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Abudubai has given you the best advice very concisely. Dont dare enter into such an agreement. You will pretty much be signing all your money away. I am currently in a battle with GPD investment as well and the tricks these guys try to play, it is unreal.

Yeah you are right rates are still over AED1000 PSF, I guess all sellers are sticking to their guns except if any is a distressed seller and looking to bail with as much recoup as possible.

You might want to consider the Torch. I think bayut.com have some available, I dont work for or know them by the way. Just that I am thinking of buying into the torch as well. It is just about to be completed and expected to opening in September, the prices are from 850AED/sqft. Prime...

Anybody knows anything about this developement. It is completing in September 2010 and I was wondering if there are any buyers on here or anyone know first hand the going rate in this developement giving the price crash of the last two years. Looking for a bargain basically

GPD have been doing some work out in IC3 however it is very very slow and also I havent seen any construction updates since April. I went to their office in Dubai last week to pay my Oqood fees in cash simply because I am not willing to take the chance of them saying my contract is null & void...

ebrahim, I have bought an apartment in IC3 and I currently live in Dubai. I went out to the site two weeks ago and I shot a 10 minute video of the IC3 project but unfortunately i cant put it up here as it is too big to attach. The video is about 110 MB, if anyone knows how I can format it to a...

Can you elaborate??? Why are thye sezing the projects? I am sure it is not just for the fun of it :-)

Hi Guys, I am in with you at Intl City P3. My purchase is at Cambridge Residence E32. Just like you guys I got the Oqood registration fee (AED1350) request two weeks ago. Luckily I as in the UK and promptly got on the phone to GPD director to ask him what the score is. I did pose to...

Laguna33p, what do you consider as recently. I know what you mean that the place looks empty but in terms of construction, I was out there about 4 weeks ago and I saw GPD contractos on site working, they are still putting columns and foundations in place so unless you know the exact location of...

g4set, there is penalty for not completing on time, this is in the PSA. However, the penalty give the developer GPD a period of 12months beyond the anticipated completion date before liquidated damages of 6% (I think, check your PSA) can be applied. So if you are down for 30.06.2010, you can't...

g4set, I was at GPDs dubai office today to see Lorraine Luck and find out about what is happening to units such as Park Lane and Cambridge, which have not been started. She basically said they are carrying on with the construction and expect all units to be delivered before the permissible 12...

g4set & ash42 I am in the same boat as you guys, well not completely, I am on Cambridge B32 which is due for completion Dec2010 I was out on the site last week taking pictures and they are out there working on the other plots but nothing on cambridge and Oxford just yet. I guess we will (I...

Jasmine, my bad................my keyboard plays up at times. I was try to type "I cant really help you there". Goes to show how the ommission of one letter can totally transform the meaning of a sentence. As for areas, Dubai Marina side is very nice, personally I am not a fan of the JLT...

Hi Jasmine, Well you might want to remove on of your conditions if you want to find something quickly, i.e The no construction site from windows. I live in Dubai Marina, one of the Marina Diamond apartments and you can see construction from alsmost every single one of them if not building...

Hi g4set, I received the same e-mail and Lorraine did in fact say they were gonna be sending this monthly updates out from may. I havent been back to the site to go and see for myself though. Might be another 3 weeks before I can go out there as I am going to be in the UK for about 10 days frm...

More updates, I spoke to Lorraine at the Dubai Customer Office today and she told me that the construction team is actually due to move in to start work this week and that my visit to the site a couple of weeks ago was too early, which is why I didnt see anything out there. She said if I wait...

Well I went out to IC 2 & 3 today and it is not good news.....this project (as a whole) is miles away from completion and habitable as you will see from the pictures. There is no way in the world this will be delivered for 2010 just no way. I dont think anyone would want to live here until...

G4set, I spoke to GDP on Friday and I was assured that their project is going ahead as planned and each building will be completed asper you PSA. I spoke directly to their manager in the UK office and he was very sure that the project is going to be completed as planned. That is all I have...

g4set? why is your apartment gonna take another 101 years to complete? hehehe

I have recently moved to Dubai, in fact just a week old in Dubai and I am currently looking for a place to rent and can honestly tell you that your budget will only get you a studio not a 1 BR.