Developer - DELAYING Launch

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investorppty

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Plse can someone advise what action can be taken if one purchased a floor at PreLaunch. However the developer has now delayed launch by almost 3months?.

Can we approach the developer to return the funds + interest or otherwise.

Need urgent advice.

Rgds
 
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sasherwani2

New Member
Officially the developer is supposed to compensate to you financially for delays. However, in UAE, the developer merely defers your final payment and calls it a "compensation"
 
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investorppty

New Member
and nothing is done for initial payments that already made and incurring interest from banks?.
 
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sasherwani2

New Member
Not in Dubai unless you are a VIP client possessing multiple units.
 
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investorppty

New Member
and what if i want to come out of the deal due to their delays in launching?...
 
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Halogen

New Member
and what if i want to come out of the deal due to their delays in launching?...
Start praying to God and hope he listens to you:D

Seriously though, copntact the developer and see what they have to say. All developers will react in different ways, so you be able to get your money back.
 
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