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Dubai: Developers pass on cooling costs to owners

Posted on 17 June 2011

Developers are charging property owners hidden charges to offset District Cooling cost, real estate experts say. Gulf News reported that residents who live in a community with district cooling system end up paying more for their air conditioning as they are charged not according to the usage but the size of the apartment of villa.
Developers also pass on capital costs to the owners under the guise of service charges, Matthew Green, head of research and consultancy at CB Richard Ellis Ltd Middle East, was quoted by Gulf News as saying……………………………………….Full Article: Source

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