[DAYFox]

No one ???

Originally Posted by DAYFox

Hi Guys,

i just came back from my Trip to Dubai. With regards to the WADI TOWER in City of Arabia I can update you with the following:

I went to Capricon Tower and spoke to the people over there personally:

1) What is the current (3.10.07) square feet price in CoA in Wadi Tower? Answer: 968 AED per sqfeet (25th floor)
2) Is construction right on schedule? Answer: NO! Anticpated completion Date is now June 2009 !!! This is a delay of 1Year and 3Month !!! I said: Sorry, I am definitely NOT happy with that progress and so I asked for compensation. The lady I spoked too was very reasonably and directly offered me an adjusted payment schedule. The point is that I have already paid 55% of the total amount and now there are only 45% to go. Actually there are even only 20% to go because the last 25% are due on Completion Date! Due to that I DO NOT WANT AN ADJUSTED PAYMENT PLAN, thats what I also told her. She was a little bit confused and that I should contact her again when I know what I want instead.. The point is also that if I would agree to the adjusted payment schedule I am no more longer entitled for other compensations. So i would rather claim for a free furniture package or something comparable... What would you recommend for me to do now???

Thank you very much for your help, maybe someone else is in the same situation..