Wednesday, 5 October 2011

Homeowners a step closer to 'strata law' power - The National

Homeowners in Dubai have moved a step closer to full control of managing their own properties and resolving the thorny issue of service charges.

By early next month, owners' associations will be allowed to open their own bank accounts, independent of developers.

The move is almost the final stage in the lengthy process of creating owners' associations with the legal authority to negotiate contracts for upkeep, cleaning, security and other services in all freehold property in Dubai.

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