Quote:
Originally Posted by aazain
I have finally gone ahead and confirmed a 1 bed unit for purchase in DG Meditteranean. I have paid AEd 100k as deposit for the unit, my concern is that the agent is telling me that the transfer will take with the building owner and existing unit owner and that Nakheel will not be involved in the process.
Is this how transfer of titles take place in DG? can some one shed more light on this process and what steps i need to take to ensure that i don't get cheated.
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I do not know much about the transfer process but find it strange that Nakheel should not be involved. This is a good question and I will find the answers through some of the agents in the market.
In the U.S. I am told sales like this also have escrow accounts where one deposits the money into an account without any fear of been cheated.
Roshan