This first set of successful transfers through Oqood is testament to the hard work of RERA
and the Dubai Land Department.
board members include the ministers of Works, Municipalities Affairs and Urban Planning, and Industry, Commerce and Tourism, RERA
's chief executive, SLRB's Land Registration director-general, and SLRB's survey director-general.
Advice to all those tenants whose landlords imply 'I want the property back for my own use', don't be sucked in, don't trust them and go to RERA
ConstructionWeekOnline reported in February 2012 that RERA
was preparing to sign MOUs with three local banks, wherein interim owners associations would be able to open and operate bank accounts but will not make cash or cheque transactions.
Since the arrival of RERA
in 2007, both land plots and completed units were obliged to undergo registration,
Tenants who are unsure if their landlord's demands are legitimate can also call the RERA
According to RERA
, the one-time cost of setting up individual meters in apartments should range between AED600 and AED1,500," Bin Hammad added.
There is an increasing awareness of the existence of RERA
amongst the local community and in time, the fact that Dubai can be seen as a tightly
If your landlord increases the rent: check the RERA
rent calculator (www.
Mohammed Khalifa bin Hammad, senior director RERA
, said that as this was an entirely new service for banks to provide, time would be needed to allow them to "fine tune" themselves with RERA
He regretted that developers and owners are still debating what constitutes the jointly-owned areas and clarified that recovery of service charges is not a matter for RERA
, but the responsibility of the associations themselves.
As one of the largest escrow players in the market, DIB has been actively involved with consulting RERA
on general issues related to the escrow regulations.