RERA

Rera takes steps to regulate activities at Cityscape 2008

Dubai’s Real Estate Regulatory Agency (Rera) on Wednesday said it was taking measures to regulate activities in the upcoming Cityscape Exhibition and curb any kind of speculative activity during the event. “No Memorandums of Understanding (MoUs), sales agreements or contracts will be legally... 

Investors in Ivory Tower project still receive cancellation threats

Investors in Sokook’s much-maligned Ivory Tower project continue to be threatened with cancellation of their contracts, according to investors. One investor said that although Dubai’s Real Estate Regulatory Authority (Rera) is backing investors, Saudi developer Sokook is still sending 14-day... 

Schön Properties affirms refunds

Schön Properties, developer of the Dhs3bn Dubai Lagoon project, has confirmed that full refunds will be given to all investors that purchased units scheduled for completion by December 2007. The refund policy has been extended by Schön as an act of goodwill after confusion amongst some investors in... 

Dubai Lagoon resumes

Dubai Lagoon, a stalled Dh3 billion (US$817 million) residential project, will go ahead, the Dubai Real Estate Authority says, dismissing earlier reports that the development had been cancelled. The project is being developed by Schon Properties at Dubai Investment Park (DIP) and has already taken downpayments... 

Dubai’s Rera to use DED’s system for real estate licensing

The Dubai Department of Economic Development (DED) and Dubai’s Real Estate Regulatory Authority (Rera) signed a partnership agreement to enhance the quality of support services offered to real estate investors and customers. According to theagreement, Rera will use the license and business registration...