Q: I have put 5% deposit on a property in Dubai and I have also paid 2% DLD fees + OQOOD… A: We need to review the sale and purchase agreement entered into…

Dubai, UAE

3418

Refund of advance deposited while purchasing property in Dubai

Hi,

I have put 5% deposit on a property in Dubai and I have also paid 2% DLD fees + OQOOD. I have more payments starting in 2 weeks but I can't afford to continue with the purchase.

Am I entitled to any money back?

Aws M. Younis

AWS Legal Consultancy

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26 Jul 2017, 13:16

Dear Sir,

Pursuant to your query and for guiding you any further, we need to review the sale and purchase agreement entered into between you and the property owner. Generally, the agreement stipulates the clause for termination and refund.

You can send the copy of agreement at info@awsuwaidi-advocates.com or should you have any other clarification, please feel free to contact us at 045547635.

Regards,

Aws M. Younis

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