Dubai Real Estate New Law Prohibits Developers From Collecting Service Fees
Dubai real estate new law requires developers to make transactions and invoices through Mollak system. It now bars developers from collecting service fees.
Dubai real estate new law requires developers to make transactions and invoices through Mollak system. It now bars developers from collecting service fees.
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Grab this Dubai real estate guide to know the tenancy law. Equip yourself with the right knowledge to comply with the requirement in acquiring a property.
A new system known as Mollak was set by Dubai intended to monitor accounts that are related to service charges in projects. The Mollak was launched by the Dubai Land Department (DLD) and the Real Estate Regulatory Authority (Rera), its regulatory arm.
The thought of moving to Dubai has become popular due to several reasons such as its economic opportunities, propensity for growth and development, and others. The downside with the multiple options available is the difficulty in choosing a house for rent in Dubai. Here are a few guidelines
The greatest purpose of EJARI is to provide legal security to both landlords and tenants. As a resident looking for a house for rent in Dubai, you have likely come across the term EJARI when it comes to tenancy agreements.