Al Masaood Bergum wins $64mn contract for construction of Nakheel's labour camp at Dubai Waterfront.
SMRT Engineering wins a competitive tender to manage all day-to-day operations for the Middle East's first monorail.
Marwan Al Qamzi, managing director, Palm Jebel Ali, dispels rumours of any redesign on Nakheel's second offshore island.
ArabianBusiness.com staff writer , Saturday, 04 August 2007, ArabianBusiness/Features
EXCLUSIVE: Island bought for $15.5mn, owner not Tommy Lee or easyjet's Stelios.
Dylan Bowman, Thursday, 02 August 2007, ArabianBusiness/News
Hill to provide sub-consultant project management services for marine project.
Arabian Forasol selected as contractor to carry out enabling works package on the Trump Tower in Dubai.
SMRT Engineering will be responsible for recruiting and training staff, as well as day-to-day running of service.
ArabianBusiness.com staff writer , Tuesday, 07 August 2007, ArabianBusiness/News
Civils contractor, Wade Adams, has won the US $136 million (AED500 million) infrastructure package for Al Oud district at Dubai Waterfront.
Nakheel announced today that 55% of ground improvement works on Palm Jebel Ali have been completed.
Uncertainty over UAE property laws has real estate agents calling for clarification.
Amy Glass, Friday, 17 August 2007, ArabianBusiness/Features
Christopher Sell finds out how one contractor is dealing with logistics and regulations on the Jumeirah Lake Towers development.
Long-standing Dubai community set to be redeveloped to address the growing demand for housing.
The Dubai government-owned developer will use funds for general financing purposes, banker says.
Reuters, Monday, 27 August 2007, ArabianBusiness/News
The $5.2bn MGM Mirage deal is a bold new move for Dubai World. Does a fortune lie waiting in the Nevada desert?
Imad Haffar, chief operating officer of UAE property developer Rakeen Investments shares his approach to the top job.
ArabianBusiness.com staff writer , Monday, 24 September 2007, ArabianBusiness/Interviews
Buying a piece of the Dubai dream is now easier than ever for expatriates. Our step-by-step guide to mortgages.
ArabianBusiness.com staff writer , Sunday, 23 September 2007, ArabianBusiness/Features
The managing director of Hircon International, Darshan Hiranandani has criticised the newly introduced escrow account law, describing it as an unnecessary extra cost.
ArabianBusiness.com staff writer , Wednesday, 05 September 2007, ArabianBusiness/News
Christopher Sell meets Omar Ayesh from developer giant, Tameer.
Off-plan property purchases have proved hugely beneficial for buyers in Dubai over recent years.
David Nicholson, Friday, 07 September 2007, ArabianBusiness/Comment
Dubai World subsidiary teams with The Extreme Group to roll out a new food and beverage chain in the UAE.
Lynne Nolan, Wednesday, 12 September 2007, ArabianBusiness/News
Comments 1-10 of 10
Posted by Yasmin, Dubai, UAE on 26 June 2009 at 20:16 UAE time
Discovery Gardens apartments are big and spacious, yes. But are they comfortable to live in - no. The drains and toilets smell revoltingly bad 24/7. There are leaks from various places in the ceilings that never seem to be able to be fixed no matter how many times maintenance come to 'fix' them. Our bath has black marks on it that can't be removed no matter what we try. The floor tiles are covered with marks and scuffs. The bathroom doors don't close properly. When the AC is on you can smell cigarette smoke, garlic, onions, you name it from neighbours apartments.... I could continue, but it would get boring. Are we going to renew our lease when it expires? NEVER. Not even if it dropped to below half of the price of what we're paying now. I'd not recommend Discovery Gardens to anyone.
Posted by Alex, Dubai, UAE on 23 June 2009 at 10:34 UAE time
The Charges are unexpectedly high compared to others, also after paying such huge charges there is no satisfaction from the NAM. I have complained once for some A/C leak and it took more than a week to the maintanence team to come and fix it and such time i was leaving in hot condition without the A/C. This is what you pay for such huge maintanence charge to leave in this hot summer days. Where is the maintanence charges fullfilment? Disgusting.
Posted by pest off, uae, uae on 23 June 2009 at 01:53 UAE time
i think nakheel they confused between jbr next to the SEA and discovery garden in the DESSERT, so PLEASE NAKHEEL CAN YOU NOTE DOWN THAT JBR SERVICE CHARGE IS DHS. 15 AND NOW YOU ASKING THE PEOPLE IN THE DESSERT TO PAY YOU 25....PLEASE WAKE UPPPPPPP HELLOOO !!!!!!!!!! ANY BODY HOME
Posted by fohseno, dubai, uae on 23 June 2009 at 01:32 UAE time
they told us the swiming pool gonna be ready in 2-3 month, its been 9month and nothing
even we were playing in tennis court near B68, but they have closed it since 3month becuz some light problem, they said we cant fix it, NAKHEEL cant fix a light problem.
Posted by in the know, dubai on 22 June 2009 at 19:09 UAE time
I am a career real estate professional, I've been in the Dubai RE market for over five years, and I personally know some of the Nakheel Asset Management Team. I can certifiably say that this is a hoax. I personally conducted a study into the true service charge cost of a standard apartment building in 2005, and it amounted to AED5.5 per sq.ft. This included everything from security salaries to insurance and maintenance. While the world became more expensive since, it did not become so expensive as to justify a service charge of AED 25 per sq.ft at the Discovery Gardens. Let's face it, Discovery Gardens is no 'des res' (desireable residence). It isn't the nicest of all the possible ghettoes (did I say ghetto?) in the world. What's more, It's not as if Nakheel actually provide much services to the properties. Common areas are damaged and remain unfixed, lighting is often problematic, and the development is built underneath electricity pylons so that glow-in-the-dark children are going to be the 'must have' accessory of all residents.
The reason why Nakheel is charging so much is simple. It's not that it costs them so much. It's that they sold the properties at original prices of AED 300 per sq.ft, and watched as the market then speculatively drove them as high as AED 1000 per sq.ft, losing out on the profit therein, while at the same time incurring massive losses on their failures elsewhere, like their famous undercosting of the Palm Jumeirah project, or the infamous disaster that is Palm Deira.
Hiking up service charges to unjustifiable levels, and then using their unquestioned authority to force residents to pay these arbitrary amounts, is daylight robbery and is a clear attempt to recover the actual losses and opportunity losses that they have incurred.
Pay at your own will.
Posted by Lowai Alkawarit, Dubai, UAE on 22 June 2009 at 16:09 UAE time
The charges being paid at the first year in the discovery gardens are extremely high it’s more than what the luxury villa owners paid to EMAAR at the neighbouring developments?
More over it’s well known that at the first year after the property completion is under the defect liability period (dlp) and the contactors shall repair any defect or problems for free.
Posted by karel, dubai, uae on 22 June 2009 at 15:20 UAE time
Unfortunately, there is practically no service or maintenance.
The promised swimming pools are standing dry since 9 months.
Each building was supposed to have a concierge = not existing.
No owners associations created, no verifiable accounts.
What is this maintenance charge for?
Posted by Mohamed A, dubai, UAE on 22 June 2009 at 14:35 UAE time
i think from 15 to 10AED
Posted by Hans on 22 June 2009 at 14:07 UAE time
This is a positive development but we have to wait and see what it really means. The annual service charge has many components and amounts to almost AED 28/sqft. Is the AED 5/sqft reduction charge applicable on this total rate or a component?
At this point, given the terrible maintenance service, this reduction is not enough! It is still more expensive than Dubai Marina or JBR!
Posted by looking around, Dubai, UAE on 22 June 2009 at 12:33 UAE time
So what's the rate now????
was it 30 now 25, or 7 now 2 !!??