Q: Hi, I have booked a studio with a developer. I have paid around 195000 AED. It was mentioned in their marketing details and pre-development that the project will be ready by MAY 2019. The project is still not completed, and only 50% has been done as per DLD. The developer has always been asking for money, but how can we trust them when progress has been slow! Today, I received a letter from DLD on cancellation. Now how can I proceed to object and get the paid amount? I was reading somewhere that if a project is below 60% progress, we can get a refund? Please guide! Thanks

Q: I am an investor in 3 properties here in Dubai at some project. I would like to know what arrangements have they made to do the refund of the cancelled projects. I am in the UAE for a week. Kindly help me to know the updates.

Q: I have purchased a property in Dubai in Dec 2017 by putting a 30% deposit of the purchase price to the Developers account and received the reservation form and receipts only. However, I still do not have the SPA or OQOOD as of Aug 2018. The developer has been saying the SPA templates have been getting delayed at DLD. Per the reservation form, I have an upcoming payment in Sep 2018, however, I do not want to pay this as I still don't have the SPA or Oqood which is my legal document and there is no escrow account per DLD website. What is my legal position here and how can I get this resolved or can I get refunded given there is no contract as yet? Please guide

Q: I have made a 20% down-payment against an off-plan property in 2017. The sale & purchase agreement does not include a "Termination/Refund" clause and the property is due for handover by the end of the month. The property value has dropped by 40% and I'm able to only get a mortgage for 80% of the current value. However, due to the current situation and the impact of COVID-19 financially, I'm not in a position to proceed with the remaining instalments. I have to forfeit the contract as the developer has not given me any options for deferral of payment and has declined the request for a delayed handover. Please advise if and how I can get a refund on the 20% amount that has already been paid upfront.

Q: قام مكتب تمثيل لشركة أجنبية ببيع عقار خارج الدولة وقام المكتب بإبرام استمارة الحجز واستلم شيك بنكي مني. تقدمت بإلغاء الحجز اليوم التالي فرفض المكتب إعادة المبلغ المدفوع. مع العلم بأن المكتب غير مُسجَّل لدى دائرة الأراضي والأملاك ونشاطه بالرخصة مكتب تمثيلي. كيف أتمكن من استرجاع المبلغ المدفوع؟

Q: Hi, When the Dubai developer issues a 30-day letter to me regarding the cancellation and termination of the contract, what should I expect from them and from the Department of Land in Dubai after the 30 days? Kind Regards,

This Law establishes interim property register in which sale contracts, off-plan sales, and other off-plan legal dispositions of real property are registered prior to inclusion in the property register maintained by Dubai Land Department.

The provisions of this Law supersede articles (2) and (11) of Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai.

This Resolution approves the Implementing Bylaw of Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai.

This Law applies to developers who sell units off-plan in real estate development projects in the Emirate of Dubai and who should receive payments from purchasers or financiers towards such real property units to the special escrow accounts.