MASAR CORNER by Alramz

Buyer accepts all terms & conditions

Terms and Conditions:

• The unit shall be reserved by paying the buyer’s non-refundable commission to the broker in the amount of 2.5% of the unit price + VAT, and it's not included in unit price. 

• Payment of the broker's commission constitutes a binding commitment to purchase. The buyer may not change the reserved unit, cancel the reservation, change the buyer’s name, or transfer or sell the reservation to a third party.

• Current reservations are being made during the pre-launch phase of the project and offer competitive pricing for early customers. The first phase of sales is expected to be officially launched, and contracting is expected to begin, within an estimated period of (2) to (6) months, subject to the project’s readiness and the developer’s timeline. The buyer is required to sign the purchase agreement within seven (7) days from the date they are notified that the contract is ready; otherwise, the buyer’s reservation will be canceled and they will not be entitled to claim a refund of any fees or commissions paid.

• For clients who are not residents of the Kingdom of Saudi Arabia, the Aqarmap team will assist them in understanding the process of registration with the Saudi embassy, obtain a Saudi phone number, and obtaining a digital ID. The team will support and guide them in completing all required procedures. Therefore, the buyer’s commission paid by a non-resident client is considered a service fee to Aqarmap for providing this logistical support, and it is non-refundable under any circumstances.

• The First Party (the Buyer) agrees to sign the real estate brokerage agreement with the Second Party (Aqarmap) and authenticate the contract through the Real Estate General Authority (REGA) within 48 hours from the time of the Contract creation date by Aqarmap.

• The developer reserves the right to cancel the reservation due to any regulatory or internal planning changes, in this case, the developer and the broker will provide full refund to the buyer for any payments made without any deductions.

• In the event of a conflict or duplicate booking for the same unit for any reason, Aqarmap reserves the right to cancel the duplicate booking and refund the transferred amount.
  

• Project delivery is expected after three years from the issuance of the building permit, with a potential extension of one additional year due to Hajj and Umrah arrangements in Makkah.
  

• All drawings & floor plans are for illustration purposes only & areas are expected to change by +/- 10% before contracting. Final price will be adjusted pro-rata based on final area at the time of contracting.

• The buyer cannot resell the unit before the unit is fully delivered by the Developer.

Real Estate Brokerage Agreement:

It has been agreed between the First Party (the Buyer) and the Second Party (the real estate broker, Aqarmap) that the Second Party shall undertake to search for and provide real estate units that meet the needs of the First Party and enable the Buyer to reserve them, in return for the agreed brokerage commission/percentage payable by the Buyer, which is 2.5% of the price of the real estate unit + VAT. The Second Party shall exercise due care in carrying out the real estate brokerage subject of this agreement, shall maintain the documents and information related thereto, and shall not disclose any confidential information relating to the transactions subject to the brokerage.The First Party, in turn, undertakes to provide the Second Party with the documents and information necessary to perform this agreement, to pay the commission to the Second Party upon completion of the reservation through the Second Party, and to authenticate the brokerage agreement with the Second Party at the Real Estate General Authority within 48 hours from the date of creation of the contract on the Real Estate General Authority platform.The Second Party further undertakes that it has entered into a real estate brokerage agreement with the developer who owns the property, under which the Second Party is entitled to a commission of 2.5% of the price of the real estate unit from the developer.