DCC 4/2011
Type
Case
Court
Dubai Court of Cassation
Jurisdiction
Dubai
Taxonomy
General Real Property Law, General Commercial Law
Copyright
LexisNexis
Decision date
19 Jun 2011
Catchwords
Lawsuit – Interest – Completion – Villa – Purchase
This case involved a lawsuit filed by the respondent against the two appellants imposing them to jointly pay the amount of (AED 191.345) with interest equal to 12% from the due date until completion. The Court of First Instance ruled in favor of the respondents. The defendants filed an appeal in the Court of Appeal in Cassation, which the latter confirmed the appealed judgment.
Background
After perusing the documents and hearing the summary report prepared and recited at the pleading session by Judge Rapporteur ------, and after deliberation.