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Registering Owners Associations - Property Developer Training

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Registration of Owners Associations is required under Law 27, regarding Ownership of Jointly Owned Property.

 

This information session has been designed to assist property developers to understand their legal obligations, preparing for registration and the actual process of entering the data in to the Governments “Mollak Registry” system to officially register the Owners Associations.

 

 


 

Why is registration important?


By registering an Owners Association, a legal entity is created on behalf of the owners of a development or group of developments.

 

The creation of the legal entity allows the Owners Association to operate autonomously of the developer, including the ability open a bank account on behalf of the owners, rather than holding funds in the developer’s bank account.

 

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Note: Training times, locations and costings at the bottom of this page.

 

 

 


 

Topics Covered

 

 

Preparing to register your Owners Associations

 

- Required information

- Putting together the required documents

- Understanding the requirements under the law

 

 

 



The registration process, entering the information into Mollak Registry

 

- Getting your login details

- Navigation and basic use

- Entering your first Owners Association

- Creating and submitting budgets

 

 

 

 


 

Payment & Location Details

 

 

Cost: AED 7,000 for up to 3 delegates, AED 2,000 for each additional delegate

 

Payment: Payment can be made by cash or cheque and must be made at the DREI office, in full prior to training. A receipt will be provided. Cheques should be made out to “Dubai Land Department”.

 

Location: 7th Floor, Building 53, Dubai Healthcare City : Click here for location map

 

Note: Maximum 16 delegates per session, book early to get your preferred training date! Additional classes shall be added to cater for demand.

 

What to bring: Laptops/computers will be provided, however you are welcome to bring your own. Pen and paper for notes.

 

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