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In Dubai, EJARI is an online registration system initiated by the Real Estate Regulatory Agency (RERA) that requires all rental or lease contracts in Dubai to be recorded at this portal. [1] The main objective of the system is to legalize the relationship between landlords and tenants in Dubai. [citation needed]
By the end of 2014, justrentals.com merges to justproperty.com as a single portal for rental and sale property listings. [4] In 2015, the company started operations in Qatar and Saudi Arabia also region's venture capital firms iMENA Group announced its investment in JustProperty Group. [5] In 2019, the website was acquired by Property Finder. [6]
Emirates Hills is the most expensive villa community to buy or rent a property in Dubai, with buyers paying up to Dh2,604 per square feet. [ 6 ] Some notable residents included the late Benazir Bhutto ; [ 7 ] [ 8 ] [ 9 ] the managing director of Géant Middle East, Mohammed Ayub Shaikh; Abdul Rahiman Abdul Azeez, owner of Alpha Smart Security ...
The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [ 7 ]
Here are the advantages and disadvantages of renting versus buying a house to consider before making a decision. Renting vs. buying a house: Pros and cons Buying. Green circle with a checkmark inside.
RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. RERA provides transparence and effectiveness of legal framework , when everyone involved in the property market can conduct a business.
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