RERA

Buyer awarded refund for off-plan investment

An investor in the Niki Lauda Twin Towers in Dubai was recently awarded a refund by Dubai Courts. Ron Oakley, a British investor, bought two units in the off-plan project launched by the german developer, ACI, in late 2007. In March 2009 he filed a lawsuit against ACI, trying to recover his investments... 

Monthly progress report for every project in Dubai

The Real Estate Regulatory Authority of Dubai (RERA) will publish monthly status reports on every single project in Dubai on their website, starting next week. So far, 875 projects are listed with RERA, and Marwan Bin Galita, chief executive of RERA, hope this initiative will comfort investors in these... 

Residents require greater transparency on maintenance fees

Residents are calling for greater transparency over how money is spent on the maintenance and upkeep of apartments. Laws regulated by Dubai’s Real Estate Regulatory Authority (RERA) say that homeowners should be able to monitor how service charges and maintenance are being spent by participating in... 

Ajman plans to establish regulator on the lines of RERA

The emirate of Ajman plans to establish a real estate regulatory body on the lines of Dubai’s Real Estate Regulatory Agency (RERA). The regulator will be established in the first quarter of next year, and its main purpose is to oversee property developments. This means that the government of Ajman... 

Avanti to launch three prestigious projects worth Dh 1bn

Avanti Holding has announced the launch of three projects at the same time, in Dubai. The news came to reaffirm the company’s position as a key player in the real estate industry across the U.A.E. The company already delivered to the market 6 other projects in the last two years in the UAE, the...