UAE Property Investment Forum

Jumeirah Village Jumeirah Village is a freehold residential development that will contain over 6,000 villas and townhouses, set amidst luscious landscaping and unsurpassed leisure and lifestyle amenities. Another masterplan by Nakheel, all villas were sold out on the day of the launch. So, what investment returns have investors seen on this project? Has there really been a resale market for Jumeirah Village, and if so, have people made money? What problems have there been with the development? Discuss the issues here.

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974agk Offline
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Default Knightsbridge Development - 01-05-2007, 08:44 PM

Good Evening to you all Hope you are all well ?

Just joined this forum [newbie], hoping to find some queries answered as well as recieving good information from fellow forum members .

I have just put a deposit down on the Knightsbridge Court appartment and we are awaiting the first stage of the documents to arrive .Can anybody tell me if these should be checked over with a UK Solicitor ? [Will probably do this anyway] Rhumour has it that the company are legite enough and have agood reputation.

Has anybody had any advice on setting up an account to make the staged payments & is the contract exchange easy enough.

We have so many questions regarding the legal side of the transaction , but presume all will be okay.

The development in Knightsbridge look good on the website & Brochure although I cant find any info on the acwholding company & or Sky Investments

Krgds
Eck
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jay Offline
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Default Re: Knightsbridge Development - 01-05-2007, 09:24 PM

Hey there

Welcome to the forums......hopefully, you should get some good advice here!!

Re. your concerns, I would definitely recommend getting them checked by a solicitor to ensure that the contracts are secure and not one sided. Although, most of the contracts in Dubai are very one sided, and most developers are not willing to do anything about it.

But it doesn't hurt to get them checked over for your own peace of mind. The exchange process is very simple if you accept the contracts. A lot simpler than in the UK.

I've found setting up a bank account to be a little cumbersome, but that's just me. I know of some other buyers in Dubai who have setup bank accounts and have done it without any hassles!! Depends on the bank, I guess.

All in all, if the developers are reputed and the development is already under construction, you should not have any problems with it. But like I said before, appoint a solicitor and get them to check things out beforehand.

Good luck!
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974agk Offline
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Default Re: Knightsbridge Development - 04-05-2007, 07:07 PM

Thanks for the information , Didnt imagine it would be so hard to find a solicitor to which specializes in Dubai property purchase.

Have phoned over 15 in the Aberdeen area of Scotland to no avail , guess I will have to try further south.

Thanks for advice & if you can tell me of any decent lawyer , please dont hesitate to do so appreciate any advice .
Krgds
Alex
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shama Offline
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Default Re: Knightsbridge Development - 12-05-2007, 05:28 PM

Hey A Jst Paid Off 10% To This Devlopment For My Aprtment There Was Really Scared Tho Although I Did Do A Lot Of Reaserch On The Preoperty,skycom And Acw All In All It Looks Well But Nu Nevr Knw I Didnt Appoint A Solictor Tho A Think I Will Do It Now If You Have Any More Information Regarding Kngihtsbridge Court Please Lt Me Knwn As Its Very Worrying Buying A Property Abroad
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