Q: Defaulting on property installments and refund from the developer I have purchased a unit from a developer. According to them, the project handover was meant to be December 2019 but did not complete until mid-year 2020. Due to the issue with the developer's payment platform from Nigeria being blocked by a firewall and some unexpected banking/financial regulations in Nigeria limiting the amount of foreign dollar transactions for the month, I can’t continue to pay the installments, due to which I have some penalty amount as well. I received a letter from the land department (Oqood) requesting the termination of my unit. My question is if my unit is terminated, will I get the refund of my monthly payments. On the document sent to me, It is stated that. Paid amount: AED 154,260,000 Claimed amount: AED 189, 540,000 Thanks

Q: Dear Sir, My wife booked a villa with a developer in Dubai. 30% of the amount has been paid so far. Due to financial constraints, she cannot continue the further payments. Is there any law in the UAE to claim a refund from the seller? Sincere regards, Sabir M Hussain

Q: Refund from Escrow Account I have purchased a unit from Danube Properties. According to them, the project handover will be in 2024 or 2025. Due to some unexpected financial crisis, I can’t pay the instalments, due to which I have some penalty amount as well. My question is if I cancel the unit, will I get the refund of my monthly payments since the account to which I am transferring the amount is an escrow account, not the direct Danube account? Thanks

Q: Dear Sir/Madam, Is it possible to get back the booking fee paid for the reservation of the flat if we cancel for some reason?

Q: Hello, I purchased a freehold flat in Dubai and paid an initial 10% while signing the reservation agreement. However, due to financial issues, I am unable to proceed with the next payments. My question is: Can the developer refund my funds? The 10% payment was made to the developer’s escrow account, but I haven’t signed the SPA yet. I requested a refund from both the developer and the property agent, but they declined, stating that the money could not be refunded. Is there any way to recover my funds?

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.

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