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Investors stuck with credit notes or cancelled projects by Nakheel

Discussion in 'Dubai property' started by Vak, Feb 23, 2009.

  1. Vak

    Vak New Member

    Dear Investors, If you have received credit note from Nakheel or Emaar against canceled projects than please contact me, i am looking for credit notes at typically 15-20% less (depending of the amount)

    Above offer is also valid for those whose installment is due against Lake district (type D & E only), Marina Promenade/Mina Rashid, Forbidden city. (Regardless of size, amount paid or anything else)

    We need to pay handsome amount to Nakheel in coming months hence this offer, it is in both parties interest.

    Any question please do not hesitate to e-mail, Pm or build this thread.

    vak1 (at) mac (dot) com
  2. Vak

    Vak New Member

    I have helped many investors so far.
    Looking for more credit notes to push towards my clients properties.
    please do not hesitate to contact me at anytime.
  3. Vak

    Vak New Member

    I need more notes to push into my clients properties to meet their payment commitment with Nakheel.

    I need about 7.1 million ASAP

  4. Mikerux8

    Mikerux8 New Member

    which developer are you talking about:confused:?? i just received an e-mail from nakheel (i'm an AF Quortaj phase 1 owner) saying that they have never issued such thing

    Attached Files:

  5. Vak

    Vak New Member

    consolidation is what they call it :) different name but same thing.
    if your property is deferred/canceled than SPA itself is a credit note, they have not issued any physical thing.
  6. financier888

    financier888 New Member

    Hi Vak

    I have never seen one of these 'credit notes' - is it a certificate??or simply a one page document etc? would you be so kind as to explain what these notes look like or scan an example? thanks
  7. Direct2Dxb

    Direct2Dxb New Member

    Would be interested in knowing what a "credit" refers to as I got the same email from Nakheel.

    VAK please explain...
  8. Vak

    Vak New Member

    Hi, there is no such thing as "credit note", If your property is deferred or canceled by Nakheel for example (Trump tower, Lake district D & E, Canal district, Dubai promenade, Jabel Ali village, Mina Rashid etc etc ) than your SPA itself is a document you need to transfer funds internally.

    there are few tricks which you have to follow to make sure your application gets approved.
  9. dr_property

    dr_property New Member

    Hi Vak,

    Are you looking for EMAAR property? We have credit notes from EMAAR Property...Will Lake District "B" work for you?

  10. Vak

    Vak New Member

    Thanks for your offer, i have enough Emaar funds for consolidation although if its more than a million in one property than i am interested, Lake district "B" is pushing forward with construction so unfortunately there is no option but to continue with your payment commitment with Nak hell.
  11. sabinfareed

    sabinfareed New Member

    credit notes

    Hi, we have 2 clients who have credit notes from nakheel.if you are interested please call 0097150-4520257, giving reference of message from sabeen,
    rgds sabeen

  12. gunjan1010

    gunjan1010 New Member

    Lake District BLock B

    Hi Vak

    I've visited Nakheel office recently and they have informed me that they are accepting consolidation even for Block 'B' (Sallal) for Lake District. I've a unit registered in my name and would like to offer for consolidation.

    Lets discuss further. [email protected] com

  13. Vak

    Vak New Member

    you are right, they are taking/accepting consolidation for Sallal, which means you can move funds into your Sallal unit account but you cannot take funds FROM your Sallal unit.

    A client of mine applied for consolidation three months ago from his LD type "D" unit, only because he owns two more units in Sallal "B" his whole consolidation is delayed, finally he transferred both Sallal units in his wife's name, and now the case is resumed.

    please e-mail me your unit details, i will check with Nakheel tomorrow.
    [email protected]
  14. nat_gillet

    nat_gillet New Member

    Hi Vak,
    Can we get in contact as soon as possible today about these credit consolidations from Nakheel? 0503919361
  15. waterworld

    waterworld New Member

    Nakheel credit is getting more and more interesting, however keep in mind, Nakheel credit is being traded in two methods.
    - Cash on Transfer (Where the money is being transferred on the transfer of property) this is usually at 50%.
    - Cash on Approval (This is where the manager check is being held by a lawyer and the manager check is only released on sucessful application of credit. This is being traded at about 60-65%

    There are issues with the on approval process, as it involves a few factors that the consolidation team takes into account. In general, the approval process has gone a lot better than it was over the last couple of months. We have seen a lot of our approvals come through, however please do be cautious, there are lot of people out there in the market, who one should be careful in dealing with.
    We would be happy to guide anyone if required. You can give me a call at 050 856 5256
  16. sheikh

    sheikh New Member

    Lake District "B"


    I have 3 lake district units in building "B" available for consolidation. Please let me know incase you are interested.

    Look forward to your response.

  17. Vak

    Vak New Member

    very much, received your message, will ring tomorrow being Saturday to discuss and close all three units with you.

  18. sally_hsu

    sally_hsu New Member

    can emaar credit note be consolidated into Nakheel projects? i have emaar credit note to sell...
  19. Vak

    Vak New Member

    No you cannot, please PM me the details of your Emaar unit
  20. dorissai

    dorissai New Member

    val, will you buy my minc fund ? dorissai.
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