15 January, 2009

Stop trying to fly through the glass!



Love this town.

Last sunday Nakheel declared that all Shoreline transfers were on hold as they were finlly sending the details off to the Land's Department for Registration. This means that any sales done now will not be transferable until the Lands's Department issue a Title Deed to the seller who can then sell it to the new buyer. If I tell you that some signature Villa owners have been waiting for their title in excess of one year you will understand that we are a little concerned as to how we can keep trading the Shorelines.
48 hrs later the answer has appeared from our little terriors out there. Easy sir "the seller needs to give the buyer power of attorney and the buyer will give the seller the full funds and if the buyer is a little nervous still then the seller can issue a security cheque. If they are both still nervous then they can get a lawyer to do it instead of us' sir.' Read it again it does make sense!
I am happy to admit that i am the fly that keeps trying to fly through the glass. In Dubai people amaze me sometimes as to how much money they will commit without the usual belt and braces but at least we can offer a solution and keep selling Shorelines.