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EMConcepts UK are about to help launch a landmark development in Ras Al- Khaimah. This project will be the centre piece for Al Marjan Island.
Set for Launch on June 9th this development is not beach front but will add executive urban living and provide much needed facilities for the island.
Prices are expected to start around 1400dh sq ft but completion date is not defined as the Island does not exist yet.

From:- http://www.freepressreleases.co.uk/Press_Releases/Property_and_Estate_Agents/Bab_Al_Badr-_%93Gateway_to_the_Moon%94_goes_on_alive!_2008060421378/


Bab Al Badr- “Gateway to the Moon” goes on alive!
Written by shahid
Wednesday, 04 June 2008
Bab Al Badr- “Gateway to the Moon” goes on alive!
emyproperty invites you on Monday 9th June 2008 the launching of the Bab Al-Badr( in Al Marjan island in Ras Al Khaimah a mixed-use commercial and residential development), under the patronage of H.H Shaikh Saud Bin Saqer Al Qasimi Crown Prince and Deputy Ruler of Ras Al Khaimah.
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emyproperty, an innovative Dubai-based developer and multi-services real estate company has announced that it will be launching an unrivalled project Bab Al-Badr known as “gateway to the moon ”. The growing popularity of Bab Al-Badr has attracted the investors from all over the world. The elliptical Bab Al Badr towers rise 13 and 14 storey high and linked by a Sky Bridge. It will be comprised of service studio apartments, townhouses & duplex apartments. Abu Dhabi, the capital emirate will likewise adopt Bab Al Badr, making itself yet another popularly built architectural opus in the region.Through the launch of its new projects, emyproperty is aiming to attract greater investment into Ras Al Khaimah, which will further boost the real estate sector within the emirate.



Ras Al Khaimah is a modern and flourishing destination that can capitalize on its huge tourism and commercial potential. Meticulous planning will ensure that Bab Al Badr offering the most selective investor a gateway to island living. RAK is a growing tourist destination as well as a free zone business hub and the property sector is gathering pace. Developments in the area have already seen their prices increasing by 20% annually for the past two years.



The Al Marjan Island is designed to become a haven of luxurious living and an unparalleled leisure destination. This incredible development will comprise of waterfront homes, floating villas, hotels, resorts, sporting facilities and commercial areas



Bab Al Badr is the project to be developed by emyproperty on Al Marjan Island, the master developer’s man-made coral-shaped atoll being built to extend four kilometres into the Arabian Gulf. On completion in 2009, the Bab Al Badr will encompass apartments, townhouses, service apartments, shops, offices and much more….. A deluxe development of emyproperty, that is designed to combine elegance, luxury and tranquility. A selection of experts in their field is involved in the development and operations of Bab Al Badr. Offering one of UAE’s greatest investment avenues, The Bab Al Badr is set to be the ultimate in luxury investment.


Bab Al Badr contains of 6 towers as entering into Al Marjan Island four, incorporating a total of 916 residential freehold apartments, 18 Townhouses and 260 total service apartments. Residents can enjoy free-hold ownership in addition to a myriad of facilities, gym, swimming pools separate for children with changing rooms. 3 level basements for parking 1,660 cars and 48 for disable people. 24 hour internal and external security. 24 hours coffee boutiques and retail shops available, super market on walking distance and hotel fitness and health club privilege access. The residents will also enjoy the high speed elevators, podium garden, podium parking and private gardens, landscaping and Professional property management services – maintenance & cleaning.


Bab Al Badr is located only twenty minutes from Ras Al Khaimah International Airport and 45 minutes from Dubai. The resort will be landscaped to have a tropical look, with coconut trees, flowers, shrubs, stones and waterfalls designed to allow for easy internal and external accessibility flow of residential and visitor traffic.


Rakeen, one of the region's most dynamic property developers and master planners, has launched the Al Marjan Island, a $1.8 bn. man-made island development off the coast of Ras Al Khaimah, UAE, during Cityscape Dubai 2007 at the Dubai International Exhibition Centre on October 16-18, 2007.

Three whole buildings have already been sold prior to launch.

Payment plan
• 10% on (Booking & Signing of Contract)
• 5% every 2 months until 50%
• 50% on completion of the project
• Finance is available from all major UAE banks subject to status

Wow, these islands are so beautiful ... wish they were in Dubai. I could handle this a hell of a lot better than that stupid Universe.

http://www.gowealthy.com/gowealthy/wcms/en/home/news/real-estate/Bab-Al-Badr-unveiled-on-Al-Mar-1213086047269.html

http://www.estatesdubai.com/uploaded_images/Bab-Al-Badr-island-748038.jpg


Property Management and Consultancy Company, e-myproperty, has forayed into property development, with the launch of its first iconic project, a Dh.1.1bn island property, Bab Al Badr, an offshore man-made development, at Al Marjan Islands in Ras Al Khaimah.


The senior officials of e-myproperty, revealed that the development will contribute a value of Dh.6.6billion to Al Marjan Islands, which spreads across 29 million square feet on the south west of the emirate.


Comprising 12 storey elliptical twin towers, the iconic island property will be linked by a sky bridge to an 8 storey building, and will offer a blend of high-end luxury residential units, serviced apartments and vibrant retail zone.


Bab Al Badr (Gateway to the moon) is a first-of-its-kind project, with all-round architectural excellence that blends tradition with modern amenities. The components of Bab Al Badr will offer modern amenities under one canopy. The project will include three levels of basement parking, podium parking, private gardens, restaurants, coffee shops, gymnasium, property management services, sauna, apart from studios, single, double and triple bedroom units, duplexes, and townhouses.


The construction of the project will begin in August 2008, and is likely to be complete by 2011.

Three whole buildings have already been sold prior to launch.
***

http://emyproperty.com/bab-al-badar/default.asp

Web site for Bab-al-badar. Looks like a great development. All serviced apartments have been sold out. Looks like the top floors are sold out.

Bab Al Badr had a grand opening :cheers:and very good cermony was held in Madinat Jumeirah. Many actors and artists were present to perform and entertain people. Actors from Bollywood were also present. All videos and photos are present on
http://www.emyproperty.com/Bab-Al-Badar/dg/index.html

enjoy :banana:

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Bab Al Badr, Al Marjan Island, Ras Al Khaimah : Launch

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http://www.nubricks.com/archives/1253/bab-al-badr-al-marjan-island-dubainew-development/

hi guys'
any updates on bab albadar

no activity on this thread

hi steve,
do u know if there is any progress on bab albadar development

developers finally managed to open escrow account on this development

any news on this project guys........seems to be an intresting one

to all respected senior members.......guys do you have any knowledge about this development, because i am sending my installements every 2nd month, but no updates and no information on the internet

to all respected senior members.......guys do you have any knowledge about this development, because i am sending my installements every 2nd month, but no updates and no information on the internet


have you spoken to developer? what did they say?

developers response to my mail was that island 4 is just completed and they are planning to start construction in march 2009

developers response to my mail was that island 4 is just completed and they are planning to start construction in march 2009


when was it? as far as i am sure the island was completed longggg time ago..:ohno:

when was it? as far as i am sure the island was completed longggg time ago..:ohno:

dear sola, the thing which i dont understand about this development is that you dont find any updates on the internet and nothing on their website except the launching ceremony......do you know any body else who bought in this development , i think i am the only one

dear sola, the thing which i dont understand about this development is that you dont find any updates on the internet and nothing on their website except the launching ceremony......do you know any body else who bought in this development , i think i am the only one


then my recomendation will be to look closely at your contract and speak to developer, they have to show you papers that they own the land etcc if you ask :blahblah:

dear sola, the thing which i dont understand about this development is that you dont find any updates on the internet and nothing on their website except the launching ceremony......do you know any body else who bought in this development , i think i am the only one

Hi Shammy
i also have invetsed in this project i was sent update on the project by devaloper i am sure if you ring them they will send you update
i think they are on target time
the only concern i had with them that they donot hold escro account when i asked them they replied they donot need escro account becuse they are sami goverment devalopers
mirpuri

Hi Shammy
i also have invetsed in this project i was sent update on the project by devaloper i am sure if you ring them they will send you update
i think they are on target time
the only concern i had with them that they donot hold escro account when i asked them they replied they donot need escro account becuse they are sami goverment devalopers
mirpuri

sorry rong thread
mirpuri

guys, any signs of construction on this project, i heard developers are definitely going to start in march 2009

any respected members who bought in this development.......????

was on the island a week ago, nothing is there:ohno:

sola did u buy in this development....??

sola did u buy in this development....??



nope, i havent bought anything on al marjan, just know the area:banana:

hi,

i have also bought a unit in this development but i have no information about the construction progress. i have contacted developer but no luck. does anyone knows what is going on?

hi,

i have also bought a unit in this development but i have no information about the construction progress. i have contacted developer but no luck. does anyone knows what is going on?

what did the developer say? have you been to their office?:bash:

hi sola and zeb,there is no progress regarding construction and developers r not sending any updates.my feeling is that they r on the run

hi, sola and shammy,
i have received the update on costruction. it says the soil inspection and other things have been completed. however, the construction has not started. they will announce very soon start of construction. i have never been to their office as i do not live in UAE. this is last month.

dear zeb,
who sent u the update,did u ring them.unfortunately i still have the feeling that developers r using delaying tactics.r u still paying your installements

dear shammy,

i have also tried to contact the developer directly but did not receive any reply. i am not very happy with developer's staff. we haveno choicefter 40% paid. however, the project has registered with RAKIA and i think Rakia understand the important of keeping investor protected. all project in emirate get delayed. i expect the start of construction early next year and finish in 2012. one year delay is standard in the UAE. if all the investor come together through thread then we can assert more pressure on developer.

Hi zeb,
thts a good news but not sure whether the project is really registered with rakia or not.i hope u r right in saying that the construction will start next year( a wishful thinking)......do u know any other investors in this project

HI shammy,

no i do not know any other investor. but i read all information in arabia buisness magazine. if you search for arabian buisness magazine in google and then bab al badr in magazine you will find few entries that mentioned the registration of project. alternatively, you can contact directly to rakia and email them. i hope this will help.

tanks

I have heard from a company member of EmyProperty that construction may start in February 2010. I don't know how true this is but if anyone has heard anything, please state.

this is pack of lies. they do not have money to construct the project. you need to contact to rakeen master developer for correct information.

This maybe lies dude, but what I did was phone EMConceptsUK today, who are the registered agents for EmyProperty based in the UK. They told me exactly what I was already told from my contact in EmyProperty. That is: a consortuim from Korea will be financing the project and negotiations between the parties have nearly concluded. EMConcepts will then update all investors in the next couple of weeks. He also stated that he has been in regular contact with the directors of EmyProperty (Mudasser Rafiq and a Mr. Khan) and construction will start (he could not tell me when).

I do understand your point also Zeb1 but we're both in the same situation and maybe we should try to seek out information from all parties concerned so we can plan our next step. I also tried phoning Rakeen today but their rep was of no help.

Surely if this project got off the ground we can atleast try to sell it off.

If anyone has any suggestions, please contact me.



this is pack of lies. they do not have money to construct the project. you need to contact to rakeen master developer for correct information.

DO YOU THINK AGENT WOULD TELL YOU ANY DIFFERENT STORY AS AGENT HAS HAD HIS COMMISSION. IF SOMETHING DRASTICALLY GO WRONG THEN INVESTORS CAN PROBABLY SUE THE AGENT. FORGET ABOUT SELLING ANYTHING IN RAK. GOOD LUCK.

I am unfortunately an investor in this project which is not going anywhere.
Does anyone have the owner of emypropertys home address as I want to ask him what is going on and will this project ever be built. If not what does he intend to do with our money.

Please assist someone. Any info given will be private and I will not publish or mention their name.

I am unfortunately an investor in this project which is not going anywhere.
Does anyone have the owner of emypropertys home address as I want to ask him what is going on and will this project ever be built. If not what does he intend to do with our money.

Please assist someone. Any info given will be private and I will not publish or mention their name.

Have any of you spoken to RAKIA about yet another project failing on AlMajan? Contact there is:
Karam S. Al Sadeq
General Counsel
RAKIA
PO. Box: 31291, Jazeera Al Hamra, RAKIA Office, 3rd Floor
Ras Al Khaimah, United Arab Emirates
E-mail: karam@rakinvestmentauthority.com (emailaddress@rakinvestmentauthority.com), Website: www.rak-ia.com (http://www.rak-ia.com/)

It would appear that you only had to come up with a nice model of your development and have a party to convince RAK that you had the substance to develop on this bloody island. Shocking, absolutely shocking. The developer can then start to rake in payments without any need to build anything and little recourse from RAKIA the tootless turtle.

Thanks for the details, I have just emailed Mr. Karam.

It has become abundently clear that the all projects on Al Marjan are in difficulties and until RAKIA doesn't intervene and take more a prudent approach to sort out this mess, no progress will be achieved.

That's two bad investments for me now (also BluMirage). I wish I could just turn back the clock 2 years.

I just hope that we all just get through this bad storm and but I believe that until Dubai and Abu Dhabi doesn't sort itself out first economically, things will not get better in RAK.

:ohno:



Have any of you spoken to RAKIA about yet another project failing on AlMajan? Contact there is:
Karam S. Al Sadeq
General Counsel
RAKIA
PO. Box: 31291, Jazeera Al Hamra, RAKIA Office, 3rd Floor
Ras Al Khaimah, United Arab Emirates
E-mail: karam@rakinvestmentauthority.com (emailaddress@rakinvestmentauthority.com), Website: www.rak-ia.com (http://www.rak-ia.com/)

It would appear that you only had to come up with a nice model of your development and have a party to convince RAK that you had the substance to develop on this bloody island. Shocking, absolutely shocking. The developer can then start to rake in payments without any need to build anything and little recourse from RAKIA the tootless turtle.

HI gujji,
dont consider yourself alone, i am also one of the unfortunate investor in BAB.
emy property sent me an email and then an official letter via DHL to ireland(my residing place) saying that this project is not going ahead, and they have arranged some other developers in dubai and our investment will be shifted to their project.at the end of letter they have mentioned three names with phone numbers.i rang and spoke to one of those idiots. he belongs to MEMON DEVELOPERS and was asking me about the exact amount of my investment so he can arrange some property for me in dubai sports city.this is complete bullshit and doesnt make any sense to me.
i am very obliged and thankful to JASMINES DAD that he has given the name of appropriate person in RAKIA.probably i will mail him as well, but i would love to ask more senior members what should be the appropriate way of approaching this scenerio keeping in mind the project has been cancelled by the developer.SUGGESTIONS WILL BE HIGHLY APPRECIATED

HI gujji,
dont consider yourself alone, i am also one of the unfortunate investor in BAB.
emy property sent me an email and then an official letter via DHL to ireland(my residing place) saying that this project is not going ahead, and they have arranged some other developers in dubai and our investment will be shifted to their project.at the end of letter they have mentioned three names with phone numbers.i rang and spoke to one of those idiots. he belongs to MEMON DEVELOPERS and was asking me about the exact amount of my investment so he can arrange some property for me in dubai sports city.this is complete bullshit and doesnt make any sense to me.
i am very obliged and thankful to JASMINES DAD that he has given the name of appropriate person in RAKIA.probably i will mail him as well, but i would love to ask more senior members what should be the appropriate way of approaching this scenerio keeping in mind the project has been cancelled by the developer.SUGGESTIONS WILL BE HIGHLY APPRECIATED

Was there an Escrow account for your payments? If so you should demand a refund. If they have formally cancelled this project you should have a case. Good luck - you will need it.

I tried calling Memon Investments and they don't know anything about this deal.

The office number for EmyProperty does not work either. I have Yousaf Maqbul Hussains number but he will not answer my call. Do you know his address?

Can you give me the number and the names that were on your letter so that I can call them too (I didn't receive this letter).

If may be better that we get our funds transferred to another project no matter how bad that project is? What do you say? Atleast it will finish and we can try to sell it off.

Thanks.

Thanks for the details, I have just emailed Mr. Karam.

It has become abundently clear that the all projects on Al Marjan are in difficulties and until RAKIA doesn't intervene and take more a prudent approach to sort out this mess, no progress will be achieved.

That's two bad investments for me now (also BluMirage). I wish I could just turn back the clock 2 years.

I just hope that we all just get through this bad storm and but I believe that until Dubai and Abu Dhabi doesn't sort itself out first economically, things will not get better in RAK.

:ohno:

I came across this on another post and may be worth looking at?

"They call it Real Estate Recovery Scheme. Basically you can swap your off plan property with a ready property. They will discount the S.P. of this ready property by the amount you have paid in the off plan project.
I am sure there must be more to this scheme...but worth checking out. You can get more details on http://www.smithandken.com/dubai-rea...ecovery-scheme (http://www.smithandken.com/dubai-real-estate-recovery-scheme)"

Also I have had an offer from Select to consider transfers to Pacific from the Blu Mirage scheme - the deposit you have paid could be deducted from the sale price [depending on how much you have paid etc..]. PM me if you are interested in this - I should say it had little take up by the BluM investors.

I suspect that as prices have fallen so significantly across the UAE that developers can take a hit and still get an above market price for a unit?

That is interesting.
I guess developers dont want to drop their prices. So discounting for a trade-in lets them do that because they can write-off the value of your trade-in.

BTW, Pacific is now expected to complete Dec 2011

That is interesting.
I guess developers dont want to drop their prices. So discounting for a trade-in lets them do that because they can write-off the value of your trade-in.

BTW, Pacific is now expected to complete Dec 2011

Yes, clever way of getting around having to drop prices directly, but surely there should be a limit to it, e.g. if you have paid 50%-60% elsewhere already, would they be able to absorb that?!

Jasmines Dad, did you go into much details with Select re their offer?

GUJJI,
sorry for the delay,u asked the names and numbers.
1:MR.YOUSUF VICEROY...050-5021155
2:MR.SHAH ASSAD......050-3452149
3:MR.ABDUL MAJEED:.....055-2837383

I spoke to the last bugger,sounds completely non-professional/illeterate person and my feeling about this whole issue is its another bloody scam,which i am not going to fall in it and i would rather try to pursuit the legal way/writing to authorities/informing media.
if u have the feeling that we can get advantage by talking to these new so called experts....talk to them ,we can discuss these issues later on.by the way if u are intrested in the copy of that official letter,give me your fax no and i would be more than happy to send u .

absolutely agreed with muffin62/anilm regarding the inflated prices and giving discount, another way of trapping you to get more money out of your pocket

Many thanks Shammy. I'll speak to them and let you know what they say.

hi every one,
i am planning to file a lawsuit against the developers (EMY PROPERTY),for officialy cancelling the project and not returning the money..........any thoughts or advise would be highly appreciated

hi,

that is a good idea. but why do you want to go alone? we all go together making our case more stronger. anyone else interested?

hi ZEB,
i would be more than happy to combine our strength. do get back to me if u r intrested in taking things further.i dont know what happened to GUJJI he was supposed to get back to me......if u see previous posts

My apologies for not getting back to you Shammy. I have been in contact with the owner of EmyPropery and I'm flying out to Dubai in April 2011 to resolve this by getting my money back. Will keep you guys informed.


hi ZEB,
i would be more than happy to combine our strength. do get back to me if u r intrested in taking things further.i dont know what happened to GUJJI he was supposed to get back to me......if u see previous posts

hi, i am in the process to contact a lawyer in dubai to file a case to recover money. i will keep you inform. if needed we will combine our strength shammy and gujjy. to shammy, let's see if gujji can get his money back without involving court.