What is the purpose of the EJARI System?

The purpose of the EJARI System is to record all rental agreements in Dubai. This electronic system ensures that all rental contracts are officially documented, registered, and recognized by the Real Estate Regulatory Agency (RERA). By utilizing the EJARI system, landlords and tenants can secure their agreements, as it provides legal protection and transparency for both parties. The system also helps in regulating the rental market by ensuring that all contracts comply with RERA regulations, which aids in maintaining fair rental practices throughout the emirate.

Other options, while related to the real estate sector, do not accurately reflect the primary function of the EJARI System. For instance, assessing property values and facilitating property sales are activities that involve different tools and regulations outside the primary focus of EJARI. Additionally, managing residential contracts implies oversight of various contract types, whereas EJARI specifically targets rental agreements, thereby highlighting its unique role in promoting transparency and security in Dubai's rental market.