Quote:
Originally Posted by moghal
Nakheel has confirmed to me, they are not paying any compensation to any one, since the contract allows them to extend the handover period to December 2007. They are now offering possession to all the buildings now and the question of compensation will arise if they fail to deliver beyond 31.12.2007. However some Building Owners are delaying to accept the handover being offered to them by Nakheel. This is either they are not clearing their dues or trying to extract maximum from the unit owners they have sold in turn. In the end we the small unit owners are suffering will continue to do so. As their seems to be no accountability in Dubai.
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France is on the way to be delivered.
By the end of June 90 % of the buildings should be hand it over.
I expect once this is over the prices to surge by 20 % .
Not bad, finally we can make some money from the smelling city