Questions & Answers
Developer's delay and receiving complete refund
Hi,
We had purchased a villa in a community a few years ago and it has been nearly 3 years of delay in addition to heavily advertised amenities at that time are being canceled like the Dubai rainforest.
They've been extending it constantly whenever the handover nears without an explanation as to the reason for the delay. I want to know if you know similar cases; how may it be handled? I am aware of mandatory compensation but is it possible to back out/receive a complete refund?
Thanks!
Dear Client,
Good day!
It is true if you purchased a villa in that community. As you know, they have sent a letter to many of the investors that they are transferring the project from a hotel apartment to a residential.
Please do not sign the Addendum. If you sign the Addendum, you will lose your right to terminate and require a full refund and, moreover, completion date as per the majority of the SPA (which I haven't reviewed the SPA).
We need to check the completion date also. Please provide us with the documents so that we can confirm the advice of termination of the agreement, full refund plus compensation.
For further assistance, please feel free to contact us via phone or email.
Thank you!
