Rera Approved Oa Firm Pid Hoam Enhances Management Standards

date

19-Aug-2019

Properties Investment Development Home Owners Association Management LLC (PID HOAM), the specialised, owners association (OA) management services firm under Properties Investment (PI) - a Dubai Investments joint-venture company engaged in the investment and development of real estate properties - is enhancing management standards and working towards ensuring operational efficiency by creating long-term value for investors.

Certified by the Dubai Real Estate Regulatory Agency (RERA), PID HOAM delivers the entire spectrum of services of OA and is proactively involved in identifying concerns and ensuring timely resolution while sustaining the quality and value of the development. PID HOAM facilitates seamless management by helping set up OAs, ensuring a smartly-managed, efficiently run, and a well-preserved community.

PID HOAM reiterates PI’s commitment to ensure efficient upkeep of developments under PI, creating long-term value for investors through efficient management. As the safe-keepers of the community, PID HOAM ensures residents benefit from all the obligations that are mandated for OA’s. With a growing portfolio of prestigious communities under its care, PI is pursuing expanding its remit to cover new properties.

“With OAs playing an integral role in community management in today’s thriving freehold era, PID HOAM aspires to serve as a trusted advisory firm, conducting mandatory services on behalf of OAs. With PID HOAM we are aiming to be at the forefront of our property management, ensuring tried and tested operating procedures, systems and manuals providing a streamlined and disciplined approach to comprehensive property management, placing the interest of the residents at top priority. PID HOAM currently manages 1700 units in Green Community, Dubai Investment Park (DIP) and plans to expand its portfolio to cover additional 2200 units within other property developments under the real estate arm of Dubai Investments Group, before the end of Q3 2019, said Dr. Rashid Abdulla Al Haji, General Manager, Properties Investment. Led by a team of experts, PID HOAM continues to propose innovative initiatives for the efficient management of community assets and undertakes financial management practices required by OA’s. These include raising and collecting service charges, handling finances for community-management requirements, ensuring credit control and debt recovery, budgeting and forecasting, and maintaining a timely and accurate record of accounts. It also ensures that all actions are in line with accounting principles and are transparent to delivering long-term values.

PID HOAM’s activities and financial accounts are audited by RERA. The owners portal, quarterly meetings and sharing of information and exchange of ideas, form part of PID HOAM’s proactive initiatives, aimed at measuring and forging closer links with owners, providing transparent and comprehensive information.

In line with cognizance of customer requirements, PI’s dedicated customer care department continues to address the grievances and issues within Green Community, DIP and PID HOAM serves an extension of this service.

The PID HOAM office is located in The Market Mall, Green Community, DIP, first floor.

About Properties Investment
Properties Investment LLC is a joint venture owned 70% by Dubai Investments and 30% by Union Properties PJSC. Established in 2002, Properties Investment is engaged in investment and development of real estate properties – with expertise across all phases of the development cycle including Sales, Development, Asset Management, Property Acquisitions, Planning and Construction. Notable projects by Properties Investment include the Green Community and the Courtyard by Marriott in Dubai Investments Park [DIP].
 

Latest Press Releases

EXPECT A SPIRITUALLY ELEVATED MUSIC EXPERIENCE

..

09-Oct-2019

Award-winning author led a reading and book-signing activity

..

15-Oct-2019

Tanveer Ahmed, elaborates on how acting helps you to manage stress and provides full control over your ...

..

14-Oct-2019

Opens three service stations that will serve Al Nahda, Sharjah Industrial Area 3 and Al Yarmook

..

16-Oct-2019

Took place on October 8th, bringing one of the most important corporate travel events

..

15-Oct-2019

The coveted accolade was presented by H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi

..

16-Oct-2019


Most Viewed Recent Press Releases

Vistara, India’s finest full-service carrier and a JV of Tata and Singapore Airlines, yesterday inaugurated ...

[3285 views]

Contentious Subject of Very Low Carb Diets was Chosen as the Topic for Debate at Imperial College London ...

[3174 views]

Shaza Hotels has announced the opening of the highly anticipated Al Badayer Oasis – Sharjah Collection ...

[3018 views]

Sime Darby Oils (SDO) and Dr. B.R. Shetty owned Abu Dhabi Vegetable Oil Company (ADVOC), are pleased ...

[2850 views]

As part of Dubai Judicial Institute’s (DJI) efforts to support the Dubai Strategy for the People of ...

[2814 views]

Moorfields endorses taking precautions to get the most out of the season while decreasing any risk

[2736 views]


Related Links_


Google ADS

Other Info_

..

Health Care

Multi Specialty medical facilities, government hospitals & private clinics

..

Education

Nurseries, Kindergardens, Schools, Colleges, Universities & Higher Education

..

Popular Restaurants

Dining in Dubai - selection of restaurants where you can relax & enjoy a variety of cuisines of choice

Jobs at Dubai_

Find latest Dubai Jobs & Vacancies from placement agencies, employers & recruitment consultants in Dubai, Abu Dhabi & other Emirates in UAE.

Dubai Tours & Packages_

Book quality Dubai tours, best Dubai holiday packages with visas & Dubai hotel booking with special offers & discounts

Warnning

Unsupported Browser

This website includes CSS elements that your browser does not support. Please upgrade your browser to a current version, then come back and try again.

Upgrade your Browser for more experience

Chrome Firefox Safari Edge