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A major benefit of registering properties with this Simsari is that it will limit the number of ghost listings in Dubai. It is a common practice of real estate property sellers to list a single property with several brokerage firms with different prices; after registering with Simsari, every real estate agency or agent can is limited to listing each property with three property management firms.
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 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.
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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 ]
Dubai Properties is a property development and management company based in Dubai, United Arab Emirates. [2] The company is a member of the Dubai Holding group . [ 3 ] In 2009 the attorney general of Dubai stated that Hashim Al Dabal, then chairman of Dubai Properties, was arrested on "suspicion of embezzlement ". [ 4 ]
Bayut is a property classifieds website in the United Arab Emirates. Bayut is a part of the Dubizzle Group , formerly known as Emerging Markets Property Group , which was the first homegrown unicorn in the Arab region .
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