First quarter of 2021 reports low rent

ValuStrat, a leading consultancy firm in the Middle East, released real estate market reports for the first quarter of 2021, which ascertained that Dubai residents have experienced an 11% drop in year-on-year rental prices. However, the company has reported that the declining percentage figure is reflective of heightened competition in the marke....

ng an increasingly steady market. </p> <br> <p>As leading property development companies across the country share projects, which amount to a significant introduction of new properties throughout the year, industry experts believe that rental prices will continue to stabilise post-pandemic rather

Introducing the Mollak System

With innovation leading the city’s progress, Dubai has introduced a platform that allows joint property owners and Dubai Land Department to regulate, pay, monitor and access property-related service charges. The Arabic translation for the word ‘owner’, Mollak was built by the Real Estate Regulatory Authority (RERA) to simplify home....

. <br><br> A new process that prioritises speed and convenience; the Mollak framework is intended to create 4 invoices every year, customarily one invoice per quarter based. Any outstanding balances will be uploaded onto the platform through the Owner Association (OA) manager (e.g. Kingfield, Saga