The Real Estate Regulatory Authority (RERA) enforces legal compliance and safeguards the interests of investors in the UAE real estate market. It was founded in 2007 and imposes stringent rules and guidelines for developers, brokers, and property management firms. Under the Dubai Real Estate Regulatory Law, RERA is responsible for overseeing escrow accounts and project registrations. RERA encourages stability, professionalism, and openness in the Dubai real estate industry through its activities.
With features like a real estate wallet for property management, Dubai REST is a multipurpose real estate platform that gives property owners more authority. It provides services for managing leases, resolving conflicts, and submitting requests for things like mortgage bids and map issuance. It offers access to rental and sale indexes, broker performance statistics, and information on real estate organizations such as consultants, developers, and valuation and management agencies. It is made for all parties involved.
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FAQs
The average return on investment (ROI) for residential properties in Dubai falls between 5-7% and 7-9%, citing a survey done by Bayut, a well-known real estate website in the United Arab Emirates. These figures are derived from the rental yields of real estate in different Dubai neighborhoods.
AED 750,000 (USD 204,000) is the minimum amount you would need to invest if you want to obtain an investor visa based on your real estate investment.
DLD fees are 4% of the purchase price plus an administrative charge of AED 580 for offices and apartments.
