Skip Ribbon Commands
Skip to main content
SharePoint

Request for Termination of Contract Due to Failure by an Investor to Comply with his Contractual Obligations

Description

This service allows developers to serve notices to investors regarding their failure to pay the installments pursuant to the payment schedule based on the percentage of completion approved by the Real Estate Regulatory Agency (RERA), or the payment schedule stipulated in the contract between the parties.
To apply for this service, the real estate unit must be registered in the Interim Real Estate Register maintained by Dubai Land Department. The project must also be approved by the Real Estate Regulatory Agency (RERA), active, and free of any restrictions or encumbrances.

The service is provided by the Legal Affairs Department

Required Documents
  1. Copies of the first and last page of the sale agreement of the unit indicating the address and signature of the investor and the payment schedule.
  2. Copy of the buyer’s Passport or ID, or copy of the Commercial License and copy of the Passport of the authorised signatory in case the buyer is a company. The Commercial License must include the name of the authorised signatory.
  3. Fist notice sent by the real estate developer to the buyer, and confirmation that it was duly served.
  4. A notice sent by Dubai Land Department to the buyer, and confirmation that it was duly served. Where the notice issued by Dubai Land Department is not received by the buyer, the developer shall serve the notice by publication in Arabic and English in two official newspaper after following the procedures prescripted by the Real Estate Regulatory Agency
  5. Technical report in case the property to be cancelled is a Villa
Service Procedures
The customer shall login to Oqood Portal and choose the service and submit the required document and pay the fees electonically through Noqoodi
Service Fee
  • AED 600
  • AED 10 Knowledge Fees
  • AED 10 Innovation fees
Service Branches

Oqood Portal- Real Estate Developers Portal

 
Related Services Oqood System
Additional Information

​N/A

Last updated 10/02/2019 15:33:17
To Top
Happiness Measure