International City Phase III

[muqarabin]

Hi All

I have bought at Cambridge Residence on Phase III. I have a bit of info coming thru to me and i will try and update as much as I can. A I hear people saying nothing is happening on phase 3 so I will try and update on this thread as often as I can.

I initially planned to go out to Dubai to have a look at phase III but the developer just told me nothing is gone up yet so there is no point. However, I am assured that Cambridge residence will be delivered in Dec08.

The whole England sector (all 6 developments) of PhaseIII being built by GPD.

Below is the link to their last newsletter on progress of Eton Residences. As you can see there is nothing up just yet.

etondubai . com/Global%20newsletter . pdf

P.S For those interested I think there are still 2 x 1 bed apartments available at Cambridge Residence, everything else in the England sector is sold. No I dont work for GPD and i dont sell for them I jut thought I'd let people know. Dont ask me how I know, I have my sources.

[andyk2]

Originally Posted by muqarabin

Hi All

I have bought at Cambridge Residence on Phase III. I have a bit of info coming thru to me and i will try and update as much as I can. A I hear people saying nothing is happening on phase 3 so I will try and update on this thread as often as I can.

I initially planned to go out to Dubai to have a look at phase III but the developer just told me nothing is gone up yet so there is no point. However, I am assured that Cambridge residence will be delivered in Dec08.

The whole England sector (all 6 developments) of PhaseIII being built by GPD.

Below is the link to their last newsletter on progress of Eton Residences. As you can see there is nothing up just yet.

etondubai . com/Global%20newsletter . pdf

P.S For those interested I think there are still 2 x 1 bed apartments available at Cambridge Residence, everything else in the England sector is sold. No I dont work for GPD and i dont sell for them I jut thought I'd let people know. Dont ask me how I know, I have my sources.

I heard that Nakeel are releasin these in small stages. I´ve got 10 available in Cambridge, Eton & Windsor.

If anybody knows any different, happy to be corrected

[muqarabin]

Andyk2,

These 10 you have wont be resells by any chance. Cause according to the information I have GPD have only got two 1BR apartments left to sell.

May be I have been given the wrong info??????

[andyk2]

Going to speak with my contact and let yo know - believe they are all direct

[andyk2]

Originally Posted by muqarabin

Andyk2,

These 10 you have wont be resells by any chance. Cause according to the information I have GPD have only got two 1BR apartments left to sell.

May be I have been given the wrong info??????

Can confirm that all the one beds at IC3 are now sold out. Have a list of resales at IC1 starting from AED350K +2% - don´t expect these to last long!

Andy

[faisalbhatti]

Originally Posted by andyk2

Can confirm that all the one beds at IC3 are now sold out. Have a list of resales at IC1 starting from AED350K +2% - don´t expect these to last long!

Andy

Hi Andy,

Could you please let me know where to find these resale properties (Brokers, Websites etc) I am planning to invest in real estate in Dubai and Combridge, Eton and Oxford look like they are reasonably priced. Please let me know.

Thanks

[faisalbhatti]

Originally Posted by Mahawish

Hey Faisal...

Have information on IC and properties being released soon...

Please contact me.

Regards,

Mustafa Ali
050 3520818
mustafa @ mmreale dot com

The email I sent you was returned.

Could you please send me the details on any properties which are under 500000 AED and/or are around 1000 psf

the purpose of this investment is to get a good rental income so please keep in mind that proposed properties have good rental potential
Thanks
send me the details at faysal 'dot' bhatty 'at' gmail 'dot' com

[defosco]

hi there, we'd put down a deposit for Park Views in Phase III initially through Investors Provident, but GDP have now taken over or at least become involved (don't know how/when!). i'm a bit worried as i've not seen many people mentioning "Park Views"! Do any of you know about PV and what stage of construction they're at?

Our deposit was paid in September 2006 and 1 1/2 years on we have to contact them for an update! We're really getting worried now!

[defosco]

I've posted this in another IC Phase III thread to:

Hi guys! well, further to my previous post (about sending an e-mail to GDP) I've had a very swift response in deed (literally a couple of hours!). Here's what the e-mails and attachments said:

Debbie, i have sent another update recently to Investors Provident but it sounds like it was not sent to you attached is an update but since then we have received the green light re the PSA and we are going to send them out ASAP ,it will take a while as there is around 50 pages that have to be checked and signed and there are 2 sets needed as we have around 700 to send out we are going to do a block at a time but it will be with you shortly .I am not sure which block you are in but i will send you the estimated start and completion dates we have been given.Any more questions please email me .

Estimated dates for completion:
MAYFAIR START MAY 08 COMPLETE JUNE 09

ETON & OXFORD START NOVEMBER 08 COMPLETE DECEMBER 09

KENSINGTON & PARK LANE START MAY 09 COMPLETE JUNE 10

CAMBRIDGE START NOVEMBER 09 COMPLETE DECEMBER 10

also see attachment of a newsletter (in the other thread)

Could we let each other know if/when we start receiving the PSA's?

good news/bad news? what do you think?

[muqarabin]

Originally Posted by defosco

I've posted this in another IC Phase III thread to:

Hi guys! well, further to my previous post (about sending an e-mail to GDP) I've had a very swift response in deed (literally a couple of hours!). Here's what the e-mails and attachments said:

Debbie, i have sent another update recently to Investors Provident but it sounds like it was not sent to you attached is an update but since then we have received the green light re the PSA and we are going to send them out ASAP ,it will take a while as there is around 50 pages that have to be checked and signed and there are 2 sets needed as we have around 700 to send out we are going to do a block at a time but it will be with you shortly .I am not sure which block you are in but i will send you the estimated start and completion dates we have been given.Any more questions please email me .

Estimated dates for completion:
MAYFAIR START MAY 08 COMPLETE JUNE 09

ETON & OXFORD START NOVEMBER 08 COMPLETE DECEMBER 09

KENSINGTON & PARK LANE START MAY 09 COMPLETE JUNE 10

CAMBRIDGE START NOVEMBER 09 COMPLETE DECEMBER 10

also see attachment of a newsletter (in the other thread)

Could we let each other know if/when we start receiving the PSA's?

good news/bad news? what do you think?

Good new or bad news?? I can tell you right now this is bad news, for me anyway. Considering that I paid 50% deposit for my Cambridge purchase now my money is stuck in there somewhere when Ic ould have been trying to adding value to it in other areas.

Strange thin is that I still called GPD on tuesday and although the guy I spoke to did confirm that Cambridge was going to be one of the last one he did imply that things would be moving this time next year on Cambridge, which is not true based on the above. DISAPPOINTING