More than 90% of property owners in UAE unhappy with developers real estate management, poll shows

[Nicholas Wallwork]

Developers in the United Arab Emirates are poor at managing properties with more than 90% of real estate investors unhappy with them, according to a new survey.

The poll from Dubai market research company Real Opinions also reveals that eight out of ten believe that developers do not have the best interests of real estate owners at heart when managing their residential properties. It confirms anecdotal evidence that more and more property owners are challenging developers over issues like maintenance costs and they are forming protest groups and becoming more and more vocal.

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[financier888]

Owners Association

Quite understandable having lived through the same horrors HOWEVER - the new Strata Laws allows the owners to form their own association and retain their own management. (which the Dubai govt. encourages!!) Investors / owners can contact a firm like Asteco and get started as well they should... but it does take some committed owners to take the initiative ...