Property seller loses AED850,000 claim after Abu Dhabi court rejects penalty clause demand

Property seller loses AED850,000 claim after Abu Dhabi court rejects penalty clause demand

Abu Dhabi: The Abu Dhabi Commercial Court of First Instance has dismissed a property seller's claim for AED850,000 in contractual compensation after ruling that the lawsuit was not based on a valid legal foundation.According to court records, the claimant filed a lawsuit against a man and a woman, seeking AED850,000 in agreed compensation, legal interest, court fees, expenses and legal costs.The claimant stated that he had entered into an agreem…