http://www.business24-7.ae/Articles/2009/12/Pages/20122009/12212009_e44e8f5e
141344c7a06d0d6cd59f06af.aspx#
By
Anjana Kumar on Monday, December 21, 2009
Investors who bought units at the X2 office building in Jumeirah Lake Towers
have raised concerns about the maintenance charge set by developer Green
Emirates Properties (GEP).
The investors claim GEP is charging Dh14.47 per sq ft for maintenance plus
Dh8.5 per sq ft for district cooling at the shell-and-core building. The
maintenance payment covers pest control, security, external glass cleaning
and swimming pool cleaning.
"This charge is very high for the quality of shell-and-core units and we do
not want to pay," said one investor. "For example, there are no dividing
walls and no provision for a pantry or toilet, though the floor plan on
GEP's website shows a toilet and a pantry. My units have no pantry or
toilet, they have made the space but have not built anything."
The investor bought five units on the 14th, 35th and 37th floors and has
paid more than 60 per cent of the total cost to GEP. The building is part of
the Jumeirah Bay project, which consists of two commercial towers and one
residential one.
Documents from the developer seen by Emirates Business fail to define what
is meant by shell and core. The contract says: "The purchaser acknowledges
and accepts that the units shall be delivered on a shell-and-core basis
according to Schedule A."
However, no Schedule A was supplied with the contract, investors said. The
investor was promised a lake view from one of his units, number 1403, but
when he inspected the unit he found there was no such view.
"Pictures I have taken show there is no lake view," he added.
The investor said he would have to pay between Dh17,000 and Dh20,000 for
ceilings, tiling, toilets and a pantry. In some cases an owner could pass on
this extra cost to the tenant, though this would depend on the wording of
the letting contract.
"The fit-out depends on the rental contract. If the tenant is coming in on a
long-term lease he will definitely ask for a lower rental price. However, if
he is a short-term tenant we can negotiate higher rental prices with him and
can even pass on the fit-out cost to him."
The documents shown reveal that the completion of the tower has been delayed
by 18 months. "According to our contract, the project was due for handover
in June 2008 but the units are only being delivered now," said the investor.
He said he had approached the Real Estate Regulatory Agency (Rera) about the
matter and was advised not to pay any maintenance charges unless they were
approved by Rera.
Emirates Business sent a list of queries to GEP regarding the issue but no
response had been received at the time of going to press.
Best Regards,
Tabrez Mohammed
Cell :- 97150-6255016
Email:- <mailto:[email protected]> [email protected]
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