Dubai’s real estate owners offered support with pending service fees with a new initiative.
As part of its commitment to improve the global competitiveness and well -being of the promotion community, the real estate regulatory agency (RECA), a subsidiary of the Dubai land department (DLD), launched the “Tayseer out of the facilitation of Ttylytating.”
According to this initiative, owners can pay their pending service fees by offering flexible payment plans with a minimum of six months in coordination with joint property property management companies (JOP).
Dubai real estate service rates
This step is expected to relieve financial burns in the owners and contribute to greater financial stability within the real estate sector.
The Tayseer initiative promotes the principle of community collaboration and promotes a support environment that contributes to social and economic stability by offering flexible financial solutions to owners, positively impacting the quality of life throughout the Emirate.
The Tayseer initiative was launched after a meeting held by the Real Estate Regulatory Agency with JOP Management Companies, where both parties discussed the mechanisms to resolve the service rates defeated by the owners.
It was agreed to open the registration for the initiative for two months through the management companies, with a commitment of the thesis companies so as not to initiate execution actions against unitary units when implementing the payment plan.
As a result of the meeting, 19 companies joined the initiative, which reflects the commitment of the real estate sector to support the owners and improve financial stability and sustainability within joint property communities.
Mohammed Ali al Badwawi, interim CEO of the real estate regulatory agency of the Dubai Land Department, said the initiative reflects DLD’s continuous commitment to improve the publication and sustainability of the real estate sector.
He said: “The Dubai land department continues to launch shocking initiatives that maintain the rhythm of market developments and address the needs of owners and investors. The Tayseer initiative is aligned with our vision of providing proactive and social services.”
Through the Tayseer initiative, the Dubai land department aims to achieve a set of strategic objectives, including the reduction of the number of cases of service rates recorded at the rental dispute center, minimizing complaints and observations, and improving the efficiency of the allocation of service fees in real estate projects.
The initiative also seeks to improve the experience of owners and interested parties by providing payment services without problems, thus increasing satisfaction and supporting long -term sustainability of the real estate sector.
The initiative presents its objectives of the Dubai Real Estate Strategy Sector 2033, with the aim of establishing payment plans for flexible and sustainable service rates for owners in collaboration with property management colleagues.
This is designed to achieve the economic and investment objectives of the posters while guaranteeing timely payments in line with the agreed schedule.
In addition, the initiative encourages collaboration between relevant stakeholders to improve the quality of life of owners in joint property property projects.
It also focuses on early identification, analysis and resolution of future challenges through proactive planning to promote the payment of service charges before disputes become legal actions.
The initiative supports national and local priorities in three key pillars:
- Improves Dubai’s global competitiveness by supporting governments’ efforts in the future forecast and ghost of an enabling environment that attracts and preserves investments
- It also promotes sustainable development by reinforcing trust and transparency in the real estate market
- In addition, it reflects the spirit of progress and leadership of the department in the provision of services, with the aim of achieving the happiness of customers, employees and partners equally
The real estate regulatory agency urges all owners to contact their management companies directly to benefit from the initiative and ask more management companies to join and contribute to support these efforts.
