Al Naemiyah Towers, Al Rashidiya Towers and Al Khor Towers ( Phase One ) all require an advance payment and for the balance to be paid by issuing Post Dated Cheques, from a UAE Bank only, over the next 2 - 5 years.

You can not open a Current Bank Account in the UAE (that will entitle you to a cheque book ) if you do not have a UAE Residence Visa stamped in your passport. Some banks may allow you to open a Savings Account, but this would not entitle you to obtain a cheque book.

You can not issue post-dated cheques from any other bank outside of the UAE.

You can not send ( Telex Transfer / other ) the monthly funds from any other Bank out of the UAE

The only way to purchase an Apartment in the above mentioned projects is to :

• Pay Cash for the Full amount one time
  
• Find a contact ( relative, friend or business colleague ) that has a UAE resident visa, a bank account with a cheque book to issue local cheques on your behalf. ( The persons name on the cheques does not have to be the same name as the person who is buying the flat. )

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However, All other projects have a different Payment Schedule that allow persons out of the Country, who do not have a local bank account or a current UAE Residence Visa, to purchase an Apartment in these projects. The Payment Plan for each is on the web site.

Basically, you may simply send the first payment via a bank ( Telex Transfer / other ) to secure the Apartment. The Apartment will be transferred into your name upon receipt of the first payment. Then the balance payments may be transferred ( the same way as the first payment ) as per the payment schedule.

Note that it is not necessary for the Buyer to be present for the transfer. The first payment and a copy of the buyers' passport is only required. This may be faxed or emailed to our office.

Once this payment is received the apartment will be secured & immediately transferred into the buyers name. Proof of this along with the receipts will be scanned & emailed to the buyer and the 'originals' will be couriered along with the contract for signature.

If required, an official letter to the Bank ( of the buyer ) may be arranged to confirm that the funds are been sent to the UAE are for the purchase of a property.