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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.
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 ...
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 ...
On February 24, 2003, Law 3 of 2003 (Law, Law) (in Arabic). 24 February 2003. was issued by the ruler of Dubai establishing the Dubai Executive Council as a legislative council to support the ruler of Dubai in his duties and exercising some of his responsibilities, with the head of the council and the deputies to be appointed by the ruler and ...
The Department of Economic Development (DED) of the Emirate of Dubai is a government body entrusted to set and drive Dubai's economic agenda within the broader governance systems of the United Arab Emirates. The DED and its agencies develop economic plans and policies, identify and support strategic sectors, and provide services to domestic and ...
Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1] The terms can also refer to limits imposed on such a ratio through zoning.