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Old October 30th, 2007, 07:51 PM   #1201
Naz UK
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Or maybe this term - "De-livery" - the act of removing one's own liver with one's bare hands due to insanity caused by waiting for answers regarding one's property investment.
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Old October 31st, 2007, 03:20 AM   #1202
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Quote:
Originally Posted by Dubai-Lover View Post
Damac has several projects under development in UAE

By C.L. Jose, Staff Reporter

Dubai: Damac Properties has 15 projects valued at about Dh4 billion under development in the UAE, an official said.

The company's latest project Ocean Heights will be completed at a cost of about Dh500 million, said Peter Riddoch, chief executive officer of Damac Properties. The project is the company's third in the Dubai Marina.

"We are very proud to add a new masterpiece to Dubai's growing cityscape. Ocean Heights is to be about 300 metres tall, and is envisioned as the pinnacle of convenience, excellent service, elegance and leisure," said Riddoch.

The project has a total of 672 apartments consisting of one-, two- and three-bedroom units, with prices starting from Dh1.1 million, he said.

Ocean Heights will provide customers with 24-hour security, a dedicated concierge desk, professional housekeeping services and 700 parking spaces, he said.

"The building reflects the finer things in life, and caters to the exquisite taste of our target market," said Riddoch.

The tower will be fitted with an outdoor leisure deck complete with a temperature-controlled swimming pool, gymnasium, sauna and steam room, as well as a game room and children's play area, he said.

The Damac Group has grown into a global conglomerate with more than 5,000 employees in 16 countries, officials said.
I wish I had heard about this 2.5 years ago. Wow, a 2 bed was at 1.1M AED! A one bed is now over 1.5M AED. And I suppose 2beds must be around 2.5M. Lucky investors have doubled their money in less then 3 years.
My guess is that this will be one of the premier addresses at the Marina, unlike most of the other monoliths going up. In which case it will be worth even more.
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Old November 1st, 2007, 03:43 AM   #1203
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Old November 1st, 2007, 09:16 AM   #1204
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Thanks. Now we finally know what the tower looks like. And pixelated.
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Old November 1st, 2007, 12:52 PM   #1205
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Ocean Heights Damac

Hi All


I noticed this report this morning in the Khaleej Times I hope all the
developers take note on quality or all the clients will be needing a rebuild
of there properties well before there due time.

Especially 'Damac'




Khaleej Times Online >> News >> BUSINESS
Property developers need to put more emphasis on quality
BY A STAFF REPORTER

1 November 2007



DUBAI — The quality of a number of properties in Dubai is believed to be sub-standard, undermining the industry's reputation and growth, according to the chairman of one of Dubai's major property developers.


SABA Properties chairman, Behrouz Javaheri, said there would be serious repercussions for Dubai's property market as a whole if word spreads of poor quality developments.

"Based upon the general feedback from end-users and investors, the quality of many recent developments is a major concern within the market. We believe a good number of properties delivered in Dubai appear to be substandard," he said.

"These shortcomings are playing a detrimental factor in investor and end user confidence when making the decision to buy property here in Dubai.

"The situation will be further aggravated as the market continues to shift heavily towards end users, who are particularly conscious and ultimately directly affected by both the materials used and the way the properties are maintained afterwards," he added.

As a result of the apparent quality problems, buyers are increasingly focusing upon the factual quality of materials used in property. It is also becoming more common for a large number of buyers to visit sites in order to evaluate the materials being used throughout the construction process, Javaheri said.

"As an extreme example, we had one client who hired a quality control specialist to visit one of our sites after delivery, in order to assess and determine the quality of materials that were used right down to the types of electrical wires," he explained.

Javaheri also highlighted the importance of developers deploying continuous and effective maintenance plans, especially given Dubai's harsh climate. He said: "From our experience, some buildings can last up to a third longer with quality materials and good maintenance."

He also anticipates that within the next few years the number of property developers in Dubai will shrink significantly. "Those who will survive will have superior structure, resources, organisation, quality products and ultimately solid reputations built from historical performance," he said, adding: "Market forces will ultimately press out the developers who are not delivering the highest quality. A good reputation is among the top assets for developers and, as demand levels out, quality and effective maintenance programmes will play a much more prominent role within the market."
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Old November 2nd, 2007, 10:57 AM   #1206
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Damac Arabtec Ocean Heights

Hi All



I saw this story today in the paper Damac Ocean Heights need this like a hole in the head


Arabtech workers to resume work today
(Wam)

2 November 2007



DUBAI — A joint committee consisting of representatives from Labour Ministry and the Dubai Police Department of Human Rights yesterday visited the site of Arabtech Construction Company whose workers stopped work and peacefully stayed at the company’s accommodations.


Humaid bin Daimas, Labour Ministry Assistant Undersecretary said that the committee members, who included a representative from the Indian consulate in Dubai, informed workers that inspectors of the ministry and of the Permanent Labour Committee in Dubai will continuously visit workers’ accommodations, to ensure their compliance with occupational safety and health regulations.

He added that the inspection teams will also check for availability of buses to transport workers and for provision of health insurance to the labourers by the employing companies until the relevant law is passed.

“The existing labour regulations proved to be very effective in reaching solutions that guarantee provision of adequate working conditions to the construction workers. It was agreed that the Arabtech workers will resume their work from today.
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Old November 2nd, 2007, 08:39 PM   #1207
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Ocean Heights

Hi Imre



Do you know if they have poured the raft yet at OCEAN HEIGHTS or
is it all rebar yet.

Last edited by Hanna; November 2nd, 2007 at 08:54 PM.
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Old November 2nd, 2007, 09:55 PM   #1208
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I think its a matter of days ... a LOT of rebar is waiting for the concrete!
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Old November 3rd, 2007, 12:11 AM   #1209
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Pouring always takes place over the weekend, where there is less traffic (alot of concrete ready-mix tracks needed)
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Old November 3rd, 2007, 09:16 AM   #1210
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Quote:
Originally Posted by Tractor View Post
I think its a matter of days ... a LOT of rebar is waiting for the concrete!


Hi Tractor


Thanks for the update
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Old November 3rd, 2007, 09:17 AM   #1211
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Quote:
Originally Posted by AltinD View Post
Pouring always takes place over the weekend, where there is less traffic (alot of concrete ready-mix tracks needed)

Hi ALtinD


Thanks for the update
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Old November 5th, 2007, 12:36 PM   #1212
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Ocean Heights

Hi All


Has anyone any news if they poured the Raft at the weekend on
Ocean Heights.
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Old November 5th, 2007, 08:43 PM   #1213
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Quote:
Originally Posted by Hanna View Post
Hi All


Has anyone any news if they poured the Raft at the weekend on
Ocean Heights.
What's the hurry fella? Completion is at lease 2 years away.
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Old November 5th, 2007, 08:53 PM   #1214
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Quote:
Originally Posted by Salameer View Post
What's the hurry fella? Completion is at lease 2 years away.

It's just that Hanna's been waiting nearly four years for this momentous occasion so surely you can understand why he's so excited.

He's going to have an accident in his jeans when he sees that enormous concrete slab.
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Old November 5th, 2007, 09:03 PM   #1215
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Quote:
Originally Posted by AltinD View Post
Pouring always takes place over the weekend, where there is less traffic (alot of concrete ready-mix tracks needed)
Does Hanna know which weekend this momentous event will take place? He is hoping it was during the weekend just gone.
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Old November 6th, 2007, 07:48 AM   #1216
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Still not poured the concrete ... maybe this weekend coming?
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Old November 6th, 2007, 08:41 AM   #1217
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Quote:
Originally Posted by Tractor View Post
Still not poured the concrete ... maybe this weekend coming?
Hi Tractor


Thanks for the answer to a very simple question (I thought)
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Old November 9th, 2007, 08:31 AM   #1218
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09/November/2007

Ocean Heights





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Old November 19th, 2007, 12:52 PM   #1219
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Ocean Heights raft !

Hi Imre



All quite on the Eastern front as far as pouring of the raft on Ocean Heights
have you seen or heard anything.Maybe the delays was due to the Arabtec
strike,I saw they got a 20% rise last week maybe they will get back on track
with the project this week.
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Old November 19th, 2007, 02:44 PM   #1220
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I just saw yesterday, still nothing , maybe this weekend?
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