Saturday, April 18, 2009

Skycourts Update: 18th April'09 - Progressing at impressive speed

Skycourts Tower ‘A’ and the level ‘15’, approximately shows reaching 17th floor

Skycourts Tower ‘B’ and the level ‘10’, approximately shows reaching 14th floor

Skycourts
D and the level 10, approximately shows reaching 15-16 floors

Skycourts E and the level ‘7’, approximately shows reaching 11th floor

Skycourts F and the level 7, approximately shows reaching 13th floor

>> See pictures in slide show: Update 18th April'09

17 comments:

Anonymous said...

Fantastic
Kaygeeex@yahoo.com

Anonymous said...

Many thanks for this superb blog and all the updated pics...God Bless

assad_jamil@hotmail.com

Anonymous said...

fantastic pics, well done, keep up the good work, hope to have regular updates in the future as well

Anonymous said...

is it possible to have some pics of the "F" tower please, many thanks

Skycourts Update said...

Hi There,
Skycourts Tower F picture uploaded.
GKB

Anonymous said...

for sale 1 bedroom tower d - affordable price - 050-3868420

Anonymous said...

18th floor

Ace said...

I booked a studio in Skycourts in June 2008, this is when the cost of construction, steel, oil and other things important were at an all time high. Since then, things have changed dramatically. I see most of the users here are investors or end-users, I would like your constructive thoughts on a few things.
1 - We’re meant to pay “Profit during construction” . My Point is Have we made any “profits”. I booked the apartment at 1200 p/sqft and current value is less than a 1000 per sqft and going down. “Profits during construction” - I don’t think so !
2- The launches and bookings were made at a time when the cost was high and the Developer must’ve taken these costs+ unseen circumstances during construction, which would’ve bloated up the costs. Since, the prices of essentials have fallen and cost of construction reduced significantly (almost 40%), shouldn’t the Developer advance these “profits” to the buyers ?
3- Someone mentioned opening a Buyers Forum. I think its imperative that the buyers have clarity on proceedings and be treated fairly on the whole and not on individual basis on a “who has more proximity with the developers”-

I know Deyaar slashed its price by 30%..Im financed by AMLAK and want to put together atleast 5-10 people who would want to come with me to their office and re-negotiate our terms.

PLease add your names and contact details.

Anonymous said...

with you on this one ACE (same boat)...send me your email address, and I'll send across my contact details.

kamal360 said...

Ace thanks for the brief explanation, many developers have reduced the price by 30-40%. There is no reason why National properties should not do the same. Your email id with your comment will greatly help other members to join on the issue.

Kamal_db@hotmail.com

Anonymous said...

Hello Shycourts Friends!!

I am looking for people who have got their Skycourts financed through Dubai Bank. I have already made a case on the prevailing market conditions and handover delay. I would like to make a group of investors/ owners so that we can approach Deyaar and Dubai Bank and strike a good deal.

Cheers.

Unknown said...

Likewise, agreed ACE. When do you intend to go AMLAK. Contact me on vama@eim.ae.

Unknown said...

I too have booked a Skycourts 1 Bed Apartment through Amlak during the same launch and was looking for a similar group. I know at least one more investor who can join us.

email: wajidakbar@yahoo.com 0505380556

Unknown said...

Hi,

I refer to the comments and suggestions offered by ''Ace'' last June'09 regarding the ''Profit during Construction'' that is payable by all those whoc have purchased via Amlak Finance (incl. myself).

Recently,we received a letter regarding potential delays to the handover of the property ie:- Q1/Q2 2010.

The SPA suggested a date of completion as June'09 and thereafter completion was anticipated by around Dec'09.

The further delay has been attributed to lack of infrastructure, power, etc, however, one is compelled to question the manner in which individual investors/end usera are being subjected to cough up more monies due to delays caused by either the Developer or Master Developer to deliver the goods on time.

Kindly your views on this matter.

Regards,
Sameer Siwani

kgint@eim.ae said...

Yse Samir, why should the end user be paying for the delay in the project on developer/ contractor side? Banks charge and penalize for any delay in the EMI payments why should not the developers take this penalty. Is the end user going to be always at the receiving, logically the end-users are not entitled for any interests payments after June’09, the stipulated and promised possession date.

kgint@eim.ae

Ratty said...

As per the agreement, six months delay is allowed which is coming to an end in Dec 2009. In my opinion the building won't be ready before June 2010 and provision of infrastructure (water, sewage, electricity and chilled water) may take even more time (right now indefinite!). We must press the banks for freezing the profit w.e.f Dec 2009 until the completion of project. I am finding Deyaar is handling the whole issue quite unprofessionally - not bothering to respond to queries

Anonymous said...

HI
I have received threatening letters from AMLAK to take possession. I am in no situation to take possession.
Pls advise
mail at jacobkcv1@hotmail.com