Any potential buyer or seller should be fully aware of the laws and regulations of the markets they are transacting in. The Dubai property laws were initiated at the interception of the property boom and are regulated by RERA.
RERA (Real Estate Regularity Authority) is a regulatory agency created by the State Government of Dubai with the aim to regulate real estate organizations and agents working in Dubai. It was established on 31st July 2007 by vice president, Sheikh Mohammed Bin Rashed Al Maktoum and prime minister of Dubai. It is a principal organization in the emirate, which authorize and regulates real estate organizations and professionals practicing in Dubai.
RERA is attached to, and based within, the land department of Dubai (DLD). It does not make the laws, but will pass on recommendations to the Dubai Executive Council, the lawmakers. RERA and the DLD enact laws and all decrees issued in the Official Gazette.
These Dubai Real Estate laws to which Emirates Realty is guided and operated by can be found on Dubai’s land department’s website the ‘Property Gate’. The ‘Real Estate & Investment’ tab houses the emirate’s laws, by-laws and regulations as well as relevant UAE federal laws.
These Dubai Real Estate laws to which Emirates Realty is guided and operated by can be found below on the following links.
- By-Law No. (85) of 2006
- Law No. (13) of 2008
- Law No. (27) of 2007
- Law No. (8) of 2007
- Law No. (16) of 2007
- Law No. (26) of 2007
- Law No. (14) of 2008
- Law No. (33) of 2008