Al Safar and Partners has over 20 years of legal consulting experience in the UAE and beyond. The law firm has also been dealing with real estate disputes since 2006 and the company has helped more than 4,000 people resolve their property issues. Al Safar is among one of the best court firms in Dubai for the number of cases registered.
In the real estate legal field, Al Safar and Partners offers dispute resolution, real estate purchase and investment services as well as sale and purchase services.
Real estate transactions are one of the most controversial legal issues in Dubai and Kavitha S. Panicker, Managing Partner of Al Safar and Partners, says every step is taken early on to avoid any future litigation. In the event of legal action, she says Al Safar and its partners are working tirelessly and diligently to ensure that clients’ investments can be repaid with the least disruption.
When the SPA clearly indicates the trademark of the property and at the time of signing the SPA that the property will be a famous trademark, upon surrender, if the trademark is changed, you have the right to ask the court to terminate the SPA and get a full refund as well as compensation.
– Kavitha S. Panicker, Managing Partner of Al Safar and Partners
Panicker says the majority of the real estate legal services they provide are for Sale and Purchase Agreements (SPAs) and, in some cases, reservation agreements as well.
She says that due to the UAE’s very transparent legal system, Al Safar and its partners can often help clients terminate SPAs for contractual reasons, especially when delivery of the property is delayed. “We would first need to review the SPA. If it stipulates the delivery date of an asset and the extension period but no notice has been issued to confirm a further extension of the delivery date, you have the right to ask the court to terminate the SPA. and to request full reimbursement and compensation thereof. ,” she says.
She also says that often disputes arise when clients are misled about the size of the property they are investing in and this needs to be specifically stated in the SPA. “Upon examination of the SPA, if the floor plan signed by both parties and the value paid according to the living space at the handover show a difference of more than 6%, and this difference is officially authenticated by the court appointed engineering expert then in the above case you have the right to ask the court to terminate the SPA and you will receive a full refund as well as the option to seek compensation, ”she said.
Another area of dispute can arise when clients invest in hotel apartments but at the discount they receive a residential unit. “If the SPA clearly states that the property is a hotel apartment and both parties have signed the agreement and there is no rider signed by both parties who agree otherwise, you have the right to ask the court to terminate the SPA and receive a full refund, “Panicker says. She says Al Safar and Partners will also seek compensation in such cases.
Panicker says fraud can be a common problem in real estate transactions in Dubai, so she and her colleagues are working to study the contracts and eliminate any discrepancies that could pose a risk to clients. It refers to situations where investors think of buying properties associated with famous or prestigious brands, only to find out that is not the case upon disposal. Yet, with due diligence and the proper documentation, refunds and compensation can be obtained through legal channels.
“When the SPA clearly indicates the trademark of the property and at the time of signing the SPA that the property will be a famous mark, upon surrender, if the mark is changed, you have the right to ask the court to terminate the SPA and get a full refund and compensation.
For real estate transactions, Al Safar and Partners takes care of all the documents required for legal and government procedures and the various government approvals required in relation to real estate / real estate transactions.
For more information, contact: [email protected]