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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.
RERA has ordered and approved property owners and property brokerage firms to register all of their assets available for sale on Simsari.ae. 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]
Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and urban planning. Real estate is a driver of Dubai's economy. [1]
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 ...
Other projects by the same developer include: Global Point, Polaris, Skyscraper, Toronto tower, Vancouver Tower. Toronto and Vancouver towers were cancelled by Dubai RERA. - Vue De Lac - Vista De Lago [5] [6] [7] Toronto and Vancouver tower projects by Al Attar Properties were cancelled and lands were sold through auction. [citation needed]
In 2022, the Dubai government has 58 governmental departments under the supervision of the Dubai Executive Council. [6] The Dubai Official Gazette (Arabic: الجريدة الرسمية transl. Al-Ǧarīdaẗ al-rasmiyyaẗ) is the official publication of the Government of Dubai and publishes laws, ordinances and other regulations. [8]
Mohammed Rahif Hakmi is the founder and chairman of Armada Group [3] [4] [5] and has been licensed by Dubai Land Department (RERA - Real Estate Regulatory Agency) as Developer back in 2008. [ 6 ] [ 7 ] Hakmi holds a degree in Civil Engineering , M.Phil. and a PhD in Structural Engineering from the University of Salford , United Kingdom.