Questions & Answers
Can I sign a new contract for my property if the previous buyer not arrange funds?
Hello,
I signed a Contract F, but the buyer could not arrange funds within 30 days.
Now, I have a new buyer, but the broker says I cannot sign another Contract F for 15 more days under DLD law and cannot sell the property during this period. Is this true?
Greetings,
If the buyer fails to arrange funds within the agreed 30 days, you may have the right to terminate the contract, depending on its terms.
However, certain restrictions by the Dubai Land Department (DLD) may apply before executing a new Contract F. The 15-day restriction could be due to specific regulations or procedural requirements.
To confirm your legal position and proceed smoothly with your new buyer, we recommend booking a consultation with us or appointing us to handle the transaction on your behalf.
Let us know how we can assist you.
We are happy to assist you and provide the best legal services that meet your needs.
To contact us, you can call or WhatsApp us at [------------].
Dear Client,
Thank you for your inquiry regarding the restrictions on selling your property after the cancellation of a previous sale contract.
Based on the information provided and relevant Dubai Land Department (DLD) regulations, here is a professional response to address your concerns:
1. Restrictions on Creating a New Contract F:
The broker's statement that you cannot create a new Contract F or sell your property for 15 days after the cancellation of the previous contract appears to align with DLD procedures.
When a sales agreement is canceled, there is typically an administrative processing period during which the cancellation must be finalized and reflected in the DLD system. This process ensures that all parties comply with legal requirements and prevents overlapping transactions.
2. Cancellation Process and Timeline:
To cancel the previous sale contract, you or your broker must follow these steps:
- Obtain a Court Order (if required):
In some cases, a certified letter from Dubai Courts may be necessary to authorize contract cancellation.
- Submit Documents to DLD:
Required documents, including the court order (if applicable), must be submitted to DLD for verification.
- Processing Period:
Once submitted, the DLD will process the cancellation request, which can take several days. During this time, new contracts cannot be created for the same property.
3. Legal Basis for Restriction:
This restriction ensures transparency and avoids conflicts between multiple buyers. It also provides time for administrative updates to reflect the property's status accurately in the DLD registry.
4. Recommended Actions
1. Confirm Cancellation Status:
Check with your broker or directly with DLD to confirm whether the previous contract has been fully canceled and when the 15-day period will end.
2. Prepare for New Sale:
Once the restriction period expires, you can proceed with drafting a new Contract F for the new buyer. Ensure all documentation is ready in advance to avoid further delays.
3. Seek Clarification from DLD:
If you require additional details about this restriction, you may contact DLD directly or visit their Customer Happiness Centre for guidance.
4. Conclusion:
While it may seem inconvenient, this 15-day restriction is likely part of standard DLD procedures to ensure proper cancellation and prevent legal disputes over property transactions. Once this period has passed, you should be able to proceed with selling your property without issue.
If you need further assistance or clarification, please feel free to reach out.
Best regards,
Abdul Wahied
Form F, officially the Property Sales Contract, is a crucial legal document mandated by the Dubai Land Department (DLD).
It formalizes the agreement between a buyer and a seller. The crucial element with Form F is that when it is signed, there is a time limit for the transfer of the property to be completed at the DLD.
If this time limit expires, the contract becomes void. If there are no more explicit clauses, then it cannot be true. We will review the contract F and will let you know its legality.
Wishing you a pleasant day ahead,
According to DLD regulations, once a Contract F is signed, the seller is typically restricted from entering into another Contract F for 15 days.
This waiting period allows the original buyer to arrange the funds. Since you have a new buyer, you’ll need to wait until the 15-day period is over before proceeding with the sale.
Best Regards,
Sara Al Saedi Advocates and Legal Consultants
Dear Questioner,
Thank you for your inquiry!
Regarding the above, and according to Law No. 13 of 2008 concerning Interim Property Registration in Dubai, a property owner is not allowed to enter into a new sale contract for the same property within 15 days from the date of the previous contract.
This is to prevent any fraudulent or speculative activities in the real estate market. Therefore, if you have already signed a contract F and the buyer could not arrange funds within 30 days, you will have to wait for 15 days before entering into a new sale contract with a different buyer.
This is to ensure that the previous contract has been properly canceled and the property is available for sale again.
It is important to note that this law applies to all types of property sales, including off-plan properties. So, even if you have a new buyer for an off-plan property, you will still have to wait for 15 days before entering into a new contract.
In case of any violation of this law, the Dubai Land Department may take legal action against the property owner and the new buyer, which could result in penalties and fines.
Therefore, it is important to follow the legal procedures and wait for 15 days before entering into a new sale contract for the same property.
Please do not hesitate to reach out for further inquiries.
Greetings,
Mohammed Salah
Legal Consultant
Hello!
Yes, this can be true under certain conditions. The DLD often enforces specific cooling-off periods or waiting periods to avoid rapid contract switching, which can create confusion and problems in the market.
However, regulations can vary depending on the specific details of the contract and the situation.
Kindly share your contact details or reach out for further understanding of the matter and determine the best way forward.
Greetings of the day,
As per DLD regulations, once you sign a Contract F, you are restricted from entering into another Contract F for 15 days to allow the original buyer time to arrange the funds.
You will need to wait for this period before proceeding with the new buyer.
Best Regards,
Sara Al Saedi Advocates and Legal Consultants
Thank you for reaching out!
Based on UAE property laws, if a buyer fails to fulfill their financial obligations within the agreed timeframe in a Form F (MOU), you may have the right to cancel the contract and proceed with a new buyer.
However, depending on the terms of your contract and the cancellation process, there may be a cooling-off period or restrictions imposed by the Dubai Land Department (DLD).
To determine the exact legal position and ensure that you do not face any issues with the sale, I recommend reviewing your contract and any correspondence with DLD or the broker. I can assist you in verifying your rights and expediting the process legally.
Please reach out to me via WhatsApp or phone to discuss your case further.
Best regards,
Suhail Rana
