Hi All
Well this is a brief update, but really not a huge amount of solid information that I can give.
I was up there last weekend - and on the positive side can say that a lot of progress has been made in the Greece sector. The main construction has been done and the buildings are now covered with scaffolding as they are now applying the outer layers and stuff i.e. tiling, painting, roofing, glass, etc.
It looks ok - near the lake which looks quite serene - although it depends where yr apartment is as to the view u get - the inside ones look at other flats and maybe roads.
The developer is Gamon and Billlimoria - people were asking.
As far as the whole place goes - well some people have moved in but not really very many. It's still a huge construction site and there's no community feeling at all so it's hard to judge what it will be like. I think it could be another Karama! All the ground floors will be shops and offices. Mind you, I like Karama - but I don't want to live there.
Dragon Mart is incredibly busy! The finished buildings look fine. Is Forbidden City going to be built? Nobody knows.

I got cut off on the last post. The only other thing I would add is that IC is nowhere near ready for any sort of mass handover to residents. It's going to take years to build up this new city - it's still a ghost town - and they are years behind schedule. And until it's all functioning as a mini city we won't be able to judge.
Nakheel's response to customers is almost non-existent. They are more concerned now with the massive new developments like the Palms, etc. Whether they will spend Dirhams on the relatively low profit IC infrastucture - parks, walkways, Forbidden City - well I have my doubts.
Just my thoughts.
Good luck to all you Greecians and IC's

Hi Guys
I've just got back from Dubai this week. Greece is coming on fine. Its still 6-8 months before completion. The building are almost complete from the outside and look ok. I've put a few photos up on the Pictures thread. Enjoy.

Regards
Nish.

Hi I bought a studio in Greece. Can anyone tell me how much they paid in fees?? I was told that there would be no fees now I have been hit with Nakheel for 2% and Im told there is a land registration fee of 1.5%. Estate Agent called High Society not proving very helpful or fortcoming with info. Where do the fees stop???????

hi howsabuy

i bought few in greece cluster and yes same we are still waiting for our cluster to be handed over but i would like to sell one of the studio aprts on the 3rd floor any one interested email me n.rouf@ntlworld.com

yes you do pay all these fees 2% and 1.5% fees but what you are also not told you pay for maintenance fees when your handed over keys.

hi I just spoke with Mink properties and was informed that Greece will be ready by the end of September or October at the latest.

[hi kk that will be brill at least i can go over and check them out we went out in feb through gowealthy they arranged us to visit site but due to health and safety reasons they would not let us on construction site.

hi all

im in K7 sector so if u guys have any news or updates please keep us informed sometime some agents have much faster communications than others.

Well there's not much else to add. All is going ahead and it looks very nice so far. There's still a lot to do and it looks as if Greece could be the last sector to be completed. December 2007 looks optimistic to me!
The lake is now being landscaped - it looks great - this should add value to the Greece sector. Better view than the Dragonmart!
No news of Forbidden City!! If this is built as promised then I think Greece and Persia will be the lucky ones. But Nakheel are tightlipped over this.
One note of disappointment - the balconies look tiny - but it's hard to tell at this stage of building.
It's not really being pushed in advertisements here - largely because Nakheel have sold off to speculators and they have sold to individuals - they've made their money already! So who is there to push it? Just the speculators trying to shift what they have left.
Having said this, prices are rising gradually - at least the prices asked are higher.
Rental is around 40 - 45 Dhs for a studio and 48 - 55 Dhs for a 1 bed.
What will happen when they all come online is anyone's guess but right now there are hundreds of empty places waiting for tenants or buyers. I was shown around Persia last week - it's like a ghost town - I could take my pick of many empty, waiting, finished units.
Jury's out - and I'm away for a month in UK.
Cheers Greecians!