I saw many cars parked under UDC tower. Does anybody know if people start living in the pearl ?
As an apartment owner in the pearl, I fed up with the postponing of the handover date...
Istavrit, finally some very good news, I learned from UDC today that they have already started handing over keys to owners of apartments in Porto Arabia, who want to move in in May, and more owners will get theirs during June or July. Hope you are among the first and get to enjoy your balcony asap!
Istavrit, I was down there this week as well and totally amazed at the progress, especially with the shops (OK, just need the money to buy), cafes and landscaping. The waterfront is beautiful and the atmosphere unlike anywhere else in Doha, more reminiscent of Palm Beach or parts of Europe. The project is really moving on and taking shape.
I talked to UDC and they said their towers will be opened in May. Electricity and water problems are solved and ready for all porto arabia. I guess in the 4th Quarter of this year, most of the towers will be opened.
I was in Abu Dhabi at the weekend and stayed in one of my friends apartment. His apartment is having a magnificent sea view next to beach(like the apartment in the pearl). It gives me some idea how the life will be in the pearl; simply "dolce vita!!!". Most of the people living in Doha cannot imagine the life style in the pearl and when it will be completed, I am sure it will be one of the dream place to live in.
Having followed up with UDC, I have learned that the issue with the power supply was in fact resolved almost 2 weeks ago and they expect people to be living in Porto Arabia by the end of May. Please don't take my word for this, (after all I could just be another one spreading rumors),check with them yourself to see how your property fits into the schedule. Hope it goes well for you!
yet. As there is no water or electricity services yet. UDC and Kharamma are locked in a power struggle over costs and the poor buyers of flats are the losers.
I know it is hard to wait, especially given the current economic uncertainty, but none of us (including the developer and the banks) could have predicted what has happened, on a global scale, over the last few months, so we are all having to adjust to the new reality which we didnt foresee when we originally made the investment.
As any investment is about confidence, it doesn't make sense to 'talk down' the project, or encourage rumours about how awful the project is. If you look at other threads on this subject, you can see that those directly involved in the construction are all proud of it: only those unconnected but with 'inside knowledge' ( ie from friends of friends) are predicting doom.
Again, I suggest that you go down to the site and speak to the developer to get a clearer picture which will help you plan.
I hope so... My apartment is in Porto Arabia and the handover date has postponed to Sept 2009. And their explanation is due to island infrastructure is not ready. So, even if my apartment is ready(actually it is 90% finished), it seems we have to wait for other towers to be completed... On the other hand, my bank(CBQ) is increasing the mortgage rate every 3 months... I guess a lot of people in my situation; paying for the high rent and the mortgage installments at the same time. I am getting worried about the future of this project...
Why not contact UDC, if they are your developer, to get a clear picture (good or bad), rather than rely on others, who may or may not be well-informed and could be giving you accurate information or idle speculation?
I am also an investor in The Pearl, and have found, in all my dealings with UDC (ie the people at the Oyster), that they are very professional, helpful and transparent. They will tell you the situation as it stands now, progress and delays, because it is in their interests to ensure that investors have confidence in them and their project.
My apartment is in Viva Bahriya, so not due for completion yet. It is hard to wait, because once you've been down and seen for yourself the scope of the project, you just want to move in and enjoy sitting on your balcony overlooking the sea. Ignore the snipers, stay cool, it will be worth the wait!
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Istavrit, finally some very good news, I learned from UDC today that they have already started handing over keys to owners of apartments in Porto Arabia, who want to move in in May, and more owners will get theirs during June or July. Hope you are among the first and get to enjoy your balcony asap!
Istavrit, I was down there this week as well and totally amazed at the progress, especially with the shops (OK, just need the money to buy), cafes and landscaping. The waterfront is beautiful and the atmosphere unlike anywhere else in Doha, more reminiscent of Palm Beach or parts of Europe. The project is really moving on and taking shape.
I talked to UDC and they said their towers will be opened in May. Electricity and water problems are solved and ready for all porto arabia. I guess in the 4th Quarter of this year, most of the towers will be opened.
I was in Abu Dhabi at the weekend and stayed in one of my friends apartment. His apartment is having a magnificent sea view next to beach(like the apartment in the pearl). It gives me some idea how the life will be in the pearl; simply "dolce vita!!!". Most of the people living in Doha cannot imagine the life style in the pearl and when it will be completed, I am sure it will be one of the dream place to live in.
So, we waited a lot but I guess it will worth it!
Having followed up with UDC, I have learned that the issue with the power supply was in fact resolved almost 2 weeks ago and they expect people to be living in Porto Arabia by the end of May. Please don't take my word for this, (after all I could just be another one spreading rumors),check with them yourself to see how your property fits into the schedule. Hope it goes well for you!
No one lives at the Pearl
yet. As there is no water or electricity services yet. UDC and Kharamma are locked in a power struggle over costs and the poor buyers of flats are the losers.
I know it is hard to wait, especially given the current economic uncertainty, but none of us (including the developer and the banks) could have predicted what has happened, on a global scale, over the last few months, so we are all having to adjust to the new reality which we didnt foresee when we originally made the investment.
As any investment is about confidence, it doesn't make sense to 'talk down' the project, or encourage rumours about how awful the project is. If you look at other threads on this subject, you can see that those directly involved in the construction are all proud of it: only those unconnected but with 'inside knowledge' ( ie from friends of friends) are predicting doom.
Again, I suggest that you go down to the site and speak to the developer to get a clearer picture which will help you plan.
I hope so... My apartment is in Porto Arabia and the handover date has postponed to Sept 2009. And their explanation is due to island infrastructure is not ready. So, even if my apartment is ready(actually it is 90% finished), it seems we have to wait for other towers to be completed... On the other hand, my bank(CBQ) is increasing the mortgage rate every 3 months... I guess a lot of people in my situation; paying for the high rent and the mortgage installments at the same time. I am getting worried about the future of this project...
Why not contact UDC, if they are your developer, to get a clear picture (good or bad), rather than rely on others, who may or may not be well-informed and could be giving you accurate information or idle speculation?
I am also an investor in The Pearl, and have found, in all my dealings with UDC (ie the people at the Oyster), that they are very professional, helpful and transparent. They will tell you the situation as it stands now, progress and delays, because it is in their interests to ensure that investors have confidence in them and their project.
My apartment is in Viva Bahriya, so not due for completion yet. It is hard to wait, because once you've been down and seen for yourself the scope of the project, you just want to move in and enjoy sitting on your balcony overlooking the sea. Ignore the snipers, stay cool, it will be worth the wait!