City of Arabia

[jordandvdj]

Well, decided to stop worrying about things and hang on to Wadi Tower. Rented place for another year and will hope for some work to be going on then.

What you can get for what i paid for 2 bed is not worth it nowadays so i guess its fingers crossed.

Read an interview with the main man at Galadari and he was going on about the need for good quality and how happy he was with things. I will take him at his word for now and see how things go.

If you want the article, go to arabianbusiness.com and type city of arabia in the search. It is a few articles down. The main man is the older brother of the 2 brothers doing city of arabia, the chief of all things galadari.

[DAYFox]

Maybe you mean this article:

Brotherly love - Construction & Industry - ArabianBusiness.com

[bisto]

Originally Posted by DAYFox

Maybe you mean this article:

Brotherly love - Construction & Industry - ArabianBusiness.com

I met Ilyas Galadari yesterday, he again re-assured that city of arabia is going head, and all projects in dubai are being delayed. cancellation or sacrifycing the project quality, his answer is NO WAY. He claims that Galadri Group and the ruler of Dubai wants this project to be successfull, so I am going to waiting till Mar 2009 before taking any decisions. By that time I assume that more progress will take place

[jordandvdj]

quality matters.

If city oif arabia is done well then it will be great - the reason i put my money down.

A whole host of services and leisure - a true resort style home - what everybody wants.

If they build it like JBR then i will sell it quick as the maintenance will be horrifically expensive.

[Meztri]

I can't make my mind about CoA!

All the projects have been delayed from Dec 08 to sometime in 2010, correct? that is already a very bad start!

Has any genuine investor here, spoken to an independant lawyer or to any confirmed lawyer? in the UK? in UAE?
Has any of you paid into an Escrow account? held by which independant legal entity?
Do you have the RERA registration of these developpments? have you had any RERA reference? Is your project officially and administratively recognised?
Have you received any contract? signed by someone you can hold accountable? Saw any IDs? Got registration numbers? checked corporate & accounting files and public data of the companies involved? What law is applicable in case of conflict? UK's?
Most of the Towers' photos are unrealistic and can't be of real projects, some of them are funny though, do you agree?

George? Kevinthe dentist? are you still here? you seemed like genuine investors, what are your views?

[zhouguoyaogeorge]

Originally Posted by Meztri

I can't make my mind about CoA!

All the projects have been delayed from Dec 08 to sometime in 2010, correct? that is already a very bad start!

Has any genuine investor here, spoken to an independant lawyer or to any confirmed lawyer? in the UK? in UAE?
Has any of you paid into an Escrow account? held by which independant legal entity?
Do you have the RERA registration of these developpments? have you had any RERA reference? Is your project officially and administratively recognised?
Have you received any contract? signed by someone you can hold accountable? Saw any IDs? Got registration numbers? checked corporate & accounting files and public data of the companies involved? What law is applicable in case of conflict? UK's?
Most of the Towers' photos are unrealistic and can't be of real projects, some of them are funny though, do you agree?

George? Kevinthe dentist? are you still here? you seemed like genuine investors, what are your views?

Hi Meztri

PLS you can tell me which Towers' photos are unrealistic and can't be of real projects? you get some INFO?

in the 2002, i think you will be say the PALM also not real project,but now dream come true.
i live in dubai , investment dubai, trust dubai.

trust I&M Galadari group and some developer.the city of arabia have good future.

[zhouguoyaogeorge]

Forget the Pentagon - Dubai will soon boast its very own multi-sided landmark: The Octagon, which will be showcased to potential investors next week.The latest in a string of stunning buildings in the city, The Octagon is a 50-storey mixed-use development located within the prestigious City of Arabia, the spectacular $5bn retail, residential, commercial and entertainment destination lying at the gateway to Dubailand.

It is sure to arouse frenzied interest at Cityscape Dubai 2008, the largest business-to-business real estate investment and development event in the world held at Dubai International Exhibition Centre on 6-9 October.

Like the iconic Burj Al Arab or the towering Burj Dubai, The Octagon is being billed as a unique feat of Middle Eastern architecture in both its concept and design.

In addition to its attention-grabbing eight sides, it offers 32 levels of commercial and 18 levels of residential space, as well as studio and one-bedroom apartments ranging from 614 to 4,000 sq ft. A number of duplex penthouses are also included in this breathtaking building.

Central to the magnetic appeal of The Octagon is its superb location in City of Arabia, according to project owners, the Ilyas and Mustafa Galadari Group.

Ilyas Galadari, Chairman of the Ilyas and Mustafa Galadari Group, said:

'From your home or office in The Octagon, you are within walking distance of the vibrant waterfront shopping and entertainment district, Wadi Walk, comprising a wide array of stylish boutiques, cafes and restaurants, and from Mall of Arabia, the region's largest shopping destination with more than 1,400 diverse retail outlets.'



Visitors to the City of Arabia stand in Hall 3 of the Dubai International Exhibition Centre at Cityscape Dubai can find out more about The Octagon and further investment opportunities

The Octagon, part of City of Arabia, to be unveiled at Cityscape Dubai | I & M Galadari Group

[Henrico]

Originally Posted by Meztri

I can't make my mind about CoA!

All the projects have been delayed from Dec 08 to sometime in 2010, correct? that is already a very bad start!

Has any genuine investor here, spoken to an independant lawyer or to any confirmed lawyer? in the UK? in UAE?
Has any of you paid into an Escrow account? held by which independant legal entity?
Most of the Towers' photos are unrealistic and can't be of real projects, some of them are funny though, do you agree?

I was on the site thursday and at least 500 people working there. Could not get inside so difficult to see what tower they working on but counted 8 laoubor busses arriving with a shift.
Talked to one guy there and he said more people will start working after EID and later on 40.000 people expected to work on the site.

The delay is bad but its already included in the contract up to june 2010. After that date there is a penalty of 0.5% each month delay. So I dont think you can gain much from talking to a lawyer.

Better go to the cityshape show rooms in world trade towers on Oct. 6-8. Also COA will be presened with all the new towers that is very realistic.

See u there.

[John Alexander]

Originally Posted by zhouguoyaogeorge

Hi Meztri

PLS you can tell me which Towers' photos are unrealistic and can't be of real projects? you get some INFO?

in the 2002, i think you will be say the PALM also not real project,but now dream come true.
i live in dubai , investment dubai, trust dubai.

trust I&M Galadari group and some developer.the city of arabia have good future.

Hi George do you really live in Dubai? If you really do then as you have invested in Arabian Crowne why don't you go to MED'S office over there and find out what the exact situation is with construction? Also when is the next newsletter coming from them?

[Meztri]

Ok, i see so one can't gain much from talking to a lawyer?? right, better trust & invest as you say, and most importantly pay the developpers and their agents directly and as a rule always avoid and steer clear of Escrow accounts since they can damage the "trust".. and do not bother to check registration or RERA references, just keep paying and waiting (for x years). Now that I'm reassured by your advise, I will give it a rest and stop contributing to this genuine, honest and fair forum. Thanks for the promotional presentation of the "Pentagon", sounds like a neutral & benevolant description and spot on in the context of the ongoing discussion about the 2yrs delay in CoA.