Questions & Answers
Questions & Answers
3 available 3 • View allGetting a deposit or compensation if the buyer backs out after signing the MOU




2
Q: Hello,
A buyer of my property has refused to proceed after signing the MOU. Form F indicates the penalty type as "NO."
Am I entitled to a deposit cheque or compensation?
I have already rejected other buyers and came to Dubai for the deal, but the buyer is not answering the phone.





+1
Dec 25, 2023
502
What are buyer's rights when seller backs out of MOU?




3
Q: Dear Sir/Madam,
I've signed an MOU for a townhouse, and the seller has signed it as well. Now the seller is backing out, saying that the agent gave him wrong information and he doesn't want to sell.
This is after more than a week of signing the MOU. Clearly, he is getting a better offer. But as a buyer, what are my options?
I've already lost valuable time, and it's causing me a lot of mental stress.





Oct 20, 2023
1473
The seller decides not to sell the property after signing the MOU. What to do?

3
Q: Dear sir/madam,
I signed an MOU to purchase a property. The MOU was signed by the POA holder of the seller on hard paper. We have been following up with the seller agent and he was keeping us up to date for nearly a month that the NOC is in progress.
Last week when the MOU period expired, the agent informed us that the POA issuer has decided not to sell as he has another offer. I asked the agent about the MOU and the agent said MOU has no value as it is on paper and not in the Dubai Rest application.
Questions:
Can I enforce a paper-based MOU (Form F)? Or due to new rules, it is no longer valid and we made a mistake?
The MOU was for one month and it is about six weeks since we signed the MOU.
Appreciate any advice!


Oct 12, 2022
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