Abu Dhabi has introduced a new law allowing developers to cancel off-plan property contracts under specific conditions, aiming to balance developer efficiency with buyer protection. The law outlines a detailed process for termination, including formal notices, a mandatory 60-day cure period, and potential mediation through the Department of Municipalities and Transport (DMT). Buyers are given rights to challenge termination in court or arbitration, ensuring a fair and transparent real estate market in the Emirate.
