“They handle a wide variety of local law; they’re fantastic with those issues, knowing the ins and outs. They’re good at finding where that uncertainty lies and giving us the pros and cons.” - Chambers Global
Dubai developers cannot dictate terms to owner associations
Source : Gulf News
In another move to bring on more transparency, the OA representative cannot collect any service charges unless “they have obtained prior approval of Rera to the budget allocated for the service charge,” the Afridi & Angell report notes. Rera will appoint an auditing officer for the purpose. (There is a six-month transition period from September 4 for the new requirements to come into effect, according to Afridi & Angell report).