Quote:
Originally Posted by x5i  Hi All companies need to be registered within UAE/Dubai to develop projects. Al Masah are registered in JAFZA, which is a freezone, which means companies registered within this freezone or any other get tax breaks.
A lot of real estate companies will be registered in free zones, so that iitself should not be a worry.
the key thing you want to look for is RERA registration for the developer and RERA approved escrow accounts for the development you want to buy into.
It does however seem that you are a little bit worried in which case i would say forget about investing in this project you would rather the peace of mind.
Personally I have bought from Dr Talebi a couple of floors in a project, this deal was done by the book and is already in the market for re-sale. Send me a pm if you need more advice. |
Hello there
You mentioned that every thing was done by the books
maybe you will in a position to explain the following
I purchased in jouri 2 last year for a x amount,and was give my contract last month,when i saw the purchase price it was x + 70k dhs,when i called my agent who then asked al masah they explained that there was a diffrence in the size of the studio from the original plans to the new plans ,hence inflating the price by 70,000 dhs,what non sence,
The contract is still in dispute,so it looks like they are trying to squeez extra money by saying they have increased the size of the studio by a few sq m,
Has any body else experienced this.