Thread: Law Concerning Guarantee Accounts Of Real Estate Developments In The Emirate Of Dubai
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sheikh90 Offline
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Default Re: Law Concerning Guarantee Accounts Of Real Estate Developments In The Emirate Of D - 10-07-2008, 10:16 PM
The Developer is ACW Holdings whose sister company is Skycom Investment.

The contract schedule does not directly link to the construction stages.
Though I believe Dubai Authorities do not allow the developer to collect more than 40% of the price if the contruction has not started. The Court of Law should not support the developer to collect 80% money when the construction is not even 10%.

The Buyers should be aware that ACW Holdings is registered in British Virgin Island.
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