Gulf News (United Arab Emirates), 2 October 2023: Dubai’s Land Department has announced it has launched a new Munaqasat service to improve transparency in the sector and ensure top-quality services at competitive prices.
It will be available via the Real Estate Regulatory Agency and will regulate tendering processes for all matters related to services and maintenance for jointly owned properties.
It will facilitate and simplify the tender process and establish a direct link between jointly owned property companies and service providers.
Jointly owned properties will have to submit all tenders through the service following the submission of their 2024 budgets which must be submitted by October 2023.
A specialist technical team will then submit tasks, assess firms, and provide recommendations. A finance team will then review the technical aspects and set prices for each necessary service.
The average of the technical and financial scores determines the final tender selection.
Tenders will then be initiated, allowing service providers to participate via the new service. They can register as suppliers, which will give them access to all relevant tenders based on their registered activities.
Additional features will be added by 2024 that will allow property owners to evaluate the performance of service providers. Owners’ committees will also have access to view presented tenders, which will improve transparency further and engage the real estate sector.
It has been launched in line with Dubai’s Digital Strategy.
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