Dubai issues 8,500 real estate permits in 12 months
E-advertising permits ranked in first place
The Dubai Land Department (DLD) has announced that it issued 8,500 real estate permits from August 2016 to the end of August 2017.
Among the 16 categories of real estate permits issued by the Real Estate Regulatory Agency (Rera), e-advertising permits ranked in first place with 6,393 issued in this category, followed by classified ads with 517, billboards with 302 and newspaper ads with 289.
There was also significant activity for real estate promotion stands, with 150 permits issued in this category, in addition to 141 permits for vehicle advertising, 128 permits for printed advertisements, 244 permits for outdoor advertising and 219 permits for text messages.
Ali Abdullah Al Ali, senior director of the real estate licensing department at Rera, said: "The primary purpose of regulating real estate ads is to protect our customers from any illegal advertisements while also ensuring transparency and credibility in the real estate sector. The significant increase in the number of permits we have issued from year to year reflects the sustained growth of the real estate sector and the momentum it is building in the run-up to Expo 2020."
The procedures followed by the real estate licensing department at Rera help to reduce negative practices.
The partnership delivers innovative solutions for the pace and scale... READ MORE
Asian shares are rising as some regions in Japan resume near-normal... READ MORE
The World Bank has predicted that, globally, remittances would... READ MORE
Singapore has lowered its GDP forecast to a contraction range of -7... READ MORE
Passengers not wearing masks, gloves to be barred from entering the... READ MORE
Travellers from Pakistan will only be accepted if they comply with... READ MORE
The airline has implemented an extensive sanitisation and customer... READ MORE
The restrictions on employees working from office was placed as a... READ MORE