Questions & Answers
Cancellation of a purchased property SPA and refund for handover delay
I purchased an off-plan apartment from a developer with payments plan 20/80. I have paid 20% so far plus 4% DLD. The developer has not given me my land registration yet.
According to my SPA, the property handover is supposed to be in Q1 2020. I received a notice that the new completion date is now Q1 2021 but is doubtful. Project completion date is 46% as per the Dubai Land Department website.
My question is, what action can I take to cancel my SPA and get a refund?
Thanks
You can file a real estate lawsuit to claim to terminate your contract and recover the paid amounts with compensation.
The main point to win in that case is that they delayed the handover date, and this point is very important to cancel your contract.
The charges of the lawsuit for this case are AED 6000 and there are other expenses.
Kindly note that we need to review your contract as well.
I am pleased to help you.
Thank you
As they sent you the new date and the project is not cancelled, you need to wait for the new date and continue your payment.
But in case you want to cancel the agreement we need to check the cancellation clause.
Please contact us on the phone or email.
Dear Client,
Good day!
Please note that you can approach the Court for termination and request a full refund of the paid amount and compensation thereof.
Kindly send us the SPA to confirm the jurisdiction and course of action.
Please feel free to contact us by phone or send an email.
Thank you.
