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Real estate firm ordered to pay Dhs1.8m to investor
Gulf Today
|April 02, 2025
DUBAI: Dubai Real Estate Court has ordered a real estate development company to pay Dhs1.81 million to an Asian investor due to the company's failure to deliver a plot of land she had purchased to build a villa on. The company also failed to protect the investor's rights, and acted with deceit and use of a false auction.
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According to the case file, the investor filed a lawsuit against the project's owning company, the managing company, the project itself, and the owner of the first company, requesting the return of Dhs1,805,000, which she had paid for a 605sqm estate plot of land to build a villa, along with Dhs1,000,000 in compensation for the damage she incurred.
The four appellees submitted memoranda requesting the dismissal of the lawsuit, arguing that there was no basis for the investor's request to terminate the contract.
This story is from the April 02, 2025 edition of Gulf Today.
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