Pearl Properties and Aristocrate Holdings launched a Dh20 billion mixed-use development in Dubai yesterday.

Situated within Dubai Investments Park, The Palisades is primarily a residential development aimed at the mid- to high-income group, according to a senior executive at Landmark Properties, which has been appointed sales and marketing partner of the project.

Pearl Properties is a group company of Sheikh Issa bin Zayed Al Nahyan and was established 18 months ago to develop residential, commercial and retail sectors in the country.

“We have launched the project at a very reasonable price, focusing on the mid segment of the market. Our pre-launch bulk price for one building is Dh588 per square foot,” Craig Johnson, general manager, Landmark Properties, told Emirates Today.

Comprising 20 residential towers housing 1,450 apartments (one-, two- and three bedroom), 36 townhouses and eight luxury villas (two-, three- and four bedroom), The Palisades is spread across an area of about 15 million sq ft. While the first phase of the project, estimated at Dh10 billon, would complete in end 2008, the whole project is due for completion in 2011.

The site work is already under way and construction for The Palisades is expected to start, on schedule, in early2007. “A high level of sales and sales interest is already evident,” said a senior executive at Pearl Properties.

How many residential developments do they have near industrial areas?

http://i15.************/3y7fr7r.jpg

R

http://thepalisadesdubai.com/

R

i like that render, it looks cool

^^ come on man it looks nothing:nuts:

:eek2: :bow: ^^ :bow: :eek2: I like this project. It is simple but, at the same time, elegant. :D

I hear all the villas were bought by one guy on the first day!

lol. i doubt it. they're probably around 4.5million+ each

I hear all the villas were bought by one guy on the first day!

Landmark sells all 44 villas in Phase One of The Palisades

Dubai: Dubai-based Landmark Properties has successfully sold all of the 44 Phase One villas located at The Palisades, one of Dubai's mixed-use real estate developments.

As a result of strong commercial investor interest in The Palisades, Landmark Properties has released another 200 individual apartments at The Palisades.

The Palisades offer both standard and duplex apartments, ranging from 900 to 1900 square feet.

Craig Johnson, General Manager, Landmark Properties, commented: "Landmark Properties' familiarity with the Dubai real estate market combined with the unique features of The Palisades have resulted in a phenomenal market response to Phase One of the project. We have experienced huge sales success for the first phase and have released individual apartments for sale this month and we foresee a very positive reaction to the release of these apartments."

As sole agents, Landmark Properties is responsible for the sale of villas, apartments and town houses within the Dh10 billion project that will eventually be home to over 55,000 when completed in 2008.

^^ these guys seem to be good.

website is great, everything seems reasonably designed and the have a blog with updates on progress etc.

Palisades takes on sustainable spin
by Angela Giuffrida on Saturday, 24 March 2007

The US $4 billion (AED15 billion) ‘The Palisades' project is set to become the first development of its scale in Dubai to incorporate all elements of sustainable building into its construction.

The project will be heavily focussed on reducing energy and water consumption and will feature sewage treatment, grey water recycling and district cooling plants.

Solar hot-water generation will also be incorporated into the development, as well as new standards in thermal insulation and natural ventilation.

Carefully selected building materials and lightweight structural and building systems will be used to reduce consumption of materials in construction and the associated impact on the environment.

"No other development in Dubai, the UAE, or globally is making environmental assessments on a project of this scale," said Stephen Oehme, chief environmental consultant, The Palisades.

"The technologies and methods that we are reviewing are extremely comprehensive.

"Other developers are typically committing to just one or two environmental initiatives and, overall, the environmental initiatives are secondary. At The Palisades, environmental responsibility a primary objectives - we are reviewing over 20 initiatives, which, when combined will result in a world-first in environmental benchmarking."

Oehme added that while developers are gradually taking heed of sustainable construction, they may have been reluctant to use sustainable building practices in the past because of being unfamiliar with the processes and the costs involved.

"There are a lot of materials out there that aren't risky to use, but because of the cost and unfamiliarity, people were just not using them, even though their environmental impact was instantaneous."

R

Thanks D.

Sorry to hijack the tread but can you also just swing around to see what is happening with The Palisades?

Thanks.

Sorry to hijack the tread but can you also just swing around to see what is happening with The Palisades?
.

Can you please confirm me that The Palisades is just in front of Ewan Residence? According to their map it seems so...

Can you please confirm me that The Palisades is just in front of Ewan Residence? According to their map it seems so...

Yup. Sure is. To be precise its the one across the road from Lagoon. Sorta across from between Lagoon and Ewan. Or at least that is what I think where it is ...

Do you have the status?

Yup. Sure is. To be precise its the one across the road from Lagoon. Sorta across from between Lagoon and Ewan. Or at least that is what I think where it is ...

Do you have the status?

Frankly speaking, IF IT IS THE ONE I SAW, they have just finished to put the FENCE around the plot 2 weeks ago (they worked only in the night for it).
But I am not sure that one (in front of Ewan, according to the map they published in their website) is The Palisades.
As soon as I get more info, I will keep you posted.

http://www.thepalisadesdubai.com/

website

and brochure

http://www.thepalisadesdubai.com/admin/assets/palisades_brochure.pdf

Spoke to the Sales manager at pearl properties and she said that the construction is to start in a month and that they will be announcing the awarding of the contract to Arabtec soon...

http://i29.************/22j1c3.jpg

http://i30.************/2uzcsue.jpg

is a monumental architectural vision coming to life in Dubai Investment Park with uniquely styled homes that are highly individual and packed with function. Its leafy open-planned design will give residents the space to evolve into a community with a real sense of togetherness.

The grand vision of its developers, together with the high quality of structural finish, ensure that this will be an iconic development that will stand out in the competitive housing sector.

Further adding to its profile is its immense size and style. The Palisades will be Dubai's largest area of urban landscaped parkland, housing a staggering population of more than 55,000 in property; styled in the Georgian, Regency and Victorian era. The Palisades is a remarkable project that will not only make a footprint in the property market, but leave a legacy.

Is This project ever coming to life? i checked their website, they have some photos that work started in 06 :(((( but i know till now nothing is there.

Is there a problem in the project?

also if someone can advice with the difference between freehold and leasehold.

thanks

most of developer websites without any construction updates actually you can't Adopt him ...

still no construction activity on the site

hi


any updates on this project on picture it looks the best project in Dubai but when would it start....????



Thank you

I'm not exactly sure of the location but if its the one around which there are huge signboards of 'Palisades' ,then there is nothing built there .As far as one could see there were only sand-dunes .I would need a camel to roam around the entire plot ..........:omg:

Hi

I passed today by the palisades project and realized that they started working seriously now for the first time on there site office it is going to be similar to one of the Palisades buildings , it seems it is moving finally let us hope they will start the construction soon, anybody can confirm my sighting please...????

http://i38.************/35c4fuw.jpg
http://i36.************/14ihl3n.jpg
http://i37.************/bdtbnm.jpg
http://i33.************/2rqktgy.jpg

so does this confirm what I have seen ...?? when were those pictures taken please..???

Thank you

so does this confirm what I have seen ...?? when were those pictures taken please..???

Thank you
Bit of construction,lots of sand though still ?? will look in August when I am over again and decide then whether anymore construction is likely to happen

Rumours & instincts are proving dat this project will run into construction problems .!!!!!!!!!!!

http://i38.************/35c4fuw.jpg
http://i36.************/14ihl3n.jpg
http://i37.************/bdtbnm.jpg
http://i33.************/2rqktgy.jpg

This was 26 July 2008

I will be uploading a DIP video which is basically me driving round DIP..
Maybe its some use to those who dont know the site...

Any changes on the site?
Who is the main contractor?
Im really worried about this project. The developer Pearl Properties has sold first phase by buildings with extremely low rate around AED 600-650 per sq.ft. while secondary market prices have reached 1200-1400 per sq.ft. I don't think they will be able to build these Luxury Buildings with gardens and fountains around. Besides non of the buyers have got the SPA from Developer.
At least some activity on the site can make the buyers calm down a little bit.

Hi Nasturcia ,
Just wanted 2 know what do u mean by SPA ?

Normally, after 20% payment Developer should provide buyer with The sale and purchase agreement (SPA). The Palisades buyers have only Resrvation Forms from Pearl Properties.

hi guys

beware the same developer of palisades who did not start yet with this project is offering a new project it seems in the same area of palisades , so unless they start with palisades i strongly recommend that investors keep away from wasting there money on such a project and look for more secure real estate investment.

http://www.royalestates.ae

As of Today
http://i37.************/2vjsegh.jpg
http://i33.************/2ai3n9s.jpg
http://i35.************/2hxohw3.jpg
http://i36.************/2vnj67l.jpg

Thanks for the update but unless they nominate there main contractor and infrastructure work starts on site it is still a mirage , this is a sales office and not a building in the project.

Wow! Looks cool!
I think they are making sample of penthouse, because it looks like top of the building. Thanks for update!
It makes me feel better - at least some activity on the site!

wooow the sample look very nice ... i went 2 the location ... it will be one of the best places in dubai :banana::cheers:

any news yet about the main contractor please for Palisades, there is a rumor that they might announce something during CityScape - Dubai.....???

Hello Guys
Palisades, i would say is a very good investment, as firstly DIP has one of the best projects like EWAN AND Green Community, which are up and running and so you cannot say that DIP is a jungle, Secondly the red colored structure we see is an office of the master developer which is Pearl Properties and there are very big groups involved in construction at the Palisades. We are about to launch 2 Buildings there, if you wish to invest in units or floors, feel free to contact me, as we can offer you very good offers at this moment, which might not be offered after some time. Buildings are totally Victorian Styled just like we see in England or Italy, and it gives a very contemporary look. DIP would be as we predict a very successful community, having great projects and if we consider rates in real terms, they are well below the market, if we compare them with big projects like Emaar etc, prices are very reasonable. To get a glimpse of how the buildings will be visit http://www.8007070.com which is the official site of PALISADES By the Master Devloper. For Prelaunch Phase units, please contact me at
fahadchase@yahoo.com

"Hi" ALL,

I have created a new thread dedicated to "REGENT BUSINESS PARK (DIP)" within the 'Industrial Zones Development' two days ago & wish to invite ALL Investors in this particular project to post their valuable inputs there...

Cheers!:)

:ohno:Hello Guys
Palisades, i would say is a very good investment, as firstly DIP has one of the best projects like EWAN AND Green Community, which are up and running and so you cannot say that DIP is a jungle, Secondly the red colored structure we see is an office of the master developer which is Pearl Properties and there are very big groups involved in construction at the Palisades. We are about to launch 2 Buildings there, if you wish to invest in units or floors, feel free to contact me, as we can offer you very good offers at this moment, which might not be offered after some time. Buildings are totally Victorian Styled just like we see in England or Italy, and it gives a very contemporary look. DIP would be as we predict a very successful community, having great projects and if we consider rates in real terms, they are well below the market, if we compare them with big projects like Emaar etc, prices are very reasonable. To get a glimpse of how the buildings will be visit http://www.8007070.com which is the official site of PALISADES By the Master Devloper. For Prelaunch Phase units, please contact me at
fahadchase@yahoo.com

i cant wait >>>> i want 2 take my flat there asap >>>

No adverts please ,, you will be banned.

No adverts please ,, you will be banned.

im sorry .....:ohno: :bash::bash:

http://i33.************/2z3o02o.jpg
http://i37.************/a59vuq.jpg
http://i33.************/j8imx0.jpg

All ads are deleted ......... I wonder why ? ? ? ? ?

adverts will always be deleted,, sometimes I miss 1 or 2.

adverts will always be deleted,, sometimes I miss 1 or 2.


THX MAN

no new pictures ????

Great news for Palisades fans. Works started. Flattening ground

r u sure ???????????????

Is there any board?
Who is the main contractor?
Buyers still did not get the contracts! Pearl Properties promissed that before end of November they will provide the contarcts. I called them 1st of Dec they said we will be on Holidays, call us on 21st of December plz.
Again waiting....

I just got today the following message:

Dear Customer

Kindly inform you on Sunday 14 - 12 - 2008 is a meeting by Pearl developer
if you like to know any thing about Palisades project, you can attend to
this meeting

Time: 12:00 P.M.

with a picture of the Lebanese singer Najwa Karam to lay the cornerstone of Palisades from what I understood this was sent to a TV station and not to the investors and I thought I will share with you the news, come on Palisades we want contracts and buildings not another Najwa Karam concert.

I just got today the following message:

Dear Customer

Kindly inform you on Sunday 14 - 12 - 2008 is a meeting by Pearl developer
if you like to know any thing about Palisades project, you can attend to
this meeting

Time: 12:00 P.M.

with a picture of the Lebanese singer Najwa Karam to lay the cornerstone of Palisades from what I understood this was sent to a TV station and not to the investors and I thought I will share with you the news, come on Palisades we want contracts and buildings not another Najwa Karam concert.

Where do we have to come for the meeting ?

I just got today the following message:

Dear Customer

Kindly inform you on Sunday 14 - 12 - 2008 is a meeting by Pearl developer
if you like to know any thing about Palisades project, you can attend to
this meeting

Time: 12:00 P.M.

with a picture of the Lebanese singer Najwa Karam to lay the cornerstone of Palisades from what I understood this was sent to a TV station and not to the investors and I thought I will share with you the news, come on Palisades we want contracts and buildings not another Najwa Karam concert.


:banana::banana:r u sure ???????????????

they start the project

they start the project
Pictures?

Who is the main contractor?
Does they have sign board on the location?

Any photos?

What is the source of information that they started?


will try to pass by the location next week to see what is going on.. hope i can find it.

cheers

don't forget to take pictures :cheers:

Who is the main contractor?
Does they have sign board on the location?

Any photos?

What is the source of information that they started?


will try to pass by the location next week to see what is going on.. hope i can find it.

cheers
they put in emirates today that they start ... and they bring najwa karam to put the first stone in the project :banana:

hope to catch Najwa karam there when she is putting the first stone....

I'm really good with stones, can be a great help :D

lets just hope i find the place.

I had passed through the site on 14/12/08 ,the day the so-called najwa karam concert was held (in which the buyers were not allowed to enter) .

So the site had nothing much new .................. just a little bit flattened area with their sales office not yet completely constructed !!

Cheers .

http://i43.************/2utsz86.jpg
http://i44.************/10n8j07.jpg
http://i41.************/2niz5ht.jpg
http://i43.************/6s6e50.jpg

The sand has been levelled next to the sales centre, maybe work will start soon.

Good thing they want to build confidence. This project is tied to the family in Abu Dhabi. Is this the good impression and trust they want to give? No reports, no update, no work, no nothing, no more?????

I am starting an association of the owners in this project, we are going to be holding a meeting in the next few weeks once we have a decent number of interested people. This will prove to be very important for every person who has invested in this project.

If interested please email me at Nazo_x@hotmail.com

I am starting an association of the owners in this project, we are going to be holding a meeting in the next few weeks once we have a decent number of interested people. This will prove to be very important for every person who has invested in this project.

If interested please email me at Nazo_x@hotmail.com

what happen with u .. i have 2 bed room there

Any updates on the Palisades? any work on site?

I heard that the project is awaiting approval from the municipality!! is that right?

Still not launched of The sales center yet ... forget it about site work ...

Any updates of any kind?

Anyone got their contracts?

this project is ON HOLD at the moment, I read somewhere they will have 2-3 more years delays.

so nothing we can do now?


What about escrow account?

Rera??

anything????

they have 2 return our money....

The following group on Facebook has been created to maintain details of persons interested in The Palisades Development

http://www.facebook.com/home.php#/group.php?gid=80763442855

Cheers.

any news ???

Last time I drove by there (one month ago) there was a toilet outside the showroom. It is the total desolation which clearly rappresent the seriousness und trustiness of this sheikh of Abu Dhabi. Shame on them. You deserve to live in the desert.

its 2 years now !!!!!!!!!!!!!!!!!

we want our money !!!!
i pay 300 000 for nothing

its 2 years now !!!!!!!!!!!!!!!!!

we want our money !!!!
i pay 300 000 for nothing

Sweety, babe, hunny, darling its not gonna happen. go and get your money

Sweety, babe, hunny, darling its not gonna happen. go and get your money

i ask them they say they will not return my money cos they did not cancel the project what the best way to return my money
:ohno:

any news ???????????????

i ask them they say they will not return my money cos they did not cancel the project what the best way to return my money
:ohno:

talk to a lawyer :)

my lawyer is excellent, Galadari & Associates, they are a bit not organized, but they get the job done. 04 393-7700

good luck :)

talk to a lawyer :)

my lawyer is excellent, Galadari & Associates, they are a bit not organized, but they get the job done. 04 393-7700

good luck :)

Can lawyers do anything in the UAE / Arab world?

Can lawyers do anything in the UAE / Arab world?

Dear Mr Negative,

yes i got my issue solved. it took 8 months, but got solved.

Can lawyers do anything in the UAE / Arab world?in uae more and more so. not so fast as you are accustomed in europe but in the wider gcc - arab world. definitely no. uae is still young, regulations is political issue for us.

THEY DID NOT START SO WHY I PAY !!!!!! THEY HAVE 2 RETURN OUR MONEY !!!!!!

So this is never built?

So this is never built?

never ever ... 3 years delay now and they dont wana start they dont wana return our money they r not register in rera .. they r cheaters

:ohno::ohno::ohno:

NOt registered with RERA means 100% refund through court action, if they have any money.

in uae more and more so. not so fast as you are accustomed in europe but in the wider gcc - arab world. definitely no. uae is still young, regulations is political issue for us.

The problem is the laws CHANGE dramatically in this country. The UAE doesn't understand that people put a premium on transparency of land laws / real estate regs (which is directly correlated with GDP growth and Foreign Direct Investment).

The main developers in the UAE are owned by the same people dictating laws to the rest of the UAE. It just does not and will not work for investors.

Dear Mr Negative,

yes i got my issue solved. it took 8 months, but got solved.

honey, sweetie, darling, congratulations! :cheers:

NOt registered with RERA means 100% refund through court action, if they have any money.

I would think twice before undertaking any court action. Despite the fact that all his deeds are closely monitored, His Royal Highness Sheikh Issa bin Zayed al Nahyan is still very powerfull. As far as I know, he has pocketed all the instalment monnies, no architect or contractor have ever got one fils. Any action against him could result in catastrophic results for the suitors. At best an obligation to give up all claims (already happened), at worst a jail term or a life ban. Never forget the video of Sheikh Issa torturing a poor supplier in the desert.

I would think twice before undertaking any court action. Despite the fact that all his deeds are closely monitored, His Royal Highness Sheikh Issa bin Zayed al Nahyan is still very powerfull. As far as I know, he has pocketed all the instalment monnies, no architect or contractor have ever got one fils. Any action against him could result in catastrophic results for the suitors. At best an obligation to give up all claims (already happened), at worst a jail term or a life ban. Never forget the video of Sheikh Issa torturing a poor supplier in the desert.

it should be more easy .. no project return the money finish .. no need for any law or action ... cos why to pay 20 % for nothing its clear the project is big and costly and no one will trust the company again to buy the rest unit so its better to cancel it and return the money !!!!!!!!!!1

Please note that the following group has been created on Facebook that allows investors and other interested parties to share their thoughts about the status of this development, and to try and obtain some sort of response from the developer.

http://www.facebook.com/home.php?#/group.php?gid=80763442855

There is also a discussion board with details of how to contact Dr Daoud of Avanti Holding, links to newspaper articles where you can lodge complaints against the development, and details of how to lodge a complaint with RERA.

http://i29.************/22j1c3.jpg

http://i30.************/2uzcsue.jpg

is a monumental architectural vision coming to life in Dubai Investment Park with uniquely styled homes that are highly individual and packed with function. Its leafy open-planned design will give residents the space to evolve into a community with a real sense of togetherness.

The grand vision of its developers, together with the high quality of structural finish, ensure that this will be an iconic development that will stand out in the competitive housing sector.

Further adding to its profile is its immense size and style. The Palisades will be Dubai's largest area of urban landscaped parkland, housing a staggering population of more than 55,000 in property; styled in the Georgian, Regency and Victorian era. The Palisades is a remarkable project that will not only make a footprint in the property market, but leave a legacy.

Please note that the following group has been created on Facebook that allows investors and other interested parties to share their thoughts about the status of this development, and to try and obtain some sort of response from the developer.

http://www.facebook.com/home.php?#/g...id=80763442855

There is also a discussion board with details of how to contact Dr Daoud of Avanti Holding, links to newspaper articles where you can lodge complaints against the development, and details of how to lodge a complaint with RERA.

they will never start

that being rich does not make them immortal. Plenty of people will not go along with this s... happening in Dubai, and some will take justice in their own hands or have others do it for them. They might feel safe in their country, where I suggest they should remain, otherwise they will face hell.

The problem is the laws CHANGE dramatically in this country. The UAE doesn't understand that people put a premium on transparency of land laws / real estate regs (which is directly correlated with GDP growth and Foreign Direct Investment).

The main developers in the UAE are owned by the same people dictating laws to the rest of the UAE. It just does not and will not work for investors.

Also add that the chances of seeing money back soon are practically zero. Dubai is simply bankrupt and no judge is going to go after a member of the family of Abu Dhabi who lended bilions to Dubai. They will make believe to act in your favour and deceive you for a long time hoping to find some solutions in the meanwhile.

sei italiano? mandami un messagio privato se vuoi

sei italiano? mandami un messagio privato se vuoi

ma come mai?

I shall Move to never built soon...

Weird enough, i just recieved a call from the agent i bought my property from and he informed me that the contract (SPA) that is approved by RERA is ready to be signed.

Delivery date mentioned as December 2011. for building J

anyone got the same??

I recieved a cal from the agent i bought form and informed me that the contract is ready.
He also asked for 2500 Dhms for signing the contract.

I didn't go to sign until now, yet i asked for a faxed copy.

In the "contract" the delivery date is set as Nov.2011.

Anyone got a familiar incident??

The agent also informed me that this contract is approved by RERA and hence the fees.

please feedback.

contract is ready we need the flat 2 be ready not the contract !!!!!!!!!!!! the flat should be ready in feb 2010 !!!!!!!!!!!!! not the contract

Property investor wants her money back

DUBAI : An investor has been left in the lurch after a property sales agency allegedly refused to answer her queries over a delayed project.

XPRESS
Published: 00:00 October 22, 2009

Joan A., 61, a pensioner from South Africa, said she paid a total of Dh95,840 to Avanti Holding between December 2007 and May 2008 for a unit at The Palisades, a Pearl Properties project in Dubai. Her payments represent 20 per cent of the unit price.

But for the last few weeks, the agents have ignored her phone calls and e-mail queries regarding the delay in construction.

"With the extent of the delay on the project [at least two years], investors should at least be offered their invested funds back," she said. On May 13, 2009, Joan lodged a complaint with the Real Estate Regulatory Agency (Rera).

http://gulfnews.com/business/construction/property-investor-wants-her-money-back-1.517552

Silly old bag ONLY wants her money back - not willing to move to other projects as offered by the company - read the full article.

Property investor wants her money back

DUBAI : An investor has been left in the lurch after a property sales agency allegedly refused to answer her queries over a delayed project.

XPRESS
Published: 00:00 October 22, 2009

Joan A., 61, a pensioner from South Africa, said she paid a total of Dh95,840 to Avanti Holding between December 2007 and May 2008 for a unit at The Palisades, a Pearl Properties project in Dubai. Her payments represent 20 per cent of the unit price.

But for the last few weeks, the agents have ignored her phone calls and e-mail queries regarding the delay in construction.

"With the extent of the delay on the project [at least two years], investors should at least be offered their invested funds back," she said. On May 13, 2009, Joan lodged a complaint with the Real Estate Regulatory Agency (Rera).

http://gulfnews.com/business/construction/property-investor-wants-her-money-back-1.517552

i pay 20 % also around 215 000 dhm AND when i call them they say just take a look on the contract and we will start soon ( what they mean by soon ) its now 2 years and i need my money back !!!!!!!!!!!!!!!!!!!!!!!:bash::bash::bash:

any one have a solution plz !!!

cos they will never ever start !!!!!!!!!!!:ohno::ohno::ohno:

Property investor wants her money back
DUBAI : An investor has been left in the lurch after a property sales agency allegedly refused to answer her queries over a delayed project.

XPRESS
Published: 00:00 October 22, 2009

Joan A., 61, a pensioner from South Africa, said she paid a total of Dh95,840 to Avanti Holding between December 2007 and May 2008 for a unit at The Palisades, a Pearl Properties project in Dubai. Her payments represent 20 per cent of the unit price.

But for the last few weeks, the agents have ignored her phone calls and e-mail queries regarding the delay in construction.

"With the extent of the delay on the project [at least two years], investors should at least be offered their invested funds back," she said. On May 13, 2009, Joan lodged a complaint with the Real Estate Regulatory Agency (Rera).

"I have received no indication of when construction will start. All calls to the Avanti offices, and e-mails to their staff, including their chairman, have gone unanswered," she said.

A Pearl Properties spokesperson told XPRESS that "procedural" snags have delayed construction. "The properties will be handed over within two to three years," the spokesperson said.

Maya Isaac, a Client Servicing Officer of Avanti, said: "Our company is assuring all the buyers who bought through us that their and our rights are protected by The Palisades' developer and the government's regulatory bodies. Many of the buyers in The Palisades have already chosen to upgrade to alternative projects which are developed by us."

Joan said: "The delay has caused some degree of discomfort due to my being a pensioner, I am not willing to move to other projects. I really would like my money back

I'm so upset with this project! I managed to recover monies for two projects by filing court cases. With this property, the lawyers said there is some technical issue with the contracts or some procedural thing. I just want to know if there's a group that is actively working towards termination.

Kev

http://rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/342_null.jpg

got this from Rera website.

regards

that report is 4 months old...

Yes, i found that it was published in August.

I kept nagging the guys in Pearl properties to know the status and finally got the name of the contractor. "Bin Sabt"
I googled the name and found a number, called them and they confirmed that they were awarded the contract and that they have already mobilized.

Can anyone send the direction to the location so i can venture around the area and try to get some photos and confirm if they already mobilized and whether the contactor has already changed "from the sign board"

Cheers

you can see the location within DIP here:
http://wikimapia.org/#lat=24.9973382&lon=55.1678467&z=14&l=5&m=b

Any recent updates? Are they offering other units/refunds?

Yes, i found that it was published in August.

I kept nagging the guys in Pearl properties to know the status and finally got the name of the contractor. "Bin Sabt"
I googled the name and found a number, called them and they confirmed that they were awarded the contract and that they have already mobilized.

Can anyone send the direction to the location so i can venture around the area and try to get some photos and confirm if they already mobilized and whether the contactor has already changed "from the sign board"

Cheers

yshimy

I popped round the corner to have a look for you. There is a Bin Sabt sign up. I will try and post my photo of that, and the activity ...............two guys and a machine. Having said that, it was busier than Dubai Lagoons across the road, which at 5.30pm on Monday was deserted.

Can't see how to post the photos, if someone lets me know, I will do so.

NEVER BUILT:bash::bash::bash:

yshimy

I popped round the corner to have a look for you. There is a Bin Sabt sign up. I will try and post my photo of that, and the activity ...............two guys and a machine. Having said that, it was busier than Dubai Lagoons across the road, which at 5.30pm on Monday was deserted.

Can't see how to post the photos, if someone lets me know, I will do so.

I can help if u want...
send me the pics & I'll upload for you..
don't worry.. u'll still be the 'OWNER' of the photos!:)

Can't see how to post the photos, if someone lets me know, I will do so.

************

Upload the jpg

Once finish copy and paste in full the 3rd link down.
It starts and ends with [img]

waitting the picture of nothing build

waitting the picture of nothing build

waiting for Imre :cheers:

Who would want to live in DIP anyway?

Who would want to live in DIP anyway?

its better for us and for them to return our money !!!!!!!!!:ohno::cheers::cheers::bash:

waitting the picture of nothing build

Sorry for the delay, thanks 234

http://i45.************/23m30jr.jpg

http://i47.************/wb3wcz.jpg

Sorry for the delay, thanks 234

http://i45.************/23m30jr.jpg

http://i47.************/wb3wcz.jpg

they send me the contract with 37 dhm /sqr ft for service charge its like i rent it !!! cos my erea 1240 * 37 it will be 46000 dhm every year for 2 bed room service charge a lone !!! this is crazy !!

and they did not start !!!!:cheers:
!:ohno::ohno::ohno::ohno:

Any update?

Any update?

they will never ever start !!!!!!!!:ohno::ohno::ohno:

any news ???

any news ???

I'm going that way, so will drive past this.

new imagery by Google:

http://img689.imageshack.us/img689/4416/lagoon1.jpg

No change though I expect

I'm going that way, so will drive past this.



No change though I expect

thx man :ohno:

دبي تعد لمشروع قانون عقاري جديد يمنح المستثمر حق إلغاء العقد
أريبيان بزنس/

يجري الإعداد في دبي لمشروع قانون عقاري جديد يمنح المستثمرين حق إلغاء عقودهم إذا وقعوا ضحايا لمطورين فاشلين.

وأفادت صحيفة "إماريتس بزنس" الإثنين نقلاً عن رسالة إخبارية صادرة عن شركة المحاماة والاستشارات القانونية "التميمي ومشاركوه" أن قانون حماية المستثمرين العقاريين الذي تدرسه دائرة الأراضي والأملاك في دبي سيذكر بالتفصيل الأسباب التي يحق لمشتري العقار بموجبها المطالبة بإلغاء العقد.

وذكرت الصحيفة أن الأسباب الموجبة للإلغاء تتضمن رفض المطور الربط بين الأقساط والتقدم المحرز في البناء أو في حالة إجراء تغييرات أساسية على المواصفات.

وأضافت أن القانون سيتعامل أيضاً مع قضايا إعادة المبالغ أو الاستبدال في حالة وجود عيب أساسي وفرض عقوبات مالية عند تأخر التسليم.

ونقلت الرسالة الإخبارية عن المستشار القانوني الأول في دائرة الأراضي، عماد الدين فاروق قوله "ثمة دروس مستقاة من الأزمة ولذلك نستعد للخروج بنظام قانوني جديد. ويجري التعامل مع نقاط الضعف في القوانين لتكون الأمور أكثر تنظيماً في عام 2010".

ومن المعروف أنه حتى الآن لا يوجد أي سبيل أمام المستثمرين الذين يسعون لإلغاء عقودهم حتى في حالات عدم بدء عملية البناء بعد مضي أعوام.

وتأتي الخطوة بهدف إعادة الثقة بسوق دبي العقاري الذي تضرر بشدة جرّاء الأزمة الاقتصادية العالمية. إذ تراجعت أسعار المساكن في بعض مناطق المدينة بنسبة 50 بالمائة خلال الأزمة.

وفي مايو/أيار من عام 2009، شكّلت دائرة الأراضي لجنة تتولى اتخاذ القرارات بشأن إلغاء المشاريع غير المجدية، غير انه لم يجر الإعلان رسمياً عن أية حالة إلغاء.

http://i49.************/1zvg19l.jpg
http://i47.************/15x245k.jpg
http://i49.************/5y6bnb.jpg

nada

thx for the picture but nothing new

Check out who owns Pearl Properties, developer of The Palisades. That wonderful example of humanity "Sheikh" Issa bin Zayed al Nahyan, who specializes in torturing and running over people he does not like.

No investor in this project will get any funds back; the trust account is with ADCB, controlled by the Al-Nahyan family.

Check out who owns Pearl Properties, developer of The Palisades. That wonderful example of humanity "Sheikh" Issa bin Zayed al Nahyan, who specializes in torturing and running over people he does not like.

No investor in this project will get any funds back; the trust account is with ADCB, controlled by the Al-Nahyan family.

:ohno::ohno::ohno:
i will loose 400 000 for nothing

if i buy porsche and did accedent with it thats better

near amount will be lost here. (All my life savings, i'm only 29 y.o)

even a crash with a porsche will be compansated by the insurance company... but this !!!!!

So not a chance they will even start????

this is more than normal >> they dont even answer my questions !
they say we dont know go to rera

تحديد 3 فئات للغرامات العقارية في دبي
الخليج - ملحم الزبيدي /
حددت مؤسسة التنظيم العقاري “ريرا”، ذراع التنظيم العقاري في “دائرة الأراضي والأملاك” بدبي، قائمة المخالفات العقارية وما يقابلها من الغرامات المالية التي ستفرضها على العاملين المخالفين في السوق المحلي في الإمارة .
وتضم هذه القائمة 20 مخالفة عقارية مقسمة على ثلاث فئات حسب قيمها المالية، تتراوح بين 50 و100 و500 ألف درهم .
ومن هذه المخالفات التي تضمنتها القائمة وقيم المخالفات المالية التي تقابلها، مزاولة نشاط التطوير العقاري من دون ترخيص 500 ألف درهم، عدم فتح حساب ضمان عقاري 500 ألف درهم، عدم إيداع المبالغ المالية في حساب الضمان 500 ألف درهم، عدم القيام بمباشرة الأعمال الإنشائية بعد مضي مدة 6 أشهر من موافقة المؤسسة 500 ألف درهم، تقديم مستندات أو بيانات غير صحيحة للحصول على ترخيص مزاولة نشاط التطوير العقاري 100 ألف درهم .
وتضم أيضا إلغاء المطور لأي مشروع عقاري دون موافقة المؤسسة 100 ألف درهم، عرض بيع وحدات في مشروعات عقاري وهمية 100 ألف درهم، مزاولة نشاط الوساطة العقاري بدون ترخيص 50 ألف درهم، والقيام بأعمال الوساطة لمشروع عقاري غير مسجل 50 ألف درهم، ومزاولة نشاط عقاري بدون ترخيص 50 ألف درهم .
وكانت “مؤسسة التنظيم العقاري” قد أكدت في كثير من المحافل والأوقات ضرورة التقيد بروح القانون والتعاون مع الجهات المعنية للوصول إلى هدف تحقيق معنى التنظيم والضبط في عقارات دبي بما يخدم مصلحة جميع الأطراف .

^^ Select 3 categories for real fines in Dubai Gulf-Melhem Zubeidi/
You select real estate regulatory institution ” “ Riera, real estate regulatory arm in “ land Department ” Dubai real list irregularities and corresponding financial fines to be imposed on offenders in the domestic market.
This list 20 real offense divided by three categories depending on their values, ranging from 50 to 100 and 500 thousand dirhams.
These irregularities were contained in the list and values they encounter, estate activity without permission 500 dirhams, don't open account ensure Realtor 500,000 dirhams, no deposit in escrow 500 dirhams, not doing direct construction after 6 months of AED's 500,000 documents or incorrect data to obtain licensing activity estate 100,000 dirhams.
And also clear the developer to any real estate project without permission from SAMA 100,000 dirhams, offer to sell units in real estate projects fake 100,000 dirhams, real estate brokerage activity without a licence 50,000 dirhams, mediation of real estate project is not registered 50,000 dirhams, practicing real estate activity without a licence 50,000 dirhams.
The real estate regulatory institution ” “ confirmed in many forums and times need to adhere to the spirit of the law and cooperation with stakeholders to reach the goal of achieving meaningful regulation and exactly in the Dubai real estate for the benefit of all parties

What a bunchs of gangsters!!! Pearl properties belongs to a "nice" guy of the crown family of Abu Dhabi. Abu Dhabi has lent money to Dubai so Dubai is not going to do nothing about this project as well as many others. This project has been marketed by many agencies. One of them is related to the crown family of Dubai. There has been no interest from either the agencies who sold this project, nor from the reseller who is obviously feels under the protection of RE authority. This is why he is keeping the money. I suggest all to distribute this information to whatever media you feel appropriate so that all this shame be dumped upon the sheikh negligence to try to find solutions. They will be doomed anyway because of their greediness. I hope for them God doesn't not exist otherwise their ticket to hell is waiting for them.

Ok guys, please no point of posting such comments, everybody here is on distress because of this.

Any factual updates?

I tried to phone pearl properties today, all numbers are not answer.

Few weeks back i called in the contractor's office "Bin Sabt" and they said they are working on the project and the operator even gave me a name of the project manager who i can visit on site !!

Anyway, please post any updates, some people were moving with legal case, did they reach anywhere?

good news guys I have visited the site and the contractor is working on the project

i have signed the contract with the real state agency and everything will be fine.

by September 2011 the project will be complete according to the signed contract.

Post a photo then we can move it back...

Hereafter are some photos for the ongoing work:


http://i25.************/v7828j.jpg

http://i32.************/2e0mpht.jpg

http://i31.************/2ykgqdi.jpg

http://i27.************/9a5qq1.jpg


:)

A copy from the contract which states that the project shall be completed by December 2010

http://i25.************/2yn3w35.jpg

Excellent hope it continues to move ahead

A copy from the contract which states that the project shall be completed by December 2010

http://i25.************/2yn3w35.jpg

This contract is very strong,

Majority of SPA or agreements dont have such clauses.

they crazy they put 30 dhm / sq (and more) service charge .. i have 1300 sq feet ... i have to pay more than 40000 so its like i rent it

المادة (13)
يلتزم الطرف الأول دائما وفي جميع الأوقات بالمحافظة على العقار ومبانيه والأبنية المقامة عليه وكافة التركيبات والتثبيتات الموجودة بها في حالة جيدة ومقبولة ومصانه وكذلك تلك المحاطة بها وبشكل مصان ومنظر مقبول وفي مقابل ذلك يدفع الطرف الثاني للطرف الأول رسوم صيانة سنوية تقدر ثلاثون درهم) قابلة للزيـادة( لكل قدم مربع من المساحة الإجمالية للبناء.

they have to return our mony this project since 2004 ... who will belive them again and continue the payment !

this project will never ever finish

NEW STRATA LAW

About service charges.
Heard news about it became obligatory for developers to form a homeowners committee to have clear visibility over the spending of this service charges and adjust it accordingly.

Well... by the time the project is due for handover "if ever" then i guess we as owners should act.

http://www1.albawaba.com/news/effective-strata-law-key-future-dubai-real-estate
http://www.thenational.ae/business/property/few-dubai-developers-ready-for-strata-law

Hi ask my lawyer, Mr. Naser Muheyeldin, form Emirates Fortune Group, 050 65 48529, he has won already cases against them

Hi ask my lawyer, Mr. Naser Muheyeldin, form Emirates Fortune Group, 050 65 48529, he has won already cases against them

no answer:ohno:
so updates :ohno:
no solution :ohno:

no answer:ohno:
so updates :ohno:
no solution :ohno:

To all Investors in The Palisades at DIP, did you know that Royal Estates (Aristocrat) are claiming that all the ground works completed so far are actually theirs?

So you might want to check with Palisades?

Good luck!

i went to the location

they stop the work !

:ohno::ohno::ohno:

any news ????????????????????????????????????

Shame on the developer, shame on the real estate agencies which marketed the projekt without having the authority. I only have a reservation form from a well know real estate. I never received a contract, I never was updated, I never received an answer from Rera. All have straitght ties to Royal families. Is this how you finance your businesses and robe the citizens? Please keep clear if you want to stay healthy or pay my money back, you thieves.

pay my money back

plz

pay my money back

plz

any news ?

seems to be on hold

Reservation contract made at Jamal Al Habtoor RE on a resale unit.
Unfortunately company owner died in car accident in Russia (??!!)
Deals war taken over by Habtoor Properties.
First they denied to have anything to do with the Palisades, but many clients had also bought (reserved) a resale by them following the taking over of the RE deals from Jamal Al Habtoor. Amounts paid range from 200,000 Aed to many millions of AED.
Part of these sums have been transferred to the One Real Estate. The owner Mr. Vakili is also owner of a Fund with which he reserved some buildings of this project (he is the reseller). The developer of the Palisades is Pearl Properties, the owner is a well known person, http://en.wikipedia.org/wiki/Issa_bin_Zayed_Al_Nahyan (http://en.wikipedia.org/wiki/Issa_bin_Zayed_Al_Nahyan) (royal family in Dubai).
These properties, since the beginning should have not been sold because of disputes between the property owner and the reseller.
Habtoor Properties is part of business of a Habtoor family member which is related to Royal family in Dubai. Rera was of no help, given the implication of royal family members.
I have paid a consistent amount. I have not look to go to the courts, because it’s a kind of black mailing system, costraining unfortunate investors to pull out absurd amounts only to start a court case and feed many thousands of lawyers, well aware that the legal system in the UAE, related to RE issues is a farce. Investigate on how many people have seen back any money returned. This says it all. Spread the word around to force this illegal behaviour and this robbery to stop.

Reservation contract made at Jamal Al Habtoor RE on a resale unit.
Unfortunately company owner died in car accident in Russia (??!!)
Deals war taken over by Habtoor Properties.
First they denied to have anything to do with the Palisades, but many clients had also bought (reserved) a resale by them following the taking over of the RE deals from Jamal Al Habtoor. Amounts paid range from 200,000 Aed to many millions of AED.
Part of these sums have been transferred to the One Real Estate. The owner Mr. Vakili is also owner of a Fund with which he reserved some buildings of this project (he is the reseller). The developer of the Palisades is Pearl Properties, the owner is a well known person, http://en.wikipedia.org/wiki/Issa_bin_Zayed_Al_Nahyan (http://en.wikipedia.org/wiki/Issa_bin_Zayed_Al_Nahyan) (royal family in Dubai).
These properties, since the beginning should have not been sold because of disputes between the property owner and the reseller.
Habtoor Properties is part of business of a Habtoor family member which is related to Royal family in Dubai. Rera was of no help, given the implication of royal family members.
I have paid a consistent amount. I have not look to go to the courts, because it’s a kind of black mailing system, costraining unfortunate investors to pull out absurd amounts only to start a court case and feed many thousands of lawyers, well aware that the legal system in the UAE, related to RE issues is a farce. Investigate on how many people have seen back any money returned. This says it all. Spread the word around to force this illegal behaviour and this robbery to stop.
:ohno::ohno::ohno:
thx for the update ... i call them many time on this number 043366661 .. they told me the project in progress and the finish date is 2013 !!!!!!!!!!!!!!!!!!
i will not give them any more money ... cos i dont belive them ... i pay 20 %
i did not sign any contract with them !!! i have reservation form only ...

i pay 300 000 for nothing :bash:

any news:ohno::ohno::ohno:

Newspaper: Draft Law on the Protection of real estate investors in Dubai entitles investors the right to cancel their contracts and recover their money


Numbers - 29/04/2012










Comments 6


Quoted Amarats 24/7 e some details about the project a draft law to protect real estate investors in Dubai, where, and under the approval of the new law would be to investors the right to cancel their contracts and are entitled to demand the return of their money in full in case of late-developer to hand over real estate services to owners of more than eight months on the delivery date agreed upon.

She added that in the case of late delivery of the developer for the project on time will face fines, it is also the developer of the new law be fined in case of delivery without the agreed specifications.

In addition to the proposed new law requiring the developer to hand over all facilities of the project - from swimming pools, sports halls and playgrounds, etc. - and hold investors in the time of delivery of the project, but did not adhere to the developer so it would be to investors the right to cancel their contracts and to demand full compensation.

According to this new draft law, it gives the investor the right to cancel also the real estate contract and to demand full compensation in the event of receipt of the property and the area is smaller by 30% of what was agreed upon in the contract.

In the case of any sale on the map, imposes new law on property developers to obtain all necessary approvals from the Real Estate Regulatory Authority (RERA) and providing all account information to ensure the project and the project details as the date of delivery and so on, as well as the registration of all units of salable in the system of "contracts" e Riera's.

This, according to a draft of the new law, if the developer did not provide the real estate investor in the contract within 15 days from the date of signing the reservation form the property, is the time the reservation form and void.

The Sultan Bin Mejren, Director General of Dubai Land Department, said recently that he was the completion of the draft law on the protection of a real estate investor, is expected to begin implementation in June this year, according to the newspaper.

It should be noted that, because of the global financial crisis, has been suspended and the postponement of many projects in Dubai resulting in a delay in delivery to its investors.

Newspaper: Draft Law on the Protection of real estate investors in Dubai entitles investors the right to cancel their contracts and recover their money
Numbers - 29/04/2012

These people are talking nonsense. They are such liars and they know it. Already in October 2011 they said they expect to issue it by the end of the year (2011). TheY seem to not suffer any shame. Stop this fraudelent policies otherwise your future is black.

These people are talking nonsense. They are such liars and they know it. Already in October 2011 they said they expect to issue it by the end of the year (2011). TheY seem to not suffer any shame. Stop this fraudelent policies otherwise your future is black.

i want my money back thats it !

not sure what the tender is for...

Name : The Palisades Real Estate Development Project - Dubai Investment Park More...
Description : Development of The Palisades real estate scheme comprising 11,000 apartments, 350 serviced apartments, 400 hotel suites, 200 villas and townhouses, retail outlets, a mosque and a medical centre.
Territory : Dubai
Updated : May 24, 2012
Status : Current Project

http://www.emiratestenders.com/CategoryResult.asp?CategoryId=40

R

^^ woah! :eek2:

not sure what the tender is for...

Name : The Palisades Real Estate Development Project - Dubai Investment Park More...
Description : Development of The Palisades real estate scheme comprising 11,000 apartments, 350 serviced apartments, 400 hotel suites, 200 villas and townhouses, retail outlets, a mosque and a medical centre.
Territory : Dubai
Updated : May 24, 2012
Status : Current Project

http://www.emiratestenders.com/CategoryResult.asp?CategoryId=40

R

:bash::bash::bash: not even one villa or one hotel or one apartment ready !!

www.8007070.com

same pictures !!!!!!!!!!!!!!111111

Hi ask my lawyer, Mr. Naser Muheyeldin, form Emirates Fortune Group, 050 65 48529, he has won already cases against them

Hi
i read your reply recently i would like to know if you have filed any case with the above lawyer.If yes what was your experience.Please share with me.Which is the property cases won.Also upon the judgement how was the money paid back.

any news any news any news any news

:ohno::ohno::ohno::ohno::ohno:

for how long we have to wait :bash::bash::bash::bash::bash:

palisades new number : 043366661
every one should call and complains

http://www.youtube.com/watch?v=IVydlU8bkI8

palisades new number : 043366661
every one should call and complains:bash::bash::bash:

palisades new number : 043366661
every one should call and complains:bash::bash::bash:

You must be jocking! They would care less. This is a "fascist state". We can only destroy their reputation. :runaway:They are just a bunch a cowards gangsters who better avoid coming to Europe.

5. أنها لا تفهم كيف لاستهداف العملاء؟
على الرغم من أن بعض الشركات تصميم مواقع الإنترنت متخصصون في تصميم لأنواع معينة من الأعمال، وسوف تستفيد على الأرجح من العمل مع الشركة التي العميل قاعدة وتتنوع. يمكن تجربة عملهم مع مثل هذه المذكرات المختلفة والفئات المستهدفة يجلب الكثير الى طاولة (أنا أتحدث هنا أفكار ذكية - وليس طبق من البسكويت).

no updates ?

http://www.argaam.com/article/articledetail/105723

http://www.youtube.com/watch?v=LTXZkC4TN6Y

http://www.youtube.com/watch?v=51_H56tuS2Y

Zero news, total desolation, freedom and prosperity instead for those who stole the money. Thanks Mohammed!

project cancel

Any idea what is the refund process?