Damages

Damages are monetary compensation awarded for loss or injury caused by breach of contract or wrongful conduct in a real estate transaction.


Damage TypePurpose
CompensatoryActual losses suffered
LiquidatedPre-agreed amount in contract
ConsequentialIndirect losses from breach
NominalToken amount when loss unproven
PunitiveRarely awarded in UAE contract cases
Calculation FactorsConsideration
Actual lossProven financial harm
ForeseeabilityReasonably anticipated
Mitigation dutyInjured party must minimize loss
Market conditionsProperty value changes

Related Terms

Liquidated Damages CompensationBreach of ContractSpecific Performance

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