#UNDER C: CANAL RESIDENCE WEST, 12F-20F Res (5 towers) (Sports City) - Page 56

kamenoff · March 6th, 2012, 07:46 AM

Akasha, you have to decide for yourself if you want to sign the petition.
The petition is not project specific. My view is that the problem is not in the Developer - it is in RERA. They have the power to enforce the law and to make the Developers do what they have promissed. There is good legislation in Dubai, the problem is that the Government organisations do not enforce it and that is why the Developers are dragging their feet. The main idea behind the petition is to show RERA that we are not speculators who came for quick buck. We wanted to move and live in the Sport city. Delaying projects is not good for the economy of Dubai and pushing the investors away.
At the same time we want some action from RERA because they have been sitting on the side and shuffling investors between the Developers and the Court. So far we have no rihgts. I hope that a lot of investors will sign this petition which will bring some awareness about our issues and subsequently, bring some positive changes.

Akasha · March 6th, 2012, 09:04 AM

Ah but you see then that gets all political. DSC - master developer/Dubailand is Dubai Properties = Government owned. It's all very well trying to enforce things, but the developers have no money and with people doing runners, payments on hold etc, the cash flow has dried up, because the escrow laws came in too late for many people, so the cash simply no longer exists. It's a catch 22 situation. Of course the implementation of laws would be fantastic, but how far would them actually go to enforce them? Right now you can take try and resolve issues through court and or arbitration, but they tie it up for months at great cost, so most people simply don't bother.

kamenoff · March 6th, 2012, 09:48 AM

Most of the investors have been trying to hope for the better for....5-6 years. They have lost hope and ready to move on. Dubai is going to suffer since this lack of support to investors, there will not be any new influx of capital. You said it that you are considering to walk away. I am not paying any more also and there are thousands like us. Sooner the Government realises that the Investors build cities, not the Developers, will be better for everyone. I am sure that if the Government start applying the law the way it suppose to be applied, the Developers will find money to finish the projects.

If we talk strictly about DSC, my other concern is the lack of infrastructure. I am still unsure where the people who live there shop? There is no infrastructure, the transportation is lousy..We were promised shopping centres and stadions..It seems that the Government has abandoned the dream of purpose built sport city. They build swimming pool ...out of the Sport city...The tennis turnement is ...out of the Sport city.
The question is do you really want to be part of a city abandoned by Developers and the Government?

kamenoff · March 6th, 2012, 02:04 PM

Guys,

this a petition to RERA: http://www.ipetitions.com/petition/dubai_sport_city/

Everybody who is interested can join us. It is not project specific. In the comment section please include your project and the DOC -Date of completion according to your contract.
Thank you to all who sign.

UAE Investor · March 6th, 2012, 06:54 PM

Quote:

Originally Posted by kamenoff

Guys,

this a petition to RERA: http://www.ipetitions.com/petition/dubai_sport_city/

Everybody who is interested can join us. It is not project specific. In the comment section please include your project and the DOC -Date of completion according to your contract.
Thank you to all who sign.

Done it !

kamenoff · March 7th, 2012, 12:26 AM

hope more people will join. This is the only and I think the last chance to make RERA do something for Investors.
Thank you for joining the group.

Towers3 · March 19th, 2012, 04:38 PM

Can pm me?

ClareB · March 21st, 2012, 05:40 PM

I had this response this week about new completion dates:
• Med. Building will be completed : June – July, 2012

• European Building will be completed : Aug. – Sept. 2012

• Ven. Building will be completed : Nov – December,2012

UAE Investor · March 21st, 2012, 06:36 PM

Quote:

Originally Posted by ClareB

I had this response this week about new completion dates:
• Med. Building will be completed : June – July, 2012

• European Building will be completed : Aug. – Sept. 2012

• Ven. Building will be completed : Nov – December,2012

I got a completion date from the same person here....

From: Aamir Khan
To: ............... ...............
Sent: Sunday, January 06, 2008 5:07 AM
Subject: [Norton AntiSpam] Canal Residence

Dear .......,
With regards to your email for construction update, the tender for the project has been floated already and construction is expected to commence in February. The anticipated completion date is June 2009.

Regards,

Aamir Khan
Real Estate Sales Consultant
P.O.Box 111123
Dubai, UAE
T: + 971- 4- 3293300
F: + 971- 4- 3293388
M:+ 971-50-7741290
www.dubaisportscity.ae

Akasha · March 21st, 2012, 07:19 PM

Yeah right! Can anyone really see that happening. I so wish they would just be honest and stop plucking dates out of thin air.

cherryp · March 23rd, 2012, 10:31 AM

haha i love the Aamir Kahn post. I have promised a few people up at DSC that if he ever comes within 10 feet I will snap his neck, dirty little cockroach. we got a october date earlier this month from the office, much like we did this time last year....by the way were at 90% has anyone been asked for the last 10% yet? its well overdue but they say they will notify us - hope thats not a clever game to get us in default.
i remember once being allowed a sneak peek at the spreadsheet with all the investors and the stages of their payments. this was post recession and looked relatively healthy however i noticed most seemed to be from the subcontinent - whether that is a good or bad thing.....you decide....
lets face it zarooni is one of the most connected men in the uae so cant ever see RERA making him 'lose face'. i'm still going to put in the last 10% when asked for it as i'm too far in to quit now. wish theyd give a bit of info which was believable for once just so we know where we stand but thats just not ever going to happen.
also - tiered completion maybe but i understand that they'll all be released at the same time. do you reckon they will put the gyms and stuff in....(think JBR, Palm etc).
anyway i'll pay it up as just hope for the best even if it does take another 2 years. i've totally screwed up my family's finances now but somehow i just cant the emiratis caring too much.....haha
by the way, last point, we'll need to be prepared for handover costs like RERA etc and group together or i imagine they'll try to screw us over like they did at Trident where they asked for gbp30,000 (!) for connection. they were defeated in court by the residents so there is some small hope....
toodle pip!

UAE Investor · March 24th, 2012, 02:47 AM

Quote:

Originally Posted by cherryp

haha i love the Aamir Kahn post. I have promised a few people up at DSC that if he ever comes within 10 feet I will snap his neck, dirty little cockroach. we got a october date earlier this month from the office, much like we did this time last year....by the way were at 90% has anyone been asked for the last 10% yet? its well overdue but they say they will notify us - hope thats not a clever game to get us in default.
i remember once being allowed a sneak peek at the spreadsheet with all the investors and the stages of their payments. this was post recession and looked relatively healthy however i noticed most seemed to be from the subcontinent - whether that is a good or bad thing.....you decide....
lets face it zarooni is one of the most connected men in the uae so cant ever see RERA making him 'lose face'. i'm still going to put in the last 10% when asked for it as i'm too far in to quit now. wish theyd give a bit of info which was believable for once just so we know where we stand but thats just not ever going to happen.
also - tiered completion maybe but i understand that they'll all be released at the same time. do you reckon they will put the gyms and stuff in....(think JBR, Palm etc).
anyway i'll pay it up as just hope for the best even if it does take another 2 years. i've totally screwed up my family's finances now but somehow i just cant the emiratis caring too much.....haha
by the way, last point, we'll need to be prepared for handover costs like RERA etc and group together or i imagine they'll try to screw us over like they did at Trident where they asked for gbp30,000 (!) for connection. they were defeated in court by the residents so there is some small hope....
toodle pip!

reading your previous posts and the one here...i realise that you are very accurate at the very impossible and worsening situation at DSC regarding CRW...
possibly amongst all the other posters here your messages, got lost...mainly because you are so up beat ..!

I agree with you DSC can,t be taken on face value any more...why i don,t know ..well obviously its to do with cash ,,but how or when, i have no idea other than to make guesses...?

when one looks at the real situation regarding Canal Residence West it is unlike any other problem in Dubai ..in that it is more or less sold out and the finance in place or will be on completion ..with master developer yet ?

Akasha · April 8th, 2012, 05:22 PM

Took a drive-by over the weekend and all the scaffolding is off the Mediterranean tower, looks pretty much finished. The other two still have a bit to go, especially the Venetian. I cannot see how they can handover until they're all finished, they're so close together, the infrastructure is all linked.

I tried to ask the workmen there about it, but they didn't rally understand me lol

Anyone else got an update?

UAE Investor · April 8th, 2012, 09:24 PM

Quote:

Originally Posted by Akasha

Took a drive-by over the weekend and all the scaffolding is off the Mediterranean tower, looks pretty much finished. The other two still have a bit to go, especially the Venetian. I cannot see how they can handover until they're all finished, they're so close together, the infrastructure is all linked.

I tried to ask the workmen there about it, but they didn't rally understand me lol

Anyone else got an update?

here from last week or so..!

http://www.skyscraperlist.com/showth...0F-Res-m/page8

Akasha · April 9th, 2012, 07:31 AM

Just posting lots of photos which take forever to load is NOT an update! I want someone to actually 'say' what is going on. I live 10 mins away so can drive by and see for myself, but nobody actually 'says' anything.

UAE Investor · April 9th, 2012, 11:59 AM

Quote:

Originally Posted by Akasha

Just posting lots of photos which take forever to load is NOT an update! I want someone to actually 'say' what is going on. I live 10 mins away so can drive by and see for myself, but nobody actually 'says' anything.

Sounds like your are in a better position than most.. to find the answers ?

Akasha · April 15th, 2012, 07:02 AM

LOL not really when you can't find anyone that speaks English, or you keep getting the same garbage info.

unknownpleasures · April 17th, 2012, 05:12 PM

What's happening h ere......aren't these finished yet?

cherryp · April 18th, 2012, 11:32 AM

my mother went up there last week. sounds like theyre in the same state as a year ago however theyve put more scaffolding up....there were no workers at all....and apparently bashara said to her that i was an angry person......haha. i wonder why she had that impression.....

unknownpleasures · April 18th, 2012, 12:45 PM

Quote:

Originally Posted by cherryp

my mother went up there last week. sounds like theyre in the same state as a year ago however theyve put more scaffolding up....there were no workers at all....and apparently bashara said to her that i was an angry person......haha. i wonder why she had that impression.....

Maybe you should sign the petition

March 19th, 2012, 04:38 PM	#1107
Towers3 Registered User Join Date: Mar 2011 Posts: 538 Likes (Received): 4	Can pm me? Last edited by Towers3; March 28th, 2012 at 08:42 PM. Reason: pm

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March 6th, 2012, 07:46 AM	#1101
kamenoff Registered User Join Date: Oct 2011 Posts: 143 Likes (Received): 1	Akasha, you have to decide for yourself if you want to sign the petition. The petition is not project specific. My view is that the problem is not in the Developer - it is in RERA. They have the power to enforce the law and to make the Developers do what they have promissed. There is good legislation in Dubai, the problem is that the Government organisations do not enforce it and that is why the Developers are dragging their feet. The main idea behind the petition is to show RERA that we are not speculators who came for quick buck. We wanted to move and live in the Sport city. Delaying projects is not good for the economy of Dubai and pushing the investors away. At the same time we want some action from RERA because they have been sitting on the side and shuffling investors between the Developers and the Court. So far we have no rihgts. I hope that a lot of investors will sign this petition which will bring some awareness about our issues and subsequently, bring some positive changes.

March 6th, 2012, 09:04 AM	#1102
Akasha Registered User Join Date: Nov 2009 Posts: 111 Likes (Received): 0	Ah but you see then that gets all political. DSC - master developer/Dubailand is Dubai Properties = Government owned. It's all very well trying to enforce things, but the developers have no money and with people doing runners, payments on hold etc, the cash flow has dried up, because the escrow laws came in too late for many people, so the cash simply no longer exists. It's a catch 22 situation. Of course the implementation of laws would be fantastic, but how far would them actually go to enforce them? Right now you can take try and resolve issues through court and or arbitration, but they tie it up for months at great cost, so most people simply don't bother.

March 6th, 2012, 09:48 AM	#1103
kamenoff Registered User Join Date: Oct 2011 Posts: 143 Likes (Received): 1	Most of the investors have been trying to hope for the better for....5-6 years. They have lost hope and ready to move on. Dubai is going to suffer since this lack of support to investors, there will not be any new influx of capital. You said it that you are considering to walk away. I am not paying any more also and there are thousands like us. Sooner the Government realises that the Investors build cities, not the Developers, will be better for everyone. I am sure that if the Government start applying the law the way it suppose to be applied, the Developers will find money to finish the projects. If we talk strictly about DSC, my other concern is the lack of infrastructure. I am still unsure where the people who live there shop? There is no infrastructure, the transportation is lousy..We were promised shopping centres and stadions..It seems that the Government has abandoned the dream of purpose built sport city. They build swimming pool ...out of the Sport city...The tennis turnement is ...out of the Sport city. The question is do you really want to be part of a city abandoned by Developers and the Government?

March 6th, 2012, 02:04 PM	#1104
kamenoff Registered User Join Date: Oct 2011 Posts: 143 Likes (Received): 1	Guys, this a petition to RERA: http://www.ipetitions.com/petition/dubai_sport_city/ Everybody who is interested can join us. It is not project specific. In the comment section please include your project and the DOC -Date of completion according to your contract. Thank you to all who sign.

March 7th, 2012, 12:26 AM	#1106
kamenoff Registered User Join Date: Oct 2011 Posts: 143 Likes (Received): 1	hope more people will join. This is the only and I think the last chance to make RERA do something for Investors. Thank you for joining the group.

March 21st, 2012, 05:40 PM	#1108
ClareB Registered User Join Date: Aug 2008 Posts: 23 Likes (Received): 0	I had this response this week about new completion dates: • Med. Building will be completed : June – July, 2012 • European Building will be completed : Aug. – Sept. 2012 • Ven. Building will be completed : Nov – December,2012

March 21st, 2012, 07:19 PM	#1110
Akasha Registered User Join Date: Nov 2009 Posts: 111 Likes (Received): 0	Yeah right! Can anyone really see that happening. I so wish they would just be honest and stop plucking dates out of thin air.

March 23rd, 2012, 10:31 AM	#1111
cherryp Registered User Join Date: Apr 2009 Posts: 8 Likes (Received): 0	haha i love the Aamir Kahn post. I have promised a few people up at DSC that if he ever comes within 10 feet I will snap his neck, dirty little cockroach. we got a october date earlier this month from the office, much like we did this time last year....by the way were at 90% has anyone been asked for the last 10% yet? its well overdue but they say they will notify us - hope thats not a clever game to get us in default. i remember once being allowed a sneak peek at the spreadsheet with all the investors and the stages of their payments. this was post recession and looked relatively healthy however i noticed most seemed to be from the subcontinent - whether that is a good or bad thing.....you decide.... lets face it zarooni is one of the most connected men in the uae so cant ever see RERA making him 'lose face'. i'm still going to put in the last 10% when asked for it as i'm too far in to quit now. wish theyd give a bit of info which was believable for once just so we know where we stand but thats just not ever going to happen. also - tiered completion maybe but i understand that they'll all be released at the same time. do you reckon they will put the gyms and stuff in....(think JBR, Palm etc). anyway i'll pay it up as just hope for the best even if it does take another 2 years. i've totally screwed up my family's finances now but somehow i just cant the emiratis caring too much.....haha by the way, last point, we'll need to be prepared for handover costs like RERA etc and group together or i imagine they'll try to screw us over like they did at Trident where they asked for gbp30,000 (!) for connection. they were defeated in court by the residents so there is some small hope.... toodle pip!

April 8th, 2012, 05:22 PM	#1113
Akasha Registered User Join Date: Nov 2009 Posts: 111 Likes (Received): 0	Took a drive-by over the weekend and all the scaffolding is off the Mediterranean tower, looks pretty much finished. The other two still have a bit to go, especially the Venetian. I cannot see how they can handover until they're all finished, they're so close together, the infrastructure is all linked. I tried to ask the workmen there about it, but they didn't rally understand me lol Anyone else got an update?

April 9th, 2012, 07:31 AM	#1115
Akasha Registered User Join Date: Nov 2009 Posts: 111 Likes (Received): 0	Just posting lots of photos which take forever to load is NOT an update! I want someone to actually 'say' what is going on. I live 10 mins away so can drive by and see for myself, but nobody actually 'says' anything.

April 15th, 2012, 07:02 AM	#1117
Akasha Registered User Join Date: Nov 2009 Posts: 111 Likes (Received): 0	LOL not really when you can't find anyone that speaks English, or you keep getting the same garbage info.

April 17th, 2012, 05:12 PM	#1118
unknownpleasures Registered User Join Date: Dec 2009 Posts: 1,874 Likes (Received): 23	What's happening h ere......aren't these finished yet?

April 18th, 2012, 11:32 AM	#1119
cherryp Registered User Join Date: Apr 2009 Posts: 8 Likes (Received): 0	my mother went up there last week. sounds like theyre in the same state as a year ago however theyve put more scaffolding up....there were no workers at all....and apparently bashara said to her that i was an angry person......haha. i wonder why she had that impression.....