Excited about your new house in Dubai? It is a good city to settle. However, people could be irresponsible when it comes to covering the property. Not getting the keys to your new house upon your arrival is frustrating. You no longer have to worry about it because you can follow certain procedures and actions to secure the keys to your new home. You can also book the legal appointment with one of the best lawyers in Dubai, which is totally based on your choice. Else, you can also grab the knowledge from our blog. Blog content does not refer you to a lawyer or law firm, it is a sort of legal help indeed. Our legal experts will discuss about the topic for the readers as well as legal services required too. Emirati lawyers in Dubai are the best in UAE. Please find the details below:
Compensation Clause
When buying or renting a property in Dubai, the contract must include a clause stating you will be compensated if the property is not handed over to you on time.
Timely Payments
The contract should also include your responsibility as the property occupant. It should state that if you do not make payments on the agreed time, you cannot claim handover delay compensation. However, if you make payments on time and there is a delay from the developer’s side, your claim is valid.
How to Handle Delayed Hand Overs as Investors?
If you have bought land but it has yet to be handed over promptly, you must take a look at the site to determine the reason for the delay. If the reason is incomplete work on site, you must talk to the developer for better solutions. Secondly, sometimes, the land you bought may have government planning, and it can be cancelled, which means the delay happened due to the property’s cancellation. You must ensure that the project has been cancelled and you are compensated.
Ways to Prevent Property Handover Delays in Dubai
There are many ways to avoid property handover delays in Dubai. Whatever solution you find, compensation for the delay in handing over the property shall be written in the contract.
Here are a few ways to avoid delays in property handovers:
Research: You must ensure that you have researched the real estate for the best Dubai properties. You can learn about real estate agents and developers online and contact someone who knows a reputable and responsible property dealer.
Escrow Payments: You do not want to get in trouble with the money or delay in handing over the property. Therefore, you should make the payment through an escrow account. It allows you to keep your money safe, and the developer cannot withdraw their money unless they have met all the conditions of handing over the property.
Authentic Developer: You need to look for a developer who is permitted to work in Dubai’s real estate. Your investment is big and cannot be wasted without doing your homework to find a real developer in Dubai.
Contract: Read the contract carefully. It is a legal document that can be challenged by you or the developer if any property disputes arise.
You might think getting a property in the UAE is too much hassle as handover delays are normalized. However, you can hire legal consultants to support you at every step of managing the property handover. Your research about developers can be handled by the lawyer you have chosen. They can also guide you to a few available locations without any delays. You will not have to worry about developers if the legal team chooses one for you because they know the UAE developers. Always choose a legal expert with experience in managing handing over property delays rather than someone who has dealt with property disputes.
