Comments on: Property Developers in Dubai Unable to repay Deposits on Cancelled Projects http://internationalpropertyinvestment.com/property-developers-in-dubai-unable-to-repay-deposits-on-cancelled-projects Property Investment around the World - Buying Investment Properties Fri, 14 Oct 2011 16:38:56 +0000 hourly 1 By: Mark Knowles http://internationalpropertyinvestment.com/property-developers-in-dubai-unable-to-repay-deposits-on-cancelled-projects#comment-20922 Mark Knowles Sat, 28 Mar 2009 16:37:59 +0000 http://internationalpropertyinvestment.com/?p=1508#comment-20922 I would be tempted to use the late delivery clause - the developers themselves do not know what is going on. if you can back out, I recommend doing so. Prices can only go down for the next 18-24 months anyway. Some of the developers are discounting existing projects and "consolidating": http://internationalpropertyinvestment.com/deyaar-development-in-dubai-suffering-60-percent-default-rate I would be tempted to use the late delivery clause – the developers themselves do not know what is going on. if you can back out, I recommend doing so. Prices can only go down for the next 18-24 months anyway. Some of the developers are discounting existing projects and “consolidating”:

http://internationalpropertyinvestment.com/deyaar-development-in-dubai-suffering-60-percent-default-rate

]]> By: robert Fernie http://internationalpropertyinvestment.com/property-developers-in-dubai-unable-to-repay-deposits-on-cancelled-projects#comment-20906 robert Fernie Sat, 28 Mar 2009 12:07:21 +0000 http://internationalpropertyinvestment.com/?p=1508#comment-20906 I have an apartment in Windtower 1 JLT but I am unsure as to the status of progress, whether they have an escrow account or whether I should use the "late delivery" clause in my contract. (I do not know how long drawn out this will be) I have an apartment in Windtower 1 JLT but I am unsure as to the status of progress, whether they have an escrow account or whether I should use the “late delivery” clause in my contract. (I do not know how long drawn out this will be)

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