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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.
The deadline for property registration with the online portal was 31 August 2012. Dubai Land Department and RERA considered it as a mandatory requirement from 1 September 2012. [1] All RERA-approved real estate brokers and property management firms who do not get their properties registered before this deadline will be penalized. [2]
According to the Dubai Land Department, the total value of real estate transactions in Dubai in 2021 was AED 155 billion ($42.2 billion). The department also reported that there were 49,862 real estate transactions in Dubai in 2021, with 33,337 of these being sales transactions. [9]
Property investment calculator is a term used to define an application that provides fundamental financial analysis underpinning the purchase, ownership, management, rental and/or sale of real estate for profit. Property investment calculators are typically driven by mathematical finance models and converted into source code. Key concepts that ...
The Ajman Real Estate Regulatory Agency (ARRA, ARERA or Ajman RERA) is an Ajman, United Arab Emirates based government regulatory authority responsible for the regulation and licensing of Ajman's real estate market, consumer protection and dispute resolution. However, ARRA does not resolve disputes concerning rent of property units. [1] [2] [3 ...
RERA may refer to: Dubai Real Estate Regulatory Agency; Ajman Real Estate Regulatory Agency; Real Estate (Regulation and Development) Act, 2016, the regulatory law passed by the Parliament of India; Respiratory-effort related arousal, see Respiratory disturbance index; Rera, a fictional character, the alter ego of Nakoruru; A discontinued ...
A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property Each tenant pays their pro rata share of a property's total CAM charges, which prorated share is the percentage of the tenant's rented square footage of the total, rentable square ...
The Act establishes a Real Estate Regulatory Authority (RERA) in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution. The bill was passed by the Rajya Sabha on 10 March 2016 and by the Lok Sabha on 15 March 2016.