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Offshore Developments Dubai's offshore projects including Palm Jumeirah, Palm Deira, Palm Jebel Ali and The Waterfront



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Old April 1st, 2009, 10:20 PM   #1
invester
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#PROJECT: AQUITAINIA (THE WORLD)

Does anybody own a property on aquitainia?

Last edited by bizzybonita; June 3rd, 2011 at 06:51 PM.
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Old April 4th, 2009, 07:02 PM   #2
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Hi does anyone know if this project is on time???
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Old April 4th, 2009, 08:32 PM   #3
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Hi Mick have they told u the payment will be due in June
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Old April 5th, 2009, 03:18 PM   #4
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No, but I also own couple of other properties in Dubai and in the last six months they have halved in value. Consequently the one bedroom apartment on Aquatania is therefore only worth half of the agreed purchase price. Have contacted SP and told them that they will have to reduce the purchase price otherwise no one will complete their contracts. Also all of the other SP developments next payments are due in June.
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Old April 5th, 2009, 03:31 PM   #5
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hi mick,
i think they are waiting to see who will pay before they make a Decision,
when i asked then how many people payed the jan payment they said about 40%
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Old April 5th, 2009, 05:14 PM   #6
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Invester i went to dubai 2 weeks ago and no sign of any work started on the islands thought you my be interested, i think this project will be years before completion, i think we will have to push for money back or swop to different project
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Old April 5th, 2009, 05:21 PM   #7
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SP say 40% have payed jan payment but I doubt it!!
I'm with you on swop project or money back which maybe difficult!!
Hopefully more people that have purchased will come on here!!
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Old April 5th, 2009, 05:35 PM   #8
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We are probably the only two purchasers
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Old April 5th, 2009, 05:39 PM   #9
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Hopefully!! We may just get our money back then!!!
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Old April 5th, 2009, 05:52 PM   #10
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Did speak to my lawyer whilst in dubai and he said if construction has not started within 6 months of launch we have good chance of getting money back, i think we need as many people as poss to force sp into cancelling project as it is a non starter in this current climate. By the way are you a uk invester
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Old April 5th, 2009, 06:15 PM   #11
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yes i live in the U.K.
thats good to know i think you are right if they do not start construction soon they shouldn`t ask for anymore payments and should think about cancelling this project.
I have also heard they have only sold about 30% of the whole project and i can not see them selling anymore units for some years to come in the current climate unless they bring there prices down considerably and still i doubt they will sell any.
even if the few people that have purchased units pay i dont think sp can continue with this project because no one will purchase anymore for a long time!!
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Old April 5th, 2009, 07:26 PM   #12
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Invester i will keep you updated , but one thing for sure i am not parting with any more money
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Old April 11th, 2009, 10:23 PM   #13
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Hi Mick,
well it looks like we are the only two that have purchased on this development as 600 + have view this thread so I think they should give our money back and cancel this project and concentrate on their other ones
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Old April 12th, 2009, 12:50 PM   #14
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Hi Invester
That would be nice but i won't hold by breath, i see you are unlucky enough to own a property on jebel ali as well , good long term bet.
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Old April 27th, 2009, 09:45 AM   #15
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Hi Mick any news from sp??
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Old April 27th, 2009, 11:02 AM   #16
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Hi Invester spoke to sp about a week ago, they said will be up date on project before 1st june. Not convinced
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Old April 27th, 2009, 08:18 PM   #17
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Hi Mick have you Been issued with a default notice from sp
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Old April 28th, 2009, 12:06 PM   #18
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Hi Invester, no my payment is not due until 1st june
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Old April 28th, 2009, 03:39 PM   #19
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Hi Mick did you pay your jan payment or did they extend it to June for you?... I see you are going to talk with Rera let me know how you get on!
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Old April 28th, 2009, 08:57 PM   #20
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Hi Invester, I bought pre-launch back in August. After discussions with them in November, they extended the payment schedule for me from Jan to June 09. A long story plus more to tell. If you would like to send me your personal email or phone number I will contact you with further details personally rather than posting a reply here.
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