#COMPLETED: JUMEIRAH BAY, 41+46+41F, Com, Plot X1, X2, X3 (JLT) - Page 8

williamX · February 15th, 2009, 03:49 PM

to Tareq:
Better to sell it now if you have oportunity.
Prices going down and it will continue all the year.
I plan to buy properties in october-november, when it will be possible to buy 1BR in JLT for 500K, or maybe even less.
Few days ago villa in Meadows with 4BR was sold out for 1.6 MLN AED, it's in ~triple less than market price. Yes it was desperate sale. But in these days nobody buys for market price. I have properties in Dubai, i communicating with realty people, they say that no sales in these days, and if it happens it's distress sales and prices minimum less on 30% from market prices.

Just after few hours after i posted this message i got offer for 1BR Discovery Garden for 540000 AED. I understand that it's DG it's not JLT, but the point is that for same appartment my friend paid 950 000 in october, and that time it was good offer. Prices falling down very quickly, the main question is: "where is a bottom?" i say it is very far, and this slowdown it's only beginning of big changes.

Imre · February 18th, 2009, 02:06 PM

crane of the X2 tower coming down and crane installation of the podium-acces road structure has begun.

Imre · February 19th, 2009, 01:40 PM

19/February/2009

Jumeirah Bay

Gang2098 · February 22nd, 2009, 10:35 AM

Nice pics, Imre.
Are they taken from the podium parking of Goldcrest Views 1 ?

I can see an external lift on X1...will they be installing the rest of the glass /windows?

Anyone has an idea why they haven't completed the full structure of the building (38th-40th floor)? It doesn't take too long (8days / floor).

The parking / road access seems it will take at least 6 months.

Imre · February 22nd, 2009, 02:23 PM

pics were taken from my balcony

one external lift was removed but the second one still there , roof still missing ,I would still say Q1 2010 is the realistic handover date , that is the earliest.( I calculated with the summer time, ramadan etc..)

Parking - road structure is U/C , coming fast but still need time.

Imre · February 26th, 2009, 10:36 AM

26/February/2009

Jumeirah Bay

sidxb · February 26th, 2009, 02:28 PM

Quote:

Originally Posted by Tareq_dubai

Hi guys,

Do you think that it is wise to sell now? or should I wait? and if I decide to sell what the price I should ask?

My personal opinion , if you dont have any urgent financial obligations , it would be madness to sell now. Just hold on to apt till things start getting better. Once things start improving , this is good tower in excellent master development, so I believe project will stand out. You cannot compare it with discovery gardens in any way which is more like communist residential bloc.

Tareq_dubai · March 1st, 2009, 09:18 AM

I spoke with FGB today and they confirmed that the contractor will hand over the towers by June this year and then they will handed over to the end users, even there will be no electricity they been promised by DEWA to have the power by July but hat is big question mark, and FGB consider this the ned user problem not there own, as they have nothing to do with it.

Anybody got a clew about this?

Gang2098 · March 1st, 2009, 12:00 PM

Imre >> Any major / minor change between the 19 Feb photo & 26 Feb photo?

I see that the white panel on the side of the tower is starting to come up,
which eventually leads to the "ears" on the roof.

Tareq>> I also spoke to FGB (GEP), they also confirmed that the X1 tower would be
handed over end-June.
They said that as long as the full tower is complete interior & exterior, with
road access (ramp) to the 3 towers they would release it, even without the
Podium Parking. The basement parking under the building is obviously
completed, so that would be used.

Lucky Gupta · March 5th, 2009, 06:51 AM

Could some one tell me what is the exact hand over date for X3 and why developer has charged on gross area which is less than 20% from net area for example: one office has net area 745 Sq. Ft but they charge for gross area 894 sq.ft,,, is it true. But if you we see one lake plaza tower they charge only at net area.

Gang2098 · March 10th, 2009, 11:31 AM

Imre, Is it possible to take a photo of X1's roof from the top floor of your building, so that we can see what the hell is happening up there...

Imre · March 10th, 2009, 02:14 PM

10/March/2009

Jumeirah Bay

celticmonkey · March 19th, 2009, 08:10 AM

FGB said X-2 and X-3 ready end of June. X-1 will be later.
Any thoughts?
Also does anyone know what load capacity will be available for the shops? odd question but if you dont ask..
thanks alot.

Gang2098 · March 19th, 2009, 03:34 PM

Celtic,
FGB/GEP told me X2, X3 would be handed over in April, and X1 end June.
By the current status of the X1 Tower, August would be more realistic.
Did you speak to GEP Dubai or FGB Abu Dubai? Who told you X1's completion date?
What do you mean by load capacity?

The official Progress Report can be seen at:
www.gep.ae -> skip intro -> Developments & Projects -> Work In Progress -> Dubai Projects - Jumeirah Bay

celticmonkey · March 21st, 2009, 08:38 AM

Hi,

I spoke with GEP dubai regarding handover dates. As for load capacity, I was aking what amount of power is available to the shops? It can affect which services can run off that power load. They often have a very low capacity making it difficult for high power requirement operations (as an extreme case sunbeds! not that they are needed here)

Gang2098 · March 31st, 2009, 05:43 PM

Any update on this cluster? Interior / Exterior Photos ?
Work being done? Podium Parking / Road Access construction?

I'm sure the rain has had a huge impact on all construction sites.

Imre · April 2nd, 2009, 03:23 PM

02/April/2009

Jumeirah Bay

Imre · April 5th, 2009, 10:57 AM

05/April/2009

Jumeirah Bay

celticmonkey · April 7th, 2009, 05:50 AM

I was on site yesterday. Sorry I didnt get any photos.
Work was in full flow on the car parking/ramp. Cranes were operating on car parking and on building the white framework on the roof of X1. I was pretty happy with the man power and activity on-site. If I was to throw out a guess I would say mid-July for completion, as for handover who knows!

murtuza · April 7th, 2009, 02:52 PM

Quote:

Originally Posted by celticmonkey

I was on site yesterday. Sorry I didnt get any photos.
Work was in full flow on the car parking/ramp. Cranes were operating on car parking and on building the white framework on the roof of X1. I was pretty happy with the man power and activity on-site. If I was to throw out a guess I would say mid-July for completion, as for handover who knows!

Well that means in all honesty June end handover seems really unrealistic, because whenever I call up they say June end handover for all 3 towers.Moreover, does any1 have an idea abt the street lighting in JLT?There are no street lights in JLT. Are they working on this? Any idea?

February 15th, 2009, 03:49 PM	#141
williamX Registered User Join Date: Jun 2008 Posts: 178 Likes (Received): 1	to Tareq: Better to sell it now if you have oportunity. Prices going down and it will continue all the year. I plan to buy properties in october-november, when it will be possible to buy 1BR in JLT for 500K, or maybe even less. Few days ago villa in Meadows with 4BR was sold out for 1.6 MLN AED, it's in ~triple less than market price. Yes it was desperate sale. But in these days nobody buys for market price. I have properties in Dubai, i communicating with realty people, they say that no sales in these days, and if it happens it's distress sales and prices minimum less on 30% from market prices. Just after few hours after i posted this message i got offer for 1BR Discovery Garden for 540000 AED. I understand that it's DG it's not JLT, but the point is that for same appartment my friend paid 950 000 in october, and that time it was good offer. Prices falling down very quickly, the main question is: "where is a bottom?" i say it is very far, and this slowdown it's only beginning of big changes. Last edited by williamX; February 15th, 2009 at 08:12 PM.

February 18th, 2009, 02:06 PM	#142
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	crane of the X2 tower coming down and crane installation of the podium-acces road structure has begun. __________________ Dubai Construction Update Dubai photos by Imre Solt

February 19th, 2009, 01:40 PM	#143
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	19/February/2009 Jumeirah Bay __________________ Dubai Construction Update Dubai photos by Imre Solt

February 22nd, 2009, 02:23 PM	#145
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	pics were taken from my balcony one external lift was removed but the second one still there , roof still missing ,I would still say Q1 2010 is the realistic handover date , that is the earliest.( I calculated with the summer time, ramadan etc..) Parking - road structure is U/C , coming fast but still need time. __________________ Dubai Construction Update Dubai photos by Imre Solt

February 26th, 2009, 10:36 AM	#146
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	26/February/2009 Jumeirah Bay __________________ Dubai Construction Update Dubai photos by Imre Solt

February 22nd, 2009, 10:35 AM	#144
Gang2098 Registered User Join Date: Oct 2008 Location: Dubai Posts: 231 Likes (Received): 0	Nice pics, Imre. Are they taken from the podium parking of Goldcrest Views 1 ? I can see an external lift on X1...will they be installing the rest of the glass /windows? Anyone has an idea why they haven't completed the full structure of the building (38th-40th floor)? It doesn't take too long (8days / floor). The parking / road access seems it will take at least 6 months.

March 1st, 2009, 09:18 AM	#148
Tareq_dubai Registered User Join Date: Feb 2009 Posts: 13 Likes (Received): 0	I spoke with FGB today and they confirmed that the contractor will hand over the towers by June this year and then they will handed over to the end users, even there will be no electricity they been promised by DEWA to have the power by July but hat is big question mark, and FGB consider this the ned user problem not there own, as they have nothing to do with it. Anybody got a clew about this?

March 1st, 2009, 12:00 PM	#149
Gang2098 Registered User Join Date: Oct 2008 Location: Dubai Posts: 231 Likes (Received): 0	Imre >> Any major / minor change between the 19 Feb photo & 26 Feb photo? I see that the white panel on the side of the tower is starting to come up, which eventually leads to the "ears" on the roof. Tareq>> I also spoke to FGB (GEP), they also confirmed that the X1 tower would be handed over end-June. They said that as long as the full tower is complete interior & exterior, with road access (ramp) to the 3 towers they would release it, even without the Podium Parking. The basement parking under the building is obviously completed, so that would be used.

March 5th, 2009, 06:51 AM	#150
Lucky Gupta Registered User Join Date: Mar 2009 Posts: 2 Likes (Received): 0	X3 Jumeirah Bay Could some one tell me what is the exact hand over date for X3 and why developer has charged on gross area which is less than 20% from net area for example: one office has net area 745 Sq. Ft but they charge for gross area 894 sq.ft,,, is it true. But if you we see one lake plaza tower they charge only at net area.

March 10th, 2009, 11:31 AM	#151
Gang2098 Registered User Join Date: Oct 2008 Location: Dubai Posts: 231 Likes (Received): 0	Imre, Is it possible to take a photo of X1's roof from the top floor of your building, so that we can see what the hell is happening up there...

March 10th, 2009, 02:14 PM	#152
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	10/March/2009 Jumeirah Bay __________________ Dubai Construction Update Dubai photos by Imre Solt

March 19th, 2009, 08:10 AM	#153
celticmonkey Registered User Join Date: Jan 2006 Posts: 297 Likes (Received): 0	FGB said X-2 and X-3 ready end of June. X-1 will be later. Any thoughts? Also does anyone know what load capacity will be available for the shops? odd question but if you dont ask.. thanks alot.

March 19th, 2009, 03:34 PM	#154
Gang2098 Registered User Join Date: Oct 2008 Location: Dubai Posts: 231 Likes (Received): 0	Celtic, FGB/GEP told me X2, X3 would be handed over in April, and X1 end June. By the current status of the X1 Tower, August would be more realistic. Did you speak to GEP Dubai or FGB Abu Dubai? Who told you X1's completion date? What do you mean by load capacity? The official Progress Report can be seen at: www.gep.ae -> skip intro -> Developments & Projects -> Work In Progress -> Dubai Projects - Jumeirah Bay Last edited by Gang2098; March 19th, 2009 at 03:35 PM. Reason: syntax

March 21st, 2009, 08:38 AM	#155
celticmonkey Registered User Join Date: Jan 2006 Posts: 297 Likes (Received): 0	Hi, I spoke with GEP dubai regarding handover dates. As for load capacity, I was aking what amount of power is available to the shops? It can affect which services can run off that power load. They often have a very low capacity making it difficult for high power requirement operations (as an extreme case sunbeds! not that they are needed here)

March 31st, 2009, 05:43 PM	#156
Gang2098 Registered User Join Date: Oct 2008 Location: Dubai Posts: 231 Likes (Received): 0	Any update on this cluster? Interior / Exterior Photos ? Work being done? Podium Parking / Road Access construction? I'm sure the rain has had a huge impact on all construction sites. Last edited by Gang2098; March 31st, 2009 at 05:44 PM. Reason: typo

April 2nd, 2009, 03:23 PM	#157
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	02/April/2009 Jumeirah Bay __________________ Dubai Construction Update Dubai photos by Imre Solt

April 5th, 2009, 10:57 AM	#158
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	05/April/2009 Jumeirah Bay __________________ Dubai Construction Update Dubai photos by Imre Solt

April 7th, 2009, 05:50 AM	#159
celticmonkey Registered User Join Date: Jan 2006 Posts: 297 Likes (Received): 0	I was on site yesterday. Sorry I didnt get any photos. Work was in full flow on the car parking/ramp. Cranes were operating on car parking and on building the white framework on the roof of X1. I was pretty happy with the man power and activity on-site. If I was to throw out a guess I would say mid-July for completion, as for handover who knows!

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