Регулируется ли деятельность управляющих недвижимостью в Дубае?

Are Property Managers Regulated in Dubai

Бурно развивающийся рынок недвижимости Дубая находится на подъёме. Он известен высокодоходной арендой, роскошным образом жизни и современной инфраструктурой; город стал центром притяжения инвесторов со всего мира, что привело к росту спроса на профессиональные услуги по управлению недвижимостью.

Управление недвижимостью в Дубае регулируется, поскольку это крайне важно для защиты как арендодателей, так и арендаторов. Регулирование таких процессов находится в ведении DLD (Департамент земельных ресурсов Дубая) и RERA (Агентство по регулированию недвижимости). Эти органы обеспечивают соблюдение всеми специалистами в сфере недвижимости, включая управляющие компании, правовых норм и этических стандартов.

Контроль доступа: регулирование управления недвижимостью в Дубае

Согласно законодательству о недвижимости Дубая, принятому в 2019 году: «Управляющая организация — это юридическое лицо, ответственное за управление общими объектами, совместно принадлежащей недвижимостью или общими частями в соответствии с положениями настоящего закона. К таким организациям относятся застройщики, управляющие компании или компании по управлению гостиничными проектами, в зависимости от случая».

Основываясь на данном определении, управляющие недвижимостью заботятся о собственности — будь то жилые объекты, промышленные (через стороннего подрядчика) или коммерческие. Они сокращают количество пустующих помещений, заботятся об инвестициях владельцев, стремясь максимизировать их доходность, а также отвечают за поддержание состояния недвижимости, регулярные проверки, сохранение её ценности и привлекательности.

Требуется ли лицензия для управления недвижимостью?

Основная обязанность управляющих недвижимостью заключается в том, чтобы заботиться о собственности от имени владельца, поддерживать её в надлежащем состоянии, обеспечивать своевременные платежи арендаторов и соблюдать изменяющиеся правила и нормы. Такая деятельность не может выполняться кем угодно по собственному желанию.

UAE’s Real Estate Regulatory Agency (RERA) regulates property management and enforces licensing on their activities, prior to initiating any contract with any property owner.

Article 5 of Law No. (4) of 2019 Concerning the Real Estate Regulatory Agency -definitions’ section- states that one of the RERA’s functions is to “regulate and license Real Property Activities, and audit and monitor the persons conducting these activities to ensure their compliance with the legislation regulating the Real Property sector”; RERA certifies property management entities to operate according to contractual and legal terms, it also provides regulatory training courses for appliers.

Hence, property managers should register with RERA with Trakheesi system and then obtain the professional practice cards, acquiring eligibility for commencing activities.

What are the Duties of Property Managers?

Property managers are often hired due to the unavailability of property owners to manage their own property, or having multiple possessions, or having resided outside of the property’s location, owners wish to have peace of mind and handover duties to experts who are willing to look after the property with utmost care, thus the management duties can be listed as follows:

  • Doing what’s in the best interest of the landlord when it comes to probing new tenants and screening prospect ones -as in performing due diligence procedures to verify tenants’ identities- to make sure they are well-qualified for preserving the value of the property and handing payments on time.
  • Handling leases with tenants: tenancy contracts, maintenance fees, and service charges. Checking for repairs and scheduling them. Property managers are also required to set and collect the rent fee as well as renew the leasing contracts.
  • Legal compliance: property managers should always ensure the application of tenancy regulating laws among tenants and their landlords and stay updated on the norms.
  • Financial reporting: keeping all documents in check and ready for discussion with the property owner.

Such duties may alter based on the amount of payment, the size and type of the property, and the responsibilities mentioned in the contract.

Perks of Having Property Management:

Property managers’ activities are often time and effort saving for owners, the benefits can be numerous and listed as follows:

  • Advanced Tenant Screening: this due diligence procedure ensures the occupation of reliable and financially capable tenants only, which results in a risk reduction when it comes to late payments, property damage, and cases of eviction.
  • Legal Compliance: The property is regularly checked for compliance with local laws, including tenancy and municipality regulations, contracts are also properly managed along with notices and legal proceedings. Such compliance offers legal safety for both parties.
  • Efficient Rent Collection and Repairs Management: property management entities ensure the timely and well-handled rent collection, while being a point of contact between the tenant and the owner, providing effective communication channels and dispute handling; as well as checking for repairs and scheduling maintenance dates with trusted service providers.
  • Conserve Long-Term Property Value: the execution of proactive maintenance and regular check-ups protect the investment; consequently, the value is kept in good condition for resale and new leasing contracts.
What if We Hire a Non-Licensed Property Manager?

Property owners ought to check for the verification of the legitimate licensing of property management entities, through checking the validity of the license by typing in the sequenced number on the Dubai Rest application, if this process is overlooked and a non-licensed manager was hired, then:

  • Both parties of the contract -as in both the owner and the alleged property manager- would be subject to legal penalties, such as fines under the local law.
  • Lack of legal background and standing leads to lack of accountability, which creates more opportunities for embezzlement or fraud due to the absence of proper procedures.
  • Defective tenant management systems: non-licensed managers would perform ineffective customer screening as they have no knowledge of proper due diligence procedures, and poor legal knowledge may affect property’s state and may result in the issuance of unlawful eviction procedures.
  • Reputation damage: tenants may view the property as being unprofessional or unsafe, poor management history negatively impacts leasing and selling rates within a property.
  • No insurance coverage: if issues arise, non-licensed property managers are not held accountable in court for loss coverage.
Заключительные мысли

The original law creation was dated in 1754 BC, known as “Code of Hammurabi; These early legal systems were created to establish order, regulate society, and resolve disputes”. Even if times have changed and societies have advanced, rules and regulations are indispensable for proper interactions among people, especially when providing services. Upon abiding to the laws governing relations between property owners and the managers, each party secures their rights and ensures legal protection in case of any misdemeanour.

To sum up, we are inhabitants of a world currently lead by digital platforms, overcrowded with scammers and fraud attempts, this upraises the quest for applying proper due diligence on tenants to verify their identity and do background checks, in other terms screening them and checking for any previous criminal commission, thus paving the safe route for selling or leasing a property to someone with a clean history and legal source of income.

When is the Ideal Time to Appoint a Property Manager?

Before renting a unit, property managers can assist with better marketing for the property and setting competitive prices for rent, this process can also take place during tenant transitions. Another ideal time to hire a property management entity is upon facing challenges with tenants regarding maintenance issues for instance.

Can a Property Manager Handle Properties in More than One Emirate?

Most of them are licensed in Dubai, cross-emirate management requires specific licensing or third-party collaborations.

Is it Possible to Hire Property Managers just to Consult on Certain Issues?

Yes, some property managers offer advisory services or flat-free consultations without commitments, such as to advise on tenant disputes or contract reviews.

What is the Cost for Property Management Hiring?

The price of onboarding a property manager depends on the scope of activities to be covered, the size and type of the property, the standard typical range is five to ten percent of the annual rent value, deducted monthly or received annually.

If you’re an occupied property owner looking to simplify your property management, we can  help with referring property management companies to match your needs.  

Дисклеймер: Содержание этой страницы предназначено только для общей информационной цели и не является юридической консультацией, а также не должно использоваться в качестве основания для каких-либо конкретных действий или решений. Ничто на этой странице или на этом сайте не следует рассматривать как предоставление юридической консультации или юридических услуг по каким-либо конкретным вопросам. Пользователям данного сайта рекомендуется обратиться к юристу за конкретной юридической помощью по возникающим у них вопросам.

Похожие статьи

Готовы инвестировать безопасно в Дубае?