Sorry been busy at work however will spend some time answering this as it is very relevant to International City and I do not understand why Nahkeel do not see this as a ticking time bomb as it is going to upset many investors.
My thoughts are that this must change, why would you buy into a project for an investment purpose and then be held to ransom AFTER you have paid all associated charges and own an apartment.
To take some one to court in Dubai is a little different than in England or Australia or the USA or for that matter developed nations where there is an established real estate market, laws and regulations.
Investors are not aware that they can open a Police Case against a Real Estate Agent or developer and the Police Public Prosecutor will decide if a Criminal case exists that will then go to court.
If no criminal case against the defendant is found, it does not mean the party is not guilty, you can still go to Court and have them tried through a civil process. This will involve placing a cheque amount as Guarantee for the money or amount in dispute. The cheque will not be cashed, however the law in Dubai stands that if you write a cheque it must be honored and if you have insufficient funds then you can be placed in jail. Also once a cheque is written it can not be canceled with a phone call to the bank, once again you must use the legal system to cancel a cheque!
My thoughts. If the Building owner refuses to turn up, refuses to delegate power of Attorney for transfer of sale then document this, have the documents translated into Arabic and open a Police Case and inform Nahkeel and RERA as both RERA and Nahkeel seem reluctant to become actively involved at this stage.
Bet you will get co-operation after that!
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