Dubai ReRA Real Estate Study Guide:
RERA Class 2023
law 26 was - ✔️ landlord & tenants rules and regulations, of 2007,
law 33 of 2008 was its amendment
what year was Dubai Land Department formed - ✔️ 1960
Goal of DLD - ✔️ protect rights and enforce obligations of all parties
involved in property transactions
difference between Free Hold and Free Zone - ✔️ Freehold you own
it indefinitely, Freezone is an area that permits 100% ownership with
generally 0 taxation..
DLD registers what? - ✔️ Property Sales & Purchases,
Mortgages & Long Term Leases
Inheritance Rights
Easements/restrictions
Liens
zoning & development rights
other real property conditions
what does DLD services, what are the charges - ✔️ issues title deeds
or certificates of title
charges transfer fees of 2%
mortgage info
public auctions on foreclosed property
dispute resolution for rental complaints..
What two things must all real estate advertising mention in their ads
- ✔️ RERA number of the agent &
Broker number ORN & BRN
if you don't mention both these numbers what is the penalty for that (what
numbers also) - ✔️ 50,000 aed (ORN & BRN)
, when was freehold properties created in dubai? - ✔️ may 2002,
Freehold established by Crown Prince General Sheikh Mohamed Maktom
what are the two governement mega developers? - ✔️ Emaar--Burj
Khalifa, new dubai
Nakheel--Palm Jumeriah
how many villas on the palm? - ✔️ 2000
how many villas on meadows, and who developed them>? - ✔️
emaar, 700
tell me about the springs - ✔️ just behind the meadows, several
thousand also by emaar
how many towers in jbr? - ✔️ 43
what are the four stages of real estate life cycle? - ✔️ expansion
recession
contraction
revival
DLD what is it when was it formed? - ✔️ 1960 to oversea affairs of
properties in the dubai, register them. safeguard rights of people, organize all
transactions
what is the relationship of RERA and DLD? - ✔️ RERA is a subsidiary
of DLD
tell me about RERA - ✔️ has full authority as a government agency
with financial and administrative independence to regulate real estate in
dubai, launched in 2007
RERA responsibilities are: (5) - ✔️ •Licensing all real estate
activities.
•Managing real estate developers' trust account.
•Licensing and organizing real estate agents.
•Regulating and registering Rental Agreements.
•Regulating and supervising the owners associations
RERA Class 2023
law 26 was - ✔️ landlord & tenants rules and regulations, of 2007,
law 33 of 2008 was its amendment
what year was Dubai Land Department formed - ✔️ 1960
Goal of DLD - ✔️ protect rights and enforce obligations of all parties
involved in property transactions
difference between Free Hold and Free Zone - ✔️ Freehold you own
it indefinitely, Freezone is an area that permits 100% ownership with
generally 0 taxation..
DLD registers what? - ✔️ Property Sales & Purchases,
Mortgages & Long Term Leases
Inheritance Rights
Easements/restrictions
Liens
zoning & development rights
other real property conditions
what does DLD services, what are the charges - ✔️ issues title deeds
or certificates of title
charges transfer fees of 2%
mortgage info
public auctions on foreclosed property
dispute resolution for rental complaints..
What two things must all real estate advertising mention in their ads
- ✔️ RERA number of the agent &
Broker number ORN & BRN
if you don't mention both these numbers what is the penalty for that (what
numbers also) - ✔️ 50,000 aed (ORN & BRN)
, when was freehold properties created in dubai? - ✔️ may 2002,
Freehold established by Crown Prince General Sheikh Mohamed Maktom
what are the two governement mega developers? - ✔️ Emaar--Burj
Khalifa, new dubai
Nakheel--Palm Jumeriah
how many villas on the palm? - ✔️ 2000
how many villas on meadows, and who developed them>? - ✔️
emaar, 700
tell me about the springs - ✔️ just behind the meadows, several
thousand also by emaar
how many towers in jbr? - ✔️ 43
what are the four stages of real estate life cycle? - ✔️ expansion
recession
contraction
revival
DLD what is it when was it formed? - ✔️ 1960 to oversea affairs of
properties in the dubai, register them. safeguard rights of people, organize all
transactions
what is the relationship of RERA and DLD? - ✔️ RERA is a subsidiary
of DLD
tell me about RERA - ✔️ has full authority as a government agency
with financial and administrative independence to regulate real estate in
dubai, launched in 2007
RERA responsibilities are: (5) - ✔️ •Licensing all real estate
activities.
•Managing real estate developers' trust account.
•Licensing and organizing real estate agents.
•Regulating and registering Rental Agreements.
•Regulating and supervising the owners associations
