What is the role of RERA in Dubai’s real estate sector?
The Real Estate Regulatory Agency also known as RERA in Dubai is the main regulatory body that governs and manages the real estate market in Dubai and it aims at providing stability, fairness and transparency in the market. RERA was formed in the year 2007 under the umbrella of Dubai Land Department (DLD) with the aim of controlling and supervising all the real estate transactions to protect the interest of all the parties involved.
Key Functions of RERA
Regulation and Licensing:
RERA deals with issuance of licenses for real estate developers, brokers and agents. This entails that anyone who wants to be involved in the market has to go through a rigorous screening and compliance process to ensure that only the right and credible people are part of the market. This is important in ensuring that high standards and credibility is observed in the industry.

Dispute Resolution:
Out of the many functions of RERA, one of the most important is to act as a middleman in all the disputes that may occur between the landlords, tenants, developers, and buyers. Through the provision of a sound mechanism of conflict management, RERA enhances the confidence level of the parties involved in real estate business.
Transparency and Information Accessibility:
The authority of RERA keeps a record of all the properties, brokers, and developers that are registered with it and thus promotes transparency. Other tools such as the Trakheesi system and Ejari system help in the registration of lease contracts and property transactions thus increasing the legal validity and minimizing the aspect of fraud.
Investor Protection:
As a protective measure for investors, RERA requires developers to transfer 20 percent of the project’s value to an escrow account before launching any off-plan project. This is because such measure will guarantee that the funds are only used in as far as construction is concerned hence protecting the investors from possible project delays or defaults.
Technological Integration:
RERA has come with various online portals and mobile apps in a bid to take advantage of technological advancement. For example, the Dubai REST App and the Dubai Brokers App provide real time information, enable trading, and provide a user friendly platform for users to get services connected with real estate transactions and compliance.
Effect on Dubai’s Real Estate Industry
RERA has had a tremendous impact on Dubai’s real estate market after it was launched and helped in the development of a transparent and friendly environment for investors. Some of the measures that the agency has implemented have boosted real estate investments in the region and beyond. Due to the better market transparency and regulation, Dubai is considered as one of the most transparent RE markets in the world.
RERA in Dubai’s Real Estate Sector
1. What does RERA stand for?
Real Estate Regulatory AgencyReal Estate Registration Authority
Real Estate Research Agency
2. When was RERA established in Dubai?
20042007
2010
3. Which of the following is a primary role of RERA?
Regulate the real estate sectorBuild residential properties
Provide mortgage loans
4. How does RERA protect the rights of property buyers?
By ensuring transparency in transactionsBy offering discounts on properties
By providing free legal services
5. Does RERA provide a legal framework for real estate transactions?
YesNo
6. Is it mandatory for developers to register their projects with RERA?
YesNo
7. RERA only deals with residential properties. True or False?
TrueFalse
8. Does RERA help in resolving disputes between property buyers and developers?
YesNo
Owing to RERA’s consistent endeavor in improving the real estate sector through enhanced technology, policies and frameworks, and the efficient handling of consumer complaints, the market has not only been normalized but has also been provided a proper roadmap for its future growth.
The comprehensive rules and regulation of RERA, the transparency and the protection of all the concerned parties’ rights have made RERA a focal point of Dubai’s real estate market. Thus, like any other market, RERA has to change its strategies to fit the current needs of the market, thus securing Dubai’s position as one of the leading real estate markets in the world.