For some investors, Dubai’s Real Estate Regulator Authority (Rera) is the bane of their existence. For others, it’s their slightly disrobed knight in shining armor. Either way, investors follow the authority’s announcements intently, hoping they’ll hear news that will finally force their developers to keep their end of their bargains.
However, before the emirate’s property market began to slowdown, few investors followed Rera’s announcements; not only did some investors have no clue about the authority’s existence, but Rera itself wasn’t making enough announcements to warrant much attention.
Today, however, that has changed. Due to the number of shoddy developers and defaulting investors, the authority is spawning regulations faster than a polygamous cult in the American heartland.
The following are six regulations that have directly affected Dubai’s property investors.
