The Dubai Land Department (DLD) has introduced a new service called Munaqasat, designed to control tendering procedures for services and maintenance in the jointly owned property (JOP) sector. Munaqasat, introduced by the Real Estate Regulatory Agency (RERA) as part of the Mollak system, aims to enhance transparency in the industry and provide high-quality services at reasonable prices.
Key features of the Munaqasat service include:
- Streamlined Tendering Process: Munaqasat facilitates and streamlines the tendering process, establishing a direct connection between JOP companies and service providers.
- Comprehensive JOP Management: The service assists in the comprehensive management of JOPs in Dubai, ensuring that they receive the necessary services efficiently.
- Budget Submission: JOP enterprises are required to submit all tenders through the Munaqasat platform following the submission of their 2024 budgets, with a deadline of October 2023.
- Technical and Financial Evaluation: A finance team assesses the technical aspects and determines costs for each required service based on evaluations by a specialized technical team. The final tender is selected based on an average of the technical and financial rankings.
- Open Tenders: Tenders are then launched, allowing service providers to participate. Suppliers can register and access relevant tenders based on their registered activities, promoting transparency and ethical behavior.
- Future Enhancements: Munaqasat is expected to offer additional features beyond its original services, allowing property owners to assess service providers’ performance and providing owners’ committees access to relevant tenders.
This fully digitalized service promotes accurate budgeting for service fees and maintenance work, aligning with Dubai’s Digital Strategy. It aims to create a transparent and competitive environment in the real estate market, benefiting investors, residents, and the broader real estate sector.
Eng. Marwan bin Ghalita, CEO of RERA, emphasized the significance of the JOP sector in Dubai and its contribution to the overall real estate sector’s development. Munaqasat reflects the commitment to sustainability, innovation, and meeting the needs of stakeholders in the real estate market while promoting high-quality service standards through healthy competition.
