Financial

Articles and News Related to Financial Management for Owners Associations in Dubai

Are BTU meters Required for Energy Saving?

The pressure on Owners’ Association Managers and Interim Boards of the Dubai’s Owners’ Associations to save on energy bills has created a sort of group think in the entire industry.  Owners’ complain of high service charge, the OA manager explains that more than 50% is going to energy bills, the solution; install meters and transfer some cost of energy to [...]

Why Do Owners’ Associations Need Reserve Fund?

Reserve fund in the context of Jointly Owned Property is an amount of money set aside to pay for major expenses that are expected in the long run.  One of the most significant reasons for maintaining a property reserve fund is because it spreads obvious expenses evenly over a given period. This enables one to plan and meet these obligations [...]

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