Dubai Sets a New Standard in Community Management
In a significant step towards enhancing transparency and long-term financial stability in the real estate sector, the Dubai Land Department (DLD), in collaboration with Dubai Holding Community Management, has approved the first ever three year fixed service fees for the Palm Jumeirah Master Community.
This new mechanism allows management companies of jointly owned properties to submit and secure approval for a three year service fee budget through the ‘Mollak’ system, while still offering the flexibility to adopt a traditional one-year budgeting model if preferred.
Greater Stability and Predictability for Owners and Investors
The introduction of multi year service fee budgeting is designed to stabilise service charges and improve long-term financial planning. By enabling community management companies to enter into three year operational contracts with service providers, the system offers greater cost certainty, clearer budgeting, and enhanced transparency.
For property owners and investors, this translates into improved clarity on future expenses, reduced fluctuations in service fees, and increased confidence when making long-term investment decisions.
Strengthening Market Resilience and Transparency
According to Eng. Abdullah Ahmed Al Shehhi, CEO of the Real Estate Regulatory Agency (RERA) at Dubai Land Department, Palm Jumeirah is the first project to implement and receive approval under this advanced three-year budgeting model.
He emphasised that all community management companies across Dubai can now adopt this mechanism, reinforcing DLD’s ongoing commitment to improving transparency, strengthening service fee stability, and elevating the overall quality of community management for residents, owners, and investors.
Long-Term Value for Communities
The announcement was made during a collaborative workshop organised with Dubai Holding Community Management, where updates supporting multi year financial planning and community management development were shared. During the session, Francis Gianni, Chief Community Management Officer, highlighted the organisation’s achievements across its residential portfolio.
He noted that this milestone significantly enhances strategic planning capabilities, allowing community managers to implement long-term improvements with greater clarity, delivering lasting value and enriched living experiences for residents at Palm Jumeirah and beyond.
A Step Towards World-Class Living Standards
This development reaffirms Dubai Land Department’s commitment to modernising real estate systems, strengthening customer trust, and supporting Dubai’s vision of delivering world-class living experiences. By fostering efficiency, innovation, and transparency, Dubai continues to set new benchmarks for sustainable and investor-friendly community management.
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