Comments on: Bahrain Resident wins the Hungarian F1 Grand Prix! http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/ An Arab man's attempt at bridging the cultural gap and trying to make a difference. Failing a lot. Succeeding once in a while. Sun, 12 Feb 2012 17:14:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34119 Adel Thu, 10 Aug 2006 15:46:14 +0000 http://mahmood.tv/?p=2669#comment-34119 Wait until end of the year, and then call them and tell them you are thinking of buying a villa, but you want to see the place first . By then petal 1 villas would be near completion and Atoll 1,2 in mid construction plus the road to Durrat would be complete, it's worth a visit. Agree with what you saying about most developments out there, but KFH have always said they will charge a yearly fee for service so whoever bought there knows that. Also you cannot compare KFH with the other developers around. The plan is for Durrat to be a new city where you have a villa on the sea and all the services you need close by. This includes Mall's Super Markets,Coffee Shops, Schools, Univercity, and Hospital. So basically it's gonna be a city for medium to high income residents, the profit will mainly come from renting commercial land and running some of the lesure developments like the Marina, Golf Club, Water Park, etc. Imagine if you can sell more than 7000 villas and flats, which means 7000 families + their visitors from relatives to freinds and calculate their buying power, you will find out that the service charge is peanuts for KFH . Wait until end of the year, and then call them and tell them you are thinking of buying a villa, but you want to see the place first . By then petal 1 villas would be near completion and Atoll 1,2 in mid construction plus the road to Durrat would be complete, it’s worth a visit.

Agree with what you saying about most developments out there, but KFH have always said they will charge a yearly fee for service so whoever bought there knows that. Also you cannot compare KFH with the other developers around.

The plan is for Durrat to be a new city where you have a villa on the sea and all the services you need close by. This includes Mall’s Super Markets,Coffee Shops, Schools, Univercity, and Hospital. So basically it’s gonna be a city for medium to high income residents, the profit will mainly come from renting commercial land and running some of the lesure developments like the Marina, Golf Club, Water Park, etc. Imagine if you can sell more than 7000 villas and flats, which means 7000 families + their visitors from relatives to freinds and calculate their buying power, you will find out that the service charge is peanuts for KFH .

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]]> By: Johnster http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34094 Johnster Thu, 10 Aug 2006 06:42:28 +0000 http://mahmood.tv/?p=2669#comment-34094 Adel, I don't really know much more. I haven't been there for 18 months - is it worth visitng - can you get access? I just have a real thing about service charges because at the moment all these developers are happy because they keep selling new developments off-plan and the money is rolling in (none of them, as far as I know, have escrow accounts for the clients money which is VERY concerning) but one day, when all is built and we are happily having BBQ's on our lawns, looking out over the golden sunset, the developers are going to realise they have run out of income and there's another source of revenue -- service charges. Let's face it, there is no precedent here, no law, no transparency - they will totally screw the villa or flat owners and then come back for more. Adel, I don’t really know much more. I haven’t been there for 18 months – is it worth visitng – can you get access?

I just have a real thing about service charges because at the moment all these developers are happy because they keep selling new developments off-plan and the money is rolling in (none of them, as far as I know, have escrow accounts for the clients money which is VERY concerning) but one day, when all is built and we are happily having BBQ’s on our lawns, looking out over the golden sunset, the developers are going to realise they have run out of income and there’s another source of revenue — service charges. Let’s face it, there is no precedent here, no law, no transparency – they will totally screw the villa or flat owners and then come back for more.

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]]> By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34057 Adel Wed, 09 Aug 2006 17:18:17 +0000 http://mahmood.tv/?p=2669#comment-34057 http://www.gulf-daily-news.com/Story.asp?Article=152011&Sn=BUSI&IssueID=29142 http://www.gulf-daily-news.com/Story.asp?Article=152011&Sn=BUSI&IssueID=29142

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]]> By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34011 Adel Wed, 09 Aug 2006 11:37:43 +0000 http://mahmood.tv/?p=2669#comment-34011 Actually the problem with Saleh Kamel was he wanted to develop a cheapo project where he would make a bundle and disappear. Just look at the water park he built, according to KFH they gonna scrap it and build a totally new one. Thank god he agreed to settle for $20M profit and get the hell out, I heard the Government where delaying the services to push him to do so. Actually the problem with Saleh Kamel was he wanted to develop a cheapo project where he would make a bundle and disappear. Just look at the water park he built, according to KFH they gonna scrap it and build a totally new one. Thank god he agreed to settle for $20M profit and get the hell out, I heard the Government where delaying the services to push him to do so.

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]]> By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34010 Adel Wed, 09 Aug 2006 11:28:33 +0000 http://mahmood.tv/?p=2669#comment-34010 Agree they had problems with the old developers Saleh Kamel. And yes there are service charges which is a good thing to maintain the standard of Durrat. How much ? we don't know yet, but I don't expect it to be cheap unfortunately. It should not be more than what is charged in Nakhla Dubai or the norm for Bahrain developments at the most. KFH is a 50% owner of Durrat so if the bridges rust they would replace them, it's their reputation and future earning potential at stake. Actually I'm happy to hear the Government is checking on them that's a bonus to me. Anything else you know about the project we don't know ? Agree they had problems with the old developers Saleh Kamel. And yes there are service charges which is a good thing to maintain the standard of Durrat. How much ? we don’t know yet, but I don’t expect it to be cheap unfortunately. It should not be more than what is charged in Nakhla Dubai or the norm for Bahrain developments at the most.

KFH is a 50% owner of Durrat so if the bridges rust they would replace them, it’s their reputation and future earning potential at stake. Actually I’m happy to hear the Government is checking on them that’s a bonus to me.

Anything else you know about the project we don’t know ?

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]]> By: Johnster http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-34009 Johnster Wed, 09 Aug 2006 10:40:00 +0000 http://mahmood.tv/?p=2669#comment-34009 Well maybe I should join you Adel, as your neighbour! But cynical old me, in Bahrain the proof of the pudding is very much in the eating. Durrat has had HUGE problems in the past. One quick question though - are there service charges? If so, is there any way of containing them? Also, note that the bridges between the islands were designed to a low spec which is why the government has refused to take over responsibility for those bridges and roads once they are built as they will just rust away. Well maybe I should join you Adel, as your neighbour!

But cynical old me, in Bahrain the proof of the pudding is very much in the eating. Durrat has had HUGE problems in the past.

One quick question though – are there service charges? If so, is there any way of containing them?

Also, note that the bridges between the islands were designed to a low spec which is why the government has refused to take over responsibility for those bridges and roads once they are built as they will just rust away.

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]]> By: mahmood http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-33988 mahmood Wed, 09 Aug 2006 05:31:28 +0000 http://mahmood.tv/?p=2669#comment-33988 Go for it! Go for it!

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]]> By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-33987 Adel Wed, 09 Aug 2006 05:16:51 +0000 http://mahmood.tv/?p=2669#comment-33987 Yes sure ya all welcome hope I'll have my own blog by then. Yes sure ya all welcome hope I’ll have my own blog by then.

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]]> By: mahmood http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-33978 mahmood Tue, 08 Aug 2006 19:46:56 +0000 http://mahmood.tv/?p=2669#comment-33978 excellent! and bil 'afiah. can we assume that you will host a bloggers' meeting at that splended setting and we'll bring the bbq stuff? ;) excellent! and bil ‘afiah.

can we assume that you will host a bloggers’ meeting at that splended setting and we’ll bring the bbq stuff? ;)

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]]> By: Adel http://mahmood.tv/2006/08/07/bahrain-resident-wins-the-hungarian-f1-grand-prix/comment-page-1/#comment-33959 Adel Tue, 08 Aug 2006 17:44:23 +0000 http://mahmood.tv/?p=2669#comment-33959 Yes I did, am very excited the beach is very nice and clean and the water is bluer than blue. there are 6 beaches 1.5 km long and 5 smaller ones. The best thing is you get a jetty in front of your villa and pool and the beach behind you, me thinks I no go for summer holiday next year will spend it in Durrat .....crossing both hands fingers and foot too. Yes I did, am very excited the beach is very nice and clean and the water is bluer than blue. there are 6 beaches 1.5 km long and 5 smaller ones. The best thing is you get a jetty in front of your villa and pool and the beach behind you, me thinks I no go for summer holiday next year will spend it in Durrat …..crossing both hands fingers and foot too.

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