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Metropolis Lofts / Contract Advice

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  #1  
Old 12-01-2008, 09:12 AM
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Default Metropolis Lofts / Contract Advice

Metrolpolis Lofts

Last edited by metlofts; 13-09-2008 at 10:27 AM.
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  #2  
Old 15-01-2008, 05:18 AM
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Originally Posted by metlofts View Post
Hi,

Any advice would be welcomed.

We have bought a studio in Metropolis Lofts (JVS) and i think the developer is a company called UKCIG. Does anyone know how trustworthy UKCIG is?

We have currently paid 30% with a promise of a sales contract at 25% which i believe is normal. However, no contract has been issued with the excuse they are waiting for their Escrow account details before accepting anymore payments or issuing the contracts.

Is anyone else in a similar situation to this? My 40% payment has become due but my agent (Casa Dubai) say they will not request or pay anymore payments until the developer has their escrow accounts details.

Thanks,

Roy
Roy,

Have you bought from the primary or secondary market ?. If it's from the primary market, most of the developers have a contract ready within the first month of booking. 2 such deals of mine had this kind of arrangement.

Some developers go by the booking form and a contract is given mid way through the project. 1 such deal of mine has this kind of arrangement.

I have not heard of this developer and might not be able to omment on it. But the approved developers list is put out by the real estate authority RERA. See if he figures in that list.

It could be that each developer has a particular way of dealing. Besides the above there is nothing much I can say.

Regards

Roshan


If your agent has not given
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Old 13-09-2008, 07:15 AM
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Originally Posted by metlofts View Post
Metrolpolis Lofts, Dubai, . uae uae uae uae, met lofts, metropolis, casa casa
Roy,

Have you received your contract todate after payment of 30 % of price.

Alimha
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Old 13-09-2008, 10:27 AM
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Default Contract Metropolis Lofts

Hi Alimha,

Yes i have received my contract which i have signed and returned in person before UKCIG moved address. I bought primary offplan.

Obviously everyone's worry is that the delay has been massive and still no construtcion updates as yet but as soon as construction starts that'll be a massive weight of investor's minds.

My unit is 472sq ft Studio and it's currently on the resale market with my chosen agent.

Thanks,

Roy
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Old 13-09-2008, 05:32 PM
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Roy,

Thanks for your response. Why are you selling at this time.....I am told you get a better price once the Project is completed. What is the current market price for the Project?

I have attached a recent news release from UKCIG agent in London UK to investors.

Regards.....Alimha, Alberta, Canada

PS : I would like to be in touch via email....how can I provide you my email to you privately?
Attached Files
File Type: pdf BERKELEY ESTATES CLIENT'S.pdf (99.2 KB, 40 views)
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Old 13-09-2008, 06:07 PM
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Hi,

If anyone wants to contact me via email then i can be reached info at optihost dot co dot uk

Thanks,

Roy
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