To learn more about how to avoid or cope with a property handover delay in Dubai, keep reading the post.
There shouldn't be any outstanding bills, fines, or paperwork.
Avoiding a property handover delay in Dubai is as simple as finishing the necessary documentation and paying any remaining fees before the scheduled handover date. Incomplete payment and documentation from the buyer are common causes of delays in the transfer of a real estate in Dubai.
View the Construction Site
Quickly assessing potential delays in the handover of your off-plan home may be done by visiting the site. The completion date and current status of the project may also be found on the official website of the Dubai Land Department (DLD).
Discuss a Solution with the Developer
You might try to arrange a meeting with the project developer to talk about the handover of your off-plan property once you've seen the physical progress being made on the infrastructure. A meeting with the developer will allow all stakeholders to air their grievances about the project.
See If The Project Was Canceled By RERA.
Check the 'Project Status' section of the Dubai Land Department's official website to see how far along the building of your off-plan home is. You may find out whether your off plan project in Dubai has been terminated by the Real Estate Regulatory Authority (RERA) and the reasons why.
It's normal to feel shocked and dismayed when your ideal project gets scrapped. When a project is canceled by RERA, however, purchasers are entitled to get their whole deposit back into their legal escrow accounts. After that, the Dubai Real Estate Court will oversee the compensation due to the purchasers.
Negotiate With Developer
After the first projected handover date, the developer has up to an additional 12 months to execute the actual handover. However, even if the issue lasts longer than a year, it might be a hassle to go to court. Taking the developer to court to collect damages may be a costly and time-consuming process.
Therefore, it is in everyone's best interest to settle out of court rather than drag out a legal struggle. Talk to your developer in detail about the handover of your off-plan home.
File a Complaint Against The Developer
Filing a lawsuit against the developer is a final choice if you've tried everything else. The Dubai Real Estate Court is the right venue for any disputes related to the postponement of off-plan property handover in Dubai. The first thing you need to do is consult with an experienced attorney that specializes in real estate law. You may learn the ins and outs of the contract's legal implications with the aid of an attorney.
Your attorney may advise you on the potential compensation you might claim for the property handover delay in Dubai after reviewing the terms and conditions contained in your contract with the developer. The current buyer-developer relationship may be terminated, and a full refund requested, depending on the terms of the agreement.
