10 October 2016

Dubai’s Real Estate Regulatory Agency (RERA) announced in a statement recently it will deploy professional teams to newly built areas of the city to ensure developers are adhering to the international standards they have promised. Read more here

The agency, which is the regulatory arm of Dubai’s Land Department, last month issued a rule which requires overseas developers to get official permission before posting any real estate advertisement, with violators facing a fine of up to 50,000 dirhams ($13,612). Read more here

RERA’s moves come in reaction to rising complaints from tenants and investors over the quality of buildings in the emirate. “These efforts are being carried out with a view to placing Dubai at the forefront of global real estate markets for attracting investment,” the agency said in its statement. Read more here

Last May, the Land Department also introduced a rating system, where all types of buildings, including hotels, offices and apartments, will be awarded a star rating out of five. The rating will be based on a 60-point requirements list based on surveys’ data. Read more here