Quote:
Originally Posted by chiquita
I bought arabian crown a year ago. They said it would be completed on end of 2007. Now there must be almost 2 years delay. Do I have a right to ask them to give any kind of compensation? I already paid 40% of whole amount.
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Hi Chiquita,
Both Arabian Crown and Windsor Apartments, wgere I have bought are being developed by MED (Middle East Developments) and I believe very similiar contracts. Mine states that if any delay is caused by the MASTER developer, which in this case is Galadari's, they (MED) are NOT liable for any compensation and guess what.......all the delays to date have been attributed to the master developer, so I would believe no compensation is due, but you can always check with MED.
I would also be interested to hear from anyone else that has bought in the Windsor Apartments, to exchange general views, regarding delays and the investment in general.
Regards
Stuart