Owners’ Association Governance

REQUEST FOR PROPOSALS

CAS-RFQ-202004 - MULTISTAGE CENTRIFUGAL PUMP REPLACEMENT (CLOSING DATE: OCTOBER 6, 2020) MVT-RFQ-202022 - SUPPLY OF GARBAGE BINS (CLOSING DATE: OCTOBER 5, 2020) MVT-RFQ-202023 - SWIMMING POOL REFURBISHMENT (CLOSING DATE: OCTOBER 10, 2020) MVT-RFQ-202024 - SWIMMING POOL AUTO DOSING SYSTEM (CLOSING DATE: OCTOBER 10, 2020) FET_RFP2020-013 - CCTV RECTIFICATION & AMC 2020 (CLOSING DATE: OCTOBER 10, 2020) MVT_RFP2020-017 - GYM EQUIPMENTS [...]

By Jerry Mae|2020-10-01T17:50:04+04:00September 30th, 2020|Facility Management, Requests for Proposals|0 Comments

Law No 6 of 2019 Concerning Jointly Owned Property

Beginning of September a new Law was issued that effectively repeals Law No 27 of 2007 concerning Jointly Owned Property. The new law replaces Owners' Associations with Management Companies, assigning them all rights and obligations previously resting with Owners Associations. At the same time protects the rights of Owners through several new checks and balances, and an Owners' Committee. There [...]

By Waqar Hasan|2019-10-04T16:06:46+04:00September 30th, 2019|Owners' Association Governance, Real Estate News and Opinions|Comments Off

Emergency Response Plan

Owners Association Managers in Dubai are under the spotlight whenever there is any unfortunate incident involving Fire. Most managers do not realize that they have the responsibility of ensuring Fire Safety and Emergency Response Planning. A few years ago I hired a consultant on behalf of an owners association to prepare an emergency response plan, what we received was more of a plan [...]

By Waqar Hasan|2016-10-24T11:08:22+04:00October 24th, 2016|Health and Safety, Owners' Association Governance|0 Comments

Potable Water Quality Testing

Association Managers should go into the details of facilities management to ensure the scope of services are set in line with recommended health and safety standards. Leaving all affairs in the hands of FM companies with broad and vague scope of services is an extremely dangerous practice that paves the way for disasters. This article is aimed to educate Dubai's Owners' [...]

By Waqar Hasan|2018-03-03T16:17:33+04:00December 14th, 2014|Facility Management, Health and Safety, Owners' Association Governance|0 Comments

Are BTU meters Required for Energy Saving?
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Are BTU meters Required for Energy Saving?

Facility Management, Financial, Owners' Association Governance

Are BTU meters Required for Energy Saving?

The pressure on Owners’ Association Managers and Interim Boards of the Dubai’s Owners’ Associations to save on energy bills has created a sort of group think in the entire industry. Owners’ complain of high service charge, the OA manager explains that more than 50% is going to energy bills, the solution; install meters and transfer some cost of energy to [...]

By Waqar Hasan|2018-03-03T16:17:37+04:00February 23rd, 2014|Facility Management, Financial, Owners' Association Governance|0 Comments

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Why Do Owners’ Associations Need Reserve Fund?

Facility Management, Financial, Owners' Association Governance

Why Do Owners’ Associations Need Reserve Fund?

Reserve fund in the context of Jointly Owned Property is an amount of money set aside to pay for major expenses that are expected in the long run. One of the most significant reasons for maintaining a property reserve fund is because it spreads obvious expenses evenly over a given period. This enables one to plan and meet these obligations [...]

By Waqar Hasan|2018-03-03T16:17:39+04:00February 22nd, 2014|Facility Management, Financial, Owners' Association Governance|0 Comments