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Emaar changing payment plans for oof plan projects?

Discussion in 'Dubai property' started by salbeh99, Oct 25, 2008.

  1. salbeh99

    salbeh99 New Member

    hey ,
    I heard from someone in emaar that the company is looking at providing more flexible shedule payments since a lot of buyers are stuck with their installments.Most of the payments are due on ocotber and november so the company is offereing 5% instead of 15 %.( or no penaly for late payment) anyone can confirm and are other developpers doing the same approach???
     
  2. georgihh

    georgihh New Member

    I will not be surprise if they give you a gift with the next payment
     
  3. faheem2241

    faheem2241 Guest

    i want to sell my emaar bawadi asmran villa any one intrested?
     
  4. sasherwani2

    sasherwani2 New Member

    I have also heard that Emaar will be refunding 90% of the first installment incase an individual fails to pay the 2nd installment. It might be just a rumor. The deal is if Emaar has too many reposessions in Nov-Jan because of nonpayments, it will severely hurt Emaar's image not because Emaar is re-sellable but because Emaar is highly overpriced.
     
  5. rudeboy

    rudeboy New Member

    faheem i know someone who has been trying to sell there bawadi villa since it was launched till now no luck.
     
  6. PropGuy

    PropGuy New Member

    I checked with them, they are extending payment delay up to 2 months with PDC cheque.
     
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