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Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer?

April 26, 2017Case Construction Developer foreign investors Legal non-completion poor safeguards

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Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer?

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Yes, there are codes of standards applied by the Dubai Municipality regarding building permits and contractual clauses. The developer will have to maintain the standards as stipulated in the regulations issued with regards to building construction, and also safety issues. In the event of a problem, assistance can be found from the contract entered into with the developer. This may contain building covenants which often provide a guarantee of workmanship of 10 years. There is also the civil code of the UAE which contains protection regarding building standards .