Masterkey completes integration with Ejari
Dubai, February 3, 2014
Masterkey, a leading property management software provider in the UAE, said it has completed its integration with the Real Estate Regulatory Agency’s (Rera) Ejari software.
Built by Emirates Real Estate Solutions (ERES), Ejari is Dubai government's solution to track rental transactions in the booming real estate market and to help reduce illegal transactions, said a statement.
Sultan Butti bin Mejren, director general of Dubai’s Land Department, said: “The Ejari integration is one of the main items in our plans that will make it easier for real estate companies to create and register their lease agreements with the Land Department, ensuring that all lease contracts are recorded correctly.”
“It will reduce the time and effort for users by electronically synchronising both systems. Since Masterkey is linked with Ejari, you will be able to generate the Ejari barcode and registration number directly from Masterkey making it easier for the public to obtain Ejari contracts,” he said.
Mohammad Khalifa bin Hammad, senior director of Rera, said: “Ejari will provide official institutions and investors with a centralised and accurate database and a detailed view of the rental market so to enhance the planning of future development in the real estate sector and determine the amount and type of opportunities for growth and returns.
“In addition to regulating the leasing and property management sector Ejari, a modern and well established system, serves all real estate parties and will improve the electronic link between the real estate sector and the government departments.”
Better Homes, which has been using Masterkey since 2004 for all of their property management activities, had been required to enter every lease twice, once in Masterkey’s property management module and once in Ejari.
Ryan Mahoney, CEO, said: “This integration drastically reduces our overhead. We were spending in the range of 2,000 hours a year to copy data into the Ejari system. Now we can simply update our information in Masterkey, which will then register new leases in Ejari at the click of a button.” - TradeArabia News Service