Dubai, UAE – In a landmark move for Dubai’s real estate sector, the Dubai Land Department (DLD), in collaboration with Dubai Holding Community Management, has approved the first-ever three-year fixed service fees for the Palm Jumeirah Master community.
This pioneering mechanism allows management companies of jointly owned properties (JOPs) to submit and secure approval for a three-year service fee budget through the Mollak system, while still offering the flexibility for entities that prefer to continue with the traditional one-year budgeting process.
A Major Step Toward Stability, Transparency & Long-Term Planning
The new budgeting model is designed to:
- Stabilise service fees for property owners
- Improve long-term financial planning
- Enable management companies to enter multi-year operational contracts with service providers
- Enhance clarity and predictability for owners and investors
This strategic shift significantly strengthens transparency, operational efficiency, and community management maturity across Dubai’s real estate ecosystem.
Advancing the Mollak System
The adoption marks a major milestone led by DLD’s Jointly Owned Property Management Department, signalling an evolution of the Mollak system into a more advanced, future-focused platform.
Enhancements to the system include:
- Upgraded digital data integration
- Streamlined documentation and verification processes
- Faster approvals and improved oversight
- Enhanced service quality for all stakeholders
These improvements support more sustainable community management, backed by accurate and reliable financial data.
Official Statements
Eng. Abdullah Ahmed Al Shehhi, CEO of the Real Estate Regulatory Agency (RERA) at DLD, highlighted that the new mechanism has been implemented for the first time in collaboration with Dubai Holding Community Management, with the Palm Jumeirah Master community being the first project to receive approval under this model.
He stated:
“All community management companies across Dubai can use this new mechanism, which supports long-term financial planning and enhances the stability of service fees. This step forms part of RERA’s ongoing efforts to strengthen transparency, improve efficiency, and elevate the quality of community services across the emirate.”
During a joint workshop organized with Dubai Holding Community Management, RERA showcased updates supporting multi-year financial planning and community management enhancements.
Francis Giani, Chief Community Management Officer at Dubai Holding Community Management, added:
“This milestone will significantly enhance our strategic planning capabilities, allowing us to approach future initiatives with greater foresight and clarity. With this renewed framework, we are committed to implementing meaningful, long-term enhancements that enrich the community experience and deliver enduring value for residents on the Palm Jumeirah and beyond.”
Reinforcing Dubai’s Vision for World-Class Communities
This initiative reaffirms the Dubai Land Department’s commitment to:
- Advancing modern regulatory systems
- Strengthening customer confidence
- Supporting Dubai’s vision of world-class, future-ready communities
- Building a more efficient, transparent, and innovative real estate ecosystem
The approval sets a new precedent for community management in Dubai, paving the way for more stable service fees, stronger planning, and improved resident experience across the emirate.
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