http://www.aspiredubai.com/images/aldualogo.gif

http://www.aspiredubai.com/images/alkawthirlogo.jpg

Name: Al Dua'a Tower
Developer: Al Kawthar Real Estate
Floors: G + 25

http://i10.tinypic.com/44lpsb8.jpg

what an amazing design.. all those aspire towers, why did it take us so long to find them. FREAKS; what about a proper launch?

that basement area looks amazing, probably villas?

looking good

^^ Those are Town Houses

from website:

Located beside the crystal blue waters of the Dubai Marina, Al Dua’a Marina offers luxurious apartments and town houses in one of the most sought after residential addresses in the Gulf.

The impressive tower houses 24 floors of spacious single and double bedroom apartments, plus a luxurious penthouse with an unobstructed view of the marina and other famous landmarks of Dubai. Next to the tower are 5 stunning town houses, each with its own magnificent marina view balcony, swimming pool and garden.

Opportunities abound for retailers with more than 10,000 square feet of retail space.

Whether you are looking for an ideal place to live, or a property invest or looking for a steady and ‘safe’ investment in a proven market or perhaps a property speculator willing to contemplate the unknown, Al Dua’a Marina is an investment opportunity not to be missed.

Luxury and Facilities
A residential property with some of the finest concepts in luxury living, Al Dua’a Marina residences are superbly finished.

Besides 24 hour security and abundant parking, each apartment and townhouse is equipped with state of the art high speed internet connection.

Each of the 8 terraced townhouses offers a spectacular view of the marina. Large picture windows open out onto spacious balconies, each with its own swimming pool and landscaped garden.

The Penthouse at Al Dua’a is a magnificent 2 story glass fronted residence of unbelievable beauty. Opening on to rooftop gardens and a temperature controlled swimming pool, the views of Dubai and the marina are spectacular.

Fully equipped with smart home technology, the 3G transponder technology allows residents to move about freely with a password protected key. Completely wireless, it can help you to control your every mood, from light settings to virtual parenting from any location.

Retail facilities located on the ground floor offer shops and services for all tenants. And for serious shoppers the largest mall in the marina, Marina Mall is within walking distance.

Restaurants, health facilities and recreational facilities are all within reach to ensure every tenant enjoys the best of life at Al Dua’a Marina.

The nightlife is alive and exciting on the marina promenade with a wide variety of restaurants to cater to any taste. From seafood or sushi to spicy Indian or Italian cuisine, there is something to tantalize your taste buds. The atmosphere is warm and always inviting.

Designed for the ideal lifestyle, Al Dua’a Marina caters for your comfort and enjoyment.

Whether you have experienced a hard day at the office or are simply looking for a tranquil moment, relax and enjoy the sauna, steam room or jaccuzi.

A fully equipped gymnasium and swimming pool are available to residents in the recreational area to ensure as much enjoyment as possible, no matter what your preferred leisure activity.

Floor Plans


1 Bed Room

2 Bed Room

Town Houses First Floor

Town Houses Ground Floor

Typical Floor Plan 1st - 23rd floor

Typical Floor Plan 24th floor

Penthouses - 25th floor

Price and Booking schedule


Prices starting – Dhs. 810 per sq. ft

Payment Terms
10% at Booking
10% on Feb 2007
10% on Jun 2007
10% on Oct 2007
10% on Feb 2008
10% on Jun 2008
40% on completion: September 2008

http://www.aspiredubai.com/aldua.html

Name is Al Dua'a Marina Tower

http://www.skyscrapercity.com/showthread.php?t=398450

maybe this location?

it could be the same, just different perspective, you might be right, but i doubt it is the same. front and basement look different? unfortunately no information on the board.

It's not the same, different.

"the prayer" tower?

Very great one. Still one week far away. And so many new ones!! :okay:

THAT IS AN AMAZING TOWER

Name: Al Duaa Tower
Floors: 25
Height: ?
Use: Res

no pic yet

Aspire Real Estate and Al Kawathar Real Estate launch AED200 million Al Duaa Tower in Dubai Marina

Bahrain-based Al Kawathar Real Estate, announces the launch of the Al Duaa Marina Tower, an AED200 million residential development on the water front at Dubai Marina.
United Arab Emirates: 33 minutes ago PRESS RELEASE

http://www.ameinfo.com/images/news/4/32604-atthelaunch.jpg
At the launch

Aspire Real Estate, a leading International real estate marketing company has been chosen as the exclusive marketing partner for this prestigious development.

The Al Duaa Marina Tower is a 25 floor residential property comprising 142 luxury 1,2 and 3 bedroom apartments, two penthouses and five town houses. It is located on the waterfront section of Dubai Marina and will have a gross built up area of 216,000 square feet with a judicious mix of residential and retail area of 9,300 sq feet. The retail area will offer extensive shopping and dining to residents of the building and of the Dubai Marina area. The building is expected to be completed in September 2008.

Harry Kantaria, Managing Director of Aspire Real Estate, said the launch price of the building is AED 810 per sq foot which is believed to be the lowest rate in the Dubai Marina area today.

'About 50 per cent of the building has already been sold to the international market during the pre-launch phase, with a large proportion of investors coming from the United Kingdom,' he said. 'The pre-launch prices are expected to rise by 15 per cent following the official launch today and are expected to rise over 50 per cent by the time the building is completed in two years."

Located adjacent to the Marina Mall, a fantastic unobstructed view of the water channel along with the surrounding areas is guaranteed.
"The project offers town houses as well as exclusive penthouses on the top floor of the building, each with its own swimming pool. Each town house is a master piece of architecture also with their own private swimming pool, sun deck and huge living area of over 7,500 sq feet." said Yusuf Mohammed Al Maki, Managing Director of Al Kawathar Real Estate.

The AI Al Duaa Marina Tower will have world class features including a luxuriously appointed lobby and reception, 24 hour IT enabled security and fire management system, extensive parking area and other world class amenities like IP enabled information backbone and wireless broadband which will connect the entire building. Residents can even moor their own yacht at the marina and walk straight into the building.

"The fantastic location of the development combined with the value-added features of the building and the price point at which it has been launched has generated tremendous demand for this property from local and international investors," adds Al Maki.

Meanwhile the payment plan is one of the key USPs of this project.

'With only 10 per cent required to be paid on booking, 10 per cent every four months, and with 40 per cent payable on possession, this is one of the best payments plans in Dubai, " claims Harry Kantaria. 'Taking the ease of purchase a step further, we are in the process in partnering with a leading bank in the UAE to offer our customers easy mortgage options." he adds.

The Al Duaa Marina Tower has been designed by Dimensions, who already lay claim to some of the most striking buildings in Dubai and the Middle East.

"We designed the building in such a way that each apartment has an unobstructed view of the water with 80 per cent of the apartments having a direct view of the water channel,' he said.
The Al Kawathar group is planning to launch commercial and residential projects worth around AED2 billion in the coming year.

"The Al Duaa Tower is the first phase of a huge commercial and residential development in the Jumeirah Village as well as Dubai Marina, We will be announcing Phase II and Phase III of the development shortly," Al Maki added.

added to emporis

Dennis, we already have a thread for this one: http://www.skyscrapercity.com/showthread.php?t=400681

sorry, didn't remember this thread

anyone could contact them for location.

al duaa, it is one of he most perfect towers in dubai marina, also the locataion is very nice it is in teh right of marina mall.

Hi;
I am new here.
Does anybody know the exact location of this tower?
I mean is it on the left or the right hand side of the Atlantic Building?
http://photos1.blogger.com/photoInclude/blogger/7780/1220/1600/dwz1cv-2.jpg

location for this towers:: it is right to the marina mall

Thank you Didi. But is it on the left or right hand side of the Atlantic Tower?

Does Al Dua'a Tower mean Prayer Tower in Arabic?
Unfortunately I do not speak Arabic...

The location of Al Du'ua Tower

http://i18.tinypic.com/2iazo94.gif

See the small circle at the bottom.

http://i3.tinypic.com/30iwf39.jpg

Testing whether I can upload a photo.

you can and the rendering looks awesome. dimensions doing great work again.

however the jungle like greenery.. :rofl:

Thanks.
Wonder how much it will cost to get a place for a boat?:nuts:

Does anybody know who is selling these apartments? I can't seem to find anybody.

Does anybody know who is selling these apartments? I can't seem to find anybody.

http://www.aspiredubai.com/aldua.html

Thanks, I already e mailed them but got no reply so I'll try phoning.

Just keep trying Sheltie, they did not answer me the first time around either.
I got the sales details, so I can send it to you if you like?

That would be great if you can do that.

Sheltie, I sent it to your Tenerife e-mail address.... Enjoy.

AL DUA'A TOWER plot???

http://img296.imageshack.us/img296/1366/photo126py3.jpg (http://imageshack.us)

http://img296.imageshack.us/img296/1416/photo138rx2.jpg (http://imageshack.us)

http://img296.imageshack.us/img296/5026/photo139wg0.jpg (http://imageshack.us)

Thank you Imre.
I think they will start Atlantic soon, but not Al Duaa, because the trailers from the Mall building site are in the way.

name change

http://www.edenbluetower.com/

location

http://www.edenbluetower.com/images/locationmap.jpg

next to DEC towers?

08/March/2007

Eden Blue , plot next to DEC Towers

http://img244.imageshack.us/img244/6546/photo28fq8.jpg (http://imageshack.us)

http://img98.imageshack.us/img98/482/photo29wn3.th.jpg (http://img98.imageshack.us/my.php?image=photo29wn3.jpg)http://img401.imageshack.us/img401/6556/photo31xc2.th.jpg (http://img401.imageshack.us/my.php?image=photo31xc2.jpg)

name change

http://www.edenbluetower.com/

^^ Are we sure Eden Blue and Al Dua'a is the same project?
On the big scanned render it says Plot 3 I for Al Dua'a (post 25 by Plet on jan 14th 2006), but Eden Blue is in the Plots in District 5

There is something fishy here. Either there are two of them (Identical) or the group behind Al Dua'a sold the plans to a different developer.

Till recently they were advertising Al Dua's with the plot just next to Marina Mall, as shown by Imre's pictures on post 34.

this plot is very huge good for 2-3 towers but only Marina side is good , back side of the building is not too nice ( oil tank view)

Eden Blue is not the same as Al Dua'a. :ohno: It is a different plot.
I have the details of the plot from the estate agent, if anybody is interested.

Also Al Dua'a has no studio apartments like Eden Blue is advertising.

It would be nice to know though, if they have started building Al Dua'a yet. Any photos anybody? Or how about the Atlantic next to it?

You can see all the details for Al Dua'a here: http://www.luxurycity.ae/projectDetail.asp?IdZ=9
The plot no. is 31.

^^ Thanks for this info.
I thought something was strange one being in district 5 and the other in district 3, but the renders are identical or am I mistaken on this? When going onto Eden Blues web site in the right window two renders pop up one after the other one is the Al Dua'a render then another render and then a render of Media City then a photo of Dubai Creek.
However the site: http://www.luxurycity.ae/projectDetail.asp?IdZ=9 doesn't mention town houses. So what is the lower part of the building?

^^ Thanks for this info.
I thought something was strange one being in district 5 and the other in district 3? When going onto Eden Blues web site in the right window two renders pop up one after the other one is the Al Dua'a render then another render and then a render of Media City then a photo of Dubai Creek.
However the site: http://www.luxurycity.ae/projectDetail.asp?IdZ=9 doesn't mention town houses. So what is the lower part of the building?

Luxury Citys sales book does mention the town houses, and there are 6 different types of flats starting from 1 bedr., - then there are penthouses as well.
And you are right, when you open Eden Blue then all sorts of photos pops up on the right hand side, one of the first ones is Al Dua'a, but there are many others.

We should change the name of this thread back to Al Dua'a. :dizzy:

name change

http://www.edenbluetower.com/


Krazy, we should change the name back to Al Dua'a.
Al Dua'a is next to the Marina Mall - and next to the Atlantic.

Hi, does anyone have any more info on Eden Blue? I am thinking about buying a studio apartment. Just wondering if anyone knows if the construction has started or the credentials of the developer.

Any advise be gladly received.

There are renders of Eden Blue in newspapers and magazines and while it shares some similarities, it is indeed different from Al Dua'a Tower.

Please create a new thread for EDEN BLUE

Name: Al Dua'a Tower
Developer: Al Kawthar Real Estate
Floors: G + 25

[IMG]http://i10.tinypic.com/44lpsb8.jpg

Now compare it with EDEN BLUE:


http://i18.tinypic.com/2mqjhx1.jpg


Please rename this thread to Al Dua'a and split the part of the discussion related to Eden Blue and create a separate thread with those posts.

Thank you :cheers:

Am I the only one here in this forum who has bought an appartment in The Al Dua'a?

Am I the only one here in this forum who has bought an appartment in The Al Dua'a?


we will see :cheers:

@Plet what floor you have bought ?

I am thinking of buying in Eden Blue, but cant find much info on it, website does not give construction udates. Dont want it to be the next Wind (if you know what I mean). Anyone have any info or pics of Eden Blue. I have seen several studios advertised pretty cheap, so am I right to suspect something's up????!!!!

Hi
I am also interested in buying in Eden Blue. I don't think there is much info out there at the moment because construction is not due to begin until June with completion around late 2009???
I assume they are still cheap due to the fact construction hasn't even started.
Where did you see these cheap studios being advertised? Do you have any reason to be worried?

Hi
I am also interested in buying in Eden Blue. I don't think there is much info out there at the moment because construction is not due to begin until June with completion around late 2009???
I assume they are still cheap due to the fact construction hasn't even started.
Where did you see these cheap studios being advertised? Do you have any reason to be worried?


I have seen several studios advertised on rustar realestate, going pretty cheap around 420kaed. I'm always cautious when investing in a new development, esp if it is not a well known developer...who knows if they might run with your money. Anyway, if you find out more info let us know....i might invest too!

Will keep you informed with any updates. What I do know is that there are very few apartments available in Eden Blue and they are all resale. People are asking for 10-15% premium over the original price.

You have made me little nervous about investing. I know about the probs with Wind, but realistically we will only find out if there is a problem with Eden Blue when it gets started.

The developer is Dujon. If anyone has any info on them, please post it.

Thanks

Will keep you informed with any updates. What I do know is that there are very few apartments available in Eden Blue and they are all resale. People are asking for 10-15% premium over the original price.

You have made me little nervous about investing. I know about the probs with Wind, but realistically we will only find out if there is a problem with Eden Blue when it gets started.

The developer is Dujon. If anyone has any info on them, please post it.

Thanks

HI,
the units in the resale market all are studios only and the premium more than 15 % almost 29 % ,the developer has two more projects but i hope today i'll get full details,and by the way the completion date probably the last quarter of 2009, i'm reading right now the reservation form and the last payment here 10 % due 30 dec 2009 ......

If you get the names of the other developments by Dujon, could you please post them.

The stated final payment date has no bearing on when the actual completion will be of course, but yes it does say end of 2009.

If you get the names of the other developments by Dujon, could you please post them.

The stated final payment date has no bearing on when the actual completion will be of course, but yes it does say end of 2009.

yes you're right about the completion not mentioned in the reservation form, anyways i just called one of them they said we have 2 more projects in dubai marina eden blue towers 2 , and 3 :) ,and you can call the "Investment House co" and ask for Mr......... he's a manager and check with him ......

Hi All
I have 7 studios available in EDEN BLUE in the price range of AED374,000 to AED 407,000. If anyone is interested let me know.
You may email me at garora@number1tower.ae

is anyone know cos the eden blue tower will be on 5G of the map, but what will bulid in font of this tower on 5F? will that be block the view?

Hi There is a 7 storey tower in front

Will a mod finally split this thread in two:

AL DUA'A Tower
EDEN BLUE Tower

done

Completion date is now Dec. 2008.

When is work starting here?

Developer said August 2007....

They have set up the fence around the building site now. So they will start any time now.
This building is sold out, as far as I know.
Have you bought an apartment in Al Dua'a?

http://www.aspiredubai.com/images/aldualogo.gif

http://www.aspiredubai.com/images/alkawthirlogo.jpg

Name: Al Dua'a Tower
Developer: Al Kawthar Real Estate
Floors: G + 25

http://i10.tinypic.com/44lpsb8.jpg

Cool looking building!

^^ No Plet! not bought in A Dua’a,
My nature of interest was of a different sort.


How do get Aspire to send you receipts for payments?

Aspire do not send me receipts, I transfer the money directly to the developer. I have received a statement from the developer.

Is it normal to get a receipt for each payment?

16/Aug/2007

AL DUA'A MARINA TOWER

http://img133.imageshack.us/img133/212/imresolt29ds9.jpg (http://imageshack.us)

http://img133.imageshack.us/img133/6927/imresolt30gh6.jpg (http://imageshack.us)

http://img133.imageshack.us/img133/9315/imresolt31uy1.jpg (http://imageshack.us)

http://img133.imageshack.us/img133/8733/imresolt32mo9.jpg (http://imageshack.us)

http://img133.imageshack.us/img133/8910/imresolt33kp1.jpg (http://imageshack.us)

Does anyone have any new photos of Al Dua'a site? :)

Or has anybody else in this group bought an apartment in this tower?

nice design, very fresh.

Aspire do not send me receipts, I transfer the money directly to the developer. I have received a statement from the developer.

Is it normal to get a receipt for each payment?

yes u should make sure you get a receipt for each payment you make...that is ur proof!

I would like to get in touch with other buyers of this building.

new render?

http://i22.tinypic.com/2dmaxqs.jpg

Wow... Looks even better in that last render, Dubai Addiction!

Dubai Addiction:
Where did you find this picture?

Aspire group

February 2007, my family bought two apartment in Dubai, with Aspire group, called “The Elements” both different buildings. 15% was paid straightaway.
10% later on, when it was due. Total paid amount 25% to date. Have all receipts.


1) After 100s of emails and telephone calls. Aspire tells me, they have forward all funds to Ali Moorsa & Son, who has my money. Since I booked, like all other developments in Dubai, this doubled in price and the developers, and Ali Moorsa & sons are going to remarket the same development, at much higher prices.

2) Ali Moorsa, said it has nothing to do with them, because it is Aspire group, who took my money. It is their reasonability.

Jeetha,
Your story is very similar to mine. Which apartments did you buy? Was it in Al Dua'a Marina Tower?

No! this was in JV South.

More about Aspire.....later

http://www.gowealthy.com/realestate/uae/dubai/alduaamarina/images/location01.jpghttp://www.gowealthy.com/realestate/uae/dubai/alduaamarina/images/location02.jpghttp://www.gowealthy.com/realestate/uae/dubai/alduaamarina/images/location03.jpg

Aspire has changed name to Inspire.

[IMG]http://i18.tinypic.com/7wfbipj.jpg
[IMG]http://i10.tinypic.com/73cv8rs.jpg
[IMG]http://i10.tinypic.com/8b5pweo.jpg
30 November 2007

[IMG]http://i19.tinypic.com/8a521qr.jpg
Entrance to Al Dua'a.
[IMG]http://i19.tinypic.com/8brrgqq.jpg
Sadly no work has been done.
[IMG]http://i9.tinypic.com/72vjndl.jpg

http://i15.tinypic.com/6qab0ih.jpg[IMG]http://i18.tinypic.com/6uo6rrl.jpg
[IMG]http://i19.tinypic.com/85cmy52.jpg

http://i13.tinypic.com/8ghqp0n.jpg
[IMG]http://i5.tinypic.com/6uem55i.jpg
Completion date 31.12.2008.... :ohno:

Be very careful... this building was sold by Aspire........all these people are con artist........ Al Zahra properties... Al Duaaa....... Inspire.......Aspire........ all these are same with different name to trick people.........

Al Dua'a Holdings are no. 138 on the RERA list http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=598

28/January/2008

The Atlantic,Al DUA'A and the Dolce Vita plots

http://img261.imageshack.us/img261/1138/imresolt222ts7.jpg (http://imageshack.us)

Thanks Imre.
Can you tell me what is going on on the Al Dua'a plot? Have they started something?

Looks like a pilling rig on site, and working

01.02.2008. Work has started.
http://img257.imageshack.us/img257/5641/cimg0536fh2.th.jpg (http://img257.imageshack.us/my.php?image=cimg0536fh2.jpg)

http://img402.imageshack.us/img402/3774/cimg0537wc6.th.jpg (http://img402.imageshack.us/my.php?image=cimg0537wc6.jpg)

http://img134.imageshack.us/img134/6931/cimg0530kh3.th.jpg (http://img134.imageshack.us/my.php?image=cimg0530kh3.jpg)

10/March/2008

Dolce Vita and AL DUA'A MARINA TOWER plots

http://img339.imageshack.us/img339/9559/imresolt42tq4.jpg (http://imageshack.us)

Pleth Just been next door to Atlantic site, and your site is now moving well it would appear, with some very serious piles going in.

Pleth Just been next door to Atlantic site, and your site is now moving well it would appear, with some very serious piles going in.

Thank you Plotman, nice of you to check this. :cheer:

I am going to sell my 2 bedr. apt. in this building, if anyone is interested...

The completion date is now september 2009.
Any new photos anybody?

http://img409.imageshack.us/img409/1884/dsc00310oz3.jpg (http://imageshack.us)

Great photo Plotman. Things are happening now with Al Dua'a.

Any new photos from this plot? :)

An update from the building site is available on http://www.alduaa.ae/index.php?option=com_content&view=category&layout=blog&id=22&Itemid=10
However the photos from 3rd of May are the same as the ones from 3rd April! :ohno:

June 08 U/C

http://www.alduaa.ae/index.php?option=com_content&view=article&id=24:june-2008&catid=22:construction-updates&Itemid=10

i hear the design and floor plans have changed a bit.....

I have a 2bedroom on 13th floor. Hope the view isn't obstructed by the Marina Mall Hotel (Fingers crossed)

Cheers,

D

http://img168.imageshack.us/img168/9507/dscn2359dp8.jpg
http://img105.imageshack.us/img105/9424/dscn2357ku9.jpg

Wow" Some pretty serious kit on this site.

1st August 2008:
Things are really happening now.
http://img501.imageshack.us/img501/994/cimg1460qk7.th.jpg (http://img501.imageshack.us/my.php?image=cimg1460qk7.jpg)

http://img166.imageshack.us/img166/6365/cimg1462tb8.th.jpg (http://img166.imageshack.us/my.php?image=cimg1462tb8.jpg)

http://img386.imageshack.us/img386/7109/cimg1463wm8.th.jpg (http://img386.imageshack.us/my.php?image=cimg1463wm8.jpg)

There are also new photos on Al Dua'a Holdings website: http://www.alduaa.ae/index.php?option=com_content&view=category&layout=blog&id=22&Itemid=10

:wave: Change it to Ground Work :cheers:

25/August/2008

Al Duaa Marina Tower

http://img253.imageshack.us/img253/4429/imresolt045yr0.jpg (http://imageshack.us)

http://img295.imageshack.us/img295/215/imresolt046ef2.jpg (http://imageshack.us)

Thank you Imre.
This thread seems a bit dead...
Have a look at photo 661 on http://www.skyscrapercity.com/showthread.php?t=263401&page=34
The apartments on floors 1 to 6 will have the best view right through the arch, and all the sand around the arch will be removed.

Any one please we need pictures of AL DUA'A site.:wave:

Anyone has new pictures of Al dua'a Marina tower? Has the financial crises influenced this project? Thanks for update....

I' m really sorry to tell you that but there is absolutely nothing happenning on the plot...... No workforce, no maschnines. Absolutely nothing. And the status is exactly as it was mid of december. Sorry for not a good news.

found , expatriates.com:

Date: Sunday, March 01, 2009

Category: Real Estate For Sale

Region: Dubai (dubai)

Description: This may sound like a bitter email from an ex-employee of Alduaa yes it is but it is also an email protect you.

Alduaa are in BIG financial trouble, there is no guarantee that any of their projects will complete. if you have made payments or are going to make payments, i would re-consider making the next payment before you have assurance from them.

Please ask for a detailed statement of your account, they wont be able to provide it, they cant even access their accounts system as they owe the supplier of that money!

Also check if any construction work is happening, they have not even paid their contractors.

The CEO rarely comes to Dubai now with fear of being arrested as he owes money to many people and legal cases are being filed.

Please do not pay any further money to this company which is obviously in huge trouble.

You may also want to email the CEO direct for further clarification: gohar@mobilink.blackberry.com

Imre, are people who bought into this tower protected by escrow account?

it is on the RERA list

Alduaa Marina Tower
Developer Name : Al Duaa Holdings Fzc
Master Developer : EMAAR PROPERTIES PJSC
Trust Acc. Number : 110153090015
Bank Name : Noor Islamic Bank

Yes, the investors have paid into an Escrow acc.
The shoring and the piling are done, now there is a delay. The news I got from Al Dua'a Holdings is that it will take 2 - 3 weeks before they have a contractor. Let's see?

Taken 2 weeks ago:
http://img113.imageshack.us/img113/4946/cimg2917.jpg (http://img113.imageshack.us/my.php?image=cimg2917.jpg)

http://img511.imageshack.us/img511/7162/cimg2918.jpg (http://img511.imageshack.us/my.php?image=cimg2918.jpg)

a couple of days ago saw ONE worker on the site with a shovel....the construction is under progress....:banana:

According to Al Dua'a Holdings website, they just received the building permission on 12 April 2009.
I will keep an eye on the building site the next few weeks... & months....

According to Al Dua'a Holdings website, they just received the building permission on 12 April 2009.
I will keep an eye on the building site the next few weeks... & months....
Hi Pleth, we also bought a unit in this building. Please contact me. They are not building anything, we are doing further steps to recover our funds. More we are, better.

I have a 2bedroom on 13th floor. Hope the view isn't obstructed by the Marina Mall Hotel (Fingers crossed)

Cheers,

D
Please contact me, we need to be united. This people got the money and there is no construction at all after more than two years!!!

THIS MESSAGE IS TO EVERYONE WHO HAS BOUGHT A UNIT IN AL DUAA MARINA TOWER:

We assume this project is a fraud. Al Duaa Holdings has four projects and NO ONE has started the construction.

This has nothing to do with the financial crises. They have really problems since 2006 !! We can ask for damages, the building was supposed to be ready on September 2008 !

WHERE IS THE MONEY OF ALL OF US??? We have had meetings with Gohar (General Manager of Al Duaa Holdings), he is just playing with stupid excuses. We are now with lawyers and working with the Dubai Land Department directly.

WE NEED TO BE UNITED. This people got the money and they have a responsibility!!! These apartments cannot even be sold (no one trust a project with such delay, no fixed date of start date of construction, etc. etc.).

PLEASE lets be together to solve this issue. You can write us direct to: smkamp@gmx.de

Thank you

Yes I agree, it is very sad what is happening. I will keep an eye on the building site this coming month, and see if anybody will re-start the work again.

Yes I agree, it is very sad what is happening. I will keep an eye on the building site this coming month, and see if anybody will re-start the work again. .

Hi Pleth, the construction never started. The pictures they published were intended to calm the worried investors, so they just put some machines like a movie set to take the photos. All is gone! There is nothing done. I was there yesterday.

Hi Canada22,
I agree with you that the pictures on Al Dua'a website are misleading and wrong. But have a look at my photo no. 118 in this thread, you can clearly see the base has been done with the piling.
If you have been inside the plot yesterday as you claim, you would have seen it too. I live in Dubai and visit the the plot regulary.

Canada22,

Thanks for your concerns. The whole situation in Dubai is very fluid at the moment - as you should know. Developers throughout Dubai are struggling to pay contractors to build the buildings. In the past developers have used deposits to pay for the start of new developements - not a process I like. This is fine when markets are on the up, and liquidity is available, but a problem when markets are going down, and investors cannot pay for their payments as they were speculating on an upwardly mobile market. I suspect this is the route that Al Duaa have taken, and they are now struggling a little - as is everyone.

We have a few things going for us with regard Al Duaa

1. Al Duaa will want to build the tower in order to get further payments.
2. It is Al Duaa's first main developement in Dubai (under their current guise) - it is vital for their future that the developement goes ahead. If they can build it, I am confident they will. Question is - can they?
3. Dubai Marina cannot fail in the eyes of Emaar, Dubai and UAE. This not the necassarily the case for other areas in Dubai.
4. Liquidity is returning to the market.
5. Contracors prices are coming down (just like the proeprty market). Al duaa should find costs more affordable.
6. The ground has been broken and piling complete. Thread 127 and photos at 118 expand on this.

If I was Al Duaa(and I am not), and I expereinced the recent market conditions, I would have to wait for liquidity and affordability. This is what they have done.

In my view, the government, developers, investors, speculators and contractors are all in the same boat - we all want it to work, but it may prove difficult (depsite the fact that some (or all) of the above may have acted irresponsibly). We may therefore need to remain patient in the near future.


Finally - Al Duaa have recently decalred that Kele Contracting LLC will be building the property and a contract has been let. I will wait for the trucks to arrive before getting the cheap bubbly out, but it appears that we may be getting somewhere.

Al Duaa Mairna Tower is worth more built than not. My eggs are in the patience basket for now - although I reserve the right to change at any stage.

The last 6 months have been horrific for the real estate arket, the next 6 months may not be much better. But things will improve at some stage.

Hope this helps a little.

:)

Dear Jimmy13,

With all my respect, you write exactly like Noreen Khan, the employee of Al Duaa Holdings. I do not agree one word of what you say. Here are the facts, not suppositions:

All your explanation is based on the construction situation after the world financial crises started. That is NOT APPLICABLE to Al Duaa, because:

- Al Duaa launched this project in 2006.
- The Completion date was September 2008.
- Al Duaa sold most of the units in 2006. They collected 15% down payment of all those units in 2006. During 2007 and 2008 they collected up to 80% of many units (most in an illegal account)
- Al Duaa did not issue a contract for many months.
- One of Al Duaa helpers (Luxury City Real Estate) issue a fake contract to protect Al Duaa Holdings and the reputation of both companies.
- Later Al Duaa issue a new contract, changing arbitrary the price from the initial purchase agreement. They increased 10% of the value. The excuse was that they included the gross area in the new contract, but the size of the units got even smaller. That single issue was already a fraud.
- They were acting illegally. They did not comply with the Law number 8 related to the Escrow Account. They forced the investors to deposit in their private account saying that they had a verbal agreement with the Land Department. Every single Dirham collected since January 2008 should be deposited in an Escrow Account according to the law.
- Al Duaa threaten (there are many documented cases) the investors with foreclosure, requesting the funds in an illegal account.
- According to Al Duaa they did already 30 Foreclosures. That is absolutely illegal, according to the Land Department and to the all the lawyers involved. The only one who can execute a Foreclosure is the Land department. That is a mafia behavior: “pay us in our private account or we take your property back”.
- With that phrase they made it possible to receive all the funds in an account not approved by the Land Department. They opened the Escrow account just in August 2008 and most of their clients were not even informed.

All the above happened BEFORE the World Financial Crisis and the current market that you explained.

The fact that they have not build anything is just the last incredible part of this story. Al Duaa squeezed the people to get their funds and they DO HAVE A RESPONSIBILITY to build and handover. If that is not done since almost 3 years, it is a fraud, as simple as that.
The investors were planning to sell, rent or live in their properties since Sept 2008. It is impossible to resale the units because nobody will buy a property with such reputation. It is not a secret. Any decent real estate broker will advice you to not buy in this development. Owners who read this will know that they have tried everything to sell it and it was not possible. WHO PAYS THE DAMAGES FOR ALL THIS ??

Jimmy13, How can you say that Al Duaa “ are now struggling a little - as is everyone”.??
Almost all the projects in Dubai Marina that were sold in 2006 are completed and the people are in possession of their units!!

They have launched four different projects. They have the funds of all those investors. They have not started one project, including Al Duaa Marina, which was the first one they launched.
The only step that Al Duaa Holdings has done is to move to a very expensive offices. Those offices, their publicity and their employees are paid by our funds. The pompous Mr. Gohar for sure knows how to use our funds in his clothes, travels to his homeland Pakistan, etc.

We have a serious problem and we are doing the necessary steps to put this unscrupulous developers in the place they should be.

I must say Canada22 that you are right and spot on.

Canada22.

Lets be friends - we are after all in the same boat. And no - I have nothing to do with Al Duaa less the fact that I have invested in their development. Please don't insult me by throwing mud and getting emotional. We need to work together on this issue.

I agree with almost everything you say. Al Duaa have been unscrupulous, unfair and uncooperative throughout this process. Fraud is a strong word, and I agree that where I come from their actions would probably have been considered as such - they would disagree as they are in Dubai. I have found them completely unhelpful and lacking in integrity. I have also reported them to the Land Department as at 12 April 09 (no reply yet as RERA they are dealing with a spike of activity, apparently).

I have been through exactly the same issues that you have mentioned in your brief. Fake contract, threat with foreclosure, increase in cost, lack of communication, payment into private account etc etc. And the development is not built yet. I have paid 80% and all I have is some piling and fresh air! I would very much like to have the development completed so I can get some return on my investment - just like everyone else. I have paid 45% into the ESCROW account, and the remainder direct to Al Duaa.

However - If you look through this Blog site, you will note that we are not the only people in the same boat, some developments in the Marina were cancelled, and other have not yet come to fruition. This does not justify Al Duaa's actions, it merely demonstrates that the business of taking deposits to fund future developments has been happening all over Dubai, just like I mentioned earlier. A number of the developments started in 2006, like Al Duaa. I understand that a number have been completed, and I wish I had invested in those, but I have not.

That does not take away the fact that we are where we are. Al Duaa claim that they have let the contract to Kele LLC to build the development. Al Duaa is worth more to me built than not. I am still going to wait out the Summer to see if the trucks arrive. If not, then I will look to take legal action in the fall.

Thoughts?

Update from Al Dua'a Holdings 03 June 2009:
RE: The Al Dua’a Marina Tower



We write with reference to your purchase of your unit in The Al Dua’a Marina Tower.



At Al Dua’a Holdings FZC, we are dedicated to building and delivering the project as envisaged. Construction of the Al Dua’a Marina Tower had commenced in June 2008 with piling and shoring having been completed in October 2008. However, construction of the Al Dua’a Marian Tower was temporarily suspended due to matters beyond our control.



We are pleased to inform you that, in spite of the many difficulties we have experienced to date, Al Dua’a Holdings FZC is progressing with the project.



Construction of The Al Dua’a Marina Tower is now recommencing. We provide you with the following update:

· piling and shoring has been completed;

· the building permit has now been approved;

· the contract for the main structure has been awarded to Kele Contracting; and

· Mobilisation has commenced.



Unfortunately, it has become necessary to reschedule the anticipated Completion Date for the Al Dua’a Marina Tower. The anticipated Completion Date is now delayed due to matters beyond our control (Force Majeure). At this time it is anticipated that the delay will be approximately 18 months. We shall of course notify you in writing of the actual Completion Date not later than 30 days prior to such date.



At Al Dua’a Holdings FZC we are committed to delivering this project to you in the prime location of Dubai Marina. With your full support and commitment to complete this project, this will be possible.



If you have any queries in the interim, please feel free to contact Al Dua’a Holdings FZC on

· telephone number 9714 438 5200 or 800 ALDUAA

· e-mail us at marina@alduaa.ae





With our best regards,

Al Dua’a Holdings FZC

Okay I am not sure what "The anticipated Completion Date is now delayed due to matters beyond our control (Force Majeure). At this time it is anticipated that the delay will be approximately 18 months." means?
Does it mean the building is ready in 18 months, or shall I add 18 months to something?? And what force majeure has happened in Dubai the last year, did we have an earth crake? I must have missed it.
Anyway I went down to the site today, and Kele has put their signboard up as the contractor. So I expect Kele will start very soon.
http://img181.imageshack.us/img181/751/cimg3616.jpg (http://img181.imageshack.us/my.php?image=cimg3616.jpg)

http://img195.imageshack.us/img195/1418/cimg3617.jpg (http://img195.imageshack.us/my.php?image=cimg3617.jpg)

http://img192.imageshack.us/img192/3527/cimg3618.jpg (http://img192.imageshack.us/my.php?image=cimg3618.jpg)

http://img241.imageshack.us/img241/4071/cimg3619.jpg (http://img241.imageshack.us/my.php?image=cimg3619.jpg)

http://img261.imageshack.us/img261/8283/cimg3621o.jpg (http://img261.imageshack.us/my.php?image=cimg3621o.jpg)

http://img34.imageshack.us/img34/3113/cimg3622.jpg (http://img34.imageshack.us/my.php?image=cimg3622.jpg)
It has a very nice location in the Marina, wonderful views over the water and right next to Marina Mall.

Update from Al Dua'a Holdings 03 June 2009:
RE: The Al Dua’a Marina Tower



We write with reference to your purchase of your unit in The Al Dua’a Marina Tower.



At Al Dua’a Holdings FZC, we are dedicated to building and delivering the project as envisaged. Construction of the Al Dua’a Marina Tower had commenced in June 2008 with piling and shoring having been completed in October 2008. However, construction of the Al Dua’a Marian Tower was temporarily suspended due to matters beyond our control.



We are pleased to inform you that, in spite of the many difficulties we have experienced to date, Al Dua’a Holdings FZC is progressing with the project.



Construction of The Al Dua’a Marina Tower is now recommencing. We provide you with the following update:

· piling and shoring has been completed;

· the building permit has now been approved;

· the contract for the main structure has been awarded to Kele Contracting; and

· Mobilisation has commenced.



Unfortunately, it has become necessary to reschedule the anticipated Completion Date for the Al Dua’a Marina Tower. The anticipated Completion Date is now delayed due to matters beyond our control (Force Majeure). At this time it is anticipated that the delay will be approximately 18 months. We shall of course notify you in writing of the actual Completion Date not later than 30 days prior to such date.



At Al Dua’a Holdings FZC we are committed to delivering this project to you in the prime location of Dubai Marina. With your full support and commitment to complete this project, this will be possible.



If you have any queries in the interim, please feel free to contact Al Dua’a Holdings FZC on

· telephone number 9714 438 5200 or 800 ALDUAA

· e-mail us at marina@alduaa.ae





With our best regards,

Al Dua’a Holdings FZC

Pleth

As always you have been one of the most helpful individuals with regard updating this project through this blog - sorry I have only just joined the blog, but I had nothing to add until Canada22 came up with his relevant issues (genuine). It was your prompt in this blog that steered me towards putting my money into the RERA Escrow Account rather than Al Duaa in Jan 2008 - thank god I did.

I too had the same email from Al Duaa regarding Kele (has anybody any information on this companey - their website is still under developement!!!). Things do seem to be going in the right direction, although as I mentioned before - I am not convinced yet. We are only just getting into the woods, let alone out of them.

My main concern now is with the comment from Al Duaa (para 5) regaring 'commitment to delivering this project with your support'. Sounds like they are under pressure from investors/speculators/RERA and they need our support to ensure the project continues, or will they need more money as with other projects in the Marina (search through the Blog).

As always we are in this together - but Al Duaa Tower is worth more to me built than not.

Anybody have any thoughts?

Jimmy13; I think they mean reg. para 5 that we investors could actually make a lot of problems for them due to the fact that the construction has been standig still for 1 year, and they claim it is due to Force Majeure! Force Majeure - that will never hold in court.

If we support them instead of forming an investors group, like so many other investors are doing with their amateur developers, then it will be easier to get on.

Al Dua'a cannot raise the price according to the new laws, and they cannot charge for common area like stairs, lifts, corridors.

Jimmy13; I think they mean reg. para 5 that we investors could actually make a lot of problems for them due to the fact that the construction has been standig still for 1 year, and they claim it is due to Force Majeure! Force Majeure - that will never hold in court.

If we support them instead of forming an investors group, like so many other investors are doing with their amateur developers, then it will be easier to get on.

Al Dua'a cannot raise the price according to the new laws, and they cannot charge for common area like stairs, lifts, corridors.

Pleth,

As always I think you are right. Question is do the other investors in Al Duaa also think so. I have always stipulated that the Tower is worth more to me built than not, but for some who have not paid as much into the Al Duaa account this may be different. As an investor group, I have no doubt that we could make things very sticky for Al Duaa Holdings. Whether Al Duaa have delayd the developement on purpose or not is not my concern, the question is how much money they need to build it. Tihs can come from three areas - Deposits (Canada22 has already stated that the depositis are probably already spent), Escrow (only if Al Duaa can prove that building has started), Banks - unlikely in the current climate.

Canada22 - Where have you been. I still think we need a unified front on this issue - either we support Al Duaa building despite what has gone on before, or we fight for our money back! Thoughts!

Jimmy

All,

I feel a bit of a cheat as I have been watching this Blog for some time, but I have never added to its contents - I guess I feel like I have never had anything constructive to add. I live in the UK and have not visited Dubai since I entered into a contract with Al Duaa in Dec 2006.

Canada22 - I thing you are right in everything you say with regard AL Duaa Holdings. From the start I have found it difficult to get any information out of the company, contracts were incorrect, they failed to give me receipts on time for the payments I had made on a number of occasions. The cost of the construction went up by 10% for 'floor space increase/miscalculation. I was told to put the money into their private account up until Sep 2008 rather than the Escrow Account which should have started from the beginning of 2008. The start and subsequent build of the development is delayed beyond belief and they seem to make more excuses up the more we go on. I agree with Pleth above that Force Majure would probably not hold up in court.

I have no doubt that they have taken our money to fund their wages and further developments (all 3 of which have not been started) as you have indicated. I have lost many nights sleep thinking about the situation, and where it may lead.

However. I now have 2 options.

1. Form part of an investor group and start legal proceedings with Al Duaa. If I do this, then I am confident that if we win then all the money in the Escrow account would be refunded. With the current exchange rates this would mean I would be out of pocket a little.

2. I could wait for Al Duaa to finally build the property. On the face of things, it looks like they are finally getting their act together. The Shoring is complete, they have a building permit and a building contractor. Question is whether all this information is true and accurate, or whether it is another delaying tactic - I'm not sure.

Currently I want to see if the building will start (like Jimmy13). If it does, then maybe the development will get finished, and I will probably get more money back than through option 1 (not that I want to sell the apartment anyway - this is a long term investment to me). I know that property prices are still diving in Dubai, and if you believe the news, then prices may have some way to go. But rents are still OK and in 10 years things may have changed.

I have sent you emails direct as well and I am sure that you are looking after your own interests against Al Duaa as you should. The one area I do agree with Jimmy13 is that it may be worth waiting a little for the moment to see what happens. The money is still in Escrow, and will still be there at the end of the year. I will wait until then before firmly going down the legal route - I would recommend this route to all others in the current climate.

I hope you understand.

Regards

All,

Have you seen the article today in ArabianBusiness.Com about Tameer Towers in Abu Dhabi (rings of our concerns). A group of investors are getting together to apply pressure on the developer in order to get more information/clarity out of them - although they are only threatening legal action at this stage (and stopping payments until the developement is underway). I think this is something we could do. Canada22 - would you be intersted in this route rather than straight legal action to recover the funds? Jimmy13- thoughts?

All,

Have you seen the recent phot's on the following thread - photo's taken yesterday show a construction vehicle on the Al Duaa site. Is this the start of the building????? Anybody have any information?

Regards

:?:?

All,

Have you seen the recent phot's on the following thread - photo's taken yesterday show a construction vehicle on the Al Duaa site. Is this the start of the building????? Anybody have any information?

Regards

:?:?


With thread:bash:
http://www.skyscrapercity.com/showthread.php?t=263401&page=60

All,

Have you seen the recent phot's on the following thread - photo's taken yesterday show a construction vehicle on the Al Duaa site. Is this the start of the building????? Anybody have any information?

Regards

:?:?

Yes, Rhidian you are right.
The new appointed constructor has started.
They have also put a new sign board up with their name on.

good news:)



http://i43.tinypic.com/29prfqs.jpg

22/June/2009

Al Duaa Marina, board

http://i41.tinypic.com/6svvvr.jpg

http://i41.tinypic.com/zu184n.jpg

26/June/2009

Al Duaa Marina

http://i42.tinypic.com/8zl2m0.jpg

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

http://i43.tinypic.com/2lsws4n.jpg

Thanks for the phots Imre. It looks like Al Duaa might just build the tower. Although there is some way to go yet before I become confident!

:banana:

C/U June/2009

http://www.alduaa.ae/index.php?option=com_content&view=article&id=41:june-2009-construction-progress&catid=22:construction-updates&Itemid=10

we should change the status, main contractor is there ( KELE ) , breaking the piling caps and excavation now.

Imre,

Agreed. I think things are taking a turn for the better, and the developement certainly seems to be under construction. Who changes the status of the Blog? I recall somethin in the Dubai Marina part asking for it to be put 'On Hold'. I will search later to see how it is taken off.

Rhidian:)

Moderators can change the status , like 234sale ,AltinD,Krazy,Malec

Things are really happening now on the site!
I was really surprised, I haven't been there for a month, and so many things have happened!
http://img254.imageshack.us/img254/7123/cimg3880.jpg (http://img254.imageshack.us/i/cimg3880.jpg/)

http://img294.imageshack.us/img294/272/cimg3881.jpg (http://img294.imageshack.us/i/cimg3881.jpg/)

http://img195.imageshack.us/img195/1140/cimg3882.jpg (http://img195.imageshack.us/i/cimg3882.jpg/)

http://img521.imageshack.us/img521/3087/cimg3883.jpg (http://img521.imageshack.us/i/cimg3883.jpg/)

Please change the status, this is very much under construction.

Pleth,

Welcome back, and thanks for the photo's - it's great to see that things are finally moving ahead.

I have submitted a post on the Dubai Marina Thread to have the status changed - I recall the status was originally changed to 'On Hold' via that thread - and the Al Duaa Marina Thread does not get many vistors!!!

Keep clicking

Regards

Rhidian

Status changed.

Thanks AltinD for the change of status!

Al Duaa's monthly construction update can be found here - http://www.alduaa.ae/index.php?option=com_content&view=category&layout=blog&id=22&Itemid=10.

Anybody have any idea how long this developement should now take to complete?

I'm guessing that it won't be ready for at least two years!!

New construction update photos have been uploaded and the Project update as on 30th July 2009 (as per Al Duaa's website):

- Mobilisation has been completed
- Pile cutting has been completed
- Excavation and cartaway has been completed except the site access

C Update - July 2009 :
http://www.alduaa.ae/index.php?option=com_content&view=article&id=44:july-2009-construction-progress&catid=22:construction-updates&Itemid=10

May i request the moderator of the forum to update the developer of the project from Al Kawthar Real Estate to Al Duaa Holdings as stated in the first post of this thread.

Thanks.

May i request the moderator of the forum to update the developer of the project from Al Kawthar Real Estate to Al Duaa Holdings as stated in the first post of this thread.

Thanks.

I don't think you can go back in time and change things.

moderators can do anything , write a pm to 234Sale, Malec or AltinD, they will do it.

moderators can do anything , write a pm to 234Sale, Malec or AltinD, they will do it.
Sorry, Imre...:bash:

thanks for Charlie Big Potatoes

http://i26.tinypic.com/6jn7t3.jpg

http://i28.tinypic.com/29o4m7t.jpg

I recently joined this web site.
Has any one taken new construction pictures since the end of July?
I have been requesting the new construction pictures (i.e for August) and so far despite my e mails to Al Duaa i got nothing.

Regards
Munir

I recently joined this web site.
Has any one taken new construction pictures since the end of July?
I have been requesting the new construction pictures (i.e for August) and so far despite my e mails to Al Duaa i got nothing.

Regards
Munir

Munir

I live in the UK so I have not seen the developement for some time. However, if you link into the following thread:

http://www.skyscrapercity.com/showthread.php?t=263401&page=63

You will be able to see Al Duaa in the background. In short, nothing much done since July - I suspect Ramadan and the Dubai Summer have put the brakes on an already slow developement. Hopefully we will see some improvements over the coming months

Rgds

Rhidian

Munir

I live in the UK so I have not seen the developement for some time. However, if you link into the following thread:

http://www.skyscrapercity.com/showthread.php?t=263401&page=63

You will be able to see Al Duaa in the background. In short, nothing much done since July - I suspect Ramadan and the Dubai Summer have put the brakes on an already slow developement. Hopefully we will see some improvements over the coming months

Rgds

Rhidian


Thanks Rhidian

It looks that there has been no progress since they have trimed the pile heads which the first thing you would do when you start your construction. It is worrying because i think they have stopped again. Whilst i appreciate Ramadan and the hot summer but that should not stop them at all. I live in Doha and i work in the construction industry, business is as usual here and Dubai although with some reduced hours. This developer has been a problem from day 1. It is our bad luck that we bought there.

Regards
Munir

Thanks Rhidian

It looks that there has been no progress since they have trimed the pile heads which the first thing you would do when you start your construction. It is worrying because i think they have stopped again. Whilst i appreciate Ramadan and the hot summer but that should not stop them at all. I live in Doha and i work in the construction industry, business is as usual here and Dubai although with some reduced hours. This developer has been a problem from day 1. It is our bad luck that we bought there.

Regards
Munir


Munir

Thanks for the construction knowledge and local view (Ramadan etc). You are right of course, I was getting hopeful with this developenement, but it seems to be slowing again. I have sent Al Duaa an email requesting an update, we'll see if they reply. It is as you said our misfortune that we purchsed here.

Hopefully we will see some movement soon.

Rgds

Rhidian

Hi Rhidian

Thank you for your note.

I also sent Al Duaa 4 e mails in the last 3 weeks asking them for an update and so far there has been no news from them. I think we should continue the pressure on them and if they are not going to start construction soon or give us a reasonable justification for the dealy then we should pursue our case through RERA. I already made contact with them about 6 or so months ago and i only stopped talking to them when Al Duaa started work on site again last June.

Regards
Munir

26.09.2009.
http://img188.imageshack.us/img188/2477/cimg4205y.jpg (http://img188.imageshack.us/i/cimg4205y.jpg/)http://img188.imageshack.us/img188/cimg4205y.jpg/1/w1024.png (http://g.imageshack.us/img188/cimg4205y.jpg/1/)
Maybe you can compare the photos and look for progress.
If you want an update then please pm me.
http://img34.imageshack.us/img34/6033/cimg4206q.jpg (http://img34.imageshack.us/i/cimg4206q.jpg/)http://img34.imageshack.us/img34/cimg4206q.jpg/1/w1024.png (http://g.imageshack.us/img34/cimg4206q.jpg/1/)

http://img32.imageshack.us/img32/7092/cimg4207o.jpg (http://img32.imageshack.us/i/cimg4207o.jpg/)http://img32.imageshack.us/img32/cimg4207o.jpg/1/w1024.png (http://g.imageshack.us/img32/cimg4207o.jpg/1/)

http://img38.imageshack.us/img38/7361/cimg4215m.jpg (http://img38.imageshack.us/i/cimg4215m.jpg/)http://img38.imageshack.us/img38/cimg4215m.jpg/1/w1024.png (http://g.imageshack.us/img38/cimg4215m.jpg/1/)

http://img59.imageshack.us/img59/3276/cimg4216.jpg (http://img59.imageshack.us/i/cimg4216.jpg/)http://img59.imageshack.us/img59/cimg4216.jpg/1/w1024.png (http://g.imageshack.us/img59/cimg4216.jpg/1/)
Teaching people not to throw trash everywhere. :)

covered the piles with plastic, seems ON HOLD again?

covered the piles with plastic, seems ON HOLD again?

Imre, thank you for the recent site pictures. Definitely these pictures will tell me that site activities have been put on hold yet again.

latest pics were taken by Pleth , not me !

We will see soon, maybe they are just waiting for some permission or something like this.

A speed limit has been imposed on the construction:)

One of the most pointless signs:ohno:
http://img34.imageshack.us/img34/6033/cimg4206q.jpg

Before Crisis Before the main contractor :

"i guess there was gone through an a old method of payment linked with construction site , AnD yes they are in deep trouble they actually don't have any sufficient cash money in advance to just push this tower status into another level :( ... developer like these in my eye vision not even completed yet of What Are They Paid for ( plot ) in 1st place " taken the plot in advance lead to delayed in payment for Emmar ,delayed in the project itself and absorb investors money in this project so fast without any progress in construction site+ bounce of crisis " .

putting in mind this is the 1st project for them are they honestly deserve to be a developer ...in general ,it's so disrespectful even for Emmar to let anyone involve in here without history in building sector and make them making money like this ....at the end Dubai image will collapse in trust of business ? and that's why RERA coming in the line?for what? a protection solution only for Developer and dishonest for small investors only 1 law is touchable " RERA ACCOUNT " and all of them on hold...i guess it's time for dua'a to those fake developers to do there work independently ! do it now or die trying ...people still paying over 30% and still developer lies for investors to pay more n more without any RERA interferes ...we are complaining of developer and the protection coming from RERA to fake developers like these ..............

Finally i hope i am not right at all for what i am just sayin it

Before Crisis Before the main contractor :

"i guess there was gone through an a old method of payment linked with construction site , AnD yes they are in deep trouble they actually don't have any sufficient cash money in advance to just push this tower status into another level :( ... developer like these in my eye vision not even completed yet of What Are They Paid for ( plot ) in 1st place " taken the plot in advance lead to delayed in payment for Emmar ,delayed in the project itself and absorb investors money in this project so fast without any progress in construction site+ bounce of crisis " .

putting in mind this is the 1st project for them are they honestly deserve to be a developer ...in general ,it's so disrespectful even for Emmar to let anyone involve in here without history in building sector and make them making money like this ....at the end Dubai image will collapse in trust of business ? and that's why RERA coming in the line?for what? a protection solution only for Developer and dishonest for small investors only 1 law is touchable " RERA ACCOUNT " and all of them on hold...i guess it's time for dua'a to those fake developers to do there work independently ! do it now or die trying ...people still paying over 30% and still developer lies for investors to pay more n more without any RERA interferes ...we are complaining of developer and the protection coming from RERA to fake developers like these ..............

Finally i hope i am not right at all for what i am just sayin it

Bizzybonita, Munir,

It does appear that the breaks have been applied to this developement again.

I see 4 poosible reasons:

1. Ramadan and the Summer - but why can other developers continue unabated?
2. Permissions - although Al Duaa seem to have received every permission during the 3 year delay thus far.
3. Kele Contracting developement phases. I understand that the teams that complete the piling/groundworks are often different from those who undertake construction. Maybe one team has finished, and we are waiting for another to arrive. I am no expert - Munir, would this make any sense?
4. Al Du'aa have trouble accessing the finance they require to pay for the construction. I have no doubt that the money I paid direct to Al Duaa was used to pay wages and to buy new plots. The money I paid to RERA is now held in an account, and will only be released when Al Duaa reach certain stages. I am also sure that some investors will be holding off until they see progress. In short, they have may a liquidity issue!

The above are my assumptions, but again I am concerned that the lack of progress may have a more sinister issue behind them. Let's hope not, and lets hope that building starts agian soon.

Rhidian

Bizzybonita, Munir,

It does appear that the breaks have been applied to this developement again.

I see 4 poosible reasons:

1. Ramadan and the Summer - but why can other developers continue unabated?
2. Permissions - although Al Duaa seem to have received every permission during the 3 year delay thus far.
3. Kele Contracting developement phases. I understand that the teams that complete the piling/groundworks are often different from those who undertake construction. Maybe one team has finished, and we are waiting for another to arrive. I am no expert - Munir, would this make any sense?
4. Al Du'aa have trouble accessing the finance they require to pay for the construction. I have no doubt that the money I paid direct to Al Duaa was used to pay wages and to buy new plots. The money I paid to RERA is now held in an account, and will only be released when Al Duaa reach certain stages. I am also sure that some investors will be holding off until they see progress. In short, they have may a liquidity issue!

The above are my assumptions, but again I am concerned that the lack of progress may have a more sinister issue behind them. Let's hope not, and lets hope that building starts agian soon.

Rhidian

Dear Rhidian

The contractor who has done the piling and shoring is different from Kele. This is very normal in the construction business because piling work is of a specialist nature and it would require specialist contractor. Kele have already started work since June but I gather Al Duaa has no money to pay them and they stopped work.

Regards
Munir

Munir,

Thanks for the information. Although this sounds like very bad news. Where did you hear that Al Duaa cannot make payments? Is this because they have no cash, or because they cannot acces funds from the RERA accounts.

I have sent RERA and Al Duaa emails requesting some sort of confirmation.

Rgds

Rhidian

Rhidian

This is the reply that I received from Al Duaa a couple of days ago in response to my e mail:(The construction activities at Al Duaa Marina is awaiting the inspection from Dubai Municipality. The pile head cutting is over and excavation is also done. Dubai Municipality is expected to come and inspect the Shoring and the final excavation level, following which they shall certify and give the main contractor go ahead to start the concrete works).We shall keep you updated on the activities.

I find statement like this is very difficult to beleive. Contractors when they start new projects they tend to plan the inspection and approval by local authority in such a way that they will not stop work. Contractors can not afford to mobilize to site and re-mobilize every day. Delays cost them money.

Regards
Munir

Hi Rhidian

Just to let you know that I have been informed by Al Duaa that Dubai Municipality have inspected the foundation works and they given the go ahead to the contractor to start work. Let us hope it is true!

Regards
Munir

Hi Rhidian

Just to let you know that I have been informed by Al Duaa that Dubai Municipality have inspected the foundation works and they given the go ahead to the contractor to start work. Let us hope it is true!

Regards
Munir

Munir,

Many thanks. I too have had the same intination. I believe and hope that it is true. Maybe soon IMRE and Pleth will have some photo's to take...:).

Rgds

Rhidian

Looks like things might be moving again!

http://www.alduaa.ae/index.php?option=com_content&view=category&layout=blog&id=22&Itemid=10

27 floors, 98 meters in height !

http://www.dimensions-ec.com/Projects/3i.html

The latest photos of the developeent are shown at the att hyperlink. Lokks like they may have been taken from the crane!

http://www.alduaa.ae/index.php?option=com_content&view=article&id=53:13th-november-2009-construction-progress&catid=22:construction-updates&Itemid=10

26/November/2009

Al Duaa Marina

http://i50.tinypic.com/23ht3r5.jpg

http://i48.tinypic.com/2enxq37.jpg

29/November/2009

Al Duaa Tower and Dolce Vita plots

http://i49.tinypic.com/261en1c.jpg

is this project on hold?

i know Harshit( Harry) Kantaria is in jail now cause of fraud worth billions AED, anyone know when hes coming out of jail or what has happend to Aspire Realestate?

I wrote this answer back in May 2009. I copy it again because I see that some people still think that Al Duaa is reliable company. A SIMPLE PILING MEANS NOTHING. THERE IS NO CONSTRUCTION, IT IS JUST MAKE UP, like ALWAYS.

___________

Dear Jimmy13,

With all my respect, you write exactly like Noreen Khan, the employee of Al Duaa Holdings. I do not agree one word of what you say. Here are the facts, not suppositions:

All your explanation is based on the construction situation after the world financial crises started. That is NOT APPLICABLE to Al Duaa, because:

- Al Duaa launched this project in 2006.
- The Completion date was September 2008.
- Al Duaa sold most of the units in 2006. They collected 15% down payment of all those units in 2006. During 2007 and 2008 they collected up to 80% of many units (most in an illegal account)
- Al Duaa did not issue a contract for many months.
- One of Al Duaa helpers (Luxury City Real Estate) issue a fake contract to protect Al Duaa Holdings and the reputation of both companies.
- Later Al Duaa issue a new contract, changing arbitrary the price from the initial purchase agreement. They increased 10% of the value. The excuse was that they included the gross area in the new contract, but the size of the units got even smaller. That single issue was already a fraud.
- They were acting illegally. They did not comply with the Law number 8 related to the Escrow Account. They forced the investors to deposit in their private account saying that they had a verbal agreement with the Land Department. Every single Dirham collected since January 2008 should be deposited in an Escrow Account according to the law.
- Al Duaa threaten (there are many documented cases) the investors with foreclosure, requesting the funds in an illegal account.
- According to Al Duaa they did already 30 Foreclosures. That is absolutely illegal, according to the Land Department and to the all the lawyers involved. The only one who can execute a Foreclosure is the Land department. That is a mafia behavior: “pay us in our private account or we take your property back”.
- With that phrase they made it possible to receive all the funds in an account not approved by the Land Department. They opened the Escrow account just in August 2008 and most of their clients were not even informed.

All the above happened BEFORE the World Financial Crisis and the current market that you explained.

The fact that they have not build anything is just the last incredible part of this story. Al Duaa squeezed the people to get their funds and they DO HAVE A RESPONSIBILITY to build and handover. If that is not done since almost 3 years, it is a fraud, as simple as that.
The investors were planning to sell, rent or live in their properties since Sept 2008. It is impossible to resale the units because nobody will buy a property with such reputation. It is not a secret. Any decent real estate broker will advice you to not buy in this development. Owners who read this will know that they have tried everything to sell it and it was not possible. WHO PAYS THE DAMAGES FOR ALL THIS ??

Jimmy13, How can you say that Al Duaa “ are now struggling a little - as is everyone”.??
Almost all the projects in Dubai Marina that were sold in 2006 are completed and the people are in possession of their units!!

They have launched four different projects. They have the funds of all those investors. They have not started one project, including Al Duaa Marina, which was the first one they launched.
The only step that Al Duaa Holdings has done is to move to a very expensive offices. Those offices, their publicity and their employees are paid by our funds. The pompous Mr. Gohar for sure knows how to use our funds in his clothes, travels to his homeland Pakistan, etc.

We have a serious problem and we are doing the necessary steps to put this unscrupulous developers in the place they should be.

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

If you want to get united to fight against this company and recover the funds we all invested, please write us: smkamp@gmx.de
We do not want Al Duaa employees writing us, so we will not respond e-mails if you do not send us a copy of your contract and a fix telephone number where we can reach you.
Thank you.

Has anybody been in contact with Kele (www.kele,ae). They have built properties in Dubai and are building others and I would trust them more than Al Duaa. If they think they are building it....

I have emailed them without reply so far.:ohno:

I a still hoping that one day it will be built:bash:

No works on the site, on HOLD

No works on the site, on HOLD

Kevin, can you please contact us: smkamp@gmx.de

Kevin, can you please contact us: smkamp@gmx.de

Canada22.

If you are going to chase this. Do you expect to get all your money back, or just the money in the Escrow account?

I suspect the money given direct to Al Duaa has vanished unless you think otherwise.

Grateful for a reply in order to make an informed decision about chasing this issue.

Rgds

Rhidian

10.01.2010.
Nobody is working. Does anybody know what is going on?
Since the release in 2006 not much has happened. It's been almost 4 years of holding the investors money, but nothing happens?
http://img257.imageshack.us/img257/303/cimg4814.jpg (http://img257.imageshack.us/i/cimg4814.jpg/)http://img257.imageshack.us/img257/cimg4814.jpg/1/w1024.png (http://g.imageshack.us/img257/cimg4814.jpg/1/)


http://img532.imageshack.us/img532/9328/cimg4815.jpg (http://img532.imageshack.us/i/cimg4815.jpg/)http://img532.imageshack.us/img532/cimg4815.jpg/1/w1024.png (http://g.imageshack.us/img532/cimg4815.jpg/1/)


http://img690.imageshack.us/img690/8010/cimg4816.jpg (http://img690.imageshack.us/i/cimg4816.jpg/)http://img690.imageshack.us/img690/cimg4816.jpg/1/w1024.png (http://g.imageshack.us/img690/cimg4816.jpg/1/)

Pleth,

Many thanks for the photos.

It looks like the building has dried up. I can only assume that Al Duaa cannot pay Kele.

I have emailed Kele and Al Duaa. If I do not get a reply with an assured answer then I suspect it will be time to lgally chase getting as much of our investment back as possible. Although I suspect we will lose a large chunk of the investment.

Canada 22

Please wait out for a few days. I will make a decision on whether to join your investors group. Although I suspect I know what the answer is.

Rhidian

Dear All

Below is the reply that I received from Al Duaa (Ipsita)

I would like to say that there has not been much site activities lately and that is the reason why there are no picture updates on the website. The last activity that was carried out was the waterproofing and guniting.

RERA has asked the Contractor for providing performance Bonds. They are in the process of arranging this Bonds, before this formality is completed we cannot move forward.

We shall keep you updated once the work starts at site.

Munir: I do not understand why RERA is asking for performance Bonds. Normally the client request the performance Bonds from the contractor in order to protect his interest in the event that the contractor can not deliver the works.

Regards
Munir

I suspect it's the other way around!

The contractor wants the bond to ensure they will get paid for the work they carry out. The contractor clearly has concerns about the developers funding.

http://i50.tinypic.com/zl7t6d.jpg

Munir,

Many thanks for your info from Al Duaa. I received the same information from Ipsita.

I think it fair to say that there are cash flow issues (understatement). Hopefully this will be resolved. I have heard that RERA are extremely busy at the moment (can't think why) so Kele's request may take a lot of time to confirm, if confirmed at all.

The following article in The National eludes to many similar issues all across Dubai.

http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100120/BUSINESS/701209948/1051

Canada22,

I agree whole heartedly regarding your synopsis of Al Duaa. However, I have to remain optimistic that somehow they will eventually build this property. The chances of them getting suitable investments (cash) in the near future to continue is unlikely, I only hope the conditions improve in the future, and with it Al Duaa's position.

As I have previously stated. I have invested money direct to Al Duaa and to the Escrow account. I am assuming the money that went to Al Duaa has vanished - chances of me getting this back is nil or near to.

The money I have invested in the Escrow account is safe (comparatively). I can try and claim it back now, or I can see if the property is built (at some stage) and get back my investment, or I can claim the escrow account money back later if the situation remains as it is. Either way, I don't think I will lose more money.

I hoped to have a long term investment in Dubai, so if the develeopemnt goes ahead, in whatever time frame, I will be satisfied, despite being extremely dissapointed about timelines.

I hope you are succesful with your claim against the company - you, as all of us, certainly deserve our money back if asked for.

Pleth - keep taking those photos. And maybe one day the crane will start working.

Rgds

Rhidian

Munir,

I finally got a reply from Al Duaa - same as yours. 'Kele have requested a bond from RERA to confirm payments for completed work in the future.' He could give me no indication of time frames as RERA are extraordinarily busy at the moment (can't guess why).

This seems plausible to me. If I were a construction company in Dubai in the current climate I would like a guarantee that my work would be paid for.

I am however no expert - can anyone confirm that this is normal (under current situation)?

If it is true - the question is - is there enough money in the escrow account to provide a suitable bond? We'll see.

Rhid

Hi all,

I received an email from Al Duaa today with the new payment plan authorised by RERA.

It seemed a little odd as I have actually paid more than the new plan.

Has anybody else received a similar letter?

I would like to think that I can justifiably ask for a refund on the overpayments until (if it happens) Al Duaa are capable of oving forward and meeting the new payment plans. I doubt if this will be the case.

They have changed my contract so many times, and therefore also my payment plan.
Everytime I sign a contract, they just send me a new one, worse and worse and worse!

I live in a tower nearby, and as I was walking to Marina Mall today, I definitely noticed activity in there, about 10-15 workmen coming out of the plot to go home (around 7pm). Will have a proper look when I walk up there again in the next few days and report back.

Marinamel,

Thanks for the info - that's potentially good news. I did not expect any movement for a while. Please let us know if you do see anything notable. Hopefully it wasn't Kele taking their kit away!!

Hi Rhidian,

Walked by the Al Dua'a today and there were 2 guys with a wheelbarrow sitting outside the fence. I asked them if they were working in the site and they said yes. On the way back, managed to have a look through the fence and it doesn't look much different to the photo posted previously, but I managed to take a picture of the groundwork with my phone. It's not up to Imre's standard, and it was 8pm. :)

Marinamel,

Thanks for taking the photo. Nobody should ever be as good as Imre. I saw his article online in The National the other day. It appears he isn't busy at the moment as there isn't much building going on anyhere. Hopefully the developements will start again in the future and with it Al Duaa. If you do ever see anything significant, a post is always apreciated. I live in the UK so rely on the posts on this site to keep me updated (Al Duaa rarely give accurate information).

Rgds

Rhidian

Hi Rhidian,

Just walked by there again and saw these 2 official Indian guys with hard hats on just outside the fence chatting to each other. Could see inside and there were about 10 or so guys in there. Have to admit, didn't hear noise, nor was the crane moving, so not sure what they were doing, but the wheelbarrow was outside again.

On my way back (around 5 ish) the two men were shaking hands with what looked like a couple of guys who could have been surveyors (not sure), and they were handed a document of some sort.

I pass by there most days so will update you on anything I see.

Hi if this is the site you are talking about I took this today and I can assure you there was nothing happening here at all. Nice clean site though.

http://i48.tinypic.com/15x7ntx.jpg

http://i50.tinypic.com/wurv5w.jpg

Hi if this is the site you are talking about I took this today and I can assure you there was nothing happening here at all. Nice clean site though.


You right, this is the site.

Looks ON HOLD again, probably they are waiting for some permissions and will start soon.

Yes Charlie, this is the one, does look a bit desolate in your picture.

I went by there again today around 5pm and there were around 10 guys with hard hats on outside the hole in the fence passing the time of day !. I walk by there most days and have never seen any activity at all before this week, so definitley there is something going on, even if they are just gossiping, or moving equipment out.

Fingers crossed Imre is right and they are in the planning stages again, but no hard graft is taking place yet, this is for sure :lol: Will keep an eye out on my daily wandering passed there.... It's so close to The Address, that it looks like an eyesore next to it, can't imagine that it will never be built, ....

Now I don't want to get anyones hopes up, but today when I walked by Al Dua'a there was a new red crane outside the fence and concrete blocks and cement sacks. Now I am not an expert in skyscraper building, only a mum walking her two kids around the marina most days, but I did take a couple of photos with my trusty GSM so that ones not in Dubai can have a look. :)

Perhaps if Charlie or Imre are around there they could take a better pic.

Just to say there was no-one actually working (it was midday), so no hard graft just yet, but perhaps they are moving in the equipment. Fingers crossed for all those who have bought there.

http://i1019.photobucket.com/albums/af317/marinamell/Image001.jpg

http://i1019.photobucket.com/albums/af317/marinamell/Image0032.jpg

http://img297.imageshack.us/img297/4486/cimg5218.jpg (http://img297.imageshack.us/i/cimg5218.jpg/)

http://img517.imageshack.us/img517/3853/cimg5220.jpg (http://img517.imageshack.us/i/cimg5220.jpg/)

http://img693.imageshack.us/img693/4517/cimg5221.jpg (http://img693.imageshack.us/i/cimg5221.jpg/)

They are a total waste of time!

If you want to get united to fight against this company and recover the funds we all invested, please write us: smkamp@gmx.de
We do not want Al Duaa employees writing us, so we will not respond e-mails if you do not send us a copy of your contract and a fix telephone number where we can reach you.
Thank you.

Urgent!! I sent you an email earlier, please contact me I am in DIAC fighting Alduaa at the moment through legal channels my email is memamifard@yahoo.com

I would like to know if anyone has approached DIAC to complain legally through Arbitration!?

Hi all,

I received an email from Al Duaa today with the new payment plan authorised by RERA.

It seemed a little odd as I have actually paid more than the new plan.

Has anybody else received a similar letter?

I would like to think that I can justifiably ask for a refund on the overpayments until (if it happens) Al Duaa are capable of oving forward and meeting the new payment plans. I doubt if this will be the case.

Hi I am already in legal battle with Alduaa! please contact me at memamifard@yahoo.com
have you approached DIAC yet!!?? Please email me!!

I received my new payment plan about 6 weeks ago. I over paid them as well.
Has any one contacted RERA with the view of recovering the money that we paid to the ESCROW account?
Regards
Munir

I received the below e mail from Al Duaa (Ipsita) a couple of days ago.

The site activities have stopped as you have noticed. Kele is our contractor and has not walked away. Since there is no site works going on Kele staff is not present at the site.

As you know the next steps in the construction involves huge amount of money and without the support of the clients we are unable to move forward. We have got the RERA approved payment plan and have been asking due amount from the clients. No one is paying up their dues, so we are not in a situation to continue with the construction.

Regards
Munir

This is the worst BS I have heard!! Most of us have paid huge amounts, I have paid 65% and they asked me for more, and I said NO.
My friend has paid 90%.
So how come other developers can get on with it and not Al Dua'a?? They are a bunch of liars.

I've been away for 3 weeks and come back to bad news - not great.

Pleth, I agree with you. I am only supposed to have paid about 20% but have paid a lot more than that. Why can Al Duaa not coninue building.

I suspect the money that was paid direct to Al Duaa initially has been spent by the owners. I think I paid about 30% direct before paying into the Escrow account. Al Duaa cannot access the Escrow account investments until the new payment plan comes into effect - so they need cash to build the first floors, so that they can access the money to continue building. This new injection of cash they need probably won't be achieved until they resell some of the apartments that they have retaken off investors who did not pay pay money as required prviously. This won't be achieved until people are happy to buy off plan in Dubai again. I think this will be a while. I therefore think we're in a little bit of a pickle.

Has anybody managed to get some money back from the Escrow Account? Do you do this through RERA or Al Duaa. I want to stick with the developement, but am loathed to have my investment lying around in a bank in Dubai doing nothing.

Hopefully one day we'll all get back what we invested. We'll see.

Marinamel - please give us some good news one day!!!

Rgds

Rhidian

I received the below e mail from Al Duaa (Ipsita) a couple of days ago.

The site activities have stopped as you have noticed. Kele is our contractor and has not walked away. Since there is no site works going on Kele staff is not present at the site.

As you know the next steps in the construction involves huge amount of money and without the support of the clients we are unable to move forward. We have got the RERA approved payment plan and have been asking due amount from the clients. No one is paying up their dues, so we are not in a situation to continue with the construction.

Regards
Munir

I also got this e-mail from Ipsita. I think we should inform RERA that Al Dua'a no longer has money to build the project.
Surely RERA must be in a position to either force them to move on or cancel the project. Otherwise we can be held hostages for 10 year! We have already waited 4 years!

These 4 years has cost me 220.000 Dirhams in mortgage interest alone! Then add 175.000 Dirhams of the last 2 years rental because I have no apartment to live in... = 395.000 Dirhams.
I feel like a hostage!!

ON HOLD

I also got this e-mail from Ipsita. I think we should inform RERA that Al Dua'a no longer has money to build the project.
Surely RERA must be in a position to either force them to move on or cancel the project. Otherwise we can be held hostages for 10 year! We have already waited 4 years!

These 4 years has cost me 220.000 Dirhams in mortgage interest alone! Then add 175.000 Dirhams of the last 2 years rental because I have no apartment to live in... = 395.000 Dirhams.
I feel like a hostage!!

Pleth,
I think we should all arrange to meet in dubai for 2 or 3 days and plan it as how to approach Al Duaa and deal with them accordingly.

Because they has been too many lies and we all have invested alot and getting nothing out of it.

Pleth,
I think we should all arrange to meet in dubai for 2 or 3 days and plan it as how to approach Al Duaa and deal with them accordingly.

Because they has been too many lies and we all have invested alot and getting nothing out of it.
I don't think we will get anything out of Al Dua'a. We need to contact RERA.

The reason I was saying this is that when every one of us contact al dua'a we are usually alone and they always manipulate our thoughts and provide a very convincing answers and everyone of us believes them.

Therefore, this time i.e. if we all can meet up together and go to their office and ask them as one about our projects and they might do something right for all of us.

on the other hand I agree with you that we should contact RERA, but in any case we all have to meet to prepare the letter and submit as one to RERA.

Who wants to meet up? Who is here in Dubai?

I am not in dubai , I am in doha but I can be there whenever we fix a meeting date.

Is there anyone else ?

I am not in dubai , I am in doha but I can be there whenever we fix a meeting date.

Is there anyone else ?

I live in Doha too and I am happy to meet in Dubai if we agree on a meeting there.

Hi

That's great , who else want to meet ? beside, I just found out that RERA is asking developers about property development progress and those which are not even started are mainly under fire.

I live in the UK, so it will be a little too far for me to come. I'd be very interested in joining a group if that's what you decide to do. My address is rhidjones@yahoo.co.uk if you need me to provide any information for any joint letter (apartment, payment plan etc)

I have paid well over the payment plan, when I asked Al Duaa if some could be returned, they told me it would be refered to the board and I would find out within a few weeks. That was a month ago - I guess I know what their answer is.

Rhidian

Rhidian, I understand that it will be difficult to come so far.

People,

I have created a group which you can all visit to register and we will co-ordinate using it because I believe there are others also on this forums and we would not want them to know what we do.

I have already PM you guys the link, any one else interested do let me know

on this you can post your property details and keep in touch.

Come on people, we have to work this out together, I know people who made other BIG developers to pay out

You need to contact me at memamifard@yahoo.com !!! I have already posted my Blog quite a few of Alduaa Investers have already met me and we are in contact !!

BR
memami

You need to contact me at memamifard@yahoo.com !!! I have already posted my Blog quite a few of Alduaa Investers have already met me and we are in contact !!

BR
memami

Rhidian, I understand that it will be difficult to come so far.

People,

I have created a group which you can all visit to register and we will co-ordinate using it because I believe there are others also on this forums and we would not want them to know what we do.

I have already PM you guys the link, any one else interested do let me know

on this you can post your property details and keep in touch.

Come on people, we have to work this out together, I know people who made other BIG developers to pay out

I live in the UK, so it will be a little too far for me to come. I'd be very interested in joining a group if that's what you decide to do. My address is rhidjones@yahoo.co.uk if you need me to provide any information for any joint letter (apartment, payment plan etc)

I have paid well over the payment plan, when I asked Al Duaa if some could be returned, they told me it would be refered to the board and I would find out within a few weeks. That was a month ago - I guess I know what their answer is.

Rhidian

You are wasting your time!! I have paid all my payments as the Schedule A of the agreement required!! you need to contact me !!

Hi

That's great , who else want to meet ? beside, I just found out that RERA is asking developers about property development progress and those which are not even started are mainly under fire.

Alduaa is hiding behind a group of Lawyers being protected by them and they have documents that I have seen!! RERA assigned construction schedule/progression!!!!

You need to contact me at memamifard@yahoo.com !!! I have already posted my Blog quite a few of Alduaa Investers have already met me and we are in contact !!

BR
memami

Hi,

I suggest you join the group and explain everything to all of us there i.e. which is your project and how come you paid full and why? what documents you have seen and what RERA assigned "construction/schedule" to alduaa. It does not matter if they are hiding behind lawyers, real estate law is for everyone and I have seen projects getting canceled and people got their money back when everyone group together and I am sure if we group together we can do it also.

I'll be in Dubai this tuesday anyone there please do meet up at least.

Hi,

I suggest you join the group and explain everything to all of us there i.e. which is your project and how come you paid full and why? what documents you have seen and what RERA assigned "construction/schedule" to alduaa. It does not matter if they are hiding behind lawyers, real estate law is for everyone and I have seen projects getting canceled and people got their money back when everyone group together and I am sure if we group together we can do it also.

I'll be in Dubai this tuesday anyone there please do meet up at least.
We can meet up :)

Hi Pleth

Great .. I am going to PM you my contact , do the same and I'll give you a ring once in dubai.

Hi,

I suggest you join the group and explain everything to all of us there i.e. which is your project and how come you paid full and why? what documents you have seen and what RERA assigned "construction/schedule" to alduaa. It does not matter if they are hiding behind lawyers, real estate law is for everyone and I have seen projects getting canceled and people got their money back when everyone group together and I am sure if we group together we can do it also.

I'll be in Dubai this tuesday anyone there please do meet up at least.

I will be in Dubai as well to meet my Lawyer and DIAC! I will make arrangement to meet you all as well. I will discuss with all of you what Al Duaa has done so far that no one else is aware of unless they have gone through litigation against Alduaa as well!!
I have paid Al Duaa 87% of the full amount of my unit, which does not include the final amount on the completion date!
I am in possession of incrementing document that will embarrass and legally incriminate AlDuaa and their management beyond repair in Dubai Court! All of my documents have come from a year and two months of legal battle that I have gone through with them with my lawyer!
My email is memamifard@yahoo.com please send me your contact info in Dubai as soon as possible

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/550_214.jpg

Hi There,

I work for a construction company in Dubai and Abu Dhabi and thought it only fair to let you know what the status of your building is.

The developer has no money. They have signed over the rights to a company to find an investor to complete the project. There are currently 3 parties looking into the project, one of which is probably a non runner because a lot of people own apartments. They want to take it and turn it into an exclusive hotel apartment building. I suppose if I was in the shoes of some of you guys I would accept an immediate payout and run. Anyway, nothing is confirmed yet but I'll do my best to keep you guys up to date.

Many thanks for the insight. We're very grateful for letting us know.

Anyone received any emails from Al Duaa yet? I guess it will be a while before we here anything (as always)!

Hi There,

I work for a construction company in Dubai and Abu Dhabi and thought it only fair to let you know what the status of your building is.

The developer has no money. They have signed over the rights to a company to find an investor to complete the project. There are currently 3 parties looking into the project, one of which is probably a non runner because a lot of people own apartments. They want to take it and turn it into an exclusive hotel apartment building. I suppose if I was in the shoes of some of you guys I would accept an immediate payout and run. Anyway, nothing is confirmed yet but I'll do my best to keep you guys up to date.
Yes, Al Dua'a even confirmed to me that they have no money.
But at the moment RERA are useless and it will be very difficult to get our money back. :bash:
There is no such thing as an immediate payout! This is Dubai.... :ohno:

went to see them 2 weeks ago and was told they are tal;king to two parties regarding them buying into the project to complete.

Does any one know if the parties that Al Duaa are talking to are going to complete the tower as residential or hotel as it was suggested by some body else a couple of weeks ago?

Does any one know if the parties that Al Duaa are talking to are going to complete the tower as residential or hotel as it was suggested by some body else a couple of weeks ago?

Sorry for not having posted anything for the past few months, I have completed the DIAC process and it was of mix result, the Arbitrator did reject Alduaa Force Majeure excuse but came short of awarding me my payments that I have so far paid to Alduaa.
I am extremely disappointed with DIAC, the Arbitrator and the whole Arbitration system in Dubai! I guess Alduaa knew this and that is why they chose DIAC instead of the Dubai Court for future disputes of which they knew it was bound to happen!!
The Arbitration judgment is so vague that when I asked The Arbitrator to re-consider the judgment and re-write it, he gave me a slew of technical excuses NOT to!!!
I have always wondered why since he is to be an unbiased arbitrator and since he has refused Alduaa’s excuse for the past 4 years of reasons beyond their control to deliver the project on time, I just could not understand why he merely pointed out that, “The Claimant has the right to ask for his money based on the clause identified in the contract between him and the Respondent” in this case Alduaa. And yet not award me my money paid so far in vain!!!
The amazing element in this is that once I sent the official request and asked for my money, Of course Alduaa refused and said that there is No monetary award in the award letter from the Arbitrator!!!
I sent their official response to DIAC and it was completely ignored by them and the Arbitrator refused to enforce its own award!!!
I wonder what had or is going on behind closed doors and with our money and our time and energy, what people are doing what! And how insensitive they are towards decent people like us that all we ahd in mind was to get our apartment before June 2009!!!
I will be in-touch!!!

Hi Memani,
I am not sure what you are writing? Did you get any of your money back at all?

Arbitration is not a legal process, it is a short cut arrangement where 2 parties agree to have their dispute heard by an arbitor and abide by his decision. The decision can only be enforced by a law court. The arbitor can not enforce any decision, it needs to be passed to the courts for enforcement. Arbitration is an alternative dispute resolution process of avoiding lengthy and costly court action. The parties going to arbitration agree to abide by the decision of the arbitor. If Al Duaa are now reneging on this agreement, then you have no choice but to sue them. Any court will generally 99/100 follow the ruling of the arbitor and pass a legally enforceable judgement in line with the arbitors decision. It is going to cost though.

I know a well established contractor in Scotland that took a client to arbitration. Same scenario, the developer lost and the arbitor found in favour of the contractor. The developer then refursed to accept the decision and left the contractor to sue them through the courts. Unfortunately by this time the banks could no longer support the contractors losses and they went bust. In another situation, same thing however when the courts seized the developers bank accounts and assets they found that they had no money and the contractor was left to pick up all the costs. Dog eat dog out there at the moment. ACI can't declare bankruptcy in Dubai as there is no legal framework for doing so, instead they have declared bankruptcy in their home country Germany. Investors in ACI in Dubai have lost everything.

Does any body know if Al Duaa holdings own the site out right? or does Emmar still own the site/part of it as the master developer? What assets does Al Duaa have? Does any body know if RERA has paid any of the money in the ESCROW accounts to Al Duaa? As investors we can approach the Noor Islamic Bank and find out how much of our money has been passed on to Al Duaa. In theory they should tell us because the accounts are in each investor name.

True Blue; Thank you for the good explanation.

Munir; I contacted Noor Bank a long time back, and yes they told me how much was under my name at the time.

True Blue; Thank you for the good explanation.

Munir; I contacted Noor Bank a long time back, and yes they told me how much was under my name at the time.

Thanks Pleth, do you know if we can ask Noor Bank to refund the money back to us on the basis that Al Duaa has failed to deliver and the project is on hold?

Do you have the banks telephone number and a contact name? I appreciate any help from you. Thanks

any updates guys?

No the site is dead.