What you need to know about RERA Dubai

 

Whether you are buying, selling, or renting property in Dubai, it is essential to familiarize yourself with the Real Estate Regulatory Agency (RERA). Established to regulate Dubai’s property sector, RERA plays a crucial role in ensuring transparency, accountability, and the overall growth of the market.

In this article, we will provide you with an overview of RERA Dubai, its functions, services, and the benefits it offers to both buyers and sellers.

What is RERA Dubai?

RERA Dubai

RERA was established in 2007 under the Dubai Land Department (DLD) whose primary objective is to regulate and supervise the real estate sector in Dubai, ensuring fair practices, protecting the rights of stakeholders, and fostering a transparent and sustainable market.

RERA’s functions and responsibilities include:

a) Licensing:
RERA is responsible for issuing licenses to real estate companies, brokers, and developers.

b) Regulation and compliance:
RERA establishes and enforces regulations, standards, and guidelines for real estate transactions, ensuring compliance by all stakeholders. This includes monitoring contracts and escrow accounts. Read more

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