Dubai approves first-ever three-year fixed service fees for Palm Jumeirah
Dubai Land Department, in collaboration with Dubai Holding Community Management, has approved the first-ever three-year fixed service fee structure for the Palm Jumeirah Master Community — a landmark step aimed at improving transparency, stability and long-term financial planning in Dubai’s real estate sector.
The new mechanism allows management companies of jointly owned properties to submit and obtain approval for a three-year service fee budget through the Mollak system, while retaining the option to continue with the traditional one-year budgeting model. The initiative supports management companies in entering long-term operational contracts with service providers, creating greater certainty for owners and investors.
The move, led by the Jointly Owned Property Management Department, marks a strategic upgrade to the Mollak system by strengthening digital data integration, improving the review of budgets and financial appendices, and creating a centralised database to ensure accuracy and standardisation of issued approvals. Documentation and authentication procedures have also been streamlined to reduce processing time and improve regulatory oversight.
Eng. Abdullah Ahmed Al Shehhi, CEO of the Real Estate Regulatory Agency at Dubai Land Department, confirmed that Palm Jumeirah is the first master community to benefit from the advanced three-year budgeting model. He added that all community management companies across Dubai can now adopt this mechanism to support service fee stability, transparency, and long-term planning.
The announcement was made during a joint workshop with Dubai Holding Community Management, where Francis Gianni, Chief Community Management Officer, highlighted the organisation’s portfolio milestones and the strategic value of multi-year financial planning.
Francis Gianni said the framework will enable stronger strategic foresight and long-term improvements that enhance resident experiences at Palm Jumeirah and beyond.
This initiative reinforces Dubai Land Department’s commitment to modernising real estate governance, strengthening investor confidence, and delivering world-class community living through more efficient and innovative systems.
