• Home
• /
• Local business

RERA, DED Sign Accord litiate Realty Sector

DUBAI - The Real Estate Regulatory Authority (RERA) and Dubai Department of Economic Development (DED) have signed an alliance to facilitate licensing procedures for real estate sector, which plays vital role in the economic growth of the Emirate.

The DED and RERA join hands to set a mechanism for issuing permits related to promoting real estate activities and thus enhance the quality of support services offered to real estate investors and customers, said Sami Al Qamzi, Director-General, DED.

As per the agreement, the DED will use its licence and business registration system for issuing licences related to real estate activities according to the procedures applied by RERA.

Accordingly, RERA will train a number of DED staff on how to use the licensing procedures and the various requirements.

Al Qamzi and Engineer Marwan Bin Ghalaita, CEO, RERA, signed the agreement at DED headquarters recently.

“The cooperation agreement comes in line with DED’s strategic objective to support the development and progress of the real estate sector in Dubai, which plays a vital role in the economic growth of the emirate,” said Al Qamzi.

Engineer Marwan bin Ghalaita said: “The agreement aligns with our growth objectives to activate a joint mechanism to systematise all operations related to licensing for real estate activities. RERA seeks to develop a unified organisational structure that supports the interests of real estate investors and customers.”

· abdulbasit@khaleejtimes.com