#RERA
The initiative is designed to foster collaboration among stakeholders and address challenges proactively before they escalate into legal disputes
The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance
The decree covers all real estate investment funds licensed and regulated by government authorities as well as private development zones and free zones
Each fine starts at Dhs50,000, and may escalate leading to cancellation of the licence of the violating real estate company