The Real Estate Regulatory Agency (RERA) is an established agency issued by His Highness Sheikh Mohammed Bin Rashed Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, in 2007 to maintain and ensure legitimacy of the Real Estate Market. Despite being recently established, RERA has managed to register all real estate development and brokerage companies in Dubai and regulate the real estate market by utilizing the skills and potential of qualified national staff.
RERA stands as an entity founded to uphold and formulate rule and regulations to maintain fluidity of the real estate market and control the rules and regulations of brokerage, lease contract registration and certification as well as issue licenses for real estate development entities.
In collaboration with the Dubai Land Department, RERA has organized the process of regulating the relation between different contractual parties, ensuring the preservation of each party’s rights and the maximization of returns on investment. The Real Estate Regulatory Agency displays consistent effort in training and making sure their staff is able to perform with maximum efficiency and keep up with the ever-changing market in Dubai.
Rera Laws Pertaining To Rental Property
- RERA Law 26 of 2007 This law regulates the relationship between Landlords and Tenants in Dubai
- RERA Law 33 of 2008 This law is amending some provisions of RERA Law No. 26 of 2007 - Regulating Relationship Between Landlords & Tenants in the Emirate of Dubai
- RERA Law 43 of 2013 This law determines the Rent Increases for Real Property in Dubai
- RERA Decree 26 of 2013 This law concerns the establishment and arrangement of the Rent Disputes Settlement Centre in the Dubai