^^ I said that earlier as well. ;)

Considering that ACC, Arabtec, ASCG are all occupied, I don't know who can do a great job on building that tower, maybe Habtoor Enginering???

Hi AltinD

I agree with above comments,I am sure Damac are still struggling for a main contract builder and have been for a very long time.The buyers as I said before were told the construction has started and this is clearly not the case.

No one in Damac will give you a straight answer when you ask 'who is the main contractor' this leaves you to draw your own conclusions there is none.

The other question would be how long do we have to wait for an answer before you have to take legal proceedings against them,this is worse than Chinese water torture the way they treat there clients.

The main thing I am concered about is if there are very few Company's who could take on a project of this magnitude and if all the major's have been taken where does this leave Damac,they might take a shortcut and get an unknown Company with no track record and let them loose on the build and ends up a complete disaster.If they go down this route it could be disasteress for there dwindiling reputation which seems to be getting worse by the day. :cheers:

I see at least two - three more months work on the foundations, so hopefully Damac is negotiating with contractors and by that time they would have chosen one.

I see at least two - three more months work on the foundations, so hopefully Damac is negotiating with contractors and by that time they would have chosen one.



Hi

I hope you are right with your predictions.

Hi

I hope you are right with your predictions, it has been a very long wait to get to this point, it is hard to believe they promote themselves all over Dubai as the leading developer with billboards scatterd everywhere and cannot seem to get anybody to the job for them.:ohno:

26/01/2007

Ocean Heights 1

http://img154.imageshack.us/img154/1155/photo067oo9.jpg (http://imageshack.us)

http://img154.imageshack.us/img154/8983/photo068te1.jpg (http://imageshack.us)

http://img154.imageshack.us/img154/2659/photo069wj9.jpg (http://imageshack.us)

http://img154.imageshack.us/img154/7914/photo070yy6.jpg (http://imageshack.us)

pure BS from damac

Thread opened in the world forums!!

[QUOTE=Imre;11482003]26/01/2007

Ocean Heights 1


Hi Imre

Are the diggers uncovering the tops of the pilings to start the construction work. :cheers:

Thread opened in the world forums!!

Hi Stephan

I might be missing something here where is the world forums :cheers:

^^First page!!! The 'Construction Updates' site!!

^^First page!!! The 'Construction Updates' site!!

Hi Stephan


I found it thanks. :cheers:

Hi Guys


Have any of you got any Pics or updates on the Ocean Heights piling and
shoring work being carried out at present. :cheers:

i found this pic, not sure if it's a new render or nothttp://img168.imageshack.us/img168/1989/ab9kd2.jpg (http://imageshack.us)

i found this pic, not sure if it's a new render or nothttp://img168.imageshack.us/img168/1989/ab9kd2.jpg (http://imageshack.us)

Hi Megatower

It is a render thanks anyway.

I was looking for an update on the shoring
and piling work that should be progressing at present I have not seen anything on site for quite a while now. :cheers:

^^ Come on Hanna. Nine days since the last update is not "quite a while" especially considering this is DAMAC and most importantly Ocean Height Tower, we are talking about. :D

^^ Come on Hanna. Nine days since the last update is not "quite a while" especially considering this is DAMAC and most importantly Ocean Height Tower, we are talking about. :D

Hi Altind

I agree Slight rush of blood to the head stupid me, it is Damac we are dealing with nothing happens fast with them there cowboys.
It is to early to ask Imre for a shot at the uncovered piling,I will give it another 6 months at least they should have at least shifted some more sand from the hole by then.:cheers:

Graceful tower!

Graceful tower!

Hi

It is a graceful tower pity it is getting to look like a white elephant.:cheers:

And just for Hanna, went down to the OH site today, progress is as follows;

Anchor drilling ongoing at about mid depth.
Excavation and pile breaking started.

These piles are the largest I have seen first hand. They must be 1,5metres diameter maybe even 1,8m

http://img258.imageshack.us/img258/6742/imgp0578mh8.jpg (http://imageshack.us)

http://img111.imageshack.us/img111/7782/imgp0579ke3.jpg (http://imageshack.us)

http://img128.imageshack.us/img128/7618/imgp0580ew9.jpg (http://imageshack.us)

Hi True Blue


Thanks for the updates and Pictures I realy appreciate your time and effort and first class observations.

The pilings I was told were the deepest in Dubai 50 meteres, maybe this explains the larger diameter's. The engineer on site told me bacause they changed the design of the building they had to add more pilings and this was the main reason for the massive delays encountered.Anyway it seems they are making some progress, the last update we recieved was when they were doing pile structural tests with some fancy meters last month.

great pics

16.02.2007

http://img222.imageshack.us/img222/8468/photo097lo0.jpg (http://imageshack.us)

http://img222.imageshack.us/img222/7540/photo098eq8.th.jpg (http://img222.imageshack.us/my.php?image=photo098eq8.jpg)http://img222.imageshack.us/img222/5594/photo099su9.th.jpg (http://img222.imageshack.us/my.php?image=photo099su9.jpg)

HI

How are you?

How are you?

Hi AltinD


Very good thank you :cheers:

great to hear.

^^ You Guys are in wrong thread Meet and Greet is somewhere else. :)

I hope we hear that a contractor has been appointed soon, can't wait to see this one start going up. Will be an amazing looking tower, not quite as good as Infinity IMO but a very, very close second.

If you exclude Marina 101, Princess Tower, 23 Marina and Elite Residence, yeah, I guess you could say that. ;)

none , i repeat none of the above will be in the league of infinity or OH.

none , i repeat none of the above will be in the league of infinity or OH.

As a potential owner of one of the apartments to be built above the biggest swimming pool in the marina, I'm pleased to see someone still has faith in the building!

Hi All

Anyone heard any rumours about who Ocean Heights main contractor is going to be yet !

Hi everyone, i see they have new pics on their website, but is it just a ploy to fool us all. Im seriously starting to lose patience with them now. Oh and i see they've released another project, what the hell are these people playing at.

Nice video on their website but they're saying OH is at Dubai Marina. Could have fooled me........ it's across a main road & at least 500 metres away. We'll be having JLT claiming to be at The Marina next !!! :ohno:

^^ Huh? Ocean heights IS in the marina.

There's a lot of towers between it and the water but it is "officially" in the Marina. But who knows... when the supertalls are being knocked down to build the new Emaar Virtual Homes development in 2050, Ocean Heights may have a brief clear view of the Marina shortly before its official opening.

Ocean Heights will be a great looking tower but not sure about the location.........perhaps I'm better off sticking to my Torch apartment on Palm Jemeriah :lol:

Hi everyone, i see they have new pics on their website, but is it just a ploy to fool us all. Im seriously starting to lose patience with them now. Oh and i see they've released another project, what the hell are these people playing at.

WOW! 2 posts from you to date and you already have warped view of Damac. I smell a Dubai Select rat!!!

Just look at the permanently scarred NAZ-UK's post that follows yours and he is another one of DS Chellas.

As it has been said many times by mostly sensible posters, OH should become a landmark site in years to come. I don't particularly care but I hope one day to marvel at its structure.

Thanks 4 that damaclover!!! I would love to be as optomistic as you are, but i have invested in 2 projects with them and so far it doesnt fill me with confidence. Just because i dont have lots of free time to be putting on pathetic posts for your entertainment doesnt mean u can make such silly statements. Ive got a lot to say and believe me damac investors wont be very happy, so keep your stupid opinions 2 yourself.

^^ Ouch.

Thanks 4 that damaclover!!! I would love to be as optomistic as you are, but i have invested in 2 projects with them and so far it doesnt fill me with confidence. Just because i dont have lots of free time to be putting on pathetic posts for your entertainment doesnt mean u can make such silly statements. Ive got a lot to say and believe me damac investors wont be very happy, so keep your stupid opinions 2 yourself.

Hi Moolibaba

Well said

As you may have seen in my past posts on Damac I am very angry about how they run their business or how not to run a business,they are hopeless and are getting away with it due to there mass adds they take out telling everyone how great they are but in reality they are in a mess.As far as that 'Clown Damaclover' is concerened please ignore his comments he is not worth it.I have had arguments in the past with him and finally decided not to reply to anything he posts,he has been quite for over a month now and may I tell you it has been pure bliss,I am sure he is connected with Damac he is the only one who has anything good to say about them.There are hundreds of people who post comments and he is the only one to say how good they are that tells me everything ! :cheers:

Another project lounched by DAMAC. A three tower complex for mid-income housing :nuts:

IMPZ?

Damac luxury ! now for a dream price; from 319.000 AED :)
Only on 8th March at Al Muroj Rotana.
.. and free Nokia N72:)

^^ Oh yeah, how could I forget the freebie thrown in :rofl:

from a jaguar to a cell phone? boy do I see a decline in damac's finances?

^^ You missed the part about "... prices start at 319,000 AED ..." ;)

here more info:

http://www.gowealthy.com/realestate/news/2086/detail.asp

https://www.zawya.com/Story.cfm/sidZAWYA20070131091730/SecIndustries/pagReal%20Estate/chnMiddle%20East%20Real%20Estate%20News/obj89DC184D-1A32-4DB7-A419FD63435B68DA/

That's because they splashed out on a gala evening in the UK, hence the reason giving out nokia 72.

These guys are A PYRAMID SCHEME!!! Run ... run ... run like hell and away from them!!!!!!!!!!

I wonder how their catering business is doing. I recently ordered a donut from one of their cafes. The guy behind the counter offered me a plasma TV if I upgraded to a cinnamon roll. Which was nice.

I wonder how their catering business is doing. I recently ordered a donut from one of their cafes. The guy behind the counter offered me a plasma TV if I upgraded to a cinnamon roll. Which was nice.

:lol: :lol:

I wonder how their catering business is doing. I recently ordered a donut from one of their cafes. The guy behind the counter offered me a plasma TV if I upgraded to a cinnamon roll. Which was nice.

Problem is that the Cinnamon Roll is launched but not yet baked so you can't have your Plasma Tv until delivery, so he probaly asked for a deposit and will contact you when ready

:lol: :lol:

^^ You forgot to mentioned that the Plasma TV is subject to dealer's availibility and delivery schedule.

did I miss another one of the amazing DSF promotions? :bash:

^^ Don't worry, the special promotions will be still on when you'll arrive ... if not the same, then a different even "better" one. :D

The money that Damac spend on promotion, advertising and marketing makes me wonder, where has the construction budget gone? :dunno:

Every 2 hours on the radio in Scotland, "Damac, Damac, Damac........:blahblah:

Try building your towers and not your egos. :mad2:

Thanks 4 that damaclover!!! I would love to be as optomistic as you are, but i have invested in 2 projects with them and so far it doesnt fill me with confidence. Just because i dont have lots of free time to be putting on pathetic posts for your entertainment doesnt mean u can make such silly statements. Ive got a lot to say and believe me damac investors wont be very happy, so keep your stupid opinions 2 yourself.

Sob Sob!!!:banana: :lol: :cheers:

Hi Moolibaba

Well said

As you may have seen in my past posts on Damac I am very angry about how they run their business or how not to run a business,they are hopeless and are getting away with it due to there mass adds they take out telling everyone how great they are but in reality they are in a mess.As far as that 'Clown Damaclover' is concerened please ignore his comments he is not worth it.I have had arguments in the past with him and finally decided not to reply to anything he posts,he has been quite for over a month now and may I tell you it has been pure bliss,I am sure he is connected with Damac he is the only one who has anything good to say about them.There are hundreds of people who post comments and he is the only one to say how good they are that tells me everything ! :cheers:

Hello Hanna - You are a fine one! I don't mind clowing but I mean sitting on your hands waiting for Damac to deliver in 2010. What a clown you arel? I suppose you were enticed by the Jag and private jet. What a muppet? Stop bleeting and except that you cocked up with your 'get rich quick' dream. I'm sure Naz will take them off you for a reasonable discount. Last time I checked he was after a Jag. :ohno:

These guys are A PYRAMID SCHEME!!! Run ... run ... run like hell and away from them!!!!!!!!!!

Unacceptable building delays, questionable promotions and marketing yes. But a 'pyramid scheme'? I suggest you look the term up. I'd think twice before posting that kind of thing - where I'm from it's called defamation and is taken rather seriously.

Marina Terrace & The Waves completed. Lake Terrace & Lake View in progress.

Don't let facts get in the way of your hysteria though.:nuts:

^^ I have no interest in Damac and I love their building's designs but I where I come from, pyramid schemes thrived for a couple of years, with the same tactics and then the country slipped in total chaos when they (eventually) collapsed with a couple of billions of people savings.

If you have to sell 50 towers to collect money for building just 6 you are a pyramid scheme.

And what's with their new slogan: "Redefining Trust" :bash:

If anyone's gona get sued for libel, its gona be Jan. NOT the ppl who post within his forum. But Damac are asking for every bit of defamation they get. They are currently the most unscrupulous operation in Dubai right now, with private accounts, no public records, no facts to back up their ominous figures, and all the rest. They're like a cheap, air-headed naive Hollywood star. You can't put yourself out like a cheap whore, and then complain about bad publicity. It comes with the decision you made. Damac should know that.

If anyone's gona get sued for libel, its gona be Jan. NOT the ppl who post within his forum. But Damac are asking for every bit of defamation they get. They are currently the most unscrupulous operation in Dubai right now, with private accounts, no public records, no facts to back up their ominous figures, and all the rest. They're like a cheap, air-headed naive Hollywood star. You can't put yourself out like a cheap whore, and then complain about bad publicity. It comes with the decision you made. Damac should know that.

Hi Naz

Well said,

I agree they are a bad lot, they are runing their business like a secret service accountable to no one.
I wonder if they will join the club as far as escrow accounts the new law was passed last week I have heard nothing about Damac joining,very much doublt if they will, this should tell people not invest in any of their projects.The first question I would ask now is your company going to hold my money in a escrow account if not run a 'mile'.:cheers:

But a 'pyramid scheme'? I suggest you look the term up.

:rofl:

Telling an Albanian to look up the term "pyramid scheme" Now I've heard EVERYTHING :lol: :lol:

^^ Exactly :D

Hanna,

Agents are welcoming the Escrow law. To be or not to be an escrow that is the question.

This will separate the cowboys from the real developers.

Hanna,

Agents are welcoming the Escrow law. To be or not to be an escrow that is the question.

This will separate the cowboys from the real developers.

Hi Nidoenator

You are right we will wait and see if Damac join the club there are no
signs they will,so this will be a real test of their so called marketing department


:cheers:

09.03.2007

http://img295.imageshack.us/img295/1786/photo073vq7.jpg (http://imageshack.us)

http://img143.imageshack.us/img143/869/photo074sp3.th.jpg (http://img143.imageshack.us/my.php?image=photo074sp3.jpg)http://img143.imageshack.us/img143/1687/photo075lx7.th.jpg (http://img143.imageshack.us/my.php?image=photo075lx7.jpg)http://img143.imageshack.us/img143/2128/photo076lp1.th.jpg (http://img143.imageshack.us/my.php?image=photo076lp1.jpg)http://img81.imageshack.us/img81/3880/photo077iz2.th.jpg (http://img81.imageshack.us/my.php?image=photo077iz2.jpg)

Hi Stephan23

Thanks for the picture update


Maybe 'True Blue' can shed some light on the progress they are at just now and a give us a rough guesstimate on how long to start the build phase from this point.:cheers:

^^ I'd say at least 12-18 months before you see ANYTHING above ground level and at least 3 years from then before completion and ready for delivery so I wouldn't expect anything from OH before 2011

^^ I'd say at least 12-18 months before you see ANYTHING above ground level and at least 3 years from then before completion and ready for delivery so I wouldn't expect anything from OH before 2011

Hi Krazy

I hope your calculations are way out on this one for the clients sake !

Have you any new pics of the site in its present state maybe 'Imre' can help out :cheers:

^^ Maybe the moved some more earth not gonna see much beyond that at this point in the last couple of weeks

^^ I'd say at least 12-18 months before you see ANYTHING above ground level and at least 3 years from then before completion and ready for delivery so I wouldn't expect anything from OH before 2011

Wow, that would be 7 years after announcing the project.

Perhaps I'm just be cynical but........ do you think some developers could be intentionally delaying projects so that some investors have to bail out, lose all their funds and hence developer keeps the payments made to date..... and as a double whammy developer can then re-sell the property all over again for much more than the original price ?? (It's the only conclusion I can come to here, and I don't just mean Damac).

^^ I don't think they have the foresight to act in this manner.

They take on ambitious projects without realising what they involve. They then try and cover up their ignorance by making false statements designed to appease the investors while they continue to stumble around the minefield of Grand Designs.

If anyone has watched the series Grand Designs you will know what I refer to. The developer is always the client who ends up twice over budget and just as late simply because they have no experience.

Sometimes I think these guys are comfortable with the fairytale ambitions they have and the statements they issue simply because they don't have a clue themselves.

^^ I don't think they have the foresight to act in this manner.

They take on ambitious projects without realising what they involve. They then try and cover up their ignorance by making false statements designed to appease the investors while they continue to stumble around the minefield of Grand Designs.

If anyone has watched the series Grand Designs you will know what I refer to. The developer is always the client who ends up twice over budget and just as late simply because they have no experience.

Sometimes I think these guys are comfortable with the fairytale ambitions they have and the statements they issue simply because they don't have a clue themselves.


Hi True Blue

At one point I was thinking along the same lines as Morrismarina that they were doing it on purpose this was months ago.Now I am thinking along those lines you explained, they just don,t have a clue what they are doing the Main Contractor was to be announced months ago,and you guessed it no main contractor on board and no sign of a main contractor coming anywhere near them, the message must be out in Dubai stay well clear of Damac or they may bring you down with them.This is the only explaination I can think of they have had plenty time to get the first stages done and they have purposely slowed the project down since January they could have swamped it with personal but reasons only known to them they stalled again.They put out letters stating the piling and shoring were complete in January which was a lie,the reason for this was the next payments were due in January and they used this ploy to get everyone to pay up.Another strange thing that has happened Ocean Heights 2 was supposed to be launched around Jan-Feb everything has went quiet with this project recently I wonder why. :cheers:

Ocean Heights 2 was supposed to be launched around Jan-Feb everything has went quiet with this project recently I wonder why. :cheers:

Perhaps Emaar are having concerns about them now as well.

Perhaps Emaar are having concerns about them now as well.

Hi Morrismarina

I know Emaar sold them the plot and Damac have lost the plot 'verbally speaking 'so how would they have concerns,have you heard any rumours !!!!!
I wish Emaar had some sort of hold on over them as regards contracts then they could snatch it back of them and take over the build themselves.I Have said from the start there is something not right about Damac and this project I am sure it will eventually be cancelled and all the monies paid back, if this happens wait for the domino effect all the past and present clients will run a mile from the burgeoning catering company that coudn't run a piss up in a brewery. :cheers:

Did anyone get their Jag from 'Dopey Car Tramp' yet ?

Hi Morrismarina

I know Emaar sold them the plot and Damac have lost the plot 'verbally speaking 'so how would they have concerns,have you heard any rumours !!!!!

No I haven't heard anything, just my thoughts, can't see that Emaar would want a prime plot like this empty for so long and doesn't seem to be anything happening there. They'd be aware of all the projects launched by Damac and perhaps they are having same thoughts as SSC forumers. (Pure speculation of course on my part).

No I haven't heard anything, just my thoughts, can't see that Emaar would want a prime plot like this empty for so long and doesn't seem to be anything happening there. They'd be aware of all the projects launched by Damac and perhaps they are having same thoughts as SSC forumers. (Pure speculation of course on my part).

Hi Morrismarina

I wish Emaar would have an open enquiry about all the weak reasons for all the Damac delays on Ocean Heights and try and get to the bottom of what really is the problem,all the past excuses are blatant smokescreens in my opinion.The rest of the buildings around Ocean Heights will all be finished, then they start or someone else starts with all there noise and pollution and dust for 3 or more years some more people pissed of with Damac and company
:cheers:

^^ Guys, forget about OH 2. Nothing will happen on that plot before Infinity reaches overground, and by the look of things, that is far far away. It's a pure technical/enginering matter.

^^ I'd forget about Ocean Heights thats not going to be above ground before Infinity is Above Ground.

Also OH2 not launched yet, by time it's launched and the standard years dealy before consruction i'd hope Infinity would be at ground level if not above it.

very in-pressed with the design

very in-pressed with the design

Hi

So was I very impressed when I bought in to it,but that is all it is at present a design nothing else :cheers: :cheers:

Hi

So was I very impressed when I bought in to it,but that is all it is at present a design nothing else :cheers: :cheers:

It's not just a design right now. You forgot about the "piling in progress" sign. :)

It's not just a design right now. You forgot about the "piling in progress" sign. :)



You are right silly me,and the same 6 men that are disguised as genuine workers who are really gardeners.They are told each day to move around a bit we don't know when the pesky clients are watching,some of them have even the cheek to take camera shot's of the site from their mates,what next they will be using google earth and the like.You can't get nothing by our nosey customers these days. :cheers:

P.S surely their is a law to stop men being used this way, walking about a pit full of sand year in year out for a few Rupes.Damac think we don't know what they are doing by stalling all the time,they have ran out of excuses now, the refunds to there clients are racking up {get in quick before they run out of your money}:cheers:

I notice Damac are moving into low rise projects. I guess they can't stomach high rise projects.

Regarding refunds Hanna, my sentiments exactly. I'm sure investors are demanding their money back. If you can pull out with out being stung then do so. It's better to be safe than sorry.

Extract from a piece in ArabianBusiness.com

Q. Damac received a fair amount of criticism last year over some late deliveries...

Marina Terrace was five and a half months late and the Waves were six months late. There were a number of reasons; affection plans came late from the master developers, the contractors, although working as fast as they could, struggled with their subcontractors, so yes, they were delivered late.

But in the case of all our projects, if we are late, customers get interest on their money. And in the case of Marina Terrace and the Waves, we also provided the customers with white goods in the form of washer dryers and dishwashers. That pain is eased, though, as they are sitting on capital appreciation that in some cases is 200% of their asking price, and those who bought into Marina Terrace early are showing a rental yield in excess of 20%.

But it doesn't excuse the fact that we were late and doesn't excuse the fact that our customers have every right to complain. And we have tried to address those issues; going forward we have boosted customer relations to answer queries, and added dramatically to our projects and engineering department to ensure we have every single resource available to work closely with contractors and consultants, to ensure delivery on time, and to the required quality standard.

Q. Is there a case for being more proactive rather than reactive to these issues?

In 2002, 2003 and early 2004 we were largely reactive. Today, I believe we are very proactive; we look to identify challenges well ahead of when they happen and come up with plans of how to deal with them. In Dubai, with the huge pressures contractors and consultants are under, it isn't easy to provide the resources. At the moment glass is a huge issue, which is understandable as everything needs glass.

Are you concerned that material and labour resource problems are going to become more of an issue?

I would say those contractors who won projects in 2002 and 2003 probably made much lower profits than anticipated because of the increased cost of basic materials. However, the margins contractors have enjoyed over the latter end of 2005, 2006 and into 2007 are such that, if they don't make money, they shouldn't be in business.

Extract from a piece in ArabianBusiness.com

Q. Damac received a fair amount of criticism last year over some late deliveries...

Marina Terrace was five and a half months late and the Waves were six months late. There were a number of reasons; affection plans came late from the master developers, the contractors, although working as fast as they could, struggled with their subcontractors, so yes, they were delivered late.

But in the case of all our projects, if we are late, customers get interest on their money. And in the case of Marina Terrace and the Waves, we also provided the customers with white goods in the form of washer dryers and dishwashers. That pain is eased, though, as they are sitting on capital appreciation that in some cases is 200% of their asking price, and those who bought into Marina Terrace early are showing a rental yield in excess of 20%.

But it doesn't excuse the fact that we were late and doesn't excuse the fact that our customers have every right to complain. And we have tried to address those issues; going forward we have boosted customer relations to answer queries, and added dramatically to our projects and engineering department to ensure we have every single resource available to work closely with contractors and consultants, to ensure delivery on time, and to the required quality standard.

Q. Is there a case for being more proactive rather than reactive to these issues?

In 2002, 2003 and early 2004 we were largely reactive. Today, I believe we are very proactive; we look to identify challenges well ahead of when they happen and come up with plans of how to deal with them. In Dubai, with the huge pressures contractors and consultants are under, it isn't easy to provide the resources. At the moment glass is a huge issue, which is understandable as everything needs glass.

Are you concerned that material and labour resource problems are going to become more of an issue?

I would say those contractors who won projects in 2002 and 2003 probably made much lower profits than anticipated because of the increased cost of basic materials. However, the margins contractors have enjoyed over the latter end of 2005, 2006 and into 2007 are such that, if they don't make money, they shouldn't be in business.



Hi True Blue

Do you have a shortcut address to this story please.:cheers:

^^ http://www.arabianbusiness.com/index.php?option=com_content&view=article&id=9907:damac-shields-delivery-jibes-and-looks-to-proactive-future&Itemid=1

^^ http://www.arabianbusiness.com/index.php?option=com_content&view=article&id=9907:damac-shields-delivery-jibes-and-looks-to-proactive-future&Itemid=1



Hi True Blue


Thanks for that very interesting article :cheers:


Damac to build Dh1b development
Staff Report



Dubai: Damac Properties said it will develop a Dh1 billion cluster of eight Chicago-style buildings in Dubailand called Lincoln Park.

"We are delighted to unveil yet another masterpiece for the discerning community in the Middle East and worldwide," said Hussain Sajwani, chairman of Damac Holding.

The buildings will have ornamented front entrances, flat roofs with parapet walls and roof terraces. The project will also have gymnasiums, swimming pools and retail shops.


Another launch I saw today in Gulfnews when will they ever get round to build the one's they launched in 2004 they are unbelievable this lot the really are:

Hi All


Does anyone have any new pics of the sand pit in Ocean Heights,just checking
in case they are all away on gardening duties again :cheers:

Hi All


I wonder when this project will start it has grinded to halt they must be
doing this in purpose.they said full construction work had commenced at
the beginning of the year,this was a 'big con' the payments were due and
they told everyone that to get them to pay the next installment, now that
they have paid work stops again 'strange things are going on at Damac'
they don't want to touch this building for some reason,it is their flagship
and their most costliest building to date I just hope for the clients sake it
is not another lighthouse in the making because once this goes all the rest
of Damac projects goes along with it.Of course I could be wrong but if any
people know what is happening with this project I would be more than pleased
to know. :cheers:

From the last update a month ago they seem to be just over 3 months behind the torch. I'd like to see a new update to compare again.

From the last update a month ago they seem to be just over 3 months behind the torch. I'd like to see a new update to compare again.

Hi Malec

Yes I think it would be a good idea to compare again, to little is known about
this project at present, they are to busy launching low rise buildings and ignoring
there biggest project to date for some reason it makes no sence :cheers:

Hanna

Why on earth don't you try to get your money back from DAMAC? You're obviously worried sick about this project and it's not worth what you're putting yourself through. Pull out! Infinity was 6 month's behind even before the marina wall was breached. All projects in Dubai come in late. You have to accept that and stop stressing. Ocean Heights will come in very late. If you can't cope with the stress, get your money back and invest elsewhere.

Hanna

Why on earth don't you try to get your money back from DAMAC? You're obviously worried sick about this project and it's not worth what you're putting yourself through. Pull out! Infinity was 6 month's behind even before the marina wall was breached. All projects in Dubai come in late. You have to accept that and stop stressing. Ocean Heights will come in very late. If you can't cope with the stress, get your money back and invest elsewhere.

Hi Lovedubai

Thanks for the advise would you like to buy into the White Elephant 'its yours'
do you not think I have tried to get rid of it without a massive loss, the word
is out on the street about Damac and there troubles.
Ocean Heights was announced way back in 2003 I think 4 years is a bit over the top don't you think, when I bought in 2005 Damac were on a crest of a wave, little did I know it was a tsunami.
As for stress I don't know the meaning of the word !
I have nearly given up hope with Damac,all I asked if any one heard or seen any progress in the basement that is all.:cheers:

P.S

At least we know you are not employed with Damac and your advise is impartial.:cheers:

Has a contractor been appointed to build it yet ??

Has a contractor been appointed to build it yet ??

Hi Morrismarina

No is the answer to that one, they were supposed to have one picked by
Jan 2007 by the looks of it they still won't have one by Jan 2008 I don't
think this is the problem they have had years to get someone and haven't
done so the question is why are they doing this, they have tried every trick
in the book to make excuses for the delays and the only paper who tried to
find out about them was the Khaleej Times, but that paper was bought over
by the government and the stories dried up they haven't printed one story
since about Damac.So they are been left to do there own thing as far as
there clients are concerned,all I can think off there new Velvet service they
announced last year should be changed to the 'oven glove service' because
the phone will be burning hot with complaints to there so called Customer relation Department. :cheers:

Well if no contractor has been appointed Ocean heights is definitely going nowhere. I feel really sorry for everybody who has invested here, it's a bloody disgrace. :ohno:

Well if no contractor has been appointed Ocean heights is definitely going nowhere. I feel really sorry for everybody who has invested here, it's a bloody disgrace. :ohno:

Hi Morrismarina

Thanks for your comment, it is a pity most of Damac clients past and present
cannot see these posts,if they did they may have acted differently when the
signed on the dotted line with Damac's super sales people who will tell you anything to get a sale.They are getting away with near murder over there
no one is writing anything derogatry about them because they have a tendance to Quote libel laws against you and threaten to take you to court as they did with the Khaleej Times so everyone backs away from them.So they carry on exploding every clients dreams with there botched projects and massive delays which they cannot explain,you can only hide behind all of Dubai is having delays for so long, 4-5 years on Ocean Heights is taking the piss in anyone's language.There are court cases going at present with clients trying to get there money back with interest Damac are refusing to pay the clients this money.Don't forget as some other person posted earlier it would be in Damacs interest to give all the present clients there money back less commision then get new mugs on board at far higher prices,this is dangerous as there reputation might get damaged further if that was possible !

This might explain the deliberate delays with all the price rises in materials Dubai has had in the last couple of years they might have sold themselves short big time and cannot afford to build at the rate they had sold at.
They said the they sold there project at far higher prices to cover there costs if there was an increase in building materials now this looks very debateable.They have not got a clue about accounting there department was cleared out early last year and I mean cleared out top to bottom 'why' because they couldn't count' you could not make it up this lot are dealing with millions of Dirhams and couldn't run a tap.
I have said before I have a full folder on there mishaps and press cuttings and no one has posted a good word about them except that Damac plant the Damaclover,so that tells me everything about the Company totally hopeless and without one ounce of decency.:cheers:

That's why its wise to do your research before you buy. Rather than after.

That's why its wise to do your research before you buy. Rather than after.

Hi Naz


That is what I said, they were on a crest of a wave when I bought I tried to buy in there other developments and everything was sold out solid so what can you do wth all there hype and adds everywhere in Dubai,you think that they are honest and above board and the Sheik was watching their every move, how much more can one do ! :cheers:

I really sorry for you Hanna, back in 2003 there would have been little bad news around regarding Damac and the list of announced projects would be just a few compared with what they've proposed to date. I probably would have been sucked in myself if it were not for Dubai Select announcing the Torch and my research and gut feelings leading me to go with DS at the end of the day.
Launching a project and four years later having no contractor on board and the thing going nowhere is unbelievable. DS gets some flack from some folks on SSC but compare OH with Bay Central where I've know all along that Zublin & DCE were signed up since launch last November. And Torch is steaming ahead now. Damac are fuckin' around with peoples lives something should be done about it by the Dubai government before it's too late and all the money's down the drain. I agree if they had a free and open press in Dubai they'd be exposed by now and it would at least stop any more people getting ripped off by this lot. The Dubai Gov't are going to have a lot to answer for when the shit hits the fan here.
How you thought of persuing legal action yourself ??

You guys confident that this will get of the ground or out of it? They dont have a main contractor and the pilling i supose is coming along however slow.

I cant see this falling through unless they are running a negative gear and spending more than they are bringing in. Any idea of what there financial state is in? Is the reason this is running slow because they dont have the resources or money to built it yet so they are looking for a way out through launching smaller projects in hope?

You guys confident that this will get of the ground or out of it? They dont have a main contractor and the pilling i supose is coming along however slow.

I cant see this falling through unless they are running a negative gear and spending more than they are bringing in. Any idea of what there financial state is in? Is the reason this is running slow because they dont have the resources or money to built it yet so they are looking for a way out through launching smaller projects in hope?

Hi Citystyle

The piling is a rouse to keep people in the loop to pay there installments, look
what other developers have done once piling has been completed they go hell
for leather to get it built each month delays could mean extra costs and they don't want to go down that route,so they have deliberatly slowed down for a reason only known to them and they are telling you a pack of lies to keep you off there back something is far wrong with Damac mark my words.
As far as there accounts go they are private and nobody knows how they are funded it is there secret. Arabiatrends done an expose on them and it explained about this last November, this is the most recent Mag who dared run a story against them because it is produced in France and it was outwith Dubai jurisdiction.Damac use Libel lawyers very frequently and the papers have government control over all of them now so this is the reason no bad press is printed the newspapers they only print stories about new projects, prizes,awards and the like.
Another thing they have never applied for this new system of escrow accounts that is coming out with the new Condo law that should tell the clients everything if they fail to join up 1.They have no money to put in and 2.they would have to declare their secrets where they are financed from.
I think the Government knows what they are doing and have helped them out I don't know for sure but I am working on it, the Government are working on the new laws as I write they are trying to cover all angles so no developer crashes and gets Dubai a bad reputation,a lot of the banks and instituitions are waiting in the background for the new laws to be implemented then they can go in big time with there loans on a much larger scale once they know they are safe and can get there money back through the escrow accounts :cheers:

I really sorry for you Hanna, back in 2003 there would have been little bad news around regarding Damac and the list of announced projects would be just a few compared with what they've proposed to date. I probably would have been sucked in myself if it were not for Dubai Select announcing the Torch and my research and gut feelings leading me to go with DS at the end of the day.
Launching a project and four years later having no contractor on board and the thing going nowhere is unbelievable. DS gets some flack from some folks on SSC but compare OH with Bay Central where I've know all along that Zublin & DCE were signed up since launch last November. And Torch is steaming ahead now. Damac are fuckin' around with peoples lives something should be done about it by the Dubai government before it's too late and all the money's down the drain. I agree if they had a free and open press in Dubai they'd be exposed by now and it would at least stop any more people getting ripped off by this lot. The Dubai Gov't are going to have a lot to answer for when the shit hits the fan here.
How you thought of persuing legal action yourself ??

Hi Morrismarina

Thanks for your comments again

There are people going through the courts at present and it could add up to a
lot of money for lawyers and court charges,this is new in Dubai there has
been no precedent and no one is certain who will win in a Dubai court.
Damac's main man is an Arab and the court is using Arabic laws so who knows
what will happen,once i know which side wins then it will be a lot easier because
a precedent has been made and Damac will settle out of court
way before the case is heard.:cheers:

I wonder if anyone knows who actually owns Damac. I was told by a local that I know something about the owner, but not his name. Peter Riddoch is very obviously the public face of Damac, but the scary thing is that the really power behind this company is veiled in secret.

Thanks to the Internet, I'm sure today that if anyone Google's Damac they find the forum comments like ours and perhaps the archived Khaleej Times stories. In mid-2005 when I was deciding on where to buy I didn't like Damac's pushiness, their special offers that were somewhat incomprehensible and vague details. For example, Crescent tower in IMPZ was being pushed. Their brouchure advertized its wonderful location but had no map or other detail that one could actually figure out where it was.

Regarding the OH pit, I had a look a week or so ago. Basically the work going is a ruse. One or two poeple working (quietly on a pilecap), another moving around a bit on a small tractor. Even if it started up full-steam now, which it won't, I'd say it was at least 6 months behind the Torch.

The investors in OH should get together and mount a legal effort together.

I wonder if anyone knows who actually owns Damac. I was told by a local that I know something about the owner, but not his name. Peter Riddoch is very obviously the public face of Damac, but the scary thing is that the really power behind this company is veiled in secret.

Thanks to the Internet, I'm sure today that if anyone Google's Damac they find the forum comments like ours and perhaps the archived Khaleej Times stories. In mid-2005 when I was deciding on where to buy I didn't like Damac's pushiness, their special offers that were somewhat incomprehensible and vague details. For example, Crescent tower in IMPZ was being pushed. Their brouchure advertized its wonderful location but had no map or other detail that one could actually figure out where it was.

Regarding the OH pit, I had a look a week or so ago. Basically the work going is a ruse. One or two poeple working (quietly on a pilecap), another moving around a bit on a small tractor. Even if it started up full-steam now, which it won't, I'd say it was at least 6 months behind the Torch.

The investors in OH should get together and mount a legal effort together.

Hi GoDubai

I was told this is the man who owns and runs the Company'Mr. Hussain Sajwani, Chairman and Founder of DAMAC Holding' he sits behind the scenes and Peter Riddoch from Glasgow Scotland tries to run his false empire.

Thanks for confirming the work on the pit is a ruse I have said that from day one.

I was told when I bought it they would be finished in 2007 then they changed the contract to last quarter 2009 that was a massive delay and a big blow to people's dreams,was this story ran by the newspapers noway it was put to bed and never to rise again.No other Company in the World would get away with these delays but Damac does, people talk about Spain and Bulgaria and all the rest of them to watch out for shady deals but Dubai you hear nothing because there is no free press and they can do almost anything to you because there have been no legal precedent and no ground rules as yet.
The big problem I have found a lot of the clients do not know about sites like these this suits Damac with everyone isolated they can placate them all day long with more smoke and mirrors to there hearts content.

Some Damac managers read these posts I hope they are happy to be part of of a company like Damac and they look in the mirror each morning and are happy what they see. :cheers:

I only wish we could get everyone involved to put or case forword to the courts enmasse. I work out there could be about 800x2 =1600 people who lives are in limbo due to Damac, it needs a British newspaper to run a expose on them to get to the real causes of these forced delays.Then they would need to use their libel skills in the UK if they dared.The only answer would be to get a mailing list of all the clients name and addresses this would sort it for good,but getting these addesses is impossible it will be a closely guarded secret and if that got out there would be hell on.

Another thing most of the clients were tied into time based contracts not construction based ones this means Damac will have all there money in for the full building by the end of 2007 and done nothing that is what I call downright theft because everyone one will have paid in full and they will have to wait another 3 years to get any income or the use of there investment that is if the company is still solvent
which I have grave doubts about.

New escrow law to be issued click link : http://213.132.44.184/emiratestoday/

Thnx Hanna. Two agressive negative geared Developers have gone into liquidation in Australia recently and on know of a monster tower (300m)in my home city that well never got of the ground after piling.

I'm wondering, why is it that this tower in particular is so slow since it does look like work is picking up on some other damac projects. For example it looks like a good bit of work's being done on the park towers site but OH has been like this for god knows how long.
http://www.skyscrapercity.com/showthread.php?t=113085&page=6

Of course damac are screwing up big time in general but why this tower in particular?

HANNA AND EVERYONE ELSE WHO HAS BOUGHT IN OCEAN HEIGHTS.

I BOUGHT AN APARTMENT IN 2004 AND THERE WAS NO BAD ISSUES WITH DAMAC THEN. SO I WAS SUCKED IN BY DAMAC.

I HAVE BEEN READING THIS BLOG REGULARILY. AND RARELY DO I POST BUT NOW IS THE TIME TO REPLY.

DAMAC IS A JOKE, AND A BIG CON. IAM CLAIMING MY MONEY BACK I CANCELLED MY APARTMENT A MONTH AGO WHEN THEY STATED IT WILL TAKE 2009/10 TO BE COMPLETED. I BOUGHT THIS APRTMENT TO BE READY IN 2007. SO THEY ARE BREACH OF THE AGREEMENT.

JUST CANCEL YOUR APARTMENT STOP SENDING THE INSTALMENTS. SEND IN A LETTER OF CANCELLATION (A NOTICE) TO DAMAC. AND CLAIM YOUR REFUND. DONT CONTACT THE LONDON OFFICE THEY DONT HAVE A CLUE WHATS HAPPENING. YOU NEED TO GET IN CONTACT WITH DUBAI OFFICE.

WE NEED ALL THE BUYERS TO DO THIS IF THERE IS MORE OF US WE HAVE MORE CHANCE TO GET OUR MONEY BACK.

I'm wondering, why is it that this tower in particular is so slow since it does look like work is picking up on some other damac projects. For example it looks like a good bit of work's being done on the park towers site but OH has been like this for god knows how long.
http://www.skyscrapercity.com/showthread.php?t=113085&page=6

Of course damac are screwing up big time in general but why this tower in particular?

Hi Malec

I wish I new the reason as well the trouble is we have been told so many lies now you allways think the worse is going to happen and your money goes down the tubes with no redress.As i posted earlier we cannot get to all the people who bought into Ocean Heights therfore we are all divided and clueless to what is happening over there,you just have to look at Peter Riddoch and you know something is not right it confirms it when you talk to the ballon.
:cheers:

HANNA AND EVERYONE ELSE WHO HAS BOUGHT IN OCEAN HEIGHTS.

I BOUGHT AN APARTMENT IN 2004 AND THERE WAS NO BAD ISSUES WITH DAMAC THEN. SO I WAS SUCKED IN BY DAMAC.

I HAVE BEEN READING THIS BLOG REGULARILY. AND RARELY DO I POST BUT NOW IS THE TIME TO REPLY.

DAMAC IS A JOKE, AND A BIG CON. IAM CLAIMING MY MONEY BACK I CANCELLED MY APARTMENT A MONTH AGO WHEN THEY STATED IT WILL TAKE 2009/10 TO BE COMPLETED. I BOUGHT THIS APRTMENT TO BE READY IN 2007. SO THEY ARE BREACH OF THE AGREEMENT.

JUST CANCEL YOUR APARTMENT STOP SENDING THE INSTALMENTS. SEND IN A LETTER OF CANCELLATION (A NOTICE) TO DAMAC. AND CLAIM YOUR REFUND. DONT CONTACT THE LONDON OFFICE THEY DONT HAVE A CLUE WHATS HAPPENING. YOU NEED TO GET IN CONTACT WITH DUBAI OFFICE.

WE NEED ALL THE BUYERS TO DO THIS IF THERE IS MORE OF US WE HAVE MORE CHANCE TO GET OUR MONEY BACK.

Have you had a response from them ??

HANNA AND EVERYONE ELSE WHO HAS BOUGHT IN OCEAN HEIGHTS.

I BOUGHT AN APARTMENT IN 2004 AND THERE WAS NO BAD ISSUES WITH DAMAC THEN. SO I WAS SUCKED IN BY DAMAC.

I HAVE BEEN READING THIS BLOG REGULARILY. AND RARELY DO I POST BUT NOW IS THE TIME TO REPLY.

DAMAC IS A JOKE, AND A BIG CON. IAM CLAIMING MY MONEY BACK I CANCELLED MY APARTMENT A MONTH AGO WHEN THEY STATED IT WILL TAKE 2009/10 TO BE COMPLETED. I BOUGHT THIS APRTMENT TO BE READY IN 2007. SO THEY ARE BREACH OF THE AGREEMENT.

JUST CANCEL YOUR APARTMENT STOP SENDING THE INSTALMENTS. SEND IN A LETTER OF CANCELLATION (A NOTICE) TO DAMAC. AND CLAIM YOUR REFUND. DONT CONTACT THE LONDON OFFICE THEY DONT HAVE A CLUE WHATS HAPPENING. YOU NEED TO GET IN CONTACT WITH DUBAI OFFICE.

WE NEED ALL THE BUYERS TO DO THIS IF THERE IS MORE OF US WE HAVE MORE CHANCE TO GET OUR MONEY BACK.

Hi Asif

Thanks for the advise

It must tell people everything how imcompetant the Company is, all the sham offices will be the same throughout the UK they haven't any answers on anything you put to them they refer you back to the Dubai headquarters who I think they are just as bad.They don't want to say a word to you in case it does no meet with approval from the Snakeoil saleman Peter Riddoch it seems he would sack you on the spot for any minor altercation,and I am positive the owner and chairman Mr. Hussain Sajwani knows as little as possible on what is happening on the ground that will last for so long when he reads in the paper that Riddoch has been arrested for theft and broken promises he might wake up but by then it will be to late for him and the rest of us.
As I have stated before no Damac buyers look at this site and post and leave praise for the them that tells me everything.
I have experianced clients with Damac to bury there head's in the sand and hope all will come right in the end,I praise their courage if they see this through to the end.:cheers:

Here is me thinking this was the Ocean Heights blog to what will I think of next.
Look if we had a building to talk about and take pictures of by god we would be more than happy to keep you informed of its progress with picture and regular updates and the like,but you see there is something is happening to this company that we would all like to discuss and by all the comments that is freeflowing everyone must be content.but as they used to say you allways get one maybe two !
Please send me details of the person that is forcing you to click onto 'Ocean Heights Blog' I am sure one of us can sort the scoundrel out for you.
When we reach our limit on webspace I am sure Malec or Krazy will tell us to go easy you have 19 trillion bits of space left go easy ladies and gents.

You don't need to comment on the above I am sure you will to busy running through the pages of this site.

P.S
Now I have gone very easy on you remember that fact. :cheers:


I don't think people mind you discussing various issues about this tower, especially since this thread is probably the only place anywhere where you can do so, but it has to stay on topic. One of the reasons why the UAE section is the BEST source for info on dubai projects is because of the organisation involved and the threads have to stay on topic for it to work.
This thread is turning into a general damac discussion though and we have a thread for that. Also what you're talking about definitely doesn't just apply to OH so I'm going to move the last few posts to the damac gossip thread (http://www.skyscrapercity.com/showthread.php?t=357355&page=11).
Please post anything directly related to OH here.

HI EVERYONE

OK YES I HAVE HAD A RESPONSE THEY ARE STATING THAT MY REQUEST FOR A REFUND AND CANCELLATION OF APARTMENT HAS BEEN APPROVED. IF THAT MEANS ANYTHING.

SO NOW REALLY WAITING FOR MY REFUND TO COME THROUGH. I HAVE CONTACTED SOME BRITISH NEWSPAPERS TO TELL OF MY STORY. I WILL PUSH HARDER TO TELL THE PUBLIC OF DAMAC AND TO AVOID THEM. IF I DONT GET MY REFUND SOON.

ALL I CAN SAY IS DO YOUR RESEARCH BEFORE YOU BUY IN DUBAI. I HOPE YOU READ THIS BLOG ALSO

OK I KNOW OF SOME PEOPLE WHO HAVE GOT THEIR REFUND ON OCEAN HEIGHTS SO IF YOU HAVE BOUGHT IN TO THIS DISGRACE OF OCEAN HEIGHTS CLAIM YOUR REFUND NOW. THIS OCEAN HEIGHTS IS GOING NOWHERE.

HI EVERYONE

OK YES I HAVE HAD A RESPONSE THEY ARE STATING THAT MY REQUEST FOR A REFUND AND CANCELLATION OF APARTMENT HAS BEEN APPROVED. IF THAT MEANS ANYTHING.

SO NOW REALLY WAITING FOR MY REFUND TO COME THROUGH. I HAVE CONTACTED SOME BRITISH NEWSPAPERS TO TELL OF MY STORY. I WILL PUSH HARDER TO TELL THE PUBLIC OF DAMAC AND TO AVOID THEM. IF I DONT GET MY REFUND SOON.

ALL I CAN SAY IS DO YOUR RESEARCH BEFORE YOU BUY IN DUBAI. I HOPE YOU READ THIS BLOG ALSO

OK I KNOW OF SOME PEOPLE WHO HAVE GOT THEIR REFUND ON OCEAN HEIGHTS SO IF YOU HAVE BOUGHT IN TO THIS DISGRACE OF OCEAN HEIGHTS CLAIM YOUR REFUND NOW. THIS OCEAN HEIGHTS IS GOING NOWHERE.

Hi Asif

Thanks for the update I have to be brief

I wish you well I hope you get all your money back including all commissions
sorry I cannot say much more !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I like the Newspapers idea:cheers:

I don't think people mind you discussing various issues about this tower, especially since this thread is probably the only place anywhere where you can do so, but it has to stay on topic. One of the reasons why the UAE section is the BEST source for info on dubai projects is because of the organisation involved and the threads have to stay on topic for it to work.
This thread is turning into a general damac discussion though and we have a thread for that. Also what you're talking about definitely doesn't just apply to OH so I'm going to move the last few posts to the damac gossip thread (http://www.skyscrapercity.com/showthread.php?t=357355&page=11).
Please post anything directly related to OH here.

Hi malec

I said before Damac read this site you have flagged the gossip site I hope they move to this one.:cheers:

I've said it before Hanna - if Asifthedubaiman can do it, so can you. Get your money back and stop stressing like this.

I've said it before Hanna - if Asifthedubaiman can do it, so can you. Get your money back and stop stressing like this.


Hi Lovedubai


I have a different contract :cheers:

I have also been told to write a letter(by a client relations exec) to cancel my apt and claim my money back. Ive had enough with this project. Im not so sceptial as others, i think it will be built but i just cant put up with the stress and sleepless nights worrying about it. Ive paid 40% and i just cant afford another penny. But ive said it before we need to unite. I dont think damac are as dodgy as other companies which have run off with people's money. They have completed a couple of projects and a few more are past half way, ok its not perfect but it gives me some hope!!!I have invested in lake view and at least that is past half way. But Ocean heights is too far behind for me to wait any longer.

I have also been told to write a letter(by a client relations exec) to cancel my apt and claim my money back. Ive had enough with this project. Im not so sceptial as others, i think it will be built but i just cant put up with the stress and sleepless nights worrying about it. Ive paid 40% and i just cant afford another penny. But ive said it before we need to unite. I dont think damac are as dodgy as other companies which have run off with people's money. They have completed a couple of projects and a few more are past half way, ok its not perfect but it gives me some hope!!!I have invested in lake view and at least that is past half way. But Ocean heights is too far behind for me to wait any longer.

Hi moolibaba

I think you are right if you can get out it would be better another three years
of waiting is not good, of course it could be a lot longer if they decide to delay even further.The main contractor should be in place this week I heard,so I will wait to see if it is more lies.:cheers:

P.S

I totally agree we should unite but we don't have enough numbers to do that.

http://img.photobucket.com/albums/v663/Upandhi/Dubai%20Marina/img_4802.jpg
http://img.photobucket.com/albums/v663/Upandhi/Dubai%20Marina/img_4800.jpg
http://img.photobucket.com/albums/v663/Upandhi/Dubai%20Marina/img_4801.jpg
http://img.photobucket.com/albums/v663/Upandhi/Dubai%20Marina/img_4799.jpg

On one level nothing. Work is being done. It would appear that all the piles have been driven. The excavation pit is getting deeper. Why complain?

Well, only one machine and a hand full of workers, on the site of an 80+ story tower, almost as tall as the Empire State building. There is a lot wrong with these pictures.

All that is happening is that DAMAC is making it possible to credibly respond, the tower IS under construction? What in the world are they doing at DAMAC? Is it all a big scam? Are they short of funds? Are they just incompetent? Take your pick. It is probably a combination of all of the above.

Where is Gulf News, where is 7 Days, where is MEED (the Middle East Economic Digest), where are the leading London and New York dailies and tabloids? These guys publish DAMAC ads, press releases about new launches and cover the miracle of Dubai constuction. But what about news! Just wait till it all blows up and cast a pall over the whole Dubai property market.

(Photos taken 8 April 2007. By the way they tried to chase me off the site. I ignored them, snapped my pictures and left.)

I have an idea for any OH investors in Dubai. Go to the construction site, knock on the site office door, tell them you are investor and you want to know what the H--- is going on. Listen to their excuse, jot it down in a notepad and then call up Damac and ask what they are going to do about the problem. If within one month--and make sure you follow up a month later--nothing has changed, then take steps to cancel your contract immediately and call up the press in the meantime.

I thought all plots had a 'complete by' deadline? They must have a great excuse or lots of influence to be this late?!

On one level nothing. Work is being done. It would appear that all the piles have been driven. The excavation pit is getting deeper. Why complain?

Well, only one machine and a hand full of workers, on the site of an 80+ story tower, almost as tall as the Empire State building. There is a lot wrong with these pictures.

All that is happening is that DAMAC is making it possible to credibly respond, the tower IS under construction? What in the world are they doing at DAMAC? Is it all a big scam? Are they short of funds? Are they just incompetent? Take your pick. It is probably a combination of all of the above.

Where is Gulf News, where is 7 Days, where is MEED (the Middle East Economic Digest), where are the leading London and New York dailies and tabloids? These guys publish DAMAC ads, press releases about new launches and cover the miracle of Dubai constuction. But what about news! Just wait till it all blows up and cast a pall over the whole Dubai property market.

(Photos taken 8 April 2007. By the way they tried to chase me off the site. I ignored them, snapped my pictures and left.)[/QUOTE]


Hi GoDubai

Good work with the story and Pics,why on earth would they chase you off the site that's what I would like to know.I went to the site last October and the APCC rep could not have been nicer he explained all the delays as he poured me another frozen juice,he said they had to do more piling because of the changes made to the design,the first Ocean Heights was a Square building if everyone remembers so they were doing a lot of work at the ground level.I left Dubai in October in a more confident mood once again,then in January when everything was promised about announcing a new contractor and the building would be started by January end.Of course nothing happened now we are in April they have all the rest of the installments paid in Jan 2007 and they are still messing about wasting more valuable time with a couple of workers on site.They have used every trick in the book to delay so it is interesting they chased you off the site that order must have come from Damac.As I said on an earlier post there is no free press to write about Damac and that is dangerous for everybody not just Damac.:cheers:

I thought all plots had a 'complete by' deadline? They must have a great excuse or lots of influence to be this late?!

Hi Tractor


I think I have heard something about this I don't know if Emaar stipulated this when they sold the land or it came from the Government they are 3 years late at present with a possible another 3 years, so 6 years is taking the piss the press don't get involved in minor things like this in Dubai they are to busy picking up the add money from Damac and others writing stories about all the launches, bad press not allowed in the papers by order of the Government if you ask me.:cheers:

I can't say why they chased me off. There is a new plywood hoarding around most of the site. Also, I didn't approach anyone to ask anything. I just walked up to the site, camera in-hand and started snapping. I didn't want to go up and talk to anyone only to hear them say, "no photos, please."

I can't say why they chased me off. There is a new plywood hoarding around most of the site. Also, I didn't approach anyone to ask anything. I just walked up to the site, camera in-hand and started snapping. I didn't want to go up and talk to anyone only to hear them say, "no photos, please."

Hi GoDubai


I think all the plywood hoardings will be for the safety side of things, there looks as there is a big drop all around it if anyone fell in health & safety would be down on them,that is if they have such a thing in Dubai as health & safety what I have seen is the horse has bolted before they do anything.:cheers:

last five posts moved to investment thread. please limit this thread to construction related discussions.

13/April/2007

Ocean Heights 1

http://img247.imageshack.us/img247/2382/photo055mu5.jpg (http://imageshack.us)

http://img228.imageshack.us/img228/2236/photo056rn6.th.jpg (http://img228.imageshack.us/my.php?image=photo056rn6.jpg)http://img247.imageshack.us/img247/8759/photo057se9.th.jpg (http://img247.imageshack.us/my.php?image=photo057se9.jpg)http://img228.imageshack.us/img228/930/photo058qq8.th.jpg (http://img228.imageshack.us/my.php?image=photo058qq8.jpg)http://img247.imageshack.us/img247/3972/photo059zs8.th.jpg (http://img247.imageshack.us/my.php?image=photo059zs8.jpg)
http://img228.imageshack.us/img228/5589/photo060te1.th.jpg (http://img228.imageshack.us/my.php?image=photo060te1.jpg)http://img412.imageshack.us/img412/5126/photo061dn2.th.jpg (http://img412.imageshack.us/my.php?image=photo061dn2.jpg)

[QUOTE=Imre;12641163]13/April/2007

Ocean Heights 1



Hi Imre

Good to see you back thanks for most recent up to date shots,They don't like
they are getting much done very few workers on site at present.:cheers:

[QUOTE=Imre;12641163]13/April/2007

Ocean Heights 1



Hi Imre

Good to see you back thanks for most recent up to date shots,They don't like
they are getting much done very few workers on site at present.:cheers:

welcome Hanna, but god news that they are working on Friday as well.

This is supposed to be one of the flagship projects in Dubai,its going to take those 5 men a long time to build it.Poor guys.

This is supposed to be one of the flagship projects in Dubai,its going to take those 5 men a long time to build it.Poor guys.

Hi par4


I hope they pay them overtime and all the rest of the benefits for the herculean
task they have started, the site does not look that big compared with the torch and other projects the footplate
looks tiny :) :) :)

This is supposed to be one of the flagship projects in Dubai,its going to take those 5 men a long time to build it.Poor guys.

Obviously DAMAC can not afford to get any more workers or maybe it is just for show until they float the company.

The heroes of Ocean Heights, three musketeers of vertical greatness.

... the site does not look that big compared with the torch and other projects the footplate
looks tiny :) :) :)

The site of The Torch looks big becouse the base of the tower is bigger. The tower itself is not.

BTW why the sudden change in the closing smiley? Where's this guy :cheers: gone?

Probably Alcoholics Anonymous.

The Torch will be marginally higher than Ocean Heights.

^^ The question was about the size of the site, and the height of the tower has nothing to do with it. ;)

^^ it's the usual Dubai mantra "mine is bigger than yours" ;)

Hi All


I heard today from my source in Dubai there will be a shopping complex
at the back of the Ocean Heights building,don't know if that is a good
thing or bad,anybody any comments ! :cheers:

^^ We knew that from ages.

^^ We knew that from ages.

Hi AltinD

Has that been confirmed yet ! :cheers:

^^ Yes it is, but in what form or shape we don't know. It is being kept secret.

HELLO EVERYONE

I HAVE RECIEVED 90% OF MY REFUND. OF OCEAN HEIGHTS AND I WILL FIGHT TO GET MY 10% BACK.

iam happy i recieved this amount. iam glad i cancelled before i had 3 remaining installments. otherwise i would have been fighting for that also.

IT LOOKS TO ME THAT THIS PROJECT WILL TAKE FOREVER TO BE BUILT. THERE IS NO MAIN CONTRACTOR APPOINTED.

DAMAC HAS NEVER BEEN AN INVESTMENT. I WASTED MY TIME AND MONEY WITH THIS COMPANY. I HOPE PEOPLE WHO WANT TO INVEST IN DUBAI DO THERE RESEARCH AND THINK TWICE BEFORE THEY SEND ONE SINGLE PENNY TO THIS COMPANY.

I ADMIRE HANNA SHE HAS FAITH THAT THIS PROJECT WILL BE BUILT IN THE TIME THEY SPECIFY. BUT I FEAR THEY ARE JUST TELLING LIES.

^^ wise words and sorry for your investment being lost.

HELLO EVERYONE

I HAVE RECIEVED 90% OF MY REFUND. OF OCEAN HEIGHTS AND I WILL FIGHT TO GET MY 10% BACK.

iam happy i recieved this amount. iam glad i cancelled before i had 3 remaining installments. otherwise i would have been fighting for that also.

IT LOOKS TO ME THAT THIS PROJECT WILL TAKE FOREVER TO BE BUILT. THERE IS NO MAIN CONTRACTOR APPOINTED.

DAMAC HAS NEVER BEEN AN INVESTMENT. I WASTED MY TIME AND MONEY WITH THIS COMPANY. I HOPE PEOPLE WHO WANT TO INVEST IN DUBAI DO THERE RESEARCH AND THINK TWICE BEFORE THEY SEND ONE SINGLE PENNY TO THIS COMPANY.

I ADMIRE HANNA SHE HAS FAITH THAT THIS PROJECT WILL BE BUILT IN THE TIME THEY SPECIFY. BUT I FEAR THEY ARE JUST TELLING LIES.

Hi ASIFTHE DUBAI MAN

That is good news you have most of your money back all the people I know
who claimed got everything back keep at them for the 10% you will get it.
:cheers:

Good stuff Asif 90% is better then nothing. I have sent my letter of cancellation also, waiting to hear back. I'll be very happy if i get 90% but we can fight for the remaining 10% together.

Have DAMAC now reached the point of no return? Everyone is cancelling now because it is taking too long to start building, but now they do not have enough sales to fund the construction and no one wants to invest in this anymore.

The destiny of Damac lies in their own hands. Push forward with the construction and the investors will return. Hang around doing little and the house of cards will tumble.

Investors just want something tangible and that does not include lots of billboards all over the world.

The destiny of Damac lies in their own hands. Push forward with the construction and the investors will return. Hang around doing little and the house of cards will tumble.

Investors just want something tangible and that does not include lots of billboards all over the world.

Hi True Blue

I agree 100% stop the sales patter and get people on board with 'can do'
Attitude and get bloody moving.:cheers:

YES ITS A RELIEF THAT I GOT 90% BACK THE 10 % I WILL BE FIGHTING FOR DEFINATLEY I WILL NOT LET THEM GET AWAY WITH IT.

THIS COMPANY WILL NOT COMPLETE THIS PROJECT, I KNOW THAT THEY ARE NOT CAPABLE OF DOING IT. HENCE THE LOWER RISE FLATS THEY ARE MARKETING. IF YOU HAVE BOUGHT IN OCEAN HEIGHTS MY ADVISE IS TO THINK ABOUT IT HARD, AND GET YOUR MONEY BACK FROM MY POINT OF VIEW IT IS NOT AN INVESTMENT AND YOU WILL LOSE OUT BIG TIME.

IF PEOPLE ARE FIGHTING TO GET MONEY BACK. MY ADVICE IS DONT GIVE UP. PHONE EVERYDAY PESTER THEM TILL THEY GET SICK OF YOU. AND DONT BELIVE THEIR LIES THAT THEY ARE NOT AT THIER DESK OR THEY ARE IN A MEETING, BECAUSE THEY ARE LIES. I THINK THEY PAY THE RECEPTIONIST TO TELL LIES.

GOOD LUCK TO THOSE FIGHTING TO GET THIER MONEY BACK. MOOLIBABA YOU CAN DO IT DONT GIVE UP.

Thanks for the support Asif. i hope i can bring some good news soon, i have spoken to someone who actually got all of his money back so it is possible, I hope i can do the same. Keep me updated with any news

Lighthouse 2 anybody ?

This story should go to the press.

^^ it has been already, KJ have a crush on Damac as u know.

but this is not lighthouse 2 imo, not yet.

^^ it has been already, KJ have a crush on Damac as u know.

but this is not lighthouse 2 imo, not yet.

Hi dubaiflo

I agree it is not a 'lighthouse' just yet, Damac have many friends in high
places so they will do there utmost to keep them going, the question would
be for how long can they keep this up.It must be nearly three years to find
a contractor to take this building on with no end results in any other country in the modern world this would not be allowed to happen,only Dubai you can get away with this lies.They will not come out and tell the clients the real truth on what the problem is,if they cannot build the building they should come clean and stick there hand up and say it is not feasable in design terms and monetory terms to go ahead with it.Then build a different building with a simple design at half the size and give all the rest there money back with loss of interest and be done with it.This is my point of view they cannot and will not build Ocean Heights in its present form.:cheers:

^^ So are they only pretending to do the piling right now ? Can the same foundation work be used for a different design?

^^ So are they only pretending to do the piling right now ? Can the same foundation work be used for a different design?

Hi Dubai_Steve

Thanks for the comment I think we would have to use True Blue for that
question.
They have been re-arranging the foundaion for over 4 years now I
think they should have cracked it by now don't you think.The have been stalling on this project for years with a little bit here and a little bit there to fool the investors,As I have said from the start if there was free press they would have been embarrased into doing something long ago,but sadly no free press equals they can do what the like with impunity, that is the state of affairs in Dubai at present, hellish don't you think !!!!!!!!!!!!!!!! if there was Government body to force contractors to build between a certain timeframe it would have been finished by now:cheers:

^^ So are they only pretending to do the piling right now ? Can the same foundation work be used for a different design?

they are not pretending, they are doing. I admit it is quite slowly compared to other projects. but 1,5 months ago there where even no piles vissible, so there is progress.

I think the issue is they're having problems getting a contractor onboard, probably for two reasons:

1) It is a very difficult design to build and contractors are seriously wondering how many problems they're going to come across getting this one up. Potential problems mean lost profit and why build this when there are easier ways to make money.

2) Could be they have doubts about actually been paid for the job by Damac given they're squandering so much money.

they are not pretending, they are doing. I admit it is quite slowly compared to other projects. but 1,5 months ago there where even no piles vissible, so there is progress.

Hi Tag one


If they are doing and I know what they are doing believe me 'I know'.
I have been going to the site like a pilgrimage for the last three years now and if you think a couple of piles sticking out of the ground is progress you are sadly mistaken have you any idea the delays already on this project,I think you would say no not realy what is it then, try circa 2003 now you get my drift there is something badly wrong.:cheers:

I think the issue is they're having problems getting a contractor onboard, probably for two reasons:

1) It is a very difficult design to build and contractors are seriously wondering how many problems they're going to come across getting this one up. Potential problems mean lost profit and why build this when there are easier ways to make money.

2) Could be they have doubts about actually been paid for the job by Damac given they're squandering so much money.


Hi Morrismarina

Now I think you are getting warmer they are two very good idea's :cheers:

Hanna - What good is it doing constantly moaning on about it on this forum?

How is your contract so different from everyone else's? Asif, Mooliba and others are getting out. Enlighten us on why you don't either get out or use your time more profitably by lobbying people who can do something about it.


And yes, I lost money on a dud deal in Dubai - rubbish happens. That's life and that's property investment!

Hanna - What good is it doing constantly moaning on about it on this forum?

How is your contract so different from everyone else's? Asif, Mooliba and others are getting out. Enlighten us on why you don't either get out or use your time more profitably by lobbying people who can do something about it.


And yes, I lost money on a dud deal in Dubai - rubbish happens. That's life and that's property investment!

HI

I WOULD LIGHTEN YOU NOT 'ENLIGHTEN YOU 'ARSE' WHO ASKED YOU TO READ ANYTHING AS I HAVE SAID BEFORE GIVE US A CLUE WHO FORCES YOU AND WE WILL SORT THEM OUT.THE WHOLE POINT IS TO INFORM AND GET INFORMATIOM ON A FORUM IN YOUR EYES THIS MUST BE DIFFEERENT PLEASE DON'T WRITE A POST SCRIPT YOU BORE ME ALREADY :bash:

No :cheers: this time around?


-j/k-

No :cheers: this time around?


-j/k-

Hi AltinD


Not this time only use the Hammer to 'dimwits' :cheers:

[QUOTE=Hanna;12755156]HI
.THE WHOLE POINT IS TO INFORM AND GET INFORMATIOM ON A FORUM

I couldn't agree more!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hanna, do you think OH will ever get built ??

Hanna, do you think OH will ever get built ??

Hi Morrismarina

My honest opinion is yes I think it will built but not the current design it is the only reason I can think of for all the delays.I am sure they would have done there flagship project long ago if it was possible,the publicity would have been imense if they could have done it.Now they are giving deposits back like no tomorrow.My view is why should I put mine in when it suits them as much.
I think there will be a major announcement one way or another in the next few months with pretty big implications and if they offer me my money back with loss of interest and any other monies I can claim of them so be it.
I have said before I can think of no better way to discredit Damac than here on Skyscrapercity,they have blocked all lines of communication with the press with there libel alegations on anyone who prints anything about them,so I am gratefull that Skyscrapercity is above their grasp to control and manipulate as they please,they read these pages along with lots of estate agents so where better to lobby and tell the people the latest antics they have gotten up to than this blog.If these pages are read by one person that hesitates buying a Damac property that is all I can ask for.
All of the above is my opinion I am open to 'constructive debate' and if I am wrong I will hold my hand up. :cheers:

What is so difficult about ocean heights design compared to infinity that would take them 4 years ?

Go Wealthy site claim ocean heights is 22 floors :lol:

Hanna is right.
How else would we know what’s really going on?

Go Wealthy site claim ocean heights is 22 floors :lol:

:rofl:

but u need to give them credits for writing 82 in the actualy text ;)

:rofl:

but u need to give them credits for writing 82 in the actualy text ;)

Hi Dubaiflo

There has been many design proposals and changes to the floors over the years it has been getting higher and higher and the twist was the last introduction what people may have seen is the orginal design which as you know has changed dramatically over the years to the present white elephant.:cheers:

^^ A white elephant will look completelly out of place in the Marina ...


















... it should be sandy-beigge colour to blend in. :D

^^ A white elephant will look completelly out of place in the Marina ...



Hi AltinD


Very Funny we need a bit humour in our lives :lol: :lol: :lol: :lol:













... it should be sandy-beigge colour to blend in. :D






Hi AltinD


Very Funny we need a bit humour in our lives :lol: :lol: :lol: :lol:

Yep. Investing with Damac is a right laugh. It's a joke a day!

Pictures from damac's website:

http://damacproperties.com/new/manager_images/2007-21-7-23-DSC03462.jpg

http://damacproperties.com/new/manager_images/2007-21-7-23-DSC03461.jpg

http://damacproperties.com/new/manager_images/2007-21-7-24-OH.jpg

Are all of Damac's properties on hold, or just a few?

Whoever is in the process of getting their refund, make sure they're refunded to the last penny. They're trying to hold back on some of the money with everyone it seems.

[QUOTE=malec;12770866]Pictures from damac's website:



Hi Malec

APCC guys not realy doing much from month to month are they,I thought the site would have been 'Flooded' no pun intended by the extra APCC workers from Infinity project seing they are a bit redundant at the moment,it doesn't seem to be the case.So they are still on a go slow 'reason' only known to Damac boffins at present, us the clients are on the need to know basis as is allways the case with Damac. Velvet customer service department 'what a joke that lot are':cheers:

Are all of Damac's properties on hold, or just a few?

in fact, non of their projects are on hold.

anyway those piling caps look promising, they are excavating the piles and breaking the caps as far as i can see?

in fact, non of their projects are on hold.

anyway those piling caps look promising, they are excavating the piles and breaking the caps as far as i can see?

Yes well spotted Dubaiflo 1 cap a month, count the caps that could end up a lot of years to go yet.If they wanted to go like the clappers they would go you wouldn't see the caps for dust. A BLIND man can see there is something wrong with the rate they are going at, its intential what they are doing 'but why' this is what I have been trying to find out for the last two years and I can't find the answer.:cheers:

Not much point finishing the piling work until they get a contractor signed up to build it. Until that happens this tower is obviously going nowhere.

They're poking around in a sand box. They are not even trying to get any real work done here.

I'm going to go off topic a bit--please allow me just this once, as I don't feel like poking about different threads. Damac's Marina Terrace is featured in the latest Property Weekly, all praise, not a single criticism. Also, Cayan builder of Infinity, is featured in a two page interview. Infinity tower is given praise for its design and the interview asks all about the company's upcoming projects. Not a single word about that disaster along the Marina and what they're doing about. The press here is so full of gloss and BS. It is really pathetic.

^^ I read those and really found it very weird.

^^ I read those and really found it very weird.

Hi AltinD

This is what happens when they have no free press all you get is fabricated story's to make the developers look great
when the real story is completly different and the truth is constantly hidden from the people.

Can you provide me with the link that details the story about Damac.

Im trying to get my money back and have been told i wont get back what ive paid. Damacs customer relations dept are absolutely pathetic where do they get these people. im with nidoenator noone should let them have a single penny. Anybody know of a good and reliable advocate in dubai just in case. Thanks

Can you provide me with the link that details the story about Damac.

Hi Hanna,

Property Weekly is a printed magazine only and the content is not available on-line, so sorry.

Hi Hanna,

Property Weekly is a printed magazine only and the content is not available on-line, so sorry.

HI AltinD


Thanks for the update :cheers:

Im trying to get my money back and have been told i wont get back what ive paid. Damacs customer relations dept are absolutely pathetic where do they get these people. I am with nidoenator no one should let them away with a single penny. Anybody know of a good and reliable advocate in dubai just in case. Thanks


Hi moolibaba



Are they holding back a big percentage !

Huh? What sort of BS is this? :dunno:







DAMAC launches Signature residences
Sun, 22 Apr 2007 03:11 PM - Dubai Time
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DAMAC Properties has announced the launch of yet another luxurious masterpiece – ‘The Signature Residences’. Each penthouse will be upwards of AED 35 - 40 million. This private world of select apartments is just one each on floors 67 to 70, in ‘Ocean Heights’, the 82-storey award-winning marvel in Dubai Marina and ‘Lotus Heights’ in the bustling Business Bay.

“We are proud to launch yet another masterpiece in the Middle East and we will be replicating the same within our projects across the globe. Today we are making a statement and through our offering, which is one-of-a-kind, we believe that this elite group of people who are part of the Signature Residences will enjoy the highest form of luxury that anybody can comprehend. We are a company that believes in unique offerings and we will continue to do so,” said Mr. Hussain Sajwani, Chairman DAMAC Group.

“Today is a big day for us as we have shown the audience in the region and across the globe what luxury means. With today’s offering of our Signature Residences, we have given a new meaning to the word luxury. This project of ours has a unique environment, which acknowledges your presence even as you set foot into the building. A personal elevator leading to your signature apartment and furthermore a Hi-tech computerized lift, smart enough to recognize and greet you among other world class luxurious
features can only leave one spellbound,” said Peter Riddoch, CEO, DAMAC Properties.

HBA (Hersh Bedner Associates), a leader in hospitality interior designing worldwide, has designed the interiors of the Signature Residences. The Penthouse comes with smart home management systems that give you control of your home even while you’re away. With systems that adjust automatically, while also taking into account the prevailing conditions of your home, all just a click away.

In addition the penthouse will have access control and electrical keys; panic button push triggers an alarm, which is conveyed to central user interface, camera views from outside, digital video recording system, door intercom system, intruder alarms, water leakage alarms and gas leakage alarms. Excellent indoor conditions are ensured by integrating controls of temperature, humidity, air quality, lighting, curtains and sliding doors into a full solution for indoor comfort.

The Signature penthouses will have an exquisite and large dining area, as big as a party hall. Truly masterpieces confined to a few distinguished people in the world. Tastefully chosen furniture and joinery adorn the master and guest bedrooms. Exquisite décor and lighting create a stylish and elegant ambience. Experience the most breathtaking of views from within your bedroom. The cove lit ceilings optimize the h
Advertisement
rizontal views and match the aesthetics of the room. Leather clad doors with custom designed etched glass, walk-in wardrobes with ionized glass and leather flooring

The penthouse at Ocean Heights will have home entertainment, in a 5-star setting like never before with a large screened television, generous speakers and surround sound system. A study room that clamors for a personal touch that can have laurels of ones accomplishments or souvenirs collected from travel across the world or splash the walls with your photography collection. Furthermore, defining the expression and atmosphere of the kitchen are international brands Poggen Pohl (Germany) and Boffi (Italy). The bathrooms are etched in a style that’s a class apart with signature fittings such as the custom made whirlpool tub, hand made glass mosaics, vitra form etched glass bowls and Kohler rain showers with adjustable side sprays.

“We at DAMAC take luxury very seriously and pay attention to your finest of details and makes sure customers live life to the fullest. The facilities include children activity room, tennis court, sauna & spa baths, gymnasium, swimming pool, all apartments with maid’s room, 4 parking spaces each and every apartment will have its very own swimming pool, personal gymnasium and steam room. We shower our customers with all the facilities and amenities for them to relax and stay in the pink of health and enjoy each moment of their luxurious lifestyle,” concluded Mr. Riddoch.

Hi moolibaba



Are they holding back a big percentage !

Sorry what i meant to say was that they said i wont get all the money back but they didnt say what %, spoke to some dimwit in accounts who rang becoz my next payment is due, yeah sure im gonna give the arses more of my money!!!!

The penthouse apartments will cost up to $10.9m and each will have its own personal elevator, as well as its own swimming pool, gymnasium and steam room.

^^ They are rearranging and copying the Pentominium idea in order to sell the last / cancelled units.

What will be above the penthouses on floors 71 to 82 ?

The penthouse apartments will cost up to $10.9m and each will have its own personal elevator, as well as its own swimming pool, gymnasium and steam room.

^^ They are rearranging and copying the Pentominium idea in order to sell the last / cancelled units.


Hi Dubai_Steve

How can the manage to sell Apartments like this with all the trouble associated with this company,who in their right mind would put that kind of money down with them in Ocean Heights, they amaze me they really do,then again maybe that is how they have cleared the floors with all there delays people throw in the towel and they gave them there money back 'who knows':cheers:

[QUOTE=malec;12783836]Huh? What sort of BS is this? :dunno:







DAMAC launches Signature residences
Sun, 22 Apr 2007 03:11 PM - Dubai Time




Hi malec


Its unbelievable what will they try next ! I think they should try and build the signature car park first before they try and sell
penthouses,I think a car park is even beyond the clowns.They should announce the contractor before they tried any more funny
moves on the general public.cheers:

this is really somewhat funny they are relaunching ocean heights units. :lol:

anyway steve there might be "normal" units and more penthouses on top of the building. they are just trying to sell those now..

for a change, HBA sounds like quality though..

^^HBA?

This whole thing, is bizarre, spooky, creepy... This thing launched in 2004 and was supposed to be completed by now. Three years later it's a partially dug hole in the ground and it's being relaunched as the most exclusive thing the earth has ever beheld. This company is totally bizarre! And just read in the press release how everything is written in the present tense. It has this and that... when none of this will see the light of reality until 2011, if ever.

Hirsch Bedner Associates. they are really good interior clients.

I agree on the Damac case but i have not lose faith.

Business

Real Estate Property


Published: 23/04/2007 12:00 AM (UAE)

Damac makes progress on venture in Pakistan
By Shakir Husain, Staff Reporter



Dubai: Damac Holding said it is in the process of launching its first project in Pakistan and is also making progress on entering the huge Indian property market.

"We expect to launch a residential project in Islamabad. It could happen in the next two months," Damac Properties chief executive officer Peter Riddoch told Gulf News.

The Islamabad project will be followed by developments in Karachi and Lahore.

Damac will also launch a residential project in Oman as the UAE-based company pursues overseas expansion.

The company has 60 real estate projects in six countries. Half of its portfolio is in the UAE and has a value of Dh12 billion, Riddoch said.

Damac recently announced its most ambitious residential and tourism project on Egypt's Red Sea coast.

The Dh60 billion plan involves development of 3,000 hectares of land at Gemsa Bay and includes luxury hotels, 5,000 villas, an 18-hole golf course and a marina.

The property major is pursuing discussions in India to develop real estate in key cities but its efforts have been slowed by legal and regulatory processes. Chairman Hussain Sajwani said acquiring land in India is proving to be a difficult process.

Partners

While the company has decided to go it alone in Arab countries, Sajwani said he is willing to have partners in India because of the large size of the country and cities.

"We could be looking at partners in India," he told reporters yesterday.

Riddoch said Damac's first Indian projects may be launched in Hyderabad and New Delhi followed by Bangalore and Mumbai.

A mixed-use development is under discussion in India, he said.

"We have an opportunity to launch a fairly large-scale project after this summer," he said.

Signature residences: New penthouse project unveiled

Damac Properties yesterday unveiled The Signature Residences in which penthouse have been priced at Dh35 million to Dh40 million.

This private world of select apartments is just one each on floors 67 to 75 in Ocean Heights, the 82-storey venture in Dubai Marina and Lotus Heights in Business Bay.

"Today we are making a statement and through our offering, which is one of a kind, we believe that this elite group of people who are part of the Signature Residences will enjoy the highest form of luxury that anybody can comprehend. We are a company that believes in unique offerings and we will continue to do so," Hussain Sajwani, chairman of Damac Group, said in a statement.


Hi All

They are at again announcing projects all over the place,they can't help themselves.And the signature apartments are over 9 floors now 67-75
you couldn't make it up.:cheers:

So floors 67 to 75 (9 floors) are now penthouses? or is this a typo? They must have a lot of unsold units after 4 years or a lot of cancelled units.

Did anyone here reserve on floors 67 or above or know someone who did?

some people must have been moved?


Bedroom :

http://www.ameinfo.com/images/news/3/38833-bedr.jpg

Living Room:

http://www.gowealthy.com/images/news/news_2239_2_9.jpg

Dining Room:

http://www.gowealthy.com/images/news/news_2239_3_21.jpg

Swimming Pool:

http://business.maktoob.com/BusinessImages/News/20070218035924/Feature.jpg

[QUOTE=Dubai_Steve;12789965]So floors 67 to 75 (9 floors) are now penthouses? or is this a typo? They must have a lot of unsold units after 4 years or a lot of cancelled units.

Did anyone here reserve on floors 67 or above or know someone who did?

some people must have been moved?


Bedroom :



Hi Dubai_Steve


You are right I thought in my minds eye the number 65 :cheers:

I wish I was on 67 or above and they had to buy me out that would have been nice.

they put 2 huge boards on the front of the site.
night render(amazing) and penthouses advert

What's the cause of the contractor issues with this?

I think its pretty obvious that this development has suddenly become a priority again for DAMAC ... can't believe they'll sell such expensive penthouses easily, however.

Or....cannot believe that ppl give their cash so easily to such a company as Damac. Although, I'm sure that ppl are slowly figuring this company out, and they're gona find it a lot harder to sell units than ever before now.

What's the cause of the contractor issues with this?

Hi Blizzy


The contractor issue is they cannot get one they have tried since 2003-2004 and they sell themselves as the biggest independant developer in Dubai and still cannot get anyone, the question is are they really trying ! and what game are they playing :cheers:

Why can they not get one if they did so for the waves tower in Dubai Marina ?

Why can they not get one if they did so for the waves tower in Dubai Marina ?

Well the contractor for The Waves must have been appointed at least 3 years ago, a lots changed with Damac since then, in terms of their relentless launch of new projects. Any contractor's going to know for sure (even by simply reading their press releases) that this company is trying to expand at a stupidly fast rate -it's what is known in accountancy/banking circles as "over trading" whereby (put very simply) cashflow cannot keep up with expenditure. Any contractor is going to look at the credit worthiness of any company they deal with and I guess it would be very hard to actually calculate Damac's projected cashflow given their ridiculous commitment to future projects. Perhaps Damac's bankers are having the same problem and hence will not agree to provide any bank bonds/guarantees to back up any contracts.

^^ In other words DAMAC can not afford to build it. Otherwise they could just pay them in advance from the sales of the apartments.

I guess they need to sell all the new signature residences first.

^^ In other words DAMAC can not afford to build it. Otherwise they could just pay them in advance from the sales of the apartments.

I guess they need to sell all the new signature residences first.

At these sky high prices any purchasers are not going to be your average man in the street, certain to be highly successful astute business people. I would expect them to do their homework on any developer in great detail before handing over such vast amounts of money. They'd undoubtedly be looking for an escrow account to be in place with a major bank holding the funds........now there's a problem for sure I can't recall the press article mentioning anything about this.......just full of designer, lifestyle crap. I wonder how many they'll sell ??

There is no way Damac are over trading nor do they have cash flow problems.

This latest announcement on the penthouses probably explains why they have not placed the main contract. Making big variations to the design of the building and the M & E package after placing the contracts only exposes them to payment and valuation disputes. The soaring values of Le Reve probably made them rethink a way of squeezing more cash out of the development.

Damac are guilty of pissing around with the off plan investors here which is something they will have to make ammends for if they hope to dupe, errrr sorry, I mean lure more customers for their ambitious growth plans.

And Hanna, (bad use of a conjunctive) stop taking the bait with the Torch investors who are seriously jealous of OH plot location. This one will be built, very late but it will happen.

^^ but that would not explain why DAMAC did not appoint a contractor last year or the year before that or the year before that.

... because when they changed the design they agreed a new completion date with Emaar and so knew the site wouldn't be active for a long time ... of course witholding that info from investors!

I expect this will start to be under construction (properly) within 6 months.

stop taking the bait with the Torch investors who are seriously jealous of OH plot location.

:lol:

There is no way Damac are over trading nor do they have cash flow problems.

This latest announcement on the penthouses probably explains why they have not placed the main contract. Making big variations to the design of the building and the M & E package after placing the contracts only exposes them to payment and valuation disputes. The soaring values of Le Reve probably made them rethink a way of squeezing more cash out of the development.

Damac are guilty of pissing around with the off plan investors here which is something they will have to make ammends for if they hope to dupe, errrr sorry, I mean lure more customers for their ambitious growth plans.

And Hanna, (bad use of a conjunctive) stop taking the bait with the Torch investors who are seriously jealous of OH plot location. This one will be built, very late but it will happen.

Hi True blue

You are right I will stay well back :cheers:

Actually the penthouses look quite nice !

http://i14.tinypic.com/4e0sj2a.jpg

VIDEO Walkthrough: http://www.damacproperties.com/signature/index.html

looks ok, better layout than their normal apartments, which are absolutely crap.

The soaring values of Le Reve probably made them rethink a way of squeezing more cash out of the development.

Could you please explain what you mean by this?

^^ Isn't that clear? Le Reve is the most exclusive tower in Dubai yet, with Michael Schumacher and Roger Federer calling it home. The developer made it exclusive and charged big money for the Aprtments, with owners paying even more to re-decorate as per their tastes.

DAMAC wants to do just that, since their location is better then Le Reve (two shorter towers at the sides and none at the back) plus the architectural design of the tower is really outstanding.

I have heard that it took 4 solid years to get Le Reve built and I don't think the duplex penthouse and several other units are complete yet. It is a relatively small tower but presumably well made, especially the interior work. So, if Damac plans to match or better that it doesn't bode well for how long it will take.

I think we can presume that the builders of Le Reve had their monies in hand. What about Damac? Also, I have been told that even now Le Reve is putting up residents whose suites have not been finished in expensive hotels, until the work is done. It means these buyers made sure to get the specs right in their contracts. What, again, about Damac? Sure, those penthouse designs look great, but at some point it's gotta move from paper to bricks and mortar.

26/April/2007

Ocean Heights , new board

http://img120.imageshack.us/img120/9492/imresolt44vy5.jpg (http://imageshack.us)

27/04/2007

Ocean Heights

http://img82.imageshack.us/img82/370/imresolt046dc1.jpg (http://imageshack.us)

http://img100.imageshack.us/img100/8333/imresolt047bb9.th.jpg (http://img100.imageshack.us/my.php?image=imresolt047bb9.jpg)http://img241.imageshack.us/img241/926/imresolt048jy6.th.jpg (http://img241.imageshack.us/my.php?image=imresolt048jy6.jpg)http://img82.imageshack.us/img82/7991/imresolt049dn1.th.jpg (http://img82.imageshack.us/my.php?image=imresolt049dn1.jpg)

Looks like this one isn't far behind Princess Tower all of a sudden!

^^ i told you so, let us just hope those are in fact the piles for the 82F version ;)

anyway, the new rendering looks gorgeous as usually..

Looks to me like they're making them all nice and tidy ready for construction - so imo the 82F ver will start rising soon (2months?)

^^ no no, the raft foundation and basement will take much longer.

also they are now waiting for the main contractor which might take some more weeks..

Just found this from Middle East Tenders (http://www.middleeasttenders.com/CategoryResult.asp?CategoryId=39):

Name : Ocean Heights Tower - Dubai Marina More...
Description : Construction of 82-storey Ocean Heights tower comprising more than (600) residential apartments and (700) parking spaces, including a luxurious temperature-controlled swimming pool, a state-of-the-art gymnasium, a sauna and steam room, a games room and children's play area.
Territory : Dubai
Updated : April 11, 2007
Status : New Tender

So, as of April 2007 new tender is out. Will there be any takers?

Just found this from Middle East Tenders (http://www.middleeasttenders.com/CategoryResult.asp?CategoryId=39):

Name : Ocean Heights Tower - Dubai Marina More...
Description : Construction of 82-storey Ocean Heights tower comprising more than (600) residential apartments and (700) parking spaces, including a luxurious temperature-controlled swimming pool, a state-of-the-art gymnasium, a sauna and steam room, a games room and children's play area.
Territory : Dubai
Updated : April 11, 2007
Status : New Tender
So, as of April 2007 new tender is out. Will there be any takers?

Hi GoDubai

Nice work

The funny thing the liars at the Velvet Customer Service section keep telling us THEY ARE DOWN TO THE LAST TWO CONTRACTORS AND WILL BE ANNOUNCED SOON WAY BACK IN 'JANUARY' the lying rats could not lye straight in there beds.
If the above statement is correct 11 April then they have been conning all the clients again they were never down to the last two, not that I believed them in the first place you learn fast never to believe a word Damac says at any time ! :cheers:

Damac contacted investors as early as January '07 saying that construction has started and that they wanted the next 10% installment.

This was a blatanly untrue.

It defies belief and logic that they can ask for more money when it its soooooo obvious they havent built jack shit. At least if they were 10 floors up u might take the risk, but a hole in the ground doesnt show much progress in over 2 yrs.

Hi GoDubai

Nice work

The funny thing the liars at the Velvet Customer Service section keep telling us THEY ARE DOWN TO THE LAST TWO CONTRACTORS AND WILL BE ANNOUNCED SOON WAY BACK IN 'JANUARY' the lying rats could not lye straight in there beds.
If the above statement is correct 11 April then they have been conning all the clients again they were never down to the last two, not that I believed them in the first place you learn fast never to believe a word Damac says at any time ! :cheers:

Maybe they were indeed going on choosing the contractors route, as more and more projects are going. Maybe they couldn't struck a deal with none of those two companies and were forced to put the packagge on public tender.

.... Oops I actually tried to justify Damac. :runaway:

Maybe they were indeed choosing the contractors route as more and more projects were announced. Maybe they couldn't strike a deal with none of those two companies and were forced to put the package out to public tender.

.... Oops I actually tried to justify Damac. :runaway:

Hi AltinD

We wouldn't be using the word 'maybe' all the time if they came out and
told the truth for once.They promised the clients would be informed and
kept up to date at all times that is the biggest untruth we have heard.
I know about business etiquette with keeping secrets about negotiations but after 3 years and we still know nothing is taking the piss big time.:cheers:

I can't see that a tendering process would take so many months. True, it takes time for the company to put its requirements for tender together. This would have presumably started sometime in 2004. Then this is presented to interested companies to bid on. Again they will be given some time--a couple of months--to prepare their bid. Bids prepared are then submitted, then Damac needs to give the thumbs up or thumbs down. One or two weeks for that. Now, if no acceptable tenders are offerred then the process repeats itself, presummably more quickly since Damac will only need to modify its initial requirements. So, from 2004 until April 2007 what has been going on. Is it tendering round 20, 50...?

I can't see that a tendering process would take so many months. True, it takes time for the company to put its requirements for tender together. This would have presumably started sometime in 2004. Then this is presented to interested companies to bid on. Again they will be given some time--a couple of months--to prepare their bid. Bids prepared are then submitted, then Damac needs to give the thumbs up or thumbs down. One or two weeks for that. Now, if no acceptable tenders are offerred then the process repeats itself, presummably more quickly since Damac will only need to modify its initial requirements. So, from 2004 until April 2007 what has been going on. Is it tendering round 20, 50...?

Hi GoDubai

They told us back in November 2006 they had 10 contractors desperate to build
Ocean Heights and the next move would be to weed them out and decide
who was the winner,fast forword to May the first and he presto still nothing
and we wait for there next piece of lies and deceit.:cheers:

Damac launch another new project called the wildflower,they are back to one project a week again you could not make it up.:cheers:


http://213.132.44.184/emiratestoday/

18/May/2007

Ocean Heights

pilling done, offices removed, waiting for the main contractor:)

http://img223.imageshack.us/img223/9551/imresolt142um3.jpg (http://imageshack.us)

http://img214.imageshack.us/img214/2441/imresolt143hh5.th.jpg (http://img214.imageshack.us/my.php?image=imresolt143hh5.jpg)http://img512.imageshack.us/img512/4369/imresolt144mj4.th.jpg (http://img512.imageshack.us/my.php?image=imresolt144mj4.jpg)http://img412.imageshack.us/img412/7571/imresolt146wr3.th.jpg (http://img412.imageshack.us/my.php?image=imresolt146wr3.jpg)http://img296.imageshack.us/img296/628/imresolt147bc3.th.jpg (http://img296.imageshack.us/my.php?image=imresolt147bc3.jpg)http://img412.imageshack.us/img412/7601/imresolt148pd4.th.jpg (http://img412.imageshack.us/my.php?image=imresolt148pd4.jpg)

[QUOTE=Imre;13237868]18/May/2007

Ocean Heights

Hi Imre


Nice shots as allways

I hope the guys are near retiring they may have a long wait on a contractor
its been over 3 years to date.the guys were told your wages are down there
somewhere, don't worry you have a few years before anything is built plent time
left to find them.
:cheers:

http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theuae/2006/June/theuae_June66.xml&section=theuae

Hi

The big difference to-date from 2006 when the Khaleej Times Scrutiny Investigations Team did that report is no newspapers write about Damac
now they are all Government owned and censored,the only one that did
anything was the Khaleej Times but that was bought out last year and have
written nothing derogatory since then 'how strange' Damac threatened the
Khaleej Times on a few occaisions with slander but came to nothing this was
around the time the government bought the controlling shares of the Khaleej times.
The top people at Damac seem to think they can doing anything they want
now and get away with it.I wonder if the people buy into there signature Apts
do their homework on them before they put down there millions. :cheers:

^^ Yes that article from Khaleej Times was very interesting.

DUBAI — Investors in several of Damac Properties' residential construction projects are threatening to withhold payments from the company in protest over the firm's failure to finish buildings on time. Damac, which started life as a catering company but now bills itself as Dubai's 'largest private property developer', is facing an unprecedented backlash from residential property investors who bought 'off plan' apartments in advance of construction.

Buyers are furious over repeated delays in construction, contractual wrangling over compensation, complaints over interior finishes and poor customer service. Of the five projects (out of its advertised 15) Damac has started, all are running substantially behind their projected completion schedules.

Damac's problem projects are:

The Waves — was due for completion May 2005, now projected to be finished mid-2006

Ocean Heights — originally scheduled for the end of 2007, then delayed to June 2008, now will not be delivered until end of 2009.

Lake View — originally scheduled for completion by December 2006, construction will not be finished until first quarter of 2007, with the project's landscaping not ready until December 2007.

Jumeirah Lake Terrace — tower delayed six months until the end of 2006, with the showpiece lake and landscaping not ready until the end of 2007

Marina Terrace - Damac's first residential tower, delivered 14 months late. Was due for completion in October 2004, buyers were only given keys in March 2005. Subsequently, two floods from burst pipes caused damage to several apartments. Damac CEO Peter Riddoch has written to buyers apologizing for the 'protracted' delays in delivering apartments.

Many buyers have bought Damac properties as rental investments and are concerned that they will be unable to start earning income from their properties for years to come.

One Lake Terrace investor said: "Regardless that the apartment might be ready by the end of 2006, if the lake and landscaping are not completed for another year after that, I will never be able to rent the property while the project still looks unfinished and still resembles more a construction site than a place to live."

The Khaleej Times has learnt from buyers at Lake Terrace and Ocean Heights developments that a number of them have told the company they will hold back scheduled payments. Buyers are even discussing organizing mass withholding of payments.

The company, whose website boasts '4500 happy home owners' - markets heavily in the UK and Europe, but is now also receiving unflattering coverage there. Laurie McWhan, a The Waves buyer, told the London Times newspaper: "Three years after I made my investment, I don't have my house, a year's potential rent of £12,000 [Dh 82,000] is down the drain, and all they have offered me is a few thousand pounds in compensation. It's scandalous." Damac relied on wide-ranging 'force majeure' clauses to minimise contracted penalty payments to owners at Marina Terrace and The Waves.

Damac's delivery problems are adding to jitters felt by many of the Emirates property investors: particularly in the wake of the 'The Light House Affair' revelations. Developer Emad Ayoub fled Dubai in April having taken Dh14 million in advance payments for 'off plan' apartments. His Light House marina project, which was due for delivery in April, never made it past the foundations and Ayoub, after blaming 'unforeseen technical difficulties' for the delays in construction and promising the project would be completed, is now in hiding in the UK and being pursued by police and investors' lawyers.

The levelling out of recent property price rises and the predicted oversupply of new apartments is also adding to anxiety over delayed projects and the increasingly public grumbling over Damac's construction delays and other apparent problems now appears to be having a knock-on effect with newer developments.

A Damac salesperson, who spoke on condition of anonymity, confided that Ocean Heights remains undersubscribed with a significant number of
apartments unsold. The Khaleej Times has also learnt that poorer than expected sales have led the company to offer unsold apartments at prices below their original offering price when the towers were first marketed.

The company has also launched more unusual sales incentives.

Following on from its Jaguar car offer for new owners, the company is now offering free tickets and business class airline tickets to see World Cup 2006 in Germany.

Despite almost universal praise for the daring and elegant designs of the exteriors of Damac's towers, buyers have complained about their interiors.

Bathrooms and kitchens in Marina Terrace have been described as 'cheap', 'poor' and 'horrible', with much criticism levelled at the tiles and finishings. At Marina Terrace and The Waves, much of that material is supplied by Damac's own Omani subsidiaries Al Shams and Al Amana.

Many Damac investors have resorted to online forums to express their disappointment and anger over what has happened to their investment properties. One buyer raged: "Damac are falling back into mediocrity and when they do, nothing will sell at the exorbitant prices they are expecting.

"People will see through them and this will have a effect on their future projects. Maybe they want to be blind to that fact, who knows? They will learn the hard way I think."

Another wrote: "If everyone says their interior finishings are crap, their reliability appalling and their customer service non-existent (and EVERYONE DOES!), then Damac are really wasting their time."

^^ Yes that article from Khaleej Times was very interesting.

DUBAI — Investors in several of Damac Properties' residential construction projects are threatening to withhold payments from the company in protest over the firm's failure to finish buildings on time. Damac, which started life as a catering company but now bills itself as Dubai's 'largest private property developer', is facing an unprecedented backlash from residential property investors who bought 'off plan' apartments in advance of construction.

Buyers are furious over repeated delays in construction, contractual wrangling over compensation, complaints over interior finishes and poor customer service. Of the five projects (out of its advertised 15) Damac has started, all are running substantially behind their projected completionschedules.



Damac's problem projects are:

The Waves — was due for completion May 2005, now projected to be finished mid-2006

Ocean Heights — originally scheduled for the end of 2007, then delayed to June 2008, now will not be delivered until end of 2009.

Lake View — originally scheduled for completion by December 2006, construction will not be finished until first quarter of 2007, with the project's landscaping not ready until December 2007.

Jumeirah Lake Terrace — tower delayed six months until the end of 2006, with the showpiece lake and landscaping not ready until the end of 2007

Marina Terrace - Damac's first residential tower, delivered 14 months late. Was due for completion in October 2004, buyers were only given keys in March 2005. Subsequently, two floods from burst pipes caused damage to several apartments. Damac CEO Peter Riddoch has written to buyers apologizing for the 'protracted' delays in delivering apartments.

Many buyers have bought Damac properties as rental investments and are concerned that they will be unable to start earning income from their properties for years to come.

One Lake Terrace investor said: "Regardless that the apartment might be ready by the end of 2006, if the lake and landscaping are not completed for another year after that, I will never be able to rent the property while the project still looks unfinished and still resembles more a construction site than a place to live."

The Khaleej Times has learnt from buyers at Lake Terrace and Ocean Heights developments that a number of them have told the company they will hold back scheduled payments. Buyers are even discussing organizing mass withholding of payments.

The company, whose website boasts '4500 happy home owners' - markets heavily in the UK and Europe, but is now also receiving unflattering coverage there. Laurie McWhan, a The Waves buyer, told the London Times newspaper: "Three years after I made my investment, I don't have my house, a year's potential rent of £12,000 [Dh 82,000] is down the drain, and all they have offered me is a few thousand pounds in compensation. It's scandalous." Damac relied on wide-ranging 'force majeure' clauses to minimise contracted penalty payments to owners at Marina Terrace and The Waves.

Damac's delivery problems are adding to jitters felt by many of the Emirates property investors: particularly in the wake of the 'The Light House Affair' revelations. Developer Emad Ayoub fled Dubai in April having taken Dh14 million in advance payments for 'off plan' apartments. His Light House marina project, which was due for delivery in April, never made it past the foundations and Ayoub, after blaming 'unforeseen technical difficulties' for the delays in construction and promising the project would be completed, is now in hiding in the UK and being pursued by police and investors' lawyers.

The levelling out of recent property price rises and the predicted oversupply of new apartments is also adding to anxiety over delayed projects and the increasingly public grumbling over Damac's construction delays and other apparent problems now appears to be having a knock-on effect with newer developments.

A Damac salesperson, who spoke on condition of anonymity, confided that Ocean Heights remains undersubscribed with a significant number of
apartments unsold. The Khaleej Times has also learnt that poorer than expected sales have led the company to offer unsold apartments at prices below their original offering price when the towers were first marketed.

The company has also launched more unusual sales incentives.

Following on from its Jaguar car offer for new owners, the company is now offering free tickets and business class airline tickets to see World Cup 2006 in Germany.

Despite almost universal praise for the daring and elegant designs of the exteriors of Damac's towers, buyers have complained about their interiors.

Bathrooms and kitchens in Marina Terrace have been described as 'cheap', 'poor' and 'horrible', with much criticism levelled at the tiles and finishings. At Marina Terrace and The Waves, much of that material is supplied by Damac's own Omani subsidiaries Al Shams and Al Amana.

Many Damac investors have resorted to online forums to express their disappointment and anger over what has happened to their investment properties. One buyer raged: "Damac are falling back into mediocrity and when they do, nothing will sell at the exorbitant prices they are expecting.

"People will see through them and this will have a effect on their future projects. Maybe they want to be blind to that fact, who knows? They will learn the hard way I think."

Another wrote: "If everyone says their interior finishings are crap, their reliability appalling and their customer service non-existent (and EVERYONE DOES!), then Damac are really wasting their time."

Hi Dubai_Steve

I think Peter Riddoch thinks he is a clone of 'Tony Bliar' the master of spin
and deception they were both born in Scotland Peter educated in Glasgow and Tony in Edinburgh, which is no bad thing if you are 'straight kind of a guy' which looking back on the records I have my grave doubts about both of them,I am sure they learned to manipulate and decieve from a very young age, the Scots that includes myself have a reputation the world over of being honest and hardworking and very inventive,but I am afraid these two above take the inventive part of things to a new level.:cheers:

Hi All


I never realised the Ocean Heights tender process went back as far as Aug 2005 has anyone ever heard of a tendering proces to last as long !

I think this must be a world record

http://www.gulfconstructionworldwide.com/bkFeaturesF.asp?IssueID=250&Section=1339


Volume: XXVI, No. 8 August 2005

Damac calls construction bids for Ocean Heights Dubai
Damac Properties, a leading property developer in the UAE, is to invite tenders for the construction of the Dh1.5 billion ($408.4 million) 82-storey Ocean Heights tower at Dubai Marina, a top official said.
The company, which announced seven new projects this year, will launch three new towers which will be announced later this year, taking the number of projects to 23. The value of Damac's 20 towers housing 5,000 units is more than Dh8 billion.
Hussain Sajwani, chairman of Damac Holding, developer of the project said: “We are currently finalising the pre-qualifications of main contractors. We will issue tender documents in a few months to the selected contractors for bidding for the projects.”
Ocean Heights will have 672 apartments consisting of one, two and three-bedroom units with prices starting from Dh1.1 million. It will offer spectacular views of the Arabian Gulf and Palm Jumeirah and will be close to the beachfront, hotels, shopping malls, beach clubs, golf courses and other leisure facilities.
Designed by Aedas, Ocean Heights will have a contemporary style that suits the current trends of cosmopolitan Dubai residents. It will provide customers with 24-hour security, a dedicated concierge desk, professional housekeeping services and 700 parking spaces. Damac Properties has awarded a contract to construct its Lake View apartments to Abu Dhabi-based Al Hamed Contracting. :cheers:



Then we had a new one in April 2007


Name : Ocean Heights Tower - Dubai Marina More...
Description : Construction of 82-storey Ocean Heights tower comprising more than (600) residential apartments and (700) parking spaces, including a luxurious temperature-controlled swimming pool, a state-of-the-art gymnasium, a sauna and steam room, a games room and children's play area.
Territory : Dubai
Updated : April 11, 2007
Status : New Tender

So, as of April 2007 new tender is out. Will there be any takers ? no I don't think so this year, they are miles behind on their latests dates they gave us in January 2007 they told us last quarter 2009 it would be completed if they started contruction in Jan 2007 :now they have missed there start date's again do you think we will recieve compensation or will they try the mother of all force majours !

Delivery not before second half of 2011 here.

Hi All


I never realised the Ocean Heights tender process went back as far as Aug 2005 has anyone ever heard of a tendering proces to last as long !

I think this must be a world record




Yep! closer to home, M74 extension up to the Kingston Bridge. I picked up tender documents from Strathclyde Regional Council HQ in 1988. Contract still not awarded!!

Delivery not before second half of 2011 here.

you are quite optimistic :)

I think I know why no contractor wants to get anywhere near this thing.
Unlike infinity where the basic shape of each floor stays the same, just turns a little, in ocean heights they're all different.
I really doubt this is unbuildable as it isn't one of those defies gravity type of designs but will be a pain in the ass to build. Also you can guarantee that once this is above ground it will not be rising 1 floor a week.

Work in progress:

http://img354.imageshack.us/img354/7531/oceanheights1aco8.jpg