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
Trump casino resort business files for bankruptcy

Trump casino resort business files for bankruptcy

The Donald founded the companies but is now suing them to have...

Do celebrity branded projects ever work?

Do celebrity branded projects ever work?

The long list of celebrity-endorsed real estate developments...

1
Is this the end of the Gulf’s Indian cash dash?

Is this the end of the Gulf’s Indian cash dash?

From currency woes to taxation loopholes closing and a clampdown...

2
Most Discussed