Strategic Marketing and Exhibitions, organisers of the International Property Show 2008, is the first property exhibition company to receive a registration licence from the Real Estate Regulatory Agency (RERA).
The certificate confirms the registration of the International Property Show 2008 within the jurisdiction of RERA, which will ensure that transactions within the event will be conducted in accordance with all the rules and regulations set by the agency. All participating developers will have been fully vetted and meet all the conditions of participation, including meeting RERA's standards.
Two hundred developers will be participating in this year's event, 60 per cent of which are local companies and 40 per cent international said managing director of Strategic Marketing and Exhibitions, Dawood Al Shezawi. There will be participants from all over the globe including China, Malaysia, Britain, the US, Russia and Turkey, he said.
Following on from the promulgation of Law No. 8 last year, developers are obliged to complete standard agreement forms, which will disclose accurate data such as buyer's information, the details and amount of the property being purchased, the mortgage plan and updates on change of ownership. This information will then be used by RERA to regulate the buying and selling of real estate in the emirate, and will be safely registered in a secure database. Law No. 8 also seeks to regulate commercial advertisements for unregistered properties and projects.
RERA's CEO Marwan bin Ghalita said: Our aim is to implement a sustained effort to organize, improve and develop the emirate's property market. As a first step, we highly advice all investors not to communicate or sign agreements with any developer, broker, or property insurance firms until they are presented with a proof that the company is registered with RERA."
International Property Show 2008 will run from 17 to 19 February in Dubai. Source
The certificate confirms the registration of the International Property Show 2008 within the jurisdiction of RERA, which will ensure that transactions within the event will be conducted in accordance with all the rules and regulations set by the agency. All participating developers will have been fully vetted and meet all the conditions of participation, including meeting RERA's standards.
Two hundred developers will be participating in this year's event, 60 per cent of which are local companies and 40 per cent international said managing director of Strategic Marketing and Exhibitions, Dawood Al Shezawi. There will be participants from all over the globe including China, Malaysia, Britain, the US, Russia and Turkey, he said.
Following on from the promulgation of Law No. 8 last year, developers are obliged to complete standard agreement forms, which will disclose accurate data such as buyer's information, the details and amount of the property being purchased, the mortgage plan and updates on change of ownership. This information will then be used by RERA to regulate the buying and selling of real estate in the emirate, and will be safely registered in a secure database. Law No. 8 also seeks to regulate commercial advertisements for unregistered properties and projects.
RERA's CEO Marwan bin Ghalita said: Our aim is to implement a sustained effort to organize, improve and develop the emirate's property market. As a first step, we highly advice all investors not to communicate or sign agreements with any developer, broker, or property insurance firms until they are presented with a proof that the company is registered with RERA."
International Property Show 2008 will run from 17 to 19 February in Dubai. Source
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