Post by: Bandan Preet
Photo : Dubai Government Media Office
In an effort to ease financial pressure on property owners, the Real Estate Regulatory Agency (RERA), which is part of the Dubai Land Department (DLD), has launched the ‘Tayseer’ initiative. This program is designed to help unit owners pay their overdue service fees through flexible payment plans. Under this initiative, property owners can clear their outstanding fees over a minimum of six months, making it easier for them to manage their payments. This step aims to bring more financial stability to the real estate sector and reduce the financial burden on property owners.
Supporting the 'Year of the Community'
The ‘Tayseer’ initiative is part of Dubai’s broader goals for 2025, which the leadership has declared the ‘Year of the Community’. This theme, named “Together, hand in hand,”, focuses on strengthening family and community bonds. It also promotes cooperation and shared responsibility to safeguard the cultural heritage and support sustainable growth. Through Tayseer, the DLD hopes to build stronger community ties by helping property owners settle their fees without facing legal action.
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Flexible Payment Plans to Avoid Legal Action
The initiative was introduced after RERA held a meeting with jointly owned property (JOP) management companies. During this meeting, both parties agreed to allow property owners to sign up for flexible payment plans over a two-month registration period. As part of the agreement, the JOP management companies promised not to take legal action against property owners during the payment plan period.
So far, 19 management companies have joined the initiative, highlighting their support for property owners and their commitment to boosting financial stability in Dubai’s real estate sector.
Aiming for Stability and Sustainability
Mohammed Ali Al Bidwawi, the Acting CEO of RERA, stated that the Tayseer initiative is part of the DLD’s ongoing efforts to strengthen the real estate market. He explained that the program aims to balance both economic and social needs by offering property owners practical solutions for managing overdue payments.
He added, “The Dubai Land Department will continue to launch impactful initiatives that support property owners and investors while boosting trust and cooperation in the market.”
Benefits for Property Owners and the Real Estate Sector
Through Tayseer, the DLD aims to achieve several key goals:
Reduce legal disputes: The initiative aims to lower the number of cases related to unpaid service fees at the Rental Disputes Center.
Enhance satisfaction: By offering easier payment methods, the DLD hopes to improve the experience of property owners.
Ensure financial stability: By working with property management companies, the initiative promotes timely payments, preventing disputes from reaching the courts.
Increase transparency: The program also encourages greater transparency in service fee collection, helping property owners feel more confident about their investments.
Part of Dubai’s Real Estate Strategy 2033
The Tayseer initiative aligns with the Dubai Real Estate Sector Strategy 2033, which aims to make service fee payments more flexible and sustainable. The goal is to help property owners meet their financial and investment objectives while ensuring payments are made on time.
The program also encourages proactive planning to detect and solve financial issues early, preventing them from turning into bigger problems or legal disputes.
Encouraging More Companies to Join
The Real Estate Regulatory Agency is encouraging all property owners with outstanding service fees to contact their management companies directly and benefit from the Tayseer initiative. The agency also urges more JOP management companies to join the program and support these efforts.
For more information and to see the full list of management companies participating in the initiative, property owners can visit the official Dubai Land Department website.
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