Forum discusses role of owners associations
Dubai, July 1, 2010
Hamptons International, a premier property services company, recently held a forum which discussed the role of owners associations in the jointly owned properties in Dubai.
The Real Estate Forum was organised for members of British Business Group (BBG).
Jeevan J D’Mello, senior director, Emaar Community Management, presented the highlights of the recent regulations outlined by the Dubai Real Estate Regulatory Agency (RERA) under Law No. 27 of 2007 concerning jointly owned properties in the Emirate of Dubai.
A spokesperson of Hamptons International said: “The issuance of the law and recent regulations regarding Jointly Owned Properties is a landmark for the real estate sector in Dubai.”
“It now brings to focus the role that owners play in managing the communities. Organizing a special session for British Business Group was part of our commitment to strengthen awareness of the Law and speed up the process of setting up owners associations in all jointly-owned communities within Dubai,” the spokesperson added.
D’Mello, a qualified community management expert, explained the definition of the law, its implications, the functions and powers of owners associations, the roles of the association manager and the board of owners and practical tips for management.
The event is first in a series of property educational initiatives led by Hamptons International and was attended by members of BBG, and non-members as well, representing various economic sectors. – TradeArabia News Service