#PROJECT: THE PALM JUMEIRAH

[maltster]

http://www.skyscrapercity.com/showpo...postcount=1425

[Parisian Girl]

Ramola Talwar Badam | June 20, 2012

DUBAI // The developer Nakheel is owed Dh15 million in unpaid service fees and will not maintain facilities in an upmarket residential development on Palm Jumeirah unless the owners pay up.

http://www.thenational.ae/news/uae-n...e-service-fees

[building1]

I just walked around the park between Golden Mile and shoreline apartments: there is a good progress. Park is more or less done in front of Golden Mile building 1 and 2. But it will take quite a bit longer to get to Golden Mile building 10. Maybe not done before year-end.

[Nimo1]

Originally Posted by building1

I just walked around the park between Golden Mile and shoreline apartments: there is a good progress. Park is more or less done in front of Golden Mile 1 and 2. But it will take quite a bit longer to get to Golden Mile 10. Maybe not done before year-end.

You possibly mean Golden Mile building 1 and 2.

[DXBSTAR]

A foreclosed luxury apartment on Palm Jumeirah’s Marina Residence has been sold for Dh11.58 million at last month’s Dubai Land Department’s (DLD) public auction, 'Emirates24|7' can reveal.

The 13,095 square feet apartment in Marina Residence 2 fetched 36 per cent more than the reserve price, which was set at Dh8.5 million.

Originally Posted by italiano_pellicano

dubai is really expensive

I'd hardly call 147 pounds sterling per sq. ft really expensive?? In prime central London real estate is 10 times that price!

[DXBSTAR]

I guess that's the value you get for not knowing if you'll have water in your swimming pool tomorrow!

[Parisian Girl]

By Parag Deulgaonkar | Published Friday, June 22, 2012

The six “emptied” and “closed” swimming pools in the upscale Marina Residences on the Palm Jumeirah, will be opened “as soon as possible” following collection of some service charge dues from owners, Nakheel has said.

http://www.emirates247.com/news/emir...06-22-1.464054

[DXBSTAR]

Originally Posted by Parisian Girl

http://www.emirates247.com/news/emir...06-22-1.464054

They should never have drained the swimming pools in Marina Residences or on the shorelines in the first place! Somewhat retarded way of policing the payment of service charges and grossly unfair on those who keep their payments up to date (and tenants who've paid high rents) but are unable to enjoy the facilities! Huge own goal for Nakheel because all it does is dent the reputation of the palm! People become more reluctant to rent there which has a knock on effect for potential landlords/purchasers etc. In most other countries they would penalise those who don't pay with warning letters/ threats of increased charges etc not resort to such primitive and unprofessional tactics!

[seagulls]

Originally Posted by DXBSTAR

They should never have drained the swimming pools in Marina Residences or on the shorelines in the first place! Somewhat retarded way of policing the payment of service charges and grossly unfair on those who keep their payments up to date (and tenants who've paid high rents) but are unable to enjoy the facilities! Huge own goal for Nakheel because all it does is dent the reputation of the palm! People become more reluctant to rent there which has a knock on effect for potential landlords/purchasers etc. In most other countries they would penalise those who don't pay with warning letters/ threats of increased charges etc not resort to such primitive and unprofessional tactics!

If I was owed 15 m I would do same thing. Owners need to understand they can not get something for free. Agree it's harsh on tenants , but no tenant should rent off a landlord that has not paid service charge . Hopefully this time next year any person looking to rent will make sure that the apartment has paid up and the development is financially secure. If these measures were not taken we would get no where. So stop moaning, pay up!

[DXBSTAR]

Originally Posted by seagulls

If I was owed 15 m I would do same thing. Owners need to understand they can not get something for free. Agree it's harsh on tenants , but no tenant should rent off a landlord that has not paid service charge . Hopefully this time next year any person looking to rent will make sure that the apartment has paid up and the development is financially secure. If these measures were not taken we would get no where. So stop moaning, pay up!

And what about all the owners who did pay their service charges? You seem to have forgotten about them and think it's perfectly ok for them to suffer from a lack of facilities because others haven't paid? Punish the guilty without forcing the innocent to suffer too. It makes the palm look cheap when they do things like drain swimming pools and shut down facilities! Can you imagine how embarassed owners who've paid must feel if for example they had family members visiting for the weekend!

[UK Bear]

Hi I am a new subscriber to the forum,and an owner of an apartment in Al Tamr building 15,we only get out to Dubai once or twice a year,so are not totally up with all the goings on.
We are up to date with all charges and have temp beach passes,but are a little concerned with someone mentioning the pools have been emptied
on the Shoreline clubhouses ?.
Can somebody please put us up to date.

[seagulls]

Originally Posted by UK Bear

Hi I am a new subscriber to the forum,and an owner of an apartment in Al Tamr building 15,we only get out to Dubai once or twice a year,so are not totally up with all the goings on.
We are up to date with all charges and have temp beach passes,but are a little concerned with someone mentioning the pools have been emptied
on the Shoreline clubhouses ?.
Can somebody please put us up to date.

Don't panic, shoreline seem to have over come the issues. The pool which have been emptied are Marina residences. So you are ok, ( assuming you have pais ya service charges?)and looking at the park now al tamr looks a good building to be in
next to station n soon to be linked to tram.

[DXBSTAR]

Originally Posted by Andy W

Hi

I am an owner and resident in Oceana. Please let me know exactly where you get your information from about issues with Oceana service charges?

Hi Andy,

Oceana was the only building I wasn't 100% on which is why I used the word "possibly". I know residents had their water supply disconnected there fairly recently and some even admitted to bathing in the swimming pool as a result! (check the interviews in newspaper articles on the web if you don't believe me) but I think this may have been a separate maintenance issue unrelated to service charges. With regards to Shoreline buildings, Tiara Residences, Marina Residences (and as seagulls mentions Golden Mile) it has 100% been the case that they cut off communal facilities for several days when residents didn't make service charge payments even if others did and this seems to be a routine policy!

ps Whatever you do don't name your kids Ashley!

[DXBSTAR]

Btw all this business about Nakheel being owed 15 million by residents who haven't paid their service charges could all be b.s! We all know Nakheel can't balance their books for love or money and have been facing major difficulties in paying contractors fees for essential maintenance and services so maybe they are just making excuses for stalling their contractors with payments by blaming it on residents. Nakheel should always make sure they have enough money in the kitty to uphold the palm's repuation and keep facilities running in such situations regardless and pursue defaulters separately.

What worries me is if they are stalling paying contarctors on the things you can see, what about the contractors they aren't paying for the things you can't see? Remember when a giant pothole suddenly appeared on a road on the palm and a taxi driver's vehicle fell into it and he couldn't get out!..the explanation.."a pipe burst underground and since the palm is built on compressed sand some of the sand washed away and the road collapsed"..not really good enough is it!..what would have happened if the guy died?..let me guess the story would be denied and get swept under the sand!

[Andy W]

Originally Posted by DXBSTAR

Hi Andy,

Oceana was the only building I wasn't 100% on which is why I used the word "possibly". I know residents had their water supply disconnected there fairly recently and some even admitted to bathing in the swimming pool as a result! (check the interviews in newspaper articles on the web if you don't believe me) but I think this may have been a separate maintenance issue unrelated to service charges. With regards to Shoreline buildings, Tiara Residences, Marina Residences (and as seagulls mentions Golden Mile) it has 100% been the case that they cut off communal facilities for several days when residents didn't make service charge payments even if others did and this seems to be a routine policy!

ps Whatever you do don't name your kids Ashley!

Hi DXBSTAR

Thanks for the quick reply. I am not on the Residents Board of Oceana so do not see the accounts but when the issues were going on with the Shoreline I asked our Owners Association Manager how things were looking with the Oceana Service Charges and collection of fees. She told me everything was fine so I believe her. Bare in mind that Movenpick owns a hotel on the Oceana site so is paying a significant portion of service fees in addition to the residents which helps.

I am sure Oceana has its fair share of defaulters but relatively speaking I believe that owners here might be more forethcoming with their service charges because they have been approved by RERA, this year we had a reduction in fees (I think it was 25%) and generally the developer has delivered most of what he promised. Yes we have issues but there is a dialogue and they are being addressed, albeit slowly at times.

Sorry to ask but please be a little careful with how you phrase such things because such statements could impact people's investments. The water supply disconnection had zero to do with service charges and was done because of some serious problems with the mains water supply. We've had a couple of disconnections late at night (to avoid disruption) which once stretched over a couple of days becuase the problem couldn't be fixed. It was a real problem because people couldn't wash, make food, look after their kids etc so the story made the press.

I'll say it again- it is my understanding that Oceana has no issues with service charges and can not be put in the same league as Nakheel with the Shoreline and Marina Residence.

PS I do not work for Asteco, Seven Tides or similar company. I am just an owner and resident of one single apartment in Oceana!!! All the best.

[UK Bear]

Hi has anyboby got any up to date photos of the gardens and running track between the Golden Mile and Shoreline Apartments,and also the old Trump site.
I have not been over since last Nov when they just started to tidy it up,and would love to see some new photos.
Also once they open the car park at Trump Station will the monorail stop there ? i personally hope so because for me being in Al Tamr it would make it much easier to get to and from Atlantis.

[seagulls]

Originally Posted by DXBSTAR

Btw all this business about Nakheel being owed 15 million by residents who haven't paid their service charges could all be b.s! We all know Nakheel can't balance their books for love or money and have been facing major difficulties in paying contractors fees for essential maintenance and services so maybe they are just making excuses for stalling their contractors with payments by blaming it on residents. Nakheel should always make sure they have enough money in the kitty to uphold the palm's repuation and keep facilities running in such situations regardless and pursue defaulters separately.

What worries me is if they are stalling paying contarctors on the things you can see, what about the contractors they aren't paying for the things you can't see? Remember when a giant pothole suddenly appeared on a road on the palm and a taxi driver's vehicle fell into it and he couldn't get out!..the explanation.."a pipe burst underground and since the palm is built on compressed sand some of the sand washed away and the road collapsed"..not really good enough is it!..what would have happened if the guy died?..let me guess the story would be denied and get swept under the sand!

Seriously, you need to let it go. Nakheel have been a nightmare I agree, but things are looking up at last for it. Do not know your situation, but guessing you have been hit hard. Rubbishing every development on the palm is not what owners/investors want to hear. You sound like the UK media!
For the 1st time in 3 yrs its better than ever. The park is looking good and should be opened in next few months. Hopefully Nakheel and ifa will sort their dispute out and shops will open( not holding my breath though). Waitrose, pizza express, and many more waiting to get going. I know a few people looking to buy on the palm for the first time in years, so that, along with prices finally increasing, its not a bad place to be an owner and to live. If you are that unhappy and worried about being killed falling down a hole then sell up as I may know a buyer or 2.

[DXBSTAR]

Originally Posted by Andy W

Hi DXBSTAR

Thanks for the quick reply. I am not on the Residents Board of Oceana so do not see the accounts but when the issues were going on with the Shoreline I asked our Owners Association Manager how things were looking with the Oceana Service Charges and collection of fees. She told me everything was fine so I believe her. Bare in mind that Movenpick owns a hotel on the Oceana site so is paying a significant portion of service fees in addition to the residents which helps.

I am sure Oceana has its fair share of defaulters but relatively speaking I believe that owners here might be more forethcoming with their service charges because they have been approved by RERA, this year we had a reduction in fees (I think it was 25%) and generally the developer has delivered most of what he promised. Yes we have issues but there is a dialogue and they are being addressed, albeit slowly at times.

Sorry to ask but please be a little careful with how you phrase such things because such statements could impact people's investments. The water supply disconnection had zero to do with service charges and was done because of some serious problems with the mains water supply. We've had a couple of disconnections late at night (to avoid disruption) which once stretched over a couple of days becuase the problem couldn't be fixed. It was a real problem because people couldn't wash, make food, look after their kids etc so the story made the press.

I'll say it again- it is my understanding that Oceana has no issues with service charges and can not be put in the same league as Nakheel with the Shoreline and Marina Residence.

PS I do not work for Asteco, Seven Tides or similar company. I am just an owner and resident of one single apartment in Oceana!!! All the best.

Fair enough Andy and all the best to you too

[DXBSTAR]

Originally Posted by seagulls

Seriously, you need to let it go. Nakheel have been a nightmare I agree, but things are looking up at last for it. Do not know your situation, but guessing you have been hit hard. Rubbishing every development on the palm is not what owners/investors want to hear. You sound like the UK media!
For the 1st time in 3 yrs its better than ever. The park is looking good and should be opened in next few months. Hopefully Nakheel and ifa will sort their dispute out and shops will open( not holding my breath though). Waitrose, pizza express, and many more waiting to get going. I know a few people looking to buy on the palm for the first time in years, so that, along with prices finally increasing, its not a bad place to be an owner and to live. If you are that unhappy and worried about being killed falling down a hole then sell up as I may know a buyer or 2.

This has turned into an interesting bit of banter Nah haven't been hit hard did pretty well off the palm (lucky with timings) and have owned and lived in different buildings there over the years including Al Nabat shoreline and Tiara Residences. The reason I've been vocal about these points is because I believe in arguing for what's right and I still believe punishing people who have paid their service charges for the sake of people who haven't paid them is grossly unfair and not a practise that should be encouraged in any way in the future. I'd invest on the palm again if all the issues are resolved because it is still an amazing project although at the moment I have severe reservations over Nakheel's ability to manage such a huge project and the amount of trust that has been betrayed so far/damage done to its reputation. Also waiting to see how the current political turmoil sweeping the Middle East pans out especially with Iran being so close by. Things could get alot worse or prices could rise if money is attracted to Dubai because of instability in the region which often happens (could go either way) so I'm watching the market very closely! Anyway good luck to all those invested let's see how things progress from here, hopefully it will be a case of and not but like you said I'm not holding my breath either especially seeing as they haven't built the shopping mall yet and the monorail stops at a huge hole even though the recorded announcement says the next stop is Trump Towers?? Just speaking the truth don't shoot the messenger!

[PrincessTower]