Cutting corners devalues property

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.

"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.

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