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Masdar To Delay Final Completion Until At Least 2020
Published on 2010-10-12 05:09:00
Final completion of Masdar City, the carbon-neutral development being built just outside Abu Dhabi, will be delayed until at least 2020, four years after its original deadline.In an emailed statement released to Dow Jones, the government-backed renewable energy company said the city’s first phase would now be completed in 2015. It also stated that completion on the site would not take place until between 2020 and 2025.Masdar also added that it may also bring in renewable power from external so
Jumeirah Lakes Towers 60% Complete
Published on 2010-09-28 07:45:00
About 60 per cent of the Jumeirah Lake Towers (JLT) development has been completed, Dubai Multi Commodities Centre (DMCC), the community's master developer and operator, said on Monday.This milestone was achieved after Armada Group, a sub-developer, completed the third tower in its mixed-use cluster.Dubai rentals
Service Fee Defaulters Face Losing Their Homes
Published on 2010-09-21 06:25:00
Dubai homeowners who have failed to pay off the service fee will now have to wash their hands off from their property.The Dubai Land Department will repossess and auction off the homes of those who fail to pay maintenance fees as part of the emirate’s new strata law, according to an official notice issued yesterday.As developers hand over the maintenance of shared buildings and communities to homeowners associations, hundreds of owners who owe thousands of dirhams in service charges risk losin
