View Full Version : #COMPLETED: THE TORCH, 84F Res, 338m
Mistermark May 18th, 2010, 09:08 AM Does the letter state whether 3rd party companies can do snagging on owners behalf. I recall for The Point some people mentioned that a company was appointed and they were very good.
BTW I have not received a letter or email and I am on floor 12 (18 now)
Yes, it recommends two companies, one of which is Exclusive, which did a good job for the Point owners. Plus I think people can have their own chosen representatives if they prefer.
ramzy May 18th, 2010, 09:59 AM Thanks MM
I just received the email today from SG.
AltinD May 18th, 2010, 11:53 AM If the unit numbers are being changed, would my 32 apmt be inspected in Aug or will it become 38 and then be in Sept? I guess thats a def NO to having a liveable apartment in time for the Abu Dhabi grand prix and Rugby in November
Correct
Poolview May 18th, 2010, 12:55 PM Can anyone recommend any other companys other than the two that select have mentioned
regards PV
jack1961 May 18th, 2010, 01:04 PM Correct
hello alll.
at last we getting somehwere. my appt was 511 , so can any one kindlt tell me what wilol be my new appt number plz.
Dubai-Sail May 18th, 2010, 01:36 PM Jack1961 - I think the new number for your apartment will be 1111.
Dubai_Steve May 18th, 2010, 02:25 PM :lol: Make sure you snag the correct apartment.
Tosh May 18th, 2010, 03:51 PM At the time of snagging, will the building be powered up and all common areas ready?
Anjam May 18th, 2010, 04:04 PM Not sure about common areas but I would expect Utilities to be connected as they form part of the checklist
Anjam May 18th, 2010, 04:04 PM BTW- I love the bit where they have included a location map in case any investors still don't know where their apartment is!
Tosh May 18th, 2010, 04:45 PM I must be the only one with no e- mail or post.
Have you all been given specific dates?
Rider May 18th, 2010, 05:07 PM ^^ I too have received nothing.
CAJ May 18th, 2010, 10:17 PM Me neither. Is it because i am purchasing on a very high floor?
scoobudubai May 18th, 2010, 11:15 PM Can anyone recommend any other companys other than the two that select have mentioned
regards PV
and how much
Dubai_Steve May 19th, 2010, 03:39 AM I don't have any notification yet either and I know they have my email.
By the way what happened to high times, has he sold his apartments or been done for insider trading or something? Haven't seen him around.
scoobudubai May 19th, 2010, 07:19 AM Only loyal subjects have received the communications.
We received the letters yesterday.
umer_sheikh May 19th, 2010, 11:16 AM Hello,
I received a letter from select and am a little confused or they have made a BIG mistake... according to their letter to me its clear that your new appartment number is 6 floors higher - ie OLD = 101, NEW = 701 / A increase by 6
My appartment is OLD = 3904 new 4604 - - now this is a increase by 7 floors.
I am not sure this is correct, but have emailed them to double check, and am waiting on a reply!
Anyone else have a new appartment number 7 higher?
Umer
Mistermark May 19th, 2010, 11:58 AM Hello,
I received a letter from select and am a little confused or they have made a BIG mistake... according to their letter to me its clear that your new appartment number is 6 floors higher - ie OLD = 101, NEW = 701 / A increase by 6
My appartment is OLD = 3904 new 4604 - - now this is a increase by 7 floors.
I am not sure this is correct, but have emailed them to double check, and am waiting on a reply!
Anyone else have a new appartment number 7 higher?
Umer
Not seven, no, but I do have one that has risen by fur floors, and one by eight :ohno:. So yes, I think there may have been some errors in calculating the new floor numbers. I've emailed them pointing this out, but so far heard nothing back.
umer_sheikh May 19th, 2010, 12:09 PM Not seven, no, but I do have one that has risen by fur floors, and one by eight :ohno:. So yes, I think there may have been some errors in calculating the new floor numbers. I've emailed them pointing this out, but so far heard nothing back.
Hi I just got a email back from Select Group confirming that my re-numbering 7 higher is correct.. Ive asked for a explanation..
Umer
Anjam May 19th, 2010, 12:19 PM Umer I think you may now be the other side of a mechanical floor hence the extra floor count?
Rider May 19th, 2010, 12:39 PM Select just confirmed to me that all apartments under the first mechanical floor (around 30th?) will be +6. All apartments in between the first and second mechanical floors will be +7. Everything above the second mechanical floor will be +8.
I just received email notification that my apt will be +8 even though it is in between 1st and 2nd mech floors. Not sure what is going on...
jack1961 May 19th, 2010, 03:24 PM Jack1961 - I think the new number for your apartment will be 1111.
THANKS A LOT DUBAI STEVE
ITS SO EASY TO REMEMBER LOL
jack1961 May 19th, 2010, 03:26 PM THANKS A LOT DUBAI STEVE
ITS SO EASY TO REMEMBER LOL
I MEAN THANSK TO DUBAI SAIL SOWWIE, THNAKS TO DUBAI STEVE TOO FOR ALL HIS PAST INFROMATION
jack1961 May 19th, 2010, 03:57 PM :lol: Make sure you snag the correct apartment.
WELL I CAN ONLY TRY NOT TO SNAG THE RIGHT ONE LOL.
AltinD May 19th, 2010, 04:19 PM Not sure about common areas but I would expect Utilities to be connected as they form part of the checklist
Permament utility connection would be made only after the building is completed. You might have temporary connections when you'll be visiting your apartments in the comming months.
CAJ May 19th, 2010, 09:18 PM Just to confuse matters further my appt has gone from a prefix 69 to 73 +4?
CAJ May 19th, 2010, 09:29 PM Do all buyers have the ability to terminate their agreement if possession and occupation is not given by 30th Sept this year, as i have in my contract?
Saggy_Toad May 20th, 2010, 08:50 AM I've just spoke to the guys in Dubai and if all goes to plan we should have the keys Oct/Nov...fingers crossed!
NickBoyC May 20th, 2010, 09:52 AM Hi All,
I am after some advice please.
I purchased an apartment in the Torch with my Father as a partner on the investment. Unfortunately my father recently passed away. When we registered the apartment it was done in both of our names. Would anyone on this forum be able to advise me of what my options are to be able to get the apartment registered in to just my name.
Any help / advice would be greatly appreciated.
Thanks
Nick
MANUTD May 20th, 2010, 10:27 AM Hi All,
I am after some advice please.
I purchased an apartment in the Torch with my Father as a partner on the investment. Unfortunately my father recently passed away. When we registered the apartment it was done in both of our names. Would anyone on this forum be able to advise me of what my options are to be able to get the apartment registered in to just my name.
Any help / advice would be greatly appreciated.
Thanks
Nick
NIck
Under SHARIA Law I think the property passes to Oldest Son -- check with SP or SG tney have legal people in house
Paul
Mistermark May 20th, 2010, 10:38 AM Do all buyers have the ability to terminate their agreement if possession and occupation is not given by 30th Sept this year, as i have in my contract?
I'm guessing you bought some while after initial release. Chances are you'll have the same clause that many of us had based on there being no handover by 31 December 2009.
It might be worth checking whether the clause simply gives you the right to terminate or also provides an entitlement to receive a refund. In the case of the contracts that stipulate completion by 31 December 2009, SG has taken the position that we are all welcome to cancel, but there is no right to receive refunds.
buster007 May 20th, 2010, 10:52 AM I've just spoke to the guys in Dubai and if all goes to plan we should have the keys Oct/Nov...fingers crossed!
Oct/Nov next year? Fingers crossed indeed if the guys meant this year - but hey, I guess these are SP guys in Dubai. Doubt any keys would be handed over here for another + 1year - Q2 2011.
True Blue May 20th, 2010, 10:56 AM Hi All,
I am after some advice please.
I purchased an apartment in the Torch with my Father as a partner on the investment. Unfortunately my father recently passed away. When we registered the apartment it was done in both of our names. Would anyone on this forum be able to advise me of what my options are to be able to get the apartment registered in to just my name.
Any help / advice would be greatly appreciated.
Thanks
Nick
This is a problem that everyone avoids including myself. I don't even know if this situation is dealt with in the S and P agreements, where do Select stand in this situation? I read an article when I was last in Dubai that addressed the problem of a lack of local will. It explained that the courts will uphold any expat wills which do mention the property in the Emirates however it is a lengthy process and you need to hire a lawyer in Dubai to obtain the necessary court warrant or approval.
Under sharia law the property naturally passes to the eldest son but again it has to be rubber stamped by the court if you are an expat. The only solution to keep everything simple and straight forward is to have a will drawn up in the UAE which deals with heritable property. Then it becomes a straight forward process to transfer title. If anyone can recomend a local solicitor that draws up wills in a format acceptable to the local Dubai courts then I would be happy to hear from them.
Nick, you might be okay in the respect that your purchase is not handed over yet. Only Select can advise you, however the Rera interim property register may be a stumbling block if the offplan is registered in both names. If your father included his share of the property in his will then you have passed the highest hurdle. Best of luck.
glover May 20th, 2010, 11:13 AM Incorrect!!
Under Sharia law, inheritance is equally divided amongst the male heirs, while a female receives 1/2 the the inheritance of a man.
http://www.islam101.com/sociology/inheritance.htm
in the uae in the case of expats, if there is no will, inheritance will be based on the laws of the country of the deceased.
NIck
Under SHARIA Law I think the property passes to Oldest Son -- check with SP or SG tney have legal people in house
Paul
NickBoyC May 20th, 2010, 11:23 AM Thanks for the replies.
I'm going to continue with the investment and am not looking at any way out of it.
In short my fathers will passes everything to my mother. My mother has no interest in the investment and is happy that the apartment is put into my name.
Am I best off just informing SG about this and see what they say?
Thanks
nick
True Blue May 20th, 2010, 11:27 AM You need to involve them in sorting this out. I would strongly advise not to pay your fathers share of the last instalment until you have everything ratified with everyone concerned.
CAJ May 20th, 2010, 02:37 PM I'm guessing you bought some while after initial release. Chances are you'll have the same clause that many of us had based on there being no handover by 31 December 2009.
It might be worth checking whether the clause simply gives you the right to terminate or also provides an entitlement to receive a refund. In the case of the contracts that stipulate completion by 31 December 2009, SG has taken the position that we are all welcome to cancel, but there is no right to receive refunds.
thanks for that, i guessed that might be the stance they are taking.Although I think they would find it difficult to keep our monies from a legal viewpoint
Mistermark May 20th, 2010, 05:16 PM thanks for that, i guessed that might be the stance they are taking.Although I think they would find it difficult to keep our monies from a legal viewpoint
I think the challenge in Dubai is the relative timescale to completion versus that involved in a case coming to court, not to mention the cost of litigation and the fact that the outcome depends on whose cousin's brother in law is representing which party...
jack1961 May 20th, 2010, 06:27 PM hello to all
does any one have pic of what it looks like form insde, the interiors and also of pic of swimming pool. i have one bed appt no 1111 ( new number ).
JoeCoolSA May 20th, 2010, 08:24 PM Regarding inheritance issue...from my information a normal will in your own country, countersigned and approved from local UAE embassy would suffice.
You should check directly contacting relevant embassy office in your country in order to obtain more useful infos. :wave:
Psofos May 20th, 2010, 09:18 PM Can anyone remember how long it was between snagging inspection and genuine handover/occupation on The Point, Royal Oceanic or Yacht Bay?
Re The Point, my inspection / snagging date was meant to be March 2009, it was re-arranged and competently carried out by Louise Heatley on my behalf on the 28th April. Handover for my apartment was 7th July 2009. This was a complete fiasco. The apartment was not ready and the building was nowhere near ready. I was last in Dubai in August/September and I think that even today the building is not fully complete and I also believe that not all snagging was completed although Louise has been on the case throughout in my absence.
In conclusion... get a local expert to do the inspection, I recommend Louise, keep pestering SG for the snagging and bearing in mind that we are talking about SG, be prepared for a handover in an incomplete building and allow about 6 months for a 'low quality' snagging completion post handover!
Psofos.
bizzybonita May 21st, 2010, 03:08 AM http://www.rpdubai.com/rpdubai/SharedFolder/ProgressIndicator/257_43.jpg
yecabel May 21st, 2010, 03:19 AM received the email too.
my apt went up by 4 floors; is kind of confusing...
and yes, as some pointed out, 6yrs since launch.
however, i am starting to get excited!
jeetha May 21st, 2010, 10:15 AM According to the coloured bars report, it’s indicating that Torch project is not in the final stage of construction.
Maybe Rera got this wrong.:runaway:
True Blue May 21st, 2010, 11:25 AM According to Rera report it is 738 units in one building, is this why everyones numbers are changing at different rates? Possibly they have reconfigured the amount of 1 beds and studios and cancelled 2 beds on certain floors:dunno:
Still only be 12 loungers by the pool I bet:)
bizzybonita May 21st, 2010, 12:17 PM it's Now 89floors :)
Dubai_Steve May 21st, 2010, 04:24 PM Should title be changed? 89 floors + 4 basement.
agod May 25th, 2010, 04:49 PM Some action today, looks like they are dismantling one of the cranes, or it might be a problem with the Jib, as they have taken it of.
A.
jack1961 May 25th, 2010, 10:47 PM According to Rera report it is 738 units in one building, is this why everyones numbers are changing at different rates? Possibly they have reconfigured the amount of 1 beds and studios and cancelled 2 beds on certain floors:dunno:
Still only be 12 loungers by the pool I bet:)
i just received a letter form select property. inviting for inspection of my appt 1111. they have asked me to have it inspected between 1st August till end of August 2010. i am not sure if any thing goes wrong or damaged between the time then till i m given keys. i have bought few flats in london off plan, but the inspection date was only week or 10 days b4 i was handed the keys over. so it wasnt that bad. can any one throw light on this if possible.....
Sid May 26th, 2010, 12:47 PM Re: Snagging
I have been offered dates for snagging in August.
Whats the risk if I request this to be in September or October?
Any thoughts?
True Blue May 26th, 2010, 02:32 PM i just received a letter form select property. inviting for inspection of my appt 1111. they have asked me to have it inspected between 1st August till end of August 2010. i am not sure if any thing goes wrong or damaged between the time then till i m given keys. i have bought few flats in london off plan, but the inspection date was only week or 10 days b4 i was handed the keys over. so it wasnt that bad. can any one throw light on this if possible.....
The initial visit will be to determine what damage you can identify and they should then carry out this work as the list. Builders are capable of doing their own snagging but they always hope the client will miss most of the problems so be vigilant and do not let them rush you. Remember that some snags will not be visible on cursory inspection so try changing your view as this can sometimes help you pick up things you would not otherwise see. For instance, sit on the wc seat and close the door then have a good look around. There is nothing more annoying than finding a broken tile hidden behind a door.
The builder has an obligation to correct defects upto 1 year after you take possesion BUT NOT DAMAGE. Damage has to be identified before you move in so reinspect the apartment again before or during handover and log any further damage with the developer in writing BEFORE you move in.
I normally advise people not to snag an incomplete apartment so email them before you leave to ensure that it is complete and everything is operational, water and electricity on. If the work is not finished then you are wasting your time trying to snag.
DxbPC May 26th, 2010, 04:37 PM The initial visit will be to determine what damage you can identify and they should then carry out this work as the list. Builders are capable of doing their own snagging but they always hope the client will miss most of the problems so be vigilant and do not let them rush you. Remember that some snags will not be visible on cursory inspection so try changing your view as this can sometimes help you pick up things you would not otherwise see. For instance, sit on the wc seat and close the door then have a good look around. There is nothing more annoying than finding a broken tile hidden behind a door.
The builder has an obligation to correct defects upto 1 year after you take possesion BUT NOT DAMAGE. Damage has to be identified before you move in so reinspect the apartment again before or during handover and log any further damage with the developer in writing BEFORE you move in.
I normally advise people not to snag an incomplete apartment so email them before you leave to ensure that it is complete and everything is operational, water and electricity on. If the work is not finished then you are wasting your time trying to snag.
excellent advice. follow it.
buster007 May 26th, 2010, 08:39 PM I normally advise people not to snag an incomplete apartment so email them before you leave to ensure that it is complete and everything is operational, water and electricity on. If the work is not finished then you are wasting your time trying to snag.
It would be proper for the developer to ensure everything is operational before requesting investors to snag their units. Aug 2010 - The torch would still be a work in progress. Why is SP sending requests to investors to snag their units?
Dubai_Steve May 26th, 2010, 09:21 PM May 21
http://i50.tinypic.com/vb7f4.jpg
Dubai_Steve May 26th, 2010, 09:26 PM http://i47.tinypic.com/2mgsbpv.jpg
http://i45.tinypic.com/ekm8g9.jpg
Caribarra May 26th, 2010, 10:45 PM Hi All
The developer is offering a choice of two snagging companies who will snag your apartment and construct a report, one quote is for 2000 AED so what do people think about this service. Cost effective it is considering flights accommodation etc.
Please list your thoughts as many people will have to use their services we all can't come over or make multiple visits.
Nice pics by the way, as always.
charlie big potatoes May 27th, 2010, 10:07 AM It would be proper for the developer to ensure everything is operational before requesting investors to snag their units. Aug 2010 - The torch would still be a work in progress. Why is SP sending requests to investors to snag their units?
Perhaps they are gearing up to send out the final payment demands for spp buyers and up front service charge fees! Any further news on the lift issues?
buster007 May 27th, 2010, 10:44 AM Hi All
The developer is offering a choice of two snagging companies who will snag your apartment and construct a report, one quote is for 2000 AED so what do people think about this service. Cost effective it is considering flights accommodation etc.
Please list your thoughts as many people will have to use their services we all can't come over or make multiple visits.
Nice pics by the way, as always.
Look for a company not affiliated with the developer. I personally havent used them but real estate brokers like Better homes and Landmark properties offer such a service.
You might be dealing with an extension to SP - Take your 2000AED and do absolutely nothing.
Independent from the developer is definitely the way to go.
UAE_AD May 27th, 2010, 11:07 AM Its 89 floors now?
Caribarra May 27th, 2010, 03:10 PM Thank you much appreciated
scoobudubai May 27th, 2010, 07:13 PM Hi All
The developer is offering a choice of two snagging companies who will snag your apartment and construct a report, one quote is for 2000 AED so what do people think about this service. Cost effective it is considering flights accommodation etc.
Please list your thoughts as many people will have to use their services we all can't come over or make multiple visits.
Nice pics by the way, as always.
Using one of the 2 Select Snaggers? you might as well have Select snagger it themselves!
And who knows whet other deals they have made with said snaggers!
Sheltie May 27th, 2010, 08:13 PM Has anyone had experience of Exclusive snagging apartments in the past, like The Point or do you know anyone else who would do it?
Josau May 28th, 2010, 09:36 AM One thing is for sure: I would never use a snagging company which the developer proposes to me. I used this company and it was very good:http://www.completehomesme.com/snagdubai.html
Gheorghe348 May 28th, 2010, 10:41 AM Look for a company not affiliated with the developer. I personally havent used them but real estate brokers like Better homes and Landmark properties offer such a service.
You might be dealing with an extension to SP - Take your 2000AED and do absolutely nothing.
Independent from the developer is definitely the way to go.
Im certain they're not a part of SP. I used Exclusive for an apartment on JLT and they did a great job. From memory I spoke with a louise and I used them to do the whole snagging process.
I knwo someone in the same building who did the snagging himself but then spent about two months chasing the developer to fix the problems, but for me exclusive did all the chasing and I have a feeling it cost around 1500aed in total, a lot less than a flight to Dubai.
Caribarra May 28th, 2010, 01:43 PM Hi there can u please send the contact details for this company e.g. full company name, e-mail etc. Thank you.
buster007 May 28th, 2010, 03:06 PM Im certain they're not a part of SP. I used Exclusive for an apartment on JLT and they did a great job. From memory I spoke with a louise and I used them to do the whole snagging process.
I knwo someone in the same building who did the snagging himself but then spent about two months chasing the developer to fix the problems, but for me exclusive did all the chasing and I have a feeling it cost around 1500aed in total, a lot less than a flight to Dubai.
A company offering to snag your apartment, and in addition chase the developer to fix the problems - thats certainly new. Are you sure?
My experience is that the company offering the snag service, simply looks for faults or defects in the apartment, logs them, takes a few pictures to illustrate the faults and emails a report to you. It is up to you to chase or send such a report to the developer to act on.
Maybe for an additional premium, the company can chase the devlopers to fix the defects.
1500AED is a good deal if all that is offered.
Anjam May 28th, 2010, 03:48 PM I have heard good things about Exclusive. So what if Select are recommending them? Exclusive have their own reputation to maintain and it is not as if Select are going to have to shell out for any of the fixes. It is down to DCE to remedy any faults on the snagging list. Now if DCE were recommending a snagging company I would think twice.
CAJ May 28th, 2010, 08:16 PM Has anyone had their money back by cancelling the contract under clause 15.3?
Dubai_Steve May 28th, 2010, 08:17 PM http://i46.tinypic.com/5v7u36.jpg
scoobudubai May 28th, 2010, 08:34 PM Im certain they're not a part of SP. I used Exclusive for an apartment on JLT and they did a great job. From memory I spoke with a louise and I used them to do the whole snagging process.
I knwo someone in the same building who did the snagging himself but then spent about two months chasing the developer to fix the problems, but for me exclusive did all the chasing and I have a feeling it cost around 1500aed in total, a lot less than a flight to Dubai.
They would offer management services as an add on, rent apartment etc..
Are you sure no special deal between the 2?
Mistermark May 29th, 2010, 12:07 AM Has anyone had their money back by cancelling the contract under clause 15.3?
Not so far as I'm aware. The developer's position is that clients have an absolute right to cancel their purchases under this clause, but that it does not specifically require the developer to issue refunds, so the consequence of cancellation is simply to donate the funds paid to date to the developer.
scoobudubai May 29th, 2010, 12:21 AM Not so far as I'm aware. The developer's position is that clients have an absolute right to cancel their purchases under this clause, but that it does not specifically require the developer to issue refunds, so the consequence of cancellation is simply to donate the funds paid to date to the developer.
That is really great...it means no obligation to pay all the outstanding payments for those on a 15 year plan! just lose the 50percent already paid e.g. a 100k, direct into Select hands..no bad! however isn' there a law saying they can only pocket thirty?
Dubai_Steve May 29th, 2010, 01:46 AM Why not find a tenant to pay the other 50% for you and pocket it yourself after your lpp is all paid up. You've gone this far now is the time to start profiting after years of paying out.
Caribarra May 29th, 2010, 09:17 AM OK -Thank you for this information, it will help me - thanks.
Can I also ask what people are doing concerning their furniture packs as Select's seems expensive but I am told it's a quality package. Please leave me your thoughts on this.
Thank you
444Rentals May 29th, 2010, 03:39 PM Hi all, I myself own an apartment on The Torch. Does anyone know when the completion date is, 100%? Need to plan a visit. Also I received a package from Select yesterday at my old address, need to make arrangements to pick it up as it was sent to a pickup location. Does anyone know what it is? Is it their Furniture Pack (as Caribarra has stated above)?
mackie1964 May 29th, 2010, 05:08 PM Hi all, I myself own an apartment on The Torch. Does anyone know when the completion date is, 100%? Need to plan a visit. Also I received a package from Select yesterday at my old address, need to make arrangements to pick it up as it was sent to a pickup location. Does anyone know what it is? Is it their Furniture Pack (as Caribarra has stated above)?
It’s probably this rubbish I received via email and then by post. They never fail to amaze me, those clowns, they sent me paper work to units that I sold years ago and reading page two, it would appear that they are trying to get away with a shoddy inspection and hand over process.
So you book an appointment for inspecting a property that is no where near ready and not safe to access and book a flight that will get cancelled due to change of appointment or use one of their buddies to inspect a building that has not got real utilities connections…..yes right, I did hand over’s with DCE before and know how it goes.
I was hoping that they learned from the point but, reading this, I don’t think that there was any lesson’s learned.
Handover will not be before early next year as we all expected years ago.
I have a list of good, average and excellent furniture places some where and will dig it out and post it when I can.
http://i49.tinypic.com/24ev1tt.jpg
http://i47.tinypic.com/2nbugr5.jpg
http://i46.tinypic.com/2hds46o.jpg
http://i46.tinypic.com/kudm0.jpg
mackie1964 May 29th, 2010, 05:20 PM One thing is for sure: I would never use a snagging company which the developer proposes to me. I used this company and it was very good:http://www.completehomesme.com/snagdubai.html
I have also used this Irish Lady (Dee) in the past and she refused to inspect unless full connection was done, did 4 or 5 visits chasing the rectification of issues and written a good, detailed report for me, similar to Josau :cheers:
I posted one of her reports on the Point thread a few months back.
mackie1964 May 29th, 2010, 05:50 PM Perhaps they are gearing up to send out the final payment demands for spp buyers and up front service charge fees! Any further news on the lift issues?
I am usually in the know, when it comes to Dubai but, have been very busy with work lately! What are you referring to? I hope it's not what I think :bash:
Mistermark May 29th, 2010, 06:37 PM That is really great...it means no obligation to pay all the outstanding payments for those on a 15 year plan! just lose the 50percent already paid e.g. a 100k, direct into Select hands..no bad! however isn' there a law saying they can only pocket thirty?
I think it would be a terrible deal to walk away from a Torch apartment on LPP at this stage. Much better to keep it and rent it as Dubai_Steve has said, or sell it on completion if you really don't want it.
The losing 30 percent is based on terminating through breach of making payments in the early days of a project, I think, so wouldn't apply in the case of The Torch.
Mistermark May 29th, 2010, 06:40 PM OK -Thank you for this information, it will help me - thanks.
Can I also ask what people are doing concerning their furniture packs as Select's seems expensive but I am told it's a quality package. Please leave me your thoughts on this.
Thank you
Nearer the time I will ask a friend in Dubai how much it would cost to kit out my apartment from IKEA, then get a quote from SG and when I come out for handover take a look at the latter's quality before deciding. Plus I'll ask my letting agent's views on the relative merits of furnished vs unfurnished.
Mistermark May 29th, 2010, 06:43 PM Hi all, I myself own an apartment on The Torch. Does anyone know when the completion date is, 100%?
Only Mystic Meg, sadly. The rest of us must guess. Personally I think 2011 Q1, but that's just a guess and not based on a great deal of evidence.
agod May 30th, 2010, 03:40 AM I wonder if The Lands Department will accept this change of numbering, and just renew your OQOOD receipt, or will they try and charge us the one percent registration fee again, for a new apartment number.
A.
JoeCoolSA May 30th, 2010, 10:09 AM Hopefully, when TT will be completed DCE will relocate some workforce into BC!!! :yes:
shakka May 30th, 2010, 10:50 AM Nearer the time I will ask a friend in Dubai how much it would cost to kit out my apartment from IKEA, then get a quote from SG and when I come out for handover take a look at the latter's quality before deciding. Plus I'll ask my letting agent's views on the relative merits of furnished vs unfurnished.
I have had a few calls from Select wanting to flog these furniture packs. I will go out of my way not to buy this overpriced rubbish from them. They ring a bell in their office everytime some mug signs up for one. They got me once but not going to mug me off a second time!!
Yousuf27 May 30th, 2010, 12:31 PM I think it has been mentioned here before that there are a number of large furnishers in Dubai able to provide you with a total furnishing package at various levels of luxury and for much less money than the SG offerings. I'm sure someone will happily re-post the names of the good ones?
Poolview May 30th, 2010, 12:57 PM Any further news on the lift issues?
Could you expand on this for the rest of us or is it the secret squirrel club on this issue :cheers:
Also anyone Know if the building has been sealed like they said in the April/May update or have we been told more lies again :ohno:
Psofos May 30th, 2010, 02:20 PM I have heard good things about Exclusive. So what if Select are recommending them? Exclusive have their own reputation to maintain and it is not as if Select are going to have to shell out for any of the fixes. It is down to DCE to remedy any faults on the snagging list. Now if DCE were recommending a snagging company I would think twice.
I have also posted on The Point thread. I would recommend Louise at Exclusive. She has represented my interest in a professional way (not SG's nor SP's) and has provided an exceptional professional service re. inspection/snagging/follow-up.
A number of you have been asking, why are SG asking for inspections/snaggings at this very early stage of completion. From our/The Point handover experience, this is obvious... the sooner they arrange inspections/snagging, the sooner they can get final payments (those owning out-right) and the sooner they van wash their hands of their obligations. The buidling will not be complete upon inspection nor handover... suggest (and I hope I am wrong) you add a minimum of 12 months. Howver, in fairness, I did manage to get a tenant before the building was complete!
Good Luck.
Psofos.
Psofos May 30th, 2010, 02:25 PM I think it has been mentioned here before that there are a number of large furnishers in Dubai able to provide you with a total furnishing package at various levels of luxury and for much less money than the SG offerings. I'm sure someone will happily re-post the names of the good ones?
The company that SP recommended for The Point furniture pack was very bad. Kitchen items missing, wrong beds delivered, sofas damaged etc. Please rely on word of mouth/recommended suppliers and not Select Properties or Select Group partners.
Good Luck.
Psofos
True Blue May 30th, 2010, 03:16 PM Why do you not all request a preview copy of this addendum agreement now to see if it is just a number change exercise as they say?
Dubai_Steve May 30th, 2010, 05:18 PM Good idea but I expect it will be only for the number change as it is related to the snagging/inspection only. Once handover is due there will most likely be a proposed 2nd addendum for the LPP buyers only.
amplesou May 30th, 2010, 08:33 PM Good idea but I expect it will be only for the number change as it is related to the snagging/inspection only. Once handover is due their will most likely be a proposed 2nd addendum for the LPP buyers only.
how can you be talking about snagging !
surely it won,t be ready for 3 more years yet !
i think i said recently 2013 aproxx give and take a few month here and there!
:cheers:
Dubai_Steve May 30th, 2010, 08:43 PM ^^ You mean your not coming to the big opening party in 2011 then?
amplesou May 31st, 2010, 11:08 AM Originally Posted by bizzybonita
I thought you was luck down for good May 3rd, 2012 08:06 PM ... Thread's Playa
You sir (BIZZYBONITA) are appointed to moderate here NOT sit back and mess with, and BULLY members.
You have done this repeatedly with myself,despite my contribution to the D.Sc. threads and other since 2007..
My contribution to DSc is less because of your single handed ,sick minded bulling attitude imo!
take a look at your pointless tirade against me since the turn of the year below
I have repeatedly asked you and atlind, for your help for improvements to the Mess ,which your lack of "moderation" has led too in the first place on the DSc threads....
I HAVE DONE NOTHING WRONG TO DESERVE THIS !!!!!!
Profile Infraction
Reason: Random Post
July 3rd, 2011 06:06 PM by bizzybonita 3 / May 3rd, 2012 06:06 PM
Profile Infraction
Reason: Inappropriate Language
February 7th, 2011 09:28 PM by bizzybonita 1 / Expired
Profile Infraction
Reason: Posting random stuff/opening random threads
February 4th, 2011 02:21 PM by bizzybonita 2 / Never
Profile Warning
Reason: Wrong attitude
February 4th, 2011 02:17 PM by bizzybonita 0 / Expired
Bizzybonita your are one sick human being..
Dubai_Steve June 1st, 2010, 12:57 AM I think it has been mentioned here before that there are a number of large furnishers in Dubai able to provide you with a total furnishing package at various levels of luxury and for much less money than the SG offerings. I'm sure someone will happily re-post the names of the good ones?
Some useful alternatives to Select for furnishing found on SSC:
http://int.natuzzi.com/#/homepage
http://www.boconcept.ae/BoConcept_Dubai.aspx?ID=77740
http://www.iddesignuae.com/
http://www.panemirates.com
http://www.marinagulf.com/
http://www.modernlivingdubai.com/?navigation=company
http://www.lalsgroup.com/home.htm
http://www.homecentre.net/
http://www.ikeadubai.com/content/main.asp
Dear Customer,
Thank you for your interest in Ikea. We give free delivery and assembly services within UAE if a customer purchased AED 2000 of (only) Furniture items. This purchase does not include Markethall items (mirrors, crockery, plants, duvets, etc.)
Dubai & Sharjah will take 7 to 10 working days, except for other emirates in which we deliver twice in a week.
But in case if your furniture is less than 2000 AED we will charge you for delivery and assembly the charges are as follows:
For Dubai & Sharjah, Delivery = 100 AED and Assembly = 200 AED, Other Emirates delivery = 200 AED and Assembly = 300 AED.
Please don't hesitate to call or mail us for any further information.
Best Regards.
Customer Service.
IKEA U.A.E
800 IKEA
800 4532
Dubai_Steve June 1st, 2010, 01:03 AM Agod, any news about marina park?
http://i49.tinypic.com/2hyc76v.jpg
agod June 1st, 2010, 02:11 AM No, its been put on the back burner for the moment, as I am busy with the new interim HOA set up, but after the summer, when they are all back in town, then is the time to write to GN, but I do bring it up when I meet important people.
I think It's still owned by East West, AD, so not sure if they would play ball.
Alan
buster007 June 1st, 2010, 09:25 AM Some useful alternatives to Select for furnishing found on SSC:
Thanks for the links Steve ...
Anyone know of links to other "Made-in-China" furniture Outlets .. similar to the DragonMart => http://www.dragonmart.ae/ ?
charlie big potatoes June 1st, 2010, 04:04 PM Could you expand on this for the rest of us or is it the secret squirrel club on this issue :cheers:
Also anyone Know if the building has been sealed like they said in the April/May update or have we been told more lies again :ohno:
I wrote some months ago re the lifts and got slated. Nothing secret about it. I was just asking if anyone on here had heard if they had sorted out the mess with the lifts to the 30s? Now that all the appt numbers have changed will it affect the 30s or the 40s?
Caribarra June 1st, 2010, 08:22 PM Hi there
Can you let us know what you mean by mug me off a second time?????? Select have had me three times as all three properties ive purchased have gone bad in terms of an investment. Thanks
Poolview June 1st, 2010, 09:05 PM I wrote some months ago re the lifts and got slated. Nothing secret about it. I was just asking if anyone on here had heard if they had sorted out the mess with the lifts to the 30s? Now that all the appt numbers have changed will it affect the 30s or the 40s?
Sorry about this did'nt mean to sound abrupt,read your post then Mackie1964 mentioned it & I thought WTF! now
regards PV
charlie big potatoes June 1st, 2010, 10:21 PM I am usually in the know, when it comes to Dubai but, have been very busy with work lately! What are you referring to? I hope it's not what I think :bash:
Mack sorry mate missed your post as I aint been around much lately. 2 months ago before the floor numbering change there was no direct lift access to (i believe 30 to 39) from the car park. You had to get out and make a lift change to complete the journey. Nightmare I know, when moving in with furniture or late for work...
Dubai_Steve June 2nd, 2010, 01:43 AM Mack sorry mate missed your post as I aint been around much lately. 2 months ago before the floor numbering change there was no direct lift access to (i believe 30 to 39) from the car park. You had to get out and make a lift change to complete the journey. Nightmare I know, when moving in with furniture or late for work...
Why only 30-39 that does not make sense?
234sale June 2nd, 2010, 09:07 AM Hi there
Can you let us know what you mean by mug me off a second time?????? Select have had me three times as all three properties ive purchased have gone bad in terms of an investment. Thanks
NO INVESTMENT DISCUSSIONS PLEASE
234sale June 2nd, 2010, 09:21 AM Agod, any news about marina park?
http://i49.tinypic.com/2hyc76v.jpg
Where would they get the investment to build it,, this will stay vacant for at least 2 years..
234sale June 2nd, 2010, 09:21 AM http://gigapan.org/gigapans/50979/
^^ one of those zoom in images
http://i49.tinypic.com/t6cyfm.jpg
http://i49.tinypic.com/2en2hwz.jpg
MANUTD June 2nd, 2010, 09:44 AM http://gigapan.org/gigapans/50979/
^^ one of those zoom in images
http://i49.tinypic.com/t6cyfm.jpg
http://i49.tinypic.com/2en2hwz.jpg
Great pics Sale -- we will see if we can get inside in couple of weeks time for pictures from the top ?
True Blue June 2nd, 2010, 11:40 AM ^^Fantastic shot:applause:
Well I hope they have got Paul Daniels on hand for the snagging inspections. Looking at all the apartments on the goods lift route, every one of them has a bit of work to do to finish it off. The base of the tower is also a mess and looks a long way away from being presentable.
Top 25% of the tower fitout looks barely started. Select don't pay compensation for wasted travel arrangements so plan wisely.
If the inspection can not take place due to reasons beyond the developers control, the developer shall not be liable for any travel, accommodation or any other associated costs incurred by the buyer in relation to this notification.
Yous sincerely
Paul Brady
Surely issuing a notice of inspection and then not being ready is entirely within their control. The Brady bunch mentality:ohno:
Dubai_Steve June 2nd, 2010, 12:42 PM Where would they get the investment to build it,, this will stay vacant for at least 2 years..
Council tax (I mean the housing fees)? I have some very nice council paid for parks close to me in the UK.
smshah June 2nd, 2010, 02:55 PM Dear fellow Investors
Hi i hope you are all well, and looking forward to the completion and impending handover of the apartments at the torch! i wish.
a question i would like to ask, realistic answers pls on this question. On the SP program when is the 10% last payment due? on handover of the apartment or completion of the building and also does anyone known when do we need to pay the last 10%?
thanks
Grubbman June 2nd, 2010, 04:30 PM keep hold of it as long as you can its still some way off completion..
Anjam June 2nd, 2010, 05:54 PM Looking at 234sale's picture above, your 10% will probably be due earley next year.
Sid June 3rd, 2010, 10:51 PM Final installment due at completion.
Oh yeah... dont forget- there will be a 'compensation' payment too... (not!)
Caoi1971 June 4th, 2010, 06:16 AM Has anyone done an estimate of what the compensation payments may be ? (Based on latest FM declarations etc)
Joannides June 4th, 2010, 09:30 AM Has anyone done an estimate of what the compensation payments may be ? (Based on latest FM declarations etc)
I’m so out of the loop on this development these days, but from recollection, I thought there weren’t going to be compensation payments, because they claimed FM. I thought they were going to pay a small one time token amount which is yet to be decided? Maybe I am wrong, but does anyone know more details about this?
charlie big potatoes June 4th, 2010, 10:46 AM Guys we recently received compensation at The Point for late delivery it was as follows. On a 3 bed of 1600sq ft we received £15 per day. That will get you a coffee and a croissant in Paul. Although some time off completion here, I have just used a great company to snag a 2 bed in PI for £210 and they are also dealing with a refurb in The Greens for me with great results. Will post a few pics in a week when they are finished. Sale great pics as always. See you on the 28th.
jeffers June 4th, 2010, 12:19 PM Guys we recently received compensation at The Point for late delivery it was as follows. On a 3 bed of 1600sq ft we received £15 per day. That will get you a coffee and a croissant in Paul. Although some time off completion here, I have just used a great company to snag a 2 bed in PI for £210 and they are also dealing with a refurb in The Greens for me with great results. Will post a few pics in a week when they are finished. Sale great pics as always. See you on the 28th.
CBP was compo rec'd from the actual SPA contracted completion date or a date they chose sometime after that???
444Rentals June 4th, 2010, 03:45 PM Thank you mackie1964, thats exactly what I had received - got to decide how to do this now. Thank you for your response.
Mistermark, how do i get in touch with Mystic Meg? Got a number? :) Been waiting far too long for the completion. Gosh, I wish they would hurry it up. I got people interested, as I am, with staying there. *Still Waiting* >(
charlie big potatoes June 4th, 2010, 05:05 PM CBP was compo rec'd from the actual SPA contracted completion date or a date they chose sometime after that???
Hi Jeffers. Mine was paid from the moment they defaulted as per the SPA. Good luck with your investments. In town on 28th so I will get you some pictures.
vijay@stavanger June 4th, 2010, 10:13 PM Guys we recently received compensation at The Point for late delivery it was as follows. On a 3 bed of 1600sq ft we received £15 per day. That will get you a coffee and a croissant in Paul. Although some time off completion here, I have just used a great company to snag a 2 bed in PI for £210 and they are also dealing with a refurb in The Greens for me with great results. Will post a few pics in a week when they are finished. Sale great pics as always. See you on the 28th.
Hi CBP
Could you please let me know the details of company doing the refurb for you at The Greens. I need to refurb every room at The Point.
Thanks
Vijay
hawki June 4th, 2010, 11:05 PM Does anyone know what the rental demand is like at the moment in this area? It seems that there are going to be tens of thousands of units appearing on the market at the same time. We are going to be fighting amongst ourselves here in the torch! Hope we are all able to finance the long wait ahead to find tenants!!!!:ohno:ohno
Dubai_Steve June 4th, 2010, 11:15 PM Yes, looks like Torch owners will now also have Infinity as competition for rentals. Looks like Infinity will be ready at the same time.
hawki June 4th, 2010, 11:21 PM Yes, looks like Torch owners will now also have Infinity as competition for rentals. Looks like Infinity will be ready at the same time.
Steve where do you think people are likely to want to stay- I wonder what prices will be realistic to receive at the torch and infinity and which tower will get the better yield?
Dubai_Steve June 4th, 2010, 11:28 PM Pretty likely rental prices in both will be falling. Torch owners will also have to undercut Infinity because of the finish quality. Marina facing owners of the Torch should be able to find a tennant though and Damac Heights may put of some infinity rentals. Otherwise I think Torch will rent out better than the other towers in the tallest block because of its location.
amplesou June 5th, 2010, 12:19 AM Yes, looks like Torch owners will now also have Infinity as competition for rentals. Looks like Infinity will be ready at the same time.
na infinity won,t be rival !
people don,t wont to stay in a wonky tower block ,anyway they have those awfull metal plates blocking there views for no reason!
Torch is the baby !
:cheers:
thetorch June 5th, 2010, 02:18 AM Does anyone with experience in these matters care to share their views on the snagging process. For example, does this process only apply to the apartment itself, or does it extend to amenities such as the building site below, that is supposed to be shops, swimming pool, decking, gym etc....
What constitutes acceptance of a quote "5 star apartment" as described in the brochure?
What rights do we have in Dubai if we are unhappy with the overall build quality of the apartment, even if done to a good standard (eg the kitchen is fitted perfectly, but the components used, such as cooker, fridge, work tops, etc.. are not to a 5 star standard)?
What defines the standards, is there an official document available that we should be referring to?
As I see it, given we are now entering the silly season, where little work will be done due to the heat, what are the lower apartment owners going to make of their views over the building site and is this paramount to acceptance rejection, ie the building (rather than the apartment) is not complete?
Any help appreciated. Trying to work out whether it is a complete waste of time going over there and whether if we didn't, because it is obvious it is not ready, SP can hold us to final payment contract if we refuse to waste a ton of money on independent snaggers going in on our behalf?
Regards
The Torch
charlie big potatoes June 5th, 2010, 07:36 AM na infinity won,t be rival !
people don,t wont to stay in a wonky tower block ,anyway they have those awfull metal plates blocking there views for no reason!
Torch is the baby !
:cheers:
877 posts and you finally write something of any value. Infinity wont be a rival. Of course it wont its in a different league and tenants will pay a better rent to live in it.
hawki June 5th, 2010, 08:15 AM 877 posts and you finally write something of any value. Infinity wont be a rival. Of course it wont its in a different league and tenants will pay a better rent to live in it.
Of course it is in a different league but that doesn't mean it can get a better yield!!! Our biggest problem is torch is middle of the rd and I'm not sure that there is enough demand which means infinity will be offered at any cost to fill it up ahead of us !!!ie our future tenants will be able to stay there at the same price that we were expecting when we bought into this tower
charlie big potatoes June 5th, 2010, 08:30 AM You cant bring into this what you were expecting when you bought into TT. For some that was about 6 years ago. Todays rent is what it is. Yes those who want to rent will be up against it so get in first. This will hand over well before Infinity so assuming you price it right you should be ok. Anyhow forget Infinity, you are going to be up against the other 600 in TT.
ramzy June 5th, 2010, 09:46 AM What else will TT be up against (apart from Infinity) assuming TT completes on next 12-18 months?
jeetha June 5th, 2010, 10:35 AM Ocean Heights will be completed about the same time
True Blue June 5th, 2010, 12:17 PM Ocean Heights will be completed about the same time
What else will TT be up against (apart from Infinity) assuming TT completes on next 12-18 months?
OH is only 350 apartments, half the capacity of TT fortunately.
Next 12-18months; MAG218, Zumurud, un named tower next to Westside, Wharf1, Casa Del Mar, Ocean Heights, Trident Grand Residence, Silverene, Orra Marina, Skyview, Sulafa all definite.
Definite maybes; Marina Pinnacle, Princess Tower, The Atlantic, GH Residencies, 23 Marina, Marsa and a few others of unknown names.
SkyscraperCity man June 5th, 2010, 01:22 PM 04 June 2010
http://img62.imageshack.us/img62/8832/dsc0164i.jpg
http://img691.imageshack.us/img691/2962/dsc0200j.jpg
Morrismarina June 5th, 2010, 03:38 PM OH is only 350 apartments, half the capacity of TT fortunately.
Next 12-18months; MAG218, Zumurud, un named tower next to Westside, Wharf1, Casa Del Mar, Ocean Heights, Trident Grand Residence, Silverene, Orra Marina, Skyview, Sulafa all definite.
Definite maybes; Marina Pinnacle, Princess Tower, The Atlantic, GH Residencies, 23 Marina, Marsa and a few others of unknown names.
Anti SP/SG again. :ohno: You missed out Bay Central handover March 2011. :cheers:
mackie1964 June 5th, 2010, 11:01 PM From Feb 2009
We are writing to make you aware that following our most recent in-depth project review the overall completion date of The Torch Tower, Dubai Marina, has been confirmed as January 2010 however we are pleased to confirm that buyers will be invited to inspect their properties from September this year.
We have outlined the reasons for the delay below, as well as a number of aspects related to this project, the current progress achieved and the projected schedule for completion of the project.
Reasons for Delay
Over the launch phase in 2005/06, the Torch Tower – standing at 86 floors - was the second tallest tower in Dubai. At this time the authorities were therefore cautious in issuing ‘No Objection Certificates and Approvals’ on such pioneering projects. However, after numerous submissions and re-submissions to the relevant authorities we received final approval.
The key reasons for the delay of the Torch, some of which have been communicated previously, are as follows:
1. Around late 2005 Dubai Municipality blocked all constructions in District 10 due to a Traffic Impact Study that the Municipality requested from Emaar.
2. Additional 3rd party reviews were required in various stages of design approvals.
3. Emaar’s new regulations to obtain approvals on external finishes used.
4. Unavailability of Emaar issued Traffic Impact Study in Marina area
5. Re-checking the structural and MEP designs based on ACI and NFBA (new regulation)
6. New DM regulations requiring consideration to be given to Green Environment design.
7. Revised Civil Defence regulations following a string of accidents in Dubai which resulted in the revision to fire fighting, fire alarm and central control systems.
The record of our submissions and approvals process indicates that from 1st Oct 2005 to 5th Dec 2006, a period of more than 14 months, the relevant authorities were considering designs and submissions without issuing required permits.
Once the work started on the Tower, other delays occurred due to the introduction of a number of new regulations by the Government, which included: a Government declared amnesty that resulted in a severe lack of manpower in the UAE as construction workers were returning to their countries, reduced working hours for workers due to the Government introducing a summer midday break, and Civil Defence delays in approving fire fighting drawings due to their request that designs are seen in view of additional codes.
All the above reasons have contributed to the delay of 19 months in the Project that was actually anticipated for 30th June 2008 but is now scheduled for 31st January 2010 subject to any further governmental approvals that may be required or indeed, other events beyond our control.
The overall delay to the project, from its originally anticipated completion date of 30th June 2008 to its new completion date of 31st Jan 2010, is 19 months, out of which 14 months can be attributed to the delays associated with obtaining the building permit (as explained above) and 5 months of construction delays.
Payment Penalties
We would like to draw your attention to Clause 15.3 of the SPA which states that if the delay is due to Force Majeure (as defined in the SPA) then no penalties are payable and the developer may deliver the project up until 30th June 2009. Among other reasons cited as being beyond the control of the seller, Force Majeure includes: “any event allowing the contractor carrying out the development works an extension of time under the relevant building contract(s)”.
All of the reasons listed above constitute events of Force Majeure under the SPA.
Nonetheless, despite the absence of any contractual entitlements to purchasers (as per clause 15 of the SPA) and entirely as a gesture of goodwill we have decided to credit you with interest at LIBOR + 1% on all payments you have made on or before 30th June 2009. This interest will accrue during the period of 30th June 2009 to 31st January 2010. We hope that you will continue to support us in our endeavour for the earliest possible completion of your property.
Though the delay of 19 months is for reasons entirely outside our control, we trust that you will find our offer of a goodwill payment satisfactory. Please note that the amounts payable by us will be adjusted in the installment due on completion. Of course, acceptance of this credit will be treated as a resolution of any issues that may arise out of the delays.
Please find below, for your information, further details on the current and anticipated progress of the project:
I posted this part earlier
mackie1964 June 5th, 2010, 11:04 PM Mack sorry mate missed your post as I aint been around much lately. 2 months ago before the floor numbering change there was no direct lift access to (i believe 30 to 39) from the car park. You had to get out and make a lift change to complete the journey. Nightmare I know, when moving in with furniture or late for work...
No worries, I usually do the same, just read the last few posts from time to time. Cheers:cheers:
agod June 6th, 2010, 04:39 AM Can anybody tell me which floors are the Mechanical ones, with the new numbering system.
Al.
hawki June 6th, 2010, 09:53 AM You cant bring into this what you were expecting when you bought into TT. For some that was about 6 years ago. Todays rent is what it is. Yes those who want to rent will be up against it so get in first. This will hand over well before Infinity so assuming you price it right you should be ok. Anyhow forget Infinity, you are going to be up against the other 600 in TT.
Exactly, I wonder how many people can keep paying running costs and payments in this area without any income because it could be a long long wait!!!!!!!!!!! The further time goes on the more towers are being completed, I think there will be approx 150 towers all crying out for people to live in!!!!!!! Opppppsssssss..................!:nuts:
barry mcbarry June 6th, 2010, 11:24 AM Exactly, I wonder how many people can keep paying running costs and payments in this area without any income because it could be a long long wait!!!!!!!!!!! The further time goes on the more towers are being completed, I think there will be approx 150 towers all crying out for people to live in!!!!!!! Opppppsssssss..................!:nuts:
You mean there's a risk of oversupply? Really?
hawki June 6th, 2010, 11:39 AM You mean there's a risk of oversupply? Really?
Are you trying to make me look stupid ? My point is there are going to be a lot of people in this tower who simply can't keep up the payments , it's gonna be a right mess !
True Blue June 6th, 2010, 12:32 PM Anti SP/SG again. :ohno: You missed out Bay Central handover March 2011. :cheers:
Anyone posting reliable completions is anti SP/SG because SP/SG never provide realistic information and NEITHER DO YOU! Care to remind us what your random guess for The Torch completion was?
BC is not included in the list because this 2 tower development will not be handed over until 2012 earliest, which is more than 18 months away. FFS it is 15 floors away from topping out and you believe it can handover in 9 months:nuts: Give it a rest with the propoganda!
RedWayne28thfloor June 6th, 2010, 03:09 PM Anyone posting reliable completions is anti SP/SG because SP/SG never provide realistic information and NEITHER DO YOU! Care to remind us what your random guess for The Torch completion was?
BC is not included in the list because this 2 tower development will not be handed over until 2012 earliest, which is more than 18 months away. FFS it is 15 floors away from topping out and you believe it can handover in 9 months:nuts: Give it a rest with the propoganda!
It's amazing how it's always somebody else's fault that handover is so late!
Morrismarina June 6th, 2010, 03:53 PM Anyone posting reliable completions is anti SP/SG because SP/SG never provide realistic information and NEITHER DO YOU! Care to remind us what your random guess for The Torch completion was?
BC is not included in the list because this 2 tower development will not be handed over until 2012 earliest, which is more than 18 months away. FFS it is 15 floors away from topping out and you believe it can handover in 9 months:nuts: Give it a rest with the propoganda!
Love it.......get you going every time. :hilarious
Morrismarina June 6th, 2010, 04:14 PM Love it.......get you going every time. :hilarious It's like reeling in a kipper !! :lol:
Joannides June 6th, 2010, 06:05 PM For the point about SG crediting us "with interest at LIBOR + 1% on all payments you have made on or before 30th June 2009. This interest will accrue during the period of 30th June 2009 to 31st January 2010. We hope that you will continue to support us in our endeavour for the earliest possible completion of your property"
does anyone know what this currently works out as as (roughly) - £290 approx for every AED100,000 paid on or before 30/06/10 or am i way off? thanks
chelseaboy June 6th, 2010, 06:11 PM For the point about SG crediting us "with interest at LIBOR + 1% on all payments you have made on or before 30th June 2009. This interest will accrue during the period of 30th June 2009 to 31st January 2010. We hope that you will continue to support us in our endeavour for the earliest possible completion of your property"
does anyone know what this currently works out as as (roughly) - £260 approx for every AED100,000 paid on or before 30/06/10 or am i way off? thanks
Nope. Youre spot on! Thats about all we got for a 1 bed at the Point. Handover was also postponed at the last minute twice which cost us thousands. Expect you handover dates to be rearranged at very short notice with no compo due to cancelled flights etc.
charlie big potatoes June 6th, 2010, 06:24 PM Exactly, I wonder how many people can keep paying running costs and payments in this area without any income because it could be a long long wait!!!!!!!!!!! The further time goes on the more towers are being completed, I think there will be approx 150 towers all crying out for people to live in!!!!!!! Opppppsssssss..................!:nuts:
Well I want a extra 2 bed in here for at least a year for a member of staff and will offer the following. Pay a year upfront, no agents fees for you, so spp guys can use this as their last payment. For that I want the best 2 bed available (no lift change) Furnished (very basically) no LPP if the addendum arrises here and the best for my money. I need a very early handover so PM me your anticipated rents for consideration.
Dubai_Steve June 6th, 2010, 08:44 PM Why is the LPP (if addendum) an issue for you?
Morrismarina June 6th, 2010, 08:57 PM Well I want a extra 2 bed in here for at least a year for a member of staff and will offer the following. Pay a year upfront, no agents fees for you, so spp guys can use this as their last payment. For that I want the best 2 bed available (no lift change) Furnished (very basically) no LPP if the addendum arrises here and the best for my money. I need a very early handover so PM me your anticipated rents for consideration.
So when exactly does this member of staff require an apartment ?? I assume they have some sort of timescale in mind ??
charlie big potatoes June 6th, 2010, 09:27 PM So when exactly does this member of staff require an apartment ?? I assume they have some sort of timescale in mind ??
As soon as the building is operational. I have them in a 3 bed at the moment and want the unit back.
Anjam June 7th, 2010, 01:24 PM If anyone here has been through the company incoporation rigmoral and wouldn't mind sharing experiences please pm me.
Caribarra June 7th, 2010, 05:26 PM Hi
Can I ask if anyone has used the snagging services of Betterhomes, if so can you let us all know what their services were like. Their charges seem reasonable compaired to Asteco who Select recommend.
Thank you -
Yousuf27 June 7th, 2010, 06:49 PM Not sure if I've missed someone already answering this but which floor is the change floor for the lifts?
True Blue June 7th, 2010, 07:50 PM Do none of the lifts go the full height of the building?
charlie big potatoes June 7th, 2010, 09:16 PM TB oddly enough yes they do. You can go from the carpark to the top in one go. The issue is with the 30s which may now have changed with the re numbering.
True Blue June 7th, 2010, 09:48 PM Seems strange, unless you've got your wires crossed. I know that most supertalls operate a system of lifts that serve a specific set of floors. For instance if you live in floor 70 you have to use lift 3 which serves 60-90 and if you want floor 30 you have to use lift 1 etc. This stops lifts making multiple stops on the way up or down and speeds up the efficiency. The problem is when you want to visit your mate on floor 30 and you're on floor 70 then you have to go to podium and swap lifts.
Blizzy June 8th, 2010, 11:26 AM ^^ Or you can take the stairs :)
thetorch June 8th, 2010, 05:36 PM ^^ Or you can take the stairs :)
^^
Going down is just as hard on the legs carrying a UK beer belly, as going up, any mountaineer would tell you that!
He could abseil down though :)
The Torch
Caribarra June 9th, 2010, 12:26 AM Hi there everyone
Are there any of you who have to snag there apt in August????? if so who have you chosen to snag it......... thank you for your comments.
Anjam June 9th, 2010, 01:40 AM Caribarra, I will be probably be using Exclusive. Costs less than a flight to Dubai, they know what they are looking for and will change the inspection date FOC should the dates get changed last minute as I suspect they will. Even if I am out there at the time I will probably hire a company or someone who has been through the process a number of times and walk round with them.
buster007 June 9th, 2010, 08:30 AM ^^
Dont bother snagging in Aug - the building would barely be inhabitable - a dilemma dealing with SP. I'll wait till Xmas or after some feedback from other investors on their apt/building before making any plans to visit/snag.
I think the suggestion of possibly getting someone professional to snag alongside you, is a good one.
Anjam June 9th, 2010, 12:10 PM Do owners have the option of not snagging within their allocated time window?
Mistermark June 9th, 2010, 02:33 PM Do owners have the option of not snagging within their allocated time window?
Yes - if you don't do your own snagging, or appoint someone to do it, the developer will let the contractor do it and their views will be final.
Rider June 9th, 2010, 02:53 PM Did Select Group impose a deadline for submitting the form and agreeing a snagging date/time? I'm hoping we can leave it until later in the year when we can book a flight with more certainty knowing that the appointment is less likely to get cancelled.
Anjam June 9th, 2010, 03:01 PM I don't think there is a deadline to sub the form but you do have a time window for the appointment depending on which floor you are on. I assume slots will be allocated on a first come first served basis with most invstors choosing dates towards the end of the allocated period.
foxy June 9th, 2010, 03:48 PM No, sorry, I am nothing to do with the point, I just imparted my story about Marinascape, where I live.
Ask Select for an owners list, then email the Owners, and ask them if they wish to be nominated for the new Interim Board, they then supply a small resume of themselves, and you vote for who you want, for those unable to be present, you need to inform them that they can have a Proxy vote, which is asking someone to hanlde your vote for you, who can be at the meeting.
You need to take the Bull by the horns, and get yourselves organised, even go around knocking on doors, to get it off the ground.
A
This is from The Point thread. Wise words from Alan.
My question is should we start preparing ourselves for the maintenance of the building?
My preference is to discuss it and nominate a board. We need to know what is a reasonable maintenace fee for year1. My guesstimate is that it should be low as the building may not be totally finished and will be under guarantee.
Thoughts please and leaders to step forward.
Grubbman June 9th, 2010, 05:16 PM going to be a very lively discussion forum when the snagging starts on this monstrosity, going to be more entertaining than the world cup...
amplesou June 9th, 2010, 05:25 PM Hi
Can I ask if anyone has used the snagging services of Betterhomes, if so can you let us all know what their services were like. Their charges seem reasonable compaired to Asteco who Select recommend.
Thank you -
betterhomes for snagging ?
hardly at arms lenght are they:lol:
Mistermark June 9th, 2010, 06:30 PM This is from The Point thread. Wise words from Alan.
My question is should we start preparing ourselves for the maintenance of the building?
My preference is to discuss it and nominate a board. We need to know what is a reasonable maintenace fee for year1. My guesstimate is that it should be low as the building may not be totally finished and will be under guarantee.
Thoughts please and leaders to step forward.
I think it would be a good idea to nominate people for a board early on. Ideally, most if not all would be people planning to live in the building, or at least in Dubai.
Any volunteers?
Anjam June 9th, 2010, 06:32 PM This is from The Point thread. Wise words from Alan.
My question is should we start preparing ourselves for the maintenance of the building?
My preference is to discuss it and nominate a board. We need to know what is a reasonable maintenace fee for year1. My guesstimate is that it should be low as the building may not be totally finished and will be under guarantee.
Thoughts please and leaders to step forward.
^^ Fees are finger in the air for year one and I don't think you can change the maintenance company until it is up for renewal at the end of the first year. I may be wrong.
Read some article somewhere that fees in Marina are should be between 15-23 AED Psf with a few exceptions. That should give us best case and worst case.
CAJ June 9th, 2010, 07:01 PM ^^ Fees are finger in the air for year one and I don't think you can change the maintenance company until it is up for renewal at the end of the first year. I may be wrong.
Read some article somewhere that fees in Marina are should be between 15-23 AED Psf with a few exceptions. That should give us best case and worst case.
If there are 504 Appts and if the average is say 1200ftsq this would give the Management company an income of between 9,072,000AED and 13,910,400AED per annum This cannot be correct nor should we as owners stand for this
Can any one tell me what we get as owners, for our £325-£630 per month
foxy June 9th, 2010, 07:35 PM ^^ Fees are finger in the air for year one and I don't think you can change the maintenance company until it is up for renewal at the end of the first year. I may be wrong.
Read some article somewhere that fees in Marina are should be between 15-23 AED Psf with a few exceptions. That should give us best case and worst case.
I think Mag218 is 10AED psf. Still adds up to a lot of money.
CAJ June 9th, 2010, 07:44 PM I think Mag218 is 10AED psf. Still adds up to a lot of money.
The more appts the cheaper it should be 1 Swimming pool 1 Gym 1 concierge etc
charlie big potatoes June 9th, 2010, 08:54 PM If there are 504 Appts and if the average is say 1200ftsq this would give the Management company an income of between 9,072,000AED and 13,910,400AED per annum This cannot be correct nor should we as owners stand for this
Can any one tell me what we get as owners, for our £325-£630 per month
A three bed at The Point of 1600 sq ft costs about £100per week. For that you get very little. But a year on they are doing things to put stuff right. There is nothing you can do for the first year at least.
Blizzy June 9th, 2010, 09:42 PM ^^
Going down is just as hard on the legs carrying a UK beer belly, as going up, any mountaineer would tell you that!
Hmm, I once went down 42 floors using the stairs and found it pretty nice, albeit lengthy. I did not carry a UK beer belly though, as I was 12, I think :)
Dubai-Sail June 10th, 2010, 04:53 AM A three bed at The Point of 1600 sq ft costs about £100per week. For that you get very little. But a year on they are doing things to put stuff right. There is nothing you can do for the first year at least.
Good to see things are getting better there CBPs. A friend of mine has an apartment in Marina Mansions - There, the management fees were set to multiply, but after owner uprise RERA decided otherwise. Regulation has to be the way ahead.
I think the lack of this is exactly why the problem is showing itself - 100 GBP per week at The Point, and little is given in return. There are a lot less appartments in The Point, (Square feet is what it boils down to), than there are in The Torch. "Management Fees", do of course have to be met, and spread out accordingly, so one would have to accept higher fees per square foot in a smaller project.
A question might be, "Why so much for so little in return?". What does 100 GBP per week amount to over the year multiplied by the number of units in The Point?, (or equivalent square footage). Accademic, as I know with these numbers it's a big figure.
Asside this, the issue is, fair and realistic charges should be the way ahead.
If a chosen management company can't manage a supertall for less, per square foot than a smaller tower, then they are the wrong company.
As CAJ pointed out, security is security, swimming pools are swimming pools, and front desk staff are, . . . well that's it.
Another question might be, "Who decides on the management company?". Big question. Lots of bucks to be made by the MANAGEMENT COMPANY, at the rates given on the above post.
It's just a thought. It's cost us enough already to get to where we are, without being screwed by another bunch waiting after the storm passes.
Josau June 10th, 2010, 12:46 PM When you compare maintenance charges you have to take into account what they include. In some buildings the fee includes A/C for your flat in others it doesn't. Some buildings have gyms that are on a membership basis, others have "free" gyms. etc. The point that more flats will bring the cost down is wrong. You have a hell of an elevator maintenance in a tower like this. Plus the cleaning of a building of this size etc. etc.
vijay@stavanger June 10th, 2010, 03:35 PM A three bed at The Point of 1600 sq ft costs about £100per week. For that you get very little. But a year on they are doing things to put stuff right. There is nothing you can do for the first year at least.
Please see the following article. Some developments have reduced their service charges by 60 to 80%.
New law to give more protection on service fees
by Andy SambidgeThis email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 26 May 2010
SERVICE FEES: Residents of Discovery Gardens in Dubai threatened legal action over high service fees being charged.New regulations will force developers in Dubai to get clearance from property regulator RERA before they can collect any service charges on jointly owned properties.
The Strata Law, which came into force on Tuesday, will also make it mandatory for developers who are constructing projects to submit their drawings to the Land Department's survey section for approval so that rights to communal areas are defined, said Marwan bin Ghalita.
RERA also has the right to temporarily administer a development in case of breach of rules by owners, he said in comments published by UAE daily Emirates Business.
Related: High Dubai service fees 'putting off investors' - CBRE
Story continues below ↓
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"The guidance will give investors more confidence. This will make the market more mature and transparent," he told the paper.
Last month, CB Richard Ellis said high service charges imposed by developers in Dubai needed to be addressed to restore confidence in the market.
The property company said that the issue of service charges was likely "to be a major talking point" this year.
The report said that the current level of charges amid falling rental values was impacting rental yields and putting off would-be investors.
"Service charges across freehold locations remain a concern for both current and would-be investors. Falling lease rates have served to accentuate excessive service charge rates set by developers during the peak," Mat Green, associate director - Research and Consultancy, CB Richard Ellis, said.
"[They are] something that will need the proper attention of the Real Estate Regulatory Agency (RERA) to help further transparency and in order to stimulate and encourage greater investment activity moving forward," he added.
Sid June 10th, 2010, 11:00 PM Select have confirmed there will be 'temporary' elec and water supply during the snagging period. :nuts:
Was this same for Point?
Dubai-Sail June 10th, 2010, 11:40 PM When you compare maintenance charges you have to take into account what they include. In some buildings the fee includes A/C for your flat in others it doesn't. Some buildings have gyms that are on a membership basis, others have "free" gyms. etc. The point that more flats will bring the cost down is wrong. You have a hell of an elevator maintenance in a tower like this. Plus the cleaning of a building of this size etc. etc.
I accept that different factors may cause variance. More elevators are needed as a result of more apartments, so the cost of their maintenance is therefore shared by more people. You are quite wrong to suggest that more apartments should not bring the charges down. And in a supertall we're actually talking about 100s of apartments more. Maintenance charges are, on the whole, for the cleaning and running of communal areas, and security. There's still only 2 swimming pools, and they're no larger than usual so their maintenance would cost no more than that of pools in smaller towers. (Less apartments).
If Gyms are charged for on a membership basis then that should put charges down, not up. If Airconditioning is not included then that should also put the charges down, as one would be paying for it as it's used.
(Costs)/(Number of apartments) > (Costs)/(A larger number of apartments)
Denominator rising causes a reduction in the size of the fraction. :)
Sounds to me like you're endorsing high charges.
We will see what variables are included and what variebles are not included in the future, but one thing's for sure, people will not be happy with anything like the rates mentioned above.
I'm not going to get in to a debate about this with you so we'll just have to agree to disagree here. Nothing personal.
CAJ June 11th, 2010, 12:20 AM I accept that different factors may cause variance. More elevators are needed as a result of more apartments, so the cost of their maintenance is therefore shared by more people. You are quite wrong to suggest that more apartments should not bring the charges down. And in a supertall we're actually talking about 100s of apartments more. Maintenance charges are, on the whole, for the cleaning and running of communal areas, and security. There's still only 2 swimming pools, and they're no larger than usual so their maintenance would cost no more than that of pools in smaller towers. (Less apartments).
If Gyms are charged for on a membership basis then that should put charges down, not up. If Airconditioning is not included then that should also put the charges down, as one would be paying for it as it's used.
(Costs)/(Number of apartments) > (Costs)/(A larger number of apartments)
Denominator rising causes a reduction in the size of the fraction. :)
Sounds to me like you're endorsing high charges.
We will see what variables are included and what variebles are not included in the future, but one thing's for sure, people will not be happy with anything like the rates mentioned above.
I'm not going to get in to a debate about this with you so we'll just have to agree to disagree here. Nothing personal.
I agree, good speech
thetorch June 11th, 2010, 01:56 AM If there are 504 Appts and if the average is say 1200ftsq this would give the Management company an income of between 9,072,000AED and 13,910,400AED per annum This cannot be correct nor should we as owners stand for this
Can any one tell me what we get as owners, for our £325-£630 per month
Well .... there's the row of Porsches in Wilmslow's SP office car park for starters, they have to be maintained you know!!
Any other suggestions as to how our hard earned money will be dispersed?
The Torch
charlie big potatoes June 11th, 2010, 08:22 AM Porsches! Finally the recession has hit Wilmslow. Alderley Edge just wont be the same.
True Blue June 11th, 2010, 10:41 AM If there are 504 Appts and if the average is say 1200ftsq this would give the Management company an income of between 9,072,000AED and 13,910,400AED per annum This cannot be correct nor should we as owners stand for this
Can any one tell me what we get as owners, for our £325-£630 per month
Highly desirable brands don't come cheap. Cartier, Rolex, Porsche, Select:)
As the property manager they have the right to apply their fees to the maintenance charges. They obviously see this as an earner otherwise why did they buy into Yacht Bay and Royal Oceanic which were effectively complete when they took over the buildings.
Have Select declared their fee for managing The Point, RO or YB?
MANUTD June 11th, 2010, 02:03 PM Porsches! Finally the recession has hit Wilmslow. Alderley Edge just wont be the same.
Yea, real Championship level now --
Caribarra June 11th, 2010, 02:48 PM Hi all
Well it sound like RERA will be consulted before applying the charges and that has to be a good thing for us.
Can I ask for information concerning the addendum that people in the point had to sign, how did they rent out their property if this is seen as bad point by prospective tenants. Pay the quarterly payments up front????
Thanks for any/all information provided - M
charlie big potatoes June 11th, 2010, 06:43 PM Hi all
Well it sound like RERA will be consulted before applying the charges and that has to be a good thing for us.
Can I ask for information concerning the addendum that people in the point had to sign, how did they rent out their property if this is seen as bad point by prospective tenants. Pay the quarterly payments up front????
Thanks for any/all information provided - M
Its no good paying the quarterley payments up front. To have your say, you will need to settle the lpp own the thing outright if its the same as The Point. All a bit previous though as its not been announced yet. Let the shit hit the fan as and when.
thetorch June 11th, 2010, 10:32 PM Porsches! Finally the recession has hit Wilmslow. Alderley Edge just wont be the same.
There's the upgrades to Ferraris and Bentleys to consider.
scoobudubai June 12th, 2010, 02:00 AM I was told the beneficiery of Torch Select wants to be anonymous. That is why all communication is 'on behalf of' other parties.
Who told you?
Dubai_Steve June 12th, 2010, 06:37 PM ^^ Think it was someone at select UK. Can't quite remember now. Was many years ago now :)
Dubai-Sail June 13th, 2010, 04:42 AM ^^ Think it was someone at select UK. Can't quite remember now. Was many years ago now :)
We're in a situation where, (Outwith nice cars and all, and the jokes are pretty topical.) :)
The question here perhaps is, whom ever's been given the Management Contract, (@ whatever Dhms/Sqr m), needs to honour that stated in our contracts. If that won't be done, then we're in another 700/1 situation.
If there's a refusal on the part of the management company to quantify their reasoning/ justification/ (Skodas/Porches), on that question, then RERA are in on it. They have to be! And will be - It's one of the reasons same was born.
The Dubai's leaders' philsophy, amongst other encouragements, has always been about promoting international investment. I endorse and believe these people mean well for all. It's all about trust and honour - That's why it should work for the next person who decides to invest in the UAE. Trust.
scoobudubai June 14th, 2010, 02:06 PM We're in a situation where, (Outwith nice cars and all, and the jokes are pretty topical.) :)
The question here perhaps is, whom ever's been given the Management Contract, (@ whatever Dhms/Sqr m), needs to honour that stated in our contracts. If that won't be done, then we're in another 700/1 situation.
If there's a refusal on the part of the management company to quantify their reasoning/ justification/ (Skodas/Porches), on that question, then RERA are in on it. They have to be! And will be - It's one of the reasons same was born.
The Dubai's leaders' philsophy, amongst other encouragements, has always been about promoting international investment. I endorse and believe these people mean well for all. It's all about trust and honour - That's why it should work for the next person who decides to invest in the UAE. Trust.
Did someone claim there is no common ownership between select u.k. and selects dubai?
RedWayne28thfloor June 14th, 2010, 04:09 PM Did someone claim there is no common ownership between select u.k. and selects dubai?
Select UK state they are only the selling agent for Select Dubai and are not the same company
scoobudubai June 14th, 2010, 08:16 PM Select UK state they are only the selling agent for Select Dubai and are not the same company
Yes but what about common ownership...who might own both?
thetorch June 14th, 2010, 09:11 PM Select UK state they are only the selling agent for Select Dubai and are not the same company
^^
..... and pigs might fly.
I don't believe this, never have. Select in the UK are an integral part of the business, being SOLE agents to SP (I think) and the Directors are known to have interests in both operations (Mark and Giles for example), all be it hard to prove as such, just as it is hard to prove just exactly who SP are, where their registered office is, what there submitted financials are on previous years, who is on their Board of Directors and just exactly who owns that company??????
But then again, may be pigs do fly?
Anyway, just for laughs, I thought I would share an official email from Select Property, sent to me and my wife on 30th May 2007, which I just came across:
Dear xxxx and xxxx,
Further to our conversation on Tuesday 29th May 2007, I would like to confirm that the delays which have occurred between the start of the build and now do not fall within the definition of a force majeure.
With regards to your request regarding the payment penalties, as long as you have complied with your side of the agreement I can confirm that you will be entitled to penalty payments from 31st December 2008. Under clause 15.1 of your contract these payments are payable until the date when your property is certified complete.
The payments are calculated daily, each day that completion is late, at a rate of 1% above the London Interbank Offer Rate on any money you have paid towards the purchase price up to that point.
As the London Interbank Offer Rate is calculated on a daily basis, I have used today’s exchange rate as a guide to calculate your penalty payments, which works out as 206.61 Dirham’s per day.
If you have any further questions or queries or wish to discuss this further please do not hesitate to contact me and I shall be more than happy to speak with you,
Kindest regards
Joanne
Joanne Harding
Account Manager
Tel. 0870 111 8894
Dd. 0161 488 3914
Fax. 0870 444 1175
Email. joanne.harding@selectproperty.com
www.selectproperty.com
How things can change over time hey !!!
The Torch
scoobudubai June 14th, 2010, 11:05 PM ^^
..... and pigs might fly.
I don't believe this, never have. Select in the UK are an integral part of the business, being SOLE agents to SP (I think) and the Directors are known to have interests in both operations (Mark and Giles for example), all be it hard to prove as such, just as it is hard to prove just exactly who SP are, where their registered office is, what there submitted financials are on previous years, who is on their Board of Directors and just exactly who owns that company??????
But then again, may be pigs do fly?
Anyway, just for laughs, I thought I would share an official email from Select Property, sent to me and my wife on 30th May 2007, which I just came across:
Dear xxxx and xxxx,
Further to our conversation on Tuesday 29th May 2007, I would like to confirm that the delays which have occurred between the start of the build and now do not fall within the definition of a force majeure.
With regards to your request regarding the payment penalties, as long as you have complied with your side of the agreement I can confirm that you will be entitled to penalty payments from 31st December 2008. Under clause 15.1 of your contract these payments are payable until the date when your property is certified complete.
The payments are calculated daily, each day that completion is late, at a rate of 1% above the London Interbank Offer Rate on any money you have paid towards the purchase price up to that point.
As the London Interbank Offer Rate is calculated on a daily basis, I have used today’s exchange rate as a guide to calculate your penalty payments, which works out as 206.61 Dirham’s per day.
If you have any further questions or queries or wish to discuss this further please do not hesitate to contact me and I shall be more than happy to speak with you,
Kindest regards
Joanne
Joanne Harding
Account Manager
Tel. 0870 111 8894
Dd. 0161 488 3914
Fax. 0870 444 1175
Email. joanne.harding@selectproperty.com
www.selectproperty.com
How things can change over time hey !!!
The Torch
So Giles Beswick, Mark Stott, and there's that guy, Mark Littlewood?
Is there any way to research the beneficiaries of anonymous companies they have set up in Dubai such as Torch Select Ltd., e.g. does bribery work? !!
True Blue June 15th, 2010, 12:08 PM Sorry for spreading a bit of gossip but it does have a bit of substance to it. I was talking to someone a few days ago who has a property in The Torch. his contact in Dubai advised him not to come for the inspection as it is all a scam. Select picked August and September as this is the period of Ramadan and they can use it as an excuse to cancel if necessary. If they try and go ahead, who is going to walk around in a stifeling hot building with no access to drinking water!
If this is true, its a very synical tactic for Select to play.
mackie1964 June 15th, 2010, 12:30 PM You really do have a problem with Select :lol:
Surely, a great company with a fantastic track record for treating their customers well, would not do such a thing :dunno:
Stop spreading vicious rumors, you are just jealous :banana:
smshah June 15th, 2010, 01:17 PM actually mackie he is right! i had an appointment arranged for the 9th september , i asked for a rescheduling as the 9th september will be eid!! considering fasting starts on the 10th august , the 9th september will be eid, and everything has to shutdown for EID!
arfie June 15th, 2010, 01:47 PM Sorry for spreading a bit of gossip but it does have a bit of substance to it. I was talking to someone a few days ago who has a property in The Torch. his contact in Dubai advised him not to come for the inspection as it is all a scam. Select picked August and September as this is the period of Ramadan and they can use it as an excuse to cancel if necessary. If they try and go ahead, who is going to walk around in a stifeling hot building with no access to drinking water!
If this is true, its a very synical tactic for Select to play.
Agree Ramadan starting 10th August so working hrs will be very short and then September you will have holidays due to Eid too. I cant see how all inspections can be done in these 2 months.
Sid June 15th, 2010, 06:09 PM I tried booking around 10th Sept and was told it will be Eid holidays.
1st working day after hols will be 15th Sept.
Agree Ramadan starting 10th August so working hrs will be very short and then September you will have holidays due to Eid too. I cant see how all inspections can be done in these 2 months.
CAJ June 15th, 2010, 09:36 PM What happened to those great photo`s Imre solt used to post on this forum?
scoobudubai June 15th, 2010, 11:10 PM So guys, are you saying that Mark Stott, Giles Beswick and Mark Littlewood are effectively majority shareholders / directors / owners of Torch Select Limited / holding company?
RedWayne28thfloor June 15th, 2010, 11:28 PM So guys, are you saying that Mark Stott, Giles Beswick and Mark Littlewood are effectively majority shareholders / directors / owners of Torch Select Limited / holding company?
Does Dubai have an equivalent of Companies house where you could actually find out for sure?
MANUTD June 15th, 2010, 11:36 PM So guys, are you saying that Mark Stott, Giles Beswick and Mark Littlewood are effectively majority shareholders / directors / owners of Torch Select Limited / holding company?
Quite honestly I dont think anyone of you knows the reallity of the situation -- so I would suggest you ring up SP and ask rather than spreading Rumours
I have had issues with SP/SG but do get tired of some of the dribble on here - please come back IMRE we need you !!
jeetha June 16th, 2010, 04:04 PM Where is High Times?
The Torch is almost completed and he is............lost ??
.........Joined the wrong party?
.........sold Torch?
What ever, hope he is well. Come back and update that chart (you know which one I mean).
Dubai_Steve June 16th, 2010, 06:34 PM I am also worried about High Times, where is he?
Hope he is still alive? Please leave a message here HT.
RedWayne28thfloor June 16th, 2010, 07:02 PM Quite honestly I dont think anyone of you knows the reallity of the situation -- so I would suggest you ring up SP and ask rather than spreading Rumours
I have had issues with SP/SG but do get tired of some of the dribble on here - please come back IMRE we need you !!
Don't let the facts get in the way of a good story Man U.....:lol:
scoobudubai June 17th, 2010, 12:18 PM I am also worried about High Times, where is he?
Hope he is still alive? Please leave a message here HT.
High Times worked for Scoob.
There will be no more posts, as I have her working on a new project.
scoobudubai June 17th, 2010, 08:09 PM Does Dubai have an equivalent of Companies house where you could actually find out for sure?
Torch Select Ltd. was set up in the Jebel-Ali Ferrari Zone. As such it is clouded in anonymity, for tax / accountability reasons. Of course 'they' would not want anybody to know about common ownership. If you sue Dubai Select in the U.K. and win the amount awarded could be trivial, unless this common ownership is demonstrated.
Dubai_Steve June 18th, 2010, 02:00 PM ^^ Stop talking rubbish and just wait for completion, nearly there now.
http://i49.tinypic.com/2ir18vs.jpg
smshah June 18th, 2010, 03:48 PM ^^ The above picture where is the shot taken from????
mackie1964 June 18th, 2010, 03:58 PM ^^ The above picture where is the shot taken from????
Phase 1, Dubai Marina near the fountain and starbucks (to the right of the photo taker) :cheers:
scoobudubai June 18th, 2010, 11:05 PM ^^ The above picture where is the shot taken from????
taken from Abu Dhabi, the new Dubai
scoobudubai June 18th, 2010, 11:08 PM ^^ Stop talking rubbish and just wait for completion, nearly there now.
http://i49.tinypic.com/2ir18vs.jpg
that's a really great pic, when we were there last may, no atmosphere in that area but now obviously, romance blossoming. thanks, one of the best
(all lowercase, just to be cool..)
scoobudubai June 19th, 2010, 12:22 AM that's a really great pic, when we were there last may, no atmosphere in that area but now obviously, romance blossoming. thanks, one of the best
(all lowercase, just to be cool..)
Any chance of original full size?
smshah June 20th, 2010, 03:45 PM any news on torch construction, when will the top be fitted etc?
scoobudubai June 20th, 2010, 10:18 PM any news on torch construction, when will the top be fitted etc?
Everyone has goes into hiding whilst researching the ownership of Torch Select Ltd, with whom they have signed a contract. They have no idea who this is, they can only put faces on a U.K. company fronted by Mark Stott, Giles Beswick, and Mark Littlewood, all of whom undoubtedly claim they don't own Torch Select Ltd. :ohno:
High Times June 21st, 2010, 12:25 PM I am also worried about High Times, where is he?
Hope he is still alive? Please leave a message here HT.
Hi Steve, I'm still alive thanks.
I don’t post on here anymore after getting banned by one of the moderators for basically proving him to be wrong, unfair, and hypocritical in his actions. In a childish fit of frustration he threw his toys out of the pram and banned me. He then realised he had made a mistake and reinstated my membership before trying to justify his pathetic behaviour towards me in a PM.
I still read the forum but I am not offering any advice or information anymore as some people find it a threat to their self elevated status. Most of my calls on Dubai related issues have been spot on leaving the so called local property experts falling way short, only to change their opinions and fall in line after events have proved them wrong. In my proffessional life I get paid to be ahead of the curve and not to follow it.
"Hindsight is a luxury reserved for those who do not have the knowledge, courage and instincts to ride the wave of success"
The quality of the information/discussions on this forum have been lowered so much that most of the intelligent debate has all but ceased, and the forum is only really used by individuals who wish to promote their own projects for personal gain.
I have just visited the Torch and anyone who owns a unit in anything above floor 60, don’t expect to have a unit fit for habitation until at least March-May 2011. First 30 floors are basically ready for snagging, middle 30 will be by Nov/Dec.
Good luck to all.
scoobudubai June 21st, 2010, 02:27 PM Hi Steve, I'm still alive thanks.
I don’t post on here anymore after getting banned by one of the moderators for basically proving him to be wrong, unfair, and hypocritical in his actions. In a childish fit of frustration he threw his toys out of the pram and banned me. He then realised he had made a mistake and reinstated my membership before trying to justify his pathetic behaviour towards me in a PM.
I still read the forum but I am not offering any advice or information anymore as some people find it a threat to their self elevated status. Most of my calls on Dubai related issues have been spot on leaving the so called local property experts falling way short, only to change their opinions and fall in line after events have proved them wrong. In my proffessional life I get paid to be ahead of the curve and not to follow it.
"Hindsight is a luxury reserved for those who do not have the knowledge, courage and instincts to ride the wave of success"
The quality of the information/discussions on this forum have been lowered so much that most of the intelligent debate has all but ceased, and the forum is only really used by individuals who wish to promote their own projects for personal gain.
I have just visited the Torch and anyone who owns a unit in anything above floor 60, don’t expect to have a unit fit for habitation until at least March-May 2011. First 30 floors are basically ready for snagging, middle 30 will be by Nov/Dec.
Good luck to all.
Moderator...keep this person...there is too much dribble polluting the forum!
True Blue June 21st, 2010, 05:26 PM Good to see you back HT.
Interesting to read your report on Torch progress. Looks like the August/September snagging issue is just a PR exercise to stop the phone ringing constantly.
Given that I can't see Infinity being ready before July 2011 I was begining to think the race was gone but after your update looks like it's still on:banana:
minichori June 21st, 2010, 06:17 PM Please!! any update of the top!!
FWIW June 21st, 2010, 06:19 PM Hi Steve, I'm still alive thanks.
I don’t post on here anymore after getting banned by one of the moderators for basically proving him to be wrong, unfair, and hypocritical in his actions. In a childish fit of frustration he threw his toys out of the pram and banned me. He then realised he had made a mistake and reinstated my membership before trying to justify his pathetic behaviour towards me in a PM.
I still read the forum but I am not offering any advice or information anymore as some people find it a threat to their self elevated status. Most of my calls on Dubai related issues have been spot on leaving the so called local property experts falling way short, only to change their opinions and fall in line after events have proved them wrong. In my proffessional life I get paid to be ahead of the curve and not to follow it.
"Hindsight is a luxury reserved for those who do not have the knowledge, courage and instincts to ride the wave of success"
The quality of the information/discussions on this forum have been lowered so much that most of the intelligent debate has all but ceased, and the forum is only really used by individuals who wish to promote their own projects for personal gain.
I have just visited the Torch and anyone who owns a unit in anything above floor 60, don’t expect to have a unit fit for habitation until at least March-May 2011. First 30 floors are basically ready for snagging, middle 30 will be by Nov/Dec.
Good luck to all.
I am glad to see you are OK HT! I was worried I might never see my beer! :cheers:
Take care.
234sale June 21st, 2010, 08:00 PM Hi Steve, I'm still alive thanks.
I don’t post on here anymore after getting banned by one of the moderators for basically proving him to be wrong, unfair, and hypocritical in his actions. In a childish fit of frustration he threw his toys out of the pram and banned me. He then realised he had made a mistake and reinstated my membership before trying to justify his pathetic behaviour towards me in a PM.
Good luck to all.
The reason you where banned was for person insults to new members and aggressive remarks towards anyone who challenged your ultimate false wisdom.
You even tralled back through hundreds of posts to find any sniff of incompetence. You managed to find some remarks, pre=moderator, that I made about investment in U-Bora Towers, before I was elected to a moderator. Then tried to challenge me that I was cheating or a liar.
I actually informed all moderators that I was going to permanently ban you.. We banned you only on the basis of a wakeup call... Not one on moderator, Krazy. Malec or AltinD objected to your banning. In fact the remark was raised . why didn’t it happen sooner.
I personal decide to let you back,( against other moderators advice,) as I felt like I had removed some valid member of the community.
But looks like your showing your true colours.. Was only to be expected..........
*Note to users of this part of the forum. If I was wrong, please add your comments in this thread
Please use here.. http://www.skyscrapercity.com/showthread.php?t=415360&page=37
234sale June 21st, 2010, 08:25 PM Please!! any update of the top!!
http://gigapan.org/gigapans/52422/
^^ Took this yesterday..
If the crane is still on it, Its at least 6 months to completion.
minichori June 22nd, 2010, 12:33 AM http://gigapan.org/gigapans/52422/
^^ Took this yesterday..
If the crane is still on it, Its at least 6 months to completion.
Thanks 234sale :)
the cladding isn't very quickly...
Anjam June 22nd, 2010, 01:34 AM http://gigapan.org/gigapans/52422/
^^ Took this yesterday..
If the crane is still on it, Its at least 6 months to completion.
^^ I would be happy with 6 months. Thanks for the pic
Dubai_Steve June 22nd, 2010, 05:26 PM Welcome back HT!
Below is interesting. Look how much progress on Infinity compared with the Torch.
....just a little animation of tallest block progress between June 2009 and May 2010:
http://i900.photobucket.com/albums/ac210/PrincessTower/TallestBlockTimelaps.gif?t=1277079643
malec June 22nd, 2010, 09:25 PM Look at marina 101 :)
True Blue June 23rd, 2010, 11:49 AM ^^Not a bit of cladding or anything else though! They're cheating:bash:
Rider June 23rd, 2010, 12:15 PM It's been said before but the view of Infinity (once complete) from marina facing apartments will be stunning.
There is a similar concept in Malmo, Sweden which is much smaller and not as sexy but it still attracts a lot of attention.
http://lh4.ggpht.com/sanjaypmehta/SDP1Dm5yVuI/AAAAAAAAAWA/tW83tzaESF8/s400/005.JPG
234sale June 23rd, 2010, 12:25 PM http://i48.tinypic.com/34yz1jm.jpg
^^ Taken back on the 20th June
minichori June 23rd, 2010, 04:31 PM the top of 23 marina is going up!! :banana:
Tosh June 23rd, 2010, 07:45 PM If anybody is going to Dubai in the next week or two please pm me as I need a small favour done.
Thx
Morrismarina June 23rd, 2010, 08:41 PM If anybody is going to Dubai in the next week or two please pm me as I need a small favour done.
Thx
I've meet people like you before........I'm not falling for that old trick.........no I'm not taking your suitcase on the plane for you.
:lol:
scoobudubai June 23rd, 2010, 09:03 PM Welcome back HT!
Below is interesting. Look how much progress on Infinity compared with the Torch.
Thanks DS, that is really good. These certainly are high times!
scoobudubai June 24th, 2010, 02:14 AM http://i48.tinypic.com/34yz1jm.jpg
^^ Taken back on the 20th June
Really great shot 234sale! looking forward to another trip to see.
However we will not forget what we bought into, our sales rep was Adam Price now marketing director. There is a pic on http://www.thetorchdubai.com/ as designed by Khatib & Alami with permits granted (but DS changed design to cheaper resulting in 1 year plus delay) which does not compare with that building, also balcony plans as sent to potential buyers at that time are a nonsense now.
Just because the d/w s are taking 6 years to build, doesn't mean the memories fade, + intention to sue.
charlie big potatoes June 24th, 2010, 09:32 PM If anybody is going to Dubai in the next week or two please pm me as I need a small favour done.
Thx
Im going sunday. Dont involve carrying a bag of dosh tosh! pm me
barry mcbarry June 26th, 2010, 11:05 AM Where the f??k is Imre?
Without him this thing just degenerates into a gossip column.:lol::nuts:
barry mcbarry June 26th, 2010, 11:07 AM Anyone notice it's the Chelsea contingent keeping England in the world cup?
The northerners? Nowhere to be found. Useless. W
Morrismarina June 26th, 2010, 01:32 PM Anyone notice it's the Chelsea contingent keeping England in the world cup?
The northerners? Nowhere to be found. Useless. W
James Milner plays for The Villa. :banana:
Imre June 26th, 2010, 05:18 PM Where the f??k is Imre?
Without him this thing just degenerates into a gossip column.:lol::nuts:
I will post new pics when the weather is getting better but not a big difference since my latest pics.
I was driving around Dubai Marina and JLT today and only the Infinity Tower, Marina 101 and Ocean Heights (almost done) had good progress in the last month, everything is slow now , infrastructure , landscaping as well.
Poolview June 26th, 2010, 10:53 PM ^^^^Welcome back Imre you have been greatly missed:master::)
minichori June 26th, 2010, 11:05 PM IMREE!!!! The world miss you!! :)
mackie1964 June 27th, 2010, 07:22 PM Anyone notice it's the Chelsea contingent keeping England in the world cup?
The northerners? Nowhere to be found. Useless. W
Only Northerners? They are all overpaid, incompetent morons much like some people that sold me some apartment, some where around here :ohno: :cry: :cry:
I will post new pics when the weather is getting better but not a big difference since my latest pics.
I was driving around Dubai Marina and JLT today and only the Infinity Tower, Marina 101 and Ocean Heights (almost done) had good progress in the last month, everything is slow now , infrastructure , landscaping as well.
Up to the roof young man, armed with your Camera. A quick dive in the pool to cool down, a few shots of the tall block, another quick swim and down to download the photos. Job done :cheers:
Did you see that horror show this afternoon? :cry: :cry:
Imre June 27th, 2010, 07:48 PM Up to the roof young man, armed with your Camera. A quick dive in the pool to cool down, a few shots of the tall block, another quick swim and down to download the photos. Job done :cheers:
Did you see that horror show this afternoon? :cry: :cry:
I will do it tomorrow morning .
I saw the show, Germany was much better today :lol:
amplesou June 27th, 2010, 08:57 PM [QUOTE=mackie1964;59379521]Only Northerners? They are all overpaid, incompetent morons much like some people that sold me some apartment, some where around here :ohno: :cry: :cry:
you may be more right than you think !
i know that jamie carrager ( liverpool )was or is involved with off plan dubai properties also micheal owen with the first group dsc±!
:)
Imre June 28th, 2010, 07:11 AM 28/June/2010
The Torch
http://img205.imageshack.us/img205/7973/dubai6.jpg
http://img202.imageshack.us/img202/5409/dubai8.jpg
http://img689.imageshack.us/img689/9726/dubai15.jpg
http://img63.imageshack.us/img63/3871/dubai18.jpg
http://img27.imageshack.us/img27/8136/dubai19z.jpg
http://img443.imageshack.us/img443/3764/dubai63.jpg
http://img697.imageshack.us/img697/3153/dubai48.jpg
mackie1964 June 28th, 2010, 12:52 PM Thank you Sir, you are too kind as usual :cheers:
barry mcbarry June 28th, 2010, 01:04 PM Brilliant. Thank you sir.
Flintbug June 29th, 2010, 05:49 AM They don't appear to be waterproofing the brickwork prior to fixing the cladding. Won't this cause problems with condensation?
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