No sale contract???

• Hi there,
  I wish to buy an apartment in Dubai. It's construction is yet to start. The builder has requested for payment in phases, but at the moment the sale contract does not exist, the builder says it will be ready in 4 months. Should I go ahead and pay the 1st instalment?

  22 Mai 2007, 07:05 Isaak

Antworten

• Escrow account

  yes you can pay any installment the developer asks for , but in escrow account only , otherwise you might face what happened in businessbay last year , or marina at 2005 , when the developer just took the money and went out !!!

  Ahmad 02 Aug 2008, 08:52 - Verstoß melden

• Hi

  I am also stuck in a same position but have paid 20 % in August'08 itself but now developer is not even talking about sale and purchase agreement. I have stopped payment now but don't know what will happen next.

  Abhi 08 Mär 2009, 04:12 - Verstoß melden

• Problems with your investment in Dubai? We will help you.

  We are a German company in Dubai and we work with German and local lawyers to help people, who invested in Dubai and having problems with the company. We can change flats, which are until now not build into flats ready to move in. For more information please call us:
  
  Bavarian mountains
  Dubai-Deira
  phone: 04-2225622
  (english, arabic, german)

  Bavarian Mountains Dubai-Deira 06 Mai 2009, 01:17 - Verstoß melden

• Bavarian Mountains - contact details

  Bavarian Mountains
  Radisson SAS Hotel Dubai-Deira
  Baniyas Road
  14 th floor, office 14 J
  phone: 04-2225622
  [email removed]
  
  We will help you, if you have problems with your investment in Dubai. Just contact us.

  Bavarian Mountains 06 Mai 2009, 01:21 - Verstoß melden