Homeowners new Strata law

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Kent O’Brien (left) and David Yeates of AUEA Strata Global.

Property owners in Dubai are currently preparing for life under the new Strata law, due for implementation in the future.

The law will see developers hand over control and ownership of the common areas of the building rather than just individual units.

Currently, many buyers only legally own the actual unit they bought and have no claim on common areas such as pool and gym. The new legislation will divide the common areas up by the number of units and gives each owner an equal share.

Strata will put ownership and therefore management and maintenance of the building into the hands of the homeowners who will be responsible for ensuring these areas are carefully managed and maintained effectively. Each building will elect a committee of members to oversee such matters.

In preparation for the law‘s imminent introduction, and in one of the first moves of its kind in Dubai, residents of Westside Marina Building, with full support of its developer; Tulip Developments, have signed a joint submission from Better Homes and AUAE Strata Global to manage both the property and homeowner's association of the building.

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READERS' COMMENTS

Citizenship
Posted by Reshma Tahiliani, Dubai, India on Monday 20 August 2007 at 00:00 UAE time

I truly share Bharatesh's view as countless people are contributing to the UAE economy through their services. The price being paid by expats is high - not least by staying away from family and one's own culture. The reward for us should be citizenship so that we are motivated to devote the peak periods of our working career to a nation that embraces us in the long run.

Strata Law
Posted by Rodger, Dubai, UAE on Sunday 19 August 2007 at 14:00 UAE time

This law is badly needed; at the moment homeowners can be held to ransom by developers, who often seem to charge over the odds for their facilities management services or change the rules overnight, with no thought being given to whether this will deter future investors. Bring on the homeowner associations!

Citizenship
Posted by Bharatesh Suvarna, Dubai, UAE on Sunday 19 August 2007 at 07:00 UAE time

The look seems very positive - now, it's high time that they start looking at giving citizenship to people who buy properties and have been living in this land for over 10 years.

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