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Dubai agency registers 400
- United Arab Emirates: Monday, December 31 - 2007 at 09:31
Dubai's Real Estate Regulatory Agency (RERA) has licensed around 400 real estate developers, reported Emirates Business 24/7. The majority of the 400, which includes major firms like Emaar Properties and Nakheel, have also established escrow accounts to protect investors' money while their homes are being built. RERA CEO Marwan Ahmed bin Ghalita said the registration process has added greater transparency to the sector.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 31 - 2007 at 09:31 UAE local time (GMT+4)
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