Posted by: fouad Sunday, 2 October 2011 9:53 AM[UAE] - lebanon

Elementary my dear Mr Watson !!!

Obviously one cannot keep fooloing investors for ever. Constructions in Palm, Marina, down town etc.. do not worth more than $.800.-/m2

One cannot also keep targeting owners with the present level of collected maintenance charges. This is kind of maintenace needs to reduce to its quarter.

A tenant in Palm has to pay 125 Dhs, minimu charge, everytime he calls someone for a problem in the flat while the owner is paying a ridiculous amount for a maintenance that ends up being charged to the tenant by the same managers of the building.


So this kind of practice must change for the real estate market to eventually start being beneficial to buyers.