Nakheel warns Palm residents: "it's our beach"

Posted by: Shadow Monday, 1 October 2012 8:48 PM[UAE] - Italy

I would love to know what is RERA stand on all the property market mess and scams discovered lately.....

Posted by: fred Monday, 1 October 2012 12:57 PM[UAE] - Sweden

Nakhell say they are cheap. Residents say they are expensive. Can someone comment on how high the charges actually are.

Posted by: con Tuesday, 2 October 2012 10:52 AM[UAE] - United Arab Emirates

there was an article on this a few weeks back. i think they came up with around 10aed/sqft being a profitable charge for this location. if i remember correctly nakheel charge nearly twice that.

Posted by: Phil Gahn Monday, 1 October 2012 12:38 PM[UAE] - UAE

ALmost everyone that I know who owns a Nakheel property is in some kind of distress. When I talk to my business partners abroad they joke about Dubai properties and specifically quote Nakheel as a jewel in the crown of Dubai's terrible so called investor friendly environment. I have read about Nakheel executives in the newspapers and almost every other real estate broker tells me of the glorious days when they use to have arrangements with Nakheel executives on property launches.

Posted by: RaOne Monday, 1 October 2012 12:36 PM[UAE] - UAE

Nakheel will soon start chargin the oxygen you breathe on Palm...cause it is not there in the contract and so belongs to Nakheel.

And also the Road you take to your home in Palm...the owners did not pay for this road, its not in your contract... so may be in future Nakheel will put a toll gate at the Palm entrance...cause the Roads belongs to Nakheel.

Even in so called third world countries there are decent consumer protection laws where Nakheel could have been taken to task for Glossy Marketing Advertisements they published which promised everything (including Freehold visas) without ever mentioning charges for Beaches. Now it is lame they talk about contracts. Even if they are on right side of law, such attitude will only make things worse for them.

Posted by: George Sunday, 30 September 2012 9:19 PM[UAE] - Dubai

Nakheel's continued arrogance is incredible and unbelievable. As a Nakheel resident of Palm Jumeirah Shoreline Apartments, we are still experiencing:

- Service charges increased substantially each year, not to improve service but to provide profits to Nakheel

- Terrible maintenance by Nalheel. Rotting garbage in some basements of the Palm Shareline Apartments are a health hazard.

- Purchase contracts of Nakheel all show common areas as a shared ownership resource of the residents, and Nakheel arbitrarily takes them away and tries to charge everyone for them, even if they have paid every service charge.

- Palm District Cooling that was supposed to save money by doing it all as a common service, but is actually far more expensive than if each resident installed their own airconditioning.

- An arrogant and time consuming bureacracy from Nahkeel that makes everything difficult to achieve even if you follow every Nakheel directive to residents.

- Many more problems caused by Nakheel