Discovery Gardens

[paul1970]

Any news on Discovery gardens handed over. Will it be handed over
by July end as promised.

Is DEWA connection ready or will it be delayed like International city.


Paul

[aazain]

Handover is in June / July and on schedule. I am not sure about DEWA but the last time i went there there was leectricity and water in the apartments.

[aazain]

I have finally gone ahead and confirmed a 1 bed unit for purchase in DG Meditteranean. I have paid AEd 100k as deposit for the unit, my concern is that the agent is telling me that the transfer will take with the building owner and existing unit owner and that Nakheel will not be involved in the process.

Is this how transfer of titles take place in DG? can some one shed more light on this process and what steps i need to take to ensure that i don't get cheated.

[Fran]

A friend is offering a studio at Terra Del Sol for 590 k - 60% paid and the rest at handover.

[paul1970]

what is the sq.ft area?, floor,with or withour balony?

[Roshan]

Originally Posted by aazain

I have finally gone ahead and confirmed a 1 bed unit for purchase in DG Meditteranean. I have paid AEd 100k as deposit for the unit, my concern is that the agent is telling me that the transfer will take with the building owner and existing unit owner and that Nakheel will not be involved in the process.

Is this how transfer of titles take place in DG? can some one shed more light on this process and what steps i need to take to ensure that i don't get cheated.

I do not know much about the transfer process but find it strange that Nakheel should not be involved. This is a good question and I will find the answers through some of the agents in the market.

In the U.S. I am told sales like this also have escrow accounts where one deposits the money into an account without any fear of been cheated.

Roshan

[aazain]

Thanks Roshan,

Please let me know what you find out from the agents in the market.

[paul1970]

The app. sq.ft rate is around 1200 Dhs. If you are paying cash , can get some other good deals in the market. Looks to me on a higher side.

Some one had taken a deal for 820 Dhs/Sqft for 1 BR.

The secondary market for Discovery gardens is slow and not tested. Since Tamweel had financed most of the buidlings, most of the buyers might be end users.
Please do your research and ask experts for their opiniun.

[Fran]

The offera at Gulf News are 620 k for the same.

[refles]

Hi everyone,

I am new to this forum but know Dubai pretty well as I already bought a flat in the Marina and have visited twice a year for the past four years.
I read all your posts which are very informative indeed. In my opinion the market is not going to crash any time soon but hey I don't have a crystal ball, right?!

I am now looking to buy a studio in DG after doing my homework on the web. In the small ads you can get one for approximately 600K which is already 60 per cent more than when they were first launched. My aim is to buy to let, no resale in the short term. Do you think it is a good investment? Also, I saw there were four clusters, is there one which stands out from the rest in terms of quality and location,
for example which one would be the closest to Ibn Battuta Mall?

Any advice appreciated.