#PROJECT: THE EMIRATES CITY - Page 7

coolteam · June 24th, 2007, 09:09 AM

to djamel05

C3 is majestic tower & C-16 sahara
the answer to ur query regarding the office of Mr. Saffarini -----

the office i visited was in deira and the entire bldg belongs to them. Even they have a site office at emirates city. he is a very kind person and at present has around 350 people working in his company. a good thing he never keeps girl in his office all gentle men.

Regarding the contractor he has confirmed that the company filing the lowest tenders and had a past good records will get the work.

the piling contract of BSEL has been awarded to piling tech.

coolteam · June 24th, 2007, 09:15 AM

Mr. Dwarish '

to ur query the 20 plots will be coming towards D-14 side but the existing road is been increased in width. that means all the plots with No 14 specialy A-14 and D-14 will have a excellent two to three side views.

dwarish · June 24th, 2007, 11:35 AM

Thanks Coolteam, you have done the great job, one more query You must have asked about the completion of the project, if yes kindly share with us.

djamel05 · June 24th, 2007, 12:01 PM

Quote:

Originally Posted by coolteam

to djamel05

C3 is majestic tower & C-16 sahara
the answer to ur query regarding the office of Mr. Saffarini -----

the office i visited was in deira and the entire bldg belongs to them. Even they have a site office at emirates city. he is a very kind person and at present has around 350 people working in his company. a good thing he never keeps girl in his office all gentle men.

Regarding the contractor he has confirmed that the company filing the lowest tenders and had a past good records will get the work.

the piling contract of BSEL has been awarded to piling tech.

Thanks, Coolteam for your answer. It is good to hear that several contractors will be taking the project as it is too big for any single contractor. I agree the way you are describing Ahmad Saffarini,

coolteam · June 24th, 2007, 03:10 PM

Dwarish

the entire project has different dates for completion. If a project starts now then as per their view if the builder has money and is not entirely depended on the sales income then his project should be completed on time i.e. within 3 years.

Parham · June 27th, 2007, 02:31 PM

I have heard from a developer that building Golf Course in the southern part of the Emirates City has been canceled. So there will be no golf view at all!!!
Can anybody verify the news?

djamel05 · June 28th, 2007, 03:05 PM

The sale of a new tower started today:

B18: Venice Tower

http://www.ajmanproperty.com/venice-home.asp

toph3333 · June 29th, 2007, 11:00 AM

I have been looking at the pricing of all the units available in the Emirates City and just don’t get why such differences in price exist. I would think in a project like this everything would be similarly priced.

Does anyone have an opinion on the Goldcrest Dreams 2 project and why it is so much more expensive than the others? For 1350 sqft (2br) they are asking for 537,000 + 25,000 for indoor parking. This seems to be a lot more expensive than the other projects going up, does this mean:

1. it is way over priced, or
2. it is of a much higher quality???

They don't even have the greatest views, especially now there are the extra twenty towers going in, which assumabley will kill any of the "golf course" views.

Imre · June 29th, 2007, 12:42 PM

Ajman is new property hotspot
By Robert Ditcham, Staff Reporter
Published: June 28, 2007, 23:33

Dubai: Ajman may be the smallest of the UAE's seven states at only 260 square kilometres, but its property sector is one of the country's most active.

Close to 200 freehold residential towers are either under construction or have been completed since the city's freehold property sector kicked off in 2004.

With the possibility of 100 per cent ownership rights and guaranteed residency visas for buyers, the emirate has attracted strong investment from GCC nationals, expatriates and overseas buyers.

"All of the northern emirates are witnessing major real estate development, but Ajman is possibly the most active in terms of construction," said Roger Wilkinson, managing partner of Northern Emirates Property, a Sharjah-based property leasing and management company, which runs the website Ajman Property.com.

The city markets itself as a place to get away from busy city life, but getting away from Dubai's high rents seems to be a key reason for moving there. Average outright purchase prices are also significantly less - up to four times lower than in Dubai, said Wilkinson - and flat sizes tend to be bigger.

Target

Real estate companies are only able to offer affordable housing aimed at mid-income earners if they can keep their initial development costs down.

Amir Ameen, director of Star Giga Establishment, said the land price in Ajman for his Dh700 million Goldcrest Dreams project was around Dh40 per square foot compared with about Dh150 in Dubai.

At the project launch, the 1,600 apartments within the four building project started at Dh285,0000 for a one bedroom apartment and climbed to Dh416,000 for two bedroom apartments.

Ajman's close proximity to Dubai is another plus point. The 35 kilometre drive can take as little as 20 minutes or more than two hours. New highway and rail connections are expected to shorten the journey.

However, the emirate does not want to be considered merely a satellite town to house Dubai workers. According to Wilkinson, who has monitored Ajman's real estate development for more than 15 years, the emirate is attracting commercial, retail and hospitality investment, as well as improving its general infrastructure and boasting major banks and retailers.

As amenities increase and transport links improve, prices invariably climb - good reason for investing now, say property agents. The city currently lacks mortgage facilities, but once these are introduced, buyers will be able to finance bigger purchases, which would in turn drive rates up.

Average prices for freehold property are now Dh350-550 per square foot, says Wilkinson, but can be as high as Dh750-950 per square foot mark for more luxurious projects. Rents have gone up by 10-20 per cent since the start of the year, he added.

Lisa Dale, head of Al Tamimi & Company's property department, said Ajman allows a maximum rent increase of 20 per cent after the first three years of a contract.

Although the market is less mature than Dubai, meaning prices will continue to increase while the Dubai market eventually stabilises, there will always be a gap between the two, say major developers.

"I'm sure prices will increase but they will never reach the level of Dubai," said Omar Ayesh, president of Sharjah-based private developer Tameer, which is developing Al Ameera Village in Ajman.

"There will always be a gap because the standard of living, the infrastructure and facilities in Dubai are very high. You pay a price for the Dubai brand."

Private developers show increasing interest

Ajman's freehold property sector opened up in July 2004 with the launch of Al Naeymiyah Towers - a 15-tower development split into two phases.

Purchase prices during the launch of the first phase were just Dh157 per square foot and increased to Dh180 per square foot for the second phase.

Developed by the government of Ajman, which acts as a master developer for the emirate, the project has been completed - proof that the city can deliver major residential projects and a major confidence booster for property speculators and end users, said Roger Wilkinson, managing partner of Northern Emirates Property.

Since then, projects including Rashidiya Towers, a complex of 11 buildings which sold for Dh220 per square foot on launch, have been delivered, while the nine-building Al Khor Towers development is scheduled for completion by the end of the year.

Other major projects scheduled for delivery by 2010 include Horizon Towers, Falcon Tower, Ajman One and Corniche Tower.

Although most of these are developed and financed by the Ajman government, some land plots have been snapped up by private developers.

Star Giga Establishment last year launched a Dh700 million freehold residential property development at Paradise Lakes on the Emirates Road.

Goldcrest Dreams will contain 1,600 one and two bedroom apartments and is scheduled for delivery in mid 2009.

Gulfnews

djamel05 · June 30th, 2007, 02:20 PM

I visited yesterday the site and I have seen that the construction work is progressing nicely:

- Lavender Tower (D1): Excavation started
- Lilies Tower (D2): Piling finished
- Rose Tower (D3): Piling Finished
- Chapal Tower (D4): Escavation Started

- Fortune Residency (C1): Water Proofing Started
- C2 and C3 (Majestic Towers): Piling Finished
- Lake Tower (C4): Piling Finished
- Orbit Tower (C5): Water proofing Started
- Goldcrest Dreams (C6 to C9): Piling Finished except for C9

- Burj Al Furqan (B1) Piling Started
- Paradise Lake (B2 to B6): Excavation and Piling on these plots is underway
- Paradise Lake (B7): Raft is finished
- Paradise Lake (B8): Ground Level finished and will start rising

No activity is seen in other plots, the number of portal cabins is just increasing, the biggest at the center being for BECON Constructions.

SAJJAD37 · June 30th, 2007, 02:31 PM

what is per sq feet rate in emirates city

djamel05 · July 1st, 2007, 09:13 AM

Tower Name Price sqft
Goldcrest Dreams 2 400
Golf Tower 360-370
Burj Al Furqan 325
Paradise Lakes 345-380
Rainbow Towers 370-380
Crystal Residency 315-345
Fortune Residency 345
Majestic Towers 360
Lake Towers Sold Out (290)
Lake Towers 380
Orbit Tower 325
Goldcrest Dreams 400
Al Furqan Twin Towers 375
Al Jazeera Tower 399
Savannah 350
Sahara Towers 360-370
Lake View Tower 345
Lavender Tower 400
Lilies Tower 370
The Rose Residential Tower 405-420
Chapal the Glory 340
Harmony 365-375
Pearl Tower 375

cshuuriye@yahoo.com · July 1st, 2007, 12:48 PM

Quote:

Originally Posted by djamel05

I visited yesterday the site and I have seen that the construction work is progressing nicely:

- Lavender Tower (D1): Excavation started
- Lilies Tower (D2): Piling finished
- Rose Tower (D3): Piling Finished
- Chapal Tower (D4): Escavation Started

- Fortune Residency (C1): Water Proofing Started
- C2 and C3 (Majestic Towers): Piling Finished
- Lake Tower (C4): Piling Finished
- Orbit Tower (C5): Water proofing Started
- Goldcrest Dreams (C6 to C9): Piling Finished except for C9

- Burj Al Furqan (B1) Piling Started
- Paradise Lake (B2 to B6): Excavation and Piling on these plots is underway
- Paradise Lake (B7): Raft is finished
- Paradise Lake (B8): Ground Level finished and will start rising

No activity is seen in other plots, the number of portal cabins is just increasing, the biggest at the center being for BECON Constructions.

Hi,
I wonder if you could clarify the sequence of work has to be done. Water Proofing, Pilling, Excavations, water Proofing and Raft.
Thanks

djamel05 · July 1st, 2007, 03:05 PM

Quote:

Originally Posted by cshuuriye@yahoo.com

Hi,
I wonder if you could clarify the sequence of work has to be done. Water Proofing, Pilling, Excavations, water Proofing and Raft.
Thanks

Excavation, Piling, Raft, waterproofing in this order

cshuuriye@yahoo.com · July 1st, 2007, 04:17 PM

Quote:

Originally Posted by djamel05

Excavation, Piling, Raft, waterproofing in this order

Thank you dJamel for quick response, but i still confused Where does R-Holding fit this mega Emirate city Project, I thought they own the whole project but i can see from the above correspondence they are selling to Real estate companies with exception to Lilie, Lavender and and paradise lakes. I may be wrong. I would be very gratefuk if someone clarify for me. dJamel what do you think

swetharaj · July 1st, 2007, 06:59 PM

Hi djamel05,

Iam new to this forum and project. Iam interested in buyin one B/R apartment. Which is the best tower to buy taking into count the price, completion date(earlier the better), reliability and quality?

Thanks for the prices in the previous message, but do these include parking charges and floor charges?

Any idea on what the price appreciation could be lets say in the mid of next year and on completion?

Please help me in making my decision guys?

SAJJAD37 · July 1st, 2007, 07:36 PM

thanx djamel05

swetharaj · July 1st, 2007, 08:47 PM

Quote:

Originally Posted by SAJJAD37

thanx djamel05

Hi sajjad37,

Are you planning to buy an apartment in emirates city now? If so, could you please let me know once you have done your investigation and encquiries on what is the best sq.ft price you could get incluing the parking and floor charges if possible and if any?

Parham · July 2nd, 2007, 12:16 AM

Does anybody know what will be the effect of Dubai's Salik on the prices in the Emirates City? It seems that traffic is getting worse for people who have to travel to Dubai to work there or at least they have to pay more on transportation.

Parham · July 2nd, 2007, 12:20 AM

Comparing to some othe plots, Orbit Tower is located on one of the best plots with lake view. Does anybody know why they sell for almost AED 330 per sqf?

June 27th, 2007, 02:31 PM	#126
Parham Bandeh yeh Khoda Join Date: Jun 2007 Posts: 21 Likes (Received): 0	They canceled building Golf Course?!!!! I have heard from a developer that building Golf Course in the southern part of the Emirates City has been canceled. So there will be no golf view at all!!! Can anybody verify the news?

June 29th, 2007, 11:00 AM	#128
toph3333 Registered User Join Date: Jan 2007 Posts: 29 Likes (Received): 0	Unit Pricing??? I have been looking at the pricing of all the units available in the Emirates City and just don’t get why such differences in price exist. I would think in a project like this everything would be similarly priced. Does anyone have an opinion on the Goldcrest Dreams 2 project and why it is so much more expensive than the others? For 1350 sqft (2br) they are asking for 537,000 + 25,000 for indoor parking. This seems to be a lot more expensive than the other projects going up, does this mean: 1. it is way over priced, or 2. it is of a much higher quality??? They don't even have the greatest views, especially now there are the extra twenty towers going in, which assumabley will kill any of the "golf course" views.

June 29th, 2007, 12:42 PM	#129
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 27	Ajman is new property hotspot By Robert Ditcham, Staff Reporter Published: June 28, 2007, 23:33 Dubai: Ajman may be the smallest of the UAE's seven states at only 260 square kilometres, but its property sector is one of the country's most active. Close to 200 freehold residential towers are either under construction or have been completed since the city's freehold property sector kicked off in 2004. With the possibility of 100 per cent ownership rights and guaranteed residency visas for buyers, the emirate has attracted strong investment from GCC nationals, expatriates and overseas buyers. "All of the northern emirates are witnessing major real estate development, but Ajman is possibly the most active in terms of construction," said Roger Wilkinson, managing partner of Northern Emirates Property, a Sharjah-based property leasing and management company, which runs the website Ajman Property.com. The city markets itself as a place to get away from busy city life, but getting away from Dubai's high rents seems to be a key reason for moving there. Average outright purchase prices are also significantly less - up to four times lower than in Dubai, said Wilkinson - and flat sizes tend to be bigger. Target Real estate companies are only able to offer affordable housing aimed at mid-income earners if they can keep their initial development costs down. Amir Ameen, director of Star Giga Establishment, said the land price in Ajman for his Dh700 million Goldcrest Dreams project was around Dh40 per square foot compared with about Dh150 in Dubai. At the project launch, the 1,600 apartments within the four building project started at Dh285,0000 for a one bedroom apartment and climbed to Dh416,000 for two bedroom apartments. Ajman's close proximity to Dubai is another plus point. The 35 kilometre drive can take as little as 20 minutes or more than two hours. New highway and rail connections are expected to shorten the journey. However, the emirate does not want to be considered merely a satellite town to house Dubai workers. According to Wilkinson, who has monitored Ajman's real estate development for more than 15 years, the emirate is attracting commercial, retail and hospitality investment, as well as improving its general infrastructure and boasting major banks and retailers. As amenities increase and transport links improve, prices invariably climb - good reason for investing now, say property agents. The city currently lacks mortgage facilities, but once these are introduced, buyers will be able to finance bigger purchases, which would in turn drive rates up. Average prices for freehold property are now Dh350-550 per square foot, says Wilkinson, but can be as high as Dh750-950 per square foot mark for more luxurious projects. Rents have gone up by 10-20 per cent since the start of the year, he added. Lisa Dale, head of Al Tamimi & Company's property department, said Ajman allows a maximum rent increase of 20 per cent after the first three years of a contract. Although the market is less mature than Dubai, meaning prices will continue to increase while the Dubai market eventually stabilises, there will always be a gap between the two, say major developers. "I'm sure prices will increase but they will never reach the level of Dubai," said Omar Ayesh, president of Sharjah-based private developer Tameer, which is developing Al Ameera Village in Ajman. "There will always be a gap because the standard of living, the infrastructure and facilities in Dubai are very high. You pay a price for the Dubai brand." Private developers show increasing interest Ajman's freehold property sector opened up in July 2004 with the launch of Al Naeymiyah Towers - a 15-tower development split into two phases. Purchase prices during the launch of the first phase were just Dh157 per square foot and increased to Dh180 per square foot for the second phase. Developed by the government of Ajman, which acts as a master developer for the emirate, the project has been completed - proof that the city can deliver major residential projects and a major confidence booster for property speculators and end users, said Roger Wilkinson, managing partner of Northern Emirates Property. Since then, projects including Rashidiya Towers, a complex of 11 buildings which sold for Dh220 per square foot on launch, have been delivered, while the nine-building Al Khor Towers development is scheduled for completion by the end of the year. Other major projects scheduled for delivery by 2010 include Horizon Towers, Falcon Tower, Ajman One and Corniche Tower. Although most of these are developed and financed by the Ajman government, some land plots have been snapped up by private developers. Star Giga Establishment last year launched a Dh700 million freehold residential property development at Paradise Lakes on the Emirates Road. Goldcrest Dreams will contain 1,600 one and two bedroom apartments and is scheduled for delivery in mid 2009. Gulfnews __________________ Dubai Construction Update Dubai photos by Imre Solt

June 30th, 2007, 02:20 PM	#130
djamel05 Registered User Join Date: Apr 2007 Location: Dubai Posts: 187 Likes (Received): 0	Construction Status at Emirates City I visited yesterday the site and I have seen that the construction work is progressing nicely: - Lavender Tower (D1): Excavation started - Lilies Tower (D2): Piling finished - Rose Tower (D3): Piling Finished - Chapal Tower (D4): Escavation Started - Fortune Residency (C1): Water Proofing Started - C2 and C3 (Majestic Towers): Piling Finished - Lake Tower (C4): Piling Finished - Orbit Tower (C5): Water proofing Started - Goldcrest Dreams (C6 to C9): Piling Finished except for C9 - Burj Al Furqan (B1) Piling Started - Paradise Lake (B2 to B6): Excavation and Piling on these plots is underway - Paradise Lake (B7): Raft is finished - Paradise Lake (B8): Ground Level finished and will start rising No activity is seen in other plots, the number of portal cabins is just increasing, the biggest at the center being for BECON Constructions.

July 2nd, 2007, 12:16 AM	#139
Parham Bandeh yeh Khoda Join Date: Jun 2007 Posts: 21 Likes (Received): 0	How Salik will influence prices in Emirates City? Does anybody know what will be the effect of Dubai's Salik on the prices in the Emirates City? It seems that traffic is getting worse for people who have to travel to Dubai to work there or at least they have to pay more on transportation.

June 24th, 2007, 09:09 AM	#121
coolteam Registered User Join Date: Jun 2007 Posts: 8 Likes (Received): 0	to djamel05 C3 is majestic tower & C-16 sahara the answer to ur query regarding the office of Mr. Saffarini ----- the office i visited was in deira and the entire bldg belongs to them. Even they have a site office at emirates city. he is a very kind person and at present has around 350 people working in his company. a good thing he never keeps girl in his office all gentle men. Regarding the contractor he has confirmed that the company filing the lowest tenders and had a past good records will get the work. the piling contract of BSEL has been awarded to piling tech.

June 24th, 2007, 09:15 AM	#122
coolteam Registered User Join Date: Jun 2007 Posts: 8 Likes (Received): 0	Mr. Dwarish ' to ur query the 20 plots will be coming towards D-14 side but the existing road is been increased in width. that means all the plots with No 14 specialy A-14 and D-14 will have a excellent two to three side views.

June 24th, 2007, 11:35 AM	#123
dwarish Registered User Join Date: Dec 2006 Posts: 276 Likes (Received): 0	Thanks Coolteam, you have done the great job, one more query You must have asked about the completion of the project, if yes kindly share with us.

June 24th, 2007, 03:10 PM	#125
coolteam Registered User Join Date: Jun 2007 Posts: 8 Likes (Received): 0	Dwarish the entire project has different dates for completion. If a project starts now then as per their view if the builder has money and is not entirely depended on the sales income then his project should be completed on time i.e. within 3 years.

June 28th, 2007, 03:05 PM	#127
djamel05 Registered User Join Date: Apr 2007 Location: Dubai Posts: 187 Likes (Received): 0	The sale of a new tower started today: B18: Venice Tower http://www.ajmanproperty.com/venice-home.asp

June 30th, 2007, 02:31 PM	#131
SAJJAD37 Registered User Join Date: Apr 2007 Posts: 10 Likes (Received): 0	what is per sq feet rate in emirates city

July 1st, 2007, 09:13 AM	#132
djamel05 Registered User Join Date: Apr 2007 Location: Dubai Posts: 187 Likes (Received): 0	Tower Name Price sqft Goldcrest Dreams 2 400 Golf Tower 360-370 Burj Al Furqan 325 Paradise Lakes 345-380 Rainbow Towers 370-380 Crystal Residency 315-345 Fortune Residency 345 Majestic Towers 360 Lake Towers Sold Out (290) Lake Towers 380 Orbit Tower 325 Goldcrest Dreams 400 Al Furqan Twin Towers 375 Al Jazeera Tower 399 Savannah 350 Sahara Towers 360-370 Lake View Tower 345 Lavender Tower 400 Lilies Tower 370 The Rose Residential Tower 405-420 Chapal the Glory 340 Harmony 365-375 Pearl Tower 375

July 1st, 2007, 06:59 PM	#136
swetharaj Registered User Join Date: Jul 2007 Location: london Posts: 28 Likes (Received): 0	Hi djamel05, Iam new to this forum and project. Iam interested in buyin one B/R apartment. Which is the best tower to buy taking into count the price, completion date(earlier the better), reliability and quality? Thanks for the prices in the previous message, but do these include parking charges and floor charges? Any idea on what the price appreciation could be lets say in the mid of next year and on completion? Please help me in making my decision guys?

July 1st, 2007, 07:36 PM	#137
SAJJAD37 Registered User Join Date: Apr 2007 Posts: 10 Likes (Received): 0	thanx djamel05

July 2nd, 2007, 12:20 AM	#140
Parham Bandeh yeh Khoda Join Date: Jun 2007 Posts: 21 Likes (Received): 0	Comparing to some othe plots, Orbit Tower is located on one of the best plots with lake view. Does anybody know why they sell for almost AED 330 per sqf?

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