Which law established the Dubai Real Estate Regulatory Agency?

The law that established the Dubai Real Estate Regulatory Agency is Law No. 7 of 2006. This legislation was a significant milestone in the development of the real estate sector in Dubai, aimed at creating a robust and transparent regulatory framework. The establishment of RERA was pivotal in enhancing trust and investor confidence in the market, as it set forth regulations governing real estate transactions, broker licensing, and property management.

This law encompasses various elements, including the registration and regulation of real estate brokers, ensuring that they adhere to professional standards and ethical practices. It also mandates the registration of property developments, which helps to streamline the buying and selling processes while protecting the rights of buyers and sellers.

The other laws listed, while important in their own contexts, do not pertain specifically to the establishment of the Dubai Real Estate Regulatory Agency. They may address other aspects of governance and regulation within the emirate but do not directly relate to the foundation and operational framework of RERA.