“Dubai Land” launches an initiative to facilitate the payment of late services fees

The Real Estate Regulatory Organization of the Dubai Land Department launched the “Tayseer” initiative that aims to facilitate the payment of currently late services fees, as the owners of real estate units will be able to install the service fees for a period of no less than six months, in coordination with real estate management companies with a joint ownership, which contributes to reducing financial burdens on them and achieving greater financial stability in the real estate sector.

The Foundation stated that this initiative is consistent with the goals of the “Year of Society”, which was announced by the wise leadership under the slogan “hand in hand”, to be 2025 stations to enhance ties within families and society and establish the values ​​of cooperation and belonging, by launching initiatives that contribute to preserving cultural heritage and laying the foundations of sustainable growth.

The Foundation added that the “Tayseer” initiative enhances the principle of societal cooperation and provides a supportive environment that contributes to social and economic stability, by providing flexible financial solutions to real estate owners, which reflects positively on the quality of life in the emirate, pointing out that the initiative came as a fruit of a meeting held by the Real Estate Organization Corporation with real estate management companies with shared ownership, where the two parties discussed mechanisms for paying services fees The current late by the owners of real estate units. She explained that it was agreed during the meeting to open the door for registration in the initiative for a period of two months through the management companies, with the commitment of these companies not to open “implementation files” against the owners of the units during the implementation of the payment plan. The meeting resulted in the joining of 19 companies to the initiative, in a move that embodies the commitment of the real estate sector to support the owners, and to enhance stability and financial sustainability in the common royal community.

The Acting Executive Director of the Real Estate Regulatory Agency in the Dubai Land and Property Department, Mohamed Ali Al -Badawi, stressed that the initiative embodies the constant keenness of the department to raise the readiness and sustainability of the real estate sector, as well as support the partnership between the public and private sectors.

He said: “(Dubai Land) continues to launch qualitative initiatives that keep pace with developments in the real estate market and meet the needs of owners and investors,” noting that the “Tayseer” initiative comes within the department’s vision to provide proactive services centered on dealers, in a way that contributes to enhancing their confidence and achieving a balance between economic and social aspects.

The initiative draws its targets from the Dubai Real Estate Sector Strategy 2033 “, as it seeks to develop soft and sustainable payment plans for services fees for owners in coordination with real estate management companies to achieve economic and investment goals of owners, and to ensure the payment of fees on time according to the payment plan, in addition to coordinating cooperation between various relevant authorities to enhance the quality of the life of owners in projects with shared ownership, early foresee of future challenges And analyze and address them, and set pre -emptive plans to pay service fees by the owners before filing cases.

The initiative also supports national and local priorities in three basic axes, as it contributes to raising the level of global competitiveness of the emirate, by supporting the efforts of the Dubai government towards anticipating the future, providing a stimulating and encouraging environment to attract and attract investments, and support sustainable development by enhancing confidence and transparency in the real estate market, and spreading the spirit of progress and leadership in the department’s services to achieve happiness, employees and partners.

The Real Estate Regulatory Agency urged all owners to communicate directly with the administration companies to benefit from the initiative, and it also calls on management companies to join and contribute to supporting these efforts. It is also possible to see the list of real estate management companies with shared ownership through the website of the Dubai Land and Property Department.

Strategic goals

Dubai Land, through the “Tayseer” initiative, seeks to achieve a set of strategic goals, including:

1. Reducing the number of cases related to the service fees registered with the Dispute Resolution Center.

2. Reducing complaints and notes.

3. Raising the efficiency of employing service fees in real estate projects.

4. Improving the experience of owners and partners by providing smooth services to pay fees, to enhance their happiness and support the sustainability of the real estate sector.