Project: Knightsbridge Court
Location: JV South
Plot Number: Plot 5
Total Built up Area: Approx. 86,228 Sq.Ft.
Number of Floors: 2B + G + 4
Status: Approved
Launch Date: January, 2007
Construction Start: ?
Construction End: December, 2008
Studio Apartments: 50
1 Bedroom Apartments: 53
2 Bedroom Apartments: 25
Basement Parking: 2 Level Parking
Total No. of Apartments: 128


Building Distribution:
* Ground Floor - 24 Apartments
* 1st Floor - 27 Apartments
* 2nd Floor - 27 Apartments
* 3rd Floor - 27 Apartments
* 4th Floor - 23 Apartments




http://www.skycom-investments.com/_images/properties/acw01_overview01.jpg


Location:


http://www.skycom-investments.com/_images/properties/acw01_location2.jpg

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Hello all
I'm in the UK and looking at buying in this development off plan.
As ever it's a bit nerve racking when you are about to cough up large %'s.
Does anyone have any opinion about the development or ACW Holdings who are the developers?
Also, is it a good area to be in to be able to walk to things such as coffee bars and restaurants?

Our's ....is not far. We bought not the same, but similar. All the advertising on UK TV, about Dubai. Got us to part with cash.
Now.... hoping it is going to be, as good as they promised. We have paid 15% deposit, but still waiting for receipts of payments.
The next 10% is due soon.
I hope "XXXXXX" is reading this!
Where is my RECEIPT??????????????

I email them, asking for a receipy for payment.
They email me back, asking me have I received my receipt.......

I email them again, say No not yet.
I get email back, asking me.... have I received my receipt.......

I email them again, say No not yet.
I get email back, asking me, have I received my receipt.......

I WANT MY RECEIPT!:ohno: :ohno: :ohno: :ohno: :ohno: :ohno: :ohno:

Hello Jeetha

Are you buying in JV in Knightsbridge Court through ACW Holdings/ Skycom?
It is interesting what you say.
I am planning to go there in 2 weeks to see what there is and meet with the people involved.
Have you received your receipt yet????:wallbash:

Hi Ganda
:ohno: :ohno: :ohno: :ohno: :ohno:
No! not as yet.
I have purchase "The Elements" very nice developement, with 2 roof pools and a gym.

Hi Jeetha

Is The Elements being built by the same people ACW Holdings?
Sounds like a great development.

I hope you get your paperwork soon!!!!

Hi All

Does anyone know about ACW Holdings?
Or is anyone investing with them?
They look like a good set up but I want to find out more before putting my money in.

Any comments will be much appreciated.

Thanks

Ganda

Karzy has posted picture for "Elements" yesterday.
have a look,

I was in Dubai, back in February. Drove around Jumeirah village site.
No construction on site, but that was early February.

Only if I get my receipt, I will be much happier then.:ohno: :ohno: :ohno: :ohno:

Got my receipt by express courier today

this building looks the same as the one I bought from Dubaiwaterfronts called The Executive, http://www.skyscrapercity.com/showthread.php?t=415481

Hi
Did the name change of the development?
I am buying through Skycom Investments and the developer is ACW Holdings and the site is called Knightsbridge Court.
Who did you buy through?
Do you think the photos used just standard photos?
Have you fully paid for your apartment yet?

Interesting!!

Good Afternoon to you all Hope you are all well ?

Just joined this forum [newbie], hoping to find some queries answered as well as recieving good information from fellow forum members .

I have just put a deposit down on the Knightsbridge Court appartment and we are awaiting the first stage of the documents to arrive .Can anybody tell me if these should be checked over with a UK Solicitor ? [Will probably do this anyway] Rhumour has it that the company are legite enough and have agood reputation.

Has anybody had any advice on setting up an account to make the staged payments & is the contract exchange easy enough.

We have so many questions regarding the legal side of the transaction , but presume all will be okay.

The development in Knightsbridge look good on the website & Brochure although I cant find any info on the acwholding company & or Sky Investments

Krgds
Eck
:ohno:

^^ You'd be better off asking these questions in the following thread

http://www.skyscrapercity.com/showthread.php?t=438574

Have opted to not go ahead with the Investment as the next contract says they can alter shape & size etc , then another contract is given 1/2 way though the build ! On the build date they cant even advise when this is even going to start - let alone finish.

Now going to look at the JLT area , any ideas what a 2bedroom appartment should actually cost .
:cheers:
Eck

^^ anywhere between 1 and 1.5 million

Krazy

Thanks for the info on price , almost close to cloing on a deal for 2 bedroom appartment in JLT area.

Great to get opinions , from forum members with a vast knowledge & experience in the Dubai property market. It really help novice investors make a decision.

Krgds
Eck:cheers:

Krazy

Thanks for the info on price , almost close to cloing on a deal for 2 bedroom appartment in JLT area.

Great to get opinions , from forum members with a vast knowledge & experience in the Dubai property market. It really help novice investors make a decision.

Krgds
Eck:cheers:


No problem. I suggest you discuss your deal here with the investment experts, before going ahead with it

http://www.skyscrapercity.com/showthread.php?t=438574

974agk, name me one project which has started and finished construction on time.....you will find in dubai (well the UAE) this is just how it is.

Laguna33p

Youre not joking there, was looking at investing on the Torch Dubal Marina-got the blah blah blah October 2008? [Ops sorry wrong thread]

Thank god I looked at the forum as it now looks like now 2010.
Now having a peek @ Icon 2 but unsure about price.

But will have fun searching for the correct property.:nuts:

Thx
Eck

P.S Im sure if I need any help Krazy & other fellow forum members will point me in the right direction. All comments are appreciated]

HAS ANYBODY HEARD OF ACW HOLDINGS WHO ARE SUPPOSEDLY DEVELOPING KNIGHTSBRIDGE COURT AND KENSINGTON MANOR???

IT'S THROUGH SKYCOM??

ACW HOLDINGS????? I DON'T WANT TO JUST HAND MONEY OVER TO THEM CONTINUOUSLY FOR 2 YEARS AND THEN THEY RUN AWAY WITH MY MONEY AND NO APARTMENT....SO PLEASE HELP ME...:ohno: :ohno: :ohno:

www.acwholdings.com

Haven't a clue who these guys are so don't know. Personally I would not buy in jumeirah village for a while. Developers are claiming completion in 2009 and 2010 when the site is still just barren land with no infrastructure or anything so expect 2, 3 or even 4 year delays. Unless of course you have money flowing out of your pockets and wouldn't mind a little gamble but I'd prefer to buy somewhere else, somewhere where there is clear progress like the marina, jlt or burj dubai complex.

What ever you do stay away from ASPIRE GROUP. I have bought with them and regretting already. Ring them and you’ll find out.

This is how my conversation, with them goes.

Ring ring ring ring X 100000000000000000000.
Finally someone answers,

Aspire group…….“WHO”
Jeetha …. "Hello I’m Jeetha………………………",

Aspire group…..“WHAT”
Jeetha…….”Hi, I bought an apartment of you, made 2nd payment…:wtf:

Aspire group…….“WHY”
Jeetha “Hi I bought an apartment of you, made 2nd payment…send, about one thousand emails, NO REPLY”

Aspire group…..“WHEN”
Jeetha …. “Today”, “yesterday”, “day before yesterday”, “Last week”.

^^ sorry all!
got carried away a little.
But Aspire group Do PMO

Latest mailshot

http://www.acwholdings.com/dpl/

I personally bailed out with them & am still awaiting my deposit refunded, not a large amount of AED! But it was promised if I did not go ahead.
Im afraid a bit of live and learn :ohno:

Hello to all!!!!!!!!!!!!!!!!!!!!!! :)

I wanted to know lttle more an acw holdings as I to was buing through skycom.i had to go down to dubai myself to check evrything as I was concerned as well.

met guys at acw in dubai and they had a profesional outfit and at the moment all the site is being sorted by limitless roads etc.......

construction will start in nov. have paid 50% for my apaprtment in knightsbridge. im going to their exhibition in Hilton metropole london june 24. hope this ifno is of help jay!!^^

Hello to all!!!!!!!!!!!!!!!!!!!!!! :)

I wanted to know lttle more an acw holdings as I to was buing through skycom.i had to go down to dubai myself to check evrything as I was concerned as well.

met guys at acw in dubai and they had a profesional outfit and at the moment all the site is being sorted by limitless roads etc.......

construction will start in nov. have paid 50% for my apaprtment in knightsbridge. im going to their exhibition in Hilton metropole london june 24. hope this ifno is of help jay!!^^

kiss your money goodbye:nuts:

whatcha mean kiss ur money goodbye? what have u heard?

hi..ive put down a deposit for a place in kensington manor, through acw holdings as well..bit scared now after what im reading on this site..

pls let me know what your experience of acw holdings has been.
i was at the hilton metropole this weekend, and thought it went very well..they seemed to sell fairly quickly!

pls also let me know if you're paying in instalments, the best way to pay. i paid deposit with my credit card and got a very poor exchange rate.

any help appreciated..first time overseas buyer here

many thanks in advance.

hi..ive put down a deposit for a place in kensington manor, through acw holdings as well..bit scared now after what im reading on this site..

pls let me know what your experience of acw holdings has been.
i was at the hilton metropole this weekend, and thought it went very well..they seemed to sell fairly quickly!

pls also let me know if you're paying in instalments, the best way to pay. i paid deposit with my credit card and got a very poor exchange rate.

any help appreciated..first time overseas buyer here

many thanks in advance.

Hi Choco,

Firstly mate, don't worry. I too have bought in Jumeirah Village South, albeit on a different project to Kensington Manor. Couldn't comment on ACW and your project but yes, JVS is being delayed and this is due to Limitless (Master Developer) being late in handing over plots to the developers. As far as I know, my friend who is an estate agent out in Dubai said that they have recently started to handover plots, although they are doing this district by district.

With regards to exchange rates, I usually just pay my instalments through the bank. Assuming you're based in the UK, all major banks do money transfer and Barclays charge a fee of £20 each time. Saying that the rate probably isn't as bad as paying through your credit card, even with the additional admin charge. I would seriously look into this. Better still, if you're over in Dubai, open up an account there - not sure what paperwork you'd need but I'm sure you could open up just a current account.

Finally, regards to panicking and stressing over our investments - don't worry as we're all in the same boat. All projects in Dubai are delayed - so this is nothing new or unique to Jumeirah Village South.

Hope this helps.
Masood.

whatcha mean kiss ur money goodbye? what have u heard?

only kidding.

that's just what i'm always being told by doomsayers on other sites.:cheers:

thanks masood and barry.

Aaarrgghhh!! Ive just bought into the hanover square development by ACW holdings!!!! They mentioned nothing of an escrow account and I paid into a HSBC holding account! The apartment cost me all my savings!!

Is it a safe company???!! Anyone please help, everyone I speak to seems to say that they have never heard of ACW holdings!! Is it a scam???!!!


I bought through skycom investments. Hope I havent just thrown my money in the bin!!

WHO ARE ACW HOLDINGS?? They seem to be based in Leeds (uk), but when I called skycom to ask about their previous developments and history, they only told me about hanover and knightsbridge in jumeira village!!

Of course its safe, you have nothing to worry about. I just gave a £10,000 deposit and my full bank details to a Mr Negombe Akuzombi, from Nigerian's Interior Ministry, who urgently needed to get £25million out of the country, before Tuesday.

Some people are of the belief that you should do all your research FIRST, and then part with your hard earned cash. But they are stupid. :sleepy:

Thanks for the comment Naz, but NOT very helpful!!!!!

I wanted to know whether anyone knows of ACW holdings, not a comment on how stupid I am for buying an apartment in their development!

Damn, I should be more subtle next time.

^^ Yes you should, we don't need to hear your bitching everytime your popcorne machine breaks or when some blokes from expatriates.com, driving Town Cars with blackened windows, keep looking for you (the first three days of every month). :ohno:

Hope I won't kick myself for saying this..NAZuk is right in his own crude way.

Thou, chances are nobody will lose their money but prepare for looongggg delays.:nuts:
In future, better to buy in more developed areas ie. dubai marina,jlt as mentioned on a previous post.From what i have heard all developers will need to be EScrow-compliant by dec2007:banana::cheers:

Oh ok, that is good news! Still have 50% of remaining funds to hand over to acw but not until next year, so therefore you guys think that I should be safe? Hope so!

Still cannot find any info on ACW holdings though! Apart from their sister companies skycom investments and rank properties, anyone heard of these?

The development ive invested into is called Hanover square and is a leaseback studio apartment in a 5 star hotel.

This is the FIRST time ive invested in anything like this and this is exactly why I joined this forum to get some helpful info from decent people, so thanks marina2010!

Anymore info from other members would be much appreciated!

I'm sorry mate, but seriously, did you expect or want sympathy? You put, in your own words "all your savings" into an apartment without doing ample research as to who you're giving your money to??? I cannot fathom how normal people, who on any given day, wouldn't buy washing up powder without inspecting for leakages, or a used car without asking for a log book, would put down their entire life savings on a property without doing all the necessary checks first, just coz it happens to be in a "boom" city?
:ohno: What did you want anyone to say?

I am sure you have more experience than most in this sector, BUT you are repeating the same thing over and over again Naz! The reason for me starting this thread was to get some info on the developer, i know i may have made a mistake in going ahead with it BUT you telling me what i already know is NOT going to help me IS IT??!!

I want to know if anyone has heard of the developer and also would the experienced people on this forum only ever invest with developers who use escrow accounts? As ACW holding do not have one.

Anyone else willing to help, then please do reply.

OK, sorry for being repetitive and sorry for getting annoyed, but maybe its coz far too many people come on this forum saying the exact same thing as you. It beggars belief.

I am sure you have more experience than most in this sector, BUT you are repeating the same thing over and over again Naz! The reason for me starting this thread was to get some info on the developer, i know i may have made a mistake in going ahead with it BUT you telling me what i already know is NOT going to help me IS IT??!!

I want to know if anyone has heard of the developer and also would the experienced people on this forum only ever invest with developers who use escrow accounts? As ACW holding do not have one.

Anyone else willing to help, then please do reply.

The ESCROW law has only been a recent development...as such most (if not all) developers did not implement this previously..I guess experienced investors in the past would have and continue to consider the track record of the developer before committing cash .
I personally have purchased property only recently after researching the
market for about a year.
I have learnt :-
1.The dubai govt. is committed to protecting it's image as a safe haven for
investment in property..developers ,knowing this,will not easy swindle your money as they will face the full wrath of the law.
2.developments in newly designated area do take longer to get off the ground
due to firstly, delays in plot allocation and secondly work is hampered by
the limited infrastructure available
3.New or first time developers offer projects at discounted rates to market value (for obvious reasons) but because of their inexperience and lack of
project management skills long delays can be expected..but projects will
eventually be completed...Lots of these developers have diversified from
core businesses that do not have any link to the construction industry.

To set your mind at ease , you should ask ACW to provide proof that
they indeed own the plot .

Have opted to not go ahead with the Investment as the next contract says they can alter shape & size etc , then another contract is given 1/2 way though the build ! On the build date they cant even advise when this is even going to start - let alone finish.

Now going to look at the JLT area , any ideas what a 2bedroom appartment should actually cost .
:cheers:
Eck


Hi True
I'm going to the presentation in Birmingham in two weeks time. Can I ask are you happy with your contract ?? see post above from a while back, is yours the same ??
Also I've heard they're selling two developments, Hanover Square and Kensington Manor is this latter one the same development as this thread Knightsbridge Court - both names sound similar ??

Hi there!

No they are both different developments by ACW, the contract itself seems fine, I was just really worried that they dont have an escrow account and that they are very inexperienced to development, but having said that their prices are very cheap!!

Should I back out??!
Just dont know! Let me know what you think after you go to the exhibition in Birmingham, also fire out the escrow question to them and see what they answer back with! LET ME KNOW MATE!

Knightsbridge Court is a previous release, Kensington Manor is a new development release, although neither have been completed as of yet. I invested in Hanover Square, purely as an investment.

Does anyone know of how many small development companies in Dubai have previously gone bust?? Ive heard about the lighthouse in marina, any others?

Hi there!

No they are both different developments by ACW, the contract itself seems fine, I was just really worried that they dont have an escrow account and that they are very inexperienced to development, but having said that their prices are very cheap!!

Should I back out??!
Just dont know! Let me know what you think after you go to the exhibition in Birmingham, also fire out the escrow question to them and see what they answer back with! LET ME KNOW MATE!

Sure I'll let you know. I really wouldn't worry too much about ACW, I don't know much about them (yet) but Skcom seem a good sales agent, they were selling Iris Blue in the Marina and I doubt they would want to be associated with a cowboy outfit.

You'd be mental to back out now for no reason. However I wouldn't pay any further instalments until the escrow account is in place which should be the end of this year to comply with the new law. (If they start asking for more funds next year not covered by escrow then I'd certainly take a reality check before you go further). Somehow I don't think it will come to that and I'm sure you'll be fine. Looks a really good investment to me. I'll report back from the exhibition in a couple of weeks time.

Thanks mate! Hope to hear ur report from brum! Dont forget to post up on the forum of ur opinion!

They called me 2day in regards to some commercial units that they will be releasing at the end of Dec. I'll let you know more once I find out.

I went to the Birmingham show over the weekend and now report back. On a positive note the presentation seemed of good quality with nice brochures and incredibly detailed and well made models of the developements.There seemed to be about four projects but I was mainly concerned with looking at Hanover Square (5* hotel serviced apartment) and Kensington Manor (residential with an 8% rental guarantee for 2 years). Presentation was by Skycom and literature said that their "sister" company was ACW Holdings so presumably part of the same outfit.
I was more interested in Kensington Manor as I might move to Dubai in a few years time and hence might want to live in the property myself. I'm personally not too keen on serviced apartments as if the hotel returns are poor there is no exit stratergy, a poorly performing serviced apartment would be difficult to sell, but that's only my opinion of course.

Payments schedules are as follows:

Hanover Square
Reservation fee 5,000
Within 14 days 10%
Jan '08 15%
March'08 15%
June '08 10%
September '08 10%
December '08 10%
March'09 10%
Completion May'09 20%


Kensington Manor
Reservation fee 5,000
Within 14 days 10%
Jan '08 15%
March'08 15%
July'08 10%
October '08 10%
January'09 10%
Completion March'09 20%

Without going into too much detail developments both look very nice and well designed and I don't have any problems here.

I did however have some concerns and the sales staff seemed defensive when I tackled them on some points:

1. ACW is not yet RERA registered, no explanation given as to why. Also escrow account will not be in place until March next year. I could not get a straight answer as to why this was the case. Surely anybody selling a new project would want to be RERA registered with escrow in place now but seems not the case here. I wonder why ??

2. Completion dates seem to be way off the mark to me. Like 99% of developments in Dubai payments are not linked to construction progress and I guess investors will be 80% paid up for a long time before they see hand over of their properties.

3. Was told that "shoring" work had all been done on the Kensington Manor site and piling to commence later this month. I haven't visited JV but for all reports on SSC this would seem unlikely ?? Can anybody confirm this ??
They could not confirm which company had done the piling work, said they'd done it themselves. Also they said ACW are doing the construction as well !! But they use a supervsion company called Al Hawraa. Anybody heard of them ?? I really couldn't understand anything I was being told here.

4. A worrying statement was made when I asked about have safe the investment was given lack of RERA and escrow registration. Was told that nobody had ever lost any money on any project in Dubai. When I mentioned the Lighthouse project I was told I was wrong and that this was in Sharjah not the Marina. The guy still refuted this even when I told him I'd actually stood on the Lighthouse site in the Marina and saw it with my own eyes. He had very good knowledge of Dubai so I can only assume he was intentionally lying about it. We agreed to differ before we came to blows !! But I felt uneasy about this.

5. Does not appear that Hanover Square is to be run be a major hotel brand ie. Hilton, Hyatt etc. they have nobody signed up and was told that ACW would run it themselves. They acknowledged that they had not run a hotel before. So it's to be privately run and I was told similar to Golden Sands etc. I would have felt more comfortable had a major brand been signed up.

6. Finance has to be cash as per the schedule. No developers payment plan in place and no bank finance available. Would have felt more comfortable if a major bank had checked out the developer and was willing to provide mortgage finance which of course gives a buyer more confidence in the financial standing of the developer, but alas nothing here. So again a bit of a worry.

Overall very nice developments, good prices (which reflect the risk involved). Bit too risky for me though and I'd only consider investing here once RERA registered and escrow account in place.

^^Good Work Morris, good research for a change.:applause::applause:

Thanks Morris!!

Ive invested in the Hanover Square development and just paid my 1st installment, and I hope it works out well, no turning back for me now. I just hope it was a wise choice.

Thanks again for the report mate!

Hi True
I've no reason to believe it won't work our well and be a very profitable investment. Good luck,
Regards, Morris. :)

Thanks again mate! Just a quick question, any idea if there were many units left in hanover square at the brum exihibition?

No sorry didn't ask them about availability. There seemed a lot of interest and the presentation was very busy so I would guess they are selling well.:)

Dear ALL on this forum,

This message is from ACW Holdings Ltd the developers of Knightsbridge Court, Kensington Manor and Hanover Square.

We would be pleased to answer any questions or queries you may have either on the forum direct or via email to info@acwholdings.com

We would appreciate knowing who we are in communication with and would therefore request you indicate if you are a purchaser and if so in which project or you’re just interested in us and our future developments.

Either way we would be pleased to here from you.

Regards

THE ACW TEAM

Hi

hoping someone can help me! i went along to a property exhibition being held by SkyCom Investments/ACW holdings - and put some money into their Platinum One development. My understanding was that i would recieve a contract before payments became due but it seems they want me to pay the first part and then get a contract.

Is this normal in Dubai as they keep telling me?
Has anyone invested with them before?
As they have ESCROW and RERA do i have nothing to worry about?

Any advice would be really appreciated!!

Thanks in advance

hey guys

acw now has an escrow account in place..so thats good news.

Not sure about being RERA registered though..any updates?

Hi everyone,

Someone just private messaged me:

"I just thought i would inform you about ACW, my message was taken off with regards to ACW and the owner of the company. I did my research and found out the company was owned by Wasim Nazir, he was involved in a mobile phone scam in the UK and was investigated by the Daily Mirror and by Watchdog. Please see the attached link

http://www.mirror.co.uk/archive/2006...9520-17509891/

also check this link out

http://www.blagger.com/db4/company_i...ons-Group.html

Company was called Advanced Communications Warehouse (ACW) also the company in dubai was called Skycom Communications

Thought you should let everyone else know seen as though I have been banned from posting"


CAN ACW PLEASE RESPOND!!!!!!!!!!!!!! THIS IS VERY WORRYING!!!!!!!!!!

Ive just found something else on another forum:

http://www.uaepropertyforum.com/dubai-property/jumeirah-village/212-investing-knightsbridge-court-5.html



Can ACW PLEASE RESPOND TO THIS!!!

right... i think people need a little bit of enlightening. acw and skycom, both owned by Wasim Nazir.

He did have a company based in the UK providing off the page advertising and selling mobile phones, hats off to him, he did very well.

Early 2005, the company set up a call centre in dubai, 100 seater, decided they didnt want to pay cashback and more than likely sent the cashback due to customers to dubai.

im not too sure but the call centre ie outbound call centre operations stopped in 2005/2006, and skycom investments was established.

Since then the company, with the finances it took from its many thousands of customers is helping with its current dubai projects.

will he rip you guys off? probably not!! he made his money, and now i am guessing he is running a legitimate business.

right... i think people need a little bit of enlightening. acw and skycom, both owned by Wasim Nazir.

He did have a company based in the UK providing off the page advertising and selling mobile phones, hats off to him, he did very well.

Early 2005, the company set up a call centre in dubai, 100 seater, decided they didnt want to pay cashback and more than likely sent the cashback due to customers to dubai.

im not too sure but the call centre ie outbound call centre operations stopped in 2005/2006, and skycom investments was established.

Since then the company, with the finances it took from its many thousands of customers is helping with its current dubai projects.

will he rip you guys off? probably not!! he made his money, and now i am guessing he is running a legitimate business.

So you're acknowedging that Wasim Nazir was previously ripping people off and running an illegitimate business ??

So you're acknowedging that Wasim Nazir was previously ripping people off and running an illegitimate business ??

LOL good one Morris ! IMHO I wouldn't deal with any company that has any negative record.

Dear experienced and inexperienced investors!



I have bought a number of properties through ACW Holdings. Admittedly the delay’s in Jumierah village are frustrating, but if you look at the capital appreciation that has been achieved before building has even started you should be pleased. I have been investing in property for the last 10 years and most of my purchases go through a company called IPIN who vet developers with a fine tooth comb. Dubai is a massive project which obviously will experience some delays, welcome to the world of property investing.



I would like to make it very clear I have invested my money in products that have been screen and conform to all the required regulation in Dubai. With all of my property investments I allow time and I expect some surprises. Please do not devalue my investment with what sounds to be inexperience at best. I have some excellent market reports if anyone is interested in doing some due diligence on where they have put their money. Dubai is an amazing investment, if they had RERA in Europe when I first starting investing, well I probably would have slept better!

joe

well, im a property consultant also here in dubai and im selling properties in jumeirah village... well me either if i have the money i rather buy in jlt or marina..

but the things is, jumeirah village has not yet started. by the time this area start constrcuting their buildings and some establishments, you'll see the difference interms of appraisal value of your property..

Also this is UAE.. everthing can change. You cannot blame developer and real estate companies why some projects are delayed.. First you have to consider the people behind Land Regulation, the government, banks, and etc.. developer cannot proceed if of the papers has not been signed by one of the officials just because they're having a vacation or whatsoever. Im a real estate agent here but I also invest in real estate in other country. Thats why I know how is it to have an headache interms of investment. so far. hehehe

http://www.acwholdings.com/content/inthepress/46.jpg

Location: Jumeirah Village South, Dubai
Plot number: JVC13EMRP200
Total built up area: Approx. 97,345 sq ft
Number of apartments 135
Number of retail units: 0
Usage: Residential / Rental
Number of floors: G + 4
Launch date: January 2007
Possession: Mid 2010
Comprising: Studio, 1 bedroom and 2 bedroom apartments.

MAIN CONTRACTOR TO START IN JULY

June 25, 2009

The excavation works are progressing rapidly on Knightsbridge Court, with the site to be handed over to the Main Contractor within the next 3-4 weeks.

* Site to be handed over to Main Contractor within the next 3-4 weeks.
* Main excavation due to complete within the next 2 weeks.
* Shoring and Piling work 75% complete.

http://www.acwholdings.com/content/cupdates/projects/gallery/30/100_0481.jpg

August 4, 2009

As part of a conjoined plot, Knightsbridge Court progresses inline with Kensington Manor. Knightsbridge Court has officially completed the main excavation today and concludes the preparatory ‘enabling works’. The ground-works and excavation teams will now begin demobilisation to allow the Main Contractor to take formal control of the site for the construction of the building.

* Main excavation complete
* Ground-works and excavation contractor demobilising
* Main contractor to take over the site within the next 5 days to start construction of the building


http://www.acwholdings.com/content/cupdates/projects/gallery/40/100_0586.jpg

http://www.acwholdings.com/content/cupdates/projects/gallery/40/100_0587.jpg

http://www.acwholdings.com/content/cupdates/projects/gallery/40/100_0567.jpg


http://www.acwholdings.com/construction/home.php?prjID=2&year=2009&month=August

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Hi,

For anyone that is an investor in Platinum One or any other ACW project and has CONCERNS LIKE SO MANY OF US, there is an investor group of 150+ investors and growing everyday.

The group has done a lot of research and can be found at:

http://groups.google.com/group/acwinvestors

Kind Regards,