Is the Property Buyer in Dubai Entitled to Compensation if the Project Is Delayed?
If a real estate project is not completed on time, the buyer may be entitled to compensation depending on the terms of the sales and purchase agreement (SPA) and the applicable laws in Dubai. The agreement typically outlines penalties for delays and the buyer’s rights in such situations.
Dubai’s Real Estate Regulatory Agency (RERA) provides protections for buyers, and if the developer fails to deliver the project on time, buyers can seek recourse, including compensation, through legal channels. However, the ability to claim compensation or penalties depends on the specific contract terms and the circumstances of the delay, such as force majeure events or issues beyond the developer’s control.
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