Tag: Real Estate Regulatory Agency (RERA)

Dubai has witnessed completion of 129 projects since 2009 with 237 out of 450 projects likely to be completed in due course, according to information contained in the government’s bond prospectus posted on the London Stock Exchange.

The Real Estate Regulatory Agency (RERA) is reviewing 90,000 units that will enter the market from now until 2016 in an effort to manage oversupply, according to Marwan Bin Galitha, the agency’s director general. RERA has recorded an average of 50 new transactions everyday with an increase in empty land transactions by Indian, UK-based and Russian businessmen, Bin Galitha said.