http://i36.tinypic.com/3481zme.jpg

Project Name ARABIAN TOWER
Type RESIDENTIAL
Project Completion DEC 2010
Project Overview Arabian Tower offers a high rise aquatic environment boasting an ultra-modern facility with stunning panoramic views. This 30 storey high impressive residential tower offers an innovative mix of spacious Studio, 1 and 2 bedroom apartments.
Location Arabian Tower is strategically set in Jumeirah village, the most sought after community development in the heart of the city. The ideal location would bring you the edge of being in an urban niche which offer an array of facilities fit for a tranquil and dynamic lifestyle. This cute cluster of residential apartments is an artistic fusion of classic and contemporary style of German architecture.


http://i38.tinypic.com/23j0prs.jpg

Hi, would welcome any news on Arabian Tower - anybody know wassup?

^^What's good...

Which kind of news u like ???

So in that left-to-right diagonal road we'll see like a mini-szr of mid/"high"rises in a long stretch going through the park and out on the other side?

Thats pretty cool! I've noticed some people saying JV is a werid project because there are some many different things and styles going on. But I think that this diversity is excactly what will make JV a real modern, bustling community when it is finished. Much more so that jumeirah islands for example.

Developer " Aryene Properties LLC

http://www.aryene.com/

Arabian Tower investors seek cancellation

http://i27.tinypic.com/21jyusi.jpg

By Staff Writer on 8/5/2009

A group of investors, claiming two-third majority, has twice petitioned Dubai's Real Estate Regulatory Agency (Rera) for cancelling Arabian Tower project in Jumeirah Village.

MF Khan, a spokesperson for the group, told Emirates Business that the group had met senior Rera officials on April 1 with a petition for cancellation of the project by Dubai-based AA Global.

The Rera official, he said, told them that the agency had the power to cancel the project, but will first conduct its own investigation to validate the facts/claims of the group of investors.

The next day the group submitted a detailed petition with Arabic translation to Rera's office. Since there was no information from the agency, the investors submitted a second petition with signatures of more buyers to the legal department of Rera.

"Since then, our group representatives have so often gone to Rera's office, but without any result. It seems that unfortunately Rera still is unreasonably favouring developers, and playing around with buyers," said Khan.

He added that the developer sent them a letter on July 15 informing that he had got the permission for the project and that construction was about to start.

"It will be impossible for the developer to complete the project while majority of the buyers are not going to pay further. He has been given clearance a month after our second petition.

"We believe it should be for the developer to prove that majority of buyers favour the project and want it to be constructed. He should not have given permission to start construction, unless and until he proves it in a transparent way, with details of buyers who want so, as they will be members of owners' association," said Khan.

Akbar Ali, owner of AA Global, said the company was in a position to start the project soon but it took time to complete formalities with various departments.

He claimed as per the reservation and agreement contract duly signed by the clients, the developer could make changes in drawing/design to seek final approval from the authorities.

However, investors said clause 20 of reservation agreement clearly states that changes will be made only "for necessary government approvals" – not unilaterally by developer to cut cost such as by reducing the height of the building.

Further, the investors said the developer refused to renegotiate prices even as building material prices have come down drastically.

"He sold at a time when price was high and is building at a time when cost is low, thus cheating buyers. He promised a completion date of December 2010, but there is no hope of completing the project on time."

The developer did not mention when the project will be completed. But the developer said he was planning to give "best" discount for "valued" customers in this regard.

"We have submitted design/ drawing to the authorities for final approval. As soon as we receive it, we will inform our clients with attractive discount prices."

AA Global said the project was sold at very low prices (Dh725 per square feet) compared to the other developers during the peak time. However, many investors have paid Dh1,000 per sqft, claimed investors.

"Our clients are valued and if they approach to meet with us we welcome them. We have updated them time to time regarding our project by email, post and fax and have send copy to Rera."

Investors also claimed the developer was "arrogant and not willing to meet them". "He does not meet us or ever reply to our letters."

http://www.business24-7.ae/Articles/2009/8/Pages/04082009/08052009_3f14774b6cfb437d9a04362b7aa512a8.aspx

http://i46.tinypic.com/9r83cz.jpg
http://www.rpdubai.com/rpdubai/jsp/ProjectIndicator.jsp?imageLoc=../SharedFolder/ProgressIndicator/736_24.jpg&projectName=Progress%20Indicator%20of%20Arabian%20Tower

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/736_24.jpg

hi guys,
any news about this project?
there is any investor in this tower?
many thanks
bye

guys, I am one of the investors in Arabian Tower and was hoping this will materialise at some point in time. Having lost all these hopes, I would like to know how other investors are planning to proceed. I would like to join the group if there is one and we can then start sharing progress.

Please respond with any info you have on this

Hello - is there any way I can get in touch with some investors on this project? Some thing needs to be done here. I am going legal - let me know if anyone has got any experience in dealing with this. My email is d.tharoor@gmail.com