There is no noise, some buildings even have a couple of Apartments on the mechanical floors

TB whats your pref here. Tower A 2 bed 08 or 09? The 09 will have a bit of a yatch club view although they finish at 16 but balcony will enjoy evening sunset over jbr. 08 will have view up to tall block over the top of the GT. I am a bit concerned about buying so close to the mech floor as far as noise from the extract goes as we do use the balconies what ever the weather, and dont want to be too low down. Any thoughts? They are good size 2 beds at 1568 sq ft.

It's all down to personal taste and I think I have established that I have different taste from you:) I would prefer an 08 low flloor to get the best of the yachts sailing past together with a bit of people watching on the promenade and jumping in and out of the water taxis. Could also be the side for the morning coffee in the sun.

If it is the high floors then either side will offer great vistas with the 09 giving you sun from 11:00am onwards. Some people don't like a sunny apartment as it can ruin your furniture unless you have the curtains or blinds closed all day.

The mechanical floor should not be noisey. I think it is mainly a distribution point, switch gear etc and water storage. There will be enough background noise to drown anything out.

This is the good thing about being a poor boy, I don't have these choices to bother me:lol:

Thank you.

TB whats your pref here. Tower A 2 bed 08 or 09? The 09 will have a bit of a yatch club view although they finish at 16 but balcony will enjoy evening sunset over jbr. 08 will have view up to tall block over the top of the GT. I am a bit concerned about buying so close to the mech floor as far as noise from the extract goes as we do use the balconies what ever the weather, and dont want to be too low down. Any thoughts? They are good size 2 beds at 1568 sq ft.

It's a very tough life you lead CBP :lol::lol: Decisions Decision -- I have to worry about the next crust !!

Loooove the kitchens -must admit Cayan rock !

One decision I wont have to make is whos paying for the both of us to watch spurs beat Man U at Old Trafford next week, thanks mate:cheers:

Anyone know how much the 1 beds without balcony are on tower B with full marina views?

1 year ago almost to the day, this is what the site looked like:)

http://img252.imageshack.us/img252/4908/img0217hc8.jpg

20/November/2009

Silverene

http://i50.tinypic.com/24zlpig.jpg

http://i49.tinypic.com/25gsah1.jpg

http://i45.tinypic.com/t5j52c.jpg

http://i49.tinypic.com/708l04.jpg

20/November/2009

Silverene from the Zumurud

http://i47.tinypic.com/2mzk6jp.jpg

http://i46.tinypic.com/2uek12f.jpg

http://i50.tinypic.com/2cyk6pw.jpg

thanks to all for posting the pics,the progress is brilliant and i say when this development is finished,it will be very much sought after and the prices will reflect this

well done to cayan i say and i am very happy that i purchased here instead of others,30% to go and then we will have the keys for next years party

maybe christmas next year or before,we should all have one big party

One decision I wont have to make is whos paying for the both of us to watch spurs beat Man U at Old Trafford next week, thanks mate:cheers:

You're buying the beer though ???? (that might be more)
-did you buy that 1 bed I tipped you after ?
TB's pic one year ago brings home what great develOpers/contractors Cayan/Arabtec are -- hindsight is wonderful eh ?

Anyone know how much the 1 beds without balcony are on tower B with full marina views?
from 913k aed unless CBP got there first !!

http://www.gnads4u.com/doc.html?_a=view&id=6484011

from 913k aed unless CBP got there first !!

http://www.gnads4u.com/doc.html?_a=view&id=6484011

So 850.000aed is good???

http://img148.imageshack.us/img148/5278/63816521.jpg (http://img148.imageshack.us/i/63816521.jpg/)

http://img80.imageshack.us/img80/292/28529364.jpg (http://img80.imageshack.us/i/28529364.jpg/)

http://img410.imageshack.us/img410/7493/77769976.jpg (http://img410.imageshack.us/i/77769976.jpg/)

http://img145.imageshack.us/img145/4140/25658190.jpg (http://img145.imageshack.us/i/25658190.jpg/)

http://img697.imageshack.us/img697/2317/32525134.jpg (http://img697.imageshack.us/i/32525134.jpg/)

http://img248.imageshack.us/img248/745/98879580.jpg (http://img248.imageshack.us/i/98879580.jpg/)

http://img256.imageshack.us/img256/1729/61101433.jpg (http://img256.imageshack.us/i/61101433.jpg/)

anyone knows Tower A " yacht club view " / Tower B " Infinity view " for how much 1bed in mid floor ?

The balcony area is rather extended, how will it be partitioned between two adjacent apartments, just with a small separation wall?

cheers

So 850.000aed is good???

I would say so

So 850.000aed is good???

I would say so

Offered an 03 and 04 mid floor tower B full marina view at 850k each!

Offered an 03 and 04 mid floor tower B full marina view at 850k each!

Have pm'd you regarding these

This tower is looking GOOOD

anyone knows Tower A " yacht club view " / Tower B " Infinity view " for how much 1bed in mid floor ?


Might be wrong but dont think you will see INFINITY from Tower B Bizzy unless you have x-ray eyes :lol:
You may see it from Tower A ?

20/November/2009

Silverene from the Zumurud

http://i47.tinypic.com/2mzk6jp.jpg

http://i46.tinypic.com/2uek12f.jpg

http://i50.tinypic.com/2cyk6pw.jpg

Might be wrong but dont think you will see INFINITY from Tower B Bizzy unless you have x-ray eyes ?
You may see it from Tower A ?

Offered an 03 and 04 mid floor tower B full marina view at 850k each!

realistic price if you ask me "with realistic finishing depend on catalog :lol:

Might be wrong but dont think you will see INFINITY from Tower B Bizzy unless you have x-ray eyes :lol:
You may see it from Tower A ?

Yea and you can called it cayan eyes :lol:

i swear i have seen page 65 with new posts for today and now they are all gone. somebody censored em or a system fault?
Cheers

26/November/2009

Silverene

http://i46.tinypic.com/27zesco.jpg

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

http://i50.tinypic.com/333xqtc.jpg

http://i45.tinypic.com/2w3t3ew.jpg

http://i50.tinypic.com/2ryq9sn.jpg

26/November/2009

Silverene

http://i46.tinypic.com/27zesco.jpg

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

http://i50.tinypic.com/333xqtc.jpg

http://i45.tinypic.com/2w3t3ew.jpg

http://i50.tinypic.com/2ryq9sn.jpg


Imre, can you take a picture of the side of the tower a, to those balconies.
I would like to see how they are distributed or separated for each apartment?
Cheers

^^probably with obscured glass fins, pinned top and bottom.

Cayan is really great in construction, but sometime trying to communicate with them is really making me nervous.

I have sent them an e-mail one month ago, when I was planning to be in Dubai, asking if I culd visit them at their headquarters to pay my December installment in cash, actually one month earlier than sated in my contract. To my surprise, they never bothered to reply.
Now, as December is close, I have sent another e-mail two days ago, asking them to send me a scanned copy of my invoice, because it is necessary for my bank, in order to execute my payment order, but still no reply.
This is really annoying. Other purchasers play hide and seek with the seller in order to postpone payment and I want to pay but get no response.

Cayan is really great in construction, but sometime trying to communicate with them is really making me nervous.

I have sent them an e-mail one month ago, when I was planning to be in Dubai, asking if I culd visit them at their headquarters to pay my December installment in cash, actually one month earlier than sated in my contract. To my surprise, they never bothered to reply.
Now, as December is close, I have sent another e-mail two days ago, asking them to send me a scanned copy of my invoice, because it is necessary for my bank, in order to execute my payment order, but still no reply.
This is really annoying. Other purchasers play hide and seek with the seller in order to postpone payment and I want to pay but get no response.

to be honest they have always prompt replied me (less than 24 hours!!) and I think cayan is not only a great developer but it has also a fantastic customer service and employees

call them and ask for the right email address as employees might have changed

No problems here Alex. As Barracuda said you must have a wrong email address.

I too have always received an email reply within 24 hours. Alex, if you want to go to their head office, just turn up without an appointment. Except on Fridays, someone will always be there to collect your money with an instant receipt.

Use the general enquiries email rather than personal contact email. You will get a response within the day normally.

Just remember it's a holiday at the moment.

customerservice@cayan.net

In my case, the person who was dealing with me left (I came to know only when another person started correspondence with me). So I guess it is cayan responsibility to make sure that if one of their staff leaves the company, his/her clients are well taken care of.

Cheers

Thanks for the tips guys. My mails have been sent (still with no reply) to info@ will forward them to the customer service address you suggested.

I also forgot that it is holiday time in Dubai, so maybe my nagging was groundless.

I see that there has been some debate about the colour of the washing machine which i have missed out, but i think we should agree that this is simply unnaceptable and that the subject should be raised with Cayan.At least i will.

I have raised this with Cayan and am waiting for a proposal. However, these apartments are so stunning, (from the show apartment), if the colour of the washing machine is the only problem I face, I will be a very happy owner!!!!!

Thanks for the tips guys. My mails have been sent (still with no reply) to info@ will forward them to the customer service address you suggested.

I also forgot that it is holiday time in Dubai, so maybe my nagging was groundless.

Cayan mailed out all stage payment reminders about a month ago. As was suggested just go into Cayan, (I was in there last week). They will deal with anything you want instantly. But it is holiday week in Dubai right now.

Theses are the current admin details:

rowena@cayan.net

"Should you have any queries, please do not hesitate to contact our Customer Service Department on 04-3619333 or customerservice@cayan.net"

With all the recent news that Dubai will not be able to meets its debts and there is a reasonable chance that the property market will go down further 30%, people are worried about colour of the washing machine!!!! Unbelievable.....
Are you guys real?

You cannot improve Dubai's financial situation and the strong fear that it is completely finished but you can improve the look of your appartment...:-)

With all the recent news that Dubai will not be able to meets its debts and there is a reasonable chance that the property market will go down further 30%, people are worried about colour of the washing machine!!!! Unbelievable.....
Are you guys real?

I would not change anything here.:banana:

You cannot improve Dubai's financial situation and the strong fear that it is completely finished but you can improve the look of your appartment...:-)

Agree with you that Marina Quays is a real mess.

I almost bought there Pheeeeeeeeew! lucky me.

whats wrong with marina quays jeetha

in regard to dubai and all the news,i think our investment willl be sound in the silverene development,its the people that bought in other locations that should worry

i see on the sky news website that they are interviewing a couple who r leaving dubai and they fear they will only make treble or double their money on their apartment instead of 5 times

people need to wake up as well i think

if we all make a nice profit at some stage in silverene,we will all be doing well,i think the dubai news will be old news soon enough

Some Points on Dubai Story re debt

Dubai is really a 'county' within the COUNTRY of the UAE. The capital of the UAE is Abu Dhabi. Abu Dhabi is one of the RICHEST countries in the world. It has wealth reserves of $ 800 BILLION. It produces 3 million barrels of oil a day - which at $70 per barrel throws off $ 6 billion PER MONTH or $72 billion per annum. Its estimated proven oil reserves would last 60 + years.
The chances of AD letting Dubai go into default is almost impossible/unfathomable. They are all part of the same country. Not just 'neighbours' (like the UK is to Ireland) as exhaustively suggested on Western TV
The ENTIRE debt of Dubai is $ 85 billion. The 'announcement' this week is about $ 60 billion of this. This debt is SECURED. There are assets such as the London Stock Exchange, P&O Ports, Barneys of New York and many more assets which support the debt.
Dubai has many income streams - telecommunication assets ($700 m per annum), hospitality/tourist taxes/income ($ 4 billion per annum), Road tolls/fines ( $ 600 million), oil/gas revenues ( $ 200 million), water/electricity assets ( $ 200 million), land sales (still running at $ 200 million PER MONTH) and many more streams of income. The VALUE of these assets are obviously a multiple of these revenue streams. IF one took a multiple of 10 on Dubai's top ten income streams THE ENTIRE of Dubai's debt could be eliminated. The problem is that
A 'STANDSTILL' request is NOT a default. It is simply a statement that we would like to more closely match its debt repayment obligations to its income streams. Akin to you going to your local bank manager and saying 'I owe you money in January but I am not getting a bonus this year. Can we discuss extending the payment dates and have my loan repaid over the next 12 months'.
The Dubai property market has just registered its FIFTH consecutive month of growth. The unlikelihood of a Dubai debt default became clearer as we moved through Friday and the stock markets started to 'compose themselves'. Shares in the banks that had loan exposures to Dubai and had seen their share prices 'destroyed' on Thursday recovered much of the losses.

I completely agree with you.

However, I do not understand why Dubai officils do not demonstrate these figures, e.g. the value of their assets worldaround in relation to their debt. Instead of that they remain almost silent, letting newspapers and TV channels giving away dramatic rumours like "building castles oj the sand" or "Dubai Story - The end".

It seems that you know quite a lot about Dubai. But think of so many people who haven't even been there to fel the power of the place. Their only image would be of unsustainable news such as "people abandoning the city, leaving their Ferraris at the airport", as it was written today in a paper in my country.

Of course, apart from all that, even though I am a strong believer of Dubai's success story, I fear that somewhere Dubai has missed the point. While they plan good investments and wealth managment, at bthe same time they are spending so much money on projects which are just a showing off of potential and imagination, serving just vanity reasons, i.e. it is great to have built one palm island, but I see little point in building another two, as well as building The World. Is is as if they believe hat the whole earth riches and famous will come to buy in Dubai. Instead of that, they should decide that so far so good with impressions and imagination and, from now on to continue investing in infrastructure (i.e. the metro) and make an attempt to let a real city grow, through the decades or centuries, as all the world's real cities have grown.

Cayan mailed out all stage payment reminders about a month ago. As was suggested just go into Cayan, (I was in there last week). They will deal with anything you want instantly. But it is holiday week in Dubai right now.

Theses are the current admin details:

rowena@cayan.net

"Should you have any queries, please do not hesitate to contact our Customer Service Department on 04-3619333 or customerservice@cayan.net"

Thank you. I guess the delay was due to the holidays. I finally received the invoice for my December installment. However, I noticed that in the invoice as beneficiary of the account appears Cayan instead of Silverene Ltd, who is actually the seller of my unit as per my contract and who was the beneficiary of the account where I mada all privious payments. Do you have any idea why is that so ?

the media is always going to point out the negative side of things.

of course,many companies got themselves into debt and also trouble but i dont take any notice of it really,i think cayan are the best and we have the proof in the progress to date,when silverene is finshed ,we will all have great places to go and stay in our holiday time and looking out onto the marina will be class,with marina walk just 2 mins away,i dont think we can lose with silverene

the media should concentrate on positive stories for a change

so once we all pay the dec instalment,then the progress for next year should be unreal,then all we have to do is find the money to pay for the rest!!now who can i sell!!

Actually, for all European purchasers or for all those who keep their cash in Euro, the best think to do is pay the dec. installment as soon as possible now that the the US dollar is at one of its' lowest points against euro. Actually I did the same also for the last 30% of the price, which I exchanged in AED and keep it in a Dubai bank. This way, my apartment, in euro, costs me almost 10% cheaper than by the time I purchased. Now, I just hope that my bank in Dubai will remain solid.

Of course, I also hope that my apartment's value doesn't fall so much that even with this 10% saving, I still lose. At least, I think this is not happening still.

http://i45.tinypic.com/25rl2s8.jpg

http://i46.tinypic.com/2enmer8.jpg

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

1st balconies going in.

http://i45.tinypic.com/312798p.jpg

Love the detail to the balustrade, gently sloping following the lines to the grooved feature to the front glazing. Well done designers, great job.

http://i50.tinypic.com/ern77l.jpg

Clean, tidy and well organized. No Health and Safety issues here. Well done Cayan.

Thanks CBP.

Tower A on 33 floors, only 2 more floors to do.:banana:
With December’s 10% all done. Cayan can look forward to their 30% fairly soon.
Hope the metro will be running and the Gourmet Tower is open before we get keys.

Do you know where exactly in the Marina would the Metro train stop and from when is it expected to pick up / drop passengers at the marina stn?

Thanks CBP.

Tower A on 33 floors, only 2 more floors to do.:banana:
With December’s 10% all done. Cayan can look forward to their 30% fairly soon.
Hope the metro will be running and the Gourmet Tower is open before we get keys.

Jeetha although this is flying I am banking on 2011 for the final payment.

^^You could be right :) but everytime I ask Cayan they always say June-December 2010.

Tower A be done in 2 weeks or so. I’m hoping:banana: Xmas 2010 in Dubai

i am really interesting in here ... but after the second crisis taken place .

why 2011,with the progress to date i say next year

bizzy,what are you on about

well jeetha,you can call over for a christmas drink next christmas if its ready because i will be there as well

Jeetha although this is flying I am banking on 2011 for the final payment.

Have you bought?? :banana:


well jeetha,you can call over for a christmas drink next christmas if its ready because i will be there as well

I might take you up on that :cheers:

Do you know where exactly in the Marina would the Metro train stop and from when is it expected to pick up / drop passengers at the marina stn?

Rags, the station closest to Silverene is Jumeirah Lakes Towers Station. A pedestrian bridge crosses Sheikh Zayed Road a few hundred meters from Silverene, so it will be very convenient for Silverene residents to access the Metro. Here is a map showing the location of the station, but not the location of the pedestrian bridge:

http://www.dubaicityinfo.com/maps/Dubai_MRL_Jumeirah_Lake_Towers_Metro_Station.aspx

few cladding pics here:

http://dubaiconstructionupdate.blogspot.com/2009/12/silverene-towers-cladding-photosdubai.html

Thanks, Smith.

i bought around launch time Jeetha

04/December/2009

Silverene

http://i47.tinypic.com/24uvu53.jpg

http://i48.tinypic.com/10f9xfc.jpg

http://i47.tinypic.com/mmz8r5.jpg

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http://i49.tinypic.com/2n6vsox.jpg

I visited mock up apartment a couple of weeks ago and it does look good... There is one thing everyone should be aware.... They do have marble floors in the mock up apartments and few other apartments.. but most of the others will have ceramic floor tiling....... I think for example all 1 bed apartments will have ceramic, not marble... Check with Cayan..

Also we need to get Cayan to change washing machine and fridge freezer units to inegrated ones... At ths moment, it looks really ugly..

rgds

^^Why don't you check with Cayan before posting this "non information" on the forum!

The finishes schedule is attached to all owners S&P agreements. I don't think it says anywhere that appliances are integrated.

According to my contracts marble or porcelain tiles
for Entrance/ Living room & Bedroom and NOT ceramic tiles.

ENTRANCE: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
LIVING/DINNING: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
BEDROOMS: Porcelain or Ceramic tiles.

But it does say ceramic tiles for bathroom & kitchen

bizzy,what are you on about



Hi Mlane ,

i am so interesting about time right now i heard from many sources that early 2010 they will be at least second crisis in real estate market specially Dubai 30% dropping which is my great time to buy not only me many n many hungry investors just on standby mode only for this .

Finally i hope it will be . :)

According to my contracts marble or porcelain tiles
for Entrance/ Living room & Bedroom and NOT ceramic tiles.

ENTRANCE: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
LIVING/DINNING: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
BEDROOMS: Porcelain or Ceramic tiles.

Maybe I owe an apology to BM Dubai in that case. I have only seen marble only to the floors in all previous Cayan developments. Either Marble or porcelain leaves it open.

^^Is marble and porcelain in the same price range?

Marble sounds better but if they use porcelain (that the shiny tiles right?).

I can live with that. Better then ceramic tile in the living room.:banana:

bizzy,i say ur sources are wrong somehow,if u want to make money over the next year,play the stockmarkets i say

so according to ur sources,ur saying the value of silverene will drop 30%...i dont think so but keep on dreaming i say

there are a lot of hungry investors as you say in dubai of which have purchased so called great buys and now they are stuck with them....not very wise

in regard to silverene...location location location and of course a class tower

i would say dont listen too much to ur sources

^^Why don't you check with Cayan before posting this "non information" on the forum!

The finishes schedule is attached to all owners S&P agreements. I don't think it says anywhere that appliances are integrated.

I dont know what you are on about, True Blue..
Who said it was in the contract? I am just saying it is UGLY.. I am going to contact kitchen suppliers and pay myself to fit integrated units.. Of course we cant do anything contractually...But it would be useful to share this info with Cayan just in case they may do something about it...

According to my contracts marble or porcelain tiles
for Entrance/ Living room & Bedroom and NOT ceramic tiles.

ENTRANCE: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
LIVING/DINNING: Polished marble tiles or porcelain tiles with 100 mm high marble or porcelain skirting.:banana:
BEDROOMS: Porcelain or Ceramic tiles.

This is exactly right...Contractually.. But perhps a bit missleading because a lot of people will not see one bit of marble..

Maybe I owe an apology to BM Dubai in that case. I have only seen marble only to the floors in all previous Cayan developments. Either Marble or porcelain leaves it open.

An apology accepted, True Blue.. Cheers..

bizzy,i say ur sources are wrong somehow,if u want to make money over the next year,play the stockmarkets i say

so according to ur sources,ur saying the value of silverene will drop 30%...i dont think so but keep on dreaming i say

there are a lot of hungry investors as you say in dubai of which have purchased so called great buys and now they are stuck with them....not very wise

in regard to silverene...location location location and of course a class tower

i would say dont listen too much to ur sources

"If you want to make money, invest in the stock market???" if it is just that easy.....

I also believe property prices will go further down before recovering slowly... Silverene may not drop as much as 30% but I am not sure if it will stay unaffected...

yes,ur correct but i think we will have to ride out the storm but next year,things should look up again for the world unless our banker friends mess things up again

anyway,silverene should be class and we should all look forward to it

i hope to be in dubai soon and i will question about the tiles,its a good point that needs to be asked

hello guys just return from dubai ,i saw friday that silverene one of the few projects were are been working on this day ,still look good,project tram underway ,visit address hotel address nice pool ,only the plot between silverene and adress hotel that will be a question ,will it still be a hotel also?

bizzy,i say ur sources are wrong somehow,if u want to make money over the next year,play the stockmarkets i say

so according to ur sources,ur saying the value of silverene will drop 30%...i dont think so but keep on dreaming i say

there are a lot of hungry investors as you say in dubai of which have purchased so called great buys and now they are stuck with them....not very wise

in regard to silverene...location location location and of course a class tower

i would say dont listen too much to ur sources

Not only silverene tower the whole Dubai market ! Believe me

i already told ya :)

I don't know why Cayan are advertising the mock up apt in newspaper/s if they are not selling their own, reserved floors / apts, if any. I am certain they are not doing this as a favour to the current re-sellers. Does anyone know anything about this and the prices they may be selling their own apts at?

I don't know why Cayan are advertising the mock up apt in newspaper/s if they are not selling their own, reserved floors / apts, if any. I am certain they are not doing this as a favour to the current re-sellers. Does anyone know anything about this and the prices they may be selling their own apts at?

Cayan will be shortly releasing 1,2 and 3 bed apartments for sale at Silverene...both Towers.. prices will be in the region of AED 1300 per SQ/FT... This is why they are having mock up apartment and advertising..

Is AED 1300 per SQ/FT a good price. The cheapest studio listed on bhomes for Sliverene Tower B is about that price too.

Is AED 1300 per SQ/FT a good price. The cheapest studio listed on bhomes for Sliverene Tower B is about that price too.

Good price if its Full panoramic marina view! I got a 1 bed with full marina view at 1334 per sq/ft. :) I am sure Cayan wont have any of the front line to marina units left.....

What a great relief. I just paid for Dec. installment, so 70% paid. Next time I will have to pay, I will get my keys in return.

11/December/2009

Silverene

http://i47.tinypic.com/35a0wfo.jpg

http://i49.tinypic.com/11c4215.jpg

http://i47.tinypic.com/28cq1sp.jpg

http://i47.tinypic.com/14j9hcg.jpg

http://i50.tinypic.com/2dlqaf7.jpg

11/December/2009

Silverene

http://i48.tinypic.com/t8qo44.jpg

http://i50.tinypic.com/168x0d2.jpg

http://i46.tinypic.com/2j3mkg1.jpg

http://i49.tinypic.com/2ijj6uh.jpg

http://i50.tinypic.com/6yjm8j.jpg

Curtain wall glazing going very well, at least 30% done on tower B, around 25% on tower A.

First time I have noticed the shape of the structure at the top. Looks cool.

First time I have noticed the shape of the structure at the top. Looks cool.

Yeah, I wonder how they are going to make it look like the render they SOLD it on ? I know how you dislike developers who sell one thing then deliver another, even if it is purely asthetic.

Any ideas TB ? :)

http://i46.tinypic.com/mbgy81.jpg

Yeah, I wonder how they are going to make it look like the render they SOLD it on ? I know how you dislike developers who sell one thing then deliver another, even if it is purely asthetic.

Any ideas TB ? :)

http://i46.tinypic.com/mbgy81.jpg

Correct, it is one of my pet hates. Silverene is looking true to form so far, just a minor detail in the orientation of the silver glass framework.

Look at the top left corner of tower B in the render and compare it with the pic I was referring to with the sloping columns in the top left of the building. I would assume the remainder of the structure will be done in light steelwork assembled on the top.

What is unlikely to appear is the glass to the top surface. I expect this will be left open for the Maintenance cranes to be able to operate.

Wow, look at this phenomenal progress. From raft to topping out (small tower) in just 12 months!!! :nuts:

Saturday 6th Dec,

http://img254.imageshack.us/img254/8959/p1010013ov7.jpg (http://imageshack.us)

http://i50.tinypic.com/1693y9w.jpg

2900 workers on site.

Good lord :banana: will be finished sooner then we think.

"aluminium cladding is on level 12"

That's news to me, I thought it was glass curtain walling:laugh:

2900 workers on site.

Good lord :banana: will be finished sooner then we think.

That's scary as I just manged to pay the second last installment. Now I guess 30% is left which will be a tough job to generate for a 3 bed if the hand over is dec 2010. I wish the hand over be at least by July 2011.

Cheers

I thought somewhere in 2011 is realistic but with this speed it should be ready in 2010.

Arabtec really fast just look the Ocean Heights , removing the protective layers and facade cleaning already started so they are not joking :)

Guess what I think?:)

Tower B could be ready to start orientation and handover from as soon as Sept 2010 with Tower A following on a few months after. This is only a guess but we are talking possible Tower B September and October handovers and Tower A, November and December.

The buildings should be fully wind and water proof by June 2010 just leaving internal finishes to complete. The pools etc might not be 100% but this might suit people who are renting elsewhere and just want to get in.

Either way I don't see start of handovers extending into 2011 unless the mighty DEWA do their usual.

hi everybody.... does any body know about the new rules of Dubai land department, requiring the 2% of transfer fees in advance? i've been told they are asking for this money in advance, prior the keys of the apartments are delivered to owners and the building is completed...

18/December/2009

Silverene

http://i49.tinypic.com/2l95xdc.jpg

http://i48.tinypic.com/2hd1f0w.jpg

http://i47.tinypic.com/15zjuaq.jpg

http://i50.tinypic.com/xp07s1.jpg

http://i46.tinypic.com/2wd7fiw.jpg

18/December/2009

Silverene

http://i45.tinypic.com/108bxqh.jpg

http://i49.tinypic.com/vpvioy.jpg

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

Thanks for pictures Imre.

18/December/2009


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

^^What is that?? :lol:

For anyone who hasn't tried Google Maps recently should do so... The site is updated with the new areal pictures of Dubai... Absolately stunning quality.. Pictures are very recent and you can see Silverene both towers up to 25+ floors...Entire marina, etc..

:cheers:MERRY CHRISTMAS EVERYONE!:cheers:

The first time in a few years that I have not spent christmas in Dubai and boy what a year to stay at home. The scenery is straight off the xmas cards with 6" snow cover everywhere, -15C overnight and -3C during the sunny days. SUPERB!

Best get to bed early or santa might not come.:)

With + 9C in Zurich and 5 - 7C up in Bad Hofgastein (Austrian Alps), in a short while Ski Dubai will be closer to X'mas scenery.

http://img525.imageshack.us/img525/9562/cimg2351.jpg (http://img525.imageshack.us/i/cimg2351.jpg/)

http://img694.imageshack.us/img694/3694/cimg2352k.jpg (http://img694.imageshack.us/i/cimg2352k.jpg/)

http://img338.imageshack.us/img338/7083/cimg2353d.jpg (http://img338.imageshack.us/i/cimg2353d.jpg/)

http://img682.imageshack.us/img682/1893/cimg2354l.jpg (http://img682.imageshack.us/i/cimg2354l.jpg/)

Transparent balcony partitions???
http://img264.imageshack.us/img264/6630/cimg2355e.jpg (http://img264.imageshack.us/i/cimg2355e.jpg/)

http://img132.imageshack.us/img132/9205/cimg2357q.jpg (http://img132.imageshack.us/i/cimg2357q.jpg/)

http://img513.imageshack.us/img513/1574/cimg2363e.jpg (http://img513.imageshack.us/i/cimg2363e.jpg/)

http://img229.imageshack.us/img229/5663/cimg2366c.jpg (http://img229.imageshack.us/i/cimg2366c.jpg/)

http://img69.imageshack.us/img69/9646/cimg2369l.jpg (http://img69.imageshack.us/i/cimg2369l.jpg/)

http://img69.imageshack.us/img69/8442/cimg2370.jpg (http://img69.imageshack.us/i/cimg2370.jpg/)

http://img693.imageshack.us/img693/9620/cimg2372.jpg (http://img693.imageshack.us/i/cimg2372.jpg/)

http://img204.imageshack.us/img204/5246/cimg2374.jpg (http://img204.imageshack.us/i/cimg2374.jpg/)

http://img693.imageshack.us/img693/2403/cimg2377.jpg (http://img693.imageshack.us/i/cimg2377.jpg/)

http://img138.imageshack.us/img138/978/cimg2379.jpg (http://img138.imageshack.us/i/cimg2379.jpg/)

http://img63.imageshack.us/img63/6799/cimg2380.jpg (http://img63.imageshack.us/i/cimg2380.jpg/)

http://img52.imageshack.us/img52/2886/cimg2382.jpg (http://img52.imageshack.us/i/cimg2382.jpg/)

http://img189.imageshack.us/img189/148/cimg2389r.jpg (http://img189.imageshack.us/i/cimg2389r.jpg/)

Marina Promenade between Silverene and Mall now open
http://img30.imageshack.us/img30/6182/25838798.jpg (http://img30.imageshack.us/i/25838798.jpg/)

http://img81.imageshack.us/img81/2509/yyyr.jpg (http://img81.imageshack.us/i/yyyr.jpg/)

http://img684.imageshack.us/img684/3858/yyyyx.jpg (http://img684.imageshack.us/i/yyyyx.jpg/)

^^What an update:applause:

for comparison of the progress over the last six months, this is what it looked like at the end of June;

http://i39.tinypic.com/2lo3o95.jpg

Anyone still not believe September 2010 is possible?

This great pic shows Silverene vs Bay Central 6 months ago. Both roughly the same height.

http://i42.tinypic.com/nyckk9.jpg

Now Silverene is visibly nearing completion where BC just looks taller.

I thought so about the transparent partitions among the balconies.
Personally I would not like it, its after all a residential project. Whats your opinions?

cheers

From a friend in Marina. Taken 02/01/2010

http://i47.tinypic.com/ayq0qo.jpg

http://i48.tinypic.com/4j2g6b.jpg

http://i48.tinypic.com/hvwas2.jpg

Really nice shots.

I thought so about the transparent partitions among the balconies.
Personally I would not like it, its after all a residential project. Whats your opinions?

cheers

its probably just a mock up of some sort, perhaps to check fixing detailling.

Or maybe the transparent partition has been chosen in order not to spoil the infinite glass impression of the facade.

08/January/2010

Silverene

http://i45.tinypic.com/1zdcgbb.jpg

http://i45.tinypic.com/iclf0l.jpg

http://i50.tinypic.com/rwqoa1.jpg

08/January/2010

Silverene

http://i49.tinypic.com/160v8rd.jpg

http://i45.tinypic.com/2ppf2mr.jpg

http://i48.tinypic.com/30cumg8.jpg

First news...by Reuters Saturday, 09 January 2010

http://www.arabianbusiness.com/578251-dubais-arabtec-says-aabar-to-acquire-70-stake

Quote from above
"Arabtec said the acquisition will "further consolidate" its position in the market.Credit Suisse, which has a target price of 3.33 dirhams for shares of Arabtec, said in a note that Aabar would give a welcome cash injection to Arabtec through the deal, and could help provide new contracts for it in Abu Dhabi."

Second News...Sunday, 10 January 2010

http://www.arabianbusiness.com/578285-arabtec-shares-tumble-on-news-of-aabar-stake-sale

Quote "Arabtec fell 4.2 percent, while Aabar climbed 5 percent."

Whats the conclusion? Is this good or bad?

Cheers

^^Neither.

This type of news only affects shareholders not current projects. It is evident that Arabtec are able to carry on their day to day business despite their problems.

View from Marina Quays pool deck, nice:)

http://i48.tinypic.com/ruo789.jpg

Thanks to Ossi.

great update guys

if any of you are around to meet up for an evening drink around the 5th of february for a drink,lets say the hilton beach bar,it would be great to meet up,i am in dubai from the 4th of feb till the 8th of february

anyway,i am on email

lanemeist@gmail.com

if anyone has a one bed for sale please drop me a line.

if anyone has a one bed for sale please drop me a line.

If you are interested, my partner purchased 813B a few days after I bought my apartment there and I know he might be positive for a sale, so you can send him an offer at kalliopi@alexopoulos-attorneys.gr

what is the current going rate per sq/foot?

what is the current going rate per sq/foot?

depends on location...do you want full marina or one around the back to sk zayed rd?

813B does not have prime but PARTIAL marina view, as it was stated in Cayan's prospectus. From my visit at the site, I see that its' view to the marina will be from either sides of the Gourmet Tower. At the same time, it offers view to SZ road.

depends on location...do you want full marina or one around the back to sk zayed rd?

Hi Paul, i am looking at full marina views type 3 or 4 tower b.Thanks

Hi,

I'm looking to sell my unit at Silverene, 1712B, pool view. Please E-mail me at amalla@cyberia.net.lb if someone is interested!

This is not a buy/sell ad site but given the real estate situation in dubai, no wonder people are using this forum for such advertisements.

:-(

Deleted

Thanks Paul, sent you a PM.

Hi Imre,

Any chance of some latest pictures?

thanks

Thanks Paul, sent you a PM.

LOL, Thanks but your offer of 750 aed per sq/ft. Erm let me think about it....NO THANKS.

That works out at 477.750aed for a 1 bed with full marina views. Yeh right.

I would buy them all day long at that price....LOL:nuts:

Hi Imre,

Any chance of some latest pictures?

thanks

I will post new pics soon.

I will post new pics soon.

Thanks

LOL, Thanks but your offer of 750 aed per sq/ft. Erm let me think about it....NO THANKS.

That works out at 477.750aed for a 1 bed with full marina views. Yeh right.

I would buy them all day long at that price....LOL:nuts:

crazy crazy offer from dubaifirst.:lol:

At that price I'm buying two...or three.

29/January/2010

Silverene, good progress of the cladding but still no idea this is the final roof?

http://i49.tinypic.com/23rsfbt.jpg

http://i50.tinypic.com/332cxeg.jpg

http://i48.tinypic.com/314ta1s.jpg

http://i47.tinypic.com/15zp6i0.jpg

29/January/2010

Silverene

http://i46.tinypic.com/19lgjs.jpg

http://i47.tinypic.com/24zf67c.jpg

http://i49.tinypic.com/wlu1ja.jpg

29/January/2010

Silverene, good progress of the cladding but still no idea this is the final roof?



Yeah! Curtain walling/glass was always going to speed up when the cranes stopped serving the concrete squads. Now they can help with distribution of other materials. At this pace could be weather tight by April.

The roof feature will almost certainly be going ahead as the render. I heard that the a/c chillers normaly positioned on the roofs are instead located in the structure on the corner closes to West Avenue site. This leaves the roof space uncluttered for the glass work. I expect it will be some sort of light steel framework, perhaps site not yet ready to receive it or fabrication drawings just getting approved:dunno: Time will tell.

Thanks Imre. Execellent pictures, as always.

Realistically, from what floor ( if any) would someone have panoramic sea views?

Maybe above the 60th floor :)

12/February/2010

Silverene

http://i50.tinypic.com/2gvpnih.jpg

http://i45.tinypic.com/1j8f48.jpg

http://i46.tinypic.com/200y3c4.jpg

http://i46.tinypic.com/23har08.jpg

http://i46.tinypic.com/1z20z5z.jpg

12/February/2010

Silverene

http://i50.tinypic.com/2prheuh.jpg

http://i48.tinypic.com/2ltm1zo.jpg

http://i49.tinypic.com/scgsk5.jpg

http://i50.tinypic.com/jaxj0k.jpg

http://i50.tinypic.com/24b17bm.jpg

Wonderful pictures, thanks to Imre as always.

Any idea when will be the topped out phase ?


Cheers

Had a meeting with the CEO of Cayan last week. So here is an update on a few of the things that I have bought up on here over the past few months:

1. The roof treatment will be as the renders and will look stunning. Cayan are currently testing lighting types and colours to bring out the "slash" down the height of both buildings

2. Washing machines will now be grey and not white to match the kitchen designs.

3. The partitions dividing the balcony's will be sand blasted for privacy, and not as the sample in place on Tower A

Hope you guys find this of some use......

Thanks Johnny.

Did he give you any hints of completion dates.

No, nothing confirmed, other than it will be this year if all continues to go to plan....

Thanks Johnny.

Did he give you any hints of completion dates.

Now that even the washing machine issue is solved, I hope there will be no other detail bothering some buyers and we can all feel relaxed and happy with our investment.

Now that even the washing machine issue is solved, I hope there will be no other detail bothering some buyers and we can all feel relaxed and happy with our investment.

Like Yul Brynner as the Great Pharaoh Ramses ..."So let it be written .. So let it be done" :)

i am really interesting in here ... but after the second crisis taken place .


bizzy,what are you on about



bizzy,i say ur sources are wrong somehow,if u want to make money over the next year,play the stockmarkets i say

so according to ur sources,ur saying the value of silverene will drop 30%...i dont think so but keep on dreaming i say

there are a lot of hungry investors as you say in dubai of which have purchased so called great buys and now they are stuck with them....not very wise

in regard to silverene...location location location and of course a class tower

i would say dont listen too much to ur sources

Prices of Dubai flats to fall by 20 percent: Landmark Advisory

Landmark Advisory, the leading property consultancy firm, has revealed that sale prices of flats, apartments and offices in Dubai will continue to fall through first quarter of 2010, due excess supply, with the apartment prices likely to take the biggest hit with a decline as much as 20 percent during the next 18 months.

Following the increase seen during the third quarter of 2009, villa prices in Dubai also stagnated with a marginal increase of 0.2% during the fourth quarter.

The prices of apartments dropped 4.3percent in Q4, similar to the 3 percent decline in Q3. The sale and leasing transactions in the commercial sector also remained low during the fourth quarter, with an average decline of 5.1 percent in sale prices, while the average office rents declined 8.4 percent.

The report said that average rents in Dubai are likely to fall, as there is excess residential supply at a time when there is weak demand fundamentals.

They also would have said the opposite shortly before the crisis...

Prices to fall! From what and to what, they never specify. Average asking price in the marina is 1200/ft2. There are some Torch units advertised around 800/ft2 so is it 20% off 800 or 20% off 1200. Or is the data so obscure that they are using the same old Alineah benchmark of 1450AED/ft2:dunno:

I didn't see any reasons for prices to show us some Market strength !

20% off 800psqft will make everything sold out , & again that's what Dubai Real Estate Market looks like in short period of time without any participation of banks.

19/February/2010

Silverene

http://i45.tinypic.com/n768g.jpg

http://i47.tinypic.com/11gue50.jpg

http://i46.tinypic.com/97kv1l.jpg

http://i48.tinypic.com/2ypna0j.jpg

Thanks Imre. :banana:

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

Looking good Jeetha.

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

http://i49.tinypic.com/1tkndd.jpg

http://i50.tinypic.com/2ec29lk.jpg

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

http://i47.tinypic.com/aey654.jpg

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

http://i45.tinypic.com/2mwt85l.jpg

Prices going up:)

Dubai Marina, Silverene, Studio
AED 7,150,000

Dubai Marina, Silverene, Studio, 607 sq.ft., Marina View, Ready in Dec. 2010. AED 7,150,000.

http://www.gnads4u.com/doc.html?_a=view&id=7001388&t=properties

^^In the same ad there is a large 2 bed Infinity for 1.4M. That looks to be below OP:eek:

^^In the same ad there is a large 2 bed Infinity for 1.4M. That looks to be below OP:eek:

2 1 B/r's for 1.1 million, what was the OP ?

Prices started around 1000AED/FT. 1 beds are about 900ft average.

Prices going up:)

Dubai Marina, Silverene, Studio
AED 7,150,000

Dubai Marina, Silverene, Studio, 607 sq.ft., Marina View, Ready in Dec. 2010. AED 7,150,000.

http://www.gnads4u.com/doc.html?_a=view&id=7001388&t=properties

Correct 715k :ohno:

Very nice pictures. Thank you so very much CPB.

I don’t think I’ll be there before completion.

These pictures keep me going until then.

was there on 20th . There was no one working on Site Friday(I know it is a day off but the Silverene site was Buzzing with worker activity).

:banana::banana:

Posted by DXBGO on Bay Central today:cheers:

http://i45.tinypic.com/2q3n8mu.jpg

Jeetha hope this helps with what yatch club views you can expect from Silverene.

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

http://i47.tinypic.com/160uiw.jpg

http://i48.tinypic.com/51t2jc.jpg

http://i46.tinypic.com/xen7th.jpg

http://i49.tinypic.com/33elx21.jpg

Thanks for the pics cbp.

I reckon they'll get all the external glazing/cladding within 2 months and then work on the internal fittings during the hotter summer months.

Not easy nor cheap to keep the cladding / windows clean - just look at the Dusit Dubai Hotel (its always covered in dust). What d'you think the external cleaning frequency will be?

^^4x per year, i reckon

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

^^ What a picture. WOW.:applause:

26/February/2010

Silverene

http://i46.tinypic.com/28j9kyr.jpg

http://i49.tinypic.com/25fmt94.jpg

http://i47.tinypic.com/2w6xahi.jpg

http://i46.tinypic.com/oqkl0y.jpg

Looks great. Time to start building the tops now.

Patience young man:)

I love the balcony design, the sloping glass and contrasting edge capping all look classy.

There are too many unremarkable buildings in the marina, this crisp design will stand out and be a real eye catcher. Well done RMJM.

received today mail for payement 30 % end of april 2010 ,finish construction nov/dec 2010 ,or pay in june 2010 like contract
must the appartement not check before paying the last instalment?

Yes, you should wait until completion

Opt ion A

Pay 30% final installment on completion and handover as per Sales & Purchase
Agreement (this will include all accrued late payment charges ).


Option B
• Pay 30% final installment by 30 April 2010

Benefits include:

All accrued late payment charges waived
Free storage room worth AED 25,000 (limited to the first 50 clients )
Priority parking allocation
Priority hanoover of your apartment

That sounds like a smart move from Cayan! Will people go for this?

Not bad, how big is the store?

I tried to call Cayan customer care to get more detials about storage room but no one answer my calls!
Opt ion A

Pay 30% final installment on completion and handover as per Sales & Purchase
Agreement (this will include all accrued late payment charges ).


Option B
• Pay 30% final installment by 30 April 2010

Benefits include:

All accrued late payment charges waived
Free storage room worth AED 25,000 (limited to the first 50 clients )
Priority parking allocation
Priority hanoover of your apartment

When one has been paying on time, then What do they mean by "accrued late payment charges waived"?

Limited to 50 so will they give our money back? and how big sqft is the room? Free storage room worth AED 25,000 (limited to the first 50 clients )

Well I do not care if my car is parked near the lift or far, but rather they should allocate the parking by marking the flat no not like an open parking in any case. Priority parking allocation

Priority handover of your apartment? I am not in a hurry? or does it mean hand over is painful?

cheers

Re the parking its important to have a pick of the parking spaces as we have found out at The Point. Some appts get 2 spaces and you do not want them to be tandem as some are in TP. Means you have to shuffle cars about or your wife wakes you up to let her out!

I actually thought that the letter received today did not put Cayan in a good light. The benefits are next to nothing for those who have been paying on time. To now play with allotment of parking spaces when that ought to be allocated on the basis of a verifiable, due process is being plainly dishonourable. Honestly, Cayan lost a little bit of respect in my eyes. I will be writing to them almost as much.

^^free storage is pretty cool. with you on the car parking, though. they obviously need to accelerate some collections.

Parking is normally alocated on basis of price paid. Studios will be right down on bottom level. Personaly I would jump at it if the money is sitting doing nothing in your bank. Free storage is a plus for your valuables if you are renting out your pad and want somewhere for your golfclubs and speedos:)

Late payment charges will only apply if you have been late with payments. This is the price you pay when the contractor is premier league and is using the money up rapidly. So stop moaning Rags:)

Opt ion A

Pay 30% final installment on completion and handover as per Sales & Purchase
Agreement (this will include all accrued late payment charges ).


Option B
• Pay 30% final installment by 30 April 2010

Benefits include:

All accrued late payment charges waived
Free storage room worth AED 25,000 (limited to the first 50 clients )
Priority parking allocation
Priority hanoover of your apartment

Sounds like a right scam to me to get another 25k out of the punters. The storage room is the only tangible benefit everything is subjective. And how big exactly is the storage room ?? How does anybody know that they're not going to be the 51st client ?? :lol:

It does make me laugh, if Select were comming up with this crazy stuff just imagine the flack they'd get from TB. But as it's Cayan it's perfectly OK and a great deal. For fxxx sake !! :ohno:

Today

where is tower2

http://i46.tinypic.com/jb0evm.jpg

Sounds like a right scam to me to get another 25k out of the punters. The storage room is the only tangible benefit everything is subjective. And how big exactly is the storage room ?? How does anybody know that they're not going to be the 51st client ?? :lol:

It does make me laugh, if Select were comming up with this crazy stuff just imagine the flack they'd get from TB. But as it's Cayan it's perfectly OK and a great deal. For fxxx sake !! :ohno:

That's your problem, you don't know a good deal when you see one cos you can't interpret the words properly.

Where are they asking for an extra 25k? For fxxx sake!! :ohno:

This is a tactic I have been promoting since I saw Nakheel use it. I think some more developers should use it on the last payment and offer incentives and discounts for early payment. Developers like Gulf shores(Atlantic) definatley need to use it. Cashflow is the life blood of any developer.

Your right about Select though, they take the money years before it's needed and give back Fu<k All to their loyal investors.

Today

where is tower2

http://i46.tinypic.com/jb0evm.jpg

Tower disappears between 8 to 9 pm and will re appear if one sees it from the other side.

This is a tactic I have been promoting since I saw Nakheel use it. I think some more developers should use it on the last payment and offer incentives and discounts for early payment. Developers like Gulf shores(Atlantic) definatley need to use it.

Would be usefull for the Wind Towers as well:)

But honestly would you put a single dirham on those projects ? I doubt:)

It was a good example The Index , they had similar promotion in 2008 , they got some money but still not handed over , UP has still no money and as the gossip says it will be handed over just in 2011..

That's your problem, you don't know a good deal when you see one cos you can't interpret the words properly.

Where are they asking for an extra 25k? For fxxx sake!! :ohno:

This is a tactic I have been promoting since I saw Nakheel use it. I think some more developers should use it on the last payment and offer incentives and discounts for early payment. Developers like Gulf shores(Atlantic) definatley need to use it. Cashflow is the life blood of any developer.

Your right about Select though, they take the money years before it's needed and give back Fu<k All to their loyal investors.

"Loyal Investors" ?? What is that mean TB? Word "loyal" is usually used for football supporters.. they follow their club rain or shine, win or lose...... There is no such a thing in business, certainly not in property business in Dubai... Everyone invests just one reason only, to get as much return as possible....

As for Cayan's offer, I think it is a good deal if one has spare cash laying around. I am definately doing it. Of course we need to check storage sizes, etc.. but it sounds good to me..

"Loyal Investors" ?? What is that mean TB? Word "loyal" is usually used for football supporters.. they follow their club rain or shine, win or lose...... There is no such a thing in business, certainly not in property business in Dubai... Everyone invests just one reason only, to get as much return as possible....

As for Cayan's offer, I think it is a good deal if one has spare cash laying around. I am definately doing it. Of course we need to check storage sizes, etc.. but it sounds good to me..

Loyal, just as you describe it. Some investors have bought in just about every development Select have ever launched expecting them to deliver their promises of luxury within reasonable timescales and to the quality they promised. They made their payments on time, many of them 90% before much work was carried. That's loyalty in my books. Now they are holding units worth much less than they paid for them and getting stuffed for the compensation they were promised. Not much of an investment.

http://img96.imageshack.us/img96/2562/silvereneincentive.jpg (http://img96.imageshack.us/i/silvereneincentive.jpg/)

I believe it's a good and honest business ploy. Cayan is only providing an option / incentive (take it or leave it) and not taking anything away from the investor and therefore nothing cynical about the offer - in some cases the developer will fly you in and/or offer a vehicle with a property.

Any cash Cayan receives now, can be used to entise /boost the contractor to expedite handover as well as offering investors something tangible in return. It's great to know Cayan still has a few tricks up their sleeve as i wasn't aware of any storerooms within the buildings.

Wrt car park allocation and priority handover it appears it's not limited to any no. of clients. The '50 limit' only refers to the store rooms.

I assume 'priority handover' will correlate to how quickly any snags will be corrected!

The timing of this memo indicates to me that Cayan management is well and truly focused on Silverene and are thinking on how to close out this project in its entirety asap.

Finally, there's no reason why we can't ask Cayan for written assurance of being one of the first fifty (for the storeroom), prior to handing over the final installment.

Loyal, just as you describe it. Some investors have bought in just about every development Select have ever launched expecting them to deliver their promises of luxury within reasonable timescales and to the quality they promised. They made their payments on time, many of them 90% before much work was carried. That's loyalty in my books. Now they are holding units worth much less than they paid for them and getting stuffed for the compensation they were promised. Not much of an investment.

I know what you mean TB, but just feel "loyalty" is a wrong word to use in this instance.. People paid on time because they signed and accepted contract terms. They thought they will be getting good return and that is why they did it. They took a big gamble because once they signed and paid there was nothing they can do.. Dubai off plan property market was always a big mirage..High risk investment... Most of the people knew the bubble will bust sooner or later it was all about timing.. Investments in property in Dubai were driven by just one thing: GREED! Same as everywhere else.... As for Select properties, they are crooks no doubt but they have just exploit greed of many... A lot of people made a lot of money and lot more lost a lot..

Reading the letter that has been posted above shows there is no hidden agenda. They are being open and candid about the situation. Arabtec are not the cheapest contractor and they are having cash flow issues described as challenging economic conditions. Maybe the banks are being difficult about funding the remaining works until Cayan gets the final 30 lump from everyone.

Don't be kidded either, economic situation is affecting everyone and I'm sure there will be plenty of owners who are now in default, alluded to in the "accrued late payment charges" statement. If owners don't pay their share on time the choices are slow things down to meet the available cash or fund from other sources. Not fair on the people who are paying ontime to have to slow the progress.

I contacted cayan and basically what they said

"The size of the storage room is approximate to be 5m2 located in the basement.

You can choose your preferred car parking space from the drawing they will provide should you opt for this option.

As per our development team the anticipated handover date is between October – December 2010.

The priority handover is that, once the building is completed we will schedule all the clients for the handover. If we receive your payment early then you will have the chance to receive your apartment as early as the first day of handover. "


I did not ask this perhaps you guys can clarify. When is the last 30% due? is it on June 2010 or If i recall it should be linked to the completion date which is tentative dec 2010? Whats in the contract?

Cheers

So when we choose first option we need to pay in june 2010 or dec 2010 when it is finished?

So when we choose first option we need to pay in june 2010 or dec 2010 when it is finished?

of course if you choose option to pay extra, then you got to pay now.
Payment at the completion is different which I already asked.

Cheers

PS: If I were cayan, I would not leave the 30% at the completion rather 10% like others.
That way they will have the next installment in june, wonder who advised them to keep
30% at the completion?
Moreover in my case, instead of paying now 30%, if i have that money now, i can invest in bank and
still generate the 25k money or more.

Anyway I wish cayan all the best and that they deliver on schedule.

Reading the letter that has been posted above shows there is no hidden agenda. They are being open and candid about the situation. Arabtec are not the cheapest contractor and they are having cash flow issues described as challenging economic conditions. Maybe the banks are being difficult about funding the remaining works until Cayan gets the final 30 lump from everyone.

Don't be kidded either, economic situation is affecting everyone and I'm sure there will be plenty of owners who are now in default, alluded to in the "accrued late payment charges" statement. If owners don't pay their share on time the choices are slow things down to meet the available cash or fund from other sources. Not fair on the people who are paying ontime to have to slow the progress.

I don't think anybody is saying that Cayan are not being open or candid now. However, I think Cayan are 'openly and cadidly but equally unjustly' introducing a new and lousy wrinkle at this late stage, a wrinkle that seems not only to reward those that failed to pay earlier instalments on time but provides no incentive or compensation whatsoever to those that paid as per contract and will continue to pay the last instalment as well on time, on completion & delivery, be it Oct or Dec. My point to Cayan is: Feel free to deliver a greater benefit to an early last-instalment-payer but not at the cost of those who are faithfully keeping their end of the bargain. In other words, my right to and my chances of getting a good parking slot should in no way stand diminished for no fault of mine.

Well, it seems they have 50 storage rooms in the basement. I wonder what they are going to do with them if nobody grabs their offer.

Anyway, I would grab the offer if I could dispose of the money at the indicated time.

well the way i see into it is that if u payed ur payments on time all the time until now,then there is no issue but if u decide to pay on completion as per the contract,then if u paid late at any time,u have to pay the penalty's

i will be paying upon completion as per the contract,not too bothered about storage space as this wil only turn into an areas of throwing ur unwanted goods and then this will build up and turn into another headache

From cayan site:
ID Developer Development Community Type Bedroom View Area Price
#SR2407A CAYAN Silverene Apartment 3 Panoramic Marina 1979 Sq.ft AED 2,963,310/-
#SR2801A CAYAN Silverene Apartment 3 Prime Marina 2023 Sq.ft AED 3,852,200/-

Why so much difference in the 2nd one? while it is not as large as the first (except for the balcony) plus it is not even a corner flat...

cheers

http://img96.imageshack.us/img96/2562/silvereneincentive.jpg (http://img96.imageshack.us/i/silvereneincentive.jpg/)

I believe it's a good and honest business ploy. Cayan is only providing an option / incentive (take it or leave it) and not taking anything away from the investor and therefore nothing cynical about the offer - in some cases the developer will fly you in and/or offer a vehicle with a property.

Any cash Cayan receives now, can be used to entise /boost the contractor to expedite handover as well as offering investors something tangible in return. It's great to know Cayan still has a few tricks up their sleeve as i wasn't aware of any storerooms within the buildings.

Wrt car park allocation and priority handover it appears it's not limited to any no. of clients. The '50 limit' only refers to the store rooms.

I assume 'priority handover' will correlate to how quickly any snags will be corrected!

The timing of this memo indicates to me that Cayan management is well and truly focused on Silverene and are thinking on how to close out this project in its entirety asap.

Finally, there's no reason why we can't ask Cayan for written assurance of being one of the first fifty (for the storeroom), prior to handing over the final installment.

Is there any concern that ARABTEC has announced huge losses and they are short of money? Or are we just happy to accept they are great and give them the money?

UAE's Arabtec posts Q4 loss; 2009 provisions weighs
Tuesday, 02 March 2010

BIG PLAYER: Arabtec is the largest UAE contractor by market value. (ITP Images)Dubai contractor Arabtec Holding posted its first ever quarterly loss after a charge of about $80 million for bad debts, missing analysts' forecasts.

Story continues...http://www.arabianbusiness.com/582749-uaes-arabtec-posts-q4-loss-2009-provisions-weighs

Is there any concern that ARABTEC has announced huge losses and they are short of money? Or are we just happy to accept they are great and give them the money?

UAE's Arabtec posts Q4 loss; 2009 provisions weighs
Tuesday, 02 March 2010

BIG PLAYER: Arabtec is the largest UAE contractor by market value. (ITP Images)Dubai contractor Arabtec Holding posted its first ever quarterly loss after a charge of about $80 million for bad debts, missing analysts' forecasts.

Story continues...http://www.arabianbusiness.com/582749-uaes-arabtec-posts-q4-loss-2009-provisions-weighs

I hope they will be able to sustain the loss. at least they are asking the money in return for providing incentives, unlike other developers.

In any case, silverene project is in the final stages and they will definitely want to finish it because of the large 30% sum, I guess.

They have a project announced at the same time of silverene in Jeddah http://www.lamar-towers.com/ but last time I seen the site few months back, not a better looking site in terms of progress, perhaps that project may feel the heat.
Cheers

Cheers

"Loyal Investors" ?? What is that mean TB? Word "loyal" is usually used for football supporters.. they follow their club rain or shine, win or lose...... There is no such a thing in business, certainly not in property business in Dubai... Everyone invests just one reason only, to get as much return as possible....

As for Cayan's offer, I think it is a good deal if one has spare cash laying around. I am definately doing it. Of course we need to check storage sizes, etc.. but it sounds good to me..

No such thing as loyalty in business, your obviously very successful...

TB that deal sounds good to me, SP were after 100k dhs for an extra parking space!

Is there any concern that ARABTEC has announced huge losses and they are short of money? Or are we just happy to accept they are great and give them the money?

UAE's Arabtec posts Q4 loss; 2009 provisions weighs
Tuesday, 02 March 2010

BIG PLAYER: Arabtec is the largest UAE contractor by market value. (ITP Images)Dubai contractor Arabtec Holding posted its first ever quarterly loss after a charge of about $80 million for bad debts, missing analysts' forecasts.

Story continues...http://www.arabianbusiness.com/582749-uaes-arabtec-posts-q4-loss-2009-provisions-weighs

I think the only thing we can read into this is that Arabtec will be ruthlessly pursuing their right to payment due to their poor cash position. What they are not doing is taking the foot of the gas. Therefore Cayan need to be sure the money is there to continue payment if they want continued performance from Arabtec. Simple logic.

Arabtec will throw resourses at projects that have a good payment history and limit or stop work where the money is not coming on time. More simple logic.

No such thing as loyalty in business, your obviously very successful...

TB that deal sounds good to me, SP were after 100k dhs for an extra parking space!

Dont know what you mean CBP, but if you read my msg again it refers specifically to Dubai property business, not necessarely other businesses.. It has always been speculation and greed...

Moreover in my case, instead of paying now 30%, if i have that money now, i can invest in bank and
still generate the 25k money or more.


Can you give me the name of your bank? I got some 1 beds with an outstanding balance if 210.000aed. If as you say you can get 25.000 or more then thats more than 10% ROI PA....:ohno:

Can you give me the name of your bank? I got some 1 beds with an outstanding balance if 210.000aed. If as you say you can get 25.000 or more then thats more than 10% ROI PA....:ohno:

You are right about your case.
Mine is 3 bed and it is 10 months from the 30% payment. So I calculated for meself.
That means cayan offer perhaps then is valid for studio and 1 bed owners.

cheers

I agree, what bank are you with my friend?

You can get 25,000 back in 6 months!!! On 210,000 AED, Great!! Lets all invest!! :banana:

Can you give me the name of your bank? I got some 1 beds with an outstanding balance if 210.000aed. If as you say you can get 25.000 or more then thats more than 10% ROI PA....:ohno:

Guys, when will Silverene move to "Topped Out"?

Final roof is now on both towers!!!!

There is no loan facility and no bank financing it at the moment. Amkalk might finance it if they start financing in general again.

I agree, what bank are you with my friend?

You can get 25,000 back in 6 months!!! On 210,000 AED, Great!! Lets all invest!! :banana:

lol

One of my friend is looking for a 3 bed in silverene, any one has any information let me know. His budget is 2m however he is ready to apply for loan to cover the rest, such facility exists with cayan ?

cheers

Hi all,

I'm looking for a 1BR apartment (the big unit) and I'm ready to offer 900 AED/sq.f. CASH!

If anyone interested, please p.m. me.

Cheerse...

Hi all,

I'm looking for a 1BR apartment (the big unit) and I'm ready to offer 900 AED/sq.f. CASH!

If anyone interested, please p.m. me.

Cheerse...



Fancy a 2bed in the Torch.I've been trying to sell mine with select resale team.

Have a think about it.

APT 1603/1227SQ FT 870,000AED=710AED PER SQ FT.


Thanks.

Paul.

Hi all,

I'm looking for a 1BR apartment (the big unit) and I'm ready to offer 900 AED/sq.f. CASH!

If anyone interested, please p.m. me.

Cheerse...


Checking if you got my email.

Change title to 'topped out' !!!!!!

Hi all,

I'm looking for a 1BR apartment (the big unit) and I'm ready to offer 900 AED/sq.f. CASH!

If anyone interested, please p.m. me.

Cheerse...

Hi Canard,

I have got one in tower B on the 20th floor with views of the marina and SZR. You can have it for 910,000 AED= 972AED/Sqft

Hi Canard,

I have got one in tower B on the 20th floor with views of the marina and SZR. You can have it for 910,000 AED= 972AED/Sqft

Can we advertise properties for sale on this thread now?

Can we advertise properties for sale on this thread now?

WHY NOT !^^

Nice little marina being constructed in front of Silverene. Hopefully some nice yachts berthed there in time for you getting your keys:)

Thanks to Glover for the picture;

http://img130.imageshack.us/img130/9573/img0286wi.jpg

12/March/2010

Silverene

http://i44.tinypic.com/4ig2zm.jpg

http://i43.tinypic.com/2u4t2z6.jpg

http://i39.tinypic.com/f9r5f5.jpg

http://i41.tinypic.com/wc0jza.jpg

http://i44.tinypic.com/i4etk2.jpg

I can see Silverene from my window and sad to say there are very few people on site today and no activity at all. Hope this is not the start of problems with Cayan or Arabtec. Especially after we got the begging letter from Cayan recently. Any news from anyone else?

it was weekend,check monday or tuesday again

A lot of work is inside the building as well.

****

Arabtec needs external support on unpaid Dubai bills - analyst

A prominent local analyst has warned that Dubai construction giant Arabtec is reliant upon its proposed $1.7bn merger with Abu Dhabi’s Aabar Investments to offset millions of dollars in unpaid bills.

“I think the Arabtec story is linked to the Aabar deal in the near term; I don't see Arabtec being able to mitigate receivables exposure to Dubai without external support,” UBS head of research and senior real estate analyst Saud Masud told Arabian Business on Tuesday.

Earlier this month, Arabtec CFO Ziad Makhzoumi said that the company was owed $680m in late payments.

“On the flip side, should Saudi traction materialise over the coming years, in line with our expectations, the business model should at least stabilise," continued Masud at UBS.

“Right now, it’s more about damage control entailing Dubai receivables and it may come at the cost of significant shareholders' dilution – i.e. Aabar's potential 70% stake in Arabtec,” he added.

When contacted by Arabian Business, Arabtec CEO Riad Kamal declined to comment.

Earlier this month Arabtec posted its first ever quarterly loss after a charge of about $80m for bad debts.

Deutsche Bank this week downgraded Arabtec from “buy” to “hold” due to its weak backlog, but some analysts argue the fragile backlog was expected, and that the move may have been premature.

“Management [from Arabtec] had informed us that due to weak market conditions, backlog growth could be weak in 2009 and hence, we are not completely surprised,” Al Mal Capital analyst Mala Pancholia told Arabian Business.

“We believe that Aabar needs to generate around $19bn of backlog in order to minimise the dilution impact and investors will then look at the deal favourably.”

Al Mal Capital has been conservative in its estimates for Arabtec, and the weaker backlog has been factored into its 2009/2010 model.

Pancholia said that there were four factors that would lead her to review her current position on Arabtec stock. These included Aabar’s potential to enhance the backlog – especially in Abu Dhabi, and how Arabtec plans to use the cash it will gain from the merger, which should be completed in April.

“Other catalysts are the contractor’s strategy to deal with the overhang of receivables from Dubai and a healthier backlog in Saudi Arabia & Qatar,” she added.

I hope cayan is not among those debtors who owe $680m to Arabtec.

I'm sure they are as not many developers pay for the work before it's done.

Has anyone seen the storage space that Cayan are giving away, if you pay remaining balance early?

Is it a cage like storage?

I think the construction slowed here , I see only progress of the balconies cladding , still nothing about the last few floors cladding and the roof.

Could be they are waiting for some material or maybe working inside.

What about construction on Infinity Tower?

Jeetha I will arrive friday and go over there saturday to see whats going on.

Could be they are waiting for some material or maybe working inside.

What about construction on Infinity Tower?

Yes, maybe more workers inside now, I just see the SZR side every day 3-4 times.

Infinity in full progress.

I am going to the Marina Mall morning , will post new pics later.

It is unlikely that anything will happen with Arabtec as the money they are owed must be covered by their banks or financers. Banks don't close down good going concerns that have a cash flow problem, or they would kiss their debts goodbye. They will be working very closely with Arabtec and paying critical accounts that are necessary to secure profitable turnover.

I expect that suppliers will be nervous though and will be enforcing strict credit control.

At the end of the day Silverene is not in any financial risk, only delay risk.

Wow - Quite a few apt listed for resale.

http://www.cayan.net/search.php#listtop

^^Some crazy prices, 1 bed for 2700AED/ft:nuts:

Could be Cayans own stock or defaulters being added to the sales list.:dunno:

There are 48 listed.

Usually show only around 12 @ anytime.

I think someone pressed the wrong button.:ohno:

[QUOTE=True Blue;53580233]^^Some crazy prices, 1 bed for 2700AED/ft:nuts:

I hope they get it !!

A dream seller here @ 2700AED/Sq. ft
#SR703A 1 Pool 637 1700053

Average 1bed between 1650 - 1850AED/sq.ft.

As resales, maybe these prices include the transfer fee and agency commison.
Are transfer fees still charged or now totally banned?

If you look at Better Homes' website (www.bhomes.com), you will see 2 1-bdr apts (smaller size of 637 sqf) in Tower B for less than 1 mil. AED and 3 2-bdr. apts in Tower A, one of which for 1,4 mil.

Wow - Quite a few apt listed for resale.

http://www.cayan.net/search.php#listtop

Published Thursday, March 18, 2010

UAE developers repossess units. (AFP)

Repossessing a home part paid for is always an ugly process and developers in the UAE, who have taken the dire step, say they have done so only after being pushed into a cul-de-sac by errant owners.

Bonyan International and Cayan Development have already repossessed some units, while South Korea's Bando Construction is looking to take back a few units.

"We have given lots of grace time to our investors to pay up the outstanding amounts like six months to one year," said Kareem Derbas, CEO of Cayan.

"We have been sending notices to some customers for the past one year asking them to pay up.

"However, since the customer showed no signs of paying up and in order to ensure the continuity of the project, and keeping in mind the recession, we have terminated the contracts of those investors. We have gone through the entire process as regulated by Real Estate Regulatory Agency [Rera] to repossess the units."

He added: "Around 120 property units across a spectrum of our developments are going through the process with Rera in order for us to repossess them from our customers."

Bando Construction, which is developing the U-bora Tower in Business Bay, is also engaged in similar proceedings.

Ian Powell, Business Development Manager, Bando, said: "The cancellation process outlined by Rera, arising due to default of the buyer, is clear under the Law No 13.

"However, we are continuing to give adequate time for a solution to be derived for the investor."

^^

No surprise here with the repossesion steps, and guess Cayan have to draw the line sometime. The offer to get investors to pay the final 30% earlier suggested that they had issues with available funds/defaulters.

I personally feel sorry for those that stretched themselves to get units here + are affected by the lack of available finance in the region. A classic example why fury surfaces when bankers are been offered mega-bonuses while the common investor loses everything.

Wonder why investors couldnt market thier units at original prices as opposed to the current unrealistic 30-50% premium prices.

Let’s hope this doesn’t affect our completion date or quality.

Some investors just become invisible. They probably have more problems than a Dubai deal gone bad and may have become personal bankrupts. If they do not correspond with the developer and look for a way out then they have only themselves to blame.

I have read many stories of people borrowing money on credit cards etc and flying to Dubai to put a deposit on an off plan, expecting to flip it in 3-6months and double their money. TV programs like Dubai Dreams and Sarah Beany's property developer have a lot to answer for.

I have to confess to reserving 2 2beds in Dorrabay without being able to afford them. I passed one of them quickly to a friend for the Original Price which included my pre launch discount. Better to stay in shallow water in case you get into difficulties you have more chance of survival:)