shitty cladding, makes it look more economy than royalty

now, core on the 23rd floor, they have less floors than the 23 Marina and Torch but the cladding reached the 15-16th floors and I think they will start the interior soon.

http://i37.tinypic.com/2q9cmxu.jpg

http://i33.tinypic.com/11gqbsx.jpg

http://i34.tinypic.com/23jmkio.jpg

http://i34.tinypic.com/2uh0ry8.jpg

http://i34.tinypic.com/35i6kgw.jpg

Definitely starting to take shape. You can already picture how the whole thing is gonna look. Thanks for the pictures.

http://farm4.static.flickr.com/3222/2723700279_163bc848dd_o.jpg

http://farm4.static.flickr.com/3100/2723700143_4cbb3591df_o.jpg

http://farm4.static.flickr.com/3059/2724523904_4d3d00577c_o.jpg

http://farm4.static.flickr.com/3240/2724524022_f60b9719ab_o.jpg

http://farm4.static.flickr.com/3203/2723701503_77c2652b38_o.jpg

shitty cladding, makes it look more economy than royalty

can't judge yet. we would have to wait until the cladding is more apparent around the building

Marina Diamond VII :lol:

Yes, don't judge until the exterior is cleaned & painted (if applicable). Emirates Crown looked awful right until just before it was opened.

Emirates Crown still looks awful.

They all look shit except the Torch :tongue2:

[QUOTE=Naz UK;23570860]They all look shit except the Torch :tongue2:[/QUOTE

Never mind you wont be able to see any of them in a few years.

Yes, don't judge until the exterior is cleaned & painted (if applicable). Emirates Crown looked awful right until just before it was opened.

OK then...........a clean and shiny Marina Diamond VII. :lol:

been a couple of weeks. any updates. just updating my diagram.

Maybe on friday !! Imre?? :hm:

This one isn't that fast like 23 Marina :down:

been a couple of weeks. any updates. just updating my diagram.


just saw before , core is on the 30th floor now.

Great, pic up speed again !! :eek: :okay:

29/Aug/2008

The Torch,Princess Tower,Ocean Heights, Sulafa Tower

http://img244.imageshack.us/img244/8316/imresolt433yp7.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/5097/imresolt434vw6.jpg (http://imageshack.us)

http://img329.imageshack.us/img329/8061/imresolt454vd9.jpg (http://imageshack.us)

5/Sept/2008

Princess Tower

http://img139.imageshack.us/img139/8242/imresolt003hy6.jpg (http://imageshack.us)

http://img178.imageshack.us/img178/6467/imresolt006bt9.jpg (http://imageshack.us)

http://img135.imageshack.us/img135/5481/imresolt007dh8.jpg (http://imageshack.us)

http://img165.imageshack.us/img165/2639/imresolt026nr8.jpg (http://imageshack.us)

Hi , can anyone help me with prices, am looking to invest in this tower, does anyone have the original price list for two beds.

^^ WRONG thread ...

Tameer's residential project advancing well

Tameer Holding, one of the largest developers, has announced that its Princess Tower has reached 30 floors in height.
The 107-storey luxury residential tower is located in Dubai Marina.

The Princess Tower is expected to be one of the world's tallest all-residential buildings at 414 metres.

Abdul Hamid Moukayed, Managing Director of Tameer Dubai, said: "Despite the recent difficulties experienced by the real estate and construction sectors, such as the rising costs of material and labour, along with the increasing competition for contractors, construction on the Princess Tower is moving ahead according to schedule. It's a testament to Tameer's position as the most trusted name in real estate," Moukayed said.

Yeah, so is Al Salam City in Umm Ul Quwain.

^^ Alsalam alykom from alsalam city !

been a month. any updates?

^^ Check The Torch thread.

U/C 16/10/08



http://i38.tinypic.com/2uen31d.jpg


http://i37.tinypic.com/hrlcv5.jpg

^^Great thx bizzy !!! :master:

Yippey !!!!!!

today by Dubai Steve, rising fast:

http://i37.tinypic.com/2hqrvp1.jpg

http://i37.tinypic.com/302cn68.jpg

http://i359.photobucket.com/albums/oo34/melkor_gds/IMG_0664.jpg?t=1225151097

Awesome shots guys!! Princess Tower :rock:

What level is the core at now?

43F i guess .

^^ You started smoking dat sh*t again? :ohno: :tongue2:

NO!

LOL, why are you copying me? :D

Anyway, why the 43 floors figure, is clearly less then that?

How Can i don't like The Volks guy these days ! BTW iam only guessin belive me not eating a brain :D

http://i38.tinypic.com/9gkkf5.jpg

Pics from Thursday night (not mine):

http://i35.tinypic.com/17ack3.jpg

http://i36.tinypic.com/169n9sw.jpg

Pics from Thursday night (not mine):

http://i35.tinypic.com/17ack3.jpg

http://i36.tinypic.com/169n9sw.jpg

Hey altin! Was a great place that bar! Still haven't forgotten the about 90 Dh I still owe you :cheers::cheers::cheers:

http://flickr.com/photos/persiabellini/3030121286/

Today

http://i37.tinypic.com/30k7mms.jpg

01/December/2008

Princess Tower

http://img505.imageshack.us/img505/2518/imresolt095mk2.jpg (http://imageshack.us)

http://img515.imageshack.us/img515/1743/imresolt096lc2.jpg (http://imageshack.us)

http://img135.imageshack.us/img135/1787/imresolt100ek0.jpg (http://imageshack.us)

http://img505.imageshack.us/img505/368/imresolt101xx3.jpg (http://imageshack.us)

WOOHOO!! :master:

Core up to level 44 now :pepper: :cucumber: :banana: :carrot:

02/December/2008

Princess Tower

http://img57.imageshack.us/img57/8412/imresolt026pc9.jpg (http://imageshack.us)

http://img165.imageshack.us/img165/304/imresolt028yt0.jpg (http://imageshack.us)

http://img84.imageshack.us/img84/5206/imresolt116hy0.jpg (http://imageshack.us)

http://img57.imageshack.us/img57/1566/imresolt117kk4.jpg (http://imageshack.us)

The cladding hasn't exactly looked spectacular up to now, but it does look somewhat better in these shots. Will this be "touched up" upon completion? Before?

^^ Probably got a protective cover on at the moment, which means you don't see the exact cladding so it will be "touched up" so to say

^^ Now that u mention it thedubailife, I've noticed an area [dunno what level that is?] that appears to have been scraped/peeled off - which definitely looks a lot brighter underneath. :cheers:

I think the central core has risen another level since Dec 2nd updates, probably the floors too. It looked taller this evening.

07/December/2008

Dubai Marina,tallest block

http://img156.imageshack.us/img156/5135/imresolt004qp8.jpg (http://imageshack.us)

http://img255.imageshack.us/img255/292/imresolt006lm2.jpg (http://imageshack.us)

http://img258.imageshack.us/img258/9408/imresolt007bh2.jpg (http://imageshack.us)

Dec 8th

http://i33.tinypic.com/65rjhf.jpg

http://i35.tinypic.com/mcgj6b.jpg

http://i36.tinypic.com/2hg7429.jpg

With Torch Tower

http://i38.tinypic.com/aeqhxe.jpg

http://i36.tinypic.com/2805spg.jpg

http://i33.tinypic.com/qpjryd.jpg

Always plays second fiddle to The Torch is most pics, but not in this one:)

http://img185.imageshack.us/img185/4517/p1010050pf0.jpg (http://imageshack.us)

^^ how dare you leave out the torch :bash:

Nice picture there, wall of towers coming along very nicely. Now imagine that twice as high!! :eek:

In one year it should almost has topped out !! :eek:

Nice picture there, wall of towers coming along very nicely. Now imagine that twice as high!! :eek:

Yes, and try to imagine the views from this particular block on completion :nuts:

Almost to the halfway point here now :pepper:

17/December/2008

Dubai Marina, tallest block

http://img168.imageshack.us/img168/4648/imresolt03hy6.jpg (http://imageshack.us)

http://img136.imageshack.us/img136/5830/imresolt04jq6.jpg (http://imageshack.us)

http://img95.imageshack.us/img95/8915/imresolt05aq1.jpg (http://imageshack.us)

http://img136.imageshack.us/img136/1659/imresolt06aj4.jpg (http://imageshack.us)

http://img150.imageshack.us/img150/574/imresolt14jg9.jpg (http://imageshack.us)

http://img301.imageshack.us/img301/4084/imresolt27ol8.jpg (http://imageshack.us)

Thank u Imre :cheers:

Luv these shots! Lots of nice boats ... not to mention the wonderful views. Nice to see Infinity Tower becoming more and more prominent in the pics too. :)

19/December/2008

Princess Tower

http://img341.imageshack.us/img341/1160/imresolt048oo4.jpg (http://imageshack.us)

http://img78.imageshack.us/img78/3184/imresolt067zo3.jpg (http://imageshack.us)

http://img341.imageshack.us/img341/3952/imresolt068ia4.jpg (http://imageshack.us)

That's 2 levels in about 18-19 days now. Is this good progress? Then again, at least there IS progress here so that can only be a good thing I suppose.

20/December/2008


http://img255.imageshack.us/img255/2917/imresolt002pa2.jpg (http://imageshack.us)

http://img168.imageshack.us/img168/6730/imresolt057fs6.jpg (http://imageshack.us)

http://img255.imageshack.us/img255/402/imresolt062sp1.jpg (http://imageshack.us)

27/December/2008

Princess Tower

http://img361.imageshack.us/img361/7698/imresolt16ui5.jpg (http://imageshack.us)

http://img361.imageshack.us/img361/4294/imresolt21ya7.jpg (http://imageshack.us)

http://img68.imageshack.us/img68/4364/imresolt22ui7.jpg (http://imageshack.us)

http://img68.imageshack.us/img68/9056/imresolt23rv9.jpg (http://imageshack.us)

That's some close living.

That's some close living.
Looking over top of LeReve,Marina and Emirates hotel will be ok but lower down will be close living agreed

^^ The photo angle is a little deceptive, after seeing it in person...you could fit another Torch between the Princess + TT.

Hi - I'm new to this Thread. Can anyone tell me the expected completion date for The Princess Tower please? Thanks.

http://i44.tinypic.com/b7mniw.jpg


http://i39.tinypic.com/24zavxu.jpg

Hi - I'm new to this Thread. Can anyone tell me the expected completion date for The Princess Tower please? Thanks.

Hi Dubai-Sail, Welcome to the forum :)

Well, judging by the current rate of progress Princess Tower should be topped out sometime in December 2009, or at the latest January 2010.

There's certainly another good year of construction left here to complete this building, then it's party time! :pepper:

Thank you for your welcome P.

08/January/2009

Princess Tower

http://img406.imageshack.us/img406/3787/imresolt043vi8.jpg (http://imageshack.us)

http://img512.imageshack.us/img512/5748/imresolt048qk8.jpg (http://imageshack.us)

http://img213.imageshack.us/img213/5953/imresolt049mg4.jpg (http://imageshack.us)

Hi - I'm new to this Thread. Can anyone tell me the expected completion date for The Princess Tower please? Thanks.JAN 2012 earliest IMO

Unfortunately I think THEPOINTs' projection is quite realistic. Over the last 12 months The Princess tower has risen by around 40 floors. It would seem logical to go along with the thinking that the same progress will be seen over the next 12 months. That only makes around 80 floors. There would still be another 20 to go after that, then the dome, and the entire interior to be fitted out.

Tameer have inclined that the completion date is expected to be December 2009. The original payment schedule was revised, perhaps because it eventually looked like December 2008 was unrealistic as a completion date. For the reasons above, December 2009 is also now not realistic. I requested that Tameer revise the payment schedule to reflect the project being behind, with no success.

If the payment schedule is not revised By July of this year, there are a lot of Princess Tower investors who will have paid 90% of the cost of their units. 90% paid, and then have to wait for perhaps 18 months to 2 1/2 years longer before handover seems just a little unfair to me. The payment schedule should surely work around a realistic completion date.

If the projected completion date is changed after the July payment has been made, it will be academic as investors will already have paid 90%, and the last payment is not due until handover anyway.

Any thoughts on this?

Unfortunately I think THEPOINTs' projection is quite realistic. Over the last 12 months The Princess tower has risen by around 40 floors. It would seem logical to go along with the thinking that the same progress will be seen over the next 12 months. That only makes around 80 floors. There would still be another 20 to go after that, then the dome, and the entire interior to be fitted out.

Tameer have inclined that the completion date is expected to be December 2009. The original payment schedule was revised, perhaps because it eventually looked like December 2008 was unrealistic as a completion date. For the reasons above, December 2009 is also now not realistic. I requested that Tameer revise the payment schedule to reflect the project being behind, with no success.

If the payment schedule is not revised By July of this year, there are a lot of Princess Tower investors who will have paid 90% of the cost of their units. 90% paid, and then have to wait for perhaps 18 months to 2 1/2 years longer before handover seems just a little unfair to me. The payment schedule should surely work around a realistic completion date.

If the projected completion date is changed after the July payment has been made, it will be academic as investors will already have paid 90%, and the last payment is not due until handover anyway.

Any thoughts on this?
I would contact RERA for new rules on progress payments before you make ANY more payments - Tameer are not justified asking for more than 30% at this time and payments should now be linked to progress - things have changed dramatically in the investors favour over last few weeks in that respect

Actually it's at floor 50 in the core now.

I think 2011 is possible here. Remember that the cladding is going up steadily with the tower unlike most of the others. I think early 2010 we will see them start the top part and will take until anytime in 2011 to get done.

Unfortunately I think THEPOINTs' projection is quite realistic. Over the last 12 months The Princess tower has risen by around 40 floors. It would seem logical to go along with the thinking that the same progress will be seen over the next 12 months. That only makes around 80 floors. There would still be another 20 to go after that, then the dome, and the entire interior to be fitted out.

Tameer have inclined that the completion date is expected to be December 2009. The original payment schedule was revised, perhaps because it eventually looked like December 2008 was unrealistic as a completion date. For the reasons above, December 2009 is also now not realistic. I requested that Tameer revise the payment schedule to reflect the project being behind, with no success.

If the payment schedule is not revised By July of this year, there are a lot of Princess Tower investors who will have paid 90% of the cost of their units. 90% paid, and then have to wait for perhaps 18 months to 2 1/2 years longer before handover seems just a little unfair to me. The payment schedule should surely work around a realistic completion date.

If the projected completion date is changed after the July payment has been made, it will be academic as investors will already have paid 90%, and the last payment is not due until handover anyway.

Any thoughts on this?

Sorry Dubai-Sail, I think we got our wires crossed here? Or I just didn't explain myself properly? I was of course ONLY referring to Princess Tower TOPPING out in my projection [December 2009-January 2010]. I hadn't included in that projection any time allowing for the entire fitting out of the building, etc, and time leading to the handover. Sorry again if what I said was misleading in any way. :)

Well, as the core is about halfway now I still think PT is well on course to top out within 12 months, but ONLY if it remains on its current path of progress. :cheers:

Actually it's at floor 50 in the core now.

I think 2011 is possible here. Remember that the cladding is going up steadily with the tower unlike most of the others. I think early 2010 we will see them start the top part and will take until anytime in 2011 to get done.

malec, are u talking about 2011 for completion here, or handover? 2011 sounds good though.

And thanks for your inputs too Malek. Any misunderstandings weren't seen P, all's OK and thanks. My concerns are with Tameers' 90% expectation of payments to be paid by many investors by July - when completion will not see itself by December 2009, (Or the same time in 2010). I've been asking Tameer to see same. Nothng more.

I was advised to contact RERA, which I have. Things are either fair to people, or not fair. Whilst I may bow to the contract I find myself in, my singular request remains to be this - "Repayment schedule needs to run in line with expected project completion".

13/January/2009

Princess Tower

http://img147.imageshack.us/img147/4156/imresolt12dp5.jpg (http://imageshack.us)

http://img371.imageshack.us/img371/896/imresolt13sj5.jpg (http://imageshack.us)

This first shot here is almost identical to that second pic from post 1061 Imre :)

More importantly, here Princess Tower is taller :D

Time -

40 to 44 - 4 floors in another 4 weeks - Still set for only 80+ of the main structural rise by December 2009, ( I'm not basing my observations/ calculations on the 50th level core), as we must realisically tie completion with the pace of the last level to be completed. We all know that there'll be 100+ on completion. Am I being obtuse? Anyone? Steve, High Times, THEPOINT, Morris, ALL.

The 100+ has to happen before the dome and all interior fitting and facilities are completed. Is it just me that sees that this project can not physically or mathematically be completed by December 2009? I have written to RERA twice by now detailing my concerns, with no response, though ironically I've read that there's been progress with investor/ developer understandings. What now?

Surely I'm not the only investor in the Princess Tower project who has concerns with being expected to have made 90% of any unit cost within this project by July 2009, when realistically, handover will not occur until around 2 years from now.

I'm aware that many of those who'll read this post are active members in a number of Dubai Marina threads, but it's those who've actually invested in The princess Tower like myself that I'm eluding to. If nothing's done to create a critical mass before July 2009, then any gathering will be academic, as by contract, we'll still have been duty bound to have made the payment which will see 90% - afterwhich the last payment will not be due on until handover anyway.

Again, it's unfair. RERA can help. I have not had a response from RERA. What next? Anyone . . . before the next level?

Dubai-sail

416m 103floors my friend told me:hi:i new

It's very disappointing to see that the only response I got from my previous mail was from Lego man!

Dubai-Sail

Time -

40 to 44 - 4 floors in another 4 weeks - Still set for only 80+ of the main structural rise by December 2009, ( I'm not basing my observations/ calculations on the 50th level core), as we must realisically tie completion with the pace of the last level to be completed. We all know that there'll be 100+ on completion. Am I being obtuse? Anyone? Steve, High Times, THEPOINT, Morris, ALL.

The 100+ has to happen before the dome and all interior fitting and facilities are completed. Is it just me that sees that this project can not physically or mathematically be completed by December 2009? I have written to RERA twice by now detailing my concerns, with no response, though ironically I've read that there's been progress with investor/ developer understandings. What now?

Surely I'm not the only investor in the Princess Tower project who has concerns with being expected to have made 90% of any unit cost within this project by July 2009, when realistically, handover will not occur until around 2 years from now.

I'm aware that many of those who'll read this post are active members in a number of Dubai Marina threads, but it's those who've actually invested in The princess Tower like myself that I'm eluding to. If nothing's done to create a critical mass before July 2009, then any gathering will be academic, as by contract, we'll still have been duty bound to have made the payment which will see 90% - afterwhich the last payment will not be due on until handover anyway.

Again, it's unfair. RERA can help. I have not had a response from RERA. What next? Anyone . . . before the next level?

Dubai-sail

You're right, absolutely no way will it be completed this year. It will finish in 2011, the same as the torch and 23 marina. :cheers:

@ Dubai-Sail.

I'm just as frustrated as you are, I've bought an appartment on the 63rd floor, Seaview, so I'm still waiting for the Princess Tower to reach that level. I think that we need to be lucky to celebrate xmas 2010 in PT.

I personally are not gonna pay one more cent for the time being, so far I paid 60% and in my oppinion PT is not 60% finished, far from. I'll just sit back and wait, eventually Tameer will get in touch with me, but them running so far behind schedule I don't think I'll be hearing from right away.

I do share your point of view, when it comes to the owners, we do have to join forces, and :bash: Tameer

Time -

40 to 44 - 4 floors in another 4 weeks - Still set for only 80+ of the main structural rise by December 2009, ( I'm not basing my observations/ calculations on the 50th level core), as we must realisically tie completion with the pace of the last level to be completed. We all know that there'll be 100+ on completion. Am I being obtuse? Anyone? Steve, High Times, THEPOINT, Morris, ALL.

The 100+ has to happen before the dome and all interior fitting and facilities are completed. Is it just me that sees that this project can not physically or mathematically be completed by December 2009? I have written to RERA twice by now detailing my concerns, with no response, though ironically I've read that there's been progress with investor/ developer understandings. What now?

Surely I'm not the only investor in the Princess Tower project who has concerns with being expected to have made 90% of any unit cost within this project by July 2009, when realistically, handover will not occur until around 2 years from now.

I'm aware that many of those who'll read this post are active members in a number of Dubai Marina threads, but it's those who've actually invested in The princess Tower like myself that I'm eluding to. If nothing's done to create a critical mass before July 2009, then any gathering will be academic, as by contract, we'll still have been duty bound to have made the payment which will see 90% - afterwhich the last payment will not be due on until handover anyway.

Again, it's unfair. RERA can help. I have not had a response from RERA. What next? Anyone . . . before the next level?

Dubai-sail

^^ That's not going to happen. You might be there X-mas 2011 but not before. :)

yes, 2011 is the earliest, not before.

Well december 2011 would be some delay, according to the Sales Agreement the Completion Date is set to be June 30th 2009 wich we all know is NOT gonna happen so that bring §10 Default and Termination into play in 10.1 it says

" In the case that the seller (Tameer) is late in delivery of the flat by more than 180 days as specified in clause 4 of this agreement the purchaser shall be entitled to recive the proportionate/pr-rate share from the late fee penalties levied on and collected from the contractors by the seller. The late fee is set with accordance to the size of the appartmentin variation to the whole project and the purchaser will receive a new completion schedule"

Tameer allready made one new completion schedule, where they also changed the paymentplan and I'm pretty sure they'll have to do the same thing again soon I can hardly imagine that they would have the nerve to say that they are in good shape and that the PT will be completed according to the reviced completion plan, if they do that they it would be easy to prove that they are not acting in good faith

This is very positive guys. For more than one person to see something is leagues ahead of one on his or her own. Thanks Malek and Imre for your endorsements and to you too Flemse, and welcome. To have many voice their views and opinions is what makes for fair and timely results. It's true.

I've written to RERA on this, and again and again to Tameer Customer Care. Should the same, "December 2009" expected completion date be communicated to me from Tameer after the increased number of posts on this thread, I will call a face to face meeting with the appropriate Tameer representative and fly out to Dubai. I will have categoric literature to hand proving that The Princess Tower can not be completed by December 2009. Should Tameer decide not to meet with me, perhaps for 30 minutes of their time to allow me to demonstrate my concerns and to prove that their projections defy logic, then something even more disappointing will present itself. I asked Tameer Customer Care what their projection date of December 2009 was based on. The content of the following is part of the reply given to me, (Dated 7th January 2009) -

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

Please be sure that we do understand your concern regarding the process of construction of Princess Tower . However, Tameer Holding Investment has the most qualified engineers working on the projects; alongside world’s best-known contractors and consultants. The current construction reports generated by these respectful professionals still estimate the completion date to be November 2009. Therefore, Tameer Holding Investment will not be reviewing the payment schedule for Princess Tower - unless any modifications occur to the Official Estimated Completion Date.



Concerning your payment in July, and as I have already mentioned previously, the Sales & Purchase Agreement for your unit at Princess Tower requires you to settle your installments according to fixed dates – irrelevant to the progress of the construction of the project.


Meanwhile, I strongly recommend that you adhere to the present payment schedule. Choosing not to adhere to the current payment schedule is your freewill act; however, we feel obliged to bring to your kind attention that such action will lead to further escalations involving our Collection Team & Legal Department and eventually to the termination of the contract.


Kindly find attached herein the Project Progress Report once again. Please note that if the attachment fails to open, we will be glad to send you the same by courier.


Thank you again for contacting Customer Care – Dubai !


For further information and to enhance the service you receive at Tameer Holding Investment, kindly address all your future concerns to customercare.dubai@tameer.net.



Thank you for your cooperation & Best Regards,


Customer Care Team

Tameer Holding Investment - Dubai

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

Well, I must say that I think I could make more accurate predictions. Quote "Tameer Holding Investment has the most qualified engineers working on the projects; alongside world’s best-known contractors and consultants. The current construction reports generated by these respectful professionals still estimate the completion date to be November 2009."

Afterwhich Tameer continue with words to the effect that my contract may be terminated if I fail to meet payments under the current payment schedule. This is simply out of this world for me.

What I have asked for is that the payment schedule be revised to reflect a realistic project completion date. Nothing more at this stage. Keep things going here guys. Communication is good.

Dubai-Sail

yes, lev50 in core or 193m. lookout for main forums diagram update.
cheers

ok heres diagram update

23marina being left behind/

i thick Torch will be first to officailly be new tallest after Q1 in 2010.
then princess in 2011.

large
http://www.flickr.com/photos/35672655@N00/3214442801/sizes/o/

http://farm4.static.flickr.com/3345/3214442801_854a3373e1_b.jpg

Latest chart by Culwulla

22/January/2009

Princess Tower

http://img120.imageshack.us/img120/4532/imresolt09zs4.jpg (http://imageshack.us)

http://img244.imageshack.us/img244/5163/imresolt11ix0.jpg (http://imageshack.us)

http://img185.imageshack.us/img185/5985/imresolt28jd0.jpg (http://imageshack.us)

http://img294.imageshack.us/img294/7268/imresolt26lu6.jpg (http://imageshack.us)

Thx Imre :cheers: More awesome shots! Looks like the core is at level 51 now :D

Indeed - Great pictures of the progress. Thanks Imre.

I'm sure it's pretty clear to most by now that I've been in communication with Tameer with reference to our project completion date. As time goes on, and I'm simply basing my predictions using previous observations, the project expected completion date is impossible.

The following is what I've just sent to Tameer Customer Care -

----------------------------------------------------------------------
Dubai Customer Care Department - Tameer,

I've waited for a period of time to observe the most recent progress of The Princess Tower. I see that it's progressed 4 floors in the last 4 weeks. This runs in line with my previous predictions - The predictions that Tameer are refusing to see/ accept. This project can not be completed by any time in 2009, or 2010. This is a fact. I am becoming increasingly more and more disappointed with Tameer for keeping up this, for me, clear denial!

From this moment on, I have decided to post every mail I send to Tameer on to The Princess Tower thread of Skyscrapercity.com, along with reports of non-response from Tameer Customer Care, if appropriate.

As previously stated - My singular request is for Tameer to revise the Princess Tower payment schedule to reflect a more realistic completion date. That has to happen before March, as that is when the next payment is due.

It's great to see that this project is coming along at 4 floors per month too. Do the Math/ Mathematics. ;-)

Tameer Customer Care - Could I have a meeting with one of your project completion gurus? I have no problem flying out to meet him/ her, or the team. Flights are only 370 GBP, 400 Euros, 500 Dollars, or less for a slow boat. Please look at your forward looking meeting schedule. I am available at short notice within this time frame. Should your meeting schedule be fully booked for the next 4 weeks then please look further ahead to accommodate my request. We will then be talking about The Princess Tower being at 48 - 52 floors in height, and not 44 - 48. Please respond. Thanks.

Kind Regards,

Dubai-Sail

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

24/January/2009

The , Torch,Princess Tower and Dubai Marina

http://img294.imageshack.us/img294/1826/imresolt110ud5.jpg (http://imageshack.us)

http://img443.imageshack.us/img443/6797/imresolt111he7.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/2094/imresolt117mj4.jpg (http://imageshack.us)

http://img156.imageshack.us/img156/3231/imresolt121qn5.jpg (http://imageshack.us)

25/January/2009

The Torch,Princess Tower and the tallest block

http://img156.imageshack.us/img156/7853/imresolt11iw0.jpg (http://imageshack.us)

http://img156.imageshack.us/img156/5333/imresolt13qg4.jpg (http://imageshack.us)

http://img156.imageshack.us/img156/2774/imresolt16wi2.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/8171/imresolt17es8.jpg (http://imageshack.us)

http://img175.imageshack.us/img175/9991/imresolt72jg0.jpg (http://imageshack.us)

Thank u Imre :cheers: These shots are taken from a very nice perspective indeed ... wonderful views :)

Hi all,

Great pictures of the latest progress Imre. Are you an investor in The Princess Tower Project? Enthusiastic response to the progress Parisian Girl. Are you an investor in The Princess Tower Project? If the answer is yes from either of you, why do I sense that my real concerns are being diverted? Simple questions. Please respond - either of you. I'm not taking the time to look for the truth to be given to me from Tameer because it's exciting for me. I'm asking for the truth to be told because once it's given it will be fair to have the payment schedule revised to refect the project completion being 2 years after what's written in the Sale agreement I hold.

There's nothing unclear about the fastest completion date of this project. This will be some time in 2011, if that. That being the case, why should I have paid 90% of my unit by July of this year? Anyone please.



Just to inform Princess Tower investors, here's the mail I sent to Tameer after receiving no resonse from them after the last mail I sent to them, one week ago -

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

TAMEER CUSTOMER CARE DUBAI,

I sent you a mail one week ago but I have not received a response from you. At that time I sensed that Tameer Customer Care were ignoring me (Not caring about me). This seems to be the case, since I've received no response from you in the last week. customer care is not happening here. As promised I will be posting all mails I send to you on to The Princess Tower thread of The Skyscrapercity.com forum.

I have repeatedly pointed out that this project can not be completed by this year, or at any time next year, but what I'm saying is being ignored. Why? What is the benefit to Tameer for ignoring what I'm saying? I know the answer to this question, but Tameer need to act in good faith here and tell me the reason, or simply revise the payment schedule without explanation! I know Tameer are ignoring me because they are not responding to my mails. These things are black and white.

This is not my idea of customer care. Please respond to my mail of one week ago. This problem, or is it an issue, will not go away without being addressed.

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

Dubai-Sail

^^ I think you're the only princess tower investor here, neither Imre or anybody else on this message board invested in this building.
We all say 2011 based on the progress of all the other buildings and what we've seen to be the usual rate. I say maybe, just maybe end of 2010. This tower seems to be ahead of all the others since most of the cladding is there already.

Hi all,
Great pictures of the latest progress Imre. Are you an investor in The Princess Tower Project? Enthusiastic response to the progress Parisian Girl. Are you an investor in The Princess Tower Project? If the answer is yes from either of you, why do I sense that my real concerns are being diverted? Simple questions. Please respond - either of you.

Hi Dubai-Sail,

No, I am not an investor here at Princess Tower, as of yet, but I am definitely buying here...probably within a couple of years, give or take a few months. This breathing space will be good for me actually as I'm involved in several other projects in Europe and Brazil, so personally, I am in no rush to get in here until this building is well and truly completed. I have a great deal of work on over the next 3-5 years also so I really don't mind the wait, on the contrary, the wait will work out better for me in the long run.

Excellent choice of building to invest in imho. One of the best towers in Dubai! :)

Best wishes :cheers:

I am not investor here.

Princess Tower reaches 50th floor


The 107-storey Princess Tower, a luxury residential tower developed by Tameer and located at the heart of the prestigious Dubai Marina, has now reached its 50th floor.

Princess Tower is located in an area that is surrounded by numerous Dubai landmarks, including the Palm Jumeirah, Burj Al-Arab, Madinat Jumeirah and the islands of The World.

Tameer CEO, Ghassan Sakhnini, said that the Company will deliver all of its ongoing projects: 'Our commitment to fulfilling our promises is the foundation upon which our success is built. Therefore, we consider it vitally important to uphold that record and to provide our clients and investors with the service they expect from us.'

Mr Sakhnini also emphasized the high grade of partners that Tameer chose to work with on the project, working with some of the UAE's premier architectural engineering firms with proven track records of working on hundreds of projects throughout the Middle East.

The 414-metre high Princess Tower will be one of the tallest all-residential buildings in the world once it is completed, and will offer a large selection of luxury two-, three- and four-bedrooms residential apartments, duplex villas and high-end penthouses. Boasting numerous floor plans with comfortable designs and lush finishes, the Princess Tower will be one of the most coveted residences in the city, with a design combining opulence and tradition, all the way up to its enormous 1200 square-foot Princess Villa on the 95th floor.

Amenities include offices, swimming pools, a gymnasium, a children's day care nursery, a sauna club, a prayer area and a private car parking area for residents, in addition to a luxurious reception area. The Emirates Golf Club, the American University of Dubai, and Jebel Ali are also within easy reach from the Princess Tower.

http://www.ameinfo.com/182487.html

http://www.tameer.net/images/princess-50.jpg

Structure should be complete by October (09) and handover by 3Q 2010. :cheers:

Happy indeed Larry. I think I need to have a bit of what you have been relaxing with.

You heard it here first, and this is it. The main structure of The Pricess Tower will be at around 80 floors in October. Sorry, but your bubble will be burst. I'm not holding the needle either.

Dubai-Sail, you are new here so you mightn't know how this forum works.
This is a forum which above all else is for skyscrapers, architecture, urbanism, etc. Just read the other various sections of this site to find out.

Since this website is the best resource on the net for dubai projects (thanks to the various people who give their free time to take and upload pictures) then naturally investors have been drawn to this site. Investors are welcome to post but we had some controversy in the past over what exactly could and couldn't be posted. No advertising was the first thing decided, then things are debateable but generally if what you post is of no interest to non-investors whatsoever then that should be kept to a minimum.
Also you should know these threads are completely unbiased in terms of news about the projects. If an article is bad mouthing a project then it'll get posted in the relevant thread regardless of what some may think that would do to their investment (considering some of these threads are the 2nd or 3rd link in google this might be significant sometimes).

BTW by october the tower's structure will be pretty near the top, say 90 floors. As I said I think this will be the first supertall done since the entire cladding is going up with the tower steadily unlike say, 23 marina.

29/January/2009

Princess Tower

http://img90.imageshack.us/img90/9854/imresolt011hg5.jpg (http://imageshack.us)

http://img120.imageshack.us/img120/2435/imresolt015cj5.jpg (http://imageshack.us)

http://img90.imageshack.us/img90/1395/imresolt059ff6.jpg (http://imageshack.us)

http://www.tameer.net/images/princess-50.jpg

Brrrrilliant view of PT! :cheers:

I mailed Tameer Customer Care yet again and though I received a reply, their stand has not changed - I sounds almost like an automated response -

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

Thank you for contacting Tameer Customer Care – Dubai !

Please note that we have received your e-mail and we do not have any new information to add to our previous communication. However, we reassure you again that in the case of any change in the completion date and consequently the payment schedule, we will inform all our customers accordingly.

We would also like to kindly ask you to update your contact information by filling in the “Customer Contact Sheet” attached herein and returning it back to us scanned and bearing your authorized signature.

To enhance the service you receive at Tameer Holding Investment, kindly address all your future concerns to customercare.dubai@tameer.net or contact our office in Dubai on +971 (0)4 407 55 00.

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

I'm 100% sure that Tameer will have news for their customers about a new completion date for this project, but I suspect that this news will not be announced until at least August 2009, because by then Tameer should have received the March and July payments (+ 30 days grace). Or if they haven't received same then they may terminate their customers contracts as a result of non-payment.

After the new completion date has been given to The Princess Tower Customers, the revision of future payments will be academic, because there will not be any more stage payments to make, as the final payment is not due until completion/ handover anyway.

It is unfair for Tameer to continue taking stage payments from their customers, knowing full well that the project will not be completed this year, or in my logical opinion, handed over by next year either. This payment revision needs to be made now, before the March payment is due. The July payment will see 90% of payments made, but the project will not be handed over for a further 18 months or thereabouts. To me, Tameer are not acting on good faith. This will not be difficult to prove when the time comes in the future.

Tameer need to act now. Please do the right thing by your customers. Please do what you advertise you are already doing.

Dubai-Sail

08/February/2009

The Torch , Princess Tower etc...

http://img120.imageshack.us/img120/3783/imresolt067nm8.jpg (http://imageshack.us)

http://img24.imageshack.us/img24/5257/imresolt038in8.jpg (http://imageshack.us)

http://img177.imageshack.us/img177/7630/imresolt044be1.jpg (http://imageshack.us)

Thx Imre :cheers: Like this view, from behind the tallest block.

I think because of global crisis MST plot will be Green Park - Hopefully for ever

15/February/2009

Princess Tower

http://img4.imageshack.us/img4/5480/imresolt16gk8.jpg (http://imageshack.us)

http://img12.imageshack.us/img12/8923/imresolt17ka9.jpg (http://imageshack.us)

http://img4.imageshack.us/img4/9250/imresolt61iq0.jpg (http://imageshack.us)

http://img12.imageshack.us/img12/516/imresolt62vl0.jpg (http://imageshack.us)

Thank u, Imre:) Must say PT really looks better and better with each update! :banana:

I was in communication with Tameer Collections, Dubai today. I was told that after Princess Tower investors have paid 80% of the purchase price of their units, then the final 20% will now not be due until project completion. If this is true then it's good news for us. Confirmation should be forwarded to each Princess Tower investor within the next month or so.

This payment schedule revision means that the July 10% payment will now not be due until project completion, along with the project completion 10% payment. :cheers:

20/February/2009

Princess Tower

http://img172.imageshack.us/img172/1796/imresolt159ls3.jpg (http://imageshack.us)

http://img9.imageshack.us/img9/143/imresolt160qg8.jpg (http://imageshack.us)

:omg: :okay:

This morning

http://i40.tinypic.com/a5hiqc.jpg

^^ Awesome shot!!:D Wow, the core of Princess Tower is fast catching up on Emirates Crown now too! Can't wait to see it pass! :banana:

LOL The road and rail line between the metro stations looks like a banana! Never realised it sank down that much! :lol::lol:

http://www.quetschluft.de/dubai/300_1949_qa.jpg

http://www.quetschluft.de/dubai/300_1936_qa.jpg

25/February/2009

Dubai Marina,tallest block

http://img23.imageshack.us/img23/8043/imresolt059.jpg (http://imageshack.us)

http://img24.imageshack.us/img24/7752/imresolt074.jpg (http://imageshack.us)

http://img152.imageshack.us/img152/3725/imresolt080.jpg (http://imageshack.us)

http://img255.imageshack.us/img255/8702/imresolt116.jpg (http://imageshack.us)

27/February/2009

Princess Tower

http://img291.imageshack.us/img291/121/imresolt050.jpg (http://imageshack.us)

^^ Whoa, those shots from the water of the Tallest Block are so cool! :banana: :cheers1:

http://www.rpdubai.com/rpdubai/SharedFolder/ProgressIndicator/221.jpg

Thanks, King. :cheers1:

It says here that at the time of inspection, January 27th 09, PT was on the 40th level, but that is wrong, it was actually up to level 50 by then. It is nice to see a couple of interior shots though. :)

Why Elite Residence that is at the 4th floor, and Princess Tower that is at 50th foor, for RERA are at the same ( second ) stage?

Why Elite Residence that is at the 4th floor, and Princess Tower that is at 50th foor, for RERA are at the same ( second ) stage?


this one is almost the same progress :

http://www.skyscrapercity.com/showthread.php?t=560897&page=4

Ok, understood....:ohno:

http://www.rpdubai.com/rpdubai/SharedFolder/ProgressIndicator/221.jpg
Will be interesting to see RERA's reports on other towers - we can believe better than developers anyway - well done Tameer

Parisian Girl -

I would think that the 40th floor was stated because reference was being made to the progress of the main part of the building, and since it will be completed last, then it's more realistic to use the main floor level, over the stage that the core has reached.

This tower is progressing at around one floor per week, which will see it topped out around Easter next year. I would like to see this project completed as soon as possible, but the reality here is that it will not be handed over until 2011.

Im sure they will ask for photos from SSC members as a form of support

03/March/2009

Princess Tower

http://img401.imageshack.us/img401/5636/imresolt003.jpg (http://img401.imageshack.us/my.php?image=imresolt003.jpg)

http://img237.imageshack.us/img237/4189/imresolt025.jpg (http://img237.imageshack.us/my.php?image=imresolt025.jpg)

http://img237.imageshack.us/img237/3517/imresolt248.jpg (http://img237.imageshack.us/my.php?image=imresolt248.jpg)

http://img237.imageshack.us/img237/5189/imresolt280.jpg (http://img237.imageshack.us/my.php?image=imresolt280.jpg)

[QUOTE=Imre;33096300]03/March/2009

Princess Tower

http://img401.imageshack.us/img401/5636/imresolt003.jpg (http://img401.imageshack.us/my.php?image=imresolt003.jpg)


The skyline is becoming interesting....:)

^^ Very interesting ... just imagine what this front row will look like once PT, ER and OH are completed:drool:

Parisian Girl -

I would think that the 40th floor was stated because reference was being made to the progress of the main part of the building, and since it will be completed last, then it's more realistic to use the main floor level, over the stage that the core has reached.

Of course, I was concentrating on the core and completely forgot about the floor level. lol :hammer:

This tower is progressing at around one floor per week, which will see it topped out around Easter next year. I would like to see this project completed as soon as possible, but the reality here is that it will not be handed over until 2011.

Yeah, another year before topping out and then another year before handover. That sounds just about right. Two years is not so bad, from my point of view anyway, but I can clearly see you really want in here quick-time! :)

Priceless Parisian Girl ;)

Priceless Parisian Girl ;)

:D

http://i41.tinypic.com/207w1l2.jpg

05/March/2009

Dubai Marina , tallest block

http://img16.imageshack.us/img16/7962/imresolt69.jpg (http://img16.imageshack.us/my.php?image=imresolt69.jpg)

http://img213.imageshack.us/img213/7428/imresolt71.jpg (http://img213.imageshack.us/my.php?image=imresolt71.jpg)


http://img213.imageshack.us/img213/8724/imresolt80.jpg (http://img213.imageshack.us/my.php?image=imresolt80.jpg)

08/March/2009


http://i41.tinypic.com/2ns5mbr.jpg

That space behind the blue fence would be ideal for some tennis courts IMO! :D

^^ That's big enough even for a Tennis Stadium Complex .... which in the true Marina style would lack any adequate car parking facilities. :banana:

^^ LOL Yeah, and can't you just visualize tennis ball after tennis ball going over the top every time they'd play so close to the Marina and some poor b$$$$$d having to fish them out of the water with a poll. :lol: For those who actually live in the Marina, couldn't they simply float to the games by boat/water taxi, seeing as the car parking situation is such a pain! :banana:

Can't remember what's supposed to go on that site, so I say, build this TSC! :D

13/March/2009

The Torch and Princess Tower

http://i44.tinypic.com/2qdaaes.jpg

http://i41.tinypic.com/swxu8l.jpg

Thx Imre :cheers1:

http://i44.tinypic.com/1oltsp.jpg

http://i40.tinypic.com/jkhy5h.jpg

^^ Wow, that last shot is just brilliant! What a view! :D

Great shot indeed Parisian Girl - This project has progressed 2 floors in the last 6 weeks. Do you have anything to say about that, or are you just happy with the boats in the picture?

Seriously, do you have any idea why construction has virtually halted? Being an investor in this project, pretty pictures alone don't cut it for me. I need results. I'm going to Dubai in May to build some sand castles and to ask Tameer some simple questions. If you have any information relating to why this project progress has "stopped", please share it with me.

That was an open question to anyone on this thread. Please share - I interests me.

^^ How do you know that, there haven't been pictures for 2 weeks. Better wait for new pictures or else just ask somebody who lives around there to check if the cranes are still moving.

I know progress has pretty much stopped, because I do know people who live in Dubai. I just thought that some of those who post on this thread might know why progress has pretty much stopped. It's quite worrying for me, and I'm sure it is for other investors in this project too. Unfortunately, accurate/ honest responses don't come from Tameer.

From march 15th to march 25th the core went up by 2 floors. That doesn't sound like project stopped to me.

Thanks for that malec - I think it's realistic to work on the progress of the main building, rather than that of the core, as the main building will be the last to be completed. The core could be 20 floors ahead of the main building level but catchup would still have to happen. There has been a profound slowdown in progress of this project over the last 8 weeks, and I was just trying to establish why. Unlike yourself, I am an investor in this project, so my whole outlook will be different to your own. Thanks for information you gave on the progress though.

Great shot indeed Parisian Girl - This project has progressed 2 floors in the last 6 weeks. Do you have anything to say about that, or are you just happy with the boats in the picture?

Seriously, do you have any idea why construction has virtually halted? Being an investor in this project, pretty pictures alone don't cut it for me. I need results. I'm going to Dubai in May to build some sand castles and to ask Tameer some simple questions. If you have any information relating to why this project progress has "stopped", please share it with me.

That was an open question to anyone on this thread. Please share - I interests me.

Check post #1099. ;)

Right now just watching the wheels turning..

Checked 1099 PG - Hoping that the wheels will turn 'more' quickly soon too, that being the case it'll be sooner that big smiles'll be all around. ;-) Thanks

Well, you're right on that, there's definitely been a slowdown here, but sorry to say, I don't have any info on why this has happened. Maybe some of the guys on here who are actually on the ground in Dubai have a much better idea of what's going on here..? As I've mentioned already, I have time on my side when it comes to investing in PT, due to the fact I have other things going on right now, but I can understand your position.

Hopefully with the next photo update we'll see what kind of progress has been made here over these past couple of weeks ... anything worth talking about anyway?

Good luck! :okay:

http://i39.tinypic.com/2h3syev.jpg

Just kidding :) But as you can see, I'm a little frustrated with the non-progress, (Background).

:shocked:


I can't tell which way it's going any more to be honest! :lol::lol:

Hopefully we'll get a photo update soon and see where the hell this thing is at! It's been about three weeks since the last update and we're almost getting to the point of having to call the emergency services already! :D

03/April/2009

Princess Tower

http://i44.tinypic.com/qq1p9g.jpg

http://i42.tinypic.com/2s9wplg.jpg

http://i43.tinypic.com/xcisyo.jpg

http://i39.tinypic.com/9kpit0.jpg

http://i40.tinypic.com/20tnwy1.jpg

YAY!! :banana: Thx Imre :cheers:

There doesn't appear to be any major progress to the build when you analyse these new pics. The core looks roughly ten levels above the main floors now, and it looks as if the floors have only risen about two levels in the last three weeks. Clearly there has been a significant slowdown here..

Thanks for the pictures Imre.

malec - Perhaps you can see what I was talking about now. Progress has indeed virtually stopped on the main floor level. One floor per week is NOT being achieved. Actually, 7 floors in 13 weeks is pretty accurate. When I asked if anyone knew what the reason for the slow down was, I didn't expect to be contradicted with a petty reply stating the minimal progress, (core 2 floors). Perhaps you can throw some light on why the slowdown has happened, that is, if you accept/ agree that it's slowed down?

I'm not here to argue with anyone. I'm here to learn about the progress of a project I've invested in. If I read false or misleading information I will comment on it. I'm not a politician. I work on facts.

Please share with the thread, any information you have on why this project has slowed down. It's important to some of us. Thanks malec.

Flemse - I have PMd you.

05/April/2009

Princess Tower and The Torch

http://i40.tinypic.com/2n2kqh.jpg

http://i42.tinypic.com/lbse1.jpg

http://i41.tinypic.com/2qmmete.jpg

http://i41.tinypic.com/zti24y.jpg

http://i44.tinypic.com/2dhhegk.jpg

http://farm4.static.flickr.com/3657/3373074853_225c7e77e3_b.jpg

09/April/2009

Princess Tower

http://i44.tinypic.com/1444ep3.jpg

http://i44.tinypic.com/6elvmx.jpg

http://i41.tinypic.com/2dirk7q.jpg

09/April/2009

The Torch and Princess Tower

http://i43.tinypic.com/mt0z2x.jpg

So, I've finished my Princess model today and here's the result

http://i44.tinypic.com/208u0j7.jpg

Personally I think it turned out quite well. Maybe it's a good idea if I make a huge sized render for everybody who is a Princess fan so they can (well I don't know) print it or something? When someone is interested, let me know!

This. Is. Amazing.

Wow, that looks beautiful! Thx Dubai Addiction :cheers1:

09/April/2009
Princess Tower
http://i41.tinypic.com/2dirk7q.jpg

Great shots, Imre :cheers: Must say from looking at this shot the cladding looks very good indeed..

19/April/2009

Princess Tower

http://i43.tinypic.com/30tmcdg.jpg

http://i40.tinypic.com/2q24jnl.jpg

http://i42.tinypic.com/2aio45s.jpg

Cityscape Abu Dhabi

http://lh6.ggpht.com/_ZqK2vPa3OLw/SeyH9htr8ZI/AAAAAAAANqk/My97RhdRdwE/s640/ImreSoltDubaiPhotos067.jpg

http://lh5.ggpht.com/_ZqK2vPa3OLw/SeyIDLgs0KI/AAAAAAAANqw/ZSJeLIiYqGE/ImreSoltDubaiPhotos068.jpg

http://lh6.ggpht.com/_ZqK2vPa3OLw/SeyIGPVZH_I/AAAAAAAANq8/2PqfDJ0_ucI/s640/ImreSoltDubaiPhotos069.jpg

http://lh4.ggpht.com/_ZqK2vPa3OLw/SeyILO9_0oI/AAAAAAAANrI/lALBYE6t0v4/ImreSoltDubaiPhotos070.jpg

WOW!! ^^ Unbelievable model! The detail is just fantastic! Wonder how long it takes for these guys to put something like this together??

It looks better than the real building, :lol: I think I'll move in here instead! :lol: :D

24/April/2009

Princess Tower

http://i40.tinypic.com/ff8jl5.jpg

http://i39.tinypic.com/2ymg4ms.jpg

http://i43.tinypic.com/vi1sno.jpg

http://i44.tinypic.com/mj0eft.jpg

Hi,

As always, thanks for the pictures Imre.

Can anyone help me here please?

I follow the progress of The Princess Tower and have noticed that progress has slowed down a great deal. The first 4 months of this year will have passed us by next week. During that time the tower has risen only 7 floors, at varying rates. The "average" progress last year was a little over 13 floors for a 4 month window.


I pointed out to Tameer that this project could not possibly be completed by November 2009 from as long ago as October last year, but was repeatedly given an expected completion date of November 2009. It wasn't until the 'March stage payment' was made until Tameer finally admitted that November 2009 was indeed not achievable. I also predicted that Tameer would announce same after the March payment was made by project investors, and Tameer did indeed admit that November 2009 wasn't achievable. Time demands the truth - We all witness the truth as we see it with our own eyes. It's at that time we might wonder about the credibility of the people who give us misinformaton, and stand by it right to the end before they're caught. I'm going on a bit but you know what I mean.

I have been in disagreement with Tameer all along with their “projected completion date” of The Princess Tower, but the repeated response from Tameer was November 2009 as a completion date, and that this information had come from the most qualified engineers and respected consultants - What?

Can anyone share with me the reason for the slowdown? Tameer can't/ won't, and it appears that the above mentioned professionals simply don't know, (though I suspect they do), or are repeatedly passing on misinformation. I'm so very concerned. Somewhere along the line there is dishonesty.

I have a meeting scheduled with Tameer next month but I thought I'd put this question to everyone out there in the hope that free honestly can show itself in your responses. Thanks.

Dubai-Sail

I'd say a lack of investors money is most likely for slowdown since Tameers payment plans generally extract 90% of payment when the project is 30% complete
- then come along a global slowdown some default and hence the problem no money to carry on
- I hope they finish at 70 odd floors I will see over it from Torch apartment then !

Thanks MU - I think you're about right there. Investors in this project have paid around 80% to date. The project is about 50% complete at this stage, which would suggest that there should still be plenty of investors money in "the pot", to continue with this project.

Is it possible that investors money from this project has been gambled to finance other project(s)? If that's what's happened, is it legal for the developer to have done that?

If that's what the developer has done, it doesn't look good for investors in this project. If the developer has gambled investors money from this project on another "failed" project, then as far I can see, it has gambled with money that has been paid in good faith by investors for one project to profit from another - And with no risk to themselves, and 100% risk from the investors. Further, If the latter project were to be profitable, the very investors who have been put at risk with their investments would not profit as a result of the developer gambling with their money in the first place.

^^ This shouldn't be possible with the escrow account sistem. Money collectet for a project should be realeased by the bank on advancement of the project. In theory.:dunno:

I don't get this; - if they had 90% of the money in when the project was 30% complete (typically) then they had enough money to finish it sometime ago. Construction costs have fallen and although they may have had a contract at a higher price with the construction contractor many developers have renogotiated in order to take account of the falling cost of construction materials - especially steel. I don't see that money should be a problem here unless of course a significant number of units remain unsold. In that case there could well be a financial issue causing the hold up. If that is what has happened then an early top-out might be the solution I guess? It would be a shame though - especially for those who'd bought on the highest floors. I wouldn't want to be the guy in charge of juggling and reallocating the units. Lots of room for grief and heartache there!

Escrow account is a good point Cipus. Don't know that Princess Tower investors payments had been going in to such an account from the start.

I was under the impression that The Princess Tower was a sold out project, and only available for re-sale.

If that's not the case then as you say Yousuf27, there will be a bunch of unhappy campers who purchased on higher floors who would need to be assigned lower floor alternatives, should the tower be completed with less floors.

If that's the case, then another can of worms will be opened. I purchased into this project after thinking about things like it's location and that it was advertised as the tallest residential building in the world, and not because it was just another tower that's going to be delivered at least 2 years late.

Much speculation at this stage, but there has to be a reason for the definate slow down. Whatever that reason is, it's being kept from the investors, which sounds to me like the developer is hiding something. If there was good news behind the reason I suspect that Tameer would be the first to let us know. It's just logic.

Tameer (like Damac) were classically using money received for one project to launch/market/build/fuckabout on another, hence the cancellations when things got out of hand. Typical "fish-market" techniques common with developers from this part of the world.

Dubai-Sail, i can say that for Elite Residence Tameer has received 30-40 % of the money out of Escrow account. So i hope that if they want more money they have to go on with the building.....May be for Princess Tower the situation is the same?

01/May/2009

Princess Tower

http://i40.tinypic.com/29e24wp.jpg

http://i43.tinypic.com/bdodph.jpg

http://i44.tinypic.com/2mzejhk.jpg

http://i43.tinypic.com/axz9lz.jpg

http://i41.tinypic.com/24bohfn.jpg

Since April 24th, the core hasn't moved but the tower is up 1 level

Any truth in the rumors that the tower is being downsized to cope with the crisis. ?

Nope that was just some people here saying what they think Tameer should do.

malek

Nobody suggested that that's what Tameer should do, or indeed what Tameer are going to do. What was said was, a possible solution may be to top out at a lower height. The possible solution given has a totally different meaning to what you’ve inclined. I know I'm not being argumentative here. Hopefully just clear.

I pointed out some time ago, and purely from observations and local information that things had slowed down with The Princess Tower construction progress. Next thing for me was ask why. The reason I asked why was because it was and still is important to me. I think more important to me than perhaps your good self.

There's a real problem here. I was so concerned with the slow down, that I called a meeting with Tameer. Tameer kindly agreed to meet with me at their Dubai Office.

I sincerely hope The Princes Tower reaches the glorious height of around 414m too.

I just need the truth.

There will be no Bulls**t from me on this topic.

Comments made regarding this tower, and all others in Dubai Marina need to be made with honesty. Honesty and integrity are priceless tools. False time-lines and deception are not so priceless. These cheaper used tools break with time.

7 floors in 4 months is only around half of the average progress compaired to last year. Perhaps the tools are breaking.

Dubai-Sail

Any truth in the rumors that the tower is being downsized to cope with the crisis. ?
Sounds like a NICE rumour to me !!

08/May/2009

Princess Tower

http://i42.tinypic.com/egz77m.jpg

15/May/2009

Princess Tower

http://i40.tinypic.com/14j5j49.jpg

http://i43.tinypic.com/dnn2n4.jpg

http://i39.tinypic.com/jqlu83.jpg

http://i40.tinypic.com/akcvu9.jpg

Core up 2 floors, tower up 1.

I think they're working on both the 59th and 60th floors.

Thanks for that Dubai Steve.Yes that's the post I was referring to. I think the floor under construction is around the 50th, and the 59th floor of the core is currently under construction. This observation is based on a new picture posted on to The Princess Tower thread by Imre Salt. I'll take a trip to the marina myself next week and confirm. Looks like construction rate is improving.

Any idea why things have slowed down here.

The fact is they have, but why is the interesting thing ?

Any idea why things have slowed down here.

The fact is they have, but why is the interesting thing ?
Really hoping they run out of money and finish lower so we can see over from TT but doubt it :lol::lol:

Really hoping they run out of money and finish lower so we can see over from TT but doubt it :lol::lol:

I was kinda hoping the same, but then a friend has bought on the 81st floor of princess so I now feel bad that i've been having those thoughs. :nono:

Really hoping they run out of money and finish lower so we can see over from TT but doubt it :lol::lol:

Don't worry Manutd, I'll invite you over for a bee :cheers:r, so you can have a look at the ocean :colgate:

Don't worry Manutd, I'll invite you over for a bee :cheers:r, so you can have a look at the ocean :colgate:


Ok will take you up on that :cheers:-

So will I if Liverpool win the Premiership next year . . .

So will I if Liverpool win the Premiership next year . . .

We will all be waiting for that then now Sir Alex is staying to keep rubbing their noses in it !!:cheers:

20/May/2009

Princess Tower

http://i39.tinypic.com/2ce6jdh.jpg

http://i43.tinypic.com/24c789f.jpg

http://i44.tinypic.com/2ntwh2s.jpg

http://i40.tinypic.com/actkt4.jpg

20/May/2009
Princess Tower
http://i39.tinypic.com/2ce6jdh.jpg

Its amazing how close they are, I bet parking and access will be a huge problem when they all get done.

Its amazing how close they are, I bet parking and access will be a huge problem when they all get done.

With 50% occupancy levels maximum. I seriously doubt that.

Might struggle at even 50 % ocupancy
Remedy = multi storey car park on Marina/Madain arcade site ?

yes but I think it wont be free.

Marina Promenade site is good for parking at the moment , it seems nothing will be happening there in the next 5-10 years...

Is this the final color of the cladding? It looks weak from the distance.

Any idea why things have slowed down here.

The fact is they have, but why is the interesting thing ?

still no idea but became very slow , same as the Elite Residence.

maybe the problem the money as always:)

http://i39.tinypic.com/mcybuf.jpg
http://www.constructionweekonline.com/article-5331-gulf_building_us_140bn_new_hotel_projects/

29/May/2009

Princess Tower

http://i41.tinypic.com/2ldepe9.jpg

http://i41.tinypic.com/2uh7i53.jpg

http://i41.tinypic.com/ev8686.jpg

http://i39.tinypic.com/6xsokj.jpg

http://i39.tinypic.com/x0v9j6.jpg

05/June/2009

Princess Tower

http://i40.tinypic.com/21alhch.jpg

http://i43.tinypic.com/2h4kowx.jpg

http://i44.tinypic.com/23hxbft.jpg

http://i44.tinypic.com/2v9rwh0.jpg

http://i44.tinypic.com/292xwmr.jpg

Some nice big dents in the cladding. lol :D

^^ Indeed, and the question is: Accidents or just bad quality panels as on Almas Tower in JLT?

Hope the former :runaway:

^^ Yep, I'll second that. It isn't bad enough PT is rising at a snail's pace..<:|>

12/June/2009

Princess Tower

http://i39.tinypic.com/i5c3gl.jpg

http://i44.tinypic.com/ifu0qa.jpg

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

http://i41.tinypic.com/2r7t2qr.jpg

15/June/2009


http://img31.imageshack.us/img31/2773/imresoltdubaiphotos001.jpg (http://img31.imageshack.us/i/imresoltdubaiphotos001.jpg/)

15/June/2009

Princess Tower

http://i42.tinypic.com/2mepg1y.jpg

http://i41.tinypic.com/122g401.jpg

http://i42.tinypic.com/70dr2v.jpg

http://i41.tinypic.com/29ql469.jpg

http://i44.tinypic.com/2dl41g3.jpg

Dang! Great shots Imre, boy am I gonna have a great view :banana: I don't care if I have to wait for another year or two, it's gonna be worth it:lol:

WOW! Awesome shots, Imre! :banana: A rare opportunity to see down inside one of these supertall's and admire how they are constructed. :)

This seems to be built in a strange way. Why are there no floorplates for the top few floors?

^^ Because the presence of the form work doesn't permit it.

26/June/2009

Princess Tower

http://i39.tinypic.com/f3yfqh.jpg

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

http://i39.tinypic.com/el1izk.jpg

http://i41.tinypic.com/30a85r6.jpg

Slowly getting there ... core up on 62 now. :cheers1:

Slowly getting there ... core up on 62 now. :cheers1:
Still nearly 40 more to go :omg:

This seems to be built in a strange way. Why are there no floorplates for the top few floors?

Does anyone have any info on how the floors are constructed. There are no starter bars on the core walls for the floors which suggests they're not concrete floors.

The Twin Towers used lightweight space frame beams to support a panel floor system. Fast and light. Could be what is in use here.:dunno:

If progress continues at the current rate, The Princess Tower will not even be topped out until 2011. Ocean Heights is fast tracking - That's some progress rate, but this one is progressing at just under one floor every 2 weeks, based on this years average.

Still nearly 40 more to go :omg:

Yep, slowly getting there. ;) At this stage with things the way they are it's very difficult to say when PT will top out?? I just hope it starts to speed up some time over the next few months. :)

Does anyone have any info on how the floors are constructed. There are no starter bars on the core walls for the floors which suggests they're not concrete floors.

The Twin Towers used lightweight space frame beams to support a panel floor system. Fast and light. Could be what is in use here.:dunno:

I find it strange to hear this, I was under the assumption all along that the floors on PT were concrete. Read that long time ago. :?

I believe ER will have steel floors/structure though.

So unless there is an amazing 'speed-up' with the progress rate of The Princess Tower, it will not top out until around Q3 of 2011, after which a further year or so will pass before handover. That would see this project completing around 4 years behind schedule.

I have been waiting for the next 'Revised completion date' since March of this year. Tameer very seldom even respond to my mails, far less answer the questions within. When I do hear from them Tameer always give the same response, and that is that the revised completion date will be given soon, which is not an acceptable response as it tells the investor nothing. 4 months later there has still been no revised completion date given.

http://i42.tinypic.com/jrsl6x.jpg

02/July/2009

Princess Tower

http://i39.tinypic.com/2r709zt.jpg

http://i40.tinypic.com/2h31qhv.jpg

http://i44.tinypic.com/k1xwk1.jpg

http://i44.tinypic.com/egybes.jpg

http://i42.tinypic.com/125ku40.jpg

62 Core - 51 Main

IMRE -one of the best pics I couldn't hang over the edge like that LOL

princess tower owners will have one hell of a view!

I need to contact Tameer with regards to confirming some payment dates, please could someone advise me of the best email address to contact them.

Many thanks.

IMRE -one of the best pics I couldn't hang over the edge like that LOL
Not much sun on the pool though??

DubaiLife

If you'd like to PM me I can assist you.

D-S, games for free . .

10/July/2009

Princess Tower

http://i26.tinypic.com/2e0iqyt.jpg

http://i27.tinypic.com/24ne16o.jpg

http://i28.tinypic.com/161nfyx.jpg

http://i25.tinypic.com/21kz39k.jpg

Can you help me out in getting a revised payment plan from Tameer? I paid already 50%. Please advice.

17/July/2009

Princess Tower

http://i27.tinypic.com/sg370l.jpg

http://i28.tinypic.com/2saxquq.jpg

http://i29.tinypic.com/2n695rs.jpg

Some canyon shots - from ground level - would be good. Never get enough of them. ;) Would like to see how much light has/is being lost between the towers the more they rise ... albeit ever so slowly.

27/July/2009

Dubai Marina, tallest block

http://i28.tinypic.com/2elypfp.jpg

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

http://i26.tinypic.com/6s3uqv.jpg

http://i25.tinypic.com/oji06x.jpg

31/July/2009

Princess Tower

http://i25.tinypic.com/209re2v.jpg

http://i27.tinypic.com/nv72wi.jpg

http://i32.tinypic.com/2ekuczn.jpg
http://www.gulfnews.com/gngalleries/galleries/10336951.html

Look at the visibility..:uh:

03.08.2009
By Imre

http://lh3.ggpht.com/_ZqK2vPa3OLw/SnffmgQx1wI/AAAAAAAAlTU/yE7TwBGDCgk/s800/ImreSoltDubaiPhotos14.jpg

Projection on current progress is that this tower will top out at around the middle of next year. Realistically, handover will be around the same time in 2011. It's moving on, but just slower than advertised.

It'll be the tallest tower in the Marina for years to come, even at this slower rate of progress.

Projection on current progress is that this tower will top out at around the middle of next year. Realistically, handover will be around the same time in 2011. It's moving on, but just slower than advertised.

It'll be the tallest tower in the Marina for years to come, even at this slower rate of progress.

have you considerd the Pentominium..... each floor is a penthouse.. each penthouse over 600 SQmeters... 120 floors, all residential, private elivator opens in each home.... and at a mere cost of a measly 85 million dollars u.s the most expensive apartment in the word, or so the say.. completion set for 2011 but iam seeing more like 2014-2015, the scale is unimaginable

http://en.wikipedia.org/wiki/Pentominium

have you considerd the Pentominium..... each floor is a penthouse.. each penthouse over 600 SQmeters... 120 floors, all residential, private elivator opens in each home.... and at a mere cost of a measly 85 million dollars u.s the most expensive apartment in the word, or so the say.. completion set for 2011 but iam seeing more like 2014-2015, the scale is unimaginable

http://en.wikipedia.org/wiki/Pentominium

Yes unimaginable is what it is - which is why Dubai Sail is right to say that Princess will be the tallest tower in the Marina for years to come. In the present new World we live in it's hard to think of the concept of Pentominium as anything but laughable!

07/August/2009

Princess Tower

http://i25.tinypic.com/2qx85za.jpg

http://i25.tinypic.com/dm4mfn.jpg

http://i31.tinypic.com/w9u3hl.jpg

http://i29.tinypic.com/mtm1za.jpg

10/August/2009

Princess Tower and The Torch

http://i28.tinypic.com/2m7ugwm.jpg

http://i31.tinypic.com/33wqz41.jpg

http://i30.tinypic.com/imkle0.jpg

http://i26.tinypic.com/18zspt.jpg

http://i31.tinypic.com/zu5rpy.jpg

14/August/2009

Princess Tower

http://i32.tinypic.com/14wdmxt.jpg

http://i31.tinypic.com/2cgy8lj.jpg

http://i32.tinypic.com/123qzo8.jpg

Thanks Imre