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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]
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.
Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and urban planning. Real estate is a driver of Dubai's economy. [1]
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
Dubai Leaks is a global collaborative investigative journalism project that has revealed the global elite's ownership of properties in Dubai. The project, named Dubai Unlocked , is based on data that provides a detailed overview of millions of properties in Dubai and information on their ownership or use, mostly between 2020 and 2022.
Union Properties is a real estate development company headquartered in Dubai, United Arab Emirates. Established in 1987 as Union Property Private Limited, [3] the company was listed on the Dubai Financial Market in 1993. Notable projects undertaken by Union Properties include The Index apartment and office building in Dubai and Dubai Motor City.
The Dubai Mall is an enormous mall in Dubai, UAE, by Emaar Properties, as part of the 'Downtown Dubai' project. [12] Featured attractions include the world's largest gold souk , the 850,000 sq ft (79,000 m 2 ) Fashion Island; one of the world's largest aquariums; an Olympic-sized ice skating rink ; Oasis Fountain Waterfall; WaterFront Atrium; a ...
Established pursuant to Local Decree No.26 of 2013, the Rental Disputes Center (RDC) has almost exclusive jurisdiction to settle disputes arising between landlords and tenants in Dubai, as per Dubai Law No.26 of 2007 Regulating Relationship between Landlords and Tenants in the Emirate of Dubai.