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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.
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.
Dubai is perhaps most well known for land reclamation projects such as the Palm Islands, the World Islands, the Dubai Marina, and the Burj Al Arab. Most major land reclamation projects in Dubai have occurred in the past fifteen years, [when?] and the Burj Al Arab hotel, which is built on a man-made island, was started in 1994 and completed in ...
The Dubai Executive Council is the legislative arm of the Dubai government. Following its formation in 2003, the Dubai Executive Council has become the legislative arm of the Dubai government, enforcing royal decrees issued by the ruler of Dubai into governmental regulations and policies and facilitating intra-governmental communication.
Dubai Leaks is a global collaborative investigative journalism project that has revealed the global elite's ownership of properties in Dubai. The project, named Dubai Unlocked , is based on data that provides a detailed overview of millions of properties in Dubai and information on their ownership or use, mostly between 2020 and 2022.
The investigation was based on 2020 and 2022 data leaks, primarily from the Dubai Land Department and publicly owned utility companies. The EU Tax Observatory and Norway's Centre for Tax Research evaluated that in 2022, foreign ownership in Dubai's real estate market was worth approximately $160 billion.
Sheikh Mohammed bin Khalifa bin Saeed Al Maktoum is a United Arab Emirati politician and royalty of Dubai.. Sheikh Mohammed is the first cousin of the current Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, and the head of the Dubai Land Department, the land registrar of the Emirate of Dubai.
This sector develops on the northern coastal area of Dubai, on the north bank of Dubai Creek. It corresponds to the historic district of Deira and its artificial island. With a population of approximately 494,000 residents on an area of just under 125 km 2 , it is the most densely populated sector (density of approximately 3,950 inhabitants/km 2 ).