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The court obliges a real estate buyer to pay one million and 680 thousand dirhams

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The Real Estate Court in Dubai issued a ruling to compel a real estate buyer to pay a million and 680 thousand dirhams to the seller, representing 80% of the deposit of 2.1 million dirhams, which the real estate brokerage company maintains according to an insurance check, and the court also ruled the buyer to pay a legal interest 5% annually from the date of the judicial claim and until the full payment, as it is compensation for the delay in fulfilling the commitment to purchase the unit Real Estate. The seller of one of the real estate units had filed a lawsuit in which he called for the annulment of the sale contract, based on the items mentioned in the contract and stipulated that the withdrawal of the buyer, after signing the agreement, must pay a fine of 10% of the total value of the deal, 80% of it for the seller and 20% for the mediator. As well

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