close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

UP and its legal loophole

UP and its legal loophole

This is the second time in a month that Union Properties angers residents with a fee hike. Will the Dubai-based developer accept its obligations to Rera?

1

March 2, 2009 5:29 by



Residents at UP Town Mirdiff, a Union Properties (UP) development, received notifications this week that their maintenance charges have increased by almost 50 percent. The maintenance fee increase, which UP claims is comprised of service charges and ‘utility recovery’, was announced in spite of the Real Estate Regulator Authority’s (Rera) ban on service charge increases in 2009.

An email conversation with UP Town’s management revealed that the developer feels it has not technically increased the service charge, but has added a DEWA fee to cover the hike in utility charges. Furthermore, the developer insists that as a leasehold property, UP Town Mirdiff is not required to adhere to Rera’s laws.

The increase in maintenance fees at UP Town Mirdiff mirrors a similar scenario unfolding at another UP property, the Green Community.

According to an article in Khaleej Times, Green Community residents are considering legal action against the developer for a hike in fees. The article also revealed that all developments, including those classified as leasehold, are subject to Rera’s laws and regulations.

Rera’s CEO, Marwan bin Ghalita, explained: “Rera regulates all real estate in Dubai, and the Land Department registers all real estate rights and transactions.”

“The law is clear and anyone who says anything different should write to us for clarification,” he added.

It remains to be seen, however, if UP is ready to accept and comply with Rera’s regulations.



1

Tags: , , , ,

1 Comment

  1. Lina on April 1, 2010 8:42 pm

    UP hasn’t submitted this year (2010′s) budget for maintenance fees in most of their developments, Uptown Mirdiff, Motocity, Green Community,…and we’re already in April. We all know from the media the developer needs money…
    It’s just a waiting game now to see whether they will once again hike up the fees or decrease it. I wonder if they finally grew a conscious since Simon Azzam and his crew left.

     

Leave a Comment