Planning on launching a new off-plan real estate development at the Gulf Property Show?
This article provides a brief overview of the licences available to Developers and the key documents required.
Legislative Decree No. 27 of 2017 and its subsequent decisions (RERA Law) put in place a licencing framework for property developers (Developers) seeking to launch real estate developments and sell units off-plan (Development). Since the RERA law came into effect in March 2018, we have seen approximately 12 Developments and 80 Developers listed on RERA’s website.
With the upcoming Gulf Property Show scheduled for 23 – 25 April 2019, it is imperative to ensure that Developers are in compliance with RERA’s licencing requirements.
We have set out below a brief overview of the licences and documents required together with a flow chart to assist Developers with deciding which licence to apply for.
Click here: Which off-plan licence is right for you?
Our team has significant experience advising on RERA related matters and are able to assist Developers with complying with the requirements and regulations.
For more information or assistance please contact Simon Green on +973 1713 3200 or at simon.green@crsblaw.com.