Nakheel launches Jumeirah Park

Nakheel, the UAE's leading real estate developer, has launched the fourth member of its Jumeirah family: Jumeriah Park.

http://www.ameinfo.com/images/news/6/29186-jp.jpg
Jumeirah Park.

The development joins Nakheel's current portfolio of Jumeirah communities - Jumeirah Islands, Jumeirah Village, and Jumeirah Golf Estates.

Centrally located within 'new Dubai', between Sheikh Zayed Road Interchange 5 and 6, Jumeirah Park is a secure, integrated and family orientated residential community spreading over 370 hectares. The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. Villas are designed to meet the needs of the modern family, with an emphasis on open plan living, and include private terraces and gardens, private spacious double garages, and individual temperature controlled swimming pools for four and five bedroom villas, which will also be available for purchase with three bedroom villas. Villas range in size from 3595 sq ft to 5509 sq ft, and prices will start from AED 2.4 million. Construction is due to begin early 2007, and the project is scheduled for completion in 2009.

A fully integrated community, facilities within Jumeirah Park include a childrens' day care centre, childrens' play area, and kindergarten through to secondary school. At the heart of the development will be a community centre, featuring a department store, bank, post office, pharmacy and cafes, as well as a shopping centre including a variety of restaurants. In addition to on-site security, there will be police and fire stations within the development, and a clinic and a hospital within a few minutes drive. There will also be a Jumaa Masjid and a number of local masjids.

True to the development's park theme, there is a strong emphasis on outdoor lifestyle. There will be jogging, walking and cycling trails as well as outdoor exercise areas, a gym, and the community clubhouse will feature tennis courts for the exclusive use of residents. The development will also include a number of eco-friendly features including hi-tech waste recycling facilities, and environmentally friendly building methods, including insulated building materials.

Chris O'Donnell, Nakheel Chief Executive, said: 'Each of the Jumeirah family is distinctive in identity, but what unites these developments is the combination of premier location with quality living, and Jumeirah Park is no exception. It is a project that is faithful to Nakheel's core values - bold, innovative and with close attention to quality of detail. Jumeirah Park will be the perfect community for families looking to enjoy an integrated community at the heart of Dubai's most desirable district.'

Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, said: 'There is currently strong demand in Dubai for high-end villas situated within a family-friendly community. Jumeirah Park is a key part of meeting that demand; the villas themselves are spacious, with a flexible open plan design ensuring that residents can adapt their home to meet their family's needs, while its excellent location means attractions such as Ibn Battuta Mall, The Palm Jumeirah, and Burj Al Arab are a short drive away. This, combined with the wealth of on-site facilities and green open spaces, means that Jumeirah Park is set to become one of Dubai's leading residential communities.'

Sales for the development were launched today at the Nakheel Sales Centre, located on Al Sufouh Road, at the foot of The Palm Jumeirah. In addition to this, Chris O'Donnell, Nakheel Chief Executive, today officially launched a new Nakheel Sales Centre located in the China Court of Ibn Battuta Mall. Open 7 days-a-week from 10:00 - 22:00, the new centre provides current and potential customers a convenient alternative for purchasing Nakheel properties, and an easily accessible information point for receiving the latest updates on Nakheel's projects.

yeah that...pics soon.

R

http://www.jumeirahpark.com/

http://i1.tinypic.com/2uz87r5.jpg

R

well some kinda Ranches or Springs.

quite nice, what would u expect... i guess this was part of the old Jumeirah Village at first, remember they cancelled a lot of villas.

looks pretty good, location right next to the arabian canal.

that first image of the website is awesome..

So this is just half of jumeirah village relaunched then? Masterplan looks better than the old

more or less.

the video is quite nice, should be a good development, well, similar to Springs Meadows etc.

this will be the real Dubai suburb :D

the project has "trouble" written all over it...

As far as i am concerned, Nakheel is a DEFINITE NO NO! They are not as organized as Emaar and they definitely don't have proper PLANNING. I think they need to concentrate on completing their current projects instead of taking on new ones! Somehow, the JV project's fate seems to be imminent for this one.

i agree nakheel is - at the moment - nowwhere comparable to Emaar, but as i said before, after the company has been restructured, things are organized much better.

Palm Jumeirah will turn out great and - btw - Jlt is no longer a Nakheel project.

the project has "trouble" written all over it...

c'mon what is so bad about it right now..
and don't talk to me about Jumeirah Islands, i have spoken to someone who rents a villa there and he absolutely loves it, the only thing which really bothers him is that there are no shops close by, e.g the missing village centre.

^^ Nakheel's history is what makes it "so bad". You spoke to one JI owner? What about the many JI owners that have regular been covered by news reports about poor quality and long delays in JI? Surely they are not lying. PJ will turn out "great" but when? PD is what sets Nakheel's "standard" in reputation... and let's not even get started on Jumeirah Village and the amount of money people have lost investing in it.

We were one of the investors of JI. We were given an absolutely fantastic townhome location, but thanks to restructuring, we lost out on the location. Fortunately, they gave us an option of refunding our money or reinvesting it in another Nakheel project. We did the smart thing and asked for a refund. I am NEVER investing in Nakheel again. Emaar is where its all at, and i wouldn't think twice before investing with them again.

The problem with Nakheel is that they always announce these "gazillion villas" projects which look like some mass housing system! Look at Emaar's Arabian Ranches; that really shows beautiful a project can be. I agree that the Meadows and the Springs aren't Emaar's best but they have certainly improved over time. Personally, i would rather invest in commercial-residential hubs such as Burj Dubai over an over again, because that is one place that will always give you more value for the buck!

^^ My feelings exactly. Springs and Meadows can be forgiven (although Meadows is still the best villa development in Dubai along with Emirates Hills) coz these were one of the first freehold developments in Dubai.. Emaar has come a long way since then and has a very bright future indeed. Dubai Marina and Burj Dubai downtown are world class projects - something Nakheel will never be able to match.

BTW flo, there's a lot more missing that was intially promised in JI than just the village centre

^^ The Golf course, yes.

But it i still can't see the "many" JI owners, who complaint, we had this one horrible report in GN, of course it came over and over again, and the flooding report, well that is something not only Nakheel suffered from ... :runaway:

I do prefer Emaar, hell, of course there is no comparison.

But i just can't understand why the first thing u say when this project here is announced is that it "has written trouble all over it"

My personal opinion - The 3 master developers of Dubai should immediately stop announcing any more new projects indefinitely... until a)Urgent priority is given to projects that have exceeded their expected completion dates, b)An acceptable compensation law comes into place to deter other lamearse companies who deliberately under-quote completion dates and c)Investor confidence is back up to reasonable levels again.

Buyers camp out for 12 hours as Nakheel hails excellent first day sales of Jumeirah Park

Nakheel, the UAE's leading real estate developer, achieved excellent first day sales for its newly launched Jumeirah Park project, with all released properties sold out.

http://www.ameinfo.com/images/news/3/29233-nakeh.jpg
More than 400 people waiting for Jumeirah Park sales to launch at Nakheel Sales Centre.

A 370 hectare family orientated residential community located in the heart of new Dubai, villas at Jumeriah Park went on sale yesterday at the Nakheel Sales Centre, as well as the new Nakheel Sales Centre located in China Court at Ibn Battuta Mall, which was officially launched by Nakheel Chief Executive, Chris O'Donnell, and Senior General Manager, Yousuf Kazim. Queues started forming 12 hours before sales had opened, and by opening time the queue was more than 400 strong at the Nakheel Sales Centre, with a further 100 buyers at Nakheel's new Sales Centre at Ibn Battuta Mall. More than 900 properties were purchased on the day.

The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. With villa prices starting at AED2.4million, buyers were able to take advantage of the services of four different home finance service providers to purchase their property. Mortgages were available to buyers from Amlak, Barclays, HSBC, Tamweel, and who can offer mortgages of up to 97%.

Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, said: 'We are absolutely delighted with the opening day sales of Jumeirah Park, in particular that many of the purchasers are end-users; our pre-launch research showed that there was strong demand for high-end, villas with excellent amenities situated within a family friendly community, but we were overwhelmed by such exceptional levels of interest and the number of sales. The huge queues and outstanding sales are clear evidence of both the market's buoyancy and the strong reputation Nakheel has built for delivering quality products. Jumeirah Park is located within Dubai's most desirable district, and we expect sales to continue with the impressive momentum shown on the first day.'

Manal Shaheen, Director Sales, Marketing & Customer Services, said: 'These sales are a clear 'seal of approval' from the market recognizing both what Nakheel has already achieved, and will continue to achieve in the future: bold, innovative, and visionary projects that meet our customers' needs. Sales of the first phase have now closed but there will be new phases launched in the future.

'The new property law announced in March has not only helped welcome new breeds of investor, but has also attracted more home financiers into the market. Jumeirah Park is a development which focuses on family, and as such we want to make it as easy as possible for families to invest in this development. Amlak, Barclays, HSBC, and Tamweel are all companies with excellent pedigrees, and such a strong portfolio of mortgage provided excellent choice for the consumer - a fact witnessed with the excellent opening day sales at Jumeirah Park.'

Sales of the first phase have now closed.

http://i5.tinypic.com/2n8q2y8.jpg

R

http://img112.imageshack.us/img112/6216/jiyz5.jpg

Great idea if Nakheel concentrates more on commercial projects than residential in the future. Same goes for Emaar. There is clearly a current imbalance between available office space and accommodation and this is something the master developers need to address.

Great idea if Nakheel concentrates more on commercial projects than residential in the future. Same goes for Emaar. There is clearly a current imbalance between available office space and accommodation and this is something the master developers need to address.
Well, business bay solves that problem I think

^^ Only about 55% of business bay is commercial space

there is no doubt more commercial space needed and Nakheel is the only one of the big three which does not have any big commercial projects except JV in its portfolio.

that render above looks awesome..

and people are still queing to buy..

^^ Only about 55% of business bay is commercial space
Well, business bay has potentially around 500 towers. 250 commercial towers is an absolute shitload! Plus you have to count in the various towers in media city, jumeirah village, JLT, etc. Maybe there aren't that many in each but when you add them up there are a good few.
Methinks there's be oversupply of office space aswell as every other sector in the future. Maybe not next year or the year after but it could well happen in 5 or 6 years.

there is no doubt more commercial space needed and Nakheel is the only one of the big three which does not have any big commercial projects except JV in its portfolio.

Well, if they do lets hope they plan it next to business bay, difc, etc so that the main skyline can get even bigger :eek:

For Business Bay to fill up, it will probably take 25 years....

this project is a replacement of JV north

http://skyscrapercity.com/showthread.php?t=139059

^^ that is what i said before.

we should maybe rename this other thread to JV south?

Done

Nakheel takes a stroll in the park

Local property developer Nakheel, part of Dubai World, plans to build a new residential development between Shaikh Zayed road and Emirates road in Dubai. Construction is due to begin in early 2007.

Known as Jumeirah Park, the project will be adjacent to Jumeirah Islands. It involves the construction of 2,000 villas ranging in size from three to five bedrooms, a central retail centre and municipal buildings.

Spread over 3.2 square kilometres, construction will be phased with the first villas ready by 2009.

Beirut-based Dar al-Handasah (Shair & Partners) is the consultant; US-based EDSA prepared the masterplan; the local Al-Khatib Cracknell (AKC) is the landscape consultant; and Australia’s Bovis Lend Lease is the project manager.

Dubai-based Palm Water will build a sewage treatment plant (STP) to serve Jumeirah Park.

The proposed plant will have capacity of at least 150,000 cubic metres a day and will also serve Nakheel’s Jumeirah Golf Estates, Jumeirah Village and Jumeirah Islands developments. The local office of KEO International Consultants is the consultant.



R

This project is really good but i think nakheel shud have given the ex owners of jumeirah village whose villas got cancelled a villa in jumeirah park. i think negotiation between the buyers is in progress.

i personally like the 5 bedroom villas-the ones with the round middle...:D

reason for design/name change

Highway plans force redesign

Nakheel has launched a 2,000 villa residential development called Jumeirah Park after part of its original Jumeirah Village development was abandoned as a result of plans to build a new highway through the site.

The US $1.3 billion (AED5 billion) project is the fourth Jumeirah-branded development to be launched by Nakheel and follows Jumeirah Islands, Jumeirah Village and Jumeirah Golf Estates.

The site had been earmarked for the next phase of Jumeirah Village. But the developer was forced to revamp its original plans to accommodate the ‘Parallel Roads’ that will link Jebel Ali with Bur Dubai.

“We have created corridors in our designs for the East parallel road. It will then move toward Emirates Hills and continue on,” said Yousuf Kazim, general manager of Jumeirah Islands, Jumeirah Village and Jumeirah Park.

^^ that is probably the road connection to Al Khail road which was mentioned before and runs straight through Emirates Living and Hills?

yea thats the one..

I wonder how many of the 500 ppl who queued up were in actual fact, just taking ownership of their "owed" villas after their cancelled Jumeirah Village ones.

reason for design/name change

Highway plans force redesign




this is not true, because you can check it on the map, old JV design had like a lake and a small cluster of villas that would have to be removed to have the road there, so there was no need to cancel the project and launch a new one.

althought this master plan is better, i think Nakheel has different reasons ;)

^^ Care to suggest any?

^^ Care to suggest any?


yes maybe they lost the original plans :hammer:

get the new brochure, check the road lines, and draw them on the old map, and u will see what i am saying, they will only need to remove like a cluster of 10 - 20

ok, so basically nakheel are the most disorganised company in dubai...possibly as bad as damac. they cancelled ALL 3 AND 4 bedroom homes, large and small and moved the townhouses and the 2 bed villas to jumierah village south

the whole north thing is jumeirah park...that means there will be less towers in the south. the thing i dont get is why start a new project when people have been WAITING 2 years for something to happen. and with the whole building showhomes and stuff everyone thoght that it was going to happen but it didnt. we even went to nakheel a month before they sent out the letters of the cancellation and they said construction has started and the villas are being made smoothly.

what a crap company....

^^ :lol:

yeah they really fucked up the JV thing...

and best, their excuse is the new road connecting the airport to Al Khail road.. :bash:

wat is the price of a 5 bedroom house in this project

well 4 bedroom is around 3.9 so 5 bed would be about 4.5?

http://213.132.40.154/Nakheel/JGE/Emails/21122006/Images/phase5.gif
http://213.132.40.154/Nakheel/JGE/Emails/21122006/Images/mainPic.jpg
http://213.132.40.154/Nakheel/JGE/Emails/21122006/Images/villasForSale.gif

Payment Scheme 4 Bedroom 5 Bedroom
Prices starting from AED 4.55 million AED 4.8 million
Initial Down Payments 10% 10%

Jumeirah Park Payment Schedule
A 10% On Booking Deposit
B 15% March - 2007
C 25% September - 2007
D 25% March - 2008
E 15% September - 2008
F 10% Final Installment - On Completion


AltTab

thnx AltTab for the update

but it is expensive no?

has work started?

http://img265.imageshack.us/img265/8415/photo029kb4.jpg

^^ looks like it.. levelling and ground work. cool!

during the sale, there was a huge demand for the legacy small 3 bedrooms and that is still the case even with premiums going as high as 20%

during the sale, there was a huge demand for the legacy small 3 bedrooms and that is still the case even with premiums going as high as 20%

Not only the small 3BR Legacy Villas where sold in phases, realistic offers for the same stand at premiums of 10% (for details please pm me), I agree that there are always some greedy owners asking for even more though.

I heared some more villas released at J/Park today. Any info?

yes, Nakheel has a new launch today.

but the resell market you can get cheaper price than Nakheel price.

:lol: :lol: :lol:

yes, Nakheel has a new launch today.

but the resell market you can get cheaper price than Nakheel price.

:lol: :lol: :lol:

:shocked: thanx Imre.

Jumeirah Park

http://img96.imageshack.us/img96/1351/jpmasterplanaug2206ol9.jpg (http://imageshack.us)

http://img451.imageshack.us/img451/5791/jp3vltradiaug22fy3.jpg (http://imageshack.us)

http://img266.imageshack.us/img266/9352/jp5varabicaug22or7.jpg (http://imageshack.us)

http://img96.imageshack.us/img96/153/jp5vensuiteaug2106jr7.jpg (http://imageshack.us)

http://img451.imageshack.us/img451/8858/jp5vkitchenaug2106aa2.jpg (http://imageshack.us)

http://img337.imageshack.us/img337/2918/jp5vmediaug22vs1.jpg (http://imageshack.us)

^^ Excellent work, Imre Nice one.:cheers:

:drool:

15/May/2007

Jumeirah Park

http://img176.imageshack.us/img176/2172/imresolt51vw2.jpg (http://imageshack.us)

Why is the road reflecting in those renders? I dont like the ones with the circular band around them :ohno:

Anyone update?

Dodsal to build Jumeirah Park villas for Nakheel
CONSTRUCTION UAE
20 Jul 2007
UAE-based Dodsal has won a contract, worth about $250 million, to build villas in the Jumeirah Park residential complex, planned by local property developer Nakheel.

The 20-month contract covers the construction of 380 five-bedroom villas in the development, which lies between Shaikh Zayed road and Emirates road in Dubai, adjacent to Jumeirah Islands, another Nakheel development.

The project is spread over an area of 3.2 square kilo*metres. Future work will cover the con*- struction of three and four- bedroom villas. The first households will be ready by 2009.

Beirut-based Dar al-Handasah (Shair & Partners) is the consultant, US-based EDSA prepared the masterplan, the local Al-Khatib Cracknell is the landscape consultant, and Australia’s Bovis Lend Lease is the project manager (MEED 8:9:06).

R

just read this post.
Any body knows if the villas on JP still cheaper in the reselling market (compared to when they were bought initially) ?
What would the prices be for these 4 -5 bedroom villas now (from the market) ?
It seems from the current discussion JP doesn't seem to be wise investment for now (or will have to wait & see) ?

The problem with JP (besides being a Nakheel project), is that the payment you put down, you get nothing over the time it is being built. It would be better puting your money into the money market during that time. Its price increase has not been in line with the monetary increases in other investments.

"being real in dubai"

Can any one get new pictures?

Guys any update on the construction?

Very very nice Imre.

18/October/2007

Jumeirah Park, Jumeirah Heights

http://img153.imageshack.us/img153/6797/imresolt127xz1.jpg (http://imageshack.us)

http://img153.imageshack.us/img153/3463/imresolt128hy5.jpg (http://imageshack.us)

Thanx so much for the pics

Any one heard something new about the project?

^^--ditto--::nuts:

waste of land :(

They should build Al Burj there

The question, will Nakheel deliver the project in 2009?

^^ Look at the pictures and you'll see the answer for yourself :cheers:

Can somebody explain me why Legacy villas (in the secondary market) are more expensive than Regional/Heritage?

^^ You mean why Chiquita bananas have not the same price as Bonita bananas?



;)

Dear Imre, When do we expect your next update with picture please?

The question, will Nakheel deliver the project in 2009?

Probably will be delayed by two years, like most of Nakheel's projects.

Any new pictures available? I Passed by and i can see the ground work for the houses. I dont think it would be delayed by much. I bought a house there. So cant wait until its complete.

The new announced parallel road going between Jumeirah Inland and Jumeirah Park will defiantly increase the prices.

I just hope its completed by 2009 lol.

some villas already rising , I saw from the road but couldnt go inside, security asked a permission and I dont have.

^ Thank you very much for your reply in this thread and via the PM. :)

We (buyers) waiting IMRE to get us new pictures from the site. I really cant thank him for what he doing for us.

07/March/2008

Jumeirah Park

http://img292.imageshack.us/img292/3572/imresolt001ig1.jpg (http://imageshack.us)

http://img205.imageshack.us/img205/7258/imresolt002lr0.jpg (http://imageshack.us)

http://img292.imageshack.us/img292/2223/imresolt003fg4.jpg (http://imageshack.us)

view from the Jumeirah Park

http://img205.imageshack.us/img205/5296/imresolt004ff3.jpg (http://imageshack.us)

Thanks so much Imre. These villas are the five bed room which Nakheel signed their contract few moths ago. The scary thing is htat the 4 & 3 bed rooms villas are not yet even contracted. That means we will not see them before 2010 while the promise from Nakheel was 2009.

Dear Nagshah,

Your concern about the project delay has come true. Received an e-mail from Nakheel stating that the project will be delayed.........they will communicate the new date as well as a revised payment schedule soon. The payment due in March is cancelled.:ohno::ohno::ohno:

Any one has an idea when is the new date for the project completion?

I have received the same e-mail indicating the delay and revising the payments but no words of completion date etc or any other relevant info;
I think we have to wait for further news from Nakheel office.:ohno:

Have anyone heard something about the completion date?

I emailed Nakheel, and I actually got a response by a very kind lady named Muna. After reading all of your posts, I freaked out because I never received/heard anything about the delay not by email or phone. Anyway the lady did say that it would be at least 6 months..........I hope so. The construction fees are going to be outrageous!

http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/construction-updates/jumeirah-park/jumeirah-park/Jumeirah-park-Feb-2008-08-1207481232655.avsFiles/Image/feb08_08.jpg

http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/construction-updates/jumeirah-park/jumeirah-park/Jumeirah-park-Feb-2008-01-1207480681905.avsFiles/Image/feb08_01.jpg


http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/construction-updates/jumeirah-park/jumeirah-park/Jumeirah-park-Feb-2008-06-1207481088749.avsFiles/Image/feb08_06.jpg


http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/construction-updates/jumeirah-park/jumeirah-park/Jumeirah-park-Feb-2008-01-1207480681905.avsFiles/Image/feb08_01.jpg

Bizzybonita, ^^ all pictures except the first one are the pictures of Jumeirah Heights construction site.

jumeriah park and heights too close to each other :D

So when is the project going to be handed over to residents ? Any exact date. I've heard the project has appreciated in value recently ?

So when is the project going to be handed over to residents ? Any exact date. I've heard the project has appreciated in value recently ?

HOPEFULLY Nakheel knows. No news from them on the revised handover date as well as the new payment plan.

Was on the site yesterday and as I had anticipated I saw good progress on just 2 villas (looked like 5 bed Legacy & Regional). I guess they want to complete these show villas & launch the sale of Phase 10 i.e. the cluster close to Jumeirah Island.

jumeriah park and heights too close to each other :D

You took pictures of Jumeirah Heights construction site. I was there exploring the area :)
You can see lake on your pictures. There is no lake in Jumeirah Park.

http://img390.imageshack.us/img390/8396/jhjpyw6.jpg

^^Catch me dude :) in fact it's not for me (pictures) , it's goes for one of the best real estate website ... i can't belive that :D

DXB fan do you have any pics of the two villas that you saw coming up? I usually drive around and 'explore' but I haven't for awhile, I saw the base of the villas and the main pillars. I'm eager to see the update.

DXB fan do you have any pics of the two villas that you saw coming up? I usually drive around and 'explore' but I haven't for awhile, I saw the base of the villas and the main pillars. I'm eager to see the update.

I'll try to visit the site soon again & then post few pictures.

What a waiste to build road so close to canal?

^^Catch me dude :) in fact it's not for me (pictures) , it's goes for one of the best real estate website ... i can't belive that :D

Never trust them, mate!
They always mess up the mess :bash:

MUCH LUV PLAYMAKER :) Don't worry mate next time i will use your'e UFO :D...

MUCH LUV PLAYMAKER :) Don't worry mate next time i will use your'e UFO :D...

That would be much appreciated if you only use it as a joke :colgate:

http://img152.imageshack.us/img152/6254/dsc00991jj0.jpg
http://img527.imageshack.us/img527/817/dsc00990uc0.jpg
http://img185.imageshack.us/img185/951/dsc01013yc7.jpg

A vision turning into a reality. :)
I like the feeling!

http://img152.imageshack.us/img152/6254/dsc00991jj0.jpg

There are too many windows in the villa and they are too big. There should be twice less windows and they should be twice smaller :laugh:

Thanks for the pics DXBFan! You're awesome!

30/05/08
http://farm4.static.flickr.com/3072/2547613619_8ba8dc338c_o.jpg

Have any one heared when is the completion date? Nakheel advised us about the delay but now what is the delivery date? Orignally was mid 2009! Now what? 2011?

Any one know if Nakheel contracted the 3 Bed Rooms vellas?

No new pictures?

at least a plot map

http://www.homes4udubai.com/images/Jumeirah_Park_Masterplan.jpg

So when will the model homes be ready? I know that my villa 3 bdr legacy large phase 2 has been delayed till march 2010. Anyone got any updates on the pictures?

Just got off the phone with nakheel (after several emails with no response:) ....Our due date was march 2009, however they confirmed that it will not be complete till march 2010 also:( the stupid Nakheel website states that the project will be complete Q3 of 2009

It seems that all correspondence has gone through the bank and I never officially received anything about the delay. Has anyone received an updated newsletter at least? The website hasn't been updated since 2007!

Hey jellyfish, I had received a letter about the delay extending till to March 2010 also, plus I received a letter which has changed the payment schedule for the villa. But i havnt received an updated newsletter about the project. the rumor is that nakheel will launch its model homes this cityscape in dubai.
If anyone knows anything about this project update, please spread the news...

Mirza, in terms of model homes.......a friend of ours took us to the 'unofficial' model homes that are located close to emirates hills.....It's a little cul de sac next to the old Nakheel office. It has a few homes (Jumeirah village 2 bedrooms, Jumeirah park 3 bedrooms small, and a 4 bedroom...) it is monitored by a security guard. After pleading with him he allowed us to peek through the windows briefly. He also confirmed that they were supposed to be the model homes but they were closed off because some important nakheel exec or something's mother stays in one of them....Now this was last year before summer break......When I asked Nakheel if there were any model homes in the past they always said no:(

Out of curiosity .......do you personally know of families that purchased JP villas to actually live in for themselves or are they mostly investors?

Jellyfish, including me I know a friend of mine who has bought a 4 bedroom Jumeirah Park Legacy, and I've met a few people about 4-5, not friends of mine, who plan to live there. So including me there are about 7 people who I know want to live there. Plus I actually dont know anyone or met anyone who bought a villa there just for investment.

Here is another messed up Jumeirah Park home owner getting in on this thread. I bought to live in it and planned to relocate in Jul. 09, but clearly Nakheel has decided otherwise. This guys are now sitting on our cash, do you know what are the implications, do they bear the cost burden....? One more question...how many phases are there in the JP project, I am not sure what phase my home falls in.

Dear kobgnirps,

Welcome aboard:) Are you a cash buyer or did you go through the banks? Regardless, make sure that you contact Nakheel and/or your bank asap if you made a payment recently according to the old pay schedule..... They should reimburse you for that last payment.

Our due date was March 2009 and we were told 'unofficially' from a Nakheel guy that it will be delayed until march 2010:( However, their website states that handover will be 3rd qtr of 2009.........go figure:bash:

Is the payment plan construction linked or the usual "every 6 months" plan? Also, can one of you post the old and new payment plan if possible? That would be a great help.

Thanks.

Date Amount (AED) Amount %
304,320 10% On Booking Deposit
31 Mar 2007 456,480 15%
30 Sep 2007 760,800 25%
31 Mar 2008 760,800 25%
30 Sep 2008 456,480 15%
31 Mar 2009 304,320 10% Upon Completion

The revised payment schedule I received in NAKHEEL's communication dated 1st July 2008 is as follows:

Date Amount (AED) Amount %
304,320 10% On Booking Contract
31 Mar 2007 456,480 15%
30 Sep 2007 760,800 25%
01 Sep 2008 304,320 10%
01 April 2009 304,320 10%
1st Nov 2009 608,640 20%
31 Mar 2010 304,320 10%

Thanks Camac. New payment plan is pretty convenient :) Only 10% to be paid in 2008...Awesome!

Any one has new pictures?

Hello All, new user. Any idea on what the upkeep costs would be ? reckon similar to Jumeriah Islands ? Is delivery date a function of the phase number ? I am in phase 9 ( 4 bed) and the ETA is Dec 09....

Jellyfish,
thanks a ton for your reply. I have financed my property through a bank. I am going to get in touch with them to make sure they have got a refund. As per the new payment schedule posted by Camac they would have overpaid by 15%. Are you saying this will be refunded?

By they way I checked the contract and they conveniently have a clause under the heading competion date, which says they can advance by 6 months or delay by 12 months the completion date with no implications.

So since my original competion date was Mar. 09, I think I am only going to get the property in Mar. 2010.

Any update on the model home's situation?

Hi did anyone read abt the house fee and DEWA fee, etc. How expensive will it be to own a house in UAE? Any idea the fee is going to be on the original price or the purchase price of the house?

My freind went to Jumeirah Park last week and he told me don't expect any thing before 2011

Just got off the nakheel website and was really upset to see that Furjan (which was launched way after Jumeirah Park) will have an onsite office and model homes available for viewing. I then hopped on to the lovely JP website and still not even an updated newsletter. The last newsletter was October 2007

See thread below:

Nakheel opens first on-site Sales Centre at Al Furjan

A new initiative by Nakheel to maximise on-site experience
Launch event to be held on 23 October at Al Furjan
Dubai, 22nd October 2008

Dubai's master developer Nakheel will tonight announce the opening of its first on-site sales centre at Al Furjan, a new initiative to maximise the first-hand experience for buyers at its developments. The sales centre opening will be celebrated with a VIP event this Thursday evening, 23 October, which will be attended by His Excellency Sultan Bin Sulayem, Executive Chairman of Nakheel.

The on-site sales centre and show villas will welcome both existing and potential buyers to the Al Furjan development, giving them an important insight into how the development is progressing and a feeling for the location and ambience of this community-based development. By welcoming visitors on-site, Al Furjan can successfully promote the principles of community living, the basis on which this development is formed.

On this occasion, Mohammed Rashid, Director of Al Furjan said:
"We are very proud to be opening this sales centre and the show villas at Al Furjan. I am sure that the show villas will prove incredibly popular and will be well visited by existing and potential buyers who wish to see how Al Furjan will take shape as a new Dubai community.

"Nakheel is committed to customer service and the opening of the on-site sales centre at Al Furjan will maximise the buying experience by giving visitors first-hand experience of the community that they will soon become a part of."


HELLO!!! HOW ABOUT OUR FIRST HAND EXPERIENCE???? :(

Someone mentioned in one of the earlier posts about Jumeirah Park show homes being ready but temporarily off-limit as some VIP was living there. Did you try taking a look at those?

Hi Docc. I'm the one that posted that earlier, Yes we did snoop around there and were able to only peek inside the three bed small (after begging and pleading.) The villas clearly looked abandoned and the pool area was dirty, definitely not a meant to be a show villa. The guard told us that they were the JP villas, however, I have my doubts because the layout seemed different than the ones online. The villas that were present were: two 3 bedroom small villas (one of which was occupied thus (the lovely guard sitting in the garage,) there was a four bedroom, and few Jumeirah village 2 bedrooms. Again, this is the info that the private security guard told us.

Does anyone know how much the maintenance fees will be? My friend bought an apartment recently and was told that it would be 6dhs/ft2 yet upon handover they asked for 60,000dhms/year!!! this is for a 3 bedroom apartment on sheikh zayed. I'm also concerned about this new DEWA fee:( does anyone know how much people pay in Jumeirah Islands?

^^ Oh ok, didn't realize that.

Regarding the maintenance fee, there will be a master community service charge. Villa's are not charged the same per Sft charge as apartments so don't worry about it. For instance, one of our family friend's who live in the ranches pay a monthly fee of AED 625 as community service charge, so you can expect to pay around the same.

In Discovery Gardens, service charge is AED 30/Sft including chiller fee (AED 21 without it), which is ridiculously high for a middle income community. Since your friend's apartment is on Sheikh Zayed Road, service charge is high as its a prestigious location.

Coming back to Jumeirah Park villa's, are owners expected to move in by mid 2010? Has anyone been on-site?

HOPEFULLY Nakheel knows. No news from them on the revised handover date as well as the new payment plan.

Was on the site yesterday and as I had anticipated I saw good progress on just 2 villas (looked like 5 bed Legacy & Regional). I guess they want to complete these show villas & launch the sale of Phase 10 i.e. the cluster close to Jumeirah Island.

I'm sorry to dig up such an old post but i'm curious about what you said. Since launch till May this year, there's only been construction of 2 show villa's? Thats it? Are you sure those villa's weren't actually end user villa's and not just show villa's?

The reason i ask is that i'm scare about the extremely slow progress by Nakheel. I'm purchasing in Al Furjan and am wondering if we will have to go through these same delays that you guys are facing. Only consolation here is that Al Furjan already has its sales centre and 6-7 show villa's ready; so i'm hoping that they don't plan to delay it way beyond the July 2011 date that we have been promised.

Opinions?

Hi All, I'm also a JP proud homeowner disappointed by Nakheel's delay.
I've been following the prices of JP especially 3BR, I noticed they have gone down a bit lately!
I'm hoping this is just a short phase and things will pick up again in 2009.

Do any of you JP owners live in Dubai? please can you continue to monitor construction and upload pictures of progress??

I live in Dubai, and about a week ago, i went driving by at night. People were busy working on the villas (@ 10 pm). I was surprised to see such progress. I've heard several rumors at work about nakheel and emaar stopping some projects, but i believe the ones on hold are the ones that are still in the 'vision' stage not the ones that have started............maybe thats wishful thinking????? I'll try to get some pix next time I go out there. Hopefully this will ease your mind:)

Jellyfish ! thanks a ton, truly appreciate it...maybe we can catch up for a drink when I move with my family.

Looking forward to see some pictures.

Sorry, no pictures this time........However, my husband drove out over the weekend and was impressed with the progress.......again many people were still busy working. He said he saw townhomes that were connected? do any of you know about these???

Any one has a freind inside Nakheel to give some kind of update on the construction?
y feeling they will not deliver before 2011.

http://img219.imageshack.us/img219/5002/dubainov2008739aq5.jpg (http://img219.imageshack.us/my.php?image=dubainov2008739aq5.jpg)


http://img219.imageshack.us/img219/4082/dubainov2008730gf9.jpg (http://img219.imageshack.us/my.php?image=dubainov2008730gf9.jpg)

^^ Excellent, thanks a ton for the pics. Did you take these pictures? If you didn't, can you give us the link to the photo album?

What's the empty area in the foreground?

What, you had a perfect view point of al burj and didn't take a pic? :)

finally some pictures ! thank you Tony. Looks like a great deal of progress compared to what I saw when I was there in Jul. 2008

What, you had a perfect view point of al burj and didn't take a pic? :)

Picture just for you Malec:)

http://img100.imageshack.us/img100/233/dubainov2008032jv7.jpg (http://img100.imageshack.us/my.php?image=dubainov2008032jv7.jpg)

^^ Excellent, thanks a ton for the pics. Did you take these pictures? If you didn't, can you give us the link to the photo album?

What's the empty area in the foreground?

Pics taken from our balcony in JLT, hopefully handed over in next few months and be able to take more pics when in Dubai.

The empty area is DMCC Business Park.

http://www.skyscrapercity.com/showthread.php?t=539864

^^ Excellent, thanks :)

^^ Thanks Tony.

You'll have a direct view of NHT when it's done :cheers:

A friend of mines recieved a letter from Nakheel informing him that his villa will be delivered May 2009. His villa is 5 beds. Have any one recieved the same?
Nabeel

Nagnash, just a question, was your friend told that it would be delayed until 2010 previously (new payment schedule?)

I visited the site about 3 weeks ago and actually drove through it (don't ask me how, this was my husband's daredevil actions :bash:) Well as i was totally freaking out ....we drove through most of the project and actually found our home which is being built close to the grand mosque/huge roundabout.
The 5 bedrooms are impressive and look practically finished. They had 2 that looked like 'show villas' with landscaped yards. Throughout the project you will see signs on the villas that state the type, zone letter and villa number along with the style type: contemporary/traditional... I was truly shocked to see how much was completed already... The Nakheel website says that delivery will be Q3 of 2009..........People were working around the clock...

SORRY I SPELLED YOUR NAME WRONG :ohno: nagshah

^^HI jellyfish.

Did you click any pictures by any chance?
If yes can you pl upload them.

So as per you work in Jumeirah park is going on full swing..

Jellyfish, you and your husband have done a great service to all the Jumeirah owners. Thank you. Do you have any clue whether JP03VL085 which is also close to the large roundabout will be delivered by 3rd quarter 09. The last I found out they said
Mar. 2010, but now as you mentioned the wesite says 3rd quarter 2009. As Mrcricket says any pictures will be highly appreciated.

Our revised delivery date is also March 2010 :( But again, if you go to the nakheel website and click projects you'll see that it claims 'handover of villas will be 3rd quarter of 2009' and the masterplan will be complete by 2014 (If I recall properly)...Anyways, next time I go I will bring along my camera..the problem is that everytime we ventured out there it was always an unexpected drive by... I'll try my best guys!

[/QUOTE] Date: Friday, January 16, 2009
from expatriates.com
Category: Real Estate For Sale

Description: Please ignore all the other emails with "distress sales" that are still asking for premiums, I am selling my villa at the original sale price minus 100,000dirhams. Now that's a true distress sale! (unlike these other landlords that are still looking to make a profit at a time like this and still have the audacity to call it a Distress Sale!)

3 bedroom detached villa
Legacy (small)
3000+ sq ft (BUA)
7000+ sq ft plot area
Contemporary finishing
Single row
Phase 1 (ready 3rd quarter of 2009)
70% due upon transfer, plus transfer fee NO COMMISSION!
OP: 2,250,000
Selling price (minus 100,000 from OP) = 2,150,000 Dirhams - Non negotiable!

NO AGENTS PLEASE!! (YOUR THE ONES THAT HAVE GOT US IT TO THIS MESS IN THE FIRST PLACE)

Kind regards
[/QUOTE]

good deal????

Dear Property Owner,

As a valued customer, we are pleased to invite you to our special VIP open house weekend so you can see first hand how Nakheel's communities are coming together.

What : Open House
Where: Nakheel Sales Centre at Al Furjan
When : 28th - 31st January 2009
Time : 10am - 7pm

You can also visit www.nakheel.com/comingtogether to see the latest developments on Al Furjan, Jumeirah Park, Jumeirah Village, Jumeirah Islands Mansions and Marina Residences.

Respectfully yours,

Manal Shaheen
Director - Sales, Marketing & Customer Services
Nakheel PJSC

Is anyone else in the same boat as us??? We purchased our 3 bed large at 3.56 over a year ago (considered a good deal at the time) ....since the delay we are now looking at 'construction fee costs' up to 600,000dhms (due to the fact the project has a delayed handover date up 1 year)...That means, that before we even move in, we have to pay the bank this amount...I think its almost better to default and lose my downpayment then to pay this, especially when i can go and purchase the same house for much less now...??? Some of our friends who also went through a mortgage said they were unaware of this 'hidden fee'... when talking to our bank a nice guy said that often the buyers are unaware of this fee until handover.... I'm interested to hear if anyone else is facing this also?

Jellyfish

Correct me if i am wrong, are you saying that because the project is delayed you have to pay 600K AED to the mortgage company why? Please explain as i am bit confused.

Is anyone else in the same boat as us??? We purchased our 3 bed large at 3.56 over a year ago (considered a good deal at the time) ....since the delay we are now looking at 'construction fee costs' up to 600,000dhms (due to the fact the project has a delayed handover date up 1 year)...That means, that before we even move in, we have to pay the bank this amount...I think its almost better to default and lose my downpayment then to pay this, especially when i can go and purchase the same house for much less now...??? Some of our friends who also went through a mortgage said they were unaware of this 'hidden fee'... when talking to our bank a nice guy said that often the buyers are unaware of this fee until handover.... I'm interested to hear if anyone else is facing this also?

Is it a conventional bank or a sharia bank?

can you tell whichbank it is ?

emirates Islamic bank.... I believe its called Ijara mortgage.... Basically its 'interest' ...if the project was completed on time...then we pay nothing..but as time goes by it racks up...almost up 600,000 dhm after 1 yr delay...We were told that many people have been screwed over with 'hidden' costs when handover was scheduled. Not just from this bank, but banks on the whole... read your policies carefully...i'm interested to see if anyone else has experienced this. Its absoluely insane

its called 'operation profit or operation cost' or something like that...i cna't go and get the papers due to a minor surgery..so i'm chillin on the couch :)
basically its a 'construction fee' of some sort

emirates Islamic bank.... I believe its called Ijara mortgage.... Basically its 'interest' ...if the project was completed on time...then we pay nothing..but as time goes by it racks up...almost up 600,000 dhm after 1 yr delay...We were told that many people have been screwed over with 'hidden' costs when handover was scheduled. Not just from this bank, but banks on the whole... read your policies carefully...i'm interested to see if anyone else has experienced this. Its absoluely insane

Correct, its an alternative name for interest and named by all the lenders as a construction fee.(interest is not permitted in Ijara loans) hence the new name of construction fee.

It generally applies to the balance of loan at whatever date of the stage payments funded.

I guess in the UK we call it a bridgeing loan.

05/01/08
check out High-Res, a lot of progress there, looks like big parts could be completed soon!
http://farm4.static.flickr.com/3340/3222421968_2290bc24d4_b.jpg
Source: http://www.flickr.com/photos/sgtcaboose/3222421968/
High-Res: http://www.flickr.com/photos/sgtcaboose/3222421968/sizes/o/

Old town Resident...After researching it, i was mistaken, they started charging us per day once they started payments to nakheel. If they handover was on time, then we would owe around 200,000.. then each day after the due date it just adds up...does this mean that i'm basically screwed????? I'm interested to hear your insight on this.. do you think that the banks may 'negotiate' due to the fall in prices??? Wouldn't they rather have someone make payments vs. someone defaulting all together? Or is that just wishful thinking?

Good luck jellyfish......hope it all goes well for you.

Hi,
Been reading the forum with interest for a while now. Thought I would join in.

Apparently Nakheel have invited Jumeirah Park owners (and others I think) to the show villas between 28th Jan to 31st Jan. Is anyone aware of this? Anyone going to see them?

Reason I am asking is because I can't make it. I am in London. They tell me 10 days before the opening to come and take a look! Before that no one in Nakheel knew anything about show villas.

Anyways, if anyone is going can someone take some pics? Especially 4 bed JP Regional villa?????

Will be very gratefull.

Thanks

Attended the event yesterday. It was well orgnised with ample staff to take care of the investors.

Those who were visiting the Jumeirah Park show house were transported in SUVs to the site. Show house is almost at the JLT side entrance.

They have only one show house which is a 5 bed room Regional with contemporary interior. It was obvious that the whole thing was done up in a hurry.

The finishes were not great, but better than that of 2 bedroom independent Nakheel Villas at JVT. However, the finishes are comparable with the quality seen in Al Furjan model houses which are available for viewing at the Al Furjan Sales Center.

I have taken a lot of pictures, but cannot figure out how to upload.

Would be happy to share them if someone can tell me the procedure for uploading.

first you should upload somewhere, like www.imageshack.us or www.tinypic.com and after just copy the right link to the forum.

hotlink for forums or IMG Code for Forums & Message Boards

Sorrounding:

http://i44.tinypic.com/2vao7ie.jpg


http://i44.tinypic.com/2v8k6k3.jpg


http://i43.tinypic.com/2f09gd3.jpg


http://i44.tinypic.com/or3wnn.jpg

Show Villa - Front:

http://i44.tinypic.com/2820vpg.jpg


http://i40.tinypic.com/256bwxj.jpg


http://i43.tinypic.com/302ro8w.jpg


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

Show Villa - Back:


http://i43.tinypic.com/2s11344.jpg


http://i43.tinypic.com/96i5w4.jpg


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

Kitchen and Living:


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


http://i43.tinypic.com/2h7nh4z.jpg


http://i42.tinypic.com/2n1idyt.jpg

Guest Rest Room, Guest Room and en-suite (Ground Floor):


http://i44.tinypic.com/25k5svc.jpg


http://i41.tinypic.com/2j5crco.jpg


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

Stairway and Living Area upstairs:


http://i39.tinypic.com/2wbxkp4.jpg


http://i44.tinypic.com/x4kevp.jpg


http://i41.tinypic.com/5y8fvd.jpg


http://i42.tinypic.com/5n9anr.jpg

Master Suite:


http://i39.tinypic.com/20kx9mv.jpg


http://i44.tinypic.com/smzgc6.jpg


http://i39.tinypic.com/vf8r47.jpg


http://i42.tinypic.com/347h6kj.jpg


http://i40.tinypic.com/acs9bq.jpg


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


http://i40.tinypic.com/24c5lrk.jpg


http://i39.tinypic.com/352fz8x.jpg

Cayman, thanks a ton for the pics:) I'm sorta disappointed though, I envisioned the finishings to be of higher value. We're scheduled to go out there tomorrow, maybe it looks different in person???

Jellyfish,

You are welcome.

I hope you like the finishes. To be honest, it's just that if they spent a fraction of a fraction more, they could have delivered a much better finished product, instead of going for perhaps the cheapest available material (and labor).

Given the finishes in JP and AL Furjan are identical, looking at the economies of scale, had they spent 1%-2% more on material, the percieved value of the end product would have been increaed by 10%-15%, but this is just my opinion.

Enjoy your visit and do let us know what you think.

Thanks a lot Cayman. Excellent photos! Shame about the villa. As other people have said they seemed to have used cheap material. I know this was contemporary finishing. Does the exterior of the property like windows and front door match with the interior? i.e. if the interior was different then does the exterior change also?

Once again many thanks from me stuck in below freezing tempratures, in cloudy London!

Just got back from the viewing of the show villa. Cayman you were definitely right, the finishings were not of the highest quality. I absolutely hated the cheap looking wooden banister in the stairwell :ohno:(maybe because it was contemporary?) However I did like the open floor plan. I was content till I visited the furjan show villa (quortaj 3 bedroom type a) and then I got pissed... Although the finishings were typically of equal value, I felt that the Furjan villas had a different feel to them (that villa had darker wood and it just 'looked' nicer. I especially liked their kitchen with the island in the center. One thing for certain, in general every master suite was nice :)Overall I'm happy I went out and took a look. the people that rode with us in the truck also stated that the finishings could've been a little better, but in general they liked the 'open' feeling also...... In case you haven't noticed Nakheel updated their Jumeirah Park website, and in the frequently asked questions section they stated that the completion date for villas will be third quarter of 2010. I'm interested to hear what others thought of the show villas:)

nice finishing but why the swimming pool so Dwarf is it jacuzzi or what !

could you told me for how much the 3/4 beds villa ?

thanks

Hi,

I've been to the Al Furjan villa's as i have invested there and i found the quality to be very good. The quality was definitely better than what i had seen in Meadows show homes back in the day, that's for sure. I haven't seen the Jumeirah Park villa so i can't comment on its quality, but i can definitely vouch for Al Furjan.

^^ Do you have any pictures of show villa for al furjan villas !

^^ I think i do. I'll try to look them up and post them when i get a chance.

^^how about the prices ?? for 3/4 beds any idea ?

^^ 3 beds can be found at OP of around 2.5M and 4 beds are around 3.5M. Comparing to Arabian Ranches, Victory Heights, Green Community West, The Villa project, Falcon City villa's etc, they are a great buy considering their price and proximity to SZR.

Attention Owners

If at all anyone wants to sell any of their Jumeirah Park Villa's, please let me know as I am interested to buy a Legacy Small. Budget below Aed 2 million.

Thanks and Brgds

^^ Good luck with that.

Docc
You will be surprised. There is already an offer for Aed 2.15 million doing the rounds. Check out expatriate.com

Do you have any details on the JP for 2.15 M?

Docc
You will be surprised. There is already an offer for Aed 2.15 million doing the rounds. Check out expatriate.com

Like i said. Good luck with that ;)

Nakheel not to cut prices for Jumeirah Park, Furjan projects

http://i42.tinypic.com/141l9gj.jpg
Jumeirah Park is being built in 10 phases, with Nakheel aiming to deliver more than 900 homes by the year-end (SUPPLIED)

By Anjana Kumar on 2/3/2009

Developer Nakheel has no plans to cut its benchmark real estate prices for the Jumeirah Park and Al Furjan projects despite the slowdown in the global real estate market, say officials.

"At Jumeirah Park we have currently sold 70 per cent of the total 2,764 units," said Joe Barr, Managing Director, Development Projects.

"We are not looking to lower the primary prices for the rest of the villas we are planning to sell as of now. What we are doing is waiting for the market to settle down a little."

Jumeirah Park is being built in 10 phases and will consist of three, four and five-bedroom villas, with Nakheel aiming to deliver more than 900 homes by the end of this year. The project is due to be completed by the middle of 2010 and the estimated population will be around 18,000. The Oundle School has been selected as the school operator.

"Right now from a market point of view it makes sense to deliver the units that we have sold so far and then sell the rest of the project later when the market conditions are right. We will sell the rest of the units by the end of this year when conditions improve."

Barr said Nakheel was seeing strong demand for Jumeirah Park.

Meanwhile, Mohammed Rashed, General Manager of Al Furjan, said the pricing policy for new sales on the upcoming phases of the project remained unchanged.

"The development will consist of more than 4,000 units and around 2,000 villas have already been sold," he added. "All the units that have been released onto the market have been sold.

"In the future anything we sell will be as per market conditions, however, currently we are not lowering the prices of our units."

Rashed said Nakheel was not isolated from the global financial problems and the developer had readjusted to cope with what was happening around the world.

Around 300 villas are due to be delivered at another Nakheel project, Jumeirah Village, by the end of March.

Marwan Al Naqi, General Manager of the development, said: "Around 6,000 residential units from third-party developers will be handed over to the market by the end of the year. This total excludes the 2,186 villas that Nakheel will hand over as well."

Jumeirah Village is located to the north of Emirates Road and west of Al Barsha Road, bisected by Al Khail Road. The site is divided into two sections called the Triangle and the Circle. The Triangle is predominantly made up of villas surrounded by residential towers while the Circle will house commercial, residential and retail components.

When completed, Jumeirah Village will have an estimated population of 300,000. Nakheel has sold 96 per cent of the available villas and townhouses, and the developer says the project will account for eight per cent of all new homes delivered in Dubai in 2009.

The officials said Nakheel was receiving steady revenues from property purchasers across its developments. "All the units at Jumeirah Park that have been sold so far have provided a revenue stream from payments by buyers, and that has obviously allowed us to pay our contractors and designers in turn," said Barr.

"So far we have secured over 50 per cent of the payments from buyers on the units that we have sold in Jumeirah Park."

Al Naqi said around 90 per cent of payments had been received for the units sold at Jumeirah Village.

"We set a plan for buyers to make a payment every six months back in 2005," he said.

Barr added: "We are currently working on a short-term business plan with the majority of the focus on delivering projects."

http://www.business24-7.ae/Articles/2009/2/Pages/02032009_bafcb514b6164b1ebf0419e6c17c901f.aspx

a picture...

http://img509.imageshack.us/img509/6513/jumeirahparkce0.jpg (http://imageshack.us)

http://www.flickr.com/photos/26052608@N03/3269913030/sizes/l/

Docc
You will be surprised. There is already an offer for Aed 2.15 million doing the rounds. Check out expatriate.com
Spoke with an agent yesterday, he's having a few 3BR small for approx. 2,46 million, i.e. near OP. Nothing at 2,2 million.

The prices for JP are -15%. I have several offers. 4 BR for 3 m.

I bought mine (3BR Large) at 3.3 and if i want to sell now it is 2.8 max.

Jumeirah Islan is 3.5 for some houses. I do not recommend to buy now. Wait for a month and the premium will go to -20%

Hi,
Does somebody know if there is a separate company for Jumeirah Park? And if yes, is it a direct 100% Nakheel subsidiary. Are the payments done for JP still with JP accounts and/or company?

Reason for this is the alarming news about Nakheel solvability problems and contractors stopping operation at the PJA site. From the PJA thread:

quote: Here is the latest update:
Piling construction for platforms for waterhomes contract, Trunk Spine Bridge and Spine Infrastructure Contracts = Suspended indefinetely due to non payment. It obviously means no waterhomes in the near future. Contractor will demobilize.
Vibrocompaction Contractor stopped all operations and now demobilizing.
Reclamation Contractor, JDN, still onsite with very limited operations. They are owed over AED 200,000,000 in outstanding payments.
At least 2 more contractors in the process of giving notices to Nakheel really soon. I'll keep you updated.
Unquote.

Buyers camp out for 12 hours as Nakheel hails excellent first day sales of Jumeirah Park

Nakheel, the UAE's leading real estate developer, achieved excellent first day sales for its newly launched Jumeirah Park project, with all released properties sold out.

http://www.ameinfo.com/images/news/3/29233-nakeh.jpg
More than 400 people waiting for Jumeirah Park sales to launch at Nakheel Sales Centre.

A 370 hectare family orientated residential community located in the heart of new Dubai, villas at Jumeriah Park went on sale yesterday at the Nakheel Sales Centre, as well as the new Nakheel Sales Centre located in China Court at Ibn Battuta Mall, which was officially launched by Nakheel Chief Executive, Chris O'Donnell, and Senior General Manager, Yousuf Kazim. Queues started forming 12 hours before sales had opened, and by opening time the queue was more than 400 strong at the Nakheel Sales Centre, with a further 100 buyers at Nakheel's new Sales Centre at Ibn Battuta Mall. More than 900 properties were purchased on the day.

The community comprises more than 2,000 three, four and five-bedroom villas combined with expansive parks, eco-friendly green spaces and family orientated amenities. With villa prices starting at AED2.4million, buyers were able to take advantage of the services of four different home finance service providers to purchase their property. Mortgages were available to buyers from Amlak, Barclays, HSBC, Tamweel, and who can offer mortgages of up to 97%.

Yousuf Kazim, Senior General Manager Jumeirah Islands, Jumeirah Village & Jumeirah Park, said: 'We are absolutely delighted with the opening day sales of Jumeirah Park, in particular that many of the purchasers are end-users; our pre-launch research showed that there was strong demand for high-end, villas with excellent amenities situated within a family friendly community, but we were overwhelmed by such exceptional levels of interest and the number of sales. The huge queues and outstanding sales are clear evidence of both the market's buoyancy and the strong reputation Nakheel has built for delivering quality products. Jumeirah Park is located within Dubai's most desirable district, and we expect sales to continue with the impressive momentum shown on the first day.'

Manal Shaheen, Director Sales, Marketing & Customer Services, said: 'These sales are a clear 'seal of approval' from the market recognizing both what Nakheel has already achieved, and will continue to achieve in the future: bold, innovative, and visionary projects that meet our customers' needs. Sales of the first phase have now closed but there will be new phases launched in the future.

'The new property law announced in March has not only helped welcome new breeds of investor, but has also attracted more home financiers into the market. Jumeirah Park is a development which focuses on family, and as such we want to make it as easy as possible for families to invest in this development. Amlak, Barclays, HSBC, and Tamweel are all companies with excellent pedigrees, and such a strong portfolio of mortgage provided excellent choice for the consumer - a fact witnessed with the excellent opening day sales at Jumeirah Park.'

Sales of the first phase have now closed.



You gotta miss those days......

^^ lucky people who sold for 50% premiums and more over a year ago

Anybody able to post photo recent pics of JP and confirm construction status/progress!

^^add the majic word......please!

I have been on the construction site last week, in the part built by the Italian contractor Todini. Constuction at full swing. At least 2 workers in each house.

I have been on the construction site last week, in the part built by the Italian contractor Todini. Constuction at full swing. At least 2 workers in each house.


Could you please specify which part this was?

As I understand, the work is going on well on the 4 and 5 bed houses that are close to SZR, but really not much at all in the opposite side, which borders the Emirates road.

Is this your understanding as well?

I've been driving along the fence from the SZR to the Emirates Road side. Constructions everywhere. I could find a hole in the fence and went inside a few houses, about in the middle of the development. House there are mostly 3BR, large and small, + some 5 and 6 BR.

I can send you somes pictures by e-mail if you pm me your e-address.

Compared with Al Furjan, floor plan (Kitchen, garden access, garage access for the 3BR small) and material are not optimal.

The houses I've seen could be ready by year's end, I guess. If the construction is not halted by Nakheel's lack of money.

They are actually no buyers for this project, even with huge discount (-20% on OP) on the secondary market. Buyers prefer Arabian Ranches, where you have over 200 houses for sale, with better finishing, at a similar price per sqft.

They are actually no buyers for this project, even with huge discount (-20% on OP) on the secondary market. Buyers prefer Arabian Ranches, where you have over 200 houses for sale, with better finishing, at a similar price per sqft.

all Nakheel off plan around 0- -20% premium, one of my friend tried to sell his apartments of Jumeirah Heights with -10/-20 % premium but no buyers , almost impossible to sell anything what is Nakheel now.

I have an upcoming JP payment and remittance instruction as follows: Samba Financial Group, Dubai, Account name - Nakheel Real Estate Finance 1 Ltd Jumeirah Park

Anybody received same remittance instruction?

interesting , Samba is Saudi company, already took over the Nakheel or they just opened an account there?:)

Very Interesting indeed.

SAMBA used to be Saudi American Bank:

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

I do not see any logical reason for Nakheel to open an account with Samba unless its arms were twisted to do so.

Which bank did your last instalment go to?

I posted here , maybe someone knows the answer:

http://www.skyscrapercity.com/showthread.php?t=490764&page=763

I bought my villa at JP in 2006, phase 4. I did 90% finance from Tamweel at 8.5%. Now the project (JP) is delayed and the interest will increased. Have any one heared from his bank (ofcourse if he/she has finance) what is the rate going to be in 2009 and 2010 as the interbank rate is below 3%.

Thanks
Nabeel

Very quiet here. Sound everyone upset with his purchase from JP

Nagshah :) Not upset at all just a little stressed out :) Maybe i'm too optimistic but I'm excited about the project.......My true feelings will show once I sort out the operation profit (hopefully no more delays)

Anyone in a position to please advise on the status of JP construction activity the reason being I have a payment due 1st April!!

Is anyone else in the same boat as us??? We purchased our 3 bed large at 3.56 over a year ago (considered a good deal at the time) ....since the delay we are now looking at 'construction fee costs' up to 600,000dhms (due to the fact the project has a delayed handover date up 1 year)...That means, that before we even move in, we have to pay the bank this amount...I think its almost better to default and lose my downpayment then to pay this, especially when i can go and purchase the same house for much less now...??? Some of our friends who also went through a mortgage said they were unaware of this 'hidden fee'... when talking to our bank a nice guy said that often the buyers are unaware of this fee until handover.... I'm interested to hear if anyone else is facing this also?

If you bought your villa at AED 3.56M, your loan amout couldnt have exceeded AED 3.25M. EIB's interest rate at that point coulnt have been more than 9% (and thats steep). Based on the above figures & actual payments (disbursals) made by EIB to Nakheel on certain dates with the revised payments plans, there is no way your construction peofit could be AED 600K. They are trying yo rip you off. You must contact them get this fixed. I had the same issue with First Gulf Bank for my 3bed, and they have cut the figure correctly down to half.

Thanks A Jain :) I'm so happy that someone replied about this. Do you mind telling me how you actually got it taken care of? Remember we dont' pay a thing until handover..should we say something now or wait it out.. could things possibly change due to the current financial situation?? Again, thanks a million I truly appreciate your help. I am so confused and frustrated:(

Anyone have any new pics??? Is anyone still there? How are you guys feeling about the market? What are your views.........r we totally screwed or do you have hope in the market???

Appreciate any photo updates anyone! Thanks

omg! its gigant!

Just thought I will bring some cheer to this group:

First, if you all can just sit back and relax. Nothing is in the dumps forever. Nothing matters in the short term and you do not lose any money if you do not sell. Property prices will go right back-up when the demand starts to increase. The demand will increase when there is a need for more housing. So the question we should be asking is whether Dubai is doing all that is needed to increase this demand in the future. By the looks of it they are.

Second, on the payment to the banks. I do not think the current delayed constuction scenario makes any difference. The reason is simple, since the construction is delayed the payments are delayed. And, the interest that is payable by you is the time weighted interest up until the point when the home is delivered. There may be a slight increase but nothing that will force you to raise existential questions. I do have a mortgage from Tamweel and this is how it will be handled. By the way if someone tells me he/she did not know they will pay interest on the disbursements ahead of property completion than they did not do their due diligence properly ahead of the purchase.

In summary, sit tight, relax, you are not going to sell your home now so do not worry. Prices will come back for sure. My informed guess is 2011/12. There may be other experts (the same ones who could not predict this crisis), who would come up with lots of talk. Stop listening to them, just do your work, hold your homes and everything will be alright.

A freind of mine's called Nakheel and they told him that the project will delay another year. ANy one here can confirm if this is true or not. I really cant believe it.

Nabeel

I heard there are people selling at premium -20% for the small legacy and regional... contact me at +971 50 5580988. Its for personal use, please no agencies.

^^
What was the original price for 3 bed small and large units?

I got by email:

Freehold Villa @ Jumeirah Park (Phase 1)

Type: 3B/R + Maids Legacy Small - Big Plot

Villa No.: JP-H3VS-040

View: Full Water Canal from Front & Full Park from Rear

Details: 2 Story Duplex Detached Villa,

3 B/R+ Maids + 4 Bath R, Living, Dining, 3 Balcony, Garage

Plot Area: 7,320 Sq. Ft, (Big Plot)

Built up: 3,612 Sq Ft. (Net 3,063 Sq. Ft)

Delivery: September 2009

Original Price: AED 2,467,600

Selling Price: AED 2,350,000 Net

Payment Plan: 75% Paid, 15% on May 2009,10% on Completion

31/May/2009

Jumeirah Heights and Jumeirah Park

http://i42.tinypic.com/2ci9s3s.jpg

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

Jumeirah Park will not finish before the end of 2011.

new roads, brige U/C ,close to the Jumeirah Park, bridge will be a big surprise for some owners , too close to some villas..

I have a villa in phase 1 and they last informed me that the villa will be complete in Aug 2009/ say 3 or 4 months grance period so say by dec 2009. can anyone confirm this for me; as it was from nakheel direct..thx

My Freind was told June 2009 is the delivery and for me March 2010 but from the progress in the area I can confirm to you most villas will not be ready before 2011. This year they might deliver 200-400 villas only.

How can that be? Nakheel sent a official letter stating Aug 2009; take 4-6 months delay after that date; 2011 for phase 1 is no way possible? can someone confirm this with me??

I'm considering buying here after canceling our plans to invest in Jumeirah Park. Can anyone here tell me if i can visit the model home and also where exactly it is located?

Thank you in advance.

Sorry for the delay finally some up to date pics from JLT.
Most of the work seems to be going on on the right hand side of picture, also they're working 24/7 on a major road junction (see later pics).


http://img74.imageshack.us/img74/6616/dubaihandoverjune09118.jpg (http://img74.imageshack.us/my.php?image=dubaihandoverjune09118.jpg)

http://img188.imageshack.us/img188/5356/dubaihandoverjune09415.jpg (http://img188.imageshack.us/my.php?image=dubaihandoverjune09415.jpg)

http://img10.imageshack.us/img10/808/dubaihandoverjune09416.jpg (http://img10.imageshack.us/my.php?image=dubaihandoverjune09416.jpg)

http://img229.imageshack.us/img229/6930/dubaihandoverjune09414.jpg (http://img229.imageshack.us/my.php?image=dubaihandoverjune09414.jpg)

http://img188.imageshack.us/img188/1835/dubaihandoverjune09449.jpg (http://img188.imageshack.us/my.php?image=dubaihandoverjune09449.jpg)

http://img4.imageshack.us/img4/5626/dubaihandoverjune09427.jpg (http://img4.imageshack.us/my.php?image=dubaihandoverjune09427.jpg)

http://img229.imageshack.us/img229/9251/dubaihandoverjune09428.jpg (http://img229.imageshack.us/my.php?image=dubaihandoverjune09428.jpg)

Major Road intersection?

http://img87.imageshack.us/img87/3623/dubaihandoverjune09204.jpg (http://img87.imageshack.us/my.php?image=dubaihandoverjune09204.jpg)

http://img25.imageshack.us/img25/1559/dubaihandoverjune09213.jpg (http://img25.imageshack.us/my.php?image=dubaihandoverjune09213.jpg)

http://img87.imageshack.us/img87/8673/dubaihandoverjune09212.jpg (http://img87.imageshack.us/my.php?image=dubaihandoverjune09212.jpg)

Great photos thanks Tony.


Can anyone let us know what is going to happen between Jumeirah Park and Disccovery Gardens?

Is there any project allocated for that strip of land?

Seems like it could be pretty valuable and well located in terms of marina, jebel ali, new dubai.

thanks!

Great photos thanks Tony.


Can anyone let us know what is going to happen between Jumeirah Park and Disccovery Gardens?

Is there any project allocated for that strip of land?

Seems like it could be pretty valuable and well located in terms of marina, jebel ali, new dubai.

thanks!

The Arabian Canal going to be there if it will be ever built.

http://img443.imageshack.us/img443/1426/futureofdubaisatellitemrl7.jpg

I have a fully paid for 3 bed regional large in phase two, delivery in March 2010 but surely delayed. Would anyone want to swap with me for a phase one villa ? I want to move in earlier. It would delay your payment schedule, easy on on your budget as your payment plan would be strung out longer, assuming of course you have one in phase 1 to swap with....feel free to pm..

Latest Development Updates March 2009


http://www.jumeirahpark.com/en/development-updates/construction-infrastructure.html

Anyone in Jumeirah park phase 1 here ? Have you heard anything from Nakheel about handover ? Wasnt it suppose to be in July - August 2009 ?

I said before and I say now, most villas will be delivered 2011.

I know you did, whats your source ?

I know you did, whats your source ?

Went to Nakheel today to get status on Jumeirah Park progress. They said that they will be sending out notices in a week's time to tell customers not to make any further payments for now. They will be announcing a new payment plan.
They also refused to give us an appointment to check the construction progress on site (they used to give appointments every thursday to customers for going on-site and observing construction).

Of course, they deny the project is on hold. They say that phase 1 has progressed well so far (not sure if there is continued progress on phase 1 as of now). They refused to accept that they may be negotiating a better price from the contractor and/or that they may have defaulted on payments to existing contractor.

Does anyone else have more info on this? Given that many villas are 70%+ paid, the manner in which they are handling this is unacceptable.

Bad news, this means delivery for most villas will be 2012, with phase one mid or end 2011.

I see the site almost every day from the road , same as the Jumeirah Heights, officially not ON HOLD because few workers still there.

Bad news, this means delivery for most villas will be 2012, with phase one mid or end 2011.

Nagshah, how you figure this ? I drive thru or around Jumeirah Park daily and I would say the villas are 70 % or so completed. Of course, if Nakheel out of cash and project "on hold" we could loking at 2020 or any date far into future..I believe many of Dubai's property projects are on inofficial hold as Dubai awaiting more cash from Abu Dhabi and only when they have received this money, in form of another bond, will Dubai decide on what projects to complete. Nakheel ( read "Dubai" ) additionally has a huge loan or bond due for repayment in December 2009 which unless met will cause dire consequences for Dubai ....

462 Villas at Jumeriah Park in Dubai

Client: Nakheel

Actual Value: 272m USD

Contractors: Main Contractor: Nurol Group

Consultants: Main Consultant: Dar Al-Handasah (Shair & Partners)

Main Consultant: Edsa (The master-plan Consultant)

Main Consultant: Al Khatib Cracknell Garden Design (Landscape Consultant)

Main Consultant: Bovis Lend Lease (Project Manager)

Project Type: Residential Development

Project Duration:

From: Q3 2008 Estimated
To: Q4 2010 Estimated

Status: Construction

Scope The project calls for construction of 462 three and four-bedroom villas at Jumeriah Park in Dubai. Jumeirah Park covers an area of 3.2 square kilometres.

Schedule: Nurol Group was awarded the main construction contract in July 2008. Construction is in progress and expected to be completed by end of 2010.

Have any one heared from Nakheel? Nabeel

The last I heard was yes they have officially stopped taking payments
and they are really concentrating on paying a repayment on a loan they have,
That is the main priority right now

please visit the the national news website
For more details

yup, it's official, I just had a courier delivered letter for me from Nakheel stating " due current market conditions certain aspects of the project have slowed down and as a result of this, we are currently revising the payment schedule for properties within this development which we will share with you in due course..." There has not been workers on site for many months, just skeleton staff like security personel...but work on the surrounding infrastructure like roads etc seems to be pressing along. Still, very disappointing. It would be interesting to talk to the contractors of Jumeirah Park, I bet they have walked off the site due Nakheel lagging way behind in payments.....

What should I do wiht Tamweel? They financed the house I bought.....is this we will pay interest for ever?

The situation is completely ridiculous. Has anyone been able to speak to anyone at Nakheel. Is there any action we can take?

Today I received Nakheel’s letter about the delay in the project. I am totally upset. My bank is charging me the interest as they paid 2 million already. I am paying for the rent (where I live now). All Nakheel might go backrubs. The question will be is the project will get ever built?

The situation is completely ridiculous. Has anyone been able to speak to anyone at Nakheel. Is there any action we can take?

I dont think we can do anything about this situation
we just have to sit tight and hope that after december the work goes in full swing.(thats after the installment on the loan is paid)

What a mess!!!!!!!!!

Nakheel was the last company i would have ever imagined to be in this situation

I dont think we can do anything about this situation
we just have to sit tight and hope that after december the work goes in full swing.(thats after the installment on the loan is paid)

What a mess!!!!!!!!!

Nakheel was the last company i would have ever imagined to be in this situation

Yeah, this is bad news. They probably defaulted on payments to contractor. Will have to wait until Dubai gets the next round of $10bn.

Yes, I dont think anything will happen at Jumeirah Park until Nakheel gets an infusion of cash, no contractor is willing to work with Nakheel as Dubai goverment is in deep debt and are not paying their bills.

I believe many Jumeirah Park investors are in Nagshah's situation, having bought Dubai properties at sky high pre crash prices with mortgages now ticking away piling up interest and the property now being worth less than they paid for it and, as in Jumeirah Park, a completion date that slipping further and further away. Having a mortgage from Tamweel on a Nakheel property essentially means having borrowed from the Dubai goverment (Tamweel) to purchase a Dubai goverment property ( Nakheel) which in turn is not getting delivered while the Dubai goverment ( Tamweel ) keeps accumulating the interest on that mortgage. I know of two Jumeirah Park investors who have made runners, left the country and their downpayment behind. I bet there are lots more out there who have done the same or will.

I have tried contacting Nakheel but they are not talking. And I am sure they are not talking as they have no money and have no idea when and how they will complete their projects.

The following email address is for Nakheel's contact person on Jumeriah Park :

Perpetual.Fernandes@nakheel.com

people should have seen this coming because Nakheel was meant to be behind the palms ( Jumairah and Jabal Ali ) they started to slide downhill when they deviated from their main purpose

their new projects are just unorganized and not that meaningful.

The following email address is for Nakheel's contact person on Jumeriah Park :

Perpetual.Fernandes@nakheel.com

Isn't it ironic that the lady responsible for Jumeirah Park project is called Perpetual? :banana:

I have a villa which was initially scheduled for phase 1. As you all know, Nakheel sent out a letter a year ago advising owners that their villa's delivery will be delayed by up to one year. So my villa was delayed from Mar 2009 to Mar 2010.
As per the contract with Nakheel the maximum allowed time for delay is one year. Now that Nakheel is likely to delay it beyond that, the question is what compensation will we get or legal action can we take against Nakheel?

Isn't it ironic that the lady responsible for Jumeirah Park project is called Perpetual? :banana:

I have a villa which was initially scheduled for phase 1. As you all know, Nakheel sent out a letter a year ago advising owners that their villa's delivery will be delayed by up to one year. So my villa was delayed from Mar 2009 to Mar 2010.
As per the contract with Nakheel the maximum allowed time for delay is one year. Now that Nakheel is likely to delay it beyond that, the question is what compensation will we get or legal action can we take against Nakheel?
In my contract Nakheel gives an 'Anticipated Completion Date' which they can extend by a year (originally June 2009) but the 'Completion Date' can be extended and I quote "to reflect any delay relating to the building of the Villa". Effectively, this means that they can extend the Completion Date to whatever they want to as it's only when they fail to meet the Completion Date that they fail to meet their contractual obligations. Their only obligation is to tell me what the Completion Date is 30 days before it occurs so clearly they will not declare it until they are almost finished:(

The only hope from a contractual aspect I can see is in Clause 7.1 where Nakheel undertake to take all reasonable steps necessary to ensure the Completion Date will be on, or as soon as practicable after, the Anticipated Completion Date.

Of course legal action means taking a Dubai government owned developer to Dubai government owned court...

Hope this helps!

So, shall we say completion 2012-2013?

I am in the same situation as Nagshah, and feel being swindled out of my hard earned money by this big bully called Naheel.

If we really want to make Nakheel to treat its customers fairly, we should join in a group and deal with Nakheel jointly. This way we could exert more power in demanding a fair deal. The reason Jumeirah Park is not being built on time is not that we did not pay to Nakheel, the reason is that Nakheel took our money and spent it on other failed projects.

Nakheel’s action is outright stealing. I don’t know about you guys, but I am furious at the way I am being treated.

Anybody who owns a property in Jumeirah Park and would like to join this group please send me a pm with your email.