About The Initiative
Flexible solutions for settling overdue service fees in collaboration with jointly owned property management companies. In line with its commitment to enhancing global competitiveness and promoting community well-being, the Real Estate Regulatory Agency (RERA), under Dubai Land Department (DLD), has launched the ‘Tayseer’ initiative to facilitate the settlement of currently outstanding service fees for property owners by offering flexible payment plans with a minimum duration of six months, in collaboration with jointly owned property management companies.
Objectives
- Reducing the financial burdens on property unit owners and enhancing the stability of the real estate sector.
- Reducing the number of cases related to service fees registered at the Rental Dispute Center.
- Minimising complaints and concerns raised by property owners.
- Enhancing the efficiency of utilising service fees in real estate projects.
- Providing smooth and proactive services to property owners, ensuring their satisfaction and contribution to the sustainability of the real estate sector.
What Is On Offer? For Property Unit
- A two-month registration period for property unit owners to join the initiative through management companies.
- The option for property unit owners to settle overdue service fees through instalment plans for a minimum of six months.
- Avoid legal action related to current outstanding fees
- Contact participating JOP management companies to benefit from the initiative
For Jointly Owned Property Management Companies
- Offers flexible payment plans that cater to the needs of property owners.
- Ensures management companies refrain from initiating any enforcement actions while the payment plan is in effect.
- Facilitates the participation of a large number of jointly owned property management companies.
- Coordinates with the Real Estate Regulatory Agency to be included in the list of participating companies.
- Activates a monitoring mechanism by RERA to oversee compliance with the initiative’s terms.
Strategic Dubai’s Vision Alignment
Tayseer aligns with Dubai Land Department’s vision to reinforce its leadership as a key driver in the development of the emirate’s real estate sector and enhancing quality of life. The initiative supports Dubai’s strategic priorities by:
- Supporting the objectives of the Dubai Real Estate Sector Strategy 2033 by providing innovative and sustainable solutions that enhance market resilience and meet the aspirations of investors and property owners.
- Driving the success of the ‘Year of Community 2025’ under the theme ‘Together, Hand in Hand,’ by launching impactful, human-centric initiatives that foster social cohesion, collective responsibility, and community well-being.
- Supplementing the sustainable development agenda by strengthening public-private sector collaboration and cultivating a vibrant, transparent, and globally competitive real estate ecosystem that attracts long-term investments.
Call to Participate
The Real Estate Regulatory Agency invites all jointly owned property management companies to join the initiative and contributing to supporting property owners.
List of jointly owned property management companies participating in the initiative
Luxury Owner Association Management Services Co. L.L.C
Privilege for Administrative Supervision Services
Prime Owners Association Management Services L.L.C
DHCC Community Management FZ LLC
Emaar Community Management (L.L.C)
King Royal Jointly Owned Property Management Services L.L.C
Symbiosis Owner Association Management Services
Adventus Owners Association Management L.L.C
Sobha Community Management L.L.C
Rose Continental Owners Associations Management L.L.C
Al Rustumani Owner Association Management Services
DH Community Management L.L.C
V C M Community Management
Star Owners Associations Management
Marf Management & Supervision Services for Owners Associations L.L.C
Stealth Owner Association Management Services L.L.C
Wasl Owners Association Management Services L.L.C
S G Community Management Services
Itihad Community Management
Saga International Owner Association Management Services L.L.C
Stratum Owner Association Management Services L.L.C