DED and RERA sign agreement to support services for real estate sector |
|
Network this!
Dubai, August 9, 2008: The Dubai Department of Economic Development (DED)Dubai Department of Economic Development (DED)
and Dubai's Real Estate Regulatory Authority (Rera)Real Estate Regulatory Authority (Rera) recently signed a partnership agreement to enhance the quality of support services offered to real estate investors and customers. As per the agreement, RERARERA will use the license and business registration system applied by the DEDDED for issuing licenses related to real estate activities. This is aimed at easing licensing procedures related to real estate activities and enhancing the overall performance of Dubai's real estate sector.
Khalid Al Kassim, Deputy Director General for Planning and Development at DEDDED, and Marwan Bin Ghalaita, CEO, RERARERA, signed the agreement. Officials from DEDDED and RERARERA attended the signing ceremony held recently at DEDDED headquarters in Deira.
"The agreement comes in line with DEDDED's strategic objective to constantly review existing procedures to simplify rules and regulations. The business registration system at DEDDED has been thoroughly streamlined and made more user-friendly. Investors can now set up businesses with the minimum of procedures and paperwork, and DEDDED will assist them by co-ordinating with other government departments and authorities," said Al Kassim.
"Through the agreement with RERARERA, we are reiterating our commitment to work together on initiatives that support the development and progress of the real estate sector in Dubai, which plays a vital role in the economic growth of the emirate," added Al Kassim.
Marwan Bin Ghalaita said: "RERARERA will set the basics of licensing for real estate activities and implement procedures to speed up the issuance of licenses for such activities. Through the agreement with DEDDED, we will share best practices and experiences, and explore mutually beneficial opportunities, which will enhance the quality of support services offered to real estate investors and customers. Our joint initiative will further complement the sustained progress witnessed by the real estate sector".
"Business owners with old licenses can correct their status according to the new laws. RERARERA is keen to launch new real estate activities that comply with international real estate licensing criteria, " added Bin Ghalita.
The real estate activities include real estate development, consultations, brokerage in buying, selling and renting, rental services, buying land and real estate, organizing public auctions, timeshare residential units rental services, timeshare residential units rental brokerage, real estate pricing services and all related real estate future activities.
-Ends-
About Department of Economic Development (DEDDED):
The Department of Economic Development (DEDDED) was established in March 1992, with the objective to organise, regulate and boost trade and industry within the Emirate of Dubai. The DEDDED has moulded its mission of building a futuristic establishment, in accordance with the vision of the Government of Dubai and in the light of globalisation and the requirements of a digital economy. One of its key functions is to encourage local and foreign investments in commercial and industrial projects, and create the appropriate environment for investors.
The DEDDED's other functions comprise a wide range of regulatory activities including the preparation and maintenance of a commercial register and the supervision of all organisations. The DEDDED is responsible for regulating the affairs of commercial agents and brokers and commercial advertising offices, in addition to overseeing and controlling the insurance industry in the Emirate. Examining the participation of the government in the private sector and representing the government in companies where it has a stake, also comes under the purview of the DEDDED.
For further information, please contact:
Nafisa Marzouki/ Nedal Alasaad
ASDA'A Public Relations
P O Box 28063, Dubai, UAE
Email: n.marzouki@asdaa.com, n.alasaad@asdaa.com
© Press Release 2008
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Transport Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Investment Corporation of Dubai | UAE | Investment Firms and Funds |
| Al Rajhi Bank | Saudi Arabia | Banking |
| Saudi Basic Industries Corporation | Saudi Arabia | Petrochemicals |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Emirates Airline | UAE | Transportation Services |
| Damas Jewellery | UAE | Specialized Retailers |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Takreer - Ruwais Refinery Expansion - Offsites and Utilities Package | UAE | Oil and Gas |