View Single Post
  #97  
Old 03-07-2007, 07:18 PM
ahadisallah ahadisallah is offline
Junior Member
 
Join Date: Jul 2007
Posts: 1
Default What is the safest way of money transaction while closing a deal?

Dear Friends,

I am coming in Dubai to sell my freehold property but I do not know the mode of money, I am supposed to accept while closing my deal?

Dubai is a place of smart people and people can rob me, if I do not do my things in the way they are supposed to be done!

Am I allowed to open my own account in one of Dubai banks, even if I am on my transit visa as I am not a resident of UAE?

Shall I accept a “pay order”, a “Draft”, a “cheque” or what?

I may be signing a sale deed and after I had signed in Nakheel office, the other guy would be sitting in the plane running out of Dubai with my money while I am left with a fake draft when I go bank to take the money?

I heard that before Nakheel office registration, dealers are getting the “Power of Attorney” from the freehold owners and giving the money to the owners, at the spot, while taking care of everything else by themselves.

This is great but I could end up in finding a bad guy?

Please advise and thanks over extending your helping hands