What is true regarding the developer's ownership of the land for project registration?

The statement regarding the requirement for project registration highlights an important regulatory guideline set by RERA. According to RERA regulations, if a developer does not have full ownership of the land, they must complete at least 20% of construction for the project to be registered. This requirement serves multiple purposes, including ensuring that the developer is committed to the project and that there is substantial progress before the project can be publicly marketed.

This 20% completion requirement acts as a safeguard for buyers and investors, minimizing risks associated with projects that may not materialize. By necessitating a certain level of construction progress, buyers can feel more secure knowing that the project is not solely dependent on land ownership, but also on physical development.

Other options suggest alternative scenarios that do not align with RERA's stipulations. Therefore, the emphasis on the need for 20% construction completion when there isn't full ownership highlights a key regulatory framework essential for maintaining credibility in Dubai's real estate market.