#TOPPED OUT: LAGUNA TOWER, 40F Hotel + Res, 153m, Plot A2

[yedaanna]

Originally Posted by building1

I exspect the hotel not to open before Q1'2012. An earlier opening is not realistic. (the apartments should be ready by Q3'2011)

CAn u please tell us what makes u think so ?

According to some of my freinds who visited the site during the Feb viewing, the Residence interiors are almost 100% complete. Some of them said that if Laguna tower has the needed approvals then the residence units can be delivered right away.

[building1]

Originally Posted by yedaanna

CAn u please tell us what makes u think so ?

According to some of my freinds who visited the site during the Feb viewing, the Residence interiors are almost 100% complete. Some of them said that if Laguna tower has the needed approvals then the residence units can be delivered right away.

Sure: We have mid February now. The building will be ready according to IFA in Q2'2011. Say that will be beginning of April. After that the approvals from the authorities are needed and DEWA connection will be asked for. Finally the 30 day notice to complete will follow. All of this will take at least 3 months. Therefore July (Q3) is realistic.

Opening a hotel takes much longer. The outside of the hotel (promenade level) still looks like a construction site. Therefore my guess is Q1'2012 for the hotel opening.

[yedaanna]

Originally Posted by building1

Sure: We have mid February now. The building will be ready according to IFA in Q2'2011. Say that will be beginning of April. After that the approvals from the authorities are needed and DEWA connection will be asked for. Finally the 30 day notice to complete will follow. All of this will take at least 3 months. Therefore July (Q3) is realistic.

Opening a hotel takes much longer. The outside of the hotel (promenade level) still looks like a construction site. Therefore my guess is Q1'2012 for the hotel opening.

I saw the aprtments couple of days back & I couldn't agree more with u. Honestly I dont think there is any way the hotel would be completed this year. Its GUARANTEED next year. As far as the residences are concerened even those dont seem possible Q2 2011. They wont be delivered before August 2011.

Looks like IFA is having some issues with DEWA and the Dewa connection could take anything between 3 months to 1 year. So all of us can just relax and watch our money go down the drain.

[sonakash]

If someone who has viewed the apartment can shed some light on the quality and status of the interior.

[yedaanna]

Originally Posted by sonakash

If someone who has viewed the apartment can shed some light on the quality and status of the interior.

The INteriors for the residence is almost 100% complete. Only the final painting is left. I've no idea about the hotel units cuz I've not seen those.
As far as the finishing is concerned, its pretty average and nothing out of the world. The bathrooms finishing is great but the kitchen is pretty dissapointing (lets say the kitchen is below average).

[MandR]

Hi everyone, I have been following this forum for years, and now finally the tower is getting close to completion thought now is the best time to join you all and hopefully get some advice!

We didnt go to view the apartment in February, agree with all the other users comments. We too bought our apartment in 2005 and are very disappointed with the delays that we have experienced. However, can you please estimate when you think the tower will finally be ready? We bought one of the apartments not the hotel apartments.

Also, what happens once they are ready for inspection? I have emailed IFA and have not received a reply from them. I just need to know what the procedures are. If anyone can advise that would be good. Also, if we decided to appoint a company to inspect on our behalf instead of us all having to travel over there, can anyone recommend good companies?

Rather dissapointed about the kitchen, has anyone got any internal shots of an apartment? Also when looking at external photos of the tower it looks like the painting/rendering is peeling! I am hoping that it is not the case! Thankyou for your help.

[sonakash]

Looks like investors are in a state of deep slumber or have lost total interest. No pictures have been posted of the interior nor any updates given.

[worried4]

IFA resorts is not answering any questions. They direct you to 971-4-423-2782 and then no one picks up the phone.

Any news on this project anywhere?

[jnas]

Originally Posted by worried4

IFA resorts is not answering any questions. They direct you to 971-4-423-2782 and then no one picks up the phone.

Any news on this project anywhere?

..

[worried4]

Originally Posted by jnas

Stopped..

How did you get this information

[Heeno]

Originally Posted by amplesou

how come no pics of interiors on here or sslists !

The apartment levels are nearly complete and ready to handover in the next few weeks and all owners within these levels have been through a cycle of site viewings prior to the pre-handover phase. The hotel component has completed all civil works within the rooms and the reception and common areas are in the final stages of completion. Fit out and furnishing will then start with a view to opening in the next quarter after the apartment handover phase.

[worried4]

Originally Posted by Heeno

The apartment levels are nearly complete and ready to handover in the next few weeks and all owners within these levels have been through a cycle of site viewings prior to the pre-handover phase. The hotel component has completed all civil works within the rooms and the reception and common areas are in the final stages of completion. Fit out and furnishing will then start with a view to opening in the next quarter after the apartment handover phase.

Hello Heeno--Please provide the phone number you called, so we can talk to them also

[Heeno]

Originally Posted by worried4

Hello Heeno--Please provide the phone number you called, so we can talk to them also

Q.The Residential units were planned to be handed over in Q1..is this still on track
A.Given the current status ,we won’t be able to achieve*that ,utilities connection need to be tested for at least two months ,if we successfully got the approval from first check then the residential component handover should be in June 2011. *

Q.The Hotel units were to follow 6-8 weeks after that ...is this still on track What is the process for us to receive our guaranteed monthly income..we have not been advised of this!
A.The hotel units will be handed over after the residential ,timeframe is subject to change based on how fast we can have all regulatory approvals to open the hotel. On a separate note the hotel management staff are already in place and they are working to bring all aspects up to speed.
Regarding the rental guarantee ,please refer to the rental pool agreement provided to you along with the purchase contract ,the operational procedure is described in details. Let me know if you need us to send you a duplicate copy

Q.Can you also advise status of surrounding lakes and buildings as We have heard rumours this are on hold. Will this have any impact on our units and opening date.
A.Lake 3 has been 3/4 *filled already we hope it will be in perfect shape before handover, however I don’t see that changing the opening date.
Fyi, there are 3 towers under construction in the lake 3 surrounding area

Q.Can you forward on the latest photographs, both internal and external, of the Laguna Tower please. We are due a formal project update, when do you expect this to be delivered.

A.I’ll check if there is new project update available ,otherwise I’ll try to send you few photographs

Q.We have read on a "forum" that IFA has received extra funding to complete their Fairmont project... Is there any truth in this and is there any risk of IFA not completing their Laguna Tower project on time?
A.This is true. We are glad that Standard Chartered bank shows trust in our company projects. Each project has completely independent cash flow and wont impact another project .

Q.After reviewing our contract the initial planned opening date was Jan 2008.
The contract states We should are entitled to compensation for such delays.
Can you confirm this and advise what the process is for receiving such compensation/

A.I have to review that part of the contract


Regards

Rasheed Yaghi
Sales Support Manager

IFA Hotels & Resorts
Building 10, Boutique Office 1003
Golden Mile, Palm Jumeirah
P.O. Box 502164, Dubai; UAE

T : (+ 971) 4423 2735
F : (+ 971) 4422 0697

[worried4]

Originally Posted by Heeno

Q.The Residential units were planned to be handed over in Q1..is this still on track
A.Given the current status ,we won’t be able to achieve*that ,utilities connection need to be tested for at least two months ,if we successfully got the approval from first check then the residential component handover should be in June 2011. *

Q.The Hotel units were to follow 6-8 weeks after that ...is this still on track What is the process for us to receive our guaranteed monthly income..we have not been advised of this!
A.The hotel units will be handed over after the residential ,timeframe is subject to change based on how fast we can have all regulatory approvals to open the hotel. On a separate note the hotel management staff are already in place and they are working to bring all aspects up to speed.
Regarding the rental guarantee ,please refer to the rental pool agreement provided to you along with the purchase contract ,the operational procedure is described in details. Let me know if you need us to send you a duplicate copy

Q.Can you also advise status of surrounding lakes and buildings as We have heard rumours this are on hold. Will this have any impact on our units and opening date.
A.Lake 3 has been 3/4 *filled already we hope it will be in perfect shape before handover, however I don’t see that changing the opening date.
Fyi, there are 3 towers under construction in the lake 3 surrounding area

Q.Can you forward on the latest photographs, both internal and external, of the Laguna Tower please. We are due a formal project update, when do you expect this to be delivered.

A.I’ll check if there is new project update available ,otherwise I’ll try to send you few photographs

Q.We have read on a "forum" that IFA has received extra funding to complete their Fairmont project... Is there any truth in this and is there any risk of IFA not completing their Laguna Tower project on time?
A.This is true. We are glad that Standard Chartered bank shows trust in our company projects. Each project has completely independent cash flow and wont impact another project .

Q.After reviewing our contract the initial planned opening date was Jan 2008.
The contract states We should are entitled to compensation for such delays.
Can you confirm this and advise what the process is for receiving such compensation/

A.I have to review that part of the contract


Regards

Rasheed Yaghi
Sales Support Manager

IFA Hotels & Resorts
Building 10, Boutique Office 1003
Golden Mile, Palm Jumeirah
P.O. Box 502164, Dubai; UAE

T : (+ 971) 4423 2735
F : (+ 971) 4422 0697

Heeno-Thank you for the update. I wish IFA/Movenpick could have done the same.

[Imre]

Handover can be around September 2011 as I heard today from the Movenpick ..

[yedaanna]

Originally Posted by Imre

Handover can be around September 2011 as I heard today from the Movenpick ..

U mean the handover of the residential unit will be in September or the hotel units ?

[jnas]

Originally Posted by worried4

How did you get this information

everything is going still. just delayed...

[Imre]

Originally Posted by yedaanna

U mean the handover of the residential unit will be in September or the hotel units ?

I meant the hotel units.

[sonakash]

Buyers must get in writing the various fees they need to pay to avoid any conflict at the time of taking possession of the property. And they must insist on paying Land Department fees directly to the department, says a legal expert.

“The Land Department registration fees should be paid directly to the Land Department. If the developer insists otherwise, the issue should then be raised with the department. More importantly, it is of paramount importance to request a detailed and complete list of all of the fees in writing so as to avoid any further surprises,” says Ludmila Yamalova, Managing Partner of HPL Yamalova & Plewka JLT.

A number of investors complained to this website that they were being overcharged by their developers particularly when making Dewa or chiller connection payment.

The developer were asking the buyers to write cheques in favour of the developer and not the service providers.

Buyers can check the Land Department charges by logging on to their website.

[Tony 90]