Name: B2B Tower
Floors: 19
Height: 120m
Use: Com
Completion: October 2008

http://i6.tinypic.com/13z3cdx.jpg

KM Properties unveils creekside B2B Tower
[Saturday, June 10, 2006 2:19:00 pm]


KM Properties, part of the Knowledge Management Group, has announced its latest creek-side high quality freehold office tower in the city’s upcoming district, Business Bay. The 19-storey B2B Tower will be completed in October 2008.

The striking blue-grey tower has been designed by leading international architect Carlos Ott, and is a contemporary fusion of glass and chrome. Ott has a track-record for designing landmark buildings, including L’Opera de la Bastille and National Bank of Dubai’s headquarters on Dubai Creek.

The construction will be carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group of Companies. The company was created in partnership with the Berlin-based firm Gustav Pegel & Sohn.

Pre-launch demand has already been significant, with a high-profile US-based multinational corporation already securing office space for its regional head office.
Multi-option, investor-tailored financing is being offered by KM Properties.

Thanks to the innovative curved design, the building offers varying views, which will look over Burj Dubai and Dubai’s downtown business district, which runs from the city’s arterial highway, Sheikh Zayed Road, alongside the new creek from Ras Al Khor.

B2B Tower will be equipped with technological innovations including security, office automation, satellite communications, and bespoke lighting systems.

now that"s hot! :D

R

Nice tower, some 50 to 60 floor ones would be better though ;)

nice little tower

added to emporis

Nothing wrong with 300ft towers. Plus they add to stats well.

nice one. great colour.. the name..well.

19 floors?? :(

nice looking tower though

http://www.tradearabia.com/source/2006-06/10/km.jpg

Sweet little "tower" :D

The name is surely a copyright breach of that Lebanese breakfast chain- B2B (aka Breakfast 2 Breakfast)..... I suppose the name will eventually be changed.

^^ Face, B2B means "Business To Business" and is a term refering to subscription based Internet portals, connecting businesses (companies) and allowing them to exchange data, information, goods and services.

For example, Tejari.com is a B2B platform.

^^ Face, B2B means "Business To Business" and is a term refering to subscription based Internet portals, connecting businesses (companies) and allowing them to exchange data, information, goods and services.

For example, Tejari.com is a B2B platform.

Altin, I do know that! I was just saying, that it may be a copyright infringement issue as the restaurant chain has the same name. :bash: :D

^^ no i dont think it will be an issue because b2b is a common term

http://www.km-properties.com/b2b/images/master_plan_layout.gif

http://img68.imageshack.us/img68/8307/b2b9ip.jpg

first of all... why is that small island highlighted as well?

secondly.. i dont trust KM properties... they look like another damac - keep on announcing projects with little or no results

well they are also part of a large group.

but that is a little bit pointless, don't u think...
well, they failed with Park Square, it was probably not their fault...
but the rest... it is not the only tower which hasn't started construction ;)

i guess the island is not highlighted but it just looks like that in the map, maybe a park.

and location is pretty good.

Two more towers for Business Bay
CONSTRUCTION UAE
16 Jun 2006

Two local real estate developers have announced plans to build towers at Business Bay being promoted by local developer Dubai Properties, part of Dubai Holding. KM Properties, part of the local Al-Rostamani Enterprises, will build a 19-storey tower known as the B2B tower. Completion is scheduled for October 2008. The local/German Al-Rostamani Pegel has been awarded the main construction contract. Uruguay’s Carlos Ott is the architect.

R

B2B TOWER INSPIRATION

http://img104.imageshack.us/img104/9936/b2btower9kr.jpg (http://imageshack.us)

A prime blue diamond tulip tints the heart of Business Bay in downtown Dubai.

A stupendous spray of long pointed leaves and inward silky-mauve curving petals rushes to greet the sky. Nineteen storeys of offices are embodied between unfolding ethereal blue glass petals, detached by transparent glass and a powerful silver pistil.

An extraordinary example of contemporary architecture prospers from a calyxlike podium with several splits. The sepals arise dynamically enclosing the bewildering promenade along the covered walkway that surrounds the retail area.

The structure, thus, is composed of a podium that contains a retail floor, two
parking levels and a technical floor; and nineteen flexible office storey that indulge tenants with breathtaking views. Highly efficient, with multiple corners
and possibilities, the office layouts are able to serve either multiple or single
tenants.

Superb innovation is accomplished with rigorous symmetry. The result is impressive and yet bears the delicacy of a flower. The iconic blue diamond tulip blossoms in the day colours of Dubai’s Business Bay, and glows, flaring like a potent bright flame during the nights.


http://img104.imageshack.us/img104/3770/b2bphoto41fk.jpg (http://imageshack.us) http://img154.imageshack.us/img154/3206/b2bphoto37fd.jpg (http://imageshack.us) http://img98.imageshack.us/img98/2494/b2bphoto22dw.jpg (http://imageshack.us)



PROJECT DETAILS

Area Introduction :Covering an area of 4 million square feet, the new initiative will feature facilities such as office and residential
towers set in landscaped gardens interspersed with a network for roads, pathways and fascinating canals. The ambience
will be designed to add to the magnificence of the project and provide a highly conducive environment
and infrastructure for business from around the world that wish to establish their local, regional and international
headquarters at Business Bay.


Location Strategy :The tower is strategically designed to accentuate the view of Business Bay Creek on the South side and the Burj
Dubai super-high rise tower on the North. An extensive podium design, with specialty design retail spaces featuring
luxury designer brands, will serve as the first point of approach.


Plot Area :48,798 Sq.Ft. , Total G.F.A : 195,190 Sq.Ft.


Floor and Units :Ground Floor +19 Floors.


Project Features :Luxurious Entrance leading to the lobby/reception desk at ground level, Retail and Restaurants on ground level
,three elevators,2 emergency staircases.

Tower Features :The tower offers the most enticing array of amenities, recreation and pleasure. The designs include a full curtain
wall. High Speed Internet, 24 Hours Security, High Speed Elevators, High-performance Intelligent Lighting Control
System, PA and Back round Music System, Standby Diesel Generator, Emergency Lighting.


http://img98.imageshack.us/img98/5884/locationmapbig2rs.jpg (http://imageshack.us)

http://img139.imageshack.us/img139/8172/floorplanmap5dl.gif (http://imageshack.us)


INVESTMENT OPPORTUNITIES

-Strategically located in the heart of new Dubai.

-Low risk investment.

-Investment open for all nationalities.

-Magnificent views of the skyline on Sheikh Zayed Road as well as the new creek area in Ras Al Khor which is surrounded by sea.

-Facing Burj Dubai Development: The Tallest, The Dubai Mall, Lake Hotel, Old Town & The Residence.

-B2B Tower resides in the heart of Dubai’s commercial district, situated at the beginning of Sheikh Zayed Road, between interchange 1 and 2, alongside the new creek from Ras Al Khor and extends all the way to Dubai’s Coast.

-Centrally located between Dubai International Airport (1O minutes) and the city’s prestigiuos shopping malls Ibn Battuta & Mall of the Emirates, which are within 5 to 1O minutes of reach.

-Close to Al-Khail Road, Opposite Safa Park & 5 minutes to Zabeel Park.

-Dubai Business Bay is aiming at establishing and maintaining Dubai’s status as the region’s leading business capital and will match New York’s Manhattan and Toyko’s Ginza business centers.

-Business Bay will furthermore, provide international businesses with a most favourable environment and infrastructure to set up operations as regional headquarters.

Now THAT looks a LOT better than gold :D

awesome,modern, business bay.

thanks for the renders EG.

ad from todays GN:

http://i7.tinypic.com/21e6vqp.jpg

R

I like the guaranteed delivery date part :)

^^ A bit foolish though. No one can guarantee delivery of towers in Dubai. Not even Sh. Mo himself!

hi all, The soil investigation for B2B tower is over and they have started the digging process soon. i will post some pic as soon as i collect them.
This is one of the reason they guarantee delivery. We can trust them for sure. KM Prop. have a good pipeline. there is a new tower EL MATATOR in jumerah west comin soon and 4-6 towers in Business Bay too.

The naming of Dubai's towers has to be the worst in the world! But hey, another world record eh! :sleepy:

hi all, The soil investigation for B2B tower is over and they have started the digging process soon. i will post some pic as soon as i collect them.
This is one of the reason they guarantee delivery. We can trust them for sure. KM Prop. have a good pipeline. there is a new tower EL MATATOR in jumerah west comin soon and 4-6 towers in Business Bay too.

B2B Tower is a small tower, and according to the history of Al-Rostamani Pegel, I dunt think that it is not possible for them to put a guaranttee. They never delayed any project. Any developer can guarantee the completion date after receving the land and signing the contract and getting the approval because the contracting compant itself gives a guarantee and a penalty payment if they didnt meet the completion date.

4-6 in BB.
they might have moved all their PS projects to BB.

anyway. welcome to the forum and thanks for your help.

it's the km properties hosted website but anyway

http://www.b2btowerdubai.com

KM Properties launches new scheme to ensure higher-than-market rates

KM Properties (KMP), the property arm of Dubai-based Knowledge Management Group (KMG), is backing up its confidence in B2B Tower as a 'landmark' in Dubai's Business Bay neighbourhood by offering real estate investors and potential B2B Tower tenants an unprecedented 59 per cent ROI when buying units.

http://www.ameinfo.com/images/news/7/26477-B2BTowerKMProperties.jpg
B2B Tower.

B2B Tower is KMP's latest high-tech, creek-side freehold development. It is earmarked for completion in October 2008.

A KMP spokesperson said, 'This is a remarkable offer given that currently 10-15 per cent is the average return rate for investors who build or buy properties for leasing in Dubai.

'This unique-to-KMP scheme ensures a high return on investment for owners who hold on to their B2B Tower investment for five years from the date of ownership.'

He explained that in current market conditions, the value of the monthly installment paid will be less than the current rent of the same floor space, thus generating higher returns in the longer term.

The 'striking' blue-grey B2B tower - determined by the fusion of contemporary glass and chrome materials - is designed by leading international architect, Carlos Ott. Ott has a solid track-record for designing landmark buildings, including L'Opera de la Bastille and National Bank of Dubai's headquarters on Dubai Creek.

Construction will be carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group of Companies, in partnership with the Berlin-based firm, Gustav Pegel & Sohn.

Other KMP developments include Park Lane Tower, the region's first mixed-use commercial-residential-retail tower in Dubai also situated in Business Bay, and El Matador, close to the Emirates - Al Khail road intersection, comprising more than 40 floors and offering loft accommodation.

http://www.gowealthy.com/realestate/uae/dubai/b2btower/index.asp

chubby :D

Any pictures?

^^ is the construction on?

http://www.b2btowerdubai.com/

:ohno: Seen the wesite. Nothing new. I wonder how can the B2B keep the promise of completion y Oct 2008 . Perhapes another misleading statement from the developer and the sales agents.:bash:

Any update on B2B? Anything even a picture, Imre, please.:cheers:

Year 2010 is realistic. I was at a KM Properties office yesterday and I found very big problems. :ohno:

^^ They are pretty disorganised. What problems did you uncover?

Year 2010 is realistic. I was at a KM Properties office yesterday and I found very big problems. :ohno:

What problems did you find....? you left the response incomplete and I am very much interested to know about KMP & its other projects.

^^ there may be cancellations of some projects although i have heard it happening only in jv

KMP are trying to "relaunch" this today with prices starting from AED3500 sq ft.

Apparently construction will commence in "two weeks"

Hmmmmm......:ohno:

no construction+increase in prices = what they are thinking for ....at complete date 10,000priceseqfeet

KMP are trying to "relaunch" this today with prices starting from AED3500 sq ft.

Apparently construction will commence in "two weeks"

Hmmmmm......:ohno:

I think they are relaunching it -if its true- and increasing the prices because 1. their initial calculations were wrong and they cannot cover their own costs and/or 2. they see what rate they can get today (see Launch BurjV, prices there were ridiculous as well) and they become greedy now 3. general shortages linked to price increases have forced them to do so -kind of point 1 again...

:^^ or (4) take the money and run. KM must have got a good laugh on the expense of all those investors who were promised for a prompt delivery in oct; 08. My concern is, that KM have not yet set up an escrow account and collecting the instalments. your point (1) may be irrelevant if the construction starting in two weeks. Summarising no escrow account and your point (1) do you not think (4) applies too.:bash:
I think they are relaunching it -if its true- and increasing the prices because 1. their initial calculations were wrong and they cannot cover their own costs and/or 2. they see what rate they can get . Ktoday (see Launch BurjV, prices there were ridiculous as well) and they become greedy now 3. general shortages linked to price increases have forced them to do so -kind of point 1 again...
http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/uae/dubai/business-bay/b2b-tower/price.html

I agree 100% with you salim ...They are relaunching of the relaunching .

Last week RERA (Dubai Land Department) told me that there is NO escrow account. I know that they have sold same office twice.

RERA TOLD ME: Do not give them money direct! Pay only to escrow account. :badnews:

You should all inform RERA if you have paid something direct to them already.

RERA:

When buying "off-the-plan" only pay into a RERA approved trust account. The cheque and receipt must read in the name of the project. If you pay your monies into the developer, agent, or any other account, the person or company you are dealing with is breaking the law. Have you paid direct to KM Properties?

http://rpdubai.ae/rpdubai/jsp/template.jsp?pageID=40004&&lang=0

^^I have paid KM properties directly, so far, 40% of the purchase price and still chasing the purchase contract which they keep promising to be sent off to me by the "weakend" (now two months gone into this promise).
I suppose I must contact the RERA if KM Properties are breaking the law they should be accountable for it, don't you think so?

I suppose I must contact the RERA if KM Properties are breaking the law they should be accountable for it, don't you think so?

As soon as possible.

http://i33.tinypic.com/6zox6x.jpg
Just a site board, thats all

http://i33.tinypic.com/6zox6x.jpg
Just a site board, thats all

Not so long ago these guys were taking out full pages in Gulf News telling readers how much they had made for investors in their projects -

What load of B*ll***s ! -

I almost bought lucky miss !

http://i33.tinypic.com/6zox6x.jpg
Just a site board, thats all
^^And A CARROT.

Km managed to grow the trees on site in 2.6 yrs great progress :lol:

B2B progress pic from sale

http://i35.tinypic.com/24mhzxg.jpg

even there is no ready road ! lol

"KM Properties, part of the Knowledge Management Group, has announced its latest creek-side high quality freehold office tower in the city’s upcoming district, Business Bay. The 19-storey B2B Tower will be completed in October 2008."
^^
It should be ready now!

KM Properties :ohno:

This topic the first message.

http://i7.tinypic.com/21e6vqp.jpg

Guaranteed delivery date... Yeah right!!! :mad2:

Heigth: 120m !

Please edit title sale

http://www.emporis.com/en/wm/bu/?id=b2btower-dubai-unitedarabemirates

http://i39.tinypic.com/2i7sens.jpg

^^
comforting to know the land still there, unless the pic taken on friday afternoon.
thanx 234sale.:cheers:

http://i7.tinypic.com/21e6vqp.jpg

Guaranteed delivery date... Yeah right!!! :mad2:

love the wording, love the picture:) these guys are obviously serious businesspeople who know what theyre doing!:lol:

So what about the guaranteed delivery date? Can they still make it? :lol::nuts::lol:

^^only if the KM Properties gaurantee to give me my contract for the unit I paid 70% of the purchse price for it, so far.
I complained to RERA but very disapponited with their attitude.
Then I engaged a lawyer in Dubai and paid in front but found them utter useless. ( I know I should have not paid in front).
Back to square one, KM now has changed my unit number as they appeared to have sold mine to some one else.
About three weeks ago I was promised for the thirteen time that the contract is in the post and guess what, it still has not arrived.
I do not how you guys got along with KM but certainly my experience has shown
me vey negative and darker side of KM professionalism.:bash:

Salim check my private message, please.

^^Now once again KM Properties have changed my unit number but no sign of contract. A dialama I can not resolved on my own. Be open about it.
Any practical help? A solid, concrete response and a complete suggestion will be appreciated. No offence meant.

http://i43.tinypic.com/1zg3tad.jpg

On hold, for real??? :hm:

On hold, for real??? :hm:

This project is so much late. :ohno:

How many % you have already paid?

http://i39.tinypic.com/2eefz47.jpg

I am waiting new law. If project is late they should pay some compensation. Project should be ready right now.

^^ any more progress. Some fresh photos will be much appreciated. Thanx

http://i41.tinypic.com/28lfms0.jpg

^^ thanx 234sale...

http://i44.tinypic.com/14bjluu.jpg

^^Thanx 234sale, incouraging pic. Moving forward.

^^Now once again KM Properties have changed my unit number but no sign of contract. A dialama I can not resolved on my own. Be open about it.
Any practical help? A solid, concrete response and a complete suggestion will be appreciated. No offence meant.

Man....! i believe, I'm experiencing the WORST with KM. It,s a nightmare to me. Hard to believe even.....signed the SPA after paying 70% !!!! the size, level, unit number & PRICE changed by then...... Management ?.....beyond any opinion !!!!!!!!!:bash:

Please include me in your further proceedings...

We should go to property court all together.

http://www.propertycommunity.com/forum/dubai-property/15707-k-m-properties-driving-me-crazy.html

There is not only ACI to do problem

http://i26.tinypic.com/2ibc194.jpg

please change to U/C ^^ :banana:

U/C.......without C/Workers.......?

Name: B2B Tower
Floors: 19
Height: 120m
Use: Com
Completion: October 2008

http://i6.tinypic.com/13z3cdx.jpg

KM Properties unveils creekside B2B Tower
[Saturday, June 10, 2006 2:19:00 pm]


KM Properties, part of the Knowledge Management Group, has announced its latest creek-side high quality freehold office tower in the city’s upcoming district, Business Bay. The 19-storey B2B Tower will be completed in October 2008.

The striking blue-grey tower has been designed by leading international architect Carlos Ott, and is a contemporary fusion of glass and chrome. Ott has a track-record for designing landmark buildings, including L’Opera de la Bastille and National Bank of Dubai’s headquarters on Dubai Creek.

The construction will be carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group of Companies. The company was created in partnership with the Berlin-based firm Gustav Pegel & Sohn.

Pre-launch demand has already been significant, with a high-profile US-based multinational corporation already securing office space for its regional head office.
Multi-option, investor-tailored financing is being offered by KM Properties.

Thanks to the innovative curved design, the building offers varying views, which will look over Burj Dubai and Dubai’s downtown business district, which runs from the city’s arterial highway, Sheikh Zayed Road, alongside the new creek from Ras Al Khor.

B2B Tower will be equipped with technological innovations including security, office automation, satellite communications, and bespoke lighting systems.

now that"s hot! :D

R

You can check the progress of work in this link
http://picasaweb.google.com/Alrostamani.pegel/P048B2BTower#
The album is being updated every month by the Main Contractor [Al Rostamani Pegel]

U/C.......without C/Workers.......?

maybe its an free day or something else?
but progress clearly visible, piling done since long time ago, i would put it to U/C. :)

http://i34.tinypic.com/54d7o5.jpg
http://i37.tinypic.com/15efh41.jpg

Dubai: The new free legal service to support people embroiled in real estate-related court cases has emerged as a fair way to protect the interests of Dubai's real estate community.
"The objective of this initiative is not merely to meet a need but to ensure fairness and justice is available to anyone who might have a concern involving property, no matter what the circumstances are," Mohammad Sultan Thani, assistant director general of the Land Department, told Gulf News.
The free legal advice now means no one is prevented from pursuing their rights merely because of the possibility they might be priced out of the system.

http://gulfnews.com/business/property/free-legal-service-boosts-dubai-realty-community-1.522538

http://www.arabianbusiness.com/572278-dubai-property-dispute-victims-to-get-free-legal-advice

:nuts::nuts:very quite this thread has become. Is it progressing?

Saw the site yesterday.
I doubt its working. Specially the only tower crane was not working while i was there

Saw the site yesterday.
I doubt its working. Specially the only tower crane was not working while i was there

^^Has any investor got any thoughts on the delay of the project or heard from the developer.:bash:
I certainly have not received any communication at all.:bash:

I think we have to contact lawyer. I have already been in RERA and they said that we can cancel our contract because of the delay. KM Properties promised that the building is ready on the first half of 2009. Talking with KM Properties is waste of time.

I think we have to contact lawyer. I have already been in RERA and they said that we can cancel our contract because of the delay. KM Properties promised that the building is ready on the first half of 2009. Talking with KM Properties is waste of time.



Please include me if all of you proceed to lawyer.........:hammer::hammer::hammer:

Please include me if all of you proceed to lawyer.........:hammer::hammer::hammer:

^^A separate safe and secure forum need to set up with all the investors on board. Someone has to lead us to agree to an action plan and then invite a legal firm to represent us.
A debate among all the investors is required instantly in order to reach to a common goal with which we can proceed amicably.
Among other things contribution towards the legal fees and indentifying the Dubai based investors needs to be discussed, which will lead to an action committee, etc etc.
Lets start discussion on a positive note in a secure forum (admin needed)...

http://i46.tinypic.com/1036c20.jpg

Hello All,
I have been visiting b2b tower site, the work is progressing indeed but I guess it is extremely slow!!
Count me in for any action you are taking. please contact me on the email in my profile.
PS. I will put some picture as soon as I know how : )

Hello All,
I have been visiting b2b tower site, the work is progressing indeed but I guess it is extremely slow!!
Count me in for any action you are taking. please contact me on the email in my profile.
PS. I will put some picture as soon as I know how : )


Thanks for your assurance. waiting to see some pictures with ACTUAL activities. Try to call the CRM of KM prop ( Mr.Mangesh +971504544059 )..... or the CEO ( Mr.Sunjeet Joher +971506562667). Get some AUTHENTIC ( :nuts: ) info,s related to B2B.... let us know your experience.....Lets get UNITED ....... thanks in advance for your efforts....:)

Thanks for your assurance. waiting to see some pictures with ACTUAL activities. Try to call the CRM of KM prop ( Mr.Mangesh +971504544059 )..... or the CEO ( Mr.Sunjeet Joher +971506562667). Get some AUTHENTIC ( :nuts: ) info,s related to B2B.... let us know your experience.....Lets get UNITED ....... thanks in advance for your efforts....:)

REPLY:

I had called mangesh yesterday, but did not answer as usual! then I contacted Sara falcon who assured me that the project is going on schedule!! (sure)!
I don't know if you have this B2b development plan that is approved by Rera that was faxed to me.

- September 2009: B1 basement
- December 2009: Ground floor
- March 2010: 4th floor
- September 2010: 11th floor
- November 2010: completion

So far, I think they are already late by a month or two according to this plan. (not mentioning the 2008 guaranteed delivery)

Some information: I do have the new contract, with modified office size. And unfortunately I have already paid 80% according to the old payment schedule (30% cash and 50% from amlak).

Better put B2B........ "ON HOLD"..........instead of U/C.

This law would impose financial penalties on developers who delivered properties late and also give investors a refund or replacement if the delivered property was defective.

It would also outline grounds for cancellation of the contract by the investor - for example, the refusal of the developer to link purchase payments to construction milestones or if the developer makes material changes to the specifications of the property.

Dale told 7DAYS this law was a priority for the Land Department and Real Estate Regulatory Authority (RERA).

“We’ve had Law No. 13 which enabled the developer to terminate and then Law No. 9 which clarified what the developer was entitled to if he did terminate. “And on the other side of the coin you’ve obviously got purchasers and clarity on their rights to terminate if there’s a problem with the developer, and that issue is particularly important for them I think,” she said.

http://www.7days.ae/storydetails.php?id=89652&title=New%20laws%20to%20help%20investors

New law to offer investors protection

New rules will cover grounds for cancellation, such as a developer’s refusal to link payments to construction milestones.

http://www.business24-7.ae/Articles/2010/1/Pages/24012010/01252010_7c4b5d4708cd466b9fe2960e601edee7.aspx

New real estate laws being considered for Dubai will give investors grounds to cancel their contracts if they fall victim to failing developers, it was reported on Monday.

http://www.arabianbusiness.com/579796-cancellation-clause-in-new-dubai-real-estate-law

New law to offer investors protection

New rules will cover grounds for cancellation, such as a developer’s refusal to link payments to construction milestones.

http://www.business24-7.ae/Articles/2010/1/Pages/24012010/01252010_7c4b5d4708cd466b9fe2960e601edee7.aspx



After almost half a year....... once again received "Payment reminder" from K.M.Properties for B2B. I already paid 90% which started from 2006 ! As per revised unit size, price & SPA there are 5% payment due on 1st March'2010. The rest & final 5% upon completion. :wallbash:

So far it,s clear that, this project is nowhere near to it,s original promise. :hammer:

what would you DO...........if you fall in this situation ?........ Please give your opinions. :okay:

Don't pay , but go to a lawyer .

They want 95 % payment for this??

Must be a joke:)

Don't pay , but go to a lawyer .

@ Cayman 1..................this payment plan was accepted & written in SPA. What,s the benefit to go to any lawyer as alone ? what will happen of my 90% which i already paid ?..........Loose my 90% confidence on K.M.Properties....I'm in a big dilemma..............:nuts:




They want 95 % payment for this??

Must be a joke:)

@Imre.........this is the joke of the decade...... but how to protect this sort of jokers when they keep joking with many of us .............:banned:

The payment must linked to construction progress , i have another tower but final contract is linked to constr. No progress no $. Phone at lawyer is better.

Why project is stopped ?

“We also advise them to group together with other investors; then they can have more leverage and the developer loses the argument that they’re a delinquent investor and everyone else is paying. They become a more noticeable force.”

http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100130/PERSONALFINANCE/701299879&SearchID=73382316494715

http://i49.tinypic.com/ofrpmv.jpg

Hi 234Sale ! Thanks for your effort.

Seems something is going on this B2B site ! Anyone knows the fate of this project ? any speculation / information ?...........mind to share ?

Something needs to be done by RERA....... for the people who invested all there money in this country, in Projects which are on hold or stopped since a long time without any official involvement...............:puke:

Another rubbish:

Business Bay to be new business capital of Dubai

KM properties CEO believes this is the new place to be

By Aya Lowe, Staff Reporter
Published: 00:00 March 19, 2010

Dubai : With buildings due to be completed and handed over in the next two years, Business Bay is set to be Dubai's new business hub, according to Sanjeet Joher, group chief executive officer of KM Properties.

"Once Business Bay is done, you'll have the global focus changing towards that area. Business Bay is a prime epicentre for Dubai. All the tourist centres, businesses and authorities are focusing on Business Bay," Joher told Gulf News.

Business Bay is a 5.85 million square metre development featuring a mixture of office and residential towers. The freehold development located next to Shaikh Zayed road and Downtown Burj Khalifa area, aims to be the region's business capital once complete.

The infrastructure, prices and lack of taxes are some of the incentives that will attract new businesses to setting up shop in the area. According to Joher, the natural shift of Dubai's centre will occur as established commercial areas become full.

Relocation

"We see a trend that everyone working in the Deira, Bur Dubai area will be looking to relocate to Business Bay in the future as the area becomes over saturated. There's already a huge demand for Business Bay," says Joher.

KM Property currently has three buildings under construction in Business Bay, Tamani Hotel at Park Lane Office Tower, B2B Office Tower and Tamani Arts Offices all at various stages of construction.

The buildings are set to be completed in the next year and a half to two years to coincide with the completion of infrastructure in the Business Bay development.

"The infrastructure in Business Bay is being built in phases. The chillers, electricity, water, etc will fall in place and be finished at the same time as the handing of our projects. We are working closely with infrastructure authorities, RERA and the Land Department to ensure our clients get the product at the right time with all the facilities," says Joher.

http://gulfnews.com/business/property/business-bay-to-be-new-business-capital-of-dubai-1.599898

March 19, 2010....:gossip:


KM properties CEO believes................:lol::lol::lol:


Business Bay will be completed and handed over in the next two years.......

according to Sanjeet Joher, group chief executive officer of KM Properties.
:booze:

Maybe he has never been there :)

Why project is stopped ?
Still workers on site, just very slow

For the latest update from B2B tower
Click Here (http://www.skyscraperlist.com/forum/showthread.php?181)
^^

Hi 234sale...........:hi:

2 weeks passed........Is there any movement / activity in B2B..... ?

Click Here (http://www.skyscraperlist.com/forum/showthread.php?181)

They are doing it, just very slowly.

They are doing it, just very slowly.



Can anyone update how SLOW this B2B after 35 days..........?:ohno:

Guys !

Please check the below link and help to put our FRUSTRATION as much as you can..................:cheers:


http://www.emirates247.com/property/real-estate/frustrated-property-investors-using-blogs-to-vent-their-anger-2010-07-28-1.271874#add-comment

http://gulfnews.com/business/property/uae/cancellation-of-sale-agreements-not-a-level-playing-field-yet-1.657873

http://www.emirates247.com/property/real-estate/challenge-force-majeure-in-civil-courts-experts-2010-08-09-1.276716



Property buyers will have to file a civil case to seek judicial remedy, unlike the earlier system of approaching property courts, if a developer invokes the "force majeure" clause and refrains from paying compensation........:cheers:

Duplicate.

Hi 234sale..........

any news for this B2B ?

didn't call their office as they usually tell series of lies......:ohno:

can anyone upload the current site picture ? better to talk with evidence.

It's very slow, took an image yesterday..

It seems quite a lot of design in this one as the columns are not all straight. Some 1st floor will be done.

http://www.skyscraperlist.com/showthread.php?181-B2B-TOWER-19F-Com-m

http://gulfnews.com/uaessentials/ask-the-law/rights-and-compensation-1.678183

deleted.


Dear Admin,

It's BlueBath again. On 8th Dec'10, I received an warning letter related to KM GROUP management issues which i received by email.

On 9th Dec'10 I got another correction & denial email from KM GROUP through different email ID.

After receiving such contradictory emails from the higher management of KM GROUP, I immediately deleted this warning letter to avoid further confusion. I'm ready to pass both the emails for your consideration ( if needed ).

Sorry for any inconvenience caused by me. I have nothiing to do and no relation of that letter whatsoever.

deleted.

why was this post deleted ? the warning was true or not ?

why was this post deleted ? the warning was true or not ?





tamani@kmgroup.com emailed
"TERMINATION declaration on 08th December'10".

sales@tamanimarina.ae
emailed "DENIAL declaration on 09th December'10".

@ Cayman 1..................this payment plan was accepted & written in SPA. What,s the benefit to go to any lawyer as alone ? what will happen of my 90% which i already paid ?..........Loose my 90% confidence on K.M.Properties....I'm in a big dilemma..............:nuts:






@Imre.........this is the joke of the decade...... but how to protect this sort of jokers when they keep joking with many of us .............:banned:
Bluebath where is your situation ?

http://www.emirates247.com/property/real-estate/definition-of-completion-date-often-ambiguous-property-lawyer-2011-04-03-1.376399

31/03/2011

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

http://gulfnews.com/business/ludmila-yamalova-waiting-for-investor-protection-law-1.790409

15/July/2011

B2B Tower



http://i51.tinypic.com/35a7hx4.jpg

http://i56.tinypic.com/2hpkok2.jpg

hhmmm.. seems progressing.. maybe another two years or three?

http://www.rpdubai.com/rpdubai/SharedFolder/ProgressIndicator/19_369.jpg

21-Jan-12

http://img20.imageshack.us/img20/9067/dsc0203rx.jpg (http://img20.imageshack.us/i/dsc0203rx.jpg/)

http://img812.imageshack.us/img812/3033/dsc0206q.jpg (http://img812.imageshack.us/i/dsc0206q.jpg/)

UPDATE 28.04.12

http://i257.photobucket.com/albums/hh210/miusuario/Business%20Bay%20-%20April%202012/IMG_1221_renamed_24935.jpg

Property investors in Dubai can seek refund and damages
Draft Investor Protection Law released for feedback from public.

Published Thursday, June 21, 2012


http://www.emirates247.com/property/property-investors-in-dubai-can-seek-refund-and-damages-2012-06-21-1.463886

Property investors in Dubai can seek refund and damages
Draft Investor Protection Law released for feedback from public.

Published Thursday, June 21, 2012


http://www.emirates247.com/property/property-investors-in-dubai-can-seek-refund-and-damages-2012-06-21-1.463886


I am waiting the new law.

So what happens now to this tower when investors seek refund? Any idea?

UPDATE 06.10.12

http://i257.photobucket.com/albums/hh210/miusuario/Business%20Bay%20061012/IMG_1575.jpg

http://i257.photobucket.com/albums/hh210/miusuario/Business%20Bay%20061012/IMG_1592.jpg

http://i257.photobucket.com/albums/hh210/miusuario/Business%20Bay%20061012/IMG_1593.jpg

http://i257.photobucket.com/albums/hh210/miusuario/Business%20Bay%20061012/IMG_1596.jpg

Thanks to "OmarPERU" for the updated picture of "B2B Tower @ Business Bay" !

In reality, It took half a decade to stand this SKELETON....... :ancient:

http://imageshack.us/photo/my-images/707/b2b1.jpg/

http://imageshack.us/photo/my-images/843/b2b2.jpg/


visited B2B Tower @ Business Bay at the end of January 2013. It's ON HOLD.... nothing going on at the site......:ohno: