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Dubai Land Department (DLD) has recently issued its special circular No. 13 for the year 2016, outlining real estate marketing mechanisms that are designed for real estate companies and brokers marketing properties outside of Dubai. These are in growing numbers thanks to the global reputation of the UAE's real estate sector, and in particular Dubai's.
Ali Abdullah Al Ali, director of the Real Estate Licensing Department at The Real Estate Regulatory Agency, the regulatory arm of Dubai Land Department said this circular is intended to protect residents who are interested in making real estate investments outside of the country.
"It encourages real estate brokers to be accurate and cautious in any campaigns that promote properties abroad, and advises everyone to follow the correct legal procedures, regardless of the contracting parties, and deal with accredited brokerage offices. "The circular outlines new requirements for any real estate announcements, across all advertising and other media. Forthwith, permits for any announcements related to real estate property either inside or outside of the country must be obtained via the DLD's Trakheesi system.
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