In preparation for the forth-coming Jointly Owned Property Law in Dubai, ACW Holdings has appointed PRDnationwide Strata Consulting Division to manage their portfolio of properties to ensure a smooth transition to the new regulatory structure for property owners.
The Dubai Jointly Owned Property Law, an addition to the legal framework for property ownership, will bring much needed positive changes to the property industry, clarifying the responsibilities of developers and the role of the Home Owners Association.
General Manager, Ian Pask said of the appointment: “We have a large number of overseas buyers, and we feel it is important to add greater security to their investment where possible. Choosing the right management companies for the different roles in our investment-orientated properties is critical, and we feel we made the right choice with PRDnationwide.”
PRDnationwide Chairman, Gary Bugden pointed out: “Sound structuring and professional management of Jointly Owned properties is one of the factors which differentiate high quality property investments from others. Our goal is to enhance property values through creating sustainable, harmonious and successful communities.”
PRDnationwide Strata Consulting division is the largest team of dedicated strata and community management design specialists in the Middle East, providing advice to developers on the titling, subdivision and management of new and existing real estate projects.
