Payment plan property purchase

Last activity 10 May 2024 by XTang

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WahabbashirMember09 May 2024 23:18:20

Hi,

I am looking at purchasing a property in Amwaj that has a payment plan with the developers directly.

the building is already built ready to move in.

just wondering is there anything I should be aware of any pitfalls anything else that I should be on the lookout for ? Does the transfer of title happen quick ?

I tried the search and didn’t find anything specific .

XTangBahrain/UAE/Saudi Arabia Expert10 May 2024 16:51:47

11760

It's a very generic question. As different developers have different policies and / or reputations. And I don't get the part about the title deed - if you fulfill all requirements for the deed then yes, the process is pretty smooth. The only pitfall is, as an expat, to get title transferred, you need to have a security clearance done. That is why I recommend people to buy the property vs. go on installments - to buy, the clearance happens before and installments, when you have paid everything. So if something goes wrong in the clearance, you are stuck.

Process here:

https://www.expat.com/forum/viewtopic.php?id=750635

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