While waiting for BC to be built, I am thinking about what the views will look like.

I think the hotel tower (on right) will have the best views of the sea.

http://i13.tinypic.com/5zbyxiq.jpg

http://i12.tinypic.com/6h3th6u.jpg

^^ good assessment there. but you do know that the dubai promenade has other buildings in place? did u check to see if the views would or would not be blocked by buildings which are being planned?

for reference: check http://www.skyscrapercity.com/showthread.php?t=511846

if you can cross reference it with the pic krazy had there, maybe you can recalculate imo

...

The best view will be on the ground floor...........the bar. :cheers:

:lol:

best views of the marina would be centre tower either side.. not the back apartments.. you could look all the way down the marina..

i also know there is gonna be 11 floor two buildings on built on either side so your have too be higher than floor 16 too over look these..

^^ good assessment there. but you do know that the dubai promenade has other buildings in place? did u check to see if the views would or would not be blocked by buildings which are being planned?

for reference: check http://www.skyscrapercity.com/showthread.php?t=511846

if you can cross reference it with the pic krazy had there, maybe you can recalculate imo

If I even get a glimpse of that 7 star Simpson's Donought Hotel with struting silver things sticking out to sea, I will be extremely pleased...:banana:

deleted

If I even get a glimpse of that 7 star Simpson's Donought Hotel with struting silver things sticking out to sea, I will be extremely pleased...:banana:

now there is a happy camper :lol:

The best view will be on the ground floor...........the bar. :cheers:

:lol:

how does a bottle of BOLLINGER - La Grande Année Rosé 1999 sound? on the house! :lol:

i bought a place last month in bay central... through al jamal al habtoor real estate... paid reservation and 20% of the total price and now waiting over a month for duabi select too send me out my contract.. how long does it take too recieve the contract? i know there quite lazy in duabi and take the time too doo things.. or am i just over keen too have some kind of paperwork in my hand... i have called al jamal al habtoor a few times and they say they have forwarded all infomation too dubai select and there taking there time..

i did some research on jamal al habtoor and there no micky mouse company.. any advice what i can doo?

I've only dealt with DS direct and the system was that I paid my £3k deposit then received the contract, had time to check it through and sign it. It had to be back to them within 30 days along with the first instalment of 15%.

Important thing here is that I received the contract before making the first instalment. I'm really surprised that you've been expected to part with 20% of your money without receiving the contract and being able to read it first. Very strange. Here's the payment plan options from the DS website:

Standard payment plan.
£3000 reservation fee,
15% on exchange of contract,
15% December 2007,
20% June 2008,
20% December 2008,
20% June 2009,
Final instalment on completion.

Non-status Lengthy payment plan;
£3000 reservation fee,
15% on exchange of contract,
15% six months thereafter,
Quarterly instalments spread over 15 years.

You can see both plans only show that the first payment is 15% and is made upon exchange of contracts which hasn't happened in your case.

I'd phone DS as quickly as you can and check it all out with them.

TowerPower posted this on the JBR thread...
Shows BC quite nicely.

http://i9.tinypic.com/4uwt6v9.jpg

And this from DubaiMarina Thread...

http://i2.tinypic.com/4r1qhkw.jpg

Superb,best central marina photos i have seen for a while.

nice pics...

any opinion re USD/AED evolution ? understand not relevant to this thread however, will there be any possibility that the fixed exchange rate could be terminated by the govt ?

Thnks

Mobile crane moving the 'steel anchor'
The mobile crane moving the ‘steel anchor straining wire’ around the site. This anchor wire will be inserted into the shore wall as the excavation gets deeper
http://i23.tinypic.com/2zio2t3.jpg

Shore piling near completion
Shore piling near completion, with only 50 of the 660 left to be inserted. This months excavation of the development has put the site 1 level lower already, marked by the safety rails visible at the bottom of the shot. The blue plastics pipes show that the de-watering system, when the Excavation goes below the datum water-line the de-watering system will be initiated
http://i20.tinypic.com/1zyu22w.jpg

Pour of the shore piles
DCE construction workers monitoring the pour of the shore piles. This will create a flat surface for builders to work on.
http://i22.tinypic.com/2gtt35g.jpg

Yellow de-watering tanks
The yellow de-watering tanks are visible on the plot To the right of Picture 4 a section of the road’s shore-wall that still remains, the only thing preventing the remaining 50 piles being inserted. This wall will be pulled out over the next few days and the shore piling will be 100% complete.
http://i21.tinypic.com/b3setw.jpg

All happening here.

Thanks for the update. This project has a good speed. :cheers:

buyers of this project should be impressed at their location...
just look at the aerial pic!!

splendid update

Looks like a busy site. :applause:

Shore piles around 90% complete but that has taken 5 months. Progress on average 4 piles per day which is much less that the 20 piles per day quoted earlier by DS. Shoring should be complete mid October when they should move onto the bearing piles.

I estimate bearing piles complete Jan 08 then they start reduced level excavation and trimming piles to the cut off level. On this basis the structure could be visible above ground around Dec 08. We are then looking at topped out by mid 2010. It normally takes a further year to fit out and finish inside and outside so mid 2011 looks on the cards.

I estimate bearing piles complete Jan 08 then they start reduced level excavation and trimming piles to the cut off level. On this basis the structure could be visible above ground around Dec 08. We are then looking at topped out by mid 2010. It normally takes a further year to fit out and finish inside and outside so mid 2011 looks on the cards.

i want to ask you...is it possible for them to fit the interiors at the same time while they are topping up the exteriors starting from the ground up?
wouldnt that save time??

^^ The interior fit out starts normally 6 -10 floors behind the main structure. People underestimate the amount of work involved in the mechanical and electrical elements not to mention the finishings. Constructing a concrete frame is very visible and gives a false impression of the true progress of the project.

So to answer your question, they do go on at the same time, it's just that fit out can not progress at 1 floor per week as there is much more involved than pouring concrete walls one day then the floor/ceiling a few days after.

http://www.selectproperty.com/regions/dubai/bay-central/resources/images/tri.jpg

http://www.selectproperty.com/regions/dubai/bay-central/resources/images/baylight.jpg

http://www.selectproperty.com/regions/dubai/bay-central/resources/images/baycentrallarge.jpg

http://www.selectproperty.com/regions/dubai/bay-central/resources/images/bay_roadside.jpg

ive bought a place in bay central central tower.. not on the 15 year lenghty plan... now thinking of buying another place in dubai.. because all my finances are tied up in this project... does anyone know if you can arrange a uk mortgage for a property in dubai, for a first time buyer? i know if you have a property in the uk theres no problem too get a mortgage abroad.. anyone recommend any one?.. thanks

bay central looks like its well on the way near too it completion date maybe a slight delay..

which one is better moneycorp or hifx?

thanks

ive bought a place in bay central central tower.. not on the 15 year lenghty plan... now thinking of buying another place in dubai.. because all my finances are tied up in this project... does anyone know if you can arrange a uk mortgage for a property in dubai, for a first time buyer? i know if you have a property in the uk theres no problem too get a mortgage abroad.. anyone recommend any one?.. thanks

bay central looks like its well on the way near too it completion date maybe a slight delay..

which one is better moneycorp or hifx?

thanks

Congratulations on your purchase, well done. Can I ask what type of apartment you've bought ??

( I'm not familiar with the mortgage availablity in Dubai, you might get a better response by posting in the Investment section ).

Congratulations on your purchase, well done. Can I ask what type of apartment you've bought ??

( I'm not familiar with the mortgage availablity in Dubai, you might get a better response by posting in the Investment section ).

thanks.. ill try there

centre tower type c apartment 21 floor maria facing

left hand side view if your standing with the beach behind you

i bought it 3 months ago prices have gone up 15% already ive heard

i might even sell it before its built as none are left in the center tower if i get a good gain.. select say they have estimated 45% increase in investment on completion i dont think it will be that much.

thanks.. ill try there

centre tower type c apartment 21 floor maria facing

left hand side view if your standing with the beach behind you

i bought it 3 months ago prices have gone up 15% already ive heard

i might even sell it before its built as none are left in the center tower if i get a good gain.. select say they have estimated 45% increase in investment on completion i dont think it will be that much.

I estimate you've paid around AED 970,000 then for a one bed. You'll have a good view towards the supertalls. I think a 45% gain is the minimum you'll achieve if you keep it until completion. The going rate for a one bed Marina facing is around AED 1.5m in today's money.

Don't forget that this can be long term or short term rental so will be attractive to a buyer who also wants a holiday home and also wants to let out - no restriction unlike JBR and Emaar developments. Five star hotel servicing also available on site. Completion is likely to be mid 2011 as per True Blue's comments above. ( I just go with what our resident expert says now as I've been proved hopelessly wrong in the past :lol: )

So there's another 4 years of price growth to go on top, so I reckon you could be looking at selling for AED 2m when handed over to you - a 100% price increase not 45%. My advice would be definitely to keep until completion unless you've really got to sell beforehand.

ive bought a place in bay central central tower.. not on the 15 year lenghty plan... now thinking of buying another place in dubai.. because all my finances are tied up in this project... does anyone know if you can arrange a uk mortgage for a property in dubai, for a first time buyer? i know if you have a property in the uk theres no problem too get a mortgage abroad.. anyone recommend any one?.. thanks

bay central looks like its well on the way near too it completion date maybe a slight delay..

which one is better moneycorp or hifx?

thanks

I too have bought a place in bay central (west tower) on the 15 year lengthy payment plan. Dont know of any uk mortgage lenders that would be able to help you tho, im in a simular situation to yourself with reagrds to first time buyer (uk) and as such have found that unless you have a uk property to secure your mortgage against they cant help you.... Prob better off trying to get a mortgage threw a uae bank...might have more luck!

ive bought a place in bay central central tower.. not on the 15 year lenghty plan... now thinking of buying another place in dubai.. because all my finances are tied up in this project... does anyone know if you can arrange a uk mortgage for a property in dubai, for a first time buyer? i know if you have a property in the uk theres no problem too get a mortgage abroad.. anyone recommend any one?.. thanks

bay central looks like its well on the way near too it completion date maybe a slight delay..

which one is better moneycorp or hifx?

thanks

I usually get quotes for sending money accross with Moneycorp and Secure Currencies and find that Paul at Secure Currencies is very good.

if theres gonna be a 1 1/2 year delay from completion date... i think in the contract select pay compensation after a year right?

oh yeah i have the right hand view of the marina.. if ur standing with the beach behind you... which way is better? left or right?

if theres gonna be a 1 1/2 year delay from completion date... i think in the contract select pay compensation after a year right?

oh yeah i have the right hand view of the marina.. if ur standing with the beach behind you... which way is better? left or right?

I'd say left - towards the supertalls.

I'd say Right, towards the yacht club. After all it is a marina development.

i 'll say toward arabian canal direction right:) :cheers:

i 'll say toward arabian canal direction right

I say left towards the tallest block on the planet. Will look great at night.

^^ serious ...dubaidot or select they are:jk:

I was referring to all three towers at Bay Central. DS have confirmed that they will all be handed over at the same time - they must do it this way as we cannot have say WT being handed over whilst work is still ongoing at CT or ET this would not be acceptable to residents - and they probably would not get the completion/occupancy certificate.

correct morris, it's better to all .thnx for explanation elso

I say left towards the tallest block on the planet. Will look great at night.

Agree.

if you had a right hand view, would you be able too see the arabian canal through all the buildings going up? you might have too be quite high..?

obviously to the right - since I bought there ... :nuts:

obviously to the right - since I bought there ... :nuts:

what tower and floor have you bought? i have bought one bed with the right hand view centre tower..

right hand views will have the nice yacht club view but beyond that you will have to wait and see, why get all excited about a canal when you have the waters of the marina outside of your balcony? I have a left hand view Apt Type 07 and think the view to the left will be superb with the balconies hanging over the waters edge, I think these (left or right hand views) will deliver very good premiums when completed. A1 location.

whatever the location - as long as it is facing the marina and not the back I would suggest to give good revenues in the long run.

Bought 1 bed WT 24th floor right facing marina ... however most of the time I will be downstairs where all the nice bars should be located .... :banana:

Besides - understand there is still some good land out there on the right facing side of the marina. - Why not another supertall on that part of the marina or behind ?

Hi Caesar7. From what you say I assume you have purchased apartment number W2412. Is this correct as I have purchased W2401. I think we may thus be neighbours!!

let me check - I think it is 2403.... anyway great to have you here ! :cheers1:

caesar and nad

may i ask you how much did you pay for the apartments and when did you buy them.... i'm considering to buy in bay central as well and your reply will be much appreciated...

thanks


..

delete

^^C3PO or R2D2:dunno:

Hi Doc - unable to give you the exact price here however I have purchased the property about a year ago so prices are no no longer current anyway I would figure.

So Nad - that makes us neighbours ! Great - hope we have a drink sometime... :cheers:

If you go to the first page of this thread you will see the original WT launch prices so you'll be able to see what investors paid. If a purchase was made before 11th November a pre-launch discount of 2.5% was given.

Check this out, taken last week.

http://i24.tinypic.com/aokep2.jpg

anyone knows how high al-fattan office building is going to be!

I heard 12 stories but it may have changed since then.

The plans are indeed for a G+12 floors building, offering 21,000 sq m of commercial and retail area.


... abd the funny part is that we don't have a thread for it. :D

The plans are indeed for a G+12 floors building, offering 21,000 sq m of commercial and retail area.


... abd the funny part is that we don't have a thread for it. :D

Can someone please explain - I thought glover was asking about the Al Fattan Marine Towers...but the office part of the name got me confused...so where is this 12floor building being put? Is it part of Bay Central?

No a separate building between Bay Central and Al Fattan Towers and blocking some sea views on Bay Central.

here it is.

http://img228.imageshack.us/img228/4900/4r1qhkwgh8.jpg (http://imageshack.us)

No a separate building between Bay Central and Al Fattan Towers and blocking some sea views on Bay Central.

Just done a quick google and found this:

http://www.alfattan.ae/projects.html#

http://i6.tinypic.com/4udyhsp.jpg

has an animation which shows the building. Looks like it is tacked onto the back of the existing twin towers.

http://i18.tinypic.com/6c3lms1.jpg

^^ Yes, that's it.

Got this mail today...

Welcome to your construction update from Select Property detailing the activity on Bay Central in October 2007



Construction Update



October saw the first level of excavation almost completed across the entire plot area.

Below you can see the Bay Central site board in place.


http://i4.tinypic.com/676b3as.jpg




The picture below shows the rebar for the piles are on site.

The rebar is a steel cage that is inserted into the pile hole and then filled with concrete.


http://i3.tinypic.com/6328fut.jpg






This image shows the last of the shoring piles going into the back wall.

When these are done, the total 660 piles will be complete.

http://i2.tinypic.com/6btzmvm.jpg

Thank you all for such an interesting discussion. :)
I am so interesting in buying a 1 br apt. in the Bay Central.
I contacted DS last week and they told me that my only option will be unit number 04 on the CT. And all the other were sold.
HOWEVER, I followed up with them couple of days ago, and they told me that there are currently some 02 !!!
I do not know how they run the availability. Do DS hold on some unit and release them according to the market gradually ?! If this the case, shall I wait till I may have a better chance of getting a good 07 unit, since it has a better view toward the supertalls ? (all 5 and 6 were sold out) :ohno:
Not to mention the high price they listed ( 1.2 m) for 02 :nuts:
Waiting for your kind and appreciated guidance ....

Rest of update from DS website:

October saw the first level of excavation almost completed across the entire plot area.
http://i12.tinypic.com/6257ofp.jpg

The Bay Central site board is now in place
http://i19.tinypic.com/4ly4gvr.jpg

The last of the shoring piles are going into the back wall.
http://i16.tinypic.com/4mvo3ts.jpg

The rebar for the piles are on site
http://i10.tinypic.com/6g3xqon.jpg

The rebar is a steel cage that is inserted into the pile hole and then filled with concrete.
http://i17.tinypic.com/6ba9jlj.jpg

When these are done, the total 660 piles will be complete.
http://i9.tinypic.com/4kxyja9.jpg

http://i17.tinypic.com/4kjmkbd.jpg

http://i14.tinypic.com/4kxyja9.jpg

sorry it's small, i tryed to make it bigger
http://img383.imageshack.us/img383/7144/baycentral0801lq5.jpg (http://imageshack.us)

Thank you all for such an interesting discussion. :)
I am so interesting in buying a 1 br apt. in the Bay Central.
I contacted DS last week and they told me that my only option will be unit number 04 on the CT. And all the other were sold.
HOWEVER, I followed up with them couple of days ago, and they told me that there are currently some 02 !!!
I do not know how they run the availability. Do DS hold on some unit and release them according to the market gradually ?! If this the case, shall I wait till I may have a better chance of getting a good 07 unit, since it has a better view toward the supertalls ? (all 5 and 6 were sold out) :ohno:
Not to mention the high price they listed ( 1.2 m) for 02 :nuts:
Waiting for your kind and appreciated guidance ....

All 07´s are long gone and if any come onto the resale market you will be looking at 1.5-1.7 for a 1 bed. I really think 1.2 is not a bad price at all considering the location and the fact you may have a sea view between the JBR/al Fattam towers. In fact its a great price considering other developements. I believe they have around 40 uits in total left so grab the best one!

Thanks Grubbman
The thing that I do not know why the guy at DS does not reveal all of my options (the 40 left) why did he mentioned only 3.
Thanks again :)

Thanks Grubbman
The thing that I do not know why the guy at DS does not reveal all of my options (the 40 left) why did he mentioned only 3.
Thanks again :)

same when i wanted too buy it... i bought from a 3rd part estate agents who had bought right in the begining, got a better choice of flat on the 21st floor marina facing

same when i wanted too buy it... i bought from a 3rd part estate agents who had bought right in the begining, got a better choice of flat on the 21st floor marina facing


Beppe, may I know the 3rd part. agent you are referring to ?

Beppe, may I know the 3rd part. agent you are referring to ?

i had a friend working at jamal al habtoor.. i bought from them.. where DS had no good flats left i had a wide choice from them... dont know if they have many left now i bought 4 months ago...

Beppe, may I know the 3rd part. agent you are referring to ?


I can't see much difference between an 07 and an 04 apartment both are same size/design and both are supertall block facing. BC sticks out so much into the Marina that supertall view from an 04 (although set further back) will be hardly any different. An 04 will have equally as good Marina view. I'd grab an 04 if they have some left.

I can't see much difference between an 07 and an 04 apartment both are same size/design and both are supertall block facing. BC sticks out so much into the Marina that supertall view from an 04 (although set further back) will be hardly any different. An 04 will have equally as good Marina view. I'd grab an 04 if they have some left.

The view from the 07 is better, 04 is sea facing but that view will be blocked by JBR. 07 apt. will have a view of the enitre marina.

AZ_1st

I was thinking the view of the supertalls would be just as good from 04 as 07 as for both units you'll only get the supertall view from the bedroom and balcony. If you look at the plan below the view would be the same and neither would see the supertalls from the lounge area.

The 04 unit living room would not get the full-on Marina view but the side Marina view would be OK from the bedroom and balcony IMO. And it would have the sea view from the lounge.

What I'm trying to say is that the 04 is still a decent apartment and in fact may have better views that my Marina facing one bed in West Tower, where I'll not a get a supertall view at all.


http://i5.tinypic.com/2hg5s9x.jpg

I do agree with you Morrismarina
However, 02s are the one only left.
Would you think that it would be still a good option having the sea view, plus the marina and yacht club (with out the supertalls)?
Also this will be for a relatively high price ( around 1.2 m)??

just paid the booking charge for four 1-beds in the West tower. i have to say that the staff, both here and London, are externally knowledgeable about their project, and have a no nonsense approach, unlike the other developers i dealt with in Dubai.

i think this project will be a great investment for short term/holiday let. it is basically a five star hotel complex, which will put it above and beyond all other furnished apartments in the Marina, except probably the Marina Mall and al-fattan.

Completion date, both the London and Dubai offices stressed, will be no later than Mar 2010.

i was told today that Dubai Select bought out Global Star, owners of Royal Oceanic and Yacht Bay.

I do agree with you Morrismarina
However, 02s are the one only left.
Would you think that it would be still a good option having the sea view, plus the marina and yacht club (with out the supertalls)?
Also this will be for a relatively high price ( around 1.2 m)??

Yes I think an 02 would still be a good buy. You're only losing the view of the supertalls and I'm only personally interested in this as I have bought in the Torch and it would be nice to look at it, but there again that's just me -most people probably would not be bothered at all. Having said that my West Tower unit will not get a supertall view and I'm not really that upset about it. It's just that if you have an option for the supertall view it's better to have it than not, but it's not crucial. If you plan to rent out your apartment (long or short term) lack of the supertall view will not make any difference to rental whatsoever at the end of the day.

Try to buy an 02 as high as possible (very high if you can) at least 16 floors, so this should give you a view over Marina Quays and also the extension to the rear of Al Fattan Tower so you don't get a blocked sea view. Again not essential but might as well have this if you have a choice. An 02 unit in some ways could be better than my marina facing WT one bed as at least you have a chance of getting a sea view AND a Marina view, whereas I'll only get a Marina view and that's only a partial one. Remember you're in the Central Tower as well, which has a bit more "status" than the WT.

Main reason for buying into BC is the Marina view (even if it is only partial) and the hotel complex with room service etc. And......with an 02 apartment I can give you a wave from the West Tower. :lol:

The lack of units does show how well BC is selling and I think AED 1.2m might possibly seem a bit expensive now, but when completed you will see your investment going for around AED 2m.

BTW I think completion March 2010 is incredibly optimistic, December 2010 if we're very lucky but more likely mid 2011. Just my view but be careful about what DS say as completion date. Look what happened to the Torch, they'll say anything to get you to sign up - remember they are highly trained sales people. :lol:

Will 02 have an Al Burj view ?

So a B3 24th floor west tower 1 bed apt would have sea views apart from marina views ? :wave:

No Ceasar, the B3 unit only has a Marina view. The A6 would have both Sea & Marina view - see below.

http://i11.tinypic.com/437ug55.jpg

thought so - thnks Morris :cheers:

A6 in WT will only have a sea view. That's what i bought, but i wish you are right!!

Glover- you are right del my post

btw - that balcony of (my) B3 looks quiet tiny in that floorplan - even the studio has a bigger balcony ...

A6 in WT will only have a sea view. That's what i bought, but i wish you are right!!

Well you're going to get a Marina view when you're sipping your Moet & Chandon on the balcony. :cheers:

if we are talking about the West tower, there will be no Marina view from A6. It's facing the gap between al-fattan and JBR, and is not a corner one!

whens the next price increase estimated... i have a 01 apartment.. centre tower...

if we are talking about the West tower, there will be no Marina view from A6. It's facing the gap between al-fattan and JBR, and is not a corner one!

Oh shit.......you're right, I was thinking A6 had the balcony on the left. Sorry........it belongs to S5 :wallbash:

Quick.......phone down to the Renaissance and cancel the Moet. :lol:

deleted

06/November/2007


http://img100.imageshack.us/img100/2348/imresolt063ov6.jpg (http://imageshack.us)

Great picture Imre.

:applause:

Using your picture and MS Paint I have made this...

http://i23.tinypic.com/2ppkhp4.jpg

This shows me my view from the central tower!!!! I think I will have a decent sea/palm view!!!!

:banana:

just paid the booking charge for four 1-beds in the West tower. i have to say that the staff, both here and London, are externally knowledgeable about their project, and have a no nonsense approach, unlike the other developers i dealt with in Dubai.

i think this project will be a great investment for short term/holiday let. it is basically a five star hotel complex, which will put it above and beyond all other furnished apartments in the Marina, except probably the Marina Mall and al-fattan.

Completion date, both the London and Dubai offices stressed, will be no later than Mar 2010.

i was told today that Dubai Select bought out Global Star, owners of Royal Oceanic and Yacht Bay.

Thanks Morrismarina
Glover, May I know from whom you did purchase the apt. in the west tower. As far as I know, the west tower was sold out long time ago !!!!!
Regards

Great picture Imre.

:applause:

Using your picture and MS Paint I have made this...

:banana:

It also clearly shows that Microsoft has commited a grave sin by releasing MS Paint to the world.

OR that you should never use a laptop touchpad to cut and paste graphics.

OR that you failed GSCE art. :D

The A6 would be a better choise then the 5er or the E-class and can be had in sedan or Avant form. The panoramic roof is optional at an extra charge.

It also clearly shows that Microsoft has commited a grave sin by releasing MS Paint to the world.

OR that you should never use a laptop touchpad to cut and paste graphics.

OR that you failed GSCE art. :D

I thought it was ok with regards to the 3 mins of effort i put into it...

Lets see what Mr Naz can come up with?

:lol:

Erm...im sorry, I can't, i've er, got a bad back.

i am planning to buy a 1 bed in westtower, a bit apprehensive after hearing about the torch being delayed atleast 18 months after the due date. Does anyone know or have read the contract carefully as in the "selling clause" , can someone sell if they are on a 15 year payment plan or how does it work? Are Select properties trustable in comparison with other big biys like Emaar and Nakheel and DAMAC? Also please advice which apartment in the west tower will have a decentview,i amthinking about the 23rd floor in the West tower, type A6/A7 , any adea?

Well, they're not as "trustable" as Damac, but they're ok.

A 12-18month delay is now standard in Dubai.

Quality will be better than Nakheel and Emaar, if the latter's current finished developments are to go by.

DS are offering a 15-yr payment plan on Bay Central.

Everything except my opening sentence is true, as I was being sarcastic, i.e. Damac is currently the worst developer in Dubai. Over 100 projects launched, only 2 completed to date, and many have not even started construction or are on hold. Dubai Select on the other hand now have 4 projects in Dubai, 3 are well underway construction-wise (albeit subject to the same delays as everyone else) and the 4th was launched today. Do the math.

How do you know that the quality will be better than Emaar and Nakheel?
They have not project which is ready.

^^ Good point Imre!

He is presumably taking the word of DS on this. Everything DS state is true! I phoned their offices today for tonights score and they said that Rangers would beat Barcelona 3 : 0.

Rangers would beat Barcelona 3 : 0.

Are we talking 2007 or 2011?

OK sorry, let me rephrase. It can't possibly be any shitter than Emaar and Nakheel. Hello...have either of you actually been inside any Nak/Em properties of late????

Of course i'm taking DS's word for it, Einstein, as I don't have any completed building to take a look at! I'd have thought that was obvious enough.

Emaar and Nakheel can afford to dupe their investors coz they "think" their names and projects sell themselves and people won't care. Seen as DS don't have this luxury, im assuming they're gona have to really impress with their interiors. I know you're just dying for DS projects to fail for some reason, but i'm sorry I don't share your pessimism.

BTW, good news for your Jewel's investment re: Al Burj eh! Looks like someone finally pulled a finger out of their arse! (oops, no pun intended!)

if DS is planing on having Bosch or similar quality appliances in BC, then that would put them above Nakheel & Emaar.

They are also using the same contractor Emaar uses, which is DCE. The Dubai office told me that the quality in BC will be better than the Point, because Marriott demanded high specs for all the 3 towers. Marriott is planning to use the apartments in the other two towers and want them to be of high standards fit to a 5 star hotel.

This is the quality of Emaar's Marina Promenade. If BC is better than this it should be good.

http://img220.imageshack.us/img220/5125/img1584dw7.jpg
http://img156.imageshack.us/img156/88/img1583ow1.jpg
http://img233.imageshack.us/img233/5029/img1560st8.jpg
http://img219.imageshack.us/img219/1633/img1592kd1.jpg

Well, they're not as "trustable" as Damac, but they're ok.

A 12-18month delay is now standard in Dubai.

Quality will be better than Nakheel and Emaar, if the latter's current finished developments are to go by.

DS are offering a 15-yr payment plan on Bay Central.

Everything except my opening sentence is true, as I was being sarcastic, i.e. Damac is currently the worst developer in Dubai. Over 100 projects launched, only 2 completed to date, and many have not even started construction or are on hold. Dubai Select on the other hand now have 4 projects in Dubai, 3 are well underway construction-wise (albeit subject to the same delays as everyone else) and the 4th was launched today. Do the math.


whats the 4th project they have launched?

^^ http://www.skyscrapercity.com/showthread.php?t=543434

Are we talking 2007 or 2011?

No way they will be 3:0 up by 7 mins past 8pm or even 11 mins past 8pm for that matter, like your confidence though :).

Naz, no need to be so Nazty! You're clearly an intelligent person yourself, even though you try hard to hide it ;). I like to keep a balance of opinion on the DS threads, no way I want them to fail, just trying to keep them on their toes.

Quality will be better than Nakheel and Emaar, if the latter's current finished developments are to go by.

Yes how can we argue with your comparison of DS's imaginary completed properties with Emaar and Nakheel's completed properties. :|

if DS is planing on having Bosch or similar quality appliances in BC, then that would put them above Nakheel & Emaar.

They are also using the same contractor Emaar uses, which is DCE. The Dubai office told me that the quality in BC will be better than the Point, because Marriott demanded high specs for all the 3 towers. Marriott is planning to use the apartments in the other two towers and want them to be of high standards fit to a 5 star hotel.

Glover

The DS contract spec'n does not state what quality of appliances will be fitted, but they do not include some of the basic appliances I would expect e.g. microwave, integrated washer/dryer, etc. So basic spec'n is poor compared with Atlantic for example.

When I queried this, I was told this would be covered in the additional furniture pack

the answer i got is that we will be getting a fridge, a cooktop (with oven), no dishwasher, washer/dryer or microwave. the brand will be either bosch or i think fisher paykel. that will put the quality way above Emaar, which uses, at least in my place in al-sahab, Ariston.

if they advertise BC as the only five star hotel & residence in dubai marina, then they better deliver.

but you are right, i wish all appliances were included!

Hi morris I think its round one to us, see new blog set up by project manger, plus promise of web cam on site. See if DS will match this.

Hi morris I think its round one to us, see new blog set up by project manger, plus promise of web cam on site. See if DS will match this.

Sounds great, I doubt DS could come anywhere close to matching it.

OK sorry, let me rephrase. It can't possibly be any shitter than Emaar and Nakheel. Hello...have either of you actually been inside any Nak/Em properties of late????

(oops, no pun intended!)


well the old town is marvellous ;) and the shorelines are not so great though i have better hopes for the golden miles

the answer i got is that we will be getting a fridge, a cooktop (with oven), no dishwasher, washer/dryer or microwave. the brand will be either bosch or i think fisher paykel. that will put the quality way above Emaar, which uses, at least in my place in al-sahab, Ariston.

if they advertise BC as the only five star hotel & residence in dubai marina, then they better deliver.

but you are right, i wish all appliances were included!

BOSCH produces those also in Turkey liek LG and Samsung do. Since I'm in that business I will take nowdays the brand-name with a pinch of salt. Gone are the days when the brand was a clear presentation of the quaity of the product itself.

Sounds great, I doubt DS could come anywhere close to matching it.

You can set one up Morris, you run the DS campaign anyway :lol::banana:

Dont worry Mackie, when our crane swings out over the extended balconies the web cam will pass over the BC site

09/November/2007

Bay Central

http://img212.imageshack.us/img212/8011/imresolt143sp9.jpg (http://imageshack.us)

http://img180.imageshack.us/img180/6261/imresolt144li8.jpg (http://imageshack.us)

http://img212.imageshack.us/img212/9778/imresolt145ci2.jpg (http://imageshack.us)

http://img180.imageshack.us/img180/584/imresolt146ji9.jpg (http://imageshack.us)

http://img118.imageshack.us/img118/1196/imresolt147xr6.jpg (http://imageshack.us)

Imre

Thanks for the great photos

has the design been changed ? on that foto it looks quiet different ....

^^ The East and West towers were reduced in height since the original render.

^^ apart from that ...

Can I have an advice please on views from a 2 bed type 4A in the central tower? Thanks.

A cautionary tale copied from the Manchester Evening news and posted on the Bonnington Tower thread. Thought it may be relevant to here!

Towering fury
Amanda Killelea
22/10/2007

FURIOUS residents in Manchester's tallest building are planning to launch a multi-million pound legal action claiming they are victims of broken promises.

Apartment owners in Hilton Tower say they were promised priority use of all facilities in the building's 5-star hotel - including room service to their door.

And investors claim they were also told the hotel would lease their apartments from them for use as suites.

But now it appears that the apartments have no link with the hotel at all, prompting a group of about 30 residents to take legal advice.

One investor told the M.E.N. he had paid £350,000 for an apartment, purely because he was led to believe the hotel would rent it from him as a suite.

That hasn't happened and his property has now been valued at just £250,000.

Carl Austin, who owns a two-bedroom apartment on the 27th floor, said: "It is like paying for a top of the range car with all the extras, only to end up with the basic model.

Misrepresentation

"My solicitor thinks I and the other residents have a good case for fraudulent misrepresentation."

The skyscraper has 47 floors, with the first 23 floors taken up by the 5-star hotel and the remaining higher floors made up of private apartments.

Mr Austin claims that the sales team assured him residents would get free use of the hotel gym and health club, priority bookings at the bars and restaurants and be able to order room service to their apartments.

He says potential buyers were also told that if they were away for any long period of time, there would be the chance to lease their apartments to the hotel to hire out as a suite.

But since residents moved in, they have learned that none of the claims were true.

Mr Austin said: "Use of the hotel facilities was one of the things that attracted me. But all the promises the sales team made to me when I was buying the apartment have fallen flat.

"Apartment residents cannot use the gym without paying £10 a time, we don't get priority in the bar and restaurants and we can't order room service.

"We can use the hotel, but only like any other person who walks in off the street. And there is no deal where the hotel will lease our apartments from us if we are away.

"When I questioned it with the hotel, I was told the hotel and the apartments are two separate entities - and there was never any agreement that residents could use hotel facilities."

Geoff Edwards, who paid £500,000 for his apartment on the 46th floor, said: "I was told I would get full use of all the hotel facilities, but it was a myth.

"It is a disgrace to promise all these things and not stick to them, it is tantamount to theft."

Mr Austin and other residents are now compiling a dossier of all their grievances to take to their legal teams for consideration.

It is understood that Hilton believe there was never an agreement between them and the apartment residents.

A spokesman for The Beetham Organisation said: "This is an award-winning development, with the Hilton Hotel and its amenities on its doorstep. Whether the Hilton offers neighbours preferential rates is a matter for the Hilton."

^^ You will not be able to use the gym or other facilities in the BC hotel, DS never claimed this. Nor will you be able to get any rental agreement from the hotel. Only room service was ever suggested by DS I think ?

i dont think even in the contract nothing is mentioned??

only room service?

each tower will have its own gym and facilities right?

Nothing mentioned in the contracts so buyers do not expect these services.
Gym, pool etc is provided in each tower separately therefore no need to access hotel facilities.

Hotel management comments included room service etc. for all towers however understand not confirmed.

Room services, with a very high cost…..NO Thank you very much

Pizza Hut are cheaper :lol:

who eats in Pizza Hut ...

^^ You will not be able to use the gym or other facilities in the BC hotel

Sorry Guys!..... Have to wash your own towels too.

Really dont know what is your problem Jeetha - nobody expected anything from BC except buying their propery as anybody else did with other projects in Dubai.

You got any problems that this complex may have privileged services that other projects wont have ?

Typical coments of frustrated wannabe-buyers or whatever it is -

Stay where you came from - better for you and the entire enviroment.

Sorry True Blue but you're wrong, the post is not relevant.

DS have always stated that the residential towers are stand alone facilities having their own swimming pool, gym, etc.

It has never been intimated that the hotel facilities can be used by residents of WT or CT other than paying guests in the normal way that anybody can enter the hotel and use/pay for the facilites. There is nothing in the contract confirming hotel facilities are available as part of the purchase agreement.

The units have NOT been sold with any premium on a "serviced apartment" basis. (The sale prices are the same as an ordinary residential tower anywhere else in the Marina).

It was some 6 months after I signed my contract that DS announced that "room service" would be available, so I was not expecting this anyway, although it is nice the hear DS seem to have negotiated this on investors' behalf.

There was always criticism for the DS "bashers" on this thread that Bay Central was simply a residential tower and nothing more and that the hotel was of little value. It is therefore unfair now to try to cause mischief and and suggest that the post relating to Bonnington tower is relevant here.

Can I have an advice please on views from a 2 bed type 4A in the central tower? Thanks.

Be careful, I nearly bought there 3 months ago, views from 05, 06 (1 bed) and 4A (2 bed ) could be compromised by all the tall towers if you,re looking towards the mouth.When they told me that they have,t any 07 left, I bought elsewhere.Have you considered Botanica?

All those guys bashing select properties, come on guys, give them a break. Rome wasn,t built in a day.

Thanks everyone for your responses, helped to clarify things for everyone who reads the thread. ;)

Greekgirl,

Is the pool at The Jewels long enough for your legs?

http://img101.imageshack.us/img101/3405/the20jewels20poolll7.jpg (http://imageshack.us)


(Please don't tell me you are Naz as I'm still having breakfast.)

^^ Huh?

Thanks everyone for your responses, helped to clarify things for everyone who reads the thread. ;)

Greekgirl,

Is the pool at The Jewels long enough for your legs?

http://img101.imageshack.us/img101/3405/the20jewels20poolll7.jpg (http://imageshack.us)


(Please don't tell me you are Naz as I'm still having breakfast.)

Great, its big.:cheer:

after a lot of thinking...

finally ive bought in bay central :banana:

- apartment 2902 central tower.. 1 bdr at 1490/sq. ft.

THE REASONS WHY I BOUGHT IN BAY CANTRAL:

1. cantral marina location. you just can not ask for a better location. the main competitior was botanica tower. but i feel that BC is better located.

2. presence of a 5-star hotel below your apartment.

3. availability of the option of 5-star room servicing will stand out from the rest.

4. 15 year lengthy payment plan: the main reason for my choice as i had limited finance available. i already have 2 mortgages in dubai and hence only developer finance was my option... and it's brilliant that marina has this available in the form of select property.

5. the design of the towers is very sleek and beautiful and will stand out in the marina, hopefully.

THE REASON I BOUGHT CENTRAL 2902:

1. unobstructed full marina view and some sea view as well. i preferred the yacht bay side because it will be awesome.

2. if the al-burj is built where we all think it's going to be, then there is a high probability that the west side apartments at a good height will have it's view.

DISADVANTAGES:

1. completion date: still 2-3 yrs ahead, and hence rental returns will not be available till then.

2. slightly more expensive than what i was expecting... i'm very hopeful it will pay back in long term

i can't think of any other disadvantage to be honest....:yes:




......

QED

^^Straight away, after everyone telling me the 5 star hotel has nothing to do with the buying decision in BC, we have a buyer quoting 2 out of 5 reasons why the 5 star hotel was instrumental in their decision.

So if the 5 star hotel idea dissolves in a few years no one will be annoyed and feel cheated? :ohno:

^^^ you have a valid point, but the thing here is that BC prices don't reflect a 5 star hotel service. so no one paid extra for that. if it turns out in the future they will not be serviced, the hotel is still going to be there. just saying that the apartment is located in a 5 star hotel complex will be a very good selling/rental point and that would put it above the other developments in the marina imo.

Congratulation DR.

Just a though.

What if.... DS starts selling, the 3 tower (hotel) as apartments?

after a lot of thinking...

finally ive bought in bay central :banana:

- apartment 2902 central tower.. 1 bdr at 1490/sq. ft.

THE REASONS WHY I BOUGHT IN BAY CANTRAL:

1. cantral marina location. you just can not ask for a better location. the main competitior was botanica tower. but i feel that BC is better located.

2. presence of a 5-star hotel below your apartment.

3. availability of the option of 5-star room servicing will stand out from the rest.

4. 15 year lengthy payment plan: the main reason for my choice as i had limited finance available. i already have 2 mortgages in dubai and hence only developer finance was my option... and it's brilliant that marina has this available in the form of select property.

5. the design of the towers is very sleek and beautiful and will stand out in the marina, hopefully.

THE REASON I BOUGHT CENTRAL 2902:

1. unobstructed full marina view and some sea view as well. i preferred the yacht bay side because it will be awesome.

2. if the al-burj is built where we all think it's going to be, then there is a high probability that the west side apartments at a good height will have it's view.

DISADVANTAGES:

1. completion date: still 2-3 yrs ahead, and hence rental returns will not be available till then.

2. slightly more expensive than what i was expecting... i'm very hopeful it will pay back in long term

i can't think of any other disadvantage to be honest....:yes:




......

Congratulations on your purchase, well done. :cheers:

I wouldn't worry about True Blue's comments, he's just jealous coz The Jewels don't have a bar downstairs and he's going to have to walk down the road in the blistering heat to get himself a Babycham. :lol:

Good point about the Al Burj views, could mean the West side view will end up better after all, but it's only speculation at the moment of course.

Are you sure though you've bought a one bed and not a two bed ?? There aren't any one beds this large. Apartment 2902 looks like 828 sq ft from the plans I've seen.

Just a though.

What if.... DS starts selling, the 3 tower (hotel) as apartments?


That was the point I was trying to make. The Hilton hotel was used as a marketing ploy to sell apartments in the tower in Manchester at a premium for the developer. Could this be what DS are up to here? That unique selling point sales consultants talk about.

The question, Morris, is then, if the hotel pulls out or DS change their strategy to make it all residential, would the investors be happy with the price they paid? Would you be happy with your bar downstairs evaporating. Is the Hotel a marketing ploy to get top dollar for their sales?

.........I wouldn't worry about True Blue's comments, he's just jealous coz The Jewels don't have a bar downstairs and he's going to have to walk down the road in the blistering heat to get himself a Babycham. :lol:



^^Jealous? Atleast The Jewels has a downstairs!!! :lol:

That was the point I was trying to make. The Hilton hotel was used as a marketing ploy to sell apartments in the tower in Manchester at a premium for the developer. Could this be what DS are up to here? That unique selling point sales consultants talk about.

The question, Morris, is then, if the hotel pulls out or DS change their strategy to make it all residential, would the investors be happy with the price they paid? Would you be happy with your bar downstairs evaporating. Is the Hotel a marketing ploy to get top dollar for their sales?

Well.............perhaps you have a point I suppose. What you suggest is always possible of course. No, I wouldn't be happy if the hotel dissappeared and if I'm completely honest yes it did play some part in my decision to purchase in BC. I suppose that's a risk you have to take into account but can I ask you this...........in your opinion True Blue are DS charging a premium for the hotel ??

^^Jealous? Atleast The Jewels has a downstairs!!! :lol:

:lol:

I am wondering if units 1 and 10 on the 12th floor could have a view OVER marina quays' short towers.
I am confused cause it's been said that marina quays are 12 floors and then 9 floors.
That is if they are counting the ground and mezzanine. But I am not sure wether BC is counted or not. So will I be able to look over them from the 12th of BC.
Thanks and looking for your kind advise.

but they really don't have to do that to sell the units, do they! i think you are way stretching it here!

That was the point I was trying to make. The Hilton hotel was used as a marketing ploy to sell apartments in the tower in Manchester at a premium for the developer. Could this be what DS are up to here? That unique selling point sales consultants talk about.

The question, Morris, is then, if the hotel pulls out or DS change their strategy to make it all residential, would the investors be happy with the price they paid? Would you be happy with your bar downstairs evaporating. Is the Hotel a marketing ploy to get top dollar for their sales?

...........in your opinion True Blue are DS charging a premium for the hotel ??


At launch the cheapest 1 bed was 1175aed/sq.ft. Compare that to Silverene in the same area at around the 1000aed/sq.ft.

Answer, yes DS are charging a premium.

^^^They are charging more now for the Botanica than current market prices and there is no hotel there. They are just a little bit more expensive than others! in return, they are promising higher quality!

Congratulation DR.

Just a though.

What if.... DS starts selling, the 3 tower (hotel) as apartments?

I luv you jeetha, hope you are a bloke:kiss:

At launch the cheapest 1 bed was 1175aed/sq.ft. Compare that to Silverene in the same area at around the 1000aed/sq.ft.

Answer, yes DS are charging a premium.

Well you're entitled to your opinion of course.........but on this simple assumption then...... an even bigger premium is being charged for the likes of Trident Grand Residence and Katherine Price Mondadori and they don't even have a hotel. So they're getting even more ripped off ?? Silly buggers could have had exactly the same thing in Silverene for 1,000 per sq ft !!!! :lol:

I don't really know why I'm discussing this topic really.......anyway if you look at Marriott Hotels website remember there was a news item going back to May this year whereby they confirmed the hotel will be looking to open in 2010. So only the most incredibly cynical person would believe this is a DS hoax.

Anyway that's enough of True Blue :lol: Here's the link:

http://www.marriott.com/news/detail.mi?marrArticle=168058

I've copied it below and highlighted the important bit towards the bottom.




Marriott International to Add 16 Hotels, 3,515 Rooms in Middle East Over the Next Three Years

Marriott Announces 8 New Hotels for UAE Today; All 8 Hotels will Open in 2009

CONTACT:
June Farrell
(301) 380-7796
june.farrell@marriott.com


Washington, MD - 1 May 2007 -
Marriott International, Inc.’s (NYSE: MAR) Middle East lodging portfolio is expected to increase by 54 percent over the next 36 months as the company adds 16 hotels offering 3,515 rooms through 2010. The additions build on Marriott’s pledge at the 2006 Arabian Travel Market to increase its Middle East room supply by more the 250 percent over five years.

“Middle East tourism is expected to grow significantly over the next decade. We intend to share in this growth by offering a wide range of hotel choices for luxury, deluxe, upper moderate and extended stay travelers,” said Ed Fuller, president and managing director of international lodging for Marriott.

“Recently the World Travel & Tourism Council predicted that tourism will claim about 10 percent of all Middle East investment each year through 2016,” he added. “It is clear that local investors and developers have recognized that travelers prefer our hotel brands and that we have the strongest distribution channels and marketing muscle to virtually ensure a hotel being a success from Day One,” Fuller added.

The Middle East growth is part of Marriott International’s global strategy to increase its hotel portfolio by 85,000 to 100,000 rooms over the next three years with nearly 30 percent of this growth coming from outside the U.S. and Canada.

Half of Marriott International’s new Middle Eastern hotel openings will be in the United Arab Emirates (UAE). In 2009, the company plans to open and manage eight hotels in the UAE and make its entry into the Emirates of Ras Al-Khaimah and Sharjah.

Announced today are the following eight hotels:

• The 300-room Ras Al-Khaimah Marriott Resort & Spa. The hotel will join the Marriott lodging system under an agreement with Azuri International FZC. The resort will be part of a large mixed-use development on a man-made bay and will have a 300-meter beachfront. The resort will offer an all-day restaurant, two specialty restaurants, a lobby lounge, themed bar with evening entertainment and a pool bar & grill. Other amenities will include a spa with seven treatment rooms, two outdoor swimming pools (one specifically for families), a kids’ play area with a shallow kids’ pool, two tennis courts, and a water sports and dive center. The resort will also boast a 6,000-square foot ballroom and four 500-square foot interconnecting meeting rooms.

• The 248-room Sharjah Marriott Resort & Spa. Owned by His Highness, Sheikh Abdullah bin Mohamed Al-Thani, the resort will be situated on a 20,500-square meter beachfront site on the “corniche”, close to the border between Sharjah and the Emirate of Ajman. The resort will have three restaurants and a non-alcoholic lobby lounge, a cigar lounge and a pool café and grill. Its lobby will feature Marriott’s new open-space “great room” concept. For social events and conferences, the resort will have 16,054 square feet of meeting space and six additional meeting rooms. Other amenities will include a full spa, a health and leisure club, an outdoor themed swimming pool for families with an adjacent kids’ playground/crèche area, and a water sports/leisure center.

• The 125-unit Marriott Executive Apartments (MEA) Sharjah. Also owned by His Highness, Sheikh Abdullah bin Mohamed Al-Thani, the property will offer residential-style living combined with the indulgences of deluxe hotel services. Each tastefully appointed apartment will have a fully equipped kitchen, washer/dryer, security safe and storage, dedicated work area and desk, double phone and fax lines with voice mail and private line, as well as TV and VCR. For dining and recreation, the property will share facilities with the adjacent resort but will also have an informal food kiosk with an internet café, a private residents’ lounge and a fitness room.

• The 170-room JW Marriott Hotel Dubai Lifestyle City. Owned by ETA Star Projects LLC, the hotel will be the second luxury-tier JW Marriott branded property in Dubai. It will be located adjacent to the Dubai Lifestyle City golf course and will include 102 chalets, 68 spacious guest rooms, three restaurants, a 400-square meter ballroom for social events and conferences and a 2,500-square meter spa.

• The 152-room Courtyard by Marriott Dubai Lifestyle City. Also owned by ETA Star Projects LLC, the property will be connected to the JW Marriott Hotel by an underground tunnel and will be situated next the Sports Academy. Serving upper moderate-tier travelers who require consistent, welcoming accommodations and an informal, warm atmosphere, the hotel will have an all-day dining restaurant.

• The 46-unit Marriott Executive Apartments Dubai Lifestyle City.The third Marriott International brand in ETA Star Projects’ Dubai Lifestyle City development will be located next to the Courtyard hotel and will be connected to the Courtyard by an underground floor. Like other MEAs, the property will be comprised of one-, two- and three-bedroom apartments and will have a small food and beverage outlet among its other amenities.

• The 356-room Renaissance Dubai Motorcity. Owned by Union Properties PJSC, the hotel will be situated on the southwestern part of Dubai Motorcity’s race circuit along Sheikh Zayed Road. It will be connected to a retail mall and will occupy the lower 22 floors of a 45-story tower. A deluxe category hotel designed for travelers for whom living life to the fullest is a primary objective, the contemporary and sleek Renaissance Dubai Motorcity will have 35 suites with balconies that face the race track. For dining and entertainment, the hotel will have three restaurants, a sports bar and a lobby lounge. Recreational amenities will include a health club, two swimming pools and a 14,000-square foot luxury spa. For social events and conferences, the hotel will offer 15,516 square feet of conference space.

• The 250-room Courtyard by Marriott Dubai Motorcity. Also owned by Union Properties PJSC, the hotel will be part of the Formula 1 Theme Park section of the complex and will be situated on the northeastern part of the race circuit. It will be enough like home to provide comfort, security and escape while also enabling guests to stay on top of their work requirements and to have easy access to connectivity.

“When these eight hotels open in the UAE, the Marriott International lodging portfolio will more than double in that country in terms of properties and rooms,” said Mr. Fuller.

Also opening in 2009 are the previously announced 171-unit Marriott Executive Apartments Cairo Nile Dolphin and the 300-room JW Marriott Aqaba Resort in Jordan.

Other Marriott International hotels scheduled to open in the Middle East over the next 36 months are the following previously announced properties:

• 190-unit Bahrain Marriott Executive Apartments (2007)
• 257-room Renaissance Doha Hotel (2008)
• 204-room Courtyard by Marriott Doha (2008)
• 123-unit Marriott Executive Apartments Doha (2008)
• 323-room Renaissance Bahrain Amwaj Island Hotel (2008)
• 300-room Renaissance Dubai Marina (2010)

The Marriott International lodging portfolio in the Middle East currently consists of 22 hotels in seven countries, offering 6,557 rooms, spanning five lodging brands. Marriott opened its first hotel in the Middle East in 1980, the 375-room Riyadh Marriott hotel in Saudi Arabia. These numbers do not include hotel and room counts operated by the company’s The Ritz-Carlton Hotel Company LLC which is a separate business unit.

MARRIOTT INTERNATIONAL, INC. (NYSE: MAR) is a leading lodging company with nearly 2,900 lodging properties in the United States and 67 other countries and territories. Marriott International operates and franchises hotels under the Marriott, JW Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and operates vacation ownership resorts under the Marriott Vacation Club, Horizons by Marriott Vacation Club, The Ritz-Carlton Club and Grand Residences by Marriott brands; operates Marriott Executive Apartments; provides furnished corporate housing through its Marriott ExecuStay division; and operates conference centers. The company is headquartered in Washington, D.C., and had approximately 151,000 employees at 2006 year-end. It is ranked as the lodging industry’s most admired company and one of the best places to work for by FORTUNE®. The company is also a 2006 U.S. Environmental Protection Agency (EPA) ENERGY STAR® Partner. In fiscal year 2006, Marriott International reported sales from continuing operations of $12.2 billion. For more information or reservations, please visit our web site at www.marriott.com.

:blahblah:

:blahblah:

For all we know you're probably a bloke, with a big hairy arse. :lol:

^^Did you have to go and destroy my evening Morris:)
Russia is doing this at football already :bash: Poor TrueBlue he is probably heart broken by now.:banana:
Finally Israel does something good, England nearly in . :)

For all we know you're probably a bloke, with a big hairy arse. :lol:

:ohno:naughty boy.

---------------Deleted------------

morris....

1490 / sq.ft was the price that i paid in AED. sorry for the confusion. a bit expensive... i feel

the marriott article was great... thanks


true blue...

if DS pull out the hotel bit at a later stage... then, off course, i will be very distressed and annoyed... i have paid AED 1490 / sq.ft keeping these points in mind... otherwise probably i wouldn't have bought it.

we will have to stay optimistic...



....

morris....

1490 / sq.ft was the price that i paid in AED. sorry for the confusion. a bit expensive... i feel

the marriott article was great... thanks


true blue...

if DS pull out the hotel bit at a later stage... then, off course, i will be very distressed and annoyed... i have paid AED 1490 / sq.ft keeping these points in mind... otherwise probably i wouldn't have bought it.

we will have to stay optimistic...



....

We have to be sensible here and bear in mind that it's very unlikely the hotel will pull out. We've no indication of anything whatsoever to give any concern at this stage. Remember BC is in the very best location in the Marina and would be very much sought after by any hotel developer. The subject is only being discussed as True blue posted something relating to another totally unconnected development. Has been an interesting talking point to while away a few hours I suppose, but nothing more than that. :)

Also, if the Day of Judgement comes, or my mate Dave is arrested for smuggling "Dwarf Pornography", then that will truly spoil the return on investment in my property and i'll be pretty annoyed about it. Still, we have to stay optimistic, all of us.

^^ :lol::lol::lol:




...

whats happend too the AED.. my next payment is due.. gone down too 7.2

whats happend too the AED.. my next payment is due.. gone down too 7.2

Is that with HiFX? I think you should get at least 7.4...
http://www.hifx.co.uk/marketwatch.aspx

The USD is still fixed to the AED right? :?


Thnks Sunny - will have to think how to disolve my USD funds then ....

The USD is still fixed to the AED right? :?

Currently, yes.
GCC members will be having a meeting 3rd and 4th Dec to work out whether to break usd peg and move to a currency basket...

more info here...http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21046042.htm

Currently, yes.
GCC members will be having a meeting 3rd and 4th Dec to work out whether to break usd peg and move to a currency basket...

more info here...http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-21046042.htm

how will this effect the £/Dir exchange rate. Will it go up/down? any financial experts in this forum??

Also, if the Day of Judgement comes, or my mate Dave is arrested for smuggling "Dwarf Pornography", then that will truly spoil the return on investment in my property and i'll be pretty annoyed about it. Still, we have to stay optimistic, all of us.

Is that the movie where the Lead Actor spends most of the time trying to jump onto the bed but couldn't reach.... :runaway:

The USD is still fixed to the AED right? :?


Thnks Sunny - will have to think how to disolve my USD funds then ....

Moved 3% today, not sure what the peg range is,but over the weekend commercial rates went down fast 7.6 to 7.3 in sterling terms in 24 hours

today rate

money corp 7.26

hifx 7.44

dont know what gonna happend after is unpeged from the dollar

^^^^ try www.interchangefx.com i have been using them for 2 years the rates are higher here than hifx or moneycorp. Also interchange are more personally after dealing with them for quite a while hey do not require any deposit from me for a forward contract. Very good service from interchange

I have been using HIFX for over 2 years now and not impressed with their service. Don't issue receipts for deposits, don't issue account statements to prove how much money they are holding in your name and failed on a number of occasions to issue transaction confirmations. Just keep going back as too lazy to register with someone else. :bash:

i went through the contract I got from BC a couple of days ago. found the following two things:

A. In the Contract Itself:

1. Interpretation
"Project": the mixed-use development known as "Bay Central", located in Dubai Marina, Dubai, United Arab Emirates, 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.

B. In a separate sheet called Bay Central, Frequently Asked Contract Questions:

Q. Who will operate Bay Central as a mixed-use development after completion?
A. Marriott International (NYSE:MAR) will manage the Renaissance-branded hotel at Bay Central Dubai Marina. Select Group has agreed a long-term venture with Renaissance to operate the five-star International hotel at Bay Central, bringing their vast and undisputed expertise to the provision of amenities and service for the benefit of residents in each of the three towers as well as short-term guests.

clearly, from these two paragraphs, Dubai Select will be in breach of contract if there was no hotel in Bay Central and/or if Marriott was not involved in managing it and providing services to the three towers!

how will this effect the £/Dir exchange rate. Will it go up/down? any financial experts in this forum??

I wouldn't call myself an expert....but here goes my personal point of view:
[Mods - Please move to correct investment threads after a while!]
Fact 1: Oil is not going to get any cheaper - price per barrel in range $80-$100
Fact 2: China and India consuming even more natural resources
Fact 3: Most oil producing countries now openly talking about pegging their currencies to a basket of currencies - Kuwait has led the way (but has kept the exact currencies that are in the basket a secret)
Fact 4: The Euro will probably make up a significant amount of the basket
Fact 5: Sterling is also falling (especially against Euro and Yen) - if UK house prices stagnate or deflate then this will bring the currency down as well
Fact 6: UK BoE will probably cut interest rates if UK house prices are under threat - this may be exactly the same way the US FED cut rates

OK - with all those facts I believe the AED will be much stronger in the future, once they have de-pegged from USD. However, please do not take this as investment advice as I could be very wrong!

Is there a particular time you'd like this moved to the relevant thread, or are you not fussy like that? :dunno:

Is there a particular time you'd like this moved to the relevant thread, or are you not fussy like that? :dunno:

I am not fussy! :lol:

My advice to you Naz: Get a dictionary, finish your GCSE studies, then change your signature to spell abode correctly....:bash:

I am seriously looking at investing in a one bed in Q1 Tower in Queensland Australia and wondered if anybody can give me some figures around what sort of rental yield I could expect to achieve please.

^^ must be talking of The World right ? :nuts:

just checked xe.com and the rate is still where you would expect, pound vs dollar did weaken at end of last week but has picked up again.

Live rates at 2007.11.21 14:21:33 UTC
1.00 GBP = 7.55798 AED
United Kingdom Pounds United Arab Emirates Dirhams
1 GBP = 7.55798 AED 1 AED = 0.132311 GBP

But why is it when you get a quote from a dealer its always below xe rates? is that their profit margin?

i.e the quote i had today was £=7,440 AED whilst at the same time xe rate was 7.558.

there is a rumour in money market of devaluation of AED against $ this weekend!

Rates quoted are cable rates, if you can get 7.44 at the moment thats very good. most can only get a dealer to deal in the 7.3 7.4 range, because the spread has widened a lot.Its only when you try to buy and complete a deal that the true figure comes out.

there is a rumour in money market of devaluation of AED against $ this weekend!

Devaluation????? What the dollar will be worth more AED????
How is that possible? Maybe they will reasess the peg... and UAE would probably move it up not down!

URL about Kuwait here: http://www.forbes.com/afxnewslimited/feeds/afx/2007/11/21/afx4362714.html

As you say only a rumour!

http://www.hifx.co.uk/marketwatch.aspx

BID 7.34 ask 7.56 Buying will be underthe bid price,these are interbank rates

Devaluation????? What the dollar will be worth more AED????
How is that possible? Maybe they will reasess the peg... and UAE would probably move it up not down!

URL about Kuwait here: http://www.forbes.com/afxnewslimited/feeds/afx/2007/11/21/afx4362714.html

As you say only a rumour!

Re-pegging effectively as AED is loosing value in line with $ sorry u r correct not a devaluation!

Rcvd call from Select this morning if interested in Botanica etc - asked what would be situation re AED/USD - 3 hours later they were sending this :

BREAKING NEWS...

Are you aware that the Dirham maybe
un-pegged from the US Dollar?

For years the Dirham has been pegged to the US Dollar, but there is now mounting speculation in the banking world that the Dirham/Dollar will be dropped, with the Dirham being pegged to a ‘basket of currencies’ instead.


What will that mean?

It’s great news for investors, as pegging the Dirham to a ‘basket of currencies’ will mean long term stability in the Dubai market.

However, it also means that the favourable exchange rates which have been enjoyed over the past few years may no longer exist.

We therefore felt it was appropriate to make you aware of this situation as you may decide you want to forward book your payments while it remains such a strong exchange rate.

- anyway - FYI ...

The talk in the market is that the dirham is likely to remain pegged
to the dollar..but the current dollar:dirham ratio(1:3.67) would be revalued
to strenghten the dirham..
The burning questions :- When ??? by how much??? are still anybody's guess.

I forward booked for 1 year of 4 payments at 7.22, 7.14, 7.08 and 7.03 for 2008 and got 7.32 today.

so if we have large amounts to pay in the next year or so, then it would be recommended too fix your rate now?

for the next 24 months right??

so if we have large amounts to pay in the next year or so, then it would be recommended too fix your rate now?

for the next 24 months right??

Million dollar EURO question!!!!

Depends on your attitude to risk. Do you want to constantly watch the currency markets or are the rates you are getting now ok?

yes may be best to fix now since rate may be between 6 and 6.5 very soon due to revaluation.

moneycorp need only 10% of total forward contracts but rate declines over time due to interest they need to pay.

hifx need last payment in advance

Any one who has a 2 bed with marina views in central tower and wants to sell please contact me.

anyone knows how many floors is the basement in BC!

^^anyone knows how many floors is the basement in BC!

Not sure if its 3-4, but i was told the basement has Villas and shops. Anyone know more about the villas?

IM SELLING MY ONE BEDROOM MARINA FACING, 21 FLOOR, CENTER TOWER.. ANYONE INTERESTED PLEASE PRIVATE MESSAGE ME.

according to the latest maps - what would be the nearest public transport then apart from the bus services ?

the Tram. it will be minutes away, by either walking toward Park Island, or toward JBR's the Walk through the road between al-fattan and JBR. I am glad that the tram is not going to run along BC's road. it could be an additional source of noise/pollution in such proximity.

^^ it doesn't look like there is much place for the tram in either of them!

http://i10.tinypic.com/8efq2qh.jpg

http://i16.tinypic.com/6l1pams.jpg

IM SELLING MY ONE BEDROOM MARINA FACING, 21 FLOOR, CENTER TOWER.. ANYONE INTERESTED PLEASE PRIVATE MESSAGE ME.

i am interested in your 1br, please send details,
Thank You
Stephan

Hi Guys,

I have been reading this forum for quite some time and have found it very informative and interesting so I have now joined. I have property in the development and intend to move over once complete. I have allowed extra time though and will be moving in June 2011. Hopefully the development will be ready by then!

Nice to know we will have some neighbours. :banana::grouphug:

Hi DXB,

congrats and welcome !

Here you will find some owners as you might have noticed.

Where will you be located in the towers ( apart from the bar downstairs ) ?

:cheers1:

have couple of one bedrooms in central tower. but plan live in west tower apartment 3803. of course most of the time will be in the bar down stairs

:cheers:[QUOTE=DXBGO;16844481]have couple of one bedrooms in central tower. but plan live in west tower apartment 3803. of course most of the time will be in the bar down stairs[/QU

http://i4.tinypic.com/8g72wdv.jpg

IM SELLING MY ONE BEDROOM MARINA FACING, 21 FLOOR, CENTER TOWER.. ANYONE INTERESTED PLEASE PRIVATE MESSAGE ME.

Please can u give me some details plus price.Thanks.

Please can u give me some details plus rice.Thanks.

I HAVE A ONE BEDROOM IN THE CENTER TOWER MARINA FACING

21 FLOOR APARTMENT 1 TYPE C LOOKING DOWN THE RIGHT SIDE OF THE MARINA

SELECT PROPERTY DONT HAVE ANY GOOD MARINA FACING APARTMENT LEFT ONLY BACK ONES FACING THE OASIS TOWERS WITH NO DECENT VIEW, WHICH NO ONE WANTS.. IM ONLY SELLING DUE TOO BUYING ANOTHER LARGER PROPERTY WHICH IS WHY I CANT AFFORD TOO KEEP BOTH...

I LOOKING AROUND 1.2 AED AND OPEN TOO OFFERS

SELECT SAY PRICES OF HIGH FLOOR AND GOOD MARINA VIEW COME WITH EXTRA PRIEMIUM... PRICES HAVE ALSO INCREASE 15%

^^ PM or Email Each other and why Capitials:bash::bash:

^^ but he was only asking for rice .... :)

I HAVE A ONE BEDROOM IN THE CENTER TOWER MARINA FACING

21 FLOOR APARTMENT 1 TYPE C LOOKING DOWN THE RIGHT SIDE OF THE MARINA

SELECT PROPERTY DONT HAVE ANY GOOD MARINA FACING APARTMENT LEFT ONLY BACK ONES FACING THE OASIS TOWERS WITH NO DECENT VIEW, WHICH NO ONE WANTS.. IM ONLY SELLING DUE TOO BUYING ANOTHER LARGER PROPERTY WHICH IS WHY I CANT AFFORD TOO KEEP BOTH...

I LOOKING AROUND 1.2 AED AND OPEN TOO OFFERS

SELECT SAY PRICES OF HIGH FLOOR AND GOOD MARINA VIEW COME WITH EXTRA PRIEMIUM... PRICES HAVE ALSO INCREASE 15%

hi beppe what is the sq footage of the apartment you are selling
^^

hi beppe what is sq footage of the one bed you are wanting to sell

^^ but he was only asking for rice .... :)

hi caesar thanks for welcoming me finally managed to get my log in sorted. wonder how much rice he wants

http://i17.tinypic.com/6l8pmab.jpg

http://i10.tinypic.com/6xliue8.jpg

Nice pics Mackie!

Thanks :cheers:

:bash::bash:hi guys any ideas how much a 2bed apartment on JBR high floor sea and marina facing would be to buy

:bash::bash:hi guys any ideas how much a 2bed apartment on JBR high floor sea and marina facing would be to buy

errrr....why you asking this in BC thread?

my range guesses:

min - 1.8m
avg - 2.2m
high - 2.6m

:)

Note placed for buyers of Select Property:

IMPORTANT ESCROW INFORMATION

We are very pleased to communicate that all payments for your property purchases in Dubai will now be covered by an Escrow Agreement in accordance with Dubai's new Law No.8 concerning Guarantee Accounts for Real Estate Developments in Dubai.

Dubai Select LLC has completed the requirements of the Dubai Land department ahead of the stipulated deadline and obtained Real Estate Regulatory Authority (RERA) approval, copies of which (in original Arabic) are available from Select Property.

Subsequant to RERA approval, Escorw Accounts have now been established with Dubai Islamic Bank (one of the RERA approved banks) which means all your future payments must be sent to Dubai Islamic Bank with specific and clear instructions.

THE DETAILS OF THE UNIQUE ESCROW ACCOUNT RELATING TO YOUR APARTMENT OR APARTMENTS CAN BE FOUND BY VISITING THE APARTMENT DETAIL PAGE ON 'MY SELECT PROPERTY' OR BY CALLING MEMBER SERVICES ON 0870 428 1935

If you are in anyway unclear about these instructions or would like to discuss this matter further please contact us as soon as possible, however we have anticipated some frequantly asked questions for which answers are provided below

Great news for all Select Property Dubai Investors!!!

The only thing that niggles me is that payments from now on go to the new escrow account. What happens to the previous payments to the Barclays escrow account? I would have thought they move the funds straight into the DIB one? Will BC investors end up with 2 escrow accounts? One managed by Barclays and one by DIB?

Anyway, on the whole very happy that this law has been implemented.:)

Good news for us but are Damac f****d????

Great news for all Select Property Dubai Investors!!!

The only thing that niggles me is that payments from now on go to the new escrow account. What happens to the previous payments to the Barclays escrow account? I would have thought they move the funds straight into the DIB one? Will BC investors end up with 2 escrow accounts? One managed by Barclays and one by DIB?

Anyway, on the whole very happy that this law has been implemented.:)

Good news for us but are Damac f****d????


why is it a good thing for us?

Further information as below. I dont understand what they mean by 'all funds previously paid for your property will remail credited to you unit'!!....they better BE!!!!!.....and i thought BS already had this money in Escrow with BARCLAYS anyway....so this money should also be protected in whichever the final escrow...what do you guys think?
.........

Q. What will happen to all funds paid to date?
A. All funds previously paid for your property will remain credited to your unit in the seller’s accounting records. All future payments from now onwards must be made into the Escrow Account above.

Q. What happens if I have just instructed or about to instruct my next payment?
A. If you have already instructed the payment into the Barclays Bank account details supplied to you previously, you don’t need to worry. Upon receipt, the seller will arrange to transfer these funds to the Escrow Account. However, if you have not issued the instructions, then please route your payment to the Escrow Account shown above. All future payments must be sent to the Escrow Account only.
Q. Do I need to contact my exchange broker to inform them of the new detail?

A. Yes, we advise that you contact your exchange broker to inform them of the new bank details if direct debits have been set up. They will need to update your payment contract with them and there should be no charge for this. An exchange broker will typically require ten working days to set-up a new direct debit instruction but we recommend that any update in information is managed three weeks prior to any payment being debited from any account. We ask you to pay particular attention to the detail when filling any instruction form with your bank or broker to ensure the smooth onward transmission of your future payments.
Q. Will this affect my payment amounts?
A. No, the payments originally agreed in your Payment Schedule remain exactly the same. Payments into the Escrow account should be net of any charges by either the sending or receiving bank.
Q. What additional assurance does this offer?
A. Earlier this year the Dubai Government introduced Law 8 concerning ‘Guarantee Accounts of Real Estate Development in the Emirate of Dubai'. The law applies to any company receiving payments for property in new developments that is sold prior to completion or ‘off-plan’.
Every developer must now have to apply to Dubai Land Department to open a ‘guarantee account’, known more commonly as trust or escrow accounts. In order to do this they must submit important documents including the title deed of the plot being developed, approved architectural designs and layouts, a letter of approval from a master developer and a trade license. If these documents are in order, the trust account will be opened according to a written agreement between a developer and the Land Department. Money paid by buyers towards properties will then be deposited in a special account relating to each individual unit held by an approved bank opened under the name of the property development.
The law also states that developers must apply to the trust account manager to release money from the account. The developer must first produce a certificate from a consultant working on the property that a pre-agreed stage of construction has been reached. The trust account manager must then inform the Land Department about the sums being released to the developer.

It seems the last payment they will redirect themselves. Future payments need then to be paid to the new acount:

Q. What happens if I have just instructed or about to instruct my next payment?
A. If you have already instructed the payment into the Barclays Bank account details supplied to you previously, you don’t need to worry. Upon receipt, the seller will arrange to transfer these funds to the Escrow Account. However, if you have not issued the instructions, then please route your payment to the Escrow Account shown above. All future payments must be sent to the Escrow Account only.

why is it a good thing for us?
^^:bash:
Additional protection and safeguards that the developer will not run away with investors money and leave you with a shiny CD containing some beautiful, yet useless computer graphics of what could have been.

So in the beginning when BC was released, and they said they were the only developer with the Barclays Escrow service, that was mainly a way of attracting buyers, since it was not regulated in any way.

So they have now moved away from the Barclays Escrow, to a RERA approved Escorw Account, with Dubai Islamic Bank.

So in the beginning when BC was released, and they said they were the only developer with the Barclays Escrow service, that was mainly a way of attracting buyers, since it was not regulated in any way.

What they said was correct AFAIK - they were first developer to announce escrow protection for their investors in BC. When you say not-regulated that is not correct. For escrow to work you need a 3 way agreement. Before we had Barclays Bank, Emaar and Select Property. Emaar was our protection as Master Planner.


So they have now moved away from the Barclays Escrow, to a RERA approved Escorw Account, with Dubai Islamic Bank.

They have no choice but to 'move' away. It is the LAW!
We now have the Dubai Land Registry as the key 3rd party. They will deal with Emaar as the master planners (as per the protection we had before) and the courts for title deeds etc etc.

In short this is good news - this should prevent issues such as the spanish govt demolishing homes in costa brava as most developments there were on illegal ground.

The bankers probably needed to change as we do not know if Barclays had the means/desire/opurtunity/etc to be on the approved banks list.

^^

Totally makes sense!....Only thing was that in the early days they were the first developer to provide escrow, which was amazing from there side coz it did attract purchasers....

By regulated i meant, they did not have to do it by Law, but they still provided this service.

From a BC buyer point of view, they always had an escrow and still do.

As long as our earlier payments are safe and now regulated by the law...all is good!

^^

Totally makes sense!....Only thing was that in the early days they were the first developer to provide escrow, which was amazing from there side coz it did attract purchasers....

By regulated i meant, they did not have to do it by Law, but they still provided this service.

From a BC buyer point of view, they always had an escrow and still do.

As long as our earlier payments are safe and now regulated by the law...all is good!

Thanks dude! I was clear for once!:banana:

I have asked them directly the question regarding do we have 1 escrow or 2 escrow accounts i.e. one with barclays & emaar or one with DIB & Land Reg or both!

As soon as I have a definitive answer I will let all know!

Found this official website:

http://www.dubailand.gov.ae/rera/english/default.aspx

Unfortuantely, seems to be broken...If RERA need an IT bloke to come over to Dubai with loads of experience just PM me!!!:lol:

Also found this info:

Dubai Real Estate Brokers to be ranked by RERA
In addition to getting registered and certified, real estate brokers operating in Dubai will be ranked by the recently formed Real Estate Regulatory Agency (RERA). Real estate brokers will be issued licenses and then ranked according to an official standard. This move is aimed at curbing the presence of freelance real estate brokers in Dubai.

Apart from managing media advertising related to real estate in Dubai, the Real Estate Regulatory Authority is regulating the trust or escrow accounts that have been made compulsory for all real estate developers. At present, RERA has approved five banks to provide escrow accounts including HSBC, Dubai Islamic Bank and Mashreq Bank. Dubai property developers have six months’ time to open escrow accounts. In addition, the authority will form a new department for undertaking the ongoing registration of freehold Dubai properties. RERA is building a strong real estate database so that in future a better planning can take place. Nakheel, Tameer and Dubai Holding have already signed the pre-registration contract.

RERA also has plans to design real estate training programmes to be conducted by an educational institute. The commission fees charged by brokers will be reviewed by the body. Managing real estate brokers in Dubai is part of the multi-pronged approach the authority has planned to undertake in order to streamline the functioning of the Dubai real estate sector. The body will look after the Strata Law as well – the law that oversees the individual owners’ rights in a communal real estate development.

The Real Estate Regulatory Authority was launched in Dubai on July 31, 2007. The main objective of the body is to develop a world-standard real estate market in Dubai that guarantees to look after the rights and requirements of all kinds of property investors. In addition to its regular operations, the authority regulates real estate related exhibitions, and official research and studies.

Early next year, RERA is planning to introduce standard rental forms and certify all types of real estate rental agreements. For commercial property, 3 to 5 year contracts will be introduced in the wake of difficulties with the currently executed agreements of one year term. The Rent Review Committee under the Real Estate Regulatory Authority will finalize rules regarding the landlord-tenant relation in order to arbitrate and settle rental disputes in Dubai.

http://i15.tinypic.com/8bj713t.jpg
http://i9.tinypic.com/72vjndl.jpg
http://i3.tinypic.com/6xtr1bl.jpg

http://i9.tinypic.com/6yumjc6.jpg

Nice update from Select Property...

Welcome to your construction update from Select Property; detailing the activity on Bay Central during November 2007



Construction update



This picture shows the Bay Central site from the Jumeirah Beach side, facing the Marina.

http://i14.tinypic.com/86jxum0.jpg




Image 2
http://i13.tinypic.com/82vl2bs.jpg






In this image you can see long black cables lined along the floor; these are the anchor ties that give additional support to the retaining shore wall. The depth of the excavation can be realised by the back of the picture.



The excavation will be completed until platform level. This is the level where the pile rigs will start their piling. This level is 2m above the cut of level of the pile. Next the piles will be drilled while excavation continues, then the piles are cut down to the final level.





Image 3
http://i3.tinypic.com/6pi2jxd.jpg




View of the Bay Central plot from Al Majara Tower Dubai Marina.



Image 4
http://i8.tinypic.com/7w9rddz.jpg




The capping beam is nearly complete. (You can see this in the back left of the plot)

The capping beam is a concrete beam that sits on top of the shoring pile wall.





Image 5
http://i16.tinypic.com/8e9meiu.jpg


This image shows the Anchor drilling machines, drilling the tie backs into the shoring wall.

The hole is drilled and the tie is simultaneously inserted and then left to set for 20 days, once ready the tie is then ‘tensioned’.



Image 6
http://i7.tinypic.com/8a1i1sn.jpg




The green pipe shown above is for the dewatering system which is installed and around 65% operational. The de-watering wells are strategically positioned around the Bay Central plot area so that they are not where a pile needs to be drilled. The containers on the right of this picture are for the dewatering and also the storage of Bentonite.



Bentonite is a liquid that is poured into the hole as the piling rig drills down. The Bentonite prevents the sides of the bore holes collapsing.



The other containers (on the left) store equipment at regulated temperatures hence the air-conditioning fans on the outside.



Under the blue sheets are prepared pile cages. These are the steel cages of rebar that provide the re-enforcement for the concrete piles. These are inserted into the drilled bore holes and then the concrete is poured in.

^^ Something not right here.

The shoring is just finishing off and the piling contractor has demobed off the site. No piling rigs are visible in any of the recent pictures. The statement from above that "this is the level where the pile rigs will start their piling" suggests that the bearing piles have not been done.

Are we heading for a suspension? Can someone find out when the main piling will start and be complete?

^^^ thanks. i just sent BC your comments and asked them to comment on them!

five new office cabins are being deployed on site this morning! looks like pace is about to pick up!

^^ Something not right here.

The shoring is just finishing off and the piling contractor has demobed off the site. No piling rigs are visible in any of the recent pictures. The statement from above that "this is the level where the pile rigs will start their piling" suggests that the bearing piles have not been done.

Are we heading for a suspension? Can someone find out when the main piling will start and be complete?

You making me worry, do you mean by suspension that the project will be brought to a halt?

^^ The main piles are the next stage of the construction but they can't do that without the proper equipment onsite. If it does not magically reappear then the works will come to a halt.

We are waiting on comment from DS on this matter.

here is what i got so far.

"Thank you for your email!

The Bay Central plot needs to be excavated to platform level which is why the pile rigs are not on the site at the moment.

Excavation is already underway and this I only expected to take a few weeks.

Hope this clarifies everything.

Kind Regards"

And I replied as follows:

"Thanks. Can you give a time line on when the main piling will start and be complete?"

Will post when I get an answer!

thanks for the update glover




...

SP have confirmed to me that my previous payments in BC will now all be automatically moved from Barclays and held in trust with DIB.

This is good news for us!

:)

Hello there,

this is my first posting...everm morning first site i open is skyscarpercity.com...and check the bay central update as i bought 1 bed apartment on 29th floor towards yacht club side....

this forum is the only way i get more information about my investment..
thank you very much for posting your views here.

i would like to special thanks to IMRE by posting great pictures..

i think the progress is slow though i dont have any knowledge about building devlopment.

once again thank you very much to forum creator also whoever posted their opinion..

Hello there,

this is my first posting...everm morning first site i open is skyscarpercity.com...and check the bay central update as i bought 1 bed apartment on 29th floor towards yacht club side....

this forum is the only way i get more information about my investment..
thank you very much for posting your views here.

i would like to special thanks to IMRE by posting great pictures..

i think the progress is slow though i dont have any knowledge about building devlopment.

once again thank you very much to forum creator also whoever posted their opinion..

WELLCOME TOO SKYSCAPERCITY

HOW MUCH DID YOU PAY FOR YOUR APPARTMENT?

Hello there,

this is my first posting...everm morning first site i open is skyscarpercity.com...and check the bay central update as i bought 1 bed apartment on 29th floor towards yacht club side....

this forum is the only way i get more information about my investment..
thank you very much for posting your views here.

i would like to special thanks to IMRE by posting great pictures..

i think the progress is slow though i dont have any knowledge about building devlopment.

once again thank you very much to forum creator also whoever posted their opinion..

welcome to the forum. i also joined recently but love reading thru comments every evening. going to dubai over xmas will try and get more pictures.
anyone has any suggestions where to celebrate new years eve in dubai.most hotels refuse to book on line or by phone.
any ideas /suggestions would be welcome

hi guys anyone interested in buying a 1 bed apartment in bay central central tower.i am thinking of selling one. PM me.

hi guys anyone interested in buying a 1 bed apartment in bay central central tower.i am thinking of selling one. PM me.

what floor?
what type and facing?
how much?

hi guys anyone interested in buying a 1 bed apartment in bay central central tower.i am thinking of selling one. PM me.

Selling one!
How many do you have?

Selling one!
How many do you have?

1 more than needed !!!:okay:

Here is a little video of my sketchup efforts:

View My Video (http://tinypic.com/player.php?v=86iprie&s=1)

If anyone has the jbr towers or any others in sketchup format then I can add them in!

1 more than needed !!!:okay:

How many do you need ??

^^ one less than he already has ;)

How many does he have already ??

hi, just bought an apartment in the west towers. i have been reading this forum even before my purchase and find it very interesting and informative. Can any one share my thoughts on resale of these apartments. While I see many ads for resale properties even for under construction in dubai marina, i have not seen a single one till date...................any views..............

I thought DS said BC was all sold out ?

Everything DS says is true! lol

^^

I was waiting for that.

True Blue must have modem problems.......:lol:

^^

I was waiting for that.

True Blue must have modem problems.......:lol:

No, just flight problems. KLM cancelled my flights to Dubai. Waiting on rescheduled flights. Morris, you don't work for KLM by any chance!!! :lol:

^^ He might work for Air France :runaway:

No, just flight problems. KLM cancelled my flights to Dubai. Waiting on rescheduled flights. Morris, you don't work for KLM by any chance!!! :lol:

The Pilot probably had too much to smoke at the Grasshopper bar on the Oudebrugsteeg.

You gotta love the Dutch, fantastic place. :lovethem:

Couldnt find SP at the RERA list

http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=598

:cry: