What insurance is available when buying from UAE? What should i do?

[Speedtek]

Hey there,

I will be buying a studio apartment offplan within a week. Im not sure what i should do to cover my arse?

If anyone could help, or give some ideas. That would be much appreciated.
thank you!
Alex

[sap001]

A good starting point would be to cover your "assets"!!!.

On a serious note, make sure you only make any payments into an Escrow Account with a developer registered with The Dubai Land Registry. That way the developer will only get paid monies upon reaching certain milestones.

kokni001

[Speedtek]

Hello,
The company is Esskay Property Developers

Im not sure how i can check up if this company is 100% legit. they are in Ajman not Dubai. So they wouldnt have the Dubai Land Reg???

Thanks... any help and or info is much appreciated!
Alex

[sap001]

Alex,

Google "RERA" which stands for Real Estate Regulatory Authority and then follow instructions by searching for your particular company to see if it is on their list. Good Luck

[Speedtek]

Hello,

Im looking for everything now. It seems i can't find much about this company should i steer clear from it??? Do many people try scam people outside of UAE in UAE?? I found there panflet at work ( I work at Melbourne airport ) inside a baggage container from DXB. So it seems to me they "appear" legit but are they really?? The email's sound professional but apparently there's no fee's which doesnt make sense.. i was reading up somewhere you NEED to pay some sort of Fee's in Ajman for the Govt. etc?

Thanks. Sorry for the questions
Alex