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    Who is responsible for insuring jointly owned real property?

    Ali Faizan Syed1 min read0 viewsUpdated 1/2/2026
    The Management Entity is legally required to insure the Jointly Owned Real Property. This policy must cover the maintenance and reconstruction of the building in the event of fire, damage, or destruction. Furthermore, the entity must provide insurance against liability for bodily injuries sustained by occupants or third parties. The insurance premiums are calculated based on the contracts with insurance firms and are included as part of the annual Service Charges paid by unit owners.

    Related Topics:

    Building Insurance Dubai
    Management Entity Duty
    Service Charges
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