#PROJECT: REMRAAM

[MarcoJ]

Originally Posted by Mavekris

What is the relation between mazaya and tatweer?

why a comparision between these 2 projects?

on the web it states Mizin is the member of Tatweer.

Mavekris bro am not comparing the project at all its the company itself they keep on launching new projects and aren't starting the construction on the previous projects. I guess they are just collecting money from there customers.

[Mavekris]

Queue point is by mazaya (KUWAITI FIRM)

Mizin sold the plots to them, and even handed over the plots long back.

Now the problem is with mazaya they are not starting the construction.

As far i know Remraam is the only residential project lauched by mizin (TATWEER)

[Philippa C]

A friend is interested to buy an apartment from someone who bought in the last phase.

As I understand it, the original buyer has only paid a 5% deposit. Is he able to sell now? The next payment is due in July and he can't make it - he bought a few apartments so wants to sell. Emaar usually require that a seller has paid at least 30-40% before they can sell ad transfer the property. What about Tatweer?

So is is possible or "safe" for my friend to buy from a seller who has only paid the 5% deposit?

Thank you.

[nabsy]

yes its safe. just make sure u get the power of attorney made.

[Opus 2009]

Originally Posted by Philippa C

A friend is interested to buy an apartment from someone who bought in the last phase.

As I understand it, the original buyer has only paid a 5% deposit. Is he able to sell now? The next payment is due in July and he can't make it - he bought a few apartments so wants to sell. Emaar usually require that a seller has paid at least 30-40% before they can sell ad transfer the property. What about Tatweer?

So is is possible or "safe" for my friend to buy from a seller who has only paid the 5% deposit?

Thank you.

What premium are these selling at?

[Mavekris]

I know its not property sales forum but

if any one is intrested in a 2 bed large terrace close to golf course send me a PM.

[Philippa C]

Originally Posted by nabsy

yes its safe. just make sure u get the power of attorney made.

My friend was told all that was needed was an MOU between buyer and seller. There was no mention of a power of attorney. Should the seller draw up a poa so the buyer (my friend) has control of the property? I was urging caution as I've heard that an MOU is not legally enforceable and my friend could end up having paid more than the original buyer while it remains in the latter's name.

Thank you for your help

[bizzybonita]

Mizin awards Dh6b deals to deliver Remraam community on schedule


Situated in Dubailand‚ Remraam contains over 100 apartment buildings, a dedicated shopping mall and extensive community facilities.


Staff Report
Published: June 15, 2008, 20:04


Dubai: Mizin said it has awarded Dh6 billion contracts to Dubai Civil Engineering, Al Ghafly General Contracting and Parkway International for the construction of all phases of its Remraam community.

"The commencement of construction is a significant milestone in the development of the Remraam community," the company said in an e-mailed statement.

"With over 100 apartment buildings, a dedicated shopping mall and extensive community facilities to build, the project will employ over 15,000 engineers and construction workers to ensure Remraam is delivered to its customers as per the planned schedule."


"This is a key part of Mizin's build strategy, which brings with it an effective blend of economies of scale, build quality, cost efficiency and optimum delivery time, all carefully designed and implemented to maximise product quality and value to the Remraam customers," the statement said.

Mizin is currently negotiating with some of the region's leading landscape firms to undertake extensive landscaping.

With over 60 per cent of the development dedicated to green space, Remraam will be one of Dubai's greenest and less dense communities.

[POOCH-DXB]

Since I am currently out of Dubai, would appreciate some response......
Has anyone got an idea what was the price at which Landmark Properties sold building(s) in Remraam last week?
Has there been any price rise since Mizin sold a few buildings directly at end of April @ +/-1000 psf?
Will there be a launch in the future directly by Mizin.....I would be definitely interested to buy as somehow I feel this is a special project for the future.........
Regards to all

[Excavation]

To be on the safe side, just tell your friend to sell after they have made the 2nd payment. Oops, it already is July. The second payment for phase 3 purchases are due tomorrow July 7th.

Ok, so i'll just get to the point. How much does your friend want to sell? premium?

[Excavation]

Originally Posted by POOCH-DXB

Will there be a launch in the future directly by Mizin.....

I don't think so. Although those 24 buildings overlooking the Golf Course directly are still up for grabs. But I heard these buildings will be up for lease in the future.

[gulhassan]

I am interested in buying a 1 bedroom and a studio at Reemraam, incase anyone selling please send me a message on gulhassan at hotmail dot com

[nexlite]

If anyone wants one bed apartment in Dubai Lagoon ,pls PM or write to ibkiss@lycos.co.uk .
663 sq ft & car park included in phase 1 @ Aed 825 / sq ft

[perpetuallyTired]

Can some one please tell me the current premium (without commission & transfer) going for Phase 3 in Remraam. I just want to confirm what the current premiums are going for Phase 3 for 2 Br.

Also what are the normal transfer + commission rates ?

Would any one recommend buying and holding onto this (for atleast a year) or selling this after city scape ?

All suggestions/advise welcome...!!

[perpetuallyTired]

Can anyone please advise if according to market rates these offers are good ?

For 1 bed room : 1250/sqft...about 17.37 % premium net
for 2 Bed room : 1185/sq ft....about 15 % premium net (buyer is paying cash on spot, rather than financing, on this one)

All of these were Net...

Please kindly let me know what you guys think of these offers ? The remaining will be sold after City Scape. If anyone can advise that would be great.

[gevorika78]

kindda expensive really. at Jumeirah Village, which is closer to the city, and has amazing projects, the prices range from 1050 to 1300 per square foot.

[perpetuallyTired]

Well i think the project is well planned out....is on schedule (phase 3 scheduled for next year and others projected completion in 2010) and is being built by a well recognized and reliable developer. That's why there is some what price appreciation. Also a lot of green spaces in between buildings.

Plus its planned location in dubai land; next to tiger woods golf and near the bawadi hospitality area...also increases its value. Just my thoughts.

Can you also tell me which are the good developers in JVS ? The ones that you know for sure are the best projects there ? I dont have much info on that...i guess i'll also check out the JVS thread.

Originally Posted by gevorika78

kindda expensive really. at Jumeirah Village, which is closer to the city, and has amazing projects, the prices range from 1050 to 1300 per square foot.

[POOCH-DXB]

Does anyone have a construction update of this project? Pictures?
Is anything happening on site, or things are 'on Hold' as we hear for a number of projects in Dubai?

[Parisian Girl]

Construction of Remraam Community on track in Dubai



26-Nov-2008

Mizin, the real estate development arm of Tatweer, Dubai has announced that construction of the 23.5 sq ft Remraam community was proceeding as scheduled with concrete pouring of building foundations underway.

The current phase of construction involves building of the sub and super-structure of the 198 buildings within the community. The development is projected to have over 15,000 construction workers and engineers, making Remraam one of the largest construction sites in the UAE. The volume of concrete required for the foundations alone is equivalent to 1 million cubic meters, enough to fill 400 Olympic sized pools.

Ahmad Sharaf, CEO of Tatweer Investments, said, "Residential projects of this magnitude and complexity require an advanced level of expertise and strict adherence to high standards of build quality. Timely construction in accordance with these standards and expertise is a reflection of Mizin's commitment towards delivering on its promises and elevating the current norms within the Dubai real estate industry."

With contracts valued at AED 6 billion, Dubai Civil Engineering, Al Ghafly General Contracting and Parkway International have been selected by Mizin to work simultaneously on several stages of construction across the four phases of the Remraam project. Remraam is Mizin's fourth development, following the successful launch of the three communities, strategically located within Dubailand.

http://www.gowealthy.com/gowealthy/w...681212173.html

[docc]

198 buildings?!?!