Latest news with #Tayseer
Gulf Business
25-03-2025
- Business
- Gulf Business
RERA's Tayseer initiative to help property owners settle dues
Image: Dubai Media Office The Real Estate Regulatory Agency (RERA), a subsidiary of the Dubai Land Department (DLD), has launched the ' The initiative offers flexible payment plans, allowing owners to settle their dues over a minimum of six months in coordination with jointly owned property (JOP) management companies. The move is designed to ease financial burdens on owners and promote greater financial stability within Dubai's real estate sector. The initiative aligns with the UAE's 'Year of the Community,' declared by the nation's leadership under the theme 'Together, hand in hand'. Tayseer to enable community collaboration By providing flexible financial solutions, the programme is expected to improve the quality of life across the emirate, while fostering stronger community ties. The initiative was launched following discussions between RERA and JOP management companies, which focused on mechanisms to resolve overdue service fees. It was agreed to open registration for the programme for two months through the management companies, with a commitment not to initiate enforcement actions against owners while the payment plan is in place. As a result of these discussions, 19 property management companies have already joined the initiative. Support for property owners and sector sustainabili ty Mohammed Ali Al Bidwawi, acting CEO of RERA at the Dubai Land Department, emphasised that the initiative demonstrates DLD's continued commitment to strengthening the readiness and sustainability of the real estate sector, while enhancing 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 'Tayseer,' the The initiative is part of the Dubai Real Estate Sector Strategy 2033, which seeks to establish flexible and sustainable service fee payment plans for property owners. These plans will help achieve the economic and investment goals of owners while ensuring timely payments in accordance with the agreed schedules. The 'Tayseer' initiative supports national and local priorities across three key pillars: enhancing Dubai's global competitiveness by fostering an environment conducive to investment, promoting sustainable development by reinforcing trust and transparency in the real estate market. RERA is encouraging all property owners to contact their management companies directly to take advantage of the initiative and is urging additional management companies to join the programme.
Dubai Eye
25-03-2025
- Business
- Dubai Eye
Dubai's 'Tayseer' initiative eases service fee payments for property owners
The Real Estate Regulatory Agency (RERA), part of the Dubai Land Department, has launched the 'Tayseer' initiative to help property owners settle outstanding service fees with flexible payment plans. Under this initiative, owners can pay their overdue fees over a minimum period of six months in collaboration with jointly-owned property (JOP) management companies, easing financial stress and supporting stability within the sector. The 'Tayseer' programme will help reduce disputes and enhance payment efficiency across the real estate sector, with 19 companies already joining. The goal is to create a more stable environment for property owners, reducing legal cases and improving overall satisfaction. Mohammed Ali Al Bidwawi, Acting CEO of RERA, emphasised that this initiative aligns with Dubai Land Department's ongoing commitment to a sustainable and customer-focused real estate sector. Property owners are encouraged to contact their management companies to participate, with further details available on the Dubai Land Department's website. The Real Estate Regulatory Agency (RERA), a subsidiary of Dubai Land Department, 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… — Dubai Media Office (@DXBMediaOffice) March 24, 2025
Khaleej Times
24-03-2025
- Business
- Khaleej Times
Dubai property owners struggling with overdue service fees offered relief through Tayseer
To support Dubai property owners struggling with overdue service fees, the Real Estate Regulatory Agency (Rera), has launched the Tayseer initiative. This programme offers flexible payment plans to unit owners — with a minimum term of six months — in collaboration with jointly owned property (JOP) management companies, making it easier for unit owners to settle outstanding fees. Tayseer aims to ease financial burdens on owners and contribute to greater financial stability within the real estate sector. By offering flexible financial solutions to property owners, Tayseer initiative contributes to social and economic stability and positively impacts the quality of life across the emirate. The 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. Following 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. This initiative also aligns with the objectives of the 'Year of the Community,' which was announced by the UAE President under the theme 'Together, hand in hand,'. Mohammed Ali Al Bidwawi, acting CEO of the Rera 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, the DLD 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.
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
