SERVICE CHARGE BUDGET REVIEW (MOLLAK SYSTEM) in DUBAI
MOLLAK is developed specifically to assist real estate stakeholders, including property developers, owners, investors, Owners Associations, and Association Managers to comply with all RERA registration and management requirements. Dubai has been pioneering the world with its design and pace of real estate growth and master community developments over the past decade and MOLLAK shall continue this pioneering spirit by providing a unique online system to create ease and transparency in the real estate sector.
The Mollak system manages adherence to Law No. (6) of 2019 Concerning Ownership of Jointly Owned Properties in the Emirates of Dubai. The main intent of this platform is to protect the rights of individuals and organizations in the real estate sector.
The BUDGET REVIEW includes the forecasted maintenance charges of the property and the service charge will be collected from the unit holders based on the approved budget review from RERA.
Our competent Chartered Accountants in Al Saadi & Associates can fully assist you in navigating the MOLLAK system and its requirements.