http://i8.tinypic.com/6cgtrvo.jpg

Today I asked the developer, that price is if you buy a whole floor...

Studio price starts apr. 560.000 AED.

Location: near Sky View, TGR plot.. they have a map but I was busy to visite their office. Maybe tomorrow...

:puke: Great name.

Today I asked the developer, that price is if you buy a whole floor...

Studio price starts apr. 560.000 AED.

Location: near Sky View, TGR plot.. they have a map but I was busy to visite their office. Maybe tomorrow...

is it right next to DEWA office, or the one after that! looks like completion is in 2010

If a studio starts at 560K what do you get for the advertised 420K, a garage space?

is it right next to DEWA office, or the one after that! looks like completion is in 2010


yes , next to DEWA office.

quite feminine-looking tower

:puke: Great name.

MONDADORI is Italy's biggest book publischer, but I don't know if there is a connection.

quite feminine-looking tower

I would say it has the perfect look for the Marina, unlike some other monstrousities.

Like the tower, but the name :ohno:

whats with the name ...

Nice filler!!

:ohno: Did some search and couldnt find any details on the developer. Anybody here have details to share on this developer's other projects. -evstephen

I did Googled the name and Katherine Price seams to be the American ex-wife of the Italian magnate Leonardo Mondadori of MONDADORI, the biggest Italian publishing house.

She still keeps the Mondadori name. I couldn't find anything else about her though.

So this is what she is doing with the divorce settlement money?

Cool!

Ivana Trump II

i might be wrong
but i think there already is a tower which is looking very similar to this one

yea the design looks very faimilar

http://www.dubaiwaterfronts.com/sitebuilder/images/9D_IN_MARINA-345x587.jpg

location is plot 9D in this map


http://dubaiproperty.ru/pic/dubai_marina/plot_9hh_9rr/9rr_9hh.jpg

my guess it will be 9E.

9D is fenced as part of the Trident. they have their office cabins on that plot now.

^^ it is 9D. Check dubai waterfronts website. They are calling it "9D Tower"

^^

it's kind of odd. they have 9D in the title, but the second picture, it's 9E that they marked in red. Also, though the picture they had for 9D is for the KPM tower, it's called Dream Tower there.

how reliable is this site!

http://www.dubaiwaterfronts.com/9d.html

^^ they are usually quite accurate and get a lot of new stuff..

i would also go with 9d right now..

The plot is 9D. Was offered few floors last week at pre-launch price. They claim floors > 10 will have unobstructed sea view.

^^ I doubt that

Where have i seen this design

i met her personally during my visit to Italy. we were at the same dinner party. She is a very chic and intelluctual person. we talked for a long time about art and books. Dubai needs people like her

Guys,
I must alert you all: Katherine Price is a criminal. Litterally. She is full of legal problems in Italy and that is why she is moving to Dubai.
I know the family, I'm french but I know all the problems her late ex husband Leonardo has had with her.

By the way she cannot use the name MONDADORI because it belongs to the italian publishing house. Be careful, if they know it they can sue the company and the developers.
If some of you are involved with her, keep her away. :ohno:

^^interesting who is allowed to build a tower in dubai..

9D :

http://dubaiwaterfronts.com/sitebuilder/images/Graphic2-490x367.jpg

I havent found this plot yet.

Next to DEWA plot is using the Trident Grand, offices and storage area and the next one is the Skyview plot.

btw. the area within the roundabout is hopefully used as greenery ?

Naa. I reckon Emaar could squeeze another couple of towers there. Easy. We don't want the Marina over-greened.

Naa. I reckon Emaar could squeeze another couple of towers there. Easy. We don't want the Marina over-greened.


:lol: :lol:

they removed all palms and flowers from the Marina Mansions to Dreams and new road or I dont know whats going there:)

Well, rumour has it the local Association of Palm Trees and Other Foliage were collectively rallying to have their annual rent decreased, Emaar got wind of this and evicted them all. Sad. But hey! Their share price is recovering well, so all is well!

Anyway, plants are so over-rated. They pollute the air with nasty oxygen and generally clear the air up. We don't need this crap to dilute carbon monoxide from car exhausts, smoke and other such vitamins in the air.

then how come belled doesn't agree...
how would she get approval for the building in the first place

i met her personally during my visit to Italy. we were at the same dinner party. She is a very chic and intelluctual person. we talked for a long time about art and books. Dubai needs people like her

then how come belled doesn't agree...
how would she get approval for the building in the first place

I don't know belled, but the most important Italian news paper gave the news...they are all looking for an apt
http://img264.imageshack.us/img264/9227/02ek3.th.jpg (http://img264.imageshack.us/my.php?image=02ek3.jpg)

Kate Price.... is she from Jordan? If so it's plot 38GG.:lol:

[img=http://img264.imageshack.us/img264/9227/02ek3.th.jpg] (http://img264.imageshack.us/my.php?image=02ek3.jpg)

I've read the page, they say that the tower is sold out, and the price vary from 10,000 to 18.000 EUROS per mq! It means 4.500/8.300 sqf!

Hilarious

but I still dont know where is this plot:)

next to the DEWA plot use the TGR now , next one is the Skyview plot.
I dont think so that the TGR will leave that site soon.

Hilarious! All those "Euro" Stars, who have supposedly bought flats in there. Since when is Adamo an Italian singer? He is Belgian and more of a French star. It all sounds like bogus. If they really paid this money per sqm, they have been f***** over unless the ceilings are gold plated.

this is becoming weird

I thought the plot is 9D? I have the brochure, i'll take a look. Just out of interest, this was allegedly Dubai's first freehold tower to register with RERA. Kinda ironic when you consider what ppl are saying bbout KPT! :lol:

but I still dont know where is this plot:)

next to the DEWA plot use the TGR now , next one is the Skyview plot.
I dont think so that the TGR will leave that site soon.


Rdmx, I agree with you..10'000 is really too much!!! but you know the journalists...
They told me, it is going to be top quality, not like the other twers in Dubai..she is also re doing some apts in JMR..they told me are beautiful...I will let you know if I see them

I thought the plot is 9D? I have the brochure, i'll take a look. Just out of interest, this was allegedly Dubai's first freehold tower to register with RERA. Kinda ironic when you consider what ppl are saying bbout KPT! :lol:

Sorry, what is RERA?
thanks

Sorry, what is RERA?
thanks

Real Estate Regulatory Authority

I thought the plot is 9D? I have the brochure, i'll take a look. Just out of interest, this was allegedly Dubai's first freehold tower to register with RERA. Kinda ironic when you consider what ppl are saying bbout KPT! :lol:


i think we would just take what everyone says as rumours until we can get concret evidence...but it is impressive they registered first of all...they would start preparing for the escrow account soon if all goes on track.

I have the brochure and its pointing to plot 9D.

this tower is hideous, i cant believe some of you thought it looks good.

I have the brochure and its pointing to plot 9D.

can u scan it and post it so imre would have an idea where it is located?

Yes, I'll do that when i'm back in the office tomorrow. Coz right now, i'm semi-consciously watching Jetix (Power Rangers - my kids love them), part-salivating at the thought of a rather powerful round of roast dinner i'm about to embark upon, at around 6.24pm tonight. Happy Iftar all. :drool:

might buy an apartment in this building. The real state agent said the developer has filed a comlaint against Trident with Emaar, the master developer! They are using KPM's plot for office space and other stuff and were supposed to vacat the plot by now.

Why? are you a fan of Adamo ?

How much are you paying per sq ft ?

might buy an apartment in this building. The real state agent said the developer has filed a comlaint against Trident with Emaar, the master developer! They are using KPM's plot for office space and other stuff and were supposed to vacat the plot by now.

what is the price coz it better be good!! :D

TGR board was removed but offices are still there.

what do you guys have against this developer!!

it's done! bought a 430 sqft studio on the 6th floor facing the marina, no balcony, resale market. i believe i got a good deal, dhs 536k in total, which comes down to dhs 1,245 per sqft. this is cheaper than studios in the arse end of the marina, seller said it's a rush sale! will be a great invetment as a short let!

some manager in the developer's office said i should see some movement on the site within a month or less. completion is end of 2009!

^^ Great did not think it was that cheap from previous messages on this forum.

if you go to the developer, the cheapest studio available now is dhs 713k, though that's a 532 sqft studio! they have 6 studios left on the first 4 floors! the one and two beds are going for an average of dhs 1,500 per sqft.

seller said it's a rush sale! will be a great invetment as a short let!

No kidding :eek: first time I've ever heard of a Dubai developer making such an honest claim :eek:

some manager in the developer's office said i should see some movement on the site within a month or less. completion is end of 2009!

How nice of them to be so honest and caring towards their customers - who will probably never learn shit.

"rush sale" was someting said by the seller, not the developer. the studio was bought on the resale market. and the short let investment thing is my thought, not the developer! didn't mean to be confusing like that!

i am taking what the manager said with a grain of salt. if they finish by mid 2010 then i will be happy! but al-masah which is the agent of the developer in dubai said the owner wants to finish it by end of 2009.

finally the board and similar advert of My Tower and Dolce Vita are there and I think Trident will leave the site soon.

It will be interesting where will put the Trident their stuff from there:)

24/October/2007

KPM Tower

http://img139.imageshack.us/img139/6686/imresolt081rt1.jpg (http://imageshack.us)

http://img86.imageshack.us/img86/2039/imresolt082mu6.jpg (http://imageshack.us)

http://img137.imageshack.us/img137/8577/imresolt083in1.jpg (http://imageshack.us)

new updates? :fiddle:

nothing, Trident offices using the site.

it's done! bought a 430 sqft studio on the 6th floor facing the marina, no balcony, resale market. i believe i got a good deal, dhs 536k in total, which comes down to dhs 1,245 per sqft. this is cheaper than studios in the arse end of the marina, seller said it's a rush sale! will be a great invetment as a short let!

some manager in the developer's office said i should see some movement on the site within a month or less. completion is end of 2009!

This is funny because today I emailed someone who wants to sell his kpm 430 sq ft studio also on the 6th floor facing the marina but for 625 aed and he emailed me back and told me that it is still available. could that be you reselling it again? or who ever sold you the studio is trying to sell it again? :spam1:

no that was me. i decided to sell it and make a quick buck. the cheapest studio from developers in that part of the marina today is above AED 700k. check the new development the Botanics. They also have nothing below 700k. TGR and Royal Oceanic studios are going for on average above 800k on the resale market. and you do get a marina view with my studio!

i am still surprised how cheap I got it just 3 weeks ago!

no that was me. i decided to sell it and make a quick buck. the cheapest studio from developers in that part of the marina today is above AED 700k. check the new development the Botanics. They also have nothing below 700k. TGR and Royal Oceanic studios are going for on average above 800k on the resale market. and you do get a marina view with my studio!


i am still surprised how cheap I got it just 3 weeks ago!

glover, well done, that price was a steal!!!!! Not sure though if TGR do studios.

Promotion video (http://www.dropshots.com/leonardodubai#date/2007-08-08/07:21:33) of the KPM Tower.

Not the best video and quite deceiving. The tower is surrounded by smaller towers and a lot of green.

KPM's developer is on RERA's approved developers list, published Dec 30.

299 NEW WOLD INVESTMENT LTD

19/January/2008

KPM

http://img86.imageshack.us/img86/1381/imresolt18bd0.jpg (http://imageshack.us)

http://img260.imageshack.us/img260/1918/imresolt23si9.jpg (http://imageshack.us)

today. TGR cabin offices removed from KPM site.

http://img179.imageshack.us/img179/6145/img0035an4.jpg (http://imageshack.us)

excuse me but what TGR cabine offices are?

Apparently another Italian star has taken a floor (allegedly) Mr Rocco Siffredi and if you buy in the tower you might get an invite to the housewarming.

ok i bought two apartments in kpm... I'm waiting for the invite from Mr Rocco Siffredi :):)

Trident Grand Residence (TGR), the tower next door. they were using KPM's site as an office space up until this week.

this means KPM's piling is about to start!


http://img527.imageshack.us/img527/5122/imresolt23si9vd5.jpg (http://imageshack.us)
http://img527.imageshack.us/img527/5122/imresolt23si9vd5.67a0289c76.jpg (http://g.imageshack.us/g.php?h=527&i=imresolt23si9vd5.jpg)


excuse me but what TGR cabine offices are?

ok thank you glover

i was at the site today. there were about 6-8 workers cleaning up the site!

fantastic! then we hope they should start to built in a few time

ok glover your messages and photos are a great help for me to see from Italy the kpm's works

today.

http://img509.imageshack.us/img509/30/kpm2cl1.jpg (http://imageshack.us)


http://img255.imageshack.us/img255/2396/kpm1cn8.jpg (http://imageshack.us)

Glover, wonderful pics. Many thanks!

per enriquedubai2
May 29
site cleared, but no sign of any work yet!

http://img524.imageshack.us/img524/1427/img8663jq7.jpg (http://imageshack.us)
http://img524.imageshack.us/img524/1427/img8663jq7.ef40e48220.jpg (http://g.imageshack.us/g.php?h=524&i=img8663jq7.jpg)

Kate Price.... is she from Jordan? If so it's plot 38GG.:lol:

I reckon that it would be more appropriate for Katie Price to put up a building in Dubai SILICON Oasis!

I also hear that she may recently have had her plot size reduced!

Does anyone know if they start to work?

I reckon that it would be more appropriate for Katie Price to put up a building in Dubai SILICON Oasis!

I also hear that she may recently have had her plot size reduced!

Are you saying she's had the size of her breasts reduced ??

Sharp as a razor, Mm!

called al-Masah's office few days ago. they said they finally got the permit from Dewa. it turned out that there is a dewa cable passing thrugh KPM's plot and dewa was holding back on a permit to build until that issue is resolved.

we should see some activity onsite within 20 days.

will post pictures if i see any activity there. the site is still as it was few months ago!

called al-Masah's office few days ago. they said they finally got the permit from Dewa. it turned out that there is a dewa cable passing thrugh KPM's plot and dewa was holding back on a permit to build until that issue is resolved.

we should see some activity onsite within 20 days.

will post pictures if i see any activity there. the site is still as it was few months ago!

ok glover i have had the same new from my agent , the picture that i have of the site shows three floors parking

Oh please, it seems to be fashion to give Dewa all the faults of delays. Maybe you should enquire deeply into this matter.

today nov. 2. nothing yet, just some cleaning!

http://img201.imageshack.us/img201/375/img0204jt3.jpg (http://imageshack.us)
http://img201.imageshack.us/img201/img0204jt3.jpg/1/w1280.png (http://g.imageshack.us/img201/img0204jt3.jpg/1/)

http://img151.imageshack.us/img151/5104/img0205pc8.jpg (http://imageshack.us)
http://img151.imageshack.us/img151/img0205pc8.jpg/1/w1280.png (http://g.imageshack.us/img151/img0205pc8.jpg/1/)

http://img148.imageshack.us/img148/3715/img0203iy9.jpg (http://imageshack.us)
http://img148.imageshack.us/img148/img0203iy9.jpg/1/w1280.png (http://g.imageshack.us/img148/img0203iy9.jpg/1/)

http://img113.imageshack.us/img113/8858/img0202ty0.jpg (http://imageshack.us)
http://img113.imageshack.us/img113/img0202ty0.jpg/1/w1280.png (http://g.imageshack.us/img113/img0202ty0.jpg/1/)

someone has news about the KPM site?

today jan 17. ground work. status should be changed. thanks mods.

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

http://i42.tinypic.com/kds4dv.jpg

http://i39.tinypic.com/2ngd7he.jpg

http://i40.tinypic.com/2ch2rg6.jpg

http://i43.tinypic.com/20sxf2c.jpg

Did anybody hear anything from the Developer, if they are asking to start again with the payments??
Or they will wait till they reach to 20% of construction.

Thanks

Firms selected for 10 projects of Almasah

on Thursday, February 05, 2009

Almasah International Real Estate, a Dubai-based company, announced the appointment of five separate contracting companies to start foundation and piling work on 10 of its projects.

Italian Foundation Company, Pliex Foundation, Zetas, Dutch Foundation and International Foundation will share the contracts totalling Dh86.7 million.

Almasah Chairman, Dr Abou Taleb Talebi, said: "Our main objective is to move ahead with our projects. We have rescheduled payment plans on these projects for our clients' benefit, helping them during these times of crisis and working alongside them for the benefit of all. To this end, we have created a specialised unit that serves our customers and have been very flexible, helping them in any way possible."

He said current market prices for building materials and the ready availability of a labour force are positive benefits of the current UAE economy, which ensure Almasah's projects will move ahead.

"We have 30 projects in total and we are committed to completing and delivering every single one of them," Talebi said.

Seven of the projects (Cadi 3, Cadi 5, Jouri 5, Jouri 6, Orchid Residence, Judi Palace and Soraya Tower) are located in Jumeirah Village. The rest (KPM Tower, My Tower and Dolce Vita) are located in Dubai Marina. All 10 are residential buildings and will comprise 2,622 units.

The foundation work will be completed during the second half of this year, by which time Almasah will have appointed contractors to start construction on the main structures.

Foundation work for Cadi 3 and Cadi 5 will be done by Italian Foundation Company; work for Jouri 5, Jouri 6 and Orchid Residence by Pilex Foundation; work for My Tower, Judi Palace and Soraya Tower by International Foundation; Zetas will do the foundation work for KPM; and the foundation work for Dolce Vita will by handled by Dutch Foundation.

The completion date for the Jumeirah Village projects is in the third quarter of 2010 while the projects in Dubai Marina will be delivered during the first quarter of 2011.

http://business24-7.ae/Articles/2009/2/Pages/02052009_8788dd30f83d4c98a49215229e2ac96d.aspx

08/February/2009

KPM

http://img6.imageshack.us/img6/946/imresolt163zt8.jpg (http://imageshack.us)

Why On Hold ?

should be moved to Ground Work.

today, around 3pm

http://img241.imageshack.us/img241/7209/img0272j.jpg (http://img241.imageshack.us/i/img0272j.jpg/)

http://img21.imageshack.us/img21/1431/img0273b.jpg (http://img21.imageshack.us/i/img0273b.jpg/)

http://img26.imageshack.us/img26/276/img0275l.jpg (http://img26.imageshack.us/i/img0275l.jpg/)

Gulf Technical Construction Company, Drake & Scull International’s (DSI) civil contracting arm, said on Monday it had been awarded a AED250m ($68m) contract for a tower in Dubai.

The contract, awarded by Marina Exclusive, was for the design and build of KPM Tower in Dubai Marina, the firm said in a news release.

It covered the design and build of the residential tower, which is made up of five basement levels and a ground floor plus 38 floors.

Dubai-based DSI acquired GTCC in 2007 to complement its infrastructure, water and power service division.

18/September/2009

KPM Tower

http://i26.tinypic.com/smbtvr.jpg

http://i25.tinypic.com/65x11k.jpg

http://i25.tinypic.com/xpbh9h.jpg

http://i26.tinypic.com/33farzn.jpg

hi, Any chance to see some pictures :D

41 floors, 165 meters in height !

http://www.dimensions-ec.com/Projects/kpm.html

Well the Katie Price tower is not going anywhere while she is back in the Jungle, Maybe Pete can lend a hand and help get things sorted when he's not changing the kids nappies.

The original sign board which has been taken down now. Note the residence visa will be provided:ohno:

http://i8.tinypic.com/6cgtrvo.jpg

Almost 3 years since launch and now been awarded as a design and build contract which tells us the approvals have not been obtained yet, as no final design is ready for submission.

Likely to be another 3 years before this is complete!

probably they were right, last project in Dubai Marina if it will be ever built :)

TB, would this be the final design approval. I found it on their website.

http://kpmtowerdubai.com/

http://img253.imageshack.us/img253/7337/ww14d8.jpg (http://img253.imageshack.us/i/ww14d8.jpg/)



Almost 3 years since launch and now been awarded as a design and build contract which tells us the approvals have not been obtained yet, as no final design is ready for submission.

^^ That looks like a planning approval type letter. How it will look and the general layout etc.

The type of approval I was refering to is what we in the UK would call Building Warrant approval. This is where all the final structural and performance criteria are submitted and approved. Normally by Dubai Municipality. Then there is fire regulations etc which is approved by Civil Defence department.

imre i e-mailed developer regarding this, 3 years later nothing is done, swapping with this company is like getting out of shit which iam now knee deep in and getting into deeper shit up to my neck this time, this company is trying to scam people into swapping property so they can generate funds for kpm tower , 27 projects underway my arse

looks like it has a name change - no longer 'KPM' Tower, now 'Dream Tower'

http://i97.photobucket.com/albums/l212/sids666/P1000275a.jpg

^^

this is different project , we have a thread:

http://www.skyscrapercity.com/showthread.php?t=898474

You mean there are going to be 2 towers on that little scrap of land between Skyview and the DEWA substation? :uh:

Another bloody scam. :ohno:

You mean there are going to be 2 towers on that little scrap of land between Skyview and the DEWA substation? :uh:

Yes , but the difference is that the Dream Tower will be built because the owner is the Emirates Islamic Bank but what about the KPM Tower?

They will start anything there?

Hi guys, news on KPM Tower!

New World Investment has decided to change the project, so there will be another tower layout!
The new tower will be 40floor high and will have an arabian's inspired design done by Archea Studio.


I've been in dubai in october and the works was going on, someone have any fresh photo of the works?


However the Emirates Real Estate (http://www.emirates-re.it/en) has an agreement with KPM Suisse Immobiliere, then if you want to have more info (that i cannot write here) contact me!

Mail: info@emirates-re.it
Tel: +39 0184 267017

^^This is just the limit. I am on a crusade against developers who sell inspiring designs and then build a watered down version, but to completely redesign is criminal.

Full refunds should be an option to investors.

it's not watered, it's completely new!
the units are different in size and shape.

^^^^

Nice advertising

it's not watered, it's completely new!
the units are different in size and shape.

The new tower will be 40floor high and will have an arabian's inspired design

So instead of an Armani suit, they can expect a dish dash!

couple months back this developer tried to trick me into swapping a unit from a diffrent developer to one of there projects, they are a very shifty company, think twice people you even talk with these rag heads

Honestly, this is just joke , 3 years gone and still just hole.

We are aware that there were problems in the past, but now with this change of project the developer guaranteed us that the works will continue regularly.

Our society, official agent of KPM in Italy, has all the details.
If someone has bought an apartment, wants to buy, or need any type of information, can contact us.

I can't write more publicly to respect the agreement with KPM society.


However starting from the early 2010 will be setted up a webcam that shows the progress of the works and wil be built a small cube near the yard, into which will be made an apartment example.


I think it will be good! :okay:

hey buddy your doing advertising, people are not stupid , to make more dirty money ur company has used property swap tactics to rip people off even more,

example,

i have a unit with a diffrent developer worth 900,000 AED (todays pricing) and u want me to swap with a unit of urs that worth 735,000(todays pricing).

nice try, 3 years no progress on most of your developments, whats next? put up another fence and request 30% deposit?

hey buddy your doing advertising, people are not stupid , to make more dirty money ur company has used property swap tactics to rip people off even more,

example,

i have a unit with a diffrent developer worth 900,000 AED (todays pricing) and u want me to swap with a unit of urs that worth 735,000(todays pricing).

nice try, 3 years no progress on most of your developments, whats next? put up another fence and request 30% deposit?


First of all the Emirates Real Estate is an agent, then all this critical can't be reported to us.
I write here to inform this community with the news that we can know directly from the developer and obviously to give a reference to those who want info.


For us it is all perfectly in order, because the developer is always Exclusive Limited Marina (registered to the RERA etc..)
It's not good this cosmic pessimism towards this "new management" that, in my opinion, is just trying to bring added value to this project and, above all, complete it!

Let them work! I hope that soon we can see something concrete.


This is the new project design:
http://i47.tinypic.com/2vxklrp.jpg

Double post, excuse me.

There is definitely work going on at the site. The photos, taken from Royal Oceanic balcony, were made a few days ago. Shovels were moving earth. So maybe at least something comes out of this.

http://home.tiscali.nl/cyril/ssc/kpm-tower-from-oceanic1.jpg

http://home.tiscali.nl/cyril/ssc/kpm-tower-from-oceanic2.jpg

Thanks for the pics!

First pic is the Dream Tower site , they are working , workers there.

http://www.skyscrapercity.com/showthread.php?t=898474


Second pic is the KPM Tower site and looks dead.

Again news, interesting for who have bought in KPM.

The italian periodical “IL MONDO” now at newsstands (No. 52) at page 18 has published an article which talks about the conflicts linked to Italian projects as “Katherine Price Mondadori Tower,” “My Tower”, “Pavarotti Tower”, ” Dolce Vita” and the future of them.

In particular, it discuss about the case of Katherine Price Mondadori Tower (KPM), which explains the process that led to the new project (photo in previous post) and how it will be made. Through the history of the owner of an apartment in the tower KPM are clarified which are the possibilities offered to those who have already bought an apartment in this tower: to confirm the purchase with a guaranteed net return of 6% for the first 3 years, or resell the property through authorized intermediaries.


Unfortunately the article is only in italian, if someone feels like to translate it contact me in PM, i have the PDF.



However, in the photo i see a deeper hole than in october, sign that the works ahead anyway.

This situation has become a complete farce! Why was it necessary to completely change the design of the tower after launch. A total farce and something very fishy going on here.:shifty:

Is it a pure coincidence that the new design resembles a house of cards?

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

The italian periodical “IL MONDO” now at newsstands (No. 52) at page 18 has published an article which talks about the conflicts linked to Italian projects as “Katherine Price Mondadori Tower,” “My Tower”, “Pavarotti Tower”, ” Dolce Vita” and the future of them.


None of them wont be ever built, this is my opinion.

Redesigning after 3 years of the lauch just joke again, what will you do if the investors will ask back the money because they dont like the desigh??

Will you pay back? I doubt..

Imre the only 2 options for people who have bought are:

-confirm the purchase with a guaranteed net return of 6% for the first 3 years
-re-sale the apt with the affiliates agencies

no money back directly.



In the new tower in the same volumetry there will be 260 units (in the original project there were 360), then the apartments will be bigger than in the past project.
We think that the original prices won't change.

For the other "italian" towers in the article our agency doesn't have contacts, so we don't know more.

Thanks for the info!

I wish the best for 2010, would be nice if these towers start rising soon!

Anyone rcvd info regarding new design of property from Al Masah ?

Hi Can you explain what that means :
confirm the purchase with a guaranteed net return of 6% for the first 3 years ,

Past 3 yrs or future 3 yrs , this is if we want to rent app ?

Tks

Hi Can you explain what that means :
confirm the purchase with a guaranteed net return of 6% for the first 3 years ,

Past 3 yrs or future 3 yrs , this is if we want to rent app ?

Tks



First of all we wish you a Merry Christmas to all!


The three years start when the building is delivered.

For the return, probably the 6% is guaranteed regardless of whether the apartment is rented or not.
But we are waiting confirmation and more info, it's not official.

Thank you , wishing you merry Christmas too.

I checked your web page and find out that you offer app in new KPM , how comes that there is still avl appartments specially when project is decrease for 100 units.

hello,
the developer is a swindler. I bought three years ago two appartments in KPM. I already payed 50% and it is still a hole. What have they done with our money? From my point of view it is mandatory that all buyers do something together against it. They walk all over us. I heard the project is on hold. Why?

Emirates Real Estate is a fraudster! customer service of KPM in dubai just confirmed to me that no changes whatsoever have taken place on the design!

Emirates Real Estate is a fraudster! customer service of KPM in dubai just confirmed to me that no changes whatsoever have taken place on the design!

I dont know about Emirates Real Estate Company but I know first hand that the developer is a swindler, this is a fact, ask any investor,


they try many tactics to get money out of people such as doctored photos ,swapping units ect.

I agree with you that this is no way how to treat customers , I am also owner of invisible unit in KPM , was last mnth in Dubai and visit the the plot.

One of engeneers from ZETAS there confirm me that huge progress will be visible in 2-3 mnts , man is not from company who take me money so I think that some positive news are welcome.
He also confirm to me that reason why only 10 workers are on the plot is because in this stage of fundation more workers do not means big progress.

If anyone has some update pls advise.

Rgds

i own a studio here and the developer was cooperative to change the payment schedule to one linked to construction progress. i paid over 40% so far but have not paid a single payment for over a year now. obviously, i am very disappointed with the lack of meaningful progress to say the least, but i have no doubt that this project will be completed given its prime location. plus, ZETAS is working on the foundation now.

I dont know about Emirates Real Estate Company but I know first hand that the developer is a swindler, this is a fact, ask any investor,


they try many tactics to get money out of people such as doctored photos ,swapping units ect.

i own a studio here and the developer was cooperative to change the payment schedule to one linked to construction progress. i paid over 40% so far but have not paid a single payment for over a year now. obviously, i am very disappointed with the lack of meaningful progress to say the least, but i have no doubt that this project will be completed given its prime location. plus, ZETAS is working on the foundation now.

the only reason the developer "agreed" to a construction based payment plan is because this is the law the the government has put in place, thats the only reason, they will be more than happy to take your money in small portions if the law did not exist.

i own a studio here and the developer was cooperative to change the payment schedule to one linked to construction progress. i paid over 40% so far but have not paid a single payment for over a year now. obviously, i am very disappointed with the lack of meaningful progress to say the least, but i have no doubt that this project will be completed given its prime location. plus, ZETAS is working on the foundation now.

Me as well , have new agreement with next payment after project reach first floor , then 7th , 14 th ... 20% of total payment on delivery of unit.
So now they can not expect any money from me but must work on building progress.

this is the last article published on MONDO italian business newspaper about kpm http://www.nuovopolofieramilano.it/rassegna/0/out/20091218/OVB0Q.tif.pdf
it seems there are no bad news

:storm::toilet::runaway:

Emirates Real Estate is a fraudster! customer service of KPM in dubai just confirmed to me that no changes whatsoever have taken place on the design!

We have all the documentation that can confirm the new project and the new design, not only words.
As I said in previous posts and as you can see through this certificate (http://www.emirates-re.it/wp-content/uploads/2009/12/KPM-Certificato.jpg), we are one of the official agency of the KPM.

Also the article of "IL MONDO" posted by Smiigol shows you the new design and confirms our words about the tower.



I think you should be better informed before insult us.

I feel sorry for your investor's who are stuck, and can't get there money back.

No building progress, just a hole in the ground, and that's all except a few empty word's, paper, stamp's, smoke, and mirror's.

Any potential investor should stay clear of this developer.

Like they say, if it looks like a rabbit, hop's like a rabbit, act's like a rabbit, then most likely it's a rabbit.

Just to advise that today had meeting with AlMasah management where they confirm to me that no design change is planed , as per their words all is as per original plan , they promise huge constructions in 2010.

Just to advise that today had meeting with AlMasah management where they confirm to me that no design change is planed , as per their words all is as per original plan , they promise huge constructions in 2010.

If this is true then Emirates Real Estate could potentially be attempting to commit fraud. I have been suspicious of this company on the basis of the use of "Emirates" in the company name. I am sure this would be a protected name in this region.

They have done enough now to be banned on this forum at least.

Up to 20 years jail for financial fraud under Dubai law

Convicts for fraudulent acquisition of public or private funds in Dubai to serve 5-20 years imprisonment

http://gulfnews.com/business/general/dubai-issues-law-to-safeguard-public-and-private-funds-1.559365

If this is true then Emirates Real Estate could potentially be attempting to commit fraud. I have been suspicious of this company on the basis of the use of "Emirates" in the company name. I am sure this would be a protected name in this region.

They have done enough now to be banned on this forum at least.

It's really incredible!
Our nick use the name of our company, an Italian company.
But, yeah, it could be possible that anyone of you cannot belive to our words.
After all we have done very few posts here and our credibility is low.


However you can't deny our official agreement with KPM (i've linked the certificate in the previous post) and that all our words on this tower are confirmed by the article of "Il Mondo" posted by Smiigol!

"Il Mondo" it's a very famous business magazine in Italy, not a gossip one.


It's clear that no one have tried to translate or understand the parties concerning KPM tower.

EDIT: this is the translation of the kpm's part of the article:

"...
Experiencing delays, technical difficulties to start works and architectural problems on the realization, Price Mondadori's family (Katherine with her two sons Francesco and Filippo) took control of the project, taking the place of the original developer, the New World Investment (the same of My Tower, Dolce Vita and Pavarotti Tower).
Negotiations with the Arab-iranian group New World Investment to took the entire tower project has been successful, thanks also to the mediation of Ahmed Al Sharif.
With the cooperation of a group of international investors and a consultant's pool, since last summer Katherine Price Mondadori, that in Dubai provides partly of her profession of interior designer, has freed KPM Tower from all the bureaucracy issues and restored to the project new life.
With the collaboration of Studio Archea owned by the architect Marco casamonti, of Sinergo company owneb by the structural engineer Nicolò De Robertis and of the Vona's building of Frosinone, the KPM have been completely modified.
What born in Dubai will be an extra luxury building, with high environmental tax that in the shape will remember the Flatiron of New York, but in the finiture is a true arabic building with the classical windows without glass (the musharabia) to protect from the sun.
Morover, with equal volumes, units will be 260 and not 360, than bigger than the original project.
...
...the new holder of the project: Marina Exclusive, based in Dubai, of which the lawyer Enrico Todisco Grande (legal of Mondadori's family) is the sole director. The holder explained that in the future the buyers will have two chance: confirm the investment accepting the yearly guaranteed net return of 6% for the first three years (and completing naturally the payment) or to sell the property through the network of intermediaries (60 agencies in Italy specializing in luxury properties) that has already been created under the supervision of Alessandro Quiriconi.
To deal with the sale of the apartments of new KPM Tower (the same Mondadori's family it's going to sell 30 of the 130 homes of its direct ownership) will be the KPM Suisse Immobilière (a newco based in Lugano and controlled by Marina Exclusive) and won't be admitted other intermediaries in addition to the network of the selected agents. The price per square meter vary from 2.500€ to 6.000€.
..."


Please, we invite all to READ this before making other accusations.
I'm sorry if the translation it's imprecise in any part, but i've done it at the moment.
The parts with "..." regards the history of a buyer, on wich it's based the article, then it's not important now.

It's really incredible!
Our nick use the name of our company, an Italian company.
But, yeah, it could be possible that anyone of you cannot belive to our words.
After all we have done very few posts here and our credibility is low.


However you can't deny our official agreement with KPM (i've linked the certificate in the previous post) and that all our words on this tower are confirmed by the article of "Il Mondo" posted by Smiigol!

"Il Mondo" it's a very famous business magazine in Italy, not a gossip one.


It's clear that no one have tried to translate or understand the parties concerning KPM tower.
I'm going to translate it, give me a bit of time...


Hi guys,
I bought two KPM appartments from Almasah Real Estate and already paid 50%. They also lie like a trooper and Emirate Real Estates do it as well. Since 3 years they tell always new stories / excuses just to retard the construction. I read in Marina Map that the project is still on hold, the same like all other projects of the developer. I am very interested and I am wondering about what they have done with our money in the last three years???!!!

It's really incredible!
.....
But, yeah, it could be possible that anyone of you cannot belive to our words.
After all we have done very few posts here and our credibility is low.
.....


However you can't deny our official agreement with KPM (i've linked the certificate in the previous post) and that all our words on this tower are confirmed by the article of "Il Mondo" posted by Smiigol!

"Il Mondo" it's a very famous business magazine in Italy, not a gossip one.



Please, we invite all to READ this before making other accusations.
I'm sorry if the translation it's imprecise in any part, but i've done it at the moment.
The parts with "..." regards the history of a buyer, on wich it's based the article, then it's not important now.

Yes it is Incredible!

You are advertising real estate services on a construction forum, why?

Because you are not a bona fide Real Estate Company! You are not RERA registered, you have no office address in Dubai, you exist only on the internet, you use the name of a blue chip high profile brand "Emirates", you advertise other high profile projects (Infinity Tower et al) on your website to appear to be a bona fide real estate agent in Dubai Marina.

Running an advertising feature in an Italian magazine, generating an image of a certificate on the internet, producing a picture of something that bears no resemblence to the original project, the list of your attempts to delude the public and built credibility are endless.

Stay off this forum!

True Blue your distrust is incredible!
If you search better in our website product database you can see that our company is an agency of Xport Real Estate Broker. Based in Dubai, RERA no. 2171.

We are not advertising, i have ever written that you have to buy or sell from us?

Since we are an official KPM agency we are trying to bring a little of truth about KPM on the web!
I think that it it's a courtesy for all who are interested in this project, or have buyed in it!


Lastly, this is the OFFICIAL WEBSITE (http://www.kpmtower.me/) of the tower.


Now have you other suspects True Blue?
Who is telling the truth from the beginning?

^^^^^ this is really bizarre! everything you say is against the laws of dubai! first, you can't redesign an already sold out development and resell it again without RERA's approval! and you can't market any development, which is what you are doing, without RERA's approval. both you don't have, yet you claim you are legitimate!

btw, here is the real official site of KPM: http://kpmtowerdubai.com/

if the development has been sold (KPM's office here are not aware of such thing), then the new owners would have to go through a lengthy process to get the approval, if ever, to redesign the building and sell it anew!

nothing you say make sense at all!! the new buyer has to be a real moron to attempt such thing, redesign an already sold out development and try to sell it again in this environment where the off-plan market is REALLY DEAD!

True Blue your distrust is incredible!
If you search better in our website product database you can see that our company is an agency of Xport Real Estate Broker. Based in Dubai, RERA no. 2171.

We are not advertising, i have ever written that you have to buy or sell from us?

Since we are an official KPM agency we are trying to bring a little of truth about KPM on the web!
I think that it it's a courtesy for all who are interested in this project, or have buyed in it!


Lastly, this is the OFFICIAL WEBSITE (http://www.kpmtower.me/) of the tower.


Now have you other suspects True Blue?
Who is telling the truth from the beginning?


Hi

How comes that nobody in Almasah property have no any idea about design change. I personaly spoke today with Mr Mazen from this company and he confirm to me that there is no any design change.
I forward him your contact and they will investigate your information regarding this issue.
Also agree that no way that RERA will approve any change for already approved and sold project.
All investors has RERA sertificate for their units .

True Blue your distrust is incredible! Yeah, pretty amazing! Hopefully people will follow my advice and steer clear of you!
If you search better in our website product database you can see that our company is an agency of Xport Real Estate Broker. Based in Dubai, RERA no. 2171. Your company is calling itself Emirates, so you do not have approval to use this protected name or to carry out trade in real estate.
We are not advertising, i have ever written that you have to buy or sell from us? You claim to be the official agents, if buying and selling is not part of this then what does official agency mean in your language.
Since we are an official KPM agency we are trying to bring a little of truth about KPM on the web! Developer has never heard of you so you are bogus!
I think that it it's a courtesy for all who are interested in this project, or have buyed in it! I would call it an unwelcome distraction when this project is already performing poorly.

Lastly, this is the OFFICIAL WEBSITE (http://www.kpmtower.me/) of the tower. No it isn't, it's a bogus website created by you!

Now have you other suspects True Blue?
Who is telling the truth from the beginning? certainly not you!

Why won't you just gracefully go away? You are not an official agent, you have no RERA approval and you have a bogus design. My brother has a license to drive a bus but that does not mean that I am allowed to drive buses.

Everything about you is bogus! You insult people by using Emirates repected brand to try and con people.

funny how your "certificate" site shows an error 404 message,

http://www.emirates-re.it/wp-content/uploads/2009/12/KPM-Certificato.jpg


and ur KPM official site is bogus,

here is the real thing , i hope you get raped by an african guerrilla for your lies u scum bags

http://kpmtowerdubai.com/

funny how your "certificate" site shows an error 404 message,

http://www.emirates-re.it/wp-content/uploads/2009/12/KPM-Certificato.jpg


and ur KPM official site is bogus,

here is the real thing , i hope you get raped by an african guerrilla for your lies u scum bags

http://kpmtowerdubai.com/

Dear all

Good or Bad news , anyhow just got officiall letter from AlMasah where they inform me as investor and confirm all what Emirates Real Estate
wrote to us. New World Investment is not owner of KPM any more and new design is also true.
Hope all investors will rcv same letter soon.

Someone needs to get down to Rera asap with the letter and get the escrow frozen.

How can they install foundations if they have not got a permit for the design? Are they just doing work to satisfy Rera inspectors and submitting an invoice to empty the account:dunno:

Emirates real estate can dissappear just as quickly as they have appeared. Don't pay any more money until Rera tell you, is the best advice I can give.

i also got the same one. it was in my email box this morning.

that still does not make the design change legal, nor would it mean its going to happen. but we are going to have a messy situation here for the next 2-3 years. how are they going to square that the new design has only 261 units when the original design had 360 units which by the way are all sold out!!!

the sale happened on August 9, 2009, which means almasah had to had some knowledge of it, and were lying when they said there were no changes.

i bet you the new owner, KATHERINE PRICE MONDADORI, will have few surprises her way. it seems that she is operating with a mind set of dubai pre-RERA's time. other developers have attempted to pull schemes like this and failed. assuming the design change is legal, and unless they are willing to pay us back our money in full, no changes, architectural or otherwise, will take place unless the owners of the units (who are the real owners of the development) agree to them AND the approval of the authorities in dubai is obtained, a very unlikely event imo.

i am heading to RERA next week.

this is one bizarre episode, who in the world would want to do something like this in this economic environment!!

There is too much distrust in this topic.
We have tried to explain a bit the situation and we have received only accusations.
We are not here to convince anyone, our intent was purely informational.

Dear all

Good or Bad news , anyhow just got officiall letter from AlMasah where they inform me as investor and confirm all what Emirates Real Estate
wrote to us. New World Investment is not owner of KPM any more and new design is also true.
Hope all investors will rcv same letter soon.

Ok, then we are not the only to say this.

In the next weeks/months we are sure that all our words will be confirmed and all doubts will be dispelled. We also hope that when will happens someone will make us an apology.
Only time will give us the response.


PS: the certificate is temporary unavailable, i hope that in few hours it will be visible again.


Good Year to all!

i also got the same one. it was in my email box this morning.

that still does not make the design change legal, nor would it mean its going to happen. but we are going to have a messy situation here for the next 2-3 years. how are they going to square that the new design has only 261 units when the original design had 360 units which by the way are all sold out!!!

the sale happened on August 9, 2009, which means almasah had to had some knowledge of it, and were lying when they said there were no changes.

i bet you the new owner, KATHERINE PRICE MONDADORI, will have few surprises her way. it seems that she is operating with a mind set of dubai pre-RERA's time. other developers have attempted to pull schemes like this and failed. assuming the design change is legal, and unless they are willing to pay us back our money in full, no changes, architectural or otherwise, will take place unless the owners of the units (who are the real owners of the development) agree to them AND the approval of the authorities in dubai is obtained, a very unlikely event imo.

i am heading to RERA next week.

this is one bizarre episode, who in the world would want to do something like this in this economic environment!!

I agre with you but must say that now I belive in Emirates Real Estate info. Of course I would like to get my money back like most of investors but I am not sure that this is poss. At the end think that best solution that someone finish project and give us our units.
What I will insist is new contact person who can give us more info about project future.
I suggest that soemone who is in Dubai contact RERA and inform all investors about their opinion.

Rgds

lets make something clear, what you are doing here is not informational, it is pure marketing for a semi new project. and unless you and the new owner have a RERA approval, you are engaging in an illegal activity.

AGAIN, this development is sold out, there is no way in the world you will get a way with this, a new design with lesser number of apartments. if the new design had the same number of apartments where each unit owner will get an apartment in the new design at the same original price, then it will be a different story. but what your are suggesting is a scheme that an approval for will almost be impossible to get from the authorities without a full refund!

if you and the new design are legitimate, you would have an approval from RERA to show us by now!! but clearly, you don't have that, and my guess is that you will never get it!

There is too much distrust in this topic.
We have tried to explain a bit the situation and we have received only accusations.
We are not here to convince anyone, our intent was purely informational.



Ok, then we are not the only to say this.

In the next weeks/months we are sure that all our words will be confirmed and all doubts will be dispelled. We also hope that when will happens someone will make us an apology.
Only time will give us the response.


PS: the certificate is temporary unavailable, i hope that in few hours it will be visible again.


Good Year to all!

I supose that KPM is nor 100% sold out or have many investors with 10% downpayment only. I paid over 50% but have some friend who paid 10-20% , think that new owner will keep units for investors with over 50% payment. This is just my opinion . Anyway should wait mid jan to see their proposal.

^^^^ this development IS sold out!!! almasah was trying to do property swaps for investors in different projects and KPM, if i am not mistaken, was not an option where you can swap apartments in. they said at the time it is sold out!

ok, new or old design who cares if the project is still in stand by and not in progress. The only thing that investors should worried is what about the escrow accounts. Are those money actually in the bank account or in someones pocket?

^^^^ this development IS sold out!!! almasah was trying to do property swaps for investors in different projects and KPM, if i am not mistaken, was not an option where you can swap apartments in. they said at the time it is sold out!
:ohno:
Some of you still have not understood how business worked in Dubai. A developer sells 30-50% of the property then says it's sold out to keep the moral and the trust in the investment high. A few months after, voila', an arabic act of magic, new units apper on the market, obviously at higher prices. Changing design, resizing units is also nothing new in Dubai's market.
In a time of crisis resizing into bigger units is protecting the developer, whereas in a booming market, the resizing is into smaller and therefore gaining new units is also extra money for the developer. This is only possible in an immature market as Dubai, where thieves seem to decide the rules. This is a fact, which can be found and read and many open cases, and no protest at Rera or any office in Dubai is going to change this mismanagment.

Have fun when you drop the soap in jail :lol:

dear noir-dresses, in this forum there are persons who try to have news or discuss ,even with different ideas and points of vew, about their investments in kpm tower,everyone is worried because of the not clear situation,and your infantile design and stupid words about the soap and the jail have no respect of these persons worried for their money thank you very much and excuse me for my bad english language

Anyone has update photos from KPM plot , I am not sure if KPM web page will be update with new photos since we rcvd info about new web link.

I was last week there, it is nothing happend, it was only a hole, as befor ( 10 months)
They think " we are stupid "

dear noir-dresses, in this forum there are persons who try to have news or discuss ,even with different ideas and points of vew, about their investments in kpm tower,everyone is worried because of the not clear situation,and your infantile design and stupid words about the soap and the jail have no respect of these persons worried for their money thank you very much and excuse me for my bad english language

I can't stand these kind's of developer's, no disrespect for the investor's, I feel for you all, and I hope thing's work out for the best in the end. :)

I can't stand these kind's of developer's, no disrespect for the investor's, I feel for you all, and I hope thing's work out for the best in the end. :)

no problem i misunderstood your thoughts:)

There is no photos from plot as usual on KPM web , do you have some update photos from there.
Anyone who is in position to make photos and publish here pls.

^^^^ there are photos dated 26/12/09 on the original site.

here: http://kpmtowerdubai.com/site-261209.html

Yes but usualy every sunday photos are update , not yesterday.

Now that I am Dubai the person who's runing Al Masha, Mr Taleb, insure me that the project will continue after one month. They stop, he said, cause propably Mrs Mondadori wants to buy all this project. At this time I dont know what else to think.

Now that I am Dubai the person who's runing Al Masha, Mr Taleb, insure me that the project will continue after one month. They stop, he said, cause propably Mrs Mondadori wants to buy all this project. At this time I dont know what else to think.

Hi everybody,
not believe Mr.Talebi.Since three years he has always a new excuse for
delay. They make a dirty game with us," that is fact"!!!!!!!

Hi everybody,
not believe Mr.Talebi.Since three years he has always a new excuse for
delay. They make a dirty game with us," that is fact"!!!!!!!

I think you are right. Cause all the times I ve been in his office something new he finds to tell us. But from the other hand he is the only one that you can contact. Mr Safari he is always out of the country. What a mess!!! Nobody can really inform us...

Hi

Do you have any news about KPM progress .

[QUOTE=EMIRATES BEG;49587363]Hi

Do you have any news about KPM progress .[/


on friday my agent (who is a owner of two flats in kpm) goes to lugano to speak with the administrator of kpm suisse immobiliare to discuss the situation and on sunday starts for dubai untill 16 of january so i hope to have realistc picture of the situation in a few days

i was at RERA today and they said what they have in the system is the original design and escrow money will only be released toward that design!!

[QUOTE=EMIRATES BEG;49587363]Hi

Do you have any news about KPM progress .[/


on friday my agent (who is a owner of two flats in kpm) goes to lugano to speak with the administrator of kpm suisse immobiliare to discuss the situation and on sunday starts for dubai untill 16 of january so i hope to have realistc picture of the situation in a few days

Hi any news

Hi all

just to know that today you can find many photos on kpm tower web site but I think that photos are 99% from plot near KPM ( Dream Tower). Can anyone in DXB go and check if any works on the KPM plot.

Thanks for the pics!

First pic is the Dream Tower site , they are working , workers there.

http://www.skyscrapercity.com/showthread.php?t=898474


Second pic is the KPM Tower site and looks dead.

Hi Imre

Can you publish some update real photos from KPM plot , to see if any works there.

On Emiratescity.org forum, someone sends out PMs to everyone proposing them a swap from Emirates City to this developer, claiming their projects ( Al Masah) are well under way. I don't quite get it why someone would use the money invested in a project in EC, add on quite a bit of extra cash (EC being much cheaper than Dubai Marina) and swap to a project in DM which has been delayed for ever. On the other hand: what interest would Al Masah have by acquiring delayed projects in Ajman, where their own Dubai projects are all delayed?

Hi guys,
Buj dubai was built within five years, Kpm needet for a smoll hole abaut one year!!!!!
They work in the tortoise tempo!!!!
They are trying to keep un calm with the wrong photos, that we do not take steps against them.

I called today Al Masah and asked them if those photos are form KPM plot , they confirm to me that photos are 100% from KPM plot and that work progress is on time.
Another think confused me , even I rcvd letter from new owner of KPM , today Al Masah staff told me that this is not in place any more and that they are again KPM owners.
Deff do not know what to think ?

Dear all

Pls note reply from Al Masah regarding ownership of project.


" Dear Mr.
I am aware of this information that has been circulating in recent days.
We have just drafted a clarification and will be mailed to all clients shortly.


Best regards,

Mazen "

HAHAHA those photos are from Dream Tower. What an idiots.... They think that we are so much... But for the story Mrs Mondadori wants to buy the project. She already bought 22 floors. And the design, they want to change it in something very ugly. From the other hand, Al Masha insure us that Mrs Mondadori wants indeed to buy the project but they didn't give any penny until this time. WHAT A MESS....

On Emiratescity.org forum, someone sends out PMs to everyone proposing them a swap from Emirates City to this developer, claiming their projects ( Al Masah) are well under way. I don't quite get it why someone would use the money invested in a project in EC, add on quite a bit of extra cash (EC being much cheaper than Dubai Marina) and swap to a project in DM which has been delayed for ever. On the other hand: what interest would Al Masah have by acquiring delayed projects in Ajman, where their own Dubai projects are all delayed?

It's quite easy to explain, let's say it's another fraud practice on this market. It's only a way to collect fresh cash, overpricing the property in dubai marina to cover most of the loss in Ajman or wherever.

Hi guys,
I upgrade the situation with the newsletter that KPM staff sent to us today.
Following, the two links to the PDF:

Newsletter presentation (http://www.emirates-re.it/wp-content/uploads/2009/12/KPM-News-letter-1.pdf)

First bi-weekly newsletter (http://www.emirates-re.it/wp-content/uploads/2009/12/20091231-DJ0024-BiWeekly-Report-3-.pdf)

^^So what this all says is that the original project has been cancelled, the original design team have been sacked, paid or unpaid, and the piling works carried out to date are now subject to complete redesign. Also Zetas have not been paid for any of the work they have done. So the only thing remaining now is a complete refund to all investors of the previous project!!!!

BTW, for those who trust my judgement, I have read through the Project managers report and it basically states that with the compilation of all the new contract documents, approvals etc there will not be any construction on this project this year! This could run for another 3-4 years.:runaway:

Oh........... that newsletter is just hysterical!

They have received an offer from an important local company, upon completion to rent a part or the entire tower for three years with advanced payment. This would yield 5% return on their investments.

Who in their right mind could possibly believe such garbage! In fact who could even write it?!

Katherine Price Mondadori should be writing scripts for 'sit-com's!

I'm quite new to this thread, but I can see that its going to keep me very amused for some time yet.

Katherine.................more..........please

There are very fresh news about the diatribe between New World Investment and the new owners of KPM.

New World Investment has sent an announcement which says that Mr. Todisco Grande isn't the owner of Marina Exclusive because his checks were rejected.
New World is pursuing Mr. Todisco on all legal grounds available in Dubai and encourage all the customers to avoid making payments or have contacts with Mr. Todisco and wait from istructions from RERA.

This is apsolutelly confusion . Does anyone consult lawyers in Dubai about investor rights and refund request.

There are very fresh news about the diatribe between New World Investment and the new owners of KPM.
Following the link to read the announcement that New World Investment has just sent:

PDF Announcement (http://www.emirates-re.it/wp-content/uploads/2009/12/Urgent__Notice.pdf)

You coudn't make this stuff up!

Very good of you to post the announcement as it seems to suggest that my advice was valid and that the change of design is in fact illegal. The change of ownership is also in dispute. Good news that they are stating not to pay any more money and await Rera decision.

I pity the people who have been caught up in all of this and wish the very best for you all.

You coudn't make this stuff up!

You're right, i'll make a resume and i'll remove the pdf. ;)
Please, remove the link from your quote.


Very good of you to post the announcement as it seems to suggest that my advice was valid and that the change of design is in fact illegal. The change of ownership is also in dispute. Good news that they are stating not to pay any more money and await Rera decision.

I pity the people who have been caught up in all of this and wish the very best for you all.

Up to now we can't judge no one..
With this announcement the matter moves to the legal and then it's better to wait the evolution of the things.

We, as intermediaries, are only privileged spectators.
However if there will be news we will inform all as soon as it's possible.

can confirm this letter. received the same thing via email yesterday!

"New Owner" with bounced checks right off the bat, and soon to be imprisoned! talking about credibility. God saves us from them. they sure are going to mess this project and might delay it indefinitely if no action is taken.

glad al-masah, who are a bunch of liars too when they denied any changes in the design and ownership are forthcoming even though they fully new about them, is on it now and have reported them to the authorities!!

can confirm this letter. received the same thing via email yesterday!

"New Owner" with bounced checks right off the bat, and soon to be imprisoned! talking about credibility. God saves us from them. they sure are going to mess this project and might delay it indefinitely if no action is taken.

glad al-masah, who are a bunch of liars too when they denied any changes in the design and ownership are forthcoming even though they fully new about them, is on it now and have reported them to the authorities!!

I think there is the other side of the story to be heard. You should look at the facts and not on what is told or written. Facts are that this tower, like many others, is not coming out of the ground. And this since, I think 3 years. So the money was spent to launch other projects which are not even approved. Some of the money went in their pockets, some went into escrow (peanuts). No the crisis has been well exploited from most of developers to keep illegaly other peoples money, and you know what. You will never see that money again.

^^

This is the point , almost 4 years left and still just hole.

Hi anyone has fresh info about project or photos . I have info that today was around 15 workers on the plot but no idea what they work.

i was there a couple of days ago and there was some excavation work going on!!

Few days ago the Emirates media have written about a new law that allows to delete the contracts
if the developer makes substantial changes to the project. (business 24|7 article (http://www.business24-7.ae/Articles/2010/1/Pages/24012010/01252010_7c4b5d4708cd466b9fe2960e601edee7.aspx))

Will be interesting to see what happens to events such as the KPM if this law is approved.



Moreover, the Milan court last week decreed that Katherine Price must remove the surname of her famous husband "Mondadori" from the tower.
Then it's possible that it's name will be "KP Tower".

Few days ago the Emirates media have written about a new law that allows to delete the contracts
if the developer makes substantial changes to the project. (business 24|7 article (http://www.business24-7.ae/Articles/2010/1/Pages/24012010/01252010_7c4b5d4708cd466b9fe2960e601edee7.aspx))


Will be interesting to see what happens to events such as the KPM if this law is approved.



Moreover, the Milan court last week decreed that Katherine Price must remove the surname of her famous husband "Mondadori" from the tower. Then it's possible that it's name will be "KP Tower".

^^KP is a famous brand of NUTS.!

Wasn't her famous husband called "Andre"? Where did the Mondadori come from, or I'm I getting my Katie Prices mixed up again.:lol:

Bad news , my friend today was on the plot but ZETAS move their maschines , as per infor from one of security on the plot reason is stop of work.
Anyone has some more info ?

I was hoping we would have another bi-weekly newsletter by now, the last one was dated December 31st. Or at least some more comments from Emirates Real Estate, I need a good laugh.

I was hoping we would have another bi-weekly newsletter by now, the last one was dated December 31st. Or at least some more comments from Emirates Real Estate, I need a good laugh.


Hi Podium,
as I said many times we are only real estate brokers and in the lasts pages we have tried to explain better the confused situation around KPM.


EDIT:
recently Mr. Todiscco Grande has done many posts in the italian forum Dubaimania explaining the situation by his point of view of course.
This is the link to his topic on KPM (of course is all in italian...try to comprehend using a translator): http://www.dubaimania.net/read.php?2,12400

In particular he has attached a document (authenticated by the JAFZA authority) where is told that Mr. Todisco is the new only owner of Marina Exclusive.
(click to see the document (http://www.dubaimania.net/file.php?2,file=591,filename=All_D.jpg))

Hi Everyone
All the investors of KPM Tower in Dubai Marina will have a meeting in Saturday 13/02/2010 in MoE (Mall of Emirates) at 7.00 pm. All the results from this meeting I ll post them in this blog. If anyone lives in Dubai this time, must be there. We need to find out what the truth is.

clearly, your interest lies with Mr. Todisco.

Mr. Todisco gained that document by issuing checks he could not honor!

The courts will easily invalidate this document, if it did really give Mr. Todisco ownership rights to Marina Exclusive; and, further, will put him in jail for bounced checks.

where is Mr. Todisco, why is he not in dubai if he really owns Marina Exclusive!!



In particular he has attached a document (authenticated by the JAFZA authority) where is told that Mr. Todisco is the new only owner of Marina Exclusive.
(click to see the document (http://www.dubaimania.net/file.php?2,file=591,filename=All_D.jpg))

Hi Everyone
All the investors of KPM Tower in Dubai Marina will have a meeting in Saturday 13/02/2010 in MoE (Mall of Emirates) at 7.00 pm. All the results from this meeting I ll post them in this blog. If anyone lives in Dubai this time, must be there. We need to find out what the truth is.

Hi, where? in Mall of Emirates? I will come to meeting. We have to do
something together against the cheat.

Hi, where? in Mall of Emirates? I will come to meeting. We have to do
something together against the cheat.

Of course you must come. And if you know anybody else who has a unit in KPM tower you should tell him also not to lose this meeting. For all the others that they live outside of Dubai, whatever is discussed will announced in the time after the meeting.

Due to short notice I am not in position to come but freind of mine will be threre and respresent his and my interes.

Just as info that yesterday spoke with Almasah and thet they offer me to change KPM contract for some other property in marina but after their offical offer I found out that thay are very tricky company. Offer was 1500 Aed per Sf and original developer offered same apt for 1200 Aed ?

Of course you must come. And if you know anybody else who has a unit in KPM tower you should tell him also not to lose this meeting. For all the others that they live outside of Dubai, whatever is discussed will announced in the time after the meeting.

Hi,
The Mall of emirates is quite big, i would like to know where exactly in MOE?
Please let me know.

Hi,
The Mall of emirates is quite big, i would like to know where exactly in MOE?
Please let me know.

who wants to know the truth and the results of KPM action meeting can contact with me in lazmic@hotmail.com

who wants to know the truth and the results of KPM action meeting can contact with me in lazmic@hotmail.com

Hi Lazmic,
unfortunately, i could not come to meetin, because i live in foreigen
country.I have bought 2 apartments in KPM and already paid 50%.
As far as i know, this comany is dishonest!!!!
Please informe me abaut the meeting.I need suggestion what i can
do?!
Thank you very much
melj

Hi Lazmic,
unfortunately, i could not come to meetin, because i live in foreigen
country.I have bought 2 apartments in KPM and already paid 50%.
As far as i know, this comany is dishonest!!!!
Please informe me abaut the meeting.I need suggestion what i can
do?!
Thank you very much
melj

Hi meljia
I think that both sides play with our monies. They think that we invest to them like we didn't have any others choices to spend our valuable saves. All this situation make us angry.Additional, I can not speak for dishonest if I can not prove it. If they can not make the project they have to let us know and give us money back. As the dubai law fixed.

Hi meljia
I think that both sides play with our monies. They think that we invest to them like we didn't have any others choices to spend our valuable saves. All this situation make us angry.Additional, I can not speak for dishonest if I can not prove it. If they can not make the project they have to let us know and give us money back. As the dubai law fixed.

Hi Lazmic,
did you receive my e-mail?

Hi Lazmic,
did you receive my e-mail?

yes I do, also I passed your e-mail adress to the KPM action for your better information

Has anyone heard something new???!!!!

No news , actually I rcvd call from new owner with request to forward all my payments info to them. I did not accept because as per my info they are still not final owner and expetation are that AlMasah will keep this property.

No news , actually I rcvd call from new owner with request to forward all my payments info to them. I did not accept because as per my info they are still not final owner and expetation are that AlMasah will keep this property.

I will be in Dubai in 10 days. I am going to talk to Almasah and a Lawyer.
I will inform you. I hope, we can get back our money??!!!

16/April/2010

KPM Tower, new board

http://i42.tinypic.com/i3savq.jpg

http://i40.tinypic.com/8vyycz.jpg

Looks a lot better than the original

Official Website: http://www.kpmtowerdubai.com/

VERY big problem!

http://img25.imageshack.us/img25/6584/katherinepricemondadori.jpg (http://img25.imageshack.us/i/katherinepricemondadori.jpg/)

Uploaded with ImageShack.us (http://imageshack.us)

^^Looks like the dewatering company have not been paid so the pumps are OFF!!

Again it could be just a breakdown of the equipment, certainly not an Infinity type incident.

Just short note that two days ago new sign with new design of KPM appear on the plot.

They changed the board ,it is totally different design now.

4-5 years gone and still just hole, maybe they can finish this project in the next 20-30 years?:)

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/569_105.jpg

as predicted here before, heard that al-masah won their case against katherine and her italian man Enrico a week or so ago, and now al-masah is back in full control of the project.

anyone has any information about this!!

04/February/2011

KPM and Dream Tower plots, nothing here..

http://i52.tinypic.com/33k6lvd.jpg

http://i55.tinypic.com/j756jb.jpg

February 28, 2011


Dear Investors,

It has been a while since our last Newsletter and hereby I wish to provide you with a summary of the salient points:

1) During the past months, the project was visited by third party engineers, Screampoint, appointed by RERA, who have issued a report on the progress made at site of KPM Tower. We attach a copy for your reference. The report provides status of schedule and the inspection photos.

2) I am happy to inform you that Messrs. Zetas Zemin Teknolojisi are back at site and that works have re-started also with the collaboration of our local consultants, Messrs. National Engineering Bureau.
The works at site were unfortunately put on hold for some time between November 2010 and January 2011 due to various construction and statutory approval related reasons. The escrow account was blocked until Marina Exclusive Limited would submit the RERA RT 02 and RERA RT 04 forms. This was not an easy task given the circumstances and history of Marina Exclusive and the change of ownership of the company with all its intricate issues , but we have managed to overcome this as well and works are going ahead.

3) In the meantime we have also received feedback from most of you who have expressed their preference of the old design over the new design that was proposed by our Italian architects over 2009-2010 period. This is why the old design is implemented to satisfy your first choice without any additional costs. We are confident that this decision shall be welcomed by you all.

4) The local market prices of construction and construction materials for the time being are lower than the past year. This fact in addition to the assistance and support of those whom I represent helps the completion of the tower with no further delay.

5) Attached please find for your reference and review the schedule outline of the construction provided to us by the main contractor with floor to floor project timeline.

If you have any questions that are not answered herein, please do not hesitate to drop me an email to etg@etg.me and I shall be more than happy to provide you with the information you need.

I thank you for your attention and remain yours sincerely,

Enrico Todisco Grande
Director

This project is a circus and a complete farse!

There has been 3 different project sign boards erected now with completely different designs shown on them, not just modified, I mean completely unrecognisable from the original sales literature render. Why do they allow this?

Can you imagine ordering a new car from the brochure as the new model has not come off the production line yet and when you get the call from the showroom to say it's ready you find out it's a SUV and not the coupé cabriolet you ordered from the brochure? Complete farse!

11/March/2011

KPM Tower , board, new design:)

http://i54.tinypic.com/2lvlr8x.jpg

http://i54.tinypic.com/vscpc0.jpg

This is NOT a design, this is architect's puke! :ohno:

I absolutely like the unique look. Come on, not every tower has to look like another Trident. The original design was nice, but this one definitly stands out more.

Regarding reflecting sunlight, aren't there several towers in Business Bay with tons of glass facade? I'm confused.

This is NOT a design, this is architect's puke! :ohno:

This is the 3rd desing , almost 5 years gone and still just a hole there.

I absolutely like the unique look. Come on, not every tower has to look like another Trident. The original design was nice, but this one definitly stands out more.

Regarding reflecting sunlight, aren't there several towers in Business Bay with tons of glass facade? I'm confused.

I'm not even going to give the design a comment because this is a total scam. Yet another unbuildable design put forward to play for time and frustrate buyers. TOTAL SCAM!!

Anyone know if the architect is linked to the developer? Looks to me that they could be emptying the escrow account by design fees. Invoice stamped by crooked developer passed by Emaar as it is for design consultants fees and not phoney marketing. Architect cashes the cheques and passes a share to crooked developer until the bank runs dry then silence!

If this is not a scam, I'm a brain surgeon. Anyone got a sore head they want me to look at?:lol:

If this is not a scam, I'm a brain surgeon. Anyone got a sore head they want me to look at?:lol:

I saw article from an Italian newspaper, many superstars invested here even for 10,000-18.000 EUROS per sqm :)

I saw article from an Italian newspaper, many superstars invested here even for 10,000-18.000 EUROS per sqm :)

Superstars tend not to be the brightest people on the planet. Probably explains why I was never that good at football:)

was at the site a couple of days ago. it was partially buried!

was onsite yesterday, the plot is being used now as a storage place for the construction of the next door tower, dream tower which is back on track.

kpm is dead.

21/January/2012

KPM Tower

http://i41.tinypic.com/rvcy9w.jpg

http://i41.tinypic.com/2l9jcqx.jpg

12-feb

it looks like the KPM Tower plot (on top) is used as storage space for the DREAM TOWER.

http://i900.photobucket.com/albums/ac210/PrincessTower/xIMG_0204.jpg

New board and design again but too late , already covered by sand , game over :)

12/October/2012

KPM Tower

http://i45.tinypic.com/14k9tlc.jpg

http://i48.tinypic.com/15632hh.jpg

http://i46.tinypic.com/54f23l.jpg

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

http://i49.tinypic.com/30aqn1f.jpg

Probably they were right in 2007, last project in Duai Maina :)

Just have a look this scam timeline :lol:

2007

http://i8.tinypic.com/6cgtrvo.jpg


24/October/2007

KPM Tower

http://img86.imageshack.us/img86/2039/imresolt082mu6.jpg (http://imageshack.us)




2009

First of all the Emirates Real Estate is an agent, then all this critical can't be reported to us.
I write here to inform this community with the news that we can know directly from the developer and obviously to give a reference to those who want info.


For us it is all perfectly in order, because the developer is always Exclusive Limited Marina (registered to the RERA etc..)
It's not good this cosmic pessimism towards this "new management" that, in my opinion, is just trying to bring added value to this project and, above all, complete it!

Let them work! I hope that soon we can see something concrete.


This is the new project design:
http://i47.tinypic.com/2vxklrp.jpg



2010

16/April/2010

KPM Tower, new board

http://i42.tinypic.com/i3savq.jpg

http://i40.tinypic.com/8vyycz.jpg



2011

11/March/2011

KPM Tower , board, new design:)

http://i54.tinypic.com/2lvlr8x.jpg

http://i54.tinypic.com/vscpc0.jpg



2012


New board and design again but too late , already covered by sand , game over :)

12/October/2012

KPM Tower


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

http://i49.tinypic.com/30aqn1f.jpg