Thread: BADRAH Phase 2
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  #52  
Old 12-08-2008, 01:35 PM
Doobedoo Doobedoo is offline
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Join Date: Apr 2008
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Quote:
Originally Posted by AbbyDXB View Post
I went with the initial buyer to Nakheel where an Agreement of Purchase and Sale was signed and i paid a 10% installment to Nakheel (as well as the sellers premium).

I was then informed i would need to go back to Nakheel in 40 days in order to sign a new contract in my own name.

It was not done privately with the initial buyer.

Thanks for all your comments.
Hi - OK, then there's clearly no 30% rule on Badrah. This sounds fine as you have clearly done the transfer with Nakheel. Phase 1 didn't have a 30% rule and it is now possible to pick up contracts so I suspect all you are experiencing is a little delay. Cheers
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