Ras Al-Khaimah - Pacific

[milktrayman]

Originally Posted by Mahon

Guys, does anyone have any updates on when the ACTUAL construction will start?

Hope this helps , ha dthis today :

Further to the letter sent out to you on 17th January 2009, we also wanted to confirm details of Pacific’s progress via email.

The initial progress of the works in the Pacific project has been impeded by a number of constraints and our subsequent efforts to improve the functionality of the overall design concept. We are pleased to be able confirm the details below and to report that the building contractor is now on site with a clear programme for proceeding with construction, which we hope will be welcome news for all property purchasers who have been monitoring progress with interest.

Since launching the development in spring/summer 2008, the appointments of the project consultants progressed in accordance with our original schedule. Specifically, the initial works were designed taking into consideration a 5 meter setback from the plot limit facing the sea in accordance with the Design Control Regulations (DCR) issued by the Master Developer, Rakeen. The concept design was approved by Rakeen on that basis, however the compliant shoring design submitted to them for final approval was recently rejected. We were informed that the 5 meter setback was to be amended to 17 meters from the plot limit due to the existence of a rock fill protection in the vicinity of the crest wall which had previously not been communicated to us by the Master Developer. This setback impacted our designs in a number of ways; piling through rock was not feasible, and the basements (and subsequently the available parking) would have been drastically reduced.

The planned works have therefore had to be redesigned with unforeseen time and cost consequences. Our design team and management team addressed the setback constraint with Rakeen as a priority. This matter has now thankfully been resolved and the redesign is complete, with the necessary concepts and approvals in place.

We have been working hard during the most recent period to calculate what impact, if any, these unforeseen but necessary changes would have to our plans, conscious of the need to communicate the outcome to all unit purchasers as soon as this information was clear. By our assessment this would have resulted in progress being delayed by a few months, however we re-appointed a building contractor on 24 December 2008 with a revised programme for completion as follows:

Excavation up to piling platform (currently approximately 25% complete) should finish in the next month;
Piling is due to commence in February 2009 and should complete in May 2009;
Substructure works (pile caps, ground beams, slabs) should commence in April 2009;
Work on the superstructure is due to start in August 2009 and finish around June 2010;
Work on internal finishes should start in January 2010 and be completed by June 2011.

Although we had previously announced that the main construction works would be completed under a contract that had been awarded to local contractor CTC, following the re-submission of the design proposal the main contract to construct Pacific has now been awarded to Dubai Civil Engineering (DCE). DCE has over 20 years experience and are a leading contracting company in the United Arab Emirates with over 7000 employees.

As a consequence of the improved design elements therefore, and with the appointment of a new contractor with a revised programme of works, the overall timescale for delivering Pacific has not been adversely affected. We will continue to keep you updated of construction progress as always.

Kind Regards

[anil]

I don't expect it will be the first change or delay we will see.

At the moment, I am happy if they simply stay in business and complete the development.

Anyone know if there have been any re-sales completed?

[asif sharif]

Originally Posted by benho

guys,

I am looking at the Pacific development, what's the AED/sqft when you buy?

The latest is around 1400 per sqft, and is it too late to jumb on the boat now?

I have an studio apartment in Pacific (6th Floor in Bora Bora). I am selling for below 1200 Dhiram/sqft if you are interested.

[asif sharif]

A letter is being drafted to send to select by investors on Skyscraper forum. We have had a good response. Please visit and put your name to this.

[koss]

Investors there are anumber of investors who are drafting a letter to SP. We currenlty have 38 members and require more to have a suitbale effect on this letter. The letter will be finalised in the next few days!!!
Can I ask you to join the following google groups and provide your name and unit number/unit type?

please sign up for the following google groups :

http://groups.google.co.uk/group/pac...bscribe?note=1

pacific-owners @ googlegroups.com


or you can PM me your details

[asif08]

Hi,

I have a studio in Bora Bora 3rd floor which i want to sell.. Any ideas how i can go about this as Select will not take care of resales for me.

Thanks

Asif

[ian g]

hi Asif, what route did you end up taking to try and resell your apartment?