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Nakheel asks buyers to pay cash
- United Arab Emirates: Saturday, August 22 - 2009 at 11:16
Nakheel is asking investors using credit transfers for property purchases to top up their payments with cash, The National has reported. According to brokers, Nakheel has allowed investors in delayed projects to sell their downpayments to other investors who have already invested in other Nakheel developments through credit transfers. Brokers say it no longer allows customers to use credit transfers alone to fund instalments, and demands 30% of the payments to be made in cash.
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