RERA Exam 141 questions with correct answers

Highest Burj Khalifa CORRECT ANSWER 829,8 (2722 ft.) Business Bay number of buildings CORRECT ANSWER 240 (completed 2008) Palm Jumeirah CORRECT ANSWER 3 Palms 520 km by Nakheel Al Maktoum International Airport CORRECT ANSWER Projected annual capacity 160 Million passenger The World Island CORRECT ANSWER by Nakheel Dubai Land Department (DLD) CORRECT ANSWER The main objective of DLD is to organize and documents all real estate transaction for and behalf Dubai Government. established 24.01.1960 RERA CORRECT ANSWER Real Estate Regulatory Agency. Rera regulates the real estate investment in the emirate of Dubai. Launched 31 of July 2007. Objectives of RERA CORRECT ANSWER RERA Role is: - Licensing all real estate activities. - Managing and organizing real estate developers' trust accounts. - Licensing and organizing real estate agents. - Regulating and registering Rental Agreements. -Regulating and supervising the owner’s associations. Regulation #3 of 2006 CORRECT ANSWER in 2001 Dubai Government agreed to allow expats to have 99-year lease of particular property. In 2002 Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to buy property on