Understanding the Ajman Real Estate Regulatory Agency (ARRA) and Jointly Owned Properties

Introduction to ARRA The Ajman Real Estate Regulatory Agency (ARRA) was established as a critical entity to oversee and promote a well-structured real estate environment in Ajman, one of the emirates in the United Arab Emirates. Created in response to the evolving dynamics of the real estate sector, ARRA plays a significant role in regulating … Read more

Analyzing Penalties and Enforcement Trends Under Dubai’s RERA Circulars on Developers’ Escrow Accounts

Introduction to RERA and Its Role in Dubai’s Real Estate The Dubai Real Estate Regulatory Agency (RERA) plays a pivotal role in the governance and regulation of the real estate sector in Dubai. Established in 2007 under the Dubai Land Department, RERA’s primary mandate is to provide a robust regulatory framework to ensure transparency, fairness, … Read more

Step-by-Step Guide to Reporting Obligations under RERA Circulars on Developers’ Escrow Accounts in Dubai

Introduction to RERA and Escrow Accounts The Real Estate Regulatory Agency (RERA) plays a pivotal role in regulating the real estate sector in Dubai. Established to enhance transparency and instill confidence among stakeholders, RERA operates under the umbrella of the Dubai Land Department. Its primary objective is to govern the relationships between real estate developers, … Read more

Compliance Checklist for Businesses in Ajman: Navigating the Emiri Decree No. 3 of 2015

Introduction to Ajman Emiri Decree No. 3 of 2015 The Ajman Emiri Decree No. 3 of 2015 plays a pivotal role in shaping the real estate landscape of Ajman by instituting a framework aimed at enhancing the integrity and transparency of property transactions. This decree was enacted to address various challenges that businesses faced in … Read more

Understanding RERA in the UAE: A Comprehensive Comparison and Common Pitfalls

Understanding RERA in the UAE: A Comprehensive Comparison and Common Pitfalls

Introduction to RERA The Real Estate Regulatory Agency (RERA) was established in 2007 as a division of the Dubai Land Department (DLD) to oversee and regulate the real estate sector in the United Arab Emirates, particularly focusing on the emirate of Dubai. RERA’s principal aim is to foster transparency and integrity within the real estate … Read more