An interview with Mr Kanagaraj Gurusami, one of the UAE champions of Property Owners Community Management from Deyaar PJSC

AJMS team comprising Mr Gaurav Baid, Director IFRS Advisory, and Mr Athar Iqbal, Director Internal Audit, visited Mr Kanagaraj Gurusami, Director Owners Affairs, at Deyaar PJSC to congratulate him on becoming one of the first two certified Professional Community Association Managers at Deyaar. Mr Kanagaraj is an experienced practitioner of Owners Affairs Management in the real estate landscape of Dubai.

Responding to AJMS representatives’ question on the latest developments in the Real Estate regulatory landscape of Dubai, Kanagaraj said that Real Estate Regulatory Agency (RERA) has put all their efforts in consultation with industry experts (including management companies) and developed technology solutions which will manage the Community Associations in Dubai including but not limited to Committee Registration, Escrow Account Establishment, Accuracy in Sending Service Charge Invoice to Owners, Collection through Online Portal (Noqodi), Managing the Collection including sending reminder notices and getting the collection through Rental Dispute Centra (RDC) via electronic means etc. This shows the amount of efforts put in place by regulatory bodies in developing digital platforms, which will help companies carry out their fiduciary duty to manage building funds on behalf of Owners. There is better transparency in many aspects, especially since funds are deposited in secure accounts, monitored by the authorities and can only be utilized for the upkeep maintenance of their property.”

Kanagaraj has played a vital role in managing Owners’ Affairs department at Deyaar PJSC. His journey with Deyaar started in 2012, which continues to date. He praised Deyaar in its efforts to adapt to the regulatory requirements and infrastructure of RERA in the following words, “Deyaar Community Management has taken a proactive approach in integrating our technology with Mollak (seamless integration) i.e. two way communication between Deyaar Community Management system with Mollak system. We constantly work with RERA and their IT Solutions Provider to ensure our systems are updated regularly.”

He is a resolute believer in the direction RERA is taking to steer through recession times, and does not shy away in acknowledging the role of RERA: “To be honest, authorities have done their part in ensuring that laws and directions required to manage the Jointly Owned Properties are in place. It will now be up to the Management Companies and the Committee Members & Owners to take it forward and implement the changes and work towards in complying to the authority guidelines. Thereafter, the management companies and the approved committee members work towards (joint effort) for the betterment of the community.”

Kanagaraj affirms Dubai as having the brightest of future in the region’s real estate landscape. Responding to our query on future outlook of Dubai’s real estate market, he responded as follows, “Dubai Real Estate market is in right direction with all the above implementation such as JOP Law No. 6 of 2019, Mollak Implementation, Establishment of Rental Dispute Centre and moving toward everything into digital form wherein the Management companies and Owners can sit in anywhere to complete their transaction. They also work continuously work towards in enhancing the process, issuing guidelines, supporting technological assistance and working hand-in-hand with Owners, Committee Members and Management Companies for the betterment of the industry and the community as a whole. Dubai’s bold move to create transparency will positively impact the market. It will not only boost investor confidence but can also be expected to have better communities wherein owners, management companies and regulators work alongside each other. Noting this, Dubai is looking at hopeful years ahead.”

AJMS Global congratulates Deyaar PJSC for having such inspirational leaders as Mr Kanagaraj Gurusamy and wishes him a career that is fruitful to him as well as value adding to UAE’s real estate market.

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AJMS Global is a highly decorated independent consulting firm, headquartered in Dubai, offering GRC, Tax and FinTech (www.ajmsglobal.com). For business queries, please contact [email protected] or call +971 4 554 2733.