The building of a number of highrise apartment towers in Fujairah has not been able to keep pace with the demand from the numbers of people wanting to reside in the city.
Compounding the shortage is the lack of power and water supply for the new buildings.
According to statements reported in the Khaleej Times, these problems are affecting government and commercial buildings as well as residential towers.
Khaleej Times reports on the size of the problem and the expected timetable:
“The Chairman of Fujairah Chamber of Commerce and Industry, Saeed Khamas, said there are more than 25 buildings in the emirate which do not have power supply. A number of commercial projects, too, that were completed two years ago, are without electricity and water. None of the projects is expected to get power supply before 2011.”
No Rental Income
While the issue is a frustration to prospective residents wanting a roof over their heads, the situation is a great financial burden for the owners who have borrowed money to construct the buildings but their tenants aren’t able to occupy and start paying them rent.
Some households and industrial buildings have installed generators to provide one form of power while they await the electrical supply.
Dr Geoff Pound
Image: A new residential tower by the fish roundabout on the Fujairah corniche.