Help for Homeowners
Stratum is happy to share some good news about Owners Associations. The statistics below show that Community Living is a popular option all around the world!
Did you know? A recent international survey was conducted with residents of various Owners Associations to measure their satisfaction with the community living experience.Here’s the result of that survey: Considering your overall service charges and the services provided by your Owners Association, how would you describe the return for what you pay in service fees? 81%of the respondents said “good or great” while 18% responded “not so Read more.
With all of the recent press coverage about Owners Association and delinquent service charges, many owners are wondering if they should pay their service fees. This sentiment is especially true as owners watch their common area amenities being arbitrarily shut down. This practice affects both the owner-residents and investors as it is very difficult to rent out your property when, for example, the neighborhood pool has no Read more.
The recent announcement by the Real Estate Regulatory Authority (RERA) that interim Owners Associations will soon be able to open their own bank accounts has been well received by interim owners associations who have commenced the journey toward full registration and self management. This action will also be a significant step in assisting interim owners associations board members to gain the experience in self management of their Read more.
Insight from James Mahony, of Stratum Owner’s association management, to unit owners and developers on how to set up for the regulations of Dubai’s jointly owned property law (Strata Law).