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Every Buyer is an End Buyer ?

Discussion in 'Dubai property' started by shahrez_khan, Aug 24, 2008.

  1. shahrez_khan

    shahrez_khan New Member

    Did anyone else come accross this situation.

    " From now on every buyer would be treated as an " End Buyer" for every transaction. "

    Which means every buyer would go to RERA to get registered.

    Is it true. Is this the case.

    Regards
     
  2. djaan

    djaan New Member

    No just in case of Loan you have to register you property in the Rera but if you dont want any
    Loan and want to flipp the property i dont think you have to register your property in the Rera.
     
  3. shahrez_khan

    shahrez_khan New Member

    Thanks for your reply.

    I know about new mortgage law but this one refers to normal/fliping transactions.

    From now on every buyer needs to get register with RERA. Perhaps they want to control flipping/speculation.

    Procedure described to me from a friend states that

    new buyer/investor will get SPA and will go to RERA and after registration he will get a transfer form and will pass it on to the developer. Only then he will be considered as " Unit Holder".
     
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