Dubai audits 70% of real estate projects
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Dubai audits 70% of real estate projects

Dubai audits 70% of real estate projects

Dubai's Real Estate Regulatory Agency (Rera) has announced that following the implementation of a new auditing system it has completed receipt of financial statements for 70% of real estate projects registered at the agency. The new system aims to confirm the accuracy of monitoring environments in real estate development companies, as well as evaluate the risks involved in their projects, the efficiency of the company's operational systems and the accuracy of the financial data for sold off-plan projects. In addition, the system aims to confirm real estate developers' commitment to relevant real estate laws and regulations.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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