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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]
The Real Estate Regulatory Agency (RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July 2007 by His Highness Sheikh ...
In Dubai, EJARI is an online registration system initiated by the Real Estate Regulatory Agency (RERA) that requires all rental or lease contracts in Dubai to be recorded at this portal. [1] The main objective of the system is to legalize the relationship between landlords and tenants in Dubai. [citation needed]
The 2007–2008 financial crisis led to the Dubai housing crash in 2009 and a sharp decline in property values and a slowdown in development activity. The government took a series of measures to support the industry, including increased regulation and transparency, and establishment of the Dubai Real Estate Regulatory Agency (RERA). [7]
If the annual turnover in 12 consecutive months is less than the voluntary registration threshold, the company or person may apply for de-registration in 20 days. Failing to submit de-registration application lead to a fine of up to AED10,000 (US$2720). [11]
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [69] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
The Ruler of Dubai is the head of government and emir (head of state) and laws, decrees, and court judgments are issued in his name, however, since 2003, executive authority of managing and overseeing Dubai Governmental agencies has been delegated to the Dubai Executive Council, led by the Crown Prince of Dubai Hamdan bin Mohammed Al Maktoum.
Community portal; Recent changes; Upload file; Search. ... Pages in category "Government agencies of Dubai" ... Dubai Real Estate Regulatory Agency; Dubai Studio City; E.