Hello every investors on Marjan Island.
I just comming back of the nice place!!! Wauh!! the Island is so beautifull !!!and big!!!
The mens are hard working on the Pacific Project. Oh it was so hot!!!!
The beach for the buldings is so graet and white sand Oh !!!all off us can be happy to have invest there!!!Buth we must take us time there is also a lot off work on the Island so I think when the first projects are finish we go be there different years with works arround us!! Buth that is normall look the Palm in Dubai there are still a lot off works on it Also on the entrance off the Island the project off Rakeen is verry progressing many people at working.
The project La Hoya on both site off the route you can see that they have do a lot off work buth now at the moment I was there ,there was nobody on the site!!! I have also see any other projects progessing in the far buth we aren't go closer because the driver off Select Group hasen't so much time ore it was to hot!!so i don't know the names off thats projects.I will put the foto's leather on this site.



Hi EOS, thanks for the info. Cant help but notice your message seems to have a familiar tone to it.

Hmmmmmmm almost sounds like you got a Manchester accent:hm:

To Mipuri and all the other investers.

I have call Select Property in UK for make an apointment with Select Group in Dubai and they arrange a driver for getting to AL Marjan.

It was so great!!!

Hi Eos - you didnt take any pictures of this "greatness" did you?
Thanks for the update, however I will believe this update when I see pictures (non select pictures)

Hi Eos - you didnt take any pictures of this "greatness" did you?
Thanks for the update, however I will believe this update when I see pictures (non select pictures)

Why the need for pictures every week? Lets face it, it is not going to radically alter from week to week at the moment. I can quite conclusively predict any pictures will be of men in hard hats, sand, sunshine and concrete poles.

Get into the 21st century and someone put a video up!

To Mipuri and all the other investers.

I have call Select Property in UK for make an apointment with Select Group in Dubai and they arrange a driver for getting to AL Marjan.

It was so great!!!

Hi everyone

As well as an apartment at Pacific we have an apartment with SG in the point on dubai marina. A couple of years ago we went out to Dubai when the development was in its early stages and select property arranged for one of their staff members to pick us up from our hotel and take us to the site. He even let us look around his own apartment (in a different development) on the Marina to give us a feel of whta it will be like.

Just give them a call.

Hi everyone

As well as an apartment at Pacific we have an apartment with SG in the point on dubai marina. A couple of years ago we went out to Dubai when the development was in its early stages and select property arranged for one of their staff members to pick us up from our hotel and take us to the site. He even let us look around his own apartment (in a different development) on the Marina to give us a feel of whta it will be like.

Just give them a call.

there is so much praise coming for SP & SG i am not sure why? my problems is Like many other investors we have paid hard earned cash since 2006 for BC to me completed on time but it didnot now same thing is happening with pacific i have paid 30% already on this devalopment and almost all payment should be paid by 1/9/10 do you think this wonderfull people will get this devalopment ready by 2010? no way!
i am not adressing staff from SP&SG office to reply on this thread i am looking for those people who have invested in this dream devalopment there hard earned cash to ask the devaloper to be fair tell us fects donot tell us porkypies .
Mirpuri

Hi everyone

As well as an apartment at Pacific we have an apartment with SG in the point on dubai marina. A couple of years ago we went out to Dubai when the development was in its early stages and select property arranged for one of their staff members to pick us up from our hotel and take us to the site. He even let us look around his own apartment (in a different development) on the Marina to give us a feel of whta it will be like.

Just give them a call.

Its a shame The POINT isn't the same quality as the apartment you were showed around eh ?
- just 5% more money spent would have made all the difference
- crying shame for everyone invested at The POINT hope its different here -we will see

Its a shame The POINT isn't the same quality as the apartment you were showed around eh ?
- just 5% more money spent would have made all the difference
- crying shame for everyone invested at The POINT hope its different here -we will see

Erm, this afternoon I took a trip to to 2012, the Pacific is nearly ready, a final push over the next 6 months and they will be done, oh and yes we had dark brown kitchens and bathrooms with cheap grey granite tops, now I'm sure we have seen this set up before, let me think where I saw it !!!:nuts::nuts::nuts:

Erm, this afternoon I took a trip to to 2012, the Pacific is nearly ready, a final push over the next 6 months and they will be done, oh and yes we had dark brown kitchens and bathrooms with cheap grey granite tops, now I'm sure we have seen this set up before, let me think where I saw it !!!:nuts::nuts::nuts:

i saw it this morning again :lol::lol:

There seem to be a lot of people whinging about wanting to go onto phase-based payment, rather than the payment plan they originally signed up to. Did you not think about this before you invested in the project?

I did - it was one of the specific things in the contract that I wanted to be altered. SP wouldn't allow it though. I had to make the choice as to whether or not I would take the gamble (and people here should also remember that buying offplan is always going to be a gamble) or not. I decided that i would gamble, as I figured that in 5 or 10 years time, it could be a good gamble.

There is no point in whinging, just because you now feel that you have made the wrong descision - if the market had gone up, you wouldn't be writing to SP to insist on moving to phase-based payment, would you?

there is so much praise coming for SP & SG i am not sure why? my problems is Like many other investors we have paid hard earned cash since 2006 for BC to me completed on time but it didnot now same thing is happening with pacific i have paid 30% already on this devalopment and almost all payment should be paid by 1/9/10 do you think this wonderfull people will get this devalopment ready by 2010? no way!
i am not adressing staff from SP&SG office to reply on this thread i am looking for those people who have invested in this dream devalopment there hard earned cash to ask the devaloper to be fair tell us fects donot tell us porkypies .
Mirpuri


im not over the moon with progress at present, but just out of curiosity, does it state completion will be 2010 in your contract? didnt think so... mine's June 2011 and has never changed... they're nevertheless progressing faster than anyone else there with the exception of Rakeens Bab al bahr, will be interesting to see how long before they announce all piling and foundation
work is completed... technically, if they have got their act together, there should be very few delays as it's a relatively low-rise build, i would rather a little delay and a quality finish than the opposite towards the final stages...

im not over the moon with progress at present, but just out of curiosity, does it state completion will be 2010 in your contract? didnt think so... mine's June 2011 and has never changed... they're nevertheless progressing faster than anyone else there with the exception of Rakeens Bab al bahr, will be interesting to see how long before they announce all piling and foundation
work is completed... technically, if they have got their act together, there should be very few delays as it's a relatively low-rise build, i would rather a little delay and a quality finish than the opposite towards the final stages...

as i said above some people are in favor of SP and donot care about thier investment if you remember when you bought this devalopment SP were saying construction will start aug 2008 this statment was so important to many investors including me becuse we were planing to flip and invest some were else like many investors in UAE but as you are aware SP did not have planning permission until april 2009
so tell me who is wrong ?

i have not said my contract mentioned completion 2010 i said if i keep paying as per my contarct i will pay 90% by 2010 and completion will not be completed untill end of 2012 why should we pay 2 years in advance

as for another member says he took gambol to invest in property if i need to gambol i will go to Las Vegas i think it is risky business when you invest in Off plane but it is calculative risk.
i hope some of investors will come forward and make group and take action together i think being single we will not achive any thing
Mirpuri

as i said above some people are in favor of SP and donot care about thier investment if you remember when you bought this devalopment SP were saying construction will start aug 2008 this statment was so important to many investors including me becuse we were planing to flip and invest some were else like many investors in UAE but as you are aware SP did not have planning permission until april 2009
so tell me who is wrong ?

i have not said my contract mentioned completion 2010 i said if i keep paying as per my contarct i will pay 90% by 2010 and completion will not be completed untill end of 2012 why should we pay 2 years in advance

as for another member says he took gambol to invest in property if i need to gambol i will go to Las Vegas i think it is risky business when you invest in Off plane but it is calculative risk.
i hope some of investors will come forward and make group and take action together i think being single we will not achive any thing
Mirpuri

i'm no expert, but it was clear to me from the outset, even if construction had started on time, that this development was clearly not one to flip and move on. this is not dubai where the resale market has been established for years. this was always going to be a long-term investment from the outset.

My sympathies are with the people who are tied in to the Short payment plan as they now having to pay large chunks of money up front into a market that is going through a lull. This is of course is unfortunate as nobody could have foreseen what was about to happen.

My Admiration goes out to Sturoy and his ilk who even though are on the short plan are perservering and looking at the positive aspects of the development (which are of course many). Well done and keep thinking positively, as I am pretty sure in the long run you will benefit.

As mentioned in my previous posts, if you bought the apartment to flip, then you went for the risk element of the investment. Now flippers do well when the market is rising, but are the first ones to be hit when the market falls. Therefore if things are not going as plannned for you then you cannot blame Select on symantics. Even if Select had promised to start construction earlier you still could not have flipped at a profit.

If you had invested for the long term, then I believe you still have a good investment. Being a flipper means you had only a small portion of the capital to invest hoping that the market would rise further before you had to dish out any more money. This is the risk you took. It didn't pay off. Hard Luck now move on.

God!!!!!!!!!!! the market has turned us all into philosophers

My sympathies are with the people who are tied in to the Short payment plan as they now having to pay large chunks of money up front into a market that is going through a lull. This is of course is unfortunate as nobody could have foreseen what was about to happen.

My Admiration goes out to Sturoy and his ilk who even though are on the short plan are perservering and looking at the positive aspects of the development (which are of course many). Well done and keep thinking positively, as I am pretty sure in the long run you will benefit.

As mentioned in my previous posts, if you bought the apartment to flip, then you went for the risk element of the investment. Now flippers do well when the market is rising, but are the first ones to be hit when the market falls. Therefore if things are not going as plannned for you then you cannot blame Select on symantics. Even if Select had promised to start construction earlier you still could not have flipped at a profit.

If you had invested for the long term, then I believe you still have a good investment. Being a flipper means you had only a small portion of the capital to invest hoping that the market would rise further before you had to dish out any more money. This is the risk you took. It didn't pay off. Hard Luck now move on.

I am sure you are part of SP group Sidris becuse most investor are in for money not for Love i am looking for my investment what will do for me here
do i start investing back in UK where you invest £80k (which i have up date ) and earn £1500 per month or stick to a dream which may come true after 10 years good luck to you Sidris and keep dreaming
Mirpuri

there is so much praise coming for SP & SG i am not sure why? my problems is Like many other investors we have paid hard earned cash since 2006 for BC to me completed on time but it didnot now same thing is happening with pacific i have paid 30% already on this devalopment and almost all payment should be paid by 1/9/10 do you think this wonderfull people will get this devalopment ready by 2010? no way!
i am not adressing staff from SP&SG office to reply on this thread i am looking for those people who have invested in this dream devalopment there hard earned cash to ask the devaloper to be fair tell us fects donot tell us porkypies .
Mirpuri

Hi Mipuri

No Porky pies being told and I most certainly do not work for SG or SP. I have a number of issues with both companys which have been put on the point forum.

However, on this one issue (and this issue alone) they did show me around the point development and I was only pointing out that that facility is available and giving them credit on this issue.

Granted that they have a lot of bad points which at the moment far outweigh the good points but I dont see any harm in pointing out some positive aspects (especially when they are so few and far between).

I am sure you are part of SP group Sidris becuse most investor are in for money not for Love i am looking for my investment what will do for me here
do i start investing back in UK where you invest £80k (which i have up date ) and earn £1500 per month or stick to a dream which may come true after 10 years good luck to you Sidris and keep dreaming
Mirpuri

I would like to know where in the UK you can invest only £80k and get £1500 per month in rent ????:lol:

I would like to know where in the UK you can invest only £80k and get £1500 per month in rent ????:lol:

khindson
it is no secret i bought 2 properties in last 7 months one for 115K and one for 130k 3 beds rooms in east london from auction put 40k deposit on each property my rent fron both properties are £2300 per month and out goings are £800 payment intrest only £1500 in my pocket each month
any more question Khindson? for your information best country to invest are
no.1 England no.2 Canada
Mirpuri

I would like to know where in the UK you can invest only £80k and get £1500 per month in rent ????:lol:

I'm well happy with some of my rates including 0.74% under bank base, rent various amounts from £1513 to £595 pcm, mortgages £0.... lender even pays a little of the capital outstanding. Happy days in the UK :lol: Unhappy days UAE :ohno:

khindson
it is no secret i bought 2 properties in last 7 months one for 115K and one for 130k 3 beds rooms in east london from auction put 40k deposit on each property my rent fron both properties are £2300 per month and out goings are £800 payment intrest only £1500 in my pocket each month
any more question Khindson? for your information best country to invest are
no.1 England no.2 Canada
Mirpuri

Perhaps you can pass that message on to the rest of the world our property market in the UK is in a shambles at the moment and although a slight upturn in the last couple of months - not really anything to shout about.

I'm well happy with some of my rates including 0.74% under bank base, rent various amounts from £1513 to £595 pcm, mortgages £0.... lender even pays a little of the capital outstanding. Happy days in the UK :lol: Unhappy days UAE :ohno:

No Bank my friend
there are so many people who are fed up with Stock market & dubai they need some gaurantee return i give 6% gauranteed return on 160K £800 per month every body hapy how much bank will pay?or pacific will pay?:banana::banana:
Mirpuri

I think this what SP &SG should do
It has been announced that one of the largest property players in the United Arab Emirates real estate market, Deyaar, has announced an ambitious programme of price cuts and potential property swaps for those involved in their various developments.

The property development company is offering price reductions of up to 30% for those involved in ongoing developments, even though they have signed contracts at much higher levels. As part of a new push for 2009 the company has also announced that investors in real estate developments which have been postponed will get the opportunity to swap their investment for properties in developments which are about to be completed.

This is quite a clever way of catching the headlines, catching the eye of many property investors around the world as well as retaining investment interest in the Dubai property market from those already locked in and possibly struggling. While a 30% cut in ongoing prices will obviously hit Deyaar very hard in the short to medium term it is better than significant numbers of investors defaulting, leaving the company with substantial property exposure which they may find difficult to sell in the current economic climate.

The following quote from Deyaar just about says it all "The transfer option would be exercised purely on a voluntary basis and will give customers the option to transfer their ownership of premium projects in prime locations. It will also allow customers to consolidate their total outstanding payments.".
mirpuri

Press Release

Foundation work underway for prime residential component of Al Marjan Island

Escrow account requirements completed as properties in Pacific residences now available in investor-friendly payment plans

July 14, 2009
Select Group and Select Property have announced that the final piling and layout are underway for the foundations of the Pacific, a prime residential development on Al Marjan Island, the first-of-its-kind man-made island in Ras Al Khaimah, as the Pacific remains well on schedule for its June 2011 expected completion date. The joint developers have likewise fully completed all construction requirements and complied with the escrow account regulations of Ras Al Khaimah Investment Authority (RAKIA), the government body responsible for the socioeconomic growth of the emirate, as properties within the exciting residential development are now being offered in various lengthy and attractive payment plans.

Pacific is located in a prime location at the top isle of Al Marjan Island, offering exclusive private beaches. The residential complex also features 24-hour security, rooftop infinity pools and health clubs, saunas, steam rooms and Jacuzzis. The development is equipped with a full range of complementary facilities and amenities, including several dining and shopping outlets.

Eng. Yehia Kambris – General Manager, RAKIA RERA said: "Maintaining a healthy pace of development is one of our key priorities, which is why we are closely and constantly monitoring the progress of the Pacific as well as the rest of the property developments on Al Marjan Island. RAKIA has also been coordinating with all developers to ensure that all properties are built according to the highest quality standards and specifications that we have set beforehand. At the same time, we are making sure to protect the interest of investors by strictly enforcing the escrow account regulations."

Rahail Aslam, CEO Select Group said: "Pacific will be one of the most exciting and relaxing residential destinations in the region, featuring a wide variety of contemporary residences within a delightfully landscaped beachfront community. The project will certainly be one of the key highlights of Al Marjan Island, complementing the growing reputation of Ras Al Khaimah as a fast-emerging lifestyle destination in the region. It has been a great advantage for us that RAKIA has been providing invaluable strategic support, which has contributed in the smooth transition of the various phases of development and has helped us stay well within the construction schedule."

Pacific consists of six contemporary designed residences: Samoa, Bora Bora, Tonga, Polynesia, Fiji and Tahiti, each offering panoramic views of the Arabian Gulf and the natural surroundings of Ras Al Khaimah. The residential complex will have a range of spacious studios, one-bedroom apartments, two-bedroom Beach Duplexes, Gulf Suites and Pacific Suites.

Each Beach Duplex is located on the ground and first floor, allowing residents to fully exploit Pacific’s beachfront location and also enjoy a private garden area. While the Pacific Suites offer views from a private balcony, the Gulf Suites are located at the tip of each residence.

Al Marjan Island is a pioneering development project that effectively extends the emirate's coastline by an additional 21 kilometres. Reaching some 4.5 kilometres into the sea, Al Marjan Island will feature a range of residential developments, hotels, resorts, recreational facilities and commercial and retail amenities.


http://i27.tinypic.com/2qb4tcg.jpg

http://i30.tinypic.com/s4wf3o.jpg

http://i32.tinypic.com/sg4pds.jpg

Thank you Mr Solt

Has anyone had a official update from SP because I have nothing! :ohno:

I find it hard to believe that everyone is happy with the lack of progress? :bash:

Has anyone had a official update from SP because I have nothing! :ohno:

I find it hard to believe that everyone is happy with the lack of progress? :bash:

Nothing for July, but I've not had anything for any of Selects developments for last month... I guess most people are like me and trying to put Pacific to the back of their minds !

Nothing for July, but I've not had anything for any of Selects developments for last month... I guess most people are like me and trying to put Pacific to the back of their minds !

I emailed them and received the following last week along with 11 photos:

"I apologise that there is a delay on the construction update being released as the marketing department are currently finalising some critical business development work. However, what I have done is obtained and attached the latest photographs of the development for you to get an idea of how well things are progressing."

I emailed them and received the following last week along with 11 photos:

"I apologise that there is a delay on the construction update being released as the marketing department are currently finalising some critical business development work. However, what I have done is obtained and attached the latest photographs of the development for you to get an idea of how well things are progressing."

Thanks for that, are you able to upload pics, or email them if i pm you personal email address ?

Thanks for that, are you able to upload pics, or email them if i pm you personal email address ?

Don't know how to upload them onto this site, it doesn't seem incredibly easy to work out for some reason, unless someone wants to tell me. I can put them on flickr if thats easier as I know this will probably lead to more requests for them...

Doesnt the Rakeen takeover of Khoie inspire anyone with confidence? I have an appt in pacific and was very glad to see them step in to protect the project.

Don't know how to upload them onto this site, it doesn't seem incredibly easy to work out for some reason, unless someone wants to tell me. I can put them on flickr if thats easier as I know this will probably lead to more requests for them...

If you use http://www.tinypic.com hit browse to select the file, then hit upload, it will then upload the image. If you then select the code for forums etc, copy and paste the text into a forum post then image should appear. Hope that helps and best of luck.

Very quiet on this page ,Has anyone got any Updates or pictures of the pacific development on the Al marjan Island !

MOAF

Very quiet on this page ,Has anyone got any Updates or pictures of the pacific development on the Al marjan Island !

MOAF

What, are they still gonna build this place ?? :lol:

There seems to be nothing for August either!?!!!

What, are they still gonna build this place ?? :lol:
Jeffers - believe me it will happen - 3 or 4 weeks time you will see big differences

i have a friend who has just moved into a building and as you might imagine there are lots of things wrong. he is struggling to get everyone together - i suggested he put up a forum for people to access.....which made me tyhink that pacific buyers should get one going sooner rather than later.

i live a ten minute drive from the island and when it is complete will probably be one of the first in the building (we built to live rather than invest)

if i set up a forum ahead of completetion do people think its a good idea?

i dont want to do it if not

if i set up a forum ahead of completetion do people think its a good idea?

i dont want to do it if not

There is already a google group set up.

There is already a google group set up.

can i get a link? :)

Dear All,

Since Select Properties never bothered to provide an update in June or July..... I have added some pictues taken on Al Marjan Island yesterday.

I'm no building expert, but had the following impressions since my last visit in May:

- New Pacific advertising boardings added around site;
- Piling work was still in evidence (there was also a piling van present) but most work seem to have finished (remember according to the May Select update, Piling was to have finished by 28th May);
- There was evidence that some of the foundation work had finished although much was still to be done (remember from SP May update, this should be finished by 19th Sept);
- Generally, there was a lot of work activity observed on Saturday, 15th August 2009;
- You may judge more yourself from the files uploaded (found in Files section).

By the way - La Hoya Bay - still not activity whatsoever.


The Pacific group can be found at this link: http://groups.google.co.uk/group/pacific-owners


Best Regards,


Kiriloo

^^^^^^ Please remember to add your unit number so the membership can be authorised. cheers

Please note that Select Property currently sends a project update for Pacific to all owners every other month, as communicated at the start of this year. There was a comprehensive update in June and the August update will be with all owners shortly.
We will continue to bring buyers up-to-date with progress and pictures on this basis.

Thanks, received August update which looks promising.

Please note however, piling has not finished on May 28 as mentined in the schedule on the right hand side. This is also acknowledged in your August update.


Kiriloo.

Hello Kiriloo,

What must I do for see your Pictures.
Thanks Forward.

Eos

Has anyone out there contacted the Office of Fair Trading? and if so please can you share your outcome? I would also be interested if anyone has used a Lawyer in any disputes with SP?

Has anyone out there contacted the Office of Fair Trading? and if so please can you share your outcome? I would also be interested if anyone has used a Lawyer in any disputes with SP?

Try asking on other Select threads as there has been more reason for this action to have been sought.:)

Has anyone out there contacted the Office of Fair Trading? and if so please can you share your outcome? I would also be interested if anyone has used a Lawyer in any disputes with SP?

Fair trade office - wasting your time thats in UK this is cowboy country mate -- sad but true

Lawyers , all they do is want money upfront --write a few letters and then tell you you're f*ck*d -sorry but just been through it -still feeling shafted :cheers:

Fair trade office - wasting your time thats in UK this is cowboy country mate -- sad but true

Lawyers , all they do is want money upfront --write a few letters and then tell you you're f*ck*d -sorry but just been through it -still feeling shafted :cheers:

Pacific is a JV between "Dubai Select Whatever they are called" and "Select in the UK "sales agent only"" or whatever they go as so legal things MAY be different on this one as opposed to the other "Dubai Select Property Group Developer Group of companies... I'm totally lost as to their actual name". So I think Bonkersbloke, more investigation is perhaps needed.

Pacific is a JV between "Dubai Select Whatever they are called" and "Select in the UK "sales agent only"" or whatever they go as so legal things MAY be different on this one as opposed to the other "Dubai Select Property Group Developer Group of companies... I'm totally lost as to their actual name". So I think Bonkersbloke, more investigation is perhaps needed.

From what I gather = Select Property UK are the Agents and Select Group are the developers but when SP uk give out the sales pitch or is it shit they go on about being the developer when clearly their not! From what I know if a company is based in the uk regardless of what they sell, they must abide by uk law so therefore the Office of Fair Trading can get involved. If there are a lot of clients who are not happy with SP they can all get a lawyer and petition against the company. (Power in numbers).

Sorry, I wasn't being very helpful, what I should of just said is that Select UK are the sales agent, with Select group being the Dubai Developer, this is the normal set up for their relationship on Dubai developments, HOWEVER, Pacific is a Joint Venture between the two companies, so on this one they are jointly liable, and as Select UK are a UK company, that one would think that there is a need for them to answer on UK regulation if they were proved to have done wrong, but as yet, have they done any wrong as June 11 is the contract completion date?? Hope that helps. :)

So what is there to go ot the Office of Trading about? My understanding is that this development is the fastest construction in RAK at the moment?

i have have today received "Final Legal payment notice" from Select Group
it says
we hereby give you FIVE BUSINESS DAYS from date of this FINAL NOTICE
as a last opportunity to settle your accounts in case you are still interested in continuning with your unit in Pacific Ltd.
this gos on
Failing settlement of all outstanding ammounts as indicated in this payment Notice,without prejudice to any other rights availble in the law, we will be left with no option but to Terminate the sale purchase agreement as per Clause 15.4(a)of the agreement and forfeit up to 30%of the purchase price as pre-estimated liquidated damages as per the contract.

can some one suggest what should i do?
as for payment i have paid 30% already price for my Unit is 1.54m aed in fiji building

Mirpuri

Hello - what is the general consences of this project? Are people still paying the installments?

Blu Mirage and other developments seems to be falling flat...

Hello Kiriloo,

What must I do for see your Pictures.
Thanks Forward.

Eos

You should join The Pacific group found at this link: http://groups.google.co.uk/group/pacific-owners

i have have today received "Final Legal payment notice" from Select Group
it says
we hereby give you FIVE BUSINESS DAYS from date of this FINAL NOTICE
as a last opportunity to settle your accounts in case you are still interested in continuning with your unit in Pacific Ltd.
this gos on
Failing settlement of all outstanding ammounts as indicated in this payment Notice,without prejudice to any other rights availble in the law, we will be left with no option but to Terminate the sale purchase agreement as per Clause 15.4(a)of the agreement and forfeit up to 30%of the purchase price as pre-estimated liquidated damages as per the contract.

can some one suggest what should i do?
as for payment i have paid 30% already price for my Unit is 1.54m aed in fiji building

Mirpuri

any body intersted in my unit for 20% less then orignal price??pls PM me

mirpuri

any body intersted in my unit for 20% less then orignal price??pls PM me

mirpuri

Mine as well - 2 bed 6 floor sea view

Guys what's really pissed you off about SP and have you expressed how you feel? Who have you spoke to at SP? :ohno:

Mine as well - 2 bed 6 floor sea view

Gulf Suite Ben ?? Had enough now mate??

Gulf Suite Ben ?? Had enough now mate??

Snap Gulf suite here (Slipped upbadly here on price but at least it will be built fairly well on time )

Snap Gulf suite here (Slipped upbadly here on price but at least it will be built fairly well on time )

Think I got a Pacific suite, wanted the gulf suite but was told they had just all been reserved, I think I was talked into it by sales a bit as I wanted to wait to see if a Gulf became available as they seemed to go over just a few days of being relased, Price was good though I think for the time. May pick one up as a resale I guess or if anyone fancies a trade...:)

Gulf Suite Ben ?? Had enough now mate??

I've been waiting since 96 for the Torch and that has about another year to go.. this will be another ''few'' years at best and thats with nothing much else on the Island, Other areas, even the UK, are starting to look better at the moment. I really need to see some returns.

It's there is any one wants a deal but I can hold out for a while yet if not.

B

I've been waiting since 96 for the Torch and that has about another year to go.. this will be another ''few'' years at best and thats with nothing much else on the Island, Other areas, even the UK, are starting to look better at the moment. I really need to see some returns.

It's there is any one wants a deal but I can hold out for a while yet if not.

B

Know how you feel, been waiting since 2005 for other Select props, but feels like since 96 !!!! So Ben, send me a p.m on what unit you have if its a gulf suite, cheers.

http://www.business24-7.ae/Articles/2009/8/Pages/30082009/08312009_2a1ca82e7a074fb7968a3632d9db0045.aspx

Saraya Development Group has suspended sales of its $1.4 billion (Dh5.14bn) project in Ras Al Khaimah, citing lack of availability of electricity and a downturn in real estate sector.

Does anyone have any information with regards to the provisions of the availabiity of electricity on Marjan Island. This is an obvious concern for investors?


Kiriloo

Know how you fell, been waitng since 2005 for other Select props, but feels like since 96 !!!! So Ben, send me a p.m on what unit you have if its a gulf suite, cheers.

Have sent you a PM. I'm 100k in on a LPP and can make better use of that elsewhere..

Have sent you a PM. I'm 100k in on a LPP and can make better use of that elsewhere..

I am new in this group. Does any one transfer money form one to another SP properties to do consolidation. I am thinking to do this.

I am new in this group. Does any one transfer money form one to another SP properties to do consolidation. I am thinking to do this.

Friend of mine recently did this with 2 Damac props into one, don't think Select would let you do this as they are not interested in their clients, however would be interesting to see what their reply was if you asked.

Friend of mine recently did this with 2 Damac props into one, don't think Select would let you do this as they are not interested in their clients, however would be interesting to see what their reply was if you asked.

I have asked but they are not interested in their clients all they care about is themselves. Totally Ruthless!!!!!!!!!!!! :ohno:

I have asked but they are not interested in their clients all they care about is themselves. Totally Ruthless!!!!!!!!!!!! :ohno:

Thought that would be the response, thats why you will get what you have bought, but wont go back for any more !!

Hi guys, not sure if I'm repeating what others have already asked but here goes! In the last update from select property it says that the foundation works and also the basement works will be completing at the end of this month but does anyone know what the difference is between these??

Has anyone been to al marjan island recently to see if construction is as far along as they say it is and any pics are always welcome!

Has anyone out there contacted the Office of Fair Trading? and if so please can you share your outcome? I would also be interested if anyone has used a Lawyer in any disputes with SP?

Most people in this room are, to put it bluntly, pathetic. YOU chose to buy an off-plan property. YOU chose to send off money to a developer. YOU have read the contract stating exactly what the consequences would be.

Is it really just that the bet that you took has gone wrong, and that is why toys are being thrown out of the pram?

An investment is an investment. Sometimes it goes right, sometimes it goes wrong. But when it goes wrong, YOU have to live with YOUR descisions. You can't go crying off to mummy and complaining that it's not fair.

Most people in this room are, to put it bluntly, pathetic. YOU chose to buy an off-plan property. YOU chose to send off money to a developer. YOU have read the contract stating exactly what the consequences would be.

Is it really just that the bet that you took has gone wrong, and that is why toys are being thrown out of the pram?

An investment is an investment. Sometimes it goes right, sometimes it goes wrong. But when it goes wrong, YOU have to live with YOUR descisions. You can't go crying off to mummy and complaining that it's not fair.

Ooohhhh, wrong side of the bed this morning was it...:ohno: Now investors, consider yourselves told..:bash: Now, where's the pram gone ??? Mum..... Dad.... anyone...

Most people in this room are, to put it bluntly, pathetic. YOU chose to buy an off-plan property. YOU chose to send off money to a developer. YOU have read the contract stating exactly what the consequences would be.

Is it really just that the bet that you took has gone wrong, and that is why toys are being thrown out of the pram?

An investment is an investment. Sometimes it goes right, sometimes it goes wrong. But when it goes wrong, YOU have to live with YOUR descisions. You can't go crying off to mummy and complaining that it's not fair.


WOAH!!! Where did that come from???? Some serious anger managment issues here sturoy.:ohno:

Does any one provide me suggestions. SP and I signed a cosolidation contract and loose some money. Now after 6 month SP are saying that it was their mistake in the AED amount. There are two payment was made after after that. Now they are threating me that if I don't sign a new consolidation contrast then I will loose both.

Please provide me suggestion.

Does any one provide me suggestions. SP and I signed a cosolidation contract and loose some money. Now after 6 month SP are saying that it was their mistake in the AED amount. There are two payment was made after after that. Now they are threating me that if I don't sign a new consolidation contrast then I will loose both.

Please provide me suggestion.


I would seek legal advice on this matter because it was sps mistake. Sp may be a big company and think they can get away with fooling their clients but their days are numbered. Justice always prevails!!

Hi

I'm new to this site

Does anybody know what is happening to the rest of the island. Apart from La Hoya Bay (which "may" restart again), Blue Mirage, Bab al Bahr and obviously Pacific, is anything else being built on al marjan?

WOAH!!! Where did that come from???? Some serious anger managment issues here sturoy.:ohno:

Yeah, it just bugs me that people start trying to blame SP for the fall in value! SP (as far as I am aware so far) have done nothing wrong - they are not behind in construction, they have not just told people that the prices have doubled, or anything like that!

Personally, I can't wait to be sipping Pina Coladas by the rooftop pool... bring it on!

Hi

I'm new to this site

Does anybody know what is happening to the rest of the island. Apart from La Hoya Bay (which "may" restart again), Blue Mirage, Bab al Bahr and obviously Pacific, is anything else being built on al marjan?


Was there last month and noted the following:

La Hoya Bay - No movement yet
Babal Bahr - Will be one of the first developments ready (definately not ready by 2009 as they claim though)
Marbella Bay - Good progress and they already have a show apartment
and Pacific at the very east of the island ...
Not sure about Blue Mirage?

Not seen anything else as yet.


Kiriloo

Dear All,

Following all the doom and gloom recently regarding the economic climate and your Select Investment, I found this article particularly interesting for all RAK investors:

Sailing ahead: RAK's cup of joy
http://www.xpress4me.com/news/uae/rasalkhaimah/20015016.html


Kiriloo

Yeah, it just bugs me that people start trying to blame SP for the fall in value! SP (as far as I am aware so far) have done nothing wrong - they are not behind in construction, they have not just told people that the prices have doubled, or anything like that!

Personally, I can't wait to be sipping Pina Coladas by the rooftop pool... bring it on!

i dont blame Sp for the price drop so dont presume!!!!! MY annoyance is about them misleading buyers. So get your facts right before you kick off.... anyway i also would like to sit by the rooftop pool looking at the crane or barren wasteland around me sipping water ( where u will get pina coladas from in a muslim country is beyond me:nuts:!!)... so yeh bring it on......but when is the question??????

Hello all,

Do anybody off you have recive an up date for september month ??
I still waithing and send a mail to SP buth they don't ansver me!!!!!
Also My Select property don't work anymore, I can log inn buth when I click on my property it isn't work!!! Several time I have send a mail to SP buth without ansver!!! My contact personne don't work more for SP and the new one don't ansver me!!!

Greathings at all
Eos

you might be waiting a while for the september update Eos, pretty sure there isnt one til october. cant understand why they're not replying though, select have always been pretty good at getting back to me.

Hello all,

Do anybody off you have recive an up date for september month ??
I still waithing and send a mail to SP buth they don't ansver me!!!!!
Also My Select property don't work anymore, I can log inn buth when I click on my property it isn't work!!! Several time I have send a mail to SP buth without ansver!!! My contact personne don't work more for SP and the new one don't ansver me!!!

Greathings at all
Eos

eos I must agree with you, lately I have also noticed my calls are not being returned and no replies to my emails & these are not even calls or emails they need to avoid, just general chase up calls re payments. hmmmmmmm

should I be alarmed???

hello,

Ently I recived yesterday a mail from my new contact personne; again an other one!!!
He tell me every two month's now we go have an update!!!
and the technicials go see what the problem is one MY Select Property,
Are her also investors how have problems witk our site" My Select Property ",with me is it beginning the time that there was changing for other project off them.

Eos

just called select to ask a few questions about construction, apparently they expect to complete the main structure of all the buildings well before the actual completion date. Not being a construction expert myself, can anyone offer a rough idea of how long it would take to fully do the internal fits and landscaping for a development like this?

Most of the constrction delays up to now in UAE have been prob due to lack of resources/personel during the boom times, I would imagine now when equipment/personel in plentyful supply there shouldnt be huge delays. Also the escrow account system means that the sooner they finish the sooner they get their hands on the money, only downside is if they dont sell the remaining units and then run out of money, I dont know how many they've sold so far?

Most of the constrction delays up to now in UAE have been prob due to lack of resources/personel during the boom times, I would imagine now when equipment/personel in plentyful supply there shouldnt be huge delays. Also the escrow account system means that the sooner they finish the sooner they get their hands on the money, only downside is if they dont sell the remaining units and then run out of money, I dont know how many they've sold so far?

Told last week 85% sold out, don't know how true it is though.

my concern is with the rest of the island. apart from a handful of projects nothing else seems to be going on here and no sign of any new developers. so imagine pacific is done (say with the other 4 or 5 projects). who is gonna want to live there? it will be a deserted island !

what do other investors think about this?

my concern is with the rest of the island. apart from a handful of projects nothing else seems to be going on here and no sign of any new developers. so imagine pacific is done (say with the other 4 or 5 projects). who is gonna want to live there? it will be a deserted island !

what do other investors think about this?

I think its an excellent point... i am personally invested in blu Mirage but worried like you that the rest of the island wont be attarctive enough.

There was talk of water parks, commercial districts, plenty of hotels, shopping areas etc...

Now what!!

I think its an excellent point... i am personally invested in blu Mirage but worried like you that the rest of the island wont be attarctive enough.

There was talk of water parks, commercial districts, plenty of hotels, shopping areas etc...

Now what!!


I am trying not to concentrate much on what is going on around pacific at this stage, occasionaly I will look to see how other developments are progressing. So far i am happy with the way things are progressing and the way select have dealt with me.



How is blue mirage doing as i had considered that development when i was looking at the island?

Piling has started on Blu Mirage.
Developer has altered the payment plan for people who have asked.

Bab al bahr seems to be firing along pretty well at the moment from looking at the photos on the skyscraper thread and i've also heard that marbella bay is well above ground level but nothing on the thread, can anyone confirm this?

Good to hear that Blu Mirage has started piling too beer51, things seem to be generally picking up on al marjan it would seem.

what about Bab Al Badr... this was the commercial area of the island

Does anyone have a 2 bed townhouse or Gulf Suite available? If so please PM me the apartment details and price

Does anyone have a 2 bed townhouse or Gulf Suite available? If so please PM me the apartment details and price

Hi, I have a Gulf Suite and have sent you a PM.. give me what I have paid to date and its yours, I'm on LPP.. Ben

Does any1 have a studio for sale in pacific?

This website is not for selling and buying.

Please use gulfnews or dubizzle.com

This website is not for selling and buying.

Please use gulfnews or dubizzle.com

This website is not for advertising.

Does any1 have a studio for sale in pacific?

I have a studio for sale in Bora Bora if interested

I have a studio for sale in Bora Bora if interested

Can you read SALE'S post ?

PM your potential customers

I have a studio for sale in Bora Bora if interested

asif, contact me
coo_las_ice@hotmail.co.uk

Told last week 85% sold out, don't know how true it is though.

Select told me about 14 months ago when i was looking to buy that they had sold 85% at the time! A year later they are still quoting 85%???!!!!

Select told me about 14 months ago when i was looking to buy that they had sold 85% at the time! A year later they are still quoting 85%???!!!!

Totally agree with you if you look back at some of the threads you will see they have been spining this shit for some time now, along with construction starting in 08 etc etc. "JOKERS"!!!!! :baaa:

Totally agree with you if you look back at some of the threads you will see they have been spining this shit for some time now, along with construction starting in 08 etc etc. "JOKERS"!!!!! :baaa:

YOU SILLY TITS
its common knowledge that they managed to sell upto 85ish% back in 2008then came the global economic crisis and they stopped selling.
Some would argue that they are being very honest and very truthful that they are static at 85%- then again twats like you just need any old excuse to moan. :nuts:

I agree with ITSRAINING, it would seem that they sold up to around 85% last year and then struggled to sell anymore since. i'd rather they be honest with me and tell me like it is than keep saying that they've sold more and more. still waiting for a construction update this month, should be interesting to see how far things have progressed.

YOU SILLY TITS
its common knowledge that they managed to sell upto 85ish% back in 2008then came the global economic crisis and they stopped selling.
Some would argue that they are being very honest and very truthful that they are static at 85%- then again twats like you just need any old excuse to moan. :nuts:

My bollocks dramatically swell also when i sit behind my computer and all of a sudden i feel brave and feel like i can make degrading comments about anyone. You can make a point without insulting ITSRAINING and some people might take you seriously. good to know you have SP's sale policy worked out and i can sleep much safer knowing what you have told us so politely...i gather it wasn't raining brain cells then was it? or manners even for that case:ohno:

YOU SILLY TITS
its common knowledge that they managed to sell upto 85ish% back in 2008then came the global economic crisis and they stopped selling.
Some would argue that they are being very honest and very truthful that they are static at 85%- then again twats like you just need any old excuse to moan. :nuts:

No one is moaning, but they shouldn't be making out that they have been selling more properties since then. If i phoned now as a new customer, they would tell me gleefully that this is the dogs bollock of all constructions etc, etc, and that they have sold 85% and the last few are being snapped up and construction would be completed by this time next year! So i should hurry and part with my hard earned cash and wait until my hair has either greyed or receded before i see anything material!!

When i enquired, i was given a lead time that this project should have been ready around now, and judging by what everyone has said, they are nowhere near. Yes, i understand the recession etc, i work in finance, but if people have been paying their installments, then they should have the funds to complete projects. And if they can't, the least they can do is give people and honest overview as to the delays etc, and when they are likely to get their properties, and maybe even offer some sort of breathing space on their installments. They might find people are a bit more sympathetic.

Sorry, just my two pence worth!

I really wish this had webcam..

I really wish this had webcam..
my nickname is buster gonads!!
:lol:

When i enquired, i was given a lead time that this project should have been ready around now, and judging by what everyone has said, they are nowhere near. Yes, i understand the recession etc, i work in finance, but if people have been paying their installments, then they should have the funds to complete projects. And if they can't, the least they can do is give people and honest overview as to the delays etc, and when they are likely to get their properties, and maybe even offer some sort of breathing space on their installments. They might find people are a bit more sympathetic.



Not sure if i'm reading this wrongly but were you told when you bought that it would have completed by now?? That would mean they would have built the whole thing in just under 18 months.. As far as I'm aware completion date has never changed from the middle of 2011 so I'm pretty sure by this time no-one expected it to be complete.

Not sure if i'm reading this wrongly but were you told when you bought that it would have completed by now?? That would mean they would have built the whole thing in just under 18 months.. As far as I'm aware completion date has never changed from the middle of 2011 so I'm pretty sure by this time no-one expected it to be complete.

i agree, i believe i was amongst the first to buy in this development and was told clearly back in april/may (08 I think...) that it would be built by june 2011... they have never changed their statements regarding this. I have also been in touch with numerous members of SP over this time and yes the 85% has stuck for a year or so now for obvious reasons, as even if numerous appartments are being sold on such a large development, this would obviously only change the total sales percentage by 1-2 % plus taking into account defaulters, id be very happy if they are truly still at 85% sold after many clients have been spanked due to the financial crisis.

can only go by my personal experience...

My bollocks dramatically swell also when i sit behind my computer and all of a sudden i feel brave and feel like i can make degrading comments about anyone. You can make a point without insulting ITSRAINING and some people might take you seriously. good to know you have SP's sale policy worked out and i can sleep much safer knowing what you have told us so politely...i gather it wasn't raining brain cells then was it? or manners even for that case:ohno:


oUCHHHH!
wasnt raining braincells but its pissing it down with TWATS around here :nuts:

No one is moaning, but they shouldn't be making out that they have been selling more properties since then. If i phoned now as a new customer, they would tell me gleefully that this is the dogs bollock of all constructions etc, etc, and that they have sold 85% and the last few are being snapped up and construction would be completed by this time next year! So i should hurry and part with my hard earned cash and wait until my hair has either greyed or receded before i see anything material!!

When i enquired, i was given a lead time that this project should have been ready around now, and judging by what everyone has said, they are nowhere near. Yes, i understand the recession etc, i work in finance, but if people have been paying their installments, then they should have the funds to complete projects. And if they can't, the least they can do is give people and honest overview as to the delays etc, and when they are likely to get their properties, and maybe even offer some sort of breathing space on their installments. They might find people are a bit more sympathetic.

Sorry, just my two pence worth!

abdulr007
sorry but your two pence isnt realy worth very much. Your tone is clearly one of a scaremonger. I realy find it difficult to believe what you are saying. I have called Select on numerous occasions in various different guises, and never once did they say to me they would be finished by this year.

You also go onto contradict yourself, in your first post you say that they are always saying they are 85% sold out but then in your recent post you go on to say:
"No one is moaning, but they shouldn't be making out that they have been selling more properties since then".
GET A GRIP LAD!

abdulr007
sorry but your two pence isnt realy worth very much. Your tone is clearly one of a scaremonger. I realy find it difficult to believe what you are saying. I have called Select on numerous occasions in various different guises, and never once did they say to me they would be finished by this year.

You also go onto contradict yourself, in your first post you say that they are always saying they are 85% sold out but then in your recent post you go on to say:
"No one is moaning, but they shouldn't be making out that they have been selling more properties since then".
GET A GRIP LAD!

Hardly a scaremonger my friend. I have always been interested in purchasing on al marjan, and still am, but something held me back at the time i was looking. I will still buy here as i believe it to be better than being in the rat race of dubai, but i will bide my time as i am not in any major rush. As for the dates, maybe i have got them wrong when i was looking, but it still doesnt change the fact that progress isnt where it was promised it would be, not only for this project, but others as well. I have a friend who has bought on al marjan, and he is close to tearing his hair out, and i am pretty sure a lot of people are feeling the same frustrations.

When my interest in pacific waned, not cos of the property which i actually did like, they tried to flog me another upcoming property on al marjan. All i can say is that for now, i am glad i held back, but doesnt mean that i am not going to purchase here, when the time is right.

I think the only twat around here is you, people are having a civil conversation, there is no need for your tone or the way you speak, a lot dont care for it.

oUCHHHH!
wasnt raining braincells but its pissing it down with TWATS around here :nuts:

I think the only twat around here is you, people are having a civil conversation, there is no need for your tone or the way you speak, a lot dont care for it.

Well put abdulr my sentiments exactly, if mr brave bollocks wasnt so scared about SP then why did he/she ring select in 'various guises' to get reassurances about the finish date/? dont sound like a person with a hell of a lot of confidence:lol: I've said this many times before and I'll say it again if u are happy with Your purchase then why come on here and give it large, sit back relax and wait for your investment to fruit( or rot?) Let the ones with concerns chat among ourselves. No need to slag them or abuse them.

Now if u want me to take it down to ur level Itsraining (men?) then i am more than willing but i wont give u the pleasure of the disrespect, Jog on u joker!

Well put abdulr my sentiments exactly, if mr brave bollocks wasnt so scared about SP then why did he/she ring select in 'various guises' to get reassurances about the finish date/? dont sound like a person with a hell of a lot of confidence:lol: I've said this many times before and I'll say it again if u are happy with Your purchase then why come on here and give it large, sit back relax and wait for your investment to fruit( or rot?) Let the ones with concerns chat among ourselves. No need to slag them or abuse them.

Now if u want me to take it down to ur level Itsraining (men?) then i am more than willing but i wont give u the pleasure of the disrespect, Jog on u joker!


Well Said.

Well put abdulr my sentiments exactly, if mr brave bollocks wasnt so scared about SP then why did he/she ring select in 'various guises' to get reassurances about the finish date/? dont sound like a person with a hell of a lot of confidence:lol: I've said this many times before and I'll say it again if u are happy with Your purchase then why come on here and give it large, sit back relax and wait for your investment to fruit( or rot?) Let the ones with concerns chat among ourselves. No need to slag them or abuse them.

Now if u want me to take it down to ur level Itsraining (men?) then i am more than willing but i wont give u the pleasure of the disrespect, Jog on u joker!


LOL
firstly I never once said i was pleased with everything select say & 100% confident with my purchase.
However my frustration is with certain idiots who consistently churn CRAP. How can the likes of you (bonkersbloke) & Abdulr be taken seriously when nothing you say is based on fact. You say that you were told that completion would be this year, please its not rocket science- its impossible for that project to be ready this year.
Abdulr sais in one post he was told that the project was 85% sold out and told that over a year ago, he then in a more recent post goes onto say that select are saying they are selling more & more of these units - contradiction.

I think everyone in this current climate is concerned about their investments and the reality of completion etc. But I think its imperative that people look at facts and discuss them as opposed to entertain the view of a bunch of muppetts who come on here with irrelevant stories. However I stand corrected if you are able to post on here any factual information which supports your claims, but im very confident that the majority of posts from the likes of you will be based around bitter twisted negative BULLSHIT

Mr Brave Bollocks :)

Its true what they say 'u can never Bullshit a bullshitter' which is true with the last post, You have me all sussed out. I think what u have failed to comprehend in all this ITSRAINING (cats and dogs?) is we all may have bought into the same development and one thing u dont have any idea of is what yarn we all were/are spun by SP when dealing with them. How do u know what anyone here says is not based on fact? are we liars? or bullshitters as your impeceble manners put it. I mentioned the start date as one issue..... where u told a different start year? What abdulr wrote are his words not mine so why mix them up?

I have a list of factual points which i wont bore u with but are confidential between me and SP, As u and others have been quick to judge this is not about money but how business is done... You may have got lucky in all this and some of us may have not.Who is to know?

My time is better spent than having to come on here and give it the big i am and preach to people about what they should be writing on here...Its called freedom of speech and if u don like it then ignore it and move on, but your ego probably wont let you do that......... and the fun will continue :)

Its true what they say 'u can never Bullshit a bullshitter' which is true with the last post, You have me all sussed out. I think what u have failed to comprehend in all this ITSRAINING (cats and dogs?) is we all may have bought into the same development and one thing u dont have any idea of is what yarn we all were/are spun by SP when dealing with them. How do u know what anyone here says is not based on fact? are we liars? or bullshitters as your impeceble manners put it. I mentioned the start date as one issue..... where u told a different start year? What abdulr wrote are his words not mine so why mix them up?

I have a list of factual points which i wont bore u with but are confidential between me and SP, As u and others have been quick to judge this is not about money but how business is done... You may have got lucky in all this and some of us may have not.Who is to know?

My time is better spent than having to come on here and give it the big i am and preach to people about what they should be writing on here...Its called freedom of speech and if u don like it then ignore it and move on, but your ego probably wont let you do that......... and the fun will continue :)


Hmmmmmmm!!
i would much rather read about your 'factual points' as opposed to your right to excercise 'freedom of speech'. Come on bonkers spill the beans.

Bonkersbloke im not having a personal attack against you or abdulr this is about trying to make sense of something. I by far am not one of the lucky ones and by no means am i uber positive about sp, however i cant help but express my annoyance when i read statements with no basis. If you have something with basis share it so it can be discussed and challenged before its to late to change.

Even you being as bonkers as you are must understand that its important in a forum like this to provide some sort of basis or fact to your statements.

Are you sure you havent caught that nick griffin bug. I'd get it checked out mate i think its called twatitus :)

[QUOTE=ITSRAINING;45036836]Hmmmmmmm!!


Even you being as bonkers as you are must understand that its important in a forum like this to provide some sort of basis or fact to your statements.

QUOTE]

You think if people had any real facts they would be here trying to alleviate some of their concerns with others in a similar situation? Most are being given the run around by developers whilst at the same time expected to keep up payments. As for my dates, i have already said i may have got them mixed up, but SP are making out that they have had a bumper year in sales, which is the same story they have spun the year before.

You should go find someone else, preferably with the same kind of language and mannerism as you, to share your views with, and be sure to look for a similar limited brain capacity. You may find them more willing to listen to your cr*p.

[QUOTE=ITSRAINING;45036836]Hmmmmmmm!!


Even you being as bonkers as you are must understand that its important in a forum like this to provide some sort of basis or fact to your statements.

QUOTE]

You think if people had any real facts they would be here trying to alleviate some of their concerns with others in a similar situation? Most are being given the run around by developers whilst at the same time expected to keep up payments. As for my dates, i have already said i may have got them mixed up, but SP are making out that they have had a bumper year in sales, which is the same story they have spun the year before.

You should go find someone else, preferably with the same kind of language and mannerism as you, to share your views with, and be sure to look for a similar limited brain capacity. You may find them more willing to listen to your cr*p.

abdulr apolgies for my mannerism's and my limited brain capacity- however even us uncivilised memebers of society have the right to freedom of speech.
ok i am going to attempt to understand this on your level as an investor I also have concerns I come on this forum to also alleviate my concerns. BUT UNLIKE YOU I DONT MAKE RANDOM STATEMENTS WHICH HAVE NO BASIS-

U SAY- "Most are being given the run around by developers whilst at the same time expected to keep up payments".- What run around???

U SAY- "As for my dates, i have already said i may have got them mixed up, but SP are making out that they have had a bumper year in sales, which is the same story they have spun the year before".- you clearly confirm that even your information is mixed up and bullshit. I keep saying this again & again you contradict yourself- earlier posts from you said sp say they are always 85% sold but now you go on to say they are saying they are having bumper sales, year on year. Would it be right to assume that you are confused on this one as well as your dates.

Please dont get me wrong I also have lots of concerns and I think moving on many on this forum will have further concerns. However I think it is imperative that the crap is cut out early doors so we can deal with real issues instead of utter random crap. Again is you can say what run around your given and how sp sales are effecting your investment i will stand corrected.

Again I have to agree in principal with what ITSRAINING is saying, albeit in a slightly less blunt way.

I have no complaint with select now that I have to pay slightly more due to the exchange rate as they have no control of that, I have no complaint so far with the customer service other than the fact I've forgotten who my third account manager is, and I also have no complaint with the fact that prices haven't risen as far as I had hoped as I heard on the grapevine that the world is in some sort of a financial crisis..

The only concern I have as each month goes by is that the construction slows or stops, but until I receive the next update from select or someone posts some up to date photos, I'm optimistically hoping that what select are saying is true and that the development is still on track. I guess what I'm saying follows on from ITSRAINING, until I hear/see some facts to the contrary I'll remain optimistic.

Bonkersbloke, you're obviously more skeptical than most about pacific and I'm genuinely interested to hear what your beef is..

Oh aren't we all having fun! If only we had a nintendo wii!

WillBB79 i would really like to disclose to u what my beef is and then u would all understand why i make the comments i do about SP, My business with SP is confidential and due to the fact it being confidential may make u stop asking me anymore questions for certain reasons.

Whatevere we say on here or do on here wont have any effect on our purchases or how SP do business, Concerns will stay concerns and the reassurances one person can give to another is fruitless. Im bored of all this and for this reason i cant be arsed to send tit for tat posts.. i'll say what i think and everyone else can say what the they think..... the last time i looked it was a forum?

Just one parting comment... comparing a muslim to Nick Griffin are not ur best words is it ITSRAINING:ohno:...I better get a second opnion on ur diagnosis and see if is not contagious over the internet and i would see ur local BNP representative and see weather u have contracted it?

To be honest with u all this is turning into a personal slagging match and i dont work like that... i prefer the face to face approach as it sorts differences out much quicker.:)

Oh aren't we all having fun! If only we had a nintendo wii!

lmfao- sounds like some1 who's now slightly lost for words. I guess my point is proven you realy dont have any basis to back up your previous random statements (crap).

WillBB79 i would really like to disclose to u what my beef is and then u would all understand why i make the comments i do about SP, My business with SP is confidential and due to the fact it being confidential may make u stop asking me anymore questions for certain reasons.

Whatevere we say on here or do on here wont have any effect on our purchases or how SP do business, Concerns will stay concerns and the reassurances one person can give to another is fruitless. Im bored of all this and for this reason i cant be arsed to send tit for tat posts.. i'll say what i think and everyone else can say what the they think..... the last time i looked it was a forum?

Just one parting comment... comparing a muslim to Nick Griffin are not ur best words is it ITSRAINING:ohno:...I better get a second opnion on ur diagnosis and see if is not contagious over the internet and i would see ur local BNP representative and see weather u have contracted it?

To be honest with u all this is turning into a personal slagging match and i dont work like that... i prefer the face to face approach as it sorts differences out much quicker.:)


where you going bonkers??
I was so hoping you were gonna enlighten us with some hardcore facts to why your so dissapointed, but ur above statements seem to suggest you also may have a case of talking random crap.

re your nick griffin statement- twatitus comes in many different shapes and forms and does not recognise race or religion, colour or creed. It is very contagious and exists amongst many political groups, religous groups aswell as skyscrapercity groups. All im saying is be carefull you dont want people thinking you've contracted it :)

:bash: Bloody hell u really have to spell it out for some people dont you. If i cant disclose something it means its confidential and if something is confidential then usually that means that there is some sort of Legal issue involved with it.Just because i wont say what it is doesnt means its crap....I dont know any of u from adam and knowing that SP lurk in this forum i dont want to jeopardise my case..... get it now or would u like me to finish it with a highly comedic slander to make myself look better to the boys/girls in the class, . Maybe when things are sorted or not then i might spill the beans.. so please be patient.

Twatitus must have taken u all of what 3-4 seconds to think of?.. brilliant! Might impress ur mates with piss takes but they dont wash with me. They probably give u some importance down the pub or in the office but like i said to u from the start its very easy to make comments behind a computer screen (hold on..thats what im doing isn't it???...damn it must be catching!)

:bash: Bloody hell u really have to spell it out for some people dont you. If i cant disclose something it means its confidential and if something is confidential then usually that means that there is some sort of Legal issue involved with it.Just because i wont say what it is doesnt means its crap....I dont know any of u from adam and knowing that SP lurk in this forum i dont want to jeopardise my case..... get it now or would u like me to finish it with a highly comedic slander to make myself look better to the boys/girls in the class, . Maybe when things are sorted or not then i might spill the beans.. so please be patient.

Twatitus must have taken u all of what 3-4 seconds to think of?.. brilliant! Might impress ur mates with piss takes but they dont wash with me. They probably give u some importance down the pub or in the office but like i said to u from the start its very easy to make comments behind a computer screen (hold on..thats what im doing isn't it???...damn it must be catching!)

Mate, let it go, its a waste of breath for both you and me!

ITSRAINING...no i am not lost for words, i just can't be bothered.

Mate, let it go, its a waste of breath for both you and me!

ITSRAINING...no i am not lost for words, i just can't be bothered.

I TOTALLY AGREE!....let the posting of more crap begin!....I heard SP is run by aliens trying for world domination...first dubai, then RAK...then turkey..next the world!

I TOTALLY AGREE!....let the posting of more crap begin!....I heard SP is run by aliens trying for world domination...first dubai, then RAK...then turkey..next the world!

Hahahaha!! And the pacific is the intergalactic space head quarters?! :lol:

Hahahaha!! And the pacific is the intergalactic space head quarters?! :lol:

Why don't the pair of you (and I refer to BB) create your own forum to make childish remarks in so that the rest of us don't have to put up with this kind of stuff. There are people on here who are actually interested in discussing factual information and investments.

Why don't the pair of you (and I refer to BB) create your own forum to make childish remarks in so that the rest of us don't have to put up with this kind of stuff. There are people on here who are actually interested in discussing factual information and investments.

OMG are you still around, you and itsraining deserve each other!!!! :banana:

Back to business girls, select update due out soon which i have been told has some good updates of progress.:banana:

Anyone have any info on the wow rak theme park, I cannot seem to find anything on the net showing whether construction has started?

I see blue mirage and marbella bay progressing and also bab al bahr progressing alongside pacific.:), god knows whats going on with la hoya bay, but sure glad that I did not get into that development

I TOTALLY AGREE!....let the posting of more crap begin!....I heard SP is run by aliens trying for world domination...first dubai, then RAK...then turkey..next the world!

AHHHHHHHHH now i get why your taking legal action against sp. Sha Vaash :wink2::wink2::wink2:

OMG are you still around, you and itsraining deserve each other!!!! :banana:

but i much prefer playing with you :hug:

Back to business girls, select update due out soon which i have been told has some good updates of progress.:banana:

Anyone have any info on the wow rak theme park, I cannot seem to find anything on the net showing whether construction has started?

I see blue mirage and marbella bay progressing and also bab al bahr progressing alongside pacific.:), god knows whats going on with la hoya bay, but sure glad that I did not get into that development

Actually, i may give pacific a ring, see what they say. I havent lost interest in this project, think it would be quite nice, but for now its safer to keep an eye on it. Anyone with a 2 bed looking to offload in the future please do let me know.

Agree with you about la hoya, that was almost my first choice after managing to blag my way onto the development last year, nearly went for it, but liked the look of pacific more.

Actually, i may give pacific a ring, see what they say. I havent lost interest in this project, think it would be quite nice, but for now its safer to keep an eye on it. Anyone with a 2 bed looking to offload in the future please do let me know.

Agree with you about la hoya, that was almost my first choice after managing to blag my way onto the development last year, nearly went for it, but liked the look of pacific more.

Hi
you can take my 2 bed gulf suite 5th floor 25% discount from orinal price
mirpuri

http://pic.ipicture.ru/uploads/091101/47577/Dc3Q97ru3C.jpg (http://ipicture.ru/)

http://pic.ipicture.ru/uploads/091101/47577/lHv6Ow1lEq.jpg (http://ipicture.ru/)

http://pic.ipicture.ru/uploads/091101/47577/pVk7BPsld7.jpg (http://ipicture.ru/)

http://pic.ipicture.ru/uploads/091101/47577/7GKUlofTWn.jpg (http://ipicture.ru/)



middle of October

Hi
you can take my 2 bed gulf suite 5th floor 25% discount from orinal price
mirpuri

P.M. me some details please.

Hey guys

does anyone know if the piling works in Pacific are completed?

thnx :D

Got a couple of questions:

1) Has anyone taken the time to check what prices Select are selling their remaining plots at? - Curious to know if they are being sold at less than what the early investors paid for.

2) I have phoned a couple of agents to see how much they would market my plot for and the answer I got was it won't sell at all. Has anyone had any responses different to mine?

Thanks

Got a couple of questions:

1) Has anyone taken the time to check what prices Select are selling their remaining plots at? - Curious to know if they are being sold at less than what the early investors paid for.

2) I have phoned a couple of agents to see how much they would market my plot for and the answer I got was it won't sell at all. Has anyone had any responses different to mine?

Thanks

Think 40% less if it is in a decent location and even then it will be difficult to find a buyer, people just aren't buying at the moment. Select won't market already sold properties until the development is sold out. Best wait a few years until it is built and the market picks up. There is a new update on progress due out today apparantly.

Think 40% less if it is in a decent location and even then it will be difficult to find a buyer, people just aren't buying at the moment. Select won't market already sold properties until the development is sold out. Best wait a few years until it is built and the market picks up. There is a new update on progress due out today apparantly.


Thanks. Obviously best to hold on for a few more years, but being the pessimist I just often wonder whether anything will ever get built on the Island even if Select do complete!

Think 40% less if it is in a decent location and even then it will be difficult to find a buyer, people just aren't buying at the moment. Select won't market already sold properties until the development is sold out. Best wait a few years until it is built and the market picks up. There is a new update on progress due out today apparantly.


Interesting view. Any first-hand experience or reason you believe that to be the case (e.g. 40% less).

Thanks. Obviously best to hold on for a few more years, but being the pessimist I just often wonder whether anything will ever get built on the Island even if Select do complete!

Well, the road network, electricity, etc and all the rest for the part of the island has been given the go ahead to be ready in 2012, so at least you can live there with a bit of sunshine and rent it out for a bit of cash :lol: ... more seriously, Select have told me that several hotels are planning to build there, when I don't know. It may be a bit noisy and busy in two years time though if several projects start picking up at once when they see that several have already been built and are active... speaking of which, just got the latest update from Select... actually looks like a building forming now.

Well, the road network, electricity, etc and all the rest for the part of the island has been given the go ahead to be ready in 2012, so at least you can live there with a bit of sunshine and rent it out for a bit of cash :lol: ... more seriously, Select have told me that several hotels are planning to build there, when I don't know. It may be a bit noisy and busy in two years time though if several projects start picking up at once when they see that several have already been built and are active... speaking of which, just got the latest update from Select... actually looks like a building forming now.

Yes, just saw the update and it does resemble a building! ....... light at the end of the distant tunnel!!

Received the update this arvo too, certainly a massive relief to see the building going up. Now at least I know that I'm paying for more than a plot of sand!!

If Select are reading, keep up the good work.

Think 40% less if it is in a decent location and even then it will be difficult to find a buyer, people just aren't buying at the moment. Select won't market already sold properties until the development is sold out. Best wait a few years until it is built and the market picks up. There is a new update on progress due out today apparantly.

My brother has been trying to buy a plot on this project for over a year. He wants to capatalise on the downturn in property prices. The exchange rate is not effecting him but even then he can not get anything reduced considerably and no where near 40%. The best price i have seen him achieve is 20-25% less then op. This is via going direct to sp and private investors and he has been trying for a wile. I have also spoken to sp re remaining 15% stock and to my knowledge the remaining properties are either in not so good locations or the few good ones that seem available re gulf suites & duplex's are not reduced enough to take the risk. How accurate this information is im not quite sure but with reference to getting a place reduced by 40% I would snap there hands off. But im thinking in reality the 40% reduction would not materialise.

My brother has been trying to buy a plot on this project for over a year. He wants to capatalise on the downturn in property prices. The exchange rate is not effecting him but even then he can not get anything reduced considerably and no where near 40%. The best price i have seen him achieve is 20-25% less then op. This is via going direct to sp and private investors and he has been trying for a wile. I have also spoken to sp re remaining 15% stock and to my knowledge the remaining properties are either in not so good locations or the few good ones that seem available re gulf suites & duplex's are not reduced enough to take the risk. How accurate this information is im not quite sure but with reference to getting a place reduced by 40% I would snap there hands off. But im thinking in reality the 40% reduction would not materialise.

I noted some of Select prices of 1 bedrooms against my own recently, they were probably in really bad locations whereas mine is quite expensive for a one bedroom I think, so I went off that. I guess 40% may be an over estimation. I do seem to remember at the time I bought that there was a large differential in 1 beds but I just wasn't interested in some of them because of the location and I wanted sea and beach view without being overlooked, so paid more.

I noted some of Select prices of 1 bedrooms against my own recently, they were probably in really bad locations whereas mine is quite expensive for a one bedroom I think, so I went off that. I guess 40% may be an over estimation. I do seem to remember at the time I bought that there was a large differential in 1 beds but I just wasn't interested in some of them because of the location and I wanted sea and beach view without being overlooked, so paid more.

true, very little quality stuff left worth buying in Pacific at present, prices will obviously pick up again when the banks get their act together worldwide and when people see the quality and potential of living here or renting, being smack bang on the sea front... especially as Rakeen are responsible for overseeing the infrasctructure AND their project will be the first to be completed on the island in Bab Al Bahr at the entrance, there will obviously be pressure from their clients to get the general infrasctructure in place before they can properly handover...

...great update just out from SP. Now above ground, a massive morale booster to current investors...

Would one of you guys/gals be kind enough to post up your update. I'm invested in BluM but keep an eye on Pacific as I suspect we will be waving at each other at some stage :wave: [you will - of course - be laughing at us as you will have your own beach]. It would be great to see what the next construction stage looks like - as we are stuck at piling. :)

Would one of you guys/gals be kind enough to post up your update. I'm invested in BluM but keep an eye on Pacific as I suspect we will be waving at each other at some stage :wave: [you will - of course - be laughing at us as you will have your own beach]. It would be great to see what the next construction stage looks like - as we are stuck at piling. :)

Jasmines dad, always had a problem posting pics, private email me your email address and I'll send you what I have...

For what its worth I called SP last Friday and they are now upto 86% sold!

Rumour has it that Select does not have planning permission for Pacific. Has anyone seen a Rakeen document confirming planning permission for Pacific?

What do people think of the October update?

I feel there is alot of jargon thrown at us which we don't understand and are not expected to.

Pilling was supposed to have finished by June, foundations by Sept?


Kiriloo

Rumour has it that Select does not have planning permission for Pacific. Has anyone seen a Rakeen document confirming planning permission for Pacific?

What do people think of the October update?

I feel there is alot of jargon thrown at us which we don't understand and are not expected to.

Pilling was supposed to have finished by June, foundations by Sept?


Kiriloo

oh no, kiriloo, i think your informants may be on to something.....
.......no wonder there update was coded and in jargon. hmmmmmmm:nuts:

Hope I don't sound like Im pointing out the obvious here but if select didn't have planning permission, surely Rakeen would have noticed quite a long time ago and done something about it??

Nice to see you boarding the negativity train again ITSRAINING, I for one will wait for some facts again before I start to panic.

Hope I don't sound like Im pointing out the obvious here but if select didn't have planning permission, surely Rakeen would have noticed quite a long time ago and done something about it??

Nice to see you boarding the negativity train again ITSRAINING, I for one will wait for some facts again before I start to panic.

ahem ahem- im not boarding any train, quite the contrary, I was 'trying' to be sarcastic with my previous post.
Im one of the 'pma possee' thank you. (positive mental attititude)

ahem ahem- im not boarding any train, quite the contrary, I was 'trying' to be sarcastic with my previous post.
Im one of the 'pma possee' thank you. (positive mental attititude)


and excuse me MR WILLB - when was the last time you saw me makinng any negative post or jumping on any band wagon - that would be almost like saying al marjan island shouldnt have been 7km into the sea but 12 miles down the road and 5.2km in to the sea with planning permission (now thats what you call a rumour -kiriloo) ;-)

and excuse me MR WILLB - when was the last time you saw me makinng any negative post or jumping on any band wagon - that would be almost like saying al marjan island shouldnt have been 7km into the sea but 12 miles down the road and 5.2km in to the sea with planning permission (now thats what you call a rumour -kiriloo) ;-)

Ah my mistake ITSRAINING :lol:, I mistook you for another common poster on here with a not so positive outlook on things.. I'm sure you can guess who I mean.

Ah my mistake ITSRAINING :lol:, I mistook you for another common poster on here with a not so positive outlook on things.. I'm sure you can guess who I mean.


WILLB thats quite allright us positive lot need to stick together otherwise these negative types will spoil it for us all. :grouphug:

as for that other common poster and his mate I know who your talking about i got my eye on them hehehe.

However i would be interested to find out what people think about the last select update. It gave me some reassurance that something was definately going to be built- question would be how quick and what quality.

Having spoke with select recently they assured me that lessons had been learnt from The Point and delivering the quality was important as this was their 'own' project - but then they would say this i guess.

Anyway would be good to hear what the general feeling's are positive or negative about the construction.

WILLB thats quite allright us positive lot need to stick together otherwise these negative types will spoil it for us all. :grouphug:

as for that other common poster and his mate I know who your talking about i got my eye on them hehehe.

However i would be interested to find out what people think about the last select update. It gave me some reassurance that something was definately going to be built- question would be how quick and what quality.

Having spoke with select recently they assured me that lessons had been learnt from The Point and delivering the quality was important as this was their 'own' project - but then they would say this i guess.

Anyway would be good to hear what the general feeling's are positive or negative about the construction.

its all positive at pacific except we paid too much ???

I am not getting any payment reminder form SP. Should I be alarmed? Does any one could provide me a good attorney referrel I need to talk with someone.

I am optimistic about the construction and the development so far I tend not to add my comments to comments on this forum as there is a lot of paranoid posters that do nothing but bring their nervous energy with them.
Yes it is worrying times after the year we have had, but if you are going to make comments on this forum please back it up with some good evidence.
Anyway, one thing I would be interested in with at this stage is when the superstructures are up, is the width between the buildings

I am optimistic about the construction and the development so far I tend not to add my comments to comments on this forum as there is a lot of paranoid posters that do nothing but bring their nervous energy with them.
Yes it is worrying times after the year we have had, but if you are going to make comments on this forum please back it up with some good evidence.
Anyway, one thing I would be interested in with at this stage is when the superstructures are up, is the width between the buildings

the development appears to be progressing ok, the next update in december should be informative as now theyre above ground, we'll likely see more positive changes each time, the quality of neighbouring buildings and roads, lighting, utilities e.t.c will also make a big difference to rental yields.

the development appears to be progressing ok, the next update in december should be informative as now theyre above ground, we'll likely see more positive changes each time, the quality of neighbouring buildings and roads, lighting, utilities e.t.c will also make a big difference to rental yields.

Are there any neighbouring buildings next to this development though in close proximity at least?
I know of only the gateway city and the blue mirage and la hoya bay and marbella bay

A Select sales agent told me the neighbouring developers on our island would be hoteliers, then mentioned Bab al Bahr! Which is not on the part of Al Marjan??!!!. I asked her to name the hotel chains, and she drew a blank, hesitated and said that Atlantis on PJ was not announced early on in the plans for the palm, and was launched after a lot of the residential properties had been sold off....a vague answer if ever there was one!

Hello,
I have a 1 bedroom in Tonga I am considering selling . Direct sea facing, first floor.
If interested, pm me.

Hello,
I have a 1 bedroom in Tonga I am considering selling . Direct sea facing, first floor.
If interested, pm me.

Give it 5 years -- you may ok by then to sell

News from Pacific - the Al Hamra Mall is around 5 mins drive from Al Marjan and it really is a beautiful mall. Also, the new water theme park is now visible. Bab al Bahrs is also taking shape.

I've uploaded some Pacific pictures in Pacific Google Groups taken on 29th Nov:
http://groups.google.co.uk/group/pacific-owners/

Must say, lots of progress since my last visit and it's a very, very busy construction site.

I actually enjoyed some time on our beach with the family, and the construction workers (from the Punjab) joined in!! They explained that they expected to finish their work in around 15 months time :cheers:

I am actually planning a swim and barbecue evening during these beautiful cool nights on our Pacific beach mid-Dec if anyone is interested? It's already a fantastic location and the water is crystal clear.

Kiriloo

News from Pacific - the Al Hamra Mall is around 5 mins drive from Al Marjan and it really is a beautiful mall. Also, the new water theme park is now visible. Bab al Bahrs is also taking shape.

I've uploaded some Pacific pictures in Pacific Google Groups taken on 29th Nov:
http://groups.google.co.uk/group/pacific-owners/

Must say, lots of progress since my last visit and it's a very, very busy construction site.

I actually enjoyed some time on our beach with the family, and the construction workers (from the Punjab) joined in!! They explained that they expected to finish their work in around 15 months time :cheers:

I am actually planning a swim and barbecue evening during these beautiful cool nights on our Pacific beach mid-Dec if anyone is interested? It's already a fantastic location and the water is crystal clear.

Kiriloo

What an uplifting "post" & I am invested in BluM! Thanks Kiriloo :)

I was there before some days and noticed the progress. Same to Bab al Bahr! and very very big progress to Marbella Bay!!! Smaller progress was to Blue Mirage. In all these 4 projects there were workers seriusly working.

News from Pacific - the Al Hamra Mall is around 5 mins drive from Al Marjan and it really is a beautiful mall. Also, the new water theme park is now visible. Bab al Bahrs is also taking shape.

I've uploaded some Pacific pictures in Pacific Google Groups taken on 29th Nov:
http://groups.google.co.uk/group/pacific-owners/

Must say, lots of progress since my last visit and it's a very, very busy construction site.

I actually enjoyed some time on our beach with the family, and the construction workers (from the Punjab) joined in!! They explained that they expected to finish their work in around 15 months time :cheers:

I am actually planning a swim and barbecue evening during these beautiful cool nights on our Pacific beach mid-Dec if anyone is interested? It's already a fantastic location and the water is crystal clear.

Kiriloo

Hi Kiriloo
you are very positive about pacific this is good becuse crying will not help
i spoke to UK office last week and found out they have started 3 buildings at back they have not started 3 front buildings yet, so any body paid 30-45% must be worried.
can you confirm which buildings you have seen?at the back like tonga and others or Fiji and others ?
Mirpuri

Hi Kiriloo
you are very positive about pacific this is good becuse crying will not help
i spoke to UK office last week and found out they have started 3 buildings at back they have not started 3 front buildings yet, so any body paid 30-45% must be worried.
can you confirm which buildings you have seen?at the back like tonga and others or Fiji and others ?
Mirpuri



Yes, the buildings at the back seem to have progressed much further than those at the front.


Kiriloo

Kiriloo,

Thanks for the update , positive news which is good for all

Can you update your pictures here by any chance?

What is the width between the buildings like?

Give it 5 years -- you may ok by then to sell

:lol:

Sorry, it's not possible to upload files to this site I am afraid.

The width between buildings is a little difficult to guage at the point and needs a close inspection...I will try next time.


Kiriloo

Sorry, it's not possible to upload files to this site I am afraid.

The width between buildings is a little difficult to guage at the point and needs a close inspection...I will try next time.


Kiriloo


hello kiriloo, you mentioned a theme park in an earlier post, would this be WOW RAK or another one on/near al marjan as I havent heard anything about WOW RAK for ages, sounds positive though...

Its amazing why RAK has not made more of a song and dance about the theme park, here is the latest news (Dated 1st december 2009):-

Initially scheduled to open in May 2009, the delayed Ice Land Waterpark in Ras Al Khaimah (RAK), UAE will have its soft opening in December 2009 and its official launch in January 2010, according to developers. The snow-themed Ice Land Waterpark is the first phase of the 120-acre, Dh150 million WOW RAK mixed-use resort destination that includes a theme park being built in Ras Al Khaimah through a joint venture of Polo Amusements Group of India, RAK Investment Group and RAK Properties. RAK is one of the smaller but rapidly-growing emirates among the seven in the UAE. RAK shares a rugged border with neighboring Oman and has 25 miles of golden sand with emerging UAE resorts.

When finished, the Ice Land Waterpark will be one of the biggest waterparks (30 acres) in the Middle East and one of the top parks in the world, according to Balwant Chawla, managing director of Polo RAK Amusements, who expects a million visitors in year one. Designed to hold about 15,000 people at one time, the waterpark will also feature the region’s biggest man-made waterfall at 525 feet wide and 115 feet high, the first-ever area for aqua football, an artificial coral reef, scuba diving, a wave pool, 27 waterslides and a 645,000 square foot rain dance pool deck which will blast pulsating music while showing people. Other features include 70 kabana-style rooms, ice-skating, games, arcades, bowling alley, indoor golf and food courts.

The project calls for 14 hotels, a second theme park called Planet Earth and a 129,000 square foot Shopping & Entertainment Plaza within two years.

The Planet Earth Theme Park , spread over 24 acres, will feature 5 theme zones representing Oceanic, Cosmos, Mountain, Jungle and Desert --- each with thrill rides, kiddie rides, eateries and merchandising outlets. Each zone will alleviate the heat with the use of water bodies, greenery, mist, snow, ice and air conditioning. The Mountain Zone, for example, will have a roller coaster that runs through the snow play area, and the Oceanic Zone will have a clear water chute that takes people through a live underwater experience. For more, call 00971-50-4321301 or go email ceo@wowrak.org.


hello kiriloo, you mentioned a theme park in an earlier post, would this be WOW RAK or another one on/near al marjan as I havent heard anything about WOW RAK for ages, sounds positive though...

Anyone have any latest construction pictures for the project? Have not seen any here for a LOOOOOONG time.

Its amazing why RAK has not made more of a song and dance about the theme park, here is the latest news (Dated 1st december 2009):-

Initially scheduled to open in May 2009, the delayed Ice Land Waterpark in Ras Al Khaimah (RAK), UAE will have its soft opening in December 2009 and its official launch in January 2010, according to developers. The snow-themed Ice Land Waterpark is the first phase of the 120-acre, Dh150 million WOW RAK mixed-use resort destination that includes a theme park being built in Ras Al Khaimah through a joint venture of Polo Amusements Group of India, RAK Investment Group and RAK Properties. RAK is one of the smaller but rapidly-growing emirates among the seven in the UAE. RAK shares a rugged border with neighboring Oman and has 25 miles of golden sand with emerging UAE resorts.

When finished, the Ice Land Waterpark will be one of the biggest waterparks (30 acres) in the Middle East and one of the top parks in the world, according to Balwant Chawla, managing director of Polo RAK Amusements, who expects a million visitors in year one. Designed to hold about 15,000 people at one time, the waterpark will also feature the region’s biggest man-made waterfall at 525 feet wide and 115 feet high, the first-ever area for aqua football, an artificial coral reef, scuba diving, a wave pool, 27 waterslides and a 645,000 square foot rain dance pool deck which will blast pulsating music while showing people. Other features include 70 kabana-style rooms, ice-skating, games, arcades, bowling alley, indoor golf and food courts.

The project calls for 14 hotels, a second theme park called Planet Earth and a 129,000 square foot Shopping & Entertainment Plaza within two years.

The Planet Earth Theme Park , spread over 24 acres, will feature 5 theme zones representing Oceanic, Cosmos, Mountain, Jungle and Desert --- each with thrill rides, kiddie rides, eateries and merchandising outlets. Each zone will alleviate the heat with the use of water bodies, greenery, mist, snow, ice and air conditioning. The Mountain Zone, for example, will have a roller coaster that runs through the snow play area, and the Oceanic Zone will have a clear water chute that takes people through a live underwater experience. For more, call 00971-50-4321301 or go email ceo@wowrak.org.

I hope it turns out better than the website that promotes it:
http://icelandwaterpark.com/

I hope it turns out better than the website that promotes it:
http://icelandwaterpark.com/

hehe, my window-cleaning website is more advanced ;-)

OMG, what an amateur website!! If that website is reflective of the owner's ideas and visions of the Park itself, then I dread to think what the actual product itself would be like!

OMG, what an amateur website!! If that website is reflective of the owner's ideas and visions of the Park itself, then I dread to think what the actual product itself would be like!

What the hell you all moaning about, come on guys, its got Penguins !!!!!!!!!! What more do you need ???????? :lol:

What the hell you all moaning about, come on guys, it got Penguins !!!!!!!!!! What more do you need ???????? :lol:

You're right - apologies for my moaning and pessimism!
We should just be a bit grateful that something is going to be built. It did worry me that Pacific would be the only development standing on the Al Marjan islands upon completion and that the rest of RAK will have nothing to offer in terms of tourist attractions!

You're right - apologies for my moaning and pessimism!
We should just be a bit grateful that something is going to be built. It did worry me that Pacific would be the only development standing on the Al Marjan islands upon completion and that the rest of RAK will have nothing to offer in terms of tourist attractions!

At least we will be able to feed the penguins... that's gotta be a tourist attraction !!! :cheers:

You're right - apologies for my moaning and pessimism!
We should just be a bit grateful that something is going to be built. It did worry me that Pacific would be the only development standing on the Al Marjan islands upon completion and that the rest of RAK will have nothing to offer in terms of tourist attractions!

Has anyone else noticed that the Select Property website is now offering a 5% launch discount on Pacific? As it was launched 18 months ago, I think we should all be forming an orderly queue pretty quickly.

I'd just like to say though that it is very kind of you Select, doesn't quite make up for the losses yet, but at least it is something to fill the pockets for Christmas and I may just be able to put some turkey on the table now. :banana:

Yeah not exactly world class this water park, but at least it is being built albeit running 8 -9 months late.

What the hell you all moaning about, come on guys, its got Penguins !!!!!!!!!! What more do you need ???????? :lol:

They'll do well at 40 degrees in RAK summer !!:lol::lol:

They'll do well at 40 degrees in RAK summer !!:lol::lol:

Yes, they may well have overlooked the heat problems PD !! OH well, we will have to keep our ice trays well stocked.

Yes, they may well have overlooked the heat problems PD !! OH well, we will have to keep our ice trays well stocked.

this is good then and has confirmed my suspicions that it was WOW RAK, just hope that they start to work on the WOW factor!!

I may have overlooked this on other posts, but does anyone know where its actually based, and how far from if not neighbouring AMI... cheers guys.

Has anyone else noticed that the Select Property website is now offering a 5% launch discount on Pacific? As it was launched 18 months ago, I think we should all be forming an orderly queue pretty quickly.

I'd just like to say though that it is very kind of you Select, doesn't quite make up for the losses yet, but at least it is something to fill the pockets for Christmas and I may just be able to put some turkey on the table now. :banana:

Hmmm... It seems the 5% launch discount has now been removed from the site :lol:

Reading a bit more information though, I have noticed that not only will there be rooftop swimming pools but there will also be rooftop tennis courts... along with the rooftop gyms? Anything wrong with the ground, lets face it, there is nothing else going to be around there now but sand.

How many tennis balls flying off the roof into balcony windows will it take to see that this is actually a bad idea?? :ohno:

Yes, they may well have overlooked the heat problems PD !! OH well, we will have to keep our ice trays well stocked.

Ah come on they have wild penguins in Cape Town and they love the heat, I'm sure if more penguins knew about the UAE there would be a huge migration from Antarctica

Hmmm... It seems the 5% launch discount has now been removed from the site :lol:

Reading a bit more information though, I have noticed that not only will there be rooftop swimming pools but there will also be rooftop tennis courts... along with the rooftop gyms? Anything wrong with the ground, lets face it, there is nothing else going to be around there now but sand.

How many tennis balls flying off the roof into balcony windows will it take to see that this is actually a bad idea?? :ohno:

Thats assuming that the gap between the buildings will be big enough for a ball to fall between !!! lol.

I feel that I may have opened a can of worms with the Penguin thing... they were seagulls dressed up as penguins, cheeky little buggers !

Hmmm... It seems the 5% launch discount has now been removed from the site :lol:

Reading a bit more information though, I have noticed that not only will there be rooftop swimming pools but there will also be rooftop tennis courts... along with the rooftop gyms? Anything wrong with the ground, lets face it, there is nothing else going to be around there now but sand.

How many tennis balls flying off the roof into balcony windows will it take to see that this is actually a bad idea?? :ohno:

How many people will fall off the roof while playing tennis?

Hmmm... It seems the 5% launch discount has now been removed from the site :lol:

Reading a bit more information though, I have noticed that not only will there be rooftop swimming pools but there will also be rooftop tennis courts... along with the rooftop gyms? Anything wrong with the ground, lets face it, there is nothing else going to be around there now but sand.

How many tennis balls flying off the roof into balcony windows will it take to see that this is actually a bad idea?? :ohno:

you are joking about the rooftop tennis courts right?!?

taken from the SP website:

'Each of Pacific’s properties benefit from spacious balconies and access to a list of first class facilities, including private beach, rooftop infinity pools, health clubs and tennis courts.'

the only thing 'rooftop' are the pools, as was always the case, seems pretty clear to me, no?

you are joking about the rooftop tennis courts right?!?

taken from the SP website:

'Each of Pacific’s properties benefit from spacious balconies and access to a list of first class facilities, including private beach, rooftop infinity pools, health clubs and tennis courts.'

the only thing 'rooftop' are the pools, as was always the case, seems pretty clear to me, no?

http://www.selectproperty.com/invest/ras-al-khaimah/pacific/facilities/

http://www.selectproperty.com/invest/ras-al-khaimah/pacific/facilities/

oh my bad! seems like the info on the website is slightly contradictory, but if the tennis courts are in fact on the roof, then i agree that is a bit weird.

Tennis courts will be on the ground floor between the buildings themselves, the old brochure or website gallery showed this by way of CGI.

Tennis courts will be on the ground floor between the buildings themselves, the old brochure or website gallery showed this by way of CGI.
CGI - OMG :ohno:

Probably a couple of table tennis tables if the point is anything to go by ??

CGI - OMG :ohno:

Probably a couple of table tennis tables if the point is anything to go by ??

You will still be up for a couple of games though PD ??? I challenge you, best of 5 !!!!!! :cheers:

You will still be up for a couple of games though PD ??? I challenge you, best of 5 !!!!!! :cheers:

could be too old to play by the time this is finished eh?:lol:

New update arrived yesterday, did not expect one but i guess that they wanted to settle a few nerves out there after the dubai world debt news.
Do you think RAK will be affected by all of this?

Guys, Has any of you got their installment payment bounce as result of beneficiary name change?

Apparently the beneficiary name has changed from Pacific Limited Escrow A/C to Pacific Gulf Atlantis Limited Escrow Account. What piss me off is why is it we are the last to know of such a change? Now I wonder what else could be happening that Select has forgotten to inform us about!!!!!!!!!!!

Guys, Has any of you got their installment payment bounce as result of beneficiary name change?

Apparently the beneficiary name has changed from Pacific Limited Escrow A/C to Pacific Gulf Atlantis Limited Escrow Account. What piss me off is why is it we are the last to know of such a change? Now I wonder what else could be happening that Select has forgotten to inform us about!!!!!!!!!!!

when did you make your payment? i made my last installment on LPP at the end of Nov 09 and it went through fine to the old A/C name, got the receipt.

when did you make your payment? i made my last installment on LPP at the end of Nov 09 and it went through fine to the old A/C name, got the receipt.

Hi thanks.. good info.. Yes my December payment also bounced, I'm sure this will be the reason as my bank said it did not recognize the name. I will speak to SP to on Monday to confirm although seems a strange way to find out..

..

My December payment also bounced for the same reason, i contacted my SP rep and he informed my that the bank changed the name of the escrow acc. without informing them. I am in no rush to hand over the payment as i find this a bit sus. or am I over reacting?

My December payment also bounced for the same reason, i contacted my SP rep and he informed my that the bank changed the name of the escrow acc. without informing them. I am in no rush to hand over the payment as i find this a bit sus. or am I over reacting?

Im somewhat confused. My december payment did clear. Im not sure if to be concerned or not?? I know I could call SP direct but I am also aware that they will have a pre prepared answer to pat me on my back and send me on my way.

Is there any other way of finding out other then from SP if all this is above board???

How is everyone else feeling on this, is this something that is irrelevant???

My December payment also bounced for the same reason, i contacted my SP rep and he informed my that the bank changed the name of the escrow acc. without informing them. I am in no rush to hand over the payment as i find this a bit sus. or am I over reacting?

I got the same message and I'm with you, its very strange and would like to see something a bit more official with some reason given?

What is even more suspect is that Giles and all the top boys personal emails dont work anymore.......all come back with delivery failure notifications.........the plot thickens!

HMMMMMMMM!!!
So any suggestions on what & where we should go for more info other then select.

Bonkers trust you to surface when theres doom & gloom, missed you mate ;-)

I'm genuinely touched:| Whats the point of bringing u guys down and stressing u lot out if i have beef with select. But i noticed just before Christmas that all of a sudden my e mails were'nt going through> Now they could be blocking me cos i have done there head in or something is Dodge city.

I'm genuinely touched:| Whats the point of bringing u guys down and stressing u lot out if i have beef with select. But i noticed just before Christmas that all of a sudden my e mails were'nt going through> Now they could be blocking me cos i have done there head in or something is Dodge city.

Bonkers- whats your beef with Select??
I understand if its something your legally not alowed to share. But I would be interested to know what your genuine concerns are with the project if any,other then possible price reductions.

Have you called and asked them why your emails are bouncing back??

Is the name change of the Escrow Account UK or Dubai?

Also, I noticed employees from Select Propoerty in Dubai have gone AWOL

Something is not right here people - my guess is that either a load of people have been fired, or there is some kind of power struggle with the Management or a combination of both.

The upside of it is that the accounts are seemingly in a mess, there's no proper Account Management and changing Escow account name - hey, my alarm bells are ringing!!

Might need to make another trip to Al Marjan this weekend to see if there is any work going on!


Kiriloo

Latest requests for payment reminders in Dec-09 indicate no change in the Escrow Account in Dubai:

Pacific Limited Escrow Account
Beneficiary Bank Address: Dubai Islamic Bank, P.O. Box 1080, Dubai


Kiriloo

Latest requests for payment reminders in Dec-09 indicate no change in the Escrow Account in Dubai:

Pacific Limited Escrow Account
Beneficiary Bank Address: Dubai Islamic Bank, P.O. Box 1080, Dubai


Kiriloo

same problem, spoke to pacific, reassured me that there are no management issues, no changes, just the bank itself that decided to change update the details, still going strong, 86% sold out at present including dropouts...

Mark,

Is this in UK or Dubai?

I don't believe this...a Bank cannot just decide to change the name of the Escrow Acc...this sounds like ****shit! Change of name is a long and complicated legal procedure which is likely initiated by SP in this case...but why?


Kiriloo

I have call with SP ad they told me the same!!!! the bank has changed the name. I told him that it can 't be possible to change the account name without information to the investors,and they ansver me go give in the near explications to all off us.

Also I have had problems with my last payment end november not bounched buth several mails off them that my payment wasn't at time.What was verry strange for me. I send the transfer receipt with date off my bank to them and untill now I haven't receive the receipt off that payment off them so I asqed to day and they tell me that everyting was well now!!!! and go call me back tomorrow with more information and sed the receipt off payment!!!

And I asked the progress off the pacific and the ansver was verry well!!!!.
So I think that we must still waith off the explication off them.
And the update next month!!!

Hope all the best for us!!!

I am some what concerned now as I remember just before xmas I recieved a very random email from 'DubaiSelect Reception' asking me to update an attachment and return 'customer information sheet'- it was asking me basic details like my property unit number, project, contact details & NAME- incase any of these had changed..... is this genuine updating of details or could it be more??? hmmmmm

Any suggestions on how we can get to the bottom of this??

My recommendation would be to try to call an ex-employee of Select if you have a mobile and start digging there. I am trying but without success so far.


Kiriloo

My recommendation would be to try to call an ex-employee of Select if you have a mobile and start digging there. I am trying but without success so far.


Kiriloo

kiriloo, it was the dubai bank details that have changed name, I understand your suspicions and yes admit that the bank name change is a bit suspect but at the end of the day, this project is full steam ahead compared with other projects and SP would simply (unfortunate as it may be) fire more SP employees rather than let the project go under as I would assume that there's still lots of incoming payments being made AND yet to be made despite overall construction prices having gone down... I for one have seen quicker progress here than most other projects in Dubai or RAK at present in the last 2-4 months. Bab Al Bahr is also motoring ahead.

kiriloo, it was the dubai bank details that have changed name, I understand your suspicions and yes admit that the bank name change is a bit suspect but at the end of the day, this project is full steam ahead compared with other projects and SP would simply (unfortunate as it may be) fire more SP employees rather than let the project go under as I would assume that there's still lots of incoming payments being made AND yet to be made despite overall construction prices having gone down... I for one have seen quicker progress here than most other projects in Dubai or RAK at present in the last 2-4 months. Bab Al Bahr is also motoring ahead.

Marksageeza- good point you raise. I guess we should be pleased that there is progress here.

Hi thanks Marksageeza, yes I'm sure Pacific is going head speedily (i will confirm in the next few days after a visit there). However, still the bank name change is a little suspect for my liking. Since it happened in Dubai (nobody from SP has informed me by the way), i will do some further checking within some contacts I know in Dubai banking.

Kiriloo

Strange that 'the bank changed the name of the account' and not the customer, and also that all the other details, numbers ext, remain the same. I though the normal process would, as a minimum, require some instruction from the customer.

Strange that 'the bank changed the name of the account' and not the customer, and also that all the other details, numbers ext, remain the same. I though the normal process would, as a minimum, require some instruction from the customer.

You might like to check that none of the underlying parties to the Escrow agreement have changed: e.g. for our development [BluM] the Escrow Agreement was signed by RAKIA, our developer & the Bank. If none have changed then it sounds like a straight name change rather to any of the underlying parties.

Hi thanks Marksageeza, yes I'm sure Pacific is going head speedily (i will confirm in the next few days after a visit there). However, still the bank name change is a little suspect for my liking. Since it happened in Dubai (nobody from SP has informed me by the way), i will do some further checking within some contacts I know in Dubai banking.

Kiriloo

kiriloo, if you get a chance to go near the site, i and many others here would surely appreciate as many pics as poss regarding the views and current progress of other projects leading up to pacific in addition to as much as poss in an around the pacific site... regards.

The funds I transferred to Select has been returned to my account and I have communicated to Select that I will no longer be making further payments without an official explanation.

Let’s see if this explanation will ever arrive. What puzzles me is that the progress on the ground seems to be very well!!! Why Select is failing to gain the investors confidence?

To make things worse, I also received the email that ITSRAINIG is talking about, it looked dubious, I thought it was one of the scam emails that you get from Nigeria and ignored it! What is going on Select? Please reassure us.

Hello Everybody,

This is my first post. I have a unit in Pacific and also had my payment bounced back due to this name change. When I enquired about this with accounting at Select, I was intially more focused about the fees they charged to return then the name change, but then got alarmed that the name was so differnt. Ali Ayoub forwarded me the email from Dubai Islamic Bank regarding the charges. I took it upon myself to call the account controller at DIB and ask if everything was on the up and up. He mentioned to me that Select was working hard to finish the project and that everything was ok. This made me feel better. I have also asked him to talk to engineering and get an audited percentage of completion. This will allow us to assess the gap between where the construction process is vs the payments we have made.

On another note, we have an office in the same building as Select in Emaar business Park. They used to have one on the 2nd and 4th floor. They have moved out of the 4th floor (my floor) but still have the office on the second floor. I stopped by there recently and the faces for the most part look different. They clearly have reduced staff and that is not surprising given the real estate enviornment here.

To Select's credit, I did tell them that I wanted to go see the site in RAK and they were more than willing to take me on a tour. I bailed out at the last minute due to work. However they are the worst I have seen in communication. I can't beleive they have not come out yet with an explanation about the escrow.

At the end of the day, we all just want to know that this project will be finished and not at the expense of the finish on Pacific. I will keep you posted on what I hear back and just know that you have somebody looking out for your interest close to their office.

Best

it would be helpful if the select spokesman could drop a line here or if they could send emails to investors to clarify the position

Thanks Chidubai

Very informaive, that goes a long way towards setteling the nerves, however I just find the sp response indifferent. As far as I am aware they didnt tell anybody about the name change and therefore were aware that the payments were not going to arrive in the escrow account. Surly it is in their interests to issue an official explanation in the matter.

Thanks ChiDubai

I feel me more better to know that you are in the near off SP.
Please let us know when you have visite the site off Pacific and have a look arround iff there are other projects started.
Thanks forward.

Just come back off holiday to find that I, like others, have had funds bounce back from the usual account for Pacific. Going to call select tomorrow to see what their position is on this and will let you know any feedback from their end.

Thank you ChiDubai1 for all your effort, we do appreciate it. I can't believe Select has gone silence of this one, in the current market conditions the last thing we want is lack of communication. I am just hopping that everything is fine and it is just someone in Select is not doing his job properly.

this is what I receaved from SP today.

"Hi Eos,

I can confirm that the bank name has not changed. They have decided that the full bank name needs to be used as opposed to the shortened version they originally approved. This came to our attention once clients began to have problems as they did not inform us in advance of the change,

Kind Regards


Lawrence Tickle
Payments Executive

NEW! www.selectproperty.com
Tel. 0870 111 8890
Dd. +44 (0) 161 488 3580
Fax. 0870 444 1175
Email. lawrence.tickle@selectproperty.com"

I also emailed lawrence tickle about this change, he initially said the bank name had changed to 'Pacific Gulf Atlantis Escrow Account' but when I queried this he meant the beneficiary name i.e. the name of the escrow account. I don't think the bank name has changed, still Dubai Islamic Bank

I also emailed lawrence tickle about this change, he initially said the bank name had changed to 'Pacific Gulf Atlantis Escrow Account' but when I queried this he meant the beneficiary name i.e. the name of the escrow account. I don't think the bank name has changed, still Dubai Islamic Bank

I've just spoken with select and you're correct, the bank remains Dubai Islamic Bank however it is the beneficiary name that has changed. I got the impression that our monies bouncing back came as much of a surprise to them as it was to us. As I understand it and in line with the email to Eos, the account name Pacific Limited was an alterntive name for Pacific Gulf Atlantis, however now they'll only accept payments under pacific gulf atlantis.

I recommended that they let all clients know as soon as possible to avoid any confusion but it seems they're already creating something :banana:

I also emailed lawrence tickle about this change, he initially said the bank name had changed to 'Pacific Gulf Atlantis Escrow Account' but when I queried this he meant the beneficiary name i.e. the name of the escrow account. I don't think the bank name has changed, still Dubai Islamic Bank

Yes I concur too!

Hello Everybody,


To Select's credit, I did tell them that I wanted to go see the site in RAK and they were more than willing to take me on a tour. I bailed out at the last minute due to work. However they are the worst I have seen in communication. I can't beleive they have not come out yet with an explanation about the escrow.


Best

ChiDubai,

When and who did you talk to in Select for the guided tour?
When I recently asked about it, I was told that they dont do it as there are so many investors and access to the site is not easy.

Anilm,

This was in November. I spoke with a person named Sophia and she was going to take me there.

ChiDubai,

When and who did you talk to in Select for the guided tour?
When I recently asked about it, I was told that they dont do it as there are so many investors and access to the site is not easy.

Did anyone manage to visit the site?

Hi
can some one tell us about construction in last SG construction update they showed one building was comming up one fl. from groung rest nothing just few pillers
how about 3 buildings in front ? there is not even foundation
done yet, if you see this as % wise it is not even 20% and payments been asked from SP up to 70% .
i am aware we are not linked with construction linked payment but there must a way ask SG to play fare game but they are sending legal notice for payments to me i have paid last payment and i am adamant
not to pay this time untill there is clear indication or proof on construction is done as much as they say

i hope all of you are asking same question pls give your views
thanks
Mirpuri

Hi
can some one tell us about construction in last SG construction update they showed one building was comming up one fl. from groung rest nothing just few pillers
how about 3 buildings in front ? there is not even foundation
done yet, if you see this as % wise it is not even 20% and payments been asked from SP up to 70% .
i am aware we are not linked with construction linked payment but there must a way ask SG to play fare game but they are sending legal notice for payments to me i have paid last payment and i am adamant
not to pay this time untill there is clear indication or proof on construction is done as much as they say

i hope all of you are asking same question pls give your views
thanks
Mirpuri

Just checked the last update again and it does say and show a few 'vertical columns' for Bora Bora but not a massive amount more. when you say that the foundations havent been done yet, by no means am I a construction expert, but doesn't piling count as foundation work?

As for construction linked payments, im pretty sure there is nothing in my contract to say that payments shoudl be linked in anyway to construction and we merely have to pay by the dates in our payment schedules. as unfair as it might sound, select are obviously getting a lot stricter on missed payments but surely thats a good thing for the longterm investors? keep the money rolling in and the building gets completed, and hopefully on time. the only concern then is for investors to make sure that construction is still progressing in line with select's 'plan'. i know from speaking with my account manager that they're hoping to have the main shell of all the buildings done sometime in the summer this year giving them a year to fit the rest out, so i guess we'll find out from the next udpate how achievable this is going to be.

Hello Investors,

I agree with Will BB in regards to the fact that our payments are not linked to construction. However, I have attached a link to an article poted today that may give us some leverage moving forward. I heard they were contimplating this at RERA and I have a friend who consults for them. The new law would stipulate linking payments to construction and the ability to cancel if changes have been made to the property without our consent. Select would have to abide by this becuase even though our project is Ras Al Khaimah, they are incorporated in Dubai.

I dont have a payment for another 4 months and I dont plan on canceling, but I would love to get some leverage. I will keep you posted if I hear anything worth reporting.

Best,

ChiDubai

I was expecting to receive an apology and clarification from Select for the bouncing of funds instead I got a legal payment notice!!!! What do you call that? Typical Select, total arrogance and stupidity.

Hello Investors,

I agree with Will BB in regards to the fact that our payments are not linked to construction. However, I have attached a link to an article poted today that may give us some leverage moving forward. I heard they were contimplating this at RERA and I have a friend who consults for them. The new law would stipulate linking payments to construction and the ability to cancel if changes have been made to the property without our consent. Select would have to abide by this becuase even though our project is Ras Al Khaimah, they are incorporated in Dubai.

I dont have a payment for another 4 months and I dont plan on canceling, but I would love to get some leverage. I will keep you posted if I hear anything worth reporting.

Best,

ChiDubai

i think mojority investors love to see this project finish on time but what you do when Devaloper is not honest
i have invested in another project with SG in BC Dubai Marina it will be delayed about 3 years i paid up 80% already and wait almost 3 years for this to complete.
at least we deserve the truth why they are giving false construction updates
if they have good intension

i bet they are laughing at us when they read these threads that we have no unity
Mirpuri

last update from select
we will find out how much this is true in next update which is due this month

http://i46.tinypic.com/35j9ct1.jpg

^^think the update is due in feb not this month mirpuri, but I too eagerly await it to see what's happening especially with the lack of photos on here for a while.

Unlucky to all those man city fans out there, better luck with the FA cup! :lol:

I've succumbed and paid my last instalment to the new beneficiary name, I will let you know if it goes through or if it is a scam. I was late on a payment for another Select property and got a legal demand letter within a few days.. even though I had been trying to contact them unsuccessfully for the past weeks preceding this.

Any way I guess we are all agreed the property plans and sales pitch were great but the customer services and delivery sucks. Most long term business succeeds by word of mouth so not looking to good for them in the longer term.

I still dream of one day playing tennis on my rooftop and waving at that helicopter they show flying over the resort on the animation.... I also believe in invisibility and perpetual motion so I won't hold my breath.

I've succumbed and paid my last instalment to the new beneficiary name .......

Hi Ben, me too I have received that appalling legal notice from Select. I was expecting an apology letter for not letting me know about the change of beneficiary name!

What made it worse is that Select wants me to cop the fees that I incur for the bouncing of the transfer! I really got pissed off from their bullying tactics and told them to F*** off. The fees are not much only over three hundreds AED but still it is totally unfair and unacceptable to pay for a mistake that I as investor has nothing to do with it.:ohno:

Anyone here was asked by Select to pay for the cost incurred as result of transfer bouncing back?

Hi Ben, me too I have received that appalling legal notice from Select. I was expecting an apology letter for not letting me know about the change of beneficiary name!

What made it worse is that Select wants me to cop the fees that I incur for the bouncing of the transfer! I really got pissed off from their bullying tactics and told them to F*** off. The fees are not much only over three hundreds AED but still it is totally unfair and unacceptable to pay for a mistake that I as investor has nothing to do with it.:ohno:

Anyone here was asked by Select to pay for the cost incurred as result of transfer bouncing back?

Yes I really feel for you, it really makes you feel sick to your stomach getting such 'legal' demand letters after giving so much trust (and money) on an a sales pitch and 2 minute animation, and in most cases us chasing them to resolve issues..

I have never been treated like this before and obviously need thicker skin.. I like most, don't have such a problem with the challenges and delays but would just expect some common decency in how we are being treated. Those who follow the related threads will see this is far from unique.

I thought that the rules of the escrow account was partly to ensure payments and funds were used directly for the project and could not be side tracked to prop up other parts of the company?

I work hard in a stressful job and this is/was the dream keeping me sane of future holidays and fun times with my family with the hope of propping it up with rentals in between.. I still hold onto the dream or probably would just cut my losses.


Still I guess others on the island are having even harder times so it may all come good in the end. B

i agree with all of the above, not very impressed witht he treatment of their clientele.

i have a 1 bed on level 3 in Fiji tower. Its on a Long term payment plan, which in rela terms equates to aroun $5500 Australian Dollars per Qtr.

im looking to sell and looking to get back somwhere near AUD$100k of the AUD $140K invested to date.

ideas on the best place to list for sale? PM me...

i agree with all of the above, not very impressed witht he treatment of their clientele.

i have a 1 bed on level 3 in Fiji tower. Its on a Long term payment plan, which in rela terms equates to aroun $5500 Australian Dollars per Qtr.

im looking to sell and looking to get back somwhere near AUD$100k of the AUD $140K invested to date.

ideas on the best place to list for sale? PM me...

I had a look around various listing sites and there are people advertising a number of units in Pacific. But I dont believe that anything offplan is actually selling right now.

Maybe someone who has tried to sell can tell us their experience.