RERA issues first list of registered developers
Dubai's Real Estate Regulatory Authority (RERA) has issued the first list of licensed developers in accordance to Law 8 on regulating Escrow accounts in the property development in the emirate of Dubai.
RERA warned those who intend to buy or invest in properties from dealing with unlicensed real estate companies.
Some firms were exempt from the Escrow accounts requirement by granting them special permissions.
Marwan bin Ghilaita, Director of RERA, said that the list contains over 400 licensed developers. He urged buyers not to deal with any unregistered firm. (WAM)
RERA warned those who intend to buy or invest in properties from dealing with unlicensed real estate companies.
Some firms were exempt from the Escrow accounts requirement by granting them special permissions.
Marwan bin Ghilaita, Director of RERA, said that the list contains over 400 licensed developers. He urged buyers not to deal with any unregistered firm. (WAM)
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