Nakheel, el mundo!

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Dalamar
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Nakheel, el mundo!

Mensajepor Dalamar » 22 Nov 2012 11:55

In April, Austrian developer Kleindienst Group, one of The World’s largest owners, claimed during the first hearing of a US$199m legal battle that the master developer behind the project did not receive regulatory approval to construct the manmade islands and has been unable to complete the project because it is insolvent.

Kleindienst Group was sued by ‘The World’, a subsidiary of Dubai government-owned Nakheel, for breach of contract in an action lodged on June 12, a legal battle that has stopped work on the Kleindienst’s US$840m resort.

In the first hearing of the case at the Dubai World Tribunal, Kleindienst’s legal representative from Davidson & Co, Mohammed Zaman QC, claimed Kleindienst deemed the contract terminated and argued that the ‘The World’ master developer was insolvent as it was unable to meet its debt obligations and was seeking to consolidate payments with owners who had defaulted.

Graham Lovett, regional managing partner at Dubai legal firm Clifford Chance, and legal representative for ‘The World’, refuted the allegations and claimed the company was not insolvent and was still active.

In terms of 'The World's' infrastructure hubs, which the defence claimed the master developer had failed to deliver, Lovett said the ‘The World’ was only contractually obliged to construct the manmade islands and the infrastructure works were not part of the developer's responsibility.

The defence further claimed the Nakheel subsidiary had not obtained formal written permission from the Real Estate Regulatory Authority (RERA) to start construction of the islands and the sales had not been registered with the Dubai Land Department, dismissing the legitimacy of the sales and purchase agreements.

Lovett dismissed the allegation and said any claim 'The World' developer did not have approval to develop the offshore man-made islands was ‘absurd’.

Kleindienst’s legal team also claimed the development was stalled or “in a coma” and the lack of development on the 300 islands meant RERA had refused it permission to continue selling off-plan properties in February 2009 because construction was behind schedule.

In a bid to determine the level of activity on the project, tribunal judge Sir Anthony Evans ordered ‘The World’ to produce a series of documents within 56 days. It was instructed to declare how many of the 300 islands had been sold, how many of the sales and purchase contracts were still active, how many buyers were in dispute with the developer over payment and how many owners had defaulted.

It was further ordered to declare how staffing levels had changed over the last number of years and what infrastructure contracts had been awarded to subcontractors.

Construction on the project ground to a near standstill in the wake of the financial crash, which saw real estate prices in Dubai fall more than 60 percent from their peak.

While Qurashi is looking to push ahead with work on Great Britain, almost all buyers on the project have failed to begin work, with exception of the Lebanon island which opened earlier this year.

A spat between Nakheel and Penguin Marine, the company contracted to ferry goods to the islands, has also affected island owners seeking to fast-track construction on their sites.

Nakheel has said 70 percent of the 300 manmade islands are sold and that building work is the responsibility of the owners.
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 09 Dic 2012 11:55

Penguin Marine Boat Services, which has an exclusive transport contract to ferry goods and people to the islands, had asked the Dubai tribunal to release it from an annual licensing fee of AED5m (US$1.36m), arguing the lack of activity on the island made its operations unfeasible.

In the latest stage of a legal battle between the two firms, which has been ongoing since early 2011, the tribunal has ordered Penguin to pay the Nakheel subsidiary AED10m (US$2.7m).

The firm had claimed work on the islands had stalled and that The World had backtracked on a 2008 deal allowing Penguin Marine to construct a port and manage deliveries to the development.
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 07 Abr 2013 17:43

The new boss of Nakheel has asked the chairman of rival developer Emaar to come forward with his proposal to build a floating bridge that could revitalise the troubled manmade islands development, The World.

“If he has a proposal of building a bridge, probably he should come and we will see how we can do it,” Nakheel CEO Sanjay Manchanda said during a CEO Clubs UAE luncheon.
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 25 Jul 2013 10:29

Nakheel boss claims buyers eager to splash cash on The World: “People are not going to give me money if they’re not serious,” says Dubai developer boss


Parece que las cosas estan cambiando!
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 23 Dic 2014 10:09

The World’s Heart of Europe islands to “only accept euros”
Dubai developer says that commercial outlets on six islands in Nakheel project will create “authentic experience”
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 07 Mar 2015 08:56

Nakheel starts handover of Jumeirah Village Circle villas
Dubai developer says it has takes nearly $75m in sales revenues after selling out 90-villa project
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 12 Abr 2015 07:07

Dubai reinventadose una vez mas!

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has approved development projects worth AED 14 billion planned by Nakheel Properties.
The developer has pledged to complete these projects within three years and by the looks of it, they could alter the Dubai skyline for the better.

The projects slated for delivery over the next three years include Deira Boulevard project, spanning an area of over 9 million square metres. The project houses Deira Mall, a unique shopping destination featuring 3,000 retail units surrounded by 16 apartment buildings, four residential complexes offering 2,500 units, a walkway, high class resorts, hospitality offerings, a children’s park overlooking the Gulf waters and a 500-metre glass dome besides other leisure facilities like restaurants and cafes.

During his visit to Nakheel head office in Jumeirah Beach, Sheikh Mohammed inspected the blueprints of expansion of Ibn Battuta shopping mall on Sheikh Zayed Road – a plus for all the residents of Gardens and Discovery Gardens.

The expansion plans include parking spaces accommodating 4,000 vehicles, a five-star hotel, restaurants, cinema and a unique indoor park planned to be developed on an area equalling four football pitches.
Sheikh Mohammed was also briefed on the specifications of the Al Khail Mall project located on the intersection of Al Khail and Mohammad bin Zayed Road.

Nakheel Properties claim the new project will be developed on an area spanning 1.25 million square feet. Apart from that, Dragon City’s expansion on Al Awir-Dubai Road is slated for delivery in 2018. The expansion includes 240 residential units housed within two 50-storey towers and 3,600 retail offerings. The development of new hotel offering 250 rooms, a grand super market, cinema, restaurants and other leisure facilities is also included in the expansion plan.
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 18 Abr 2015 16:33

The developer of The Heart of Europe islands, which will form part of Dubai's The World, has announced more details about the underwater villas it plans to build.
Kleindienst Group said it is to build 42 Floating Seahorses, a cross between a villa and a boat which has one floor submerged.


Las casas tendrán 1.700 metros cuadrados y cada una costará alrededor de 5 millones de dirhams (1,36 millones dólares), informó Arabian Business.
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hcardarelli
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Re: Nakheel, el mundo!

Mensajepor hcardarelli » 19 Abr 2015 13:57

Hola Dalamar
Me parece que el precio o los metros cuadrados están mal, no puede ser 1700 m2 a un precio de 1,36 millones de dólares. Si ese es el precio real y esa es la superficie, cómprame dos que ya veremos de donde sacamos el dinero.

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Dalamar
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Re: Nakheel, el mundo!

Mensajepor Dalamar » 20 Abr 2015 21:09

No, es una errata son Pies cuadrados, sqft. 1700 sqft = 158 metros cuadrados.
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