#PROJECT-Ras Al Khaimah: YASMIN VILLAGE - SkyscraperCity
 

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Old November 13th, 2006, 01:02 AM   #1
Nasrawi
 
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#PROJECT-Ras Al Khaimah: YASMIN VILLAGE

Al Khaleej

"Yasmin Village", a mixed residential/commercial project was announced in RAK yesterday.

It's environmentally-oriented. Solar power will be used, rainwater collected, and special battery-powered vehicles will be available within the complex.

It's located 20 mins from the beach, 5 mins from the golf club and 15 mins from the airport and has views of the mountains.

Last edited by Nasrawi; November 15th, 2006 at 10:58 PM. Reason: changed Jasmine to Yasmin
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Old November 14th, 2006, 08:20 AM   #2
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http://www.yasminvillage.com/

Yasmin Village is a unique lifestyle
community located at the heart of
Ras Al-Khaimah. Envisioned to be a home
for the few who share a love for luxury and
nature, it features quaint Mediterranean styled
villas and apartments, a commercial high-rise
tower and a community club complete with
a host of lifestyle amenities amid speccacular
views, lush greenery and a tranquil lake.
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Old November 15th, 2006, 10:56 PM   #3
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Yasmin Village will be located at an easy distance from the city.

RAK's Yasmin Village unveiled

Dubai: Yasmin Village, a landmark for Ras Al Khaimah, was announced yesterday at a press conference.

Yasmin Village is a rural residential and commercial project, with a mountain view located in Ras Al Khaimah. Away from city life but minutes away from the town's amenities with plenty of open space, the project offers an ideal setting that comprises villas, apartments, and office space and community buildings in one location.

Shaikh Tariq Al Qasimi, Director of Yasmin Village, said at the press conference: "We are delighted to announce the project. We want to offer something different in real estate - a peaceful sanctuary for families to live in but still enjoy modern day luxuries. We believe that Yasmin Village offers this and more."

Yasmin Village proposes several unique plans; most significantly, a water conservation project involving rain water harvesting, as well as its own chemical-free sewage treatment plant that uses the latest biotechnology. Yasmin Village also plans to use solar energy for lighting throughout the development and will use battery operated vehicles for a shuttle service for residents.

"The project offers a range of residential accommodation and focuses on community life. Set in a prime location 20 minutes from the beach, five minutes from the golf course and 15 minutes from the airport, we believe that the project offers luxury living in peaceful surroundings at an affordable price," he added.

Asteco, the UAE's leading independent property consultancy, is marketing the project. Elaine Jones, CEO, Asteco, said: "The property market in the UAE is expanding to address the need for more affordable accommodation that is positioned away from the city. Yasmin Village addresses these needs and is an excellent opportunity for families and investors alike to purchase a home in an ideal location."

Yasmin Village also boasts a ring road that encircles the entire development, thus moving traffic outside the development, further encouraging a peaceful community.
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Old November 15th, 2006, 10:58 PM   #4
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I edited the thread title, but not sure if it's showing.
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Old November 25th, 2006, 05:09 AM   #5
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does anyone knwo who the contractor is?? guess its a pretty big contract
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Old December 19th, 2006, 12:35 AM   #6
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The developer is Bina Real Estate (Union Group) and asteco is doing the marketing for Yasmine Village.

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Old November 22nd, 2010, 05:24 PM   #7
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Old December 20th, 2010, 10:53 PM   #8
Vladimir4694447
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Apartment sale, Yasmin Village, Ras Al-Khaimah of Emirate.

Apartment sale, Yasmin Village, Ras Al-Khaimah of Emirate.
The area apatment 94 kv.m (1011,4 kv.futa), 1 floor, is surrounded by furniture.
Contributed 135 000 $ USA, or 55 % contract. Usage on february 28, 2011 year.
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Last edited by Vladimir4694447; January 10th, 2011 at 02:50 PM.
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Old September 20th, 2011, 11:04 AM   #9
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a very bad time

do not invest with them. i wish that i had never heard of them , let alone given them my hard earned money. bought an overpriced invest, delivered three years late (actually its still not been handed over yet) and despite all of their wealth builder plans & promisses they now tell me that the rental returns are not as they had hoped, and they are now trying to scare us into signing up for somthing, that is not at all beneficial to me.its kind of funny, if you phone them regarding any of ther projects, they will tell you that ther doing great and you better get a wiggle on or you will miss out and they tell tales of great returns via rentals.then like me when you talk to them about rentals or possible resale they tell you, good luck trying to sell or rent anything at the moment because nothing is moving, and they are right as i have checked out many est agents in the area, and nothing much is selling unless you want to sell at a loss. they do however continue to falsley advertise the high return rates etc on ther web site, and still send out to existing and potential customers ther rates that they know not to be true. i am in the process of now taking legal action against them.my journey with them has been one of dissapointment and being let down time after time, stressfull and to date the worst investment i have ever made, actually its the only epic disaster i have been involved with. this is why i am sharing this with whoever wants to take heed from it. the odd thing is no matter how hard i look on forums i cannot find any body saying anything about them good or bad, so if you know of any such discussions please let me know.
regarding the returns, i cannot quite believe what they have told me today, it hurt big time. they are saying the expected rental is now going to be in the region of 20 to 30 thousand aed a year, thats right folks a year 3 to 5 thousand sterling. they are expecting final payment. its not going to happen, the stark reality is it is no deal, this means i am going to be in dis pute with them and i now realise that i have lost my investment pretty much as i am sure that if i do not make the final payment they will probably seize it or somthing in ther favour. but it is already not worth what i paid for it, and 5k a year rental? it will take me about 60 years just to break even. if anyone is interested in contacting me then do so i can forward copies of correspondance to you. i think it is to late for anyone who has purchased in yasmin now we are all in the same situation?
i am looking for someone who has property in phase 1 yasmin, being rented out by tfg wealth builder plan. i need to talk confidentially.send me a private message.

 
Last edited by maximus1; Today at 03:22 PM.

Last edited by maximus1; September 23rd, 2011 at 04:20 PM.
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Old September 25th, 2011, 11:08 AM   #10
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a letter to tfg. danny lubert director & david lewis

this is a copy of a email i have just sent out to tfg to see if they want to answer any of the questions, they havent to date.

to danny lubert director of tfg and david lewis an empolyee, dated

25/9/2011

this is a copy of a email i have just sent to david lewis but it is also for you to repond to or not. i have another letter for you that shall follow shortly.
why can you not answer the following questions despite asking you on numerous times now. it shows that you tfg do not want to put anything in writing, and waisting more time, that we need.
1, when did tfg know that rental returns were nose diving?
2,why didnt tfg notify its clients that rentals were crashing?
if you had of done at least we would have had longer to try andsell our units. as it is finding out at handover leaves us only 2.5 months in a very bad market.
3, why do you continue to advertise yasmin rak on your web site as a great place to invest etc etc. its outright fraud. but good for my legal case.

you advertise the right place, the right time, the right price in my experience it has been the wrong place,time and price!
4.why did you tell me that the wealth builder was still in place and good, when you were adviseing us to go in ther , transfering from white bay?
5, i have advised you and will be advising the directors of our intention not to be making any further payments to tfg, ie final 20%. as we are taking legal action against tfg
.i have asked you what the concequences of this will be, ie penalties etc all of the details? you have failed to respond on this also.
6, what have the annual maintenance fees been in phase 1?
7, what are and have been the annual rental fees in phase 1?
8, do you intend to finish the development? and in what time frame?
9, have you tfg notified people in phase 3 of the wealth builders demise ie poor rentals?
10, why has your asset management team not reponded to our request to put whatever it is they are saying in writing? they have not even sent email through, ther is no communication from tfg at all either, hence this letter again?
11, how quickly did the rental market change in rak? over how many years or was it days?
12, what does tfg think will happen to both the rental market and property prices in rak in the next three years?

to all online readers who are following this, thanks for the feed back and comments so far. a copy of this email was alse forwarded to one of tfg directors danny lubert at the same time so lets see if they respond at all?
i shall post all responses on line for you to see.
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Old September 26th, 2011, 12:43 PM   #11
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the first group, WE ARE NOT THREATENING YOU BUT?

well i have just had a phone call this morning from david lewis tfg.
i asked if tfg has or should have notified any of its clients that rentals were terrible and not as they had said.
david lewis replies, wether we should have communicated that things were bad, NO not from our companys stand point.
my question to him, have you ever as a company sent out email re poor performance to clients.
david lewis, reply NO. BECAUSE THE ONLY PROPERTY THAT WE HAVE COMPLETED ON IS THE DIAMOND, its fully sold out but rents and owners are dissapointed at returns they are getting?
things were said between us and went on a bit.
david lewis, says to me so you have spoken to a couple of investors?
me, yes i am posting my acccount online, as if i can save one person from going down the road i have gone down, its worth it.
DAVID LEWIS says, im not trying to threaten you in any way at all max, but we do know , and have ways of finding out whats going on line, and if we do not feel comfortable with whats being said we will take action to protect our corporate image.
im not try to threaten you but if we see somything we are not happy with we will have to take action.
me to him,
all i have ever said on line is the truth and i can prove it, and if we do end up in court ill only ever tell the truth and somone will listen to me.

we then went on a bit more, basically david lewis was saying that nothing could be done by tfg, and i went on to say ok put everything that we have discussed in writing as i shall be pursuing a legal route.
i shall try and work out a way of putting this telephone conversation on line so that all can hear.
if they do threaten me i shall let you all know what they say.
ill keep on posting
a copy of this is going to be forwarded to daany lubert one of the first groups directors
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Old October 14th, 2011, 03:51 PM   #12
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jesus, sounds horrendous. Today I have received my handover documents for YV/8/008 in Yasmin village. They want 43,000.00 aed up front for connection fees and community charges as part of the wealth management agreement. I have no idea which direction to take next as the rental returns seem so low?
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Old June 20th, 2012, 05:32 PM   #13
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New Yasmin Village FORUM

Hi all, for all Landlords and Tenants from Yasmin Village in RAK, UAE that are interested. I have started a new YASMIN VILLAGE Community FORUM. Please visit the following link. You will have to register to write any post.
Let’s start making this FORUM a good feedback forum for all interested. And to make Yasmin a better place to live.
http://yasmin-village.forumatic.com/index.php

Regards

Last edited by trust340; June 23rd, 2012 at 09:48 AM.
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Old August 23rd, 2012, 09:30 PM   #14
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hello
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Old August 24th, 2012, 07:28 PM   #15
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Yasmin Village Contract

If anyone is interested in knowing how your contract might be cancelled with a full refund due please post with your email address.
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Old August 25th, 2012, 07:24 PM   #16
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Hi, could you please advice us (pacific development investors) how are you going to proceed?
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Old August 27th, 2012, 10:53 PM   #17
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Where can I reach you?
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Old November 12th, 2012, 07:20 PM   #18
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Movement on the lake . . . . (today)

[IMG]http://i50.************/rwky6q.jpg[/IMG]

[IMG]http://i50.************/dxo181.jpg[/IMG]

[IMG]http://i48.************/10ymhkk.jpg[/IMG]
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Old November 28th, 2012, 09:43 AM   #19
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Yasmin 1

Hi Yasmin 1 can you let me know your email and background surrounding Yasmin Village. I have purchased a two bedroom apartment and still waiting completion after a number of years wit no compensation.
I have enquired into taking TFG to court, however it would be easier and cheaper to carry it out in a group.

I have also heard that TFG have considered a cheap buyout!!!

If you can post your email or let me know how to contact you by phone or otherwise I will do.
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Old January 10th, 2013, 04:27 PM   #20
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Contract Cancellation

Investors: see article 14 in your contract. since the developer has missed the completion date by at least 1 year due to force majuere you can terminate the agreement. TFG does not dispute that the developer is in default but they refuse to honor the terms of the contract. They will allow you to terminate but will not refund any money. I am taking them to court and have retained a Dubai law firm. I will not pay them a dime as they are impossible to deal with. These investments are not worth anything close to what you paid. They may sit empty with high water and electricity connection charges assessed and ongoing maintenance.
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