Help for Dubai homeowners

Posted by: jpv Sunday, 24 March 2013 12:03 AM[UAE] - UAE

The law is never going to be enforced. Both Emaar and Nakheel are indirectly owned by the government and you really think the power will be relinquished??? NEVER!!!!

Posted by: Disillusioned owner Tuesday, 19 March 2013 9:02 AM[UAE] - UAE

This is not a news article - it is an article written out of motivated self interest as an extended advert for Stratum Owners Association Management.

It is increasingly unlikely that the 2007 JOP laws will be fully implemented. It is extremely unlikely that OAs as defined in that law will ever be registered. I fully expect to see a revision to this legislation.

Meanwhile developers retain control - appointing their own subsidiaries for everything from management to maintainance to security.

And few people really seems to care. Service fees still get paid. Property prices have widely recovered; rent increases mean happier investors and there appears to be decent demand for well sited new property.

Posted by: Telcoguy Tuesday, 19 March 2013 1:38 PM[UAE] - UAE

"This is not a news article - it is an article written out of motivated self interest as an extended advert for Stratum Owners Association Management. "
Yes, like many others in AB

"It is increasingly unlikely that the 2007 JOP laws will be fully implemented. It is extremely unlikely that OAs as defined in that law will ever be registered. I fully expect to see a revision to this legislation. "
No, most likely nothing will happen. Laws in the books will look good, implementation will be promised. It has worked so far.

"Meanwhile developers retain control - appointing their own subsidiaries for everything from management to maintainance to security. "
Yes, it transfers money from expat buyers to local companies. Mission Accomplished

"And few people really seems to care. Service fees still get paid. Property prices have widely recovered; rent increases mean happier investors and there appears to be decent demand for well sited new property. "
The ones who care rent. Everybody is happy

Posted by: Dispaointed owner Monday, 18 March 2013 9:05 PM[UAE] - Italy

Lost hope bro. RERA is not interested to remove the power from developer or to improve transparency on what owners are paying to companies owed by developers.

Posted by: twistedtory Sunday, 17 March 2013 3:54 PM[UAE] - UAE

In what we believed was a legitimate move to comply with imminent strata law, dozens of homeowners were elected to interim home owners association boards in 2009-2010. Many of us remain interim, marginalized and sidelined by a developer who continues to act with impugnity and utter disregard for the law. I certainly hope RERA will start enforcing these requirements and penalizing developers who don't comply - soon.