Homefront: ‘Should Dubai owners still pay service charges directly to developers?’ – The National

Homefront: ‘Should Dubai owners still pay service charges directly to developers?’ – The National

Every year I used to pay the annual charges to the developer.. I recently found out there is a new system in Dubai where the payment does not go directly to the developer but instead goes to a government account.. And how do I make the payment for annual maintenance charges?AD, Dubai. Under a new government system called 'Mollak' [Arabic for 'owners'], which came into effect late last year, developers can no longer collect any service charges on behalf of property owners.. Property owners or approved property management companies acting on their behalf will assume the collection responsibility.. The collected funds will go into service accounts of approved banks; this will allow property owners to see exactly how their money is being spent and on what.. The law requires all fractional ownership properties in Dubai to have owners associations with approved property management companies acting on their behalf.. The means developers can no longer take control in setting these associations up or running them.. Try to speak to the previous building management company or current security team.. Alternatively you can find a list of management companies on the Dubai Land Department's website www.dubailand.gov.ae ..