Rera Stalls Maintenance Fee Hike

DUBAI — Dubai’s Real Estate Regulatory Agency (Rera) has directed property developers in the emirate to refrain from increasing maintenance fee of properties in 2009, without its permission.



By Staff Reporter

Published: Mon 9 Feb 2009, 1:15 AM

Last updated: Thu 2 Apr 2015, 9:37 AM

Sultan Butti bin Mujrin, Director of Dubai Land Department, said the move was in accordance with the condominium law No. 27 on ownership of joint properties in Dubai. He said that all developers should complete the registration of their property projects before the service charges can be levied as per the law. “The project registration is a pre-condition for imposing services charges on the property owners,” he said.

Marwan bin Ghalita, Chief Executive of Rera said: “The services charges are no longer subject to the developers’ calculations and their desire to turn them into a profit-making tool.”

He said that Rera was developing a formula for calculating service charges that will seek to strike a balance between the expenditure shouldered by the developers and the quality of services received by the owners.

Khaleej Times had earlier reported that some developers were planning to hike the maintenance fee sparking concerns among the owners about how the extra money would be spent.

(With inputs from Wam)

You can send your views and comments to news@khaleejtmes.ae with your contact details.

What does this mean for those who already paid the service charge for the year? Surely they are aware that most developers require owners to pay in the beginning of the year. – Rania, Jebel Ali

Thank you RERA. Finally some justice to investors. Hope you come up with a bill to regulate it ass oon as possible . - Zara Ahmed, Mumbai


More news from
A Mark of Excellence

Supplements

A Mark of Excellence

Reputed aftermarket suppliers for commercial vehicle components, BorgRollsWarner (BRW), is on top gear to showcase its extensive product range and tap into new markets

Supplements4 hours ago