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received a call from SP a couple of days ago, informing me that construction will start within days. the island has been ready for some time, but it was necessary to wait to make sure there was no movement before moving onto site. the construction contract has been awarded and soil testing and...

you certainly do NOT have to pay 15 yrs interest if you settle earlier, you just pay the outstanding balance+interest at the time you sell. i assume this is 15yr plan from select property...if so, they give you a detailed payment schedule which outlines exactly how much you have left to pay at...

it has been well publicised that there are problems in the northern emirates about supply of utilities, you can easily find the info on this and other forums or just google it. i'm not saying that the government are not improving the infrastructure, they are, but it won't appear overnight. yes...

i'd say get in while you can (needless to say i have already). i'm not sure myself how important this award is, but i'm sure it will get a lot of coverage and will promote pacific, so can only be great for investors in pacific.

you can check out the RERA website for registered developers/projects. http://rpdubai.ae/rpdubai/home.jsp?lang=0

hi i have invested in a studio in pacific, so clearly i like this development. i think the prices are slightly higher than some of the others on al marjan, but you get things like parking included, and don't underestimate the private beach. (the public section of jumeirah beach is a rubbish...

it is not an extension of the dubai metro, but the emirates rail network which is planned to connect all of the seven emirates. u can google it and there is info there. try Sheikh Saud briefed on UAE railway network project | Government of Ras Al Khaimah

that is my plan too (but am hoping for a bit higher ;) ). also in that time period, although there is interest as you say on the 15yr payment plan, it doesnt amount to too much extra by the expected completion date.

what was the reply you got from SP?

found out today from SP directly that there are only 4 studios left in 'Bora Bora'. in addition 8 studios were added to the plans for 'Tonga', and there are only 2 of these left. so 6 studios left in the whole development.

does anyone know about the water and electricity problems in the northern emirates? do you think this will affect RAK and al Marjan in particular?

that is really interesting to read, good work roshan! regarding transfer/registration fees, if you're contract already stipulates that there is a percentage fee (eg 2%),would this still stand regardless of any new rules coming in? would a new rule only be valid for contracts which are drawn...

so you would predict that if the dollar goes down, we should get more dirhams for our pounds. sorry if this is a stupidly obvious question. i am hoping to see a rise by sept which is when my next installment is, i'd be happy with something around 7.5!

how likely do you think it will reach 8Dhms per GBP?? Seems to be struggling around 7.2-7.3 for the last couple of months.

i was told a couple of weeks ago that studios in samoa were sold out. not sure about the other building which has studios.

hi i checked with the inland revenue and they told me that all i would pay is capital gains tax (18%),which you declare on your tax return form, when selling the property. as a UK citizen you must pay tax on your worldwide capital gains. BUT you do NOT also have to pay income tax, even if you...

no problem. out of interest, what do you think of pacific? any interesting you could share which we might not know?

i think he meant that he wanted valuable info and then came to this forum and found it, then made his purchase. ;)

im in the UK and used a currency exchange broker. i registered with both First Rate FX and Smart Currency Exchange, (which is free to do) and i went with Smart since they offered me the best rate. i've also read comments from other people on other forums who have used Smart and they also say...