Wednesday, September 1, 2010

The Development of Hypocrisy: Episode 2

For the clueless guys, Mohammad Bin Rashid Establishment is an entity that was formed to integrate the effort of several governmental institutions. The ruler court was responsible for giving the loans while the responsibility for granting lands was the Municipality. At that time and in the process of changing their procedures, when you go to the Municipality they would say that they can't give u a land unless u have 500k in your account and when you go to the Ruler court they say that they cant give you a loan unless you have a land so it was pretty messed up. Fortunately, they fixed all those issues.



















I rememeber when they first annouced building 10,000 houses for Emirati youth worth 10billion dirhams, they even called it a gift "makruma" only to turn out as economical housing program where we need to pay a supposedly reduced amount of money. I bet the 10billion dirhams included the named land price and electricity and water connections and any form of infrastructure. They are not even that cheap especially considering that the land is being granted by the government, not to forget that they "stole" Emaar desings and the lands are smaller than our house extension. The lands are mere 8000 to 10000 sqft comparing to a general 15,000 in other areas. Oh, speaking of that, they lowered the new areas land plots sizes to 10,000.

So I heard from different sources that Mohammad Bin Rashed Housing Establishement has stopped accepting application forms from Emirati bachelors. In fact, they didn't only do that but also even the ones who applied 5 years ago and were about to get their loan was stopped. Ya3ny, its pathetic that we need to wait several years to get loans and then stopping it all together?

They also said that they will raise the pathetic loan of 750k in the boom but backed off when the crisis started saying that building houses is more affordable. Well, I don't think anyone can build a decent house with a stupid 750k before or now and while am not of those many people who say that we should be getting the 750k as a grant and not a loan I still think that they should raise the loan to 1.5 million dirhams and everyone will be happy.

Another final thing, they raised the mol7aq houses by 200 to 300 thousand dirhams too and that is in the so called depression and when the construction costs are way lower. Also the number of loans being granted every month has gone for 150 loans per month to God knows how many now. I don't even remember the last time the annouced granting those loans like they always do in the newspaper with an advertisement that occupy a full page, you know, the Dubai way of marketing and glorifiyng everything

So this is a main pillar the government didn't fulfill its duties in so some wonder, what should the government priority be?

18 comments:

  1. I wrote about this in one of my posts. Arguing that since we as Emiratis, were never told legally if these things are RIGHTS or just whims of the powers that be, we are easily taken advantage of.

    Think about it, has any legal document by the govt even stated that housing was a RIGHT of us citizens?

    Not being clear on these issues means that they can change whatever they want whenever they want.

    In Abu Dhabi the amounts are larger, the loan is 2 million, but the stagnation of the lands is the same. And now they are talking about building houses instead, like in Dubai.

    Once again, so a company like Arabtec can funnel govt funds without much of a watchdog authority. Why wont anyone do anything about it? Who owns Arabtec?

    We as citizens lack any time of authorities to serve our needs and ensure our rights. Its sad.

    Great post btw.

    ReplyDelete
  2. Well, I really don't know what the majority of economies say about providing housing to citizens, I need to do a research in that but I personally think that the five pillars the UAE government should have a priority in providing is 1- Free high class Education, 2- Free high class Healthcare, 3- Adequate housing 4- suitable Employment opportunities and 5- supporting marriages and baby making.

    ReplyDelete
  3. OK PE, here's some research for you - in my country no one needs to be homeless, that's not to say that some people don't fall through the system, but as a rule there's a home for everyone who needs one. However, if you don't earn and contribute to society in any way you don't really get to choose your home, and its probably not a home you'd choose to live in. The theory is that this encourages people to go out to work and contribute to society and earn their way in order to better their lives. Again, it doesn't always work that way, but that's the theory.

    If you want a loan or a mortgage you have to be earning or no one will lend you the money. It's not a right.

    But free education and healthcare is a given for all.

    ReplyDelete
  4. Are the 'loans" interest free and repayable? Don't you folks receive free land by age 35? Wouldn't that offset some of the costs in owning a home?

    BTW, I understand things work very differently in the UAE, but long story short, and similar sentiments to Susan's -- I moved to NYC, worked to earn / own an apartment. If I can do this, so can many of you.

    ReplyDelete
  5. Well Susan fair enough but don't think that this model is suitable here, not yet at least. In the context of the boom we had here and considering that we are one of the wealthiest countries in the world, the fact that nationals housing which should be a basic right didn't have any priority is wrong. When countries progress things should get better, not worse as our case.

    ReplyDelete
  6. Rosh, stating the obvious aren't we?

    I think I partially replied to what u said in my previous post.

    ReplyDelete
  7. But if not now when?

    The next generation is going to think that they are entitled to free luxury housing, and then the one after that also. At some point you are going to have to learn that a luxury lifestyle is not an entitlement, however wealthy your country. Its something that has to be earned.

    The job of the government is to provide the environment which creates the opportunities for its citizens to thrive, eg education, training, a great environment for small businesses to grow. But if it just hands you everything, the whole lifestyle etc, on a plate what motivation is there to develop?

    ReplyDelete
  8. Not when there is double standard and hypocrisy. If the government doesn't have the resources or the money no one would complain but when we see our money being wasted on stuff that doesn't relate us in anyway then yeah, we ought to have that than others.

    And we are not enlightened with free luxury housing, dunno where did u bring that from. I don't believe in giving free money anyway.

    I agree in principle in all what you said !

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