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Old 19-02-2008, 02:05 PM
dubailover dubailover is offline
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Join Date: Feb 2008
Posts: 36
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Quote:
Originally Posted by muqarabin View Post
Rammah,

1 Not sure the exact size but from the marketing email I got quite spacious.
2 Some have see views and others dont, the ones that were being offered to me were on the fifth floor with sea view at £65K
3. La Hoya Bay doesnt seem to have rental guarantee
4 My agent said to me 30% deposit and 70% interest fee mortgage at completion, which is why they all sold out like hot cake.

Unfortunately I dont have much funds so I couldnt go for it.

The booking deposit is 5000 dirhams, ( divide dirhams by 7.2 to get in pounds ),

then they want 15% of the purchase price by the end of the month.

then 15% 6 months later...

then 70% on completion.

In plain english you will pay approx 57000 for a studio, sea/pool view if you are quick enough.

I purchased yesterday, and there were a few odd studios available.

I am in RAK at the moment, let me know if you need more info.


PS the prices go up on 1st march by 7%, thats offical developer speak!!

My agent in RAK is brilliant, let me know if you want to secure anything.
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