To: Jointly Owned Properties Management Companies
Subject: Mechanism of collecting service fees and procedures preceding resorting to Rental Dispute Center
In accordance with Law No. 6 of 2019 regarding jointly owned properties in Dubai, the Real Estate Regulatory Agency issues this Mechanism of collecting service fees and procedures preceding resorting to Rental Dispute Resolution Center as follows:
1. The developer is obligated to deliver the documents related to the delivery and handover of units to the buyers. These documents are considered records of the property, and service fees are calculated based upon them.
2. The management company is obligated to send invoices service fees or usage fees to the units for jointly owned properties on the specified dates without delay.
3. In the event that real estate unit owners fail to pay their due amounts the specified times, the management company has the right to issue notices of payment, whereby the owners have 30 days from the date of the notification to settle the due amount.
4. The management company shall be r...