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    Jo Hopworth on Justice For Natalie – Na…
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    Dubai Citizen on Al Fajer Properties Case…
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  • RSS Dubai United Arab Emirates Property Real Estate Debt Fraud Developer Investor Court News

    • Criminal Complaint filed against Al Fajer Properties Sheikh Maktoum
      Criminal Complaint filed in Germany against Sheikh Maktoum Hasher Maktoum Juma Al Maktoum CEO of Dubai Developer Al Fajer Properties The Dubai Sheikh who mislead and extort a German Couple  Germany – Dubai 2011 A German elderly couple , today 80 + 50 years old who have been Dubai Tourists since a decade, bought in 2005 an apartment at Nakheel´s Dubai Residen […]
    • UAE: Human Rights Blogger, Sorbonne Lecturer Charged With ‘Humiliating' Officials
      source Human Rights Watch www.hrw.org (Beirut) - The United Arab Emirates attorney general should immediately drop all charges against five pro-democracy activists to halt their trial, Human Rights Watch said today. The charges of "humiliating" top officials relate solely to the defendants' peaceful use of speech to criticize the UAE governmen […]
    • Nakheel Dubai Sunland Case
      June 5, 2011After 21 hearings, Chris O'Donnell, the Australian chief executive of Dubai's major developer, Nakheel, came to the defence of his former colleagues Matthew Joyce and Marcus Lee. Mr Joyce and Mr Lee are accused of profiting from the sale of land that had been earmarked for a colossal high-rise development, which was to include the futur […]
    • Dubai Nakheel CEO decided to leave the company
      Dubai June 7, 2011 Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added. O'Donnell has overseen a traumatic time […]
    • Owner of Dubai Developer Damac Hussain Sajwani files case against Egypt corruption ruling
      Dubai property developer Damac said on Tuesday it had filed an international arbitration case against Egypt over a land dispute and the conviction of its chairman and owner, Hussain Sajwani.A Cairo court last week sentenced Sajwani in his absence to jail and ordered him to pay a $40.5 million fine in connection with his 2006 purchase of land at Egypt's […]
    • Dubai Palm Jumeriah - Investors plan to take legal action
      Investors in Dubai Palm Jumeirah’s Golden Mile complex will this week serve the developer behind the project with a legal ultimatum to hand over their units or issue them with a refund.Up to ten investors in the luxury complex plan to issue Souq Residences with legal notice in a bid to force a resolution to a dispute that has been ongoing for more than a yea […]
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Dubai Court Ruling – Contract is valid if part payment taken

Posted by 7starsdubai on May 20, 2010


source Emirates Business 24-7

The Dubai Court of Appeal has directed a developer to deliver a booked unit to the buyer despite a delay in the payment of the third installment. The court ruled that if a developer receives and accepts part payment for an instalment, this will be considered an approval in principle for extension of the payment period.

A buyer signed a contract on June 25, 2007, to buy a housing unit for Dh1.3 million – a sum to be paid in six installments. He paid the first and second installments on time, and then paid part of the third installment. When he wanted to pay the remaining part of the third installment, the company accountant refused to accept the payment. The company told the buyer that the purchase agreement was null and void. The buyer transferred the remaining amount via bank remittance to the company’s account, which it received. The court saw the company’s acceptance of the payment as implied acceptance of the continuation of the contract.

Before giving the verdict, the Court of First Instance wrote to the Real Estate Regulatory Agency (Rera) to check whether the property was registered. Rera said the contract had not been registered, and the court ruled that the contract was null and void and directed the seller to pay back the money received from the buyer.

The two parties to the contract challenged the ruling, based on the fact that the contract was concluded before the issue of Law No13 of 2008.

The seller stuck to the annulment of the contract while the buyer, through his agent lawyer Mohammed Abdul Karim, also said it was valid and stuck to it.

The court said the company unilaterally annulled the contract without commitment to the steps that should be followed according to the contract – imposing a one per cent interest per each day of payment delay. And if the buyer did not correct his position within 30 days, the seller has the right to annul the contract within 14 days following the first 30 days.

The court ruled that the contract shall be implemented and that the company is obliged to pay the litigation and advocacy expenses.

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