Questions & Answers
Questions & Answers
3 available 3 • View allThe right to claim refund for delay in handover after failing to complete instalments

0
Q: I have purchased a studio in Dubai, 30% was paid already (AED 171,000).
The handover is getting delayed already 4 months, the developer is already in his grace period for handover but the apartment is also not registered in DLD.
I have paid almost all that I have but I am not able to pay anymore because of some financial issues.
Will I get my money back? Would it be possible to pay a lawyer after execution not in advance?
Thanks in advance for your answers.


Nov 5, 2021
354
What can the seller do if the buyer cannot continue with the purchase of property?
2
Q: We signed DLD Form A, and agreed to buy a villa worth AED 11.7M, and gave a security cheque of AED 1M. But now due to some funds issues, we are not able to buy that villa.
We are requesting the seller to terminate the contract and also we will bring any other buyer for you. Now, the seller doesn't want to cancel the contract and threatens that he will deposit the security cheque.
Can anyone guide how to come out of this issue?
Will you assist us with this, please?

Sep 30, 2022
401
Termination for defaulting on the payments of a purchased apartment and claim of refund

0
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


Sep 8, 2021
480
Laws & Regulations
3 available 3 • View allLaw 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
4864
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
3145
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
5158

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