Dubai: Will I get compensated if my developer does not deliver the property on time?

Dubai: Will I get compensated if my developer does not deliver the property on time?

A KT reader asks if they can add a compensation clause to the agreement pertaining to this

Published: Sun 20 Aug 2023, 8:47 AM

Question: I am planning to invest in an off-plan property in Dubai. Will the contract specify when the property will be delivered? What happens if the developer fails to deliver it in the stipulated period? Am I entitled to compensation? Can I add a compensation clause to the agreement specifically pertaining to this?

Answer: Pursuant to your queries, it is understood that you intend to invest in an off plan property in Dubai. Therefore, the provisions of Law No. 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai, Law No. 19 of 2017 Amending Law No. 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai and Executive Council Resolution No. 6 of 2010 Approving the Implementing Bylaw of Law No. 13 of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai are applicable.

A developer (seller) in Dubai should register any property sold off-plan to a purchaser in the Interim Real Property Register of the Dubai Land Department (DLD). This is in accordance with Article 3(1) of