#UNDER C: CHAMPIONS TOWER 2, 15F Res (Sports City)

[amplesou]

Originally Posted by MikeMuz

Yeah Ive asked this question before but no answer
N that pictures getting a bit boring
I still have not payed until I get a reply off Memon to my questions
Looking at the big picture CT2 aint gunna be ready next year

I have edited the pic so its no longer there !
I have entered into the debate over issues here as you all know as i feel strongly about these issues !
Thats all ,i am not directly involved with an investment but i have a friends who are and it is on this basis i have spoken out!
Brilliant where do i get them from !!!!!

[InterViagra]

I emailed Memon asking for an update and received a reply stating that CT2 is now up to the 7th floor and requesting the next 'stage' payment.

There were a couple of inconclusive pics attached so I wonder whether anyone is able to confirm whether this is true or not?

Cheers,

Jeff

[ilunat]

just been to Dubai and got back yesterday. Met Santy at Memon offices and had a long meeting and undertook a good long site visit on CT02. Took loads of pictures and will upload them in a couple of days. Santy said still on course for completion for June
2010. Currently on 7th floor but whole of Sports City is still like a building site, though ICC have moved i and cricket and athletics stadiums are completed as well as the golf course.
PM me if you want any further information. Disappointed I've not heard anything from anyone else on this forum for a while, especially the person who rallied everyone together and asked for details to start a pressure group.

[InterViagra]

Cheers for the update. Good to know it's still going up,albeit slowly!

I've sent you a PM.

Jeff

[Imre]

Memon Investments’ AED 255 million ‘Champions Towers II’ and ‘Champions Towers III’ witness continuous construction progress

Leading property developer confident to deliver projects on time

December 8, 2009

Memon Investments, a leading Dubai-based property developer and part of the international business conglomerate, Memon Group of Companies, has reported that construction on its ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already completed 6 out of 14 floors and 5 out of 16 floors for CT II and CT III respectively. The timely pace of the project’s construction and development complements Memon Investment’s assurance of delivering the projects on time.

pics and more text here:

http://imresolt.blogspot.com/2009/12...5-million.html

[MikeMuz]

Thanks Imre,

This is the kind of update we all like to see.!!!
Especially midst the latest news on Dubai World.
Keep up the good work.!!

[Rob Timpie]

Latest updates on www.memon.ae

[MikeMuz]

Couple of update pics from Memon,





Think I get it now..!!
Everytime they finish a level it must sink into the sand 1 level.
They tell me June 2010 now.!!

[FARIBA]

HI MIKEMUZ
This is not possible to finish this one in just 5 or 6 months i don't know why they give us this fake dates do they really think people are stupied?

[kevin_1980in]

Originally Posted by MikeMuz

Couple of update pics from Memon,

Think I get it now..!!
Everytime they finish a level it must sink into the sand 1 level.
They tell me June 2010 now.!!

[DXBhugefan]

Has anyone been approached by Memon asking for further payments due to increased unit area sizes?

[Demo Man]

I have previously made a substantial amount of the purchase price and received a letter from Memon saying that the final payment would now be payable on completion.

They are now requesting that any outstanding monies are paid as soon as possible to ensure the continued building programme.

With the well publicised problems in Dubai and the endless delays I am jittery about sending any more money but at the same time I want to ensure that the building is completed. Any thoughts?

[Rob Timpie]

Originally Posted by Demo Man

I have previously made a substantial amount of the purchase price and received a letter from Memon saying that the final payment would now be payable on completion.

They are now requesting that any outstanding monies are paid as soon as possible to ensure the continued building programme.

With the well publicised problems in Dubai and the endless delays I am jittery about sending any more money but at the same time I want to ensure that the building is completed. Any thoughts?

Well, I think requesting to pay outstanding instalments is pretty normal. Memon is building their projects, but as we know everything in DSC is delayed and delayed... For some reason I still have faith in this company...
Hopefully I'm right.

[smith11]

Originally Posted by Demo Man

I have previously made a substantial amount of the purchase price and received a letter from Memon saying that the final payment would now be payable on completion.

They are now requesting that any outstanding monies are paid as soon as possible to ensure the continued building programme.

With the well publicised problems in Dubai and the endless delays I am jittery about sending any more money but at the same time I want to ensure that the building is completed. Any thoughts?

Dear we all should pay, by not paying we may ruin our investments.
Yes we can ask for construction base payment plan, and we have no choice even. As far they are constructing is good for us, I am again and again telling that we must realized their intentions, and atleast they are here, those with bad intentions already gone or stucked in between.
Help them atleast by paying which have committed and accordingly they also
must have their commitments against the constructions. so Don't delay payments, and I am sure if we pay on time as our duty, now they also won't delay, as each delay means more cost to them. Rest I leave it to you all.

[Zac1979]

MEMON UNVEILS NEW IDENTITY

Memon Group of Companies - a multibillion dollar international business conglomerate with interest in real estate development, trading, manufacturing and IT - has unveiled its new brand identity, 'Shaikhani Group'

"The move is in line with the group's new strategy for growth in the region, which involves undertaking of new projects and colaboration with leading industry partners. The group aims to acheive a 10 to 15 per cent growth in 2010 and further expand its project portfolio," Chairman Abu Baker Shaikhani said in a statement.

The rebranding is also part of the Group's effort to build a closer association with its founding family - the Shaikhani's, which the company believes will further strengthen its brand identity. All existing business under the Group's former identity, which includes Memon Investments, Memon Real Estate Brokers Dubai, Rubber World Industries, Gulf-O-Flex Trading, Memon Developers UK and Memon Real Estate Pakistan, are also slated to operate under the Shaikhani Group banner. The group is planning to diversfy into the hospitality, medical retail and education sectors in the near future, said the statement.
The Memon Group has delivered more than 30,000 units across the globe, and maintained relevant presence in 90 countries spread across Asia, Africa, Middle East and Europe.

[Demo Man]

Not sure what to make of this!

[Zac1979]

Me neither. I got this email from Memon talking about this merger. I dont know if thats a good thing or bad thing? What happens to our investment? Our contracts are with Memon so are they still valid or do we need new paperwork?

On the question on further payments for increased unit sizes - I was having this dispute with Memon last year when they mentioned I will have to pay extra due to my Studio size increasing by 76ft I think. I asked why this was they replied due to some change in the regulation they have had to increase the sizes of studios and 1 beds and decreased the sizes of 2 beds. So according to them they will be refunding/reducing the prices for the 2 beds and asking for more money for the 1 beds/studios. I have deferred my payments for this extra cost til 2011 for now. But need to probably chase this up with RERA unless someone here knows the facts about this?

[amplesou]

if the developer increases the size of your purchase you do not have to pay extra !
that is the law in dubai !
you need a solicitor for this lot to show you any respect ,then you will find they will not adjust the price !
And should show apologies for trying it on !

[katalan]

HI Guys,
New to this forum, have studio on 10th floor and just received demand for electricity hook-up of 20AED/sqft + 2000AED for Land Registry.
Has anyone paid??

[Imre]

UAE real estate market to witness a demand-supply balance in 2010, says Shaikhani Group

Company asserts commitment to go ahead with construction of all launched projects worth AED 1.34 billion

March 08, 2010

Amidst expectations that the UAE’s economy will rise by 3.2 per cent in 2010, Shaikhani Group, a multibillion dollar international business conglomerate with interests in real estate development, trading, manufacturing and IT, has predicted that the country’s real estate market is poised for demand-supply balance this year. A representative from the company referred to recent data released by Proleads and added that despite the cancellation of 566 projects in the UAE, a total of 806 properties currently under construction are expected to be delivered soon, and this will help attain stability in the property sector. Amidst all this, the Group is assuring its investors of its commitment to go ahead with construction of all its launched projects, which have a collective value of AED 1.34 billion.

With transparency as its utmost priority, Shaikhani Group has reported that construction on its ‘Champions Towers I’ (CTI), ‘Champions Towers II’ (CT II) and ‘Champions Towers III’ (CT III) projects is witnessing continuous progress. The leading property developer reported that it has already 14 levels of CTI, 8 out of 13 floors and 7 out of 15 floors for CT II and CT III respectively. Furthermore, it has also completed nine out of the ten levels within ‘Cambridge Business Centre’ (CBC) project, its inaugural commercial venture located in Dubai Silicon Oasis. The company also previously announced that it is fast-tracking the construction of ‘Gardenia I & II’ and ‘Frankfurt Sports Tower I’, and has awarded various important contracts to a number of top contractors.
More here:

http://imresolt.blogspot.com/2010/03...o-witness.html