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The Real Estate Regulatory Agency ( RERA; Arabic: مؤسسة التنظيم العقاري) is a government agency to regulate the real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and ...
Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid economic development, strategic location, and ...
Emaar Properties was founded and incorporated in 1997 by chairman Mohamed Alabbar. [2] [3] Emaar has interests in both commercial and residential property development, as well as malls and hospitality. [4] The Dubai government initially owned 100 percent of the company while the founding shareholders held 24.3 percent when operations as a public company commenced after the IPO in 2000. [5] [6 ...
Simsari is a web based product designed and developed for the real estate industry of the United Arab Emirates (UAE). It is approved by the State Government of the Emirate of Dubai and the Dubai Land Department. It was previously launched in 2006 as the only government-supported online real estate portal by two privately owned corporate innovators Tamweel and Tejari. Later Dubai Land ...
Nakheel prospered until the financial crisis of 2007–2010 started a decline in Dubai's real estate market, putting Dubai World at risk of bankruptcy in November 2009. [7] After write-downs of real estate values and lower sales, Nakheel had made a loss of 13.4bn dirham ($3.65 billion) in the first half of 2009, [37] and despite a cash bail-out in May, [38] the company sought to delay the ...
The government's decision to diversify from an oil-based economy, and to make Dubai the main hub of tourists in the world, has made and other developmental projects such as Dubailand, more valuable, resulting in the property boom from 2004 to 2007. There are over 1,500 major freehold developments and communities in Dubai. [1] Construction on a large scale is a part of Dubai Strategic Plan 2015 ...
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