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Go Back   SkyscraperCity > Continental Forums > دار زايـــد United Arab Emirates > Abu Dhabi Projects > Al Reem Island

Al Reem Island A natural island off the coast of Abu Dhabi island being developed by Sorouh (Shams Abu Dhabi), Reem Investments, and Tamouh



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Old June 20th, 2008, 04:37 PM   #1
investorppty
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#ON HOLD: SEDRAWAN, 33+32F (City of Lights)





Location: http://wikimapia.org/#lang=en&lat=24...01540&z=18&m=b

Last edited by Gabriel900; July 17th, 2016 at 10:59 PM.
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Old June 21st, 2008, 02:45 AM   #2
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What did you buy? Floor or single unit?

Was it direct from developer or resale?
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Old July 5th, 2008, 10:47 PM   #3
kay jay
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Sedrawan

Hi

I purchased in Sedrawan as well.

Current market prices are @ 8-10% premium.

Floors going for 8% and individual units are 10%.

2 Towers were released at Citiscape, 1 Tower to go.

Regards,

KJ.
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Old July 7th, 2008, 02:41 AM   #4
malec
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Hi there, please post a render of this project
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Old July 7th, 2008, 10:40 AM   #5
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render:

more pics here:
http://www.immobilienscout24.de/4641...igationbarurl=
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Old July 20th, 2008, 12:40 AM   #6
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A mod needs to edit thread title! thanks!
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Old July 20th, 2008, 05:33 AM   #7
bizzybonita
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so one of these thread should be out ...
http://www.skyscrapercity.com/showthread.php?t=648770
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฿ĪẐẐΫ ฿Ǿ₦ŦẪ 2015
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Old October 2nd, 2008, 11:38 AM   #8
must7
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Sedrawan Project

The rate of sale was 2000 Dhs. / sqm. .. an excellent design ..
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Old December 16th, 2008, 05:16 PM   #9
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So any new happening on this project ?
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Old December 27th, 2008, 10:05 AM   #10
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Tower A was 2060 to 2090 depending on wether it had park or lake/sea view.
You can pick them up for 0% now. Payment has been delayed for 6months. I know cause i have some. SPA's are out early 09 with finance options becoming available then.
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Old December 29th, 2008, 01:18 PM   #11
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actually those prices i quoted were for higher floor so 2000 is probably right then 15 or 20 dhs every 5 floors you go up.
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Old January 18th, 2009, 10:44 AM   #12
must7
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Sedrawan tower

As per the developper they are progressing on this project & shortly ground breaking would be started.
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Old January 19th, 2009, 07:16 AM   #13
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Quote:
Originally Posted by must7 View Post
As per the developper they are progressing on this project & shortly ground breaking would be started.
Oh no. Disaster. Now is not the time to begin projects, now is the time to consolidate whats already underway......
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Old February 18th, 2009, 03:43 PM   #14
must7
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Quote:
Originally Posted by dbxdude View Post
Oh no. Disaster. Now is not the time to begin projects, now is the time to consolidate whats already underway......
I fully concur .. but who is going to make the developper return the money on which they have already advanced bonuses to their staff !
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Old February 18th, 2009, 05:12 PM   #15
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Quote:
Originally Posted by must7 View Post
As per the developper they are progressing on this project & shortly ground breaking would be started.
Its been almost a year since we first made payments. I think April 22nd is a year. They can not build it or afford to build it, they have no buyers and no investors will pay 1 more dhs towards it. I think they should put money from this into other properties already under construction at a much lower OP. Or into a fund...
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Old February 18th, 2009, 05:24 PM   #16
must7
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Quote:
Originally Posted by dbxdude View Post
Its been almost a year since we first made payments. I think April 22nd is a year. They can not build it or afford to build it, they have no buyers and no investors will pay 1 more dhs towards it. I think they should put money from this into other properties already under construction at a much lower OP. Or into a fund...
Jeez .. dont' tell me you a sucker like me on the FGB Project .. cause I am down right annoyed at the way they have moved on this project, let alone the customer support !
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Old February 23rd, 2009, 02:45 PM   #17
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They havent moved, Just some boards and 1 digger - currently doing nothing, they dont want to admit they havent/cant start work.... hopefully they are thinking of something... other then just keeping the cash for ever and getting the nice interest of it.
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Old February 24th, 2009, 03:13 PM   #18
must7
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Quote:
Originally Posted by dbxdude View Post
They havent moved, Just some boards and 1 digger - currently doing nothing, they dont want to admit they havent/cant start work.... hopefully they are thinking of something... other then just keeping the cash for ever and getting the nice interest of it.
There should be a law that in case developer does not move on project for XX months than the project should be shelved & the investors to be returned their funds with interest as a minimum.
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Old March 8th, 2009, 11:26 AM   #19
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Is anyone anble to get some photos of the site to see whats been done so far? April marks 1 year since purchase. . .

I got the lawyers lined up for this one....
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Old March 28th, 2009, 04:44 PM   #20
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Quote:
Originally Posted by dbxdude View Post
Is anyone anble to get some photos of the site to see whats been done so far? April marks 1 year since purchase. . .

I got the lawyers lined up for this one....
Do be in touch musturgent at yahoo.com, as I am very much interested to put up a joint application !
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