My developer delayed off-plan handover by almost 2 years, can I cancel contract and get money back?
So guys, I bought an off plan 1 bedroom apartment in JVC back in 2023, with a promised completion date of mid 2024. Now fast forward to mid 2026 and the building is barely at 75% progress according to the dubai rest app the developer keeps sending generic emails blaming supply chain issues and shifting the completion date every few months. I’ve paid 60% of the purchase price into the escrow account already. Under rera / dld rules, at what point can a buyer legally terminate the spa (sale & purchase agreement) and claim a full refund plus interest? do I have to file a formal dispute at dld first, or can a lawyer file straight to court to freeze the escrow payments? would love to hear from anyone who successfully got their money back from a delayed developer