Downfall of the World's Premier Real Estate Development Company

Emaar Misr Employee Brags About Delayed Financial Black Hole | September 24, 2009

Here’s a link to a pretentious little emaar employee who has the audacity to boast about the progress made on the company’s Marassi master plan in Egypt.

Tmallare states in his blog, “The job is progressing well.  The first major milestone was the beach club opening by the first of July.  All the naysayers said it would NEVER be done.”

That’s incorrect, all the naysayers said it would never be done by July of 2008.  And before that, all the naysayers said it would never be done by July of 2007.  (you did prove those of us who were betting that Emaar would make the intelligent decision of walking away wrong).

So, after four years of work, there’s a beach club, but there are no hotels, villas, golf course, retail, or spas.  Who’s going to come to your beach club?

I’m posting tmallare’s entry on my blog:

Oh yeah, that construction project!

Well, I HAVE been a little delinquent on reporting the status of our original mission to the Mideast/Northern Africa.  I will attempt, therefore, to enlighten you as to what Ron has been doing over here for the past year.  The job is progressing well.  The first major milestone was the beach club opening by the first of July.  All the naysayers said it would NEVER be done.  But, it was.  And it is gorgeous.   “It can’t be done” does not really exist in Ron’s repertoire of verbal phrases.  He accepted the errant analysis as a challenge and, with a dedicated team, it was accomplished.

The villas, townhomes and apartments are under construction, with the first of these to be occupied by September, 2010.  The model villas were completed and ready for touring during the selling season of July and August.  The golf course driving range is complete and nine of the eigthteen holes is scheduled to open in 2010, along with a golf academy.  The Ritz Carlton will be the  first hotel to break ground during the 3rd quarter of next year.  The marina is under design and will begin construction in the 1st quarter of 2011.  I will take more pictures as time goes on so you can see the progress.

This is the official description of the projectMarassi, an exciting new development owned by EMAAR. Maraasi site is located 125 kilometers west of Egypt’s second largest city – Alexandria, and 330 kilometers north of Egypt’s capital and largest city, Cairo. It is also only 5 kilometers west of El Alamein’s WW II historic relics and cemeteries.

The project’s strategic location relative to important cities of Egypt, its accessibility and proximity to transport nodes and linkages, its naturally beautiful site and its moderate climate, all make the project’s villas, Townhomes & Hotels, a year-round destination of choice for discerning world travelers and tourists.

The project covers an area of more than 6.25 million square meters in Northern Egypt, along the Mediterranean Sea at the Sidi Abdel Rahman Gulf.

Road and Infrastructure Construction - OngoingRoad and Infrastructure Construction – Ongoing
Construction Underway on VillasConstruction Underway on Villas
Public Entrance Under ConstructionPublic Entrance Under Construction

Marassi Beach Club Under ConstructionMarassi Beach Club Under Construction

Marassi Beach Club on Opening DayMarassi Beach Club on Opening Day
View From the Beachfront RestaurantView From the Beachfront Restaurant
Beach Club Lobby Looking Out Toward Entrance DoorBeach Club Lobby Looking Out Toward Entrance Door
Beach Club Entry/Welcome AreaBeach Club Entry/Welcome Area
Tiled Artwork in Beachclub LobbyTiled Artwork in Beachclub Lobby

Advertisements

Posted in Uncategorized

Leave a Comment »

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

About author

The author does not say much about himself

Search

Navigation

Categories:

Links:

Archives:

Feeds

%d bloggers like this: