What percentage of land must a developer own to register a project?

What percentage of land must a developer own to register a project?

• A. 50%
• B. 75%
• C. 100% or 20% if mortgaged
• D. 100% unless otherwise approved

Answer: (C)

To register a real estate project in Dubai, a developer must own 100% of the land, or 20% of the land if it is mortgaged. This regulation is in place to ensure that developers have a significant level of investment and control over their projects, which helps to protect buyers and the integrity of the development process. Mortgaging a portion of the land allows developers some flexibility while still maintaining a significant ownership stake. This ownership requirement is crucial for regulatory oversight, ensuring that developments are managed by entities with a vested interest in the project's success. As a result, the stipulation allows RERA to monitor and ensure compliance with local laws and standards, maintaining market stability and consumer protection in the real estate sector.

To register a real estate project in Dubai, a developer must own 100% of the land, or 20% of the land if it is mortgaged. This regulation is in place to ensure that developers have a significant level of investment and control over their projects, which helps to protect buyers and the integrity of the development process. Mortgaging a portion of the land allows developers some flexibility while still maintaining a significant ownership stake.

This ownership requirement is crucial for regulatory oversight, ensuring that developments are managed by entities with a vested interest in the project's success. As a result, the stipulation allows RERA to monitor and ensure compliance with local laws and standards, maintaining market stability and consumer protection in the real estate sector.