Dubai Real Estate: If initially it was agreed to pay installments as per payment plan, but later on developer extended the completion date by one more year then what should investor do?

As per RERA regulations, all developers were required to submit revised installment payments to coordinate with some form of construction milestones.  RERA was required to approve all such payment plans.  Therefore, all payments should now be linked to some sort of construction progress, irrespective of what is stated in the original sales and purchase agreements.  In such event, investors should request the developer to provide with a RERA approved revised payment plan.


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