Many empty skeletons or holes in the ground in Dubai - wouldn't pay a dime for any of them - do not buy "off plan". People paid up front - waiting 4 - 6 years already and still nothing - total sham - no recourse for investors.
UAE developers warned to negotiate 'or face defaults'
by Ed Attwood on Tuesday, 16 February 2010
source: www.
arabianbusiness.com/index.php?option=com_content&view=article&Itemid=1&id=581637&cmtn=38469&receipientid=38314#comment-91075
Ajman is a disasterl - unfinished or unstarted projects - check the thread on GSS and Openshore - 5th Avenue Investors and many more. No infrastructure in place - no protection for investors - no recourse.
Investor confidence in "Off Plan" has diminished and it will take a long time before it will recover or maybe never.
Projects are on hold - just a few of many in one area alone - many more elsewhere...Dubailand - City of Arabia etc.
An Irish group involved in the first three and a few more including Profile residence etc - source: concerneddubaisportscityinvestors.com/ - many articles on this on the site and just google for more. Would not touch an "off plan" development!!
Stadium Point
Project Overview
Project No: PRJAE0726444
Project Type :
Commercial / Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-133
Area : Dubai Sports City (DSC)
Created On : January 03, 2008
Last Updated : January 11, 2010
Eagle Heights
Project Overview
Project No: PRJAE0617531
Project Type : Residential ( Multi-Storey (Under 15) )
Progress : On Hold
Plot Number : R8-3 Area : Dubai Sports City (DSC) Dubailand
Created On: November 30, 2006
Last Updated: January 11, 2010
Bermuda Views
Project Overview
Project No. : PRJAE0617140
Project Type : Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-1368
Area : Dubai Sports City (DSC) Dubailand
Created On : November 12, 2007
Last Updated : January 10, 2010
Gateway Towers
Project Overview
Project No. : PRJAE0832351
Project Type: Commercial ( Multi-Storey (Over 15) )
Progress : On Hold
Area : Dubai Sports City (DSC)
Created On : April 30, 2008
Last Updated : January 26, 2010
Rescom Tower
Project Overview
Project No. : PRJAE0831252
Project Type : Commercial / Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-116
Area : Dubai Sports City (DSC)
Created On : April 21, 2008
Last Updated : January 11, 2010
Commercial/Residential Building, G+11 at Plot No. 682-757 - Dubai Sports City (DSC)
Project Overview Project No. : PRJAE0831774
Project Type :
Commercial / Residential ( Multi-Storey (Under 15) )
Progress : On Hold
Plot Number : 682-757
Area : Dubai Sports City (DSC)
Created On : April 22, 2008
Last Updated : January 11, 2010
Giovanni Boutique Suites
Project Overview
Project No. : PRJAE0832216
Project Type : Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : R9-11 (682-1369)
Area : Dubai Sports City (DSC)
Created On :
April 29, 2008
Last Updated : January 11, 2010
Sama World Tower
Project Overview
Project No: PRJAE0835164
Project Type : Commercial / Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-110
Area : Dubai Sports City (DSC)
Created On : June 05, 2008
Last Updated : January 11, 2010
Dunes Residence
Project Overview
Project No. : PRJAE0614509
Project Type : Leisure & Recreation ( Golf Course )
Progress : On Hold
Plot Number : 682-758 (R8-2)
Area : Dubai Sports City
Created On : March 02, 2006
Last Updated : January 10, 2010
Stadium S4 (Outdoor Multipurpose Stadium)
Project Overview
Project No. : PRJAE0835166
Project Type : Leisure & Recreation ( Stadium )
Progress : On Hold
Plot Number : 682-1417
Area : Dubai Sports City (DSC)
Created On :
June 08, 2008
Last Updated : January 10, 2010
Canal Residence West - Phase 2
Project Overview
Project No. : PRJAE0615620
Project Type : Commercial / Residential ( Complex )
Progress : On Hold
Plot Number : R8-13 (682-1403)
Area : Dubai Sports City (DSC)
Created On : June 15, 2006
Last Updated : January 10, 2010
Elettra Residence
Project Overview
Project No. : PRJAE0837798
Project Type : Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : R3A-20
Area : Dubai Sports City (DSC)
Created On : August 05, 2008
Last Updated : January 10, 2010
Rufi Rose Gardens
Project Overview
Project No. : PRJAE0835174
Project Type :
Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : R4-2 (682-264)
Area : Dubai Sports City (DSC)
Created On : June 05, 2008
Last Updated : January 10, 2010
Orbit Tower
Project Overview
Project No. : PRJAE0841405
Project Type : Commercial / Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-119 (RB-7)
Area : Dubai Sports City (DSC)
Created On :
December 04, 2008
Last Updated :
January 10, 2010
Arena Mall
Project Overview
BNC Project No : PRJAE0722168
Project Type :
Commercial ( Shopping Mall )
Progress : On Hold
Plot Number : 682-1471
Area : Dubai Sports City
Created On : June 06, 2007
Last Updated : January 10, 2010
Profile Residence
Project Overview
Project No. : PRJAE0617151
Project Type : Residential ( Multi-Storey (Under 15) )
Progress : On Hold
Plot Number : 682-273
Area : Dubai Sports City (DSC)
November 08, 2007
Last Updated :
January 07, 2010
German Sports Tower I
Project Overview
Project No. : PRJAE0719181
Project Type : Residential ( Housing Complex )
Progress : On Hold :
682-1293 (R5-20)
Area : Dubai Sports City (DSC)
Created On : February 24, 2007
Last Updated : January 07, 2010
Crown Avenue
Project Overview
Project No. : PRJAE0725726
Project Type : Residential ( Multi-Storey (Over 15) )
Progress : On Hold
Plot Number : 682-1305
Area : Dubai Sports City (DSC)
Created On : December 04, 2007
Last Updated : January 06, 2010
