Questions & Answers
Claiming refund from property developer for delay in handover
I had invested in an off-plan property with a developer paying 30%.
A year back, they offered me some discount to pay the balance (70%) in advance of handover mentioning it will be in May 2018, which I foolishly enough did.
The official handover date was March 2018. So it is delayed by more than a year grace period and I have not been notified in any way about any delays. They are no longer responding to emails.
The project shows completion of 82.18% at the land department website, but going by construction on-site, looks like it will take another 6-9 months, if not more.
Questions:
- Can I claim a full refund for money paid with interest?
- How much time does the legal process take because I have been told by some friends that the developer can drag the case for years?
- Any other option that I have as an investor to deal with a powerful builder?
Appreciate any advice that you can offer. Happy to share the documents for review.
Dear Questioner,
Yes, you have the right to cancel the contract and refund your money back with benefits.
Your issue requires a thorough study of contracts, payments and date in detail.
For more information, communicate with us by email.
Hello.
You may send us the contract so that we will be able to advise regarding the possible scenario.
Their contact must contain special clauses devoted to the subject of delays, contact cancellation and jurisdiction of the dispute.
For further communication, you may email us.
Dear Sir/Madam,
With reference to your below query, please be informed that it is possible to claim a refund, however, this is dependent on surrounding circumstances and also on the contents of the contract which you had signed.
On this note, it is therefore important to review the contract in order to provide a proper legal opinion.
For further questions, you may send me an email.
Regards,
Aws M. Younis
