#COMPLETED: THE TORCH, 84F Res, 338m [Archive] - Page 59

hawki

April 29th, 2011, 10:00 AM

http://www.khaleejtimes.com/DisplayArticle09.asp?xfile=data/theuae/2011/April/theuae_April829.xml&section=theuae

Dubai’s new world record, ‘The Torch’ Issac John

29 April 2011, 7:09 AM

Dubai’s growing list of world records gets a dazzling new addition — the world’s tallest residential tower, ‘The Torch.’
DUBAI - Dubai’s growing list of world records, including the tallest tower and the largest man-made island on this planet, gets a dazzling new addition — the world’s tallest residential tower, ‘The Torch.’

The 86-storey tower stands tall at 348 metres at Dubai Marina, 25 metres higher than Q1 Tower of Gold Coast in Australia, the previous holder of this distinction.

Rahail Aslam, chief executive officer of Select Group, the developer of the Dh665 million project, said The Torch, “a defining landmark” of Dubai Marina skyline, is a tribute to Dubai. “The Torch is our tribute to this cosmopolitan city, which despite the downturn in the real estate sector and fluctuations in the economy, has shown resilience to weather the extreme economic downturn,” he said.

Ready for handover in May 2011, this free-hold property features 676 apartments, of which 90 per cent had been sold at prices ranging from Dh800 toDh1,000 per square foot, Aslam told Khaleej Times.

“Such an overwhelming demand at a time of downturn is for two reasons,” he argues. “Prime location and sensible prices that are resilient even in today’s market.”

The Torch is the fourth residential project of Select Group, which is also on track to hand over three other projects in 2011, adding 2,000 new residential units this year alone.

“Since our projects are on time as we carefully manage our cash flow, buyers are happy. We have faced only a small number of payment defaults,” said Aslam.

“The Torch offers stunning views across the Jumeirah beachfront, is a sold-out property and a testimony to Select Group’s continuing commitment to Dubai and the potential of its property sector as it gradually emerges from the shadows of the impact of the global financial crisis,” said Aslam.

He said the Torch is a purely 100 per cent residential tower unlike many mixed-use high-rise developments vying for the tallest title. A thumb rule followed by global institutions is that a building should at least have 90 per cent residential use to qualify for the tallest residential tower title.

Project on time!!!
Buyers Happy !!!!!!!!!!

What !!!!!!! If you were standing looking at a blackboard next to these people theyd swear it was white !!!!!- not on the same planet as the rest of us, id never do business again with these liars and cheats ever again , Select you are BOTH a disgrace

ramzy

April 29th, 2011, 11:03 AM

Imre

April 29th, 2011, 12:28 PM

Thanks Imre for your pictures

It seems the top of the Torch ain't finished yet and they are waiting for more panels of gradual increase in size to complete the led swirl affect. Or am I just seeing things.

Welcome, article in the today Gulfnews as well:

World's tallest residential tower set to welcome occupants soon

The Torch in Dubai Marina overtakes Q1 Tower in Australia

http://gulfnews.com/polopoly_fs/the-torch-in-dubai-marina-1.800566!image/3630715277.jpg_gen/derivatives/box_475/3630715277.jpg

Dubai: Dubai's property market has had its share of tall claims from developers, with many of them never making it beyond the drawing board. But this developer has certainly delivered on its promise.

At 348 metres and 86 floors, The Torch in Dubai Marina has won formal recognition as the world's tallest residential tower, surpassing the earlier claimant, the Q1 Tower in Australia's Gold Coast (323 metres).

To lay claim to the title, The Torch met the requirement set by the likes of Emporis Standards Committee and the Council on Tall Building and Urban Habitat, in that a building should at least have 90 per cent residential use to qualify.

The Torch's newfound status sits well with what Dubai and its towers have achieved in the recent past, most notably by the Burj Khalifa's 828 metres. In fact, Dubai has got strong representation in the Emporis Standards Committee's list of the world's tallest residential towers.

The Torch, a development by UK-based Select Group, is set to take in its first residents next month. While chuffed at the new accolade, the developer is also sitting pretty as more than 80 per cent of the 676 apartment units have buyers.

The units carry a price tag of Dh1,000 a square foot and up. So what made investors hold on in a soft market?

Prime location

"The prime location and design was the key offering, in addition to us offering lengthy payment plans beyond the completion dates," said Rahail Eslam, CEO. "If we look at Torch prices when we originally sold, they are still resilient in today's market.

"The properties were sold at reasonable levels and we had active construction throughout the tough economic period. All of these taken together certainly contributed in retaining the majority of the investors."

According to a spokesperson at Better Homes' Dubai Marina office, quality builds have been able to hold their market value, currently averaging around Dh1,100-Dh1,200 a square foot, "while poorly constructed properties are having a harder time matching market rates".

The investments were substantial at Dh665 million. "The group has invested substantial equity to complete our projects," said Eslam.

http://gulfnews.com/business/property/uae/world-s-tallest-residential-tower-set-to-welcome-occupants-soon-1.800497

rags

April 29th, 2011, 08:47 PM

The Apt owners in Torch must write to Khaleej Times asap to put the record straight and call Select's shameless spin for what it is.

Imre

April 30th, 2011, 07:30 AM

Dubai’s new world record - The Torch

The 86-storey tower at Dubai Marina is 348m tall and 25m higher than Q1 Tower of Gold Coast in Australia, the previous record holder

By StaffPublished Saturday, April 30, 2011

Dubai has yet another world record in its name - the world’s tallest residential tower - ‘The Torch'.

Acording to a report in Khaleej Times, the 86-storey tower at Dubai Marina is 348 metres tall and 25 metres higher than Q1 Tower of Gold Coast in Australia, the previous holder of this distinction.

The tower is ready for handover next month. It comprises 676 apartments, of which 90 per cent has been sold at prices ranging from Dh800 to Dh1,000 per square foot.

http://www.emirates247.com/news/emirates/dubai-s-new-world-record-the-torch-2011-04-30-1.386972

PrincessTower

April 30th, 2011, 07:55 AM

There has been an army of workers brushing up the podium. Sunbeds have been put out.

True Blue

April 30th, 2011, 04:11 PM

So the reports are suggesting the building is around 80% sold. At one time it was completely sold out so I guess these 20% must be repossessions.

Probably explains why the service charges are so high, Select will not be paying their share for the unsold stock. Instead they will lump it onto everyone else to pay. Or am I just being synical.

noir-dresses

April 30th, 2011, 05:01 PM

GoDubai!

April 30th, 2011, 05:21 PM

Business news articles, whether on property, consumer goods, cars, etc., always read like this in the UAE press. There is no difference between a news article and a press release. Most of us here for many years, have seen this sort of drivel so much that we start to forget that it is fiction rather than fact.

Project on time!!!
Buyers Happy !!!!!!!!!!

What !!!!!!! If you were standing looking at a blackboard next to these people theyd swear it was white !!!!!- not on the same planet as the rest of us, id never do business again with these liars and cheats ever again , Select you are BOTH a disgrace

Dubai_Steve

April 30th, 2011, 06:08 PM

so we can expect handover maybe by end of may to mid June?

Handovers start May 1st. First two weeks are already booked up.

Dubai_Steve

April 30th, 2011, 06:10 PM

Imre

April 30th, 2011, 06:16 PM

Handovers start May 1st. First two weeks are already booked up.

So the first tenants moving tomorrow:)

:cheers:

PrincessTower

April 30th, 2011, 06:40 PM

30-apr
http://i900.photobucket.com/albums/ac210/PrincessTower/z2.jpg

Mistermark

April 30th, 2011, 07:17 PM

bizzybonita

April 30th, 2011, 11:01 PM

So the first tenants moving tomorrow:)

:cheers:

I'm just waiting the green light to move this thread to completed section ...

:lol:

Rider

May 1st, 2011, 06:58 AM

We had a very similar situation in our building.

Our developer left about seventy units for them selves thinking they would sell for a lot more money once the building was completed.

When the new OA was formed, they found out that the developer was not paying their share of the maintenance charges, and made them pay up a years worth of fees on each unit.

The worst part was when the developer was managing our building the first year they were very strict with all the investors, but in the end the OA uncovered their double standard towards them selves.

Would be interesting to know what happened at the Point - I can't quite recall if it was sold out at the time of handover.

The accounts of Torch Select Ltd should be subject to audit so between that and the OA having access to the relevant information we should be able to determine whether or not the service charges have been levied fairly.

RERA should not allow such Conflict of interest to take place when a developer assumes control of a building after handover.

Imre

May 1st, 2011, 08:50 AM

01/May/2011

The Torch

http://i53.tinypic.com/jrr1qt.jpg

http://i52.tinypic.com/t8ki0i.jpg

http://i52.tinypic.com/9a0ncx.jpg

http://i51.tinypic.com/2gw6q2t.jpg

http://i54.tinypic.com/2ahxoac.jpg

http://i55.tinypic.com/2cdwwav.jpg

Impy

May 1st, 2011, 08:27 PM

Buyers protest against tower clause
Kevin Brass

Buyers in the world's tallest residential tower are organising protests against what they claim are unfair practices by the developer.

Select Group is starting to hand over apartments this month in the Torch, the 343-metre tower in Dubai Marina. The Dh665 million (US$181m) tower will surpass the Q1 tower on the Gold Coast of Australia, currently the world's tallest residential tower at 323 metres.

But some buyers on a long-term payment plan in the Dubai project are refusing to sign an addendum to their contracts, which the developer is requiring before they will get their keys.

The new clause requires the buyers to pay thousands of dirhams in service fees upfront, in addition to giving the developer their voting rights on the homeowners' association.

"We're pretty much being held to ransom," said a buyer, who asked not to be identified. "It's a complete nightmare."

However, the developer said the change is a standard procedure and most buyers were moving ahead with their purchase plans. The long-term payment plan gave buyers 15 years to pay for their apartments.

"We are making sure there is legal protection in case of default by the buyer," said Rahail Aslam, the chief executive of Select. "We are at risk if they occupy the apartment and there is no remedy for non-payment."

The addendum also gives the developer the right to sell the contracts for their remaining instalments to a third party.

About 275 of the buyers in the project used the long-term plan, Mr Aslam said. Buyers on the plan had the option of paying the full purchase price at handover, he said.

UK investors have organised a meeting for Monday in London.

"What we're fighting is, how can they change the original contracts?" said the buyer.

About 90 per cent of the 676 apartments in the Torch have been sold, mainly to European and Middle East buyers between 2006 and 2008 at the height of the Dubai property boom, Mr Aslam said.

Buyers typically paid between Dh720,000 and Dh1.7 million for apartments ranging from 900 square feet to 1,700 sq ft, Mr Aslam said.

The Torch's claim to the tallest residential tower designation may be short lived. The Princess Tower, also in Dubai Marina, has already topped out at 414 metres. Originally scheduled to finish this year, the Princess Tower is now scheduled for handover in January, a company spokesman said.

Both the Torch and Princess Tower will be passed by another Dubai Marina tower under construction, the Pentominium, which is planned to reach 516 metres. The Pentominium is at least a year from finished.

Including the Torch, Dubai is already home to six of the 10 tallest residential buildings in the world, according to the Council on Tall Buildings and Urban Habitat.

Burj Khalifa, the world's tallest building at 828 metres, includes apartments but it is not considered residential. To be included on the council's list, a tower must be at least 90 per cent residential.

kbrass@thenational.ae

Would be interesting to know what happened at the Point - I can't quite recall if it was sold out at the time of handover.

The accounts of Torch Select Ltd should be subject to audit so between that and the OA having access to the relevant information we should be able to determine whether or not the service charges have been levied fairly.

RERA should not allow such Conflict of interest to take place when a developer assumes control of a building after handover.

Dubai_Steve

May 2nd, 2011, 02:29 AM

Did any handovers take place yet or is the roof feature not being complete preventing handover?

Dubai bound

May 2nd, 2011, 07:42 AM

Steve thought you said that handovers were booked solid for first 2 weeks, So have Select not told you that any happened yesterday then, or did you just make that up or do they keep you informed ?

Joannides

May 2nd, 2011, 08:53 AM

Steve thought you said that handovers were booked solid for first 2 weeks, So have Select not told you that any happened yesterday then, or did you just make that up or do they keep you informed ?

The building is yet to recieve the necessary paperwork from Dubai Municipality, so while people can get keys, they cannot occupy the apartment, walk around unnacompanied or move in for a couple of weeks.

True Blue

May 2nd, 2011, 09:57 AM

This is the crazy thing about residential projects. If the contractor has not received the paperwork making the building fit for occupation then he remains liable for everything on the site as the project remains in his possession. The contractor is responsible for all the utilities, damage, insurance against all risks and health and safety.

The minute 1 person takes possession of their unit, the contractor is releived of all responsibility. There is a work around for this problem where the developer can take partial possession or issue completion with exceptions. The difficulty remains with who is responsible if the building burns down due to the contractor carrying out hot work etc.

The best policy is not to be too keen to accept a partially finished building. Every day the contractor carries the baby is an incentive for him to get it finished pronto.

True Blue

May 2nd, 2011, 10:01 AM

BTW, reading some of the info suggests that a final inspection is due near the middle of the month. They must be confident that it will pass, if it doesn't it could be another month before they will reinspect.

Dubai bound

May 2nd, 2011, 10:38 AM

Its not even 100% finished, so no way any certificate will be handed over untill that is done and only then if it passes! and who knows if that be the case, so people who have signed for handover, are going to start paying from 1st May for something they cannot even use!

Rider

May 2nd, 2011, 10:58 AM

Dubai bound

May 2nd, 2011, 11:03 AM

Joannides

May 2nd, 2011, 11:21 AM

handovers

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

Is it true that all handovers have been cancelled for the time being, due to all certificates not being in place ?

if so naughty naughty select trying to get more money in before even having all relevant paperwork in order

Seems RERA do have some authority in this

The handovers aren't cancelled, just don't expect to get your apartment once the 'handover' is complete.

Its been confirmed verbally that the service charge and warranty will start on the day the certificate is issued.

On a brighter note, I snagged my apartment and everything seems to be in order with all of my main concerns being rectified.

Dubai bound

May 2nd, 2011, 11:27 AM

So no point doing handover then if you cant have apartment, surely this is just a ploy to get funds into Select account, they would have known this before they sent out completion notices.

What date did they tell you to expect to be able to use your apartment ?

Joannides

May 2nd, 2011, 11:32 AM

Around 15th May.

Dubai bound

May 2nd, 2011, 11:38 AM

15th May but only if it passes inspections!

I have just been told that all handovers now have been cancelled because they have been informed that they can't allow any more until paperwork in place, but for PR purposes they are saying that all appointments are fully booked until 15th May

The early ones that took place should not have happened, seems as always conflicting information from Select, perhaps one day they will let its Investors know what is happening>

ramzy

May 2nd, 2011, 01:49 PM

The handovers aren't cancelled, just don't expect to get your apartment once the 'handover' is complete.

Its been confirmed verbally that the service charge and warranty will start on the day the certificate is issued.

On a brighter note, I snagged my apartment and everything seems to be in order with all of my main concerns being rectified.

Did you manage to test water and electricity running ok?

mskhan

May 2nd, 2011, 01:51 PM

Verbally confirmation received this morning that my handover will be 16th May as requested. Also informed that No Objection Letter not required any more for opening the DEWA account, so went down to DEWA office. Guess what, they would not open an account in my name. The issue being that the current account is in the name of Rahail Aslam (AED 91.65 outstanding, which I guess I will end up paying) and the Sale & Purchase agreement is with Torch Select Limited. I have reported this to Torch Select Limited and I have been assured that they would rectify this situation with DEWA ASAP. I am now waiting for a call from Torch Select Limited to confirm that the issue has been sorted. Will update when I have more information.

MANUTD

May 2nd, 2011, 02:45 PM

DennyCrane

May 2nd, 2011, 07:34 PM

http://www.skyscrapercity.com/showpost.php?p=77064653&postcount=659

Dubai_Steve

May 2nd, 2011, 07:47 PM

On a brighter note, I snagged my apartment and everything seems to be in order with all of my main concerns being rectified.

That is good news, so they have fixed the reported snags then in the apartments this time round. A lesson learnt from the Point handover fiasco.

Did you get any photos of the communal areas, pool, gym, steam rooms etc.

Dubai_Steve

May 2nd, 2011, 07:50 PM

Steve thought you said that handovers were booked solid for first 2 weeks, So have Select not told you that any happened yesterday then, or did you just make that up or do they keep you informed ?

I was told that 1st 2 weeks are booked up but now it is clear that this was a lie because they are behind with the final certificate which is expected on the 15th.

mackie1964

May 2nd, 2011, 07:58 PM

Any chance of a good shot of the pool PT (Princess Tower)? Cheers

I finally got the handover documentations this weekend and it only arrived in the UK a few days ago according to the posting stamps / tracking codes ....etc. The letter is dated 31st March which is obviously an attempt at another fiddle by the crooked developer in my opinion.

I will now challenge every one of those costs and of course not sign any addendums. :cheers:

Dubai bound

May 2nd, 2011, 08:55 PM

yes and they are being over confident that they will get it first time around on the 15th, which is no foregone conclusion

PrincessTower

May 2nd, 2011, 09:39 PM

Any chance of a good shot of the pool PT (Princess Tower)? Cheers

What do you mean by good shot?

The pool hasn't changed since the last pic I posted under #14514 a few days ago. The podium has been tidied up since, and sunbeds where added on the other side.

mackie1964

May 2nd, 2011, 09:53 PM

Sorry Pal, I thought it was all furnished and ready for use now. Thanks for your quick reply, you are a super star :cheers:

PrincessTower

May 2nd, 2011, 09:56 PM

....2345678910sale took this a few days ago from MAG218, which has a better viewing angle towards the king pin. I would guess this is pretty much ready for use. Water is getting quite warm though the last few days.

http://i51.tinypic.com/fa9ede.jpg

...I wonder if the chief designer is a bowler. not only the shape of the pools suggest it, but also those huge polished stone balls alongside.

PrincessTower

May 3rd, 2011, 12:15 PM

The "P" they had mounted on the mechanical floor halfway up on the side is gone. So it must have been a mockup to evalute the look.

Now either it will be gone completely, or they've placed an order for T-H-E T-O-R-C-H and are waiting for the real thing to be delivered. Hopefully the latter!

True Blue

May 3rd, 2011, 12:46 PM

True Blue

May 3rd, 2011, 12:47 PM

Dont take HANDOVER unless you see GOVT COMPLETION CERTICATE - SG CANNOT charge you for services BEFORE the date this is issued and you are NOT obliged to pay any outstanding monies before OFFICIAL COMPLETION CERTIFCATE is issued

PLEASE CHECKOUT SELECT THREAD FOR THIS TYPE OF DISCUSSION THOUGH

Can't fullfill your request because your in box is filled full.:)

Imre

May 3rd, 2011, 05:30 PM

Done:)

03/May/2011

The Torch

http://i56.tinypic.com/2j3ih4x.jpg

http://i56.tinypic.com/1znamwz.jpg

http://i55.tinypic.com/ohqvls.jpg

http://i54.tinypic.com/wasokk.jpg

http://i51.tinypic.com/547wow.jpg

noir-dresses

May 3rd, 2011, 06:35 PM

I would like to be the first person to congratulate every one in The Torch since the roof, and spire look complete now.

Good luck with the paper work. Your long wait, and light at the end of the tunnel is finally here.

Enjoy. :)

Dubai_Steve

May 3rd, 2011, 06:47 PM

Wow looks nice (apart from the missing panel) :)

Can't wait to see it lit up! Guess we are also waiting for the Torch sign or T-H-E T-O-R-C-H lights.

disappointed

May 3rd, 2011, 07:04 PM

I have an apartment in 69 floor and want to rent out as quickly as possible. appreciate if anyone can give me any advice on who / how can I find a tenant.
is there any websites that I can even registered it? Which rental broker is good and works quickly?

is grateful for any information.

GoDubai!

May 3rd, 2011, 07:14 PM

Nice shots, Imre. That wedding cake look is nice and its somewhat asymmetrical--also nice.

Dubai_Steve

May 3rd, 2011, 07:33 PM

Quite a lot of apartments already posted for rent in the World tallest residential building on Dubizzle. Some photos there to see.

http://i56.tinypic.com/312th91.jpg

http://i56.tinypic.com/1zyu7o7.jpg

True Blue

May 3rd, 2011, 09:57 PM

Yes, congratulations everyone who made it to the finish line. Who would ever believed that this would not handover until mid 2011;)

Now you can all stop worrying about construction issues and move to the next problem of tenants from hell:lol:

micmonro1

May 4th, 2011, 01:38 AM

RERA reply to charges
To all the Torch owners who may still be uncertain about RERA's position with regard to service charge, the CEO has made it absolutely clear that WE MUST NOT PAY UNTIL THE APPROVAL CERTIFICATE IS SIGNED OFF BY RERA.
Please read it carefully before paying anything.

"Thanks for your contact. I went through your email and I would like to explain the following:
1- as govt official I always make sure that myself or my team answer any inquires by investors but sometime investors they are looking for answer that we don't have or they don't want to accept our answer to them specially when it comes to jurisdiction that out of our scope, so if any investor tell you the opposite let him show you the evidence that we didn't answer him , and by the way all information required by investors can be found in our web site www.rpdubai.com and its updated regularly.
2- regarding the project you mentioned any fees that the developer want you to pay you should ask him for the approval document issued by us. If he can't provide you with the document then don't pay him. We always give developer approval in written format.
3- Developer can't cancel any contract without following the process of land dept and you as owner will be contacted by the developer and the land dept legal section for any cancellation process. So don't assume that R.E rights are not protected in Dubai. We have more that 130 nationality invested in Dubai and they are happy with their investment and enjoying living in Dubai and I hope you will be one of them soon.
3- we at RERA can assist you with any issue that developer forcing you to do that against the law. The only thing we can't involve in is a contractual agreement sign between two parties. If there any issue of such matter the court will be the place to solve it not the regulator.
So as concluding to my email myself and the team will always be their to assist with our capacity and jurisdiction and if developer ask you to pay anything always ask him for RERA written approval. I'm cc this email to land dept legal section if you have any clarification you can contact them .
Wish you all the best and please if any investor tell you that RERA don't answer email tell them the CEO of RERA answered me in his day OFF.
Best Regards,,,
" The future belongs to those who believe in the beauty of their dreams" E. Roosevelt

Eng. Marwan Bin Ghulaita
CEO
RERA
+97142030333"

micmonro1

May 4th, 2011, 01:42 AM

Urgent.....I have just came across this article and I hope it help those who are not sure
Please please read it.....

"Restrictions on service charges"

Rera curtails developers' freedom to charge home owners, sets time for registration

By Manoj Nair, Associate Editor
Published: 00:00 September 24, 2010
Gulf News

0Share

Illustration

Image Credit: Illustration: Seyyed De La Llata/©Gulf News

The space to manoeuvre that local developers had until now in imposing their will on service charges has been severely curtailed with the issuing of a circular earlier this month. From another perspective, the circular also lays down the marker for homeowners to take charge of their properties and the immediate environment around it as per the Strata Law.

The most striking aspect of the circular — issued by the Real Estate Regulatory Agency (Rera) — sets out in bold terms that no developer can from now on collect service charges unless his project — and all units within — are duly registered with the Land Department. More pertinently, they have to ensure homeowners come together for the first general assembly, create an association, and then get it registered with Rera.

The registrations are to be completed before October 13. The initial Strata Law notification imposing this deadline was issued in June.

Greater transparency

"All of these steps were previously not required before developers could collect service charges. Rera's new requirements are a clear sign that the regulator is trying to force developers to comply," said Dean Cheesley, senior legal consultant at DLA Piper, the law firm. "And in the long term, the Strata Law won't work unless developers comply with their obligations today."

With the owners associations taking control, they have the right to appoint the facilities management company for their development, set the service charges and, in general, work towards the upkeep of their properties and surroundings. These had all been bones of contention between homeowners and developers in the past.

Now that homeowners can have greater control, "Both Rera and owners will be pressuring for facilities management and strata companies not owned by developers because owners want to see greater transparency in the service charges and its components," said Porush Jhunjhunwala, who heads commercial at Better Homes.

He believes that service charges in Dubai are "very high" compared to those charged for similar developments in more mature property markets.

In one stroke, Rera has through the circular set itself up to be the trusted adjudicator on all issues related to service charges. At various points in the past, there have been stray criticisms among some homeowners that developers have been favoured in disputes.

What the circular also emphasises is Rera's approval is necessary in finalizing the annual service charges on a development. On whether there could other legal recourses available for those who may not agree with Rera's verdict, Cheesley said: "It's conceivable that someone could attempt to take this somewhere else, for instance, the Dubai Real Estate Court.

Aggrieved person

"Of course, any aggrieved person can do what they like when it comes to commencing legal action. But on this particular point, I believe their prospects of success would be slim. Rera's rulings on service charges will be binding."

In due course, Cheesley sees the possibility of a specialist tribunal come into being to handle all strata law relates disputes, which would be similar to what's there in mature real estate jurisdictions.

But that's to the future. The present requires that homeowners and their associations will take on the responsibilities that are enshrined in the Strata Law. "The Law is in intended to be quite consumer-friendly," said Cheesley. "But the issue is getting to that point where owners associations are in full control.

"A beginning can be made by ensuring that developers go to Rera and comply with their registration obligations. When owners associations are finally formed, resolutions may be passed through a 51 per cent majority [of all registered homeowners in attendance]. At that point, decisions may be taken to marginalise the developer's role in the ongoing management of the development.

"There will be teething problems before the market gets to that point, and I foresee further circulars from Rera may be necessary to resolve these."

In master-developments, the sub-developer is obliged to get his own project registered, while the master-developer has to do the same with the wider development. "It does make it difficult for the sub-developer if the master-developer has not done his part. With the deadline, all developers are forced to act."

For homeowners, the sense of empowerment the Strata Law brings with it is palpable. The coming months will see how well they have adapted to having that power vested with them.

Deadline: scramble to comply

With the October 13 deadline for the registration of homeowner associations with the Real Estate Regulatory Agency, a scramble is on among developers to do so. But whether all of them will be able to do so before the deadline is still in doubt.

Market-watchers are hopeful there will be an extension. Dean Cheesley of DLA Piper echoes this sentiment: "There are a lot of projects and owners associations that require registration by 13 October, and it's conceivable that an extension might take place."

Order: major points

The September 5 circular from Real Estate Regulatory Agency states:

All unit owners must pay the Rera-approved service charges and the developer must pay the service charge for any unsold units.
In respect of any existing projects where the owners association has not been formed, the developer shall determine the service charge in accordance with the procedures outlined in the Land Department Direction and Rera, and submit same to Rera for approval, on the condition that the developer submits to Rera an audit report prepared by an approved auditor in respect of all money collected on behalf of service charges.....

Dubai_Steve

May 4th, 2011, 03:40 AM

http://i53.tinypic.com/5br335.jpg

PrincessTower

May 4th, 2011, 08:16 AM

The Anti Collision Light on top of the spire is red and flashes in a very compfortable manner. So thank you SELECT, the surrounding tall building residents will highlighly appreciate!!

ramzy

May 4th, 2011, 08:27 AM

MANUTD

May 4th, 2011, 09:03 AM

Can the CEO assist us in getting registrar of owners in order to form our own OA, ie Mr Marwan contacts SG for a list of owners in order to allow us to form a general assembly. This is the only route I see if SG won't comply with us individual investors. Thoughts?

Good Idea - one lady I know has very good contact with him I am sure we can get this ?

Anjam

May 4th, 2011, 12:10 PM

Can the CEO assist us in getting registrar of owners in order to form our own OA, ie Mr Marwan contacts SG for a list of owners in order to allow us to form a general assembly. This is the only route I see if SG won't comply with us individual investors. Thoughts?

As all properties are already or soon to be registered to the owners I don't see why this info shouldn't already be within the RERA databases.

Dubai_Steve

May 4th, 2011, 01:50 PM

http://i52.tinypic.com/2hckad3.jpg

http://i56.tinypic.com/2igfxpf.jpg

Amazing marina view from the gym.

torchowner

May 4th, 2011, 03:05 PM

Good Idea - one lady I know has very good contact with him I am sure we can get this ?

So why did you not use the lady to obtain a list of Owners for the use of The Point IOAB and thus help them in their task.:ohno:

Dubai_Steve

May 4th, 2011, 03:07 PM

Anjam

May 4th, 2011, 03:11 PM

Amazing marina view from the gym.

Steve, are these "Official" pics or from an owner.

You will probably tell me you found them on Flickr................

bizzybonita

May 4th, 2011, 03:38 PM

DONE!

Imre

May 4th, 2011, 03:56 PM

DONE!

:cheers:

Dubai_Steve

May 4th, 2011, 04:05 PM

Steve, are these "Official" pics or from an owner.

You will probably tell me you found them on Flickr................

Found them on real estate brokers websites who are offering the units for rent.
So some units have been handed over.

Anjam

May 4th, 2011, 04:15 PM

Found them on real estate brokers websites who are offering the units for rent.
So some units have been handed over.

I am not sure if they are handed over or they just have the keys with no access like Joannides.

Some brokers were marketing Torch apartments months ago.

Dubai_Steve

May 4th, 2011, 04:16 PM

Probably like Joannides, owner must have taken photos when showed around and collecting keys.
I am confident that certificate will be in place by the 15th but we shall see.

Anjam

May 4th, 2011, 04:34 PM

Agreed. Getting the cert is probably the one thing the developer will be efficient at.

Gorilla

May 4th, 2011, 06:11 PM

Completion end 2007. Emaar building in front of the Tower has planning for 12 storeys eventually.

Best Sea Views will be at the back of the building obviously higher up.

www.dubaiselect.co.uk

:ohno:

Dubai_Steve

May 4th, 2011, 06:20 PM

:lol: every statement was incorrect there!

MANUTD

May 5th, 2011, 01:00 AM

So why did you not use the lady to obtain a list of Owners for the use of The Point IOAB and thus help them in their task.:ohno:

FYI --Didn't know her then and was less than knowledgable on the dodgy dealings of SG at that time :)

Don't really know if they have a list to this day to be honest either ? But seeing as i am on LTPP there and signed the Addendum i am not allowed to get involved in IOA -- Good enough answer ?

True Blue

May 5th, 2011, 10:15 AM

Well the poor old Torch has now been moved to the recycle bin along with the rest of us:lol:

Here is a classic post I stumbled on, I will remember not to take investment advice from this guy;)

Your comfort blanket is that there is a 99% chance that your Torch property will be worth double the value on completion :)

Sorry Steve, seems you were 99% wrong:runaway:

DennyCrane

May 5th, 2011, 10:25 AM

:ohno:

Originally Posted by paultaylorworld
Completion end 2007. Emaar building in front of the Tower has planning for 12 storeys eventually.

Best Sea Views will be at the back of the building obviously higher up.

www.dubaiselect.co.uk

Oh look, it's our old friend and developer dubaiselect again. Now I wonder where they dissapeared to after everybody bought their units........:ohno:

Dubai_Steve

May 5th, 2011, 11:29 AM

Well the poor old Torch has now been moved to the recycle bin along with the rest of us:lol:

Here is a classic post I stumbled on, I will remember not to take investment advice from this guy;)

Sorry Steve, seems you were 99% wrong:runaway:

:lol: Well the 1% must have been the crash that no one predicted, plus the combination of a 3 year delay by Select of course :bash:

Anjam

May 5th, 2011, 11:34 AM

Steve, did you get the email from Exclusive this morning with the pictures? They were showing tenants round. Has the certificate issues been resolved?

FWIW

May 5th, 2011, 11:52 AM

:lol: Well the 1% must have been the crash that no one predicted, plus the combination of a 3 year delay by Select of course :bash:

3 year delay? I make it 4 years.

The Torch
Launched May 2005, Completed May 2011 - 6 years
Originally planned for handover in Dec 2007
Torch went Force Majeure in Feb 2009

I am glad that torch investors have finally got their investments. If I take the above and apply it to Bay Central, then

Bay Central
Launched Oct 2006, yet to be completed (looks like adding 6 years to this is the way to go especially as hotel tower is just starting)
Originally planned for handover in Dec 2009
Bay Central went Force Majeure in Nov 2010

The Point folks got off lightly - launched April 2006, planned completion for Mar 2008, actually handed over Sep 2009.

Joannides

May 5th, 2011, 12:10 PM

Steve, did you get the email from Exclusive this morning with the pictures? They were showing tenants round. Has the certificate issues been resolved?

Once handover is complete, they are more than happy to allow rental agents in to view the property.

Joannides

May 5th, 2011, 12:12 PM

That is good news, so they have fixed the reported snags then in the apartments this time round. A lesson learnt from the Point handover fiasco.

Did you get any photos of the communal areas, pool, gym, steam rooms etc.

Afraid not. i was really pushed for time so didnt get the chance to take any photos.

Anjam

May 5th, 2011, 12:29 PM

Once handover is complete, they are more than happy to allow rental agents in to view the property.

Are they free to roam or need to be accompanied?

Dubai_Steve

May 5th, 2011, 12:32 PM

Steve, did you get the email from Exclusive this morning with the pictures? They were showing tenants round. Has the certificate issues been resolved?

Yes got all the photos, not sure, Exclusive implied that handovers have commenced.

Good that the tenants they showed around were giving positive feedback :)

Dubai_Steve

May 5th, 2011, 12:38 PM

http://i52.tinypic.com/iqvix0.jpg

http://i52.tinypic.com/2vbpgk9.jpg

http://i54.tinypic.com/15y7whi.jpg

torchowner

May 5th, 2011, 02:47 PM

FYI --Didn't know her then and was less than knowledgable on the dodgy dealings of SG at that time :)

Don't really know if they have a list to this day to be honest either ? But seeing as i am on LTPP there and signed the Addendum i am not allowed to get involved in IOA -- Good enough answer ?

Now that you know this lady, would you use her to get a list of Owners for The Point and The Torch? I seem to have read some comments made by you regarding dodgy quality and dealings by SG at The Point!! Perhaps, these comments were not made by you but by somebody posting them in your name.:wtf::gaah:

torchowner

May 5th, 2011, 02:50 PM

Yes got all the photos, not sure, Exclusive implied that handovers have commenced.

Good that the tenants they showed around were giving positive feedback :)

Talk is cheap!!! Were the tenants signing on the dotted lines too?

torchowner

May 5th, 2011, 02:55 PM

3 year delay? I make it 4 years.

The Torch

The Point folks got off lightly - launched April 2006, planned completion for Mar 2008, actually handed over Sep 2009.

Not really. The Point is still in a terrible shape requiring constant repairs.:ohno:

DennyCrane

May 5th, 2011, 05:53 PM

Not really. The Point is still in a terrible shape requiring constant repairs.:ohno:

Which is another reason people should not sign the addendum which let's Select off the hook. The addendum is the greatest piece of work since prime minister Berlesconi intoduced legislation that the acting prime minister could not be tried on any corruption charges. You just couldn't make it up in the real world

Dubai_Steve

May 5th, 2011, 06:31 PM

http://i53.tinypic.com/1zgc1s6.jpg

Dubai_Steve

May 5th, 2011, 06:37 PM

http://i54.tinypic.com/2njzv4n.jpg

Dubai bound

May 5th, 2011, 08:02 PM

Steve you really beleive that, OH yeah all these tenants are saying wow what a great finish, and loads of interest! do me a favour, We not all that foolish to believe that, think everyone needs to wise up and see what is happening here!! oh yeah loads of perspective tenats all just waiting in line for you to sign up and then OH NO where they all gone!!! they must have found something else!

And they just happened to be allowed in to view, even though no certificates on building, which means no public liabilty insurance for people to wander around, which means Select wont allow it to happen........ or would they if its good feedback about the wonderful finish and the amount of interest..... PLeeeassse

ramzy

May 5th, 2011, 08:13 PM

Is that from your place Steve?

Amazing views!

MANUTD

May 5th, 2011, 08:27 PM

Now that you know this lady, would you use her to get a list of Owners for The Point and The Torch? I seem to have read some comments made by you regarding dodgy quality and dealings by SG at The Point!! Perhaps, these comments were not made by you but by somebody posting them in your name.:wtf::gaah:

If someone asks politely yes no problem not if they say "what the f*ck" to me though ? -- i don't get it ? ?

Any way Micmonroe 1 is your lady ask her nicely she may respond and she may help you get names to set up your IOA I guess :) Although i have to say i;m not really sure if you are allowed those names unless an IOA has already beeen set up and the person who asks is on the board ? And i think you may need to be resident in DUBAI to sit on the board also ?

Take this SELECT thread please

CAJ

May 5th, 2011, 08:51 PM

http://i54.tinypic.com/2njzv4n.jpg

which floor is this from?

Dubai_Steve

May 6th, 2011, 12:33 AM

Is that from your place Steve?

Amazing views!

No its one that Exclusive has up for rent for 150k

Nice palm view also

http://i51.tinypic.com/2qcdoaq.jpg

http://i54.tinypic.com/169jl84.jpg

MANUTD

May 6th, 2011, 09:35 AM

No its one that Exclusive has up for rent for 150k

Nice palm view also

http://i51.tinypic.com/2qcdoaq.jpg

http://i54.tinypic.com/169jl84.jpg

Thats my view !! and i'm not taking possession unless we all get sorted out properly with snagging , addendum and measurements

But would be surprised to get 150k any wherE in TORCH very surprised

Dubai_Steve

May 6th, 2011, 11:14 AM

Apparently snagging has been done in the Torch already. Perhaps Joanides can clarify to what quality?

jack1961

May 6th, 2011, 12:21 PM

Apparently snagging has been done in the Torch already. Perhaps Joanides can clarify to what quality?

hi to all
can any one please help me with my handover. my appartment is in joint name with wife, do we both have to go there for handover or any one of us can go. and also can we do dewa payment form here, or we have to go pay them in dubai. i am in london so i want to make sure i dont waste many days when i go there.

jack1961

May 6th, 2011, 12:41 PM

[QUOTE=Dubai_Steve;77286571]Apparently snagging has been done in the Torch already. Perhaps Joanides can clarify to what quality?[/QUhi

ONE MORE QUESTION..
HOW SOON AFTER HANDOVER.. ONE IS ALLOWED TO RENT THE PROPERTY
THANKS

Anjam

May 6th, 2011, 12:46 PM

hi to all
can any one please help me with my handover. my appartment is in joint name with wife, do we both have to go there for handover or any one of us can go. and also can we do dewa payment form here, or we have to go pay them in dubai. i am in london so i want to make sure i dont waste many days when i go there.

Only one of you need to go, pm me your email address and I will send you a template letter you need to have signed by the absent joint owner. You will also need a copy of their passport.

Not sure if you can pay the DEWA without going there to open an account. Others who have been through the process say it does not take very long and is a simple procedure as long as the developer has filed the NOC beforehand. If you are really pushed for time I am sure there are agents who will sort out your DEWA on your behalf for a fee.

Anjam

May 6th, 2011, 12:47 PM

jack1961

May 6th, 2011, 01:11 PM

[QUOTE=jack1961;77290279]

As soon the building completion certificate is issued.

THANKS FOR YOUR QUICK REPLY

True Blue

May 6th, 2011, 03:26 PM

Yes got all the photos, not sure, Exclusive implied that handovers have commenced.

Good that the tenants they showed around were giving positive feedback :)

Good news regarding the feedback, seems I must have got it wrong about the 65k (1 bed) and 85k (2 bed)estimates. But what do I know about Dubai rental market?

Might call Exclusive myself when I'm back over in a few weeks and take the tour. Want to measure that pool against the Jewels one also:lol:

mskhan

May 6th, 2011, 03:49 PM

Only one of you need to go, pm me your email address and I will send you a template letter you need to have signed by the absent joint owner. You will also need a copy of their passport.

Not sure if you can pay the DEWA without going there to open an account. Others who have been through the process say it does not take very long and is a simple procedure as long as the developer has filed the NOC beforehand. If you are really pushed for time I am sure there are agents who will sort out your DEWA on your behalf for a fee.

NOC letter no longer required. If you are personally going to live in the apartment then you will have to open an account with DEWA using the account number provided by Select. If in joint names both need to provide copies of your passports as well as page 2 & 15 of the Sales & Purchase agreement. If you are going to rent it then the agent can open an account on your behalf. AED1000 as security deposit and AED60 as reconnection fee.

Joannides

May 6th, 2011, 04:09 PM

Apparently snagging has been done in the Torch already. Perhaps Joanides can clarify to what quality?

i must confess that i only was in the apartment for less than 10 mins and didnt check every single detail on my original list. i had two or so major issues (i think i posted pictures of the shoddy wokmanship last year) and wanted to check they were rectified. These included the twisted position of of the bidet (literally fitted with a gap at the the back corner of one inch - the gap filled with putty) which has now been completely repositioned and floor retiled so fixed 100%. the second issue - seriously warped window frames. although not fixed perfectly, its certainly acceptable.

redbaron_012

May 7th, 2011, 03:53 PM

Although many/most apartments may be sold how many are occupied ? There must be a massive number of apartments available over the past year or two ? Do that many people live in Dubai or moving from somewhere else.......?

Dubai_Steve

May 8th, 2011, 04:10 AM

^^

The population of Dubai is increasing at the rate of 7000 people monthly.

http://www.dsc.gov.ae/EN/NewsMedia/NewsReleases/Pages/Detail.aspx?NewsId=38

Imre

May 8th, 2011, 08:01 AM

They have started to install The Torch logo and sign at the Marina Pinnacle side :)

PrincessTower

May 9th, 2011, 09:19 AM

9-May

http://i900.photobucket.com/albums/ac210/PrincessTower/zIMG_2210.jpg

ramzy

May 9th, 2011, 10:21 AM

Deep cleaning from the outside?

Dove21

May 9th, 2011, 11:44 AM

Wow, so much workes and process!

foxy

May 10th, 2011, 04:40 PM

Has any one been through the Power of Attorney route for the handover?

Seems such a long process. Any tips anyone?

Thanks

Dubai_Steve

May 10th, 2011, 05:28 PM

Just find a public notary close to you, they will arrange for all the required FO stamps etc. (about £200 if you want an express service less than 1 week). Then pick it up from them when they call you to say its ready and send it off to your agent in Dubai to arrange final attestation there.

foxy

May 10th, 2011, 05:34 PM

Thanks Steve

Impy

May 10th, 2011, 06:51 PM

May 10 -- Property transactions in Dubai
totaled 30 billion dirhams in the first quarter, with 10,554
units changing hands, Marwan Bin Ghalita, chief executive
officer of Dubai’s Real Estate Regulatory Agency, said at a
conference today. The value was 20 percent higher than the
previous quarter, he said.

propertymate

May 10th, 2011, 07:44 PM

Foxy, I have sent you a PM :)

foxy

May 10th, 2011, 08:18 PM

Thanks

CAJ

May 10th, 2011, 09:18 PM

Any disgruntled investors should write to RERA expressing their concerns regarding the way in which we have been treated as investors/purchasers of the torch

Anyone can visit the RERA website and register, and then send an e-mailfrom the website raising questions and advising them of the current situation in particular requesting information relating to the physical completion of the building and also the service charge

As many of us as possible should express our concerns direct to RERA

Dubai-Sail

May 11th, 2011, 02:37 AM

Tosh

May 11th, 2011, 08:49 AM

How many have got their keys so far?
What is the general consensus?

CAJ

May 11th, 2011, 09:38 AM

Hey CAJ - Can you give me the website/ E-mail/ address or telephone number of RERA please. The web searches aren't bringing me to where I need to be. Thanks. I would really appreciate it.

http://www.rpdubai.ae/rpdubai/welcome

register and then click on the "contact us" icon and forward them your thoughts by e-mail

Why Dubai

May 11th, 2011, 09:50 AM

Handover

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

How many have got their keys so far?
What is the general consensus?

According to Exclusive . Three people have had handover and keys !!

Rider

May 11th, 2011, 01:59 PM

^^ They have their keys but they are not allowed to occupy their units yet.

True Blue

May 11th, 2011, 02:28 PM

^^So they have a set of keys but no handover! What's the point:dunno:

I guess that situation helps the developer to justify charging maintenance, totally crazy to accept keys at this stage:bash:

Dubai_Steve

May 11th, 2011, 02:38 PM

Well the rumour is final cert to be on the 15th when access can then be given. We will see.

Rider

May 11th, 2011, 03:11 PM

^^So they have a set of keys but no handover! What's the point:dunno:

I guess that situation helps the developer to justify charging maintenance, totally crazy to accept keys at this stage:bash:

The developer clearly jumped the gun and had initially hoped to have all the certificates in place by 1 May which is when the service charges take effect. Maybe the delay until 15 May was caused by an act of god?!

Some owners probably booked flights or arranged power of attorney documentation in response to the completion notice received a few weeks back so the developer may have chosen to proceed with the handover process to prevent owners having to re-schedule and incur more costs. An unexpected caveat i.e. no occupancy was obviously thrown in at the last minute.

mackie1964

May 11th, 2011, 06:15 PM

http://www.rpdubai.ae/rpdubai/welcome

register and then click on the "contact us" icon and forward them your thoughts by e-mail

Write Directly to the head of RERA, Mr. Bin Galita:cheers:

Sheltie

May 11th, 2011, 06:42 PM

Do you have his email address?

ramzy

May 12th, 2011, 12:09 AM

I was informed by Exclusive that verbally SG have advised that service charges and warranty will adjusted to start from mid May instead of May 1. Let's see what happens.

scoobudubai

May 12th, 2011, 04:45 PM

Why is it so quiet here?

What happened to e.g. MisterMark's campaign?

Mistermark

May 12th, 2011, 08:08 PM

Why is it so quiet here?

What happened to e.g. MisterMark's campaign?

Awaiting the outcome of the Torch group's discussions.

scoobudubai

May 12th, 2011, 08:51 PM

Awaiting the outcome of the Torch group's discussions.

http://www.dailymail.co.uk/news/article-1282361/Duchess-York-Shamed-Fergie-seeking-bigger-divorce-payout-Andrew.html

http://www.clickpress.com/releases/Detailed/94488005cp.shtml

Anyone guess why I am sending those two links?

Anyone guess who Select U.K. is using as solicitors?

Btw, new website on the way shortly, apparently.

also..
http://news.bbc.co.uk/1/hi/magazine/7985361.stm

Dubai_Steve

May 12th, 2011, 11:54 PM

http://i54.tinypic.com/291j13o.jpg

Some various agents adds for the Torch I found.

With arguably the MOST STUNNING VIEWS OF THE MARINA (or beautiful Sea and Palm views), the 2 bedroom apartments in The Torch really are some of the very best apartments you will find in this price range.

BRAND NEW, Never been lived in. (You can also tell your friends you live in the The Torch which is the tallest residential building in the World! Pick a floor you like from the 2nd to the 82nd Floor!)

- BEST MARINA VIEW! As an agent I have seen the view from all of different towers in the Marina, and in my opinion this is the very best. It really is a beautiful. (The photo's shown is the actual view).

- STUNNING Sea and Palm views are available on the other side of the building!

- HIGH SPECIFICATION FIT-OUT and the building is built and finished really well. (unlike some in the Marina).

- FULLY FITTED KITCHENS (Integrated Oven & Hobb, Washer/Drier, Fidge/Freezer, Granite Worktops and Wood Cabinetry)

- GREAT LAYOUT / FLOOR PLAN. Really practical, good use of the space (something a lot of developers overlook). All the apartments are wonderfully bright and airy thanks to Floor to Ceiling windows throughout.

- LOVELY BALCONIES Accessible from both Living Room and Bedrooms.

- The Torch has the BIGGEST and BEST EQUIPPED GYM in the Marina, along with a STUNNING POOL and (both mens and womens) Jacuzzi, Steam Room and Sauna.

- FANTASTIC LOCATION – The Torch is at the ‘good’ end of the Marina right at the start of The Walk. Spinneys supermarket is on your doorstep along with all of the shops, café’s and restaurants. The glorious beach at JBR is just a short stroll away too!

This is the epitome of the Dubai lifestyle. Experience the elegance, the luxury and even the serenity this property brings. Situated at Torch Tower in Dubai Marina, this incredibly well-designed home will without a doubt fill your senses with ease and comfort! This 1-bedroom property includes an elegant en-suite bathroom with a high quality finish detailed with deep-soaking tub, hot and cold shower and limestone vanity with built-in storage, an ultra-modern kitchen upgraded into having ample storage space, granite counter-tops, wooden cabinetry, and an adjacent guest toilet. Enjoy alluring views of the marina from this property's double-glazed, heat-reducing, floor-to-ceiling windows from the comforts of the living room. Truly the best place for you!!

Dubai_Steve

May 13th, 2011, 12:00 AM

http://i53.tinypic.com/nvschi.jpg

PrincessTower

May 13th, 2011, 08:36 AM

http://i54.tinypic.com/291j13o.jpg

Some various agents adds for the Torch I found.

....BEST MARINA VIEW! As an agent I have seen the view from all of different towers in the Marina, and in my opinion this is the very best. It really is a beautiful. (The photo's shown is the actual view).

....The Torch has the BIGGEST and BEST EQUIPPED GYM in the Marina

:lol: the photo is clearly taken from Marina Heights... Torch angle is more over to the right. Good one.

also, the gym in Marina Heights is larger judging from the recent Torch pictures posted. Same brand machines, just more of'em so how is the Torch best equipped?

Just a tiny bit exagerrated sometimes - those real estate ads. :)

Canard

May 13th, 2011, 09:14 AM

http://i53.tinypic.com/nvschi.jpg

Ok the view is amazing, but for HOW LONG????

What about the empty plot in front of Torch? MARINA SKY TOWERS has been cancelled, fortunatly... But park, parking or shopping mall have not been approved yet.
So we never know... Now the construction in Dubai has started again. Maybe Emaar will be encouraged to sell this plot to a developer.

Personaly, and according to my experience, I would think about twice before paying a premium for this view with this empty plot in front. :ohno:

Sheltie

May 13th, 2011, 09:37 AM

I can't see much happening in the next year so might be worth renting just now for the view.

arfie

May 13th, 2011, 10:28 AM

Ok the view is amazing, but for HOW LONG????

What about the empty plot in front of Torch? MARINA SKY TOWERS has been cancelled, fortunatly... But park, parking or shopping mall have not been approved yet.
So we never know... Now the construction in Dubai has started again. Maybe Emaar will be encouraged to sell this plot to a developer.

Personaly, and according to my experience, I would think about twice before paying a premium for this view with this empty plot in front. :ohno:

Off Plan is pretty much dead cant see a supertall tower/towers being built here for many years.

DennyCrane

May 13th, 2011, 10:36 AM

Dubai takes tallest residential tower title from Australia

http://www.propertywire.com/news/middle-east/dubai-world-s-tallest-tower-201105135175.html

Christ I hope no owners from the point read this article! :ohno:

Gorilla

May 13th, 2011, 10:57 AM

Off Plan is pretty much dead cant see a supertall tower/towers being built here for many years.

never say never but agree that it's unlikely the plot would be built for years to come, a positive by product of property crash for torch marina view owners :cheers:

True Blue

May 13th, 2011, 12:34 PM

http://i54.tinypic.com/291j13o.jpg

With arguably the MOST STUNNING VIEWS OF THE MARINA (or beautiful Sea and Palm views), the 2 bedroom apartments in The Torch really are some of the very best apartments you will find in this price range.

BRAND NEW, Never been lived in. (You can also tell your friends you live in the The Torch which is the tallest residential building in the World! Pick a floor you like from the 2nd to the 82nd Floor!)

- BEST MARINA VIEW! As an agent I have seen the view from all of different towers in the Marina, and in my opinion this is the very best. It really is a beautiful. (The photo's shown is the actual view).

- STUNNING Sea and Palm views are available on the other side of the building!

- HIGH SPECIFICATION FIT-OUT and the building is built and finished really well. (unlike some in the Marina).

- FULLY FITTED KITCHENS (Integrated Oven & Hobb, Washer/Drier, Fidge/Freezer, Granite Worktops and Wood Cabinetry)

- GREAT LAYOUT / FLOOR PLAN. Really practical, good use of the space (something a lot of developers overlook). All the apartments are wonderfully bright and airy thanks to Floor to Ceiling windows throughout.

- LOVELY BALCONIES Accessible from both Living Room and Bedrooms.

- The Torch has the BIGGEST and BEST EQUIPPED GYM in the Marina, along with a STUNNING POOL and (both mens and womens) Jacuzzi, Steam Room and Sauna.

- FANTASTIC LOCATION – The Torch is at the ‘good’ end of the Marina right at the start of The Walk. Spinneys supermarket is on your doorstep along with all of the shops, café’s and restaurants. The glorious beach at JBR is just a short stroll away too!

^^really is a desperate piece of work!

"High specification fit out"? Eh! No marble floors, no feature tiling anywhere, what is so high spec that makes it stand out? Is the answer in the next caption, "Hot AND Cold shower" surely not!

"Lovely balconies" I think they are possibly the worst I've seen but I take on board the fact that it is a supertall building and large balconies don't work. So why highlight them as a feature?

True Blue

May 13th, 2011, 02:59 PM

So it's Sunday for handovers?

Going to be a big day for celebrations, Rangers will win the Scottish Premier League for the third time in a row and The Torch will commence handovers.

PARTY ON!!:banana::cheers::pepper::dance2::booze::lock::scouserd::cheers2::cucumber::cheers1::banana2::righton::cheer:

^^Going to look silly if none of the above happens:laugh:

Imre

May 13th, 2011, 03:31 PM

13/May/2011

The Torch

http://i51.tinypic.com/a9yfio.jpg

http://i51.tinypic.com/nber15.jpg

http://i51.tinypic.com/rm2w7o.jpg

http://i52.tinypic.com/1eqm4y.jpg

Anjam

May 13th, 2011, 04:08 PM

Great shots Imre, looking forward to seeing the building lit up.

True Blue

May 13th, 2011, 05:37 PM

If they knew they were going to mount the sign vertically, they should have done a better job of making the characters the same width:bash:

Or is it an optical illusion?

Dubai_Steve

May 13th, 2011, 05:43 PM

T
H
E

T
O
R
C
H

They are not using a fixed width typeface :)

Anjam

May 13th, 2011, 06:02 PM

T
H
E

T
O
R
C
H

They are not using a fixed width typeface :)

^^ I'm just relieved they got the spelling correct and that it doesn't say:
T
H
E

S
E
L
E
C
T

G
R
O
U
P

scoobudubai

May 13th, 2011, 06:51 PM

All their letters have been rubbish so whats new

binwaitin

May 13th, 2011, 07:15 PM

This makes me worried / if they can't get their sign looking good then what chance do we have with the things we can see ..? This is in reality their free advertising so you would think they could show some FIRST CLASS quality in it

binwaitin

May 13th, 2011, 07:16 PM

Dubai_Steve

May 13th, 2011, 07:37 PM

What happened to the illuminated P sign? Changed their minds about that?

ianthy

May 13th, 2011, 10:33 PM

scoobudubai

May 13th, 2011, 11:46 PM

Good Luck to all that are taking possession of their apts. We are in BC are still waiting.......

While we are waiting I thought I would start to think about furniture - please can anyone recommend a good fit out company with turnkey solutions. Sadly, many of the companies that I identified a year ago seemed to stopped trading. I am looking for something contemporary that would work for short term rentals.

Thks for your recommendations.

I highly recommend the following:

http://www.selectproperty.com/services/furniture-packs/

Those kind people in Cheshire called me about a year and a half ago with their kind offer to completely kit out the apartment for just £12,000, despite all the arguments we've had. Call them they are charming people and will go out of their way to help.

Let us know how it goes.

scoobudubai

May 13th, 2011, 11:48 PM

What happened to the illuminated P sign? Changed their minds about that?

BTW, why is the building called "The Torch" ?

scoobudubai

May 14th, 2011, 12:05 AM

http://i53.tinypic.com/nvschi.jpg

BTW, just so scoob is seen to be reasonable,that is a view to die for, pity we didn't buy one of those apts at the top. 'Vista Da Morire'

PrincessTower

May 14th, 2011, 07:45 AM

BTW, why is the building called "The Torch" ?

once the top feature is lit up we'll see. this will also prevent the owners association from renaming it to The Torchure.

the illuminated "P" is gone. I assume it was a mockup. where would P fit anyways? Porch? Select Poup? :wink2:

micmonro1

May 14th, 2011, 08:09 AM

To all Torch owners,
Please read my post on another thread in which I highlighted SG's tactics to rub people of more money.
I am asking people to write and complain to RERA. Also, with regards to the threat SG and whoever that represent them regarding withholding the handover of the units to the buyers its simple,
read the recent Government of Dubai Executive Council Resolution No. 6 of 2010, which is signed by HH Sheikh Mohamed Bin Rashid Al Maktum
(this Law is considered an executive order and breaching it is considered a criminal offence)

"the Law that was expanded upon relates to registration upon completion. Previously, a developer could not refuse to hand over or register a unit in the name of the purchaser on the Real Estate Register once a project had been completed or a completion certificate had been issued by the relevant authorities, if a purchaser had discharged all its contractual obligations. The Resolution adds that now, the developer cannot refuse even if there were other financial obligations owed by the purchaser to the developer which did not arise in connection with the sale contract."

For those decent people who have faith in what I say
believe me SG are trying to cause panic amongst investors with these tactics. Its the oldest tricks (cause panic-buy cheap- sell high .....and make a huge profit) and they will employ any tactics to entrap you.
If you read any advise to sign "under duress" please please ignore it or call a Lawyer and ask them about what they think, the correct advise will be what MANUTD's Lawyer has told him "Ignore it".
They will get SP to pose as your trusted friend who will help you get rid of the unit but in reality they will feed you stories that your unit will be worth cheaper than when you bought it, and that the property market in Dubai is down, all this to fool you in a sense of helplessness. Don't buy it, this is another lie as the property market has began to recover.
Don't fall for it. I always remember one word of advise I was given.
Know your rights
read this link:
http://blogs.thenational.ae/crane_co...%202010(2).pdf

hawki

May 14th, 2011, 08:41 AM

Imre

May 14th, 2011, 08:59 AM

What type 1 BR has this kitchen?

Canard

May 14th, 2011, 10:08 AM

It's not 1BR, but the small 2BR apartment.

This kitchen is a joke! For a studio maybe, but for a "HIGH STANDARD 2BR APARTMENT"....

Come on guys!!!

Imre

May 14th, 2011, 10:23 AM

I thought its studio but there is no studios thats why asked the 1 BR :)

torchowner

May 14th, 2011, 01:59 PM

BTW, why is the building called "The Torch" ?

Because it has been built by a deadly combination of Select Group and DCE!!

Once the avalanche of problems start, owners may be tempted to torch it.:nuts:

Dubai_Steve

May 14th, 2011, 02:26 PM

I thought its studio but there is no studios thats why asked the 1 BR :)

This is the small 2 bed layout (on the lower floors) as per the original floor plan specification. The 1 beds, larger 2 beds (on the higher floors) and 3 beds have good decent size separate kitchens.

True Blue

May 14th, 2011, 02:33 PM

T
H
E

T
O
R
C
H

They are not using a fixed width typeface :)

Question, in the original sales brochures, is "THE TORCH" logo all upper case characters or has this changed?

Dubai_Steve

May 14th, 2011, 02:43 PM

^^ They are all upper case in the sales brochure and using the same typeface (with same relative widths), so is correct but looks better horizontal rather than vertical.

True Blue

May 14th, 2011, 02:43 PM

This is the small 2 bed layout (on the lower floors) as per the original floor plan specification. The 1 beds, larger 2 beds (on the higher floors) and 3 beds have good decent size separate kitchens.

I think the lower 2 beds have a trade off of a poor kitchen for the larger balcony. The larger 2 bed balcony is a joke, an already small balcony subdivided and shared with your neighbour. Mid 1 beds marina facing look the best option IMO. They should rent ok!

Had a look at the market last night, frightening what you can get in the marina for 100k now(MW1 large 3 bed with full Yacht club view) and 90k will get you a large 3 bed with maids in BB. I expect JLT will be no different.

Dubai_Steve

May 14th, 2011, 02:49 PM

Dubai_Steve

May 14th, 2011, 02:58 PM

http://i900.photobucket.com/albums/ac210/PrincessTower/zIMG_2210.jpg

Has the cleaning finished? Any photos of the clean building as a whole?

True Blue

May 14th, 2011, 03:02 PM

I prefer the larger kitchen and smaller balcony, as the larger 2 beds are high up I don't think you would want to be out on them for that long, just nice to pop out to check how the temperature feels outside etc. before going down to the pool or beach. The fantastic marina views and good facilities will help rent these out. Also the marina facing apartments do not have a feeling of being over looked.

Your perference will be based in your own choice I expect. I have spent a lot of time staying with a friend in Dorrabay during my recent visits. The people in this building practically live on their balconies during the tolerable months. They have full suite of furniture, coffee table, dining table, parasols, plants and lots of ornamental features. I found myself doing the same thing and eating all my meals, reading the news papers, watching the world go by and having a mid day nap all on the balcony. I did not think it worth while going for the 300ft balcony and just took the 200ft size to save on the additional maintenance cost. But my mind is now made up that an apartment from now on must have a balcony that you can spend plenty of time on.

This is what I'm talking about and there are a large percentage of tenants that seek out apartments with decent sized balconies that let them enjoy the outdoor al fresco lifestyle;

http://img542.imageshack.us/img542/738/apt902dorrabay.jpg

Dubai_Steve

May 14th, 2011, 03:14 PM

Each to their own as they say. Should be enough room for something like that on some of the balconies on the Torch, otherwise a small chair and table would suffice. Space inside is more important to me, especially on higher floors.

Found this add for a 1 bed :)

Beautiful 1 bedroom apartment available for rent in the Torch Tower located at Dubai Marina with 889 sqft. This brand new unit offers fully equipped kitchen with cabinets. The Bedroom is very spacious with built-in wardrobes and en-suite bath. It also has a huge balcony offers the panoramic views of Marina, 1 parking spaces is provided.

True Blue

May 14th, 2011, 03:19 PM

^^Yip, but if you bought for rental return you have to stop being personal.

Dubai_Steve

May 14th, 2011, 03:22 PM

What works for me will also work for other professionals.

True Blue

May 14th, 2011, 03:43 PM

Rider

May 14th, 2011, 04:07 PM

True Blue

May 14th, 2011, 05:30 PM

One agent has said the following about Torch apartments on dubizzle:

- FANTASTIC LOCATION – The Torch is at the ‘good’ end of the Marina right at the start of The Walk. Spinneys supermarket is on your doorstep along with all of the shops, cafés and restaurants. The glorious beach at JBR is just a short stroll away too!

Looks like the consensus is starting to build in terms of which end is more desirable. I might check if Walter Smith wants to rent my marina facing apartment now that he has plenty time on his hands. I'm sure he'd appreciate some sun after getting soaked during his lap of honour.

^^:lol:

Some nice quotes in there. The "good" end of the marina is where the investors are making maximum returns and renting out is little problem, not where the agents say it is when they have a job on their hands. Just my concensus of opinion:D

I don't think Walter would want to rent the Torch with his money:) More likely to rent a 3 or 4 bed in Jewels with over 3500ft2 of space and a seperate family room for his grand children. Come to think of it, TJ is the only development yet I am aware of that has a seperate family room in the 3 beds and bigger. Maybe Le Reve does, but it is not a short stroll to the beach from there.

Looking forward to tomorrow everyone? :) I know I am!

234sale

May 14th, 2011, 06:07 PM

Quality kichen- thats what i call 5 star ive seen better at Butlins!!!!!

sorry but lol

Imre

May 14th, 2011, 06:55 PM

Those adverts means nothing, just have a look these for Zumurud from the Dubizzle:

Everything you ever wanted Zumurud Tower is one of the new towers in Marina. This unit is a fabulous unfurnished apartment in the Marina with different amazing views you can choose such as the amazing Marina view, sea view and Sheikh Zayd Road. The building has relaxing swimming pool and gym. Just a minute away from The Walk, cafes, bars, beach, restaurants, mall, clinic, pharmacy and a lot more! Easy access to Abu Dhabi, Media City, Internet City, Jebel Ali and Sheikh Zayed Road. Call now and don’t miss the chance to experience a relaxing lifestyle in the heart of the Marina!!! Fittings and Fixtures

--------
370 Sqft

Fantastic studio in Zumurud Tower, Dubai Marina, amazing view of Marina, furnished kitchen, spacious bright layout, great amenities around includes, pool, gym and health club facilities, close to cafes, restaurants and shopping centers, 24 hours security, covered car parking.
------------

Dubai Marina - Zumurud Tower

Studio— Partial Marina view- New Building with very well facilities- rent 40k with 4 cheques big swimming pool, 24hours supermarket & pharmacy, close to yacht club with bars, next to the marina walk, easy exit to dubai & abu dhabi. Best location ever.
Partial Marina view

Area: 400 sq.ft.

-----------

:)

shakka

May 14th, 2011, 07:31 PM

Your perference will be based in your own choice I expect. I have spent a lot of time staying with a friend in Dorrabay during my recent visits. The people in this building practically live on their balconies during the tolerable months. They have full suite of furniture, coffee table, dining table, parasols, plants and lots of ornamental features. I found myself doing the same thing and eating all my meals, reading the news papers, watching the world go by and having a mid day nap all on the balcony. I did not think it worth while going for the 300ft balcony and just took the 200ft size to save on the additional maintenance cost. But my mind is now made up that an apartment from now on must have a balcony that you can spend plenty of time on.

This is what I'm talking about and there are a large percentage of tenants that seek out apartments with decent sized balconies that let them enjoy the outdoor al fresco lifestyle;

http://img542.imageshack.us/img542/738/apt902dorrabay.jpg

I just would have liked my choice of a good sized balcony. I thought thats what I signed for. Reality is I'm actually lucky to even get a balcony going by how poor Select are.
For the record of course you would want a decent sized balcony like the above. Anyone saying they wouldn't is lying to themselves.

Mine is big enough to have a cafe table & two chairs at a push.

Dubai_Steve

May 14th, 2011, 07:51 PM

This add placed on the 12th says JUST HANDOVER YESTERDAY :dunno:

TORCH TOWER

This apartment has 1 B/R with a, balcony and you can also enjoy the view of the Panoramic Full Sea View

This Superb unit is in high demand with stunning view of Sea.

It has best finishing and amazing Unit Layout

It is ready for immediate occupancy, vacant, spacious and very superb/amazing apartment.

There is a fully equipped gym with amazing sea view & swimming pool (life guard for your supervision).

This Tower is JUST HANDOVER YESTERDAY.

Recreational Facilities &. Outdoor swimming pools are all available.

Dubai_Steve

May 14th, 2011, 07:59 PM

Quite a few 2 beds up on Dubizzle for 130k, wishful thinking.

1. 2Bed + huge living
2. Equep Kitchen Appliances
3.Good Location just next to Barsha-2
4. Around Area View With Full Bld Facilities
5.Ready To Move In All The Time
6.Per Anam -130k ( Wtih Single cheque Payment )
7.Covered Parking By 2 Entrance

torchowner

May 14th, 2011, 09:39 PM

Christ I hope no owners from the point read this article! :ohno:

Please DO NOT forget that the same deadly combination of Select Group and DCE that built The Point have also built The Torch. The Point is a small simple tower compared to The Torch. If they could not get it right at The Point, I am afraid of what horrors are in store for Torch owners!!
As a PR stunt, may I suggest that Mark Stott, Rahail Aslam and Paul Brady should don parachutes and jump off the tower. I am even willing to pack their parachutes without charging them anything for it.

True Blue

May 14th, 2011, 09:40 PM

I had a look at the Torch adverts in Dubizzle and they are full of missrepresentation, like some of the examples you post Steve.

There are plenty of over priced units, 1 beds at 90k 2 beds at 160k:eek: but I can only think this is a strategy pre handover to try and make people think they are getting a good price if they can find the same 2 bed listed for 120k:ohno:

One ad showed the marina view as the view from Marina Promenade, another claimed the 2 bed was 1700ft2 but the picture attached of the floor plan clearly stated 1200ft2. And Exclusive keep claiming they are in high demand, that would explain why they have placed so many ads then:bash:

The word from some of the agents I spoke to said that they were surprised just how poor the take up has been for OH when it is such a lovely building with a good modern finish, only negative is some of the 3 beds are strange layouts and not as big as they should be.

True Blue

May 14th, 2011, 09:42 PM

Please DO NOT forget that the same deadly combination of Select Group and DCE that built The Point have also built The Torch. The Point is a small simple tower compared to The Torch. If they could not get it right at The Point, I am afraid of what horrors are in store for Torch owners!!
As a PR stunt, may I suggest that Mark Stott, Rahail Aslam and Paul Brady should don parachutes and jump off the tower. I am even willing to pack their parachutes without charging them anything for it.

To be fair the Point was literally thrown together in record time. I was shocked at how quick it was finished after it was topped out. The end result shows the consequences of the rush job. A good bit more time has been spent on The Torch so fingers crossed the issues are all minor ones.

torchowner

May 14th, 2011, 09:47 PM

torchowner

May 14th, 2011, 09:53 PM

To be fair the Point was literally thrown together in record time. I was shocked at how quick it was finished after it was topped out. The end result shows the consequences of the rush job. A good bit more time has been spent on The Torch so fingers crossed the issues are all minor ones.

Please do not bet your life or money on that theory or assumption. It is a huge monster of a building and I would not trust Select Group/DCE to construct a garage for me.

jeetha

May 14th, 2011, 11:53 PM

I wanted to post this before, but didn’t.

All you torch owners are the biggest contributors on SSC (Marina thread).

Together you all stopped the Sky Tower from happening (for now anyway).
Together you all can stop Select from blackmailing you.
If you can’t then BC & the other 2 have no chance.

Tomorrow is the big day (15/05) lets see if Select can get the completion cert.

Good luck.

Dubai_Steve

May 15th, 2011, 01:39 AM

The word from some of the agents I spoke to said that they were surprised just how poor the take up has been for OH when it is such a lovely building with a good modern finish, only negative is some of the 3 beds are strange layouts and not as big as they should be.

I am also a bit surprised about that as the facilities are very nice there but the location may be the turn off, slightly too far from the marina, works around not complete and bad access road.

Dubai_Steve

May 15th, 2011, 01:45 AM

One ad showed the marina view as the view from Marina Promenade, another claimed the 2 bed was 1700ft2 but the picture attached of the floor plan clearly stated 1200ft2. And Exclusive keep claiming they are in high demand, that would explain why they have placed so many ads then:bash:

Exclusive is the official appointed snagging and leasing agent by Select Group. What else would you expect from them????:nuts:

To be clear, the add showing the marina promenade view is by EMIRATES HOMES REAL ESTATE BROKERS not by Exclusive Links.

Exclusive have/will have a large number of units to rent and final cert was not ready so they are trying to gather lots of interest to get them rented for owners, hence the bulk/generic adds. The tactic is to get people in and them let them choose which floor, view, no. bedrooms they want from the large range. Exclusive have done a great job on the snagging so far and it looks like Select have fixed the snags also and done deep cleans of the apartments.

Joannides

May 15th, 2011, 12:17 PM

building certificate not issued today. expected most likely on Tuesday

Psofos

May 15th, 2011, 09:03 PM

scoobudubai

May 15th, 2011, 09:34 PM

building certificate not issued today. expected most likely on Tuesday

Hi Joan, why do you say that? any idea when all / any apartments will be ready for occupation?

btw, on a separate note I suspect all these action groups wherever they may be, are resulting in useful info not being posted on this forum!

Well done Micmonro, very useful posts, very appreciated.

True Blue

May 15th, 2011, 11:29 PM

Dubai_Steve

May 16th, 2011, 02:42 AM

How did the handover go?:cheers:

Final cert. Tuesday now. :gaah: More hand overs pencilled in for Wednesday.

http://i55.tinypic.com/21d0thg.jpg

How did the hangover go? :)

torchowner

May 16th, 2011, 10:37 AM

Please do not bet your life or money on that theory or assumption. It is a huge monster of a building and I would not trust Select Group/DCE to construct a garage for me.

News has it that there has been a new fire at The Point within a period of 4 months. Please please have the fire alarm systems checked out by a independent company as nobody would like to be stuck in the tallest residential building in the world should there be a fire!!!:ohno:

True Blue

May 16th, 2011, 11:40 AM

Final cert. Tuesday now. :gaah: More hand overs pencilled in for Wednesday.

http://i55.tinypic.com/21d0thg.jpg

How did the hangover go? :)

Gauging it against OH handover, Tuesday would be quite quick. OH final inspection and handover process took a few months.

Hangover is almost gone, can't believe I drunk so much Belhaven yesterday. No wonder I have a dicky stomache today, not good when I have a flight in a few hours:puke: Might be better to move myself to the back of the plane near the wc:)

Morrismarina

May 16th, 2011, 07:46 PM

Hangover is almost gone, can't believe I drunk so much Belhaven yesterday. No wonder I have a dicky stomache today, not good when I have a flight in a few hours:puke: Might be better to move myself to the back of the plane near the wc:)

Sounds like you had a good night. :lol: Have a good flight. :okay:

jack1961

May 17th, 2011, 10:39 AM

building certificate not issued today. expected most likely on Tuesday

hi any news on building certificate. i have been given date on 28th of may 2011 for handover. Is it wise to book now or wait till later date, as i still have few days left before i fly.
thanks in advance for any help i can get here

Dove21

May 17th, 2011, 11:02 AM

When will the torch lightning up?

Rider

May 17th, 2011, 11:43 AM

^^ Given that the developer has instructed workers to operate in minimal lighting, I doubt it will be lit until owners are footing the utilities bill.

mackie1964

May 17th, 2011, 01:14 PM

Ladies and Gents; Please write to RERA and especially to Mr Marwan Bin Ghalita, the CEO and the Legal department. It does not matter if you have signed, about to sign or not going to sign. Register your worry, complains and any issues in a nice polite and straight to the point email. No threats or childish Scoopy type attitude please!

This will help us immensely in the near future.

I am not part of any groups and will not be part of any groups but do yourselves a favour and stand up for your rights, even if it's a bit late.

We can’t let those crooks screw us up for ever, can we?

It will pay off in the very near future :cheers:

Anjam

May 17th, 2011, 02:34 PM

CERT ISSUED !

Dubai_Steve

May 17th, 2011, 02:39 PM

:banana::banana::banana:

Congratulations, Torch is now officially open. :)

Anjam

May 17th, 2011, 02:40 PM

jack1961

May 17th, 2011, 03:03 PM

CERT ISSUED !

hi mr anjam, did u mean it has beenissued or u asking if it has been issued
can you please tell me
thanks

jack1961

May 17th, 2011, 03:12 PM

CERT ISSUED !

hi mr anjam, did u mean it has beenissued or u asking if it has been issued
can you please tell me
thanks

Anjam

May 17th, 2011, 03:19 PM

hi mr anjam, did u mean it has beenissued or u asking if it has been issued
can you please tell me
thanks

^^Has been issued

jack1961

May 17th, 2011, 03:23 PM

^^Has been issued

hi
AFTER 6 LONG YEARS ,,...AT LAST GOOD NEWS CAME FROM YOU.
LOL
ALL SET TO GO THERE ON 28TH FOR HANDOVER, HOPE ALL WORKS OUT WELL :)

Joannides

May 17th, 2011, 04:02 PM

i'm all set to do the handover tomorrow afternoon:banana:

thetorch

May 17th, 2011, 04:02 PM

CERT ISSUED !

Thanks Anjam.

Its been a long journey, full of ups and downs, but at least we have all shared in the experience and I am sure, learnt much from the pros and mainly cons, of buying off plan.

Congrats to all fellow Torch owners.

The Torch

Sheltie

May 17th, 2011, 04:11 PM

I'm flying out Sunday for handover on Monday.

Anjam

May 17th, 2011, 04:27 PM

Thanks Anjam.

Its been a long journey, full of ups and downs, but at least we have all shared in the experience and I am sure, learnt much from the pros and mainly cons, of buying off plan.

Congrats to all fellow Torch owners.

The Torch

Thank Joannides for the breaking news :) I'm just the messenger.

Congratulations to everyone and good luck with whatever you decide to do :cheers:

I am in Dubai from the 25th to the 2nd and would love to meet who ever is available during that time window.

Anjam

May 17th, 2011, 04:30 PM

I also hear some tenants are moving in next week :dunno:

Dubai_Steve

May 17th, 2011, 05:02 PM

Yes I heard from some agents there has been good response from potential tenants so far and offers already made, so presumably they will be moving in soon.

Gorilla

May 17th, 2011, 05:33 PM

check the date the thread was created!! 17th May 2005

exactly six years to the day.... who would have thought then?!

jack1961

May 17th, 2011, 06:13 PM

i'm all set to do the handover tomorrow afternoon:banana:

HI WILL YOU POST WHAT IS INVOLVED IN HANDOVER, ONCE YOU HAVE FINISHED PLEASE. HOW SMOOTH IT IS ... OR HOW ROUGHT IT IS LOL

THANKS

Anjam

May 17th, 2011, 06:48 PM

i'm all set to do the handover tomorrow afternoon:banana:

Plenty of pics please if you can. Even if they are your dodgy Blackberry ones :cheers:

jeetha

May 17th, 2011, 06:54 PM

Congratulations to all here.

Exciting times ahead.:banana:

markev

May 17th, 2011, 08:37 PM

Hooooray !!! flying out on sunday for handover on tuesday !

markev

May 17th, 2011, 08:41 PM

I'm flying out Sunday for handover on Monday.

where you flying from sheltie?:banana:

Sheltie

May 17th, 2011, 08:53 PM

I'm on a marathon I think, Sumburgh - Aberdeen - Heathrow - Dubai with BA. We land at 0730 on Monday. Who do you fly with?

PrincessTower

May 17th, 2011, 09:02 PM

The Torch top feature was lit up today for the first time. Only a small bit of green light inside the top ring, which obviously is not the real thing, but it's good to see something shine from that crown... not really worthwile taking a pic so let's wait until this gets more exciting.

PrincessTower

May 17th, 2011, 09:03 PM

...

jack1961

May 17th, 2011, 09:22 PM

I'm on a marathon I think, Sumburgh - Aberdeen - Heathrow - Dubai with BA. We land at 0730 on Monday. Who do you fly with?

u seems like carrying olympic TORCH ... travelling half the world b4 u reach the real torch .:)
i am taking easy route on 27th may ... london .... dubai and handover on 28th
hope ppl who have early handover pass some information to all us late comers please
congratulation to all in your new appt.
thanks

scoobudubai

May 17th, 2011, 09:28 PM

I'm on a marathon I think, Sumburgh - Aberdeen - Heathrow - Dubai with BA. We land at 0730 on Monday. Who do you fly with?

Hi Sheltie et al, just wondering if you can believe that the apartment will be ready to be occupied in the next 6 months, or even if you feel that you will find a tenant within 1 year?

p.s. if you truly believe this - well maybe true but I am sceptical....it would be good news.

It does stike me as slightly out of character that Sheltie announces this.

scoobudubai

May 17th, 2011, 09:30 PM

My 2 shillings - DO NOT send your next payment to Select, send to the escrow account as usual -UNTIL- Torch Select Ltd. either couriers of faxes to you (as per clause 17) a statement that the building is complete and also stating the completion date. The "COMPLETION NOTICE" is just a trick to deceive you.

Dubai_Steve

May 17th, 2011, 09:38 PM

I believe it is true, we will know for sure tomorrow :)

markev

May 17th, 2011, 09:45 PM

I'm on a marathon I think, Sumburgh - Aberdeen - Heathrow - Dubai with BA. We land at 0730 on Monday. Who do you fly with?

manchester-dubai with emirates and land at 07.10 monday:cheers:

Dubai_Steve

May 17th, 2011, 09:50 PM

However I will not sign. 10 more years of extreme risk where at any time could lose the whole investment, i.e. all monies paid to date.

Agree it is a big risk, if you cant pay at any time for whatever reason you could get repossessed within days in theory, whereas repossession would take much longer if you did not sign, so would buy more time to make the payments.

However, leave it too long and the price of rentals are still falling as all the tallest blocks towers complete. However, Torch seems a lot better than many of them from the photos I have seen of the competition.

scoobudubai

May 17th, 2011, 09:53 PM

I believe it is true, we will know for sure tomorrow :)

Hi Steve...it does occur to us that there may well be many private deals with Select, some may involve a request for favourable publicity e.g on this forum, as we know occurred in the past with MrM. There may be some in favour of discouraging other investors from signing the addendum simply as that will reduce the number of competitors for the apartments for rent as they become available. Could Mackie be one of them?:cheers:

Sigh

However I will not sign. 10 more years of extreme risk where at any time could lose the whole investment, i.e. all monies paid to date, never mind the chance lost to SUE!

Dubai_Steve

May 17th, 2011, 09:54 PM

Anyone getting DEWA connected now to get air con switched on before renting out?

scoobudubai

May 17th, 2011, 10:26 PM

Hi Anybody got that posting from MisterMark whereby in 2009 he posted a false statement stating that he was continuing his deal as as result of the settlement agreement for a refund he signed with Select? I think I have it somewhere...pls pm me if better...

you help us we help you

Anjam

May 18th, 2011, 12:09 AM

Anyone getting DEWA connected now to get air con switched on before renting out?

Yes, I think that is crucial in the current weather. I will be doing so at the earliest.

mskhan

May 18th, 2011, 07:43 AM

Anyone getting DEWA connected now to get air con switched on before renting out?

Yes applied for DEWA for reconnection about 10 days ago but on handover on the 16th connection had not been made. It seems connection is not always made automatically once you have applied. Rang DEWA emergency line on the 16th and spoke to a very pleasant operator quoting the 9 digit account number given during the DEWA application, who promised to get an engineer out straight out to make the reconnection.

AED 1000 paid on application as security deposit and AED 60 for reconnection. Previous account was in the name of Rahail Aslam (CEO of Select Group) and AED 91 outstanding. I was not asked to pay this before reconnection could be made. I won't be surprised, if it is added to my first bill.

All points I raised during snagging have been fixed. I have scheduled to move in the 4-June.

During handover, an English gentleman, whose name I do not remember introduced himself to me as working for a company called Kingsford (I think that is what he said). He made the point that that this is an independent company and they would be looking after all parts and services, including security at The Torch except the apartments themselves.

I plan to make another visit in the next couple of days to check if DEWA have made the connections for electricity & water supply.

By the way DU ( 1 of only 2 telecommunication companies in the UAE) will be providing telephone, internet and TV services at the Torch via cable.

Keep you posted as I gather more information over the next couple of weeks, including the move-in experience

Mistermark

May 18th, 2011, 08:31 AM

Free Time

May 18th, 2011, 08:43 AM

Good Luck to everyone with the handovers.

Special thanks to Imre, Dubai Steve and PT who have kept us continuously updated with many pictures. Also many thanks to all the countless others on the forum who have been generous with their advice, opinions and updates.

Shakka ages ago you answered 9 mins walk to the metro. Thanks for this. As people are now arriving, would be good to know other walking times eg to Mall, beach etc.

mskhan, thanks for the update. Is it possible to get DEWA connected from here (i.e. the UK)? or does one need to be physically in Dubai?

On a previous thread someone asked about courier.....I used Transglobal, who use DHL but about 40% cheaper.

God willing plan to be a LT investor/personal user in this building - though I will not have a voting right happy to cooperate with those who have the long term interests of this building at heart and want to achieve the best for it. Despite all the problems, hopefully we will have abuilding we can be all proud of.

mskhan

May 18th, 2011, 08:54 AM