Compensation

Compensation is payment awarded to a party for loss, damages, or breach of contract in a real estate transaction.

Compensation TypeBasis
Delay damagesOff-plan completion delays
Breach of contractFailure to perform obligations
Defect remediationSnagging issues unresolved
Wrongful terminationUnjustified contract cancellation
Dubai StandardsTypical Awards
Developer delayAED 10 per day per square meter typical
Seller breachDeposit return plus damages
Agent negligenceActual losses incurred
Defect costsRepair expenses plus impact


Related Terms

CompensationLiquidated DamagesDeveloper ObligationsTermination

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