Dubai real estate owners offered service fee payment support
Dubai Land Department Introduces Tayseer Initiative to Ease Service Fee Payments
In a move aimed at bolstering financial stability and enhancing community well-being, the Real Estate Regulatory Agency (RERA), a division of the Dubai Land Department (DLD), has launched the “Tayseer” initiative. This new program is designed to assist property owners in settling outstanding service fees through flexible payment plans.
Under the initiative, unit owners can coordinate with jointly owned property (JOP) management companies to pay their dues over a minimum period of six months. By providing structured payment options, Tayseer is expected to alleviate financial pressure on property owners while strengthening overall market stability.
A Collaborative Approach to Service Fees
The initiative was introduced following discussions between RERA and JOP management firms on ways to facilitate overdue payments. As part of the agreement, participating companies—currently numbering 19—have committed to suspending enforcement actions while property owners adhere to the agreed payment plans.
Mohammed Ali Al Badwawi, Acting CEO of RERA, emphasized that Tayseer aligns with the DLD’s broader vision of fostering a sustainable and investor-friendly real estate environment. He stated, “Our goal is to introduce proactive, customer-centric solutions that build trust and balance economic and social priorities within the sector.”
Long-Term Objectives and Market Impact
Tayseer aims to reduce service fee-related disputes, streamline payment processes, and ensure a smoother experience for property owners. The initiative is part of the Dubai Real Estate Sector Strategy 2033, reinforcing the city’s position as a global investment hub.
Key goals of the initiative include:
- Minimizing service fee disputes filed with the Rental Disputes Center.
- Enhancing transparency and efficiency in service charge allocations.
- Strengthening cooperation between stakeholders to maintain high living standards in jointly owned properties.
Additionally, the initiative promotes early intervention strategies to prevent disputes from escalating into legal conflicts, ensuring a more seamless resolution process.
With a focus on economic sustainability, the Tayseer initiative supports Dubai’s long-term real estate vision by fostering a stable, transparent, and investor-friendly market. RERA encourages all eligible property owners to connect with their management companies to take advantage of the program and urges more firms to participate in this effort.
Source: Arabian Business
