Ok let me just say to all the morons who comment and did not purchase at the Pearl not to comment. However on the subject yes handover has been delayed by all developers whether you bought from UDC,THE LAND, SABBAN,FIRST QATAR etc..
This is how it works if you bought from UDC you had to give 20% deposit and 80% on completion (Good luck if you these people who still need to apply for mortgage sine the banks don
t give it freely anymore) If you bought from developers they all have their own criteria as long as you were approved ny the bank.
As far as I know certain banks charge you interest on amount paid to developer to date. So if your apartment is delayed you totally screwd because this amount is almost equivalent to your mortgage repayment.
Yes there is problems with regards to the local Water and Electricity firm and Qatar Cooling(whicj i find strange) However if Qatar want to host anything like the World Cup or Olympics the will bid for it in 2020 and host it in 2024 because they are about 4 years behind wuth everything, but claim the 4 years ahead of everything.
Sometimes I think the Gulf Countries live in a Fantasy World and I hope they learnt as to what happened to Dubai..they tried to run before the walk. Qatar won't get there because they still trying to crawl.
To all those who bought at the Pearl good investment bad timing.
Ok let me just say to all the morons who comment and did not purchase at the Pearl not to comment. However on the subject yes handover has been delayed by all developers whether you bought from UDC,THE LAND, SABBAN,FIRST QATAR etc..
This is how it works if you bought from UDC you had to give 20% deposit and 80% on completion (Good luck if you these people who still need to apply for mortgage sine the banks don
t give it freely anymore) If you bought from developers they all have their own criteria as long as you were approved ny the bank.
As far as I know certain banks charge you interest on amount paid to developer to date. So if your apartment is delayed you totally screwd because this amount is almost equivalent to your mortgage repayment.
Yes there is problems with regards to the local Water and Electricity firm and Qatar Cooling(whicj i find strange) However if Qatar want to host anything like the World Cup or Olympics the will bid for it in 2020 and host it in 2024 because they are about 4 years behind wuth everything, but claim the 4 years ahead of everything.
Sometimes I think the Gulf Countries live in a Fantasy World and I hope they learnt as to what happened to Dubai..they tried to run before the walk. Qatar won't get there because they still trying to crawl.
To all those who bought at the Pearl good investment bad timing.
I am one of the unlucky ones.