Property Owners' Service Charge Payment Assistance

Dubai property owners with outstanding service fees can now pay them in installments through the "Tayseer" initiative. This allows owners to negotiate flexible payment plans, with a minimum duration of six months, in coordination with property management companies. During this period, no legal action will be taken against those in arrears. This initiative aims to alleviate financial burdens on owners and promote stability within the real estate sector.

The Tayseer initiative, spearheaded by RERA (Real Estate Regulatory Agency), addresses the growing number of property owners struggling to pay service fees, particularly as these fees have increased in recent years. Previously, owners with outstanding dues faced restrictions on selling their properties. Now, the initiative provides a pathway for them to resolve their debts.

Nineteen owner association (OA) companies have already joined the initiative. These companies oversee property management and service charge collection within freehold communities. The initiative's launch followed a meeting between RERA and OA management companies to discuss solutions for overdue service fees. Registration for the initiative will be open for two months through the OA companies, with a commitment from the companies not to take enforcement actions during the payment plan implementation.