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DED, RERA to support services for real estate sector

DUBAI - The Dubai Department of Economic Development (DED) and Dubai's Real Estate Regulatory Authority (RERA) recently signed a partnership agreement to enhance the quality of support services offered to real estate investors and customers.

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As per the agreement, RERA will use the licence and business registration system applied by the DED for issuing licences related to real estate activities. This is aimed at easing licencing procedures related to real estate activities and enhancing the overall performance of Dubai's real estate sector.

Khalid Al Kassim, Deputy Director General for Planning and Development at DED, and Marwan Bin Ghalaita, CEO, RERA, signed the agreement. Officials from DED and RERA attended the signing ceremony held recently at DED headquarters in Deira.

"The agreement comes in line with DED's strategic objective to constantly review existing procedures to simplify rules and regulations. The business registration system at DED has been thoroughly streamlined and made more user-friendly. Investors can now set up businesses with the minimum of procedures and paperwork, and DED will assist them by co-ordinating with other government departments and authorities," said Al Kassim.

Marwan bin Ghalaita said: "RERA will set the basics of licencing for real estate activities and implement procedures to speed up the issuance of licences for such activities. Through the agreement with DED, we will share best practices and experiences, and explore mutually beneficial opportunities, which will enhance the quality of support services offered to real estate investors and customers."