What Is RERA and How Does It Protect Off-Plan Property Buyers in Dubai?

Real Estate Regulatory Authority

• What is the role of RERA in regulating off-plan property sales in Dubai?

  RERA (Real Estate Regulatory Agency) oversees and regulates all off-plan property transactions in Dubai. It ensures developers comply with laws, safeguards buyers’ rights, and mandates escrow accounts to protect payments during construction. 

• How does RERA protect buyers in the Dubai real estate market?

  RERA enforces strict regulations requiring developers to register projects, maintain escrow accounts, and deliver timely handovers. This reduces risks and provides legal recourse for buyers in cases of delays or disputes.

• Can RERA help resolve disputes between buyers and developers?

  Yes, RERA offers dispute resolution services for conflicts arising between buyers, developers, and brokers. Its legal framework streamlines mediation and enforces compliance to safeguard all parties involved.

• What licensing requirements does RERA impose on real estate brokers in Dubai?

  RERA licenses and regulates real estate brokers, ensuring they meet professional standards and ethics. Only RERA-registered brokers can legally market and sell properties, promoting transparency and trust in the market.

• How does RERA ensure transparency in Dubai’s real estate market?

  RERA mandates project registrations, publishes rental indices, and regulates advertising to provide accurate market data. This transparency helps investors and buyers make informed decisions.