In many countries the divide between the rich and poor remains wide as ever, with little prospect those on the upper rungs of the wealth ladder loosening their grip lest that those at the bottom might climb up a little. Whether this is the case in Ras Al Khaimah we leave readers to consider. But one thing is certain; the Al Hamra Village resort has been blessed with the privilege of experiencing the Royal Breeze. Mind you, the prospect of this not happening is quite distinct, given the track record of inaccurate information emanating from Al Hamra Estates.So what exactly is the current status of the Royal Breeze development at Al Hamra. The best we can do is submit a recent report filed by a poster on the Eye on Worldwide forum, who says that after lots of emails to Al Hamra he eventually managed to get the following basic information:
- Al Hamra Estates says it does not have the facility to keep customers informed of progress (photos, etc) and this service is not included in their customer care department scope of work.
- Phase 3 is still under piling stage and construction standard will be similar to the existing Phase 1 & 2 buildings
- Phase 3 is scheduled to be ready within 3 years
- Prices of properties purchased in the years 2004-2005 at Al Hamra have risen by 2.5 times
- Al Hamra Estates never gave, and shall never give any compensation to any party whatsoever, no matter what the reason, this is their policy and they cannot change it.
We cannot but help repeat one posters advice: As the saying goes, “prevention is better than cure”, so keep asking and monitoring to ensure you get what you signed up (and paid) for. No use complaining after the event.
2 comments:
Dear Investors in Royal Breeze,
Does any one have an idea about the progress of ROYAL BREEZE-TOWNHOUSES IN PHASE 3?
I have a unit in PHASE 3 TYPE B TOWNHOUSE-102. I had bought it thro GLOBAL ESTATES in May 08 and have paid 47% till date to Global. Global Estates have bought it at a low cost from AL HAMRA and sold it on a high premium to investors. Global Estates have still not given me my receipts till date and they r a rude bunch of people.
Al Hamra has still not given the agreements. There r no progress reports and Al Hamra has stated that completion will be in end 2009 or 1st qrtr 2010.
Should we make payments? Most of the developers have given extended payment plans but when I mailed Al Hamra they state tht we have to stick to the payment plan, ie 52% over the next 1 year. But I see a lot of units in Royal Breeze on 50%during construction and 50% on completion only. Even RAK properties have agreed to help investors- article in
THE NATIONAL on 30.10.08- http://www.thenational.ae/article/20081030/BUSINESS/767004609
Can someone advise me on what to do? We should get together to voice ur concern, otherwise I dont see anything happen
Owners and investors of properties within Al Hamra Village can list their properties free of charge here
www.rakrealty.com
Post a Comment