So I just received handover notice, settle dues etc and pickup keys but guess what, Damac are outrageously charging an extra AED176000 due " area variation greater than 3 % " !!!! Yes, have a look at your invoices, I am sure that they are hitting all of us with this....I dont have my contract just in front of me as I am travelling but perhaps someone can have a look at this....Damac are crooks but they really out do themselves now, shocking...

They are further asking for AED20000 for service/maintenance fees yearly ( my flat a 3 bed at roughly 1500 sqft ) plus Dubai Land Department registration fee of AED32000.

Damac claim RERA has approved the service fee but I bet Damac will not produce documentary proof to that effect.

The main issue is the claimed "area variation". Damac clearly feel they can get away with this trick betting that the owners wont or cant afford to fight this in court and that Damac then will cease the flat calling for breach in contract due non payment of dues and resell the property onto the open market. We definitively have a fight on our hands now...please share with us on the forum with regards to your handover information from Damac.

Damac is further not offering a snagging inspection prior to handover but needs full payment prior to key handover. There is also only gravel or sand all around the building, poor access whether on foot or in car.

They want an extra how much, 176,000AED or £32,000GBP because they made your apartment more than 3% bigger than what you signed up for!!! I honestly thought I couldnt be surprised anymore with what goes on with developers in Dubai. Well Dubai Investor, you have succeeded where many others have failed, I really am speechless for the first time.

I'ts a disgrace you are being treated this way and a dissapointment from a non investor in this building because I've watched it grow from staying at the Mina Seyahi over many years and admired it's design and position. I really thought it was quite a beautiful design but it's of little benefit if the developer mugs you. Beyond shameful :ohno:

Hi Jeetha


What do you mean lose 30% I thought this building was sold out years ago !

:cheers:

I’m no expert but remember reading it somewhere.

If you do not pay your dues, your developer (Damac) has the obligation to sell your apartment and
take 30% to cover their cost, before returning balanced amount to your bank account.
They may also charge you 30% for that extra space you have not agreed to have (as yet).

for example......If your apartment cost £300,00.00 less £90.000 balance £210,00.00

I believe that’s how it works.

Hi JEETHA


Yes I read that a while back

:cheers:





I’m no expert but remember reading it somewhere.

If you do not pay your dues, your developer (Damac) has the obligation to sell your apartment and
take 30% to cover their cost, before returning balanced amount to your bank account.
They may also charge you 30% for that extra space you have not agreed to have (as yet).

for example......If your apartment cost £300,00.00 less £90.000 balance £210,00.00

I believe that’s how it works.

Values have also dropped 30% behind Original Price for this development. I am of course referring to the secondary market now.

DAMAC always sold expensive and had a slick marketing operation, and poor delivery. That was their Business Model.

Hi Jeetha


What do you mean lose 30% I thought this building was sold out years ago !

:cheers:

I really don't understand this at all. Does the sales contract provide for an increase in the purchase price if the property is built to a larger area than specified in the contract ?? In other words can the purchase price be varied by the developer ??

Most sales contracts have a clause dealing with this issue. It's normally if the size differential is +/- 5% or more that the clause is activated.

There is also sometimes the option to cancel should this arise.

I really don't understand this at all. Does the sales contract provide for an increase in the purchase price if the property is built to a larger area than specified in the contract ?? In other words can the purchase price be varied by the developer ??

Hi Wayne


Realy sorry to hear that they have started to try it on with the first batch
of hand-overs.

Did you get the delay leibor compensation they promised, that may offset some of it.I know not near enough i hear
you say !

:cheers:








They want an extra how much, 176,000AED or £32,000GBP because they made your apartment more than 3% bigger than what you signed up for!!! I honestly thought I couldnt be surprised anymore with what goes on with developers in Dubai. Well Dubai Investor, you have succeeded where many others have failed, I really am speechless for the first time.

I'ts a disgrace you are being treated this way and a dissapointment from a non investor in this building because I've watched it grow from staying at the Mina Seyahi over many years and admired it's design and position. I really thought it was quite a beautiful design but it's of little benefit if the developer mugs you. Beyond shameful :ohno:

Hi Wayne


Realy sorry to hear that they have started to try it on with the first batch
of hand-overs.

Did you get the delay leibor compensation they promised, that may offset some of it.I know not near enough i hear
you say !

:cheers:

Hi Hanna,

Thankfully now I don't have one of these units. I have one under construction in the Marina for my sins.

Hi DUBAI INVESTOR

Realy sorry to hear that they have started to try it on with the first batch
of hand-overs.

Did you get the delay leibor compensation they promised, that may offset some of it.I know not near enough i hear you say !




:cheers:









So I just received handover notice, settle dues etc and pickup keys but guess what, Damac are outrageously charging an extra AED176000 due " area variation greater than 3 % " !!!! Yes, have a look at your invoices, I am sure that they are hitting all of us with this....I dont have my contract just in front of me as I am travelling but perhaps someone can have a look at this....Damac are crooks but they really out do themselves now, shocking...

They are further asking for AED20000 for service/maintenance fees yearly ( my flat a 3 bed at roughly 1500 sqft ) plus Dubai Land Department registration fee of AED32000.

Damac claim RERA has approved the service fee but I bet Damac will not produce documentary proof to that effect.

The main issue is the claimed "area variation". Damac clearly feel they can get away with this trick betting that the owners wont or cant afford to fight this in court and that Damac then will cease the flat calling for breach in contract due non payment of dues and resell the property onto the open market. We definitively have a fight on our hands now...please share with us on the forum with regards to your handover information from Damac.

Damac is further not offering a snagging inspection prior to handover but needs full payment prior to key handover. There is also only gravel or sand all around the building, poor access whether on foot or in car.

Hi Wayne



Good news that you have nothing in the debacle waiting round the corner
for the first batch of investors to get hand-over.




:cheers:

Hi Hanna,

Thankfully now I don't have one of these units. I have one under construction in the Marina for my sins.

Most sales contracts have a clause dealing with this issue. It's normally if the size differential is +/- 5% or more that the clause is activated.

There is also sometimes the option to cancel should this arise.

So what does the Ocean Heights sales contract provide for then ?? If the contract covers the fact that the developer can charge for the 3% extra area, what are you all complaining about ?? :dunno:

Of course if the contract does not provide for this it's a different matter.

I'd have been reluctant to sign a contract myself whereby I could end up paying more that the contractural purchase price. Given today's technology how could they not built to the exact measurements !!

Despite the criticism levied by some forumers here at Select Group, to be fair to them, non of their contracts mention anything about plus or minus size areas and extra payments.

Fair to Select Group? Thats rich. They are probably one of the VERY FEW developers that are worse than DAMAC.

Read any Select Group thread if there is any doubt.

So what does the Ocean Heights sales contract provide for then ?? If the contract covers the fact that the developer can charge for the 3% extra area, what are you all complaining about ?? :dunno:

Of course if the contract does not provide for this it's a different matter.

I'd have been reluctant to sign a contract myself whereby I could end up paying more that the contractural purchase price. Given today's technology how could they not built to the exact measurements !!

Despite the criticism levied by some forumers here at Select Group, to be fair to them, non of their contracts mention anything about plus or minus size areas and extra payments.

Yes I got delay leibor compensation of AED16K something but as mentioned a drop in the ocean compared the variable square feet charge of AED176K.

Like I mentioned in my previous post, I am on the road so no access to my contract so cant verify what the allowance is but I am sure it states 3 % in the SPA, can someone verfy ?

So Damac wants me to take their word on this, not allowed to step into flat to measure, snag, nothing till they fully paid up.

I seem to recall RERA or some source stating that a developer is not allowed to charge extra for variable square footage so I am now researching that issue, any input or info on greatly appreciated.

I suggest you all have a look at the Lake View thread in the completed section. We all went through this bulls*%t from Damac two years ago. RERA finally told Damac to drop the excess charge for excess area as it was against the law. Unfortunately the deliberate miscalculation of Libor compensation came up against the Damac brick wall.

You will probably find that even if you do pay for the excess area, when you get access to your apartment, the actual area may well be significantly less than the original contracted area - you should have actually been compensated by Damac rather than charged extra!

Hanna had it right all along regarding Damac.....

Yes I got delay leibor compensation of AED16K something but as mentioned a drop in the ocean compared the variable square feet charge of AED176K.

Like I mentioned in my previous post, I am on the road so no access to my contract so cant verify what the allowance is but I am sure it states 3 % in the SPA, can someone verfy ?

So Damac wants me to take their word on this, not allowed to step into flat to measure, snag, nothing till they fully paid up.

I seem to recall RERA or some source stating that a developer is not allowed to charge extra for variable square footage so I am now researching that issue, any input or info on greatly appreciated.

Maybe this will help?

http://www.emirates247.com/property/real-estate/property-owners-get-less-than-promised-2010-10-20-1.306485

As I understand it (but who knows the truth in Dubai), the developer cannot ask you for more money if they built the property bigger than you ageed in your SPA.

Thanks Flintbug.

I am reading thru the Lakeview thread now. You guys went thru quite an ordeal but the info in that thread is answering a lot of questions and all the work you did will be very valuable for the owners of Ocean Heights.

I cant believe Damac is up to the same tricks again. I highly recommend any Ocean Heights owners have a read thru the Lakeview thread before handing over any cash or sign any documents with regards to Ocean Heights..

Thanks Flintbug.

I am reading thru the Lakeview thread now. You guys went thru quite an ordeal but the info in that thread is answering a lot of questions and all the work you did will be very valuable for the owners of Ocean Heights.

I cant believe Damac is up to the same tricks again. I highly recommend any Ocean Heights owners have a read thru the Lakeview thread before handing over any cash or sign any documents with regards to Ocean Heights..


Can't you go to the news paper's?Where abouts in the world are you ?

Shouldn't this be moved to the completed section?

DI, I too have received a notice of completion from Damac.
I can confirm that clause 12.2 of the SPA states that if the area of the unit differs +/- 3% the purchase price of the same will be adjusted accordingly.

However there is a section on the SPA regarding inspection, which again to paraphrase states that you can have access once between notice of completion and final completion. O yea, they promise to fix your snag list but you cannot hold back on payment you just have to take their word that they will fix same!!!

All the "rules" are completely stacked in favour of Damac.
My final statement received lists a LIBOR debit that is not substantiated and in my opinion incorrect. Also they have listed some random penalties that I haven’t a clue what they are. They just expect me to pay them and say nothing. If it wasn’t so serious is laughable.

Luckly enough I have not been charged for area variation but they have "got me" with some sneaky stuff!








Yes I got delay leibor compensation of AED16K something but as mentioned a drop in the ocean compared the variable square feet charge of AED176K.

Like I mentioned in my previous post, I am on the road so no access to my contract so cant verify what the allowance is but I am sure it states 3 % in the SPA, can someone verfy ?

So Damac wants me to take their word on this, not allowed to step into flat to measure, snag, nothing till they fully paid up.

I seem to recall RERA or some source stating that a developer is not allowed to charge extra for variable square footage so I am now researching that issue, any input or info on greatly appreciated.

So what does the Ocean Heights sales contract provide for then ?? If the contract covers the fact that the developer can charge for the 3% extra area, what are you all complaining about ?? :dunno:

Of course if the contract does not provide for this it's a different matter.

I'd have been reluctant to sign a contract myself whereby I could end up paying more that the contractural purchase price. Given today's technology how could they not built to the exact measurements !!

Despite the criticism levied by some forumers here at Select Group, to be fair to them, non of their contracts mention anything about plus or minus size areas and extra payments.

I agree, if it is in the agreement that they signed then they have little to complain about apart from the unwelcome surprise. I would insist that they provide the measurements or dimensioned plans to have it verified before paying, especially after the comments from other Damac owners about the sizes being dubious. The clause should read that the first 3% should be free then you pay for anything over 3%. Worth an argument as no one else is paying the first 3%, why should you be treated differently.

Looks like this 3 bedder is about 170ft larger than the 1500ft it was sold as. To be honest 1500ft for a 3 bedder is tiny and I would welcome a bit more space if it was a prime unit. 20k maintenance looks fair...ish at 12AED/ft.

As for the comments about Select not having the size variation clause, that would be a disaster for the buyer if it were 10% less area than the S&P agreement.

I agree, if it is in the agreement that they signed then they have little to complain about apart from the unwelcome surprise. I would insist that they provide the measurements or dimensioned plans to have it verified before paying, especially after the comments from other Damac owners about the sizes being dubious. The clause should read that the first 3% should be free then you pay for anything over 3%. Worth an argument as no one else is paying the first 3%, why should you be treated differently.

Looks like this 3 bedder is about 170ft larger than the 1500ft it was sold as. To be honest 1500ft for a 3 bedder is tiny and I would welcome a bit more space if it was a prime unit. 20k maintenance looks fair...ish at 12AED/ft.

As for the comments about Select not having the size variation clause, that would be a disaster for the buyer if it were 10% less area than the S&P agreement.

My Select SPA (clause 8.2) for BC does state the less than 5% rule - no change to purchase price. If difference greater than 5% then purchase price will be increased or decreased proportionally (difference to be paid/credited on final payment).

^^Are you saying Morrismarina, the president of the ministry of missinformation, was talking rubbish? Surely not!:lol:

video from today

6QUQ7e_QUtQ

Re Video;

The materials and finish looks good, and the seperate laundry/store room is a big plus. Minus has to be that guest wc, do you have to stand on the wc to shut the door? That's assuming the door closes past that wc.

My Select SPA (clause 8.2) for BC does state the less than 5% rule - no change to purchase price. If difference greater than 5% then purchase price will be increased or decreased proportionally (difference to be paid/credited on final payment).

Well my BC contract did not have that clause at all. No way. :eek:

So in this example if the developer built the property 100% larger then they could double the purchase price ??

Well my BC contract did not have that clause at all. No way. :eek:

So in this example if the developer built the property 100% larger then they could double the purchase price ??

The clause isn't in my contract either so it's either a mistake or the clause was added for sales after we bought our units in BC

^^And the layouts have changed in BC so I believe! Win or lose, It's now a lottery.

Video of the leisure deck that I took today - it was incredibly impressive, very much like a hotel. All the facilities should be ready by 16th February...

http://www.facebook.com/video/video.php?v=1261313109569&saved#!/video/video.php?v=1261295029117

Re Video;

The materials and finish looks good, and the seperate laundry/store room is a big plus. Minus has to be that guest wc, do you have to stand on the wc to shut the door? That's assuming the door closes past that wc.


The oven and fridge look a bid dodgey, it didnt look to me as if the oven door would clear the fridge when open.Although it wasn't that clear i though the grouting looked a bit rough....

The clause isn't in my contract either so it's either a mistake or the clause was added for sales after we bought our units in BC

Or somebody's telling porky pies ?? :dunno:

Video of the leisure deck that I took today - it was incredibly impressive, very much like a hotel. All the facilities should be ready by 16th February...

http://www.facebook.com/video/video.php?v=1261313109569&saved#!/video/video.php?v=1261295029117

It all looks fantastic, really good work, very luxurious

So I spent the last 4 hours going thru the Lakeview thread in the COMPLETED SECTION and they were also randomly hit by "variable area surcharges" which they in they end managed to defeat, mainly due Property Law 13, which states a developer cannot charge extra for increased space but may be liable to compensate they buyer if the unit is found to be smaller. For those of the buyers in Lakeview who had paid the area increase surcharge, Damac eventually reimbursed them. I intend to write Damac and point this out of course.

Further, the handover document requesting final payment is alluding to "we are now in possession of the Completion Certificate " whatever that means. I fully believe that Damac may have some document they call Completion Certificate but that it is not the contractual document specified in our contracts which states "the date upon which the property is completed as per the drawing as certified by the PROJECT CONSULTANT ". This is an important point as Damac is desperate for cash and are intending to rush the handover of the flats to fill the company's most likely empty coffers. Moving in to a building without a proper Completion Certificate means many labourers are still on site working on common areas and unfinished flats. I believe the Completion Certificate Damac is boasting of having is an Occupancy Certificate, something from the master developer or Dubai municipality to the effect that the building is safe to live in, not completed. The warranty period of the flats should commence at date of the actual, real, Completion Certificate as certified by the PROJECT CONSULTANT, not at handover or any other bogus Damac document. Ask to see this Damac "Completion Certificate" and I bet they will refuse to disclose it.

Another reason Damac will want to rush the investors into the building is also due the longer delay, the more of delay compenstaion they have to fork out ( yes, I would like to know how they calculated this amount, seems ridiculously low ). This is all standard Damac stuff, rushing people into an unfinished building. And I bet you they will use the service/maintenace fees we pay upon handover to finish the building and not for funds intended use. We of course will have little insight into this as the FM company is another offspring of the Damac swamp monster.

But great, the building is nearing completion, a long wait ! Upon my purchase back in 2004 my purchase receipt said completion March 2007, consequently changed to Dec 2008 once the actual contract arrived and here we are in Jan 2011.

[Interesting, I too will ask to see the completion cert.

They are complete sh1ts, I have been hit with penalties for late payments. I guess I was a few days late here and there but in many instances it was Damac who could not correctly allocate my funds deposited in their a/c. Now I am expected to accept the date that they "claim" they received funds as fact, i.e. they are penalising me for their inefficencies(or efficencies in their view). Therefore now the onus is on me to thrawl through all my paperwork and build a case to show payments where made on time. This is a joke, goodwill my back side!!!


I know I know, buyer beware and all that, but these guys are nothing but crooks and have zero respect for their clients.


=DUBAI INVESTOR;70976605]So I spent the last 4 hours going thru the Lakeview thread in the COMPLETED SECTION and they were also randomly hit by "variable area surcharges" which they in they end managed to defeat, mainly due Property Law 13, which states a developer cannot charge extra for increased space but may be liable to compensate they buyer if the unit is found to be smaller. For those of the buyers in Lakeview who had paid the area increase surcharge, Damac eventually reimbursed them. I intend to write Damac and point this out of course.

Further, the handover document requesting final payment is alluding to "we are now in possession of the Completion Certificate " whatever that means. I fully believe that Damac may have some document they call Completion Certificate but that it is not the contractual document specified in our contracts which states "the date upon which the property is completed as per the drawing as certified by the PROJECT CONSULTANT ". This is an important point as Damac is desperate for cash and are intending to rush the handover of the flats to fill the company's most likely empty coffers. Moving in to a building without a proper Completion Certificate means many labourers are still on site working on common areas and unfinished flats. I believe the Completion Certificate Damac is boasting of having is an Occupancy Certificate, something from the master developer or Dubai municipality to the effect that the building is safe to live in, not completed. The warranty period of the flats should commence at date of the actual, real, Completion Certificate as certified by the PROJECT CONSULTANT, not at handover or any other bogus Damac document. Ask to see this Damac "Completion Certificate" and I bet they will refuse to disclose it.

Another reason Damac will want to rush the investors into the building is also due the longer delay, the more of delay compenstaion they have to fork out ( yes, I would like to know how they calculated this amount, seems ridiculously low ). This is all standard Damac stuff, rushing people into an unfinished building. And I bet you they will use the service/maintenace fees we pay upon handover to finish the building and not for funds intended use. We of course will have little insight into this as the FM company is another offspring of the Damac swamp monster.

But great, the building is nearing completion, a long wait ! Upon my purchase back in 2004 my purchase receipt said completion March 2007, consequently changed to Dec 2008 once the actual contract arrived and here we are in Jan 2011.[/QUOTE]

I have checked the LIBOR rate that Damac have paid as a penalty rate and it is calculated at .03% and I believe this to be correct.

Can anyone tell me when the LIBOR 90 day rate is quoted as .03. Is this .03 per annum or is it .03 for the 90 days? I think its per annum but would like clarification if possible.

Of course the penalty rate for late payment of funds to Damac is 1% per month. i.e. approx 12% per year for Damac v .03% per year for the client (I use this word advisedly), should of said ".03% per year for the mugs"

So I spent the last 4 hours thru the Lakeview thread in the COMPLETED SECTION and they were also randomly hit by "variable area surcharges" which they in they end managed to defeat, mainly due Property Law 13, which states a developer cannot charge extra for increased space but may be liable to compensate they buyer if the unit is found to be smaller. For those of the buyers in Lakeview who had paid the area increase surcharge, Damac eventually reimbursed them. I intend to write Damac and point this out of course.

Further, the handover document requesting final payment is alluding to "we are now in possession of the Completion Certificate " whatever that means. I fully believe that Damac may have some document they call Completion Certificate but that it is not the contractual document specified in our contracts which states "the date upon which the property is completed as per the drawing as certified by the PROJECT CONSULTANT ". This is an important point as Damac is desperate for cash and are intending to rush the handover of the flats to fill the company's most likely empty coffers. Moving in to a building without a proper Completion Certificate means many labourers are still on site working on common areas and unfinished flats. I believe the Completion Certificate Damac is boasting of having is an Occupancy Certificate, something from the master developer or Dubai municipality to the effect that the building is safe to live in, not completed. The warranty period of the flats should commence at date of the actual, real, Completion Certificate as certified by the PROJECT CONSULTANT, not at handover or any other bogus Damac document. Ask to see this Damac "Completion Certificate" and I bet they will refuse to disclose it.

Another reason Damac will want to rush the investors into the building is also due the longer delay, the more of delay compenstaion they have to fork out ( yes, I would like to know how they calculated this amount, seems ridiculously low ). This is all standard Damac stuff, rushing people into an unfinished building. And I bet you they will use the service/maintenace fees we pay upon handover to finish the building and not for funds intended use. We of course will have little insight into this as the FM company is another offspring of the Damac swamp monster.

But great, the building is nearing completion, a long wait ! Upon my purchase back in 2004 my purchase receipt said completion March 2007, consequently changed to Dec 2008 once the actual contract arrived and here we are in Jan 2011.

OMG, Look at the video again. How do you get into the cloakroom and close the door? There is no room whatsoever, the door doesnt open past the loo! The kitchen is tiny and with no fitted fridge/freezer, the kitchen draws open up on to the side of the fridge? The balcony is unusable as you couldnt even get a chair on it. Shocking....:ohno:

OMG, Look at the video again. How do you get into the cloakroom and close the door? There is no room whatsoever, the door doesnt open past the loo! The kitchen is tiny and with no fitted fridge/freezer, the kitchen draws open up on to the side of the fridge? The balcony is unusable as you couldnt even get a chair on it. Shocking....:ohno:

I'm not shocked by tiny rooms space at all - if people buy a small apartmet they get a small apartment where things need to be cramped and compromised to a certain extend. more space is obviously a question of price, but you can alway go bigger if you have the desire to do so.... and the cash!

Or somebody's telling porky pies ?? :dunno:

Why would I lie?

I gave you the exact clause number - maybe it wasn't in the West contract. But it certainly is in mine for the Central tower.

Have you still got an interest in Bay Central Morris? Have you still got the contract to hand?

Apologies to all OH investors/residents - we should continue this BC discussion in the BC thread! But Select are wannabe Damac developers in the way they treat their customers. So we learn the playbook in the Damac threads!

I'm not shocked by tiny rooms space at all - if people buy a small apartmet they get a small apartment where things need to be cramped and compromised to a certain extend. more space is obviously a question of price, but you can alway go bigger if you have the desire to do so.... and the cash!

^^Which probably explains why some of the apartments turned out bigger than the sales size. The 3 bed at 1500ft does not match the overall quality of this tower and deserves to be bigger.

Watched the facebook video and the quality is simply stunning, obviously this is the current Damac flagship development. This should help sales in OH2 if they can guarantee this as a minimum. Damac are shit at customer care but they should be congratulated for doing a good job here and helping to boost a market plagued with mediocre quality.

Hi all,

I wanted to check a couple of things with people who have properties in other developments in Dubai:


Is 28K AED normal for unit registration and title deed fee for a 900 sqft apartment? How is this calculated?

The service charges come to approx 14 AED/sqft per year. Is that normal?


Cheers.

The unit reg fee depends on the purchase price of your apt.
It should represent 1.5% of the purchase price + 930 admin.

Service charge appears to be ok


Hi all,% of the purchase price
I wanted to check a couple of things with people who have properties in other developments in Dubai:


Is 28K AED normal for unit registration and title deed fee for a 900 sqft apartment? How is this calculated?

The service charges come to approx 14 AED/sqft per year. Is that normal?


Cheers.

The unit reg fee depends on the purchase price of your apt.
It should represent 1.5% of the purchase price + 930 admin.

Service charge appears to be ok

Why 1.5%, and not 1%?

According to:
http://www.dubailand.gov.ae/ld_website/english/Misc/Fees_English.aspx

"Registering Partial & Full sales
1% of the value of the purchase charged upon the buyer if purchase is conducted below market rates"

^^Which probably explains why some of the apartments turned out bigger than the sales size. The 3 bed at 1500ft does not match the overall quality of this tower and deserves to be bigger.

Watched the facebook video and the quality is simply stunning, obviously this is the current Damac flagship development. This should help sales in OH2 if they can guarantee this as a minimum. Damac are shit at customer care but they should be congratulated for doing a good job here and helping to boost a market plagued with mediocre quality.

Agree TB, the video on facebook is fantastic and the facilities/fixtures and fittings etc are probably the best I've seen

Hi



I don't think that price looks right !




:cheers:



Hi all,

I wanted to check a couple of things with people who have properties in other developments in Dubai:


Is 28K AED normal for unit registration and title deed fee for a 900 sqft apartment? How is this calculated?

The service charges come to approx 14 AED/sqft per year. Is that normal?


Cheers.

more from yesterday lobby area

1FAo8aQrZ28

pool area

ysy9YO76Atc

Lesiure deck

Y9kCWCrT_EQ

Why 1.5%, and not 1%?

According to:
http://www.dubailand.gov.ae/ld_website/english/Misc/Fees_English.aspx

"Registering Partial & Full sales
1% of the value of the purchase charged upon the buyer if purchase is conducted below market rates"

According to my info, and no, I cant back it up thru any legislation ( yet ! ), any PSA, purchase sales agreement entered into before 2006, the DLD, Dubai Land Department, reg fee is 1.5 % of purchase fee, post 2006 it is 1.0 %.

However, if we have pay to the DLD reg fee thru Damac, as per contract, then we are at the mercy of Damac and they could in theory charge whatever they wanted, even beyond the contractual figure. I tried to find out if DLD would accept me to register the property directly with them avoiding Damac and therefore paying less and getting my hands on the deed quicker but that practice seems to have ceased, a shame as I hate to hand over any extra money to Damac. I know people who are still waiting for their title deeds on other Damac properties despite paying in full more than a year ago.

DLD/RERA"s practice of having us pay to the developer for property registartion/title deed and not directly to DLD constitutes a risk as their are no guarantees these funds will ever reach DLD ! What happens if Damac folds in the process or all of a sudden comes up with another ridiculous surcharge a la " excess area variation" ? Your money hostage, may never see them, possibly have to pay DLD the fee all over again ?? I am not trying to be overly negative, just pointing out the risks faced with the current mechanism.

I intend to try pay DLD directly but I think it will be an uphill battle. The main issue is still the " area varition " issue. Illegal per Dubai law but Damac trying it on anyway.

And finally some good news, DU ( phone/internet ) is available to the building, at least per the DU website. The jury still out on the air conditioning, run by PDC, awaiting answer. And I understand pre inspections ARE avaialble to check the flats so I retract my earlier statement.

very cool movies
gives a bit a view of how it is/will be there..
looking good so far

Price on SPA is listed @ 1.5% for OH.

But as pointed out previously by DI, the extra 0.5% is a nice little earner for Damac!

Why 1.5%, and not 1%?

According to:
http://www.dubailand.gov.ae/ld_website/english/Misc/Fees_English.aspx

"Registering Partial & Full sales
1% of the value of the purchase charged upon the buyer if purchase is conducted below market rates"

^^ OK, thanks for the info Rafbor & Dubai_Investor. I think my contract says the fee is 1% but will have to check later..

I also have to check how they calculated the late completion penalties for Damac.

The building and facilities look pretty good at first look.

Anyone willing to remind us what the original sales prices were back in 2005?

Those extra videos are great. I like the large barby outdoor kitchen, ideal for those sunset vistas.

Well done all owners here.

Apart from personal preference on location. I'm sure all will be very very happy here.

All the facilities are wow.:banana:

Hi


I know that price is not right 28,000 !



:cheers:









^^ OK, thanks for the info Rafbor & Dubai_Investor. I think my contract says the fee is 1% but will have to check later..

I also have to check how they calculated the late completion penalties for Damac.

The building and facilities look pretty good at first look.

Anyone willing to remind us what the original sales prices were back in 2005?


I would also be interested in Damac's prices now. From their web site, it looks like they are still selling apartments in this tower.

Anyone in Dubai able to get the current price list from Damac?

Hi

I know that price is not right 28,000 !

:cheers:

OK, thanks Hanna, will check from my contract and with Damac...

Hi


Should be around 11,000 - 12,000dhms





:cheers:


OK, thanks Hanna, will check from my contract and with Damac...

Prices in 2005 as today varied greatly depending on aspect.
Beach facing units were circa AED 2000-3000/per sq ft.
Other units were circa 1000-2000/sq ft with the cheapest units at rear of the development.

Anyone willing to remind us what the original sales prices were back in 2005?

Those extra videos are great. I like the large barby outdoor kitchen, ideal for those sunset vistas.

Hi

I own a 1 bedroom unit,
Received my statement from Damac
A crazy penalty,title deed etc (waiting for Damac to advise how they got to those figures)
but i got a 103aed credit for delayed :(



Any advise on rentals, resales and agents....

The communal facilities in the video are absolute superb. You guys really ought to consider short term rentals.If you really want to maximise your profit potential then get in touch with me.That development will fly to holiday makers , providing you do it right of course......read my posts, ive lots of experience in this field.....I will get you much more money than a long term tenant will bring even after all costs are taken out, and you can use it yourself...win win situation........you know it makes sense:)

Knowing Damac.... they will charge extra for your already paid facilities.

Law No. (13) of 2008
Regulating the Interim Real Estate Register in the Emirate of Dubai


Article (12)

The area of a sold Real Estate Unit is correct. If the unit turns out to be bigger on
completion, the developer may not claim the difference in value and if the unit
turns out to be smaller then the developer must compensate the purchaser for
the difference unless it is marginal in which case the developer would not be
required to compensate the purchaser for the shortfall in the area.


Article (13)

When the Department finds that a developer or Broker has committed an act or
omission that constitutes an offence under this Law or other legislation in force,
the Director General shall prepare a report and refer the matter to the competent
investigating authorities.

Thats good information, then you guys shouldnt be paying any difference....

The law was mandated in 2008 and probably not enacted until 2010, the agreements were signed in 2005 or thereabouts so I would doubt that it can be applied retrospectively.

It's a bit like getting charged by the police for doing 75 in a 70 zone and the law changes later to regulate the speed to 50. When you appear in court they can not apply the new limit of 50mph. Hope that makes sense.

In other words, they were acting lawfully when they introduced the size variation clause. Obviously a solicitor will advise if you have a case but I think not. Just my opinion.

Grey area if you bought a resale and signed a new agreement after the law was enacted.

The law was mandated in 2008 and probably not enacted until 2010, the agreements were signed in 2005 or thereabouts so I would doubt that it can be applied retrospectively.

It's a bit like getting charged by the police for doing 75 in a 70 zone and the law changes later to regulate the speed to 50. When you appear in court they can not apply the new limit of 50mph. Hope that makes sense.

In other words, they were acting lawfully when they introduced the size variation clause. Obviously a solicitor will advise if you have a case but I think not. Just my opinion.

Grey area if you bought a resale and signed a new agreement after the law was enacted.


IMHO I think you are wrong here TB - once the law has been published in the official gazzette then it is the law (in about 30 days).

I think the argument to use is that in most SPAs there probably is a clause that states and "adhere to all applicalble laws in the UAE". You could use this, with the new OQood system that registered the properties to claim that the develper cannot selectively choose which laws are applicable or not.

As you say a grey area - I really hope not to find myself in this position. All the best if you are.

To be fair, I could argue both sides with gusto. So if I was a buyer and I wanted to dispute this overcharge, I might say that the new law is a yardstick to measure how fair this clause is in view of the fact that the developer has gone well above the marginal increase that would be reasonably expected.

There is also the point that most SPA's have a clause which states that the developer must build the apartment substantially in accordance with the plans and the agreement. At what percentage adjustment does it cease to be substantially in accordance with the plans?

Apart from this I am sure I am right from knowledge aquired through time and experience. I was held to 2% property registration fee despite the law stating the developer should pay 1%, and all because I signed to agree to this in 2005 prior to the law being drafted.

It's not clear cut so you could argue and loose more money so I would suggest negotiation.:)

Oops! forgot Damac are shit at compromise and customer care.

5ERuMGYShEo

26/January/2011

Ocean Heights

http://i53.tinypic.com/29gleup.jpg

http://i56.tinypic.com/148dxqs.jpg

today

_pa3UZgE5KE

No it is a 1 bed.

I think this is a studio apartment not a 1 bedroom,
It is 1 bedroom.

You can see that on the balcony at 3:16 that are 2 doors, also at 2:17 it enters very fast in the bedroom. (also that it have an extra bathroom)

P.S.
My favorite building here. (probably until Pento is finished) :cheers2:

2 bed. :) (nice ocean and marina view)
fgIwDEVNeNg

DONE!

3% extra area on a 1 bedroom is roughly 150mm error on each face of a square 9.5m x 9.5m (approx) room. (i.e. 6 inches error on each face for a 30x30ft square room).

What a joke.

We can't wait for official press media to confirm that Ocean Heights tower completed as torres and luiz right now on medical check :D FOR BLUEZ

http://cdnmo.coveritlive.com/media/image/201101/php6ITOpW180536_1626019375265_1379947727_31553449_1631213_n.jpg

3% extra area on a 1 bedroom is roughly 150mm error on each face of a square 9.5m x 9.5m (approx) room. (i.e. 6 inches error on each face for a 30x30ft square room).

What a joke.

It's not an error, it is the difference between "preliminary" stage and "for construction" stage. Anyone who has ever been involved in construction is familiar with those 2 distinct stages of the design process, preliminary and for construction.

The units are sold off plan from the preliminary drawings. That's why there has to be an allowance for essential changes affecting the final layout and resultant size.

It would therefore be very easy for Damac to provide exact drawings after essential changes and have the area exactly calculated to RICS standards. However have any of you investors been provided with this type of reasonable backup evidence or are you just going to hand over thousands extra on their say so? If it turns out to be an error and the actual dimensions are far less than they claim you can expect the typicalresponse from damac of 'take us to court'

f7k_icDH1j4

sRoUJiJ7ri8

31f4-hi-RX0

Problems!!

q1tbP7S4CTE

HAVE 2 X APARTMENTS IN OCEAN HEIGHT.
HAVE JUST BEEN GIVEN FINAL INVOICE WITH EXTRA 460K AED EACH FOR ADDED AREA.
DID NOT ASK FOR IT, DID NOT SIGN FOR IT....DONT WANT IT.
DAMAC ARE CROOKS...:bash:
ARE APPOINTING A LAWYER TO HANDLE AS THE LAW STATES 5% +/- AREA VARIATION.
NOT 20%:ohno:
HAVE MADE FINAL PAYMENTS ONLY AS ADVISED.
NO SERVICE CHARGE OR LAND FEE AS THIS SHOULD ONLT BE DONE ON HANDOVER AND DAMAC ARE NOT PREPARED TO DO.
LETS SEE HOW THE LAW IS NOW IN DUBAI.:nono:
ANYBODY WANT TO JUMP ON THE BAND WAGON, I CAN GIVE DETAILS OF LAWYER WHO STATES WE HAVE CASE.
STRENGTH IN NUMBERS AND ALL THAT.

Hi


I have been saying they are crooks for years !


Good luck with your case.

Thanks for your post and info I thought the new law was 3% +/- learn
something every day.

Lucky the didn't touch me for extra area charge or I would have been joining you !



:cheers:







HAVE 2 X APARTMENTS IN OCEAN HEIGHT.
HAVE JUST BEEN GIVEN FINAL INVOICE WITH EXTRA 460K AED EACH FOR ADDED AREA.
DID NOT ASK FOR IT, DID NOT SIGN FOR IT....DONT WANT IT.
DAMAC ARE CROOKS...:bash:
ARE APPOINTING A LAWYER TO HANDLE AS THE LAW STATES 5% +/- AREA VARIATION.
NOT 20%:ohno:
HAVE MADE FINAL PAYMENTS ONLY AS ADVISED.
NO SERVICE CHARGE OR LAND FEE AS THIS SHOULD ONLT BE DONE ON HANDOVER AND DAMAC ARE NOT PREPARED TO DO.
LETS SEE HOW THE LAW IS NOW IN DUBAI.:nono:
ANYBODY WANT TO JUMP ON THE BAND WAGON, I CAN GIVE DETAILS OF LAWYER WHO STATES WE HAVE CASE.
STRENGTH IN NUMBERS AND ALL THAT.

HAVE 2 X APARTMENTS IN OCEAN HEIGHT.
HAVE JUST BEEN GIVEN FINAL INVOICE WITH EXTRA 460K AED EACH FOR ADDED AREA.
DID NOT ASK FOR IT, DID NOT SIGN FOR IT....DONT WANT IT.
DAMAC ARE CROOKS...:bash:
ARE APPOINTING A LAWYER TO HANDLE AS THE LAW STATES 5% +/- AREA VARIATION.
NOT 20%:ohno:
HAVE MADE FINAL PAYMENTS ONLY AS ADVISED.
NO SERVICE CHARGE OR LAND FEE AS THIS SHOULD ONLT BE DONE ON HANDOVER AND DAMAC ARE NOT PREPARED TO DO.
LETS SEE HOW THE LAW IS NOW IN DUBAI.:nono:
ANYBODY WANT TO JUMP ON THE BAND WAGON, I CAN GIVE DETAILS OF LAWYER WHO STATES WE HAVE CASE.
STRENGTH IN NUMBERS AND ALL THAT.

Well advised! Made sure you are not breaching your side of the agreement or
you could have your sale agreement cancelled.

20% is a massive margin of increase, if you win it will be a terrific bonus.

http://img714.imageshack.us/img714/3800/dsc01875a.jpg[/URL][/QUOTE]

hoooOoooooo:nuts:

Can you just imagine the view ? ...

yeah i know GTR, tell me about it.
would prob b better standard n all.

http://img714.imageshack.us/img714/3800/dsc01875a.jpg[/URL]

hoooOoooooo:nuts:

Can you just imagine the view ? ...[/QUOTE]

if only it would have turned out like thatm))

Facilities look a bit mean considering this is what 80 something floors?! 6 month waiting list for the running machine. What are the 1 beds going for in rental terms. You can rent very nice serviced apartments at say Gloria for 75k/yr cleaned 3 times a week and 53 machines to choose from in the gym and huge pool with stunning palm views. So I'm guessing 55k unfunished for these??

Hi


I bedded been quoted 75k/year for 1 bedded in Ocean Heights must be
down to the excellent location and facilities in and around it, and in the
complex itself.




:cheers:









Facilities look a bit mean considering this is what 80 something floors?! 6 month waiting list for the running machine. What are the 1 beds going for in rental terms. You can rent very nice serviced apartments at say Gloria for 75k/yr cleaned 3 times a week and 53 machines to choose from in the gym and huge pool with stunning palm views. So I'm guessing 55k unfunished for these??

Anybody else having extra area variation issues with damac ??
what was and is size now ???
how much extra are they charging ????
are you gonna pay or contest ?????

First upbeat post from Hanna:) The market must be changing.

your erse :lol:











First upbeat post from Hanna:) The market must be changing.

18/February/2011

Ocean Heights, its ready but around the tower still desert..

http://i55.tinypic.com/2qjx2tz.jpg

http://i51.tinypic.com/2ebrdk3.jpg

http://i56.tinypic.com/2i0c0vs.jpg

http://i54.tinypic.com/21ot15l.jpg

http://i53.tinypic.com/22yu06.jpg

http://i52.tinypic.com/kce3d4.jpg

http://i52.tinypic.com/2pr8ck4.jpg

http://i56.tinypic.com/2lbp8qe.jpg

http://i54.tinypic.com/33f97k5.jpg

http://i52.tinypic.com/zvtpx4.jpg

...............

How much are the 2BR sea view rented for? Anyone has 1 apartment available?

Anybody else having extra area variation issues with damac ??
what was and is size now ???
how much extra are they charging ????
are you gonna pay or contest ?????

Yes I hear about 200 flats are being charged excess fees, I am one of them. I am contesting. I am not sure going down the legal route the best option. It will be expensive ( AED 30K just to file the case plus laywers fees ) and time consuming with an uncertain outcome. A more effective way would be to spend 10K to get ahold of the OH onwers list and do a mass email stirring things up. With numbers we stand a chance. For info, Damac is monitoring this site daily, dont advertise your tactics here, please pm instead...

http://farm6.static.flickr.com/5294/5475412066_53219db6b7_b.jpg

28/February/2011

Ocean Heights

http://i52.tinypic.com/a4opbn.jpg

http://i56.tinypic.com/28ic4tw.jpg

http://i51.tinypic.com/mt17av.jpg

26/02

http://i54.tinypic.com/2qib86c.jpg

http://i54.tinypic.com/9isd8h.jpg

Hi


I bedded been quoted 75k/year for 1 bedded in Ocean Heights must be
down to the excellent location and facilities in and around it, and in the
complex itself.




:cheers:

Well I see they are asking 60k on dubizzle yesterday so reckon 55k is about right.

http://dubai.dubizzle.com/property-for-rent/residential/apartmentflat/2011/3/31/deal-of-the-day-final-price-will-go-quickl-2/?back=cHJvcGVydHktZm9yLXJlbnQvcmVzaWRlbnRpYWwv&ps=2&listed_by=&bedrooms__gte=0&bathrooms__lte=&bedrooms__lte=12&furnished=&is_search=1&size__lte=&price__gte=&places__id__in=Enter+Location%28s%29+Here&places__id__in=&keywords=ocean+heights&size__gte=&is_basic_search_widget=0&price__lte=&bathrooms__gte=

Well I see they are asking 60k on dubizzle yesterday so reckon 55k is about right.

http://dubai.dubizzle.com/property-for-rent/residential/apartmentflat/2011/3/31/deal-of-the-day-final-price-will-go-quickl-2/?back=cHJvcGVydHktZm9yLXJlbnQvcmVzaWRlbnRpYWwv&ps=2&listed_by=&bedrooms__gte=0&bathrooms__lte=&bedrooms__lte=12&furnished=&is_search=1&size__lte=&price__gte=&places__id__in=Enter+Location%28s%29+Here&places__id__in=&keywords=ocean+heights&size__gte=&is_basic_search_widget=0&price__lte=&bathrooms__gte=

We have few clients they ask 75-80K for a 1 BR here but we havent got a single call for it, probably they will realise that the real price is around 60K now...

^^ Which view and which floor?

Around mid floors and partial sea view.

Also I see 2 BR's for 140-150K with sea view , someone has rented out anything there?

Finally 1 BR was rented out for 60.000 Dhs/year with 1 chq , mid floor at the Tamani Hotel side.

:cheers:

Why the lack of demand is it because of the bad location too far from the marina front?

Why the lack of demand is it because of the bad location too far from the marina front?

Location is ok but the problem is the access road, same problem as the Sulafa,Marina Crown etc..

Market is interesting, I got a client today who wants 1 BR either Ocean Heights or The Torch and willing to pay 70-75K with 4 cheques:)

Anyone have a night photo with the new lights on?

I am taking Damac to court and interested in anyone doing it too, particularly any group action.

http://i53.tinypic.com/xcri52.jpg

http://i54.tinypic.com/5ouxxx.jpg

Hi All,

Looking for a sea view 2 bed in here. Client has a good budget so please contact me if you are looking to rent.

Thanks,
Shazz
LIH Group
050 860 7248
shazz@lih-group.com

We have Silverene to be handed over soon. Same builders Arabtec as OH. Is 2000 AED worth paying for snagging? Was snagging needed at Ocean Heights?

Seen the apartment & looks fine to me.
Now I’m thinking about the whole snagging situation.
Is it really needed? Or just waste of money.


Any answers would be appreciated.

Is 2000 AED worth paying for snagging?


NOT! For 2000 AED (maybe bit more) you can buy a ticket,visit your property and enjoy few days in Dubai , you can do the snagging yourself , I saw the Silverene finishing , looks perfect so dont waste your money :)

Thanks Imre.

:lol:NOT! For 2000 AED (maybe bit more) you can buy a ticket,visit your property and enjoy few days in Dubai , you can do the snagging yourself , I saw the Silverene finishing , looks perfect so dont waste your money :)

Wow thats a cheap flight and hotel :lol:

Damac have put two enormous neon boards on two sides of Ocean Heights' podium today. One Arabic, one English. They show the linup of Damac buildings todether with the Damac logo in giant font.

At first sight I was sceptical thinking advertising would compromise the overall look of the building, or the area.

However, it actually looks pretty cool. The design is nice, and it adds a bit of big-city-nightlife appeal to the area.

Damac have done a very good job anyway when it comes to contributing to the night looks of the tallest block with the great lighting on Ocean Heights (assuming the will sort out the few technical issues with the color-changing stripes soon).

I see the new billboard as an addition to that really - knowing that some people might disagree - I like them....

:dance:

:lol:

Wow thats a cheap flight and hotel :lol:

http://www.easyhotel.com/hotels/dubai.html

The owners should be wondering whether they have actually bought a freehold or whether Damac are reluctantly letting them the owners occupy Damacs own property. They are treating the owners with disdain if they have not sought permission and are not paying a commercial price to the owners association for that valuable advertising space

Damac have put two enormous neon boards on two sides of Ocean Heights' podium today. One Arabic, one English. They show the linup of Damac buildings todether with the Damac logo in giant font.

At first sight I was sceptical thinking advertising would compromise the overall look of the building, or the area.

However, it actually looks pretty cool. The design is nice, and it adds a bit of big-city-nightlife appeal to the area.

Damac have done a very good job anyway when it comes to contributing to the night looks of the tallest block with the great lighting on Ocean Heights (assuming the will sort out the few technical issues with the color-changing stripes soon).

I see the new billboard as an addition to that really - knowing that some people might disagree - I like them....

:dance:

You are right on what you say,maybe after the first year the owners
can decide to take it down or leave it or get them Damac to pay for
Advertizing costs which help towards the maintenance costs. !


Anyway what does it matter with freehold after they done us all over with the Visa Law debacle,
until they give what they promised the sales in Dubai properties will never recover.Why buy at all
you are better renting if you want to stay in Dubai you can decide to up sticks when ever you want.


Another thing I have noticed it was a waste of time with all the car parking bays in all the tower blocks
I have seen a lot of them there are very few cars in there ( I WONDER WHY) maybe because the apartment are owned
by people with no residence visa they cannot get cars.








:cheers:



The owners should be wondering whether they have actually bought a freehold or whether Damac are reluctantly letting them the owners occupy Damacs own property. They are treating the owners with disdain if they have not sought permission and are not paying a commercial price to the owners association for that valuable advertising space

It all depends on our contracts in JLT Lake view the following clause is in my contracts:
"The Purchaser acknowledges and accepts that the Seller may display commercial signage /
boards on the building, whenever so required, as long as Damac remains the Manager, for which no revenue shall be payable by the Seller or Damac"
:bash:

well, DAMAC have a new Sales Office right there in the ground floor, and the signage is part of that I suppose.

so as long as their retail space is sorted out, the sign will be, too.

It all depends on our contracts in JLT Lake view the following clause is in my contracts:
"The Purchaser acknowledges and accepts that the Seller may display commercial signage /
boards on the building, whenever so required, as long as Damac remains the Manager, for which no revenue shall be payable by the Seller or Damac"
:bash:

....and those lakeview contracts also clearly define the meaning of the word DAMAC.....but is the building manager the same or just another limited company with the word damac in the name

Too many people are simply naive about how damac operate and that includes Rera

I agree

well don

has anyone a 1 bedroom with good view to rent out?
I am interested.

Hi Silk 91

I have a one bed with views over emirates golf course, media city and Burj Khalifa in the distance. Will be vacant from January onwards. It is fully furnished.

any owner want to rent 1 bedroom
please contact me i'm looking for 1 bedroom

Hi Silk 91

I have a one bed with views over emirates golf course, media city and Burj Khalifa in the distance. Will be vacant from January onwards. It is fully furnished.
hi
which floor and what is the area
and for how much
thanks alot

there is a different night light animation on since a few days. hope there will be more to come...

there is a different night light animation on since a few days. hope there will be more to come...

http://www.thenational.ae/news/uae-news/stay-off-our-beach-say-flat-owners

12/November/2011

Ocean Heighs , 1 Br interior photos, lobby,view

http://i40.tinypic.com/2yoctv8.jpg

Photos here:

http://www.flickr.com/photos/imresolt/sets/72157627985239163/

...

We can't wait for official press media to confirm that Ocean Heights tower completed as torres and luiz right now on medical check :D FOR BLUEZ

http://cdnmo.coveritlive.com/media/image/201101/php6ITOpW180536_1626019375265_1379947727_31553449_1631213_n.jpg

That went well. :lol::lol:

Hi All



This years charges have just come in wee bit steep I think
the two charges are for a reserve fund + service charges


No change out of £2500 for the year ! :ohno:





Best Regards: Hanna

Hi All



This years charges have just come in wee bit steep I think
the two charges are for a reserve fund + service charges


No change out of £2500 for the year ! :ohno:





Best Regards: Hanna

How many dirhams per sq ft ?

875






How many dirhams per sq ft ?

How many dirhams per sq ft ?

chage pa is 16.50AED for management charges and sinking fund. circa £3000+ for average unit!

£3000 or 3000AED?

£3000 GB pounds !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!





£3000 or 3000AED?

chage pa is 16.50AED for management charges and sinking fund. circa £3000+ for average unit!

Including Chiller charge ?

Including Chiller charge ?

Yes its circa AED 180K (£3000.00) inclusive for 2012.

.. and it will go up the following years, since the buildings one year warranty will be over.

Yes its circa AED 180K (£3000.00) inclusive for 2012.

Are you sure about 180K? :)

Including Chiller charge ?


Service Charge 2012 is going to be 15.4 AED +1.7 reserve fund = 17.1 AED per square foot and year. Including Chiller.

Service Charge 2012 is going to be 15.4 AED +1.7 reserve fund = 17.1 AED per square foot and year. Including Chiller.

Not bad eh ? Selects projects are all around 20 dhs psf in chiller --- some one is earning on top out of theirs though --they must be ?

Yes even 'Select Steve' admits that Select's high service charges suck! 17.1 inc. chiller is not bad by comparison.

Yes even 'Select Steve' admits that Select's high service charges suck! 17.1 inc. chiller is not bad by comparison.

Thank you "Select Steve" can you sort out my quality probs at THE POINT please ?? LOL --(i have to laugh or i cry ! :lol:)