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11 December 2023

Poor response to OAs: Nakheel

By Parag Deulgaonkar

Nakheel, Dubai-based master developer, is currently processing registration requirements of about 290 interim owners associations (IOAs) within its developments, but says the response has been poor for election of IOA board members, Emirates 24|7 can reveal.
“We are currently processing the registration requirements of approximately 290 IOAs within our developments in coordination with and in line with Real Estate Regulatory Agency (Rera) regulations and direction,” a company spokesperson said.

In May last year, the Dubai Land Department issued four separate directions for the implementation of Strata Law, which set October 13 as deadline for registration of IOAs. Rera CEO Marwan Bin Galaita said recently that a total of 150 home owners associations have been registered with the agency.

Asked why Nakheel had not set up interim owners associations (IOAs) in International City and Discovery Gardens, the spokesperson said: “Part of the OA registration process involves election by jointly-owned property owners of an IOAs board. Overall, there have been poor responses to calls for these elections of IOA board members in these communities.”
Nakheel is also working on setting up the community service charges are as per Rera guidelines for 2011 and is not sparing any effort to get them reduced, he added.
Rera has already made it mandatory for all developers to seek its approval when finalising service charges for a completed project.