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#PROJECT: THE ROYAL ESTATES ( DIP)

201K views 415 replies 54 participants last post by  idkman 
#1 · (Edited by Moderator)



An elegant lifestyle awaits you at The Royal Estates, a 3.6 million sq. ft. premier community in Dubai Investment Park. Relive the timeless majesty of Early English Eras at exquisite homes with Victorian, Georgian and Regency architecture. Surrounded by swan-filled lakes, babbling brooks, stone bridges and a labyrinth of flowered gardens, The Royal Estates is your gateway to tranquil and exclusive living.


Official website

http://www.royalestates.ae/
 
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#31 ·
Project Status Detail for Royal Estate Dubai Investment Park
Its cancelled project.
See project Status


Land Number 3
Area 458
Project Number 945
Project Name THE ROYAL ESTATES
Project Location DUBAI INVESTMENT PARK FIRST
Project Adoption Date 12/13/2007
Project Percentage 6.63
Real Estate Developer Name: ARISTOCRAT STAR INVESTMENT L.L.C
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 4498001154
Bank Name: MASHREQ BANK PSC
Project Status Cancelled
 
#32 ·
Land Number 3
Area 458
Project Number 945
Project Name THE ROYAL ESTATES
Project Location DUBAI INVESTMENT PARK FIRST
Project Adoption Date 12/13/2007
Project Percentage 6.63
Real Estate Developer Name: ARISTOCRAT STAR INVESTMENT L.L.C
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 4498001154
Bank Name: MASHREQ BANK PSC
Project Status Cancelled
Project Status Detail The project is register in RERA for off plan sales and the records indicate that the project has been canceled and transferred to the liquidation Section of the stalled projects under Trust Account department in order to complete the procedures of adjustments. Please contact the liquidation Section department on the following Email address liquidation@rera.gov.ae.
 
#34 ·
latest response:

Thank you for writing to the Dubai Land Department.

In response to your E-mail, kindly be informed that you project the royal estate is active. Check below information:

Project Number:945

Project Name:THE ROYAL ESTATES

Project Location:DUBAI INVESTMENT PARK FIRST

Project Adoption Date:12/13/2007

Project Percentage:6.63

Real Estate Developer Name:ARISTOCRAT STAR INVESTMENT L.L.C

Master Developer Name:DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)

Trust Account Number:4498001154

Bank Name:MASHREQ BANK PSC

Project Status:ACTIVE

Project Status DetailThe project is register in RERA for off plan sales and the records indicate that the project is under construction and was audited recently. To know the progress of construction works. Please visit the website of the Land Department (www.dubailand.gov.ae) then (e-services) and click (Project Status Tracking Service) to obtain a copy of the technical report of the project.
 
#37 ·
I can see people confusing the projects.
This is the status report for the Palisades on rera website and it is CANCELLED !!!!
Project Status Detail

Land Number 13
Area 458
Project Number 342
Project Name THE PALESIDES
Project Location Dubai Investment Park First
Project Adoption Date 12/6/2007
Project Percentage 6.89
Real Estate Developer Name: PEARL PROPERTIES
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 490068159003
Bank Name: ABU DHABI COMMERCIAL BANK
Project Status Cancelled Investor Detail
Project Status Detail The project is register in RERA for off plan sales and the records indicate that the project has been canceled and transferred to the liquidation committee of the stalled projects in Dubai Courts
 
#38 ·
Please do not confuse people by writing wrong information Royal estate is active project and details is below. Compare yourself.


Project Status Detail


Land Number 3
Area 458
Project Number 945
Project Name THE ROYAL ESTATES PLOT.2
Project Location Dubai Investment Park First
Project Adoption Date 12/13/2007
Project Percentage 9.69
Real Estate Developer Name: ARISTOCRAT STAR REAL ESTATE DEVELOPMENT LLC
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 4498001154
Bank Name: MASHREQ BANK PSC
Project Status ACTIVE Investor Detail
Project Status Detail The project is register in RERA for off plan sales and the records indicate that the project is under construction and was audited recently. To know the progress of construction works. Please visit the website of the Land Department (www.dubailand.gov.ae) then (e-services) and click (Project Status Tracking Service) to obtain a copy of the technical report of the project.
 
#39 ·
Real Estate Trio announces the 2.3bn – Royal Estates in Dubai Investments Park
: Thursday, July 17 - 2014 @ 09:42
Following the recent joint venture agreement that was penned down between Aristocrat Star, PAL Developments and Pacific Ventures. The partners revealed the project name and details while announcing the pre-launch phase.
Royal Estates in Dubai Investments Park is what the 2.3bn master planned development is named. The beautifully landscaped community grounds will house 2000 units in all, comprising apartments, villas, boutique retail spaces, an office complex and a luxury hotel.
The Royal Estates will go on sale from the first week of August with apartment units starting at Dhs450,000 and townhouses from Dhs1.6m onwards.
Atiq Merchant, Director, PAL Developments LLC, said: “The Royal Estates community provides a sanctuary of purposefully designed spaces complimented by inspired aesthetics that celebrate the innovation and modernization that are synonymous to Dubai today.” He added, “It presents an outstanding opportunity, providing a range of choices for investors and home owners in a locale where demand is expected to rise ahead of the Dubai 2020 Expo. Given our team’s collective inclination to create an ideal community that rejoices family living, Royal Estates promises to be a perfect backdrop for all those precious memories waiting to be created.”
“A step above the rest is what we have strived to create with Royal Estates by ensuring every aspect of the development is nothing less than the best. We are excited about the venture and commit our best to all investors from quality to delivery”, said Osman Valli, Chairman, Aristocrat Star Real Estate Development.
“The Royal Estates development is the fruition of a common vision shared between the team, a vision to create accessible investment opportunities within high quality real estate in Dubai. The project reflects Tony Ashai’s contemporary and chic design sensibilities while being housed in the midst of lush green landscaping. And considering the attractive introductory price points we have finalized, Royal Estates has all that it takes to become every family’s dream home”, said, Parvez Khan, Chairman, Pacific Ventures.
The project sales will commence on August 7th 2014 and Phase 1 of the project comprising of 400 units shall be delivered during the first quarter of 2016.
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Hi
The above mentioned news will clarify every thing on the project.
I wish Aristocrate royal estate should have informed all the investors and clarified but they behaved un professional.
 
#41 · (Edited by Moderator)
2,000-unit Royal Estates launched in Dubai Dubai, 2 hours, 48 minutes ago

The Dh2.3 billion ($626 million) Royal Estates project was officially launched by Bollywood superstar Shah Rukh Khan at an event held in Madinat Jumeirah in Dubai recently.

The development is a collaboration among Aristocratic Star, PAL Developments and Pacific Ventures, said a statement.

The 2.3 million sq ft gated community located in Dubai Investments Park next to the Expo 2020, features 2,000 units comprising two, four and five bedroom townhouses, apartments, boutique retail spaces, an office complex and a luxury hotel, it said. “Everyone’s story begins in their home and no home is less than a kingdom for its residents.

Three renowned and experience organisations Aristocrat, Pal and Pacific Ventures have partnered to develop and present Royal Estates which ensures uncompromised comfort, elegance, safety and a state of the art landscaped serenity that weaves a stellar community. I am delighted to be associated with this project,” said Khan.

Atiq Merchant, director, PAL Developments, said: “The Royal Estates community provides a sanctuary of purposefully designed spaces complimented by inspired aesthetics that celebrate the innovation and modernisation that are synonymous to Dubai today.

“It presents an outstanding opportunity, providing a range of choices for investors and home owners in a locale where demand is expected to rise ahead of the Dubai 2020 Expo. Given our team’s collective inclination to create an ideal community that rejoices family living, Royal Estates promises to be a perfect backdrop for all those precious memories waiting to be created.”

The project sales commenced today (August 7). The Phase 1 of the project, comprising 400 units is expected to be delivered in the first quarter of 2015, said the statement.


TradeArabia News Service
 
#47 ·
Was there today. To my surprise it would appear there are a couple of buildings up, and they look close to completion from the outside. Its the same couple of buildings that have been on site for the last year or so, they are simply in a much more advanced stage.There did not appear to be any other activity on site. I have some photos, I will attempt to upload them.
 
#51 ·
Shah Rukh Khan-endorsed Dubai property launch prices lowest yet Studio units are priced @ Dh284,888; completion in end-2017

http://www.emirates247.com/business...-launch-prices-lowest-yet-2015-04-19-1.587765

An affordable housing price war has begun in Dubai’s real estate market, with a new company upping the ante for a project endorsed by Bollywood superstar Shah Rukh Khan.

Studio apartments in the Royal Estates in Dubai Investment Park (DIP) will soon start selling for Dh284,888, while one-bed units will be offered for Dh575,888.

“The official launch of the apartments will happen in the coming two to three weeks.

“These units are very much in the affordable price range and something that the market has been seeking,” Shahid Rasheed, General Manager, Texture Properties, told Emirates 24|7.

“Our price per square foot stands at Dh580. The response in our pre-launch has been great,” he said, revealing, investors will have to pay a 10 per cent down payment on booking, with the balance payment being paid over 4.5 years in EMIs of nearly Dh3,600 per month.

The first phase of the launch will include three towers, consisting of 1,200 apartments, which are set for completion by end-2017.

Aristocratic Star, Pacific Ventures and Texture are co-developing the development’s apartment building component, worth Dh1.6 billion, according to Parvez Khan, Chairman, Pacific.

In August 2014, Emirates 24|7 reported that Shah Rukh Khan, the second-richest actor in the world with a personal wealth of $600 million, was pitching for affordable housing in Dubai.

“It should be something belonging to the world where I belong. I am a lower middle-class guy… if I wanted a house, a house for myself, what would it be like?

“Please try to make it affordable and try to have a kitchen as a central theme,” the actor said.
 
#56 ·
Aristocrat awards Dh600 million contract

Aristocrat Star Investment awarded a Dh600 million construction contract yesterday to Power Line Gulf Construction for the Dh5 billion Royal Estates project.


Image Credit:Supplied picture

Park View Apartments is a development planned for The Royal Estates community.

Published: 23:17 March 25, 2009 Gulf News
By Nadia Saleem, Staff Reporter



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Dubai: Aristocrat Star Investment awarded a Dh600 million construction contract on Wednesday to Power Line Gulf Construction for the Dh5 billion Royal Estates project.

Osmal Valli, group chief executive of Aristocrat Star Investments, said that the project should be completed within 30 months and that 70 per cent has been sold.

Valli said that prices will not be revised due to market conditions, as they were "already at a reasonable" price. However, the payment plan has been adjusted and spread out over 90 months.

"This move involved utilising additional funds from our international operations. This payment plan was extended to our existing customers to assist them in difficult financial times and not as a tool towards getting new sales. As a result, the customer feedback we have received has been positive and overwhelming," he said.

Ebrahim P. Ghosal, managing director of PLGC said that it is "a good environment for starting work on the project," as the market prices for materials are stable at the moment.

Last year, prices of steel and cement saw huge fluctuations, leading to friction between contractors and developers as the price increase had to be absorbed by the contractors. Some were negotiated, while others included a 'fluctuation clause' that stated the developer had to absorb the materials price increases.

Ghosal said that while there was no fluctuation clause in the company's contract with the developer for this project, however, "should the contract prolong, for any reason, there will be mutual agreement on adjusting prices.

"In the long term there could be some price movement, but it is stable now."

The groundwork has already started, and the contractor will begin work on town houses, followed by offices and apartments.

The Royal Estates comprises 3.6 million square feet of commercial, residential, retail and a 5-star hotel.
 
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