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Dubai ReRA Real Estate Study Guide: RERA Class 2023
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Dubai ReRA Real Estate Study Guide: RERA Class 2023
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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
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