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La Residence 2 at the Lotus busenis bay

Discussion in 'Dubai property' started by rahaly, Apr 12, 2008.

  1. rahaly

    rahaly New Member

    please if any one know about this project where it reached ??

    The deloveper is Damac

    Any new pls ??

  2. sammy1003

    sammy1003 New Member

    I contacted Damac's office to get a unit there, and they had nothing available. Nothing I found on the resale market either.
  3. Fanny

    Fanny New Member

    La Residence 1 and 2 are both on hold. Development won't even start until 2010, so could be 2013/14 before anything is finished.
  4. Fanny

    Fanny New Member

    See also "Damac Lotus La Res 2 + Two Year Delay" thread below on this site by author davidbht
  5. rahaly

    rahaly New Member

  6. Rammah

    Rammah Member

    Hi Fanny,

    How did you get this answer? Please confirm to me ASAP as I was going about to check with the right people, but if you have made your research accurately, and that's the answer you've been given, then there is no need for me to go through the hassle.

  7. Fanny

    Fanny New Member

    Hello Rammah.

    I'd purchased an outlet in La Residence 1, via DAMAC, off plan in Feb 07.

    Was contacted by them in Nov 07 saying that there was a 24 month delay as they basically hadn't got the land they were hoping to construct La Residence 1, on.

    I was given until Dec 1st 07 to decide what I wished to do.

    Assuming everything goes to plan, they could start in January 2010. A sixty storey building could easily take 2 years to complete but with the usual over-run of at least a year. I don't see it being habitable to January 2013 at the very earliest but add another year for good measure takes it to January 2014. Not bad for a contract that was signed in Feb 2007!!!!
  8. Rammah

    Rammah Member

    I see. Good logic assuming Lotus 2 and Residence 1 had the same land issue.
  9. darren dcruze

    darren dcruze New Member

    hello fanny
    im in the same boat as a lot of you people
    has anyone gone legal against the developer
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