According to a memorandum of cooperation between "RERA" and "Etihad ESCO"

Reducing service fees for freehold property owners in Dubai

Ben Ghalita and Salman during the signing of the memorandum.

From the source

The Real Estate Regulatory Agency (RERA), the regulatory arm of the Dubai Land Department, has entered into a partnership with the Union Energy Services Company (Etihad ESCO), with the aim of cooperating to achieve a number of common goals, foremost of which is reducing the total service fees for unit owners in freehold properties, and the benefit is long The term is for a period not exceeding 99 years, and enhancing the principle of transparency in customer service for the cooling services billing system, according to a memorandum of cooperation between the two parties.

Dubai Land stated in a statement yesterday that the CEO of RERA, Eng. Marwan bin Ghalita, and the Executive Vice President of the Business Development and Excellence Sector at Dubai Electricity and Water Authority, Vice Chairman of the Board of Directors of Etihad Energy Services, Eng. Walid Salman, They signed the note.

cooperation

The department clarified that the memorandum also included cooperation in paying fees for cooling services regularly and in a timely manner, and invoicing the energy bills (electricity and air conditioning) for the units and areas of shared spaces in the projects, within the real estate units bills issued by the Dubai Electricity and Water Authority, in addition to the installation, maintenance and reading of meters Energy, through Etihad Energy Services, and direct payments to Dubai Electricity and Water Authority, as well as exploring the possibility of implementing energy efficiency solutions in the building that could help reduce energy costs.

Quantum leap

Bin Ghalita said that «the memorandum of cooperation with the Etihad Energy Services Company will work to achieve a qualitative leap in the field of energy efficiency and related fields, and we will work together to translate it in the best way. We will also work continuously to develop partnerships that will contribute to strengthening the structure. The infrastructure of the real estate sector in its various fields and trends ».

a study

For his part, Salman said: “We are looking forward to this partnership with the Real Estate Regulatory Agency, to work on achieving the specified results and objectives,” adding: “(Union Energy Services) is committed, in accordance with the memorandum of cooperation, to conduct a feasibility study, coordinate field visits, and create and propose an invoice form. , In addition to developing a project financing model.

Provision of 10 buildings

In turn, the Senior Director of the Relationship Regulation Department at the Real Estate Regulatory Agency, Muhammad Khalifa bin Hammad, said, “Based on the memorandum, the Agency is committed to providing 10 buildings for the purposes of implementing the pilot project, with all the necessary data for the buildings included in the pilot project, which may be requested by (the Union ESCO), in addition to providing the necessary support and coordination with all relevant parties.

Partnerships

The Real Estate Regulatory Agency confirmed the continuing development and development of partnership relations with the public and private sectors in many related fields, noting that it seeks, through these various partnerships, to enhance cooperation and consolidate strategic relations with partners and stakeholders.

• The memorandum included cooperation in paying the fees for cooling services regularly and in a timely manner.

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