ArabianBusiness.com - Middle East Business News
Friday, 06 November 2009 11:47 UAE time

YOUR DIRECTORY /

| Share |

Cutting corners devalues property

by ArabianBusiness.com staff writer  on Saturday, 14 June 2008

Developers have been warned that cutting corners on maintenance could lead to long term losses in the re-sale value of their properties.

Paul Anson, director of Dubai facilities management firm, Operon, said developers who were not prepared to invest in professional property maintenance could suffer in the same way as motorists who took their cars to cheap back street garages.

"Properties that are kept under a strict regime of planned maintenance and lifecycle replacements instead of ‘man in a van' maintenance will fare better in the second hand property market," said Anson.

Story continues below
advertisement

"When individuals decide to save a few dirhams by maintaining their cars in back street garages, they will have no service history or genuine parts and they will see a severely reduced second hand value.

Anson said large developers were starting to realise that the same principles applied to buildings and were now partnering with experienced FM companies to gain a competitive edge.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

RELATED STORIES

Operon Middle East
| 13 stories
  1. Facilitating growth
  2. Abu Dhabi 2008: quality vs quantity?

RELATED LINKS

  1. Operon Middle East»

 EMAIL ALERTS

  1. Operon Middle East

  2. Construction & Industry


Tell us your story

READER COMMENTS

  1. The tipping scandal 17
    06 Nov ' 09 at 11:00
    Damien, You are correct to raise this, but what you did not mention is that there is a heirarchy of tips that are distributed in some...   More  »
  2. Dubai house prices fall 4% in past six months 06
    05 Nov ' 09 at 19:04
    one thing that all the reports from various sources show a good upward trend or slowing decline depending on what data has been used....   More  »
  3. 59% Dubai residents still to ride metro - poll 03
    06 Nov ' 09 at 02:57
    Dubai government should consider some of the tactics used in Europe to reduce traffic. Higher toll fees, much higher gas prices,...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM