Project: Dream Harbour Tower
Type: Residential
Location: Dubai Waterfront , Madinat Al Arab
Developer: Desert Dream Real Estate & Investments LLC
Status: Approved
Floor Count: 48
Construction Start: ?
Construction End: ?
Brochure : http://www.dddubai.com/viewBrochure.html
Source: http://www.dddubai.com/

Same company is launching Dream Square next months-no idea where it is though.

International City Phase 3 - AEd 850-1,110 per sq.ft

This Company is really going to town just heard the launch is 14 August 2008 and they have Enrique Iglesias,Elissa and Raghav all performing live Wow got to be
there

Desert Dream plans three projects

Desert Dream Real Estate & Investments plans to launch three projects in Dubai over the next 18 months, a top company executive said.

Details of the first development, a commercial tower, will be announced by the end of this year. All three are currently at the design stage.

"We don't launch anything until we are happy with the progress of our existing projects," Chairman and CEO Mahmoud Khan told Emirates Business.

Desert Dream has already announced three developments including its first venture at Dubai Waterfront, the Dh1.7 billion Dream Harbour residential tower. Sales of units in the 48-storey building will begin today.

The other current projects are Dream Bay, a commercial tower at Business Bay, and Dream Square, a residential development at International City.

Khan dismissed suggestions that luxury developments in Dubai were losing their appeal.

"All over the world you have people who cannot afford luxury and you have a segment that will opt only for luxury living," he said.

"We are selling Dream Harbour in places such as Brazil where people are looking for high-end luxury developments.

"Dubai is about lifestyle and it offers a lot of elements. You have the beaches you have the security and the multi-cultural society."

He said Dubai was continuing to attract international buyers. Between 70 and 80 per cent the company's buyer profile was based overseas, mainly in Brazil.

"We have chosen to market the project internationally where Dubai is often regarded as the credit crunch-free zone. This label has helped to attract a lot of funds. Take annual rental yields as an example.

At an average of eight to 10 per cent yields in Dubai are high in comparison with Singapore, which offers three per cent annually, or England, which offers five per cent annually excluding tax of 30 per cent.

"Dubai is hassle-free and long-term investors who are looking to build a rental profile are interested to buy into this market and are spending a lot of money investing in properties here."

Dream Harbour will sell at Dh1,995 per sq ft upwards, with the developer phasing sales over a year.

"Every floor as you go higher will have an increment of Dh10 a sq ft upwards. And at every phase of the sale process we will raise the price by five per cent. We expect prices in Dubai Waterfront to be 40 to 50 per cent higher by next year."

Desert Dream has Dh400 million of investments in Dubai real estate sector and intends to increase this figure by Dh200m to Dh250m.

It has no plans to take on further external funding for its projects.

The company hopes that Desert Harbour will be granted a gold accreditation in the Leadership in Environmental Design Green Building Rating System in line with its strategy of delivering high quality products while achieving its environmental goals.

Desert Dream does not lay down conditions to prevent speculators buying into its real estate projects.

"We as developers cannot do that – I can't refuse to let someone buy something. If they wish to buy they can.

"Many investors come and ask us to let them underwrite our buildings but we don't want to. If people come and say they want our whole building we say it is against our company strategy."

48 floors, change title !!

http://i38.tinypic.com/29pvtk0.jpg

48 floors, change title !!

234sale, maybe you can do it !!!!! :cheers:

Dream Harbour is a 48 storey tower located in Madinat Al Arab, Waterfront. The tower consists of one, two, three, four bedroom mixed single level and duplex apartments plus luxurious mid-building penthouses. Dream Harbour offers 4 swimming pools, gymnasium, sauna & spa and a bustling souk, retails outlets/shops, cafes and restaurants. Retail outlets are tailored to the Arabian theme with a lavish style incorporating high ceilings and mezzanine floors in every shop to ensure the retail experience is not compromised.

The galleries with the historical arches and mosaic theme create the ever lasting souk experience.

Envisioned by Nakheel Waterfront is the largest master planned development in the world, with a projected population of 1.5 million people this development is set to be twice the size of Hong Kong.

PAYMENT SCHEDULE

BOOKING - 10%

FEBRUARY 2010 - 10%

NOVEMBER 2010 - 10%

MAY 2011 - 15%

NOVEMBER 2011 - 15%

COMPLETION - 40%

http://dddubai.com/index.php?page=projects

great! like to know who is the main contractor and construction has started or not?

They called me so i went to see them today, in the current climate this company is one of the only ones that seems to have any sense, i bought at 2100 psf and was worried about losing my money as i had bought at mid aug prices( a bit too high for todyas crisis), they did me a really great offer and saved my life by giving an apartment free and bringing my average price down by a lot i was so overwhelmed and relieved couldnt ask them for more. asked about when construction will commence and they told me that its imminent and they will make an announcment shortly.


Thanks to Desert dream and shen i can sleep in peace now. zzzzzzzz

Dream Harbour is a 48 storey tower located in Madinat Al Arab, Waterfront. The tower consists of one, two, three, four bedroom mixed single level and duplex apartments plus luxurious mid-building penthouses. Dream Harbour offers 4 swimming pools, gymnasium, sauna & spa and a bustling souk, retails outlets/shops, cafes and restaurants. Retail outlets are tailored to the Arabian theme with a lavish style incorporating high ceilings and mezzanine floors in every shop to ensure the retail experience is not compromised.

The galleries with the historical arches and mosaic theme create the ever lasting souk experience.

Envisioned by Nakheel Waterfront is the largest master planned development in the world, with a projected population of 1.5 million people this development is set to be twice the size of Hong Kong.

PAYMENT SCHEDULE

BOOKING - 10%

FEBRUARY 2010 - 10%

NOVEMBER 2010 - 10%

MAY 2011 - 15%

NOVEMBER 2011 - 15%

COMPLETION - 40%

http://dddubai.com/index.php?page=projects


does that mean that construction will start November 2010?

i think they are starting in march 2009

What is the final payment plan. As i see that the payment plan has changed 3 times ever since city scape???
If construction was meant to commence in March 09, why has it not????
Can i please find out from other investors if they have been happy with the response from desert dream- has everyone made second payments in feb ??

Do you know if this project has been awarded?

I am also an Investor in this project, lets get in touch to build up a common Inv Platform to deal with them, my cell no. is 050 7126385 lets discuss. Riz



What is the final payment plan. As i see that the payment plan has changed 3 times ever since city scape???
If construction was meant to commence in March 09, why has it not????
Can i please find out from other investors if they have been happy with the response from desert dream- has everyone made second payments in feb ??

http://www.rpdubai.ae/rpdubai/SharedFolder/ProgressIndicator/529_4301.jpg

I am also an Investor in this project, lets get in touch ... jann08@mail.ru

I own an apartment in Dream Harbout, does any one have any update about this project?

I own an apartment in Dream Harbout, does any one have any update about this project?

Everything in Dubai Waterfront is D-E-A-D. No way construction will start in the next 2 years - at the very least. Nakheel is on standby and will not move into new projects in forseeable future. Also Palm Jebel is dead as a doornail despite infrastructure being fairly advanced compared to Waterfront.

Dear All,

About Dream harbour .... I am an unfortunate investor too. They have no update .. I have filed a law suit against them. since last year. i have already won the case, they have filed for an appeal ... which they will not win for sure.

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Dear SK3
I am also investor in Dream harbour and very interested how you filed the law suit. Thanks for explaining or is there a contact call nr I can speak with you
Thanks



Dear All,

About Dream harbour .... I am an unfortunate investor too. They have no update .. I have filed a law suit against them. since last year. i have already won the case, they have filed for an appeal ... which they will not win for sure.

Hi there

Does anyone have any contact details for Desert Dream?

D

I am also an Investor in this project, lets get in touch to build up a common Inv Platform to deal with them, my cell no. is 050 7126385 lets discuss. Riz

Hi there

Did you manage to get hold of Desert Dream, I am also an invester with them who is trying to get the deposit back. They seem to have disapeared of the face of the planet??? My number is 050 5084764