Published: 9th September 2013
RERA, Dubai’s Real Estate Regulatory Authority has announced that it has started to suspend the trading licences real estate brokers in the Emirate, who have failed to register with their official Licensing Department. The move follows numerous warnings over the past few weeks to real estate brokers who have so far refused to conform to the new rules.
'RERA has encouraged all brokers to formally register with the agency and those who have not registered should do so as soon as possible,' said RERA Brokers Licensing Department Director Yousif Al Hashimi.
RERA has moved swiftly to back up their threats of suspending broker’ licences, and last week took action against Sulehri Real Estate, who were not registered with RERA, despite being registered with the Dubai Department of Economic Development.
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