Dubai Land Department, in collaboration with Dubai Holding Community Management, has approved the first-ever three-year fixed service fees for the Palm Jumeirah Master Community.
The new mechanism allows management companies to submit and obtain approval for three-year service fee budgets through the Mollak system, while retaining the option to continue with a one-year budgeting model.
The framework is designed to stabilise service fees and support more effective long-term financial planning across large-scale communities.
Gulf Economist Staff Writer