Miscellaneous Questions: Post them here

[zombie]

the reason no one knows is because there really isn't much finance taking place, some property agents have tied up with some banks & are financing some buildings, also in CBD

[zombie]

The best thing to do is to take one of the fully furnished studio's on rent on a monthly basis. This turns out to be quite reasonable & is also good for families

[wayneis]

Thought we had already answered.... Banks are in the business of lending money so the majority of banks are taking the view that the money is not here they could make more money in other projects and or the risk factor is too high. There are other reason, a multitude of independent and previously unknown developers, a project that is behind sked, and the location to name a view.

I spoke to 3 different Banks and all said much the same thing about I.C. On the other hand banks are tripping over themselves to lend you money on high end Villa Projects even going so far as to lend 90% finance. This was unheard of several years ago It shows how the banks view this sector of the market.

[eyeC]

try taj palace hotel in deira good location near city center and a good family hotel

[Sunjay]

I have just received my handover letter from Profile DRE (Zero 4), the building owner, and they are wanting to charge me AED5000 for 'Handover service fee'. Has anyone else been charged these fees?

How else can I get my keys without going through a handover process?

[Razneer]

Originally Posted by Sunjay

I have just received my handover letter from Profile DRE (Zero 4), the building owner, and they are wanting to charge me AED5000 for 'Handover service fee'. Has anyone else been charged these fees?

How else can I get my keys without going through a handover process?

Sunjay

This fee is only applicable if you ask Zero4 to do the handover on your behalf.
You can do the handover yourself and avoid such costs if you wish.

[kauser]

Now that our apartments are nearly ready for handover and should be rented out soon, I was wondering if it is possible to remortgage the property with a dubai based bank or financial Institution. Has anybody thought about this and made any further enquiries. It would be good to pay the mortgage from the rent and release the capital to reinvest elsewhere!

[england_new]

You can get refinance,for existing property by amlakfinance

[Malaika]

In terms of getting finance or refinance for IC, it is quiet tough since even though the master developer is Nakheel there are no institutions that are willing to do so. Amlak does do it but the process is too long. If you property is not in one of the clusters but in CBD which in the Centeral Business District then there are a few banks that are willing to do so. Let me know if any more queries

[Don.W]

Hi Guys,

I am on the verge of purchasing a studio in France. The property still has not been handed over to the present owner (I was told it would take about one month for this to happen). If I purchase it now or even when it is handed over, what hidden costs do I have to pay?

I was told there was a 2% Fee from Nakheel and also another 2% fee from another developer. Is this true?!

Thanks in advance for your feedback...