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Old 24th Oct 2013, 07:54
  #24 (permalink)  
Mr Good Cat
 
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Are they identical to Al Wasl ones? Any news when will they be ready?
Different developer.

Wasl Square is by Meraas, a wholly-owned government venture. Similar to 84s and 164s situation.

The Meydan project is Emaar. The government have a stake in Emaar but do not own it. They simply offered land in return for 32% of the organisation a few years ago.

However, the 528 Meydan villas are being purchased via lease-to-own over a 16 year period so will eventually belong to EK outright... IF they are still habitable by then.

Only 70 or so of the 528 are ready and the others may well be a while. EMaar have sold 184 of the other Meydan villas to normal private purchases

Do you guys know if the current people at 84s,164s,Wasl Square will be affected as they are not owned by private landlords?
As far as I know no-one has heard otherwise... However, the canal linking B Bay with Beach Park will be built about 1km further up the road so this could make Jumeirah 3 a prime location for redevelopment...

Last edited by Mr Good Cat; 24th Oct 2013 at 07:55.
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