KingPin

Regards your Morocco experience. Which developer stiched you up? I am also investing in both UAE and Morocco and would be keen to hear of your experiences.

Thanks
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What you think about CHAPAL WORLD developer I have offer for Chapal The Presidency 503psf 23floor and plus 25000for parking direct paying to developer what you think about this?

www dot shamitower dot com

This developer is selling at 450 AED/Sq ft in Emirates City

Hi Dubayyy,

I dont think I should say as I'm going through legal proceedings at the amount and it may not be prudent for me to say. Saying that, I was investing in Tangiers with a direct view of what will be the marina and it was centrally located on the Boulevard .
I would say read the contract very carefully. The contract I received was in French and only two single pages long. Compared to the ones I have had in the UAE all the size of books, it looked like an afterthought. Also, beware of all the variant clauses. Again you have them in the UAE, but in Morocco, they may really use them to their advantage. Beware of the hidden charges and the charges they assume you would know about. In a nutshell, make sure you get absolutely everything in writing, assuming definately made an ass out of me. I'm sure Morocco wll have some very good developments eventually, but only when they can rid themselves of the dodgy developers who have let the mess they made in Spain for new shores to crap on. Why dont you look at Ajman, it seems a safer bet and the prices are very reasonable?

Good luck and may God and a sharp Lawyer with you.

I wish people recognose quality and other intangible benifits of different plans - ETA star is agressive in setting the pricein emirates city - I talked with their execs and theysaid we set the prices in EC - for me it doesnt matter who leads the price as an end user i need my bang for my buck , i need a deal , value for money .450 i can get for any one any of the new projects from the single building develoipers on the EC project still some are selling in the launch phase -- quality would be suspect - will they deliver again a big question mark -- remember ajman has no escrow accounts you have no clue who is genuine who will run away with ur money

As far as the escrow accounts for ajman freehold property is concerned, I would like to bring to your notice that, R Holding is Handling the Escrow accounts for all the developers in Emirates City, Humaid City etc. and likewise in Dubai, Developer in Ajman also are compelled to open and comply with Escrow accounts policies

Thank you all for your diverse and detailed advice.
I have decided on a couple of apartments in Goldcrest Dreams 4 at the pre-launch price of 460 dhs per sqft which I have to say is a bargain.

Thanks again.

Congratulations on your good purchase Kingpin, if you are considering this area again I would suggest you to look at Al Zohara this is the largest new development within Ajman. It is a proposed new city being developed in conjunction with the government a development worth about $60 billion.

Don't forget to look into electricity issues. If I am not mistaken, Ajman gets their electricity from Dubai and not all of Ajman's new developments will be getting electricity. Those saying they will have electricity may be running temporary generators from what I have heard.

Yeah I have heard similar things aswell in Ajman with regards to unsustainable development in terms of power supplies. I know the Sheikhs are in talks with a number of private firms to supply power on a more permanent basis.

Regards
Paul