Questions & Answers
Termination of SPA and refund of down payment after losing income
Good afternoon.
My name is E.,
I have been made redundant last week and I have paid down payment last year for an off-plan building. Is there any chance I can get that money back?
Thank you
Dear Questioner,
I would like to review the contract if you trust us with your documents.
You have the right to claim all the amounts you have paid to the company, and you have the right to demand appropriate compensation for the damages incurred by you as a result of that delay.
The main reason for breaking the contract is breaching the contract by the company to deliver on time and the court will compel the company to pay all fees and expenses that you paid to the court
The litigation procedures are as follows:
1- We will file a lawsuit to appoint an expert to prepare a technical report showing the percentage of completion of the project, and also, whether the project is registered in Dubai Land Department -the Real Estate Regulatory Department- and whether the apartment was registered under your name or not.
2- The fees of the case are AED 6000.
3- After registering the case, the court selects an expert and assigns him to prepare the report.
4- After that, we amend our requests according to the report and we demand to terminate the contract and return all the claimed amounts, in addition to compensation and all the fees that we have paid to the court.
5- The expected time to complete the case is approximately two to three months.
I am pleased to help you. Contact me on my number or email.
Thank you
