Credit & Consolidation in Dubai

With the downturn of the Dubai real estate market, many developers regardless of size are delaying or cancelling projects leaving many people wondering what will happen to their investments. Allow W2 Realty to help you consolidate your investments or find the perfect buyer or seller for you.

W2 Realty can help you transfer the investments you have already made with Emaar or Nakheel using their respective credit note and consolidation services.

Emaar Credit Notes, Credit & Consolidation

Due to lack of demand Emaar has delayed or cancelled a number of projects which had not commenced construction. To compensate people who have already invested in these projects Emaar offers them a chance to use that payment towards a future Emaar development or an existing Emaar property. These services are referred to as Emaar Credit, Emaar Credit Notes or Emaar Consolidation. Clients can either move their investments or sell their credit notes in the open market at a discounted value.

If you are looking to buy a credit note or sell one, we can help you get the best possible price. Our experienced consultants will guide you at every step of the way to ensure a smooth transaction:

·         Analyze and understand your current portfolio and short/long term needs

·         Review all documents and papers to ensure completeness

·         Match requirements with ideal buyer/seller for best price

·         Work with respective Emaar personnel and third parties to execute transactions

We also give all our clients updates and notifications regarding any changes to the Credit procedure to ensure that you always have the complete and up to date information at your disposal.

Nakheel Credit Notes, Credit & Consolidation

Nakheel like other developers has also delayed or cancelled a number of its projects. Similar to Emaar, Nakheel is also offering credit notes which are referred to as Nakheel Credit, Nakheel Credit Notes or Nakheel Consolidation. It is very important to use a good agent when dealing with Nakheel credit notes as ambiguity in terms and conditions can leave you vulnerable and easy to exploit. W2 Realty can help you with our experience and knowledge to ensure your investment is safe and sound.

Current list of Deferred/Cancelled Projects

 
With Nakheel stopping transfers on cancelled projects the only way for people to get back their investments is through a process known as Third Party consolidation. In this process the seller relinquishes all rights to the property along with the payments already made. The buyer pays the seller a pre-negotiated price for the property. The total transaction time is 4-6 weeks. We advice our clients to ensure that the payment to sellers is made at the time of settlement to minimize the risk. In certain situations, W2 Realty can help in locating not only a buyer or seller for you but also an agent that would provide an escrow account to further mitigate risk.

The Credit Note and Consolidation process has given rise to a large number of opportunists that are looking to earn a quick buck by exploiting people’s lack of knowledge. By working with W2 Realty you can rest assured that our goals are aligned with yours and that client success is a fundamental goal.

Whether you are a buyer or a seller, our core principles of transparency and professionalism will ensure that you have a smooth transaction and a pleasurable experience.