Project: 29 Burj Dubai Boulevard
Floor Count: 45 + 45
Type: Residential
Developer: Emaar
Status: Approved
Construction Start: ?
Construction End: ?


http://www.ameinfo.com/images/news/1/41631-emaar.jpg

Emaar launches first phase of 29 Burj Dubai Blvd residences


Emaar Properties has launched the first phase of 29 Burj Dubai Blvd, a residential project within Downtown Burj Dubai.


http://www.ameinfo.com/images/news/1/41631-emaar.jpg
Artist rendering of 29 Burj Dubai Blvd.


Emaar is opening for sale studios and one- and two-bedroom apartments in Tower 1, a 44-storey structure, located on the Burj Dubai Boulevard. Several financial institutions are offering easy home finance options to own homes in one of Dubai's most architecturally appealing projects, designed by renowned New York architects, Frank Williams & Partners.

Billed to a stylish residential address in Dubai, 29 Burj Dubai Blvd offers luxurious podium level amenities, basement car parking and an unparalleled lifestyle within a bustling boulevard. Lively and energetic outdoors complement the relaxing ambience of the homes making 29 Burj Dubai Blvd the must-buy for trend-setters.

'29 Burj Dubai Blvd is an architectural marvel and a celebration of modern urban lifestyles. It will be a stylish retreat that appeals to those who seek exclusivity for their homes,' said Mr Saif Al Mansoori, Sales Director, Emaar Properties.

'The project's architect, Frank Williams brings in an unparalleled living experience with a cascading structure that highlights the richness of light and volume. The unmistakable retro-New York look is given a distinct identity through Arab-style decorative grills, panels and motifs.'

He added: 'In addition to the design elegance, residents can look forward to a rich shopping experience with the ground floor space dedicated to the world's famous brands. Though located on the Burj Dubai Boulevard, which will be lined with several retail stores, food and beverage outlets and entertainment options, the residential towers are conveniently tucked back to lend a peaceful living environment.'

The tower's double-storey reception is fashioned after New York high-rises, and a frontal podium will feature a health club, roof garden and swimming pool. Other amenities include multi-purpose room, children's wading pool, kids' play area, resort-style pool deck, underground parking, and 24-hour security and maintenance support.

The homes sport double-glazed windows for privacy and comfort, tiled floor finishes, stone counter tops and designer cabinetry. High ceilings exude an atmosphere of cool spaciousness. The rooms are equipped with hi-speed internet connectivity and advanced telecom and entertainment networks.

The AED 73 billion (US$20 billion) Downtown Burj Dubai is the flagship mega project of Emaar Properties encompassing residential, commercial, hospitality and leisure components set around an expansive lake and a boulevard. Several residences have been handed over to residents and two hotels have started functioning within the master-development.

Finally some new towers for the Burj Dubai Complex are coming out!! :okay: Nice fillers.

:cheers: another one by the same architects !

http://www.archfwa.com/default.aspx?page=5&type=99&project=551&set=1&focus=0&link=1

http://img153.imageshack.us/img153/8834/dubai01ug6.jpg (http://imageshack.us)

This dramatic 70-story Residential Tower for Dubai has a Hotel with Residences above and is surround by a cluster of Low Rise office building and retail at the grade level.

Clearly the prototype of Rockefeller Center in New York has been influential in the architectural design of this complex. This 70-story Tower and its base complex will be built entirely out of glass. This particular glass color is very important, in that it is exactly the color of the blue-green water in the Persian Gulf. Hopefully this reference of color will truly place this complex in Dubai.

Parking is organized below grade and the Hotel Lobby and Residential lobby have separate entrances.

http://img504.imageshack.us/img504/7118/02c3yj20window20lightgy3.jpg (http://imageshack.us)

http://img515.imageshack.us/img515/5295/emaar01di9.jpg (http://imageshack.us)

:omg:

"70-story Residential Tower"

That's awesome!!!!!! Looks like over 300 meters

li think this might be located close to the Millenium tower

good design, reminds me of marina phase 1

li think this might be located close to the Millenium tower

Based on the surounding road infrastructure, the 70F towers looks more to be located within the BD Downtown area.

good design, reminds me of marina phase 1

I agree, it seams to have potentials, however this is a kind of design that is hard to judge from renders and models; only the end product will really show it and if the attention to the details was great, so will be the tower as well. :cheers:

This dramatic 70-story Residential Tower for Dubai has a Hotel with Residences above and is surround by a cluster of Low Rise office building and retail at the grade level.

Clearly the prototype of Rockefeller Center in New York has been influential in the architectural design of this complex. This 70-story Tower and its base complex will be built entirely out of glass. This particular glass color is very important, in that it is exactly the color of the blue-green water in the Persian Gulf. Hopefully this reference of color will truly place this complex in Dubai.

Parking is organized below grade and the Hotel Lobby and Residential lobby have separate entrances.

with the spire i would say this one has definitely the chance to reach the mark of 300m

where is the 70 floors figure coming from again? these are 45 floor twins... and the 70 floor tower is a proposal/concept!

http://i13.tinypic.com/4pd07ch.jpg

http://img153.imageshack.us/img153/8834/dubai01ug6.jpg

where is this one taken from?

same design, might be launched soon too, also those two towers to the right of 29 BDB.

i think those are located on the row of towers bordering BB behind the residences.

Published: 13/06/2007 12:00 AM (UAE)

Emaar launches new project
Staff Report



Emaar Properties has launched the first phase of a residential project in the Dh73 billion Downtown Burj Dubai.

The company is opening sales today at Tower 1 - one of two towers in the 29 Burj Dubai Boulevard residential development.


--------------------------------------------------------------------------------

dubaiflo, it is from the website of the architect of 29 Burj Dubai Blvd

Should there not be a seperate thread for the 70 floor tower.

Anyway i really like both the twins in the render, wonder about the finnished product though.

nice towers
added to emporis

Just wondering, are those two smaller towers next to it part of this as well?

Here you go:

- The red circle show the 29 BD Boulvard towers, and you can see next to them also the two small ones. The location is behind the Residences

- The red arrow points to what might be that 70 floors tall tower from the same architects.


http://i15.tinypic.com/4ti2n2h.jpg

same design, might be launched soon too, also those two towers to the right of 29 BDB.

Just wondering, are those two smaller towers next to it part of this as well?

The red circle show the 29 BD Boulvard towers, and you can see next to them also the two small ones. The location is behind the Residences


Goodness, did everyone miss the obvious or am I imagining stuff.. the "two smaller towers" are Boulevard Central!

^^ Yeah I also thought they are the small towers we have a thread for (didn't remember their name though)

http://www.buenck.fehse.com/projects/residential/files/page9-1017-full.jpg

from: www.buenck.fehse.com

Ground work

http://aycu27.webshots.com/image/49626/2004398688395769646_rs.jpg

the location which marked for Central 1 and 2 not 29 Blvd
right side that will be 29 Blvd

Anyone know how tall the podium is? At what floor height will one be ABOVE the podium?

Has construction started here? Can anyone posts some recent pics? Thanks.

Ground work

http://aycu27.webshots.com/image/49626/2004398688395769646_rs.jpg

Where is the exact location?? Can anyone mark??

If I'm not mistaken, the site for Boulevard Central will be the one just behind the residences, with the red cranes, and these will go on the site just below it, the one with some yellow machinery.

Thanks for the pic, but its a really old one. Does anyone have a new pic of the site?

Studio prices have shot up to over 2.2M! With little or no construction in this project so far, I wonder whats going on?

http://i38.tinypic.com/qoawp2.jpg

Thanks for the pic. Keep us posted.

Difficult to see in the night, but its good to see that work is going on even in Ramadan. Hopefully, things will pick up after Eid. :)

Sorry, Old Town Resident, pics not of 29 BURJ DUBAI BOULEVARD, it's the two smaller tower's getting built next to it. 29 BURJ DUBAI BOULEVARD are just finishing ground work now.

I thought the smaller height towers (Boulevard Central) were to the right (looking to Residences) of this structure, with podium level now reaching ground level?

No! This is Central! 29 has not yet left the ground.

Thanks got it now

Thanks got it now

Can you post Central day time picture in the Central forum?

I wonder if the completion of Central will be 2009 or 2010?

Thanks

Will do

http://i38.tinypic.com/9fnpfk.jpg
http://i37.tinypic.com/90sydd.jpg
http://i35.tinypic.com/o8t0mw.jpg

Any progress here? I was hoping to see groundwork finished and construction started.

Some pics would be appreciated. Thanks.

hi, if they are still on the ground work..how does 29 blvd expect to be completed by march 2010?

can anyone give me a recent update on 29?...:nuts:

Since there is hardly any progress in this development and considering the economic conditions of EMAAR, i wonder if this project will be cancelled? :ohno:

Cancelled? Why would it be cancelled? Just a few posts up, you can see that work is going on. Only projects that are likely to be cancelled are the far-fetched ones and that one's that haven't even started yet.

I think they will not cancell any projects in the Burj Dubai Downtown.

Hi, Any more pictures of the work site?

Hi there, Would the construction progress of 29 Burj Dubai Blvd be monitored by RERA?

"Head of Trust Accounts, Essa Saeed Ahmed Al Mansoori at RERA's Real Estate Development Trust Account Department said that an 11-member team will monitor the construction process and ensure that the escrow amounts are collected in accordance with the schedule."

Hi there, Would the construction progress of 29 Burj Dubai Blvd be monitored by RERA?

"Head of Trust Accounts, Essa Saeed Ahmed Al Mansoori at RERA's Real Estate Development Trust Account Department said that an 11-member team will monitor the construction process and ensure that the escrow amounts are collected in accordance with the schedule."


Hi Everybody, anybody knows why Emaar projects in downtown area are not shown in Rera website? when asked an Emaar customer service , she simply said "I've no idea about that"! is there any exeptions of Emaar projects? I believe the big three should initiate the process of regulation with Rera to be sound examples for smaller developers...am I missing some point on this, please clarify..

I asked the Emaar accounts department for their escrow account details, but they said that they dont have any. Apparently, Emaar doesnt seem to be under the escrow law. :bash:

^^

Really disappointing. The government should concentrate more on that specially with Emaar agents being somehow rude towards investors these days.:ohno:

^^

Really disappointing. The government should concentrate more on that specially with Emaar agents being somehow rude towards investors these days.:ohno:

Maybe you just got unlucky... Emaar has always provided me with great service and their phone agents are pretty helpful... Trust me, I call alot... I had three issues with my apartment, when I called, I had three call backs the same day with personnel ready to come over immediately to resolve the issue.

But for some reason, I have not yet had to register my apartment with the Lands Department as I guess Emaar themselves have not registered the building...

Any light that can be shed on this issue would be greatly appreciated...

Maybe you just got unlucky... Emaar has always provided me with great service and their phone agents are pretty helpful... Trust me, I call alot... I had three issues with my apartment, when I called, I had three call backs the same day with personnel ready to come over immediately to resolve the issue.

But for some reason, I have not yet had to register my apartment with the Lands Department as I guess Emaar themselves have not registered the building...

Any light that can be shed on this issue would be greatly appreciated...


Maybe in my case the agent was somehow tired or at the adge of layoffs!!! who knows... Not a serious issue ,but one thing i beleive for sure is that they're not well informed by the management as i couldn't have proper answers to my questions regarding Rera and Emaar registration. Agents don't know themselves. Any clarification is highly appreciated...

Hi there, Has anyone tried to call RERA to inquire why Emaar is not registered? If all three big developers have not done so, may be more time is given due to the volume!

You can barely see this here, just right of the millenium tower

http://img184.imageshack.us/img184/9752/41595965er1.jpg

Thanks, Looks like work is progressing!

hi there..does anyone have any recent upto date pictures of 29 blvd?? blvd central looks well underway; but 29 doesnt seem to have even started on its 1st floor? and lastly why did they dig so deep underground..?

^^ That picture IS recent. Good work is being done but you need to have patience with the foundation work, it always takes time.
They probably dug so much for basement levels I think,.

thx malec; last question the expected completion date on my contract for 29 is listed as march 2010; say 6 months delay; do you think it will be ready then by september 2010?

I wouldn't count on it. More like Q1 2011. But then again anything is possible in Dubai.

I like to sell a unit at Emaar OP, I purchased it on premium but I need cash quick. If anybody can help, pm me please.

thanks

On second thought, if Emaar link payment to construction then I don't need to sell. I doubt Emaar will do that.

We should all write to Emaar demanding that they link payment to construction as per RERA policies. If we act together, we may be able to get them to agree.

We should all write to Emaar demanding that they link payment to construction as per RERA policies. If we act together, we may be able to get them to agree.
I'm in. And investors do the same with Triplanet, their payment plan is horrendous. It is eating my money without much construction on site.

Hi There,
Currently there is no indication that the project is going to be delayed. The foundation and finish takes a long time. But building the structure is quicker. Currently building materials and labour is cheap and plentyfull. Unless there is a cash flow problem it would be in EMMARs interest to complete on time. We should watch the construction progress closley.

All EMAAR projects currently under construction are delayed. This will be delayed for sure. 6-12 months is the norm these days, but it could be more if things dont improve in Dubai.

Hi there,
There are some details about EMMAR in the following link! Can also inquire on the following link!
http://www.rpdubai.com/rpdubai/jsp/template.jsp?pageID=10011&&lang=0

I will post a question on the progress of 29 to them and see the response!

Hi, The RERA page was not working. The comment field was not active. Although I gave details I was not contacted. I am for contacting EMAAR and persuade them to change the payment schedule to match the progress.

fDhNm2vjsfw
Video made yesterday

... Unless there is a cash flow problem ...

Hm

Hello guys, Any progress on our buildings?????

I'm selling at below 20% of OP.

I'm selling at below 20% of OP.

And how much was your OP?

And how much was your OP?
3063/psf; it is tower 2

Any buyers?

Any buyers?
nope

Then take your property off the market and wait.

No point lowering your price when there are no buyers even at the lower price.

Then take your property off the market and wait.

No point lowering your price when there are no buyers even at the lower price.

I can't follow next schedule, I'm broke. I'll lose the these units anyway :cry:

Talk to Emaar and see if they can help you out. No harm in trying.

Talk to Emaar and see if they can help you out. No harm in trying.
I tried, they are not extending payment. And whats the point, I won't be able to pay anything until Q4 2009.

I think they will make something soon, many people can not pay the next payments, what are they doing then? cancel?

What are they doing with a lots of properties then, nobody will buy from them.

Yup, they will terminate, thats what they said.



what does it mean?

they will give back some money?

well they can keep 33% of the OP, since 40% is paid. I'll only get 7%. I'm happy to walk away with 20%, if I can.

Or maybe more, amount due is 20% next payment. So they can keep 39% that means I'll get only 1% according to new RERA rules. Which I'm not sure they will give me.

they are above the law, they dont accept the RERA rule.

when is the next payment ?

they are above the law, they dont accept the RERA rule.

when is the next payment ?

March

I can't follow next schedule, I'm broke. I'll lose the these units anyway :cry:

Sorry to hear that. It might be better for you to raise the 20% now and wait for prices to stablize in the next 6 months.

We should all presurize Emaar to relax payment schedule, especially since they are not building as fast as they are taking payments. If they can offer rent-to-own schemes, why not allow rescheduling of payment? :bash:

I wonder what Emaar is doing with Warsan, Teema and Maysan towers. Those are the worst to get hit!

It might be better for you to raise the 20%
That is not possible :(

I wonder what Emaar is doing with Warsan, Teema and Maysan towers. Those are the worst to get hit!
They are giving extentions on warsan and m-burj, but not on 29 Blvd and stand point as far as I know. They say there is no slow down on these projects and they will finish them on time.

I wonder what Emaar is doing with Warsan, Teema and Maysan towers. Those are the worst to get hit!

Maysan Towers U/C and they have good progress , many workers there , you can see the latest pics.Teema also U/C.

Warsan I dont know, what about the Mushrif Heights and the whole Burj Park series?

I wonder what Emaar is doing with Warsan, Teema and Maysan towers. Those are the worst to get hit!

Any one knows when these three towers were supposed to finish?:

Maysan Towers U/C and they have good progress , many workers there , you can see the latest pics.Teema also U/C.

Warsan I dont know, what about the Mushrif Heights and the whole Burj Park series?

Even if there is good progress on Maysan and Teema for now,what's the point of building in the middle of nowhere when everything around has been put on hold. Who is going to want to live there now?

I tried, they are not extending payment. And whats the point, I won't be able to pay anything until Q4 2009.

did you try for downgrade?

http://i43.tinypic.com/28jfw2x.jpg
http://i39.tinypic.com/yi7mh.jpg

did you try for downgrade?
yea but the option is not available for downgrade with 29 Blvd.

234sale, thanks for the pics. I dont see any workers in the pics; is there any construction going on at the site?

i'm afraid i have no good news...lights are off at nite & no workers seen on site in the past 3 days during the day.

the building across the boulevard (under construction) is still busy with contruction but only 2 shifts now. lights off at nite...

Thankx for the recent pics..it looks like it still has so much more before it is handed over in march 2010? is that date possible? burj centeral at least u can see it has reached the 9th floor..with 29 blvd nothing is done? how do they expect to finish it? pls inform me

Check this news out guys: http://www.haitinews.net/story/466415

Also completion date for Boulevard Central is 30.12.2009. 29 Boulevard is 30.03.2010.

that is exactly the completion date that is stated on the emaar contract...however with blvd centeral at least they have reached the 9th or 10th floor..with 29 blvd not even the first floor has been compelte..and payments are still made...will they ever be done on time? even by 2011?

Can somebody please post some photos......:cheers:

I feel so stupid at buying at 3063/psf. :( And I don't think emaar will give any discount. In the same project people have units @ 1650 psf so it is very difficult to sell it even with 50% loss on investment for those who bought in 2008.

same as my and many people situation.

no point to pay anything more of these projects , market price is less then 50% now ,and no buyers
they should restructure the prices otherwise they will loose all investors.

They should atleast restructure the payment plan. I suggest all the owners should sign a petition demanding that and deliver to EMAAR.

I think that is not enough, who will put more money in these projects even the Emaar gives better payment plan ?

Studio is in the Burj Area is around 760-1 m now, cheapest 1 bedroom 1.1-1.3m.

I think that is not enough, who will put more money in these projects even the Emaar gives better payment plan ?

Studio is in the Burj Area is around 760-1 m now, cheapest 1 bedroom 1.1-1.3m.
Exactly. In same project they released units for 1650 psf in late 2007, now the construction costs have dropped to 2004 levels, I'm sure they can renegotiate and discount prices for all units to 1650 psf.

CAN SOMEONE POST SOME NEW PICS OF 29 BLV? HAVE THEY STARTED THE
1ST FLOOR YET?? AWAIT RESPONSE?

Exactly. In same project they released units for 1650 psf in late 2007, now the construction costs have dropped to 2004 levels, I'm sure they can renegotiate and discount prices for all units to 1650 psf.

When the costs were rising, no one asked Emaar to increase the price they bought at to the new levels. Therefore, it is absurd to ask Emaar to reduce price to 2004 levels now.

What is worth negotiating with Emaar is payment schedule.

When the costs were rising, no one asked Emaar to increase the price they bought at to the new levels. Therefore, it is absurd to ask Emaar to reduce price to 2004 levels now.

What is worth negotiating with Emaar is payment schedule.
I'm not saying reduce to 2004 levels, but at least they can reduce it to 2007 level. Building haven't come above around, and in same project units are selling for 1650 psf, so people who bought in mid of 2008 are completely screwed.

When the costs were rising, no one asked Emaar to increase the price they bought at to the new levels. Therefore, it is absurd to ask Emaar to reduce price to 2004 levels now.

What is worth negotiating with Emaar is payment schedule.

if you get a new payment plan would you pay more? I doubt.

The main problem is the price, what I heard , 85 % of their costumers (6-7 towers) stopped the payments because of the price.

They should reduce the price otherwise they can not build and the Burj area will be construction site in the next 10-15 years.


I went to the sales centre , they offered downgrade but their price is just funny, cheapest apartment is a studio of Lofts , 2.6 million. They have studio in the Address Hotel for 4 million:)

No one will buy anything from them , they are still just dreaming.

Even that is absurd. Its like Emaar asking people who bought in 2007 to increase their price to 2008 levels (in mid 2008). There are ups and downs in business, so lets not ask for something that we wont get.

BTW, here are some studio prices from Better Homes site:

1. 518 sq.ft, 3rd floor, AED 2,163,000 (4175 psf)
2. 445 sq.ft, 25th floor, AED 1,924,680 (4325 psf)
3. 473 sq.ft, 16th floor, AED 1,618,015 ( 3420 psf)
4. 445 sq.ft, 16th floor, AED 1,482,632 (3332 psf)
5. 445 sq.ft, 10th floor, AED 1,186,445 (2666 psf)

I would say the average ASKING price is around 3400 psf for studios here. The SELLING price depends on how desperate the seller is.

if you get a new payment plan would you pay more? I doubt.

The main problem is the price, what I heard , 85 % of their costumers (6-7 towers) stopped the payments because of the price.

No one will buy anything from them , they are still just dreaming.

If I had invested more than 50%, I would continue my payments because then I would have a lot to lose.

Where did you hear that 85% customers stoped payment? If this were true, it would actually help EMAAR because it would result in forfeits and EMAAR can then sell to others at a better price (even at 2007 level prices!).

Note that EMAAR doesnt have a liquidity problem (the chairman said that is why they arent buying back their stock which is now so low). They can build but I think they will delay for strategic reasons.

Betterhomes prices also irrealistic, no one will buy it.

Studio in the Burj Views and the Lofts now around 800-1m, 1 bed 1.1-1.3 million.

Studio in the Burj Dubai Lake Hotel , 1.4-1.5 m , 1 bedroom 1.6-1.8 million.

I know a studio in the Burj Dubai for 1.8 million but no one wants to buy it.

This is the market now..

If I had invested more than 50%, I would continue my payments because then I would have a lot to lose.

Where did you hear that 85% customers stoped payment? If this were true, it would actually help EMAAR because it would result in forfeits and EMAAR can then sell to others at a better price (even at 2007 level prices!).

Note that EMAAR doesnt have a liquidity problem (the chairman said that is why they arent buying back their stock which is now so low). They can build but I think they will delay for strategic reasons.

I heard from the sales centre:)

They will have many properties but who will buy it , even at 2007 prices?

If they have no liquidity problem why many projects ON HOLD?

Why slow the Burj Dubai?

I heard from the sales centre:)

They will have many properties but who will buy it , even at 2007 prices?

If they have no liquidity problem why many projects ON HOLD?

Why slow the Burj Dubai?

Why would the sales center tell you that 85% of customers are defaulting and yet at the same time tell you that their current prices are even higher than before (@2.6 million)? :bash:

Projects are DELAYED for strategic reasons. This creates shortages which pushes up prices. They used the same strategy in the Marina.

Since the projects are DELAYED, we should ask EMAAR to re-calculate the payment plan so that it reflects the delay.

I spoke with 3 different people there one of them said she knows that the prices are irrealistic but she can not do anything.

These delays no strategic reason, this is about the money.

they are selling this project in these prices , just few example:

BD 29 Blvd T2-16-1601 Apartment 1 Bedroom 861 3,452,888
BD 29 Blvd T2-16-1611 Apartment 1 Bedroom 1,058 4,276,888
BD 29 Blvd T2-19-1909 Apartment 2 Bedrooms 1,491 6,657,888

Even that is absurd. Its like Emaar asking people who bought in 2007 to increase their price to 2008 levels (in mid 2008). There are ups and downs in business, so lets not ask for something that we wont get.

BTW, here are some studio prices from Better Homes site:

1. 518 sq.ft, 3rd floor, AED 2,163,000 (4175 psf)
2. 445 sq.ft, 25th floor, AED 1,924,680 (4325 psf)
3. 473 sq.ft, 16th floor, AED 1,618,015 ( 3420 psf)
4. 445 sq.ft, 16th floor, AED 1,482,632 (3332 psf)
5. 445 sq.ft, 10th floor, AED 1,186,445 (2666 psf)

I would say the average ASKING price is around 3400 psf for studios here. The SELLING price depends on how desperate the seller is.



Googly, are those prices from 29 blvd???............Does anyone think they might put this project on hold?? even though they broke ground???

I would say the average ASKING price is around 3400 psf for studios here. The SELLING price depends on how desperate the seller is.
If asking price was 3400 psf then I would have sold by now. I'm below my OP (OP = 3000 psf)

If asking price was 3400 psf then I would have sold by now. I'm below my OP (OP = 3000 psf)

I said AVERAGE asking price. The desperate sellers are obviously asking less. The problem is that if there are no buyers, no matter how much you reduce your price, no will buy. Therefore, there is no point in lowering your price.

In times like these, its better to be patient and wait out the storm.

Googly, are those prices from 29 blvd???............Does anyone think they might put this project on hold?? even though they broke ground???

Yes, the prices are for 29 blvd as per the Betterhomes website.

Emaar hasnt put it on hold yet. I think they will simply delay it by a couple of years.

Having said that, it seems there are no workers on the site. :bash:

"The agency (RERA) will also host an Independent Progress Monitoring Report on its website. Government inspectors will tour sites and post monthly written and photographic progress reports from projects across the emirate."

This is good news. However 29 Burj Dubai Blvd is not listed is RERAs site? If so we should all write to RERA regularly asking why our project is not listed? Any one have their email address?

No work going on Friday (expected) Saturday or today about half an hour ago. Totally dead.

bad news, now almost everything ON HOLD at the Burj area.

can you please name the projects imre??

ON HOLD

M Towers
Burj Park III
Burj Park V
18 Burj Dubai Boulevard
Burj Place
The Grand Boulevard
29 Burj Dubai Boulevard

not sure the Standpoint and Claren Towers, I saw workers there but almost zero progress

still U/C:

Burj Dubai
Boulevard Plaza
Boulevard Central
The Lofts

seams ready but delays:
Burj Views
Mall Hotel

Only the Boulevard Plaza has good progress , anything else slow now.

this is not good at allll...........great thanks for the list

What about the mansion? Am surprised that one isn't also on hold.
Anyway I feel sorry for the investors that have to go through this but don't feel sorry for emaar at all. Their own greed (selling at 7000/sqft) caused this. :ohno:

ON HOLD

M Towers
Burj Park III
Burj Park V
18 Burj Dubai Boulevard
Burj Place
The Grand Boulevard
29 Burj Dubai Boulevard

not sure the Standpoint and Claren Towers, I saw workers there but almost zero progress

still U/C:

Burj Dubai
Boulevard Plaza
Boulevard Central
The Lofts

seams ready but delays:
Burj Views
Mall Hotel

Only the Boulevard Plaza has good progress , anything else slow now.

Imre, I think Claren Towers is making good progress, but very slow on Standpoint.

Mall Hotel was supposed to be a January opening, but not as yet.

Burj Views no roads in area ready yet.

When you look at your list of "on hold" this is when the crises hits home in particular for "The most prestigeous square kilometre on the planet" that has been halved in ncapacity its difficult to disguise.

On the good news front, my service fee halved from the 2008 fees applied to the Old Town property, so Emaar not acting as deperate.

What about the mansion? Am surprised that one isn't also on hold.
Anyway I feel sorry for the investors that have to go through this but don't feel sorry for emaar at all. Their own greed (selling at 7000/sqft) caused this. :ohno:

yeah but its the investors who are feeling the pinch aren't they?

ON HOLD

M Towers
Burj Park III
Burj Park V
18 Burj Dubai Boulevard
Burj Place
The Grand Boulevard
29 Burj Dubai Boulevard

not sure the Standpoint and Claren Towers, I saw workers there but almost zero progress

still U/C:

Burj Dubai
Boulevard Plaza
Boulevard Central
The Lofts

seams ready but delays:
Burj Views
Mall Hotel

Only the Boulevard Plaza has good progress , anything else slow now.

Can you please confirm 29 blvd is on hold? If I may ask, how credible is your information?

Can you please confirm 29 blvd is on hold? If I may ask, how credible is your information?

No work going on Friday (expected) Saturday or today about half an hour ago. Totally dead.


I think this is enough.

I think this is enough.

Thanks Imre,

Is the halting of construction for 3 days totally untypical in Dubai?
I understand why properties like claren 2 would be cancelled; the launch prices in summer 2008 were upto 5000 aed/sq ft and defaults are pretty much guaranteed on that kind of price.

But from what I know, 29 blvd was sold at < 2000 AED/sqft even in 2007, so I am surprised that this is being put on hold.

thanks

2900dhs sq/ft for 63rd floor in burj dubai :ohno:

For whatever reason, and I can only think of ongoing construction, they have recently blocked the road between the Residences and 29 Boulevard.

Maybe a short term on hold if there is such a thing

Imre..thanks for your info...but 29 was launched 2 years ago..for what reason would they delay it..could they risk losing the value of the name frank williams? arent only projects that were launched in 2008 and 2009 delayed?? pls tell me; as i cant afford 29 to be delayed..pls helpp!

Checkout the following link. This may be why the builders are not working!!!! We must all keep writing to RERA why 29 Burj Dubai Blvd is not listed in their site and there is no ESCROW account for EMAAR???? We must write every week. I am doing so.

http://www.ft.com/cms/s/5db46c0e-075f-11de-9294-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5db46c0e-075f-11de-9294-000077b07658.html&_i_referer=http%3A%2F%2Fuk.mc250.mail.yahoo.com%2Fmc%2FshowMessage%3Ffid%3DInbox%26sort%3Ddate%26order%3Ddown%26startMid%3D0%26.rand%3D1104327537%26da%3D0%26midIndex%3D1%26mid%3D1_117842_AGy3ktkAAQDPSa141A2U%252BytS3RM%26prevMid%3D1_118470_AGm3ktkAAEqeSa4uCAyS3SCyqsc%26nextMid%3D1_115772_AGm3ktkAAPnfSawnxAWYtWgl0fM%26m%3D1_118470_AGm3ktkAAEqeSa4uCAyS3SCyqsc%2C1_117842_AGy3ktkAAQDPSa141A2U%252BytS3RM%2C1_115772_AGm3ktkAAPnfSawnxAWYtWgl0fM%2C1_278_AG23ktkAAEQWSarW3AvIIHjoR%252Bo%2C1_791_AG23ktkAAXToSarUKgD%252FElbk4%252B0%2C1_1689_AGi3ktkAANdSSamDWw2F9Cdsbhk%2C1_2369_AGm3ktkAAB2vSakkKQfCNmckfzc%2C

Checkout the following link. This may be why the builders are not working!!!! We must all keep writing to RERA why 29 Burj Dubai Blvd is not listed in their site and there is no ESCROW account for EMAAR???? We must write every week. I am doing so.

http://www.ft.com/cms/s/5db46c0e-075f-11de-9294-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F5db46c0e-075f-11de-9294-000077b07658.html&_i_referer=http%3A%2F%2Fuk.mc250.mail.yahoo.com%2Fmc%2FshowMessage%3Ffid%3DInbox%26sort%3Ddate%26order%3Ddown%26startMid%3D0%26.rand%3D1104327537%26da%3D0%26midIndex%3D1%26mid%3D1_117842_AGy3ktkAAQDPSa141A2U%252BytS3RM%26prevMid%3D1_118470_AGm3ktkAAEqeSa4uCAyS3SCyqsc%26nextMid%3D1_115772_AGm3ktkAAPnfSawnxAWYtWgl0fM%26m%3D1_118470_AGm3ktkAAEqeSa4uCAyS3SCyqsc%2C1_117842_AGy3ktkAAQDPSa141A2U%252BytS3RM%2C1_115772_AGm3ktkAAPnfSawnxAWYtWgl0fM%2C1_278_AG23ktkAAEQWSarW3AvIIHjoR%252Bo%2C1_791_AG23ktkAAXToSarUKgD%252FElbk4%252B0%2C1_1689_AGi3ktkAANdSSamDWw2F9Cdsbhk%2C1_2369_AGm3ktkAAB2vSakkKQfCNmckfzc%2C

As a matter of fact, none of Emaar's projects are registered with RERA and there are no ESCROW accounts whatsoever

They should atleast restructure the payment plan. I suggest all the owners should sign a petition demanding that and deliver to EMAAR.

Some news about EMAAR!

http://www.tradearabia.com/news/REAL_157482.html

bad news, now almost everything ON HOLD at the Burj area.:

I wonder if Arabtec Holding PJSC were the ones building our block for EMAAR. Interesting news on the following link!

http://www.bloomberg.com/apps/news?pid=20601087&sid=af4vzjwZ8DwM&refer=home

Imre, Is 29 Burj Dubai Blvd still on hold? i.e. no workers???

It doesnt look good, prepare yourself for a rough ride with EMAAR trying to get some of your money back

Imre, Is 29 Burj Dubai Blvd still on hold? i.e. no workers???

Last week I went to the Emaar sales centre , they said this projects is still U/C.

Last week I went to the Emaar sales centre , they said this projects is still U/C.

"Emaar, the Middle East's largest developer, is considering cancelling or postponing three projects including Warsan, Asmaran and Maysan after receiving a petition from investors."

Thanks Imre. Why don't we all make a petition at least to force EMAAR to adjust the payment to construction.

Please contact me at saima_saqlain at hot mail dot com if you have invested in the Mansion project by Emaar. We intend to start a petition requesting a reduced price and a payment plan linked to construction phases. The more signatures we get, the better it would be!!!

Thank you.

Hi guys,

We visited RERA, Land Department and Emaar, looking for answers as to why Emaar does not need to open an escrow account or get its projects registered. All three of them very candidly informed us that Emaar is above such PETTY rules and regulations. The same goes for Mizin. It does not need an escrow account as it is government.

There will be no refunds. There is no money. Projects will be put on hold. You can wait. Emaar can't help you there. It is your fault that you bought properties from them and it is not there fault that a financial crisis has hit you. You signed a contract with open eyes, that literally stated that Emaar can delay projects, can demand payments even if projects delayed, you lose ALL of your money if you default and manage to get the contract terminated. Emaar shall follow the contract to the last word as all the words are in their favour and you signed the contract willingly!!!

Before you people jump on me to strangle me, typed above is a feeble attempt at sarcasm. We have our money stuck in the Mansion project. We bought at AED 7000/sq ft and have already paid 20%. 15% more was due on the 1st of March 2009 and Emaar has already sent us reminder letters. They have dug up a hole at the site, so we can't blame them for not starting CONSTRUCTION. Now that our pockets are empty, we fail to comprehend what came over us to buy a 2 bedroom apartment for AED 7000/sqft!!!!

We are starting a petition to demand a reduced price(at least 2500 dirhams /sq ft) and a more flexible payment plan as Emaar will never refund or admit that they are going to delay the project.

So please contact me at saima_saqlain at hotmail dot com asap to start the petition.


May God help us all. amen

What does "on hold" mean exactly? My understanding, correct me if I am wrong, but I believe the contract states that Emaar has 12 months from the stated completion date to hand over the project. If they miss this date are they not in violation of the contract? This project, in my view is not going to be ready for the stipulated handover date. I would be very happy to see Emaar cancel the whole thing. Is there a way that we can draft a petition requesting a cancellation and / or revised payments, prices etc? Does anyone know how we could get a full list of all investors?

If you prefer you can transfer credits and come as joint owner in one of my apartments. I've 1 bed in 29 blvd @ 3000 psf.

What does "on hold" mean exactly? My understanding, correct me if I am wrong, but I believe the contract states that Emaar has 12 months from the stated completion date to hand over the project. If they miss this date are they not in violation of the contract? This project, in my view is not going to be ready for the stipulated handover date. I would be very happy to see Emaar cancel the whole thing. Is there a way that we can draft a petition requesting a cancellation and / or revised payments, prices etc? Does anyone know how we could get a full list of all investors?
They have 15 months grace period. That only happens if you are willing to pay all the installments and wait till grace period is over.

it is unfortunate but i wonder what would happen if defaults reached over 50% of all owners. it is quite possible for defaults to happen either now or after a while...quite unavoidable since many of the purchases were for speculative purposes.
would emaar still build it or would they use it as an excuse to stop the project.
how would they even fund it if they do not have as much reserves as people think?

They have 15 months grace period. That only happens if you are willing to pay all the installments and wait till grace period is over.

What happens after the 15 month grace period from the original completion date, EMAAR haven't completed the project?:bash:

What happens after the 15 month grace period from the original completion date, EMAAR haven't completed the project?:bash:
The could payback the money or they might give you interest on the amount until completion.

Anybody wants transfer emaar credits, pm me.

I guess the building works at 29 Blvd is still on hold. Are the cranes still there?

Just went to the emaar sales center today; they stated that the project is still on track and 29 bld will be completed by march 2010; they are given another 12 months grace period for completion till march 2011; if not done by then; then they will reimburse us somehow..how do they expect to get completed by that date if they have not even stated the first floorr..?

I don't believe for a second that they will have these projects ready on time...or even a year later. Is anyone interested in forming a petition for us to get our money back?

Freestyler, are we able to transfer credits? How does this happen, and what does it entail? Can you do this even of you have a mortgage?

I don't believe for a second that they will have these projects ready on time...or even a year later. Is anyone interested in forming a petition for us to get our money back?

Freestyler, are we able to transfer credits? How does this happen, and what does it entail? Can you do this even of you have a mortgage?
I'll go there 2moro to see what new policy they have. Before they weren't giving credits out of 29 blvd.

Friends, The next payment of 15% (50% already paid) for T1 building is due end April. When is the next payment for T2? There are many builders offering discounts and extended payment and fast tracking some projects and allowing investors to transfer credits to these projects. Why is EMARR not acting like this? They seem to be only interested in collecting money like ALIBABA.

Next payment for T2 already passed. It was due on 1st march. But Emaar has allowed me to transfer credits from Mansion and Warsan.

Next payment for T2 already passed. It was due on 1st march. But Emaar has allowed me to transfer credits from Mansion and Warsan.

Thanks. How much have they collected from T2 so far?

Thanks. How much have they collected from T2 so far?
I've paid 40%, and 20% is due.

I've paid 40%, and 20% is due.

Good news if they have let you transfer credits from Mansion and Warsan to T2. This would be good news for many. EMAAR is finally acting like a responsible developer.

Good news if they have let you transfer credits from Mansion and Warsan to T2. This would be good news for many. EMAAR is finally acting like a responsible developer.
I would be believe if they give at least 25% on T2 since price in T2 is almost 50% high T2. There is big difference between the same project and now Standpoint B is cheaper than T2 @ 2,500 psf after 25% discount.

Btw, they are allowing transfer because the came too much under pressure from investors in warsan, burj place, mansions, etc... Now they are limiting credit transfer to max 40% to 70% of the unit value depending on the time of completion. That means there is too much supply for credit notes and lesser demand for the transfers.

does the credit rule include Teema asmaran phase II; freestyler update me..thx

does the credit rule include Teema asmaran phase II; freestyler update me..thx
No idea. Is that on hold?

Look at the title!!

Look at the title!!
Teema asmaran phase II?

Good news if they have let you transfer credits from Mansion and Warsan to T2.

This also means that 29 BD is not going to be cancelled. Good news indeed.

Yeah but unfortunately this project was supposed to finish next year, thats what they said in 2007:bash:

anyone have any updated pictures? have they started the first floor yet..at least knowing that might give us a slight level of confidence..we keep making payments when nothing has even been done...what is going on? pls update me..

anyone have any updated pictures? have they started the first floor yet..at least knowing that might give us a slight level of confidence..we keep making payments when nothing has even been done...what is going on? pls update me..

Nought, zero, zilch, dead.

actually, looking from my balcony in the residences today, they have been working at 29 all day and currently this evening (22:30 hrs). although there are obviously fewer workers than 6 mths ago there are 2 cranes on site, one of which has certainly been active. Centro next door is quiet at night but there is still daytime activity:)

Nought, zero, zilch, dead.

in arabic لاجديد ,لاشي جديد ,صفر,المشروع منتهي ,ماعندك احد :)

actually, looking from my balcony in the residences today, they have been working at 29 all day and currently this evening (22:30 hrs). although there are obviously fewer workers than 6 mths ago there are 2 cranes on site, one of which has certainly been active. Centro next door is quiet at night but there is still daytime activity:)

Thanks Dubai-Dreamin. Good news that the builders are back. Hope they will stay on it. Any one knows who the builders are?

actually, looking from my balcony in the residences today, they have been working at 29 all day and currently this evening (22:30 hrs). although there are obviously fewer workers than 6 mths ago there are 2 cranes on site, one of which has certainly been active. Centro next door is quiet at night but there is still daytime activity:)

Dubai-Dreamin, Thanks for the info. Could you let us know if you see any changes to the progress of 29 Blvd.

Dubai-Dreamin, Thanks for the info. Could you let us know if you see any changes to the progress of 29 Blvd.

Unless its about workers sweeping up debris, not much else happening in the way off construction progress, cement pour etc.

I think this project will be delayed at least 1 year.

I can assure you that I am sitting at my window in the Residences as I write and I can see in excess of 50 workers on top or working on the ground and they are actively pouring concrete at this moment. There seems to be less activity at Central but one tower is up to about the 14th floor.

I can assure you that I am sitting at my window in the Residences as I write and I can see in excess of 50 workers on top or working on the ground and they are actively pouring concrete at this moment. There seems to be less activity at Central but one tower is up to about the 14th floor.

Thanks Dubai-Dreamin. Please keep an eye on them and let us know if you see any change of direction.

Dubai-Dreamin, any news on 29 Blvd?

there has definitely been activity here over the past 2 weeks. we even visited the plan at Emaar sales office to check we were looking at the correct plots! although there does not appear to have been any height gain there have been many workers on site and the cranes have been active so they must be doing something (I do not work in construction so would not like to speculate!). there also appears to be a lot of activity at the adjacent sites eg Mansion, M, Burj park area, including excavation and active concrete pouring (especially the site immediately to the side of 29, not Claren). sorry not to be more accurate but the plots all tend to merge together to the untrained eye. I am sure others here will be able to clarify which sites are the active ones:). I will try and post pictures in the next few days.

Will definitely be looking forward to pictures of updates in the adjacent plots.

Anybody has pictures of emaar's model of downtown?

there has definitely been activity here over the past 2 weeks. we even visited the plan at Emaar sales office to check we were looking at the correct plots! although there does not appear to have been any height gain there have been many workers on site and the cranes have been active so they must be doing something (I do not work in construction so would not like to speculate!). there also appears to be a lot of activity at the adjacent sites eg Mansion, M, Burj park area, including excavation and active concrete pouring (especially the site immediately to the side of 29, not Claren). sorry not to be more accurate but the plots all tend to merge together to the untrained eye. I am sure others here will be able to clarify which sites are the active ones:). I will try and post pictures in the next few days.

Thanks for that, good news to see this one under construction again.

Interesting article on Gulf News on the following link! Is our payment matching the construction?

http://www.gulfnews.com/uaessentials/ask_the_law/housing_and_rent/10300774.html

Well obviously the payment for this project is NOT matching the construction levels. But what can we do about it? My next installment is due on May 1, and I have no choice but to pay up.

I had suggested that we all get together and send a petition to Emaar, but it seems not many are interested in doing this. :bash:

Googly, I am in. It may be a bit too late to petition before the next payment end of this month as Emaar has begun construction. We should act now so by next payment time we will be ready!

Googly, I am in. It may be a bit too late to petition before the next payment end of this month as Emaar has begun construction. We should act now so by next payment time we will be ready!

"Emaar has begun construction". :ohno: maybe need to post some pics from this plot amongst others (Claren and Centro) that show a total lack of any construction progress.

BD Boulevard and 29
http://i373.photobucket.com/albums/oo178/jmcmen/Boulevard.jpg

Claren Towers BD Boulevard and Boulevard Centro
http://i373.photobucket.com/albums/oo178/jmcmen/clarenboulevardcentro.jpg

Structure to left picture: Claren Towers (no activity)
Structure centre pic: Burj Boulevard underground carpark (cement pour daily)
Structure to right picture Boulevard Centro.(no activity)

Thanks Old Town Resident. Need some more info from Dubai Dreamin and Emre. Where is Emre these days?

workers there but still slow

27/April/2009

29 BD Boulevard

http://i41.tinypic.com/2njy0io.jpg

http://i41.tinypic.com/av4dv9.jpg

Been like that for months.

Maybe waiting on underground car park and Boulevard adjacent to area to be completed.

[QUOTE=Imre;35825240]workers there but still slow

Thanks Emre for the pictures.

Been like that for months.

Maybe waiting on underground car park and Boulevard adjacent to area to be completed.


The company added that none of the projects it has already launched are on hold. “All the developments are progressing and (are) in line with Emaar’s strategy to complete all commenced projects.”

http://www.khaleejtimes.com/DisplayArticleNew.asp?col=&section=business&xfile=data/business/2009/April/business_April1100.xml

:)

It really seems on hold, even if they say not so!!

I received a letter from Emaar in the last two weeks that they have now signed the pre-registering agreement with the Dubai Land Department in line with Law No. 13 of 2008 regulating the Interim Real Estate Register of Dubai. I also have to pay AED3000 towards this. Any one got this letter?

how do they expect me to make a payment on
May 1st 09 if they havent even started the first floor; after looking at the recent pictrures i am dishearted..
can we all meet and get together and object to paying the next payment..who is in..

yes every one have this letter and what means no one knows

how do they expect me to make a payment on
May 1st 09 if they havent even started the first floor; after looking at the recent pictrures i am dishearted..
can we all meet and get together and object to paying the next payment..who is in..

I made the payment because I couldnt find many people who wanted to protest with me. Nevertheless, I am with you but since I am not in Dubai I cant meet with you. But you have my proxy vote. :bash:

I am in. But I am not in Dubai. If we organise now we may be able to do something before our next payment if Emaar is not progressing to schedule. First we have to get a list of investers as soon as possible. Any one knows how we can get one?

I received a letter from Emaar in the last two weeks that they have now signed the pre-registering agreement with the Dubai Land Department in line with Law No. 13 of 2008 regulating the Interim Real Estate Register of Dubai. I also have to pay AED3000 towards this. Any one got this letter?

Has any one paid this AED 3000?

No one have to pay for this. what this means already delay for handover!!!!!
if they finish on time we can make normal registration it is so funny

Whats the progress? New photos?

Whats the progress? New photos?

I visited the site on the 24th May at 11:30 AM. Found only one worker sweeping. Talked to some workers working near the site. Not much have been happening for some time. I have some pictures, but don't know how to post it. Can someone tell me how to do it?

you should upload here first and after copy the line for forums

www.tinypic.com or www.imageshack.us

Anyway, I saw the site yesterday , no one is there, totally dead.

Maybe they are waiting for the finishing of the road..

you should upload here first and after copy the line for forums

www.tinypic.com or www.imageshack.us

Anyway, I saw the site yesterday , no one is there, totally dead.

Maybe they are waiting for the finishing of the road..

http://tinypic.com/r/se4ocw/5

Whats the progress? New photos?

http://i42.tinypic.com/se4ocw.jpg

Whats the progress? New photos?

http://i44.tinypic.com/2cp46c9.jpg

Whats the progress? New photos?

http://i41.tinypic.com/1zebjep.jpg

no progress but where is the money?

investors already paid 60% , coming soon the next payment and still just hole.

original completion date was March 2010...

investors in 29 blvd; what is going on? we have paid 60 percent and they have not even started the first floor; lets all get together this week somewhere and set up a petition that we should not pay anymore...i am in; please if you are in and up for meeting reply back so we can arrange a time...thx

investors in 29 blvd; what is going on? we have paid 60 percent and they have not even started the first floor; lets all get together this week somewhere and set up a petition that we should not pay anymore...i am in; please if you are in and up for meeting reply back so we can arrange a time...thx

I am not in Dubai but I agree with what you say. I am ready to sign a petition to be given to EMAAR demanding that payment should be related to construction.

I am in. But I am not in Dubai. If we organise now we may be able to do something before our next payment if Emaar is not progressing to schedule. First we have to get a list of investers as soon as possible. Any one knows how we can get one?

irst we have to get a list of investers as soon as possible. Any one knows how we can get one?

I agree with signing a petition to EMAAR, i am in with full force,please let me know if a meeting is agreed upon, great thx

fine; let the people who live in in dubai meet first to get things started; then we can get the overseas investors to sign;

how about this saturday 9th June 09' and we meet somewhere in downtown itself?;

i am in; if you are able to meet also pls reply back; the more people the stronger our case..thx

I am in. When and where do you want to meet?

I saw a credit note for 29 blvd T2 on the market:
http://www.expatriates.com/cls/5186914.html

"1)PROJECT BD 29BLVD T2, AMOUNT 914,366.40 Dhs. Selling @ 25% Discount NET + 2% COMISSION"

Looks like T2 might be cancelled. Called Emaar, they deny it. The advertiser of credit note says he is confident that credit notes will be issued for 29 blvd T2 (only tower 2)

Does anyone have more info on this?

thanks.

how does he know?

How can Emaar cancel T2? T1 and T2 are on the same plot. Although they could reduce the prices for T2, bring them down to the same level as T1.

Can someone please confirm that T2 of 29 is cancelled by Emaar? as this will effect everyone? pls confirm if this is true..

Can someone please confirm that T2 of 29 is cancelled by Emaar? as this will effect everyone? pls confirm if this is true..
Cancelled or on hold? Even Burj Park V is not cancelled, it is on hold.

I just cant see any of the towers that are in the vicinity of the BD Boulevard being cancelled, or construction progress on hold indefinite.

29, Central and Claren will form one of the Downtown key areas.

In my opinion once the concrete level that makes up the underground parking parallel to the sites nears completion all those towers will start to progress again.

Checked with other people/agents in the market.
It seems like 29 blvd T2 cancellation was a rumor and is not true.
However, agents say that a revised payment plan for 29 blvd is in the works
and will be announced in coming weeks. Lets see if that is true.

Thought I would update everyone on what I know: grapevine is that 29 blvd has been delayed by about 9-12 months and a new payment plan will be announced soon.

Thanks for the update on the delay; so when are emaar expecting 29 blvd TI to complete then?

Hi, everyone, I'm new here, we bought T2 Clarens. Is there any investor of T2? How is the progress now? From the picture, it seems like the T2 havn't built for 1 floor, i'm worried so much.
We already signed the contract, is it possible that we can ask for discount from Emmar?
This question might be silly: from the contract, Emmar can delay 12mths from the estimated completion date, if Emmar can't deliver the property to all the investor on 29th Feb 2011, will they refund us the full amount that we paid them?
Thought I would update everyone on what I know: grapevine is that 29 blvd has been delayed by about 9-12 months and a new payment plan will be announced soon.
Thank you strings99, does this new payment plan also include T2?

Pls do count me in for the petition, i'm outside Dubai.

Hi, everyone, I'm new here, we bought T2 Clarens. Is there any investor of T2? How is the progress now? From the picture, it seems like the T2 havn't built for 1 floor, i'm worried so much.
We already signed the contract, is it possible that we can ask for discount from Emmar?
This question might be silly: from the contract, Emmar can delay 12mths from the estimated completion date, if Emmar can't deliver the property to all the investor on 29th Feb 2011, will they refund us the full amount that we paid them?

Thank you strings99, does this new payment plan also include T2?

Pls do count me in for the petition, i'm outside Dubai.


There is no progress on either tower.

I believe the new payment plans will apply to both towers (provided they aren't canceling one of them), but my guess is as good as yours. As for full refunds, I have yet to hear of anyone getting a full refund from Emaar ever.

I don't think they will cancel these towers. They will however try their best to delay as much as possible, in the interest of controlling supply (hence prices) in downtown and in the interest of getting the best rate from the contractor who will end up building these. As for getting discounts, if you bought at very high prices (eg 4000/sqft+) you can probably ask Emaar for a discount. But as I said, all this is guess work. Lets see if the payment plan news turns out to be true.

Thank you for your reply, strings99. Our price is just 2,413/sqft, 4000/sqft++ sounds so scary.
Can i ask for some advice from you? For the Feb instalment (which is 4th instalment), we applied for the extended payment scheme, we paid 5% of the selling price in April, and the balance 15% need to be paid by 8th Jun. What should i do now?shoud i hold until the new payment plan to come?
If we don't pay, according to the contract, Emaar can take back the property without refund. What do you think about this clause? Does it happen before?
We've received the fax from the lawyer in April, saying that Emaar will take back the property if the payment is not paid within one month from that date. It made us panic and helpless, really feel like we are the meat on the chopping board, can't do anything to Emaar but they have everything in control.

Thank you for your reply, strings99. Our price is just 2,413/sqft, 4000/sqft++ sounds so scary.
Can i ask for some advice from you? For the Feb instalment (which is 4th instalment), we applied for the extended payment scheme, we paid 5% of the selling price in April, and the balance 15% need to be paid by 8th Jun. What should i do now?shoud i hold until the new payment plan to come?
If we don't pay, according to the contract, Emaar can take back the property without refund. What do you think about this clause? Does it happen before?
We've received the fax from the lawyer in April, saying that Emaar will take back the property if the payment is not paid within one month from that date. It made us panic and helpless, really feel like we are the meat on the chopping board, can't do anything to Emaar but they have everything in control.

peanutbutter, check your private messages inbox.

Hello there, I am quite interested in the discussion as I have bought a flat in BD Claren T2: according to Emaar the building is not eligible for credit notes or other stuff like that (as other projects are, ex: Claren 2, Grand Boulevard,..). Be careful not to make confusion between BD Claren T2 and Claren 2!

Anyway, what are yous suggestions regarding next installments, as in real life everything seems to be ON HOLD?
Thanks!

We are a group 52 investors in 29 Blvd. T1 and T2. Our group is growing steadily. Today June 21 we have submitted a petition letter to Emaar Customer Care directors and requested an official clarification and explanation to our concerns. We have been promised to get answers by Thursday. If you are also an investor in 29 Blvd. please join to this group and let us have one strong voice.ohno:

Please let me know how I can join this group. Can you please post the petition letter on this forum? Thanks.

I want to join this group and sign the petition letter. How can I join your group?

I want to join this group and sign the petition letter. How can I join your group?

Same for me, join the group and sign the petition letter, how to do that?
I'm outside Dubai.
Thanks!

im ready to sign it to; please inform all of us how we can be aprart of it!! the more people the stronger our case for 29;

where to sign????

We should also write to RERA and ask the following!
1. Why is 29 Burj Dubai Blvd not listed in the approved project list.
2. EMAAR has completed less that 40% of the project and currently put the construction on hold without justifying their actions to the investers. They have collected upto 65% from investers and are continuing to demand the rest of the payment on schedule.
3. Why EMAAR is not following the Dubai Government Law in adjusting the payment schedule to the building progress.
4. Why EMAAR is not following the Dubai Government Law in opening a Escrow account to deposit investors money.
It is easy to register with RERA. If many investors complain they will have to take action.

Emaar projects are not listed because they are master developers, they don't need to list their projects.

Emaar projects are not listed because they are master developers, they don't need to list their projects.

Burjside Boulevard & Burjside Terrace are listed with RERA as approved projects of EMAAR.
Lets hear the excuse from RERA!

Good to know but thats what Emaar's customer service told me.

Good to know but thats what Emaar's customer service told me.

Most likely they told you verbally. However if you have an e-mail with this statement then you should forward this to RERA for clarification. It would be interesting to see if they would agree with EMAAR?

Gary can you put something together and then post it up for all of us to sign and put our unit number in 29'? We have to start taking action?


We should also write to RERA and ask the following!
1. Why is 29 Burj Dubai Blvd not listed in the approved project list.
2. EMAAR has completed less that 40% of the project and currently put the construction on hold without justifying their actions to the investers. They have collected upto 65% from investers and are continuing to demand the rest of the payment on schedule.
3. Why EMAAR is not following the Dubai Government Law in adjusting the payment schedule to the building progress.
4. Why EMAAR is not following the Dubai Government Law in opening a Escrow account to deposit investors money.
It is easy to register with RERA. If many investors complain they will have to take action.

site is empty didnt see a single workers there today, I think its going to be ON HOLD for a long time , jut saw the Boulevard Central, contractor removing the materials and leaving the site soon

Gary can you put something together and then post it up for all of us to sign and put our unit number in 29'? We have to start taking action?

Currently EMAAR has been approached, then RERA and so on until a satisfactory outcome is reached. Send 29 Blvd.investor a private message to join.

count me in

Currently EMAAR has been approached, then RERA and so on until a satisfactory outcome is reached. Send 29 Blvd.investor a private message to join.

Hi, gary, Can you send me a private message so that i can join in?

Hi, gary, Can you send me a private message so that i can join in?

Sent!

Sent!

Dear Gary; i want to join; can you send me the msg as well..thx

Sent!

hi gary.....even i would like to join

punkd & Sunny9999 Check your private messages!