Emirates City Forum

Dear All,

ARRA has updated their website yesterday with the current progress of the projects, I have done the calculation for R Holding performance since the Emirates City launched way back in Mid 2006.

ARRA has registered 49 Projects in The Emirates City out of 94 projects planned.

R Holding developing 13 Projects out of 49 Registered projects ( D01, D02, B02 to B09, Fortune, Eye and Emirates gate)

Total 26.5% projects being developed by R Holding a Master developer of The Emirates City

Total average progress of projects (Progress/13 Projects) = 24.38% since past 3 Years of actual construction started.

R Holding asking money with the promise that they will complete the respective projects by end of 2011.

End of 2011 is almost 5 years completing from the piling completed for the almost every project listed above.

The project which was scheduled to complete by mid of 2009 or end of 2008 is now promising at end of 2011 which is practically impossible with the current status of the progress and past two months progress at site.

So the new completion date will soon declared by R Holding if it would be mid of 2012 and then end of 2012 possibly mid of 2013 as well.

R Holding as a developer they have to admit that they are just making fool the thousand of families, they have dreamed to own a house on this part of world.

I really don't know is R Holding is feeling any pressure against their reputation and credibility or they are also like Chapel kind of developer.

Reminder !!!!!!!! 75% progress on the project along with the basic infrastructure to be developed in coming 16 month by R Holding how they will plan they know better than us but worry is that are they really know this????????