#PROJECT: AL GHADEER - Page 3

kay jay · May 24th, 2008, 03:33 PM

Hi,

This is going to be a mega project.
Apparently 30k ppl registered.
There has been a exclusive VIP launch.
There will be another launch for the big boys then there will be the public launch.
Sorouh are limiting the number a individual can purchase.
No villas launched yet

Anyone interested in buying - pm me

Regards,

KJ.

andyt80 · May 27th, 2008, 01:57 PM

Hi Guys,

I heard that it was launched for VIPs as informed by KJ. And the price its going for is around 1600s. Has anyone heard anything.

Cheers,
Andy

***bizzybonita*** · May 28th, 2008, 04:56 AM

Sorouh to sell Ghadeer residential project in Q2

Sorouh Real Estate will offer Al Ghadeer residential project at Seih Al Sdeira on the Abu Dhabi-Dubai border for sale during the second quarter of 2008, the company said.

Chief sales and marketing officer Masood Al Awar told Emirates Business that the company started registering prospective customers at Cityscape Dubai in October and will soon contact selected customers to start the sale procedures.

About 12,000 applicants have been registered, he said, while the number of units in the Dh20 billion project are just 6,800.

Al Ghadeer, which is one of Sorouh's largest projects, has a total area of three million square metres, Al Awar said. The project contains luxury residences at "reasonable" prices and includes villas, apartments, town houses, schools, medical centres, stores and entertainment facilities.

"Our current projects in Abu Dhabi [have a total of] 12,000 residential units, while we have received more than 30,000 applications. This figure is increasing on a daily basis. The number of people on the waiting list at the Al Ghadeer project is double the number of available units. In addition, there are 4,000 applications for Shams Abu Dhabi's six towers," Al Awar said.

The huge demand to buy residential units in Abu Dhabi is not restricted to Sorouh's real estate projects, Al Awar said, but covers the ever-growing property sector of the entire emirate.

kay jay · May 28th, 2008, 11:15 AM

Quote:

Originally Posted by andyt80

Hi Guys,

I heard that it was launched for VIPs as informed by KJ. And the price its going for is around 1600s. Has anyone heard anything.

Cheers,
Andy

You info is correct.

See your pm

dubaigreen · May 29th, 2008, 09:13 PM

Do you mean 1600 dirham/sqft? That would be crazy for a project in the middle of the desert. Sorouh promised affordable housing......

GeraldCroteau · May 31st, 2008, 07:46 PM

This project is circulating with VIPs. This means essentially locals. Pricing already around 2150 a square foot. Release should be in a few more weeks.

kay jay · June 1st, 2008, 10:27 AM

Quote:

Originally Posted by DubaiGerald

This project is circulating with VIPs. This means essentially locals. Pricing already around 2150 a square foot. Release should be in a few more weeks.

Absolutely spot on Dubai Gerald !

The next block is going to be sold to major players then the leftovers to the general Tom Dick and Harry's ( who incidently registered ) i.e. 30k ppl.

If anyone is serious and wants one, villa or apartment pm me I can sort it.

Regards

KJ.

luxus · June 1st, 2008, 01:41 PM

hi i have a few questions to the ones who know more about al-ghadeer
i'd like to know who the project managing company is, or who the contractor is,
and if could also tell me who the project manager is !!!!!

many thnks for your help in advance guys!!!

i'd really appreciate it

kay jay · June 1st, 2008, 04:54 PM

Quote:

Originally Posted by luxus

hi i have a few questions to the ones who know more about al-ghadeer
i'd like to know who the project managing company is, or who the contractor is,
and if could also tell me who the project manager is !!!!!

many thnks for your help in advance guys!!!

i'd really appreciate it

How about blood group and to top it all DNA ?

At the end of the day mate it is not what you know but who you know and it is called life.

Regards,

KJ

dubaigreen · June 1st, 2008, 08:26 PM

Now mate, 2150 per sqft is over the top. Perhaps on AL Reem, ok, but this project is in the middle of the desert, and should have been 1000 or lower per sqft.

So, mate, all the best with this new block. I am sticking to my Hydra Village (500 per sqft) investment.

flares · June 2nd, 2008, 05:41 AM

Quote:

Originally Posted by dubaigreen

Now mate, 2150 per sqft is over the top. Perhaps on AL Reem, ok, but this project is in the middle of the desert, and should have been 1000 or lower per sqft.

So, mate, all the best with this new block. I am sticking to my Hydra Village (500 per sqft) investment.

reading over the phase 1 financial analysis of this one from last yr and looking at the projected selling price and the 2150 figure quoted above...I am in shock. Even if price has a secondary market premium on it the IRR and ROE will be through the roof for Mr Developer

How much are they selling for to VVVVIPs? Apartments, Villas, Townhouses per ft2?

Imre · June 2nd, 2008, 07:07 AM

most of villas sold out before any launch, my friend told me ,heard that somebody bought 300 villas there...

dubaigreen · June 2nd, 2008, 03:28 PM

There should be a rule around this buying in blocks of 300 villas' and controlling the market prices, especially because Sorouh promised affordable housing, and in this way, this seems hopeless. I hope these speculators get stuck with non-flippable units...

kay jay · June 2nd, 2008, 03:38 PM

Quote:

Originally Posted by dubaigreen

There should be a rule around this buying in blocks of 300 villas' and controlling the market prices, especially because Sorouh promised affordable housing, and in this way, this seems hopeless. I hope these speculators get stuck with non-flippable units...

I absolutely agree.... but that is not what happens in reality.

Now I know ppl who bought in this phase and are looking to make a quick buck that is where I can assist if anyone is intereted.

Still even if you buy now before the general public you will still be on a winner as the next payment is not until 12/08. The first payment was 10%.

Regards,

KJ

ferrari430 · June 2nd, 2008, 05:03 PM

Looks like there is a shit load of them already on resale on gulf news. At typical advert is

---------------------------------------------------------------------------------------------------------------------------
The Lakes, Ghadeer Type 2E, Villa, 3 B/R + 2 Study Rooms + Maid’s Room, 2,788 sq. ft., Completion Dec. 09, Selling Price AED 5,191,000. Call Vagif 050-9255404. AL HABTOOR PROPERTIES Exceeding your expectations, Guiding you to your dream property - Mitsubishi Motors Building, Off. 204, Shaikh Zayed Road, P.O. Box: 283137, Dubai, U.A.E. / Tel: 04-3388813 / Fax: 04-3388814.
---------------------------------------------------------------------------------------------------------------------------

that is one of the cheaper ones i have seen 1862 dhs psf. Some are asking for a 30% premium already - doubt it whether it can be sold at these premiums now

Mavekris · June 2nd, 2008, 05:15 PM

this is a different project located in dubai near by the lakes and meadows

killerk · June 2nd, 2008, 05:39 PM

People still dont get the fact that ABU DHABI and DUBAI are two different cities. I am fed up explaining to people in the US that the two are 2 different cities and Abu Dhabi is not a suburb of Dubai.

ferrari430 · June 2nd, 2008, 06:18 PM

Quote:

Originally Posted by Mavekris

this is a different project located in dubai near by the lakes and meadows

oops! sorry - there are still a few ads for al ghadeer but no area mentioned.
as follows:

RJ-0021, Al Ghadeer villa, Abu Dhabi, 3 BR, AED 5,650,000. BUNIAH - When things make sense. Project Marketing & Sales, Property Development, Advisory, Brokerage Services, Leisure Real Estate Solutions & Commercial

dubaigreen · June 2nd, 2008, 08:04 PM

See below what I found on the Internet expat site:

UNITS AVAILABLE IN AL GHADEER by SOROUH
ALL SOLD OUT

WE ONLY HAVE STUDIOS,
APPARTMENTS,
VILLAS,
TOWNHOUSE
ALL DIFFERENT SIZES, DIFFERENT PRICES
PAYMENT: 10 % NOW
PREMIUM 10%
PREMIUM 7% for VILLAS
! ! ! ONLY BUYERS !!!
!!! DIRECT FROM OWNER!!!
!!! ONLY LOCALS, GCC and COMPANIES !!!

UNIT TYPE APARTMENT
SIZE 1,290.10 sq.ft.
UNIT PRICE 1,980,268.00
10% PAYMENT 198,026.80

UNIT TYPE APARTMENT
SIZE 855 sq.ft.
UNIT PRICE 1,312,413.00
10% PAYMENT 131,241.30

UNIT TYPE APARTMENT
SIZE 765.3 sq.ft.
UNIT PRICE 1,174,778.00
10% PAYMENT 117,477.80

UNIT TYPE APARTMENT
SIZE 465 sq.ft.
UNIT PRICE 735,203.00
10% PAYMENT 73,520.30

UNIT TYPE APARTMENT
SIZE 1,290.10 sq.ft.
UNIT PRICE 1,980,268.00
10% PAYMENT 198,026.80

UNIT TYPE TOWNHOUSE
SIZE 2,820.17 sq.ft.
UNIT PRICE 3,948,235.20
10% PAYMENT 394,823.52

UNIT TYPE TOWNHOUSE
SIZE 2,820.17 sq.ft.
UNIT PRICE 3,948,235.20
10% PAYMENT 394,823.52

UNIT TYPE TOWNHOUSE
SIZE 3,186.14 sq.ft.
UNIT PRICE 4,460,601.60
10% PAYMENT 446,060.16

UNIT TYPE TOWNHOUSE
SIZE 3,186.14 sq.ft.
UNIT PRICE 4,460,601.60
10% PAYMENT 446,060.16

UNIT TYPE TOWNHOUSE
SIZE 2,820.17 sq.ft.
UNIT PRICE 3,948,235.20
10% PAYMENT 394,823.52

UNIT TYPE TOWNHOUSE
SIZE 2,744.82 sq.ft.
UNIT PRICE 4,034,885.40
10% PAYMENT 403,488.54

UNIT TYPE VILLA
SIZE 3,488 sq.ft.
UNIT PRICE 6,214,789.00
10% PAYMENT 621,479.00

UNIT TYPE VILLA
SIZE 3,488 sq.ft.
UNIT PRICE 5,178,991.00
10% PAYMENT 517,899.10

UNIT TYPE VILLA
SIZE 3,294.00 sq.ft.
UNIT PRICE 4,891,269.00
10% PAYMENT 489,126.90

UNIT TYPE VILLA
SIZE 5,457.00 sq.ft.
UNIT PRICE 8,509,370.00
10% PAYMENT 850,937.00

dubaigreen · June 2nd, 2008, 08:07 PM

This looks like 1400 per sqft for most units???

Who is pulling a leg here with this 2150 per sqft??

May 24th, 2008, 03:33 PM	#41
kay jay Registered User Join Date: Jan 2007 Location: Manchester Posts: 74 Likes (Received): 0	Al-Ghadeer Hi, This is going to be a mega project. Apparently 30k ppl registered. There has been a exclusive VIP launch. There will be another launch for the big boys then there will be the public launch. Sorouh are limiting the number a individual can purchase. No villas launched yet Anyone interested in buying - pm me Regards, KJ.

May 27th, 2008, 01:57 PM	#42
andyt80 Registered User Join Date: Feb 2008 Posts: 1 Likes (Received): 0	Al Ghadeer Hi Guys, I heard that it was launched for VIPs as informed by KJ. And the price its going for is around 1600s. Has anyone heard anything. Cheers, Andy

May 28th, 2008, 04:56 AM	#43
*bizzybonita* ĐЯ ฿฿ שίŧђ Ħīĝђ קΘฬξЯ Join Date: Jul 2006 Posts: 11,493 Likes (Received): 2	Sorouh to sell Ghadeer residential project in Q2 Sorouh Real Estate will offer Al Ghadeer residential project at Seih Al Sdeira on the Abu Dhabi-Dubai border for sale during the second quarter of 2008, the company said. Chief sales and marketing officer Masood Al Awar told Emirates Business that the company started registering prospective customers at Cityscape Dubai in October and will soon contact selected customers to start the sale procedures. About 12,000 applicants have been registered, he said, while the number of units in the Dh20 billion project are just 6,800. Al Ghadeer, which is one of Sorouh's largest projects, has a total area of three million square metres, Al Awar said. The project contains luxury residences at "reasonable" prices and includes villas, apartments, town houses, schools, medical centres, stores and entertainment facilities. "Our current projects in Abu Dhabi [have a total of] 12,000 residential units, while we have received more than 30,000 applications. This figure is increasing on a daily basis. The number of people on the waiting list at the Al Ghadeer project is double the number of available units. In addition, there are 4,000 applications for Shams Abu Dhabi's six towers," Al Awar said. The huge demand to buy residential units in Abu Dhabi is not restricted to Sorouh's real estate projects, Al Awar said, but covers the ever-growing property sector of the entire emirate. __________________ ฿ĪẐẐΫ ฿Ǿ₦ŦẪ 2013

May 31st, 2008, 07:46 PM	#46
GeraldCroteau Registered User Join Date: Mar 2008 Location: Dubai Posts: 7 Likes (Received): 0	Al Ghadeer Pricing This project is circulating with VIPs. This means essentially locals. Pricing already around 2150 a square foot. Release should be in a few more weeks.

June 1st, 2008, 01:41 PM	#48
luxus Registered User Join Date: May 2008 Posts: 2 Likes (Received): 0	i need a few info's hi i have a few questions to the ones who know more about al-ghadeer i'd like to know who the project managing company is, or who the contractor is, and if could also tell me who the project manager is !!!!! many thnks for your help in advance guys!!! i'd really appreciate it

May 29th, 2008, 09:13 PM	#45
dubaigreen Registered User Join Date: Dec 2006 Posts: 218 Likes (Received): 0	Do you mean 1600 dirham/sqft? That would be crazy for a project in the middle of the desert. Sorouh promised affordable housing......

June 1st, 2008, 08:26 PM	#50
dubaigreen Registered User Join Date: Dec 2006 Posts: 218 Likes (Received): 0	Now mate, 2150 per sqft is over the top. Perhaps on AL Reem, ok, but this project is in the middle of the desert, and should have been 1000 or lower per sqft. So, mate, all the best with this new block. I am sticking to my Hydra Village (500 per sqft) investment.

June 2nd, 2008, 07:07 AM	#52
Imre Dubai Join Date: Jan 2005 Location: Dubai Posts: 41,364 Likes (Received): 25	most of villas sold out before any launch, my friend told me ,heard that somebody bought 300 villas there... __________________ Dubai Construction Update Dubai photos by Imre Solt

June 2nd, 2008, 03:28 PM	#53
dubaigreen Registered User Join Date: Dec 2006 Posts: 218 Likes (Received): 0	There should be a rule around this buying in blocks of 300 villas' and controlling the market prices, especially because Sorouh promised affordable housing, and in this way, this seems hopeless. I hope these speculators get stuck with non-flippable units...

June 2nd, 2008, 05:03 PM	#55
ferrari430 banglaboy Join Date: Dec 2006 Location: London Posts: 495 Likes (Received): 0	Looks like there is a shit load of them already on resale on gulf news. At typical advert is --------------------------------------------------------------------------------------------------------------------------- The Lakes, Ghadeer Type 2E, Villa, 3 B/R + 2 Study Rooms + Maid’s Room, 2,788 sq. ft., Completion Dec. 09, Selling Price AED 5,191,000. Call Vagif 050-9255404. AL HABTOOR PROPERTIES Exceeding your expectations, Guiding you to your dream property - Mitsubishi Motors Building, Off. 204, Shaikh Zayed Road, P.O. Box: 283137, Dubai, U.A.E. / Tel: 04-3388813 / Fax: 04-3388814. --------------------------------------------------------------------------------------------------------------------------- that is one of the cheaper ones i have seen 1862 dhs psf. Some are asking for a 30% premium already - doubt it whether it can be sold at these premiums now

June 2nd, 2008, 05:15 PM	#56
Mavekris Registered User Join Date: Oct 2007 Posts: 543 Likes (Received): 0	this is a different project located in dubai near by the lakes and meadows

June 2nd, 2008, 05:39 PM	#57
killerk Registered User Join Date: Mar 2007 Location: Houston, Texas Posts: 1,300 Likes (Received): 21	People still dont get the fact that ABU DHABI and DUBAI are two different cities. I am fed up explaining to people in the US that the two are 2 different cities and Abu Dhabi is not a suburb of Dubai.

June 2nd, 2008, 08:04 PM	#59
dubaigreen Registered User Join Date: Dec 2006 Posts: 218 Likes (Received): 0	See below what I found on the Internet expat site: UNITS AVAILABLE IN AL GHADEER by SOROUH ALL SOLD OUT WE ONLY HAVE STUDIOS, APPARTMENTS, VILLAS, TOWNHOUSE ALL DIFFERENT SIZES, DIFFERENT PRICES PAYMENT: 10 % NOW PREMIUM 10% PREMIUM 7% for VILLAS ! ! ! ONLY BUYERS !!! !!! DIRECT FROM OWNER!!! !!! ONLY LOCALS, GCC and COMPANIES !!! UNIT TYPE APARTMENT SIZE 1,290.10 sq.ft. UNIT PRICE 1,980,268.00 10% PAYMENT 198,026.80 UNIT TYPE APARTMENT SIZE 855 sq.ft. UNIT PRICE 1,312,413.00 10% PAYMENT 131,241.30 UNIT TYPE APARTMENT SIZE 765.3 sq.ft. UNIT PRICE 1,174,778.00 10% PAYMENT 117,477.80 UNIT TYPE APARTMENT SIZE 465 sq.ft. UNIT PRICE 735,203.00 10% PAYMENT 73,520.30 UNIT TYPE APARTMENT SIZE 1,290.10 sq.ft. UNIT PRICE 1,980,268.00 10% PAYMENT 198,026.80 UNIT TYPE TOWNHOUSE SIZE 2,820.17 sq.ft. UNIT PRICE 3,948,235.20 10% PAYMENT 394,823.52 UNIT TYPE TOWNHOUSE SIZE 2,820.17 sq.ft. UNIT PRICE 3,948,235.20 10% PAYMENT 394,823.52 UNIT TYPE TOWNHOUSE SIZE 3,186.14 sq.ft. UNIT PRICE 4,460,601.60 10% PAYMENT 446,060.16 UNIT TYPE TOWNHOUSE SIZE 3,186.14 sq.ft. UNIT PRICE 4,460,601.60 10% PAYMENT 446,060.16 UNIT TYPE TOWNHOUSE SIZE 2,820.17 sq.ft. UNIT PRICE 3,948,235.20 10% PAYMENT 394,823.52 UNIT TYPE TOWNHOUSE SIZE 2,744.82 sq.ft. UNIT PRICE 4,034,885.40 10% PAYMENT 403,488.54 UNIT TYPE VILLA SIZE 3,488 sq.ft. UNIT PRICE 6,214,789.00 10% PAYMENT 621,479.00 UNIT TYPE VILLA SIZE 3,488 sq.ft. UNIT PRICE 5,178,991.00 10% PAYMENT 517,899.10 UNIT TYPE VILLA SIZE 3,294.00 sq.ft. UNIT PRICE 4,891,269.00 10% PAYMENT 489,126.90 UNIT TYPE VILLA SIZE 5,457.00 sq.ft. UNIT PRICE 8,509,370.00 10% PAYMENT 850,937.00

June 2nd, 2008, 08:07 PM	#60
dubaigreen Registered User Join Date: Dec 2006 Posts: 218 Likes (Received): 0	This looks like 1400 per sqft for most units??? Who is pulling a leg here with this 2150 per sqft??

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