Nice videos dxbpc!

Also, does the site look more tidy? From the videos I think it looks better than before!

Also West Avenue IS going ahead.

DXBPC, thanks for the update. Can you provide any more details on West Avenue? I haven't seen any traffic on that forum for some time, though I did see that a new fence has been put up on part of the lot over the last few days.

^^West Avenue going ahead just seems like commercial suicide. Would people who have signed for apartments at 2000+ psf see out the contract or walk away?

What is the rental value of an apartment in the back row of the marina looking onto SZR. Not much! The Marina Diamond landlords survive because they paid 600psf. West Avenue is not viable unless Select have renegotiated sales prices which reflect the current market.

What is the point to pay 2000 dhs for a nothing now?

I dont think so that any investors still paying the installments here , market price is around 1000 dhs now.

No more info on West Ave other than its going ahead. It will be marketed and priced accordingly.

Site is tidier although all the glass is being stored on any vacant space. BTW glass in my opinion is nice colour and looks great.

I don't think the show flat is for viewing as it is a mock up for workers. That said i believe they will take photos and include them in future update.

Site piling is finished. Founds start soon.

Pay break for lpp will not happen as they are behind built progress.
Breaks on SPP already taking place.
Hotel tower plot is seperate therefore individual handover can take place. Select will clarify all concerns about hotel plot/tower etc in next 6 weeks or so.

What is the point to pay 2000 dhs for a nothing now?

I dont think so that any investors still paying the installments here , market price is around 1000 dhs now.

Was 2500 psf to be exact!

West Avenue only takes quarter of that very large plot and according to rera it’s still on hold.

back in 2007 people would have paid around 1000/1200 per sq ft for BC, so were back to normal price no increase..

No more info on West Ave other than its going ahead. It will be marketed and priced accordingly.

Site is tidier although all the glass is being stored on any vacant space. BTW glass in my opinion is nice colour and looks great.

I don't think the show flat is for viewing as it is a mock up for workers. That said i believe they will take photos and include them in future update.

Site piling is finished. Founds start soon.

Pay break for lpp will not happen as they are behind built progress.
Breaks on SPP already taking place.
Hotel tower plot is seperate therefore individual handover can take place. Select will clarify all concerns about hotel plot/tower etc in next 6 weeks or so.

Starting to sound like a Select agent:lol:

Problem here is they are always sure when something will finish but can never give a date when something will start. "Foundations will start March", would indicate they know what's going on, "founds start soon" indicates they don't know and are still guessing or burying the truth.

How long now until the Update is published?

What is the rental value of an apartment in the back row of the marina looking onto SZR. Not much! The Marina Diamond landlords survive because they paid 600psf. West Avenue is not viable unless Select have renegotiated sales prices which reflect the current market.

You mean like Phase 1?

No more info on West Ave other than its going ahead. It will be marketed and priced accordingly.

Site is tidier although all the glass is being stored on any vacant space. BTW glass in my opinion is nice colour and looks great.

I don't think the show flat is for viewing as it is a mock up for workers. That said i believe they will take photos and include them in future update.

Site piling is finished. Founds start soon.

Pay break for lpp will not happen as they are behind built progress.
Breaks on SPP already taking place.
Hotel tower plot is seperate therefore individual handover can take place. Select will clarify all concerns about hotel plot/tower etc in next 6 weeks or so.

This same info is coming from both the developer and SP. The cynics will say so what. I think all will be revealed re hotel development in next few weeks as DxbPC says but we'll have to wait and see.

I'll take a wager from anyone that a hotel or at least part of a hotel gets built.

I believe the Sofitel hotel on the Walk has just opened. Has anyone stayed there yet?

"Pay break for lpp will not happen as they are behind built progress"

how can this be? It was due to be completed 2009!

This same info is coming from both the developer and SP. The cynics will say so what. I think all will be revealed re hotel development in next few weeks as DxbPC says but we'll have to wait and see.

I'll take a wager from anyone that a hotel or at least part of a hotel gets built.

I believe the Sofitel hotel on the Walk has just opened. Has anyone stayed there yet?

It is in the process of opening. Not open yet but great location.

This same info is coming from both the developer and SP. The cynics will say so what. I think all will be revealed re hotel development in next few weeks as DxbPC says but we'll have to wait and see.

I'll take a wager from anyone that a hotel or at least part of a hotel gets built.

I believe the Sofitel hotel on the Walk has just opened. Has anyone stayed there yet?

Brave words considering Al Bateen hotel development could not get a license and is cancelled, Dusit marina hotel could not get a license and after years of wasting time has converted to serviced apartments. Lotus and the Lootah boutique hotels have been complete for years and can not get licenses to open. There is a further hotel building under construction next to Damac Waves which has slowed to a snails pace and has no name so presumable no license. There is Dreams which was supposed to be Ritz Carlton Hotel and is now let apartments. Renaisance have already confirmed that after 3 years there is a problem obtaining the hotel licence and the last update confirms that approvals have not been obtained for the building.

I think I might take that bet Slowhand, but not on the grounds that Select say it is a hotel, it must opened as such.

I think I might take that bet Slowhand, but not on the grounds that Select say it is a hotel, it must opened as such.

I admit you back up your opinion well but the BC hotel's got a licence (and will have a night club)!

you say "I think I might take that bet". You don't sound confident. I am.

^^Last we heard they were still trying to get one. Are you now confirming they have a license to build an Hotel on this plot or are you just passing on hearsay?

Pics from today.
http://i48.tinypic.com/2ez0ldc.jpg

http://i49.tinypic.com/9sfris.jpg

http://i49.tinypic.com/24fjmly.jpg

http://i50.tinypic.com/6opkxz.jpg

I admit you back up your opinion well but the BC hotel's got a licence (and will have a night club)!

you say "I think I might take that bet". You don't sound confident. I am.

Perhaps SG would like to produce a copy of the said licence on here to put minds at rest, i think not....

Ill have a long un with you now that that east plot will not open as a hotel anytime b4 the end of 2012.

sjungle Thanks for the photos.

A picture paints a thousand words.

This would be a good training exercise for a young project manager. See how many things you can spot that are wrong with the following picture;

http://i48.tinypic.com/2ez0ldc.jpg

^^

The DCE employee giving his mate fallatio isnt wearing a hard hat ? :dunno:

Or gloves. In fact he is wearing no PPE. Against all that health and Safety stands for.

Christian875 on the Park Island thread posted these pics:

http://s753.photobucket.com/albums/xx179/christian875/Park%20Island/?start=all

I think the interiors pics look really good and would hope to have something similar in BC.

^^

The DCE employee giving his mate fallatio isnt wearing a hard hat ? :dunno:

:lol:

Perhaps SG would like to produce a copy of the said licence on here to put minds at rest, i think not....

Ill have a long un with you now that that east plot will not open as a hotel anytime b4 the end of 2012.

not sure what a "long un" is. My wager is that it is a hotel or part hotel not on timescales. Even if they start in next 3 months it will take quite some time to complete. It is likely that timescales to build will be similar to West Tower.

I agree they need to say or produce something that is definitive. I don't think next update will be convincing but one after that could be. As we all know Rahail and his team, who decide on the content of the update, do not see existing investors as being that valuable to them. Odd but true.

A long un is £100. Whats it with the part hotel bit. People invested in here on the understanding that the 3rd tower was a hotel not a bit of one. I call a hotel the GH and something like that is what I would expect. Please explain what you know about this part hotel if anything.

If we read the original sales pitch it does say that the development will consist of serviced apartments and a hotel. Now it reads to me that the hotel is actually an aparthotel.

^^

The DCE employee giving his mate fallatio isnt wearing a hard hat ? :dunno:

:lol: Just proves that everyone will see something different, brilliant, never noticed it untill you pointed it out.:)

Anyway, we could start with the 2 walls that have been taken down and blocks piled up on the balcony, where the glass is missing. Floor edges that have been broken away after they have been painted suggesting there is something wrong with the alignment or height of the kickers. All this seems to be holding up the curtain wall frame installation which is fragmented as they appear to be working around problems.

One thing I hate about DCE, at 4 O'clock their men always seem to be waiting for a bus. Was the same with the Quays site. Maybe you have inherited their workforce.

Christian875 on the Park Island thread posted these pics:

http://s753.photobucket.com/albums/xx179/christian875/Park%20Island/?start=all

I think the interiors pics look really good and would hope to have something similar in BC.

I agree with you and infact I personally find the pool area looks very swish inparticular the "infinity" look which I find has been done very well in the small area that they have incorporated it all the several different types; of pools. The finish to them looks good too.

Maybe BC needs to take some pointers now that the design of the poduim has been amended.. personally I preferred the seperate sized shaped pool(s) on the original render of BC - as I believe DxcBpc has prevously stated it will now become one large pool between Central and West Tower due to the change of the podium (but thats just a personal choice)

The interior is also as you said quite good... if they can continue with the build we can only hope that it wont be a zillion years before we can see it with our own eyes...

We all know what SPs sales pitch is worth, about as much as the SPAs.

If we read the original sales pitch it does say that the development will consist of serviced apartments and a hotel. Now it reads to me that the hotel is actually an aparthotel.

I reckon it will be serviced apartments and a hotel and less likely to be just a hotel. My guess is a 50/50 mix. This is for cashflow reasons and this was probably anticipated by the developer at the outset. At some point (possibly not now) the developer can presell the apartments to fund the construction. I see no signs that the developer has enough cash behind them so they can fund this themselves without doing so. Also almost all apartments in the marina are bought to let and I expect any serviced apartments will be purchased with letting in mind. The hotel will therefore have a pool of apartments they can call on.

Potentially there are hundreds of potential customers for the hotel in the two residential towers. Come what may, I see no reason why the hotel will not be promoted as an hotel and have all the facilities of a hotel.

I don't see a major - or even minor hotel - operator entering into a load of peicemeal contrcats with random individuals who want to let their apartments around the various towers. I don't think it works like that. Also the down side to an arrangemnet like that for the Owners who do not wish to enter into a renting agreement with the hotel is that the hotel will be calling the shots in terms of rules for the whole development. It can only be that way otherwise the hotel has no way of controlling or maintaining standards. You could perhaps assume it would ensure a higher standard for everyone - but on the other hand some of the hotel requiremnets and rules could be quite onerous.

did any one else receive a legal payment notice ?

As per their system - i was late and a payment notice was given two months ago, i now been given an extra month to sort things out. The issue has also been reported to the Land department (who has decently left the option open that SG may have been wrong ..so for me to confirm indeed that they are (again) incorrect in their statements.

What it tells us though is what the procedure now is for "late pay", so it anyone wants to consider this, you know what to expect.

you on SPP or LPP?

did any one else receive a legal payment notice ?

As per their system - i was late and a payment notice was given two months ago, i now been given an extra month to sort things out. The issue has also been reported to the Land department (who has decently left the option open that SG may have been wrong ..so for me to confirm indeed that they are (again) incorrect in their statements.

What it tells us though is what the procedure now is for "late pay", so it anyone wants to consider this, you know what to expect.

I don't see a major - or even minor hotel - operator entering into a load of peicemeal contrcats with random individuals who want to let their apartments around the various towers. I don't think it works like that. Also the down side to an arrangemnet like that for the Owners who do not wish to enter into a renting agreement with the hotel is that the hotel will be calling the shots in terms of rules for the whole development. It can only be that way otherwise the hotel has no way of controlling or maintaining standards. You could perhaps assume it would ensure a higher standard for everyone - but on the other hand some of the hotel requiremnets and rules could be quite onerous.

the owners of any serviced apartments will choose who they rent to if they rent at all. The hotel will look to rent additional capacity if and when required depending on demand. Where this has been done elsewhere all the rooms and common areas in the hotel and apartments look the same or similar. Where the hotel rents they look after the apartment for the period of the rental. If another owner is cheaper or your apartment becomes shoddy you don't get the offer. Where you don't want to rent but want the apartment serviced by the hotel then you pay the hotel for the service. That's it nothing more complicated than that. It is just a straight forward commercial arrangement either way.

I thought a hotel was something like GH Burj and The Hilton, do they all offer these deals? You are not confused with some kind of short time thailand set up are you?

I thought a hotel was something like GH Burj and The Hilton, do they all offer these deals? You are not confused with some kind of short time thailand set up are you?

"some kind of short time thailand set up are you" not sure what this is?

you on SPP or LPP?
Am on the Long Term Plan

No payment breaks on lpp only on spp

even spp people don't have have any info how long or when next payment is due.

you should pay. The Land department will side with Select if you are the the LPP and default. LD has the power to transfer the title to Select and you loose the apartment if you are on LPP and default.

However, if you are on the SPP, don't pay and demand a payment schedule from Select linked to construction progress, or go to LD and they will give you a letter instructing Select to link your payments to construction progress.

According to the land department's site inspection, BC is 29% complete as of October 2009.

Am on the Long Term Plan

"some kind of short time thailand set up are you" not sure what this is?

You need to get out more. I will get some bc pics on sunday.

you should pay. The Land department will side with Select if you are the the LPP and default. LD has the power to transfer the title to Select and you loose the apartment if you are on LPP and default.

However, if you are on the SPP, don't pay and demand a payment schedule from Select linked to construction progress, or go to LD and they will give you a letter instructing Select to link your payments to construction progress.

According to the land department's site inspection, BC is 29% complete as of October 2009.

Thanks Glover. In my view I had paid , so it is not a matter of "non payment", more of a clarification and reconciliation between payments and payment received and credited.

Your idea sounds interesting, yet i think that with the current speed, the progress it will soon overtake the lower and slower LLP &% paid.

http://farm3.static.flickr.com/2724/4370709068_b6d0ee8369_o.jpg

http://farm3.static.flickr.com/2724/4370709068_b6d0ee8369_o.jpg

Excellent picture!

starting to look like a very nice place to live.

Why is it posted here?

Twice ?

http://farm3.static.flickr.com/2724/4370709068_b6d0ee8369_o.jpg

Yeah why is this posted twice ???

... its been only posted only once by Beppe... the picture has been thereafter quoted by Az_1st....

>> Great photo Beppe- its very useful to get an idea of the surrounding area of Bay Central and how it is all coming together and the further development; in particular since I last went beginning of last year.

Many Thanks!

^^This is district 4, an effectively complete section of the marina. BC is in District 8, an area still under intense construction. You could argue that the entire marina is effectively the surrounding district. I would suggest that the picture is more relevant to the general Dubai Marina thread.:)

^^This is district 4, an effectively complete section of the marina. BC is in District 8, an area still under intense construction. You could argue that the entire marina is effectively the surrounding district. I would suggest that the picture is more relevant to the general Dubai Marina thread.:)

Think it more relevant than other messages that we have seen in this threath including football, inviatation for beer sessions and views on other buildings. I am grateful for the picture as it gives an excellent idea what it, some day in the future, may look like for all of us.

http://farm3.static.flickr.com/2724/4370709068_b6d0ee8369_o.jpg

Do you ever get the feeling of deja vue ??

^^Don't you mean Deja View?:lol:

On a serious note it does show what the view of the yacht club may be like from BC (obviously a different angle).

^^Don't you mean Deja View?:lol:

On a serious note it does show what the view of the yacht club may be like from BC (obviously a different angle).

and in a scaled down version the boats that will be moored directly opposite BC in front of the Mall

Sorry its taken a bit of a time to get here with your Pics Bayvee but I had a break at the Baristi getting pissed watching my beloved spurs stuff wigan at their place sorrounded by hot chicks. He goes..........:cheers:

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Fab pictures charlie big spuds,cant wait to be there at Easter

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Progress over the last month, 20 Jan - 21 Feb approx 4.5weeks

West tower 3 floors, Central tower 3 floors = 1 floor every 10days

http://i48.tinypic.com/2vjev5s.jpg

:applause:

You are a true gent CBP!

Thanks very much - that picture is amazing! I owe you several :cheers::cheers::cheers::cheers::cheers:

Great pics - you have made my weekend!

http://i48.tinypic.com/2vjev5s.jpg

This is the best position to take pictures for BC.

Shame about the 3rd missing tower.

Sorry its taken a bit of a time to get here with your Pics Bayvee but I had a break at the Baristi getting pissed watching my beloved spurs stuff wigan at their place sorrounded by hot chicks. He goes..........:cheers:

you should do this more often, the results are appreciated by all !

Good effort CBP...great pictures.
Pity about lack of third tower though...it needs to happen soon!

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Taken from Club Lounge 33rd floor Al Fattan Towers.

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Any more of this CBP and you could become Imre's number 2! Truly great detailed pictures. The only dissapointment is the hotel site appears to be a storage area.......

http://i47.tinypic.com/i5dpqo.jpg

http://i45.tinypic.com/ehxlx3.jpg

Thats your lot. Need some sun.

http://i48.tinypic.com/2ahf8ud.jpg

Maybe I am biased, but doesn't that glass cladding look beautiful? Such lovely shades of blue!!!

Thanks again CBP - you are spoiling us! :cheers:

was there on 20th . find the progress very slow. Still a lot of work to do. There was no one working on Site Friday(I know it is a day off but the Silverene site was Buzzing with worker activity). Also if everything is being stored at the proposed hotel site I feel SG at present have no plans to anything regarding the hotel.

Maybe I am biased, but doesn't that glass cladding look beautiful? Such lovely shades of blue!!!

Thanks again CBP - you are spoiling us! :cheers:

:okay: I think with a bit of carefull planning they could incorporate a Union Jack design in the cladding and glazing.:D

was there on 20th . find the progress very slow. Still a lot of work to do. There was no one working on Site Friday(I know it is a day off but the Silverene site was Buzzing with worker activity). Also if everything is being stored at the proposed hotel site I feel SG at present have no plans to anything regarding the hotel.

The update is also overdue. This one should be quite interesting

Maybe I am biased, but doesn't that glass cladding look beautiful? Such lovely shades of blue!!!

Thanks again CBP - you are spoiling us! :cheers:

Your right, the blue glass is amazing.

Your right, the blue glass is amazing.

I agree...the blue glass is fantastic and different.

Thanks for photos but get yourself to barasti or 44 for a beer and chill.

^^ go to the top of the marina mall, you can photo everything from their..

Great photo but

http://i48.tinypic.com/2vjev5s.jpg


should it not look similar to this one?

http://i46.tinypic.com/2e490mq.jpg

SG/SP what is happening?

^^ go to the top of the marina mall, you can photo everything from their..

I called you this morning no reply. Was in Ariana today its great. Meeting Imre at Marina Pinnacle 11am if you fancy a look around.

Great photo but




should it not look similar to this one?

http://i46.tinypic.com/2e490mq.jpg

SG/SP what is happening?

V6Khy9A1mT4

:banana:

Do you think the lawyers will accept that?

Thats your lot. Need some sun.

http://i48.tinypic.com/2ahf8ud.jpg

crackin pics cbp, got say you can't be a bad bloke posting all these, sure select will use a few in next update have a one on me:cheers: select need to pay you more:)

Brilliant photos! Thank you 'Charlie' We appreciate your efforts here.
I just dont get what they are doing with the podium though?? Anybody?

Who said I was a bad bloke? I Just tell it as it is........

I couldnt work with them, slight language barrier

thanks CBP for great update...

happy to see workers at my floor (29-central)..

Blue glass is amazing......

so its confirmed now it will be mini yacht club just opposite the BC...wow great news..

Taken from Club Lounge 33rd floor Al Fattan Towers.

http://i46.tinypic.com/2ebyiar.jpg

Pete is my view still intact over JBR to THE PALM and ATLANTIS ?
gREAT PICS MATE Wish i was there in stead of freezing my nuts off in WALES LOL

Pete is my view still intact over JBR to THE PALM and ATLANTIS ?
gREAT PICS MATE Wish i was there in stead of freezing my nuts off in WALES LOL

What floor and building are you in Man U?

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Just back from the marina mall, there is a Carluccios opening soon and a Yo Sushi already open.

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Thanks Sale, great place for this one. Take the marina mall elavertor to 5m and go on up another flight.

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24/February/2010

Bay Central

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Fantastic set of photos CBP and Imre :applause: :applause:

great photos..

shouldnt be much more for west tower to top out anyone have floor count?

great photos..

shouldnt be much more for west tower to top out anyone have floor count?

They seem to be working on 35th floor. not counting the basement etc top floor should be 39th.
:banana:

They seem to be working on 35th floor. not counting the basement etc top floor should be 39th.
:banana:

agree with this

What about the cladding progress !

What floor and building are you in Man U?

Central 31st back right hand corner unit -Believe me i KNOW the views of the palm/atlantis are brilliant very pleased

Man u yes your atlantis/palm view is still there and looking good. The site needs more bodies, much more and goes very quiet at night. Plenty of cheap stuff about so now is the time to get your hand in your pocket. Back in the uk now but off again tomorrow viva la vida and all that.

Central 31st back right hand corner unit -Believe me i KNOW the views of the palm/atlantis are brilliant very pleased

I'm glad you are saying this. I too should hopefully get a good view as I am on the 45th floor above you!:cheers:

Central 31st back right hand corner unit -Believe me i KNOW the views of the palm/atlantis are brilliant very pleased

I'm in the West tower 28th with a part marina/part sea view so maybe I will see the palm from between the Alfattans! Very happy about the pontoons in front of the Marina mall. That will be a nice view to look out over

Does anyone know when in March the February update is expected?:laugh:

Does anyone know when in March the February update is expected?:laugh:

Yes mate, 10 days ago.......

before anyone has a fit why this is on this thread

some idea of views from BC towards the supertalls!!!!

http://farm5.static.flickr.com/4035/4386111936_0769fc28f7_b.jpg

some idea of views from BC towards yatch club


http://farm5.static.flickr.com/4063/4384833132_e5e71a2ce5_b.jpg

Yes mate, 10 days ago.......

They should get the guy who sends out the LPP payment email reminders to put out the 'regular' updates. He is regular as clockwork. :banana:

If he could also be put in charge of acknowledging when you have paid, then that would be a brucy bonus! :lol:

They should get the guy who sends out the LPP payment email reminders to put out the 'regular' updates. He is regular as clockwork. :banana:

If he could also be put in charge of acknowledging when you have paid, then that would be a brucy bonus! :lol:

Yes, that would be nice.... I sent a polite reminder to their reminder of payment asking where my aknowledgment was as well as my update. I did receive a prompt reply and aknowledgment that they had received the money. So why send out the reminder to me.......

Anyway, I'm sure the update will show "significant progress"

Man u yes your atlantis/palm view is still there and looking good. The site needs more bodies, much more and goes very quiet at night. Plenty of cheap stuff about so now is the time to get your hand in your pocket. Back in the uk now but off again tomorrow viva la vida and all that.

I told you I got no money mate !

You shouldn't be allowed in Brazil at your age ??? might ave heart attack iF you "over exert"

Central 31st back right hand corner unit -Believe me i KNOW the views of the palm/atlantis are brilliant very pleased

I also anticipate views of the sea and possibly the Atlantis as I ll be the 34th West - like RedWayne partial Marina and partial Sea view as I ll be centrally positioned unlike yours ManU which will be the corner unit ..

>> I suppose I would settle for ANY view at this moment ... a view from a blue tinted window of my completed apartment whilst stood gazing at the view and saying "Alas we ve moved in !! "

:)

Food court terrace closed , I had to go to the roof:)

26/February/2010

Bay Central

http://i50.tinypic.com/xpafe8.jpg

http://i45.tinypic.com/2ewfwad.jpg

http://i47.tinypic.com/24eozd1.jpg

http://i46.tinypic.com/6yoe2p.jpg

http://i46.tinypic.com/2qwf0hg.jpg

http://i48.tinypic.com/2mfg4lx.jpg

http://i46.tinypic.com/29ay3yr.jpg

Where is the third tower?? :hm: :ohno:

Only 1 floor in 2 weeks in Central tower and 1.5 floors or less in West tower. Obviously robbing labour from the towers to work on these podium villas.

Only 1 floor in 2 weeks in Central tower and 1.5 floors or less in West tower. Obviously robbing labour from the towers to work on these podium villas.

When.......the update finally arrives, I'm still sure we will have "significant progress" TB

Has anyone been told when the update will arrive?

When.......the update finally arrives, I'm still sure we will have "significant progress" TB

If they had done 2 floors on Central tower and only 1 floor on West tower I wound not have commented.

The fact that Central tower is rising slower than West tower indicates they have a shocking lack of understanding of critical path analysis method of project planning. Central tower being the key to the job and needing to be pushed hardest.

No doubt the update will still show top out by March 2010, unless the penny has dropped and they are refusing to issue it without someone comitting to a sensible milestone.

Has anyone been told when the update will arrive?

We are currently in process to finalise construction update and it will be sent to all the customers shortly.



Let me know if I can assist you any further.

This is the line Jason. I sent you a PM last week, did you receive it?

Sorry bud only just seen it! looking forward to meeting up, i arrive late on the 28th for 2 weeks and staying at the Burj,its 2 years since last in Dubai so much will have changed so just let me know were the best place to meet up! would also be good to give SG a visit!Spoke with them over a payment issue on monday and they assured me that the Hotel would start to be built by May at the lattest!so lets wait what it says in the update.Come on the Villa

Sorry bud only just seen it! looking forward to meeting up, i arrive late on the 28th for 2 weeks and staying at the Burj,its 2 years since last in Dubai so much will have changed so just let me know were the best place to meet up! would also be good to give SG a visit!Spoke with them over a payment issue on monday and they assured me that the Hotel would start to be built by May at the lattest!so lets wait what it says in the update.Come on the Villa

I don't understand now that the foundations are complete that they dont start building it? Why wait another 3 months? Yes, lets def meet up. I arrive in Dubai midnight on the 8th April and leave on the 17th so we should have time for a beer and a site visit?

Is it possible that the 3rd tower will be delayed for several years and the first 2 will open before constructions starts on the 3rd (hotel tower)?

^^Anything is possible.

Maybe they are buying Euro Millions tickets everyweek hoping to win £100Million to fund the hotel tower:dunno: They just can't start it until the numbers are up:)

This weeks numbers are 3(the number of years since the launch), 8(the marina district BC is in) 29 (The height of Central tower) 35 (height of West tower) 39 & 50 (final height) 2 (the number of towers under construction)

2,29,35,39,50 lucky stars 3,8 C'mon Select be lucky

I don't understand now that the foundations are complete that they dont start building it?

Are you serious ? you dont understand ?

I also anticipate views of the sea and possibly the Atlantis as I ll be the 34th West - like RedWayne partial Marina and partial Sea view as I ll be centrally positioned unlike yours ManU which will be the corner unit ..

>> I suppose I would settle for ANY view at this moment ... a view from a blue tinted window of my completed apartment whilst stood gazing at the view and saying "Alas we ve moved in !! "

:)

It's a good job you have patience Jac23y...Any plans to visit this year?

Are you serious ? you dont understand ?

Yep I'm serious, enlighten me

Are you serious ? you dont understand ?

I hope you're going to tell me it's because of a foundation/pile issue and not something as basic as access to the other two towers currently under construction....

Yep I'm serious, enlighten me

Cashflow

The only reason buildings are being built in Dubai at the momet is because the developer is either well capitalised or has the necessary cash flow to build.

West and Central towers are basically sold out so they are being built from SPP and LPP payments. With Escrow in place and East tower a separate development (in RERA terms) no cross project capital transfers SHOULD be allowed.

Nothing in East tower has been sold yet and so for it to be built it has to be entirely funded from the Developers own cash. If the Developer has a bond/guarantee of a management contract from a hotel service provider it can be used as the basis for a business plan to borrow from a Bank to build the tower as it is a viable proposition.

Construction costs/Labour costs and all associated costs linked to building are low at the moment in comparison to 2008 so if you have permissions to build, and the cash to build then you build it now and increase your bottom line.

The Developer has stated it has the permissions, we know they haven’t sold anything and so aren’t sat on the cash to build it, and opening up hotels in Dubai is about as much use to a Banks asset sheet as tits on a nun.

My call is a lack of funding to build, no demand for a hotel per se, so a rethink and new funding options are required.

Cashflow

The only reason buildings are being built in Dubai at the momet is because the developer is either well capitalised or has the necessary cash flow to build.

West and Central towers are basically sold out so they are being built from SPP and LPP payments. With Escrow in place and East tower a separate development (in RERA terms) no cross project capital transfers SHOULD be allowed.

Nothing in East tower has been sold yet and so for it to be built it has to be entirely funded from the Developers own cash. If the Developer has a bond/guarantee of a management contract from a hotel service provider it can be used as the basis for a business plan to borrow from a Bank to build the tower as it is a viable proposition.

Construction costs/Labour costs and all associated costs linked to building are low at the moment in comparison to 2008 so if you have permissions to build, and the cash to build then you build it now and increase your bottom line.

The Developer has stated it has the permissions, we know they haven’t sold anything and so aren’t sat on the cash to build it, and opening up hotels in Dubai is about as much use to a Banks asset sheet as tits on a nun.

My call is a lack of funding to build, no demand for a hotel per se, so a rethink and new funding options are required.

I think it would be best for Select Property to answer and address this, as statements like this may undermine investor confidence.

As far as my SPA goes I have bought into a 3 tower development with one tower to be a 5* hotel.

Do binding contractual agreements still mean anything to anyone in Dubai?

I can see a group litigation happening here unless Select make a positive announcement soon.

Cashflow

The only reason buildings are being built in Dubai at the momet is because the developer is either well capitalised or has the necessary cash flow to build.

West and Central towers are basically sold out so they are being built from SPP and LPP payments. With Escrow in place and East tower a separate development (in RERA terms) no cross project capital transfers SHOULD be allowed.

Nothing in East tower has been sold yet and so for it to be built it has to be entirely funded from the Developers own cash. If the Developer has a bond/guarantee of a management contract from a hotel service provider it can be used as the basis for a business plan to borrow from a Bank to build the tower as it is a viable proposition.

Construction costs/Labour costs and all associated costs linked to building are low at the moment in comparison to 2008 so if you have permissions to build, and the cash to build then you build it now and increase your bottom line.

The Developer has stated it has the permissions, we know they haven’t sold anything and so aren’t sat on the cash to build it, and opening up hotels in Dubai is about as much use to a Banks asset sheet as tits on a nun.

My call is a lack of funding to build, no demand for a hotel per se, so a rethink and new funding options are required.

Well you took me by surprise with the reply! Not expecting that at all

I can see a group litigation happening here unless Select make a positive announcement soon.

Still advertising 5 star hotel on their website and new opportunities for you to become a select agent.....Doesn't help things when the update is 2 weeks late and when investor confidence in Dubai is low.

Well you took me by surprise with the reply! Not expecting that at all

Just goes to show how many people don't pay attention to my posts:)



Maybe they are buying Euro Millions tickets everyweek hoping to win £100Million to fund the hotel tower:dunno: They just can't start it until the numbers are up:)

2,29,35,39,50 lucky stars 3,8 C'mon Select be lucky

BTW I don't think they have the permission for a hotel development either. Why would a bank stump up for a developer with a business plan full of holes.

I think it would be best for Select Property to answer and address this, as statements like this may undermine investor confidence.

As far as my SPA goes I have bought into a 3 tower development with one tower to be a 5* hotel.

Do binding contractual agreements still mean anything to anyone in Dubai?

Suggest you check your SPA I don't think there is anything about 3 tower development unfortunately ?- if there was I'd be talking to SG about it and if at any time construction milestones are introduced to short term payment plans then those investors will have 3years to pay (or until 3rd tower is finished) because at best when the whole development of two towers are complete then it is only 66% done ?

I have very good relationship with SP sales BUT this out of his control and SG hierarchy really need to clarify the issue and correct datelines

Cashflow

The only reason buildings are being built in Dubai at the momet is because the developer is either well capitalised or has the necessary cash flow to build.

West and Central towers are basically sold out so they are being built from SPP and LPP payments. With Escrow in place and East tower a separate development (in RERA terms) no cross project capital transfers SHOULD be allowed.

Nothing in East tower has been sold yet and so for it to be built it has to be entirely funded from the Developers own cash. If the Developer has a bond/guarantee of a management contract from a hotel service provider it can be used as the basis for a business plan to borrow from a Bank to build the tower as it is a viable proposition.

Construction costs/Labour costs and all associated costs linked to building are low at the moment in comparison to 2008 so if you have permissions to build, and the cash to build then you build it now and increase your bottom line.

The Developer has stated it has the permissions, we know they haven’t sold anything and so aren’t sat on the cash to build it, and opening up hotels in Dubai is about as much use to a Banks asset sheet as tits on a nun.

My call is a lack of funding to build, no demand for a hotel per se, so a rethink and new funding options are required.

Would be nice if SG were to come out with a statement to counteract that ?
We will see --at present HT may be pretty well on the mark unfortuntely

Just goes to show how many people don't pay attention to my posts:)



BTW I don't think they have the permission for a hotel development either. Why would a bank stump up for a developer with a business plan full of holes.

Surely they must have permission TB or how could they announce Renaissance all those YEARS ago. They still advertise 5* hotel to this day and we all paid on the basis of a 5* hotel. I think we all need to take a step back and wait for the overdue update or perhaps all put a joint letter together seeking absolute clarification on the status of the hotel and who will manage it and when?

Found this update from 10 months ago. See how many broken promises you can spot!

http://i40.tinypic.com/315xsg0.jpg

A floor every 5 days, central tower to catch up with west tower, topped out Dec 09.

It is clear there is a pattern developing in that everything takes twice as long to complete than they estimate, yet the updates all open with the same statement that "significant progress has taken place since the last update."

What a blind man can see is that progress is significantly less than promised.

TB I prefer this as a good example of things taking a little longer than published. This is from August 09 and yes, our favourite phrase is there again!

Since our last update, we’re pleased to announce that
significant progress has taken place on Bay Central.
The advancement of all Towers is moving forward as
planned. The core concreting of theWest and Central
Towers has progressed to level +14, slab casting ofWest
and Central Towers has reached level +11 and the Block
work started in the Basements up to level 4. In addition
good progress has been made on the concrete works
for the podium raft, retaining walls and columns of the
podium.
As we mentioned in our last update the developer has
installed a mock-up apartment in the residential towers
and many sharp-eyed onlookers will have seen pictures
of the cladding and glasswork of this apartment on
recent photographs.We are expecting pictures of the
completed internals in the next few weeks and will
send out an interim update to all purchasers as soon as
we are able as we know many are keen to get their first
impression of the proposed layout and finishings.
The piling being conducted for the East Tower is still
progressing very strongly. It is now 59% complete with
156 of the 260 piles completed.

"The advancement of all Towers is moving forward as planned." Unbelievable incompetence or a willingness to lie openly.

Yeah, this show apartment is becoming a bit of a joke. No one wants to reveal the truth. Keeping it under wraps for as long as possible.

It's a good job you have patience Jac23y...Any plans to visit this year?

Patience? I must be a good bluffer ( make a mental note to start playing poker) .. as I have none and soon becoming my finances if these towers dont emerge and complete soon enough! :bash:

No plans to visit Dubai well atleast this year as of yet; Im currently in New York (work related) and will need to tackle the bigger issue back home of securing a job as my redudancy date is looming fast ! :ohno:

>> Points raised above in relation to the non-existance of the East Tower aka Hotel are certainly worrying to say the least and the comments made by HT dont appear to be totally absurd.. joint letter for request of answers from SG may not be a bad idea.

Good progress. Let's hope they increase the pace of the cladding.

"The advancement of all Towers is moving forward as planned." Unbelievable incompetence or a willingness to lie openly.

Yeah, this show apartment is becoming a bit of a joke. No one wants to reveal the truth. Keeping it under wraps for as long as possible.

Show apartment pics will be included in the update due next week.

Without wishing to be super cynical - and agreeing that some information is better than nothing - the pictures of a "show apartment" are going to tell investors nothing about their investment. It is described as a "mock-up" by Select! You can fill an empty room with sexy furniture, hang a few tasteful pictures, carry out a carefully managed phot-shoot, and make it look awesome; - it tells you nothing about the quality of the finish in the apartment you're buying. It may though provide some much needed feel good factor - and I guess there isn't much problem with that!

Without wishing to be super cynical - and agreeing that some information is better than nothing - the pictures of a "show apartment" are going to tell investors nothing about their investment. It is described as a "mock-up" by Select! You can fill an empty room with sexy furniture, hang a few tasteful pictures, carry out a carefully managed phot-shoot, and make it look awesome; - it tells you nothing about the quality of the finish in the apartment you're buying. It may though provide some much needed feel good factor - and I guess there isn't much problem with that!

Bathrooms and kitchens?

some of you investors need to calm down and be happy this project is actually on going , i have 3 properties in dubai of which 1 is barely off the ground and the other 2 havent even started excavation after 3 years.

^^Not really someone who should be giving out advice then:)

Bathrooms and kitchens?

like I said "carefully managed photo-shoot" - you don't seriously think they'll be showing you anything close up do you? Look at the one's in the most recent Torch update - small pictures with poor definition. You can't see anything which would allow you to judge the quality of the fittings or the execution of the fit.

like I said "carefully managed photo-shoot" - you don't seriously think they'll be showing you anything close up do you? Look at the one's in the most recent Torch update - small pictures with poor definition. You can't see anything which would allow you to judge the quality of the fittings or the execution of the fit.

Just had a look at the torch update and I see what you mean. The pictures really are very poor

^^Not really someone who should be giving out advice then:)

only advice i gave was to calm down, there is no reason to panick with this property as they are so far into construction there is no chance of it being cancelled, it is going to be built, in Dubai every single development is anywhere from 6 months to 3 years behind, its not suprising or worth panicking about, this property has great location as well so no worries for investors.

Quality of the torch apartments are actually reasonably good. I would be more worried about if the 3rd tower is going to be built here than the tile quality.

Quality of the torch apartments are actually reasonably good. I would be more worried about if the 3rd tower is going to be built here than the tile quality.

Good news about the Torch quality. Let's hope we all know more on Mon/Tue with the new update concerning the 3rd tower

only advice i gave was to calm down, there is no reason to panick with this property as they are so far into construction there is no chance of it being cancelled, it is going to be built, in Dubai every single development is anywhere from 6 months to 3 years behind, its not suprising or worth panicking about, this property has great location as well so no worries for investors.

Who's panicking? Well maybe the people on LPP who are relying on some rental income starting to flow in around 2011.

If you took some more time to follow my well researched study of this developer you would see that I am alerting people to the fact that the milestones and completion dates are complete fantasy. They have no hope of achieving completion because they never progress at the rate they promise they will. Every single development is 6 months to 3 years behind, yes, and this one is on target for the latter.

Irresponsible people make posts like don't panick, and progress is good and the people who believe this end up in deep shit because they find out too late that they have another year of payments to make and another year of payments to make and another...............until eventually it hands over around the time I was trying to alert them to in the first place. Rera are not protecting people on the LPP.

How many are factoring in rent of 50k for a 1 bed by 2012 or 70k for a 2 bed against paying out the LPP payments maintenance etc?

it is clear now that the hotel tower is in serious trouble. As such, Select is now in breach of contract, which clearly defines the project we invested in as "a building, a second tower and one hotel tower".

what we could do is use one apartment to sue Select (in order to minimize cost), and court and legal fees should shared by all concerned investors.

i don't think we should wait any longer here. if you guys agree, we should act on it ASAP.

I can see a group litigation happening here unless Select make a positive announcement soon.

TB 70K for a 2 bed does sound shit but is still 10% net after exs for some:cheers:

With Escrow in place and East tower a separate development (in RERA terms) no cross project capital transfers SHOULD be allowed.

As far as my SPA goes I have bought into a 3 tower development with one tower to be a 5* hotel.

RERA would dissagree with you. Bay Central is clearly seperated into West/Central and then the (un regisetered with RERA) East tower.

http://www.rpdubai.com/rpdubai/home/projects.do?lang=0

http://i46.tinypic.com/2zp5ysg.jpg


Do binding contractual agreements still mean anything to anyone in Dubai?

:ohno:

TB 70K for a 2 bed does sound shit but is still 10% net after exs for some:cheers:

2 beds started around 1.4M, I would check your sums:cheers:

http://i46.tinypic.com/6hq0yo.jpg

http://i46.tinypic.com/331d7xw.jpg

http://i47.tinypic.com/o6xpxy.jpg

I wasnt talking about BC. My sums are spot on with what I paid on friday:cheers:

I wasnt talking about BC. My sums are spot on with what I paid on friday:cheers:

pm me ;)

Cracking pictures just posted above Advlive:applause:.

I can count 5 men working on central tower, good one for overturning the force majeure claim.

I saw today at the JBR side , cladding is very bad quality ,many panels already scratched and spoiled with concrete/cement..

Developer should check the DCE better otherwise they will make rubbish again.

advlive---great picture... central tower owners (towards yacht club side) will get sea view and full marina view...GREAT news...no dought..BC is in great position

I saw today at the JBR side , cladding is very bad quality ,many panels already scratched and spoiled with concrete/cement..

Developer should check the DCE better otherwise they will make rubbish again.

Imre,

Is this down to the dis jointed way they are building the podium and towers or just bad workmanship in general?

I saw today at the JBR side , cladding is very bad quality ,many panels already scratched and spoiled with concrete/cement..

Developer should check the DCE better otherwise they will make rubbish again.

Imre,

Is this down to the dis jointed way they are building the podium and towers or just bad workmanship in general?

I can see that they are breaking away the slab edge and recasting the upstands directly above the glass and cladding works. Absolutely no protection being used for the cladding works which sums up DCE.

RERA would dissagree with you. Bay Central is clearly seperated into West/Central and then the (un regisetered with RERA) East tower.

http://www.rpdubai.com/rpdubai/home/projects.do?lang=0

http://i46.tinypic.com/2zp5ysg.jpg



:ohno:

I have no problem with RERA only looking at the residential towers. The hotel would be classed as a commercial building and would not fall under the RERA umbrella.

Although, interestingly even RERA's project picture shows three towers.:banana:

Looks more like a straight forward case of mis-selling to me.

I have no problem with RERA only looking at the residential towers. The hotel would be classed as a commercial building and would not fall under the RERA umbrella.

Are you sure about that ?

Looking through the RERA lists there are several commercial projects listed including hotels.

Alfattan Hotel
Berlin Business Tower
Boris Becker Business Tower
Cambridge Business Centre
Dec Business Tower
Fairmont Palm Hotel & Resort

Looks more like a straight forward case of mis-selling to me.

Good luck with that. If you did ever try the miss selling route (which you wont), the legal issue you have is that you were sold a product by one company SP, but have a contract with another BC. You were basicaly sold a SPA, (a piece of paper). Somewhere in that SPA it will have a clause along the lines of "I have not relied upon any materiel infrmation other than the content of this contract". That rules out the good old "your salesman said i would have a great view line".

If you have a contractual guarantee that you have access to a 5* hotel on site then i would be seriously worried as this could prove very very costly to you as an investor/owner. If investors push this to the ultimate end game if it is not present upon completion then get ready for service charges at Dh50 psf to pay for it :cheers:

Interestingly The Torch development is down as a Residential and Commercial development.

http://i48.tinypic.com/54j49h.jpg

Are you sure about that ?

Looking through the RERA lists there are several commercial projects listed including hotels.

Alfattan Hotel
Berlin Business Tower
Boris Becker Business Tower
Cambridge Business Centre
Dec Business Tower
Fairmont Palm Hotel & Resort



Good luck with that. If you did ever try the miss selling route (which you wont), the legal issue you have is that you were sold a product by one company SP, but have a contract with another BC. You were basicaly sold a SPA, (a piece of paper). Somewhere in that SPA it will have a clause along the lines of "I have not relied upon any materiel infrmation other than the content of this contract". That rules out the good old "your salesman said i would have a great view line".

If you have a contractual guarantee that you have access to a 5* hotel on site then i would be seriously worried as this could prove very very costly to you as an investor/owner. If investors push this to the ultimate end game if it is not present upon completion then get ready for service charges at Dh50 psf to pay for it :cheers:

No, wasn't sure - but thanks for the research. Have a look at the RERA report for Boris Becker Business tower http://www.rpdubai.com/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/101_298.jpg&projectName=Progress%20Indicator%20of%20Boris%20Becker%20Business%20Tower
Just goes to show that just because it is or isn't listed on RERA's webshite, doesn't mean it is or isn't going to happen.

Yes you are right regarding the "Somewhere in that SPA it will have a clause along the lines of "I have not relied upon any materiel infrmation other than the content of this contract". That rules out the good old "your salesman said i would have a great view line". However, we are not talking about a view issue here. In the SPA contract there is a "Project" definition. This clearly states that the project is comprised of 3 towers (2 residential and 1 hotel). I would quote it verbatim but I do not have my SPA to hand and I am not entirely sure if every BC investor has this definition in "their" SPA. Maybe other BC investors could double check?

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?:cheers:

EDIT to add: We all know that BC is supposed to have shops as per the following picture: (notice "with 5* hotel" tag)

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

so I would think that RERA's webshite is in need of attention or maybe the Torch details are more up-to-date as it is nearer to completion (even though it is approx 3 years late)?

Interestingly The Torch development is down as a Residential and Commercial development.

http://i48.tinypic.com/54j49h.jpg[/QUOTE]




BC and the Torch commercial are on sale at present at 3000/2700 aed per/sq/ft.

Interestingly The Torch development is down as a Residential and Commercial development.

Bar 84 or The View restaurant at the Top, replacing the observatory that we were promised ;)

In the SPA contract there is a "Project" definition. This clearly states that the project is comprised of 3 towers (2 residential and 1 hotel). I would quote it verbatim but I do not have my SPA to hand and I am not entirely sure if every BC investor has this definition in "their" SPA. Maybe other BC investors could double check?

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?:cheers:[/QUOTE]

My SPA states "The mixed use development known as Bay Central located in Dubai Marina as detailed on the attached project plan and comprising the building, a second tower and ONE HOTEL TOWER, a podium comprising commercial units and residential villas, and parking situated beneath such podium.

The lack of progress is entirely down to the lack of resourses on the 2 towers. They have collected a considerable amount of money and should be using that to promote progress and not just jobs for the boys for as long as possible.

It is your money they are holding onto and not spending wisely.

Comparing this site to a Cayan/Arabtec site is like comparing Wembly with Widness. There is not enough of a crowd on here and the men they have are not properly supervised. They seem to be left to go at their own pace without anyone checking the quality of their work or pushing the best out of them. I suggest Select need to get a crew of inspectors down there and kick some DCE arses.

Clicking on the PDF button shows the layout of the BC Retail units:

http://i45.tinypic.com/214w6qw.jpg

In the SPA contract there is a "Project" definition. This clearly states that the project is comprised of 3 towers (2 residential and 1 hotel). I would quote it verbatim but I do not have my SPA to hand and I am not entirely sure if every BC investor has this definition in "their" SPA. Maybe other BC investors could double check?

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?:cheers:

My SPA states "The mixed use development known as Bay Central located in Dubai Marina as detailed on the attached project plan and comprising the building, a second tower and ONE HOTEL TOWER, a podium comprising commercial units and residential villas, and parking situated beneath such podium.[/QUOTE]

Thanks for checking this redwayne! From memory mine is the same.

For non-investors the project plan is a top-down diagram of the site showing the three towers, podium, etc. Funny for what constitutes a project plan in this town! :lol:

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?:cheers:

The Torch "claimed FM". I believe most investors sat back and accepted this.

I know at least 1 who didnt. :)

The Torch contract is full of interesting clauses one of which, if accompanied by written confirmation that no proir instance of FM has yet occured (pre dating the signed SPA), presents an interesting problem to negotiate.

The lack of progress is entirely down to the lack of resourses on the 2 towers. They have collected a considerable amount of money and should be using that to promote progress and not just jobs for the boys for as long as possible.

It is your money they are holding onto and not spending wisely.

Comparing this site to a Cayan/Arabtec site is like comparing Wembly with Widness. There is not enough of a crowd on here and the men they have are not properly supervised. They seem to be left to go at their own pace without anyone checking the quality of their work or pushing the best out of them. I suggest Select need to get a crew of inspectors down there and kick some DCE arses.
http://img401.imageshack.us/img401/9166/img1628s.jpg (http://img401.imageshack.us/i/img1628s.jpg/)
Not the most uifomed work force in dubai !

The Torch "claimed FM". I believe most investors sat back and accepted this.

I know at least 1 who didnt. :)

The Torch contract is full of interesting clauses one of which, if accompanied by written confirmation that no proir instance of FM has yet occured (pre dating the signed SPA), presents an interesting problem to negotiate.

Thanks for that snippet of info - most useful.:cheers:

So as BC investors we should take note of this - serious investors must stay the course and not accept anything less than what's in the SPA.

In the SPA contract there is a "Project" definition. This clearly states that the project is comprised of 3 towers (2 residential and 1 hotel). I would quote it verbatim but I do not have my SPA to hand and I am not entirely sure if every BC investor has this definition in "their" SPA. Maybe other BC investors could double check?

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?:cheers:

My SPA states "The mixed use development known as Bay Central located in Dubai Marina as detailed on the attached project plan and comprising the building, a second tower and ONE HOTEL TOWER, a podium comprising commercial units and residential villas, and parking situated beneath such podium.[/QUOTE]

and the current select group webiste has this to say, qoute" ...Situated at the very heart of Dubai Marina, Bay Central brandishes the most exclusive plot on the marina opposite the new Marina Mall and Motor Yacht Club gaining its status as one of the most sought after property projects in the district.

A mixed-use development comprising three towers, two luxury residential towers (Bay West and Bay Central) and a 5-star hotel (Bay East), Bay Central boasts highly desirable waterfront properties, all of which are fully serviced by the internationally renowned 5 star hotel.

This exclusive, striking development presents a choice of studios, 1, 2, 3 and 4 bedroom properties, each designed to the highest specification. Together with its superb location, exquisite properties and 5 star A La Carte services available to all residents and owners, Bay Central is recognised as the height of marina living.

Located close to a stop on the newly launched Dubai Metro, Bay Central’s ideal location is ideal for commuters and perfect for visitors looking to explore more of Dubai. Further, its desirability and benefits of a hotel is set to generate an increased rental demand....."unquote. Can not be more clearer.

pm me ;)

Cracking pictures just posted above Advlive:applause:.

I can count 5 men working on central tower, good one for overturning the force majeure claim.

if you look even more clearly on the others - who is doing any work ?:)

they are there because there were off-plan sales in these developments, either residential or commercial (retail shops extra), whereas in Bay Central East there were no off-plan sales, and thus it does not show up under RERA.

and when we talk about breach of contract, that's something for the courts to look into. the breach does not fall under RERA's authority.

Are you sure about that ?

Looking through the RERA lists there are several commercial projects listed including hotels.

Alfattan Hotel
Berlin Business Tower
Boris Becker Business Tower
Cambridge Business Centre
Dec Business Tower
Fairmont Palm Hotel & Resort

Imre,

Is this down to the dis jointed way they are building the podium and towers or just bad workmanship in general?

Poor workmanship in general and bad engineering/logistic job, ths site is total mess just have a look this photos, probably they spend hours to find something there.



http://i46.tinypic.com/331d7xw.jpg




The right cladding protection is something like this:

http://i46.tinypic.com/34y7aip.jpg

http://i48.tinypic.com/546mwl.jpg

or this:

http://i50.tinypic.com/262xp4p.jpg

Same contractor DCE, Park Island , probably they are changing the scratched/brooken panels now :

Well progress of a sort this week - they've taken more windows out!

http://i97.photobucket.com/albums/l212/sids666/pi1-1-1.jpghttp://i97.photobucket.com/albums/l212/sids666/pi2-1.jpg

Opposite the motor yatch club is laughable as is most of the sales pitch. Taking these on will be a waste of time and I doubt you will get anywhere. I know you were all sold 5* luxury and a international hotel, we were also sold the luxury thing and got far from it. Take the hotel out of it, which was never really in it anyway and what you left with. Probably a finish slightly better than TT and def better than TP. Its position is better than the other two, hurts me to say but true, but at the moment the doubt about the plot. The other 2 are going forward slowly but surely and will finish, but as no money has been taken from punters to build here what will happen. Yes somehow they will handover but you will all be living next to a building site indefinitely.

completely disagree with that!! for one thing, we can ask for compensation equal to the premium we paid when buying our apartments, because we were promised a 5-star hotel in the development. second, we can also ask for compensation due to the absence of progress on the hotel tower and how that delayed the handover of the residential towers and the financial loss the investors suffered because of that.

i definitely think its worth a shot here, and there is a very good chance we can win. and if we use one apartment in the lawsuit and spread out the cost on as many investors as we can, the cost will be at a minimum to each.

i think everyone should take this seriously and i am more than willing to start the process if i have enough investors on board.

Taking these on will be a waste of time and I doubt you will get anywhere.

Opposite the motor yatch club is laughable as is most of the sales pitch. Taking these on will be a waste of time and I doubt you will get anywhere. I know you were all sold 5* luxury and a international hotel, we were also sold the luxury thing and got far from it. Take the hotel out of it, which was never really in it anyway and what you left with. Probably a finish slightly better than TT and def better than TP. Its position is better than the other two, hurts me to say but true, but at the moment the doubt about the plot. The other 2 are going forward slowly but surely and will finish, but as no money has been taken from punters to build here what will happen. Yes somehow they will handover but you will all be living next to a building site indefinitely.

a fair assessment I think. CBP has covered a lot of points. Our experience is no worse than TP and TT though except for the complication of the hotel. (Note for TB, progress is not as good as other projects but better than some. We know this and have done for 2/3 years so don't keep reminding us you miserable ****.) We need to know when the hotel build will start. As HT and others have commented where are the funds going to come from to build the hotel is the key question. Forecast occupancy levels is the main consideration and will determine when it is built ie soon, medium term or never.

completely disagree with that!! for one thing, we can ask for compensation equal to the premium we paid when buying our apartments, because we were promised a 5-star hotel in the development. second, we can also ask for compensation due to the absence of progress on the hotel tower and how that delayed the handover of the residential towers and the financial loss the investors suffered because of that.

i definitely think its worth a shot here, and there is a very good chance we can win. and if we use one apartment in the lawsuit and spread out the cost on as many investors as we can, the cost will be at a minimum to each.

i think everyone should take this seriously and i am more than willing to start the process if i have enough investors on board.

Glover have a go. You will spend hours and hours sending emails to people that say they are in and never come forward. This could cost big money. Is this thing really worth so much less without the hotel? I know you are going to say that aint what you were sold. If its that important why not get 30 or so investors on board, offer to buy the plot and build it yourselves. You can ask for this and ask for that but they aint got it on this tower, cant get blood out of a stone.

HT - as the Torch went FM, is there any advice/guidance/info you are willing to share? Do you think SP/SG will try and claim FM on this project?

If BC Developments even had a tentative agreement in principal with a hotel chain to operate in East tower, which later pulled out due to the economic crisis and the fact that someone realised that Dubai has more hotels than it needs by a factor of 2, then I suspect this will be enough for BCD to claim Forced Manure.

Authorities in Dubai (Property Court/RERA), are overwhelmed and the consensus view is if you are an investor and your getting a unit (eventually) you have done well out of this whole mess.

I think there are enough people who invested in Palm Jebel Ali, Dubailand, Sport City who wont be getting jack shit for RERA to worry about rather than a few hundred wingers complaining about late delivery and no hotel in the Marina.

and when we talk about breach of contract, that's something for the courts to look into. the breach does not fall under RERA's authority.

So what breach are you talking about then ?

So what breach are you talking about then ?

Missing hotel tower at a guess?:banana:

I think there are enough people who invested in Palm Jebel Ali, Dubailand, Sport City who wont be getting jack shit for RERA to worry about rather than a few hundred wingers complaining about late delivery and no hotel in the Marina.

i think hes right at least we are getting our unit... late is better than never

different view

http://farm3.static.flickr.com/2712/4396226066_e8d9182759_b.jpg

view right down the marina from central front/side apartments

http://farm3.static.flickr.com/2678/4391407141_4930f6a2bf_b.jpg

Missing hotel tower at a guess?:banana:

I thought you might say that Sunny.

Difficult to legally challenge a missing hotel if the respondent insists "it's on it's way chaps, hang in there".

When are you in a position to judge it hasn’t been provided?

Do you have a date when the hotel needs to be delivered contractualy?

Again I'm guessing the answer will be no. This in turn leaves Rahail to spin this one out for years. Maybe until Jumeirah needs another 5* hotel to tick along at 50% occupancy and barely break even.

Then there’s the whole "define a Hotel issue". Plenty of wriggle room in the BCD contract (just like The Torch), I studied them both before I bought as I considered both options myself.

Contracts mean Feck all in Dubai.

completely disagree with that!! for one thing, we can ask for compensation equal to the premium we paid when buying our apartments, because we were promised a 5-star hotel in the development. second, we can also ask for compensation due to the absence of progress on the hotel tower and how that delayed the handover of the residential towers and the financial loss the investors suffered because of that.

i definitely think its worth a shot here, and there is a very good chance we can win. and if we use one apartment in the lawsuit and spread out the cost on as many investors as we can, the cost will be at a minimum to each.

i think everyone should take this seriously and i am more than willing to start the process if i have enough investors on board.

They will just claim force majeure and not pay any compensation.

^^Most of the legal structure of DIFC is based on UK law and precedent. If SP were to be sued in DIFC I think they would struggle with their definition of Force Majeure. British law has a protection mechanism of unfair clauses and contract terms. For that reason redefining standard legal phrases would not be accepted by the courts I'm sure.

the compensation i am referring to is not what is specified in the contract. it is what you get when you sign a contract and suffer financially due to a breach of the other party, and the court rules in your favor and determines the compensation. many lawsuits are filed on this basis in dubai courts.
besides, there is nothing in the contract that says Select will have the right not to build the hotel if they claim force majeure.

They will just claim force majeure and not pay any compensation.

the court will decide whether Select is genuine or not in their claims/defense. also, there is nothing in the contract that says the hotel completion is going to be separate from the residential towers. in fact, you can argue that giving the architectural design of the three towers (shared podium and basement), it is assumed that all towers will be completed at the same time.

I thought you might say that Sunny.

Difficult to legally challenge a missing hotel if the respondent insists "it's on it's way chaps, hang in there".

When are you in a position to judge it hasn’t been provided?

Do you have a date when the hotel needs to be delivered contractualy?

Again I'm guessing the answer will be no. This in turn leaves Rahail to spin this one out for years. Maybe until Jumeirah needs another 5* hotel to tick along at 50% occupancy and barely break even.

Then there’s the whole "define a Hotel issue". Plenty of wriggle room in the BCD contract (just like The Torch), I studied them both before I bought as I considered both options myself.

Contracts mean Feck all in Dubai.

I thought you might say that Sunny.

Difficult to legally challenge a missing hotel if the respondent insists "it's on it's way chaps, hang in there".

When are you in a position to judge it hasn’t been provided?

Do you have a date when the hotel needs to be delivered contractualy?

Again I'm guessing the answer will be no. This in turn leaves Rahail to spin this one out for years. Maybe until Jumeirah needs another 5* hotel to tick along at 50% occupancy and barely break even.

Then there’s the whole "define a Hotel issue". Plenty of wriggle room in the BCD contract (just like The Torch), I studied them both before I bought as I considered both options myself.

Contracts mean Feck all in Dubai.

I think we are finding out that contracts mean feck all everywhere, but I know at least one person who has the financial clout, resources and desire to see this through to the end! :lol:

deleted

if we file one lawsuit using one apartment, the financial cost will be negligent considering the potential financial reward. you can negotiate the lawyer fees in advance and thus know exactly how much it would cost.

lawyers here, generally speaking, take an upfront fee and the then 10% off the compensation reward. because of that, it will be in their interest to work the case very hard. i have already talked to a lawyer and that's how they structure their fees.

the upfront fee can be as low as AED 60-70k for a single apartment.

the issue here is not financial, but the will and determination of the investors to pursue this. Glover have a go. You will spend hours and hours sending emails to people that say they are in and never come forward. This could cost big money. Is this thing really worth so much less without the hotel? I know you are going to say that aint what you were sold. If its that important why not get 30 or so investors on board, offer to buy the plot and build it yourselves. You can ask for this and ask for that but they aint got it on this tower, cant get blood out of a stone.

if we file one lawsuit using one apartment, the financial cost will be negligent considering the potential financial reward. you can negotiate the lawyer fees in advance and thus know exactly how much it would cost.

lawyers here, generally speaking, take an upfront fee and the then 10% off the compensation reward. because of that, it will be in their interest to work the case very hard. i have already talked to a lawyer and that's how they structure their fees.

the upfront fee can be as low as AED 60-70k for a single apartment.

the issue here is not financial, but the will and determination of the investors to pursue this.

The level of interest and support will depend on the potential for loss consequent by not doing anything.

I'm involved in a group of several hundreds - and it has a very strong level of support; - but that is in a situation where every investor could lose everything he's paid to date. That kind of loss really focusses attention - especially when it may be proved that the Developer acted criminally.

The main problem with a "group" approach is that you will be suprised how difficult it is the harness the energy and get it all moving in the same direction. You will also be surprised at how many people will come forward with a different idea as to how the group should be moving. It is very difficult - but by no means impossible to go the "group action" route, - but it has to be seen to be worthwhile by a sufficient number of like minded investors even to get started.

The level of interest and support will depend on the potential for loss consequent by not doing anything.

I'm involved in a group of several hundreds - and it has a very strong level of support; - but that is in a situation where every investor could lose everything he's paid to date. That kind of loss really focusses attention - especially when it may be proved that the Developer acted criminally.

The main problem with a "group" approach is that you will be suprised how difficult it is the harness the energy and get it all moving in the same direction. You will also be surprised at how many people will come forward with a different idea as to how the group should be moving. It is very difficult - but by no means impossible to go the "group action" route, - but it has to be seen to be worthwhile by a sufficient number of like minded investors even to get started.

you are 100% right Yousaf but unfortunately majority members on this thread are on side of devaloper or from devaloper staff you canot make group here
Mirpuri

Anybody bought an apartment or know anything about apartments for sale in this tower?

Anybody bought an apartment or know anything about apartments for sale in this tower?

I dont think east tower was offered to public for sale. Are SG offering east tower now. Is worrying .

I dont think east tower was offered to public for sale. Are SG offering east tower now. Is worrying .

I just wondered if it might be like the serviced apartments in the Marina Mall hotel (The Address). Just interested if anybodys heard anything as I'm still waiting for the update......... so we can all find out where we stand with the hotel which at best is going to be 3 years later than planned.

Who else was told when they bought that all 3 towers would be built at the same time?

I just wondered if it might be like the serviced apartments in the Marina Mall hotel (The Address). Just interested if anybodys heard anything as I'm still waiting for the update......... so we can all find out where we stand with the hotel which at best is going to be 3 years later than planned.

Who else was told when they bought that all 3 towers would be built at the same time?

It doesn't matter what any salesman told you - it is written into our SPA contracts! Feck, they even drew us a picture of the three towers! :banana:

I dont think east tower was offered to public for sale. Are SG offering east tower now. Is worrying .

Information i received recently...
No - they are not offering this as apartments for sale now.

I understand why people are worrying...SG offer no communication or information whatsoever other than requests for money. However i can confirm i was in Dubai over the last few weeks and asked about the hotel tower.

I was told by a senior director of SG, that i know reasonably well, that he has seen the plans and the hotel WILL be being built according to original schedule [39 floors] however is behind the res towers by about 18 months to 2 yrs.

He went on to say that SG would be making a formal announcement on the hotel tower to clarify everything within the next 4/6 weeks.

Surely we are better waiting to see what they say than starting rumours on here and possible feeding them ideas!
I can also tell you i have seen the mock up / show apartment and can tell you it is better than The recent Photos i have seen of the Torch...in my opinion.

Unfortunately when there is no updates or news to speak of it leaves people thinking the worst and rumours start.

Information i received recently...
No - they are not offering this as apartments for sale now.

I understand why people are worrying...SG offer no communication or information whatsoever other than requests for money. However i can confirm i was in Dubai over the last few weeks and asked about the hotel tower.

I was told by a senior director of SG, that i know reasonably well, that he has seen the plans and the hotel WILL be being built according to original schedule [39 floors] however is behind the res towers by about 18 months to 2 yrs.

He went on to say that SG would be making a formal announcement on the hotel tower to clarify everything within the next 4/6 weeks.

Surely we are better waiting to see what they say than starting rumours on here and possible feeding them ideas!
I can also tell you i have seen the mock up / show apartment and can tell you it is better than The recent Photos i have seen of the Torch...in my opinion.

Unfortunately when there is no updates or news to speak of it leaves people thinking the worst and rumours start.

Well said Mark - we should all keep our heads.

Let's push SP/SG to issue an update to address the hotel issue.

Guys, I'm told that the hotel will start as soon as the West tower tops out. The workers will move from this (west) tower to the hotel tower. They can't start the hotel tower yet because of access issues until West is topped.
As you say, it would help if investors were given some snippet of factual communication. Questions are bound to be asked when we see the piling complete and no construction works starting

update is here.. ill post it soon

Guys, I'm told that the hotel will start as soon as the West tower tops out. The workers will move from this (west) tower to the hotel tower. They can't start the hotel tower yet because of access issues until West is topped.
As you say, it would help if investors were given some snippet of factual communication. Questions are bound to be asked when we see the piling complete and no construction works starting

This is just a lame excuse to play for more time.

What excuse did they give for not coming up with the show apartment pictures yet? Not able to get the pictures fuzzy enough for circulation:lol:

http://i48.tinypic.com/30m0hza.jpg

http://i50.tinypic.com/142hnw5.jpg

http://i45.tinypic.com/5chy5c.jpg

update is here.. ill post it soon

Just read it - seems to be a good update, but still not telling us anything new about the hotel tower.

At this stage I'm not really that bothered about the intricate coving in the show appartment - nice though it is!:lol:

http://i48.tinypic.com/e7bgj9.jpg

Finish certainly looks a bit better,polished inlaid floors and wall hung sanitryware. Did the last milestone update show the East Tower as Waiting approval?

Guys, I'm told that the hotel will start as soon as the West tower tops out. The workers will move from this (west) tower to the hotel tower. They can't start the hotel tower yet because of access issues until West is topped.
As you say, it would help if investors were given some snippet of factual communication. Questions are bound to be asked when we see the piling complete and no construction works starting

I was told the same several weeks back and also that when torch was finished the labour would be deployed to BC for the last push towards the finishing line. Might be nonsense...but its good believable nonsense!