FAQ
The Answers You Need
A Homeowners' Association (HOA) operates as a distinct and separate non-profit entity, comprising all unit owners within a collectively owned property as its members. Tasked with the governance, surveillance, and upkeep of shared spaces, the HOA ensures that these common areas are well-maintained and managed efficiently. Upon the formal registration of their purchase, property owners within a building or community are automatically enlisted as members of the HOA.
Membership mandates the payment of an “annual service charge,” a fee pooled together for the ongoing maintenance and care of the communal areas within the property.
The Real Estate Regulatory Agency (RERA) is the authoritative body overseeing HOA operations across Dubai's communities. To uphold transparency, ethical business practices, and accurate budget calculations, RERA has introduced Mollak, an innovative online platform. Mollak seamlessly aggregates operational costs for each community, facilitating the generation of prorated invoices for homeowners, thus ensuring the equitable distribution of expenses for maintaining their properties.
What is Homeowners' Association
You become eligible to join the Homeowners Association (HOA) when your property purchase is officially recorded and your name is registered as the owner of a unit within the jointly owned property. This automatic membership ensures that all homeowners are part of the association responsible for the management and upkeep of common areas and facilities. Membership begins from the date of registration, making you a vital part of the community with rights and responsibilities towards maintaining and enhancing shared spaces.
When am I eligible in HOA
The Mollak generates invoices every quarter that are payable within 30 days of receiving the invoice. Every unit will receive four invoices in a calendar year along with the due date from the date of issuance.