The Real Estate Regulatory Agency (RERA) has issued its first list of property developers that have registered with the agency. As per Escrow Law 8 formulated last year, property developers in the emirate of Dubai need to get themselves legalized with Dubai Land Department’s Real Estate Regulatory Agency in order to be able to carry out their operations. Over 400 companies have been licensed so far.
RERA has cautioned investors in Dubai property against dealing with real estate developers who do not have a valid license from the agency. The unregistered companies will face problems in the advertising and selling of their projects.
For more information on Escrow Law 8, please refer to the following links:
