Park Towers DIFC Handover in Dubai See detailed Instructions
Damac properties have issued documentation to owners with instructions for the final payment, as well as steps to follow before handover is completed. Here is the outline for the email issued by the master builder.
We are pleased to inform you that we are now ready to commence handover of your Unit(s) as of January 15, 2012; Included with this letter are various documents that will help guide you through the handover process.
Please find enclosed a copy of your Final Invoice together with the invoice for the Annual Service Charge for the period January 15, 2012 until June 30, 2012. This is payable to the following accounts which may vary from previous accounts used:
Prerequisites for the handover of your Unit:
DIFC registration: Prior to commencing the handover process, please note that it is mandatory for all Owners at Park Towers to have registered their Unit(s) with DIFC by lodging the relevant Caveat. A payment of 3.5% of the purchase price and US$ 100 is payable for each unit, payment should be made directly to DIFC.
Payment Clearance Certificate (PCC): On receipt of the outstanding balance including Service Charge payment a PCC will be issued by our finance department. All balances must be cleared by January 15, 2012.
No Objection Certificate (NOC): For all Mortgaged Properties it is the Owner’s responsibility to forward a copy of this letter to your bank/finance company and arrange for the disbursement of payments. As a requirement for the handover please obtain a No Objection Certificate from your bank/finance company. Damac Park Towers Company Limited is not liable for any delays that may occur in disbursement of payments and penalties will be levied on delayed payments.
EMPOWER Registration: EMPOWER is the district cooling service provider at DIFC, you are required to register for their services prior to the handover. A payment of AED 2000 to EMPOWER towards BTU meter was paid on your behalf and is included in your final invoice.
Dubai Water & Electricity Authority (DEWA): You are also required to register with DEWA for connection to Electricity & Water. For further information please refer to the enclosed DEWA factsheet.
Central Gas: Park Towers is equipped with a Central Gas network; you will be required to register with the service provider Al Fahidi Gastech LLC at handover. You will note that the Final Invoice includes a Charge of AED 750 towards activation of Gas Supply by the Service Provider. For your convenience the required forms will be made available for completion by Owners or their Authorised Representatives at handover. No Gas Cylinders or Electric cookers are permitted within the residential Units.
Prior to handover, it is important to note that it is the sole responsibility of the Individual Owner / Occupier of the Unit to ensure that they have obtained adequate insurance for their Unit(s) & all contents. DAMAC Park Towers Company Limited will not be held responsible or liable for any consequential damages. Please also note that as of the Commencement of Handover date any and all charges levied by service providers such as DEWA, EMPOWER or any other utilities/service provider is entirely the responsibility of the Unit Owner.
Are you an owner and are looking for help with management of your property? Call 07932 785084
