The long-term maintenance and sustainability of Dubai’s building stock is the current pressing priority of the emirate’s real-estate sector, HE Marwan Bin Ghalaita, the CEO of RERA, said recently. “The coming future of what we are going to be dealing with here is the operation of buildings. The development cycle is finished, or about to finish, because we have built great buildings for the last three to four years.
“Now we are completing whatever we started in 2005, so it is time to start operating those businesses and generate a lot of income and make sure that those buildings are maintained and are sustainable,” said Ghulaita.
He added that while previously attention had focused on contracts and delivery, “nowadays the story has changed; everybody is talking about defects, bad maintenance, the slow response from FM companies and wrong design decisions in buildings. That is why I want to emphasise that the FM industry is going to play a very important and significant role in Dubai’s real-estate sector,” said Ghulaita.
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