We follow multiple working mechanisms to handle incomplete real estate project disputes. Our associate real estate lawyers in Dubai provide relief to those who are suffering from stalled estate projects. We provide assistance to investors and developers by drafting legal documentation that is required for better mutual cooperation. We aim to provide wide-ranging legal services to our clients.
Resolution of Falling Out of Stalled Real Estate Projects
Below are two services we offer for settling the delayed real estate projects:
- Retrieval of Projects through Resolution Trust Corporation
This is the fast recovery of stalled real estate projects. The corporation can take over the declining enterprise at a low price in this way. Furthermore, underlying assets of the enterprise are vented out, so that the developers can start their real estate project without any difficulty. We offer services for both the public and private sectors.
- Expulsion of Projects through Judicial Committee
The judicial committee is established for projects canceled by the Real Estate Regulatory Authority. This committee consists of the best real estate lawyers in Dubai who have full authority over disputes related to stalled projects. The decision is finalized after resolving the case with a mutual understanding of both parties. No other judicial body or arbitrators can give decision in such disputes.
Corrective Measures Claimed by Developer and Investor
Upon failing to revive the stalled projects both investors and developers demand certain rectifications preceding the resolution process.
Subsidy for Investors
The subsequent reliefs are offers for investors:
- Reducing the worth
- Improving the units
- Increasing the payments due date
Subsidy for Developers
Reliefs provided for the developers include:
- Developers can transfer the ownership of their project to a third party if they are cable of managing it.
- They can request extensions in completing their projects.
Four Fundamental Factors need to be Considered
Following things are considered by real estate lawyers in Dubai whilsthandlingdelayed projects:
- Validate the owners
- Establish the land interest
- Investigate about the third party
- undertake financial due diligence
Wrapping up the context
We have well-experienced associate lawyers who are proficient in dealing with real estate disputes. Our associate legal advocates are skilled in dealing with developers and investors. We provide valuable services on account of stalled real estate projects in Sharjah, Abu Dhabi, Ajman, and other states of UAE.
So what are you waiting for? Contact our associates for resolving your disputes. We will be providing you with an acceptable decision. We are dedicated to offering personalized services for every client and hope for feasible results. Book your consultation and gather further information related to real estate disputes.