Desperado seem to have good knowledge of Dubai Law. Can Desperado tell us if Developer can continue to collect the money as per schedule in the contract.
According to ACW Holdings contract you we are supposed to pay 80% regardless of any progress in construction, I argued with them that the payments are always related to construction but sometimes they are to be made at specific stages of construction. If the contract does link the payments to specific stages, even then you can not expect buyers to keep paying when contruction is not even started. In my opinion ACW Holdings acts non-ethical.