Dubai’s Rera brings out updated guidelines for real estate brokers

An updated set of guidelines that real estate professionals should adhere to in Dubai has been issued by the Real Estate Regulatory Agency. This year has seen major reforms in the way brokers can be involved in buying, selling or leasing properties, including the landmark decision to limit the number of brokers involved with transacting a property deal at any given time.

Another requirement was for strict pre-approvals when it came to property advertisements. All of which find mention in the ‘Real Estate Brokerage Practice Guide’ and the ways to practice it in Dubai, to ensure ‘all are familiar with these regulatory procedures; thus, ensuring that they carry out real estate transactions in a healthy and transparent manner’, according to Rera. “And fully commit to all laws to avoid any practices outside this framework, which may entail taking legal measures against violating companies.”