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Industrial Zones Development Industrial projects in Jebel Ali including Dubai World Central, Dubai Industrial City, Dubai Investments Park, Jebel Ali Free Zone South and more



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Old May 8th, 2014, 07:07 AM   #41
Spurs
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How can the development be canceled and then active again? All seems very suspicious to me?
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Old June 2nd, 2014, 02:45 PM   #42
VR6
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Agreed. Can anyone local advise on this either by way of a visit to site or a discussion with the Aristocrat team? Thanks.
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Old June 9th, 2014, 03:49 PM   #43
yshimy
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I can see people confusing the projects.
This is the status report for the Palisades on rera website and it is CANCELLED !!!!
Project Status Detail

Land Number 13
Area 458
Project Number 342
Project Name THE PALESIDES
Project Location Dubai Investment Park First
Project Adoption Date 12/6/2007
Project Percentage 6.89
Real Estate Developer Name: PEARL PROPERTIES
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 490068159003
Bank Name: ABU DHABI COMMERCIAL BANK
Project Status Cancelled Investor Detail
Project Status Detail The project is register in RERA for off plan sales and the records indicate that the project has been canceled and transferred to the liquidation committee of the stalled projects in Dubai Courts
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Old June 9th, 2014, 09:11 PM   #44
shah100
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Please do not confuse people by writing wrong information Royal estate is active project and details is below. Compare yourself.


Project Status Detail


Land Number 3
Area 458
Project Number 945
Project Name THE ROYAL ESTATES PLOT.2
Project Location Dubai Investment Park First
Project Adoption Date 12/13/2007
Project Percentage 9.69
Real Estate Developer Name: ARISTOCRAT STAR REAL ESTATE DEVELOPMENT LLC
Master Developer Name: DUBAI INVESTMENT PARK DEVELOPMENT CO (LLC)
Trust Account Number: 4498001154
Bank Name: MASHREQ BANK PSC
Project Status ACTIVE Investor Detail
Project Status Detail The project is register in RERA for off plan sales and the records indicate that the project is under construction and was audited recently. To know the progress of construction works. Please visit the website of the Land Department (www.dubailand.gov.ae) then (e-services) and click (Project Status Tracking Service) to obtain a copy of the technical report of the project.
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Old July 20th, 2014, 08:17 PM   #45
Yaz
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Available for sale once more

Hi All,

I recall looking in to buying within this project back in the day. Luckily I didn't have the cash at that time!

Anyway, its been re-launched:

Heres an email I received from an agent:

"Dear Sir,
was a pleasure talking to you.Per our conversation please find attached the project details "Royal Estates" in DIP.

For more information or if you have questions about the project please feel free to call me.

--
Natalia Noni | Sales Consultant



M: +971 55 8607821
T: +971 4 3688900
F: +971 4 3688772
ORN: 11648
natalia@downtown.ae
www.downtown.ae

Live Downtown Real Estate Brokers
Office 2601, Regal Tower, Business Bay
P.O. Box 3839, Dubai, U.A.E."



New apartments styles and complete redesign I believe.

Heres some info from the brochure. Interesting point is thats its listed as LEASEHOLD, not FREEHOLD.

LEGALS - apartments/Duplex

Estimated Completion

End of 2016

Location

Dubai Investment Park

Title

Leasehold

Terms of Payment

RERA Approved Payment Plan

S. No. Payment On Payment Percentage Total Payment

1 On Booking 15% 15%

2 After 60 Days 15% 30%

3 Commencement of Work 5% 35%

4 Ground Floor 10% 45%

5 Pouring of 1st Floor Slab 5% 50%

6 Pouring of 4th Floor Slab 10% 60%

7 Pouring of 6th Floor Slab 5% 65%

8 Completion of Block Works 5% 70%

9 Completion of Plaster Works 5% 75%

10 Completion of Tile Works 5% 80%

11 Completion of Work 20% 100%

Price Range /Sqft

AED 950/Sqft – AED 990/Sqft

Apartment Size & Price Ranges

Studio 413 Sqft - 455 Sqft AED 409,000 - AED 450,000

1 Bed Apartment 804 Sqft AED 765,000

3 Beds Duplex 1,889 Sqft AED 1,796,000

Building Warranty

10 Year Build Warranty

Service Charges

Estimated AED 8-12/Sqft

Car Parking

1 Allocated Space Per Studio/Apartment/Duplex
__________________
UK Investor
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