As outlined in most Sales and Purchase Agreements (SPAs) before penalties apply.
Key Factors
Developers send reminders upon missed payments, granting this short window—often 15-30 days—to settle without late fees or interest. Exact durations vary by developer and SPA terms, so review your contract for specifics. [ from fetch]
Post-Grace Period
After the grace period, late penalties or interest accrue per the SPA. Continued default prompts developer notification to Dubai Land Department (DLD), leading to a formal 30-day notice for resolution or mediation. [ from fetch][ from fetch]
