كيف يمكن استرداد الأموال في حالة إلغاء المشروع بواسطة دائرة الأراضي والأملاك؟

Dear Sir/Madam,

Thank you for reaching out to me on this.

I understand your situation and trust that this is resolvable.

The laws in the UAE have provided provisions protecting consumers such as yourself when the developer abandons the project which is subsequently canceled by DLD.

One needs to apply to the court with the necessary property-related documents to join the list of owners and when the project is sold to a third party or completed, you will be eligible to claim compensation by way of refund or the premises, whichever follows by the court. Such cases are then referred to the liquidation committee.

The developer, by law, has to deposit a certain percentage of the amount received in the escrow account so that it remains untouched. You will be able to claim from this escrow too.

I have handled such cases in the past and trust that I can assist you in this as well. I will need to review all your documents like SPA, payment receipts, and booking forms.

You may contact me directly via phone or email for further assistance and clarification.

Regards,

Hari Wadhwana