#ON HOLD: FAIRVIEW RESIDENCY, 21F Res

[THE DUBAI GUYS]

Name: FAIRVIEW RESIDENCY
Height: ?m
Floors: ?
Use: Res
Developer: Deyaar
Start: 2008 Finish: ?



Overview & Lifestyle

Where Luxury, Location and Lifestyle blend

Downtown living at the hub of a global capital is for the privileged few, like you.

At Fairview Residency the fast pace culture of work seamlessly merges with the relaxed environs of your home. Bid goodbye to long hours commute, and spend time living life with your loved ones.

R

[nenumal]

Originally Posted by THE DUBAI GUYS

Name: FAIRVIEW RESIDENCY
Height: ?m
Floors: ?
Use: Res
Developer: Deyaar
Start: 2008 (?)
Finish: ?



Overview & Lifestyle

Where Luxury, Location and Lifestyle blend

Downtown living at the hub of a global capital is for the privileged few, like you.

At Fairview Residency the fast pace culture of work seamlessly merges with the relaxed environs of your home. Bid goodbye to long hours commute, and spend time living life with your loved ones.

R

Is it possible to know exactly the location in BB, Plot No....., commencing of construction, completion period etc.....

Warm wishes for 2008.

[AltinD]

ZLocaion can be found here: http://www.deyaar.ae/html/map.aspx (click on Business Bay to enlarge map)

[AltinD]

And here is the link to the website: http://www.deyaar.ae/html/floorplan.aspx?pid=32# You can download the broshure there for more info

[nenumal]

Originally Posted by AltinD

ZLocaion can be found here: http://www.deyaar.ae/html/map.aspx (click on Business Bay to enlarge map)

Thanks. Only problem not showing plot No., and not even brochure is mentioned.

[bizzybonita]

[234sale]

[234sale]

[Imre]

Deyaar will cut unit prices as part of 2009 strategy



Dubai: Deyaar Development yesterday said it will reduce unit prices for customers as well as offer cash back and transfer options on projects as part of its business strategy for 2009.

The key motivation behind the strategy is to avoid the risk of defaults on payments as far as possible, although chief executive Markus Giebel recognised that defaults will happen.

"In these difficult times, you cannot help everybody. There will be a default rate in Dubai," Giebel told reporters.

"We believe the toxicity of our assets right now is above 50 per cent. The toxic level of an asset class equals the expected default rate of a client. At Deyaar, we have to do our utmost to get the default rate as low as possible," Giebel said.

Prices of both sold and unsold units at four developments - Oxford, Fairview, Bristol Residence and Bristol Office - will be reduced by between 25 and 30 per cent on average. The reduction in prices will be supported by more flexible payment plans including lower instalment payments and adjustments to the payment schedule.

Customers are also being offered the chance to transfer their ownership in Deyaar Park and Mirar Residences to other projects whose development will be fast-tracked.

As part of project consolidation, Deyaar is offering upto 50 per cent consolidation, and upto 10 per cent cash back on the amount paid, in a bid to reduce customer exposure.

In the case of Deyaar Enclave, 100 per cent cash back is being offered, though Deyaar insists that the project has not been cancelled.

"Deyaar Park and Mirar are project consolidation. Enclave is a little bit different, it is also consolidation but we give 100 per cent of the money back," explained Giebel. "It's not cancelled, because we aim to build it when the market comes back."

The real estate sector in Dubai has already begun to feel the impact of a necessary price correction in the market, after reaching hysterical levels last year. In response, several developers have indicated the need to readjust business plans and move towards a more customer focussed approach.

Deyaar will soon announce the details of a large scale fund which will pool together assets of customers who have defaulted on payments. The properties will not be resold so as not to destabilise prices, according to Giebel.

Outlook: Healthy cash scene

Seven projects, accounting for four million square feet are due for delivery in 2009, with another four million square feet of projects expected in 2010 and 2011.

Although Deyaar has detailed some plans for expansion regionally, the developer remains one of the smaller ones in the market, with a healthy balance sheet to off set much of the cost involved in implementing such a strategy.

Giebel clarified that the company is not in need of any additional funding. Deyaar's debt to equity ratio is eight per cent, and the company is forecasting a profitable year this year.

http://www.gulfnews.com/business/Rea.../10295734.html

[234sale]

My understaning, 20% off contract prices for some buyers

I think this started at 2200AED sqft, please correct me if I am wrong

[Parisian Girl]

Dubai property giant offers price cuts and investment swapping

March 19, 2009 by OPPE News

One of the biggest players in the UAE real estate market has unveiled some of the most ambitious price cuts yet in a bid to maintain investment interest during the credit crunch.

Deyaar, seen as a giant of Dubai and the Middle East, has announced a list of measures including cutting prices by 30 per cent and giving 100 per cent refunds to those who have already made an investment in postponed projects.

As part of a ‘2009 business strategy’ the firm is also offering the chance to swap investment in postponed real estate projects to schemes which are due to be completed.

The company is building the likes of Bristol Residential Tower and Fairview Residency, both in Business Bay in Dubai.

Both are now due to pass on 25 per cent price reductions those who have already made an investment in a unit.

Deyaar said: “The transfer option will be exercised purely on a voluntary basis and will give customers the option to transfer their ownership to premium projects in prime locations.

“It will also allow customers to consolidate their total outstanding payments.”

The move could pressure other Dubai property developers to make similar price cuts in an effort to fuel new investment interest.

The company will also provide “soft payment plans” to customers, replacing the original payment schedule with smaller payments to be paid out over an extended period.

The company said this tactic has already proved successful at the Al Seef II real estate project in Jumeirah Lake Towers, which was delivered earlier this year.

http://www.offplanpropertyexchange.c...t-swapping/989

[234sale]

[DR.SHREJMAN]

any news??

[SkyscraperCity man]

21-Jan-12

[OmarPERU]

UPDATE 28.04.12

[OmarPERU]

UPDATE 06.10.12

Even if progress is slow, this is U/C

[DR.SHREJMAN]

Completion date july 2013