BADRAH Phase 2

[Yasir]

Phase 3 will be launching round September or October .. if Any one Interested pm me.

Rgds
yasir

[Yasir]

Originally Posted by suas5

i was wondering what would be the premium for a 1 bedroom 1131 sqft with pvt garden /ground floor ?
as i possess one unit .

In Which Phase .. ??

[rg_andi]

I want to know when it is a good time to sell as I have a studio in phase 1

[Yasir]

Originally Posted by rg_andi

I want to know when it is a good time to sell as I have a studio in phase 1

Phase 3 is Gonna Launch in October or September .. If the Launch goes well .. which it shud .. i Presume its gonna be 30% premium but there might be less demand as the premium will be too high ...

[AbbyDXB]

Can anybody advise me on my current situation. I bought a unit Badrah phase 2 second sale and was due to sign the contract after 40 days. After contacting Nakheel I was told the contract was not yet ready and that they'd contact me.

it's now 2 weeks past the 40 days - no news from Nakheel.

Has anyone experienced similar things? I'm concerned as to why they're delaying the sign - over.

Thanks in advance for your comments

[Aryan Khan]

Originally Posted by AbbyDXB

Can anybody advise me on my current situation. I bought a unit Badrah phase 2 second sale and was due to sign the contract after 40 days. After contacting Nakheel I was told the contract was not yet ready and that they'd contact me.

it's now 2 weeks past the 40 days - no news from Nakheel.

Has anyone experienced similar things? I'm concerned as to why they're delaying the sign - over.

Thanks in advance for your comments

Well what contract you are talking about? Nakheel has given reservation forms to all its clients. And after 30% payment, the contracts will be issued and property will be transfered on the owners name.

Anyone has any other news on that?

[AbbyDXB]

Thanks for your reply, Aryan.

I've paid the initial 10% (as the second buyer) and am waiting to for contract which signs the property over to my name.

I'm new to this as was previously in London - it's a whole new system to me.

[Aryan Khan]

being the second buyer, you mst be having MOU between you and the 1st buyer. That is ok but to tranfer the property on your name, 30% payments has to be made to Nakheel. I am not sure if its 20% or 30% but after that u can get it tranfered.

Originally Posted by AbbyDXB

Thanks for your reply, Aryan.

I've paid the initial 10% (as the second buyer) and am waiting to for contract which signs the property over to my name.

I'm new to this as was previously in London - it's a whole new system to me.

[dubister]

Hi, Im looking for 2br, 3br townhouses in badrah. Any one interested to sell, please PM me. Thanks

[Doobedoo]

Originally Posted by AbbyDXB

Can anybody advise me on my current situation. I bought a unit Badrah phase 2 second sale and was due to sign the contract after 40 days. After contacting Nakheel I was told the contract was not yet ready and that they'd contact me.

it's now 2 weeks past the 40 days - no news from Nakheel.

Has anyone experienced similar things? I'm concerned as to why they're delaying the sign - over.

Thanks in advance for your comments

Hi AbbyDXB,

What agreement / MOU / POA did you set up with the seller? If phase 2 requires 30% to be paid before any subsequent sale, it would seem that you have paid 10% plus the premium to the seller on the understanding that you would make the next installments on his / her behalf (because the agreement is still in his / her name) and then he / she would transfer as soon as the 30% is paid. At that point no further monies would be paid to the seller.

The transfer takes place at Nakheel so I'm not sure why you have been led to believe that the transfer to you would take place in 40 days - I can imagine Nakheel will supply a sale and purchase contract in the sellers name within the 40 days but certainly not in yours.

The 2nd installment (10%) on phase 2 badrah is due in December and then 20% sometime around April (I think) so if the 30% rule is correct, the seller will not be able to transfer until April 09, thus you will not get the sale & purchase contract in your name until that point ie April 09.

Please let us know what agreement you have with the seller.

Cheers