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Jumeirah Lake Towers Jumeirah Lake Towers consists of residences, offices and retail outlets developed around man-made lakes and waterways covering over 730,000 sq m (2.4 million sq ft); with man-made lakes covering 116,000 sq m (381,000 sq ft). So, with this sheer size and magnitude of the project, has it really been a success? Jumeirah Lake Towers is being completed in various stages, and some investors have already seen a good return on their investment. Are you one of them, or do you have a contradictory opinion? Share your views with others here.

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darren Offline
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Default Jumeirah Lake Towers Nakheel Falcon Tower - 19-02-2007, 11:12 AM
Nakheel is not longer Master Developer of Jumeirah Lake Towers.
The Towers Falcon (H3 JLT) and Flamingo Nakheel launched in 2004 will not be built. DMCC has announced this to all customers of Nakheel Falcon and Flamingo Aug. 15. 2006. Most of Nakheel Falcon and flamingo customers have paid meanwhile the 3rd installment ( total 45 %) to Nakheel. And now they simply cancel what they have once promised. Nakheel themselves are not giving any statement to their customers about this
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avery99g8 Offline
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Default Re: Jumeirah Lake Towers Nakheel Falcon Tower - 19-02-2007, 11:40 AM
This is quite strange news.
Could anyone who is able to keep us updated on this please do so.
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fairouza Offline
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Default Re: Jumeirah Lake Towers Nakheel Falcon Tower - 06-04-2008, 08:19 PM
This comment was published Arabian Business News:
Damac threatened with lawsuit after project axed - Real Estate - ArabianBusiness.com


Damac Victims are not alone
Posted by Falcon, Munich, Germany on 1 April 2008 at 03:00 UAE time

The victims of Damac are not alone.

They bring to daylight what happens day by day in Dubai.We bought 2005 Falcon Tower JLT directly at Nakheel.We paid 45% until June 2006. In August 2006 we got a letter from DMCCA. Falcon will not be built - a decision of Nakheel.But we were told the Falcon Tower would be transfered to AL Fajer Properties, nothing would change for the customers.Today, 2008, we are getting letters from the lawyer of Al Fajer Properties trying to cancel every right to our purchased apartment.We have got our own lawyer - but they have refused to correspondence with him.The case is with RERA - but until today without any response.
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fairouza Offline
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Default Jumeirah Lake Towers Plot H3 Nakheel Falcon Tower/Now Plot H3 Al Fajer Properties - 06-04-2008, 08:21 PM
Al Fajer Properties is since end 2007 the owner of former Plot Falcon Tower.

The customers of Falcon Tower are facing bad times !!!!!
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fairouza Offline
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Default Re: Jumeirah Lake Towers Nakheel Falcon Tower - 06-04-2008, 08:26 PM
The same happend with Flamingo Tower Plot G3. ITs now Al Fajer Properties Tower JBC 8 !

Consult a lawyer before signing any contract with Al Fajer Properties !!!

For those whio have the idea to buy from the second market, be carefull
latest news why here:

Damac threatened with lawsuit after project axed - Real Estate - ArabianBusiness.com
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