[Ymoustafa]

Anyupdate

Will they complete resdential units
:bleep:

 

[podium]

I had a look yesterday and I didn't see any activity. Worse than that , the units that are pretty much complete are falling into disrepair with cladding and tiling falling away. There are no current indications that this development is progressing.

 

[makka123]

https://www.tapatalk.com/groups/dubailagoon/dubai-lagoon-lost-thread-revival-here-t5-s1500.html

Please have a good read.

 

[makka123]

https://youtu.be/D7mHrZE1184

 

[podium]

Brilliant!

Fully twelve years after the launch of this project, the only thing moving is a drone!

Schon have failed miserably to do anything other than make a mess!

Its astonishing that they have got away with such a sham!

 

[isicman]

Schon Properties investors optimistic after DLD seizure of developer's assets

Investors in the UAE and around the world are praising the Dubai Land Department’s decision to seize assets belonging to developer Schon Properties, with many expressing hope that they will receive refunds of money invested into projects that never materialised.

undreds of people – both UAE residents and individuals living abroad – made partial payments of in the AED 7 billion ($1.9 billion) Dubai Lagoon project, which was launched in 2005 and slated for completion in 2008

https://www.arabianbusiness.com/pro...mistic-after-dld-seizure-of-developers-assets

 

[ostendadler]

Drove by it this morning - No activity whatsoever !

 

[podium]

Did you read the post above?

The project is cancelled and the developers assets have been seized by the authorities.

Why would there be any activity?

 

[Globetrotter247]

Apparently Lotus is going ahead...

https://lookup.ae/news/12329/schon-properties-signs-agreement-to-complete-dubai-lagoon-lotus-project