Announcing the Masterkey, Ejari Integration

Announcing the Masterkey, Ejari Integration

02.02.2014: Dubai Land Department: Our aim is to reduce the time and effort required which improves

Dubai Land Department: Our aim is to reduce the time and effort required which improves customer service



photo caption: from left, Mohammed Khalifa Bin Hammad, Senior Director, RERA and Daniel Hart, CEO, Masterkey
.


Masterkey, the leading property management software provider in the UAE, has announced completion of their integration with RERA’s Ejari software.


Built by Emirates Real Estate Solutions (ERES), Ejari is Dubai government's solution to track rental transactions in the booming real estate market and to help reduce illegal transactions.


H.E. Sultan Butti bin Mejren, Director General of Dubai’s Land Department, said
: “The Ejari integration is one of the main items in our plans that will make it easier for real estate companies to create and register their lease agreements with the Land Department, ensuring that all lease contracts are recorded correctly.”


He added:
“This integration reduces the time and effort for users by electronically synchronizing both systems.  Since Masterkey is linked with Ejari, you will be able to generate the Ejari barcode and registration number directly from Masterkey making it easier for the public to obtain Ejari contracts.”


Mohammad Khalifa bin Hammad, Senior Director of RERA, said:
“Ejari will provide official institutions and investors with a centralized and accurate database and a detailed view of the rental market so to enhance the planning of future development in the real estate sector and determine the amount and type of opportunities for growth and returns.


“In addition to regulating the leasing and property management sector Ejari, a modern and well established system, serves all real estate parties and will improve the electronic link between the real estate sector and the government departments.”


Bin Mejren concluded
: “This integration will strengthen partnership relations between the Land Department and other government departments, including the Department of Economic Development, DEWA, the General Directorate of Residency and Foreigners Affairs and Dubai Rental Dispute Settlement Centre. Moreover, this integration highlights our ambitious plan to further connect government systems with other leasing applications.”


Daniel Hart, CEO of Masterkey, said
“This is a fantastic time saver for property management companies that need to comply with RERA regulations and we fully support the government’s drive to create more transparency in the market.  Up until now registering tenancy contracts in Ejari has been a time consuming task for most of our customers.”



The first live integration



Better Homes, who has been using Masterkey since 2004 for all of their property management activities, had been required to enter every lease twice, once in Masterkey’s property management module and once in Ejari.


Considered one of Dubai’s largest property management companies, Better Homes is responsible for registering more than 8,000 tenancy contracts per year in addition to their existing brokerage and project sales offerings.


Ryan Mahoney, CEO of Better Homes, commented:
“This integration drastically reduces our overhead.  We were spending in the range of 2,000 hours a year to copy data into the Ejari system.  Now we can simply update our information in Masterkey, which will then register new leases in Ejari at the click of a button.”


Mr. Khalifa Al Suwaidi, CEO of ERES said,
“We are very pleased that Masterkey has shown such dedication and has become the first non-governmental entity to integrate with our Ejari system.  We reviewed the integration and found it to be a very thorough. It solves many problems for the Dubai property managers.”


Mr Hart concluded:
“Working with the ERES team was a pleasure; they supported us throughout the process.  We're looking forward to integrating with more RERA services as they become available.”



- Lindsay Johnston, Total Communications Dubai -   also photo

Permanent-URL: http://www.automobilsport.com/dubai-masterkey-announcing-ejari-integration-land-department---119470.html

02.02.2014 / MaP

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