Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  

DLD fines 30 real estate companies for failing to comply with the terms and conditions specified in real estate advertisements

 
DLD fines 30 real estate companies for failing to comply with the terms and conditions specified in real estate advertisements

Dubai, United Arab Emirates, 8 February 2024: The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), emphasises that all real estate companies must adhere to the terms and conditions stipulated for real estate advertisements; this includes providing accurate and correct information to customers by obtaining advertising licenses. Additionally, it is obligatory to include a QR code to enable investors to identify and verify all associated property data advertised.

This resulted from the Real Estate Regulatory Agency fining 30 real estate companies for failing to comply with the terms and conditions specified in real estate advertisements, which are established to govern advertisements and curb negative practices within the industry.

Ali Abdullah Al Ali, Director of the Real Estate Control Department at RERA, highlighted that the agency has closely monitored real estate advertisements and market activities. As a result, 30 violations were identified among real estate companies, each incurring a
AED 50,000 fine for non-compliance with RERA directives. The agency had previously issued circulars and warnings to emphasise the provisions and conditions of real estate advertising and ensure compliance.

Ali Abdullah Al Ali emphasised the Real Estate Regulatory Agency’s ongoing dedication to enhancing transparency in the real estate sector, delivering top-notch services to stakeholders, safeguarding everyone’s rights, and fostering sustainability in the sector’s development and growth. This commitment is aligned with the DLD’s strategy of becoming the global leader in real estate investment. The strategy focuses on providing seamless real estate services, effective legislation, integrating data through partnerships, leading digital infrastructure, and empowering human capital.

Ali Al Ali urged all companies to consistently comply with the agency’s instructions, laws, and regulations. This can be achieved through continuous training or by acquiring information from training courses. Such compliance is essential to ensure a safe, stable, and sustainable environment that enhances the experience of DLD’s customers, He also encouraged the public not to engage with any real estate advertisement that does not have a permit and QR code.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 7917 times
PR Category : Real Estate & Retail
Posted on : Thursday, February 8, 2024  2:53:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Summary of weekly real estate transactions for the week endi...
Next Story : Summary of Weekly Real Estate Transactions for the Week Endi...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Mitch Evans Looks For Another Italian Triumph As Formula E Descends On Rimini Debut - Wher... [22935-Views]
Khabib's Official Training Gloves Will Be Sold at Tooba Charity Auction in Dubai [22423-Views]
Oliver rowland wins misano e-prix opener after antonio felix da costa disqualification [20188-Views]
Victory for Pascal Wehrlein after last Lap Heartbreak for Rowland [18532-Views]
Formula E and FIA to unveil new gen3 evo race car at upcoming monaco E-prix [15420-Views]
Henry Jacques launches Collection de l'Atelier [10332-Views]
Tag Heuer Monaco Split-Seconds Chronograph: Watches & Wonders 2024 [8922-Views]
The Tortue Watch: A Perpetually Reinvented Timepiece [8799-Views]
Nikai unveils next-generation Google TVs redefining home entertainment [8430-Views]
South Indian Cinema Megastars Rana Daggubati, Rockstar DSP Akul Balaji, Vijay Raghavendra,... [8257-Views]
Mansour bin Mohammed congratulates Hamdan bin Mohammed on the Qatar-UAE Super Shield crown [8032-Views]
Goodbye to the Grrr-Eight One: Jeep® Brand Announces 2024 Wrangler Rubicon 392 Final Editi... [6560-Views]
Sivakov takes final stage of Giro D'Abruzzo [6421-Views]
Kia wins prestigious 2024 Car Design Award for Brand Design Language with ‘Opposites Unit... [6138-Views]
Abt Joins Forces With Lola And Yamaha For Formula E's Ground-Breaking Gen3 Evo Era [5707-Views]
Swiss International School Dubai students get seven-star work experience at Burj Al Arab [5654-Views]
World Future Energy Summit Opens with Collective Call for Collaboration on ‘Pathway to 1.5... [5572-Views]
Hitachi Energy unveils cutting-edge solutions at Middle East Energy 2024 [5531-Views]
Zone in with oakley® latch panel: Take Control Of The Chaos With New Lifestyle Sunglasses [5531-Views]
Parmigiani Fleurier – New TORIC Collection [5445-Views]
Turkish Airlines closes 2023, carrying 83.4 million passengers with a 23.5% increase in do... [5314-Views]
AUS secures top spots in academic and employer reputation in UAE, announces QS World Unive... [5277-Views]
Heritance Aarah Maldives: Your Summer Culinary Getaway [5207-Views]
Eternal Elegance: Casadei Unveils The Enchanting 2024 Bridal Collection [5166-Views]
Jan Christen takes first professional victory at Abruzzo [5162-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories