http://i45.tinypic.com/smsq53.jpg

http://i50.tinypic.com/2vkne55.jpg

Steve you asked earlier about internal pics of TT. I was in there today viewing several appts but unable to take pictures, it wouldnt off been the right thing to do but I will tell you how it is. DCE have learnt from the point and the finish is an improvement. There are even a few touches extra like cornicing, floor tiles laid diagonal and trims etc. The kit is the same, bathrooms, kitchens tiles doors and wardrobes but it has been assembled with a bit more care. The end product is better and if all the appts are completed to the ones I went in which were only at consultant snag stage you aint got too much to worry about here.

Thanks CBP, sounds good. After viewing today, what do you guess handover dates will be?

Yes, great shots, many thanks for sharing :cheers:

Please tell Steve to pay up :lol::banana:

Enjoy the rest of your weekend, dont let me norse it up for you.

I am off for a drink.

http://i46.tinypic.com/2e4wwg6.jpg

CBP, What floors did you see?
Upto what floors are the apartments ready?

Steve you asked earlier about internal pics of TT. I was in there today viewing several appts but unable to take pictures, it wouldnt off been the right thing to do but I will tell you how it is. DCE have learnt from the point and the finish is an improvement. There are even a few touches extra like cornicing, floor tiles laid diagonal and trims etc. The kit is the same, bathrooms, kitchens tiles doors and wardrobes but it has been assembled with a bit more care. The end product is better and if all the appts are completed to the ones I went in which were only at consultant snag stage you aint got too much to worry about here.

"white extractor fans"!!
On what floors did you see the interiors ? Was it near the bottom? Any idea how many floors of interiors have been done?
Thanks for all the pictures.

CBP, What floors did you see?
Upto what floors are the apartments ready?

We overlapped and asked the same questions.

Perhaps you should be together.

Actually,we are together.......... on the same floor!

As Mackie said, not a chance of getting 135k for a 2 bed in the Torch. Lets get real now guys the market is moving downwards. Mag tower will be handing over before Torch so watch the prices advertised there.

My expectation for Torch rentals starting Summer 2011 earliest would be 1 bed 65k, 2 bed 85k. If you get more it will be a bonus but stop deluding yourselves with this 135k rubbish.

^^Looks like I was talking rubbish! These rents are already here today in the tallest block.

1 bed 940ft high floor furnished 65k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/hot-property-fully-furnished-1-br-in-marina-crow/

1 bed 940ft full sea/palm views 60k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/1br-with-sea-palm-views-in-marina-crown-in-dubai/

2 bed 1440ft, 90k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/dubai-marina-marina-crown-2brstorage1440sqft/

2 bed 1472ft 85k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/2-bedroom-marina-crown/

I think this is going to be the last year of easy lets. Next year could be a blood bath!

Yes price throughout the marina are dropping. eg. Dorrabay 1 bed fully furnished 4 cheques for 70k http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/6/1br-flat-for-rent-flexible-terms/

Marina Crown never managed to get a good rent for some reason. I think the torch marina views will do better.

^^Yeah but it's "motorway;)" view low floor and still higher price than tallest block high floor.

Used to be loads of 1 beds available in Dorrabay but not so much nowadays. I think the bridge is becoming a good selling factor:lol: Especially if you work in AD.

Point I was making Steve is tallest block is going to start saturating the market soon bringing prices down to the levels I had envisaged. I am surprised to see them available already. People need to be carefull now when preparing forecast rental incomes.

^^Looks like I was talking rubbish! These rents are already here today in the tallest block.

1 bed 940ft high floor furnished 65k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/hot-property-fully-furnished-1-br-in-marina-crow/

1 bed 940ft full sea/palm views 60k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/1br-with-sea-palm-views-in-marina-crown-in-dubai/

2 bed 1440ft, 90k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/dubai-marina-marina-crown-2brstorage1440sqft/

2 bed 1472ft 85k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/2-bedroom-marina-crown/

I think this is going to be the last year of easy lets. Next year could be a blood bath!

Like i said before, the tallest block will offer a multitude of quality and price all within a very small area due to the vertically rising landscape.

The closest thing to a completed Torch unit is Marina Heights. When all said and done the marina facing units in these 2 towers will offer truely unique views of Dubai Marina.

1 Bed 917 sqf 100k http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/13/1br-for-rent-in-marina-heights/

2 bed 1,300 sqf`120k http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/17/marina-heights/

3 bed 1,800 sqf 190k http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/marina-heights-3brmaids-fully-furnished-aed-190k/

Your right about one thing TB. This year and next year are going to be tough for landlords in Dubai, frozen/falling rents and increasing service charges bringing net yields down. If RERA or Dubai PLC don’t step in and sort this potential problem now then it could do some major damage to Dubai in the long term.

Even with a regional and global recovery in place if net yields continue to fall there could be an exodus of landlords over the next 6-24 months and capital values could fall further lowering Dubai to true Asian style valuations, not the western ones that many thought they were buying into.

About a year ago I said that unless someone in Dubai grows a pair of balls and starts to tackle problems like this head on, as the famous philosopher G.W. Bush once said;

"this sucker could go down".

Marina Crown never managed to get a good rent for some reason. I think the torch marina views will do better.

You will have plenty of competion in the marina view department including from Infinity. With a year to go before handover it could be a mistake to bet your life savings on it.

"white extractor fans"!!
On what floors did you see the interiors ? Was it near the bottom? Any idea how many floors of interiors have been done?
Thanks for all the pictures.

What pictures were you referring to here Sheltie?

Ignore me. I found them.

when are they planning on finishing/opening Dubai land? I guess we will all have to hope for holiday lets rather than a sudden surge of fresh workforce

The 11 years left of your LPP will have completed before dubailand is done. Perhaps the torch will be good for pension income then.

when are they planning on finishing/opening Dubai land? I guess we will all have to hope for holiday lets rather than a sudden surge of fresh workforce

As far as I'm aware it's pretty much on hold. Is there any evidence it will EVER be completed?

As far as I'm aware it's pretty much on hold. Is there any evidence it will EVER be completed?

Only few projects going on at the residential area but the most important projects (theme parks) ON HOLD now and still just desert.

Maybe around 2020-2030 is realistic for it.

^^Looks like I was talking rubbish! These rents are already here today in the tallest block.

1 bed 940ft high floor furnished 65k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/hot-property-fully-furnished-1-br-in-marina-crow/

1 bed 940ft full sea/palm views 60k.
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/1br-with-sea-palm-views-in-marina-crown-in-dubai/

2 bed 1440ft, 90k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/dubai-marina-marina-crown-2brstorage1440sqft/

2 bed 1472ft 85k
http://dubai.dubizzle.com/property-for-rent/apartmentflat/2010/2/22/2-bedroom-marina-crown/

I think this is going to be the last year of easy lets. Next year could be a blood bath!

What is the "typical" management/service charge for units in he TB?

23/February/2010

The Torch

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

http://i50.tinypic.com/281vjw1.jpg

Marina Crown never managed to get a good rent for some reason. I think the torch marina views will do better.

Marina Crown is the worst tower for living in Dubai Marina now.

We saw today with Charlie Big Potatoes, dust, noise, concrete pumping and whatever you want is there:)

Road is still not ready minimum 3 years for that area thats why the rent is very cheap there.

23/February/2010

The Torch, pool area

http://i46.tinypic.com/qz3qfc.jpg

http://i46.tinypic.com/211w493.jpg

http://i50.tinypic.com/2vt8f80.jpg

Good to see you today Imre. We visited The Marina Pinnacle and The Torch appts will get a much better rent. The position and finish is far superior. Now I can see why Marina Crown are so cheap, as Imre said this is a busy dirty area and will be for several years. The appts in MP are really dark only a couple have reasonable light.

Marina Crown is the worst tower for living in Dubai Marina now.

We saw today with Charlie Big Potatoes, dust, noise, concrete pumping and whatever you want is there:)

Road is still not ready minimum 3 years for that area thats why the rent is very cheap there.

I know what you mean, I spent a few nights in Westside next to Zumurud and the noise from constant angle grinders, drills, men shouting, banging, unloading lorries etc was intolerable. Balcony was filthy with dust so impossible to use. Crew Buses arrived at 6am with all the numpties shouting their heads off!

Most of the buildings around Torch should be complete around handover eg Mag, MP, Princess, Crown and Infinity so the dust should settle.

Just got to pray they don't start anything on the plot next door or infront for a good few years.

Many thanks Imre and Charlie. Your efforts are much appreciated :cheers:

Mackie you still got anything in here?

Yes, One unit on the 18th floor only :cheers:
I sold the other one @1550/sqft when times were good :cry: Had the money in the bank for this one too @ 1450/sqft from one of the guys on this forum but he had a change of heart at the last minute after signing and because he was nearly having a heart attack, I gave him his money back. It does not pay to be a nice guy, it cost me some money to return his money too :)
He is on this very forum :lol:

Good size pool.

Yes, One unit on the 18th floor only :cheers:
I sold the other one @1550/sqft when times were good :cry: Had the money in the bank for this one too @ 1450/sqft from one of the guys on this forum but he had a change of heart at the last minute after signing and because he was nearly having a heart attack, I gave him his money back. It does not pay to be a nice guy, it cost me some money to return his money too :)
He is on this very forum :lol:

Steve or HT :lol:

Good size pool.

Not, if there are a few neighbors my size :lol:

Steve or HT :lol:

No, one of the quite ones :)

^^ You can sit in the round kids pool section, and leave the main pool for us lot then :runaway:

cmon lads, there must be someone out there with a 66to73 07 1 bed who wants to sell.

^^ You can sit in the round kids pool section, and leave the main pool for us lot then :runaway:

With the money that you and Foxy are paying me, I could buy a few floatation devices too :lol::banana::banana:

cmon lads, there must be someone out there with a 66to73 07 1 bed who wants to sell.

IMHO, your money would be better in the back units 01 & 02 @ less than the OP, if you are after 1 brs. For all that we know, a few Philippinos architectural technicians could be modeling the new building as we write/read. ;)

I would not touch the front for now no matter how high unless you know for sure. And forget whatever anyone in Select say. The plot has no height restriction from what I know :cheers:

A reminder of the floor plans:

http://www.selectproperty.com/pdf/Torch_Floors_1-22.pdf
http://www.selectproperty.com/pdf/Torch_Floors_23-65.pdf
http://www.selectproperty.com/pdf/Floors_66-73.pdf

http://i45.tinypic.com/2jffvo5.jpg

http://i48.tinypic.com/2mrb9uh.jpg

I would not touch the front for now no matter how high unless you know for sure.

Marina views will most likely give you better rental returns for the next 6 years.

edit

ah I remember, all those years ago when the awesome salesman told me that my 02 apartment would look over the neighboring buildings and have great views of the burj and palm...anyone got any tartan paint they want to sell me

That same salesman told me exactly the same about a 12 appt. Guess what, he was right.

I got told my 06 apartment would have a wonderful marina view and lo and behold she was right, so far!!

Hey everyone LOOK!!! I can see Infinity popping up over GH.

It's like one of those horse races you get on video where your horse is leading the pack for ages, then a sprinter comes from no where and wins the race:laugh::banana2:

http://i45.tinypic.com/2jffvo5.jpg

Great pictures! Thank you guys!

thanks for all the imformation guys on the torch,
we have learnt more in the last month than in the
last 4 years ! i have to check out this site everyday
now !

ah I remember, all those years ago when the awesome salesman told me that my 02 apartment would look over the neighboring buildings and have great views of the burj and palm...anyone got any tartan paint they want to sell me

I've got a long weight to go with your tartan paint. Oh on a second thought we have all had one already, a long wait that is !!..

Great photos CBP and Imre.

Pool seems a reasonable size.

Anyone know why the pool was put on that side rather than overlooking the marina? Is it because Select knew that there would be something bllocking the views?

CBP do you have any photos for Marina Pinnacle, internal/external and views from apartments you visited?

24/February/2010

The Torch

http://i45.tinypic.com/2eb4ba0.jpg

http://i47.tinypic.com/1610xw3.jpg

http://i48.tinypic.com/2l8bww4.jpg

http://i45.tinypic.com/1ekg81.jpg

http://i46.tinypic.com/2e30kgn.jpg

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

http://i48.tinypic.com/e5k506.jpg

Imre, Was it very windy when you took these? All the cranes look like they are weather cocked and the chain blocks are blowing out in the wind. More down time for the cladders also I suspect.

Yes, I took these pics around 7:00 a.m , it was very strong wind this morning, just see the pool water, small waves :) :

http://i50.tinypic.com/2hwftj8.jpg

Yes, I took these pics around 7:00 a.m , it was very strong wind this morning, just see the pool water, small waves :) :

http://i50.tinypic.com/2hwftj8.jpg

I like the "no diving" sign on the balcony - yeeks, long way down!!!!

The Torch

With the money that you and Foxy are paying me, I could buy a few floatation devices too :lol::banana::banana:


http://i45.tinypic.com/117hbuq.jpg

If not, might be best to take it out of the general maintenance fund.

I can't believe you still wear speedos Steve !! :ohno:

^^ :lol: I will get a new pair before I move in on TBC

http://i47.tinypic.com/ve8ztl.jpg

We are pleased to announce that significant progress has been
made on The Torch since our last project update, notably that
the Torch has now ‘topped out’. The slab Roof 2 has been cast
and the concrete pour for all residential floors has been
completed. In addition, the aluminium cladding and balconies
is now approximately 65% complete.

Internally, finishing and snagging has also progressed well over
the past 2 months. Tiling works, plastering and painting has
reached the 71st floor and NEB carried out the first snagging
inspection on the 21st Jan 2010. This inspection began on the
7th floor and by the end of Jan, 3 floors were completed.

Other internal works include the lift installation, with 4 lifts now
operational, and 4 in progress. The installation of internal
partitions has also moved forward well and has now reached
the 81st floor with the 1st fix MEP work carrying on to the 79th
floor. Architectural finishes have also taken place on the 77th
floor.

Good progress has also been made on the Podium. External
finishes have taken place and the installation of the pre-cast
elements has started.

http://i48.tinypic.com/72dj49.jpg

We are pleased to announce that significant progress has been
made on The Torch since our last project update, notably that
the Torch has now ‘topped out’. The slab Roof 2 has been cast
and the concrete pour for all residential floors has been
completed. In addition, the aluminium cladding and balconies
is now approximately 65% complete.

Internally, finishing and snagging has also progressed well over
the past 2 months. Tiling works, plastering and painting has
reached the 71st floor and NEB carried out the first snagging
inspection on the 21st Jan 2010. This inspection began on the
7th floor and by the end of Jan, 3 floors were completed.

Other internal works include the lift installation, with 4 lifts now
operational, and 4 in progress. The installation of internal
partitions has also moved forward well and has now reached
the 81st floor with the 1st fix MEP work carrying on to the 79th
floor. Architectural finishes have also taken place on the 77th
floor.

Good progress has also been made on the Podium. External
finishes have taken place and the installation of the pre-cast
elements has started.

They do love that word, significant progress......

Am I being cynical or are the internal shots used in the update from The Point rather than The Torch as the layout does not seem to fit the torch set up on the floor plans ?

^^ Its the interior of the larger 1 beds. original plan was extended.

Only releasing snipits of info which sound good but don't really tell you anything. What we want to know is how many floors are complete and locked up, how many are just on final decor, how many are on final fix kitchens sanitary wares etc.

We could interpret the report to say that only 3 floors are complete and presentable for snagging, they don't tell us anything else. After these 3 floors were inspected at end of January, how many more floors were inspected? Apparently none!

"Good progress", "progressing well" pretty hollow statements when the dates are slipping with every update.

Final inspection June 10, I don't think so.
Final certificate July 10, ditto. They are just leaving these dates in as they don't want to revise them and let the cat out of the bag too early.

Still think 2011 earliest.

^^ Its the interior of the larger 1 beds. original plan was extended.

Thanks Steve. They look quite roomy for 1 beds.

Seems like they are aiming for first people to move in on Oct/Nov 2010 in very best case scenario with all snagging done by Jun 2011

Seems like they are aiming for first people to move in on Oct/Nov 2010 in very best case scenario with all snagging done by Jun 2011

I cant see people moving in this year but with 658 appartments to handover the sheer logistics involved would suggest to me that it will be a staggered affair drawn out over 6-8 months commencing Quarter 3 2010. Reading Park Island and Marina Quays threads would suggest a long drawn out handover process. Having seen the tower on the inside late last year i see no reason why the lower third of the tower cant commence orientation/client snagging in the summer.

I promise to make this my last ramble for atleast 1 day:rant:

Just get a bit annoyed at this lot redefining meanings of key words and phrases. We have already had "force majeure" completely redefined and "good progress" aparently means they are years late but have moved in the right direction and not acheived any of their current goals. Now I am fizzing to read that they are declaring that they have "topped out" the structure and even have the cheek to tick the box on their update:gaah:

http://i45.tinypic.com/1ekg81.jpg

^^:ohno:

Select's dictionary of redefined construction phrases should be in the shops in time for April 1st

The Torch swimming pool and outdoor leisure area is looking great. This will be one of the biggest pools I have seen in the Marina. It looks massive. Separate kids pool and Jacuzzi as well. 5 star hotel stuff for Torch residents and tenants to enjoy.

http://i49.tinypic.com/199ikg.jpg



Some poor people have to put up with this tiny little pool. This example is a pool in the Marina for a 40 floor development, half the size of the Torch but with a pool less than 25% of the size.

http://i50.tinypic.com/30xfxo1.jpg

^^
I promise to make this my last ramble for atleast 1 day:rant:

Check the pool at Iris Blue. You need to be an olympic medalist to swim a length.

http://i49.tinypic.com/199ikg.jpg

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

Iris blue pool looks similar is size to the Torch one overall. I think Iris Bluse and The Torch have the 2 biggest pools in the marina.

^^^^Select please note the quality of the pool deck furniture at IB, its something similar to that at the GH and nothing like Roman Road market crap you stuck by the pool at TP.

I can't believe you still wear speedos Steve !! :ohno:

There is nothing wrong with Speedos, it magnifies the beer belly :lol::banana:

And if Steve does not stop publishing these private photos, I will do my best belly flop and cause a tsunami while he is in the pool :lol:


As for the Dates from Select, what can I say? I advised them back in March last year to stop drip feeding the bad news and tell it how it is, as they risk loosing whatever credibility they have left. Still they insist on publishing this rubbish.

Power on in April (not permanent power, no chance of a DEWA final connection for utilities while the building in this state).

Final certification by July, again not a chance. We are a year away from that minimum.

Defect Liability should be a year from handover date, DCE tried this one in a couple of other buildings too.

You can not and should not snag a property without permanent connections on for both water and power. The common areas should also be in a good state at the same time.

Anyone who accepts anything different deserves what they get and can’t complain later. :cheers:

If the handover is supposed to be happening as they say, have those on LPP had the addendum yet and if not why not? I take it the same will apply here. Have any of you here asked sp about this and whats the response?

With the dhs at 5.62 this morning not a bad time to sell. Im still looking for high 07 1 bed around 65 or highish 12 above 15th or even a very high 2 bed if someone wants an easy out, no silly agents fees.....

[QUOTE=mackie1964;52486267]There is nothing wrong with Speedos, it magnifies the beer belly :lol::banana:

Sorry Mackie, Did not plan out to offend the beer belly, I know alot of investment goes into developing one ! :lol: :cheers:

I promise to make this my last ramble for atleast 1 day:rant:

Just get a bit annoyed at this lot redefining meanings of key words and phrases. We have already had "force majeure" completely redefined and "good progress" aparently means they are years late but have moved in the right direction and not acheived any of their current goals. Now I am fizzing to read that they are declaring that they have "topped out" the structure and even have the cheek to tick the box on their update:gaah:

Select's dictionary of redefined construction phrases should be in the shops in time for April 1st

Not sure what would be worse - no information which seems to be what many/most developers provide, - or misleadfing information which I suspect is what all developers who do provide information disseminate to their investors.

They must be only a couple of weeks from Topping Out so I wouldn't be too harsh on them over that - and in any case although it's an event given a lot of attention here it's actually pretty meaningless in terms of getting my keys. Some of the other dates in that respect seem unduly optimistic according to most here.

[QUOTE=mackie1964;52486267]There is nothing wrong with Speedos, it magnifies the beer belly :lol::banana:

And if Steve does not stop publishing these private photos, I will do my best belly flop and cause a tsunami while he is in the pool :lol:

Anywhere near the mall today..lol

Check the pool at Iris Blue. You need to be an olympic medalist to swim a length.

And not many olympians around either Pete LOL

If the handover is supposed to be happening as they say, have those on LPP had the addendum yet and if not why not? I take it the same will apply here. Have any of you here asked sp about this and whats the response?

With the dhs at 5.62 this morning not a bad time to sell. Im still looking for high 07 1 bed around 65 or highish 12 above 15th or even a very high 2 bed if someone wants an easy out, no silly agents fees.....

6903 3 bed?

The pool looks like a decapitated fish - or a bowling pin if you include the jacuzzi thingy. But OK size.

800 - residents 1 jacuzzi..... - gotta be the earlybird.....

:banana:

The pool looks like a decapitated fish - or a bowling pin if you include the jacuzzi thingy. But OK size.

800 - residents 1 jacuzzi..... - gotta be the earlybird.....

:banana:

You'll never be out there before the Germans!

Sorry if that offends any Germans; - you guys never do get the jokes about having your towels on the sunbeds at 05:00 a.m. I guess you see it as a serious business! :lol:

Strong wind and sandstorm today but I have few pics:)

26/February/2010

The Torch

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

http://i45.tinypic.com/axcw1e.jpg

http://i46.tinypic.com/6fmk2q.jpg

http://i47.tinypic.com/oku107.jpg

http://i49.tinypic.com/286zwua.jpg

http://i45.tinypic.com/2ivee0x.jpg

http://i48.tinypic.com/2ns7wa0.jpg

http://i48.tinypic.com/v3it0l.jpg

We own a 1 Bed apartment 04 in the Torch if anyone is interested in purchasing?

Has anyone sold their apartment in the Torch recently through Select? We've been advised we should expect to still pay 5% commission to them even if we sold through another agent or direct to a purchaser.

Also Select told us that even though we have paid the Rera fee, we should expect to pay this again when selling our apartment of 1% and also the buyer has to pay 1% their end. Does this seem right? Sorry, but can't and don't trust Select anymore with anything they say.

Has anyone sold their apartment in the Torch recently through Select? We've been advised we should expect to still pay 5% commission to them even if we sold through another agent or direct to a purchaser.

Also Select told us that even though we have paid the Rera fee, we should expect to pay this again when selling our apartment of 1% and also the buyer has to pay 1% their end. Does this seem right? Sorry, but can't and don't trust Select anymore with anything they say.

I know the RERA bit is correct but I don't know about paying a commission to Select

Has anyone sold their apartment in the Torch recently through Select? We've been advised we should expect to still pay 5% commission to them even if we sold through another agent or direct to a purchaser.

Also Select told us that even though we have paid the Rera fee, we should expect to pay this again when selling our apartment of 1% and also the buyer has to pay 1% their end. Does this seem right? Sorry, but can't and don't trust Select anymore with anything they say.

They are crooks!
Get some legal advice!

Has anyone sold their apartment in the Torch recently through Select? We've been advised we should expect to still pay 5% commission to them even if we sold through another agent or direct to a purchaser.

If you signed a contract with Select to sell your apartment already then this is legal and correct. The same applies to most UK estate agents with a exclusive minimum term contract and is perfectly normal.

Have a high floor 3 bed and interested in possible swap for a villa in the local area - anyone any ideas how to progesss?

Has anyone sold their apartment in the Torch recently through Select? We've been advised we should expect to still pay 5% commission to them even if we sold through another agent or direct to a purchaser.

Also Select told us that even though we have paid the Rera fee, we should expect to pay this again when selling our apartment of 1% and also the buyer has to pay 1% their end. Does this seem right? Sorry, but can't and don't trust Select anymore with anything they say.

Hi I have bought one recently direct and will ask the seller if he had to pay them anything, we had no agent involved. We are both paying 1% for the transfer.

Thanks for all your responses and appreciate you checking Charlie. We bought in 05 and can keep paying for it but its just dragged on for so long, its delaying us buying a bigger home in UK. Can't believe it was supposed to be finished in 07!!! Select are no help whatsoever and can't believe they are advertising apartments in the Torch at Launch prices. Doesn't help us investors out and is crazy!! They get annoyed at us keep asking for info (cheek of it) and keep changing the info they give us.

Is an 04 apartment, floor 11 any good? In an ideal world, we would like to keep hold of it but am worried about the rent not covering the payments etc and being up against so many apartments. Haven't been to Dubai since 08 and it was just an empty shell and only 6 floors high.

We did try and terminate our contract recently as our UK solicitor said they can't keep claiming Force Majeur but of course they just came back to us claiming Force Majeur and we don't want to waste our time or money going through courts which I think it would result in.

This site is invaluable and I'll ensure to keep you up to date with our situation. Thanks

Thanks for all your responses and appreciate you checking Charlie. We bought in 05 and can keep paying for it but its just dragged on for so long, its delaying us buying a bigger home in UK. Can't believe it was supposed to be finished in 07!!! Select are no help whatsoever and can't believe they are advertising apartments in the Torch at Launch prices. Doesn't help us investors out and is crazy!! They get annoyed at us keep asking for info (cheek of it) and keep changing the info they give us.

Is an 04 apartment, floor 11 any good? In an ideal world, we would like to keep hold of it but am worried about the rent not covering the payments etc and being up against so many apartments. Haven't been to Dubai since 08 and it was just an empty shell and only 6 floors high.

We did try and terminate our contract recently as our UK solicitor said they can't keep claiming Force Majeur but of course they just came back to us claiming Force Majeur and we don't want to waste our time or money going through courts which I think it would result in.

This site is invaluable and I'll ensure to keep you up to date with our situation. Thanks

Hi Bling. My seller informs me that he has never entered into a sales deal with select and therefore he needs to pay them nothing. In the UK I think if you enter into a 12 weeks sales period with say Foxtons and sell the next day to your mum they can still come to you for a fee. You say you find the site invaluable and therefore must be prepared to take the rough with the smooth if you ask questions. Your 11th floor 04/05 as you have quoted both(will not matter which one it is in this case) is not worth op at the moment and will not sell at that price. The best top floor 2 beds with views are not selling at that as we speak. There is a 2 bed on here last week for 710 psf and some in Dubai even less! Dependant on what you bought your dhs at, the rate is very favourable for sellers at the mo. Tenants will be hard to find when this hands over in a year and the prime views will be so so important. Cmon lads beg to differ.......

Hi Bling. My seller informs me that he has never entered into a sales deal with select and therefore he needs to pay them nothing. In the UK I think if you enter into a 12 weeks sales period with say Foxtons and sell the next day to your mum they can still come to you for a fee. You say you find the site invaluable and therefore must be prepared to take the rough with the smooth if you ask questions. Your 11th floor 04/05 as you have quoted both(will not matter which one it is in this case) is not worth op at the moment and will not sell at that price. The best top floor 2 beds with views are not selling at that as we speak. There is a 2 bed on here last week for 710 psf and some in Dubai even less! Dependant on what you bought your dhs at, the rate is very favourable for sellers at the mo. Tenants will be hard to find when this hands over in a year and the prime views will be so so important. Cmon lads beg to differ.......

Only one comment Charlie;
IMHO, all one bedded in this tower will do very well, even low floors and especially 01 and 05. For a short time, 07 and 08 will be attractive but in the future and when the front row gets build, the 01, 05 and to a degree 02 will have the best prospects out of all the 1 bedded. If it was a different developer, I would easily pay around the 900/sqft for 05 and 01 between 10th and 22nd floor. Just my opinion :cheers:

Appreciate your advice and opinions and take it all onboard. We've been involved in this investment for so long now, that we are well use to taking the rough with the smooth (unfortunatley more rough at the moment). Should just be grateful that we've bought somewhere in the Marina as it could have been a whole lot worse. Sorry if I wasn't clear, but mean't we bought in 2005 on 11th Floor, apt 04. Thanks for checking with your seller Charlie, much appreciated. Only time will tell how prices and the whole Dubai market will pan out, until then its just a guessing game, but interesting to see what's actually happening now, so appreciate the update.

Thanks goodness for this site!!! Not sure what we are going to do now, but will keep you informed.

My main concern at the moment is to comfortably cover the LPP payment with the rental income in 2011 onwards. I would prefer to hold for the next 7 to 11 years and pay off everything with rental income, without it costing me anything more. I think 2011 and 2012 may require additional funding however as I calculate I will need at leat AED 115k per year in rent for my high floor 2 bed marina facing to cover all costs (bought at OP in 05). If it is going to cost me a lot of money to keep it going in the first years then it would be better to try and sell at a high price as possible now and pay off some of my UK mortgage, since I fear UK interest rates may zoom up in 2011.

Steve what do you call "as high a price as possible now"?

My main concern at the moment is to comfortably cover the LPP payment with the rental income in 2011 onwards. I would prefer to hold for the next 7 to 11 years and pay off everything with rental income, without it costing me anything more. I think 2011 and 2012 may require additional funding however as I calculate I will need at leat AED 115k per year in rent for my high floor 2 bed marina facing to cover all costs (bought at OP in 05). If it is going to cost me a lot of money to keep it going in the first years then it would be better to try and sell at a high price as possible now and pay off some of my UK mortgage, since I fear UK interest rates may zoom up in 2011.

I'm in a similar position Steve. I used equity from my UK property to buy my 2 bed on the SPP. It was supposed to be a scheme that was going to make enough gain so that sale of the apt 5 years after purchase in Mar 2006 would pay off the mortgage in the UK. It hasn't really worked but I'm not too despondent; - I have options to hold and rent for a few years. At least profit from renting will reduce the UK mortgage until such a time as a sale would pay the rest off. It will work out but it's just going to take a lot longer than I planned. Ho hum; - the best laid plans of mice and men, - and all that.

I would not touch the front for now no matter how high unless you know for sure. And forget whatever anyone in Select say. The plot has no height restriction from what I know

Interesting comments.

Still plenty of hearsay surrounding the massive plot in front of the Torch, which for me could make or break the deal for the Torch depending on what gets delivered.

What we do know is this.

In the height of the boom when liquidity and funding was easy, a greedy developer would of put 3 x 100fl towers here if they could of gained permission.

FACT is they were refused permission and scaled down the development to consist of 2 x 60fl towers. This tells us that whoever gets the final sign off for developments here wants to try and achieve a degree of aesthetic, practical and logistic 'peace and love'.

The reality of this situation now is that liquidity and funding is tighter, (some might say non existent in Dubai), real estate demand has ceased to exist, supply in the locality is increasing and will continue to do so until at least 2015 and selling prices of real estate close to this plot don’t make residential units a particularly attractive business proposition anymore.

If we rule out the RUMOUR that the land was gifted by Sheikh M to the current owner, then the following logic can be applied.

You can now buy completed units ready to live in/rent for Dh800 psf - Dh1,200 psf in this district. I believe construction costs are around Dh400-500 psf in Dubai. Marketing and associated costs must also be around Dh100 psf. This doesn’t leave a lot of room for the purchase cost of the land on what is arguably the prime undeveloped plot in the Marina before you are up to a break even cost of around Dh700 – Dh900 psf. Add into the mix that a 40fl-60fl development of this size would be a 4-5 year delivery window, I’d say it’s not viable. Emaar phase 1 towers are the current centrepiece of this end of the Marina, and I suspect they (Emaar), would want to retain some kind of status/kudos as the masterplan developer. A prominent Sheikh owns a 60fl hotel here also, and I would imagine that he wants to preserve his assets value/interests too.

Even towers like Infinity and Damac Heights have been scaled back in height post launch, so I see less here, not more.

Hi to all
I am new to this forum. I have an apt in torch and would like to know if there are any good l
places for furniture in Dubai

^^
http://img14.imageshack.us/img14/4476/sofakingu.jpg

^^
http://img14.imageshack.us/img14/4476/sofakingu.jpg

thank you for your information. i have flat 511 and i would like to know if it is sea facing or marina facing. i have not been to dubai since i bought the apt in torch in oct 2006. hope all the complition is not too far now
once again thanks true blue

unit 11 is a sea facing apartment and could potentially have a sea view between Le Reve and Princess Tower. Will be better if the keep the mirror glass windows clean in Le Reve:)

Thats assuming SG aint moved the sea:lol:

Is 511 not underground?

Jack1961, you should be able to see your apartment on this picture.

http://i48.tinypic.com/5u04fq.jpg

Jack1961, you should be able to see your apartment on this picture.

http://i48.tinypic.com/5u04fq.jpg

i dont know which one is mine lol but hope i can have sea view even partial will do .but was more keen that i dont get completly blocked off by two towers in front of me apt
thanks to all for your coment special thanks to charlie big for his comment :lol:

Is 511 not underground?

i just hope it is not underground.. or all the money i have paid is gone down the drain lol
but i m plannin gto make a visit probably next month so i ll have more idea of torch.

Jaci on a serious note your balcony is the one right above that tree, hope this helps.

Steve what do you call "as high a price as possible now"?

I would sell if I could return £90k or more to the UK after paying off AED 740k left to prepay LPP contract.

Steve how much psf?

Steve how much psf?

How much did you pay last Friday Charlie? :lol:

Steve how much psf?

At current exchange rate, my absolute minimum works out at around 970psf for 2 bed (1278 sq ft) marina view high floor with option to pay 740k over 11 years.

i just hope it is not underground.. or all the money i have paid is gone down the drain lol
but i m plannin gto make a visit probably next month so i ll have more idea of torch.
We bought on floor 6 and at that time it was the bottom floor with the podium below. They then decided to have 6 floors of fractional ownership apartments (timeshare) so all the floors moved up 6 floors.
It sounds a bit complicated but it means that they must have sold some of them outright if they couldn't get them sold as timeshares.
You will be 5 floors above the podium and we are on the floor above.

At current exchange rate, my absolute minimum works out at around 970psf for 2 bed (1278 sq ft) marina view high floor with option to pay 740k over 11 years.

listed my 2 bed 1382ft (Dorra) for rent and a potential tenant viewed the apartment and asked agent if I would consider selling as they were very interested.

I am not really in the market for selling but considering the current exchange rates It might be a good time. I spoke to the agent and explained that this was a handpicked apartment with a good spec, direct marina views and sea views in the only non JBR building that is inline with the JBR walk so I would be looking for a rate nearer the higher end of the market, in other words if we are not talking 1.75M plus then forget it.

The so called desperate to buy couple offered 1.3M which works out at 940psf. Makes a complete mockery of the prices Select are quoting in their ad above, from 3000psf etc.

^^ What add above for 3000psf and what has selling of your apartmeent got to do with the Torch thread?

listed my 2 bed 1382ft (Dorra) for rent and a potential tenant viewed the apartment and asked agent if I would consider selling as they were very interested.

I am not really in the market for selling but considering the current exchange rates It might be a good time. I spoke to the agent and explained that this was a handpicked apartment with a good spec, direct marina views and sea views in the only non JBR building that is inline with the JBR walk so I would be looking for a rate nearer the higher end of the market, in other words if we are not talking 1.75M plus then forget it.

The so called desperate to buy couple offered 1.3M which works out at 940psf. Makes a complete mockery of the prices Select are quoting in their ad above, from 3000psf etc.

If I was a potential buyer in the current market I would do the same try to get your apt at crazy prices. This was a potential tennant he was obviously trying it on with a crazy offer!

Hi there you guys, not been on here for a while but I have been viewing the posts from time to time.

The same old story, I have been trying to get someone at Select to put in writing what will happen if I stop payments until the apartment is handed over. I have had e-mails saying that I would get a statement in 2 days, I have had phone conversations whereby someone has told me that they will personally send me a statement, and you guessed it I have had nothing for the last 6 months.

I was in Dubai a few weeks ago and paid a visit to The Point as I had received an e-mail that inferred that there was some sort of team there apparently called the customer service team.

I called in but the only person available to speak to me was the manager, so I asked him a few questions none of which he seemed to be able to answer. He suggested a phone number to call and so I did.

I spoke to an oriental lady at head office for about 30 minutes, firstly she totally dismissed my suggestion to meet someone from her office, I explained that I wanted to miss forthcoming payments until they could hand me my keys. The lady said that this was not a good idea, I asked if the money I had already paid would be taken from me legally in spite of the current and forthcoming delay. She declined to answer.

The lady went on to say that there was a current court case and that they were awaiting a judgment, this would confirm whether or not they could actually take someone’s money on a LLP plan if they refused to pay due to the development being so late.

The obvious question is has anyone heard about such a court case and its outcome???? and has anyone actually been totally taken for a ride and had their payments taken for none payment??????

The other thing is, do Select really think that nobody clicks on when they are constantly changing their goals in the monthly up-dates, talk about crapping in your own bed these people are really out of order and giving Dubai a bad-bad-bad name. The Wild West springs to mind, but then again in the Wild West you could shoot back – I guess that was fair play at least.

Any way I have just about come to the conclusion that selling may be the best option, 2 bed, 18th floor ish – anyone.

OK that’s enough of me, thank you to the guy (Imere) who is always putting on the pictures they really do keep you sane in this messy business.

THANK YOU.

My main concern at the moment is to comfortably cover the LPP payment with the rental income in 2011 onwards. I would prefer to hold for the next 7 to 11 years and pay off everything with rental income, without it costing me anything more. I think 2011 and 2012 may require additional funding however as I calculate I will need at leat AED 115k per year in rent for my high floor 2 bed marina facing to cover all costs (bought at OP in 05). If it is going to cost me a lot of money to keep it going in the first years then it would be better to try and sell at a high price as possible now and pay off some of my UK mortgage, since I fear UK interest rates may zoom up in 2011.

Dear Steve

Thank you for your post and to everyone else who regulary contributes to this thread.

I have 2 2beds in the Torch on the LPP and would also like to calculate covering costs with rental income and how much I would have to top up as my investment stratergy is very similar to your post.

Could you be so kind as to post how you made your calculations and aprox figures you based it on.

Thank you

Mark

listed my 2 bed 1382ft (Dorra) for rent and a potential tenant viewed the apartment and asked agent if I would consider selling as they were very interested.

I am not really in the market for selling but considering the current exchange rates It might be a good time. I spoke to the agent and explained that this was a handpicked apartment with a good spec, direct marina views and sea views in the only non JBR building that is inline with the JBR walk so I would be looking for a rate nearer the higher end of the market, in other words if we are not talking 1.75M plus then forget it.

The so called desperate to buy couple offered 1.3M which works out at 940psf. Makes a complete mockery of the prices Select are quoting in their ad above, from 3000psf etc.

I would tend to agree with Arfie TB. This doesn't reflect anything at all about values it was just a chancer 'avin a punt!

So what do you think your Dorra Bay gaff is really worth psf? I guess with all it's advantages it must be only a little below what you'd get for an average 2 bed apt in the Tallest Block!:)

Not sure why we are discussing Dorra Bay here but it seems that 1.2 - 1.3m is the going rate for a completed 2 bed Dorra Bay unit

http://www.gnads4u.com/doc.html?_a=view&id=6095555&t=properties
http://www.gnads4u.com/doc.html?_a=view&id=7026274&t=properties

Dear Steve

Thank you for your post and to everyone else who regulary contributes to this thread.

I have 2 2beds in the Torch on the LPP and would also like to calculate covering costs with rental income and how much I would have to top up as my investment stratergy is very similar to your post.

Could you be so kind as to post how you made your calculations and aprox figures you based it on.

Thank you

Mark

Just a simple calc for now -> Minimum rent required = 4 x LPP quarterly payment + AED 20 psf for maintenance and running cots.

Here we go again, this one offers this, this one offers that, back to facts here and now and not what might be in a years time. Talks very openly offered his 2 bed on here and has had it with sp for 6 months at 870dhs or 709 dhs per sq foot. Please come on Talks and let us know if its still available, then you can gauge TODAYS value. I think this appt is on the money. Yousuf, any info on Tickled Pink 37m SS would be usefull.

http://i48.tinypic.com/72dj49.jpg

will this appt be similar to my 511 apt?
which is 0ne bed

Jack 1961, are you mackie 1964's older brother ?? :lol:

Jack 1961, are you mackie 1964's older brother ?? :lol:

i am not and i dont even know that person sorry ifi have disappoint you :ohno:

Jaci on a serious note your balcony is the one right above that tree, hope this helps.

cbp thanks for the pic. that gave me good idea about the location of my apt. just waiting to see wat it looks like form inside if any 1 can send me the pic of interiors of the flat of any floor between 1-16.

^^And make him (or her) a cup of tea while you are at it :lol:

Here we go again, this one offers this, this one offers that, back to facts here and now and not what might be in a years time. Talks very openly offered his 2 bed on here and has had it with sp for 6 months at 870dhs or 709 dhs per sq foot. Please come on Talks and let us know if its still available, then you can gauge TODAYS value. I think this appt is on the money. Yousuf, any info on Tickled Pink 37m SS would be usefull.

I've PM'd you for some boat chat!

^^And make him (or her) a cup of tea while you are at it :lol:

while i am at what?? lol

Ill have a coffee please, white, no sugar. :cheers:

ps. CBP, I decided I am not selling before completion for less than 1050psf

Here we go again, this one offers this, this one offers that, back to facts here and now and not what might be in a years time. Talks very openly offered his 2 bed on here and has had it with sp for 6 months at 870dhs or 709 dhs per sq foot. Please come on Talks and let us know if its still available, then you can gauge TODAYS value. I think this appt is on the money. Yousuf, any info on Tickled Pink 37m SS would be usefull.



Yes still very much available.Selling price is 870,000AED/709AED(SQ FT)

Hope to travel in mid April,going to go with a large notice and stand outside the site advertising for sale at 709AED (SQ FT).
I'AM BEING REALLY SERIOUS.

Yes still very much available.Selling price is 870,000AED/709AED(SQ FT)

Hope to travel in mid April,going to go with a large notice and stand outside the site advertising for sale at 709AED (SQ FT).
I'AM BEING REALLY SERIOUS.

Rera March 2010 rental index.

Dubai Marina/2 bed 80 to 160.Great guidance this index.

^^ What add above for 3000psf and what has selling of your apartmeent got to do with the Torch thread?

My apologies, the ad is for commercial properties and was posted on the BC thread. I was giving you an indication of what buyers are ready to pay for apartments they can see and move into tomorrow. You were offering yours at a higher price and a buyer can not view the apartment and would have to pay out a chunk of money for the privelege of waiting another year to get the keys.

We bought on floor 6 and at that time it was the bottom floor with the podium below. They then decided to have 6 floors of fractional ownership apartments (timeshare) so all the floors moved up 6 floors.
It sounds a bit complicated but it means that they must have sold some of them outright if they couldn't get them sold as timeshares.
You will be 5 floors above the podium and we are on the floor above.

Are you on no 11 as well. That is. 611?

Vedeo of the torch Apartment !
http://www.youtube.com/watch?v=XjgiaysJdIU

Can you tell me what floor this video was filmed in? Seems like few floors below mine which is on 5th. (511)

My apologies, the ad is for commercial properties and was posted on the BC thread. I was giving you an indication of what buyers are ready to pay for apartments they can see and move into tomorrow. You were offering yours at a higher price and a buyer can not view the apartment and would have to pay out a chunk of money for the privelege of waiting another year to get the keys.

Why cant the punter view, I was in a dozen last week. You are dead right about the year for the keys though.

Steve is at 1050 and Talks at 700 same size 2 beds. Similar appts. different views. Ive always promoted views but to the value of 50% more, I think not. This must go for you soon Talks.

Steve is at 1050 and Talks at 700 same size 2 beds. Similar appts. different views. Ive always promoted views but to the value of 50% more, I think not. This must go for you soon Talks.



Hope so.After the first 6 months contract I renewed for 90 days with select resale.Not even an offer.

Something very strange with the resale team.The last time I called the phone was answered with a different company name.Although quickly I got a short explanation and put through to the correct person.

When the contract is up I'll use someone different.

Ever try using the talk to online team.They told me there was only 8/ 2 bed
apt for sale.I would have believed more.would do you think.

Steve is at 1050 and Talks at 700 same size 2 beds. Similar appts. different views. Ive always promoted views but to the value of 50% more, I think not. This must go for you soon Talks.



Hope so.After the first 6 months contract I renewed for 90 days with select resale.Not even an offer.

Something very strange with the resale team.The last time I called the phone was answered with a different company name.Although quickly I got a short explanation and put through to the correct person.

When the contract is up I'll use someone different.

Ever try using the talk to online team.They told me there was only 8/ 2 bed
apt for sale.I would have believed more.What do you think.

Are you on no 11 as well. That is. 611?

I'm 606.

Steve is at 1050 and Talks at 700 same size 2 beds. Similar appts. different views. Ive always promoted views but to the value of 50% more, I think not. This must go for you soon Talks.

If you knocked talks down to 700 now, go for it that will give you a great cash flow investment. I might go for it myself.

I am surprised at Select not selling anything at this level, they must be rubbish.

I'm 606.

606 thats two bedroom and marina facing .. i guess its hard to figure which opne is where unless i look at plans

606 thats two bedroom and marina facing .. i guess its hard to figure which opne is where unless i look at plans

Just had a look at the plan. If you know where 06 is then 12 is diagonally opposite. If you stand on the road facing 12 then 11 is to the right. You won't see any of the marina but might see between the other buildings.

606 thats two bedroom and marina facing .. i guess its hard to figure which opne is where unless i look at plans

Go back and look at True Blues picture and the the apartments on the corner nearest are 06. Your apartment is not on that picture.

If you knocked talks down to 700 now, go for it that will give you a great cash flow investment. I might go for it myself.

I am surprised at Select not selling anything at this level, they must be rubbish.

Steve I aint knocked nobody down to nothing. Talks appt is for sale at 870000 by 1227 sq feet = 709dhs psf. It got there all on its own. Go ahead and buy it, its on the money. Views are not worth the 50% more you are thinking about.

One other difference is that mine comes with a transferable payment plan but I am not really keen on selling.

02/March/2010

The Torch and Princess Tower

http://i49.tinypic.com/10youip.jpg

02/March/2010

The Torch and Princess Tower

http://i48.tinypic.com/2la4s5z.jpg

http://i49.tinypic.com/20a43tk.jpg

http://i50.tinypic.com/2m4x1qv.jpg

http://i47.tinypic.com/kb94bk.jpg

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

It's an excellent price against other properties from a per sq ft basis and given the current 5.47 exchange rate to the pound, still gives a reasonable return to a distressed seller.

Good luck Talks, I'm sure it will sell tomorrow once you have signed and returned the new SP agreement!

The Torch

Go back and look at True Blues picture and the the apartments on the corner nearest are 06. Your apartment is not on that picture.

now i got the picture of whole building and the facing of flats as welll thanks for the help

Sheltie hi. If you are talking about TBs recent pic on post 11598 I think you may be mistaken. This shot would of been taken around the barasti area and on jacks floor that corner is 12 11 and 01. All these have baristi, palm views and when you get up to about 10th floor 12 and 01 have a great Burj Al Arab view, promise.

Sheltie hi. If you are talking about TBs recent pic on post 11598 I think you may be mistaken. This shot would of been taken around the barasti area and on jacks floor that corner is 12 11 and 01. All these have baristi, palm views and when you get up to about 10th floor 12 and 01 have a great Burj view, promise.

does it means i ll have to go to someones 10th floor or upwards to view burj dubai :ohno:

It's an excellent price against other properties from a per sq ft basis and given the current 5.47 exchange rate to the pound, still gives a reasonable return to a distressed seller.

Good luck Talks, I'm sure it will sell tomorrow once you have signed and returned the new SP agreement!

The Torch




Hope so.If not it will show that sp resale are a complete timewaster.

If the aed/gbp keeps in my favour prehaps it may go under the 700per sq/ft.

Now that would start some good conversations.

Sheltie hi. If you are talking about TBs recent pic on post 11598 I think you may be mistaken. This shot would of been taken around the barasti area and on jacks floor that corner is 12 11 and 01. All these have baristi, palm views and when you get up to about 10th floor 12 and 01 have a great Burj Al Arab view, promise.

Hi CBP, sorry, I see what you mean. I was looking at completely the wrong building. Sorry Jack that is your one above the tree. You should get a view between the buildings.

Hi CBP, sorry, I see what you mean. I was looking at completely the wrong building. Sorry Jack that is your one above the tree. You should get a view between the buildings.

Hope the tree doesn't get any higher!

Im surprised you recognized that as a tree living on Shetland. When we built Sullom Voe 30 years ago there wasnt any. You will have to keep it well pruned! Is the owner of 1307/8 on here? if so please pm me. Man utd where the hell are you. Back in town on 19 to 23 if your about.

Hi CBP, sorry, I see what you mean. I was looking at completely the wrong building. Sorry Jack that is your one above the tree. You should get a view between the buildings.

:lol:It's bad enough when an off plan owner has no clue where their apartment is in the building or what view it has, but to not know what building you have bought in, Sheltie!!!!!!!!!!!:rofl:

Hope the tree doesn't get any higher!

seems like tree willl deffo get taller b4 i get the possesion of my apt lol

:lol:It's bad enough when an off plan owner has no clue where their apartment is in the building or what view it has, but to not know what building you have bought in, Sheltie!!!!!!!!!!!:rofl:

TB it happens when u sign the papers for apt 4 to 5 yrs back u do loose touch of things in some cases buildings too :bash:

Im surprised you recognized that as a tree living on Shetland. When we built Sullom Voe 30 years ago there wasnt any. You will have to keep it well pruned! Is the owner of 1307/8 on here? if so please pm me. Man utd where the hell are you. Back in town on 19 to 23 if your about.

Been busy making money to pay the balance of my pad in TT !!
19 to 23 March ? --might take you up on that -- talk soon

What was the COCO CABANA like mate ?

Was near the North CIRC. Sunday watching the Mighty Reds win it again -- yawn yawn LOL

Rio was brilliant, Coldplay put on a show of a lifetime. We are to be neighbours in this one also. Try to get out 19th. Book The Bonnington JLT great deals around.

Would be interesting to know if Leo Sterling have ever sold any torch units...have you seen the asking prices?!!!!!

Do you guys know anyone who bought on Aquatania?

Im surprised you recognized that as a tree living on Shetland. When we built Sullom Voe 30 years ago there wasnt any. You will have to keep it well pruned! Is the owner of 1307/8 on here? if so please pm me. Man utd where the hell are you. Back in town on 19 to 23 if your about.

CBP, Still no trees in Shetland, only a few bushes in the garden. Always wondered when I went to art college why the lecturer asked if I came from Shetland and sent me out to draw trees. Another mini boom at Sullom just now, Total are building a gas plant. 700 incoming workers, a fraction of the 7000 in the hey days. Still canna mind you coming into the canteen, tried to picture you from the "extractor" picture!!

Sorry to get off topic

Can you tell me what floor this video was filmed in? Seems like few floors below mine which is on 5th. (511)

I seem to remember it being on the sixth floor but it was the first completed floor i think !
sorry i can,t be more help but it was a while ago !

I seem to remember it being on the sixth floor but it was the first completed floor i think !
sorry i can,t be more help but it was a while ago !

ample thanks for the information and video it was of great help . one more qa plz .. when u say floor 6 does it mean first from the podium or sixth from the podium cause i have apt no 511 so was it below that or above the 511. sorry to force u to jog your memory, but try if u can plz

04/March/2010

Princess Tower and The Torch

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Don't know what we would have done without you mr imre, You doing us lot more help then select property ever has done with all your hard work and quality picture . Special thanks from all torch residents.

Guys,have the cooker hoods been changed or are all 658 units going to make a cooker hood white tower on the MST plot in the front.?
If so what are we going to call it "cooker hood city"!!!! Since it's near media city Its definitely not going to be a cooker "free zone"

^^

I guess we are all looking forward to this.

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:)

HaHa.. fantastic High Times!

Can someone airbrush my beer belly? Dont remove the view, its to die for. LPP people have SP mentioned anything about an addendum with handover looming. If they hit lpp with the same as the point it makes the rental of the properties more difficult, and with nearly 700 appts competition will be strong. Louise book yourself a nice new sunseeker on the back of this ome.

:cheers:

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Have you got 10 hours free to brush mine too :lol::banana::banana:

:cheers:

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:cheers:

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A NEW PETE !!!!
YOU'LL PULL THE BIRDS NEXT TIME IN TOWN NOW ??

Have you got 10 hours free to brush mine too :lol::banana::banana:

Classic work - very funny :lol:

It's an excellent price against other properties from a per sq ft basis and given the current 5.47 exchange rate to the pound, still gives a reasonable return to a distressed seller.

Good luck Talks, I'm sure it will sell tomorrow once you have signed and returned the new SP agreement!

The Torch



I thought that Select Resale Team perhaps could have got me a buyer at 710aed per ft.Looks like they can't. I'll maybe try another agent soon.

^^ Select really suck if they cant sell this bargain of a lifetime. Thanks for forewarning me never to use them for resales.

^^ Select really suck if they cant sell this bargain of a lifetime. Thanks for forewarning me never to use them for resales.

Know what I think Steve.SP are under more pressure to sell units for the developer at larger prices and may be using interested parties to sell larger priced units in other developments.

If a unit at 710 per sq ft can't sell then no units will sell in the torch this year.

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Hi there everyone

Can I ask, is there anybody who knows of or who is taking legal action against the developer of The Torch through the Mediation Centre or he Dubai Property Court?

Thank you........

^^ That would seem to be the best way to get maximum return at present! I am sure you would win any such legal case if taken to the court. No way they can claim 3 years delay for extension to the contractors as reasonable grounds for force majeure.

1307 1 bed on the front sold for op on thursday last week.

I thought that Select Resale Team perhaps could have got me a buyer at 710aed per ft.Looks like they can't. I'll maybe try another agent soon.

Can I ask how long have you had your property on the market with SP ??

With full handover prabably a year away, I imagine there will be many more LPP owners wishig to sell and take advantage of favourable FX rates in the coming months as contingency funds may be runnig out. Dont forget that SG and SP held onto many units and may now be offloading to take advantage of weak Sterling too. Come handover time many SPP investors will want to sell to aviod the final payment due.

Considering there are 658 units (mostly sold out), I am very surpised there are so few Torch units for sale. I have always thought that the Torch was more of an owner/occupier tower than an investor/speculator tower.

The next 12 months will be interesting.

Yes still very much available.Selling price is 870,000AED/709AED(SQ FT)

Hope to travel in mid April,going to go with a large notice and stand outside the site advertising for sale at 709AED (SQ FT).
I'AM BEING REALLY SERIOUS.

I,ve got 700 big ones for you (CASH)
With Dirham at 5.5 worth thinking about mate
let me know if interested

^^^^^^What part of Wales are you going to sell to fund it, North or South?

^^^^^^What part of Wales are you going to sell to fund it, North or South?

Neither -- just a few thousand sheep :lol::lol:

had enough of farming too cold outside at night nowadays for me

Go to bed, your drunk:cheers:

Can I ask how long have you had your property on the market with SP ??



First 6 months at op.Now it's less.1223 sq ft.709per sq ft.870,000.2 weeks.

I,ve got 700 big ones for you (CASH)
With Dirham at 5.5 worth thinking about mate
let me know if interested

Is that 700 per sq ft.MANUTD?SOLD @700 PER SQ FT TO MANUTD.NO GOING BACK ON YOUR OFFER NOW.

Is that 700 per sq ft.MANUTD?SOLD @700 PER SQ FT TO MANUTD.NO GOING BACK ON YOUR OFFER NOW.

I've gone to bed as CBP told me I was drunk

(but 700k aed under the pillow still ! )

Are we there yet?
Topped Out?

Are we there yet?
Topped Out?

No one's allowed to change status here to topped out until Infinity is topped out first :cheers:

Hi there everyone

I know that I keep asking but there seems to be a brick wall when a question is asked about the legal side of this situation. I am seeking information from anyone considering or actually taking legal action, concerning the LPP and the delays that seem to be lengthening by 3 months now per update we receive.

Any information will be gratefully received - Thank you.

11/March/2010

The Torch

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Hi there everyone

I know that I keep asking but there seems to be a brick wall when a question is asked about the legal side of this situation. I am seeking information from anyone considering or actually taking legal action, concerning the LPP and the delays that seem to be lengthening by 3 months now per update we receive.

Any information will be gratefully received - Thank you.

Given the delays involved in the legal system in Dubai, there is no point in commencing legal action - the property will be delivered long before the case is heard.

By all means spend some money with a solicitor in Dubai, perhaps even give them a little more to write a letter to the developer, but I would be astounded if it did anything other than transfer money from your bank account to the solicitor's.

Emailed to Gulf News


Parks, Parks, Parks, yes we need parks, as people we need to breath, we need to walk our dogs, we need to walk our children, and we need green open spaces for us to fill our lungs, Dubai has enough buildings now, and as people fill them up you got to have recreational place’s for them to go, so give us more parks please, especially in Dubai Marina, especially that huge plot in front of the torch tower, please help and get this turned into a park, there are now so many young married couples with small children enjoying life in the Emirates, and they need a place to play. Parks and landscaping also bring the birds and other wildlife that we need In the Marina, I saw some stingrays in the water and birds are making there home here, here’s the challenge for the people at Municipality, as more and more humans fill this place up, and with more and more Supertalls coming on stream, please, please, make Dubai a green and pleasant land.

Al

Couldnt agree more Al. Need some local grass, the security has really tightened up at the airport.

Given the delays involved in the legal system in Dubai, there is no point in commencing legal action - the property will be delivered long before the case is heard.

By all means spend some money with a solicitor in Dubai, perhaps even give them a little more to write a letter to the developer, but I would be astounded if it did anything other than transfer money from your bank account to the solicitor's.

Hi there everyone

I know that I keep asking but there seems to be a brick wall when a question is asked about the legal side of this situation. I am seeking information from anyone considering or actually taking legal action, concerning the LPP and the delays that seem to be lengthening by 3 months now per update we receive.

Any information will be gratefully received - Thank you.

No brick wall, just we tried all that back last year, 30th June if I recall, try starting there, as MM says its all pointless exercise, my advice, get on a plane, make an appointment with someone at SG, and ask them the question yourself.

A

Couldnt agree more Al. Need some local grass, the security has really tightened up at the airport.


It took me a minute or two, then I got it, as you get older your beer belly gets bigger, and your brain cells less.

Love Al.

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That "stuff" youre smokin is clouding your pictureS mate LOL

Emailed to Gulf News


Parks, Parks, Parks, yes we need parks, as people we need to breath, we need to walk our dogs, we need to walk our children, and we need green open spaces for us to fill our lungs, Dubai has enough buildings now, and as people fill them up you got to have recreational place’s for them to go, so give us more parks please, especially in Dubai Marina, especially that huge plot in front of the torch tower, please help and get this turned into a park, there are now so many young married couples with small children enjoying life in the Emirates, and they need a place to play. Parks and landscaping also bring the birds and other wildlife that we need In the Marina, I saw some stingrays in the water and birds are making there home here, here’s the challenge for the people at Municipality, as more and more humans fill this place up, and with more and more Supertalls coming on stream, please, please, make Dubai a green and pleasant land.

Al

Couldn't agree more - the marina definately needs some green around it - gardens and play areas for the locals/tourists to enjoy! The plot in front of The Torch would be perfect!!

Hi there

Thanks for the replies concerning the legal way forward. I did try the going over there and trying to make an appointment, no chance at all.

I phoned the main office and was informed that the deadline would be met (July 2010) and I wouldn't be able to receive my property unless all of my payments were up to date.
This seems reasonable if the property was just a little late, she would not be drawn into telling me what would happen with the rest of my funds if I refused to pay anything more until the handover.

The lady did say that the company was waiting for a court decision about LPP payments and unpaid accounts, she also said that she had sent me an e-mail so that I now had a contact point. Needless to say she never sent any such e-mail, I have sent further e-mails since January and none have been answered. Select UK just say that they do not have any to do with complaints, questions etc indicating that they must be a part of the scam.

OH - just a quick thank you to Imre for the pics that probably keep us all sane.

Hi there

Thanks for the replies concerning the legal way forward. I did try the going over there and trying to make an appointment, no chance at all.

I phoned the main office and was informed that the deadline would be met (July 2010) and I wouldn't be able to receive my property unless all of my payments were up to date.
This seems reasonable if the property was just a little late, she would not be drawn into telling me what would happen with the rest of my funds if I refused to pay anything more until the handover.

The lady did say that the company was waiting for a court decision about LPP payments and unpaid accounts, she also said that she had sent me an e-mail so that I now had a contact point. Needless to say she never sent any such e-mail, I have sent further e-mails since January and none have been answered. Select UK just say that they do not have any to do with complaints, questions etc indicating that they must be a part of the scam.

OH - just a quick thank you to Imre for the pics that probably keep us all sane.

I dont know your circumstances and I am sorry you had no joy, as I have always found them helpful, did you not just go to the office and asked to see someone?

I think where the contract is concerned, I believe they can cancel it, if your payments are not up to date, RERA tend to like developers who have actually built the things, and Select have now delivered some projects.

A.

Hi there

Thanks for the replies concerning the legal way forward. I did try the going over there and trying to make an appointment, no chance at all.

I phoned the main office and was informed that the deadline would be met (July 2010) and I wouldn't be able to receive my property unless all of my payments were up to date.
This seems reasonable if the property was just a little late, she would not be drawn into telling me what would happen with the rest of my funds if I refused to pay anything more until the handover.

The lady did say that the company was waiting for a court decision about LPP payments and unpaid accounts, she also said that she had sent me an e-mail so that I now had a contact point. Needless to say she never sent any such e-mail, I have sent further e-mails since January and none have been answered. Select UK just say that they do not have any to do with complaints, questions etc indicating that they must be a part of the scam.

OH - just a quick thank you to Imre for the pics that probably keep us all sane.

So it will be ready in 4 months! Now that would be impressive...............I have the same issues with Select not answering emails. It's quite funny really, Select Manchester stated last year that due to customer demand, all questions about the projects should be addressed directly to Dubai. I know so many people that do not receive replies. Thankfully I'll be in Dubai in 4 weeks for some face to face talks and I'll hopefully receive some answers. However, completion in 4 months, never, never, never.

Thanks for the information and yes maybe I should have gone straight to the office and asked to see someone however, I think I was trying to be polite and not just turn up on their door step and so I got the brush off.

Obviously they are not as polite to even answer my e-mails, so to be honest I am not sure what to do really. If anyone has a number to call or a different e-mail address other than the one they ask you to use, I would be grateful for it - thank you.

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12/March/2010

The Torch

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^^ Cheers Imre. :cheers:

So it will be ready in 4 months! Now that would be impressive................

Most units up to around floor 45 are finished and only require minor corrections to be applied. The top half of the building is some way behined.

With 80 odd floors of units to handover with 8-10 units per floor depending on the floor configaration the handover process is a massive task in itself and will probably take 9-12 months.

I think the lower floors will begin to offer the client orientation/snagging process somwhere in July/September 2010 (this cant really happen until the site is considered safe for the public to enter more frequently). I think this process will progress at a rate of maybe 2/3 floors a week. So the top floors will be around 30/40 weeks behined the commencement of the lower floors.

Top floors to handover by around April/May 2011.

I'm not a construction expert but i am a realist and thats how i see things panning out.

So it will be ready in 4 months! Now that would be impressive...............I have the same issues with Select not answering emails. It's quite funny really, Select Manchester stated last year that due to customer demand, all questions about the projects should be addressed directly to Dubai. I know so many people that do not receive replies. Thankfully I'll be in Dubai in 4 weeks for some face to face talks and I'll hopefully receive some answers. However, completion in 4 months, never, never, never.

I'm guessing the meeting took place some time ago. It has been a while since the developer was claiming July 2010 was achievable.

The Torch appears to be the best looking tower in the block to me now.

The Torch appears to be the best looking tower in the block to me now.



And also I'am getting good reports about inside to.

The 16th and 18th floors in particular are very good I am told.
With the hand over in July and the Big Park upfront, this is the place to buy :)

^^ Actually I heard, the 41st floor 2 bed 06 marina facing has the best finish, marina view and apartment layout. It also comes with a £100 voucher :)

Hi there

Well thanks RedWayne28th for your comments as I was beginning to think that I was the only one not getting a response. I would certainly love to hear what they have to say to you, but please don't make the same mistake as I did - being too polite that is.

I will be away for a good few weeks so when I get back I will look forward to hearing what your feelings are after your meeting, especially the one about why they are treating their investors like the enemy.

Thank you.

Hi All Torch Owners

I have a wonderful green idea that will improve our great metropolis and make our surrounding area a greener land to live in.

Instructions:

1) Each Torch owner go to their local garden centre and buy a single sachet of grass seeds, prior to departure to Dubai. It's not much to ask and it should get through customs if hidden well.

2) On arrival at your orientation thingy, you have three things to do;

i) Have a grass seed sprinkling ceremony by CAREFULLY leaning out of your rather restricted balcony, singing Jerusalem .. "walk upon England's pastures, green" and all that.

ii) Wait approximately 10 seconds per floor to allow settling to ground. For those up near me, you could possible open the can of Carling, settle down and read the Daily Mail during this period.

iii) Fill a bucket full of water and again, CAREFULLY, lean out and throw as hard, yet as safely as possible, out towards the marina. NOTE: KEEP HOLD OF THE BUCKET !!! This will finish up with the effect of either someone throwing a bucket of water off their balcony (lower floors), or, for those higher up, a light rain shower, probably welcome for those below in the searing heat pissed off that there are no trees and grass to lay down under.

3) Now, open another can, or if on the lower floors, your first can, sit back and relax, enjoying the fruits of your labour over the next 6 months.

So, we now have 3 floors a week, of roughly 8 apartments. So, that's 24 sachets of grass seeds, plus 24 buckets of water, per week.

Hmm.... now with roughly 28 weeks of orientation, that's 672 sachets of grass seeds and constant irrigation with 672 buckets of water over 7 months with light rain showers every day, that will surely create our garden of Eden in front of The Torch.

There ...... the whole garden sorted. We could push for a reduction of management fees, as they will now have bugger all to do outside other than sweep the door step once in a while!

The Torch

Dear All

I'm sorry, having thought through my idea, I have discover a fundamental flaw that requires me to issue an Addendum to the above instructions.

4) For those above floor 20, please take a biodegradable bag of good old fertile English soil with them, then after following the previous instructions, lob it out !!

Although this will have the projectile effect of a small meteorite on collision below, the resultant plume will distribute the soil evenly in the surrounding area and automatically mix with the seeds and damp sand. A perfect growing bed for GRASS!!

There ... now sorted!

The Torch

Dear All

I'm sorry, having thought through my idea, I have discover a fundamental flaw that requires me to issue an Addendum to the above instructions.

4) For those above floor 20, please take a biodegradable bag of good old fertile English soil with them, then after following the previous instructions, lob it out !!

Although this will have the projectile effect of a small meteorite on collision below, the resultant plume will distribute the soil evenly in the surrounding area and automatically mix with the seeds and damp sand. A perfect growing bed for GRASS!!

There ... now sorted!

The Torch
Genius.......even better than that - you lot supply the soil and i'll supply the TURF - won't cost much as i have my own turf company!!
I will sit on my balcony and watch it grow (sad , i know) with my tinnies in hand!!

Changing the subject - has anyone got any knowledge about the furniture packs - quality etc.?

Changing the subject again - thank you to Imre Solt - your photographs are invaluable and very much appreciated - we can keep our eye on the progress from afar!!

Genius.......even better than that - you lot supply the soil and i'll supply the TURF - won't cost much as i have my own turf company!!
I will sit on my balcony and watch it grow (sad , i know) with my tinnies in hand!!

Changing the subject - has anyone got any knowledge about the furniture packs - quality etc.?

Changing the subject again - thank you to Imre Solt - your photographs are invaluable and very much appreciated - we can keep our eye on the progress from afar!!

i have yet not ordered my furniture pack with them or with any 1 and deciding where to get it from. select furniture pack looked bit outdated and pricy to me
wish some one can put more light on the furniture shops in dubai

Speak to Matt Blenheim at Indigo Furniture in Dubai.

Jaci it totally depends on if its for rental or your own use. I would imagine you could get away with Ikea for rental as thats not too far, the deliver and assemble but bear in mind if you are renting in here there will be tons to choose from at handover so you got to dangle the carrot, or if its for you and you can run to it Natuzzi, B&O Concept in Emitates mall or Roche Bobois. This is all good gear. There are also Mode and Marina but a bit dated.

"Talks" did you get a buyer for your bargain of the century yet?

Hi there again

When those of you tried the legal route gathering information from solicitors did you receive this type of statement from them?

First: Force Majeure

It is well noticed that Clyde & Co has attributed the delay in handing-over the property to Force Majeure, however, it has treated the cause as a given fact and it did not provide any justifiable reasons for such classification of the cause of delay.

Please be advised that Force Majeure shall satisfy the below conditions to constitute a legal ground to cause to suspend contractual obligations and/or terminate mutual binding agreements:

1 A public event due to supernatural causes (a storm, an earthquake, a volcano etc.) or other causes (wars and epidemics) which shall make the implementation of the obligations under the Sale and Purchase Agreement of the Property (“SPA”) impossible.

2- No party of the SPA shall be responsible for the occurrence of such event; and

3- The event/accident could not have been foreseen or avoided by planning ahead.

From our experience, most of the causes that are described by developers in Dubai as Force Majeure are merely exceptional circumstances which shall not ascend to a Force Majeure.

Second: Implementation of Clause 15.3

We note that the wording of Clause 15.3 excludes all rights to damages compensation and cost only. However; in no event it excludes the refund of the amounts paid by the Buyer on the account of the purchase price of the Property. Please note that the refund of the amounts paid on the account of the purchase price in the event of a force majeure is stipulated by the provisions of the UAE Civil Code (Federal Law No. 5 of 1985) as follows:
Article 273 Clause 1 of the UAE Civil Code provides as follows

“If, in a mutual binding contract, an obligation is discharged because of impossibility of performance, all other counter obligations shall discharge and the contract shall then be automatically rescinded.”


Article 274 of the UAE Civil Code provides as follows

“When the contract is rescinded, the contracting parties shall be restored to the condition in which they were prior to the contract. Should that not be possible, a judgment for compensation shall be made.”

......................................................................

Food for thought but I am interested if your solicitors actually came to the same conclusion, if so was the time factor the reason for not proceeding?

THANK YOU YET AGAIN FOR YOUR COMMENTS.

Caribarra, I and a number of others went down this route more than a year ago. First, your solicitor is right in the general definition of force majeure. However, if you read the SPA, you signed up to a much broader definition of FM than this. I don't have the wording to hand but the final part is something along the lines of 'anything that could reasonably give the developer cause to provide an extension to the contractors'.

Some of the reasons why the project is late include the fact that the developer didn't have all the necessary permissions to begin building when they marketed the properties, the design has been changed twice and there was a change of master contractor. While none of these factors meets the conventional definition of FM, if you believe they are reasons to give the contractors and extension, it is difficult to challenge the FM claim (in my opinion, and the advice I received).

On the other point - cancelling a contract requires a refund of monies paid - of course this is the case, and the Clyde & Co letter is a dirty piece of work from a group of people that don't deserve to call themselves solicitors. However, being right doesn't get you your money back. We all know how useless both RERA and the legal system in Dubai are. If you want to go down that route, you can, but I suspect you'll burn through £30-50k and be nowhere near a refund when the project is delivered.

Time is of the essence.

All contracts in which time is of the essence must have clearly defined start and finish dates. If the contractor did not start early enough to make a timely finish then this cannot be an extension of time claim. Extension of time will permit prolongation of the duration but will not be valid where the start date was not met.

Try that one with your solicitors.

I also believe that Select would struggle to justify events that were entirely in their control as Force Majeure, that is a pure oxymoron. This is why they do not detail the indiviual details of each event and the resultant delay. You want the details you have to go to court.

[QUOTE=charlie big potatoes;53378345]Jaci it totally depends on if its for rental or your own use. I would imagine you could get away with Ikea for rental as thats not too far, the deliver and assemble but bear in mind if you are renting in here there will be tons to choose from at handover so you got to dangle the carrot, or if its for you and you can run to it Natuzzi, B&O Concept in Emitates mall or Roche Bobois. This is all good gear. There are also Mode and Marina but a bit dated.

Hi there

Thank you to True Blue and Mister Mark for your comments.

I feel that it is important to be aware of the issues concerning this project and yes their solicitors are a bit cut-throat to say the least, but thanks for your comments I do appreciate them no matter how good or bad the picture really is.

I also put my property up for sale with Select and its been a complete waste of time, pretty much as everything else they seem to do, such as informing me that my money would be safe and returned to me under the contract if the deadline wasn’t met and we all know how that ended. People really need to be aware of this company if they value their money at all.

I have had other experiences with this company and they do tell lies to get people to sign contracts that do not protect the buyer, in some cases they are now not even in touch with the developer, and what do they say - "there’s nothing we can do sorry." They also seem to have a high ratio of staff turnover, another good ploy by this company I think.

Well I really hope The Torch project makes it then, we will be looking for a mortgage to lower our monthly payments - any ideas out there???????????

The good old mortgage idea. It seems to depend on the mood of the banks at the time. I had meeting with 2 of our own banks who were very happy to offer provisional deals 18 months ago but now thanks to their new "sensible lending practices" they couldn't march me out of the door quick enough. I guess the only route is to try and get a good deal from a UAE based bank but would it be worth the risk....Its not so much tying to reduce the repayments but being able to pay off the developer and cut the ties that bind. Has anyone got any ideas

http://i8.cmail5.com/ei/y/87/C46/C64/050900/torch-1.jpg

http://i8.cmail5.com/ei/y/87/C46/C64/050900/torch-1.jpg

Wow! I've seen some bold statements but......

In 12 Months? Does this takes us to April 2011 Handover :dunno:

Wow! I've seen some bold statements but......

nearly as bad as Raffa promising 4th spot.

looking for special one tomorrow against chelsea fc :D

result 2:0 for Chelsea :cheers:

nearly as bad as Raffa promising 4th spot.

I like it!!!! FACT:banana:

Hi there

Thank you to True Blue and Mister Mark for your comments.

I feel that it is important to be aware of the issues concerning this project and yes their solicitors are a bit cut-throat to say the least, but thanks for your comments I do appreciate them no matter how good or bad the picture really is.

I also put my property up for sale with Select and its been a complete waste of time, pretty much as everything else they seem to do, such as informing me that my money would be safe and returned to me under the contract if the deadline wasn’t met and we all know how that ended. People really need to be aware of this company if they value their money at all.

I have had other experiences with this company and they do tell lies to get people to sign contracts that do not protect the buyer, in some cases they are now not even in touch with the developer, and what do they say - "there’s nothing we can do sorry." They also seem to have a high ratio of staff turnover, another good ploy by this company I think.

Well I really hope The Torch project makes it then, we will be looking for a mortgage to lower our monthly payments - any ideas out there???????????

I along with MM and HT also had Barrister's and lawyers, on the case last year, I am dispute with a worse company than Select, and the lawyers charge 2600 per hour, believe me when I say, that Lawyers are flooding into this country to fill there boots and bank accounts.

Al.

http://i8.cmail5.com/ei/y/87/C46/C64/050900/torch-1.jpg

Arithmatic was never their strong point. These make believe figures only represent 44.57% growth, not 50%.

Also there are only 12 months in a year, not 21. Easy mistake to make:)

Arithmatic was never their strong point. These make believe figures only represent 44.57% growth, not 50%.

Also there are only 12 months in a year, not 21. Easy mistake to make:)



APT1603
still selling,and a lot cheaper than that.

Arithmatic was never their strong point. These make believe figures only represent 44.57% growth, not 50%.

Also there are only 12 months in a year, not 21. Easy mistake to make:)

Predicted by whom? Has Mystic Meg landed a job at select? Or is it Clare Voyant? :lol:

Predicted by whom? Has Mystic Meg landed a job at select? Or is it Clare Voyant? :lol:

I hear they have secured the services of Marty Mc Fly (of Back to the Future fame)

Arithmatic was never their strong point. These make believe figures only represent 44.57% growth, not 50%.

Also there are only 12 months in a year, not 21. Easy mistake to make:)

http://i7.cmail5.com/ei/y/50/C5E/B65/051104/point-1.jpg

:cheers:

^^:lol: Totally useless at counting. 1250/950 = 1.31 = 31% growth! Where the fv(k does 40% come from?

No wonder the auditors resigned, the books must be a total mess:laugh:

I'm not getting into the 1250AED/ft valuation just now:ohno:

^^:lol: Totally useless at counting. 1250/950 = 1.31 = 31% growth! Where the fv(k does 40% come from?

No wonder the auditors resigned, the books must be a total mess:laugh:

I'm not getting into the 1250AED/ft valuation just now:ohno:

The capital growth percentage is definitely wrong, but actually I don't think I disagree with the valuation 'in 12 months' time' - provided the apartments are handed over by that date and the finish and communal areas are done to a decent standard.

What we're seeing in Dubai is a big difference in values for completed vs under construction property. The former carries risks and of course there's no return on the capital until handover, but if you have the cash, believe the project will be finished and can sit it out, the buying opportunity is obvious.

I agree, for example buy talks apartment for 700 psf. 50% growth would be 1050 psf. This is easily achievable for a completed property by comparing with current Marina Heights sold prices. I also think Torch units will be valued at a higher psf than Marina Heights in 12 months.

Hi All Torch Owners

I have a wonderful green idea that will improve our great metropolis and make our surrounding area a greener land to live in.

Instructions:

1) Each Torch owner go to their local garden centre and buy a single sachet of grass seeds, prior to departure to Dubai. It's not much to ask and it should get through customs if hidden well.

2) On arrival at your orientation thingy, you have three things to do;

i) Have a grass seed sprinkling ceremony by CAREFULLY leaning out of your rather restricted balcony, singing Jerusalem .. "walk upon England's pastures, green" and all that.

ii) Wait approximately 10 seconds per floor to allow settling to ground. For those up near me, you could possible open the can of Carling, settle down and read the Daily Mail during this period.

iii) Fill a bucket full of water and again, CAREFULLY, lean out and throw as hard, yet as safely as possible, out towards the marina. NOTE: KEEP HOLD OF THE BUCKET !!! This will finish up with the effect of either someone throwing a bucket of water off their balcony (lower floors), or, for those higher up, a light rain shower, probably welcome for those below in the searing heat pissed off that there are no trees and grass to lay down under.

3) Now, open another can, or if on the lower floors, your first can, sit back and relax, enjoying the fruits of your labour over the next 6 months.

So, we now have 3 floors a week, of roughly 8 apartments. So, that's 24 sachets of grass seeds, plus 24 buckets of water, per week.

Hmm.... now with roughly 28 weeks of orientation, that's 672 sachets of grass seeds and constant irrigation with 672 buckets of water over 7 months with light rain showers every day, that will surely create our garden of Eden in front of The Torch.

There ...... the whole garden sorted. We could push for a reduction of management fees, as they will now have bugger all to do outside other than sweep the door step once in a while!

The Torch

http://i39.tinypic.com/jpio7s.jpg

http://i41.tinypic.com/2zgyhe0.jpg

Torch Park landscaping is coming along nicely :lol:

Anyone considering retro fitting Home Automation and Control Systems? What Brands are normally installed in Dubai. I normally use a Z-Wave based system to elimiante cabling but not sure which frequencies are permitted in UAE. Is there a thread covering this topic?

In my quest for a park, on the plot in front of the torch, anyone got a photo of it, that I can send in with my letter to GN.
And can I use it.

Torch Park landscaping is coming along nicely :lol:
Love it when a plan comes together. Soon, our land will be green and I am excited to see that the odd rogue tree seed has been added. That's creative by some one - I think IMRE had a hand in that on one of his tours.

The big question is .... will our new garden of Eden be ready before The Torch is completed ???

Anyone care to make judgement on this - any Percy's out there with a keen knowledge of seeding and growing lawns from scratch?

It's going to be hard to justify building 3 ugly towers on our green belt once complete !!!!

The Torch

Imre, are you about, huge yacht just caught fire at Mina al seyha

I saw the fire ,as I said yesterday the fire session just begun..

18/March/2010

Princess Tower and The Torch

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

http://i44.tinypic.com/jr2tm0.jpg

http://i40.tinypic.com/in8jm1.jpg

http://i40.tinypic.com/o05ksl.jpg

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

It's going to be hard to justify building 3 ugly towers on our green belt once complete !!!!

The Torch

The three tower project in front of the Torch has been cancelled.

http://www.skyscrapercity.com/showpost.php?p=53193191&postcount=1032

Random wall on inside of balcony spotted to highest three bed, I was expecting this to be all glass, whereas it looks like there may be just doors going into a solid wall, this balcony serves both living room and bedroom... am I missing something ??