Article (5)
For the purpose of achieving its objectives, RERA will 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 of 7 --
Law No. (4) of 2019 Concerning the Real Estate Regulatory Agency
Page 4 of 7
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;
-- 4 of 7 --
Law No. (4) of 2019 Concerning the Real Estate Regulatory Agency
Page 5 of 7
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
