New launch in Dubai Sports City

http://www.dubaipropertykeys.com

http://www.expatriates.com/cls/2464135.html

Render:

http://www.findmeapropertyindubai.com/images/elite4/elite4.jpg

ELITE 4 SPORTS RESIDENCE
PRE LAUNCH - DUBAI SPORTS CITY
15% CHEAPER THAN ANY OTHER SILMILAR PROJECT!!
CALL NOW TO RESERVE
PRICES FROM £70,000 – FULLY FURNISHED!!

For OUR customers at Find ME A Property we are offering a discounted rate on all purchases for 30 days.

These prices cannot be beaten anywhere in the market!!!!

Properties are selling very fast with Elite Residences 1 & 2 selling out in under 30 days.

Elite 4 Sports Residence is located within Sports City, Close to the Circle around the Lake offering direct canal views, and is very close to the Cricket Stadium, very close to the entrance of the City towards the Emirates Rd. Locations within the City do not come much better than this.

Elite 4 Sports Residence is already a great success was due to great location coupled with the most competitive pricing while maintaining Quality. Currently apartments in and around the waterfront are retailing at AED 1100 plus / sq ft. This PRE LAUNCH is priced 10-20% below similar developments within the same location.

According To Independent reports Dubai Sports City is expected to have a minimum occupancy short term rental rate of 76% due to the fact that the Master Developer of Dubai Sports City has limited the number of Hotels to only Two within the City, average Rental Returns are Expected at 15%-20% Per Annum. Dubai Sports City is the first of its kind purpose built sports city in the world, with Four Stadiums, and a Purpose Build Golf Course.

Facilities:
1. Prayer Room on Ground Floor
2. Gymnasium
3. Swimming Pool
4. Jacuzzi
5. Steam & Sauna
6. All Apartments Fully Furnished
7. Fitted Kitchens with 4 appliances ( microwave, washing machine, fridge & oven )
8. Wooden Flooring in Master Bedrooms for 1 beds & 2 Beds only
9. Central Air Conditioning
10. 4 High Speed Elevators

from : http://www.findmeapropertyindubai.com/elite_4_sports_residence.asp

Found also this : Other elite towers sold out..

http://www.dubaipropertykeys.com/admin/images/temp/6971203428481_p1_Location-Map.JPG

Good news :cheers:

can anyone confirm the price per sqft., the buliding looks nice, but i wonder if it will be a good investment or not, as there are other attractive projects with a better return i think.

^^
I agree. The motor city by Union Properties has apartments starting from Dhs 850 per sq foot in the latest release. And the completion date is mid to end 2008.

^^ Congrats :banana: looks like a good purchase. Location is good for Sports City.

do they provide Residency visa with this development?

i have just called triplanet, and they confirmed that they started the piling works for elite 4 . can anyone in dubai confirm this?

i have just called triplanet, and they confirmed that they started the piling works for elite 4 . can anyone in dubai confirm this?

construction hasent started in any elite project in sports city , they very good in digging holes in ground . i ithnk they wont start the construction till they recieve 80% of payment. than maybe they will ask us to take the orignal money back and sell the land at a premiam.

Dear People,

Let us keep one thread for all of Elite Towers, atleast from Towers 1-6. Please join this thread and send me your personal email id's for taking up the matter further.

http://www.skyscrapercity.com/showthread.php?t=449442&page=4

If the issues gets resolved then we can have discussions in separate threads. What do you think ?

Best Regards,

Naukhez

I just received a one page monthly report from Triplanet for Elite4. it confirms that they will be on programme and will complete the building by 31 of march 2010 i.e. 2 months ahead of schedule (inshalla). but we all know that things will go behind very easily. So let’s keep the pressure on and try to get the dates of the main milestones from their construction programme. e.g. date of completing the piling, Raft, basement, car park levels, level 1-4, level 4 to level 6, MEP installation, Facade etc. and only then we will know if the building progress matches the progress on the pictures or they are falling behind. For a 13 floors building, it is very possible to complete in the remaining 17 months if they go at full blast from now.

Construction Update --- February/2009

http://www.elite-sports-residence.com/images/project/reports/E4ProgFeb.jpg

http://www.elite-sports-residence.com/imgsize.php?w=360&h=350&constrain=1&img=images/project/construction/elite41.jpg

http://www.elite-sports-residence.com/imgsize.php?w=360&h=350&constrain=1&img=images/project/construction/elite42.jpg

http://www.elite-sports-residence.com/imgsize.php?w=360&h=350&constrain=1&img=images/project/construction/elite44.jpg

http://www.elite-sports-residence.com/details.php?ID=4

Hi Friends,
I bought a apartment in the elite 4 in Aug 2008. I am thinking of selling it. Any ideas about the price. I have paid 50% of the cost. Elite 4 owners and others plz advise.
Regards,
Shahnawaz, pakistan.

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/332_93.jpg

Thanks for posting these Bizzy. Basically no work done since February on the majority of the Elite sites.

Dear People,

Let us keep one thread for all of Elite Towers, atleast from Towers 1-6. Please join this thread and send me your personal email id's for taking up the matter further.

http://www.skyscrapercity.com/showthread.php?t=449442&page=4

If the issues gets resolved then we can have discussions in separate threads. What do you think ?

Best Regards,

Naukhez


Dear Naukhez,

I have been through all the posts that you have posted, I find you the culprit for creating negative impact on all the ELLITE investors, don't you realize that we are part of ELITE and it belongs to US ? By creating this mess it may harm out investments and at the end we may be the loosers, and because of your negative attitude others may also suffer. I advise you to be positive.
I know them very well and I can guarantee that they mean 100% sure of building their all 7 projects, and I am shocked that being part of ELITE how can you do such thing which can harm all of us. We should not disturb them and help them at this time of ECONOMY CRUNCH.

PLEASE NOTE ELITE BELONGS TO US AND NOT TO TRIPLANET.

RGDS

:tiasd:Dear Naukhez,

I have been through all the posts that you have posted, I find you the culprit for creating negative impact on all the ELLITE investors, don't you realize that we are part of ELITE and it belongs to US ? By creating this mess it may harm out investments and at the end we may be the loosers, and because of your negative attitude others may also suffer. I advise you to be positive.
I know them very well and I can guarantee that they mean 100% sure of building their all 7 projects, and I am shocked that being part of ELITE how can you do such thing which can harm all of us. We should not disturb them and help them at this time of ECONOMY CRUNCH.

PLEASE NOTE ELITE BELONGS TO US AND NOT TO TRIPLANET.
http://www.skyscrapercity.com/images/smilies/tiasd.gif
RGDS

To Ground Work ..

http://www.elite-sports-residence.com/details.php?ID=4

JUST RECEIVED THIS MONTH'S PROGRESS REPORT. THEY SEEM TO HAVE HALTED THE WORKS ON ELITE4 FOR SOME REASON. NO NEW PICTURES POSTED AND THE DEVELOPER IS NOT RESPONDING TO MY EMAILS TO GIVE EXPLANATION. THIS COMES AFTER WE THOUGHT THAT THEY ARE MOVING AND WE CAN SEE THE LIGHT AT THE END OF A VERY LONG AND DARK TUNNEL, BUT THE LIGHT APPEARS TO BE AN INCOMING TRAIN.

I believe they have moved the work to Elite7 because they don't want to return or consolidate the money.

JUST RECEIVED THIS MONTH'S PROGRESS REPORT. THEY SEEM TO HAVE HALTED THE WORKS ON ELITE4 FOR SOME REASON. NO NEW PICTURES POSTED AND THE DEVELOPER IS NOT RESPONDING TO MY EMAILS TO GIVE EXPLANATION. THIS COMES AFTER WE THOUGHT THAT THEY ARE MOVING AND WE CAN SEE THE LIGHT AT THE END OF A VERY LONG AND DARK TUNNEL, BUT THE LIGHT APPEARS TO BE AN INCOMING TRAIN.

Yes there was some halt, and they are saying it is only for the matter of days, now they have clearance from Dubai Municipality, and are going on again. They promised to email all investors the updates. Relax, there is no point to hold at this moment when major steel work done. Also please don't try to push them much becuase there are many investors who cannot pay accordingly. Try to be co-operative.

^^you cant push them even if you tried!! they have been working in that frigin whole for the past 12 months, and my worry is if they cant take advantage of the current labour availability and cheap material costs then they will be caught when the market hots up again and will not have enough money to fiish it. remember they are still spending our monies on thier overheads. this works is done by a dripper and will not finish for another 2 years, so dont worry about the inevstors/flippers installmets etc. Yes there was some halt, and they are saying it is only for the matter of days, now they have clearance from Dubai Municipality, and are going on again. They promised to email all investors the updates. Relax, there is no point to hold at this moment when major steel work done. Also please don't try to push them much becuase there are many investors who cannot pay accordingly. Try to be co-operative.

^^you cant push them even if you tried!! they have been working in that frigin whole for the past 12 months, and my worry is if they cant take advantage of the current labour availability and cheap material costs then they will be caught when the market hots up again and will not have enough money to fiish it. remember they are still spending our monies on thier overheads. this works is done by a dripper and will not finish for another 2 years, so dont worry about the inevstors/flippers installmets etc.

You certainly cant push the Developer anymore! They have your money and that is more than anything for them in times of recession! 'Market hots up?' - That wont happen for next decade. The total debt of Dubai is 80 billion dollars and Nakheel has to pay 20 billion dollars on 15 December; and Limitless by 28 December!

You certainly cant push the Developer anymore! They have your money and that is more than anything for them in times of recession! 'Market hots up?' - That wont happen for next decade. The total debt of Dubai is 80 billion dollars and Nakheel has to pay 20 billion dollars on 15 December; and Limitless by 28 December!

I really can't understand that why many people have negative thinking. Our money their money debt of 80 Billion etc., just look at our surroundings, look at our business, look at our jobs, look around whats going on, the whole world is in problem, USA, UK, FRANCE, SINGAPORE, INDIA, PAKISTAN ETC. ETC. on top of it, we have not paid them any money from almost a year and more, and they are still working on it, whether slow or fast, if they have wrong intentions then why are they working. I really appreciate their patience. Dubai debts etc. is not their fault. I have seen many times world's recession, there are always ups and downs, it doesn't mean sitting on the net and passing comments about the decades etc., if were that smart about prediction, then we should't have invested a single money anywhere. Even top bankers, money lenders etc. who were lending the money, even those people's prediciton went wrong. My advise is just wait and see, don't pass the comments which may harm our investments. There are many of us who have no money to pay further, or looking for some more time, so they can continue with payments, so at this moment we all have to go slow and steady. That's all.

can somebody tell me the total number of units in this tower? I'm unable to find information on the net.

^^Gentlemen

It’s not about being smart now and making comments on the internet. if you purchased a unit or 2 in march 2008 and expected to move in by end of 2009, but by now you find yourself still waiting for God knows how long, your money is locked, you cant sell even at loss and no signs for an end for this sad situation, then you will understand that for the majority of us the only way forward is to have these damn buildings completed as soon as possible and hope to live in them, rent them or sell them. Any delays in getting a fast completion is bad for the developer’s reputation, future interest in off plan and potential capital loss due to the fast depreciation of real estate value and inflation.

Yes we appreciate their patience and commitments, but we can’t cash these noble gestures in the bank. We have a contract that applies to me and the developer, and I have fulfilled my obligation by paying. The ball is in their courts to deliver them in accordance with the same contract. But there is no way that they can achieve this and hence our pressure with the full knowledge that they will fail to deliver on time and RERA will not do anything about it and we would not get any delay penalties or discounts. We are in a loss/loss situation no matter how you look at it, but we will have to just shut up and put up with it.


I really can't understand that why many people have negative thinking. Our money their money debt of 80 Billion etc., just look at our surroundings, look at our business, look at our jobs, look around whats going on, the whole world is in problem, USA, UK, FRANCE, SINGAPORE, INDIA, PAKISTAN ETC. ETC. on top of it, we have not paid them any money from almost a year and more, and they are still working on it, whether slow or fast, if they have wrong intentions then why are they working. I really appreciate their patience. Dubai debts etc. is not their fault. I have seen many times world's recession, there are always ups and downs, it doesn't mean sitting on the net and passing comments about the decades etc., if were that smart about prediction, then we should't have invested a single money anywhere. Even top bankers, money lenders etc. who were lending the money, even those people's prediciton went wrong. My advise is just wait and see, don't pass the comments which may harm our investments. There are many of us who have no money to pay further, or looking for some more time, so they can continue with payments, so at this moment we all have to go slow and steady. That's all.

^^Gentlemen

It’s not about being smart now and making comments on the internet. if you purchased a unit or 2 in march 2008 and expected to move in by end of 2009, but by now you find yourself still waiting for God knows how long, your money is locked, you cant sell even at loss and no signs for an end for this sad situation, then you will understand that for the majority of us the only way forward is to have these damn buildings completed as soon as possible and hope to live in them, rent them or sell them. Any delays in getting a fast completion is bad for the developer’s reputation, future interest in off plan and potential capital loss due to the fast depreciation of real estate value and inflation.

Yes we appreciate their patience and commitments, but we can’t cash these noble gestures in the bank. We have a contract that applies to me and the developer, and I have fulfilled my obligation by paying. The ball is in their courts to deliver them in accordance with the same contract. But there is no way that they can achieve this and hence our pressure with the full knowledge that they will fail to deliver on time and RERA will not do anything about it and we would not get any delay penalties or discounts. We are in a loss/loss situation no matter how you look at it, but we will have to just shut up and put up with it.

Sorry to interfere, I also agree with you all, but as far as my opinion, why are we blaming each others or the developer, the world has collapsed, not only real estate loss, you can see many big and giant stores closing down etc. etc. each and every field gone down. Car, hotel, airline, you just name it.
We should consider ourselves luck that we invested in Dubai, where at least government is concerned, RERA is there, no fee nothing just go there and they there, they pushed all the developer to start construction etc., they worked as mediator, and we can see the difference that for year and more many of us didnot pay a single fils, but developer could not cancel it. I also have investment in Malaysia, the value of the off plan is less then 50% now, and the project started one and half year late, and there is nobody there to help me. Further to say that I also have one ready apartment STUDIO in International city for AED 575,000/- at same time when I invested in ELITE 4, 2 apartments, now the price of International city is hardly 320,000/- meaning I lost almost 40-50%, so as per my calculation price of my ELITE properties has not gone down that much, only the difference at the moment there is no buyer for off plan property. Further I even sold my one 2-bedroom apartment in ELITE-4 for the premium of 300,000 in July 2008. I didnot go and share with them profit. So we should not blame anyone and instead take care of our investments. As you know recently there was cricket match T20. And felt so good that ELITE locations are just excelent. I still can't understand how they can manage to get these beautiful locations. Dear friends just relax and wait and see, and nothing else we can do.
As far as Dubai news in concerned. I am comfortable as this country will cover back faster then any other country. You can see the infrastructure, The ROADS, HIGHWAYS 7 LANE EACH SIDE, THE METRO, AIRPORT TERMINAL 3, and many more to come.

^^Sorry to interfere, I also agree with you all, but as far as my opinion, why are we blaming each others or the developer, the world has collapsed, not only real estate loss, you can see many big and giant stores closing down etc. etc. each and every field gone down. Car, hotel, airline, you just name it.
We should consider ourselves luck that we invested in Dubai, where at least government is concerned, RERA is there, no fee nothing just go there and they there, they pushed all the developer to start construction etc., they worked as mediator, and we can see the difference that for year and more many of us didnot pay a single fils, but developer could not cancel it. I also have investment in Malaysia, the value of the off plan is less then 50% now, and the project started one and half year late, and there is nobody there to help me. Further to say that I also have one ready apartment STUDIO in International city for AED 575,000/- at same time when I invested in ELITE 4, 2 apartments, now the price of International city is hardly 320,000/- meaning I lost almost 40-50%, so as per my calculation price of my ELITE properties has not gone down that much, only the difference at the moment there is no buyer for off plan property. Further I even sold my one 2-bedroom apartment in ELITE-4 for the premium of 300,000 in July 2008. I didnot go and share with them profit. So we should not blame anyone and instead take care of our investments. As you know recently there was cricket match T20. And felt so good that ELITE locations are just excelent. I still can't understand how they can manage to get these beautiful locations. Dear friends just relax and wait and see, and nothing else we can do.
As far as Dubai news in concerned. I am comfortable as this country will cover back faster then any other country. You can see the infrastructure, The ROADS, HIGHWAYS 7 LANE EACH SIDE, THE METRO, AIRPORT TERMINAL 3, and many more to come.

I am not blaming anyone here. I have entered into this investment with the full knowledge of the risks; we are only having a deference of opinion when it comes to priorities.

When I purchased a unit I considered it to be an investment and I was not interested in making profit or in quick selling, and when I signed a contract it said that my investment would mature by end 2009, but to date one party who also signed the same contract is not honoring his obligation. It’s like you put a sum of money into a saving deposit at any bank with 4% interest/profit per annum and by the end of the year the bank tells you sorry I can’t pay your 4% and you have to wait for few more years because the whole world is collapsing around us.

For your information Triplanet have no loans and they have collected more than 60% of the total cost of the elite 1-7. Therefore they are unlikely to collapse like some of the big names that you emtioned. Furthermore if any developer does collapse then I would doubt that RERA or the Government would save us, they already washed their hand from Nakheel and they will do nothing but to tell you to go to court. If we don’t push the developer to expedite then we will all stand to lose, the flipper before the genuine investor. They have no reason not to push hard and hand over the units, as this is the best time to do it because the construction material and labour are available and cheap.

^^

I am not blaming anyone here. I have entered into this investment with the full knowledge of the risks; we are only having a deference of opinion when it comes to priorities.

When I purchased a unit I considered it to be an investment and I was not interested in making profit or in quick selling, and when I signed a contract it said that my investment would mature by end 2009, but to date one party who also signed the same contract is not honoring his obligation. It’s like you put a sum of money into a saving deposit at any bank with 4% interest/profit per annum and by the end of the year the bank tells you sorry I can’t pay your 4% and you have to wait for few more years because the whole world is collapsing around us.

For your information Triplanet have no loans and they have collected more than 60% of the total cost of the elite 1-7. Therefore they are unlikely to collapse like some of the big names that you emtioned. Furthermore if any developer does collapse then I would doubt that RERA or the Government would save us, they already washed their hand from Nakheel and they will do nothing but to tell you to go to court. If we don’t push the developer to expedite then we will all stand to lose, the flipper before the genuine investor. They have no reason not to push hard and hand over the units, as this is the best time to do it because the construction material and labour are available and cheap.

Dear Friend, I am with you not 100% but 110%. I can see easily now how people can just assume and start writing on net. How can you say 60% of all the projects, I myself paid only 50% in Elite 2, and 40% in Elite-4, and there are many who may paid less and some paid more also. Nothing to argue. They are doing work on all projects, you can see from latest updates of all Elite. Sitting and typing and giving our own opinions or coming to conclusions will not work, we may give wrong impressions to other investors. As for my case alone, I have not paid them since last 14 months for Elite-2, I don't want to convince you and anybody, but my thinking says that if they were not genuine then why they are on with all the projects. I am much and much satisfied with them. If somebody is clear then don't hassle them, just be with them. FYI My friend bought the flat in Sharjah AL-RUND tower, they got 75% from him, project supposed to be delivered Aug 2008, chances of handover may be 3-4 months more to go, meaning delay around 2 years. He paid another AED 100,000/- for his rent where he is staying. What to say. Dear friends, these are off plan investments, and risks are always there, nobody can do anything, because we have to pay for 2 years on TRUST, and nothing else, RERA, COURT, POLICE nobody got any system to control. It is clearly understood that we are risking our investments. If we want to have property without risk then we should buy ready property, in that case we prepare managers cheque first and get the property transfered to our name.
And if they took more money from us and building at this time of crises, meaning their company policy was better then any other big developer, whereas Triplanet built their reserves, and not using out for other private investments, or playing with our money investing here and there.

My impression is that they are only the one who got all their projects in Dubai Sports City and nowhere else, all good locations, all projects going on at this time of cirses. Good reports from RERA, BANK, SPORTS CITY. When we call them, gets response, ready to take you at site, pick you from hotel, office etc. I have never seen these kind of developer in my life. This is not to convince you, you can see by yourself through out UAE, Malaysia, and other parts of the world. If they complete these projects, they will be considered as 5 star developers. Lets help them, call them, appreciate them, by doing this they will get more confidence at this time of crises, and we also can sleep well once we gets with them.

I am sorry to write that much, but I am really concerned for all of our investors, because many of us finding difficulty in paying that fast. These delays may be blessing for few of us also.

^^
Fair enough. I know exactly what you mean and I also agree with some of your comments. I am not trying to make a bad publicity, because will be the first to loose.

I will also not argue about what % they have already collected. My worry is that half of the investors are cash buyers and they will not be able to wait for 2 years to receive the keys. They will simply move their cash to other investments and fail to meet their payments when due in say 8 moths i.e. they intentionally default.

This is because the returns on their “future investment” whatever that may be will more than offset their 40% or 50% already paid into Elite. Then the developer will not have enough liquidity to complete the project due to the defaults and also finds himself unable to resell the repossessioned units because of the bad market condition for off plan project, plus a lot of struggling investors will default for a reason or another . This pattern has already emerged in Ajman’s Emirate city and Humid City and you may have heard of Al Rashid problems. If this happens in Dubai then we will all end up in deep mud. That is why we need to strike a balance to keep the cash buyers and other struggling investors happy. Ok, I don’t mind a bit of a delay in order it give some of the investors a breathing space as you suggested, but I do mind when the progress is a joke and a mere token gesture.

Dear Friend, I am with you not 100% but 110%. I can see easily now how people can just assume and start writing on net. How can you say 60% of all the projects, I myself paid only 50% in Elite 2, and 40% in Elite-4, and there are many who may paid less and some paid more also. Nothing to argue. They are doing work on all projects, you can see from latest updates of all Elite. Sitting and typing and giving our own opinions or coming to conclusions will not work, we may give wrong impressions to other investors. As for my case alone, I have not paid them since last 14 months for Elite-2, I don't want to convince you and anybody, but my thinking says that if they were not genuine then why they are on with all the projects. I am much and much satisfied with them. If somebody is clear then don't hassle them, just be with them. FYI My friend bought the flat in Sharjah AL-RUND tower, they got 75% from him, project supposed to be delivered Aug 2008, chances of handover may be 3-4 months more to go, meaning delay around 2 years. He paid another AED 100,000/- for his rent where he is staying. What to say. Dear friends, these are off plan investments, and risks are always there, nobody can do anything, because we have to pay for 2 years on TRUST, and nothing else, RERA, COURT, POLICE nobody got any system to control. It is clearly understood that we are risking our investments. If we want to have property without risk then we should buy ready property, in that case we prepare managers cheque first and get the property transfered to our name.
And if they took more money from us and building at this time of crises, meaning their company policy was better then any other big developer, whereas Triplanet built their reserves, and not using out for other private investments, or playing with our money investing here and there.

My impression is that they are only the one who got all their projects in Dubai Sports City and nowhere else, all good locations, all projects going on at this time of cirses. Good reports from RERA, BANK, SPORTS CITY. When we call them, gets response, ready to take you at site, pick you from hotel, office etc. I have never seen these kind of developer in my life. This is not to convince you, you can see by yourself through out UAE, Malaysia, and other parts of the world. If they complete these projects, they will be considered as 5 star developers. Lets help them, call them, appreciate them, by doing this they will get more confidence at this time of crises, and we also can sleep well once we gets with them.

I am sorry to write that much, but I am really concerned for all of our investors, because many of us finding difficulty in paying that fast. These delays may be blessing for few of us also.

Smith you seems to have a regular communnication with the developer which is a good thing. What is your impression when can Triplanet complete their first project?
Once they have completed at least one project, the investor will be more calm and I think they will also start to pay in.

Dear Friend, I am with you not 100% but 110%. I can see easily now how people can just assume and start writing on net. How can you say 60% of all the projects, I myself paid only 50% in Elite 2, and 40% in Elite-4, and there are many who may paid less and some paid more also. Nothing to argue. They are doing work on all projects, you can see from latest updates of all Elite. Sitting and typing and giving our own opinions or coming to conclusions will not work, we may give wrong impressions to other investors. As for my case alone, I have not paid them since last 14 months for Elite-2, I don't want to convince you and anybody, but my thinking says that if they were not genuine then why they are on with all the projects. I am much and much satisfied with them. If somebody is clear then don't hassle them, just be with them. FYI My friend bought the flat in Sharjah AL-RUND tower, they got 75% from him, project supposed to be delivered Aug 2008, chances of handover may be 3-4 months more to go, meaning delay around 2 years. He paid another AED 100,000/- for his rent where he is staying. What to say. Dear friends, these are off plan investments, and risks are always there, nobody can do anything, because we have to pay for 2 years on TRUST, and nothing else, RERA, COURT, POLICE nobody got any system to control. It is clearly understood that we are risking our investments. If we want to have property without risk then we should buy ready property, in that case we prepare managers cheque first and get the property transfered to our name.
And if they took more money from us and building at this time of crises, meaning their company policy was better then any other big developer, whereas Triplanet built their reserves, and not using out for other private investments, or playing with our money investing here and there.

My impression is that they are only the one who got all their projects in Dubai Sports City and nowhere else, all good locations, all projects going on at this time of cirses. Good reports from RERA, BANK, SPORTS CITY. When we call them, gets response, ready to take you at site, pick you from hotel, office etc. I have never seen these kind of developer in my life. This is not to convince you, you can see by yourself through out UAE, Malaysia, and other parts of the world. If they complete these projects, they will be considered as 5 star developers. Lets help them, call them, appreciate them, by doing this they will get more confidence at this time of crises, and we also can sleep well once we gets with them.

I am sorry to write that much, but I am really concerned for all of our investors, because many of us finding difficulty in paying that fast. These delays may be blessing for few of us also.

You are right. I think you are more concerned about your's and other's investments. You have much knowledge about the market and the developer. I suggest to start paying them according to their new payment plans, so that they can get the money and gain more confidence. I have complete faith on them, as in the past they used the reserves when nobody was paying. I have a doubt that might have even pumped in their own finance too, as what I have heard from their bankers. If they have good reserves then they can speed up the work.

Please don't mind if I am wrong, as this is my assumptions.

You are right. I think you are more concerned about your's and other's investments. You have much knowledge about the market and the developer. I suggest to start paying them according to their new payment plans, so that they can get the money and gain more confidence. I have complete faith on them, as in the past they used the reserves when nobody was paying. I have a doubt that might have even pumped in their own finance too, as what I have heard from their bankers. If they have good reserves then they can speed up the work.

Please don't mind if I am wrong, as this is my assumptions.

Thanks, I am only concerned that when deveoper is constructing, then it is our responsibility to pay them on time and also help them moraly to build their confidence enabling them to continue with constructions, this is the only last resort left for us. I appeal to all the ELITE investors to visit them or email them for our support to them. By doing this, we will see our investments turning into reality infront of our eyes.

why the progress on E4 is slower than E5 and E6. i thought they started E4 before the other 2?

why the progress on E4 is slower than E5 and E6. i thought they started E4 before the other 2?

You are right. ELITE 4 is bit slow. At that time when I asked the developer about the delay, they said that there was some problem to get approval for additional parking floor. Now they got approval and will try to cover the time lost by going fast.

When I visited last, I saw they have increased labour force on all the Elite projects. I think they are really serious with their projects and we all have to help them to gain each other's confidence.

February 2010

To UNDER C ...

http://www.elite-sports-residence.com/imgsize.php?w=360&h=350&constrain=1&img=images/project/construction/elite4-1.jpg

http://www.elite-sports-residence.com/imgsize.php?w=360&h=350&constrain=1&img=images/project/construction/elite4-4.jpg

http://www.elite-sports-residence.com/details.php?ID=4

pic via 234 sale.
[QUOTE=Admin;1316]http://i53.tinypic.com/28hzdj8.jpg

Different angle, curves...I can't tell if this is the same or not..can anyone recognise this being Elite 4?

http://www.skyscraperlist.com/showthread.php?496-ELITE-4-SPORTS-RESIDENCE-12F-Res-m

pic courtesy 234Sale

#UNDER C !

Anybody seeking to employ the services of Mr Sunil Thacker needs to be a ware that this man was given the sack from the law firm TLG. He was given the sack for ill advising and misleading clients as well as making promises that were not true. This man is a crooked cheat and will seek to take advantage of desperate investors. Everybody needs to be warned.

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/332_93.jpg

please change status to "Topped Out"

Fellow investors

Those investors how are paying for Elites 3 , 5 and 6 should stop paying any further instalments for just empty concrete shell.
Triplanet has just shown its ugly face and it it’s disturbing.
Today I just received the progress report to date for Elite 4, which shows no progress from August 2011.
in the past they have done 2 floors in a month to rake as much as the installment as possible and now they can’t put one nail on a wall in 2 months.
The project has now stopped and there is no way they can complete in summer 2012.
All above project will face the same fate.
Please force them to link your payments to the progress of the block work, mechanical, electrical , window & doors etc.
Be careful guys

Painfully slow progress. At leat 18 months at this rate:bash:

At least Triplanet completed Elite 1 and what I hear - up to very high standards. Have you talk to them for some compenastaion/ or even a refund?

Has anyone else received a notice of default? If so, please pm me. Thanks

Has anyone tried to get a refund in this project?

last update Sept-2010

can anyone confirms if this project is dead or alive?

is there any work on site

can anyone confirms if this project is dead or alive?

is there any work on site

I think they will complete Elite Sports 2 (next to Elite 1 ,which looks great imo ,inside and out) then move on to Elite 4 next ,why well from memory this was the next one to be U/C so....?

Keep the faith..!

:cheers:

http://i1095.photobucket.com/albums/i480/amplesou/Dubai%20August%20%202012/IMG_0163.jpg

Can't seem to find any recent Choppershoot updates on DSC, anyone know why?

May be there are ni updates? Has someone been physically to the DSC to confirm if there is any progress in building work?

Triplanet has not posted any updates since May to any of their projects....http://www.elite-sports-residence.com/construction%20gallery.html

I don't think they are building at this stage...May be is something to do with the Land Department review....

Not sure if the review by lands department will make any difference - if it's this new law it was not retrospective and only applied to new purchases once introduced (there has been no further word of that happening) that was my understanding maybe someone can correct me however that is what the impression it gave.

May be there are ni updates? Has someone been physically to the DSC to confirm if there is any progress in building work?

Triplanet has not posted any updates since May to any of their projects....http://www.elite-sports-residence.com/construction%20gallery.html

I don't think they are building at this stage...May be is something to do with the Land Department review....

as i said ,keep an eye on Elite 2 ..that is the one they are concertrating on .. other Elite,s are topped out other than 5 and 7 ..

i think they will do them in sequence...
:)

No one has heard from Lands Department re new law, all gone quiet, nothing said, silence only!! Interesting the TriPlanet website is dated 2008 and it's rights reserved (at bottom). Anyone see this? Most (current) websites go into present time, any idea why this hasn't been updated since 2008??

When I was talking about the Land Department review, I meant the review of all projects with consideration on cancellation of unviable projects. I still think something is going on there and that is why there is no much happening now (appart of preparing the pitches for the cricket :cheers:)

As concern the Triplanet website, it was updated last year..I am not sure why is saying 2008 but this is all new site.

http://www.coldwellbanker-ae.com/en/res/response-from-rera-list-of-cancelled-projects.html


As stated by Marwan Bin Ghalita, the CEO of Dubai’s Real Estate Regulatory Agency (RERA,)“Dubai is like a movie star, and just like a movie star everyone is looking at us, adding more pressure.”
He explained that Dubai’s success it now being targeted by false rumors about cancellations of property projects in the city. There are several sources of statistics claiming different totals to the value of cancelled projects in Dubai. The HSBC report said that $75 billion worth of projects are being canceled in the UAE, however a Morgan Stanley report concluded a total of $263 billion.
A concern about an issued list that was being circulated was addressed in an interview with Al Bayan. RERA’s CEO, denied the credibility of this list simply because it was not issued by RERA or the Land Department or any other official authoritative body. He says the market is still being studied.
“We understand the feelings of worry resulted from the impact of the global financial crisis but we are against the unjustifiable panic, exaggeration and hitting under the belt by some for the sake of making illegitimate ends,” he added.
As the list may be inaccurate, there is still some truth in it that several projects have been cancelled, jobs being laid off in the property sector and financial institutions such as HSBC and Morgan Stanley having already produced their lists.
While the list currently being circulated is possibly inaccurate we can only await the official list from RERA which is expected to come out sometime soon. Currently on the RERA website, one can view the Project Progress reports. As stated on their website, the list is not complete but is constantly being updated.

Where's this mysterious list?

http://www.emirates247.com/property/cancelled-ajman-projects-list-soon-2011-09-18-1.418956

18 Sept 2011 - Although Dubai’s Real Estate Regulatory Agency (Rera) has refrained from making public the list of cancelled projects, in June the Dubai government’s bond prospectus posted on the London Stock Exchange revealed that 217 property projects had been cancelled as of May 31.

http://www.constructionweekonline.com/article-12834-the-a-z-of-construction-projects-on-hold-in-dubai/5/

Lots on hold in DSC, what does that mean, in the running for the cancellation stakes...no mention of Elite 5 on hold, yet no further construction since May 2012 from the website info...not sure what it all means, RERA knows don't they?:dunno::dunno::dunno:

Elite 5 has stopped construction about 18 m ago. The recent report indicated slight progress but since May (as you mentioned) nothing has been done but again this is for all Triplanet projects. It is hard to know what is happening in DSC since my observations is that there is not much happening since May 2012. Is this due to the summer heat? (but during the cooler months was the same) or may be with the cancelled projects?

The question really remains, why the Government does not provide this list? They cannot keep the money for ever, can they?

Elite 5 has stopped construction about 18 m ago. The recent report indicated slight progress but since May (as you mentioned) nothing has been done but again this is for all Triplanet projects. It is hard to know what is happening in DSC since my observations is that there is not much happening since May 2012. Is this due to the summer heat? (but during the cooler months was the same) or may be with the cancelled projects?

The question really remains, why the Government does not provide this list? They cannot keep the money for ever, can they?

Workers on Elite 2 ..when i visited and i was only there at that weekend

ELITE 7 is supposed to be O/H,but slight progress there from time to time..

Elite 3/4/6 will be the ones to start , in the new year as 2 gets completed ..imo ????

Clearly they are opperating with some capital..but if too many investors just walk away..then they may try a cash call to exsisting investors like memon did..but that can damage reputation so..

Banks are starting to lend again ,are they lending to developers ?(what with there dodgy reputation ! )
:cheers:

Kamenoff, i like what triplanet are doing in DSC.

Elite 1 is,nt the best location but the finish puts alot of the stuff in the marina to shame..

Going to be, tons of over supply in DSC for many a years, with the amount of apartments being built there..and most will only be half full at best.
Buyers / Renters market.and unless you did your home work and have good position / views / size / finish,, in that order you will struggle imo ...
:)

How is it that the master developer isn't completing the infrastructure (stadiums and shopping mall) as promised, oh and yes CRW still there uncompleted (master developer) and what about the Gallery Villas (master developer)...oh that's right people did do their homework here?

Elite 5 has stopped construction about 18 m ago. The recent report indicated slight progress but since May (as you mentioned) nothing has been done but again this is for all Triplanet projects. It is hard to know what is happening in DSC since my observations is that there is not much happening since May 2012. Is this due to the summer heat? (but during the cooler months was the same) or may be with the cancelled projects?

The question really remains, why the Government does not provide this list? They cannot keep the money for ever, can they?

Now on the twelve floor

http://www.thefirstgroup.com/thebridge/construction-status.php

one of the construction pics here shows the building
:)

Great progress here ..

http://img600.imageshack.us/img600/843/img0534pl.jpg (http://imageshack.us/photo/my-images/600/img0534pl.jpg/)

Building most extreme Right..

Third Elite building to be handed over,in just six months..?

:cheers:

http://www.thefirstgroup.com/

Sorry about the quality

Kamenoff where are you...is this your one?

http://img844.imageshack.us/img844/6600/img0533rq.jpg (http://imageshack.us/photo/my-images/844/img0533rq.jpg/)

There are 18 photos here on their website...just use the link below it will take you straight there...the photos are very clear here...it says also "hear completion"!

http://www.elite-sports-residence.com/elite4.html

http://i47.tinypic.com/3133tyh.jpg

^^^^^^^^^^^^^^^^
Here is picture no 1....a lot clearer...there are 17 left to see on their website
which are much clearer also!

You can also see Oasis Tower 1 on the righthandside at rear!

Sorry about the quality

Kamenoff where are you...is this your one?

http://img844.imageshack.us/img844/6600/img0533rq.jpg (http://imageshack.us/photo/my-images/844/img0533rq.jpg/)

Triplanets,s construction updates, out of date on all Elite Developments under construction in DSC

http://www.elite-sports-residence.com/elite4.html

:)

This one one has a long way to go yet....the pictures are all clear which are approximate. Not blurred...shows approximately.. They are not dated that's Triplanet's problem for not doing it.... Still slow progress overall, that's the main theme here in DSC and has been for years......and if people are in denial then their problem!

http://i47.tinypic.com/3133tyh.jpg
That's it looking straight ahead in picture...it's the only one you can't miss it!
^^^^^^^^^^^^ as clear as a bell here and from their website...
http://www.elite-sports-residence.com/elite4.html

There are 17 more pictures there for all to see...no need to continue repeating on tiny pic...go to website and look if interested in your project.

Great progress here ..
http://img600.imageshack.us/img600/843/img0534pl.jpg (http://imageshack.us/photo/my-images/600/img0534pl.jpg/)
http://www.thefirstgroup.com/

Should be handed over in next 2/3 months from my source in Dubai

WOW!

http://www.elite-sports-residence.com/e4-1.html

Website says "near completion"....jeepers it's taken already 4 months from date of this report was only a few things to do back then....come on what's taking all this time!:bash:

Just received the handing over notice.
Going to Dubai next week to collect the keys .

The project is complete.
This project should be under Completed projects in DSC now

Congratulations! See if you can post the pics of your apartment when you get there next week...would be nice to see the finish inside!

Three Elite ,s completed in the last 9 months....four to go !

As requested some pictures of Elite 5. Works are on-going on-site which must be a good sign.

http://imageshack.us/scaled/large/14/sam1860f.jpg (http://imageshack.us/photo/my-images/14/sam1860f.jpg/)

http://imageshack.us/scaled/large/208/sam1859r.jpg (http://imageshack.us/photo/my-images/208/sam1859r.jpg/)

http://imageshack.us/scaled/large/12/sam1858mu.jpg (http://imageshack.us/photo/my-images/12/sam1858mu.jpg/)

http://imageshack.us/scaled/large/850/sam1857z.jpg (http://imageshack.us/photo/my-images/850/sam1857z.jpg/)

http://imageshack.us/scaled/large/515/sam1856.jpg (http://imageshack.us/photo/my-images/515/sam1856.jpg/)

http://imageshack.us/scaled/large/713/sam1855l.jpg (http://imageshack.us/photo/my-images/713/sam1855l.jpg/)

http://imageshack.us/scaled/large/542/sam1854l.jpg (http://imageshack.us/photo/my-images/542/sam1854l.jpg/)