The SELECT thread... - Page 3

foxy · April 13th, 2011, 12:52 PM

Seems that the first step is to set up an IOA. how do we do that?

CAJ · April 13th, 2011, 02:04 PM

I have just received Handover Notification from 1st May for my Floor 73 appartment

Sheltie · April 13th, 2011, 02:10 PM

Has anybody had notification for low floors. We haven't yet and are on floor 12 (was 6). May take a couple of days longer to reach us.

Dubai_Steve · April 13th, 2011, 02:29 PM

I got email notification today, no post yet.

Sid · April 13th, 2011, 02:31 PM

no notification yet. im on 27th (21st old floor numbereing)

ab31 · April 13th, 2011, 03:39 PM

Rider - some of those warnings about Select on my PM's beginning to make sense now!!!

MORRIS DANCER · April 13th, 2011, 03:39 PM

Quote:

Originally Posted by Dubai_Steve

30 days from when 1st May or when you receive your handover notice?

Also, there are charges of AED 3000 to pay for oqood admin fee, even though the 1% law 13 fee has already been paid.

plus 1110 DEWA deposit and connection fee.

Yes, got my e-mail notification too. I'm on 34 and 47th floors handover starting on 1st May,

Also asked to pay my OQOOD fees of AED3000 but done this already back in 2009. Here we go!

Gentlemen to bed, for tomorrow we do battle at........err what times the battle? 10.30ish..

scoobudubai · April 13th, 2011, 03:42 PM

Quote:

Originally Posted by scoobudubai

Please refer to clause 10.1..YOU MUST accept handover within 30 days max....etc
Is this valid? If one accepts handover, is it available -immediately- to occupy?

If one is on the LPP and decides to sell now, I calculate that there will be a loss of 30 percent on all monies paid to date, based on the pre-pay balance due to select. Also based on the value of the apt being the same as it was 5 years ago.

Is this correct? or is there some other way to effectively have all monies paid to date returned?

shakka · April 13th, 2011, 03:49 PM

Quote:

Originally Posted by Sheltie

Has anybody had notification for low floors. We haven't yet and are on floor 12 (was 6). May take a couple of days longer to reach us.

Got mine by courier today email last night. Ive got a blank where goodwill amount is. What is goodwill amount? Is this the money re late delivery?

Anjam · April 13th, 2011, 03:56 PM

Anyone looking to go to Dubai in May from the UK, Qatar airways doing a 2 for 1 promo. Not looked at details or T&Cs yet though

Anjam · April 13th, 2011, 03:57 PM

Quote:

Originally Posted by shakka

Got mine by courier today email last night. Ive got a blank where goodwill amount is. What is goodwill amount? Is this the money re late delivery?

Yes. Were any of your payments late (significantly) ? I would chase them up.

Anjam · April 13th, 2011, 03:58 PM

Quote:

Originally Posted by Anjam

Yes. Were any of your payments late (significantly) ? I would chase them up.

Also look out for repeat OQOOD fees as many have already paid them.

Dubai_Steve · April 13th, 2011, 04:18 PM

I got about £1000 in goodwill payments knocked off the bill for a 2 bed.

Beppe786 · April 13th, 2011, 04:32 PM

they prob charged you £2000 more and then given you £1000 goodwill off

Rider · April 13th, 2011, 04:38 PM

Have any SPP investors received anything yet?

A final statement should be issued showing the final 10% due plus the service charges. Wonder if the goodwill payments will be the same for LPP and SPP investors.

I imagine an IOA can't be formed until all apartments are handed over.

Sid · April 13th, 2011, 04:39 PM

Will the 'goodwill' payment amount differ if your on SPP vs LPP?

Beppe786 · April 13th, 2011, 04:41 PM

so you should get more if your on the SPP ?

Rider · April 13th, 2011, 04:49 PM

It should be calculated in line with the terms of the SPA but this went out the window when the FM claim was made. If it's now discretionery then it should be done based on capital payments made to date which means SPP should get more (having paid 90% years ago) but remember who we are dealing with here.

Dubai_Steve · April 13th, 2011, 05:02 PM

LPP buyers have paid approx 67% so far of the total original launch price (price without added interest).

shakka · April 13th, 2011, 05:20 PM

Quote:

Originally Posted by Dubai_Steve

LPP buyers have paid approx 67% so far of the total original launch price (price without added interest).

Wouldnt it be great to be able to opt out of LPP.

I have paid every quarter but they seem to claim continously that it is 50 AED short due to my currency exchanger even though we know its there bank. I'm actually in credit to combat this.

April 13th, 2011, 04:32 PM	#54
Beppe786 Registered User Join Date: Sep 2007 Posts: 1,361 Likes (Received): 0	they prob charged you £2000 more and then given you £1000 goodwill off __________________ “You can't build a reputation on what you are going to do.”

April 13th, 2011, 04:41 PM	#57
Beppe786 Registered User Join Date: Sep 2007 Posts: 1,361 Likes (Received): 0	so you should get more if your on the SPP ? __________________ “You can't build a reputation on what you are going to do.”

April 13th, 2011, 04:49 PM	#58
Rider Registered User Join Date: May 2006 Location: Stockholm Posts: 285 Likes (Received): 0	It should be calculated in line with the terms of the SPA but this went out the window when the FM claim was made. If it's now discretionery then it should be done based on capital payments made to date which means SPP should get more (having paid 90% years ago) but remember who we are dealing with here. Last edited by Rider; April 13th, 2011 at 04:56 PM.

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April 13th, 2011, 12:52 PM	#41
foxy Registered User Join Date: May 2007 Posts: 245 Likes (Received): 0	Seems that the first step is to set up an IOA. how do we do that?

April 13th, 2011, 02:04 PM	#42
CAJ Registered User Join Date: Feb 2010 Location: YORK Posts: 71 Likes (Received): 0	I have just received Handover Notification from 1st May for my Floor 73 appartment

April 13th, 2011, 02:10 PM	#43
Sheltie Sheltie Join Date: Feb 2006 Location: Shetland Posts: 493 Likes (Received): 0	Has anybody had notification for low floors. We haven't yet and are on floor 12 (was 6). May take a couple of days longer to reach us.

April 13th, 2011, 02:29 PM	#44
Dubai_Steve Dubai State of Mind Join Date: Jan 2005 Posts: 8,708 Likes (Received): 40	I got email notification today, no post yet.

April 13th, 2011, 02:31 PM	#45
Sid Registered User Join Date: May 2005 Location: London Posts: 140 Likes (Received): 0	no notification yet. im on 27th (21st old floor numbereing)

April 13th, 2011, 03:39 PM	#46
ab31 Registered User Join Date: Jun 2009 Posts: 64 Likes (Received): 0	Rider - some of those warnings about Select on my PM's beginning to make sense now!!!

April 13th, 2011, 03:56 PM	#50
Anjam Registered User Join Date: Dec 2006 Location: Reading Posts: 783 Likes (Received): 0	Anyone looking to go to Dubai in May from the UK, Qatar airways doing a 2 for 1 promo. Not looked at details or T&Cs yet though

April 13th, 2011, 04:18 PM	#53
Dubai_Steve Dubai State of Mind Join Date: Jan 2005 Posts: 8,708 Likes (Received): 40	I got about £1000 in goodwill payments knocked off the bill for a 2 bed.

April 13th, 2011, 04:38 PM	#55
Rider Registered User Join Date: May 2006 Location: Stockholm Posts: 285 Likes (Received): 0	Have any SPP investors received anything yet? A final statement should be issued showing the final 10% due plus the service charges. Wonder if the goodwill payments will be the same for LPP and SPP investors. I imagine an IOA can't be formed until all apartments are handed over.

April 13th, 2011, 04:39 PM	#56
Sid Registered User Join Date: May 2005 Location: London Posts: 140 Likes (Received): 0	Will the 'goodwill' payment amount differ if your on SPP vs LPP?

April 13th, 2011, 05:02 PM	#59
Dubai_Steve Dubai State of Mind Join Date: Jan 2005 Posts: 8,708 Likes (Received): 40	LPP buyers have paid approx 67% so far of the total original launch price (price without added interest).