The most important and regrettable fact is this situation does not bode well for the future.
Lets face it, this is truly a UDC issue as UDC has majority interest 51% of QatarCool.
If UDC is doing this now, no question they will abuse their position in the future whenever they want cash.
New fees will be thought up at their whim and demands placed upon the unit owners. Just think of the possibilies, they are endless. Waste, maintenance, communications, management, cleaning, security, special services. All controlled by UDC. No doubt this was all planned at the inception of the Pearl.
Making money goes well and far beyond the profit of land sale alone. Why own on the Pearl when anxiety and stress goes along with that ownership?? Its not worth it at any price.
The most important and regrettable fact is this situation does not bode well for the future.
Lets face it, this is truly a UDC issue as UDC has majority interest 51% of QatarCool.
If UDC is doing this now, no question they will abuse their position in the future whenever they want cash.
New fees will be thought up at their whim and demands placed upon the unit owners. Just think of the possibilies, they are endless. Waste, maintenance, communications, management, cleaning, security, special services. All controlled by UDC. No doubt this was all planned at the inception of the Pearl.
Making money goes well and far beyond the profit of land sale alone. Why own on the Pearl when anxiety and stress goes along with that ownership?? Its not worth it at any price.