By Parag Deulgaonkar www.emirates247.com
A property owner has paid Dh53,000 to buy a parking space in a tower in the Jumeirah Lakes Towers (JLT) master community.
“I tried to convince the developer to issue the NOC, but he insisted that I buy a parking space.”
In 2012, this website reported that a developer refused to issue a NOC to the owner unless he bought a parking space.
“I didn’t have Dh40,000 to buy a parking bay last year, but I decided to buy it now by taking a personal loan. The developer hiked the price by 32 per cent and did not negotiate,” RB said. More info