New Dubai law bars developers from collecting service fees

Mollak, an electronic platform for tenants and home owners, is on track to record Dh4 billion.

Dubai developers are no longer allowed to collect service charges from property owners as a new law comes into effect removing developers from setting charges or collecting funds. Developers have only a month left to start invoicing all service charges on ready properties through the Dubai Land Department's Mollak system, which was launched by the Dubai Land Department.

Read more on: https://www.khaleejtimes.com/business/real-estate/mollak-system-set-to-record-dh4b-in-real-estate-service-fees-/