Remraam

Forum rules
To buy or sell property, please use the Dubai classifieds section. Links: Dubai real estate agents

Remraam

Postby shawarma » 31 May 2008, 14:24

  • Property name: Remraam (not Remraan, Remran, or Remram) - a low rise community (max height 7 floors) with an Arabian / Moorish theme. Remraam is named after a plant growing in the UAE. To be sold in 3 or 4 phases (master plan appears to have 4 sectors)?
    Remraam phase I launched November 2007, 2090 units sold out at launch on 20 November 2007 according to Mizin press release dated 15 (!) November 2007.
    Remraam phase II April 2008 (sold out in 3 days), 3000 units
    Remraam phase III launch 26-27 April 2008 at Global Village (sold out in hours)
  • Development: Remraam
  • Location: Dubailand, next to Arabian Ranches and Bawadi Boulevard
  • Emirate: Dubai
  • Completion date of construction (expected or actual):
  • Completion date of construction (scheduled): 2010 Q4
  • Start date of construction:
    Phase I: November 2007?
    Phase II:
    Phase III:
  • Project value:
  • Area (size): 23.5 million square feet
  • Number of units: Estimate a total of 75 apartments per building x 50 buildings per sector x 4 sectors = 15,000 apartments (might be 50% too high?)
  • Developer:
  • Consultants:
  • Architect / Designer:
  • Project manager:
  • Construction firm:
  • Main/exclusive sales agent:
  • Escrow account: Not necessary because Mizin is a Dubai Government company (Mizin website FAQs 31 May 2008)
  • Apartment types (studio, # bedrooms): studio, 1 bedroom, 2 bedrooms, 3 bedrooms
  • Number of floors: 7
  • Car parking: not included for studio apartments, 1 spot for 1 & 2 bdrm apartments, 2 spots for 3 bdrm apts. Additional car parks cost AED 30,000.
  • Foreign / Expat Ownership: freehold
  • Residence visa included for expats: No - Remraam website says because "no agreement exists between Dubai Lands Department and the Residency department on the issuance of a permanent residence visa for expatriates who buy property in Dubai." (31 May 2008)
  • Payment Plan:
    Public: 5% deposit, 10% every 3 months except for 2nd & 4th payments (5%), 25% on completion
    Investors: 10% deposit, payments every 3 months of 10%, 15%, 15%, 10%, 15%, and 25% on completion
  • Mortgage finance: Up to 95% from Amlak, Dubai Bank, Emirates Islamic Bank, RAK Bank, Tamweel
  • Unit sizes (excluding/including balcony):
    studio 504-588 sq ft (no balcony)
    1 bdrm 835 sq ft (including small 36 sq ft balcony)
    1 bdrm 905 sq ft (excluding balcony)
    1 bdrm 1190 sq ft (including small 36 sq ft balcony)
    2 bdrm 1337 sq ft (exluding balcony)
    3 bdrm 1422 sq ft (excluding balcony)
    3 bdrm 1575 sq ft (excluding balcony)
  • Unit prices (Original Price / OP): AED 355,000 to AED 1.4 million
  • May 2008 prices:
  • OP per square foot:
  • May 2008 price per square foot: AED 995-AED 1030 depending on floor, plus about 400 dhs/sq ft for balcony area (Remraam website FAQs)
  • Transfer charges on resale: 2% of the selling (?) price (says website FAQs, unconfirmed if they mean Original Price or not). Resale not permitted until after receipt of contract (supposed to be issued within 90 days of launch).
  • Telephone: Mizin: +971-4-3752400 or 800-MIZIN (64946) toll-free in the UAE
  • Website: www.remraam.ae (& 15 page pdf brochure at www.remraam.ae/pdf/brochure.pdf). But remraam.com forwards to uaeemirates.info which is an odd mixture of spam links (some that might try to install nasty stuff on your computer) and real links to UAE property developments.
Other facilities and information

Each phase includes (information from Remraam website 30 May 2008):

24 hour maintenance and security
Basketball, volleyball and tennis courts
Cycle and jogging path
Health clubs with gymnasium, steam and sauna rooms, separate male and female facilities
Landscaping with an 85% ratio of open space to built up area
Nursery (press releases say nurseries)
Retail center with cafes, restaurants, dry cleaners, pharmacy etc
Swimming pool and children’s play area
Shopping mall with retail, dining, bowling alleys and other entertainment facilities

DubaiFAQs.com pages with related information


Please reply to this topic with relevant information and this first post will be updated. If quoting this post, please remove unnecessary information. Thanks :)

In general, for all UAE property developments, information given here is usually based on information supplied from press releases, media reports, company marketing, and may not be independently confirmed. Unit sizes are unlikely to be vastly different but layout and design could change. Actual completion date could be months or even years later than promised delivery dates.
Please use the forum for questions, not the PM system.
shawarma
moderator
 
Posts: 3451
Joined: 27 Sep 2007, 00:39

Remraam

Postby kheramohit33 » 26 Feb 2009, 16:55

With the global crises in the world the projects have come to a standstill.Can anyone give an idea about current construction status of this project?
kheramohit33
visitor
 
Posts: 1
Joined: 26 Feb 2009, 16:26


Return to Dubai property

Who is online

Users browsing this forum: No registered users and 1 guest

cron