Thursday, 13 February 2014

News: No lifts in the Burj Khalifa? Emaar threatens to switch off elevators in world's tallest building

The Burj Khalifa has 900 apartments, with rents starting from AED 100,000/$28,000/month for a studio to AED 450,000/$124,000/month for a three-bedroom apartment. Emaar said some landlords had defaulted on service fees since 2012, forcing them to consider the move.
“While most homeowners have paid their service charges, it has been noticed that a few owners are yet to make the payment. A circular has been issued to remind and urge residents to pay the service charges to ensure the seamless management of the common areas and other community amenities,” a spokesperson said. Tenants at Burj Khalifa were told earlier this week that the elevators and air-conditioning in the 163-floor tower would be switched off as landlords had defaulted on their service fees.
Emaar (Property Developer) told residents last month that access to facilities and utilities would be cut off on February 8 if outstanding fees had not been paid.
“We write to you in respect of outstanding service fees. Despite our earlier notice, follow-ups and legal notice issued to the unit owner the fees have not been settled,” the letter read. “Should we fail to receive the payment by February 5, we will be forced to cease all of the above services effective February 8.”
A view of the Burj Khalifa tower is seen in downtown Dubai, in this May 10, 2011 file photo. In September 2012, Abu Dhabi, the capital of the United Arab Emirates, a federation of seven Gulf emirates, told state employees that if they lived outside its city limits they would not be eligible for housing allowance, which accounts for about a third of their salaries. The government has said the new rule was aimed at cutting traffic and road accidents, a nod to the risk of commuting on the busy desert highway between Abu Dhabi and Dubai. But analysts and industry experts say the policy is designed to help absorb a glut of new high-end homes in Abu Dhabi and revive state developers such as bailed-out Aldar. The Abu Dhabi government declined to comment on the rulings implications for the property market. REUTERS/Jumana El-Heloueh/Files (UNITED ARAB EMIRATES - Tags: SOCIETY EMPLOYMENT BUSINESS)

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