Projects that never were
#91
The Anar tower..? Not heard of this before.
here
http://www.shoppingblog.com/pics/anartower.gif
Gotta love these novel ideas with wind turbines on buildings...Have they ever been able to deliver on what they promised? I mean..the amount of electricity generated by the WTC in Bahrain is a joke.
here
http://www.shoppingblog.com/pics/anartower.gif
Gotta love these novel ideas with wind turbines on buildings...Have they ever been able to deliver on what they promised? I mean..the amount of electricity generated by the WTC in Bahrain is a joke.
#92
How is Dubai Sports City going?
A friend who lives in Dubai bought a villa off-plan there in early 2006 to be his family home, scheduled to be available in 2007/8, and tried to persuade me to go 50:50 on another one as an investment (an opportunity I declined and he didn't go through with it on his own).
In late 2008, it was not finished but he claimed the unbuilt villa was now worth twice what he had paid for it and his biggest worry was that the developers would cancel the contract and give him his money back, so they could sell it to someone else for more.
He has been very cagey about the topic for the last couple of years. I know for a fact that he is not living in this villa and to the best of my knowledge it is not finished. However, I can't get a straight answer out of him... (he's a salesman - good at success stories, but not so good at communicating failure...)
So, does anyone know how it's going there?
A friend who lives in Dubai bought a villa off-plan there in early 2006 to be his family home, scheduled to be available in 2007/8, and tried to persuade me to go 50:50 on another one as an investment (an opportunity I declined and he didn't go through with it on his own).
In late 2008, it was not finished but he claimed the unbuilt villa was now worth twice what he had paid for it and his biggest worry was that the developers would cancel the contract and give him his money back, so they could sell it to someone else for more.
He has been very cagey about the topic for the last couple of years. I know for a fact that he is not living in this villa and to the best of my knowledge it is not finished. However, I can't get a straight answer out of him... (he's a salesman - good at success stories, but not so good at communicating failure...)
So, does anyone know how it's going there?
When the Race to Dubai was on, they tarted up the parts of the villas visible to the crowds/cameras.
He has pretty much written off his place, and of course there is almost zero chance of him having any success in the courts.
#93
Account Closed










Joined: Jul 2007
Posts: 7,028

It has recently been announced that over 500 villas are being built for Emirates Airline pilots at Maydan with money loaned from an Indian bank I believe. Better late than never.
#94
You read these things?






Joined: Jun 2010
Posts: 1,261











it was so nice before they tore it all up - really leafy and shaded... really lovely.
Same story really with the road beside JBR that's been massacred to make way for the tram. There used to be trees in the central reservation and then slip roads with guest parking to access JBR car parks - and it worked! But no, they ripped it all up and we've had 2 years of road works with no work being done. Saying that, they do appear to be doing something very slowly on the SZR side. I think we'll be long gone before they start figuring out how to get it over the bridge!
Same story really with the road beside JBR that's been massacred to make way for the tram. There used to be trees in the central reservation and then slip roads with guest parking to access JBR car parks - and it worked! But no, they ripped it all up and we've had 2 years of road works with no work being done. Saying that, they do appear to be doing something very slowly on the SZR side. I think we'll be long gone before they start figuring out how to get it over the bridge!
That said, the tram does look like it's getting somewhere finally. They're doing a lot of ground work and station prep down on Al Sufouh road from the Pearl Roundabout past the back of Media City and down to the tallest tower block part of the Marina.
Mind you, about the gym stuff...I think we all know the real reason they never went ahead...Salwan realised that they could still 'provide' gyms to the residents – albeit, they would be ones you'd have to pay for, and they'd pay Salwan rent. ****ing massive con.
Still, I bet Dubai Properties Group shit one when the municipality told everyone that the beach park was still around the corner after the drownings the other week. Bet DPG thought they'd managed to sweep that one under the carpet (or sand).
#95
Lost in BE Cyberspace










Joined: May 2008
Posts: 5,125











One of the most bizarre things i ever saw was back on 2006 when i went to a project meeting for Dubailand in their new offices off the Emirates Road.
In the Reception in a floor to ceiling cage was a Tiger...yes a ******* Tiger , just wandering around doing his thing.
No wonder Dubai went bankrupt so quickly....!
In the Reception in a floor to ceiling cage was a Tiger...yes a ******* Tiger , just wandering around doing his thing.
No wonder Dubai went bankrupt so quickly....!
#96
Lost in BE Cyberspace










Joined: May 2008
Posts: 5,125











I always wonder about someone called Pae on the EW site who was and did encourage loads and loads of people to buy apartments etc firstly in dubai, at the beginning when people did make some money and then when Abu Dhabi opened up she was "advising" people on properties down here, such as the lovely named Building Materials City etc. She disappeared completely from view now though.
#97
Your memory is flawed. You were named Eeyore as you insisted that nearly everyone in Dubai was in debt and struggling financially when it was not the case. And still isn't.
#98
I always wonder about someone called Pae on the EW site who was and did encourage loads and loads of people to buy apartments etc firstly in dubai, at the beginning when people did make some money and then when Abu Dhabi opened up she was "advising" people on properties down here, such as the lovely named Building Materials City etc. She disappeared completely from view now though.
#100
Soupy twist







Joined: Dec 2004
Posts: 2,271












Rent loans were very big business for the banks back then, probably less so now thanks to the rent price collapse and the emergence of 12 cheques in some areas. IndieGirl confirmed that she regularly saw expats earning 70-80k per month coming in to take rent loans, and when someone who works for a bank says this, I tend to believe them...
Originally Posted by Blue Cat
featherbed packages ....
Perfectly true, though.Be honest BC, you'd been suckered in a bit by the Dubai myth. In a thread around that time you complained that most of the people you knew seemed to be doing better than you because they had nicer villas and cars and took more and better holidays than you, and then you didn't want to believe it when it was suggested that they could only afford it because they were paying on credit, even when IndieGirl again confirmed how prevalent it was for expats to be funding their fantasy lifestyle via fairly serious debt.
BTW Meow, just so we're on the same page here - "prevalent" does not mean "everybody", OK?

You were also unconvinced that any significant number of expats had to take loans to pay their rent. I guess that was because you mostly mixed with people who worked in the kind of "traditional" expat industries (oil, gas, aviation etc) where feather-bed packages were still largely the norm.
Many of the "New Dubai" industries (media, IT etc) didn't and still don't pay rent, school fees and the rest. Even at the height of the rental insanity, I could only have got a salary advance of a maximum of 60k from my company, split over 4 cheques - not really much use when a 2-bed apartment in Discovery Gardens was going for 160k in one cheque! On the plus side, of course, it was the companies that offered the feather-bed packages that were most likely to swing the axe hardest because their staff cost the most; my company didn't have to make any redundancies and it increased salaries and paid some hefty bonuses in 2009-10, so when you factor in the rental collapse as well we did very nicely out of the meltdown here.
Last edited by Eeyore; Mar 26th 2011 at 2:39 am.
#101
What gender are fairies?
Honestly, who cares what packages other people are on? I couldn't give a toss if my neighbour is up to his nuts in cash or credit.
Honestly, who cares what packages other people are on? I couldn't give a toss if my neighbour is up to his nuts in cash or credit.
#102
Eeyore, fair enough some people may have been living their lives on credit, I think it's safe to say that are the ones that have probably left the Country. I still feel the same about others around us doing better than we are but that is down to one thing, my husbands salary is not as high as theirs. We have a good over all package and I am not complaining at all, but it doesn't afford us a month in Thailand or America every year. Infact our annual holiday will be 2 nights at JBH this year due to the fact we are moving villa's and need every penny for that.
#103
I agree with you but it was quite a thing for discussion on here a few years ago. Eeyore has some valid points but his main gripe is that he doesn't get his rent paid.
#104
Soupy twist







Joined: Dec 2004
Posts: 2,271











I still feel the same about others around us doing better than we are but that is down to one thing, my husbands salary is not as high as theirs
Just like nobody ever lost money on property in Dubai, they only ever made a fortune 
Eeyore has some valid points but his main gripe is that he doesn't get his rent paid
#105
banned










Joined: Oct 2008
Posts: 7,614











ahhh featherbed packages...love em.



