Quote:
Originally Posted by General Trading
payment plans are over 15 years with developer interest of a couple of % a year - on my 780,000 it comes to 1.1m (maths isnt my strong point). the buyer will take over remaining payments and give you everything not outstanding, it just requires a signature on the contract. you dont need a UAE account and you dont need a visa. yes, you get contracts. you dont have to register anything as yet as the appt isnt built - dubai has changed that law and RAK may follow suit.
you pay 30% in the first 6 months with two payments and the balance every quarter.
dubai has an institution called RERA that regulates everything and they are talking to other emirates at the moment to help them with regulation. fortunately RAK isnt a gorilla market in the same way ajman or abu dhabi are but expect more changes soon.
happy to sell you my one bed right now for a very modest premium 
(sorry board staff but i really do need to shift it, i've been screwed by some medical bills - in fact, if any of you want it let me know 
mate, whether you buy mine or not - if you are serious about doubling your money i'd buy pacific (i DID buy Pacific) |
is that 780,000 dhs for a studio or a one bedroom? also as per SP if someone buys of you they can change the payment plan if they want to. so for example if i have gone for the 15 year plan and i decide to sell tommorow, the new buyer can either continue with the 15 year plan or they can go for the shorter plan but he will have to pay 1% processing fee for changing the plans.
you will get your contract quick. i got mine after i paid the booking fee and the 1st installment. so far been really happy with SP. they have sent me the contract and the reciepts on time. i dont know about overseas but since i live in UAE i have found them very professional. Even better then Emaar. I have signed my contract for my EMaar property and they promised to send it to me last week. a week has gone by and no reply.