Mou
Just received my MOU a few weeks ago. I enquired to the validity of pursuing Al Attar for any compensation based on the Reservation Agreement, which I assume is the only conract most people have. Unfortunately there is very little in way of using this as compensation so I signed the MOU and sent it back. My contact who advised me on this matter is involved in the construction industry for another firm. I'm not defending Al Attar but my friend informed me that the blame lies with Nakheel(being the master developer) in delaying the land handover to Al Attar to begin construction. I just hope Al Attar make faster progress than that shown so far as these developments look high quality and better than most around Intl City. I'm sticking with this as the value of most property in Dubai are continue to rocket.....unlike the current state in the UK where I've just managed to knock 50K off the asking price of a flat initially priced at 305k!
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