The Real Estate Regulatory Agency (RERA) has introduced the ‘Tayseer’ initiative to help unit owners settle overdue service fees through flexible six-month payment plans.
A subsidiary of the Dubai Land Department (DLD), RERA’s new initiative allows property owners to coordinate with jointly owned property (JOP) management companies to structure payments, reducing financial strain and creating greater stability in the real estate sector.
Tayseer aligns with the UAE’s ‘Year of the Community’ initiative which focuses on strengthening social bonds, preserving cultural heritage, and ensuring sustainable growth. By facilitating easier payment solutions, the initiative supports a cooperative approach that enhances both social and economic stability.
So far, 19 management companies have joined the programme, highlighting the real estate sector’s dedication to financial sustainability and support for property owners.
Gulf Economist Staff Writer