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Liwan or remraam!!!!!!!!!!

Discussion in 'Dubai property' started by SAVIO, Aug 24, 2008.

  1. SAVIO

    SAVIO New Member

    Hi there!

    I have spent a lot of time in this forum reading the amazing comments left by all of you on the real estate scene in Dubai. Infact I think although invaluable it’s a lot of info for someone who finds it the first time! I have finally decided myself to get involved in real estate here and am looking for advice on my purchase.
    I am looking for a one or two bedroom apartment in Dubai. initially I was quite impressed by queue point at Liwan but judging by comments on construction updates have now been looking at Remraam.
    I have summed comments on the two and would like to decide on the better deal based on comments from members! please feel free to add your own!

    Queue point at Liwan:::::::::::::::::::::::::::::

    Advantages
    Available directly from developer off-plan
    Two bedroom at average 1 bedroom pricing
    Good location(old and new Dubai)
    Good developer

    Weakness

    Delayed construction
    Prices offered now comparatively higher than initially
    Limited banks financing

    Remraam::::::::::::::::::::::::::::::::::::::::::::::::::::::

    Advantages
    Developer seems to be on top of construction time table
    Good reactions from members
    Well known developer (HCC ,ETC)
    Transparent documentation
    Financed by many banks
    Located near the future of Dubai’s major developments

    Weakness
    Sold out! only available from secondary market
    Transfer fees, premium and other charges
    Only closer to new Dubai
    Higher cost per sq ft
     
  2. Wannaberich

    Wannaberich New Member

    Kuwait-based Al Mazaya Holding has broken ground on phase one of Queue Point in Al Liwan, a residentiAl project in Dubailand, and has awarded contracts worth Dh460 million for executing the phase.

    Khalid Esbaitah, Chief Executive of Al Mazaya Holding said: "The Queue Point project is progressing very well. Following the resounding success of the sales phase, we are proceeding with the construction of the project. We are confident that building of this project will be executed to the stringent standards we set in the planning of the project."

    The construction work for phase one has been awarded to three Dubai-based contractors Al Omran, Al Sarah and Al Ruwabi in order to expedite the construction of the phase one, which covers an area of 3.562.744 square feet. Al Omran has been awarded four of the first phase plots for development, Al Sarah five plots and Al Ruwabi the remaining five.

    The construction works on this phase includes 14 plots on which 1,031 residentiAl units are to be built. The entire Queue Point project comprises a totAl of 52 plots. The schedule includes completion of various works, in phases, from 2008 until the end of 2009.

    "We will launch the second and third phases of the project within the next two months. Construction will commence when we get all the permits," he said.

    Queue Point, located near Emirates Road at the Al Ain Road intersection, is a Dh2 billion project and will include a variety of multi-purpose buildings, both residentiAl and commerciAl, of between five and 15 storeys.

    Al Mazaya has launched projects worth Dh20bn in the GCC countries, of which over Dh10 billion has been invested in the Dubai reAl estate sector.

    The number
    Dh2bn: The value of Queue Point, which in coming up at Dubailand. It will include a variety of multi-purpose buildings, both commerciAl and residentiAl, of between five and 15 storeys.

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    Last edited by a moderator: Aug 24, 2008
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