Which law regulates Real Estate Brokers in Dubai?

The regulation of real estate brokers in Dubai is governed by Law No. 85 of 2006. This legislation lays out the framework within which real estate brokers must operate, including licensing, responsibilities, and regulatory oversight by the Dubai Real Estate Regulatory Agency (RERA). This law was established to ensure that real estate transactions in Dubai are conducted in a fair, transparent, and efficient manner, fostering trust and protecting the rights of all parties involved.

Understanding this law is crucial for anyone involved in the real estate industry in Dubai, as it sets the standards for professional conduct, outlines the necessary qualifications to operate as a broker, and establishes the penalties for non-compliance. The emphasis on regulation through Law No. 85 of 2006 highlights the importance of professional standards and consumer protection within Dubai’s dynamic real estate market.