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Law Informations

Real Estate Regulatory Agency
Number: Law No. (4) of 2019 Issued On: 4 September 2019 Type: Federal Law

Law No. (4) of 2019
Concerning the
Real Estate Regulatory Agency
We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Law No. (3) of 2003 Establishing the Executive Council of the Emirate of Dubai;
Law No. (8) of 2007 Concerning Escrow Accounts for Real Property Development in the
Emirate of Dubai;
Law No. (16) of 2007 Establishing the Real Estate Regulatory Agency;
Law No. (13) of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai
and its amendments;
Law No. (13) of 2012 Establishing the Dubai Real Estate Institute;
Law No. (7) of 2013 Concerning the Land Department;
Law No. (8) of 2018 Concerning Management of the Government of Dubai Human
Resources;
Executive Council Resolution No. (6) of 2010 Approving the Implementing Bylaw of Law
No. (13) of 2008 Regulating the Interim Real Property Register in the Emirate of Dubai; and
Executive Council Resolution No. (37) of 2015 Regulating the Real Property Valuation
Profession in the Emirate of Dubai,
Do hereby issue this Law.


Definitions


Article (1)
The following words and expressions, wherever mentioned in this Law, shall have the
meaning indicated opposite each of them unless the context implies otherwise:
Emirate: The Emirate of Dubai.
Executive Council : The Executive Council of the Emirate of Dubai.
DLD : The Dubai Land Department.
Director General : The director general of the DLD.
RERA : The Real Estate Regulatory Agency.
CEO : The chief executive officer of RERA.
Real Property Activities : The activities related to Real Property that RERA is authorised
to license in the Emirate under this Law, the resolutions issued
in pursuance hereof, and the legislation in force in the
Emirate.

Real Property Development Projects: The projects involving construction of multi-storey
buildings and compounds for residential,
commercial, industrial, or multiple purposes.
Jointly Owned Real Property : A building, including the parts and appurtenances
allocated for common use, and the land on which
that building is constructed; or land which is
subdivided into units or land plots intended for
individual ownership.


Applicability of the Law to RERA


Article (2)
The provisions of this Law shall apply to the Real Estate Regulatory Agency established
pursuant to the above-mentioned Law No. (16) of 2007 as a public corporation, which has
legal personality and the legal capacity required to undertake all acts and dispositions
that ensure the achievement of its objectives, and which is affiliated to the DLD.


Head Office of RERA


Article (3)
The head office of RERA shall be located in the Emirate. RERA may establish branches
within the Emirate pursuant to a resolution of the Director General.


Objectives of RERA


Article (4)
RERA aims to:
1. contribute to developing the Real Property sector through an integrated set of
regulatory and supervisory procedures that enhance the role of this sector in the
comprehensive economic development of the Emirate;
2. provide a safe and supportive environment for Real Property Development Projects
in the Emirate to ensure that the rights of Real Property Developers and investors are
protected;
3. keep pace with the continuing growth witnessed by the Emirate in the Real Property
sector and all related activities;
4. promote the role of UAE nationals in the Real Property sector, and implement
programmes and projects that enable them to engage in Real Property Activities; and
5. establish the principles and code of conduct of Real Property Activities, and develop
the relevant charters.

Functions of RERA

Article (5)
For the purpose of achieving its objectives, RERA shall have the duties and powers to:
1. regulate, audit, and monitor Escrow Accounts for Real Property Development, and
approve the banking and financial institutions qualified to manage these accounts;
2. approve the rules regulating the Real Property development, sale, leasing, and
brokerage professions; the Real Property Valuation Profession; the management of
Jointly Owned Real Property; and other Real Property Activities;
3. regulate and license Real Property Activities, and audit and monitor the persons
conducting these activities to ensure their compliance with the legislation regulating
the Real Property sector;
4. regulate and audit the accounts related to managing and operating Jointly Owned
Real Property in accordance with the relevant applicable legislation;
5. propose the legislation required for regulating the work of persons conducting Real
Property Activities;
6. issue the bylaws required for regulating training and qualifying the staff of
establishments authorised to conduct Real Property Activities;
7. register the persons conducting Real Property Activities in the relevant registers it
maintains for this purpose, and issue identification cards for individuals engaged in
Real Property Activities;
8. consider and investigate complaints filed against the persons conducting Real Property
Activities, and take the necessary actions and decisions in respect thereof;
9. audit; monitor; and inspect the operation, management, and maintenance of
Jointly Owned Real Property, Common Parts, and Common Facilities to ensure their
sustainability, and audit relevant accounts and books, in accordance with the relevant
applicable legislation;
10. approve Real Property Development Projects in the Emirate, monitor their percentages
of completion, and issue the relevant resolutions and recommendations, in accordance
with the relevant applicable legislation;
11. issue the required approvals of the content of Real Property advertisements in the
Emirate, including in Special Development Zones and free zones such as the Dubai
International Financial Centre; and monitor and censor that content in coordination
with the Competent Entities in the Emirate;
12. develop and implement programmes and projects that promote the role of UAE
nationals in the Real Property sector and encourage them to engage in this sector;
13. develop and implement informative and awareness-raising programmes on the rights
and obligations of the parties engaged in the Real Property sector, in coordination with
the Dubai Real Estate Institute;
14. develop and update policies and studies aimed at striking a balance between supply
and demand in the Real Property market, and submit the same to the Director General
for approval in preparation for final approval by the Executive Council; and
15. exercise any other duties or powers required for the achievement of the objectives of
RERA, as assigned to it by the Executive Council.


Executive Body of RERA


Article (6)
The executive body of RERA shall be comprised of the CEO and a number of administrative,
finance, and technical Employees, to whom Law No. (8) of 2018 Concerning Management
of the Government of Dubai Human Resources, and the resolutions issued in pursuance
thereof, shall apply.


Appointment and Functions of the CEO


Article (7)
a. The CEO shall be appointed pursuant to a resolution of the Chairman of the Executive
Council.
b. The CEO shall supervise the work and activities of RERA in a manner that ensures the
achievement of its objectives. In particular, the CEO shall have the duties and powers
to:
1. prepare the general policy and the strategic and development plans of RERA, submit
the same to the Director General for approval, and follow up their implementation;
2. prepare the organisational structure of RERA, and submit the same to the Director
General for approval in preparation for final approval by the Executive Council;
3. propose the projects, initiatives, activities, and programmes that contribute to
the achievement of the objectives of RERA and that enable RERA to exercise its
functions; and submit the same to the Director General for approval;
4. submit periodic reports to the Director General on the work and performance
outcomes of RERA;
5. propose the draft administrative and technical resolutions and bylaws regulating
the work of RERA, and submit the same to the Director General for approval,
6. supervise the work of the executive body of RERA; and
7. exercise any other duties and powers assigned to him by the Director General.

Financial Resources of RERA


Article (8)
The financial resources of RERA shall consist of:
1. the support allocated to RERA in the budget of the DLD; and
2. any other resources approved by the Director General in accordance with the legislation
in force.


Issuing Implementing Resolutions


Article (9)
The Chairman of the Executive Council shall issue the resolutions required for the
implementation of the provisions of this Law.


Supersession and Repeals


Article (10)
a. This Law supersedes the above-mentioned Law No. (16) of 2007.
b. The DLD hereby succeeds RERA in exercising all the functions related to the registration
of Lease Contracts and regulation of the relationship between Landlords and Tenants,
and in exercising all other functions related to Lease Contracts, which are stipulated in
the legislation in force in the Emirate.
c. Any provision in any other legislation is hereby repealed to the extent that it contradicts
the provisions of this Law.


Publication and Commencement


Article (11)
This Law shall be published in the Official Gazette and shall come into force on the day on
which it is published.


Mohammed bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 4 September 2019
Corresponding to 5 Muharram 1441 A.H.