Mollak serves as a centralized digital system for property owners, Owners Association Management (OAM) companies, and regulatory authorities. It facilitates the regulation and monitoring of service charges in jointly owned properties, ensuring that all financial transactions are transparent and compliant with DLD regulations.NoBrokerHood+1w2realestate.com+1mollak.dubailand.gov.ae+1NoBrokerHood+1
🛠️ Key Features
- Transparent Service Charge Management: Mollak allows property owners to view and pay service charges directly through the platform, ensuring clarity in financial obligations.w2realestate.com+10Bayut+10UAE Today+10
- Budget Approval Process: OAMs submit annual budgets for approval via Mollak. These budgets are reviewed by certified auditors and then approved by RERA, ensuring that service charges are justified and regulated.ZāZEN Properties+3NoBrokerHood+3UAE Today+3
- Escrow Account Oversight: Service charge payments are directed into escrow accounts approved by RERA, safeguarding the funds for their intended maintenance and operational purposes.LinkedIn+10UAE Today+10Bayut+10
- Service Charge Index Access: Property owners can access the Service Charge Index through Mollak to compare approved service charges across different properties and communities in Dubai.دائرة الأراضي والأملاك – الصفحة الرئيسية+7NoBrokerHood+7LinkedIn+7
🧾 How to Use Mollak
- Access the Platform: Visit the Mollak official website or use the Dubai REST app.دائرة الأراضي والأملاك – الصفحة الرئيسية+2Gulf News+2LinkedIn+2
- View Service Charges: Navigate to the Service Charge Index to view approved charges for your property.
- Make Payments: Pay your service charges directly through the platform into the designated escrow account.Damac Properties+7Bayut+7LinkedIn+7
- Track Transactions: Monitor your payment history and any updates related to your property’s financials.
💡 Benefits of Mollak
- Enhanced Transparency: By centralizing financial transactions, Mollak reduces disputes between property owners and management companies.Damac Properties+3Bayut+3Property Finder+3
- Regulatory Compliance: Ensures that all service charges and budgets are approved by RERA, aligning with Dubai’s real estate regulations.LinkedIn+5UAE Today+5Bayut+5
- Empowered Owners: Provides property owners with direct access to financial information, fostering informed decision-making.