Homeowners will manage their own buildings 24/7 March 2012

Added: 06-03-2012
Rera set to ink MoUs with local banks, paving way for IOAs to open bank in some months time By Parag DeulgaonkarPublished Thursday, February 09, 2012 In the coming few months, home owners in Dubai will get the right to manage their buildings and their finances. Interim owners associations will be able to open and operate bank accounts in the next few months with the Real Estate Regulatory Agency (Rera) set to ink memorandum of understandings (MoUs) with three local banks, ‘Emirates24|7’ can reveal. “We will soon be signing MoUs with three local banks. Since it is an entirely new service that the banks will have to provide, we have to give them time to fine tune themselves with our regulations. Hence, it will take some months for us to issue letters to IOAs which will allow.

Dubai's Shoreline residents to get new beach club operator - Gulf News Feb 2012

Added: 27-02-2012
DUBAI: In a move that can have far-reaching implications for Dubai's real estate sector, residents of Shoreline Apartments on The Palm Jumeirah have decided to replace Nakheel as their beach club operator and invite tenders for the management of beach club facilities. A decision to this effect was taken at a meeting of the Interim Owners' Association (IOA) on February 2, XPRESS can reveal. Property owners in Nakheel's flagship project have been locked in a bitter row with the developer after it blocked their access to the beach club over unpaid building service charges and beach club fees. Residents were warned that they may be arrested if they tried to enter the pool and gym areas. Matters came to a head in December last year when Nakheel locked the back doors to the seven.

Police clearance must for Owners Association members - Gulfnews Jan 19, 2012

Added: 27-02-2012
DUBAI: Property Owners Association (OA) members in Dubai will have to get a ‘good conduct certificate' from police before they take charge, a senior government official told XPRESS. The Real Estate Regulatory Agency (Rera) said they have started contacting existing associations and new members to submit the certificate as early as possible. Speaking to XPRESS, Mohammad Khalifa Bin Hammad, Head of Real Estate Relations Management, Rera, said: "Many OAs are asking for the right to control the finances of managing their buildings and communities. This means they will be doing transactions on the account themselves and for this we have made it mandatory for them to get a clearance from Dubai Police," he said. Bin Hammad said the agency was ready to register OAs as legal bodies..
  • RERA
    StrataMax
  • Dubai Govt
    AUA
  • Better Homes
  • SANDOVAL GARDENS
    TIME PLACE TOWER
    MADISON RESIDENCY
    EMIRATES FINANCIAL TOWERS - DIFC
    DUBAI PROPERTIES
  • TECOM GROUP
    LATIFA TOWERS
    CENTRIUM TOWER
    LE REVE TOWER
    Muscat Hills Golf & Country Club
  • Lavasa
    Emirates Financial Tower (DIFC)
    Barr Al Jissah Residences
    Al Fajer
    The Wave
  • Jumeirah Business Centre
    IFA