Don't think that totally true TB , some features yes but not "all" - must admit
I liked the curved elemenets top and bottom on the POINT and that has gone

I will ask SP about the TORCH element because that is integral to the DESIGN of TT

Remember the sun dial of Timeplace, that was integral to the DESIGN.:)

Remember the sun dial of Timeplace, that was integral to the DESIGN.:)

Ouch, you B*** :lol:

I'm being quoted £16k for a 2 bed Marina facing apartment, in weeks 15 and 16 (Easter hols). Is this too high? Did you get a lawyer or solicitor involved or are you happy that Select are all above board?

I paid £9K for each two weeks of a one bed, "marina view" (opposite side to the beach). Got the same apartment for four weeks in a row, for the whole of February; this includes shopping week and lots of things people want to come for, including half term. Got 5% knocked off a third, facing the sea.

I was happy with it, because the money was deposited with a company of (well respected) trustees - can't remember who, without looking at my records. I reckoned that the worst that could happen would be the whole thing failing, and having to get all my money back with no interest.

I looked at the two bedroomed ones, but decided that I would get a better return on two x one bedroomed. The one bedroomed are meant to have two bed settees in the living room.

I'm being quoted £16k for a 2 bed Marina facing apartment, in weeks 15 and 16 (Easter hols). Is this too high? Did you get a lawyer or solicitor involved or are you happy that Select are all above board?

No wonder they are selling fractional ownership. I don´t know if you mean it´s 8k for each week or 16k. If it´s 8k they will get 416,000k for an apartment and if it´s 16k, which I think it is they will get 832,000k for the 52 weeks.

A general question:

whan projects are cancelled like the Damac Heights or the very big plot which is just behind Infinity Tower along the canal side, do they plan to put something instead of the buildings (like parks for example) or do they let them like that with nothing on tham?

In a city like Dubai, I think building some parks on cancelled projects sites could be a good thing because it would allow inhabitants to see some green areas

Depends on the economy but I wish that the plot in front of the Torch was converted to a park of some sort rather than a giant sandpit. There is not much chance in the next 3 years that there would be enough investors to fund another super tall there.

http://i39.tinypic.com/cp634.jpg

A general question:

whan projects are cancelled like the Damac Heights or the very big plot which is just behind Infinity Tower along the canal side, do they plan to put something instead of the buildings (like parks for example) or do they let them like that with nothing on tham?

In a city like Dubai, I think building some parks on cancelled projects sites could be a good thing because it would allow inhabitants to see some green areas

The land costs to much so where ever there is space around the Marina there will be always be towers, its just when??

They will probably start construction just after we have take over our apartments?

^^ I very much doubt they could even start construction there for another 3 years yet. I am concerned however about living with a sand pit for a front garden. Even accessing marina walk is a problem with that fenced off area there.

^^ I very much doubt they could even start construction there for another 3 years yet. I am concerned however about living with a sand pit for a front garden. Even accessing marina walk is a problem with that fenced off area there.

i doubt if they will ever consider constructing at all.who will buy the apartments.:ohno:

http://i40.tinypic.com/2cxf6rk.jpg

Site looks busy this morning. Not looking too good for those expecting a refund in June with the dirham as 5.61 today.

^^ How can you tell? Is the Torch in the above photo?

Because 40mins ago I was stood outside. What you a policeman aswell now?

A bit touchy aren’t we? Sounded like a reasonable enough question to ask as I could not see the Torch in the photo and you did not say that you were there :dunno:

Ocean HEIGHTS in th epicture is really starting to take shape (and lean over) will be amazing when finished

Does anyone know if it's ok to just walk into the land dept and pay the land registration, without an appointment?

^^ I don't think you can do that as Select have to also pay 1% at the same time as your payment.

^^ I don't think you can do that as Select have to also pay 1% at the same time as your payment.

Well Selecty in the U.K. said we just need to make an appointment. Does anyone have a good way to contact the land dept?

Yes just walk in, go up to the second floor, and tell them that you want to pay your 1% no appointment needed.

Google land Dept, its by the \Hilton Deira.

Alan

Not much updates coming from Select regarding progress and not much posted on their web sites for April and May. Just wanted to say thanks to all here who post pictures / feedback.

Can anyone tell how are we looking today ? What floor are we currently on ?

7th may

http://farm4.static.flickr.com/3363/3530881198_a06b7aa8c4_b.jpg

Yes just walk in, go up to the second floor, and tell them that you want to pay your 1% no appointment needed.

Google land Dept, its by the \Hilton Deira.

Alan

That is really good news.

We bought flights with the £700 that Select wants to charge us for processing the registration fee. We plan to walk in to the land dept. in Dubai and pay it, thereby avoiding the Select charge. Select does not deserve that money. We did not pay 8 months ago when they seemed to demand the money. Those who did had to wait 8 months before the money was 'processed' by that strange company 'Select Developments' (certainly it is not the developer Torch Select Ltd.)

Does anyone see a flaw in our reasoning, i.e. don't pay the 'special' fee to Select, buy airlines tickets instead with this money, have a holiday in Dubai, and pay the registration fee direct to the land dept. when you are there?

What documents do we need?

That is really good news.

We bought flights with the £700 that Select wants to charge us for processing the registration fee. We plan to walk in to the land dept. in Dubai and pay it, thereby avoiding the Select charge. Select does not deserve that money. We did not pay 8 months ago when they seemed to demand the money. Those who did had to wait 8 months before the money was 'processed' by that strange company 'Select Developments' (certainly it is not the developer Torch Select Ltd.)

Does anyone see a flaw in our reasoning, i.e. don't pay the 'special' fee to Select, buy airlines tickets instead with this money, have a holiday in Dubai, and pay the registration fee direct to the land dept. when you are there?

What documents do we need?

If it makes you happy then I'm sure everyone here is very happy for you. Enjoy your airline tickets and enjoy your trip to Dubai. I'm sure the Land Department will be sooo pleased to make your acquaintance and receive your payment. I'm convinced you did the right thing and people like me did the wrong thing.

Now, - can we stop hearing about it!

If it makes you happy then I'm sure everyone here is very happy for you. Enjoy your airline tickets and enjoy your trip to Dubai. I'm sure the Land Department will be sooo pleased to make your acquaintance and receive your payment. I'm convinced you did the right thing and people like me did the wrong thing.

Now, - can we stop hearing about it!

OK skip that if you wish.

We're in the mood to buy gold jewellery. Any advice on how not to get ripped off? where to go?

A Jewellery shop would be where I'd go !!! :gaah:

A Jewellery shop would be where I'd go !!! :gaah:

Not the Souk?

Scoob you mention WE and quote £700 so I take it you travel economy, the jewellery to suit you will probably be found at the Karama, have fun.

Not the Souk?

Hit the gold and diamond park, near Mall of Emirates, negotiate hard though !!!! Seriously, let us know how you get on at the land dept. Oh, and remember to take and post some pics of the torch, and try to get inside and snap away.

Scoob you mention WE and quote £700 so I take it you travel economy, the jewellery to suit you will probably be found at the Karama, have fun.

We're staying at The RM, Jumeirah Beach. Someone said the Souk is 35km from there...what's the matter with you guys are you all super rich?

Hit the gold and diamond park, near Mall of Emirates, negotiate hard though !!!! Seriously, let us know how you get on at the land dept. Oh, and remember to take and post some pics of the torch, and try to get inside and snap away.

Sorry I didn't see this in time. How do you know it's genuine?

Toys will be out the pram when you get the bill for a club sandwich and a beer by the pool then. It aint 35km its a tenner in a cab.

Sorry I didn't see this in time. How do negotiate? how do you know it's genuine?


Diamonds are certified usually in Antwerp. Dont buy anything smaller than an ice cube or people will take the piss. I got some pics from shower and bathroom in the torch how do you load them?

Diamonds are certified usually in Antwerp. Dont buy anything smaller than an ice cube or people will take the piss. I got some pics from shower and bathroom in the torch how do you load them?

To upload use www.tinypic.com, pretty easy to follow.
Man your Diamond advice has just cost scooby a small country or perhaps an Island on The World. :lol:

Diamonds are certified usually in Antwerp. Dont buy anything smaller than an ice cube or people will take the piss. I got some pics from shower and bathroom in the torch how do you load them?

I suggest loading them high? what if that doesn't work?

Toys will be out the pram when you get the bill for a club sandwich and a beer by the pool then. It aint 35km its a tenner in a cab.

LOL, At RM its a bit cheaper around 5 o'clock at the poll bar but you have to endure those 3 guitarists, I'd pay more than double not to be musically punished. :lol:

That is really good news.

We bought flights with the £700 that Select wants to charge us for processing the registration fee. We plan to walk in to the land dept. in Dubai and pay it, thereby avoiding the Select charge. Select does not deserve that money. We did not pay 8 months ago when they seemed to demand the money. Those who did had to wait 8 months before the money was 'processed' by that strange company 'Select Developments' (certainly it is not the developer Torch Select Ltd.)

Does anyone see a flaw in our reasoning, i.e. don't pay the 'special' fee to Select, buy airlines tickets instead with this money, have a holiday in Dubai, and pay the registration fee direct to the land dept. when you are there?

What documents do we need?

I went there because Trident, I now live in the Oceanic tower, I see the Torch being built from every window in my home, and it is racing ahead of its neighbours, I dont know how, because I never see more than half a dozen workers on it, compared to Infinity which is swarming with them, anyway Trident where asking 5000 dirhams to release the title deeds, apparently they can ask for it, so £700 doesn't seem bad, but they also wanted 2% which we all know is not on, so I took my Notice of Completion, my SPA, my Passport, my money, and went to pay my half, which they accepted, and gave me a reciept, from the Lands department, as an afterthought, I asked about my two Torch purchases, and he confirmed it had been registered, and gave me the receipts for them as well, it doesn't matter at all when you paid it, the developer has to pay his 1% and the building completed before Title deeds can be issued.

I am not sure what you will need, probably your contract, and passport, they always want copies of everything, they are a friendly bunch, and it is very informal, no appointments, just go along and asked.

ALan

I suggest loading them high? what if that doesn't work?

Confused.com ?? you will be !!

To upload use www.tinypic.com, pretty easy to follow.
Man your Diamond advice has just cost scooby a small country or perhaps an Island on The World. :lol:

This is very exciting for us. We expect all our friends on the forum to help us, our visit to Dubai.

I'm not sure if Charlie Big Poratoes is the local station chief, or an ex-plantation owner. If so we'll gladly meet, maybe one, not the other (both).

I went there because Trident, I now live in the Oceanic tower, I see the Torch being built from every window in my home, and it is racing ahead of its neighbours, I dont know how, because I never see more than half a dozen workers on it, compared to Infinity which is swarming with them, anyway Trident where asking 5000 dirhams to release the title deeds, apparently they can ask for it, so £700 doesn't seem bad, but they also wanted 2% which we all know is not on, so I took my Notice of Completion, my SPA, my Passport, my money, and went to pay my half, which they accepted, and gave me a reciept, from the Lands department, as an afterthought, I asked about my two Torch purchases, and he confirmed it had been registered, and gave me the receipts for them as well, it doesn't matter at all when you paid it, the developer has to pay his 1% and the building completed before Title deeds can be issued.

I am not sure what you will need, probably your contract, and passport, they always want copies of everything, they are a friendly bunch, and it is very informal, no appointments, just go along and asked.

ALan

OK really appreciate this. Everyone else is trying to confuse us especially Select, so many confusing emails, faxes etc.

I will gladly let you all know the outcome (as Jeffers requested). We will take some photos if we can learn how to use a camera :lol:

The more information you can provide us the better. We're heading off next weekend.

OK really appreciate this. Everyone else is trying to confuse us especially Select, so many confusing emails, faxes etc.

I will gladly let you all know the outcome (as Jeffers requested). We will take some photos if we can learn how to use a camera :lol:

The more information you can provide us the better. We're heading off next weekend.
Scoob - so just to clarify the "Qoood" fee that SP is quoting doesn't exist then it is just an SP charge not a RERA charge ?

Scoob - so just to clarify the "Qoood" fee that SP is quoting doesn't exist then it is just an SP charge not a RERA charge ?

Qoood fee is just 1000 AED, but this is included in the 3000 Select fee.

Qoood fee is just 1000 AED, but this is included in the 3000 Select fee.

So we don't need to pay any of these fees if we just 'pop in' and pay?

This is very exciting for us. We expect all our friends on the forum to help us, our visit to Dubai.

I'm not sure if Charlie Big Poratoes is the local station chief, or an ex-plantation owner. If so we'll gladly meet, maybe one, not the other (both).

Scoobudubai have you been on the sherbert, whats a poratoe? Happy to meet you assuming you have sobered up:cheers: When will you be in Dubai?

This is very exciting for us. We expect all our friends on the forum to help us, our visit to Dubai.

I'm not sure if Charlie Big Poratoes is the local station chief, or an ex-plantation owner. If so we'll gladly meet, maybe one, not the other (both).

:lol: Scoobu you are a facinating character, I can't quite work you out. But we will help. Have you not been to Dubai before?

http://i41.tinypic.com/f0xbol.jpg

May 10

Hey Dubai Steve,

Thanks for the updates by way of towers progress - Were you sure that The Princess Tower was at 60 and 51? It looks like 58 and 48 to me. Thanks. Please advise. It's important to me. Might bump in to you soon.

15/May/2009

The Torch

http://i44.tinypic.com/fvh8vc.jpg

http://i39.tinypic.com/2d11xsh.jpg

http://i41.tinypic.com/1t0g7p.jpg

http://i40.tinypic.com/350pa28.jpg

http://i41.tinypic.com/2125pfm.jpg

Dubai Steve

Are you sure about the Princess Tower reaching the 60th and 51st Floors? This is from the Towers progress post. Simple question. Please just answer this simple question, if it's not too much trouble for you. If it is too much trouble for you could you even simply say that you're don’t intend to clarify? It's very important that accurate information is posted, otherwise there's no point in posting at all unless misinformation is the intent. Sorry, but I would just like clarification. A non-response will also speak volumes in this particular situation. You’re above that though, right?

Hi Dubai-sail, sorry I don't know the answer to your question for sure. I think you mean the tallest tower diagram that I posted. I only copied that here from a post in another thread, but I think it is probably accurate as the guy who makes these diagrams knows his stuff.

Is this taller than marina pinnacle now?

Thanks for that Dubai Steve.Yes that's the post I was referring to. I think the floor under construction is around the 50th, and the 59th floor of the core is currently under construction. This observation is based on a new picture posted on to The Princess Tower thread by Imre Solt. I'll take a trip to the marina myself next week and confirm. Looks like construction rate is improving.

malec - Looks like it's getting close to the height of The Marina Pinnacle. Perhaps around 10 metres in it at this stage, but it is catching up. You can judge for yourself from the lastest pictures posted on the Tallest Block thread.

Had a quick look back at Imre's pics (many thanks m8, you're defo the star of SSC) from 14th April, versus 15th May.

Gone up between 6 and 7 floors in a month, between 4.5 and 5 days per floor average.

That's pretty good average progress in my opinion. Hope they can keep that up for the next 4 months. Should be at the top by around 15th September (2009!).

Cladding could do with catching up a bit. I notice some insides are decorated but no windows fitted - hope they don't get a storm again!! Anyone know whether this is common practice over there?

The Torch

Scoob you mention WE and quote £700 so I take it you travel economy, the jewellery to suit you will probably be found at the Karama, have fun.

Was that really neccessary? :ohno:

Cladding could do with catching up a bit. I notice some insides are decorated but no windows fitted - hope they don't get a storm again!! Anyone know whether this is common practice over there?

The Torch

More of a Developer/Contractor preference basically just down to speed and a way to reduce build time. Along with man power I.e. if they’ve got a larger man power they can have 2 teams one doing the internal fit out the other focusing on topping the building out.

Cladding isn't a problem. Now that the Point is near to completion the team will shift to the Torch site.

5.67 the margins are looking less and less favourable for those looking at a refund here now and with progress continuing at a good rate and the chance of anything going up in front for a good few years, must be a safe bet to stay in now.

20/May/2009

The Torch

http://i43.tinypic.com/vcth7t.jpg

http://i40.tinypic.com/28iw5cn.jpg

http://i39.tinypic.com/118qefr.jpg

http://i40.tinypic.com/f4fuh4.jpg

http://i43.tinypic.com/15np37l.jpg

Has anyone recieved the request for the next LLP due June 1st yet ? All seems to have gone rather quiet at Select Property at ther moment !

Has anyone recieved the request for the next LLP due June 1st yet ? All seems to have gone rather quiet at Select Property at ther moment !

Only via emails. Worth booking funds at the moment though !

Only via emails. Worth booking funds at the moment though !wait it will be $1.60 by July

wait it will be $1.60 by July

They will be a month late if they hold of until July though, then Select will have to start treatening.. I was talking about booking just June money..:)

They will be a month late if they hold of until July though, then Select will have to start treatening.. I was talking about booking just June money..:)
Actually,revixe that---- it could be $1.60 by June at this rate - $1.578 tonight ---amazing recovery this week

The slipform of the core of the Torch is now at floor 66 and the floor slab is up to floor 63. This represents 75% of the structure now complete, which for me at least is an excellent milestone.

Whilst I understand the disappointment held by many early investors, we can at least be happy that we are now on the home straight. This tower should now reach it’s final floor height by October and maybe top out including the light feature by the end of the year.

As I understand it, the cladding operatives from the Point will be joining the party on the Torch to accelerate the process.

The next big milestone is not far away. Emirates Crown (the current highest building in the Marina), is 64 floors plus the roof feature which looks about 4 floors in height. So once the Torch reaches floor 68/70 floors it will be the highest building in Dubai Marina.

Here’s to the Torch being the tallest structure in the Marina.


http://www.skyscrapercity.com/showpost.php?p=36797750&postcount=133

You can just see the 64th floorplate being prepared these floors are now on a par with the roof of the Harbour Hotel.

http://i40.tinypic.com/24gkkmf.jpg

Might as well stick it here too:

http://gerald.d.googlepages.com/torchtestpano.JPG

You da man.

Thanks gerald..................................:cheers::cheers::cheers:

You da man.

Thanks gerald..................................:cheers::cheers::cheers:

Stiil hoping they run of money on PT :lol::lol:

Has anyone recieved the request for the next LLP due June 1st yet ? All seems to have gone rather quiet at Select Property at ther moment !

We haven't even had a receipt for the last payment yet despite sending numerous requests, and now the next payment is due!

Possibly they are a) on reduced staff levels b) about to go bankrupt c) they want you to be late so they can claim you have not upheld the terms of your contract etc.

Does anyone know how to bring £4000 into Dubai to pay the land dept? what's the best deal?

We just spotted that Emirates expect us to show up at least 3 hours before the flight, is this rubbish?

Send it in used notes to the swiss account I sent you in the PM I will sort it for you. just relax:lol:

No serious, just keep it in your sky and 3 hours thats a bit boring. Dont leave it less than 2. Have you been on a plane? Get a seat at the back as far as possible, cant remember the last time I heard about one reversing into a mountain at 600 miles per hour.

Enjoy your trip scobby, look forward to some internal pictures of your torch appt.

I am not sure Dubai is ready for you.

Does anyone know how to bring £4000 into Dubai to pay the land dept? what's the best deal?

We just spotted that Emirates expect us to show up at least 3 hours before the flight, is this rubbish?

Change it in Dubai not at the airport.

Torch will soon be "69". Ofcourse I mean the floor level!!??

Send it in used notes to the swiss account I sent you in the PM I will sort it for you. just relax:lol:

No serious, just keep it in your sky and 3 hours thats a bit boring. Dont leave it less than 2. Have you been on a plane? Get a seat at the back as far as possible, cant remember the last time I heard about one reversing into a mountain at 600 miles per hour.

Enjoy your trip scobby, look forward to some internal pictures of your torch appt.

I am not sure Dubai is ready for you.


Thanks Mr. Charlie Big Poratoes, would like to meet up but it's going to be a very short visit, 2 days....was trying to figure out our plan, if we could do it. Anyhow, the RM it is. I hear it's nice and sunny in Dubai this weekend.

Hoop it

:lol::lol::lol::lol:

Does anyone know how to bring £4000 into Dubai to pay the land dept? what's the best deal?

We just spotted that Emirates expect us to show up at least 3 hours before the flight, is this rubbish?

Scoopy;
You better leave that shit you smoke behind or you might not return. :bash:

Thanks Mr. Charlie Big Poratoes, would like to meet up but it's going to be a very short visit, 2 days....was trying to figure out our plan, if we could do it. Anyhow, the RM it is. I hear it's nice and sunny in Dubai this weekend.

Yes Scooby it will take you a day to get to the land dept and back from the Marina and BTW make sure you have a taxi ordered to get outa there i took an hour to get one last time !! enjoy

RM is cool (go to the carvery brilliant !) but nothing beats GH - CBP will tell you that !

I think the limt to take money out is £3k in cshh so just check that out first I may be wrong

We haven't even had a receipt for the last payment yet despite sending numerous requests, and now the next payment is due!

Possibly they are a) on reduced staff levels b) about to go bankrupt c) they want you to be late so they can claim you have not upheld the terms of your contract etc.

I think I agree with you, I was suspecting a) or c) also. I made sure I made the June payment in time in case I still go for the refund option.

Scooby, best rates for exchange are in the Local Banks, or there is a couple of places in the Malls, someone will tell me different, but not the Airport, in London or Dubai, and not your hotel either, probably the Pakistani cab driver might cut you a deal, I walked in with ten large and a monkey, (no not a primate) CBP knows what I am on about, and no one cares, your meant to spend it here not take it home, and I paid cash for my torch units, I think it's 48000 per unit they will accept, and go to the Cascade Restaurant at the Fairmont Hotel, the Buffet at Lunchtime, is a bit special especially those desserts.

The Torch, which you all know I can see from every bloody room in my home, has been struck by the Paul Daniels affect, there's no one working there and its going up like Magic

CBP, are you an owner in MS, if you are can you pm me please, or pop round for a cuppa and Bacon and Egg Sandwich.

Alan

Jeez..just a quick question peeps, if many of you go for full refunds (plus interest), who is gona buy up the resale units? And even if they all sell again, at current prices, surely Select would be losing a lot of money, since their costs were fixed from day 1, and presumably, that means they didnt enjoy the recent contract renegotiation that went on with developers who didnt fix costs... just a thought...

5.67 the margins are looking less and less favourable for those looking at a refund here now and with progress continuing at a good rate and the chance of anything going up in front for a good few years, must be a safe bet to stay in now.





The margins are now 5.8AED FOR 1GBP.

Jeez..just a quick question peeps, if many of you go for full refunds (plus interest), who is gona buy up the resale units? And even if they all sell again, at current prices, surely Select would be losing a lot of money, since their costs were fixed from day 1, and presumably, that means they didnt enjoy the recent contract renegotiation that went on with developers who didnt fix costs... just a thought...

Well here's what I suspect will happen... IF they have the cash available to honour the refund clause. The units we hand back will be offered to people who reserved in more recent projects at much higher prices that, realistically, won't be going ahead (though officially aren't yet cancelled).

Imagine you reserved in West Avenue at 2500 psf last year, and have paid 30 percent (around AED 850). You'd rather not write off that money but there's no way you're paying another 1650 psf to complete when you can buy finished units for half that now. Plus you'd have to ask whether it will ever be built. If SP rocked up and said 'give us another 150 psf and in nine months' time [really two years, but that's still much better than the alternative] this lovely Torch unit will be yours' you'd be mad not to take them up on it.

Those of us whose Torch units should have been delivered last year will cascade to distressed completed units, those whose projects 'should' have been completed in a couple of years' time will take our apartments and the developer will be left with some overpriced, undeveloped land. Question is, will the Dubai government do the right thing and fund the master developers, Emaar in this case, to repurchase those sites, with a view to releasing them again when the economy upturns?

Well here's what I suspect will happen... IF they have the cash available to honour the refund clause. The units we hand back will be offered to people who reserved in more recent projects at much higher prices that, realistically, won't be going ahead (though officially aren't yet cancelled).

Imagine you reserved in West Avenue at 2500 psf last year, and have paid 30 percent (around AED 850). You'd rather not write off that money but there's no way you're paying another 1650 psf to complete when you can buy finished units for half that now. Plus you'd have to ask whether it will ever be built. If SP rocked up and said 'give us another 150 psf and in nine months' time [really two years, but that's still much better than the alternative] this lovely Torch unit will be yours' you'd be mad not to take them up on it.

Those of us whose Torch units should have been delivered last year will cascade to distressed completed units, those whose projects 'should' have been completed in a couple of years' time will take our apartments and the developer will be left with some overpriced, undeveloped land. Question is, will the Dubai government do the right thing and fund the master developers, Emaar in this case, to repurchase those sites, with a view to releasing them again when the economy upturns?

Mistermark ,for once I find myself agreeing with you in the scenarios you outlined that is a "win win" all round,although I doubt whether there were enough West Avenue investors orginally to "mop up" TT units ?

All in all a good solution , but don't think the govt would fund Emaar anymore ?

REAL WORLD REAL WORLD GET IN THE REAL WORLD YOU WILL NOT GET A REFUND. 22 MAY 2009

REAL WORLD REAL WORLD GET IN THE REAL WORLD YOU WILL NOT GET A REFUND. 22 MAY 2009

I have to agree CBP but they can hope I guess and if MISTERMARK scenario worked that would be good for all

BTW -- I hear SPURS may offer a refund to season ticket holders for last year is that true ??

22/May/2009

The Torch

http://i41.tinypic.com/21j126d.jpg

http://i41.tinypic.com/vo3l11.jpg

http://i43.tinypic.com/28c3pq9.jpg

http://i44.tinypic.com/2qwfl6u.jpg

http://i43.tinypic.com/n4gv4i.jpg

Starting on the 64th. Good going.

Not bad progress on the cladding either. Looking good now overall.

Daily Telegraph - 22nd May 2009


"Britons face losing savings as Dubai property market collapses.

Britons who invested hundreds of thousands of pounds in unbuilt property during Dubai's boom years face losing the money after a collapse in the market.

An 800-strong group of investors, from individuals who put deposits on holiday flats to property brokers, says hundreds of millions of pounds is at risk.

Work has slowed or stopped on swathes of building sites, including on a second "Palm Island". The city was planning a series of artificial peninsulas in the shape of palm trees packed with seafront holiday villas, but only one is finished.

Of all the world's property crashes, Dubai's has been among the most spectacular. According to an estimate from Morgan Stanley, projects worth £165 billion have been delayed or cancelled across the United Arab Emirates. Prices in Dubai have fallen by more than 40 per cent since September.

As prices soared, many investors bought off-plan, either because it was cheaper, in the case of small-time buyers looking for a home in the sun, or because they could "flip" or sell on for a quick profit without ever having to pay the full value.

Investors on the end of a chain of "flippers" have been hit particularly hard as prices fell while building was put on hold. But even those who bought from developers now face the dilemma of whether to keep paying or cut their losses.

The situation has been made worse by local authorities which are revising rules on repaying money for property bought "off-plan" which could mean investors cannot get their full investment back.

Adam Tordoff, a self-employed businessman from Sheffield, has already used his life savings to pay £150,000 towards a £500,000 villa and is facing demands for further instalments even though it has not been built. "We just want to get our money back and get out of it," he said. "The next best thing would be to have something actually built rather than the money going into thin air."

Nick Jasani, from St Albans, bought two shops off-plan as an investment, paying a deposit of £100,000. He believes there is little chance of them being built but the project has not been cancelled enabling him to reclaim his money. "I am totally fed up," he said. He has written to the British government asking it to intervene.

The Dubai Real Estate Regulatory Authority has drafted new rules under which investors who pull out of contracts are refunded on a sliding scale, depending on how much has been built. But developers are still entitled to 30 per cent of the money paid even if nothing has been built at all, giving them an incentive to claim projects are still viable.

Nigel Knight, a spokesman for the investors' group, said its members had bought property valued at around £1 billion, of which almost a fifth had already been paid over. RERA is preparing further revisions. It may also order 27 projects to be cancelled with full refunds – if the money is left. In some cases, deposits were used to buy the land, a practice now banned, while Mr Knight alleges some developers were using money paid down for one development to buy land for new projects. RERA did not reply to questions but Alexis Waller, a lawyer at the Dubai offices of legal firm Clyde and Co, said it was trying to strike a balance between developers and purchasers. She said many investors signed contracts which did not specify what would be built when. By law developers have to start work within six months of registering projects, but many investors signed contracts obliging them to keep up instalments even if developers failed to do so. "Investors signed up to payment schedules that were in no way linked to milestones," she said. "That's how the market worked here, and purchasers didn't query it because they were making so much money from property. It's become an issue because they are no longer making money." "

Tell us something we don't know why don't you !
It's not all doom and gloom really except if you bought from 2nd qtr 2008 and over extended
Telegraph back to usual business now they've sorted out the MP'S
At least wehaven't heard the "R" word for couple of weeks !
Just hope they don't investigate The TORCH thread next !

Just hope they don't investigate The TORCH thread next !

That depends on what happens after 30 June...

Or more generally, what happens the beginning of autumn (post Ramadan) this year.

Not bad progress on the cladding either. Looking good now overall.

Just looking at the Torch from our balcony last night, very quiet indeed, and dark too. This morning after a monster brekky, the cranes on the top seem to have swivelled a bit each time I look out...otherwise looks very quiet. I'm gonna head over later and see if I can get some summer work, not sure if a visa is required?

Or more generally, what happens the beginning of autumn (post Ramadan) this year.

In the UK the leaves on the trees will turn a wonderful golden brown before they fall, in Dubai we will be sat on the pool deck, large G&T watching the big world turn around the AWARD WINNING Yatch CLUB. The likes of Adam took a punt and lost, thats life and its the same for the hundreds who are overstreched.

Oh and the UK football season will of kicked off so we can all get ripped off of our life savings for a couple of pints at The Hilton. 3 points today Spurs.

Just looking at the Torch from our balcony last night, very quiet indeed, and dark too.

Yeah i suspect they are still on the 10th floor annd have installed a giant hollagram just to fool us.

Just looking at the Torch from our balcony last night, very quiet indeed, and dark too. This morning after a monster brekky, the cranes on the top seem to have swivelled a bit each time I look out...otherwise looks very quiet. I'm gonna head over later and see if I can get some summer work, not sure if a visa is required?

So Scoobydoo you survived the flight then. You will find that darkness is not only common to Pontefract thats why the appts are kitted with the electric light. Sorry mate you ask for it......

Hope you are having a blast, get over to Frankies tonight for a meal, you will love it. Internal pics of TT if you can.

Just looking at the Torch from our balcony last night, very quiet indeed, and dark too. This morning after a monster brekky, the cranes on the top seem to have swivelled a bit each time I look out...otherwise looks very quiet. I'm gonna head over later and see if I can get some summer work, not sure if a visa is required?

Err, you seem to be surprised that there's little construction work going on on a Friday night??

Just looked out my window. Plenty of people wandering about on the top floor at the moment.

^^

gerald, it's ok scoobs has issues.

Here ya go scoobu, give em a ring, things aint so bad.

http://i42.tinypic.com/f2vuas.jpg

Err, you seem to be surprised that there's little construction work going on on a Friday night??

Just looked out my window. Plenty of people wandering about on the top floor at the moment.

OK it wasn't really Fri nite, it was 3am this morning.
Not high enough to see the ants.

Back from a swim along the coast, fantastic. Just had a look inside the minibar, the whickey at the top of the pricelist is 48AED...I think that's about £1, so who said the RM was expensive? !!

OK it wasn't really Fri nite, it was 3am this morning.
Not high enough to see the ants.

Back from a swim along the coast, fantastic. Just had a look inside the minibar, the whickey at the top of the pricelist is 48AED...I think that's about £1, so who said the RM was expensive? !!

48Dhs for 1£, have things gone that bad in Dubai :lol: Go on have a few drinks, its only £1 a drink. :)

Scoobydoo you must have your whisky goggles on. Cant be 48dhs from the minibar, read again. Wheres the pics man.

48Dhs for 1£, have things gone that bad in Dubai :lol: Go on have a few drinks, its only £1 a drink. :)


Now now Mackie, tell him the truth, he really needs to know, otherwise he's going to have one hell of a credit card bill shock when he gets back !!!

48Dhs = £1 - start buying up property now !! :)

The Torch

^^

gerald, it's ok scoobs has issues.

Here ya go scoobu, give em a ring, things aint so bad.

http://i42.tinypic.com/f2vuas.jpg


I cant beleive the Samaritans has email. I suppose you can leave them your suicide note, Dear Samaritans, I tried to phone last night but your lines where busy, it must have been all those poor sods who invested in Dubai trying to call, so as I couldnt reach you, by the time you get this it will be all over, and the last straw would be his email bouncing. "Delivery has Failed"

Al

I cant beleive the Samaritans has email. I suppose you can leave them your suicide note, Dear Samaritans, I tried to phone last night but your lines where busy, it must have been all those poor sods who invested in Dubai trying to call, so as I couldnt reach you, by the time you get this it will be all over, and the last straw would be his email bouncing. "Delivery has Failed"

Al

Thanks everyone, as they say, Sam's the man!

Just been to Frankies, have to say excellent venue great food prices fantastic, enjoyed the piano bar music...Pinot Grigio bottle came in at around £4.50 I think, incredible value compared to London! (just 230AED), was that you I saw CBP? striped shirt at 9:30? hic

Thanks everyone, as they say, Sam's the man!

Just been to Frankies, have to say excellent venue great food prices fantastic, enjoyed the piano bar music...Pinot Grigio bottle came in at around £4.50 I think, incredible value compared to London! (just 230AED), was that you I saw CBP? striped shirt at 9:30? hic


Scoob not me Im not in Dubai, may of been George Clooney, he doubles as me at the weekends. Scoob do the maths, you are def getting it wrong. Even Pinot cant be £4.50 a bottle in Frankies.

Scoob not me Im not in Dubai, may of been George Clooney, he doubles as me at the weekends. Scoob do the maths, you are def getting it wrong. Even Pinot cant be £4.50 a bottle in Frankies.
He means 450 dirhams - Blood hell don't fancy your credit card bill in June Scoobs

230AED => £45 ish..............oops!

Typical drunken night in Dubai thought you spent £100 and later find out it was £1,000.:eek:

:laugh:

Scoob you seem to have gone quiet! Was your calculations wrong?

Scoob you seem to have gone quiet! Was your calculations wrong?

OK forget the hangover, and maths.

What an adventure we're having here, great fun. As some of you know we were prompted to come here when we received a demand for the land reg payment and a 3000AED fee payable to Select Developments Ltd. Well we took a £10 taxi over to the land department this morning (about 30km, away), and boy, what a huge surprise we had when we went in to discuss payment.

to be continued.....

Pinot Grigio was cheap!

The decimal point in the wrong place.:lol:

to be continued.....

Waiting............:)

Waiting............:)

There's a punch line coming from Scooby and I think I've worked it out.

But I won't spoil his moment, now that he has us all on the hook :)

Go for it Scooby, show us the light.

The Torch

There's a punch line coming from Scooby and I think I've worked it out.

But I won't spoil his moment, now that he has us all on the hook :)

Go for it Scooby, show us the light.

The Torch

Well I'm knackered now, time for forty winks. Sorry (I feel like Mackie now). Have to get up early for my swim along the Dubai Marina coast before our flight, god it's great here, Allah Akbar. Back in London tmw evening.

I guarantee my news will be a -total- shock for some if not all.

Thanks to all who gave us tips, we nearly made it to the Gold & Diamond place near The Mall of The Emirates (went there), but we ended up in the souk near the land dept, where we struggled to find something nice, but in the end we triumphed. Never managed to withdraw £4000 in cash before leaving London, we were too late, but we can see that would have been the best idea, then exchange it here in a mall.

p.s. our pics & comments re The Torch construction itself will come soon, for those that are interested.

There's a punch line coming from Scooby and I think I've worked it out.

But I won't spoil his moment, now that he has us all on the hook :)

Go for it Scooby, show us the light.

The Torch
It was still 3000 aed wasnt it Scoob ?

Well I'm knackered now, time for forty winks. Sorry (I feel like Mackie now)

There is only room for one Drama Queen around here ... :lol::banana::banana:

There's a punch line coming from Scooby and I think I've worked it out.

But I won't spoil his moment, now that he has us all on the hook :)

Go for it Scooby, show us the light.

The Torch

..

It was still 3000 aed wasnt it Scoob ?

Sorry we're in a rush now brekky beach pack bye, the answer to that is no, but that is totally insignificant compared to the actual truth of the matter revealed to us by the manager at the land dept. which I will expose later when I have more time a bit more time...

Sorry we're in a rush now brekky beach pack bye, the answer to that is no, but that is totally insignificant compared to the actual truth of the matter revealed to us by the manager at the land dept. which I will expose later when I have more time a bit more time...

in the meantime please feel free to call Select and ask for a confession....

laters

^^I can feel the drama in this thread.

Some of you should become script writers for Eastenders.

Just when I think I know what's gonna happen next, getting to a juicy bit where the story actually moves along, the bloddy end titles come in.

Can't wait for the next episode Scooby! Please don't leave us hanging...

The previous Mackie show was a complete let down. That was more El Dorado than Eastenders though!

You Ungrateful ******, I was very busy and still made the time to report back when I did not have to. Will not bother in future. I will be the same as people who just come on here to get information, and do not bother giving anything back like for example people that can see the Torch daily and yet don't bother to post a photo :dunno:

This forum used to be really good, it’s full of morons now and most of the good contributors have left. Here goes another one. :soapbox::wave:

You Ungrateful ******, I was very busy and still made the time to report back when I did not have to. Will not bother in future. I will be the same as people who just come on here to get information, and do not bother giving anything back like for example people that can see the Torch daily and yet don't bother to post a photo :dunno:

This forum used to be really good, it’s full of morons now and most of the good contributors have left. Here goes another one. :soapbox::wave:
Must admit I Can't remember seeing the final outcome of your SP talks in Dubai --perhaps it was deleted -- but anyway we will never know now will we ? - off to Rome are you ? come on you reds !!

You Ungrateful ******, I was very busy and still made the time to report back when I did not have to. Will not bother in future. I will be the same as people who just come on here to get information, and do not bother giving anything back like for example people that can see the Torch daily and yet don't bother to post a photo :dunno:

This forum used to be really good, it’s full of morons now and most of the good contributors have left. Here goes another one. :soapbox::wave:

Au revoir then mackie. Have a good one...

:lol:

Actually, on reflection maybe the El Dorado comment was a bit too harsh...

3w1TzLR2tYc

^^ Maybe UAE should make that their national anthem. :lol:

I think I saw mackie on the 2nd row. :dunno:

Yep bye bye enjoy your furniture pack.

You Ungrateful ******, I was very busy and still made the time to report back when I did not have to. Will not bother in future. I will be the same as people who just come on here to get information, and do not bother giving anything back like for example people that can see the Torch daily and yet don't bother to post a photo :dunno:

This forum used to be really good, it’s full of morons now and most of the good contributors have left. Here goes another one. :soapbox::wave:

Not like you that Mackie (well, not what I would have expected as a reaction having spoken to you personally on the phone). What's eating at you (apart from the pressures of business in the UK and failing investments around the world) ????

Are you simply sick of the whole affair, underhand deals, failing property prices etc..... Dubai, like everyone else?

The Torch

Not like you that Mackie (well, not what I would have expected as a reaction having spoken to you personally on the phone). What's eating at you (apart from the pressures of business in the UK and failing investments around the world) ????

Are you simply sick of the whole affair, underhand deals, failing property prices etc..... Dubai, like everyone else?

The Torch


Yeh, come on Mackie, we all appreciate your running around you did, and the info you gathered, put your toy's back please.

Al.

I see the Torch daily, but it would get boring showing Mrs G in her Nighty, lying on the bed with the mighty Torch in the background.

Yeh, come on Mackie, we all appreciate your running around you did, and the info you gathered, put your toy's back please.

Al.

I see the Torch daily, but it would get boring showing Mrs G in her Nighty, lying on the bed with the mighty Torch in the background.

But we never did get the punchline from Mackie as far as I know - probably be lucky if scoobie delivers one eh?

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

http://i43.tinypic.com/k3n0q0.jpg

May 18

Here goes another one. :soapbox::wave:

Typical, just when it starts to look like he will owe me that £100. :cry:

Typical, just when it starts to look like he will owe me that £100. :cry:thought it was £1k ?

But we never did get the punchline from Mackie as far as I know - probably be lucky if scoobie delivers one eh?

The punchline is this.

We arrived at the land department and were greeted by immediate confusion. They claimed we were already registered.

Eventually we made our way to the manager of land registration, he told us that no money is due until the building is complete and we actually receive the keys. The fee will be 1000 AED. No money is due now. We protested, showed him the recent letter from Select demanding immediate payment plus the processing fee 3000AED into 'Select Developments Ltd.' a few times then he seemed to smile knowingly as he casually suggested we throw the letter into the bin. He assured us several times that the process is pay when you receive the keys and only then, direct to the land dept is fine.

We left without paying a dime.

Hope I didn't disappoint.

listen you lot, you worry to much, I went to the land registry today to pay my fee for the Marinascape apt, and asked as an after thought, if my money had been deposited for my Torch apartments, and sure enough it had, and he gave me an official receipt there and then, that's all you got to do, go and asked the correct people and they will tell you, the Torch is up to date on all it's fees.

Alan

..

The punchline is this.

We arrived at the land department and were greeted by immediate confusion. They claimed we were already registered.

Eventually we made our way to the manager of land registration, he told us that no money is due until the building is complete and we actually receive the keys. The fee will be 1000 AED. No money is due now. We protested, showed him the recent letter from Select demanding immediate payment plus the processing fee 3000AED into 'Select Developments Ltd.' a few times then he seemed to smile knowingly as he casually suggested we throw the letter into the bin. He assured us several times that the process is pay when you receive the keys and only then, direct to the land dept is fine.

We left without paying a dime.

Hope I didn't disappoint.

Interesting stuff, Did you actually get a letter from Rera advising this or was it just verbal ??
We know Rera fee is 1000 AED, however Select are suggesting their admin fee to pre reg is 2000 AED, total 3000, they also go on to say that Rera has given them authority to charge clients upto 5000AED.. I for one thought that the pre reg thing was nothing more than a stunt by Select to get their investors to pay unfront and puts Select in a good light with Rear which gives Select a favour in hand.

..

Seems to contradict, however I understand Marinascape has been completed so there is no conflict.

The punchline is this.

We arrived at the land department and were greeted by immediate confusion. They claimed we were already registered.

Eventually we made our way to the manager of land registration, he told us that no money is due until the building is complete and we actually receive the keys. The fee will be 1000 AED. No money is due now. We protested, showed him the recent letter from Select demanding immediate payment plus the processing fee 3000AED into 'Select Developments Ltd.' a few times then he seemed to smile knowingly as he casually suggested we throw the letter into the bin. He assured us several times that the process is pay when you receive the keys and only then, direct to the land dept is fine.

We left without paying a dime.

Hope I didn't disappoint.

Thank you Scoobie love the lack of PC over there in the Land Dept
but SP are taking the P asking for 3000 aed per apt. you just saved me 6k aed thank you

Interesting stuff, Did you actually get a letter from Rera advising this or was it just verbal ??
We know Rera fee is 1000 AED, however Select are suggesting their admin fee to pre reg is 2000 AED, total 3000, they also go on to say that Rera has given them authority to charge clients upto 5000AED.. I for one thought that the pre reg thing was nothing more than a stunt by Select to get their investors to pay unfront and puts Select in a good light with Rear which gives Select a favour in hand.

Verbal, but he handed us his business card and seemed to assure us he would handle any nonsense from Select.

Thanks Scooby for clarifying this. I wondered if SG were within their rights as it contradicts what other developers have done. It reminds me of Damac, which decided a while back to write to all purchasers of JLT units that didn't come with parking spaces, included my long-ago completed Lake Terrace one, saying the Land Department wouldn't let them register units unless the buyers owned parking spaces - which, fortuitously, they were able to offer at 'only' AED 75k apiece (a quarter of the OP of the apartment...). Sure enough, the Land Registration dept confirmed it was a work of fiction on the developer's part...

I know I met with some scepticism from others on this forum when I said I feared for the developer's solvency some months back, when it used an 'aunt sally' argument to deny me and others refunds when we wanted to cancel our contracts. But when things like this crop up, you have to wonder how stable they are if they need to go grubbing around for a few thousand dirhams per apartment...

Thank you Scoobie love the lack of PC over there in the Land Dept
but SP are taking the P asking for 3000 aed per apt. you just saved me 6k aed thank you


Well they seem to change on a daily basis, depending on who you ask, I remember last year, getiing a letter saying it all had to paid in 60 days from August, Select put out that letter from the land dept, then I gather there systems Oqod or something went belly up, and it all changed again.

All I was told was Select had registered the property, so was not in default there, you will have to pay it sometime, and only when 2% is paid, 1 from you and 1 from them, do you get the title deeds, I did show them the Notice of Completion, so perhaps that's where the difference lies.

by the way Trident are trying for 5000 from us, and get this, they want us to pay the whole 2% as well, a ambiguios line in the contract saying "The buyer will pay all registration costs" I am also told a developer can ask up to 10000.

Alan

Thank you Scoobie love the lack of PC over there in the Land Dept
but SP are taking the P asking for 3000 aed per apt. you just saved me 6k aed thank you

Just to clarify, no money is due now from the apartment owners according to the manager at the land dept, neither the 'fee' nor the actual registration payment, until they receive the keys. Then, pay the land dept. directly and the processing fee is 1000, they will then hand you the deeds.

It would be foolish to pay the money into a Select account.

Those who have already sent money to 'Select Developments Ltd.', well who knows is happening there.

Verbal, but he handed us his business card and seemed to assure us he would handle any nonsense from Select.

Thanks for advising, and thanks for sharing your findings. :)

Well they seem to change on a daily basis, depending on who you ask, I remember last year, getiing a letter saying it all had to paid in 60 days from August, Select put out that letter from the land dept, then I gather there systems Oqod or something went belly up, and it all changed again.

All I was told was Select had registered the property, so was not in default there, you will have to pay it sometime, and only when 2% is paid, 1 from you and 1 from them, do you get the title deeds, I did show them the Notice of Completion, so perhaps that's where the difference lies.

by the way Trident are trying for 5000 from us, and get this, they want us to pay the whole 2% as well, a ambiguios line in the contract saying "The buyer will pay all registration costs" I am also told a developer can ask up to 10000.

Alan

Hi Alan, still a bit confused, the receipt you got from the land dept. for your apartment in The Torch, did it show the full 2 percent, or just 1 percent? did they offer any hint that your side of the bargain was not actually due until after completion?

The punchline is this.

We arrived at the land department and were greeted by immediate confusion. They claimed we were already registered.

Eventually we made our way to the manager of land registration, he told us that no money is due until the building is complete and we actually receive the keys. The fee will be 1000 AED. No money is due now. We protested, showed him the recent letter from Select demanding immediate payment plus the processing fee 3000AED into 'Select Developments Ltd.' a few times then he seemed to smile knowingly as he casually suggested we throw the letter into the bin. He assured us several times that the process is pay when you receive the keys and only then, direct to the land dept is fine.

We left without paying a dime.

Hope I didn't disappoint.

Thanks for the info scooby. You did not disappoint this avid viewer!:lol:

:cheers:

PS. Any idea why he smiled knowingly? Do you think he has advance info on Select? Oh the suspense in this drama is amazing.

The punchline is this.

We arrived at the land department and were greeted by immediate confusion. They claimed we were already registered.

Eventually we made our way to the manager of land registration, he told us that no money is due until the building is complete and we actually receive the keys. The fee will be 1000 AED. No money is due now. We protested, showed him the recent letter from Select demanding immediate payment plus the processing fee 3000AED into 'Select Developments Ltd.' a few times then he seemed to smile knowingly as he casually suggested we throw the letter into the bin. He assured us several times that the process is pay when you receive the keys and only then, direct to the land dept is fine.

We left without paying a dime.

Hope I didn't disappoint.

I hope this is a prank. If not, we all have a serious problem of dishonesty by SP and DS. If it transpires SP, as a corporate body, have been so dishonest as to demand monies from us (as per the letter of payment demand), at an inflated cost, prior to when it was required to be paid, this really does start to stink and significantly changes my views about who we are dealing with.

I will be asking for comment / response from SP directly on this information development.

If I have been misled (again), this would be once to often and I will be asking for my monies paid to be returned promptly, even though build has been progressing well at present. It becomes a matter of principal, more than anything else. I won't be misled by anyone, and certainly not by a company, no matter where they are in the world.

The Torch

I am not sure what the big deal is. I have not received one of these letters but it appears that the only bad thing is that Select are charging a AED 2000 admin fee up front and not explaining that you can avoid this fee by going in person to pay. I think originally it was correct that the 1% fee had to be paid in 60 days of law 13 but this was changed later after many had already paid it. It has to be paid at some stage in any case.

Hi Alan, still a bit confused, the receipt you got from the land dept. for your apartment in The Torch, did it show the full 2 percent, or just 1 percent? did they offer any hint that your side of the bargain was not actually due until after completion?

It says on the top "Initial contract of sale" and has the OQOOD symbol it then names Torch Select as the seller, and me as buyer, no percentages are mentioned, it gives the plot number and apt number, and escrow account, and value of property on the LPP, of course that's where the money goes not into Selects bank account.

It doesn't matter when you pay it, probably your man is right as well, as with Trident it wasn't paid until after completion.

Remember there was confusion last year when we got those letters about Law 13 annd all off plan properties having to be registered as well.

Al

So the long and short of it is if I am getting this right, SP have charged £350 to do this for you. I dont think its too shocking but if they have been dishonest in the way they have made us all pay thats a different story.

Did I dream it or was there a great post by Steve yesterday on a thread re law 9 and the effects on purchasers attempting a refund. Perhaps someone could point me to the post number as it will be very very usefull in the next few weeks for all.

So the long and short of it is if I am getting this right, SP have charged £350 to do this for you. I dont think its too shocking but if they have been dishonest in the way they have made us all pay thats a different story.

Did I dream it or was there a great post by Steve yesterday on a thread re law 9 and the effects on purchasers attempting a refund. Perhaps someone could point me to the post number as it will be very very usefull in the next few weeks for all.

http://www.skyscrapercity.com/showthread.php?p=37249344#post37249344

I am not sure what the big deal is. I have not received one of these letters but it appears that the only bad thing is that Select are charging a AED 2000 admin fee up front and not explaining that you can avoid this fee by going in person to pay. I think originally it was correct that the 1% fee had to be paid in 60 days of law 13 but this was changed later after many had already paid it. It has to be paid at some stage in any case.

I think people are missing the point, the land dept. would not accept the 1 percent payment saying it cannot be accepted until completion. We flew to Dubai this weekend specifically because Select demanded immediate payment of the 1 percent, plus a 3000AED processing fee. We told them we were flying to Dubai to avoid their excessive fee, but they failed to inform us that they were lying to us, that in fact there is no immediate payment of any kind due. They also lied when they said we would have to make an appointment with the land dept.

We feel that Select should reimburse us for this trip, we lost several £k in lost revenue, especially as it was a bank holiday weekend, very busy with a client at the moment, now I have to catch up on lost time.

Even if we had some fun.

And the 9million euros you spent at the mini bar.:cheers:

Thanks Scoopbu.

Enjoyed reading/waiting for your post. Would like to know what Select have to say about this. People are not idiots and should not be fooled like so.

Surely there are other ways of making money then this easy way.

I am not sure what the big deal is. I have not received one of these letters but it appears that the only bad thing is that Select are charging a AED 2000 admin fee up front and not explaining that you can avoid this fee by going in person to pay. I think originally it was correct that the 1% fee had to be paid in 60 days of law 13 but this was changed later after many had already paid it. It has to be paid at some stage in any case.

I think it's not just the fact they're charging three times the Land Registration Dept fee, but also that they wanted the money a couple of years before completion (and hence before they need to pay it out) and that they asked for payments to be made into an account in the name of Select Developments Limited - not a company any of us have dealt with before, and presumably not covered by Escrow. It all smells of dishonesty and desperation to me.

Can I just clarify again in this thread that Select Property is not the developer of The Torch. We do not deal with the Dubai Land Department ourselves. We have not collected any money from purchasers in repsect of pre-registration. We have from time to time issued instructions on behalf of the developer for whom we act as agent, these instructions have been based at all times on the information they have been provided with by the relevant authorities and their professional advisors. It is frustrating, as often with Dubai, that individual experiences seem contradictory and can lead to confusion and speculation. All purchasers in The Torch have been given contact details for the developer if they have any specific questions relating to pre-registration under law 13. The developer has also prepared a 'FAQ' sheet explaining the pre-registration process, including what the charges relate to. The accusation that there has been any attempt to deliberately mislead purchasers here is completely disingenuous - it's worth remembering that the requirement to pre-register every unit carries a significant cost and administrative burden for the developer and the mainly benefits the buyers.

I think people are missing the point, the land dept. would not accept the 1 percent payment saying it cannot be accepted until completion. We flew to Dubai this weekend specifically because Select demanded immediate payment of the 1 percent, plus a 3000AED processing fee. We told them we were flying to Dubai to avoid their excessive fee, but they failed to inform us that they were lying to us, that in fact there is no immediate payment of any kind due. They also lied when they said we would have to make an appointment with the land dept.

We feel that Select should reimburse us for this trip, we lost several £k in lost revenue, especially as it was a bank holiday weekend, very busy with a client at the moment, now I have to catch up on lost time.

Even if we had some fun.

I have units in BC and they are registerd. I have the official oqood docs to confirm this and i only paid 1% for each in line with law 7 and 21 article 4. Law 13 also stipulates the process as described by Select. There is also a provision for them to charge no more than AED5000 for admin of these duties although i wasn't charged any fees for this. I agree with CBP when he said that the cost isn't too shocking for carrying out this function. Rather than two grand on flights and accomodation pay £350 and they do it for you.

234 sale posted this on other forum which maybe help...Its worth reading it all although "what is first registration" is more relevant to your point

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

Can I just clarify again in this thread that Select Property is not the developer of The Torch. We do not deal with the Dubai Land Department ourselves. We have not collected any money from purchasers in repsect of pre-registration. We have from time to time issued instructions on behalf of the developer for whom we act as agent, these instructions have been based at all times on the information they have been provided with by the relevant authorities and their professional advisors. It is frustrating, as often with Dubai, that individual experiences seem contradictory and can lead to confusion and speculation. All purchasers in The Torch have been given contact details for the developer if they have any specific questions relating to pre-registration under law 13. The developer has also prepared a 'FAQ' sheet explaining the pre-registration process, including what the charges relate to. The accusation that there has been any attempt to deliberately mislead purchasers here is completely disingenuous - it's worth remembering that the requirement to pre-register every unit carries a significant cost and administrative burden for the developer and the mainly benefits the buyers.

Thanks for this Giles. I think we all appreciate it's Select Property's position that it is merely the principal selling agent acting on behalf of the developer, Torch Select Limited (part of Select Group), and is in no way associated with or linked to the developer.

As I'm sure you'll acknowledge, the apparent contradiction is that the developer has for some months been asking us all to pay to register our units now, rather than at handover, which is how things have been done with units I and others have bought in the past, and what Scooby has been told should also apply to The Torch. And we've also been a little confused that we've been asked to pay this sum to Select Developments Limited, rather than the developer or Land Department.

Presumably purchasers can opt to register their units on completion, should they not wish to cancel beforehand?

Can I just clarify again in this thread that Select Property is not the developer of The Torch. We do not deal with the Dubai Land Department ourselves. We have not collected any money from purchasers in repsect of pre-registration. We have from time to time issued instructions on behalf of the developer for whom we act as agent, these instructions have been based at all times on the information they have been provided with by the relevant authorities and their professional advisors. It is frustrating, as often with Dubai, that individual experiences seem contradictory and can lead to confusion and speculation. All purchasers in The Torch have been given contact details for the developer if they have any specific questions relating to pre-registration under law 13. The developer has also prepared a 'FAQ' sheet explaining the pre-registration process, including what the charges relate to. The accusation that there has been any attempt to deliberately mislead purchasers here is completely disingenuous - it's worth remembering that the requirement to pre-register every unit carries a significant cost and administrative burden for the developer and the mainly benefits the buyers.


Totally understand.Totally understand.

Do you also understand that most purchasers have lost 150,000aed for 1 years rent.This 1 years lost has significantly burdened the purchaser,and benefited the developer who does anything they wish.

We will see how good and honest a developer we are dealing with come Aug 09.

Totally understand.Totally understand.

Do you also understand that most purchasers have lost 150,000aed for 1 years rent.This 1 years lost has significantly burdened the purchaser,and benefited the developer who does anything they wish.

We will see how good and honest a developer we are dealing with come Aug 09.

You may not have to wait until Aug 09, watch this space.

You may not have to wait until Aug 09, watch this space.

I'm intrigued - what's happening (or about to happen)?

^^ The top 15 or so floors of the building, including the top LED feature, are being assembled in a yard in Jebel Ali South and will be lifted on top via a Russian made heavy duty cargo helicopter, to be flown in town shortly.

Also a few thousands workers are on stand-by and materials already available, to complete the interiors shortly after.

:banana:

http://i39.tinypic.com/2ry0zsj.jpg

^^ The top 15 or so floors of the building, including the top LED feature, are being assembled in a yard in Jebel Ali South and will be lifted on top via a Russian made heavy duty cargo helicopter, to be flown in town shortly.

Also a few thousands workers are on stand-by and materials already available, to complete the interiors shortly after.

:banana:

Actually that reminds me I was going to make some comments regarding the Torch, having been there over the weekend. Some of you may be aware that Adam Price the Sales Director deliberately misled us when we were considering buying the apartment, in particular the apartment plans he sent us which he knew to be completely wrong.

I was horrified to see the corner balconies (1st 20 floors or so) first-hand. As I predicted 3 years ago what we now have is a complete eye-sore, boxy balconies, with grotesque 1 meter thick walls at the sides blocking the views.
I would say they were unfit even for the gulags during the communist era. There is room for one person and a chair. I'm amazed that glitzy Dubai granted planning permission.

The original corner balcony plan as used by Adam Price and Select in general to mislead potential buyers appears in the following brochure; http://www.thetorchdubai.co.uk/Brochure.pdf, floors 6-21

did you manage to take any photos?

^^ The top 15 or so floors of the building, including the top LED feature, are being assembled in a yard in Jebel Ali South and will be lifted on top via a Russian made heavy duty cargo helicopter, to be flown in town shortly.

Also a few thousands workers are on stand-by and materials already available, to complete the interiors shortly after.

:banana:
ALTIN is it April 1st ??

IMRE - Book the day off and photograph please :lol::lol::cheers:

Just to clarify, no money is due now from the apartment owners according to the manager at the land dept, neither the 'fee' nor the actual registration payment, until they receive the keys. Then, pay the land dept. directly and the processing fee is 1000, they will then hand you the deeds.

For those on LPP, will they recieve the deeds on handover or only after all payments have been made in full after 10 or 11 years from now?

For those on LPP, will they recieve the deeds on handover or only after all payments have been made in full after 10 or 11 years from now?

The land dept told us to come back with the payment & fee when the building is complete and we have received the keys and they will hand us the deeds. That's all I can say for sure.

Can I just clarify again in this thread that Select Property is not the developer of The Torch. We do not deal with the Dubai Land Department ourselves. We have not collected any money from purchasers in repsect of pre-registration . We have from time to time issued instructions on behalf of the developer for whom we act as agent, these instructions have been based at all times on the information they have been provided with by the relevant authorities and their professional advisors. It is frustrating, as often with Dubai, that individual experiences seem contradictory and can lead to confusion and speculation. All purchasers in The Torch have been given contact details for the developer if they have any specific questions relating to pre-registration under law 13. The developer has also prepared a 'FAQ' sheet explaining the pre-registration process, including what the charges relate to. The accusation that there has been any attempt to deliberately mislead purchasers here is completely disingenuous - it's worth remembering that the requirement to pre-register every unit carries a significant cost and administrative burden for the developer and the mainly benefits the buyers.

Naturally .. Of course ... we have nothing to do with it. Whenever its fits, put or direct the blame to the developer. How childish ...

"We have from time to time issued instructions on behalf of the developer for whom we act as agent" ..:lol: :lol: :lol: - Would such instructions include collecting any money from purchasers in repsect of pre-registration?

The land dept told us to come back with the payment & fee when the building is complete and we have received the keys and they will hand us the deeds. That's all I can say for sure.

But a good question nevertheless.

It says on the top "Initial contract of sale" and has the OQOOD symbol it then names Torch Select as the seller, and me as buyer, no percentages are mentioned, it gives the plot number and apt number, and escrow account, and value of property on the LPP, of course that's where the money goes not into Selects bank account.

It doesn't matter when you pay it, probably your man is right as well, as with Trident it wasn't paid until after completion.

Remember there was confusion last year when we got those letters about Law 13 annd all off plan properties having to be registered as well.

Al

So did the money get transferred from Select Developments Ltd. to the Land Dept, or does Select retain that for the time being?

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

Any photos?

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

Any photos?

Didn't really get the hang of using a camera....

http://i40.tinypic.com/3496mvb.jpg

http://i39.tinypic.com/331ei5l.jpg

So did the money get transferred from Select Developments Ltd. to the Land Dept, or does Select retain that for the time being?


No they dont, if you read the letter Select sent out on the 3rd November last year, mines from Andy Hawkes, it makes it clear that they where acting on behalf on the Land Registries instructions on Law 13, they also make it clear the money was to go into a different account than your normal payment one, because at that time, it had changed from paying it on completion, to paying it in 60 days, I far as I am concerned it is all down to the land dept who changed the goalposts, and I beleive that was because of there OQOOD system not being ready.

Stop blaming Select, they only acted on behalf of the Land Dept.

If this carries on I am going to join Mackie, on his desert island.

ALAn

http://i39.tinypic.com/292v8r8.jpg
http://i40.tinypic.com/316uss5.jpg
http://i44.tinypic.com/24eyijo.jpg

http://i40.tinypic.com/2dc6fz5.jpg

http://i42.tinypic.com/30awhac.jpg

Scooby, try again..................

Cheers Scooby, thanks for uploading. Did you manage to get in the building or on site at all?

No they dont, if you read the letter Select sent out on the 3rd November last year, mines from Andy Hawkes, it makes it clear that they where acting on behalf on the Land Registries instructions on Law 13, they also make it clear the money was to go into a different account than your normal payment one, because at that time, it had changed from paying it on completion, to paying it in 60 days, I far as I am concerned it is all down to the land dept who changed the goalposts, and I beleive that was because of there OQOOD system not being ready.

Stop blaming Select, they only acted on behalf of the Land Dept.

If this carries on I am going to join Mackie, on his desert island.

ALAn

We received a letter just 2 weeks ago asking for an immediate payment, plus a 3000AED fee, also in email when we insisted on knowing if we could pay the land dept directly they said you need to make an appointment with the land dept. which is untrue (also impossible, have you tried calling them from London!), whaddya mean don't blame Select! they could easily have told us we can pay in 2 years time when we get the keys! even the land dept suggested we throw the Select letter in the bin.

Have you any evidence that the land dept. ever received the money you paid Select Dev? we (lpp) never received any demand to pay immediately, within 60 days, or anything like that until about 2 or 3 weeks ago. Did your letter back in September specify a deadline?

In any case the money should go to the escrow account or direct to the land dept., not Select Developments

Cheers Scooby, thanks for uploading. Did you manage to get in the building or on site at all?

np, tough work this...enough for the moment! inside next time

We received a letter just 2 weeks ago asking for an immediate payment, plus a 3000AED fee, also in email when we insisted on knowing if we could pay the land dept directly they said you need to make an appointment with the land dept. which is untrue (also impossible, have you tried calling them from London!), whaddya mean don't blame Select! they could easily have told us we can pay in 2 years time when we get the keys! even the land dept suggested we throw the Select letter in the bin.

Have you any evidence that the land dept. ever received the money you paid Select Dev? we (lpp) never received any demand to pay immediately, within 60 days, or anything like that until about 2 or 3 weeks ago. Did your letter back in September specify a deadline?

In any case the money should go to the escrow account or direct to the land dept., not Select Developments

I am sorry Scooby, we keep going around in circles, are saying you didn't receive a letter back in November, explaining Law 13 at the time, and your letter recently is the first time you have heard of it, or did you get it and chose not to pay it.

Its 3 in the morning here, other wise I would post it.

if you pm me I will give you my email and send it to you, I cant post it, it has mine personal info on it.
Al

np, tough work this...enough for the moment! inside next time

Nice photos scooby, thanks for posting. Looking forward to more.

Great pictures - thanks for that, - but as AGod says for God sake stop this crapping on about the Land registry issue. No-one cares Scooby - well no-one except you and about 2 others.

Select acted in good faith based on the information they received from the authorities. The goal posts are constantly moving - this is not the UK - and there is loads of room for you or I, or indeed Select to get it wrong or misunderstand the implication. I'm almost sure that the Law is drafted in Arabic and then translated. I had years of experience reading ministerial edicts translated into English. Because the translation is so imprecise the English version can seem almost meaningless and is normally somewhat ambiguous and open to interpretation.

No one is bothered so leave it and talk about building instead.

Did you get any inside pictures?

You may not have to wait until Aug 09, watch this space.

Come on Charlie BP - what's this all about??

Come on Charlie BP - what's this all about??


I suspect that's the date the money should be handed back.

A

http://i42.tinypic.com/2ntb7fo.jpg

FIRST ATTEMPT.

OOPS

^^

Nice to see efficient usage of the spare cuttings from the kitchen worktops.

On the upside, it looks like the soapdish is a top of the range double soap bar holder - result!

http://i41.tinypic.com/35d21wx.jpg


Why has the picture not come up? Sorry has now but so big? Help.

Looks like they have used 4 inch door hinges, glad to see they have not gone for the cheaper 3 inch option !! lol...:lol:
Audir8 is this The Point bathroom posted to the wrong thread or the much awaited unvailing of The Torch Luxury Bathrooms ?

http://i42.tinypic.com/2ntb7fo.jpg

FIRST ATTEMPT.


Bath looks a bit short :dunno:

http://i43.tinypic.com/2zej9xu.jpg

^^

Is that the famous powder room?

why is there a drain in the floor if there is only a toilet there?

http://i42.tinypic.com/2ntb7fo.jpg

FIRST ATTEMPT.
What is that a deep shower tray or 1/2 a bath ??

Looking at the floorplans, I think all baths are the same length in the Torch including 3 beds.

At least it looks wide enough for mackie to get in :runaway:

This is the same ole shit as The Point, bang goes Beppe and Slowhands theory that they were learning and will improve. The bath aint short, them tiles are 200X200mm making it a standard 1700X700. The drain thing in the floor is common in Dubai, The Point even has them in the kitchen.

http://i39.tinypic.com/21dohnm.jpg

http://i43.tinypic.com/2zej9xu.jpg

We have the same modular ceilings in all rooms at The Point. Can you put up a pic of the kitchen.

why is there a drain in the floor if there is only a toilet there?

^^ In the middle east it is very common to "wash" the floor and sweep the excess water into the nearest drain. I assume that is why you have drains dotted around the place.

This is the same ole shit as The Point, bang goes Beppe and Slowhands theory that they were learning and will improve. The bath aint short, them tiles are 200X200mm making it a standard 1700X700. The drain thing in the floor is common in Dubai, The Point even has them in the kitchen.

hold on there young gun!! well have too wait and see in bay central.

Looking at the floorplans, I think all baths are the same length in the Torch including 3 beds.

At least it looks wide enough for mackie to get in :runaway:

Just looking at floor plans for my 3 bed, there is much more room, the bath fills up say 2/3 of the width, so I hope to hell this is not what the 3 beds will be like, 2 beds well i just can't be bothered to worry about those any more..

Just looking at floor plans for my 3 bed, there is much more room, the bath fills up say 2/3 of the width, so I hope to hell this is the what the 3 beds will be like, 2 beds, well i just can't be bothered to worry about those any more..

There is more space available but I think the same baths will be used throughout.

http://i40.tinypic.com/xp2f6x.jpg

http://i43.tinypic.com/29xgfnt.jpg

3 beds have changed completely since that brochure floor plan... anyway, time will tell.:)

Great pictures - thanks for that, - but as AGod says for God sake stop this crapping on about the Land registry issue. No-one cares Scooby - well no-one except you and about 2 others.

Select acted in good faith based on the information they received from the authorities. The goal posts are constantly moving - this is not the UK - and there is loads of room for you or I, or indeed Select to get it wrong or misunderstand the implication. I'm almost sure that the Law is drafted in Arabic and then translated. I had years of experience reading ministerial edicts translated into English. Because the translation is so imprecise the English version can seem almost meaningless and is normally somewhat ambiguous and open to interpretation.

No one is bothered so leave it and talk about building instead.

Don't understand any of this tosh. If you need help with your language my husband should be able to sort you out.

Just more of the same rubbish that now seems to plague this thread. I'm not surprised people are giving up on it.

Don't understand any of this tosh. If you need help with your language my husband should be able to sort you out.


Scooby, there is no need for that remark, I never went to school or obtained any certificate or degrees, and my spelling and writing is all self taught, I realise there a lot of people on here much more educated than me, being more educated doesn't make them any cleverer, you have to remember that people who post on this are not always English, and dont even have it as there first language, so no one should ever be critised for there lack of the written word, but more for there thoughts and views.

You seem to be blighting this thread, Mrs. Scoobi do

I am out of here too.

ALan

Scooby, there is no need for that remark, I never went to school or obtained any certificate or degrees, and my spelling and writing is all self taught, I realise there a lot of people on here much more educated than me, being more educated doesn't make them any cleverer, you have to remember that people who post on this are not always English, and dont even have it as there first language, so no one should ever be critised for there lack of the written word, but more for there thoughts and views.

You seem to be blighting this thread, Mrs. Scoobi do

I am out of here too.

ALan


I think it's obvious I was referring to Yousuf27 rather impolitely saying I was 'crapping' and I was also referring to his suggestion that the official English translations of Arabic language legal documents is so different and misleading that Select and other developers should always be forgiven if they claim they didn't understand the law. We have ourselves managed to obtain some of the relevant legal documents in Arabic and we do not have this language problem, where everything is lost in the translation.

Nothing to do with non-native English speakers, ALan.

http://i43.tinypic.com/2zej9xu.jpg

why is there a drain in the floor if there is only a toilet there?

Steve, you should ask why there is a drain on the wall ... and if that's bathroom, why there are no tiles on the wall.

To me it seams like a laundry room. The drain on the wall and the socket above it, made it clear that's the place where the washing machine is supposed to go.

Steve, you should ask why there is a drain on the wall ... and if that's bathroom, why there are no tiles on the wall.

To me it seams like a laundry room. The drain on the wall and the socket above it, made it clear that's the place where the washing machine is supposed to go.

Would anyone like to see pictures of The Torch interiors & views.

Audir8, thanks for those lovely pictures

Would anyone like to see pictures of The Torch interiors & views.

Audir8, thanks for those lovely pictures

Treat us Scooby, upload to your hearts content.:)

Would anyone like to see pictures of The Torch interiors & views.

Audir8, thanks for those lovely pictures

Pretty please:)

Would anyone like to see pictures of The Torch interiors & views.

Audir8, thanks for those lovely pictures
hope they are more illuminating than R8's :cheers:

29/May/2009

The Torch

http://i42.tinypic.com/flk3kz.jpg

http://i43.tinypic.com/2rh1jqt.jpg

http://i43.tinypic.com/rwq6mo.jpg

http://i39.tinypic.com/34dq6j4.jpg

http://i44.tinypic.com/28gwht4.jpg

1 GBP is now 5.92AED.

good news, atleast the pound seems to be moving in the right direction!

Any one has any botanica contruction updates at all, IMRE?

1 GBP is now 5.92AED.

^^
Not looking good for our refunds!

sorry, good news for people who have to make payments, bad for refunds

http://i43.tinypic.com/2nqfsz5.jpg

Would anyone like to see pictures of The Torch interiors & views.

Audir8, thanks for those lovely pictures

Scoobu please can you kindly post the Torch interior photos and view photos. :) Many thanks in advance.

sorry, good news for people who have to make payments, bad for refunds

hopefully the pound is great when we make our payment to the land dept. in 1.5 years time

hopefully the pound is great when we make our payment to the land dept. in 1.5 years time

Hi

unfortunately, i have already paid my 1% when the pound was very weak, so not happy there. have lost quite a bit actually due to the £ falling in value

Hi

unfortunately, i have already paid my 1% when the pound was very weak, so not happy there. have lost quite a bit actually due to the £ falling in value

That should not be a problem. Select will return this money to you, as they lied when they impressed upon you that it was due.

That should not be a problem. Select will return this money to you, as they lied when they impressed upon you that it was due.

yeah, select refunding money.......thats not gonna happen. I am thinking they havent really pressed me for my installment yet due to the pound being strong. They are probably waiting for the pound to weaken and then ask for the payment so that it hurts even more :nuts:

yeah, select refunding money.......thats not gonna happen. I am thinking they havent really pressed me for my installment yet due to the pound being strong. They are probably waiting for the pound to weaken and then ask for the payment so that it hurts even more :nuts:

I'm sorry for this. We believe that Select has not asked you for your installment as they want you to be late. Even a day late and you have not met the terms of your agreement. This would mean that you would have some difficulty cancelling you contract and asking for a refund if you decided to follow that route, a route that many fellow forumers have chosen to take.

We only just received a receipt for the last installment 3 months ago, despite asking them for it on numerous occasions. Their excuses were beyond belief. Part of the same trick, hoping that investors on the LPP are late with a payment. You have 2 days to sort this out.

^^ I agree with you scoobu, why did Select suddenly forget to send reminders, they will pull every trick in the book to prevent refunds.

Hi

But I am on Standard payment and have paid 50% already. Do you still think I should pay the 10% now what they are asking or wait....any help would be appreciated. I am scared now

BTW, I am in BOTANICA

BTW, I am in BOTANICA

Botanica? I don't know much about that, we saw fences and nothing much behind, I don't think we took any pics.

http://i41.tinypic.com/11w4hlx.jpg

http://i44.tinypic.com/2nhi1hh.jpg

http://i41.tinypic.com/m9vlll.jpg

Hi

great pics, I can show you some very nice similar pics too, i was their just last week, oh man, it was fantastic, same hotel LRM, was great.

Botanica does seem like a bare piece of land at the moment :(

BTW, I am in BOTANICA

According to RERA, instalments should now be linked to construction. In which case, the developer owes you money, not the other way round.

If I were in your position I'd write to the developer, copied to RERA, pointing out the percentage of construction undertaken and the percentage of purchase price they want you to pay, saying you'll pay if RERA say you have to, but not otherwise.

According to RERA, instalments should now be linked to construction. In which case, the developer owes you money, not the other way round.

If I were in your position I'd write to the developer, copied to RERA, pointing out the percentage of construction undertaken and the percentage of purchase price they want you to pay, saying you'll pay if RERA say you have to, but not otherwise.

thanks mistermark

i have actually emailed select just now and see what they reply...if it is not good enough I will take it up with RERA

cheers for that

thanks mistermark

i have actually emailed select just now and see what they reply...if it is not good enough I will take it up with RERA

cheers for that

Be careful.
Deal with the developer and not with Select in the UK:ohno:

http://i42.tinypic.com/14a0hy.jpg

By the way, it's difficult to get accross Dubai Marina. The bridge is still not finished, especially for pedestrians.

http://i41.tinypic.com/2v8qpnd.jpg

Be careful.
Deal with the developer and not with Select in the UK:ohno:

Hi, can you please help me with the contact of the developer. Is it Dubai Select?

http://i41.tinypic.com/35883sz.jpg

Can anyone help me on this, the email address for Select ccdxb@select-group.ae, has anyone had a reply from them to an email sent or even a read reciept from the email being read by them... appreciate help with this question.

Can anyone help me on this, the email address for Select ccdxb@select-group.ae, has anyone had a reply from them to an email sent or even a read reciept from the email being read by them... appreciate help with this question.

ccdxb@select-group.ae, yes, totally understand totally,understand

you too have suffered the brunt of the select jokes

Sorry jeffers, they are criminal in nature, if not by sentence. You really need to send a fax to Torch Select Ltd. in Dubai. Send a fax to them, no other choice. Make sure you use the correct number, and don't expect a decent reply. At least you will have it on the record, legally recognised.

Hi, can you please help me with the contact of the developer. Is it Dubai Select?

Hi Azlotia, to be precise you need to contact the company with whom you have signed your contract, this probably appear as 'the seller', maybe 'Botanica Select Ltd.'. Select will tell you that you need to contact the developer 'Select Group' in Dubai.

As you have paid so much, but the building doesn't seem to have even started, I would also check if your payments are tied into construction milestones as might be mandated by your escrow agent. Not sure how it works for the std. plan.
The escrow agent might be the 'Dubai Islamic Bank' (which acts as an escrow agent, in addition to being a bank), especially if your escrow account is with the Dubai Islamic bank. You should be able to check directly with them, however, they can be disappointing.

Hi Azlotia, to be precise you need to contact the company with whom you have signed your contract, this probably appear as 'the seller', maybe 'Botanica Select Ltd.'. Select will tell you that you need to contact the developer 'Select Group' in Dubai.

As you have paid so much, but the building doesn't seem to have even started, I would also check if your payments are tied into construction milestones as might be mandated by your escrow agent. Not sure how it works for the std. plan.
The escrow agent might be the 'Dubai Islamic Bank' (which acts as an escrow agent, in addition to being a bank), especially if your escrow account is with the Dubai Islamic bank. You should be able to check directly with them, however, they can be disappointing.

Hi

Thanks a lot, I did email a few email addresses yesterday, and will wait for them what they have to say. I found a couple of more people on this forum who have not paid their installments for Botanica either, so I think I am not alone in this. will let you know what they say

yeah, select refunding money.......thats not gonna happen. I am thinking they havent really pressed me for my installment yet due to the pound being strong. They are probably waiting for the pound to weaken and then ask for the payment so that it hurts even more :nuts:

Are you for real.

I'm sorry for this. We believe that Select has not asked you for your installment as they want you to be late. Even a day late and you have not met the terms of your agreement. This would mean that you would have some difficulty cancelling you contract and asking for a refund if you decided to follow that route, a route that many fellow forumers have chosen to take.

We only just received a receipt for the last installment 3 months ago, despite asking them for it on numerous occasions. Their excuses were beyond belief. Part of the same trick, hoping that investors on the LPP are late with a payment. You have 2 days to sort this out.

I actually gave my June installment to Mark Stott in cash and in person and he set fire to the money in front of me saying that he had never met me and that he would be confiscating my property on June 1. Can you believe these people? I've consulted my lawyers and apparently I don't have a leg to stand on (partly because Mark Stott broke them).:nuts::ohno::wave::shocked:

There seems to be a lot of poor advice going on at the moment and a lot of it is re payments and refunds. You must get a Dubai based lawyer involved to be sure, do not listen to hearsay on here, you will come undone. Do not address anything to "select anything" always address to the name in the SPA ie "Point Development Limited" etc etc. and remember all official notices must be served the correct way to Dubai not Wilmslow although you should keep your AM in the loop. This must be fax or courier, an email is not good enough.
Go about it the right way and you will have a result, go it alone and you WILL have agg believe me. You will also need to give the lawyer POA which only takes a few days but this is the best route if you want a result.

Can anyone help me on this, the email address for Select ccdxb@select-group.ae, has anyone had a reply from them to an email sent or even a read reciept from the email being read by them... appreciate help with this question.

I have sent a number of emails to that address on advise from Select in UK. I have received nothing back. Very dissapointed as the communication had imporved and now is terrible.

I have sent a number of emails to that address on advise from Select in UK. I have received nothing back. Very dissapointed as the communication had imporved and now is terrible.

We sent them a fax once and it seemed to put them in panic mode....we ended up with a courier delivering a letter to us!

We sent them a fax once and it seemed to put them in panic mode....we ended up with a courier delivering a letter to us!

We put an old fax machine through their office's window in Handforth, with the request letter in it, and that worked. :banana:

However, we also got a follow up bill for the repairs to their premises. We are awaiting solicitors letters before paying out.

On a more serious note, with the 40% drop in prices since Q4'08 reported recently by a leading property consultant in Dubai, the largest drop on the planet, apart from Croatia, it is becoming increasingly attractive to take the cancellation option, even though the exchange rate is starting to head South on us.

My main worry, however, is whether we will actually get paid out?

Has anyone actually had confirmation from TS that they will refund all monies and when this will occur?

Regards

The Torch