Poor Old Emaar Properties
Mar 21st 2011, 4:14 pm
#1
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Joined: Mar 2011
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Poor Old Emaar Properties
i am so sorry to hear that Emaar have had to once again increase my Community charges this year. Not 2%, or 3% or even a massive 5%........OH NO!!!!!!! a Whopping 35%!!!!!!!!!!!, especially after I have just read a report that there profits for 1st Q 2010, was only 1.6 BILLION DIRHAMS, I guess they need to round it off to about 10 BILLION for 2011. Poor old Emaar... I can see why people are Leaving Dubai in their droves with such ridiculous increases. It seems that the government of Dubai are doing everything they can to get Dubai and the UAE back to the good old days, and yet such companies like Emaar want to spoil the chances of that happening, Oh well, maybe one day, they might even build the community swimming pool they promised me 6 years ago, and finish the 4 years worth of road works. One can only Dream! 
Mar 21st 2011, 4:19 pm
#2
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Re: Poor Old Emaar Properties
Just found this as well. - Laughable!!!
Emaar hikes service charges for The Meadows by 34 per cent
Emaar PropertiesEmaar PropertiesEmaar Properties has increased community service charges for The Meadows for 2011, which is 34 per cent higher than the last year.
In a circular, e-mailed to Meadows owners', EmaarEmaar said the community charges were set at Dh1.92 square foot of plot area for 2011. Last year, the service charge were at Dh1.43.
A call centre executive for EmaarEmaar told Emirates 24|7 that the service charges had been approved by the homeowners association and Real Estate Regulatory AgencyReal Estate Regulatory Agency (ReraRera).
Service fees, however, for the Springs community has not been hiked and stands at Dh2.03 for 2011. No service charges have yet been set for Arabian Ranches. Owners there paid Dh1.78 per square feet of plot area in 2010.
EmaarEmaar told home owners last year: "We have experienced a challenging year due to the global financial crisis. Despite uncertainties in the market, we have striven to provide our owners and residents a quality service to ensure that the community retains its position as one of the most sought-after freehold communities in Dubai."
ReraRera has already made it clear that developers cannot raise service charges without seeking approval from it.
The Strata Law guidelines released in March last year made it mandatory for all developers to set up owners associations.
In August 2010, an EmaarEmaar spokesperson told this website that the company will work with owners associations on an advisory capacity if the quality standards in the communities fall below a certain level.
"As the master developer, we will work with owners associations on an advisory capacity if the quality standards fall below what is expected. It is in the interest of home owners to uphold best practices in community management as it is their community, and upholding its standards is imperative for long-term value," the spokesperson had said.
Emaar hikes service charges for The Meadows by 34 per cent
Emaar PropertiesEmaar PropertiesEmaar Properties has increased community service charges for The Meadows for 2011, which is 34 per cent higher than the last year.
In a circular, e-mailed to Meadows owners', EmaarEmaar said the community charges were set at Dh1.92 square foot of plot area for 2011. Last year, the service charge were at Dh1.43.
A call centre executive for EmaarEmaar told Emirates 24|7 that the service charges had been approved by the homeowners association and Real Estate Regulatory AgencyReal Estate Regulatory Agency (ReraRera).
Service fees, however, for the Springs community has not been hiked and stands at Dh2.03 for 2011. No service charges have yet been set for Arabian Ranches. Owners there paid Dh1.78 per square feet of plot area in 2010.
EmaarEmaar told home owners last year: "We have experienced a challenging year due to the global financial crisis. Despite uncertainties in the market, we have striven to provide our owners and residents a quality service to ensure that the community retains its position as one of the most sought-after freehold communities in Dubai."
ReraRera has already made it clear that developers cannot raise service charges without seeking approval from it.
The Strata Law guidelines released in March last year made it mandatory for all developers to set up owners associations.
In August 2010, an EmaarEmaar spokesperson told this website that the company will work with owners associations on an advisory capacity if the quality standards in the communities fall below a certain level.
"As the master developer, we will work with owners associations on an advisory capacity if the quality standards fall below what is expected. It is in the interest of home owners to uphold best practices in community management as it is their community, and upholding its standards is imperative for long-term value," the spokesperson had said.
Mar 21st 2011, 4:23 pm
#3
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Re: Poor Old Emaar Properties
Shall We Protest ???? :Seems the fansionable thing to do in the Sand Pit these days
Who's up for a protest ? Banner's and all
Last edited by expatrum; Mar 21st 2011 at 4:25 pm.
Mar 21st 2011, 4:28 pm
#4
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Posts: 1,805
Re: Poor Old Emaar Properties
4/5 of **** all is still **** all
Mar 22nd 2011, 3:06 am
#5
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Re: Poor Old Emaar Properties
err...you can always move...
MM, xx
MM, xx
Mar 22nd 2011, 4:51 am
#7
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Mar 22nd 2011, 5:16 am
#8
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Poor Old Emaar Properties
Given that DEWA increased water rates by 20% this year it's hardly surprising.
These fees can only ever go upwards. The day the decide to charge for water at true cost (and not at a cost way below the cost of production) will be a very painful day for those who own properties.
These fees can only ever go upwards. The day the decide to charge for water at true cost (and not at a cost way below the cost of production) will be a very painful day for those who own properties.
Mar 22nd 2011, 10:30 am
#14
Bored liberal
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