the eyes of architecture enthusisasts" that have no idea what it takes to deliver a building.
I get a LOT of valuable information out of this forum and I have to thank many of you for that.

[QUOTE=Naz UK;14103848]I never said you said it's 90% sold, mainly because I never finished reading your verbal diahorrea... I said it's "claimed" its 90% sold...



Flat for sale - Damac Heights, Dubai Marina
Price: Asking price of £235,608
Agent: Landvest Dubai


1 bedroom, 1 reception room, 2 bathrooms - Asking price of £235,608


Freehold Apartments Prime Dubai Marina
UAE Residence Visa
A Reputed Developer
Exclusive Pre-Launch Prices
90% Sold Out On Launch
Close To All Amenities
Strong Expected Capital Growth


Was any of the above written by a representative of DAMAC? As long as it was not, I may claim in the name of Venus Williams that her balls are 90% hairy.:banana:

DUBAI said he will eat his hat if the price of a 1 bed in Dubai Marina ever reached £250,000. I am sure the higher level ones are this price now. Anyone got some salt :D

I would love to see the Government of Dubai, Audit. DAMAC.
Give the company an approval to clear any suspicion and get them on the path to construction again.

I suppose what worries us at this forum is real work being done, rather than SPIN.

I am not here to sell; I am not here to troll. I am here to admire. I am here to share information.

Maybe some of us are bias towards certain projects that we have bought or involved in.

We worry how the cloud over DAMAC is going to clear, but when I stick my head out of the window, I see rain; hopefully a storm does not come in.

...I am not trying to have an arguement here with the sort of people who leave their house only to buy a new mouse, nor do I care that I am "laughable on the eyes of architecture enthusisasts" that have no idea what it takes to deliver a building...

Excuse me but most of persons here are people working, some enthusiasts becouse are related to the industry, and some simply love scrapers.

We have a very good idea what it takes to deliver a building, that's why we don't fall for your marketing tricks and lies. Not only that, but we consider them also an insult to our level of intelligence.

Now go finish what should have been completed last year and start building what should have been half way up by now ... and while there don't tell BS stories to your investors becouse when they will get fed up and you'll (eventually) start telling the truth, no one will believe you anymore.

Just take a look at the WIND Towers thread on the Jumeirah Lakes Towers section.

I see what the main concern is. Comparing to EMAAR, a company that rather builds first than makes the launch, DAMAC in turn purchases the land (which is for free E.,N. and D.P.) and the launch takes place only 4-6 weeks after that. DAMAC is launching very fast, before anything is confirmed. Only after that you start appointing companies to do the piling, shoring, construction ect. So what? The sun is shining now, no time to waste.

Lago Vista will be delivered on time, no -one said it will be 1 year after the launch. I am not trying to have an arguement here with the sort of people who leave their house only to buy a new mouse, nor do I care that I am "laughable on the eyes of architecture enthusisasts" that have no idea what it takes to deliver a building.
I get a LOT of valuable information out of this forum and I have to thank many of you for that.


Hi Money2Burn

I agree with Malac, if you work for Damac would you would be kind enough
to give a prediction when Ocean Heights will be started and completed and what level of compensation
would you think compatable with the lengths of delays for the past and the probable future ones.:cheers:

^^ If Damac was able to give you those answers, we wouldn't be "bashing" him now. ;)

^^ If Damac was able to give you those answers, we wouldn't be "bashing" him now. ;)

Hi AltinD

Precisely I want a bash at an under cover Damac rep, the Damac
counterintelligence dept wouldn't give you a wave out of a trip bus
so this maybe be my chance to get some answers from him don't you
think ! :cheers:

Hi Money2Burn, as we all know there will soon be a law enforcing developers to place investors' funds into escrow accounts. Why have Damac not chosen to take this up voluntarily (like Dubai Select) to show that they are in favour of this before the law is enforced ?? Surely anybody purchasing a Signature Apartment would prefer this protection for their monies ??

Hi Money2Burn, as we all know there will soon be a law enforcing developers to place investors' funds into escrow accounts. Why have Damac not chosen to take this up voluntarily (like Dubai Select) to show that they are in favour of this before the law is enforced ?? Surely anybody purchasing a Signature Apartment would prefer this protection for their monies ??

Hi Morrismarina

I posed this exact question to the Damac Customer relations rep last November he told me Damac were in full agreement with escrow acccounts and would go down the road in introducing them to the market for Damac clients.It is now July and what have they done 'ZILTCH' talk is cheap I was
told that with a lot of other bogus answers so that I would go away and play
on the motorway or something to that effect :cheers:

^^ u didn't really believe that damac would agree to an escrow account did you?? :lol: :lol:
damac staff dont know the sq ft of some of their units any more than the average joe!

I suppose it's obvious why they will not introduce escrow accounts until they are forced to do so by law - they won't be able to use funds for one development to fund the launch of another. Hence the reason they've launched around 60 projects before the law comes into force. (It will not apply retrospectively).

I suppose it's obvious why they will not introduce escrow accounts until they are forced to do so by law - they won't be able to use funds for one development to fund the launch of another. Hence the reason they've launched around 60 projects before the law comes into force. (It will not apply retrospectively).

Hi Morrismarina

Thanks for the update are you sure that it will not apply 'retrospectively'
:cheers:

Yes it's definitely not retrospective, I read it was only for new developments launched from when the date the law is passed. It could never be retrospective as developers, such as Damac, would have already allocated some part of investors' funds elsewhere. For example Mr X could find that all his payments for Ocean Heights have been used to pay for the Lamborghini in the Damac prize - would be impossible to insist that they pay them into an escrow account months, or in the case of Damac, even years later.

Im no architecture enthusisast. Damac are doing ok for amatures.

I would love to see the Government of Dubai, Audit. DAMAC.
.....
We worry how the cloud .......

Don't worry! I found following site informative.

http://www.damacproperties.com/new/main/PictureGallery.asp?ProjectID=99

All I wanna know is what the hell have they been piling for 4 YEARS? :wtf:

I could take a shovel in hand and f*****g dig my way to the earth's core in that time! I mean c'mon now:bash: :wallbash: :mad2:

^^ They have planned to build a 50 storey tower in there, and the piling for that tower was completed in late 2004, then they changed the desiign to the current one and the plot remained vacant till early 2006 when the piling for the current design started.

^^ Thanks for clearing that up AltinD... why didn't anyone else here specify that?:rant: :bash: At least I don't think I need glasses...???

^^ Easy, becouse this is the thread for Damac Heights and NOT for Ocean Heights, which I was talking about. :D

^^ :doh::cry:

Excuse me please but I've got an appointment in one hour with my optician:runaway:

Another large render
Would really like to get some floorplans of those top floors.

http://img75.imageshack.us/img75/8859/imageia2.jpg

^^ WOW!!!:omg: This is just beautiful... only in Dubai...

Maybe those top floors will be unoccupied malec???...hmm...

It would be incredible to have a flat at that topmost point, even if it were quite small. I would even think to inquire if were anyone but Damac.

Yes that will be an incredible tower, can't wait for construction work to start. To be fair to Damac their completed towers do look very nice (both of them). Only been in The Waves but was very impressed.

It would be incredible to have a flat at that topmost point, even if it were quite small. I would even think to inquire if were anyone but Damac.

Couldn't agree more... but do you think this would make you even more captivating to the ladies?:lol: :lol:

awesome render malec, the design is so wonderful....one of my favourite projects now :)

20/July/2007

Damac Heights plot

http://img479.imageshack.us/img479/5833/imresolt159sb0.jpg (http://imageshack.us)

Soil testing is about to start.

Some new renders by me


http://img253.imageshack.us/img253/141/oh2ant1.jpg

http://img253.imageshack.us/img253/3364/oh2b2nm0.jpg


More to come later :)

that's awesome work malec.. better put a watermark on them

Amazing, looks better than Damac's render!

watermark them. otherwise DAMAC might steal them...:gunz: :gunz: :gunz:

Watermarked now.

Some more renders:

http://img123.imageshack.us/img123/9981/oh2cqt3.jpg

http://img123.imageshack.us/img123/3258/oh2dzf5.jpg



Skyline:

http://img123.imageshack.us/img123/2186/marinav615texturesij8.jpg

http://img466.imageshack.us/img466/8307/marinav614textureskg4.jpg

Your quite talented malec. Thanks for all the hard work.

malec, Those renders are awesome. You aren't quite talented, you are outstandingly talented and you should rightly feel very proud of yourself.:applause:

How long did it take to put them together?

one question malec.. how do you know the orientation of towers or is that just an educated guess from your side?

You mean the orientation of this tower? Look at post 341, that render shows the chamfered corner of the base is on the right. Since it's connected to infinity's base is must mean you're looking from somewhere near marina phase 1. There's another render somewhere showing the sea facing part.

yea I meant orientation of all the towers not just this one.. like even ocean heights.

I dunno, most were obvious from the renders. For ocean heights I looked up the whole thread and the model shows its orientation. Pentomimium was easy since one of the renders shows the surroundings. All the rest of the towers are the same on all sides so it doesn't matter for them

^^ Yes, the render of this tower shows the part facing the Marina.

"Prices range from Dh2.5 million for a one-bedroom apartment to Dh41 million or more for a penthouse"

is that true?

^^ Yes.

Not only are such prices obscene from any perspective, but to think that you would basically pay 20-30% and then have to wait 6 years to a decade before delivery is just outrageous.

These prices are probably the only way they can pay for this building. To damac, welcome to supertall construction.

"Prices range from Dh2.5 million for a one-bedroom apartment to Dh41 million or more for a penthouse"

is that true?

Somebody might pay that when completed but seems a ridiculously high price to pay off-plan. :ohno:

^^said that from the beginning. NEVER.

damac will have real problems building this.

anyway, awesome renderings malec.

Somebody might pay that when completed but seems a ridiculously high price to pay off-plan. :ohno:

Agreed. That's outrageous!!!!:bash: Can't see this building shooting up with prices like that!!!:ohno:

That is why Damac will offer 99% finance.

If Damac need to sell most of the apartments in order to finance this project then i dont think it will ever be built.

At what they're charging, sales of one or two flats could well pay for the cost of the foundation. My guess is the money that comes in--if it does--won't be needed so much to get this tower off the ground but to get work going on those launched 3-4 years ago.

watermark them. otherwise DAMAC might steal them...:gunz: :gunz: :gunz:

Yeah, DAMAC pays $hitload to AEDAS to design the building just to steal a render from a public internet forum..sometimes I feel the jokes we used to crack back in kindergarden were more entertaining that the comments I come across on this forum.:ohno:
Regarding the prices...if some of you did not notice, the whole building has a Signature Series specification. If you have no idea what that is, visit DAMAC's DMC sales office and ask them to show you the penthouse. Ain't cheap that stuff, ain't for everyone eighter.

:bash: it was a JOKE !!! :bash:

Yes Julito, but you clearly hurt his feelings. I hereby apologise, on behalf of individual contributors, the Coalition of Moderators, Skyscrapercity.com, the King of Belgium and all persons involved in the discussion of Damac Properties LLC and all of its associated businesses, including Automatic Restaurants, Eatsh Itan Die Caterers and Ri Poff Merchants LLC, for any offence caused through remarks either misconstrued as drerogatory or libellous towards the company and its associates. We hereby acknowledge Damac Properties Group to be a legitimate developer, that no one does better gingerbread men than its catering division and that taking 6 and a half years to complete one tower which is sold at 2 and a half times market value is no crime at all.

Yeah, DAMAC pays $hitload to AEDAS to design the building just to steal a render from a public internet forum..sometimes I feel the jokes we used to crack back in kindergarden were more entertaining that the comments I come across on this forum.:ohno:
Regarding the prices...if some of you did not notice, the whole building has a Signature Series specification. If you have no idea what that is, visit DAMAC's DMC sales office and ask them to show you the penthouse. Ain't cheap that stuff, ain't for everyone eighter.


Why are you always so bitter? Is it because of all the frustration you guys have from your inability to run a business on ethical terms?

Why are you always so bitter? Is it because of all the frustration you guys have from your inability to run a business on ethical terms?

Hi Krazy

Are you saying Money2burn is a Damac employee ! :cheers:

^^ I think he told us that himself when he first came to the forum a long time ago

Ain't cheap that stuff, ain't for everyone eighter.


Spelling correctly aint for everyone either :lol:

^^ I think he told us that himself when he first came to the forum a long time ago

Hi Krazy


Thanks for the info that put's a different slant on things,I do like talking to these people.:cheers:

Yeah, DAMAC pays $hitload to AEDAS to design the building just to steal a render from a public internet forum..sometimes I feel the jokes we used to crack back in kindergarden were more entertaining that the comments I come across on this forum.:ohno:
Regarding the prices...if some of you did not notice, the whole building has a Signature Series specification. If you have no idea what that is, visit DAMAC's DMC sales office and ask them to show you the penthouse. Ain't cheap that stuff, ain't for everyone eighter.

OK, I have a few non-bullshit questions about this tower that you might be able to answer and are probably of interest to both investors and everyone else.

1: When aedas showed the building as ocean heights 2 on their website they said it had 106 floors and was 460m high. Are these numbers still true or have they been reduced?

2: The main question obviously is, when will construction start? Any idea on when they'll start excavating, then piling, and maybe when the main contractor takes over?

3: I presume the mess on the infinity tower site will cause some problems and that damac heights won't be able to start until they've sorted them out. How far in construction will infinity tower have to be before you guys can start?

And you really expect some answers? :)

No , we demand answers:guns1:

31/Aug/2007

Damac Heights, plot

http://img142.imageshack.us/img142/834/imresolt040tz1.jpg (http://imageshack.us)

they are actually selling this on gowealthy, with floor plans and stuff.. can't believe it.

Hi all

I saw this article this morning on Damac I see they are back at the spinning
again,didn't take them to long to get going.
They have never mentioned anything about the Escrow law and their future participation. I am fed up asking them about and you guessed still waiting for an answer. :cheers:



DAMAC looks to new heights
Last Updated : Tuesday 16 Oct, 2007 -
DAMAC Properties will showcase its developments at Cityscape Dubai. The company currently has over 10,000 customers across six countries. “This is an established event on the calendar of every international property developer and we are delighted to be here at Cityscape,” said Hussain Sajwani, chairman of DAMAC Holding.



“We will display the most luxurious, elegantly designed, high quality properties spread across the Middle East and the Mediterranean region. We have sold our properties to over 110 nationalities across the globe.” Luxurious developments from DAMAC, including the projects from countries including Egypt, Jordan, Saudi Arabia, Lebanon, Qatar and UAE will be featured at DAMAC’s stand in Sheikh Rashid Hall.
The participation in Cityscape will also provide an international platform for DAMAC to showcase its developments to future residents. Peter Riddoch, CEO of DAMAC Properties will also be speaking about the “thrills and spills of luxury residential developments” on October 17 between 11:50am and 12:10pm.
“Our impressive project portfolio includes some of the most innovative and luxurious developments in the Middle East,” he said. “This show is a great platform and a springboard for the people in UAE to make their way into some of our state-of-the-art properties.” Cityscape Dubai, now in its sixth year, is set to welcome more than 45,000 regional and international investors, property developers, governmental and development authorities, leading architects, designers, consultants and senior professionals from over 120 countries.
DAMAC Properties recently won three prestigious awards at the CNBC Arabian Property Awards 2006. The property developer bagged the best development award for ‘Oceanscape’, best architecture award for ‘Ocean Heights 2’ and the best web site award for the company’s web site – www.damacproperties.com. Furthermore, DAMAC properties recently announced the launch of another development – ‘The Signature Residences’.

Hi All

im realluy pleased to see all those people working on the Damac plot, I mean it can only be a matter of time before we see this beast rising from the earth...

Do you reckon they have sold out the whole building or not yet , :d

What people? Are you hallucinating?

i was being SARCASTIC...

ANYONE seen the latest Damac ad for cityscape , they got a picture of this in it , and they talking about % appreciation in value since launch of their towers, lol

Wait till someone asks for % completion lol hahah

OK sorry, missed that one! :D yes, i saw that ad.

16/Oct/2007

Damac Heights

http://img143.imageshack.us/img143/687/imresolt336gm3.jpg (http://imageshack.us)

http://img143.imageshack.us/img143/218/imresolt337kx9.jpg (http://imageshack.us)

Did the Sales guy tell you it was 90% sold out and already under construction. Whats this years offer if you buy an apartment a free boat, we had the car and plane :rofl:

http://img484.imageshack.us/img484/3720/d1zg9.jpg (http://imageshack.us)

http://img484.imageshack.us/img484/5206/d1aoq8.jpg (http://imageshack.us)

http://img81.imageshack.us/img81/6646/d2ct6.jpg (http://imageshack.us)

http://img86.imageshack.us/img86/2029/d3dd9.jpg (http://imageshack.us)

Facilities:


Integrated smart home management systems; hi-speed internet
Security access control
Intelligent control of cooling, heating & lighting
Central monitoring of building services
Golf simulator
Games room
Nursery, nanny & day-care facilities
Elegant banquet area
Meeting room for parties & gatherings
Separate male/female health club
Temperature-controlled swimming pool
Sauna/steam/spa
Gymnasium
Barbecue area
Valet parking
Ample covered car parking on multiple levels
Mail box for each apartment
Cleaning room services

^^ Prices are similar to Marina Arcade I think

BzUt7h2Owh8

if they make the podium , already will get 50% , good for the DAMAC:)

I don't know if this is a stupid question or not but could it be that they simply haven't sold enough units to begin construction, hence the over saturation in advertising and free gift promotions?

What, ya kidding, at these prices? The tower sold out completely within 25 seconds on the first day of launch. The delay is due to, well some other reason, which they cannot reveal to for security reasons, er, due to the volatile situation in Iraq, or something.

Suggesting that this tower is delayed coz Damac can't sell apartments for love nor money is ludicrous and tantamount to libel, and there is no evidence to suggest this. I mean, for God sake, call the Sir Sajwani a lying, cheating crook, or say Pete the wanker has the business ethics of a Columbian drug dealer, but to suggest they cannot sell is slander and plain scandalous.

I love Damac :D

Scoot68, Naz is just be silly the honest answer from DAMAC is the tower is 90% sold just like all there other towers.........So the delay is obviously to do with the issues Cayan are having with Infinity and DAMAC can't do much until the situation there is sorted and until then we'll sti on the deposits and earn extra money to design another nice tower, which will off course be 90% sold before even the drawings or location are decided upon.

Pricing seams expensive........at around 1950 sq/ft but then again prices in general gone up in marina + factoring in rising cost which will rise even more with DAMAC's usual delays.

Usual DAMAC too many launches not enough action compare to DS or Cayan or Trident who all have fewer projects but most under construction and in Cayan's case one delivered, one be delivered soon with Dorra Bay to follow with delivery that nearly more towers delivered and DAMAC have.

I love ...........

Damac have confirmed to me this morning that there was a typo error by one of their Phillipino office girls and she put a digit in the wrong place - Damac Heights is in fact 0.09% sold.



:lol:

Damac have confirmed to me this morning that there was a typo error by one of their Phillipino office girls and she put a digit in the wrong place - Damac Heights is in fact 0.09% sold.



:lol:

Hi Morris

That's more likely the case :cheers:

What, ya kidding, at these prices? The tower sold out completely within 25 seconds on the first day of launch. The delay is due to, well some other reason, which they cannot reveal to for security reasons, er, due to the volatile situation in Iraq, or something.

Suggesting that this tower is delayed coz Damac can't sell apartments for love nor money is ludicrous and tantamount to libel, and there is no evidence to suggest this. I mean, for God sake, call the Sir Sajwani a lying, cheating crook, or say Pete the wanker has the business ethics of a Columbian drug dealer, but to suggest they cannot sell is slander and plain scandalous.

I love Damac :D

Hi Naz

I am glad you think Mr Riddoch was all of the above,here's me thinking I was the only one that saw through him and his gaudy act.:cheers:

Looks like they have moved the tower into the plot occupied by Infinity in the promotional video. Also if the average 2 bed looks anything like the apartments shown in the video, I will kiss Pete's arse.

By this time next year Cayan will have 4 towers completed (Jewels counted as 2) and atleast 4 more under construction. All with very little advertising or promotion expense, although I did get a coffee one morning on their account ;)

Looks like they have moved the tower into the plot occupied by Infinity in the promotional video. Also if the average 2 bed looks anything like the apartments shown in the video, I will kiss Pete's arse.

By this time next year Cayan will have 4 towers completed (Jewels counted as 2) and atleast 4 more under construction. All with very little advertising or promotion expense, although I did get a coffee one morning on their account ;)

^^ well word of mouth is seen as the best advertising

^^ DAMAC are trying to build a Brand which generally is not done by word of mouth, i got no problem with that. But DAMAC problem is toooooooooooo much Branding and Launching and not enough action on the ground with a lot of peoples money in their pockets.

Anyway True Blue i hope to see the day when your Kissing Pete's Arse........it might be a few years off yet. If i was Pete i'd make sure at least a few two beds do look like video.

THIS THREAD SHOULD BE ON HOLD TELL 2010 coming after that we will see what's happin lol

^^ One thing is for sure though, unless Cayan sorts out the foundation problems of Infinity and the basement floors are completed with the tower rising above ground, Damac can't practically start any kind of work on site, even in the unlikely case they would want to.

They seams to have the luck on their side this time. Lucky bastards :D

^^man they are so lucky , but without doing an anything IF infinity tower in this plot u can imagine they will come with more progress rather than no.1 things DAMCRASH i mean DAMAC...:bash:

24/October/2007

Damac Heights (still the Infinity's contractors use this plot)

http://img512.imageshack.us/img512/8642/imresolt037hm5.jpg (http://imageshack.us)

Lets be Honest IMRE, DAMAC are in no rush to get building on this plot Infinity using the Plot is just a good excuse for why it's delayed.

yes, I wanted the say the same, good reason for the DAMAC:)

Lets be Honest IMRE, DAMAC are in no rush to get building on this plot Infinity using the Plot is just a good excuse for why it's delayed.



Hi thedubailife

I agree look how many years it has taken Damac with Ocean Heights
to get to this point.It was a gift from heaven (or a diver with a long drill)
on the Infinity wall,only joking :cheers:

It was a gift from heaven (or a diver with a long drill)
on the Infinity wall

^^:lol::lol::lol:

Looks like Eureka Tower in Melbourne...

^^ GOD FORBIT :lol:

http://www.damacproperties.com/new/main/v3-images/images/damac-heights-trace.jpg

damac's ever increasing prices ...Damac Heights
http://img232.imageshack.us/img232/1859/picture1nj1.jpg

this is very expensive, who will buy here?

Why but here when in tower next to it or close to it you could easily get a two bed for the price they asking for a one bed............oh well Infinity tower might have some rich and famous neighbours

They must have got the bill for the private jet they gave away!

this is very expensive, who will buy here?

They are advertising in the USA via condohotelcenter.com


Joel Greene here from Condo Hotel Center. If you’ve been a subscriber to our Property Alerts for a while, then you know how enthusiastic I am about real estate in Dubai, UAE, the fastest growing city in the world.
About a month ago, I received one of those phone calls that I knew was going to “change everything.” The call was from Oliver Hickey, Sales Director of Damac Properties, and here’s what he said:

“You may already be aware of Damac Properties, as we are the largest private property developer in the U.A.E. (United Arab Emirates). Currently we have $1.6 billion worth of projects in development, including 68 projects just in Dubai.

“We have investors from across the globe but I would like to extend our reach to the U.S. market, and I’d like Condo Hotel Center to be our partner in this effort.”

Mr. Hickey went on to say that projects in Dubai would be only the beginning. In the months and years ahead, Damac Properties would provide Condo Hotel Center with real estate investment opportunities worldwide in places like Egypt, China, India and the United Kingdom.

So, what does this mean to you? It means that starting right now, because of our newly-established relationship, you will find out about the newest properties to come on the market in Dubai and other countries where we have never before had inventory.

Damac Properties has given Condo Hotel Center our first two properties to present to you, and that’s what I have for you in today’s Property Alert. These properties, both in Dubai, are at opposite ends of the pricing spectrum.

One is an ultra-luxurious residential waterfront property located at one of the most prestigious addresses in the city, Dubai Marina.

The other is a more affordable project, also top quality, but modestly priced from $151,000, making it ideal for someone who wants to test the waters slowly in investing in the region. It is located in exciting Dubailand, which is where the immense theme parks, sports arenas and resorts are being built (think Disney World on steroids).

Let me tell you a bit more about each property and its unique location.

Property #1: Damac Heights, Life at the Top

Towering high above the prestigious Dubai Marina (more on this exciting location in a minute) and overlooking the infamous Palm Jumeirah Island and Arabian Sea, Damac Heights will be a 95-story signature tower. It will offer exclusive one-, two-, and three-bedroom apartments, duplexes and penthouses.

It will have 95 floors in total, 90 stories of luxury condos and five stories underground consisting of high-end retail shopping, fine restaurants, a health club, a sauna, swim facilities, golf simulator, meeting rooms, elegant banquet area, day-care facilities, game room and valet parking.

The top floors of the tower will contain the penthouse apartments and duplexes. The owners will have additional amenities like a private cinema, personal gymnasium, indoor swimming pool, jet spa and sauna.

The Damac Heights penthouse condos will be 5,000 to 7,000 sq. ft. of splendor located on the 95th floor of the tower.

All of the individual condos will offer spectacular views of the marina, sea or Palm Jumeirah. They’ll have en-suite bathrooms and built-in wardrobe closets.

Damac Heights will have luxurious one-, two-, and three-bedroom apartments and penthouses.

Luxury finishes, upscale kitchen appliances, marble flooring, central air-conditioning, high speed Internet, cable TV connections and state-of-the art security systems will all be standard.

Kitchens will be ultra-modern and have the highest quality appliances and finishes.

Construction on Damac Heights is expected to start in February 2008 and to be completed in mid-2011.

Prices for unfurnished Damac Heights apartments range from $700,000 to $15 million and units range in size from 881 to 7,000 square feet.

Those prices are insane. Dhs 3 million for a one-bed apt--that isn't even 1000 square feet! Now, I've heard that a one-bed can cost US$ 1 million on Manhattan. That I presume is Damac's benchmark. But US$ 1 million in NYC will probably buy an exclusive flat in an established, super-classy tower. Damac is trying to garner these prices for something that exists only on paper. The way I see it, there's an element of risk in off-plan, not only that it might never get built but that the quality might not be as advertised. Therefore, some of that risk has be priced in to lower, more reasonable off-plan rates.

Jeez, whoever buys from Damac at these prices deserves to get ripped off for their stupidity. A fool and his money...

they should rent it off for arab-tec workers lol....or make it hotel it's much better .

28/November/2007

Damac Heights plot

http://img508.imageshack.us/img508/6696/imresolt041cx1.jpg (http://imageshack.us)

http://img526.imageshack.us/img526/7150/imresolt042xr9.jpg (http://imageshack.us)

That is one THIN plot for such a tall tower. It's going to look stunning. Is it wrong that Damac is one of my favorite developers in Dubai?

Wait, is that road to the right of the sand plot also part of the plot for the tower? Or is that a permanent road?

Is it wrong that Damac is one of my favorite developers in Dubai?

No, just unreasonable :)

Wait, is that road to the right of the sand plot also part of the plot for the tower? Or is that a permanent road?

this is a brand new road just because of the Emirates Marina Hotel.

That is one THIN plot for such a tall tower. It's going to look stunning. Is it wrong that Damac is one of my favorite developers in Dubai?

No it's not, just that the odds of this actually getting built aren't very high

No it's not, just that the odds of this actually getting built aren't very high

I don't know about that... I used to think that they had no intention to complete many of their projects but they seem to really be getting their act together lately. Especially over at OH where Arabtec is powering forward at an extremely brisk pace. The Damas Towers (I forget the new name, it's like Angsana or something) on SZR are two more examples of them completing (well, their almost done) fantastic looking towers that appear identical to the render and what was promised. Not that slow either when you compare to some other developers.

However, they still have loads of work to do, like get Park Towers going and compensating owners of apartments in many of their projects who have had to face huge delays or quality issues with the finishings of their apartments (I've heard some bad things about The Waves).

Maybe the fact that they recently jacked their prices through the roof is fueling their new push forward...:dunno:

Damas Towers are not built by them, they're completely different.
Now I don't think Damac are going to run away with people's money like in the lighthouse incident but compare them to trident for example. Both are late with handovers but trident have every one of their towers well under construction (except pentominium which was launched only a few months ago). I'm just wondering where the hell Damac will get their money. Hiring architects and buying land for 60 project sure must have cost a lot, I wonder how much they have left for the building of them all.

... like get Park Towers going ....

Park Towers is coming along nicely. :)
Check out the progress on Damac's website as well as here, within the relevant section.

They are well on schedule to finish it by end of 2009. Afterall, it is only 30 floors x 2.

I doubt that they will finish it before 2010, even if it is 30 floors x 2. Unless they hire Arabtec or a similar company to come in and get the job done...

Damas Towers are not built by them, they're completely different.
Now I don't think Damac are going to run away with people's money like in the lighthouse incident but compare them to trident for example. Both are late with handovers but trident have every one of their towers well under construction (except pentominium which was launched only a few months ago). I'm just wondering where the hell Damac will get their money. Hiring architects and buying land for 60 project sure must have cost a lot, I wonder how much they have left for the building of them all.

Damn, you're right. I posted this in the Angsana Suites thread back on November 4th and nobody ever corrected me...

Even if these are very similar to the Chelsea tower across the street, I think that these two are much better considering that they are twins and have slightly better facades and roof features. Never thought I'd say this, but well done Damac. Now get moving on Lotus Heights, Park Towers, Damac Heights, etc. and people may start taking you as a serious and reputable developer.

I knew it was too good to be true...:ohno:


On a seperate note, this WILL be built and you know it deep down. Stop worrying about it... they are a huge scale developer in the Middle East and wouldn't get away with not building anything here, although a redesign (more like a tone down) is possible, though I doubt they will change it as they have already advertised this heavily and sold many of the units as per this design. My guess is everything here will turn out very nice and of high quality (Sig. Apartments and such), but just delivered late. Completion in 2012 is easily doable and seems like a smart estimate in my mind.

^^ I actually remember being about to correct you in that thread but I got distracted by something! :lol:

^^ I actually remember being about to correct you in that thread but I got distracted by something! :lol:

Thanks! It's because of you that I went on believing they were the one's repsonsible for Damas Towers until now! Jerk!:lol:

In Feb 2008 I recon we'll see a soil test not actual construction beginning

As I have said earlier also: Nothing will happen in this plot unless Infinity Tower is at ground level, no matter who owns it.

As I have said earlier also: Nothing will happen in this plot unless Infinity Tower is at ground level, no matter who owns it.

What makes you say that? How does Infinity Tower influence DAMAC HEIGHTS?

^^ They can't excavate the Damac Heights plot until the Infinity plot is filled up, otherwise the wall between the two plots would collapse.

What makes you say that? How does Infinity Tower influence DAMAC HEIGHTS?

Anyway do you really think DAMAC are in a rush to strat construction on this tower they got about 50 other which were launched before this one.

It just give them an easy get out clause to blame the Infinity incident as the casue for delay in consturction beggining

They're selling at prices which won't be market price for 2/3 years ...I wouldn't expect much to happen here until late 2008/2009

06/December/2007

Damac Heights

http://img228.imageshack.us/img228/7568/imresolt091mx2.jpg (http://imageshack.us)

http://img146.imageshack.us/img146/9493/imresolt092fl0.jpg (http://imageshack.us)

04/January/2008

Damac Heights

Soil testing

http://img91.imageshack.us/img91/7004/imresolt122om2.jpg (http://imageshack.us)

http://img91.imageshack.us/img91/1949/imresolt123xe3.jpg (http://imageshack.us)

http://img91.imageshack.us/img91/8104/imresolt124we2.jpg (http://imageshack.us)

http://img91.imageshack.us/img91/7807/imresolt125ih1.jpg (http://imageshack.us)

Great news! :banana:

Thanks! :)

Finally some action on site.:cheers:

Memory refresh for the overly-enthusiastic:

As I have said earlier also: Nothing will happen in this plot unless Infinity Tower is at ground level, no matter who owns it.

They can't excavate the Damac Heights plot until the Infinity plot is filled up, otherwise the wall between the two plots would collapse.

^^oh yeah. forgot:bash:

Can any one tell me why damac 1 bed is so costly and what is meant by signature ?
cheers

Can any one tell me why damac 1 bed is so costly and what is meant by signature ?
cheers

"Signature" is the name Damac is giving to their line of ultra expensive apartments...which answers your other question too. :lol:

So are all of Damac's properties "signature"? And Signature in my dictionary means "greedy fat bastard over-inflated pricing".

^^ So Eddy Signature is the name of your landlord?

18/January/2008

Damac Heights

http://img413.imageshack.us/img413/1521/imresolt137qn7.jpg (http://imageshack.us)

http://img242.imageshack.us/img242/1156/imresolt140ky9.jpg (http://imageshack.us)

sleep site

^^ You shouln't be expecting anything more for a year at least...

01/February/2008

Damac Heights

http://img254.imageshack.us/img254/6899/imresolt113yw4.jpg (http://imageshack.us)

The model at the DAMAC stand on MoE

http://i30.tinypic.com/2u7tz15.jpg

http://i25.tinypic.com/333iudj.jpg

http://i27.tinypic.com/5mfsqd.jpg

:nuts:The BEST TOWER in Dubai Marina (after 2009) ! ^^

Hope for faster progress!:cheers:

can't wait until it is completed, the top part is so wonderful :)

the top = bling,bling !:applause::rock::bow:

nice model ")

Wow, what a stunner!! But why they don't work on it?? Is it because of the Infinity Tower??!!

Yes they can't start until problems at Infinity sorted.

I agree a fantastic looking tower, love the chrome piece at the top.......for all the critiscm we give Damac on SSC they do have some amazing architects onboard and do get it spot on in this department........along with Inifinty OH & DH will be the best looking towers in the Marina IMO.

It is a very well designed tower thats for sure along with quite alot of other DAMAC towers.

And if anyone thinks this has not strated construction becasue of Infinity needs to look at DAMAC's Launch and construction start information. Even if there was no problem at Infinity i doubt this would have been having much work done.

I wonder what % they have sold so far?

At 16 Trillion dollars per penthouse, i'm not sure... it is reassuringly expensive but I'd have to sell Switzerland.

At 16 Trillion dollars per penthouse, i'm not sure... it is reassuringly expensive but I'd have to sell Switzerland.

Do you include Roger Federer in the deal?

I've heard Bill Gates has bought a studio here. :lol:

^^ so he can afford it?

Do you include Roger Federer in the deal?

Please stay on topic. This thread is for Damac Heights not LE REVE. :ohno:

Aren't Damac Heights signature penthouses more expensive than those in Le Reve?

^^^^look at this small penthouse in resale market


Property information:

Country: UAE
City: Dubai
Area: Dubai Marina
Specification: Damac Heights

Al Jabal Real Estate
APARTMENT FOR SALE
Type: Apartment
Sqft: 998 Sq./Ft.

Reference: AJ-DM-DH-28
WebID: 6607

Last Update: 09/12/2007

Price: AED 2,189,214

:lol::lol:


http://www.propertyfinder.ae/6607/

^^ AED 2.1m sounds like a bargain compared to

Dubai Marina, Aurora Marina Promenade, 1 B/R - 938 sq ft AED 2.8 million

currently advertised.

Totally freaky all this.

Can't stay like that.

thats way to cheap, something is not quite right.

anyone confirmed the price?, it is a bargain

The site is boarded up. The project board is up but they have yet to attach the render or tower's and contractor's details on it. There was a safety precautions notice so the piling contractor must have taken control over the site. From what I saw, I think Middle East Foundations got the job.

great to hear that Altin :cheers:

:banana: :banana: :banana: :banana: :banana: :banana: :banana: :banana: Finally

As at 5th April - all posters on the boards now removed so looks like we're now going to see some action. :banana:

http://i30.tinypic.com/o9iele.jpg

http://i26.tinypic.com/amawr7.jpg

http://i26.tinypic.com/2jfhfva.jpg

i have been to the site yesterday, was very busy.

i couldnt take any pics.

But yes alot of activity :)


Intresting who will get the contract to build this tower.:)

Most likely Arabtec is the only one here who can do this :)

All the activity (except for billboards) is for Infinity, not Damac Heights.

But i have seen vehicles going in and out.

Are they using this as a passage to reach infinity site ?

Yes, and using the plot to store their equipment, deposit excavated sand, etc.

The guys doing infinity tower have probably been told to piss off since they've left the site. That means work might start on this soon enough.

http://i26.tinypic.com/2wd3ua9.jpg

Wouldnt it make more sense to do their foundations together?

^^ If the plots belonged to the same owner and project, then yes. But since it isn't the case, then obviously ... No.

Damac in deal with Zetas ATS


Damac Properties has appointed Zetas ATS Foundation Technology as the enabling works contractor for its Damac Heights project, located in Dubai Marina.

The enabling works will begin this month on the 98-storey residential tower with completion scheduled for June 2009. This brings the total value of the nine contracts awarded by Damac so far in 2008 to over Dh1.14 billion.

Speaking about the contract, Peter Riddoch, CEO of Damac Properties, said: "Delivery is the most important aspect of a real estate deal. The UAE's property boom has lead to a high demand and shortage of construction facilities. To overcome this challenge, Damac is employing extra resources to ensure our customers get their homes as quickly as possible.

"Work is in progress in all of our projects; this year alone we have awarded contracts for nine projects and we will be awarding more contracts in the near future."

Earlier this month, Damac announced its plans to deliver over 2300 units in 2008, followed by an additional 7100 units in 2009/10.

"Zetas has a reputation for delivering quality and efficiency and Aedas, our concept architects for this project, is a firm recognised worldwide for their creative building designs. Both our partners on this project have extensive experience and high credibility and we are confident that this expertise will assist us to deliver a unique, high-end project," Riddoch said.

A private sector company, Damac Holding has now grown into a global conglomerate with more than 7,000 employees in 18 countries.

[SIZE="6"] "Delivery is the most important aspect of a real estate deal. "

:banana:

Can we change the title...

and i doubt excavation will start before infinity is out of ground..

Interesting....i thought nothing could happen there until Infinity was at least above ground level.

Plot 16.07.2008

Pic from MisterMark :okay:

http://i35.tinypic.com/156y4vn.jpg

Interesting....i thought nothing could happen there until Infinity was at least above ground level.

I don't think that's true. Marina 101 and Sulafa tower were being worked on when they were both at ground level. Here though the infinity crew have a load of rebar on this site.

Look at all the strouts towards the infinity site. If they want to start shoring and excavation now, it will be VERY expensive because they have to include the forces coming from infinity through the strouts. I guess they have to wait for infinity being over ground level before they can start properly. Because then infinity can hold back the Marina from flooding it's basements on his own... :)

Hehe seems like Cayan didn't remove their stuff from the plot for Damac, they just did to create some space for their rebars :D

They just took down the big DAMAC sign board and demolished the small wall....Activity has started today on the DAMAC site next to Infinity.

Height of 460 meters???

No, height of sheer incompetence.

piling starts soon:)

:cheers1::cheers1::cheers1::cheers1::cheers1::cheers1::cheers1::righton::righton::righton:
:horse::horse::horse::nocrook::nocrook::rofl::rofl:
:carrot::pepper::pepper::soon::booze::dj::scouserd::bow::cucumber::applause:

Completition March 2009, as for an ad in Gulf News selling ... office space in the tower. :lol:

How much of the tower will be office space? With the trend of this and MST offices the marina will become business bay 2.

Piling? Don't they have to dig the hole first?