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Old 06-05-2008, 12:50 PM
Kimo Kimo is offline
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Join Date: Apr 2008
Posts: 17
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Quote:
Originally Posted by Kimo View Post
Sure I did, still waiting for a reply. I am not sure about the UAE but my experience in Bahrain, penalties start when developer is late by six months.

Please do not be alarmed about the 18 months delay and penalties clause, if this is the norm in the UAE then I wouldn't be worried about it. I just thought to share with you my thoughts not to cause havoc. I am still positive about this development.

Kimo
I got a reply from Select Property. Well the usual political answer that you get when you ask about sticking points on a contract. Not satisfied but will sign and sell as soon as I get more than 50% profit margin, hopefully before completion date.

Kimo
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