Dubai, UAE; June 29, 2010: Hamptons International, a premier property services company with a strong geographic presence in the Middle East and North Africa region, put the spotlight on the role of Owners Associations in the Jointly Owned Properties in Dubai, at the Real Estate Forum organised for members of British Business Group (BBG).
Mr 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.”
In his presentation, Mr 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.
Hamptons International offers the full spectrum of property services including residential property sales, residential and commercial leasing and property management, valuations, research and feasibility studies, and independent mortgage consultancy.
About Hamptons:
Hamptons is a premier realtor with over 75 offices worldwide. With more than 140 years of professional experience, it has earned an unrivalled reputation for professionalism, expertise and innovation across the world with a global network of offices and a large international portfolio of projects. The comprehensive range of services offered by Hamptons includes residential property sales, residential and commercial leasing and property management as well as full range of added value services including valuations, research and feasibility studies, and an independent mortgage consultancy.
For further information, please contact:
Kelly Home / Nivine William
ASDA’A Burson-Marsteller; Tel: (+971 4) 334 4550
E-mail: [email protected], [email protected]
