Dubai property owners need to clear all service fee dues to rent or sell their units
Rental Disputes Centre to hear cases as property management companies get tough on payment Dubai: Property owners who have fallen behind on service charge payments in Dubai will not be given official clearance to rent or sell that unit – until all arrears have been cleared. This follows the end of the 30-day grace period […]
Dubai homeowners beware: Unsettled service charges may lead to auctions
Repeated failure to clear service charge arrears can lead to property being auctioned Dubai: Property owners in Dubai who regularly default on their service charge payments could run the risk of having these homes placed on auction to recover the funds owed. This measure will only be used as a ‘last resort’ when the arrears […]
For 2023, will Dubai’s property service charges remain unchanged? Landlords hope so
Dubai’s freehold property owners 2023 service fees hold no surprises Dubai: Property owners in Dubai are unlikely to see sharp rises on their 2023 service charge payments as Dubai Land Department and the various owners association (OA) management companies work on the numbers. If at all there are any increases, those will be related to […]
Dubai Property: Hikes unlikely on home service charges
This year will be about adjusting to RERA’s new law on owners associations Dubai: Service charges on freehold property in Dubai are unlikely to see any sharp increases this year as a new law takes full effect. Property owners may also have something to look forward to – what they are paying out on maintenance […]
Stratum at number 30 in the list of “50 MOST INFLUENTIAL PEOPLE IN THE FM INDUSTRY #2
Did you know? A recent international survey was conducted with residents of various Owners Associations to measure their satisfaction with the community living experience.Here’s the result of that survey: Considering your overall service charges and the services provided by your Owners Association, how would you describe the return for what you pay in service fees? […]
National Bonds, Stratum to manage Casa Flores community
Dubai-based National Bonds, a leading investment company with a Shari’a approach to financial products and services, has signed an agreement with Stratum, one of local talented Owners Association Management companies. They will manage the common areas of the owners’ residential units and apartments at Casa Flores and Eden Apartments, in Green Community, Motor City. The […]
Rental Disputes Center receives AED 150,000 donation from ‘Stratum’ owners association management company
Dubai, United Arab Emirates, 15 March 2024: The Rental Disputes Center (RDC) received AED 150,000 donation from ‘Stratum’ Owners Association Management company to assist financially distressed cases in rental dispute lawsuits at RDC. His Excellency Judge Abdulqader Mousa, Chairman of the RDC at Dubai Land Department, accepted the donation cheque from Saeed Abdulkareem Al Fahim, […]
Al Ansari, Stratum to offer easy payment method
Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, recently signed an agreement with Stratum, the leading Owners Association Management company in the UAE, to facilitate the payment of service charges and maintenance fees by property owners. The agreement was signed by Rashed Ali Al Ansari, general manager of Al Ansari Exchange, […]
Saeed Al Fahim
Owner’s association management firm Stratum’s revenue has risen by $2m in 2017, as compared to its figures in 2016. In 2017, under long-term CEO Saeed Al Fahim, Stratum addressed the crucial aspect of collecting service levies. “Stratum implemented an advanced solution by engaging dedicated staff and implementing contact policies which includes SMS and direct calling […]
Dubai South and District 2020 are where buyers head to for affordable homes
With prices at Dh600-Dh1,000 psf and ample space, more end-users are heading ‘south’ Dubai: Looking for a home in Dubai? With the promise of ample space and at a fairly affordable price? Then, head South. In the next few weeks, multiple launches are slated at Dubai South with sub Dh1 million apartments and villas of […]
