Dubai - RERA Dubai New property advertisement regulations Oct 2016

RERA Dubai New property advertisement regulations Oct 2016 New set up guidelines from Rera, for any property ad to be placed in any media with a new exposure in Dubai, they must first: Obtain a permit through the " Trakheesi" system on the Dubai Land Department website. Submit a copy of the title deed and for overseas real estate a letter from the country in question describing the method of foreign ownership of properties, a marketing agreement between the property owner and brokerage firm and a letter from the broker indicating the type of property. Produce a letter than the brokers will not receive any money on the owner’s behalf. This must come with an additional letter stating that the brokers holds the full legal liability for the authencity of the information provided. Ensure documents issued outside outside of the UAE are arrested at a UAE embassy and the minister of foreign affairs, and translated into Arabic by legal translators. For brokerages, the registration firms and the brokers should be mentioned and a permit approval fee of Dh 1,010 paid. SOURCE GULF NEWS