Questions & Answers
Questions & Answers
4 available 4 • View allAction against the developer for violating the rules of escrow account



2
Q: Hi,
What action do I take if a developer has accepted cheques from me (towards my 30% off-plan payment plan) that were made payable to the company (and not payable to the specific escrow account for the developer's project I am buying from)?
Is this illegal and voids my SPA contract with the developer?
Thanks for your advice.




Apr 20, 2020
1738
Claiming refund from developer after cancellation of project



3
Q: This is regarding an under-cancellation real estate project in Dubai (started in 2017 & was supposed to be handed over in Dec 2019 but progress did not move beyond 10%).
I made my cheques payable to the company rather than to escrow account. AED 881K was already cashed out of 1,460K (+ 58,400K for Dubai Land Dept).
What are the options available for recovering my money?
Thanks




Jul 7, 2020
1664
Filing a case against the developer for cancellation of project


2
Q: I bought a property in a project and paid the full amount to the developer directly, not in the escrow account.
The property was not complete as promised and it was cancelled by the Land Dept last year.
We reached the Land Dept to make a complaint then we came to know it's not registered under my name.
Please help me to process it and get my money back. I made a complaint in Dubai Courts too but no update.



Mar 14, 2019
1646
What are the rules for opening and withdrawing from an off-plan escrow account?




1
Q: Dear Lawyers,
Could someone share or let me know the rules and procedures for withdrawing money from an off-plan escrow account, the requirements for withdrawal, and the requirements for opening an off-plan escrow account?





Sep 24, 2024
311
Laws & Regulations
4 available 4 • View allLaw No. (8) of 2007 Concerning Escrow Accounts for Real Estate Development in the Emirate of Dubai 7
This Law applies to developers who sell units off-plan in real estate development projects in the Emirate of Dubai and who should receive payments from purchasers or financiers towards such real property units to the special escrow accounts.
May 6, 2007
11394
Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai 1
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.
Aug 14, 2008
4847
Law No. (9) of 2009 Amending Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai 2
The provisions of this Law supersede articles (2) and (11) of Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai.
Apr 12, 2009
3134
Executive Council Resolution No. (6) of 2010 Approving the Implementing Bylaw of Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai 3
This Resolution approves the Implementing Bylaw of Law No. (13) of 2008 Regulating the Interim Property Register in the Emirate of Dubai.
Feb 14, 2010
5146

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