Tenants and homeowners in Dubai’s Discovery Gardens have threatened legal action against Nakheel unless “exorbitant” service charge fees are further reduced.
The Dubai-based master developer announced on Monday it was lowering the service charge by AED5 per square foot.
The new rate, which has been formally agreed with the Real Estate Regulatory Agency, will also be backdated to January 1, 2009.
Related: Nakheel lowers Discovery Gardens service charge
Despite this reduction residents say they are still paying far more than tenants in similar developments across the Emirate.