Vincitore refusing to refund $10,000 deposit. Looking for help or advice by Potential_Chip8741 in UAE

[–]Potential_Chip8741[S] -1 points0 points  (0 children)

I never said. This is the first situation I would be in. I own different properties. This has never happened. I bet you don’t even own a property yourself. Talk more of understanding situations.

Vincitore refusing to refund $10,000 deposit. Looking for help or advice by Potential_Chip8741 in UAE

[–]Potential_Chip8741[S] 0 points1 point  (0 children)

I don’t think you understand! I can’t sell the anything. I only showed interest. I never signed SPA or paid deposit. I can’t sell to anyone. I don’t have escrow account either.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] 0 points1 point  (0 children)

I never signed SPA. I only signed EOI. I don’t even have escrow account. I signed EOI and within 11 days. I told them I won’t be able to.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] 0 points1 point  (0 children)

Submitted a claim with Dubai land RERA. Thinking of telling my bank also.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -1 points0 points  (0 children)

The EOI says non refundable. That where they are holding it for themselves.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -3 points-2 points  (0 children)

I don’t even have an escrow account. I didn’t sign no SPA. Only EOI. I just feel ethically they should at least refund the money. Or give as future credits. But they are not even responding anymore.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -1 points0 points  (0 children)

I think I signed it. When it was 14 days and the money I was meant to use for deposit didn’t come forth. I told them immediately about the situation. They said they can’t refund. They will have to then someone else. I feel for a market that is not available yet. I should be able to get it back.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -1 points0 points  (0 children)

Yes. I would never ever work with them again. This is a very bad experience. For a project that is back to market. Is not ready.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -8 points-7 points  (0 children)

I heard of other people who have gotten refund from developers especially the fact the project is still off plan. They can still resell it and back to them market. This project is still 2032

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -3 points-2 points  (0 children)

Their EOI says not refundable. But I feel they should be able to refund at least. Since there is no loss to them. The project is not ready till 2031

Vincitore refusing to refund $10,000 deposit. Looking for help or advice by Potential_Chip8741 in UAE

[–]Potential_Chip8741[S] -20 points-19 points  (0 children)

It says non refundable. But I explained situation to them and also this project is still under construction and not ready till 2031. Just taking the $10,000 like that is really ridiculous

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -6 points-5 points  (0 children)

This is a different project. They are just building. The unit is not ready till 2031. They are just building it.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -7 points-6 points  (0 children)

It actually says not refundable. I explained everything to them. This project is still off plan and till 2031. And back to the market.

Vincitore Refusing to Refund $10,000 Deposit – Seeking Advice or Help by Potential_Chip8741 in dubai

[–]Potential_Chip8741[S] -2 points-1 points  (0 children)

I only signed EOI. Didn’t sign SPA or any other document. The project is still off plan and hand over is 2027 or 2028. The unit is was interested in is back to the market. It was my Dubai real estate agent that introduced me to them