Quote:
Originally Posted by Roshan
You have to get the title deed of your investment in your name.
I think that's the 1% that the developer charges and gets the apartment registered in your name.
Regards
Roshan
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Dear roshan ,
This was not mentioned in any of the papers I signed.
I believe I have been mislead . The developer told me that the contract for now is the offering paper that i fill with installments and all agreement terms and signed by the developer . I can sell the property based on these papers and it is a matter of paper work that takes about 2500 Dirhams as transfer charges and not a % of the value of the property , also isn't the whole building registered in the city where the building is located , lets say jumairah south, i was told that i get the final contract from the jumairah south village people ? or sports city? I know in my country , we have to go to court and register the property of i have paid all the installments , other wise it stays in the bank's name that financed the property for me . So I pay court charges and registration charges were 2% of the value of the property but now it is a fixed fee, to encourage people to invest and register thier properties, for before this law was imposed , a property changes hands 5 times and not even registered once .
please advice me .
I asked the developer for the contract and the developer told me that i will get it from the city and not him?????????????? their papers are all in order RERA, ESCROW I CHECKED ALL .
REGARDS