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Is the Reservation Fee Refundable in Dubai?

In Dubai, the reservation fee is typically non-refundable, particularly when purchasing off-plan properties. Once paid, this fee serves as a commitment to purchase the property and is generally retained by the developer if the buyer decides to cancel the transaction. However, terms and conditions may vary depending on the developer's policies and the specifics outlined in the Sales and Purchase Agreement (SPA). In some cases, developers may offer partial refunds or negotiate different terms, but this is not guaranteed.

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Dubai real estate agency,
ready to help 24/7

Office 1403, Arenco Tower, Media City, Dubai, UAE

+971 58 517 9361

mail@insiderealty.ae

Inside Realty

Dubai real estate agency,
ready to help 24/7

Office 1403, Arenco Tower, Dubai

+971 58 517 9361

mail@insiderealty.ae

Inside Realty © 2024