What penalties may be imposed for operating without a RERA license?

Operating without a RERA license can result in significant penalties, including fines and potential criminal charges. This is because RERA has established strict regulations to ensure that all real estate professionals adhere to the necessary legal and ethical standards. The penalties are intended to enforce compliance, protect consumers, and maintain the integrity of the real estate market in Dubai.

Fines can vary based on the severity of the violation, and in some cases, legal action may lead to criminal charges if the breach is severe enough, such as fraudulent activity. By imposing these measures, RERA aims to deter unlicensed operations, ensuring that every broker is qualified and operates within the bounds of the law, which ultimately protects both the real estate market and its participants.