Strata Law - discussions

[dagmeister]

Hope you're wrong Sal but I say that more in hope than expectation. If you're prediction is correct then for all their confidence or even arrogance, the emirate and the emiratis will be in for a rude awakening. Then again they just might not care if the current crisis becomes totally irreversible and the dream implodes. Doubt HH thinks like that though.

The next few months will be interesting. I'm at the wait and see rather than predictions stage personally.

[Sal1]

Hope you're wrong Sal but I say that more in hope than expectation. If you're prediction is correct then for all their confidence or even arrogance, the emirate and the emiratis will be in for a rude awakening. Then again they just might not care if the current crisis becomes totally irreversible and the dream implodes. Doubt HH thinks like that though.

The next few months will be interesting. I'm at the wait and see rather than predictions stage personally.

I always hope I am wrong but all indicators are tending towards the catastrophy scenario.
There are serious discussions ( lobbying by developers mainly) to delay implementation of essential laws again. Banks are in Limbo. DU and Etisalat dont know anymore what to do to show positive figures and they have big pressure to reduce prices. Empower, EMCOOL are confronted with market reaction and need to invest in individual meters in many buildings as well as negotiate the way they charge. RTA has serious issues paying suppliers, developers (everybody knows about the their sad situation), DIFC and stock market is loosing investors by the day, Businesses are closing due to high costs and administrative none sense.etc....

I had a business dinner with some local high profile people and they are all investing in other countries to reduce the risks on 2010 losses in UAE. some are thinking in existing the market all together, others are doing it in a more discrete manner.

I am afraid, there is nobody in Dubai with political courage to tell the ruler the truth about the seriousness of the situation.
Dubai Inc will need a serious restructuring but this will emply being tough on Emiratis too. not in the agenda.
The wake up will be very tough

[Sal1]

http://www.zawya.com/story.cfm/sidZAWYA20100801045403
EMAAR advising HOA's

[Sal1]

Well, well other developers are doing it.... but Dubai Properties the worse developer of this Planet doesnt want to have an owners association for obvious reasons: keep cheating on service charges and bad quality services

http://www1.albawaba.com/en/news/tameer-%E2%80%93-%E2%80%9C-palace-towers%E2%80%9D-interim-owners-association-board-has-been-elected

What they forget is that by end of August I can create my own association in my building by getting 3 other owners on board. We will have fun in october.......

[Sal1]

Once again Salwan and Dubai Properties (worse companies in the world) are dragging their feets.
No sign of any progress in JBR.

Any update from other owners?
http://www.thenational.ae/apps/pbcs.dll/article?AID=/20100814/BUSINESS/708149908

Dubai Strata Law was made to push people away?
http://gulfnews.com/business/property/uae/strata-law-a-home-truth-1.670240

Anybody there?
http://www.propertywire.com/news/middle-east/gulf-property-protection-demand-201007284351.html

[DavidH]

The article from The National was interesting : "Energy and district cooling costs at the 40-storey Mag 214 Tower are about Dh2.2 million a year, Mr Bassit said. The owner association is exploring the possibility of installing sensors in the hallways that turn on lights only when somebody is using them."

From Salwan's faux audit published earlier this year, for a single 38 story tower we were looking at Dh4.4M for utilities & district cooling per year. Raised the issue with Salwan with questions on: dewa meter reading procedure, rogue connections (after master building water meter there was a large pipe connection heading off towards the walk), empower meter reading procedures and asked for data on all the common area items requireing chilled water. As expected, Salwan went into to stealth mode never to be heard from again.

Would be nice if all we needed was few hallway sensors to solve the problem

[Dillon]

1, The owner association is exploring the possibility of installing sensors in the hallways that turn on lights only when somebody is using them."
2, Dewa meter reading procedure, rogue connections (after master building water meter there was a large pipe connection heading off towards the walk),
3, Empower meter reading procedures and asked for data on all the common area items requireing chilled water.
4, Would be nice if all we needed was few hallway sensors to solve the problem

4 Reasons why, as stated previously “It will be the responsibility of the exiting management team to handover the installation in a fully operational condition, as the O&M manuals and their recommendations and contractual agreements between the exiting management team and their service providers. And the responsibility of the new management and their paid advisers’ to ensure this is completed successfully.

The First big issue for the new management team will be to leverage all the relevant updated Property Records and FM related Documentation from DP/Salwan/Idama, this task shouldn’t be underestimated, rest assured it will be a huge task if done properly and the single most important of the new management team.”