A large change is taking place in Dubai property management. Property owners are now having a say over who manages their building and at what price. It is believed that many developers have over charged the owners for the maintenance of the building, and have been generating a nice profit over the last few years. However with the Strata Law, many buildings have already changed the management from the initially selected maintenance company which was earlier assigned by the developer. With many properties in Dubai owned by landlords who are located out of Dubai, and from different cultures and backgrounds, will everything go smoothly and be of benefit to all the owners, the building, and the reputation of the developer. Many argue that some owner will just look to push the price of maintenance down, and this can have a damaging effect to the building and the reputation of the developer in the long run. Share your thoughts with Halcon Real Estate Blog by adding a comment:
The rent for Dubai property prices have been declining since the start of 2009, and as more properties are coming onto the market many residents of Dubai still foresee a further decline in the price of rent. Halcon Real Estate would like to hear your thoughts on the Dubai rent market. Are we near the bottom, will there be a further decline, or will we start to see the price increasing over the coming months. Which areas will hold their prices best and which areas will see a further fall in rent. Many feel the villas for rent will increase in price while apartments for rent will continue to decline. Share your thoughts now, by adding a comment.