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Goldcrest Views 2 @Jlt ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION April 2015 | Newsletter GOLDCREST VIEWS 2 @JLT NEWS UPDATE - ISSUE 11 We assure you of our best services at all times! The GCV2 OA Board DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION ANTHONY PETER CHAIRMAN’S COLUMN Greetings! On behalf of the OA (Owners Association) Board, let me first As the JLT community continues to grow and the real estate scene thank each and everyone of you for the strong support and seems to mature, there has been new requirement that has been cooperation in helping the OA team and the support companies mandated by RERA (Real Estate Regulatory Authority) as well as - OA Management Company (ASTECO) and the Facility DMCC (Dubai Multi Commodity Center), the master developer, to Management Company (AL THURIAH) in doing their job in an make the community a secure and better place to live. efficient manner. As you may be aware, our tower is in operation from mid-2010. Some of the new requirement s is to have a common security Over the years, the tower has undergone many changes since it personnel appointed by DMCC. Further, RERA mandates that all has been handed over by the developer. Long term residents who the towers should conduct: have been staying here will understand the huge metamorphosis 1/ Building Audit (for infrastructure check) that has taken place which has made our tower one of the most 2/ Insurance re-valuation sought- after for renting in JLT. 3/ Installation of CCTV on all floors 4/ Reserve Fund study Apart from the continuous improvements that are initiated, we have embarked on a Green Project to be the 1st tower in JLT to Needless to mention, the new regulations puts a stress on the seek LEED certification. Obtaining this certification will help us financial and our budgets need to be re-visited. contribute to the society and also, make our tower a more desirable place to stay. As the time of another AGA (Annual General Assembly) draws near (3rd May 2015), we will have a good opportunity to meet As a representative of the owners, we have always strived to keep the owners at a single gathering where we will table the the expenses minimal as well as ensured that the tower’s achievements, challenges and the way forward for the betterment infrastructure maintenance is well taken care of. of our tower. The maintenance charges has been reduced from the time it was Trust you will continue to provide the same support and handed over to us by the developer and is still maintained at a cooperation that makes GCV2 an exciting place to stay. lower rate than when we started. Sincerely, Perhaps, we may be one of the very few towers in JLT to have such a low maintenance charges. DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION BUILDING UPDATES The Owners’ Association Board is conscientiously making efforts to provide the best living environment to residents and best value to their property for all stakeholders. Beautification is a consistent mandate of the Board to guarantee prestige and grandeur of the building. Recently, damaged gym floors was replaced to preserve the classic wood aesthetic of the flooring and ensure the safety of gym users. The common area corridors was repainted to help areas hold up under normal wear and tear and basically to put back its brand new appeal. The annual maintenance of swimming pool was also recently completed. Apart from the essential check of water quality and safety done by the Facility Management, the Board carry out the responsibility to warrant that annual intensive cleaning and repair are done without fail by specialized company to make sure that the pool is safe, sanitized and algae free so you can have worry free swim anytime! RESIDENT’S SATISFACTION SURVEY How satisfied are you with residing in Goldcrest Views 2? Unsatisfied 12345678910 Highly Satisfied 6% 3% 6% 14% 34% 26% 11% 91% Of the total respondents, 89% are satisfied with the responsiveness and helpfulness of the maintenance and security staff. 90% of them are satisfied with the maintenance and cleanliness of the leisure facilities provided in the building. 91% is satisfied with the overall cleanliness of the common areas. DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION BUILDING UPDATES REPLACEMENT OF DAMAGED WOODEN FLOORS FOR THE GYMNASIUM DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION BUILDING UPDATES REPAINTING OF CORRIDORS AND STAIRWELLS DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION BUILDING UPDATES CLEANING AND MAINTENANCE OF SWIMMING POOL DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION SERVICE CHARGE COLLECTION AS AT MARCH 2015 Quarter % Collected Older than Q4 2014 97.95% Q4 2014 95.11% Q1 2015 93.44% Total 97.46% THIS IS WHERE THE BIGGEST PORTION OF YOUR SERVICE CHARGE GOES... Utilities - Electricity (common area) 17.15% Utilities - District Cooling (common area) 16.51% Master Community 15.67% DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION GREEN PROJECT • In the Annual General Assembly held last year on 23rd April • The prerequisite for obtaining LEED certificate are as follows: 2014 the Owners Association communicated that it intends to apply for Leadership in Energy and Environmental Design 1. Electricity and water consumption(DEWA) from (LEED) certification for GCV2 during the following year. A individual tenants. mandate was issued same day at the Assembly to proceed 2. Electricity and Water consumption(DEWA)for the with this project. common area. • Upon achieving LEED, GCV2 will be the first residential 3. Chilled water (EMPOWER)consumption data from building to obtain this kind of Certification. Living in a Green individual tenants. Building not only helps reduce the Global pollution and 4. Chilled water(EMPOWER) consumption data for environmental degradation, but also has benefits for common area usage occupiers itself. The building tenants will see: Out of the above, we have the data for points (b) and (d) - Efficiently use of energy, water and other resources, which respectively. To obtain data from individual owners, DEWA/ results in lower bills. EMPOWER, has requested us to obtain an NOC from all - Increase level of indoor air quality and cleanliness, which owners so that they can provide the information from their results in healthier environments. database instead of each owner providing the requested information. This will save us time and efforts. In this • For this purpose we have partnered with Middle East Centre connection, we kindly request the owners to provide an NOC for Sustainable Development (MECSD), an organization (format attached) to help us approach DEWA/EMPOWER for established jointly by Environment Health and Safety (EHS) the required data. and Pacific Control Systems LLC (PCS) to assist applicants achieve a LEED certification under the guidelines set forth by The NOC for this project is needed for the previous 2 years certifying authorities. and following 3 years as an ongoing process to monitor the • We have formed a ‘Green Committee’ comprising of progress of our energy consumption. enthusiastic volunteers made up of owners and tenants to take us through this process. • As LEED helps owners/tenants in promoting high living and sustainable society, there will be few such requirements that will come up during the course of the project which we may need further assistance and support. OA would like to thank you for your support and cooperation extended so far in all the building improvements, and we look forward to receive the same support for LEED Certification which will be a benchmark for existing residential buildings in UAE. DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION The New Year’s Party was a success! Residents flocked to the pool NEW YEAR’S PARTY deck for some party time with their neighbors. See you all in our next festivities! DUBAI | ABU DHABI | AL AIN | SHARJAH © Asteco Property Management, 2015 asteco.com Customer Services: 600 54 7773 Goldcrest Views 2 ASSET MANAGEMENT SALES LEASING UAE ANNUAL REPORT 2014 VALUATION & ADVISORY SALES MANAGEMENT OWNERS ASSOCIATION Dubai REAL ESTATE INFO Dubai 2014 Highlights • Following two years of strong growth for Dubai’s residential sales, 2014 was D\HDURIVWDELOLVDWLRQZLWKPRGHUDWHJURZWKGXULQJWKHʐUVWWZRTXDUWHUV
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