View Full Version : #ON HOLD: THE PAD, 23F Res


Ruminative
December 22nd, 2006, 06:58 AM
http://www.gulfnews.com/business/Real_Estate_Property/10091282.html

iPod will be model for Omniyat's new tower

By Robert Ditcham, Staff Reporter


Dubai: Real estate developer Omniyat Properties is planning to launch projects worth more than Dh3 billion in 2007, starting with a tower inspired by Apple's iPod MP3 player.

The company will announce at least two residential projects and one commercial development and will open its account in February with the innovative iPad residential tower in Business Bay.

The 23-storey building, which is scheduled to bring more than 200 units onto the market in 2009, was designed by Hong Kong-based architects James Law Cybertecture International.

The tower will sit atop a docking station angled at six degrees to give the exact look.

With a property portfolio worth Dh2.7 billion in its first year of operations - made up of four luxury commercial developments in Business Bay and one residential tower - the company has already made a swift impression on the market.

Ruminative
December 22nd, 2006, 07:02 AM
Pictures by Imre

http://img133.imageshack.us/img133/5635/img5092fw0.jpg

http://img246.imageshack.us/img246/6267/img5093jz8.jpg

http://img246.imageshack.us/img246/5741/img5094dx3.jpg

http://img80.imageshack.us/img80/4343/img5095oc6.jpg

http://img246.imageshack.us/img246/7342/img5096vr8.jpg

http://img337.imageshack.us/img337/4444/img5097bq2.jpg

http://img337.imageshack.us/img337/8638/img5099wf8.jpg

http://img80.imageshack.us/img80/7196/img5100cw2.jpg

http://img80.imageshack.us/img80/8600/img5103ih9.jpg

Ruminative
December 22nd, 2006, 07:09 AM
and by AltinD

http://img.photobucket.com/albums/v705/altind/Omniyat.jpg

Dubai-Lover
December 22nd, 2006, 08:38 AM
very nice this is for real
it's omniyat anyway ;)

i like the fact that it's leaning like an ipod on its docking station :)

but what the heck is that extension in pic above where there seems to be another tower on top of it?!?!
i guess this is just one part of the model, which has been pulled up for whatever reason

THE DUBAI GUYS
December 22nd, 2006, 09:57 AM
i love this tower but wat is the larger bit that is shown in Altin pics???

R

dubaiflo
December 22nd, 2006, 01:43 PM
it might show some interior.

i love the tower and this kinda branding will happen more often in the future i guess.

if omniyat is able to live up there promises they are going to be top of the line for sure.

Sergei
December 22nd, 2006, 05:44 PM
I like the design. It's fresh. But I don't see much resemblance to the iPod. Nor do I like the "iPad" name. It's just tacky.

Bu_Bastak
December 23rd, 2006, 08:35 AM
love it

ardi
December 23rd, 2006, 12:28 PM
I am afraid omniyat poeple going to have a same future as the damac people. They are spending more on advertisment and publicity rather than construction and project management.:ohno:

dubaiflo
December 23rd, 2006, 08:42 PM
^^ how do you know.

at least there projects start construction veeery fast.

wiki
December 23rd, 2006, 09:15 PM
waoo, really cool design, modern, i like the name

ardi
December 24th, 2006, 08:39 AM
^^ how do you know.

at least there projects start construction veeery fast.

Yes they started but they Postponed the completion date already.

Amo urbem
December 24th, 2006, 12:40 PM
Apple is not going to like this...

dubaiflo
December 24th, 2006, 05:16 PM
^^ they have signed contracts for this design.

AltinD
December 24th, 2006, 11:19 PM
Yes they started but they Postponed the completion date already.

Or maybe they just made it more REALISTIC.

docc
December 25th, 2006, 12:43 AM
This is friggin retarded...! Creativity is dead!

malec
December 26th, 2006, 01:11 AM
I like this tower actually. It'd help if they forgot about the ipod reference and just built the tower. It looks nothing like an ipod anyway

zee
December 26th, 2006, 01:45 AM
^^ lol i agree..it looks nothin like an ipod

but the tower looks quite kool..they should definately build it

docc
December 26th, 2006, 02:14 AM
Fine, but PLEASE change the name!

Hosain85
December 26th, 2006, 08:48 AM
^^ most definitely

robertee
December 26th, 2006, 09:22 AM
Here's a rendering I found:

http://www.fscklog.com/ipad.jpg

ZZ-II
December 26th, 2006, 12:22 PM
the tower looks cool, very futuristic!!

Amo urbem
December 26th, 2006, 12:34 PM
^^ they have signed contracts for this design.

I could have known it... But I did not. They're rich! F*cking RICH!!! :cheers:

THE DUBAI GUYS
December 26th, 2006, 03:20 PM
Here's a rendering I found:

http://www.fscklog.com/ipad.jpg

cant see it.

R

ahmedjam
December 26th, 2006, 06:12 PM
OMG, look at the pent house :eek2:
http://img80.imageshack.us/img80/8600/img5103ih9.jpg

philvia
December 26th, 2006, 08:50 PM
This is the dumbest building i have ever seen approved. Lost all respect for the firm that "designed" this.

Alle
December 27th, 2006, 12:08 AM
I love this design, its chill.

YeMeNi_guy
December 27th, 2006, 08:16 AM
this is so nice! but the name sucks

Chad
December 28th, 2006, 06:57 AM
and by AltinD

http://img.photobucket.com/albums/v705/altind/Omniyat.jpg

What is that tall thing behind? a part of the toweR?

DUBAI
December 28th, 2006, 07:47 AM
Looks tacky like an ipod.

i like the 'pop up section' maybe its down on weekdays, then extended upwards for the weekend..

Phoenician Empire
December 28th, 2006, 09:19 PM
iPad Tower

http://img306.imageshack.us/img306/9703/grtowerdubaiwideweb470xvt4.jpg (http://imageshack.us)

http://img119.imageshack.us/img119/6228/001nz0.jpg (http://imageshack.us)

Tiny music machine offers a new angle on architecture


Bobbie Johnson in London
December 28, 2006

THE iPod has made its mark on popular culture, changing the face of the music industry and becoming one of the best-selling gadgets of all time. But Apple's music player could be stretching its influence into unexpected territory: architecture.

A newly announced multimillion-dollar building project in Dubai will reportedly take inspiration for its design from the iPod.

Officials have said that the "iPad" will be based on the design of Apple's MP3 player. The tower will be perched on top of a docking station, and will ape the iPod by sitting at an angle of six degrees. The 23-storey building, due to open in 2009, is expected to house more than 200 homes and offices.

The development is being designed by a Hong Kong-based consultancy, James Law Cybertecture, an award-winning architecture firm focused on futuristic projects and "intelligent" buildings. Previous projects have included an artificial intelligence laboratory and a "morphable" house in Denmark that is able to change its shape and layout.

Dubai has one of the fastest-growing construction industries in the world. It is famed for its weird and wonderful architecture, including The World, a series of artificial islands mimicking a map of the globe.

The iPad project is being developed by Omniyat Properties, a high-tech development firm aimed at the upper end of Dubai's property market. Other current schemes include a $US140 million ($180 million) self-contained office building called The Binary.

"We are aware that today people are taking us at face value on what we promise," Mehdi Amjad said. "But by 2008, when we hand over our first project, they will judge us on the quality of the product we deliver."

James Law, the "chief cybertect" at James Law Cybertecture International, said details of the iPad design would not be released until next year. But photographs have already begun appearing on the internet, speculating about the possibilities. One shows a white building with rounded corners rising at a slight incline from the ground, blue and pink lights glowing from the windows.

A computer-generated image shows a more literal design, complete with a screen and dial, joining the Dubai skyline.

Mr Law said no official images have been released and he had no idea how the images ended up on the internet.

"Some of the images I've seen are not accurate representations of the building."

source: http://www.smh.com.au/news/technology/tiny-music-machine-offers-a-new-angle-on-architecture/2006/12/27/1166895360954.html

sorry, not sure where to open it.

DUBAI
December 29th, 2006, 01:50 AM
http://www.skyscrapercity.com/showthread.php?t=423124

there you go...

dubaiflo
December 29th, 2006, 03:28 AM
what official images is he talking about, they had a model in CS.. idiot.

DUBAI
December 29th, 2006, 05:39 AM
maybe its a fake! :lol:

Also, that photo under the graphic, is it imre's photo?

i couldnt find it on the SMH site ..but if they have been stealing :rant:

dubaiquote
January 13th, 2007, 12:16 AM
if you have any questions about the project please put them on our site so we can ask the develpers

http://www.thedubailife.com/index.php/main/blog/put_your_questions_to_the_ipad_developers

234sale
January 17th, 2007, 04:20 PM
"ardi
Registered User


Join Date: May 2006
Posts: 39 I am afraid omniyat poeple going to have a same future as the damac people. They are spending more on advertisment and publicity rather than construction and project management. "


That ad on shz road next to the massive damac ad cost 1M USD

Let alone all the other stuff.

I recon they must spend a million aed a month +


I'm not talking bad about anyone. Go Omniyat

dubaiflo
January 17th, 2007, 04:47 PM
^^ huh? there is no need to talk bad about other developers.

Omniyat does have marketing but not that much more than others, they have to proof themselves first of course.

mahdial_x5
January 18th, 2007, 03:48 AM
this is soo uglyyyy

Bernini
January 18th, 2007, 05:24 AM
i think the reason that seems to dislike some people is that its image (design) its TOO related to a product that we already know, I feel that if they could've get the essence of the ipod design the could've come up with something with some more substance, still..its a very interesting design

Escoto_Dubai2008
January 20th, 2007, 01:35 AM
I hope this building will be build, I like the design and as you say iPad = iPod, very nice inspiration.

Halawala
January 20th, 2007, 02:06 AM
Well, an iPod is almost rectangular with soft edges--so creating a tower resembling that is not that far off.

bizzybonita
February 5th, 2007, 02:47 PM
whataa owsome design :nuts:

THE DUBAI GUYS
March 31st, 2007, 03:05 PM
Omniyat to launch The Pad
Omniyat Properties will launch its residential project The Pad at the International Property Show in Dubai next week. The $136m, 24-storey tower is located at Business Bay in Dubai. It has 231 apartments ranging from studios to one and two bedroom apartments in varying configurations. Designed by Iraqi born architect Zaha Hadid, units will be packed with technological features.

didnt know Zaha Hadid designed it...

R

AltinD
March 31st, 2007, 05:19 PM
^^ No she didn't.

Also notice that the article talks about PAD and not iPAD. The iPAD was designed by a Hong Kong architect so The Pad is either a totally different project, or a redesign and REBRAND of the iPad.

THE DUBAI GUYS
March 31st, 2007, 06:35 PM
well their website looks like this:

http://i11.tinypic.com/2rfgdjn.jpg

R

THE DUBAI GUYS
April 1st, 2007, 02:13 PM
this shuld clear everything up:


Dh500m The Pad to be launched at IPS
BY A STAFF REPORTER

1 ***** 2007


***** — Omniyat Properties, the real estate development arm of Omniyat Holdings, will launch the world's first cybertecture apartment ***** and the region's most technologically advanced ********, the Dh500 million 'The Pad', at the third International Property Show to be held at the ***** International Exhibition Centre from ***** 3-5, 2007.


The developer will also give visitors a preview of their upcoming project by architect Zaha Hadid. The project is to be revealed at the British Museum in ****** later.

'The Pad', considered the first cybertecture apartment ******** in the world, was first revealed during the Cityscape ***** 2006. The ***** was designed by James Law, James Law Cybertecture International, a consultancy based in Hong Kong and specialising in the design and strategy formation of cybertecture projects.

Cybertecture incorporates the latest technology to give the space the intelligence needed to react, interact and communicate with its users. Structures that incorporate cybertecture within their design aim to enhance and improve quality of life by harnessing the power of technology.

The Dh500 million ($136 million) residential ***** is being built on the extension of ***** Creek in the Business Bay Development, which is accessible from the Shaikh Zayed Road with access to ***** Mall. It is set for completion in the fourth quarter of 2009.

The 24-storey residential ***** will contain 231 apartments varying in sizes — ranging from studio to one and two bedroom apartments and varying sizes and types of lofts. Every Pad apartment will be intelligent and have its own cybertecture that covers everything from communications, entertainment to shopping.

All apartments in The Pad, and the ******** itself, will integrate technological features that will expand the boundaries of the home and make the entire ******** a reactive living space.

"In commissioning James Law we wanted to create something for the future, a timeless, interactive, intelligent ******** that pushes the boundaries of architectural design and revolutionises the way people interact with their surroundings. The Pad is a signature property that reflects the company's philosophy and vision of creating the most distinct, innovative and technologically advanced properties in the region," said Mehdi Amjad, President and CEO of Omniyat Properties.

R

philvia
April 1st, 2007, 08:27 PM
http://www.skyscrapercity.com/showthread.php?t=424928

AltinD
April 2nd, 2007, 03:23 PM
There was a 2 page ad on the paper today. The design is the same, just the name changed to simply PAD.

THE DUBAI GUYS
April 4th, 2007, 04:09 PM
from the GN
He was speaking to Gulf News during the first day yesterday of the International Property Show in Dubai, where Omniyat show-cased its iPod lookalike, The Pad.

The high-tech 24-storey tower includes 231 apartments and is tilted at a seven degree angle.

Mehdi said the Dh500 million tower is on course for completion in the fourth quarter of 2009 and is already 75 per cent sold out.

Omniyat has so far launched and sold four commercial towers and one residential project with a value of more than Dh2.7 billion.

Its investment portfolio will be worth Dh10 billion by the end of the year.


R

R

dubaiflo
April 12th, 2007, 06:57 PM
http://i12.tinypic.com/2n23g48.jpg

leaning 7degrees angle

Imre
April 15th, 2007, 07:12 AM
The Pad- The future starts here!!

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/overview_01.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/overview_02.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/overview_03.jpg


http://www.gowealthy.com/realestate/uae/dubai/thepad/images/inter_01.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/inter_02.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/inter_03.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Intr_01.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Intr_02.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Intr_03.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Loft-Intr_01.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Loft-Intr_02.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed-Loft-Intr_03.jpg



First cybertecture apartment tower in Dubai, The Pad presents an entirely new approach in design and construction that empowers the building with a symbiotic mix of technology, architecture and interior design.

Tilting at a 7-degree angle and overlooking the waterway at Dubai Creek, The Pad is an amazing feat of engineering and design; its exterior is a truly unique proposition. Flaunting convention from its very inception, The Pad personifies 21st century living, through its innovative use of technology and design, and offers its inhabitants the best of convenient, safe, entertaining, trendy and healthy living spaces. The Pad is sure to turn heads as its unique tilt and illuminated façade create a stunning vision.

The Pad is associated with cool living accommodation that seamlessly interacts with modern technology. The 24-floor building this real estate development contains 231 'intelligent' apartments ranging between studios, 1 & 2 bedroom apartments in a variety of sizes. Every apartment has its own cybertecture that has many technologically advanced features to provide a unique experience - everything from communications, entertainment, health and shopping would be covered by the cybertecture. Each of this building’s 24 floors enjoys intelligent interior design, open spaces and panoramic views.

The interiors of The Pad have been intelligently designed with extra storage capacity in designated rooms on every floor, and will be fitted with high quality fittings and appliances specially chosen and designed for the project. The Pad integrates a multitude of technologies to expand the boundaries of your home, with the help of numerous iFeatures related to entertainment, communication and much more.

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/Location-small_01.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/Location-small_02.jpghttp://www.gowealthy.com/realestate/uae/dubai/thepad/images/Location-small_03.jpg

The Pad Features


• Retail area
• Parking
• iClub
• Swimming deck
• Media jacuzzi
• Underwater concert
• Media deck chairs
• Aerobics section
• Lap pool
• Half basketball court
• Running track
• Barbeque & gathering Area

iFeatures

• iEntertainment
• iReality
• iFamily & Friends
• iHealth
• iCustomization
• iSecurity
• iControl
• iArt
• iAmbiance
• iPod Dock
• iMessaging
• iToggle
• iRotation Room

Prices(AED)
Studio 1,261,334 -
1 Bedroom 1,329,907 -
2 Bedroom 3,307,249 -

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed_Apt_Type_A.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/1Bed_Apt_Type_B.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/2Bed_Apt_Type_A.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/2Bed_Loft_Apt_Type_A_Entry_.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/2Bed_Loft_Apt_Type_A_Mezz.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/residentail_FN_17.jpg

http://www.gowealthy.com/realestate/uae/dubai/thepad/images/residentail_FN_22B.jpg



more info here:
http://www.gowealthy.com/realestate/uae/dubai/thepad/index.asp

malec
April 15th, 2007, 10:17 AM
So they have completely gotten rid of the ipod reference? Good to hear

dubaiflo
April 15th, 2007, 02:52 PM
and awesome to see those apts and feature..

if it really turns out like this.. omg.. O M G!

Gregorious
April 23rd, 2007, 09:44 AM
The outside is not so ..... u know .... good!

dubaiflo
April 23rd, 2007, 05:54 PM
^^ it is freakin leaning, this alone makes it good.

Krazy
May 11th, 2007, 04:43 AM
http://img142.imageshack.us/img142/2113/padrv7.jpg

dubaiflo
May 11th, 2007, 02:21 PM
^^ i am so excited about this project.. :D i just love such things..

anyway they got the name wrong...

ZZ-II
May 11th, 2007, 06:31 PM
love it too, can't wait so see it finished

dazz
May 12th, 2007, 06:59 PM
its name should be iTower :)

BinDubai
May 13th, 2007, 12:03 PM
thats one hell of an IPod :lol:
nevertheless the interior looks stunning and very futuristic

rexdmx
May 14th, 2007, 12:19 PM
this ought to be fun

http://i6.tinypic.com/4zsw0sx.jpg

the leaning tower of business bay
http://i9.tinypic.com/4vqyk1v.jpg
http://i8.tinypic.com/4pb63wl.jpg
http://i6.tinypic.com/
http://i3.tinypic.com/5yunz7q.jpg
http://i10.tinypic.com/4osgj21.jpg

parking
http://i10.tinypic.com/6bko57d.jpg

I-REALITY
http://i3.tinypic.com/63tnl84.jpg

I-CONTROL
http://i9.tinypic.com/669n6o9.jpg

I-ART
http://i8.tinypic.com/4uxzgww.jpg

I-AMBIENCE
http://i8.tinypic.com/62zopl4.jpg

dubaiflo
May 16th, 2007, 12:17 AM
just awesome.

do you think this is worth an investment at 3.5m Dhs for 2bed front facing like the floorplan above?

rexdmx
May 16th, 2007, 11:53 AM
as i told you before florian it is a little steep but the location is really good and there is still a good chance for an upswing...

just awesome.

do you think this is worth an investment at 3.5m Dhs for 2bed front facing like the floorplan above?

Tina1511
May 28th, 2007, 10:27 AM
what an amazing experience it will be to live here. Are there any such hi tech building in the world or is this the only one.

Gregorious
May 28th, 2007, 11:17 AM
Its like those movies where the house is controlled by a computer!

mushtaq
May 28th, 2007, 01:05 PM
Anyone bought in this tower? Any experience of the developers? I mean will they deliver what they say and when they say they will.

Tina1511
May 28th, 2007, 01:25 PM
Anyone bought in this tower? Any experience of the developers? I mean will they deliver what they say and when they say they will.

we have to wait & watch till its ready

rexdmx
May 28th, 2007, 02:08 PM
the developers are splendid though always bringing out the latest cutting edge technology to dubai (property wise...)

we have to wait & watch till its ready

Gregorious
May 30th, 2007, 09:50 AM
^^ Yeah.....all their designs are ultra modern! :cheers:

Julito-dubai
July 3rd, 2007, 12:12 PM
http://www.alineah.com/apartment/986/detail.htm

whats that in the last picture? looks like an extension coming out of the building. Looks like half of the building can be lifted up...

AltinD
July 3rd, 2007, 04:33 PM
^^ That was to show the interiors, basically just a "flexible" model in Cityscape exibition.

Krazy
August 27th, 2007, 08:23 PM
Omniyat Properties breaks ground on the USD136 million 'The Pad'


Omniyat Properties, the real estate development arm of the UAE headquartered Omniyat Holdings, has broken ground on its USD136 million (AED 550 million) technologically advanced apartment tower - 'The Pad'- in Dubai's prestigious Business Bay district.


http://www.ameinfo.com/images/news/5/44515-OmniyatPropertiesbreaksgrou.jpg
Omniyat Properties breaks ground on the foremost technologically advanced building in the world


'The Pad', designed by James Law Cybertecture International, is set to be a world leader in technologically advanced residential buildings when it will be completed in the fourth quarter of 2009.

'This is the beginning of a new era which will see us once again push the boundaries of futuristic lifestyles,' said Mehdi Amjad, President and CEO of Omniyat Properties who lead the ground breaking ceremony together with Hashim Al Dabal, Chairman of Dubai Properties, Business Bay's master developer

''The Pad' is expected to set new standards of design for the Middle East and beyond,' Amjad continued. 'The project, which was revealed for the first time during Cityscape Dubai 2006, attracted huge media attention from all over the world, especially in the markets which have already been mesmerised by the sheer scale and scope of developments in Dubai. Interest internationally is now running high. This totally integrated residential complex personifies 21st century living in every way.'

Al Dabal hailed 'The Pad' as an exceptional addition to Business Bay which is taking shape along Dubai's historic Creek and is aimed at becoming the Arabian Gulf's unrivalled business district.

'Business Bay has already attracted developers delivering innovative designs, but the concept of 'The Pad' lifts its appeal to a whole new level,' he said.

'The Pad' will have 231 'intelligent' apartments ranging from studios to one and two-bedroom units as well as a range of 'loft' homes. The I features in each apartment covers everything from communications and entertainment to shopping which all fuse a plethora of technologically advanced features, making the entire building a reactive.

The podium of 'The Pad' tower includes a truly unique and inspirational clubhouse space for the exclusive use of residents. This 'iClub' is designed around the theme of digital water, real water and digital projections that create a stunning setting for this complex of communal facilities. The exclusive club will feature a state-of-the-art gym, running track, half basketball court, a swimming pool fitted with an underwater audio system (iUnderwater concert and a Media Jacuzzi equipped with waterproof touch-screens. The exclusive resident's club will also provide residents with their own unique meeting lounge, chill out lounge, party room, games room, library and an outdoor sunset terrace.

Enabling works contractor on 'The Pad' is the Dutch Foundation and Concrete Processing Company which expects to complete the foundation phase within three months at a cost of US$2.2 million.

'The Pad' is the first residential and the sixth Business Bay development to be undertaken by Omniyat Properties. The company is also behind The One Business Bay, Bayswater, The Binary, The Gemini, and The Opus and freehold commercial towers, all of which have iconic designs and futuristic lifestyle features.

'This latest investment in Business Bay is yet another visible demonstration of our total belief in the future of this district, which will be one of the world's signature commercial centres, attracting blue chip organisations and underpinning Dubai's status as a global business hub,' said Amjad.

Omniyat Properties' Dubai's development portfolio now stands at US$ 738 million (AED 2.7 billion) and planned expansion is expected to push this to US$ 2.75 million (AED 10 billion) by the end of this year.

Escoto_Dubai2008
August 28th, 2007, 01:20 AM
The tower is amazing and it's a great new that is under construction.

THE DUBAI GUYS
September 1st, 2007, 01:57 PM
Omniyat invites bids
CONSTRUCTION UAE
31 Aug 2007
The local Omniyat Properties has approached contractors for its AED 500 million ($136 million) tower project at Business Bay. The Pad tower, designed to resemble an Apple iPod, will slant 7 degrees and include 231 apartments and a fitness club. Completion is scheduled for late 2009. Hong Kong’s James Law Cybertecture International is the architect.

R

Imre
October 31st, 2007, 08:55 AM
Al Rostamani Pegel is the main contractor of The Pad , so we can expect good works there.

Pea-Tear-Griffon
November 2nd, 2007, 12:07 AM
Al Rostamani Pegel is the main contractor of The Pad , so we can expect good works there.

Not familiar with them... what are some of there previous projects that you know of?

Imre
November 2nd, 2007, 05:32 AM
this is a very big company with good projects, I dont know the interior because I havent been inside of their project but from outside looks good.

Indigo Tower (JLT)
Indigo Icon (JLT)
Concorde Tower (JLT)
Al Rostamani Maze Tower (SZR)
21st Century Tower (SZR)
Tamani Hotel Marina (Number 1 Dubai Marina) (Dubai Marina)
Roshana Tower (Dubai Marina)
The Buildings ( DIFC)-- not sure

and I think EL Matador as well

I know these but I am sure they have more.

Imre
November 2nd, 2007, 11:49 AM
+Tiffany Towers (JLT), I saw today the flag

Pea-Tear-Griffon
November 5th, 2007, 02:32 AM
this is a very big company with good projects, I dont know the interior because I havent been inside of their project but from outside looks good.

Indigo Tower (JLT)
Indigo Icon (JLT)
Concorde Tower (JLT)
Al Rostamani Maze Tower (SZR)
21st Century Tower (SZR)
Tamani Hotel Marina (Number 1 Dubai Marina) (Dubai Marina)
Roshana Tower (Dubai Marina)
The Buildings ( DIFC)-- not sure

and I think EL Matador as well

I know these but I am sure they have more.

Thanks Imre. I guess they like the name Indigo.:lol:

bizzybonita
November 6th, 2007, 10:55 PM
http://www.luxurylaunches.com/entry_images/1007/18/Jacuzzi_J400_1.jpg


This time Jacuzzi takes the crown away for their new J400 collection. Although bathtubs integrated with LCDs and radios are not uncommon, this is the first time I have come across a tub with an iPod docking station. Naturally with the whole world becoming obsessed with the iPods, this is undoubtedly anticipated. The J400 collection renders latest AquaSound Audio System with iPod docking station along with the illuminated jets, elevated waterfall, various massage therapies, CD player, AM-FM radio, 4 waterproof micro-speakers, floating remote control and MP3 jack with stereo option. Wow, with all these features, expect your family to knock at your bathroom door with ‘when-will-you-get-out-of-bath?’ Moreover you can select a hot tub that is big enough for you a few of your closest family or friends. The backlit cascading waterfall of this elegant tub steals the show.
http://www.luxurylaunches.com/entry_images/1007/18/Jacuzzi_J400_2.jpg
This collection also features four models with different cabinetry finishes to complement your bath decor. The elegant wooden finish of the tub can further be coordinated to the illuminated interiors with optional ProLites exterior LED accent lighting that brightens the area outside the hot tub. Also look for built-in handrails, ergonomic seating, convenient cup holders, new PowerPro jets, authentic metal detailing on jet escutcheons as well as innovative adjustable pillows for utmost comfort.
http://www.luxurylaunches.com/entry_images/1007/18/Jacuzzi_J400_3.jpg

R

ANTAL
November 19th, 2007, 08:45 PM
Nice design... Modern but not crazy... I like it. :)

Þróndeimr
November 25th, 2007, 12:33 AM
Loads of large size renderings can be found here (http://www.archiportale.com/progetti/schedaprogetto.asp?pag=1&idprog=3245&immagine=m%5F3245%5F2%2Ejpg)!

http://img.photobucket.com/albums/v188/cityx/Architecture/iPadResidentialTower1medium.jpg

http://img.photobucket.com/albums/v188/cityx/Architecture/iPadResidentialTower3medium.jpg http://img.photobucket.com/albums/v188/cityx/Architecture/iPadResidentialTower2medium.jpg

http://img.photobucket.com/albums/v188/cityx/Architecture/iPadResidentialTower5medium.jpg

Imre
December 6th, 2007, 11:45 PM
06/December/2007

The PAD

2 workers at the site:)

http://img222.imageshack.us/img222/5804/imresolt142ms1.jpg (http://imageshack.us)

http://img227.imageshack.us/img227/1306/imresolt143hv8.jpg (http://imageshack.us)

http://img144.imageshack.us/img144/6936/imresolt147nv3.jpg (http://imageshack.us)

http://img401.imageshack.us/img401/262/imresolt148yz0.jpg (http://imageshack.us)

Imre
December 6th, 2007, 11:49 PM
06/December/2007

Burj Dubai from the Pad plot (Business Bay)

http://img258.imageshack.us/img258/2476/imresolt145kp6.jpg (http://imageshack.us)

http://img227.imageshack.us/img227/7168/imresolt149ue1.jpg (http://imageshack.us)

Imre
December 20th, 2007, 04:59 PM
20/December/2007

The Pad

http://img240.imageshack.us/img240/3143/imresolt175bk3.jpg (http://imageshack.us)

http://img413.imageshack.us/img413/2028/imresolt178zy1.jpg (http://imageshack.us)

Imre
January 3rd, 2008, 06:39 PM
03/January/2008

The Pad , 2 workers at the site :)

http://img299.imageshack.us/img299/7972/imresolt038ov1.jpg (http://imageshack.us)

http://img168.imageshack.us/img168/7172/imresolt040ok6.jpg (http://imageshack.us)

AITU
January 3rd, 2008, 07:09 PM
I reckon these two know what they are doing and have a good grasp of things......June 08 handover? :)

bizzybonita
January 14th, 2008, 02:52 PM
http://www.archiportale.com/immagini/FileProgetto/b_3245_3.jpg?346,687



Interiors Render

http://www.archiportale.com/immagini/FileProgetto/b_3245_8.jpg?734,4433

http://www.archiportale.com/immagini/FileProgetto/b_3245_9.jpg?505,241

http://www.archiportale.com/immagini/FileProgetto/b_3245_4.jpg?306,0375

http://www.archiportale.com/immagini/FileProgetto/b_3245_5.jpg?158,2714

http://www.archiportale.com/immagini/FileProgetto/b_3245_7.jpg?600,227

http://www.archiportale.com/immagini/FileProgetto/b_3245_6.jpg?60,06586

ardi
January 15th, 2008, 10:02 AM
Interior looks like a cellphone shop or electronic store:lol:

The whole building looks like a toy.

bizzybonita
January 15th, 2008, 09:45 PM
no imagination on those render ......

THE DUBAI GUYS
January 27th, 2008, 07:26 PM
Omniyat Properties awards The Pad main construction contract to Al Rostamani Pegel

Omniyat Properties has announced the award of the main construction works for The Pad to a UAE-German joint venture company, Al Rostamani Pegel.
United Arab Emirates: 5 hours ago PRESS RELEASE

Works have already commenced and completion has been set for December 2009.

'The Pad has already earned several awards and distinctions from the international development community for its advanced technological design and functionality,' said Mehdi Amjad, President and CEO, Omniyat Properties.

'The project will be central to Business Bay's global appeal epitomizing the 21st century digital age.'

The Pad, an iconic 24-storey futuristic tech-savvy tower, recently won the very prestigious 'Best International Apartment' honour at the CNBC International Property Awards in Las Vegas, the largest industry accolades of their kind in the world.

'The Pad has been a phenomenal success since its inception winning regional and international awards. The diversity of The Pad owners and the fantastic response we are still receiving, reflect the appeal and interest that the project had across the globe,' added Amjad.

'This project has been an ideal vehicle to reflect Omniyat's vision and ambition to become one of the most forward-thinking developers, not only in the region, but across the globe.'

The Las Vegas honour came hard-on-the-heels of three other accolades achieved by The Pad in the CNBC Arabia Property Awards 2007 when it was named 'Best Development,' 'Best Interior' and 'Best Marketing' for The Pad.

The Pad will feature 231 intelligent homes, ranging from studios to one and two-bedroom apartments and various types of lofts, which will incorporate leading-edge technology that will react, interact and communicate with residents to enhance lifestyles. The technology to be used includes project feeds (iReality), where residents can alter their views by projecting images of their choice onto windows.

It also features iFamily & Friends, a technology which allows residents to keep in touch with home when traveling via video conferencing links projected into the dining room. iRotation will provide residents with 360 degree views of Dubai and Business Bay while iAmbience reactive lighting will respond to incoming phone calls and residents' moods, providing a more personal and individual environment.

'This is an important contract for Al Rostamani Pegel. The chance to work on a world-beating project such as The Pad, which will help define the futuristic character of Business Bay, is a career highlight for all involved,' said Rolf Weber, Executive Director, Al Rostamani Pegel.

R

bizzybonita
February 5th, 2008, 08:52 PM
Good news
R

bizzybonita
April 1st, 2008, 09:37 AM
http://www.thepad.ae/

Imre
May 14th, 2008, 07:31 AM
13/May/2008

Agnes Koltay (Whitby and Bird , facades ) and James Law

http://img207.imageshack.us/img207/7996/imresolt223hn3.jpg (http://imageshack.us)

http://img301.imageshack.us/img301/9903/imresolt219ey1.jpg (http://imageshack.us)

http://img440.imageshack.us/img440/5318/imresolt211zn4.jpg (http://imageshack.us)

LoverOfDubai
May 14th, 2008, 08:01 AM
As we all know, this building stands at an angle. Now, does anyone know what the orientation of the building is? In other words, is the front facing north and the back facing south (or vice versa or are they facing East and West)?

234sale
May 27th, 2008, 02:07 PM
http://i28.tinypic.com/687tkn.jpg
http://i26.tinypic.com/11186s6.jpg
http://i28.tinypic.com/70ucfl.jpg

Building Angular columns is going to take alot longer than vertical ones..

bizzybonita
May 28th, 2008, 08:19 AM
it's nice to see reall progress in this project :)

Money2Burn
June 12th, 2008, 04:04 PM
As much as I like the whole iPod craze and use an iPhone myself, I am also asking my self how cool it would be to live today in "The Walkman Tower":|
You can not even buy an iPod having that shape anymore and it will take another 2 years for the pople to actually move in. With the speed of technological progress we have these days, this might potentionally turn into a really lame building once the whole B.B. is finished...
The interiors remind me of an ice cream shop or Axiom but the iFeatures must be nice to have for sure.

Dubai Addiction
June 12th, 2008, 05:45 PM
At least this one is being build, you cannot say that with all towers in BB

Joy Machine
June 14th, 2008, 11:26 PM
I love the interior. I'd want blue and purple. :) This is actually sorta how I envision people living :)

234sale
July 23rd, 2008, 01:24 PM
http://i36.tinypic.com/2945g1i.jpg
http://i34.tinypic.com/s5w7sg.jpg

Stephan23
July 23rd, 2008, 06:11 PM
Also here - change status to under construction !!!

Unbelievable how much towers now u/c in BB! :omg:

Tquest
July 24th, 2008, 12:38 PM
M really looking forward to see this one come up and develop- should be just as interesting as seeing the SQF prices of the pad develop!!!! wonder if the gap to the others will really end up that big!

Mavekris
July 24th, 2008, 02:55 PM
aa

Mavekris
July 24th, 2008, 02:58 PM
^^I am sure all the cell phone shop owners will be moving to THE PAD once it completes.

The interiors look like some cell phone shop with lot of bling.

omniyat will change the name as DUBAI CELL PHONE CENTRE i am sure this place will rock :cheers:

ardi
July 27th, 2008, 01:14 PM
^^Interior looks like a cellphone shop or electronic store:lol:

The whole building looks like a toy.



This idead could work for a hotel, and short stay but imagin living in this building for your life, you'll be psycho shortly after you move in.

ramki007
August 29th, 2008, 04:52 AM
I own a 1bdroom creek facing, Omniyat is raising prices crazly, not sure if they are realistic, 1bdroom loft or 2bdroom is 7500 SQft/AED, how are the prices in Business bay

can somebody post prices of other good projects in BB

docc
August 29th, 2008, 07:42 AM
7500/Sft? Good luck with that Omniyat.

Wouldn't i just purchase some in Burj Dubai District if i had that kind of money? Where did you see these prices listed? I can still find properties on gnads4u in the 3000/Sft price range which in itself is over-inflated!

DaYFox
August 29th, 2008, 12:08 PM
7500ADE/sqfet? Where can I buy? I have to hurry, because I think soon there will not be much left... :lol:
:bash::bash::bash::bash::bash::bash::bash::bash::bash::bash::bash:

Mavekris
August 29th, 2008, 03:41 PM
Ramki hurry up make a deal with dayfox before he changes hin mind:lol:

ramki007
September 2nd, 2008, 05:53 AM
7500/Sft? Good luck with that Omniyat.

Wouldn't i just purchase some in Burj Dubai District if i had that kind of money? Where did you see these prices listed? I can still find properties on gnads4u in the 3000/Sft price range which in itself is over-inflated!

683.94 sqft 1bdroom is listed at 3077730 AED and Omniyat says 1bd rooms are sold out, which is at 4500AED/Sqft

they are selling 1bdroom lofts for 7500 AED/sqft

ramki007
September 2nd, 2008, 05:56 AM
the ads you are seeing on Gnads4u might be burj facing not creek facing :ohno:

docc
September 2nd, 2008, 07:59 AM
Can't wait for the damn correction to set in to prevent this kind of unrealistic prices.

234sale
September 13th, 2008, 03:33 PM
http://i38.tinypic.com/2eydy6r.jpg

234sale
November 12th, 2008, 02:57 PM
http://i36.tinypic.com/2a616qc.jpg

234sale
November 19th, 2008, 08:40 AM
http://i34.tinypic.com/30v2ohu.jpg

234sale
December 8th, 2008, 09:19 AM
http://i38.tinypic.com/qz3syt.jpg
http://i33.tinypic.com/fjj8mr.jpg

234sale
December 15th, 2008, 08:41 AM
http://i35.tinypic.com/34rhj4y.jpg

Imre
January 9th, 2009, 04:19 PM
ON HOLD or U/C ?

I have heard the the Omniyat put many projects ON HOLD , they want to finish those towers which almost ready

09/January/2009

The PAD

http://img404.imageshack.us/img404/3195/imresolt094ge0.jpg (http://imageshack.us)

http://img404.imageshack.us/img404/8169/imresolt095lc3.jpg (http://imageshack.us)

Money2Burn
January 16th, 2009, 04:17 PM
Why is it that so many project have gone on hold since the sh1t has hit the fan? Didn't they collect enough money from the sales or did they really spend it all on something else?

Tquest
January 17th, 2009, 05:11 PM
considering the pricerange for this project i guess it would be one of the first to be put on hold- this super exclusive stuff is selling even worse than the regular stuff nowadays. does anyone know what %age has been sold out already?

ardi
January 17th, 2009, 05:29 PM
Spent it stock market and smoked.

234sale
January 24th, 2009, 05:12 PM
http://i41.tinypic.com/fxe3wh.jpg
http://i39.tinypic.com/20rjvq9.jpg

Skyscraperneighbor
January 24th, 2009, 10:33 PM
Some Pics from James Law Cybertecture site

http://i42.tinypic.com/241qvs5.jpg

The-King
January 25th, 2009, 02:46 AM
construction is going on at night, very good sign!

and awesome renders too!

jash2k
January 25th, 2009, 06:06 PM
this project was sold out 1 year back
we have already paid 75%
Delivery was suppose to be October 2009 ,
seeing the pics i don't think they can make this ready before March 2010
this will be an iconic product
hope for the best

ramki007
February 1st, 2009, 07:06 AM
this project was sold out 1 year back
we have already paid 75%
Delivery was suppose to be October 2009 ,
seeing the pics i don't think they can make this ready before March 2010
this will be an iconic product
hope for the best

We bought 1bdroom creek facing, 50% paid
is it sold out? i am not sure but everytime we get availblity list
it show us the price hike and different apts
i hope atleast by march 2010 its done, contract says they are going to pay interest but not sure

DaYFox
February 1st, 2009, 11:52 AM
My estimation would be that this one is not ready for handover before Mid of 2010. More likely it will be end of 2010!

jash2k
February 13th, 2009, 11:54 AM
any updated pictures on this project ?
is the work goin on ?

Money2Burn
February 13th, 2009, 12:09 PM
who in their right mind can look at pictures of very very very early construction progress (not even the podium is finished people!) and expect to have the hand over in one year taking into account the exclusive fit out and smart technology to be installed?

Before March 2010? If this is ready before March 2011 I eat my toe nails.

234sale
February 15th, 2009, 08:20 AM
http://i39.tinypic.com/52dmhj.jpg

jash2k
February 15th, 2009, 11:51 AM
thanks 234sale for your great work on updating us

i am worried about this project as in the past 1 month i see no visible progress
75% paid , 10% work done . no visible change , very slow work
completion was 2009 october
if there are more people here who have bought appartment in The PAD, may be
we can make a group and speak to omniyat about the future of this project

Money2Burn
February 16th, 2009, 10:40 AM
and i thought damac had rip-off payment plans :)

234sale
March 2nd, 2009, 02:51 PM
http://i42.tinypic.com/2805nk3.jpg

bizzybonita
March 2nd, 2009, 03:40 PM
very slow progess so far , looks they are facing a lot of difficulty because the inclination of tower ( a heavy storm bring it back :D )+The main contractor looks so weak even with materials they use in it !

jash2k
March 10th, 2009, 12:12 PM
yes very slow progress., and they have already taken 75% payment
and want more money in june ,
if there are more owners of The Pad here, we could make a group and speak to
the management about it

234sale
March 10th, 2009, 02:12 PM
suggest www.dubaipropertyclaims.com,, please dont use ssc for legal claims, buying or selling.

234sale
March 17th, 2009, 12:49 PM
http://i42.tinypic.com/2h873hy.jpg

jash2k
March 22nd, 2009, 01:04 PM
are these 2 buildings or 1 ?

i see some people working on a structure in the front and in the back side a structure is already built . is the back structure part of the pad?
or are they 2 different projects ?

if you see march 2nd picture, there was no structure on the back side
and march 17th picture has a long structure, in 15 days such a major progress?

bizzybonita
March 24th, 2009, 07:43 AM
It's 2 different project :) ... still the same rate of progress nothing changed !

ramki007
March 25th, 2009, 05:45 AM
guys if you are serious, we can form a group and speak
i read the contract and they said if they dont give the delivery by june 2010
they will pay 5% interest. is that what all you guys see

lets form a group and talk
i am in US, i can call everybody if they are ready

thanks

trn77
March 31st, 2009, 11:16 AM
honestly speaking i agree with "money2burn", this one aint finishing by 2010.
234sale what do you think?? do you see much progress with rgds to construction??

trn77
March 31st, 2009, 11:18 AM
guys if you are serious, we can form a group and speak
i read the contract and they said if they dont give the delivery by june 2010
they will pay 5% interest. is that what all you guys see

lets form a group and talk
i am in US, i can call everybody if they are ready

thanks

dude, 2010 is a long shot - The best is to try and get Omniyat to not take anymore money up until hand over. That way they will push construction harder as they need the money as like all developers do!!

DubaiDreamz
March 31st, 2009, 04:19 PM
I have got a visit to site on Thursday so will try and post updated pictures although I am not expecting much change from the previos shots!

I had a meeting with Omniyat just last week regarding a few items, mainly the fact that they want the next payment even though they are months behind. However they atated that they are no longer willing to defer any more payments!! I don;t know if anyone else has had the same response? Talk about no give and all take! They are also still saying that completion will be by the end of the year!! What rubbish. I could not believe it!

As they are so keen to get their money on time, I know I will be prepared in June 2010 to be hammering on their door demanding MY interest (as per the bloody contract!).

Fortunately if it does ever get built it should be far superior than anything else in Dubai however with their current attitude it better had be !

Oh well, I'm getting used to this treatment in Dubai

234sale
April 1st, 2009, 12:33 PM
15/1/09
http://i39.tinypic.com/52dmhj.jpg
1/4/09
http://i39.tinypic.com/2mdic94.jpg

DaYFox
April 2nd, 2009, 12:37 AM
looks very much on hold I have to say...

jash2k
April 4th, 2009, 04:56 PM
@ dubai dreamz did you visit the site ? what is the update ?

234sale
April 6th, 2009, 01:01 PM
http://i42.tinypic.com/e5oitv.jpg
http://i44.tinypic.com/e7xq8l.jpg

Imre
April 6th, 2009, 03:23 PM
06/April/2009

Burj Dubai and The Pad

http://i44.tinypic.com/w0gpcn.jpg

234sale
April 13th, 2009, 10:26 AM
http://i40.tinypic.com/10q9qmr.jpg

234sale
April 23rd, 2009, 08:48 AM
http://i42.tinypic.com/akbgps.jpg

234sale
April 30th, 2009, 09:13 AM
http://i40.tinypic.com/2rpuwpz.jpg

234sale
May 20th, 2009, 01:22 PM
http://i41.tinypic.com/2i20o7n.jpg

On Hold?

jash2k
May 24th, 2009, 04:21 PM
absolutely no progress in 20 days
shame on Omniyat properties they have taken 85% payment from customers

porshe911
May 24th, 2009, 07:28 PM
absolutely no progress in 20 days
shame on Omniyat properties they have taken 85% payment from customers

That what I wonder , if all investors paid more than 80% in most of
These projects why they either on hold ,shoring and pilling ,or did not started yet ….

Imre
May 25th, 2009, 06:20 PM
construction will restart soon, they have just redesigned something:)

bizzybonita
May 25th, 2009, 09:31 PM
probably the name " The BAD "

jash2k
May 28th, 2009, 04:48 PM
they have not informed the investors about the redesign

jash2k
June 25th, 2009, 01:38 PM
any update on this project?

234sale
June 25th, 2009, 01:43 PM
No workers, on hold

234sale
July 8th, 2009, 03:27 PM
http://i30.tinypic.com/5yf9xz.jpg

Imre
July 28th, 2009, 08:57 AM
still redesigning ,the leaning will be only 3 degrees and many things already cancelled to save money.

234sale
August 4th, 2009, 01:28 PM
http://i26.tinypic.com/212h4lj.jpg

BlueBath
August 12th, 2009, 07:42 AM
probably the name " The BAD "


Hi Guys ! there is a common say..."don't put all your eggs in one basket ":ohno:. I did once in 2008 by paying a HUGE premium to Omniyat. Perhaps one of my GOLDEN egg with the SILVER,s ! Now paying the price for my stupidity !!!...... absolute disaster :nuts:

bizzybonita
August 13th, 2009, 08:01 PM
BTW , All Dubai new projects uncompleted 30-50% except for specific area such as ( JBR, Palm Jumeriah ,Dubai marina , JLT , Downtown Burj Dubai , DIFC , SZR .... etc ) they fabulously show us they can't build all of Dubai new projects in same time with same progress no way ...no matter what developers ARE !

investors should be aware of plan Z i guess

Dubaiiscool:)
October 28th, 2009, 01:18 PM
A high-profile Dubai residential project, dubbed one of the world's most high-tech, is unlikely to be completed on schedule, the architect who designed the tower has admitted.

“We are geared towards completing the project in 14 months,” an Omniyat spokesman told Arabian Business.

“However, the exact delivery date will depend on the outcome of discussions with Injaz (the entity that manages infrastructure delivery for Business Bay) to determine when infrastructure and power will be available.

“Once a date is finalised, we will realign our delivery timeline in accordance to the master developer’s plans,” he added.

http://www.arabianbusiness.com/571830-high-profile-dubai-project-faces-delay---architect

234sale
October 28th, 2009, 02:10 PM
6% is now 0% incline.

Imre
December 13th, 2009, 05:04 PM
This is total rubbish, they are blaming the master developer because of the infrastrucure??

:nuts::ohno:


Payments for The Pad put on hold by Omniyat Properties

Anjana Kumar on Sunday, December 13, 2009

Omniyat Properties will not collect any further payments from its investors on "The Pad", a residential building in Business Bay as the project's handover has been delayed, Emirates Business can reveal.

Further, the developer is suspending all construction work on The Pad project for an anticipated period of five months.

"We will collect no further payments from investors until we receive further clarification from the master developer vis-à-vis the infrastructure in Business Bay," said Omniyat in an e-mailed statement to the newspaper.

According to the developer, The Pad has been delayed due to the lack of completion of infrastructure in the master development, Business Bay.

http://www.business24-7.ae/Articles/2009/12/Pages/12122009/12132009_dce336e0485240bf96b5c01cdc53c24f.aspx

BlueBath
December 13th, 2009, 05:15 PM
This is total rubbish, they are blaming the master developer because of the infrastrucure??

:nuts::ohno:


Payments for The Pad put on hold by Omniyat Properties

Anjana Kumar on Sunday, December 13, 2009

Omniyat Properties will not collect any further payments from its investors on "The Pad", a residential building in Business Bay as the project's handover has been delayed, Emirates Business can reveal.

Further, the developer is suspending all construction work on The Pad project for an anticipated period of five months.

"We will collect no further payments from investors until we receive further clarification from the master developer vis-à-vis the infrastructure in Business Bay," said Omniyat in an e-mailed statement to the newspaper.

According to the developer, The Pad has been delayed due to the lack of completion of infrastructure in the master development, Business Bay.

http://www.business24-7.ae/Articles/2009/12/Pages/12122009/12132009_dce336e0485240bf96b5c01cdc53c24f.aspx



what the hell will happen for those who pays 50% down payment & 50% upon completion basis ???? send many emails to them......no one have the guts to response even !! All bull shit excuses ONLY........:bash::bash:

BlueBath
December 13th, 2009, 05:31 PM
[QUOTE=Imre;48413491]This is total rubbish, they are blaming the master developer because of the infrastrucure??

:nuts::ohno:


Payments for The Pad put on hold by Omniyat Properties

Anjana Kumar on Sunday, December 13, 2009

Omniyat Properties will not collect any further payments from its investors on "The Pad", a residential building in Business Bay as the project's handover has been delayed, Emirates Business can reveal.

Further, the developer is suspending all construction work on The Pad project for an anticipated period of five months.

"We will collect no further payments from investors until we receive further clarification from the master developer vis-à-vis the infrastructure in Business Bay," said Omniyat in an e-mailed statement to the newspaper.

According to the developer, The Pad has been delayed due to the lack of completion of infrastructure in the master development, Business Bay.




What the hell will happen to those who paid 50% down payments and 50% upon completion basis ??? sent many emails to them......no one have the guts to respond even....... speak out OMNIYAT !!:bash::bash::bash:

Tquest
December 15th, 2009, 02:05 PM
'According to the developer, The Pad has been delayed due to the lack of completion of infrastructure in the master development, Business Bay. '

I think this will be a problem almost every building will face- the delays in infrastructure will make all extra efforts of the developers useless. what good is a finished building without a road/electric/water/etc.etc.???

DaYFox
December 15th, 2009, 04:03 PM
'According to the developer, The Pad has been delayed due to the lack of completion of infrastructure in the master development, Business Bay. '

I think this will be a problem almost every building will face- the delays in infrastructure will make all extra efforts of the developers useless. what good is a finished building without a road/electric/water/etc.etc.???

I think the answer can be given by looking at the pictures:

The Pad construction almost has not even started. By the day when this building is finished the infrstruture should be there. In this area most of the buidlings need a few more month/years and additionally infrastruture is not that far behind.
In face one of BB for instance infrstruture is 95% ready by now!

just my thoughts T ! ;) I might be wrong here but there are other experts around fortunately :)

234sale
December 15th, 2009, 07:46 PM
completion of a development is not depenant on the master developer, handover is though. example citadel. Complete but waiting for infrastructure. The pads developer is trying to pass the buck, they have no spare cash to finished the developments under c. They sold to much, they believed their own hype...

Imre
December 16th, 2009, 05:39 AM
I have heard that this developer gone, they cant pay for the contractors.

They still have some money in the escrow account thats why will have some activity at the Opus site or maybe another one but after just game over.

docc
December 16th, 2009, 07:29 AM
^^ Do you mean that this project is gone or the developer himself is gone? If it's the latter, its a bit of a shock since they have been quite prominent during the boom years.

234sale
December 16th, 2009, 08:10 AM
It was all just brilliant marketing. Shame as they had some great designs.

Imre
December 16th, 2009, 09:31 AM
^^ Do you mean that this project is gone or the developer himself is gone? If it's the latter, its a bit of a shock since they have been quite prominent during the boom years.

Developer but its just gossip from my friends.

What do you mean prominent?

They just spent lot of money for advertising, thats all.

Same as the ACI .

Imre
December 16th, 2009, 09:43 AM
Ok,sorry, much better than the ACI because they have something finished:)

234sale
January 7th, 2010, 02:06 PM
http://i49.tinypic.com/1z2oopu.jpg

Doge
January 8th, 2010, 04:33 PM
Hello Guys,

Seem that The pad will take longer than expectation. Under the contract we should receive payment of interest under our total payment with 2%.

Unfortunately, I expect that Omnyat will not pay us. After last talk with Omnyat properties, it seem that the causes are from Force Majeure. In fact under the contract if the delays are under "Force Majeure", Omnyat does not have the obligation to pays us interest on delay of delivery.

Now do you think that all the delay is due to the Master Developer?

If you have more information please fell free to share.

Thanks

kevin_1980in
January 8th, 2010, 05:22 PM
Paid hell lot of premium for this one after being impressed with their smart marketing :(

ramki007
January 11th, 2010, 05:51 AM
I talked with President of Customer relations at the Omniyat Holding,
she told me due to some power station not being built by Master developer, they are putting the project on hold for 6 months and i have asked her whats the next step
she said she has no more information and will email me the construction payment plan linked with RERA which i never got, i hope they restart.

234sale
January 11th, 2010, 06:01 AM
That excusses of no facilities is only valid if you have a completed project and you can't get connected. Why hold back from building it unless you can't or will not build it.

Imre
January 11th, 2010, 08:32 AM
I talked with President of Customer relations at the Omniyat Holding,
she told me due to some power station not being built by Master developer, they are putting the project on hold for 6 months and i have asked her whats the next step
she said she has no more information and will email me the construction payment plan linked with RERA which i never got, i hope they restart.


This is rubbish, first of all they have to build and after complain.

Why they dont give back the money for investors?

All gossips say this developer gone .

DubaiDreamz
January 11th, 2010, 10:30 AM
I spoke to someone about 4 months ago who had been sacked by Omniyat and although not working on this project he told me that they had no money and were using everything they had to finish off more completed projects. Therefore Pad work would definately not progress until other buildings had completed. Not sure how true this is but it seems to be holding up!

Any other idiots like me who have paid 70% to date? What good is a revised payment plan to me? Are they going to pay me back any money which has been overpaid as payments are ahead of those proposed by RERA?

No info coming to investors from Omniyat which is very very dissapointing and not a good sign at all. I met with them a few months ago and all they wanted was my money, not to give answers. I had paid too much to forfeit.

Enough is enough though. How do we go about salvaging (some/any) of the money invested????? Or is this one a right off? I am interested to hear anyone's thoughts.

BlueBath
January 12th, 2010, 08:37 PM
I spoke to someone about 4 months ago who had been sacked by Omniyat and although not working on this project he told me that they had no money and were using everything they had to finish off more completed projects. Therefore Pad work would definately not progress until other buildings had completed. Not sure how true this is but it seems to be holding up!

Any other idiots like me who have paid 70% to date? What good is a revised payment plan to me? Are they going to pay me back any money which has been overpaid as payments are ahead of those proposed by RERA?

No info coming to investors from Omniyat which is very very dissapointing and not a good sign at all. I met with them a few months ago and all they wanted was my money, not to give answers. I had paid too much to forfeit.

Enough is enough though. How do we go about salvaging (some/any) of the money invested????? Or is this one a right off? I am interested to hear anyone's thoughts.



Bro....very sorry to hear your situation. Now listen my position.....THIS SUPER STUPID BOOKED A PODIUM LEVEL 1BED ( the smallest unit ) at the end of 2008 by PAYING ALMOST 1.8mil AED (50% UPFRONT ) to none other than OMNIYAT itself !!! Just imagine what a HUGE PREMIUM they absorbed by selling their SMART MARKETING....:nuts::bash::nuts::bash:

BlueBath
January 12th, 2010, 08:49 PM
Omniyat cuts prices a tenth for units sold during 2008 peak

By

Parag Deulgaonkar on Tuesday, August 11, 2009

Omniyat Properties, a Dubai-based real estate developer, has reduced prices of its units by 10 per cent for projects sold during the peak of 2008, the company chairman told Emirates Business.

"We have done a price adjustment of 10 per cent for units sold in our projects during the peak of 2008 as construction costs now have come down. We have passed on the benefits to our customers," said Mehdi Amjad, Chairman of Omniyat Properties.

The developer yesterday began handing over residential units in its Dh800 million The Square project in Al Mamzar area of Dubai.

In April, Amjad told this newspaper it will deliver Pad and Binary in 2010, Gemini by the first quarter of 2011, Octavian and the Opus towards the end of 2011.

Omniyat has sold more than 85 per cent of its property portfolio, he had said.

"We have already sold more than 85 per cent of the projects and over 50 per cent of it [payments from buyers] has been collected. This has given us a solid platform to focus on delivery and construction."



After reading the above statement from the OMNIYAT CHAIRMAN............. I wrote dozens of emails by claiming 10% rebate just to subsidies my SUPER STUPIDITY. But till to date no one from OMNIYAT responded with a single word even......

kevin_1980in
January 12th, 2010, 09:43 PM
I talked with President of Customer relations at the Omniyat Holding,
she told me due to some power station not being built by Master developer, they are putting the project on hold for 6 months and i have asked her whats the next step
she said she has no more information and will email me the construction payment plan linked with RERA which i never got, i hope they restart.

very unlikely. I dont know if any of you have paid premium. But, I paid huge premium. Problem is I cant hold Omniyat liable for the premium paid! Can I?

ramki007
January 16th, 2010, 05:44 PM
i paid 50% upfront on 1bd room marina facing upfront in 2007, i dunno if we are going to get any money back.
If they are not going to build this what can we do, will RERA help us
please lets form a group and take action.
I live in USA, i can schedule a conference and call everybody
i can schedule a 800 number for all
please let me know, my email id is ramayada@gmail.com
i am not sure i can give my email id here but MODS please let me know

BlueBath
January 16th, 2010, 08:49 PM
i paid 50% upfront on 1bd room marina facing upfront in 2007, i dunno if we are going to get any money back.
If they are not going to build this what can we do, will RERA help us
please lets form a group and take action.
I live in USA, i can schedule a conference and call everybody
i can schedule a 800 number for all
please let me know, my email id is ramayada@gmail.com
i am not sure i can give my email id here but MODS please let me know


count me, in your list...... pm me, if you get others response or proceed for a legal action.......:wallbash:

DubaiDreamz
January 17th, 2010, 12:56 PM
1) Regarding delays and claiming monies back it all depends if the claimed delay is to be considered a Force Majeure or not?
If not then according to my contract from 30/06/10 Omniyat will be liable for paying interest of 2% above 6 month EBOR rate for all monies paid up until that date until completion.
In addtion if completion does not occur by 31/12/10 and subject to 2 months grace (i.e. by 01/03/11) the Purchaser will have the right to claim back all monies and interest from the Developer.

THIS IS ALL AS LONG AS DELAYS ARE NOT CONSIDERED FORCE MAJEURE!

Unfortunately I see this is the only way that anyone will get their money back, unless the project is officially cancelled and then it will be even more difficult!

2) Regarding Omniyat and gossip of them going under, dissapearing etc. let's just stick to facts as Dubai has a history of chinese whispers. How are their other buildings going or is everyone in the same boat? This will be a good sign of things to come.

234sale
January 17th, 2010, 01:38 PM
It is any developers responsibility to perform to the contract, unless they can prove that some act or liability inhibits them moving forward with progress.

All sites use generators to build, but you need a DEWA connection certificate to get the Tecom Completion Certificate.

Now if the building was complete with no electricity, water or sewage then investors would still have a right to a claim under the terms of the contract.

My advice, use a lawyer who has experience in claims with developers.

Other members on here have been successful in ensuring developers perform to contracts. The people who face the most difficulties are the ones with no contract whatsoever. (Booking / Reservation Forms)

ramki007
January 17th, 2010, 10:43 PM
ANY advice on the good attorneys who have won the cases
lets form a group

234sale
January 19th, 2010, 01:53 PM
Make a facebook group for legal disputes, dont use ssc

234sale
January 20th, 2010, 07:39 AM
http://i50.tinypic.com/30jk9om.jpg

FYI - Temporary Chiller and Sewarage system installed at another site

Electrical Connnection should be available within 6 months to this area.

italyindubai
January 20th, 2010, 05:03 PM
1) Regarding delays and claiming monies back it all depends if the claimed delay is to be considered a Force Majeure or not?
If not then according to my contract from 30/06/10 Omniyat will be liable for paying interest of 2% above 6 month EBOR rate for all monies paid up until that date until completion.
In addtion if completion does not occur by 31/12/10 and subject to 2 months grace (i.e. by 01/03/11) the Purchaser will have the right to claim back all monies and interest from the Developer.

THIS IS ALL AS LONG AS DELAYS ARE NOT CONSIDERED FORCE MAJEURE!

Unfortunately I see this is the only way that anyone will get their money back, unless the project is officially cancelled and then it will be even more difficult!

2) Regarding Omniyat and gossip of them going under, dissapearing etc. let's just stick to facts as Dubai has a history of chinese whispers. How are their other buildings going or is everyone in the same boat? This will be a good sign of things to come.

No matter how you are going to look at things facts are that most developers have some of the money in their pockets. This thanks to the collusion of the Gouvernment who protects them as they are afraid each one of them may file for bankruptcy, something which will damage the already battered image of the country. The only way for investors to have a chance to see some money is either a "Coup d'Etat" (obviously impossible) or get together and publicly sue the Gouvernement for having (even if unwillingly) incentivated fraud practises. We are the As...W....., they the thieves.

kevin_1980in
January 22nd, 2010, 10:10 PM
Anyone who purchased units in secondary market and paid premium, please get in touch.

ramki007
January 22nd, 2010, 11:24 PM
I got 2 responses so far, please lets form a group and think through next steps

ramki007
February 4th, 2010, 03:43 AM
Anyone who purchased units in secondary market and paid premium, please get in touch.


Kevin,
Can you email me the copy of the judgement you got on the other property
and are you pursuing any legal action on this one?
Or do you know any one who has started any legal action

Thanks

my personal email is ramayada@gmail.com

SA BOY
February 4th, 2010, 09:40 AM
http://en.wikipedia.org/wiki/Force_majeure, doesnt cover bankers

kevin_1980in
February 4th, 2010, 06:54 PM
Kevin,
Can you email me the copy of the judgement you got on the other property
and are you pursuing any legal action on this one?
Or do you know any one who has started any legal action

Thanks

my personal email is ramayada@gmail.com

Hi Ramki007 just saw your message and sent you a pm. Hope you received it. Thanks.

BlueBath
March 6th, 2010, 11:34 AM
Dubai's "REAL" Deal...............


When even the lawyers are advising you against legal action, you know it has to be a last resort. While in Western countries, the recourse to law might perhaps be the first port of call for real estate investors who feel they have been let down by their developer partners, the message in Dubai to purchasers is, increasingly, negotiate wherever possible.

But despite making massive progress in the last couple of years, real estate legislation is still relatively embryonic in the UAE, and the system certainly differs in a number of significant ways from those established in the Western economies.

There are three strategies that developers can use to deal with projects that are so heavily burdened with defaulting purchasers that continuing to build is unfeasible, says law firm Clyde & Co.

Termination is often the first response, but while that may free up stock and can allow the developer to retain a portion of the purchase monies, it also doesn't usually result in any additional cashflow.

"The best that a developer can hope for is that it will be able to consolidate those remaining purchasers and by doing so will certainly reduce its development obligations - ie by transferring those developments out to another project, or perhaps phase the project over a period of time," explains Will Grinter, a Dubai-based Clyde & Co associate. Grinter believes that under those circumstances, termination might not be the best approach. Another option is enforcing the performance of obligations by the purchaser, which has the advantage of propelling the purchaser towards the negotiating table in order to search for a way forward.

"Law 9 is the one that everyone focuses on - it's the procedure to be followed and the amount of money that a developer can retain if a purchaser falls into arrears and the developer then cancels the contract," says Andrew Yule, an associate with Afridi & Angell. "Under that law the purchaser himself won't have the right to terminate the contract, that's for the developer to terminate.

Law 9 leaves the purchaser in the situation where he has to go to court to have the contract cancelled or to reach some agreement with the developer to have the contract cancelled."

And it's that process of negotiation that is the third option open to developers and purchasers, and according to Clyde & Co, it's by far the most effective way of moving forward. Negotiation can mean offering amendments to payment terms in the form of discounts or revised payment plans linked to construction progress, or consolidating purchases into smaller areas or into different projects.

"The fundamental point is that negotiators are trying to reach an outcome - it's a quicker solution, potentially less expensive than a termination strategy and it can result in additional cashflow," Grinter continues.

The big developers, such as Nakheel, Emaar, Pearl and Union Properties are already adopting this strategy, in conjunction with Dubai's Land Department and Real Estate Regulatory Authority (RERA).

"Developers can offer a unit in a finished building instead of one in a building that will never be built," says Craig Plumb, the regional head of research for real estate consultants Jones Lang LaSalle. "So if a developer has ten projects, and only ten percent of them are sold, they can put all of that ten percent of payments into one project and leave the other nine until demand returns."

The prevailing view appears to be that property investors should accept revised offers from developers rather than hang on for original real estate projects to make progress. "My advice to them would be that if a developer is offering them revised payment terms or an alternative property in another development that's in a more advanced stage of completion, take it," Richard Bell, another associate with Clyde & Co, believes.

"Because you'll either get a property, or if you don't, you are in no worse a position than you are now."

But while that seems to be a pretty easy way out of the mire - assuming the purchaser is happy with what is being offered - it's important for developers to be aware of the potential difficulties associated with interim registration.

If a purchaser agrees to move over to another property, he or she will need to be de-registered from his original choice and then registered again for the new unit.

"There are murmurs from the Land Department that they will actually treat this process as a sale back to the developer first and then a new sale in the second project," says Grinter. While the motives for such a move are clear - it's a nifty little revenue earner for the Land Department - from a cost perspective for the developer and the purchaser, it could prove hugely detrimental. So while it's hard to tell what approach the government agency will take on this issue, it's certainly something that both parties will need to bear in mind.

Furthermore, there is also no mechanism currently that requires a purchaser to move, so a developer's strategy is reliant on purchasers' willingness. From a planning perspective, developers need to have a plan to deal with what they might see as stubborn purchasers who may not want to look at the bigger picture.

The registration issue has also thrown up an added concern in the form of the Mizin case judgement, which was initially greeted with great enthusiasm by purchasers. In March last year, Dubai's Court of First Instance ruled that Tatweer developer Mizin should hand back AED7.4m to a purchaser based on its reading of Law 13 of 2008 - commonly referred to as the pre-registration law.

That piece of legislation effectively dictated that all real estate contracts should be entered onto an interim register within 60 days of the law coming into force otherwise they would be considered null and void.

Due to computer issues at the Land Department, however, the majority of Dubai contracts weren't registered until after that period - as was at the time suggested by the Land Department itself. So when the court ruled that in the Mizin case that the sale contract was void due to not being registered within the 60-day period, it understandably caused a degree of consternation within the developer community.

But recent research seems to suggest that the Mizin decision was not as cut-and-dried as first thought. One of the biggest difficulties with the Dubai courts system is that judgements on particular cases are often not made public for a period of two years, and if a case is settled confidentially out of court, they may never been known.

"The general consensus now is that the sales contract [from the Mizin case] wasn't registered at all at the time the judgement was given," explains Clyde & Co's Bell, who has spent some time looking into the case. "And if that was the case, it would be in accordance with the law. But all sales contracts for the Mizin project in Dubailand have now been registered and it will be interesting to see whether the Court of First Instance's judgment on Mizin will be overturned, particularly light of the Court of Cessation [Dubai's highest]'s more favourable recent decisions on this point."

So can developers breathe a sigh of relief? The lesson to learn from Mizin is that if your sales contracts aren't on the interim register, get them registered immediately, or the consequences could be harsh. But there are still no guarantees on what a court will decide; unlike in the UK, for example, Dubai courts aren't bound to follow the decisions in previous cases.

Bell says that the Land Department has made public statements that will allow sale contracts that were signed before the law came into force to be registered even now - some eighteen months down the line. "If the courts applied a rule that any contract registered outside the 60-day period was null and void, that would have an extraordinary effect - dealing the property market a huge blow when it's hard enough as it is right now," he remarks.

One of the most significant developments in the first months of 2010 was the Barclays Bank foreclosure of a property on The Palm. This has again garnered significant interest as it could offer a fast-track option for the banking community to regain control of an asset, particularly in cases where the previous owner has clearly already left the country. Previously, it was tough to get a quick judgment even on an undisputed debt, but a piece of mortgage legislation does allow for a summary judgement type remedy for mortgage lenders.

"It's quite simple - if a mortgagor defaults on a mortgage a notice of default is issued and if the mortgage payments aren't brought up to date in 30 days, that mortage lender can apply to have the property sold at auction," explains Bell. "If the sale proceeds aren't enough to cover the indebtedness, the lender has the right to pursue the mortgagor for the balance."

But again, that's not the whole story. While there are undoubtedly a lot of cases where homeowners have fled the country, banks and mortgage lenders have some very good reasons not to flood the market with repossessed units. "It's bad publicity and can be seen to be heavyhanded," says Bell." The lawyer adds that a rash of repossessions could well depress the market even more, driving prices even lower.

Furthermore, it's also unclear how the auctions procedure will work, and whether it would even be worth carrying out an auction for, say, a property in a development that hasn't even been completed yet. It may well be that financiers will wait until the project reaches a more advanced stage of completion and has some value before a decision is made to sell it. "The general consensus is that it's a remedy of last resort, but people are happy that it's been tested and found to be effective," Bell points out.

Looking forward, a number of new laws are expected in the next year or so. While it's hard to know exactly what form this legislation will take, some in the legal profession feel that the Land Department is taking on board the perception that the current regulations are too developer-friendly, and will look to level the playing field somewhat.

"New laws might cover late completion, and penalties for significant late completion by developer, and it would also be useful for those laws to clarify developer rights to extend anticipated completion dates," says Clyde & Co's Grinter. "What is a legitimate reason for delay and what is not? There's nothing of that nature at the moment - it's entirely contractual."

Another potential change in the pipeline may well solve the ongoing concerns of residents in particular developments across Dubai - that of the service charge. The introduction of strata regulations could clarify the role and operation of owners' associations.

"These regulations will be of interest to purchasers as these owners associations will be the entities that bill the purchasers' service charge for the maintenance of common areas in a development - purchasers will be keen to know what role they are entitled to play in their owners association and their owners association's decision-making process," explains Afridi & Angell's Yule.

What seems obvious right now is that the Dubai real estate sector is in something of a state of limbo. The next year or so should reveal exactly which projects will be completed and which will be dropped; any new laws should then be able to address that new position. So while there is a degree of opacity at the moment as to how property regulations will be handled in the future, it should be remembered that the Dubai property sector has had to learn a lot from a standing start.

"When I first arrived in the region, there was very little law governing the area - basically none," Clyde & Co's Bell observes. "But to its credit, the UAE government has tried to catch up. There are some growing pains at the moment, but hopefully we'll see some clarity as time goes on."

BlueBath
March 15th, 2010, 08:49 AM
Something needs to be done by RERA....... for the people who invested all there money in this country, in Projects which are on hold or stopped since a long time without any official involvement................:puke:

DubaiDreamz
April 19th, 2010, 01:26 PM
Something needs to be done by RERA....... for the people who invested all there money in this country, in Projects which are on hold or stopped since a long time without any official involvement................:puke:

This post appears to have dropped of a cliff! Does someone know something I don't???

This is happeneing on far too many projects in dubai and investors are just being ignored. I am personally fed up of reading things second hand and want to stand up and at least understand the REAL situation. Only then can I make an informed decision on what is the best course of action to take. I trust that many others feel the same so please, owners/investors let's get together and share our resources!

I am an owner here so PLEASE, any other owners out there PM me so that we can establish how/if we can take action TOGETHER! Only as a group will we be able to take action and be heard.

DubaiDreamz
April 19th, 2010, 01:41 PM
Just found this article.....i would really like to hear anyone's thoughts on this! Is it just me or is this just another load of rubbish??
http://www.business24-7.ae/companies-markets/real-estate/omniyat-properties-says-it-will-deliver-by-2012-2010-03-15-1.68416

BlueBath
April 19th, 2010, 07:30 PM
Just found this article.....i would really like to hear anyone's thoughts on this! Is it just me or is this just another load of rubbish??
http://www.business24-7.ae/companies-markets/real-estate/omniyat-properties-says-it-will-deliver-by-2012-2010-03-15-1.68416


According to this article........... either Mr.Amjad never visited the site of THE PAD / THE BINARY...........or he is trying to raise FUND for THE OPUS..........

BLOOD SUCKER .......................:banned:

BlueBath
April 19th, 2010, 08:17 PM
Just found this article.....i would really like to hear anyone's thoughts on this! Is it just me or is this just another load of rubbish??
http://www.business24-7.ae/companies-markets/real-estate/omniyat-properties-says-it-will-deliver-by-2012-2010-03-15-1.68416



Please consider the above article as Rubbish part-2 .............all the OMNIYAT investors MUST read the below Rubbish part-1.


Omniyat cuts prices a tenth for units sold during 2008 peak

By

Parag Deulgaonkar on Tuesday, August 11, 2009

Omniyat Properties, a Dubai-based real estate developer, has reduced prices of its units by 10 per cent for projects sold during the peak of 2008, the company chairman told Emirates Business.

"We have done a price adjustment of 10 per cent for units sold in our projects during the peak of 2008 as construction costs now have come down. We have passed on the benefits to our customers," said Mehdi Amjad, Chairman of Omniyat Properties.

In November 2008, the company framed a strategy to deliver its nine projects over the next three years. The third project to be delivered in 2009 will be One Business Bay in Business Bay area.

In April, Amjad told this newspaper it will deliver Pad and Binary in 2010, Gemini by the first quarter of 2011, Octavian and the Opus towards the end of 2011.

Omniyat has sold more than 85 per cent of its property portfolio, he had said.

"We have already sold more than 85 per cent of the projects and over 50 per cent of it [payments from buyers] has been collected. This has given us a solid platform to focus on delivery and construction."

ramki007
April 22nd, 2010, 07:51 PM
Has anybody got the price adjustment this moron talked, I have emailed Omniyat but i havent heard anything yet

Thanks

ramki007
April 22nd, 2010, 07:52 PM
This post appears to have dropped of a cliff! Does someone know something I don't???

This is happeneing on far too many projects in dubai and investors are just being ignored. I am personally fed up of reading things second hand and want to stand up and at least understand the REAL situation. Only then can I make an informed decision on what is the best course of action to take. I trust that many others feel the same so please, owners/investors let's get together and share our resources!

I am an owner here so PLEASE, any other owners out there PM me so that we can establish how/if we can take action TOGETHER! Only as a group will we be able to take action and be heard.


Hi, I have sent you PM and i would join in any action you want to take
Please reply to my PM

BlueBath
April 22nd, 2010, 09:10 PM
Has anybody got the price adjustment this moron talked, I have emailed Omniyat but i havent heard anything yet

Thanks


I wrote more than 25 emails with regular reminders for the last 6 months............but all in vain.

Nobody........i repeat NOBODY from OMNIYAT replied me till to date.........:mad2:

ramki007
April 23rd, 2010, 12:16 AM
I wrote more than 25 emails with regular reminders for the last 6 months............but all in vain.

Nobody........i repeat NOBODY from OMNIYAT replied me till to date.........:mad2:

I will call them today and ask the update as usual dumbass receptionist or relationship manager will say, we will get back to you with info as soon as we talk to appropriate person

I think its time we all take some action

BlueBath
April 23rd, 2010, 07:40 AM
I will call them today and ask the update as usual dumbass receptionist or relationship manager will say, we will get back to you with info as soon as we talk to appropriate person

I think its time we all take some action


At best................You can get a so called NEWSLETTER ( without mentioning any date watsoever ) from their end by email ( if you are lucky enough ).

My telephonic experience is the same as yours. Maybe they are instructed to respond like a RECORDED VOICE................:devil:

Imre
April 28th, 2010, 06:03 PM
Still nothing here...

25/April/2010

The Pad

http://i40.tinypic.com/28vwvv6.jpg

BlueBath
April 28th, 2010, 09:17 PM
Hi All,

Like many of you I also invested in fairytale of Dubai. I don't live in dubai and lot of my money was spent flying to dubai to secure my investment. Recently i found a guy who does all due diligence/inquiries/updates on my behalf. He is professional guy and charges by man hours. If any of you need his services send him mail on pradeep@buddy4dubai.com

Money Saved is money Earned!


buddy4dubai.com !!! Money saved is money Earned !!!! nice tag line......:gossip:

what's the EXACT profession of this professional guy ? what's the basis of man hour charges ? so far what's his success rate ?

care to share ?

BlueBath
May 15th, 2010, 09:03 PM
I live overseas, tried to talk with these OMNIYAT persons......

Mr.Mehdi Amjad, Omniyat chairman...... ( out of country )

Cornelia Montgomery, Customer Relations Director........ ( on holiday )

Elina Gerard, Customer Relations Executive......... ( out of office )



You always get couple of Filipino receptionist to talk with. they always assure you to get back to this issue. They'll ask the concern person to call or email you. which you will NEVER receive.


I wonder NO Omniyat investor live in Dubai ???????? No one care to visit their office ???????

Please / Please / Please.......... KNOCK their door before it CLOSED.

ramki007
June 17th, 2010, 08:21 PM
Thank you for your call.



As discussed, we are still waiting from the master developer to give us a firm information as to when the construction of the substation will commence.



As soon as we get an update we will send you the update letter.





Kind regards,



Joyce



Joyce Alcantara

Customer Relations Executive

ramki007
June 17th, 2010, 08:26 PM
i asked her why OPUS is being built not pad
she said OPUS has substation already built
and she said we are commited to deliver, we have completed 2 projects already
Binary and Baywater or something like that

can we join together and file a case

london1971
June 22nd, 2010, 05:02 PM
stressed out and fed up having my money tied up with this disgrace of a developer. The staff are like robots, trying to get anything of any use out of them is just impossible, let me put you on hold again. does anyone own here who lives in dubai? i want to start a group up and lets come together and take them on, i have read that its groups in UAE that usually win these cases!!! email me on omniyatdubai@gmail.com

I am going to get my money back, i am so annoyed with them i could scream!!

omniyatdubai at gmail dot com

i look forward to hearing from anyone else that interested!

london1971
June 24th, 2010, 11:48 AM
Does anyone have any up to date shots of The Pad and Gemini? I just cant find out what is going on!!

If anyone is in Dubai could they please go to the site and get some photos taken of what is happening?

I am trying to form a group of like minded people that have invested with Omniyat so we can persue a something against them. If you are interested or just have any information about what is happening please email me at omniyatdubai@gmail.com


We have to do something about this, please contact me.

Imre
July 10th, 2010, 11:50 AM
10/July/2010

The Pad

http://i27.tinypic.com/263ykd5.jpg

http://i32.tinypic.com/264rl90.jpg

234sale
July 28th, 2010, 08:33 AM
Please NO INVESTMENT Discussion

BlueBath
July 28th, 2010, 10:53 AM
Guys !

Please check the below link and help to put our FRUSTRATION as much as you can................:cheers:


http://www.emirates247.com/property/real-estate/frustrated-property-investors-using-blogs-to-vent-their-anger-2010-07-28-1.271874#add-comment

BlueBath
August 9th, 2010, 11:53 AM
http://www.emirates247.com/property/real-estate/challenge-force-majeure-in-civil-courts-experts-2010-08-09-1.276716


Property buyers will have to file a civil case to seek judicial remedy, unlike the earlier system of approaching property courts, if a developer invokes the "force majeure" clause and refrains from paying compensation....:cheers:

BlueBath
August 10th, 2010, 02:33 PM
http://www.emirates247.com/property/real-estate/pay-5-housing-fee-even-if-property-is-vacant-2010-08-10-1.277099

If your apartment or house is empty, you still have to pay the five per cent Dubai Municipality (DM) housing fee as long as you have a Dewa connection



The FUNNY thing is, they will follow RERA RENTAL INDEX !!!!

I believe, now a days NO one is able to RENT their respective unit under RERA INDEX. Because extremely limited tenants around !

Agents used to Laugh if you expect or insist them to follow RERA RENTAL INDEX !!

Another blow for DXB property investor.........:ohno:

johnwi
March 31st, 2011, 09:18 PM
its really great setback for investment

pakboy
April 2nd, 2011, 09:54 PM
its called iPad, LOLzzzzzz, so who copied who.

Imre
July 15th, 2011, 02:12 PM
15/July/2011

The Pad

http://i55.tinypic.com/2ntej4p.jpg

SkyscraperCity man
January 21st, 2012, 08:02 PM
21-Jan-12

http://img266.imageshack.us/img266/9469/dsc0192va.jpg (http://img266.imageshack.us/i/dsc0192va.jpg/)