I signed an SPA with the Seller in Dubai and provided a bank guarantee cheque of 10% of the purchase amount. However, the Seller later decided not to effect the transfer of the title deed for whatever reason. Am I entitled to ask for compensation in addition to my deposit?

Answer:


  If you have stated a special condition in the SPA that compensation will be awarded in addition to the deposit, then you will be entitled to it. Otherwise, there will be no additional compensation provided.
 
Close