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| Hi everybody. I have also done the deed and invested in an apt in OH. What can I say!!! I’m not impressed so far, serious delays are really starting to bug me, especially because I didn’t even receive a letter to tell me that the completion date had changed, and surprise the payment dates are the same as when I originally signed the contract. All that money invested and a brick hasn’t even been laid!! I think all damac investors need to get together and form some sort of representative group, otherewise we are all gonna get stuffed if things go wrong and we need someone to speak up for us when damac try to take advantage of us. |
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| Just been told that Damac will be writing to all investors in OH over the coming weeks. I assume to explain the delays, give a new completion date and an idea of when the main contractors will be moving in. Lets hope its good news! |
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| The problem with this one, besides their CEO saying that there is a lack of construction workers to employ for it, is that they are still charging £200k for a 1-bed apartment... so they're obviously not selling as well as they would like. It's a catch-22 situation now - Do you lower prices in order to make sales at the risk of shamefully cheapening the product, or continue and hold out at the current rates and risk ppl opting for cheaper deals elsewhere..??? I wouldn't like to be in Peter's shoes right now. But its amazing how they still put a brave face on as if everything is fine... but for how much longer? |
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| Worst news ever. it will them take even longer to sell it. what about starting construction.. they already had problems with the design, I hope this was caused by the increase of floors, and they don't have to redesign it AGAIN now... |
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| I understand that the current completion date is December 2009. Has anyone heard any different? The increase in the number of floors is a new issue. I am waiting a reply from Damac's CRM department. Can anyone suggest a reliable reseller in Dubai please? thanks all. |
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