What is the difference between RERA and the DLD?
RERA and DLD are two separate government agencies in Dubai that have different roles and responsibilities in the regulation and management of the real estate sector.
Dubai Land Department (DLD) is responsible for the registration and regulation of real estate transactions in the emirate of Dubai. It oversees various functions related to land and property, including sales and purchases, leases, mortgages, and other property-related agreements. The DLD also sets regulations and standards for the real estate sector, manages the Dubai Real Estate Registration Trustee, and provides various services to the public, including property valuation, registration, and ownership certificates.
Real Estate Regulatory Agency (RERA) is a regulatory body that operates under the DLD's umbrella and oversees the activities of developers, brokers, and other real estate professionals in Dubai. It is responsible for ensuring compliance with regulations related to real estate transactions and protects the rights of buyers and sellers. RERA sets guidelines and standards for the real estate sector, manages the Dubai Brokers Register, and handles complaints and disputes related to real estate transactions.
In summary, the DLD is responsible for the overall management and regulation of the real estate sector in Dubai, while RERA is a specialized regulatory agency that operates under the DLD's umbrella and oversees the activities of real estate professionals in Dubai.
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