http://dubaiwaterfronts.com/Champions3web.jpg


http://dubaiwaterfronts.com/champions_tower_3.htm



BTW, does anyone know what's actually under construction at sports city?

^^ I dont think any of the towers have started construction.. I wud guess they wud be working on clearing the plots right now and preparing the area for construction. Also i think they have started working on the golf course for victory heights.

incredibly ugly but now on emporis

^^I like actually. But then thats the render. The real thing will have the usual boring beige colour concrete and tacky windows like a lot of towers popping up.

incredibly ugly but now on emporis

na, i think it's a great and modern design.

the problem with these low quality low rises is that they will look great when completed.. but after 10-15 years they will be ready to fall apart.. just have a look at some of the 10-15 storey buildings in abu dhabi with very similar designs..

^ i think these buildings are much better quality than the 4 storey apt blocks around lamcy plaza or the 8 storey+ apts around bur dubai... and they seem to be doing ok

http://dubaiwaterfronts.com/champions_tower_3.html

Project: Champions Tower 3
Type: Res
Floors: 15
Construction Start: ?
Construction End: December 2008

http://dubaiwaterfronts.com/sitebuilder/images/Champions3web-152x193.jpg

Champions Tower 3 is a landmark in the Dubai Sports City skyline. Offering
exceptional views to the front and rear, the tower is the height of luxury with
attention given to detail and five star amenities. Champion Tower Residents
can hobnob with sporting celebrities at the year-round events in Dubai Sports
City, while enjoying the comfort and luxury of their exclusive Studio, 1, 2 and 3 bedroom apartments.

Champions Tower III offers superb facilities including a magnificent health club, swimming pools, sauna and Jacuzzi. If that wasn't enough, the malls, parks, jogging paths and sports arenas of Dubai Sports City are just a small walk away. Champions Tower 3 is the ideal destination for anyone who enjoys a leisurely lifestyle in sports-oriented community.

http://www.skyscrapercity.com/showthread.php?t=397139

same?

yes.

Memon Investments launches AED 145 million Champions Tower III in Dubai Sports City


Memon Investments, a leading Dubai-based property developer, announced the launch of the AED 145 million Champions Tower III to be developed within Dubai Sports City, the world's first purpose-built sports city.


http://www.ameinfo.com/images/news/3/42233-memo.jpg
From left to right: Eng. Ahmed Saffarini, Chairman, Eng. Adnan Saffarini Office; Abu Baker Shaikhani, Chairman, Memon Group and Ahmed Shaikhani, Managing Director, Memon Investments.


The launch of the largest residential tower of the Champions Towers series was made at a press conference today (June 25, 2007) held at the Grand Hyatt Hotel, Dubai. Targeted for completion in early 2009, Champions Tower III is part of the company's AED 1 billion-investment plan and has been launched in a bid to leverage the tremendous success of Champions Towers I and II, which were both completely sold out within weeks of their launch.

Champions Tower III fuses high-tech functionality and contemporary architectural design as envisioned by the prestigious award-winning architectural and engineering firm, Eng. Adnan Saffarini Office and offers a choice of 256 elegant units comprising of studios, one-bedroom and two-bedroom apartments. The 16-storey residential tower is designed to promote a healthy lifestyle and offers a state-of-the-art health club, communal swimming pool, juice bar, steam, sauna and separate fitness gyms for men and women located on the rooftop and fully-serviced by a well-trained team. Occupying an area of 250,000 sq. ft., the tower boasts of 5-star hotel features and amenities such as a spacious fine marble lobby, 3 high-speed elevators, basement parking, covered parking on the ground floor, concierge and valet services, 24-hour manned security and an in-house maintenance team to ensure the comfort and security of occupants.

Speaking at the press conference, Ahmed Shaikhani, Managing Director, Memon Investments, said:

'Champions Towers I and II generated immense interest from investors and end-users alike, and the continuing demand spurred us to build a third tower in Dubai Sports City. It is fitting to make our latest offering in the Champions Towers series the biggest yet equally luxurious and functional as our previous projects, which are aimed at pleasing the discerning tastes of a property market distinguished for architectural design and quality as well as ambitious community developments.'



With a premium location, Champions Tower III is a 5-minute walk from the entrance of the gated community and offers residents stunning views of the canal and the landscaped scenery. It is a few meters from world-class stadiums and academies, educational, religious and healthcare facilities, posh restaurants and cafés as well as a sports-themed shopping mall. The tower is a 2-minute walk from the 18-hole Ernie Els golf course and is in close proximity to the Manchester United Soccer Schools, ICC Global Cricket Academy, Butch Harmon School of Golf, David Lloyd Tennis Academy, World Hockey Academy and Bradenton Academy School.

'The architectural design of Champions Tower III follows contemporary concepts and combines aesthetic value and functionality, which should be integral elements in today's residential developments. The design of each unit provides residents magnificent views from their private balconies as well as convenient access to the tower's amenities. Keen attention to detail and the finest craftsmanship add up to making this new tower a luxurious and exclusive residential option at low maintenance costs for the occupants. We are confident that our joint efforts will be on par with the prestige set by Champions Towers I and II,' said Eng. Ahmed Saffarini, Chairman, Eng. Adnan Saffarini Office.

Memon Investments recently launched its first commercial tower, the AED 80 million Cambridge Business Centre in Dubai Silicon Oasis, the region's premier integrated innovations hub for high-tech industries. The developer is poised to further its role in the regional property market with a diverse range of projects including residential, commercial, mixed-use, retail and community development in prime locations in the UAE and GCC and is expected to roll out more projects in the near future.

Design change


http://www.dubaiwaterfronts.com/sitebuilder/images/NIGHT_low_res-227x359.jpg

http://www.dubaiwaterfronts.com/sitebuilder/images/ct4Location_map-565x315.jpg


Completion: December 2009

I think that it is a new project called Champion Towers 4

^^ you're right

My friend is reluctantly selling his 12th floor studio apartment in the sold-out Champions Tower III, selling due to financial reasons. The apartment is 611 sq. foot and a parking space is included. Price is 535,000 AED. Please See http://www.champions-tower-3.sunnybeachagency.com/ as this is a basic website I've done for the apartment.

Please contact me if interested.

Regards
Ali

:spam1:

Cairo Contracting to build Champions Tower III in Dubai
Published: 16 April 2008 14:55 GMT Author: Colin Foreman More by this Author Last Updated: 16 April 2008 17:01
Egypt's Cairo Contracting Company has been awarded a AED82m contract to build Champions Tower III at Dubai Sports City.
The built-up area is about 25,000 square metres and it will have 256 appartments.

The local Adnan Saffarini is the consultant. The local Stromek is working on the foundations package.

Local developer the Memon Group of Companies is the client.


R

CCC wins Champions tower deal

Saturday, 26 April 2008

Cairo Contracting Company (CCC) has been awarded a US $22.3 million (AED82 million) contract from Memon Investments for the construction of Champions Tower III in Dubai Sports City.

Eng. Adnan Saffarini Office is the architect on the project, while Stromek Emirates Foundation is undertaking shoring and excavation work. The value of the project is $39.4 million.

This is the second contract CCC has won from Memon, after previously being awarded the $21.7 million deal for the Cambridge Business Centre.
Developing a project that is born out of a combination of high quality standards and distinctive design presents us with a tremendous challenge as well as rewarding opportunity to push the boundaries and bring together built space at its finest form," said Rizwan Shaikhani, joint managing director, Memon Investments.

"We have reinstated our collaboration with Cairo Contracting Company as we are very impressed with their initial work on Cambridge Business Centre."

via arabianbusiness

Anybody knows when they are starting with ground works???

:banana: Sssssssssssst, don't tell anyone.

http://tcbcworldwide.com/memon/

Hi all

Just came back from Dubai. Went to see our friends at Memon re CT3. Was advised that delay fo construction works due to 2 things. 1 - pipeline under CT3 plot in DSC which was an unforeseen problem and had to be removed. 2 - Due to the lateness of the Metro Station planned for Dubai, the position of Gateway Towers had to be readjusted and that caused CT3 further problems. but should be okay now, sorry no pictures.

http://i28.************/6nryao.jpg

I heard there was also delay because mr. Eng. Ahmed Saffarini had a microphone in his eye. :lol: :lol: :lol:

The Memon website is online www.memon.ae

:banana: :banana: :banana:

Having looked at the contruction update pictures of CT 3 and (1 & 2) on the website, it all looks so messy. I know they are only holes in the ground but atleast with The CUBE for instance it looks a bit more "engineered". I wonder how much cutting-edge technology will be used in CT3!!

Having looked at the contruction update pictures of CT 3 and (1 & 2) on the website, it all looks so messy. I know they are only holes in the ground but atleast with The CUBE for instance it looks a bit more "engineered". I wonder how much cutting-edge technology will be used in CT3!!

Shiraj,

On the forum CT1 you can find the latest construction updates.
I think it looks good, but I'm not an engineer...
Has anybody got any recent information about progress on CT 3 ???

:| Updates on the hole.

http://memon.ae/gallery.php?gal=Construction%20Updates&dir=Construction%20Updates/Champions%20Tower%20III

Rob

There aren't any new updates. June pics have been up for some time.

It took Memon 300 yrs to come up with a website....it'll take 300 more to update it.

http://i33.************/15ousdg.jpg

Memon awards Dh1.96m deal

Elevators firm ETA Melco has secured a Dh1.96 million contract for two Memon Investments apartments in Dubai Sports City.

The deal will see ETA Melco install six high-speed Mitsubishi elevators within the 13-storeyChampions Tower II and the 16-storey Champions Tower III over 16 weeks.

Upon completion, the lifts will include technology to reduce power costs by up to 50 per cent compared with conventional drive technology. ETA Melco will also provide free routine maintenance and emergency breakdown support for two years.

Rizwan Shaikhani, Joint Managing Director at Memon Investments, said: "We have identified our new partner's competence and professionalism, which was reflected by the comprehensive bid they have submitted that covered all aspects of the installation and post-delivery services.

"We were also thoroughly impressed by the excellent quality of the brand they carry, which coincides with our ideals in terms of delivering convenience, security, advanced features and overall safety to our clients," he added.

ETA Melco is the Middle East's leading firm to offer design, marketing, supply, installation and maintenance of elevators and escalators from Mitsubishi.



The number

50%: The reduction in power usage by the lifts installed at Champions' towers.

does anyone know when the 16 wks start from. Also, what is the latest actual activity on the builidng work. is the ground still being prepped????

Can anyone tell me what the realistic completion date for champions 3 is ???

Can anyone tell me what the realistic completion date for champions 3 is ???

No, nobody can... :ohno:

Just got confirmation from a senior sales consultant from Memon that the completion date is Oct 2009

also received some August pictures. shall i upload them??

I find that completion date wildly optimistic but then it is Dubai, I would like to see the pictures.

also received some August pictures. shall i upload them??

Yes please, keep us updated Shiraj... :)

Rob

can I email you the pictures so you can post them here??

Rob

can I email you the pictures so you can post them here??

Yes, mail then to info@dubai-palaces.com :)

With thanks to Shiraj,

http://i37.************/kedb8w.jpg

http://i36.************/kba8g8.jpg

http://i37.************/14np1e.jpg

http://i36.************/zn5zd5.jpg

http://i34.************/oivcxy.jpg

Ever seen such a beautiful hole? :D

Rob

can I email you the pictures so you can post them here??

Are your picture new?
please write the date of photos. (of champion tower 3 )
Best Rigards

Hi All

I've just written to Memon about my instalment plan. I made a lump sum payment to cover me until Feb 09 with 1st instalment being due in Mar 09 - the contracted completion date being April 09.

Obviously, the completion date is no longer attainable - I've requested Memon to defer my payments for a while. Anyone else in the same boat? How do Memon deal with this?

I have just been on a site called gowealthy dot com, and they are saying 1 bed appartments 773 sq meters are £200 grand :banana:, any ideas how these people valued them at this price?
or is it, as I suspect, good old fashoned bollocks :nuts:

I have just been on a site called gowealthy dot com, and they are saying 1 bed appartments 773 sq meters are £200 grand :banana:, any ideas how these people valued them at this price?
or is it, as I suspect, good old fashoned bollocks :nuts:

With 200 grand you mean approx. AED 1.083.720?
(had to search a currency convector...).
It's, by the way, better to keep prices in AED or $.

My friend, this is not a strange price. Memon is selling appartments in the Champions Towers now for AED 1950,-/sq ft (!!!).
Well... that is a bit overpriced, if you ask me. I think AED 1400,-/sq ft is a realistic price (if they ever get build...) :lol: :lol: :lol:

realistic maybe, but I've been trying to sell mine at only 1100 AED /sq foot - no interest whatsoever. has anyone got nay money left??

As far I can see on the citymap, Champions Tower are placed on R4 13, and i look in sports City forum, where there are som pictures showing that plot 13 compare to the stadium, are up in storict 15, means that the only have to finish inside??

No way CT 3 have gone up to 15 Storeys. I spoke with the Developer recently and the construction completion is Oct 09 (apparently). which building were you looking at Kim.

Rob, using your contacts, can you get some real info on the progress of all Champions towers - pictures, articles etc.

Imre, Amplesou, any chance fo getting progress pictures of all Champions Towers

No way CT 3 have gone up to 15 Storeys. I spoke with the Developer recently and the construction completion is Oct 09 (apparently). which building were you looking at Kim.

Rob, using your contacts, can you get some real info on the progress of all Champions towers - pictures, articles etc.

Imre, Amplesou, any chance fo getting progress pictures of all Champions Towers

Shiraj,

No news on this site...
I'm trying to get information from Memon, but it seems they are only busy making new plans with new developments. Only CT1 makes progress.
I beleive they still don't have contractors for several projects (like CT4).
:ohno:

will post on correct thread

With 200 grand you mean approx. AED 1.083.720?
(had to search a currency convector...).
It's, by the way, better to keep prices in AED or $.

My friend, this is not a strange price. Memon is selling appartments in the Champions Towers now for AED 1950,-/sq ft (!!!).
Well... that is a bit overpriced, if you ask me. I think AED 1400,-/sq ft is a realistic price (if they ever get build...) :lol: :lol: :lol:

Here is the link to the site

http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/uae/dubai/dubailand/dubai-sports-city/champions-tower-3/price.html

If CT3 ever gets built, does anyone know how the rental works i.e how much, do we have to furnish, management fee's, landlord contract etc :nuts:

Here is the link to the site

http://www.gowealthy.com/gowealthy/wcms/en/home/real-estate/uae/dubai/dubailand/dubai-sports-city/champions-tower-3/price.html


I'm rich!!!
If these prices are for real...:nuts:

I'm rich!!!
If these prices are for real...:nuts:

i noticed the uk pound prices are based on 7.45 durhams to the pound whenever was it that high!
It,s now 5.5 !

i noticed the uk pound prices are based on 7.45 durhams to the pound whenever was it that high!
It,s now 5.5 !

Deffo 7.2 this time last year.
So the weaker the pound the better it is for us???
Unless you are still buying!!!

Me paid for 8 instalments about £7100, and then because of the piss poor pound it has cost me for the 9th payment £9000.
Bad if you are paying :ohno::ohno:, BUT good if you are recieving :banana::banana:.

So when the F**k will it be built and I can charge rent:nuts::nuts:

No way CT 3 have gone up to 15 Storeys. I spoke with the Developer recently and the construction completion is Oct 09 (apparently). which building were you looking at Kim.

Rob, using your contacts, can you get some real info on the progress of all Champions towers - pictures, articles etc.

Imre, Amplesou, any chance fo getting progress pictures of all Champions Towers

If you click on dubai sport city, and then goe too last page and look at nr. 810 picture nr. 8, you see too tall building left on the cricket stadium??:banana:

no Kim. these are the Falak Towers. all Champions Towers save CT1 are still in the ground.

Kim. just looked at the Falak website. the two towers are Hub Canal 1 and Hub Canal 2. Naz Falak is one of the developers of DSC along with the Al Zarooni and the "other guy"

Okay, I just hoped

Kim are you an investor in CT3

Kim are you an investor in CT3

Yes, I have 1 bedrom apartment in CT3, what about you?:lol:

yes, I have 2 studios. When was the last time you heard from memon. they're not too hot on giving information.

yes, I have 2 studios. When was the last time you heard from memon. they're not too hot on giving information.
I haven't heart from them about info at all

Kim, you should send an email to Santy Mendez at santy@memon.ae.
tell her that you have a 1 bed and you are looking for updates, pictures etc.
tell her also in the email that other developers regularly post new pics etc but memon dont seem to take care of their website.

if she responds saying that Memon posts only quarterly updates then tell her that nothing has been received for the last 2 quarters.

I write to her all the time, so she must be fed up with me. be good if another voice can bug her now.

PS what is your payment plan??

Facts abount CT3. Completion will be around the summer of 2010 , ground works will take abount 9 months . I was at the site on 23/11/08 had meetings
with Memon. Delays were caused by late handover of the plot from the master developer pipeline under CT3 is a red herring, no work to talk of has even started on the groundworks (23/11/08). In my humble opinion CT3 is a good investment the days of making lots of money by flipping are gone if you can stick it out ride the storm and wait for the rentals. Rob with respect AED1400-/sq ft for CT3 DREAM ON current resale value AED 1050-/sq ft and dropping fast.

Dude, not news I wanted to hear. Even at 105o/per sq foot, Im struggling to sell!!

Isnt the pipe work issue yet resolved?? Last email I received from memon claimed that progress on groundwork and basement 2 floors were underway.

Why do you think rentals will be good? Is the Sport City vibe still there; or is this project gonna be an expensive crash??

Shiraj muslim brother why sell ??? what rental agreement do you have with the developer
Sports city is a great concept, global sports are seeing dubai as the centre, golf ,& cricket etc,my friend there will be no crash in dubai sports city the rentals are going to be high god willing

Hi

I have a studio in CT 3, top floor with a parking space. Looking to get rid quick and will accept any reasonable offers. If anyone is interested or knows someone that would be, please send me a PM. It is fully up to date on payments, 70% paid. Cheers

Kim, you should send an email to Santy Mendez at santy@memon.ae.
tell her that you have a 1 bed and you are looking for updates, pictures etc.
tell her also in the email that other developers regularly post new pics etc but memon dont seem to take care of their website.

if she responds saying that Memon posts only quarterly updates then tell her that nothing has been received for the last 2 quarters.

I write to her all the time, so she must be fed up with me. be good if another voice can bug her now.

PS what is your payment plan??
This is the last news about the project . please don't worry.:banana:
Champions Tower 3 as you are aware that the construction has commenced and the progress is on for completion as stipulated.
We are waiting for the pictures from the project department as and soon as we receive the same will be mailed to you at the earliest.
Currently excavation, shoring , piling has been completed, once the work reaches above ground level pictures will be forwarded
We have our company information on the website, and your most welcome to mail me for further inquiry on the details given below.

This is the last news about the project . please don't worry.:banana:
Champions Tower 3 as you are aware that the construction has commenced and the progress is on for completion as stipulated.
We are waiting for the pictures from the project department as and soon as we receive the same will be mailed to you at the earliest.
Currently excavation, shoring , piling has been completed, once the work reaches above ground level pictures will be forwarded
We have our company information on the website, and your most welcome to mail me for further inquiry on the details given below.


Come on... the last updates on the Memon website are from June(!!!) on all the projects. :ohno:
It's ridiculous how poor the information is about the projects. As Shiraj says, the quarterly update is becoming a yearly update...
Why no recent information about who is going to construct the buildings???
Only CT1 is being build.

Guys, I think we should wait to see the pics of DSC in January - even if the offical newsletter doesnt come out by then, Hatem Saleh from Choppershoot will have pics posted on his website. Hopefully, we should be able to see how much construction has progressed. If there is no significant change, maybe we, as a group, need to looby Memon.

Guys, I think we should wait to see the pics of DSC in January - even if the offical newsletter doesnt come out by then, Hatem Saleh from Choppershoot will have pics posted on his website. Hopefully, we should be able to see how much construction has progressed. If there is no significant change, maybe we, as a group, need to looby Memon.

YEAH I'll second that..!!!!!!!!!!:cheers:

Fellow CT3 investors, I just realised that we will (hopefully) soon be neighbours. Maybe we should have a party CT3's 'rooftop juicebar' to celebrate all this worry and anticpation over the last couple of years and (future couple).

Fellow CT3 investors, I just realised that we will (hopefully) soon be neighbours. Maybe we should have a party CT3's 'rooftop juicebar' to celebrate all this worry and anticpation over the last couple of years and (future couple).

can i come ?
even tho i will be from
venetian tower Canal residence west !

Let's make it a DSC-party. I'm a CT4 "neighbour". :banana: :cheers: :banana:

When we going to hold party in dec 2015?

Good plan, that's probably the year of receiving the keys... :lol:

No it will be some time summer 2010 ! no question in that :cheers::cheers::cheers::cheers::cheers::cheers:

OK for CT3 maybe, but for CT4 they don't even have a CONSTRUCTOR.
So it's already known that June 2010 is not possible for CT4... :ohno:

Amplesou, do you know how far we are in construction for CT3. Can anyone out there get some pics..... and who are the contractots - Al Sarh or Cairo Contracting Company??

Hey guys, I recently had a nightmare that Memon went bankrupt (too much doom and gloom on TV)!!!!
so I sent an email to them to ask about their situation.
Reply
Memon stands strong in this world crisis.....all projects will be completed....pictures we have received yesterday and the same will be sent to you within 2 days.....

Can't wait to see those pictures, Shiraj and please stop having nightmares... :nuts:

Rob

Have recieved those pictures and sent them to your email address. Can you upload as soon as you can

Thanks

Of course Shiraj, and thnx. :cheers:

http://i40.************/10mkfpg.jpg

http://i39.************/2djnrtg.jpg

http://i42.************/212bu3s.jpg

http://i39.************/oat1d2.jpg

Thanks a lot for your pics .:ohno:

hi, everyone
finally something is happaning on great hole of the dubai... called ct3

Yes, and I counted 13 workers, so it should be finished in a few weeks...
Pack your bags... :lol:

good idia
13 worker will finish project in next 13 year lol

all of you are in wrong. they are working on the roof of project . if you notice you can see that they are isolating the roof !!!

what are you talking about!!! How could they be working on the roof?? They are waterproofing the ground.

No no, I think Drakhlaghi is right. It's the first Dubai underground tower. :lol: :lol:

what are you talking about!!! How could they be working on the roof?? They are waterproofing the ground.

dear shiraj hoque ,Rob Timpie understood what I said . if you notice again you can see on the pic that they are working on pool of the project.
I think next summer we can swimming in the pool of the tower (on the roof ):banana:

I see.... your joking.

Dear fellow CT3 Investors

Cairo Contracting Company bags AED 82 million contract for Champions Tower III
Memon Investments awards second contract to Dubai-based construction company

April 16, 2008


This is from memon's website. I called Cairo Contracting this morning and spoke to the Project Manager. I asked if they were the appointed contractor for CT3. He replied that the project was on hold due to the building being G+15 and they only had permission for G+12.

He then said that they are unlikely to get the contract. I then remebered an email I received from Santy Mendes around Sept/Oct where she said that contractor for CT3 is Al Sarh Contracting. At the time I thought she was mistaken as the website said CCC, I thought maybe she mixed up with CT1.

Tomorrow, I will call Al Sarh and see what response I get.

After, the pipe delay, I hope CT3 doesnt have another delay due to floor level permissions. If anything, why not be open to investors - that way we can plan for things better. Do you agree?

Wonder what they will say. This message was the news in August...

21-Aug-2008 (GoWealthy.com)

Memon Investments, a leading Dubai-based property developer, has awarded a Dh1.96 million contract to ETA MELCO. The pact involves the installation of six high-speed, state-of-the-art Mitsubishi elevators within the 13-storey Champions Tower II and the 16-storey Champions Tower III, the developer's two high profile residential properties in Dubai Sports City.

Rizwan Shaikhani, Joint Managing Director, Memon Investments said: In order to ensure that we are aligned with the high quality standards that we aim to offer our clients, we have decided to partner with ETA MELCO, a market leader in the Middle East with extensive experience and expertise to undertake the elevator installation for Champions Tower II and III."

The contract with ETA MELCO follows previous deals with other top companies, including a Dh 55.5 million deal with Al Sarh Contracting for the construction of Champions Tower II and a Dh 82 million agreement with Cairo Contracting Company for Champions Tower III.

This message is from Shiraj Hoque. He's unable to place this message on the thread himself.

"I have just spoke to Eng. Burhan who is project manager for Al Sarh Contracting. He confirmed to me that Al Sarh are the contractors for CT3. He also confirmed that construction started on the 17th of December and will take 20 months. So, the completion date will be August 2010."


But atleast it's started hey....

I couldnt access the picture galleries on Memons website. Maybe they're updating!!!

I couldnt access the picture galleries on Memons website. Maybe they're updating!!!

They told me last week they were going to do some construction updates. This morning I coulnd't access either, so you could be right.
It's about time, the last updates were from June! :ohno:

False hope. Today again no access.
Think they lost control of the website again. I'd be surprised to see any updates within a week... :ohno:

check out the lastest pics on Memons website

Yes!!! Finaly construction updates! :banana: :banana: :banana:

but no change to CT4. shame.

spoke to Memon today. Advised that completion date more likely to be Oct 2010. there's a surprise.

spoke to Memon today. Advised that completion date more likely to be Oct 2010. there's a surprise.

Of CT 3 or CT4 ???

CT3. CT4 was 2032.

CT3. CT4 was 2032.

:lol: ^^ :lol:

http://i42.************/2zscwns.jpg

Slowly but Surely..............

:nuts:[/IMG]
Last photo from Memon about CT3 :

http://www.memon.ae/gallery.php?gal=Construction%20Updates&dir=Construction%20Updates/_%20%20Champions%20Tower%20III

BAD NEWS REPORTS ON DUBAI

http://www.youtube.com/watch?v=67dYh4UQmUE

http://www.youtube.com/watch?v=M4ij5f4xICM&feature=related

bad news is about London , America , and all of the world .
Are you agree with me ?

You know guys,

This is the best moment to invest in the stock market as well as in real estate.
Like always investors make the wrong decisions at the wrong time. They sell when prices are low and buy when prices are high.
You win the most when you do exactly the opposite of what most people do.
So don't sell now and lose your money, wait for the right moment to collect profit...
When everybody is negative, be positive and take your chances. :)
Baker, you shouldn't read all that negative stuff from journalists, read what succesfull people do... People who shout a lot are always right once... They don't publish all the times they were wrong.

I'm sure DSC will be great in a few years!!! Wait and see :cheers:

Much agreed dude.

Whilst I believe that maybe certain developments in Dubai may suffer (i.e. Palm, World etc). I feel that DSC is different to them in that it caters for a much much wider audience and market. Palm and World etc are only accessible to very rich people and investors so in a sense its riskier.... but also what do they offer aside from a good view and "prestige of ownership".

DSC is more practical and unlike World and Palm which in itself is the selling product, DSC is not the selling product itself.... it is simply the ceiling over the products that sell i.e. football, cricket, golf, tennis, hockey, super concerts in world class stadia, sports commercial enterprises and so on. So everyone BE POSITIVE.

I totaly agree whit you gues

yes guys i totally agree with u
i dont think we can do any thing about recession all we need to do to hold on to our investment and pray to allah .
insted of worrey about recession we need to keep pressing memon to complete project and make sure they dont go bust and insure our money stays safe untill project finish.

Yeah things are never 100% certain, but we can still remain 100% positive.
Think of it like a Marathon..................be in it to win it..!!!!!!!!!!!!!!!

Positive, assuming the developers survive the credit crunch....

who is investor for ct3 here...
does any one know e mail id or tel no for shanty mendis's boss..
she is not answering emails at mom.

Sportslover, sometimes the email on Santy's blackberry device does not work but try giving her a call on the Mobile. If you want, let me know i can give it to you.

Regarding CT3, I know your worrys when someone doesnt get back to you because its easy to think that they have gone bankrupt or run away in this current climate.... but I had this conversation with Santy last week.

Basically, she affirmed that although some developers in DSC are struggling and some projects have surely been cancelled or placed on hold, Memon rides strong through this current crisis. Partly, because Memon have been over 30yrs of experience and backing and also because they are a diversified conglomerate with other business interests eg Rubber World Industries etc.

Furthermore, the fact that they advertised recently that they are now selling units with only 10% down and balance of 90% payable over 7 years with interest AFTER completion of project proves that they have the cash to build but need committment of purchase from investors.

CT1, 2 and 3 are in progress. Santy assured me that the delay with all three (4 if you count CT4) is down to the Master Developer DSC. How? I did not go into detail - but I suspect its due to developers needing to register under RERA before any work being commenced. But also, because the Master plan, i think changed a few times, so developments had to wait until Masterplan was finalised. (Please note, this statement about DSC delay is only speculation on my part based on snippets of information I received over past few years). If someone can offer a true reason why DSC delayed, I woudl love to hear from you.

What is fact however, is that CT3 was delayed due to piping or so underneath construction site which took a while to get rid of. Also, the Metro line which was not in the initial DSC plan, was now in their plan (which obviously makes sense to have a metro train line) and CT3 location had to move slightly to accomodate this. Another fact, CT3 was originally awarded to Cairo Contracting (as stated on Memon website and several newpaper cuttings). I myself called a project manager at Cairo Contracting and asked him what the sitaution was. He mentioned that there was a dispute about the number of floors. Memon planned 13/14 but Cairo Contracting could only go up to 10 (why? I dont know). I then emailed Santy asking who the Contractor was going to be. The answer - Al Sarh Contracting (who are also building CT2, I think). I called the project manager at Al Sarh (Eng. Burhan) who confirmed that they started work in Nov 08 and would take about 20 months to complete if all goes well.

I also think now that Memon will post more progress pictures on their website due to being physically being able to see progress in construction, whereas before, there were just holes so it would raise more questions and suspicion amongst investors (which a lack of information does anyway!!!, but thats their call).

So fellow investors, I hope I have been able to supply you with some sort of background and optimism for the future and I hope to enjoy a drink with you all in CT3's rooftop juice bar and hopefully look back over the last few years and wonder why we were so worried in the first place.

Thanks for your reply brother siraj
all you said is right but i still think we need to keep an close eye on the development as we allready paid lots of money to memon and at mom nothing getting back for my invesment.
i am sure once all this done we all will enjoy life at DSC.
have u heard about cancelled tournament between pakistan and srilanka. in dsc bad news and bad start for dsc

Bro, I keep a close look at DSC and Memon more than most.... as you may have gathered from my posts.

At the moment, nobody is getting back from their investment but it will be a matter of time (insha Allah). Are you UK based? why did you choose this project to invets in?

thanks brother
ya i m uk based
to be honest i dont know why i choose ct3
i guess love for cricket,.....

[QUOTE=sportslover;32323222]Thanks for your reply brother siraj
all you said is right but i still think we need to keep an close eye on the development as we allready paid lots of money to memon and at mom nothing getting back for my invesment.
i am sure once all this done we all will enjoy life at DSC.
have u heard about cancelled tournament between pakistan and srilanka. in dsc bad news and bad start for dsc[/QUOTE



Try to remain positive,

http://ameinfo.com/184927.html

found this article and it seems the people of Dubai remain positive..!

I may have to sell one of my apartments if my sisters wedding takes place this summer as planned. Does anyone think I can sell for 60k (the price at which I purchased) given this current climate.

I may have to sell one of my apartments if my sisters wedding takes place this summer as planned. Does anyone think I can sell for 60k (the price at which I purchased) given this current climate.

No :ohno:

I think in the current market the project should be in contruction phase or finished, otherwise I don't think you will find a lot of buyers...

Guys interested in the construction progress of CT3. If you look at the Zenith Towers website www.zenithtower.com - follow the link to construction of Tower 1.

Tower 1 is directly behind the CT3 plot site. If you look to the right of the picture, you can just about see the progress of the CT3 site as at 02/03/09.

Zenith are more regular in posting updates, so hopefully us CT3 investors can freeload on their backs.

I'm sure all of you have heard whats going on with BMG and the CUBE. Just wonder if we can pressure Memon to pass over savings to Investors like some other developers.

I got an email from Memon stating that they dont cancel projects or delay them to save on construction costs so we will have to keep an eye on this.

I'm sure all of you have heard whats going on with BMG and the CUBE. Just wonder if we can pressure Memon to pass over savings to Investors like some other developers.

I got an email from Memon stating that they dont cancel projects or delay them to save on construction costs so we will have to keep an eye on this.

Please enlighten me as I do not know what is going on with BMG and the CUBE.

Many thanks

Joe

Latest pics from Memon website

http://i44.************/33cvrqr.jpg

http://i40.************/scg75d.jpg

http://i40.************/20tjcco.jpg

Any ideas what has happened on the Mermon web site with regard to pictures of upate's, they all seem to have disapeared

Any ideas what has happened on the Mermon web site with regard to pictures of upate's, they all seem to have disapeared

Looks like dey all back again...!!!! :banana:

Looks like dey all back again...!!!! :banana:

There not my friend, a couple of manky pictures showing an old pipe is old news:ohno::ohno::ohno::ohno:

There not my friend, a couple of manky pictures showing an old pipe is old news:ohno::ohno::ohno::ohno:

Probably not a lot more has happened... :nuts:

Leading contractor to manage electrical, plumbing, fire fighting works within two projects in Dubai Sports City

May 04, 2009

http://i41.************/vmvm7s.jpg

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, the Memon Group of Companies, announced that it has awarded an AED 19.5 million MEP contract to Anwar Al Aqsa, a leading UAE-based company. The leading MEP contractor will manage the electrical, fire alarm, plumbing, and fire fighting works within Memon Investments’ ‘Champions Tower II’ and ‘Champions Tower III’ projects, located in Dubai Sports City. With construction progressing on the two towers, which are collectively valued at AED 255 million, the developer most recently awarded an AED 1.96 million elevator contract to ETA MELCO for the installation of six high-speed, state-of-the-art Mitsubishi elevators within the 14-storey Champions Tower II and the 16-storey Champions Tower III.

Memon Investments has revealed that its decision to award the contract to Anwar Al Aqsa was based on the company’s experience within the engineering, owner, vendor and trade contractor communities, which has enriched its capacity to provide the greatest value to a project. Specifically, the company will be utilising its expertise in HVAC systems installation, building electrical works, generator installation, interior and exterior plumbing, fire protection systems installation and exterior lighting for Memon Investments’ luxury residential developments. The contract with Anwar Al Aqsa follows previous deals with other top companies, including an AED 55.5 million deal with Al Sarh Contracting and an AED 82 million agreement with Cairo Contracting Company for the construction of Champions Tower II and Champions Tower III respectively.

“Our reputation within the UAE’s thriving property development sector has been built on the quality of our projects, which is the result of our close collaboration with leading companies that possess the necessary industry expertise and know-how of the latest industry technologies,” said Rizwan Shaikhani, Joint Managing Director, Memon Investments. “This strategy has enabled us to provide the highest level of convenience and state-of-the-art facilities to our clients. We have high confidence in the work Anwar Al Aqsa will be doing for Champions Towers II and III, which will play an integral role in the anticipated success of these two projects.”

Having worked with a wide variety of projects across the UAE - from villas to mid-rise buildings to high-rise towers, Anwar Al Aqsa has developed a distinctive quality in its workmanship and has impressed various local authorities, including the UAE Ministry of Electricity and Water, as well as a number of high profile developers. With offices in Dubai, Sharjah and Ajman, the company comprises of qualified electricians, plumbers and technicians who leverage its good infrastructure, material resources and equipment to execute major projects. Anwar Al Aqsa’s extensive expertise across various levels of MEP engineering, in addition to its operations involving the design, manufacturing and assembly of distribution boards were key factors that helped the contractor clinch the deal.

“Memon Investments has a reputation for high quality developments, and we are proud to have been awarded this contract to work on two of their iconic projects. Ever since we commenced operations, we have been winning several high profile contracts, which underline our expertise and the superior quality of our services. With this latest contract from Memon Investments, we look forward to complementing their vision for excellence by adding value at every stage of our involvement,” concluded Eng. Isam Abdullah Edyak, Managing Director, Anwar Al Aqsa.

Memon Investments currently has a portfolio of projects valued at AED 1.34 billion, which includes the high profile residential 'Champions Towers' series, the luxurious ‘'Gardenia I & II’, ‘Frankfurt Sports Tower I’ and 'Cambridge Business Centre'. The Escrow accounts for all the projects are already in place with the Commercial Bank of Dubai, in compliance with the requirements of the Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD). Each of the towers will also combine sophisticated design and advantageous positioning, thereby underlining Memon Investments’ unwavering focus on delivering high ROI projects to regional and global investors.

New photos on the Mermon site, looks as if we will be able to park our cars under cover now.

New photos on the Mermon site, looks as if we will be able to park our cars under cover now.

New photos ???????:ohno:

New photos on the Mermon site, looks as if we will be able to park our cars under cover now.

Sorry I meant to say that good old Santy emailed me some pictures that show the car park now has a roof on it.
I would upload if I knew how. :cheers:

Sorry I meant to say that good old Santy emailed me some pictures that show the car park now has a roof on it.
I would upload if I knew how. :cheers:

Email the pictures to me, I'll put them on the forum.
Send my emailadress to your privat messagebox. :)

Rob

did you receive those pictures yet from Joepodge??

Rob

did you receive those pictures yet from Joepodge??

No, not yet... :ohno:

Hi Rob,
I got the pictures, what are ou e-mail adress

Hi Rob,
I got the pictures, what are ou e-mail adress

info@dubai-palaces.com :)

No, not yet... :ohno:

Just emailed them, sorry for the delay but I was away on holiday

:cheers:

There they are, recent pictures from CT3 delivered by Memon (thanks to Joepodge)

http://i39.************/156edt2.jpg

http://i42.************/akwwhd.jpg

http://i39.************/1zlc12s.jpg

Can anyone explain what exactly is going on here and how long till the first floor will be built?

I have heart it takes 3 days to build 1 floor, but this is ground floor, so maybe a week

Then it should take 45 days to top out. I dont think so.
A floor every 2 weeks is probably more realistic.

Does anyone know how the resale market is picking up.

Then it should take 45 days to top out. I dont think so.
A floor every 2 weeks is probably more realistic.

Does anyone know how the resale market is picking up.

Hello Shiraj,

Resale market is recovering on finished projects, but I'm still waiting for the "big boom". Think we have to wait untill the banks are lending out money to developers and investors. :nuts:

Also think one floor will take at least 1 month... :)

Can anyone explain what exactly is going on here and how long till the first floor will be built?

Well I've just returned from a guided tour of all the Memon projects in sports city and silicone oasis with some of the Memon BIG wigs and they tell me they are aiming for one floor per month:nuts:.
We were driven past every project and allowed to take pics from the outside of every site and inside CT2 site when I asked.
They told us that CT 2 Completion is expected 1st quarter 2010..?

I have taken loads of pics, just got to find best way of downloading all on to skyscrapercity..!!!^^

Any suggestions appreciated:cheers:

Within reason....:lol:

Mike Muz

cant wait to see your CT3 pictures

Mike Muz

cant wait to see your CT3 pictures

Not the best pics of CT3 coz there only from outside the site.
However rest assured there is plenty of activity from within.
I was only allowed to take pics inside CT2 site.

Will try to upload all pics very soon.....!!!!!:cheers:

http://i516.photobucket.com/albums/u321/mikelegobbychap/Sports%20city%20May%202009/Dubai2009CT2066.jpg
http://i516.photobucket.com/albums/u321/mikelegobbychap/Sports%20city%20May%202009/Dubai2009CT2067.jpg
http://i516.photobucket.com/albums/u321/mikelegobbychap/Sports%20city%20May%202009/Dubai2009CT2068.jpg
http://i516.photobucket.com/albums/u321/mikelegobbychap/Sports%20city%20May%202009/Dubai2009CT2070.jpg

I'm sure all of you have heard whats going on with BMG and the CUBE. Just wonder if we can pressure Memon to pass over savings to Investors like some other developers.

I got an email from Memon stating that they dont cancel projects or delay them to save on construction costs so we will have to keep an eye on this.

Still wondering what this is all about:nuts::nuts:

update on ct3

could any one tell me how to upload pic here
i have few latest pic of ct3
reg.

could any one tell me how to upload pic here
i have few latest pic of ct3
reg.

Upload to photobucket then copy and paste img link to page..!!
you can email me the pics if you want and I will post them for you under your name.!!
My email address is in my user space..!!

Some update pics of CT3 from Memon

http://i516.photobucket.com/albums/u321/mikelegobbychap/ct%203/DSCF0173.jpg

http://i516.photobucket.com/albums/u321/mikelegobbychap/ct%203/DVC00004.jpg

http://i516.photobucket.com/albums/u321/mikelegobbychap/ct%203/DVC00005.jpg

http://i516.photobucket.com/albums/u321/mikelegobbychap/ct%203/DVC00007.jpg

Based on these pictures and assuming work continuing at current capacity, can anyone guess when the estimated completion date might be?

I'm sure all of you have heard whats going on with BMG and the CUBE. Just wonder if we can pressure Memon to pass over savings to Investors like some other developers.

I got an email from Memon stating that they dont cancel projects or delay them to save on construction costs so we will have to keep an eye on this.

Still wondering what this is all about:nuts::nuts::nuts:
:cheers::cheers::cheers:
:bash::bash::bash:

Based on these pictures and assuming work continuing at current capacity, can anyone guess when the estimated completion date might be?

September 2010

Based on these pictures and assuming work continuing at current capacity, can anyone guess when the estimated completion date might be?

Well if CT2 is due 1st quarter 2010 (now on second level) CT3 can't be too far behind..:ohno:
Maybe June/July ish..???:nuts:

If u look to the right of Zenith Tower u will see CT3 1st floor complete.

http://i43.************/11lr79s.jpg

http://i39.************/bj7eaf.jpg

or it could be car park cover!!!

or it could be car park cover!!!

No thats progress..!!!!!

That was'nt there two weeks ago:lol::lol::lol:

yep. received a progress report frm Memon today

Champions Tower 3
PROGRESS REPORT
As on June 2009

Main Contractor: Al-Sarh Contracting
Total completion: More than 19%
Structural progress: 22% done as on March 14th 09
Current status: 2nd floor slab in progress

I'm sure all of you have heard whats going on with BMG and the CUBE. Just wonder if we can pressure Memon to pass over savings to Investors like some other developers.

I got an email from Memon stating that they dont cancel projects or delay them to save on construction costs so we will have to keep an eye on this.

Still wondering:nuts::nuts::nuts:

BTW, I recieved updated pictures today, it appears they are cracking on with the project :cheers::cheers::cheers::cheers::cheers:

Still wondering:nuts::nuts::nuts:

BTW, I recieved updated pictures today, it appears they are cracking on with the project :cheers::cheers::cheers::cheers::cheers:

Can you upload these pictures for us???? :)

This is taken from the Zenith Towers website as at 01.07.09.

To the right you can see CT3 has reached 2nd floor. Roll on.


http://i41.************/r73wco.jpg

Latest pics from CT3

http://i43.************/30uv9m1.jpg

http://i43.************/24mrmed.jpg

http://i44.************/14sjjb8.jpg

check out the progress of CT3 in the background

As at 01/07

http://i26.************/soblgp.jpg


As at 15/07

http://i30.************/107vrqs.jpg

Took these on 20th of July 2009

http://i26.************/11ui3bn.jpg

http://i25.************/x6eslh.jpg

:banana:Hi Rob T
Thank you for the new pic:cheers:

Who can explain for me about "electrical utiliuty Charge" ?
yesterday I recieved a letter from memon that wanted me to pay 38,000 AED for "electrical utility charges + pre-registration of 2 units".:ohno:

I dont understand that, compere to Contract, all light and spots are included??
pre-registration, I can agre

shiraj_hoque, do you no antthing about this??

:ohno::bash:

Sch 3
Section 2
Point 2.4

The Total Purchase Price excludes registration charges, documentation charges, mainline connection and meter charges, electricity, water and gas, maintenance and association charges and all other charges and expenses of any nature whatsoever in connection with the Purchase of the Apartment by the purchaser.


So unfortunately, contractually we have no recourse to not pay. I knew this was on the contract but I could never have guessed just how costly this would be.

Can ALL champions towers investors possibly petition to pay these costs over a longer period of time to ease our pockets financially????

Sch 3
Section 2
Point 2.4

The Total Purchase Price excludes registration charges, documentation charges, mainline connection and meter charges, electricity, water and gas, maintenance and association charges and all other charges and expenses of any nature whatsoever in connection with the Purchase of the Apartment by the purchaser.


So unfortunately, contractually we have no recourse to not pay. I knew this was on the contract but I could never have guessed just how costly this would be.

Can ALL champions towers investors possibly petition to pay these costs over a longer period of time to ease our pockets financially????
these are 2 letter (for 2 units) that I resived. are you resived similar that e-mails from Memon? :

Dear Mr. Akhlaghi

Reference :Champions Tower III– .....

Memon Investments is pleased to inform you that we have signed the pre-registration agreement with the Dubai Land Department in line with Law No. 13 of 2008. regulating the interim Real Estate Register of Dubai.

As you are aware, the Dubai Government has been taking a series of intensive measures to support investor interests and strengthen the property sector of the emirate.

The advantage of registration is that your unit purchased off-plan is registered with the Government of Dubai, and as soon the project is completed and upon handover, you can transfer the completed unit from the interim Registration to the property title deed under your name.

The pre-registration has begun, and we will undertake the pre-registration process on your behalf with the Dubai Land Department, The cost of pre- registration per unit has been fixed at a total of AED 2000,

In addition to the above the additional electrical utility charges to be paid which has been worked out @AED 20/- per sq ft, totals to AED20780.00 as per the area of the unit you own.

The total payment AED22780.00 (Additional electrical utility charges + pre-registration AED 2000.00) has been divided in 3 installments for the month on August/ September/October 2009 of AED 7593.00.

The handover of Champions Tower III is scheduled for October 2010. Given below are the bank details to remit above mentioned amount.




Thanks
Dear Mr. Akhlaghi

In addition to the above the additional electrical utility charges to be paid which has been worked out @AED 20/- per sq ft, totals to AED12940.00 as per the area of the unit you own.

The total payment AED14940.00 (Additional electrical utility charges + pre-registration AED 2000.00) has been divided in 3 installments for the month on August/ September/October 2009 of AED 4980.00.

The handover of Champions Tower III is scheduled for October 2010. Given below are the bank details to remit above mentioned amount.



Should you have any queries, please do not hesitate to contact us on the details given below. We look forward to your cooperation and assure you of our commitments.

Thanks

DRAKHLAGI
Do you have 2 units in ct3 beacuase i see two sets of numbers for you to pay?

And why the utility charges that they want is so much? Doese anyone know why?

Do you have 2 unit in ct3 beacuse i see two sets of defferent numbers?

And does anyone know why is it so expensive?

I must say that I was aware of some sort of connection cost for utilites, this I was advised of by a friend who owns an appartment, but a little pissed about the registration fee.
I suppose it's a case of having to pay

DRAKHLAGI
Do you have 2 units in ct3 beacuase i see two sets of numbers for you to pay?

And why the utility charges that they want is so much? Doese anyone know why?

Unfortunately ,yes !:badnews:

Sch 3
Section 2
Point 2.4

The Total Purchase Price excludes registration charges, documentation charges, mainline connection and meter charges, electricity, water and gas, maintenance and association charges and all other charges and expenses of any nature whatsoever in connection with the Purchase of the Apartment by the purchaser.


So unfortunately, contractually we have no recourse to not pay. I knew this was on the contract but I could never have guessed just how costly this would be.

Can ALL champions towers investors possibly petition to pay these costs over a longer period of time to ease our pockets financially????


I think it is a bedder idea to split it in 12 month, what about that???

Sch 3
Section 2
Point 2.4

The Total Purchase Price excludes registration charges, documentation charges, mainline connection and meter charges, electricity, water and gas, maintenance and association charges and all other charges and expenses of any nature whatsoever in connection with the Purchase of the Apartment by the purchaser.


So unfortunately, contractually we have no recourse to not pay. I knew this was on the contract but I could never have guessed just how costly this would be.

Can ALL champions towers investors possibly petition to pay these costs over a longer period of time to ease our pockets financially????

Dear Mr. shiraj_hoque
What do you thik about this e-mail? I received it this morning. Are you think I must to agree with this planing ?: :tyty:

Dear Mr. Omid Akhlaghi - ATHAR

Unit No: .....

Project Name: CHAMPIONS III



Greetings from Memon and thank you for reply. Please note that Home protection plays a key role in securing your property for your family/beneficiary in case of unforeseen circumstances.

We have received the payments and the completed forms from most of our customers. We are still to receive the same from you. We plan to commence the registration process in the next couple of weeks and therefore request you to ensure that the forms and the payments necessary for the registration process are completed by you in this week.

When compared with the benefits the cost for this protection is negligible. Home protection can cost you as little as AED 500.00 pm x 12 = AED 6000.00. Provided below is a table with the due charges:

Apartment Value
Premium

Per Month (in AED) Per Year ( in AED )

Upto 700,000.00 416.66 5000.00

700,000.00 - 1.00 million 500.00 6000.00

1.00 million - 1.60 million 600.00 7200.00

1.6 million - 2.00 million 700.00 8400.00

Above 2.00 million 750.00 9000.00


The Registration process for the above has already begun and the amount needs to be remitted as per details mentioned below.........

Mode of Payment:

1. Total premium payable in full.

2. Total premium payable in 2 equal installments on a half yearly basis.



We hope to receive your cooperation in helping us complete the pre-registration process in a smooth and speedy manner.

If you have an existing mortgage protection scheme please note the following:

Customers with existing life insurance policies though have the option to assign* the policy to us provided it meets the following criteria:

· Policy is more than six months

· Policy covers the outstanding loan value

· Policy covers the tenure of the loan including the construction period

· Policy is active and insurance premium is paid up to date

· Policy covers Life and Total Permanent Disability.

*Please Note: An Assignment Fee will be applicable

We look forward to receiving your cooperation please do let us know if your existing arrangements meet the above requirements and the same can be assigned to us .

Should you have any queries, please do not hesitate to contact us on the details given below. We look forward to your cooperation and assure you of our commitments.

Kindly fill the attached form and payments remitted copy fax back to us at +9714 262 6455.

Thanks

Personal Information Update Form..............

Is this a joke i mean mortgage protection is between you the borrower and the lending bank why are memon getting involved !
I would go to Rera with these problems also to the gulf media who are very receptive to these kind of cons tricks !
It seems shiaj hogue is just making there life easy judging by his submissive attitude !
Does he realize they will follow it up with another 3k on water 3k on sewage and 3 k on gas if applicable and thats before they cook up communal services !
Your people have to fight ! This is a human rights issue here !:ohno:

Is this a joke i mean mortgage protection is between you the borrower and the lending bank why are memon getting involved !
I would go to Rera with these problems also to the gulf media who are very receptive to these kind of cons tricks !
It seems shiaj hogue is just making there life easy judging by his submissive attitude !
Does he realize they will follow it up with another 3k on water 3k on sewage and 3 k on gas if applicable and thats before they cook up communal services !
Your people have to fight ! This is a human rights issue here !:ohno:

i'm % percent with you amplesou,
It seems some investors in ct towers(1/2/3/OR 4)are not willing to check things out and fight for their right as if it's easier for them to pay for whatever memon asks.

please guys stop it or if you have too much extra money to give away i will give you my bank account info :lol:

Is this a joke i mean mortgage protection is between you the borrower and the lending bank why are memon getting involved !
I would go to Rera with these problems also to the gulf media who are very receptive to these kind of cons tricks !
It seems shiaj hogue is just making there life easy judging by his submissive attitude !
Does he realize they will follow it up with another 3k on water 3k on sewage and 3 k on gas if applicable and thats before they cook up communal services !
Your people have to fight ! This is a human rights issue here !:ohno:

if you go to Rera let us know what are they saying about these charges?

is anyone else feels cheated in this deal. so far memon has saved so much money with the construction materials been much....chapear than 2 years ago :ohno: :bash:

if you go to Rera let us know what are they saying about these charges?

is anyone else feels cheated in this deal. so far memon has saved so much money with the construction materials been much....chapear than 2 years ago :ohno: :bash:

I'm agree with you.did you recieve any e-mail similar mine?
pls inform me every news about this problem. thanks:gossip:

I'm agree with you.did you recieve any e-mail similar mine?
pls inform me every news about this problem. thanks:gossip:

yes,
I got the same email . I sent you a private message .

Is this a joke i mean mortgage protection is between you the borrower and the lending bank why are memon getting involved !
I would go to Rera with these problems also to the gulf media who are very receptive to these kind of cons tricks !
It seems shiaj hogue is just making there life easy judging by his submissive attitude !
Does he realize they will follow it up with another 3k on water 3k on sewage and 3 k on gas if applicable and thats before they cook up communal services !
Your people have to fight ! This is a human rights issue here !:ohno:


IN REPLY TO AMPLESOU'S STATEMENT - THE STATEMENT IS CLEARLY WRITTEN IN THE CONTRACT. YOU PEOPLE MUST BE SIGNING CONTRACTS WITHOUR READING THE BLOODY THINGS. WHO'S FAULT IS THAT - YOURS OR MINE OR MEMONS.

WHAT WASNT WRITTEN WAS VALUE OF THESE SERVICES. EVERYONE MUST HAVE ASSUMED THEM TO BE NEGLIGIBLE SO DIDNT BOTHER ASKING QUESTIONS....... AND NOW YOUR IN THIS MESS SO YOUR CLAIMING INGORANCE. WELL NEWS FOR YOU.... IGNORANCE IS NO DEFENCE.

WHAT I AM SAYING IS THAT IF ANYONE CAN GET MEMON TO WITHDRAW THESE CHARGES "GOOD LUCK"........ BECAUSE THAT WONT HAPPEN. BUT, MEMON MAY BE RECEPTIVE TO SPLITTING THESE COSTS OVER THE DURATION OF THE CONSTRUCTION PERIOD (10 MTHS, 12 MTHS, 15 MTHS - HOWEVER LONG IT TAKES). I THINK THIS IS A MORE ATTAINABLE GOAL.

AND AS PER CONTRACT, SEWERAGE, WATER ETC COULD ALL BE CHARGEABLE IN FUTURE. SO A WORD OF ADVICE DEAR SHORT TERM WANNA-BE "PROPERTY MILLIONAIRES" - NEXT TIME DONT SIGN ON THE DOTTED LINE UNTIL YOU HAVE READ AND UNDERSTOOD THE CONTRACT AND ITS IMPLICATIONS. IT IS WRITTEN BY THE SELLER TO PROTECT THE SELLER NOT YOU, - GET WISE TO THIS FACT.

With all due respect Shiraj hoque I do not agree with your statement. The fees have to bear some resemblance to the actual cost of the work. If you take Memons estimates then the electricity charges they are telling us come to over 4,000,000 AED or approx. 700,000 pounds stirling!!!!! Are they paying for electric connections for every property in Dubai? They cannot just pluck a figure out of thin air and insist we pay it. If that was the case why don't they ask everybody for 1 million AED and have done with it.

This cost is nothing short of daylight robbery.

Yesterday I recieved a new picture of CT3 project from Memon.

Recieved this recently any thoughts !/
Dear Mr.

Greetings, hope you are doing fine!

We refer to your email and would like to clarify that the Electrical utility charges are for the Mainline Connection and the same can be cleared by checking your SPA page 7 clause 9.1 and 10 or page 5 , 2.4 or 2.5

As for the Pre Registration the same is charged @ 2000 AED as we have to register your unit with the Dubai Land Department.

Please note that these payments are to be made with immediate effect to avoid any disruption in the construction activity as well as the project handover.

Looking forward to your cooperation.

Thanks



Shah Assad
Assistant Manager - Sales
Memon Investments LLC
(A member of Memon Group of Companies)
5E, Hamarain Centre, P.O. Box 41950, Dubai, U. A. E
T: + 971 4 268 8111, M: + 971 50 345 2149, F: + 971 4 262 6455
Email: shah@memon.ae, www.memon.ae

This email communication, together with any attachments, is confidential and is intended only for the use of the addressee(s) and may contain information which may be covered by legal, professional or other privilege. If you are not the intended recipient, any copying, distribution or use of this email or its attachments, or of the information contained herein, is strictly prohibited; please destroy this email and its attachments and notify us immediately. Memon is neither liable for the proper, complete transmission of the information contained in this communication nor any delay in its receipt, unauthorized interception by a third party, any alteration, or corruption during transmission, or for any loss or damage caused by any virus transmitted by this email. Any opinions, express or implied, presented are solely those of the author and do not necessarily represent those of the company.

Recieved this recently any thoughts !/
Dear Mr.

Greetings, hope you are doing fine!

We refer to your email and would like to clarify that the Electrical utility charges are for the Mainline Connection and the same can be cleared by checking your SPA page 7 clause 9.1 and 10 or page 5 , 2.4 or 2.5

As for the Pre Registration the same is charged @ 2000 AED as we have to register your unit with the Dubai Land Department.

Please note that these payments are to be made with immediate effect to avoid any disruption in the construction activity as well as the project handover.

Looking forward to your cooperation.

Thanks



Shah Assad
Assistant Manager - Sales
Memon Investments LLC
(A member of Memon Group of Companies)
5E, Hamarain Centre, P.O. Box 41950, Dubai, U. A. E
T: + 971 4 268 8111, M: + 971 50 345 2149, F: + 971 4 262 6455
Email: shah@memon.ae, www.memon.ae

This email communication, together with any attachments, is confidential and is intended only for the use of the addressee(s) and may contain information which may be covered by legal, professional or other privilege. If you are not the intended recipient, any copying, distribution or use of this email or its attachments, or of the information contained herein, is strictly prohibited; please destroy this email and its attachments and notify us immediately. Memon is neither liable for the proper, complete transmission of the information contained in this communication nor any delay in its receipt, unauthorized interception by a third party, any alteration, or corruption during transmission, or for any loss or damage caused by any virus transmitted by this email. Any opinions, express or implied, presented are solely those of the author and do not necessarily represent those of the company.

Hi Amplesou,

Which tower you invested in..??

Had this email aswell for CT2:bash:

Hi Amplesou,

Which tower you invested in..??

Had this email aswell for CT2:bash:


Hi ; I have recieved similar this E-mail from Memon :

Hi

Greetings, hope you are doing fine!

We refer to your email and would like to clarify that the Electrical utility charges are for the Mainline Connection and the same can be cleared by checking your SPA page 7 clause 9.1 and 10 or page 5 , 2.4 or 2.5

As for the Pre Registration the same is charged @ 2000 AED as we have to register your unit with the Dubai Land Department.

Please note that these payments are to be made with immediate effect to avoid any disruption in the construction activity as well as the project handover.

Looking forward to your cooperation.

Thanks




Shah Assad
Assistant Manager - Sales
Memon Investments LLC
(A member of Memon Group of Companies)
5E, Hamarain Centre, P.O. Box 41950, Dubai, U. A. E
T: + 971 4 268 8111, M: + 971 50 345 2149, F: + 971 4 262 6455
Email: shah@memon.ae, www.memon.ae"






"

I would suggest not to pay them (memon ) !
You are dealing with very bad people here ( memon) and i don,t mind speaking out in de-fence of the innocent people who are outraged at the hidden financial operation they are trying to impose !
Memon you are a disgrace !!!!
:cheers:

It is easy to say that you are not paying them for this extortionate electricty charge. Indeed after several emails to Memon I think exactly the same. I am only afraid, however, that they have us over a contractual barrel and don't want to risk losing the considerable amount of money that I have already paid.

I wonder just how many people have already paid this charge.

Hi,
I got same email from memon
DO NOT pay any money to them,
i phoned rera and e mailed to dubai land department they also said this is rediculas and agree memon asking too much money.
i am waiting for answer from dubai land i request all of you to do same
I also ask mr asad shah to send me detail breakdown of this charges no way there is 4 million aed for this faciclity.
so dont be afraid and rember there is protection in dubai.
please all write to rera contact detail is on rera web site.
If any investor is in dubai could you please go to rera office and take this further.
thanks

I must admit I was wrong..... I knew I could be so I didnt pay any money and waited to see what transpires.

I will also email RERA or phone them to solidify our case.

I must admit I was wrong..... I knew I could be so I didnt pay any money and waited to see what transpires.

I will also email RERA or phone them to solidify our case.

Your comments did deflate me recently but it is a good quality you have to admit this !
Maybe we can get back on track and fight these morons !
I also contacted Rera recently ( by e=mail ) but had no reply as yet ?
:cheers:

I have a question from everyone about your contract.When did memon gave you the actuall contract?Was it after you paid the%5 ?

They said before you must pay the%5 first then we will give you the contract this is common in dubai now i think the were lieying.
In the rest of the world you will see and read the contract first then you buy.

Is this happened to anyone by memon?:ohno:

Nop
Contract Come after we paid 5% depositre so we did not know what is condition they applied....
If any one want to complain to rera about this charges the person who deal with complain is below.....
shammak@dubailand.gov.ae
please provide full detail and if you have any refrence no from privious coomunicatin send them also.
tha

Hi All

I am with Memon in DSO, and have got exactly the same notice, 20 dhs sq ft connection charge, so they seem to have a blanket policy of charging everyone the same, the difference with me is it is a Office space, its a 10 story building, with no Bathrooms, Kitchens. toilets, bedrooms, etc, and 90% of the building is car parking, so how the hell is my charge, I am told it is to do with the loading on the building, be the same as a fully functional apartment block, write to the Master developer and RERA, as this charge is a nonsense, especially half way through a build. I have paid a similar amount for my place in the Marina, after handover, not before, it seems this is a new trick to get the money in, contrctually we are obliged to pay it, but when and how is another matter.

ALan

Nop
Contract Come after we paid 5% depositre so we did not know what is condition they applied....
If any one want to complain to rera about this charges the person who deal with complain is below.....
shammak@dubailand.gov.ae
please provide full detail and if you have any refrence no from privious coomunicatin send them also.
tha

Thx sportslover,
I will contact the person you mentioned and ask to see was this legall or not?
I don't know if they did that with everyone? getting %5 first then give us the contract which has everything to their benefit in it.

I can't beleive no one has talked about it including myself.please if other investors feel the same let me know this was their cheating from the begining.

Memon mention on point of sale there are no additional charges !

Other than nominal amounts for dewa ( air con) and electricity but you take that up with presumably with those supplying these services in due course after completion and occupation ! You know a couple of thousand drms at worst case is my understanding of these future charges but only on completion and with service provider you get invoiced by them ! nothing to do with these con merchants at memon@

There are not getting / stealing my money no way !
As i have said recently these people have to be brought to account for there
actions of sheer greed and daylight robbery !
If any of these investors would have had a choice from the start ,and knew what lied a head of them with unbearable delays and now blatant cheating i am pretty sure they would not go any where near this company @Memon@ :ohno::ohno::ohno::ohno::ohno:

Hi All

I am with Memon in DSO, and have got exactly the same notice, 20 dhs sq ft connection charge, so they seem to have a blanket policy of charging everyone the same, the difference with me is it is a Office space, its a 10 story building, with no Bathrooms, Kitchens. toilets, bedrooms, etc, and 90% of the building is car parking, so how the hell is my charge, I am told it is to do with the loading on the building, be the same as a fully functional apartment block, write to the Master developer and RERA, as this charge is a nonsense, especially half way through a build. I have paid a similar amount for my place in the Marina, after handover, not before, it seems this is a new trick to get the money in, contrctually we are obliged to pay it, but when and how is another matter.

ALan

Alan i asked around in dubai from people that are in this business and all they said they have never heard of such charge(electricity connectoin) and was told if there is charge it has to be after the building is hadover to customers.
this is a way to get as much money as they can from everyone.We all should tell them NO WAY untill the building is finished this is outrages.

I'll pay this stupied charege when i have a key in my hand.

Trident charged us 35000 for the same thing, they also charged Bayside 65000, they also would not hand over keys until money was paid, they also would not hand over keys until the HOA agreement was signed, and yes you guessed it, that more or less stated, that they had full control, even our indoor swimming pool and gym, we have formed ourselves into a homeowners group and are consulting lawyers, so I cant say to much, they own quite a lot of apartments here themselves, so we cant get a majority to form a legal group.

there are people here who refused to pay, and again dont live in there place, they also charged 5000 for the pre registration, my amazement with Memon is asking for the money half way through the build, my advice form yourself into a group, and dont talk here, not on the Forum, they are listening, also if you've paid and they dont give you the keys, my advice, call the police an tell them they have stolen your property.

Alan

Trident charged us 35000 for the same thing, they also charged Bayside 65000, they also would not hand over keys until money was paid, they also would not hand over keys until the HOA agreement was signed, and yes you guessed it, that more or less stated, that they had full control, even our indoor swimming pool and gym, we have formed ourselves into a homeowners group and are consulting lawyers, so I cant say to much, they own quite a lot of apartments here themselves, so we cant get a majority to form a legal group.

there are people here who refused to pay, and again dont live in there place, they also charged 5000 for the pre registration, my amazement with Memon is asking for the money half way through the build, my advice form yourself into a group, and dont talk here, not on the Forum, they are listening, also if you've paid and they dont give you the keys, my advice, call the police an tell them they have stolen your property.

Alan

Who is trident? is this in DSC and when did they ask you to pay for these charges ? like memon at the begining of the construction?

This is highway robbery as far as pre registration fee i know is a charge the have to get later when the building is finished and i don't have problem with that.also thx for the info is helpfull for everyone i know most of us are stucke in a really bad deal. :ohno:

before we do any leagal option
you all reqested to write to memon demanding explanation how they workout this charges and also informe them you not happy with 20 aed per sq ft charge and you are intent to complain to rera.
if they reading threds here is fine this is not illigal and its actully good so they can understand frustation of investor.

No, Trident is a developer in Dubai Marina, that had delivered 3 properties, they have made that charge, I suspect, because they all have lost money in the downturn last year and are now clawing it back, they will also want to hang on to the HOA, and service charges will be high, again to get some money in.

Complain to RERA now, and a group has more sway than a single person, find out who the Master Developer is and complain to them.

My office space in DSO is 10 stories high, has no Bathrooms, bedrooms, kitchens, etc, etc, and 80% of the building is carparking, so how can my charge be the same as yours, on electrical loading issues,which is a fully fledged apartment block, 20 dhs a sq ft.

The contract says you have to pay it, just not when, and also the amount, there should be a invoice somewhere from DEWA, showing the cost of a sub station.

You need to see that, and also you will get audited accounts from them, on how they make up the service and chiller charges, after handover, so they cannot keep these amounts secret.

I am paying good lawyers $500 an hour, and so cannot hand out advice on an open forum, dont for one minute think they will turn around a nd say "poor things" lets give them a break, they have showed there hand, and you have to fight it or accept it.

Regards Alan Godfrey

Everyone, we need to co-ordinate together and form a group and find a way of communicating outside of this forum. I think all CT 1,2,3 and 4 investors can get together. It would be useful to list real names, and where everyone is located as well as contact details. What we need to do first of all, is to appoint somebody to adminster this process and kick it off from there. any thoughts??

Has anyone paid memon for this electiciy charges or for regesteration fees yet?

No Fariba. I was also wondering how many have paid.

No Fariba. I was also wondering how many have paid.

Well I don't know if this helps, but I am not paying untill I meet Memon in September when I visit Dubai on holiday. If I take with me some kind of petition signed by my fellow investors saying that this is a ridiculouse amount of money to be paying, maybe it could make a difference.!
Has anyone got any advice on the best way to approach this situation.??.
We arrive in Dubai 20th Sept 2009, and have a meeting with Memon on the 23rd Sept....!!

PS

Maybe we should take this prvt.
(prying eyes):cheers:

HI MIKE
I hope rest of the people do the same thing meaning not to pay memon because they are cheating people one thing that makes me real upset is they didn't show us the cotract before we paid the reservation fee plus the%5 and they lied and said this the way in dubai but now i found out is not true is illegal.

so what ever is in that contract is to their benefit of coure i don't know how other investors feel about this matter but i'm complaing to RERA as i was told i can even get all my money back bcs they must have shown the cotract first to the buyers

HI MIKE
I hope rest of the people do the same thing meaning not to pay memon because they are cheating people one thing that makes me real upset is they didn't show us the cotract before we paid the reservation fee plus the%5 and they lied and said this the way in dubai but now i found out is not true is illegal.

so what ever is in that contract is to their benefit of coure i don't know how other investors feel about this matter but i'm complaing to RERA as i was told i can even get all my money back bcs they must have shown the cotract first to the buyers

I hope nobody pays these con memon con merchants !
Just look at there greedy faces once again !
Especially the two in the middle with brown suits on ! how appropriate !

http://img219.imageshack.us/img219/2061/image01dddddddddddddddd.jpg (http://img219.imageshack.us/i/image01dddddddddddddddd.jpg/)[/QUOTE]

Why don,t investors lobby to get there money refunded on the basis there property,s are not worth any more than when they first purchased them off plan and are now being misled by there developer with hidden charges !
Maybe it is time to ask for a full refund on the basis of hidden charges being unexpected and the contract shown /given after money,s had all ready been handed over ,giving the trusting investor no rights of fair play !
:)

Everyone, we need to co-ordinate together and form a group and find a way of communicating outside of this forum. I think all CT 1,2,3 and 4 investors can get together. It would be useful to list real names, and where everyone is located as well as contact details. What we need to do first of all, is to appoint somebody to adminster this process and kick it off from there. any thoughts??

Shiraj-Hoque, Is it posibel for you to co-ordinat? I don't pay before this is settel.

i agrree
siraj you can coordianate ane we all support you
i am doing so many corrosponding with master developer(dsc) and rera
i will forward all those e mail to you....

Why every one gone quite??????
Are we all agree to pay memon ransom?
Please keep up the pressure....

Why every one gone quite??????
Are we all agree to pay memon ransom?
Please keep up the pressure....

I was thinking the same I hope everyone countine to say no to this unfair charges.
And nomi'm not paying.:ohno:

Why don,t investors lobby to get there money refunded on the basis there property,s are not worth any more than when they first purchased them off plan and are now being misled by there developer with hidden charges !
Maybe it is time to ask for a full refund on the basis of hidden charges being unexpected and the contract shown /given after money,s had all ready been handed over ,giving the trusting investor no rights of fair play !
:)

HI AMPLESOUS,
Welcome back from duai.great job on the pic from DSC did you take any pic's frome any of ct1or 2/3/4? or did you get a chance to go to memon and talk to them?

any new info regarding the electrical charges?

thanks for any new information.

I think this is champ 3
http://img269.imageshack.us/img269/2131/img0953iq.jpg (http://img269.imageshack.us/i/img0953iq.jpg/)
http://img233.imageshack.us/img233/9287/img1165p.jpg (http://img233.imageshack.us/i/img1165p.jpg/)
The lesser built is champion tower 2 ? by the red residence the 2 towers behind !
http://img98.imageshack.us/img98/169/img1003c.jpg (http://img98.imageshack.us/i/img1003c.jpg/)

Thanks for the pic's amplesou.

Thanks for the pic m8
amplesou did u manage to speak any one in memon?
have u got any info on electricity charges?

also why every one gone so quite no one making any noice about this charges?
did u get my e mail siraj?

Thanks for the pic m8
amplesou did u manage to speak any one in memon?
have u got any info on electricity charges?

also why every one gone so quite no one making any noice about this charges?
did u get my e mail siraj?

Who,s M8 !
the reason for my not doing anything at this stage is i have been on holiday and did,nt want to deal with this right now and anyway i very much doubt they would speak to me after my rants on here !:cheers:

I am still getting emails from Memon telling me that the Home Secure Plan Insurance is compulsory. Is this so? They are requesting payment by 16th September.

Surely my arrangements for financing the remainder of the payments to Memon are my own business! Can anyone please advise?

I am still getting emails from Memon telling me that the Home Secure Plan Insurance is compulsory. Is this so? They are requesting payment by 16th September.

Surely my arrangements for financing the remainder of the payments to Memon are my own business! Can anyone please advise?


Me too, I have told them to stick it as well, bloody cheek, I will carry on paying as per the contract, they are trying to secure the payment plans for themselves, incase you die, show me where it says in the contract that it is compulsary, it comes from viceroy at confused.ae, which they are.

Alan

ask them where it says its complesory...
also tell them to constrante to complete project insted of asking this money.....
DO NOT PAY ANT THING TO THEM
keep all the communication we all need to send all this to rera....
come on every one lets do it together.....

all ct3 requested to send me there e mail adress to my pvt box
so we can take this fight to rera and sort this mess.
please also send e mai to memon anfd ask them how they work out 20 aed charges for electricity connection.. we need to see some proof from master developer....
once they give us info them coolcetively we can go to rera.

all ct3 requested to send me there e mail adress to my pvt box
so we can take this fight to rera and sort this mess.
please also send e mai to memon anfd ask them how they work out 20 aed charges for electricity connection.. we need to see some proof from master developer....
once they give us info them coolcetively we can go to rera.

This is a big mess and they
are asking for everyone who has invested in ct1/2/3/4 to pay these charges they are out of money i guess but how can that be they have saved up to %50 in the construction due to the cheaper material after the crisis in dubai

we are not asking for lowering our price which just stop asking for nonsence charges

Lets Co-ordinate the efforts.

I've set up a new email address for all the investors to send correspondences to

Please take note:-
CTinvestors@yahoo.co.uk


We need a system. I propose:-

1. We need to find out our numbers. Can all CT 1,2,3 and 4 investors email me their name, location, No of units in which building, email and telephone no.
From this, I will create a database.

2. Then let me know if you have or havent paid the Pre-Reg fees

3. Then let me know if you have or havent paid the Utility charges

4. Please also send me any correspondences sent or received from Memon/RERA re these issues

5. Any other suggestions.


Please do not post any of this info onto the forum here, but send to the CT investor email address so I can upload myself in a systematic order.

6. I also propose that we include a 2nd lead-co-ordinator for auditory purposes who will have access to the email address and verify what I do. Do we all agree? Who can we appoint?

Hello everybody!
Does anybody know that how much unit's net area would be less than gross area mentioned in the contract? I am a bit puzzled with differences between the net area I calculated based on the flat dimensions on the floor plan (as net area) and the gross area mentioned in the contract.

Hello everybody!
Does anybody know that how much unit's net area would be less than gross area mentioned in the contract? I am a bit puzzled with differences between the net area I calculated based on the flat dimensions on the floor plan (as net area) and the gross area mentioned in the contract.

I think you should calculate area nett = approx. 85% x area gross
Does that make any sense to you??? :nuts:

Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Leading property developer confident to deliver projects on time

December 8, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Memon Group of Companies, has reported that construction on its ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already completed 6 out of 14 floors and 5 out of 16 floors for CT II and CT III respectively. The timely pace of the project’s construction and development complements Memon Investment’s assurance of delivering the projects on time.

pics and more text here:

http://imresolt.blogspot.com/2009/12/memon-investments-aed-255-million.html

Latest updates on www.memon.ae

http://i49.************/20qmj48.jpg

http://i46.************/15n1ssh.jpg

this pic is 3 month old tells u how far memon is behind
i think it will be 2015 by ct3 will finish

In a way it may not be too bad for you CT investors if construction doesnt get ahed of the DSC infrastructure works. If construction is almost aligned to the DSC works i.e. completing stadia, shopping malls etc it may be pretty good. Your building will be fresh and those of you who have payments to make on completion may benefit as there will be either a rental demand or the ability to actually live in DSC with proper utilities/shops/metro etc

sign up to Memon at

http://www.facebook.com/group.php?v=wall&viewas=0&gid=32281954040

Has anyone been approached by Memon asking for further payments due to increased unit area sizes?

UAE real estate market to witness a demand-supply balance in 2010, says Shaikhani Group

Company asserts commitment to go ahead with construction of all launched projects worth AED 1.34 billion

March 08, 2010

Amidst expectations that the UAE’s economy will rise by 3.2 per cent in 2010, Shaikhani Group, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, has predicted that the country’s real estate market is poised for demand-supply balance this year. A representative from the company referred to recent data released by Proleads and added that despite the cancellation of 566 projects in the UAE, a total of 806 properties currently under construction are expected to be delivered soon, and this will help attain stability in the property sector. Amidst all this, the Group is assuring its investors of its commitment to go ahead with construction of all its launched projects, which have a collective value of AED 1.34 billion.

With transparency as its utmost priority, Shaikhani Group has reported that construction on its ‘Champions Towers I’ (CTI), ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already 14 levels of CTI, 8 out of 13 floors and 7 out of 15 floors for CT II and CT III respectively. Furthermore, it has also completed nine out of the ten levels within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The company also previously announced that it is fast-tracking the construction of ‘Gardenia I & II’ and ‘Frankfurt Sports Tower I’, and has awarded various important contracts to a number of top contractors.
More here:

http://imresolt.blogspot.com/2010/03/uae-real-estate-market-to-witness.html

We have had these press properganda articles from these people on many occasions before when they where know as memon !
These press releases are missleading and raising false hopes for investers !
On skysraper dubai marina tread i think
imre coments regarding apartment buidings in dsc with few workers on each just so they can get the next payment off inversters ( very sad)!
Well this company is one of these !
Cheers imre for the info!

Did anyone receive progress photos for April from Memon for CT3??

Did anyone receive progress photos for April from Memon for CT3??

No, but if you take the pics of december 2009 and mention they are the April 2010 pics nobody will notice... :bash: :lol:

No, but if you take the pics of december 2009 and mention they are the April 2010 pics nobody will notice... :bash: :lol:

According to a phone convesration by friend of mine with memon this is a neW update for all the champions
compelition for CT1 DEC 2010 :lol:
for CT2 AND CT3 june or july of 2011:lol:
And finally CT4 DEC 2011 :lol:
WOW memon is right on track if only it was true :nuts:

i feel a press release coming on !

gulf news

Head line !
"memon on full steam ahead "

completion first week in febuary ????

featuring some smuch with an apealing face of honesty :sly::sly:
:lol:

Hi guys

When is the last time anyone was actually in contact with Memon? The reason I ask is that I have emailed them twice now asking for news on the completion (CT3) and have had no response, which is very worrying.

I have decided to seek legal advice on this as these delays are out of control and they are surely breaching the contract.

I have not heard anything either from Memon. Also getting worried - nor have they asked me for payment

Just called their office - someone did answer. when they said Memon Investments, I hung up. So they are still there.

hmm, this is very worrying.

Just called their office - someone did answer. when they said Memon Investments, I hung up. So they are still there.

Why did you hang up??? :nuts: