Morning round-up: Pay for property you can't live in

[ Investors have complained to the Real Estate Regulatory Authority about their dealings with Dubai Properties, ]

Sarmad Khan reports in The National. Basically, the developer is demanding final payments for buyers at Executive Towers even though it has not given them their apartments. The final payment was contingent on hand-over, according to a letter sent out to the buyers in June. Dubai Properties says the keys haven't been given to buyers because it is using a "phased hand-over". The buyers, on the other hand, say that the project is having a hard time.

Photo caption: Dubai, 26th January 2009. The Executive Towers at the media tour in Business Bay.
Jeffrey E Biteng / The National

The

Ajman Real Estate Regulatory Agency

[ has ruled that developers will need permission to cancel any contracts with buyers ]

, Parag Deulgaonkar reports in Emirates Business 24/7.

[ Between 25 per cent and 30 per cent of buyers with Al Fara'a Properties are late in paying ]

, Alex Delmar-Morgan reports in Arabian Business.