To Waynies,
I totally agree with you what Nakheel is doing is not fair the service charges are very high and the way they are dealing with unit owners are another mess specially they made transfer of unit very complicated. Make sure you will take the building owner at the time of transfer other wise you will not be able to transfer the unit. Half the staff in Nakheel office is unaware of the law them self let alone they help you with any information. But here is the facts.
Look at it this way that Free hold property market in UAE is very young there is no set law for doing any thing here on top Real estate agents made a mess by passing wrong information around, every thing is in a making phase, that cause frustration among those who are over seas and belong to an establish real estate markets. Dubai Property market need more time to establish. They are doing what in there hands. I visit Nakeel office at least twice every week and I see they are trying there best but they can not come over it yet as law is changing every day and this will take time to settle. Now come to your investment return. Originally 1 bed flats booked from 3K were you have only paid 15% to 20% on the booking today your property is worth 430K that is more then 40% return. don't forget you have paid in installment.