Monday, December 27, 2010

UAE Real Estate: If Project not yet started and paid more than 30% in advance

Where do I file a case against my developer who hasn't started the project despite us paying more than 35 per cent of the cost?
A real estate dispute for a property in Dubai should be filed in the Property Court of Dubai Courts.  If the real property is in a different Emirate, then the case can be filed in that Emirate. Notwithstanding, depending on the location of the transacting party (i.e. seller), the investor may have a choice of the Emirate in which to bring a case.
If the seller, for example, is a Dubai company, for a property in Abu Dhabi, the investor may have a choice to file a case in either Dubai or Abu Dhabi. In general, however, investors are advised to consider carefully financial repercussions, as weighted against the legal uncertainties, of filing formal legal actions. They should diligently weigh the pros and cons in pursuing that course of action, to justify the expense and the time required to pursue a formal legal action.




@ Emirates24|7

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