D
dream888
New Member
hi all
to cut a long story short, i have invested in two properties in dubai,
one i invested in 8 years ago. it hasn't been built yet, is ongoing and has only been 40 % built. i have paid 90% of the full purchase price. do i have any recourse? why is it taking so long? can i just pull out of it and get my purchase price back? i have a signed SPA and all original documents in my possession.
the other property has only been built 10% and is currently under 'cancellation' - also invested in 9 years ago now. do investors like me have any recourse?! i was not offered an SPA on this one but i have asked for one asap.
I have been chasing the progress of both projects constantly and i am always met with the answer 'don't worry we are building it is just taking longer than expected' from both developers.
preferably i would like to pull out of both projects and get my purchase price back!!
any help would be much appreciated
to cut a long story short, i have invested in two properties in dubai,
one i invested in 8 years ago. it hasn't been built yet, is ongoing and has only been 40 % built. i have paid 90% of the full purchase price. do i have any recourse? why is it taking so long? can i just pull out of it and get my purchase price back? i have a signed SPA and all original documents in my possession.
the other property has only been built 10% and is currently under 'cancellation' - also invested in 9 years ago now. do investors like me have any recourse?! i was not offered an SPA on this one but i have asked for one asap.
I have been chasing the progress of both projects constantly and i am always met with the answer 'don't worry we are building it is just taking longer than expected' from both developers.
preferably i would like to pull out of both projects and get my purchase price back!!
any help would be much appreciated
