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Warsan Estate from EMAAR on HOLD

Discussion in 'Dubai property' started by andoni30, Feb 9, 2009.

  1. andoni30

    andoni30 New Member

    Hi !

    I am owner of one home in Warsan Estate project from Emaar, and as shown in the sticky post, the project is on HOLD.

    What this means ? I have to continue paying ? I have to pay in next days second installment.

    If not pay and project cancelled, I lost my rights ? and If I pay, what possibilities we have to recover our money ?

    Other warsan investors in this forum ? please post your experiences.

    thanks.
     
  2. financier888

    financier888 New Member

    Better contact Emaar. In the paper - it just stated it was on 'hold' - I am sure they will suspend payments because if the project was cancelled, they'd have to refund your money... I would hold off on any future payments and contact them directly. I don't think the newspapers would print it unless it was from a direct source as it also included cancelled projects. Contact them...
     
  3. sasherwani2

    sasherwani2 New Member

    The newspaper I had didnt mention Warsan as one of the "Projects on Hold". Does anyone have a copy of that newspaper or a weblink? As far as I know Emaar wants to make sure all investors have defaulted before they announce the cancellation of Warsan.
     
  4. financier888

    financier888 New Member

    Khaleej Times Tuesday Feb 5th Page 28 - Warsan Estate listed - Emaar 'On Hold'
     
  5. sally_hsu

    sally_hsu New Member

    could you please post the article in this thread?
    many thanks
    and what about Maysan project, is it on hold too?
     
  6. financier888

    financier888 New Member

    Khaleej TImes Feb 3rd - More Projects on hold

    Khaleej TImes  Feb 3.jpg

    From the Khaleej Times Feb 3rd - the other list of projects on hold
     
  7. sally_hsu

    sally_hsu New Member

    financier888, many thanks!
     
  8. financier888

    financier888 New Member

    Projects delayed Developer
    Jumeriah Gardens City Meraas
    Gardens Dubai Properties
    Nakheel Harbour & Tower Nakheel
    Mudon Development Dubai Properties
    Culture Village Dubai Properties
    Palm Deira Nakheel
    Al Salam City Tameer Holding
    Al Burj Tower Nakheel
    Universal City Dubailand
    Emerald Gateway Abu Dabia Municipality
    Meydab Racecourse Meydan
    Waterfront Living Omniyat
    Aqua Dunya Dubailand
    Al Falah Aldar
    Royal Bay VIP Waterfront
    Cystral Towers Dubai Properties
    Al Kaheel Park Dubailand
    Bristol Towers Deyaar
    Dusit Emirates Saray Al Osaimi
    Trinity Heights Pavillion Holdings
    Marjan Island Hotel & Residential AAKAR
    Warsan Estates Emaar
    A1 Tower Ali Moosa & Sons
    Great Dubai Wheel Dubailand
    Dubai Promenade Nahkeel
    Waterfront Badrah Development Nahkeel
    Global Village Dubailand

    This is the text from the List I posted which not easy to read,,,,
     
  9. financier888

    financier888 New Member

    Hi Sally - I tried pasting the excel list...but it didn;t come out like i expected but at least it's easier to read... I hope it helps
     
  10. sally_hsu

    sally_hsu New Member

    Actually i can download the pic and it is very easy to read! thanks again!
     
  11. andoni30

    andoni30 New Member

    Well, I call to Emaar and they told me the project is UP and is not in HOLD. Then I paid... I hope some day have a home or my money...

    Other question, now I have paid 20% of the project, I read a new law appears and says developer can not ask more than 20% if construction not started. More info about this ? its true ? where I can find this info ?

    A lot of thank to all of you.
     
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