BCS to assist developers with 'Mollak'

Dubai: BCS Strata Management Services, the first UAE-based strata management company, announced on Monday that it would assist property developers with professional guidance in registering their projects' owners associations on Real Estate Regulatory Authority's (Rera's) new online registration system, "Mollak."

Mollak (owners in Arab-ic) is an online system that registers owners associations in Dubai. It is a key feature of a new owners' database for the Dubai Land Department.

Operational from April, this is the only process whereby an owners association can obtain an operating licence and commence operations.

"Mollak is a crucial part of strata law regulations. We urge all developers to register both existing and proposed developments online in a timely manner," said Peter Crogan, Chief Executive Officer of BCS Strata Management Services.