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Overseas Property News
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Unregistered Dubai property companies suspended
Country: UAE
21 July 2009 Dubai property companies that have not conformed to new rules by registering with the Real Estate Regulatory Agency (RERA) are starting to have their licenses suspended, following several previous warnings. RERA reacted after discovering adverts in the national press from Dubai property firm Sulehri Real Estate promoting residential units for sale in Discovery Gardens and International City. The company is currently registered with the Dubai Department of Economic Development, but is not listed with RERA. RERA also wants to get the message across to anyone buying property in Dubai that they should only use RERA registered Dubai pretty agents. However, it is estimated that less than half of the 7,800 or so estate agents in the emirate are currently registered with RERA.
See Also: Marc Da-Silva, RERA, UAE
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JUMEIRAH LAKE TOWERS
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· Developer: EMAAR
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