[jwayne592]

I have just received a e-mail from my agent confirming charges that are to be paid before handover can take place and it doesn't make great reading:

- All outstanding payments on the original purchase of the unit.

- Registration fees calculated at the rate of two percent (2%) of the contract value for any unit not registered with Nakheel (additional charge 1).

- The first provisional service charge for the unit is calculated at the rate of AED10.70 (ten dirhams and seventy fils only) per square foot on the approximate six of built up as stated on page 1 of the SPA (sales and purchase agreement).

- 1.5% of the contract value per unit, payable toward Land Department title registration (additional charge 2).

- AED850 (eight hundred and fifty dirhams only) for each affection plan per unit (additional charge 3).

- AED3000 (three thousand dirhams only) per unit as fees towards facilitation and liaison with Land Department [AED2000 to Nakheel and AED1000 to building owner (additional charge 4)].

- AED120 (one hundred and twenty dirhams only) towards Dubai Land Processing fee (additional charge 5).

- AED500 (five hundred dirhams only) towards Dubai Electricity and Water Authority (DEWA), as share of common charges (additional charge 6).

- 2% additional charge for registration fee for any unit not registered at the time of handover to the building owner and an additional AED1000 is also payable in such a case towards administration fees (additional 7).’

As can be seen this equates to a substantial amount to be paid out.