Royal Estates Site Picture Update (Latest pics) !!

Here are the Project Images taken End Of February 2009. The Panoramic VIEW (we tried as best as we could :-)) - we can clearly see that even after 14 months of our first installment - all that is there - and till where we could see - is SAND and no buildings (no SITE OFFICE or anything of that SORT). What we could see is only a Sand Road - and that too leading to nowhere.

By the way - they are advertising that they are building a SITE Office there- but in our site visit (around 1 1/2 weeks back) - we could not find anything there. The rest is clear in our images.

As per them the Infrastructure contract is given - but according to the WEBSITE of that CONSULTANT - they are doing still a STUDY of TRAFFIC Impact for RTA's approval. To start with RTA's approvals are not that easy to get and hence we can safely say that this project is MILES away from even breaking ground.

Any Comments?

Thanks and Regards,

RERA Law - Copy

Dear Investors,

Please find below the SCREENS of LAW with RERA regarding the Property Sale in Dubai.

Please refer article # 11 Point No 2 - that clearly stipulates that a DEVELOPER can only keep 30% of the PAID Value. Again - there are already several confusions with this law - but still worth to know as an investor.



Thanks and Regards,