View Full Version : #UNDER C: DUNES TOWER, 41F, Res
January 13th, 2008, 04:28 PM
found it here:
January 14th, 2008, 12:55 AM
id say a 38 story building
January 14th, 2008, 04:17 AM
February 5th, 2008, 09:07 PM
Dunes Tower embodies functional yet stylish living that blends well with the buzz of a community lifestyle at Jumerirah Village South. You will enjoy a unique blend of relaxation, excitement and convenience through the many amenities on offer, whether it is food courts, international schools, hypermarkets, branded boutiques or access to water sports. There is nothing that you can't have.
The building consists of studio, one-bedroom and two-bedroom apartments. The ground floor of the 41-storey tower provides for convenient and accessible retail areas. The two dedicated basement levels and three podium levels ensure that you can brush away your parking worries. This unique development is due for completion in Mid 2010.
February 5th, 2008, 09:08 PM
41F change it mate julitoo :)
February 5th, 2008, 09:53 PM
thankx, bizzy. Moderators, please...
March 26th, 2008, 08:07 PM
March 26th, 2008, 08:09 PM
according to developer site this project at u/c stage .
check it out
June 12th, 2008, 10:46 PM
stopped by this weekend to see if really something`s going on there, took some picture as well. Hope it`ll be ready by mid 2010. only 41 levels are missing :D but saw some construction workers and machines there...
July 28th, 2008, 09:53 AM
November 7th, 2008, 12:33 PM
just found these:
a picture about the construction:
and some updates on the Dunes Tower and on the developer`s other projects:
November 8th, 2008, 04:52 PM
December 9th, 2008, 07:03 PM
it looks like a crane has appeared there recently... has been holidays for a few days, so I was not let in to JVC...
experts, does it mean anything (that they started to set up the crane) in regards to the basement? I mean, they finished that, or just started... thanks. ;)
April 7th, 2009, 03:36 PM
Any updates on this tower and Reef....?
April 10th, 2009, 07:25 AM
I drive past Dunes Tower quite regularly and I see work is still going on. The building is out of the ground and concrete slab at the podium level are in place. Looks like things are going at a steady pace.
May 27th, 2009, 12:18 PM
25% completed (1st floor).
Some issues with postponing with 180 days due to defaulters.
May 28th, 2009, 09:16 AM
I drove past the other day and it looks like they have stopped!
The formwork is being taken down and looks like they are coming to a halt!
Bad news for us all!
I have emailed Reef RE 3 times wanting to know progress but they have failed to reply. I think its now time to lodge a complaint to RERA.
I absolutely hate being kept in the dark by these real estate compaies who are quite happy to take my money on a regular basis!
May 28th, 2009, 09:29 AM
I received a letter from Reef recently, saying that the project will be postponed with 180 days approx.and the installments will be rescheduled.
New payment schedule proposal will be sent out later on.
Reason is: too many defaulters in the project, so it seems they are going to halt (according what you saw there).
I went to their office yesterday and had a discussion with the manager. They will need our signature for this, of course (if agree). They don`t want to accept the next installment.
The manager and I had different understanding on the "Anticipated completion date" part of the contract. However, if only the payment schedule will be changed on that proposal, that might be not that bad.
Question: can the developer halt the project for 180 days?
June 2nd, 2009, 07:58 AM
Has anyone any news on whether RERA/Reef are thinking of cancelling this tower?
The 180 days is in the contract is the maximum delay before they have to refund. However they seem to think if the delay is due to defaulters then a delay of more than 180 days cannot be challenged?
June 2nd, 2009, 01:01 PM
As far is I know, it`s not (yet) cancelled, just put on hold... I guess they need to get finance on it.
My guess it that they don`t accept the installments at the moment to avoid having more defaulters, which would lead to project cancellation (?).
Again, the property manager had different understanding on the anticipated completion date, than you or I have. However I`d not accept his point of view.
I can give you contact details for Reef, maybe they tell you a different story... :( (however I doubt that)
October 7th, 2009, 09:59 AM
Last 2 paragraphs are related.
Reef tests the market with serviced offices
10/04/2009 01:51 PM | Deepthi Nair
In a realty market still treading cautiously, ‘serviced offices’ could be the next big thing. By offering a certain number of back-up services at a fixed cost, the developer is now able to reach out to tenants who would otherwise have not considered shifting premises in an extremely tough business environment.
Unveiling its serviced offices, Reef Real Estate is offering 188 units ranging between 200 and 2,000 square feet for monthly rentals of up to Dh9,000 at Al Reef Tower in Jumeirah Lakes Towers. For those tenants paying a six months’ rent upfront, the developer is offering a five per cent discount, and 10 per cent to those who pay for the full year. These tenants also get a discount on service charges.
Reef Real Estate officials are quick to give the lie to reports of a tepid commercial marketplace, confirming that the units on offer have been quick to win over patrons since the leasing programme started on August 1. While the tenant list features auditors, debt management firms, legal and commodities companies, a senior official says that Reef was weighing its options on serviced offices even before the market correction set in.
But once the downturn became tangible and companies started to downsize and eschew the liabilities imposed by long-term leases, serviced offices have sure enough emerged as the best short-term alternative available today. The other shell-and-core office and retail spaces in Al Reef Tower bought by investors could also end up in the serviced offices pool.
In fact, Al Reef Tower’s location within Jumeirah Lakes Towers has worked to the developer’s advantage. There is the advantage of being close to two Metro stations on top of the benefit of operating within a free zone operated by the Dubai Multi Commodities Centre.
“We have exclusivity in DMCC, there was no stock available here,” says Ian Lloyd, chief executive, R-Serviced Offices. “Also its ideal for those companies whose licences expire soon, and need a temporary place to operate from.” He has a point, especially going by the latest DMCC data, which states that 1,700 companies have so far registered to set up their bases in the cluster.
Reef Real Estate is now so taken up with the serviced office concept that a similar model will be unveiled later in Abu Dhabi. Even a franchising of the ‘R-Serviced Offices’ is not being ruled out.
On its other projects, matters are not progressing according to plan. Saddled by defaults, Reef Real Estate has decided to place the Furjan building in Jebel Ali, Park Residences in Downtown Jebel Ali and the Dunes Tower in Jumeirah Village on hold. Escrow accounts for these projects will ensure that those investors who made timely payments get a refund or their unit transferred to a completed one, either the Al Reef Tower or the Madina Tower, also in Jumeirah Lake Towers.
“The Real Estate Regulatory Agency has been informed about these projects,” says Shaikh Ahmad Mohammad Zayed Saqr Al Nahyan, chairman of Reef Real Estate. “We are lucky to be able to refund investors who are paying their instalments on time, and are trying to settle all accounts with defaulters."
October 14th, 2009, 01:11 AM