Emaar not to allow resale unless 40% payment is made

Unit owners in Emaar Properties ' The Address Fountain Views in Downtown Dubai will be able to resell their apartments only after making a 40 per cent payment, according to property agents.

"We have been told that the property cannot be sold unless the buyer makes a 40 per cent payment," a broker, who has purchased units in the project, told Emirates 24|7.

http://www.zawya.com/story/Emaar_not_to_allow_resale_unless_40_payment_is_made-ZAWYA20130128030358/