Distress I Hot Deal I Pool View| As Brand New
Property description:
Original Price was AED 1.2M
As Brand new property, Handed over last October,2022 in higher floor :
Pool View , Sky Line View, Community View
Market Price : AED 1M
Rented in two Payments AED 50K
Agent Fees AED 25K
Payment Conditions : Cash
- 1 Bedroom
- 2 Bathrooms
- Kitchen with full appliance
- Built-in Wardrobes
- 1Parking
- BUA: 668 Sq. ft
Amenities & Facilities
- 24 HOURs Security and CCTV cameras
- GYM and Swimming Pool
- Bus Stations, Restaurants , supermarkets are available in the same communityAppendix to Property Sales Contract between Seller and Buyer Description of Property Building: SherlockHouse I, Unit: 120, Type: 2 Bedrooms Apartment located inAl AlHebiah First (Uptown-Motor City) ,Dubai, UAETheproperty comprises area of 134.90/Common area 147.74 Sq. mt & comes with 2 car parking spaces (468 & 791 in FXH7) +1Store Behind Parking#468AsPer Title deed #61935 /2013 Selling Price AED 860,000/- Transfer costs at DLD – Payable by the Buyer
4% AED 34,400 + AED 580 = AED 34,980/- Trustee Admin Fees - Payable by the Buyer Fixed AED 4,200/- which applicable by DLD Agency fee payable by the Buyer Fixed AED 22,500/- Net amount payable by the Buyer AED 921,680/-
The Buyer purchases the Property unit as per Description above from the Seller with the following conditions: Obligations of the Buyer Upon signing of this agreement, the Buyer has agreed to pay 20% Down Payment (AED 172,000/-) at the time of title deed transfer by issues aManager cheque in favor of the Seller. Upon signing of this agreement a 10% of the selling price value of the sum of AED 86,000/- (Dirhams Eighty- Six Thousand Only) as a deposit in favor of the Seller. “ADCB Cheque # 20” to be held with theAgency until the successful transfer of the property in the buyer Name. Upon signing of this agreement, the Buyer issues a cheque in favor of the Meteorite Real EstateLLC/Agency, for agency fees value of the sum of AED 22,500/- (DirhamsTwenty-Two Thousand & Five Hundred Only)in favor of the agency/Meteorite Real Estate LLC “ADCB Cheque # 21” To be held with the Agency until the successful transfer of theproperty in the buyer Name. The Buyer / Buyer’s Bankshall get the full sales payment in favor of the Seller/Agency via Manager’s /Banker’s cheque / at the time of transfer in the Land’s Department / TrusteeOffice and the Agency shall be responsible to handover the Security DepositCheque to the Buyer on the successful transfer of the property at the Land’sDepartment / Trustee Office. 1) Cash/Manager Cheque for the 20% Down Payment value (AED 172,000/-) tobe by payable into the Seller name and the 10% deposit cheque that held in theagency custody to be returned to the buyer. 2) Cash/Manager Cheque for the agency fees value of sum (AED 22,500/-)to be by payable into agency name Meteorite Real Estate LLC and agencycheque that held in the agency custody to be returned to the buyer. The Buyer shall be obligated to pay all thefees associated towards taking his finance to purchase the property under hisname and the registration charges. The Buyer acknowledges theproperty is rented till October 30th ,2021 (Tenant informed officiallyto vacate the property by latest October 30th ,2021) and soldwithout furniture. The Buyer is purchasing with Mortgage and has pre approval byMashreqbank. The purchase is subject of the finalmortgage approval, including the valuation with 80% of agreed sale purchaseprice. the buyer may withdraw from the sale without any penalty only in case ofthe valuation is lower than 80% of the purchase price which should provideevidence as proof from their Bank In the event the Buyerfails to appear for transfer of property on or before the date of transfer,then it is expressly agreed that the Buyer has breached Article 148 of the UAECivil Law and the Seller has the right to terminate the agreement without anyfurther notice and retain the Buyer’s deposit cheque amount as compensationnon-refundable whereby 80% would be retained by the Seller and 20% payable tothe Agency to cover the administrative costs. The Buyer agrees to suchretention and the Seller has no further claim against the Buyer. The Seller shall then be free to sell theproperty to any other individual / company. Obligations of the Seller The Seller hereby confirmsthat he is the current owner of the property and it is mortgaged by AjmanBank (Liability Value AED 670,000/- as attached letter that addressed toMashreqbank) without any restrict that may prevent his from selling theproperty, before the signing of this agreement. The Seller acknowledges that the Buyer is a finance Buyer and shall be availingfinance to purchase the property. The Seller confirms andundertakes that he shall not increase the agreed sale price. The Seller undertakes tosettle/Issue the payment to the outstanding mortgage with his Bank/AjmanBank (as provide liability letter) through the buyer’s bank payment, otherpenalties, charges or any unpaid fees due to the Developer or any other personor body corporate prior to the date of transfer date. The Seller shall provideall the original documents for the property described above at the time ofRegistration in the Office of Developer / Dubai Land Department / TrusteeOffice. The Seller hereby confirmsthe property is rented till October 30th ,2021 and soldwithout the furniture. However, the tenant already informed they will vacatethe property in this day by written notice, as well at date of transfer theproperty in the buyer name balance of remain lease period to be paid by theseller in prorata to the buyer till the end date of the lease tenancy agreement(date 30th October, 2021). However, Tenant Security depositcheque/cash amount to be handover from the seller to the buyer once transferthe property in the buyer name. In the event the Sellerdoes not fulfill his commitment to sell the property on or before the date oftransfer, he is in breach of Article 148 of the UAE Civil Law and is the Buyerhas the right to cancel the deal on the expiry of the transfer period and askfor the return of his Security Deposit Cheque and the agent to return theagency fees Cheque. In the event thatthe Seller fails to provide both the Buyer and the Agent the sum equal tothe above compensation amount within 7 working days of the default date, it isagreed that the Buyer shall raise a Dubai Arbitration Case against the Selleras set out later in this agreement. The Seller undertakes tofacilitate a timely execution of transfer of property ownership rights from theSeller to the Buyer at the Developer’s office / Dubai Land Department / TrusteeOffice on or before the date of transfer and shall be obligated to pay all dueMaintenance fees in advance as requested by Developer / Facility Managementbefore the collection of NOC. Transfer of OwnershipThe above-mentioned property shall be held for transfer no later than 10thOctober, 2021, unless both parties agreein writing on a different date and time. The transfer with the registration of theproperty on the Buyer’s name shall be done in the Developer’s Office / DubaiLand Department / Trustee Office in accordance with the transfer regulationsapplicable to such Developer / Dubai Land Department / Trustee Office. Bothparties further agree to assist one another in satisfying the Developer’s /Dubai Land Department / Trustee Office requirements so as to enable thetransfer to proceed. FinalProvisionsThe Buyer is purchasing the property with a mortgage from a Bank (“Mashreqbank”). The amount financed shall be disbursed to the relevant parties in accordancewith the regulations of the Bank. The purchase is subject of the final mortgage approval, including thevaluation with 80% of agreed sale purchase price. the buyer may withdraw fromthe sale without any penalty only in case of the valuation is lower than 80% ofthe purchase price which should provide evidence as proof from their Bank Should there be a delay beyond the control of Seller or Buyer, i. e. ,by 3rd parties namely Dubai Land Department, RERA, The Government,The Developer, The Bank, Trustee Office, etc. arising from these agreementproceedings followed by proper evidence is provided, then both the parties willhave right to withdraw from this Property Sales Contract with no penalty orfees charged. Neither the Agency nor any of their respective officers, directors,employees, representatives, or agents shall be held responsible for any defaultof the Buyer or Seller or Developer in any way whatsoever arising from, out of,or in connection with this Agreement. This Agreement constitutes the entire understanding of the partiesrelating to the subject matter of this Agreement and supersedes all prioragreements between the Parties and no amendments shall be legally effectiveunless made in writing and signed by all Parties. Furthermore, on thesuccessful transfer of the property at the Land’s Department / Trustee Office,as per the signed agreement, all and any signed documents by the parties shallbe accomplished and further null and void. This Agreement shall come into force once it has been signed by allthe parties and shall be in force until the transfer date or any such laterdate as agreed in writing by the parties. The Buyer and Seller shall bear their own exchange rate differences,bank charges and fees associated with the transfer and disbursement of theDeposit and Balance. This Agreement shall be governed by and construed in accordance withthe laws of the Emirate of Dubai and applicable Federal Laws of the United ArabEmirates. This agreement has been signed on 6th September, 2021Parties:Seller: Hany Mostafa Sabri Mohamed SabriMostafa / Emirates ID’s: Nationality: Egypt (Passport no:A Signature Buyer: Sami URRehman Khan / Emirates ID’s: Nationality: India (Passport no:T Signature: Witness:Saad Soboh / Emirates ID’s: Nationality: Jordan Signature:
Original Price was AED 1.2M
As Brand new property, Handed over last October,2022 in higher floor :
Pool View , Sky Line View, Community View
Market Price : AED 1M
Rented in two Payments AED 50K
Agent Fees AED 25K
Payment Conditions : Cash
- 1 Bedroom
- 2 Bathrooms
- Kitchen with full appliance
- Built-in Wardrobes
- 1Parking
- BUA: 668 Sq. ft
Amenities & Facilities
- 24 HOURs Security and CCTV cameras
- GYM and Swimming Pool
- Bus Stations, Restaurants , supermarkets are available in the same communityAppendix to Property Sales Contract between Seller and Buyer Description of Property Building: SherlockHouse I, Unit: 120, Type: 2 Bedrooms Apartment located inAl AlHebiah First (Uptown-Motor City) ,Dubai, UAETheproperty comprises area of 134.90/Common area 147.74 Sq. mt & comes with 2 car parking spaces (468 & 791 in FXH7) +1Store Behind Parking#468AsPer Title deed #61935 /2013 Selling Price AED 860,000/- Transfer costs at DLD – Payable by the Buyer
4% AED 34,400 + AED 580 = AED 34,980/- Trustee Admin Fees - Payable by the Buyer Fixed AED 4,200/- which applicable by DLD Agency fee payable by the Buyer Fixed AED 22,500/- Net amount payable by the Buyer AED 921,680/-
The Buyer purchases the Property unit as per Description above from the Seller with the following conditions: Obligations of the Buyer Upon signing of this agreement, the Buyer has agreed to pay 20% Down Payment (AED 172,000/-) at the time of title deed transfer by issues aManager cheque in favor of the Seller. Upon signing of this agreement a 10% of the selling price value of the sum of AED 86,000/- (Dirhams Eighty- Six Thousand Only) as a deposit in favor of the Seller. “ADCB Cheque # 20” to be held with theAgency until the successful transfer of the property in the buyer Name. Upon signing of this agreement, the Buyer issues a cheque in favor of the Meteorite Real EstateLLC/Agency, for agency fees value of the sum of AED 22,500/- (DirhamsTwenty-Two Thousand & Five Hundred Only)in favor of the agency/Meteorite Real Estate LLC “ADCB Cheque # 21” To be held with the Agency until the successful transfer of theproperty in the buyer Name. The Buyer / Buyer’s Bankshall get the full sales payment in favor of the Seller/Agency via Manager’s /Banker’s cheque / at the time of transfer in the Land’s Department / TrusteeOffice and the Agency shall be responsible to handover the Security DepositCheque to the Buyer on the successful transfer of the property at the Land’sDepartment / Trustee Office. 1) Cash/Manager Cheque for the 20% Down Payment value (AED 172,000/-) tobe by payable into the Seller name and the 10% deposit cheque that held in theagency custody to be returned to the buyer. 2) Cash/Manager Cheque for the agency fees value of sum (AED 22,500/-)to be by payable into agency name Meteorite Real Estate LLC and agencycheque that held in the agency custody to be returned to the buyer. The Buyer shall be obligated to pay all thefees associated towards taking his finance to purchase the property under hisname and the registration charges. The Buyer acknowledges theproperty is rented till October 30th ,2021 (Tenant informed officiallyto vacate the property by latest October 30th ,2021) and soldwithout furniture. The Buyer is purchasing with Mortgage and has pre approval byMashreqbank. The purchase is subject of the finalmortgage approval, including the valuation with 80% of agreed sale purchaseprice. the buyer may withdraw from the sale without any penalty only in case ofthe valuation is lower than 80% of the purchase price which should provideevidence as proof from their Bank In the event the Buyerfails to appear for transfer of property on or before the date of transfer,then it is expressly agreed that the Buyer has breached Article 148 of the UAECivil Law and the Seller has the right to terminate the agreement without anyfurther notice and retain the Buyer’s deposit cheque amount as compensationnon-refundable whereby 80% would be retained by the Seller and 20% payable tothe Agency to cover the administrative costs. The Buyer agrees to suchretention and the Seller has no further claim against the Buyer. The Seller shall then be free to sell theproperty to any other individual / company. Obligations of the Seller The Seller hereby confirmsthat he is the current owner of the property and it is mortgaged by AjmanBank (Liability Value AED 670,000/- as attached letter that addressed toMashreqbank) without any restrict that may prevent his from selling theproperty, before the signing of this agreement. The Seller acknowledges that the Buyer is a finance Buyer and shall be availingfinance to purchase the property. The Seller confirms andundertakes that he shall not increase the agreed sale price. The Seller undertakes tosettle/Issue the payment to the outstanding mortgage with his Bank/AjmanBank (as provide liability letter) through the buyer’s bank payment, otherpenalties, charges or any unpaid fees due to the Developer or any other personor body corporate prior to the date of transfer date. The Seller shall provideall the original documents for the property described above at the time ofRegistration in the Office of Developer / Dubai Land Department / TrusteeOffice. The Seller hereby confirmsthe property is rented till October 30th ,2021 and soldwithout the furniture. However, the tenant already informed they will vacatethe property in this day by written notice, as well at date of transfer theproperty in the buyer name balance of remain lease period to be paid by theseller in prorata to the buyer till the end date of the lease tenancy agreement(date 30th October, 2021). However, Tenant Security depositcheque/cash amount to be handover from the seller to the buyer once transferthe property in the buyer name. In the event the Sellerdoes not fulfill his commitment to sell the property on or before the date oftransfer, he is in breach of Article 148 of the UAE Civil Law and is the Buyerhas the right to cancel the deal on the expiry of the transfer period and askfor the return of his Security Deposit Cheque and the agent to return theagency fees Cheque. In the event thatthe Seller fails to provide both the Buyer and the Agent the sum equal tothe above compensation amount within 7 working days of the default date, it isagreed that the Buyer shall raise a Dubai Arbitration Case against the Selleras set out later in this agreement. The Seller undertakes tofacilitate a timely execution of transfer of property ownership rights from theSeller to the Buyer at the Developer’s office / Dubai Land Department / TrusteeOffice on or before the date of transfer and shall be obligated to pay all dueMaintenance fees in advance as requested by Developer / Facility Managementbefore the collection of NOC. Transfer of OwnershipThe above-mentioned property shall be held for transfer no later than 10thOctober, 2021, unless both parties agreein writing on a different date and time. The transfer with the registration of theproperty on the Buyer’s name shall be done in the Developer’s Office / DubaiLand Department / Trustee Office in accordance with the transfer regulationsapplicable to such Developer / Dubai Land Department / Trustee Office. Bothparties further agree to assist one another in satisfying the Developer’s /Dubai Land Department / Trustee Office requirements so as to enable thetransfer to proceed. FinalProvisionsThe Buyer is purchasing the property with a mortgage from a Bank (“Mashreqbank”). The amount financed shall be disbursed to the relevant parties in accordancewith the regulations of the Bank. The purchase is subject of the final mortgage approval, including thevaluation with 80% of agreed sale purchase price. the buyer may withdraw fromthe sale without any penalty only in case of the valuation is lower than 80% ofthe purchase price which should provide evidence as proof from their Bank Should there be a delay beyond the control of Seller or Buyer, i. e. ,by 3rd parties namely Dubai Land Department, RERA, The Government,The Developer, The Bank, Trustee Office, etc. arising from these agreementproceedings followed by proper evidence is provided, then both the parties willhave right to withdraw from this Property Sales Contract with no penalty orfees charged. Neither the Agency nor any of their respective officers, directors,employees, representatives, or agents shall be held responsible for any defaultof the Buyer or Seller or Developer in any way whatsoever arising from, out of,or in connection with this Agreement. This Agreement constitutes the entire understanding of the partiesrelating to the subject matter of this Agreement and supersedes all prioragreements between the Parties and no amendments shall be legally effectiveunless made in writing and signed by all Parties. Furthermore, on thesuccessful transfer of the property at the Land’s Department / Trustee Office,as per the signed agreement, all and any signed documents by the parties shallbe accomplished and further null and void. This Agreement shall come into force once it has been signed by allthe parties and shall be in force until the transfer date or any such laterdate as agreed in writing by the parties. The Buyer and Seller shall bear their own exchange rate differences,bank charges and fees associated with the transfer and disbursement of theDeposit and Balance. This Agreement shall be governed by and construed in accordance withthe laws of the Emirate of Dubai and applicable Federal Laws of the United ArabEmirates. This agreement has been signed on 6th September, 2021Parties:Seller: Hany Mostafa Sabri Mohamed SabriMostafa / Emirates ID’s: Nationality: Egypt (Passport no:A Signature Buyer: Sami URRehman Khan / Emirates ID’s: Nationality: India (Passport no:T Signature: Witness:Saad Soboh / Emirates ID’s: Nationality: Jordan Signature:
Property Information
- TypeApartment
- PurposeFor Sale
- Reference no.Bayut - 2271-Ap-S-0113
- CompletionReady
- Average Rent
- Added on8 March 2022
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Meteorite Real Estate
Agent:Saad A Soboh