DUBAI REAL ESTATE REGULATORY AUTHORITY (RERA) Is a government agency to regulate the real estate sector in Dubai , the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July, 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum , Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai to set policies and plans in the real estate sector in Dubai in order to increase foreign investments. RERA provides transparence and effectiveness of legal framework , when everyone involved in the property market can conduct a business. In this concept RERA aims to develop an on-line society for investors, developers and buyers, as well as for supporting sectors (banks, law firm and insurance companies ) could cooperate with each other and with RERA. Responsibilities : · licensing all real estate activities · managing real estate developers' tr
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WHY INVEST IN DUBAI · Dubai providing a relative, stable & mature real estate market with highest investment opportunities. · Dubai is the most transparent real estate market in the MENA region. · Dubai listed as the most ‘affordable’ city to purchase a home compared with other major international hubs. · Dubai offers a high standard of living , world-class infrastructure and safety environment. · Dubai is on strategic location less than 5-6 hours of flying time from majority of the world’s destinations.