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Originally Posted by Mohamed
Guys,
I can sympathasise with you sort of on what's happening with your 'delayed' projects in Sports City. I myself have purchased 2 apartments in Jumeirah Village South, and have already paid about 50% with nothing having even started yet.
What I wanted to know from you guys is that is there no clause in your contracts/sales agreement that says if the project is not handed over to you by xxxxxxx date, you have the right to ask for the money back with a penalty rate applied (i.e. interest) ?
Interested in your replies because I have a gut feeling that my projects too are going to be delayed big time, so I can see myslef being in your positions in the forseeable future  |
The actual contract provides that the property shall be ready by the anticipated completion date however this may be extended by the developer to reflect any delay relating to building works for any circumstances beyond the developer’s control.
So if the developer does not complete on time, due to reasons within their control, it could be argued that they are in breach of contract and we are entitled to monies back.
However, the reason I received for the delay is that the developer was locked out of the site for so long (hmmmmmmm???????) and they will argue that this is out of their control.
Sounds like a made up excuse to me, considering all developments in Dubai seem to be delayed.