Dubai real estate investors are encouraged to join owners’ committees

Dubai real estate investors are encouraged to join owners’ committeesتشجيع المستثمرين العقاريين في دبي على الانضمام إلى لجان الملاك

According to the city Land Department, Dubai real estate owners should join owners’ committees to have more involvement and voice in managing residential communities.

All property owners living in jointly owned properties were encouraged to take the initiative and register for Owners committees by the Real Estate Regulatory Agency (RERA), a division of the Dubai Land Department

The suggested move aligns with the Jointly Owned Property Law in Dubai and with RERA’s ongoing efforts to enhance transparency and ensure the sustainability of properties in the emirate.

Role of owners’ committees

The Owners committees are crucial in empowering property owners and fostering their active involvement in managing residential communities.

This project aims to improve everyone’s quality of life by making them more comfortable and satisfied. It aligns seamlessly with Dubai’s forward-thinking vision to optimize the management of jointly owned properties while promoting transparency and accountability in every aspect.

Leadership perspectives

Mohammed Ali Al Badwawi, Acting CEO of RERA, emphasized that automating the registration process for Owners committees aims to streamline procedures and ensure seamless coordination between Owners’ Committees and management companies.

He said: “Owners committees are an integral part of the emirate’s vision for managing jointly owned properties. They play a crucial role in achieving real estate sustainability by reviewing budgets, prioritizing maintenance requirements for buildings and shared facilities, and providing feedback on service plans.

“These committees are not just tools for property management but also serve as a means to promote values of collaboration and community engagement.

Benefits of participation

Mohammed Al Dah, Director of the Jointly Owned Properties Management Department at RERA, affirmed that registering in Owners committees gives property owners a genuine opportunity to participate actively in decision-making within their residential communities.

He said: “These committees play a vital role in safeguarding investments and ensuring the highest levels of efficiency and transparency. We urge all eligible property owners who meet the necessary criteria to take the initiative and register for these committees, as they are fundamental to enhancing project management and the well-being of residents.

Registration requirements

Property owners interested in joining the Owners committees must meet a set of criteria, including:

  • Residing on the property
  • Holding a valid UAE ID
  • Providing a certificate of good conduct issued by Dubai Police
  • Settling all outstanding service fees

Registration process and timeline

The Real Estate Regulatory Agency has clarified that registration is open until January 31, 2025, with priority given to the first nine registrants. RERA will approve members, and the committee members for each group will be announced in February.

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Vision for the future

RERA highlights that this program demonstrates its dedication to maintaining honesty and encouraging cooperation between all parties involved in the real estate industry.

Owners committees also offer a great chance for real estate owners to help create vibrant, sustainable communities that complement Dubai’s aspirational vision and innovative principles.

Real estate owners can register through the Dubai REST app or DLD’s website.

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