Recovering deposits for 23 off-plan buyers.

Recovering deposits for 23 off-plan buyers.

A developer missed its handover date by two years. We brought the buyers together and recovered their deposits. Sample case study.

Practice

Real Estate

Forum

Dubai Land Department

Duration

7 months

Team

Youssef Farid, Rania Haddad

Outcome

Deposits returned

The challenge

Twenty-three buyers had paid deposits on apartments due for handover in 2023. Construction had stopped, and the developer was offering vouchers instead of refunds.

Most buyers lived abroad and none could justify paying for a case on their own.

Our approach

We acted for the buyers as one group, so the cost was shared and the pressure was not.

01

Organise the buyers

One engagement letter, one fixed fee split between the buyers and one WhatsApp group for updates.

02

Check the escrow

We reviewed the escrow account and the project registration to show the regulator the developer was in breach.

03

Negotiate the refunds

With a complaint filed, the developer agreed to refund every deposit in three instalments.

The outcome

The outcome

Every deposit returned, at a shared fixed fee.

2.1

AED m

Returned to buyers

23

buyers

Represented as one group

7

months

From first meeting to final refund

In the client’s words

“I live in London and could never have done this alone. One fee, one lawyer, and the money came back.”

Buyer · Sample testimonial

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