subject: Why Hire An Experienced Owners Association Manager? [print this page] As Owners Associations are establishing themselves in the Dubai property market (albeit Interim Associations at this point in time) the question arises as to why would a group of Owners want to appoint an experienced Owners Association Manager and/or Owners Association Company to manage their building in Dubai. Is it not just finding the Company who can provide the cheapest price!
As we all may know there are a myriad of Companies that are licensed with RERA and touting their services to the market. At the last count there were over thirty such companies that are authorised to provide this activity by RERA.
Are they all the same? The simple answer to this is no!
This is an industry that has been established for over 40 to 50 years in countries such as the USA, Canada, Singapore, Australia, New Zealand and South Africa and where selecting a professional and competent manager is considered very important. In these markets experience does count!
So what are important considerations that one needs to look at when appointing an Owners Association Company for your building?
Here are some questions that should be considered.
What experience does the company or the key management have both locally and internationally? As the industry is very new to Dubai it is important that the organisation that you engage has people that have had international experience and preferably also Dubai experience.
Who is the Owners Association manager that would be appointed to your building? What is their experience? Do they have international and Dubai based experience?
What experience do they have in managing a building like yours? Have they managed high rise buildings or only villa developments there is a big difference!
Does the Company have the overall ability to deliver the required services for the building?
What experience have they had with dealing with government organisations such as RERA?
Have they had practical experience with the requirements to get the Owners Association registered with RERA?
Do you have experience in dealing with processes to obtain Owners Association registration with RERA?
Is their pricing competitive for the experience you are receiving?
A good Owners Association Company effectively brings together a variety of skills in order to effectively manage your building and enhance the overall value of the asset.
Appointing an inexperienced manager could lead to mis-management in dealing with such areas as service contracts, administrative issues and the financial accounts as well as diminishing the value of your property asset.
Premium Community Management is a Dubai DED registered Company and is RERA accredited with substantial experience in the Dubai and International property markets managing Owners Associations.
