Latest news with #MohammedAliAlBadwawi
Zawya
24-03-2025
- Business
- Zawya
Dubai Land Department launches the ‘Tayseer' initiative with JOP management companies to ease the payment of currently overdue service fees
Dubai, United Arab Emirates: As part of its commitment to enhancing global competitiveness and promoting community well-being, the Real Estate Regulatory Agency (RERA), a subsidiary of Dubai Land Department (DLD), launched the 'Tayseer' initiative to facilitate the payment of currently outstanding service fees. Under this initiative, unit owners can pay their outstanding service fees by offering flexible payment plans with a minimum of six months in coordination with jointly owned property (JOP) management companies. This step is expected to ease financial burdens on owners and contribute to greater financial stability within the real estate sector. This initiative aligns with the objectives of the 'Year of the Community,' announced by the wise leadership under the theme 'Together, hand in hand,' designating 2025 as a milestone for strengthening family and community bonds, and reinforcing values of cooperation and belonging through initiatives that safeguard cultural heritage and lay the foundations for sustainable growth. The 'Tayseer' initiative promotes the principle of community collaboration and fosters a supportive environment that contributes to both social and economic stability by offering flexible financial solutions to property owners, positively impacting quality of life across the emirate. Tayseer initiative was launched following a meeting held by the Real Estate Regulatory Agency with JOP management companies, where both parties discussed mechanisms for settling current overdue service fees by property owners. It was agreed to open registration for the initiative for two months through the management companies, with a commitment from these companies not to initiate enforcement actions against unit owners while implementing the payment plan. As a result of the meeting, 19 companies joined the initiative, reflecting the real estate sector's commitment to supporting property owners and enhancing financial stability and sustainability within jointly owned communities. Mohammed Ali Al Badwawi, Acting CEO of the Real Estate Regulatory Agency at the Dubai Land Department, affirmed that the initiative reflects the DLD's ongoing commitment to enhancing the real estate sector's readiness and sustainability while strengthening public-private partnerships. He said: 'Dubai Land Department continues to launch impactful initiatives that keep pace with market developments and address the needs of property owners and investors. The 'Tayseer' initiative aligns with our vision of delivering proactive, customer-centric services that build trust and balance economic and social priorities.' Through the 'Tayseer' initiative, Dubai Land Department aims to achieve a set of strategic objectives, including reducing the number of service fee-related cases registered with the Rental Disputes Center, minimising complaints and observations, and enhancing the efficiency of service fee allocation across real estate projects. The initiative also seeks to improve the experience of property owners and stakeholders by providing seamless payment services, thereby boosting satisfaction and supporting the long-term sustainability of the real estate sector. The initiative draws its objectives from the Dubai Real Estate Sector Strategy 2033, aiming to establish flexible and sustainable service fee payment plans for property owners in collaboration with property management companies. This is designed to achieve owners' economic and investment goals while ensuring timely payments in line with the agreed schedule. Additionally, the initiative fosters collaboration among relevant stakeholders to enhance the quality of life for owners in jointly owned property projects. It also focuses on early identification, analysis, and resolution of future challenges through proactive planning to encourage payment of service charges before disputes escalate to legal action. The initiative supports national and local priorities across three key pillars. It enhances Dubai's global competitiveness by supporting the government's efforts in future foresight and fostering an enabling environment that attracts and retains investments. It also promotes sustainable development by reinforcing trust and transparency in the real estate market. Additionally, it reflects the Department's spirit of progress and leadership in service delivery, aiming to achieve the happiness of customers, employees, and partners alike. The Real Estate Regulatory Agency urges all property owners to contact their management companies directly to benefit from the initiative and calls on more management companies to join and contribute to supporting these efforts. The list of jointly owned property management companies is available on the official website of the Dubai Land Department.
Hi Dubai
24-03-2025
- Business
- Hi Dubai
Dubai's RERA Launches ‘Tayseer' Initiative to Ease Service Fee Payments
Dubai's Real Estate Regulatory Agency (RERA), a subsidiary of the Dubai Land Department (DLD), has introduced the 'Tayseer' initiative to facilitate the payment of outstanding service fees for property owners. The initiative offers flexible payment plans with a minimum six-month term, in coordination with jointly owned property (JOP) management companies. This move is designed to alleviate financial burdens on unit owners while promoting financial stability across the real estate sector. Aligned with the 'Year of the Community 2025' initiative, 'Tayseer' underscores Dubai's commitment to strengthening community ties and fostering cooperation. By enabling structured repayment plans, the initiative enhances social and economic stability, ensuring a more sustainable real estate environment. The launch follows discussions between RERA and JOP management firms, resulting in 19 companies joining the initiative. Registration is open for two months, during which participating firms have committed not to take enforcement actions against property owners adhering to the plan. Mohammed Ali Al Badwawi, Acting CEO of RERA Mohammed Ali Al Badwawi, Acting CEO of RERA, emphasized the initiative's role in enhancing market trust and stability, stating: 'The 'Tayseer' initiative aligns with our vision of delivering proactive, customer-centric services that balance economic and social priorities.' By reducing service fee disputes, streamlining payment processes, and fostering collaboration, the initiative contributes to Dubai's Real Estate Sector Strategy 2033. It further strengthens Dubai's global competitiveness, promotes sustainable development, and reinforces trust and transparency in the real estate market. RERA urges property owners to coordinate with their management companies and encourages more firms to participate. The list of JOP management companies is available on the Dubai Land Department's official website. News Source: Cicero & Bernay
Mid East Info
27-01-2025
- Business
- Mid East Info
Vincitore Realty delivers Dubai's first Luxury Wellness Residential Landmark, pioneering a new chapter in Wellness-Inspired living
The Dh400 million landmark masterpiece, Vincitore Benessere stands as the pinnacle of luxury wellness living, setting a new benchmark for luxury residential developments in Dubai. Vincitore Realty, Dubai's leading boutique designer developer, has successfully delivered its new project – Vincitore Benessere – Dubai's first iconic wellness residential landmark. This unique masterpiece is the first real estate development to be delivered in Dubai real estate in 2025 and brings a new way of living to the Gulf, focusing on health and well-being. By moving from 'price per square foot' to 'wellness per square foot,' Vincitore Realty is pioneering the future of luxury wellness living in Dubai and opening a new chapter that will change Dubai real estate forever. Strategically located in Arjan, adjacent to the Dubai Miracle Garden, Vincitore Benessere stands as an architectural masterpiece inspired by classical European design. With its timeless elegance and resort-style amenities, the project exemplifies Vincitore's commitment to delivering transformative living experiences that elevate the mind, body, and soul. On January 18th, Vincitore Benessere celebrated its grand inauguration in the presence of distinguished dignitaries, including H.E. Mohammed Ali Al Badwawi, Acting CEO of Real Estate Regulatory Agency, H.E. Majid Saqer AlMarri, CEO of Real Estate Registration Sector, and H.E. Majida Ali Rashid, CEO of Real Estate Development Sector, at the Dubai Land Department and many more VIP's. The grand event featured a mesmerising drone show, majestic fireworks, and world-class entertainment that set the tone for new beginning of Luxury Wellness Residences by Vincitore Realty in the GCC. The prestigious event highlighted the project's groundbreaking contribution to wellness-oriented living and reaffirmed Vincitore's position as a leader in delivering iconic masterpieces on the golden lands of Dubai. To showcase the new era of luxury wellness living in Dubai, Vincitore has opened the gates of Vincitore Benessere to all visitors of Dubai for exclusive VIP Tours to come and get a first-hand experience of Dubai's ultimate wellness lifestyle. These guided experiences, available until January 31st, provide an unparalleled opportunity to witness the project's world-class amenities and meticulous attention to quality. Guests can immerse themselves in the palatial masterpiece and experience firsthand what the future of luxury wellness real estate holds. The design philosophy behind Vincitore Benessere reflects a deep understanding of the evolving needs of modern residents. Recognising the increasing importance of health and wellness, particularly Covid-19 post-pandemic environment, Vincitore Benessere offers a holistic environment where luxury meets wellness. Every detail has been meticulously crafted to foster physical, social, mental, and emotional well-being. Mr. Vijay Doshi, Chairman of Vincitore Realty, says, 'Vincitore Benessere is more than just a project; it is a bold step towards redefining how we live, breathe, and thrive. In line with the visionary leadership of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who is committed to making Dubai, the world's Number 1 city and a global hub for happiness and well-being, Vincitore Benessere was curated as the First Iconic Luxury Wellness Residential Landmark in the region, setting new standards and elevating the Dubai real estate market to new heights. 'Every aspect of this development, from its architecture to its wellness-centric amenities, reflects a commitment to enhancing the quality of life and well-being of its residents. In a world where well-being is often an afterthought, we have placed it at the very heart of our vision. 'This landmark is not just about luxury living — it is about creating a sanctuary that rejuvenates your mind, body, and soul every single day. Vincitore Benessere stands as a testament to our unwavering commitment to delivering more than just homes; we deliver transformative experiences that elevate lives for generations. Today, we invite the world to experience a new standard of wellness and lifestyle, where every square foot inspires and nurtures true happiness.' The residences range from studios to expansive three-bedroom apartments, featuring wide double-glass windows for abundant natural light, optimal air circulation, and noise insulation. Complementing the residential units is an impressive 100,000 square feet of world-class amenities, including a Serene Lagoon Pool, Wellness Hub, a state-of-the-art fitness centre, salt caves, rock waterfalls, thoughtfully designed meditation areas, and a lot more. Veer Doshi, CEO of Vincitore Realty, remarks, 'Vincitore Benessere is a piece of art by itself. It is a manifestation of Vincitore's signature style of adopting modern European architecture and creating grand masterpieces. 'In today's market, the first question people ask when considering a new home is, 'What is the price per square foot?' It's a natural question, one rooted in how we measure value. But today, I want to pose a different question to all of you: 'What is the wellness per square foot'?' 'This is the inspiration that sparked the idea to craft a project dedicated to exploring how we can curate the ultimate holistic wellness lifestyle. As we believe true luxury lies not in the price of a space but the quality of life it nurtures,' he adds. The project is yet another residential landmark delivered by Vincitore Realty, following the successful handovers of Vincitore Palacio and Vincitore Boulevard. With a total portfolio value exceeding Dh3 billion, spanning over 7 real estate landmark projects, Vincitore continues to raise the bar for branded designer residences, blending timeless architecture with wellness. Milli Doshi, Creative Director of Vincitore Realty, says, 'Vincitore isn't just creating homes, it is crafting architectural masterpieces that embody unparalleled luxury and holistic living at every inch. Every project is a outcome of pure love and passion to elevate living experiences and create a lifestyle beyond the ordinary. Vincitore is not just a developer of homes; but a creator of dreams and legacies.' Vincitore Benessere perfectly aligns with the UAE's National Programme for Happiness and Wellbeing, an initiative spearheaded by the government to enhance the quality of life for residents and citizens. As Dubai enters a new phase of Real Estate Transformation, Vincitore Realty remains committed to delivering projects that align with the city's ambitious vision to be number one in the world. With the successful handover of Vincitore Benessere, the developer is already looking toward its next projects, which promise to push the boundaries of design, quality, wellness, and luxury lifestyle. About Vincitore Realty: Vincitore Real Estate is a boutique designer developer dedicated to meticulously crafting lifestyles that transcend the ordinary. A beacon of luxury and excellence in the UAE skyline, it sets the gold standard in residential real estate by seamlessly blending exceptional quality, unique architecture, and exquisite craftsmanship. The company entered the UAE's real estate sector in 2013 with its flagship project – the Dh135 million Vincitore Palacio, which was delivered in 2017. In 2017, Vincitore Realty unveiled its second project, the Dh220 million Vincitore Boulevard, delivering 216 meticulously designed residences by 2020. This was followed by the launch of the Dh400 million Vincitore Benessere, marking another milestone in the company's portfolio. In 2023, Vincitore introduced the Dh450 million Vincitore Volare, set to deliver 396 premium apartm.
