Pearl-Qatar further slashes service charges

  • Share via facebook
  • Tweet this
  • Bookmark and Share

A reduction in the common property service charges was approved for one of The Pearl-Qatar’s Viva Bahriya towers.

This comes a few months after United Development Company (UDC) slashed the master community service charges at The Pearl-Qatar by 33 percent.

At the Annual General Meeting of the co-owners' association of Viva Bahriyah 29, a co-owned property in The Pearl-Qatar, owners approved a budget for the ensuing financial year that will cut common property service charges by 25 percent.

The approved reduction rate applies to all of the 370 individual units that make up Viva Bahriya 29 and covers the lobby, lifts, swimming pool, amenities, security, cleaning and other services considered to be part of the common property.

Administration of the common property falls under ‘The Pearl Owners Corporation’ (TPOC) management, appointed via thje co-owners' constitution.

TPOC, which serves as the appointed manager of the Co-Owners Association, concentrates on 'best value for money' and close monitoring of the facilities services rendered.

In the last financial year, a service charge surplus was achieved, and according to the Co-Owners Association's Constitution, any surplus is to be applied to the next financial year service charges. The surplus is reallocated to the next financial year, bringing the total savings for 2013 in service charges by owners to 45 percent.

Ebrahim Mubarak Al-Sulaiti, CEO of Pearl-Qatar's master developer United Development Company, said: “This is in line with UDC’s vision for The Pearl-Qatar. We are actively striving and supporting all service providers to decrease the cost of living in The Pearl-Qatar, without sacrificing quality and living standards."

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Red Snappa

The Pearl-Qatar is Qatar's version of the Palm Jumeirah, a shame that the service charge cost-cutting policies are not mirrored over here in Dubai. A completely different attitude and approach it would seem.

Posted by: Will

Hi Snappa,

I have been following your comments, they always make sence to me. What do you think of Doha residential market, specially the Pearl which is the only area open to foreign investors..?

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Time to invest?

Time to invest?

Foreign investors are seeing Qatar as an ideal place to purchase...

1
Heading for a correction?

Heading for a correction?

Property prices may have held relatively steady in Lebanon during...

1
Emaar's 'city of the future' explained

Emaar's 'city of the future' explained

The Iraqi city of Erbil is aiming to build on Dubai’s rapid march...

1
Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams