Dubai Real Estate Regulatory Agency
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Dubai Real Estate Regulatory Agency
The Real Estate Regulatory Agency (RERA; ar, مؤسسة التنظيم العقاري) is a government agency to regulate the Developments in Dubai, real estate sector in Dubai, the governmental Dubai Land Department. It's a head agency which forms, regulates and authorizes the real estate sector in Dubai. RERA was founded on 31 July 2007 by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and List of rulers of individual Emirates of the United Arab Emirates, Ruler of Dubai. Aims of founding To set policies and plans in the real estate sector in Dubai in order to increase foreign investments. RERA is a part of Dubai Land Resources Department. The agency has its own financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. RERA provides transparence and effectiveness of Legal doctrine, legal framework, when everyone involved in the property market can conduct a bu ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Developments In Dubai
The Dubai government's decision to diversify from a trade-based, oil-reliant economy to one that is service and tourism-oriented has made real estate and other developments more valuable, resulting in a property boom from 2004 to 2006. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which are 25% of cranes worldwide, are operating in Dubai. Due to the burst of construction, Dubai has acquired various building-related records, which include: the world's tallest tower ( Burj Khalifa), the world's largest shopping mall (Dubai Mall), the world's largest fountain (The Dubai Fountain) and the world's tallest hotel (Gevora Hotel). Also under construction is Dubailand, which will be almost twice the size of the Walt Disney World Res ...
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Mohammed Bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum ( ar, محمد بن راشد آل مكتوم, links=no; ; born 15 July 1949) is the Prime Minister of the United Arab Emirates, vice president, prime minister, and minister of defence of the United Arab Emirates (UAE) as well as the ruler of Dubai. He is the third son of Sheikh Rashid bin Saeed Al Maktoum, former vice president of the UAE and ruler of Dubai. Mohammed succeeded his brother Maktoum bin Rashid Al Maktoum, Maktoum as vice president and ruler following the latter's death in 2006. A billionaire, Mohammed generates most of his income from real estate and is described as "one of the world's most prominent real estate developers". Land which is owned by him is managed as an asset of the state. There is a blurred line between the assets of the government of Dubai and those of the ruling Al Maktoum family. He oversaw the growth of Dubai into a global city, as well as the launch of a number of government-owned enterprises including Emira ...
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List Of Rulers Of Individual Emirates Of The United Arab Emirates
This article lists the rulers of separate states on the territory of the United Arab Emirates, most of which became its Emirates. List of rulers of the Emirate of Abu Dhabi Al Nahyan of Al Abu Falah dynasty List of rulers of the Emirate of Dubai Al Maktoum dynasty List of rulers of the Emirate of Sharjah Al Qasimi dynasty List of rulers of the Emirate of Fujairah Al Sharqi dynasty List of rulers of the Emirate of Ras Al Khaimah Al Qasimi dynasty Throne vacant from August 1900 until 10 July 1921 List of rulers of the Emirate of Umm Al Quwain Al Mualla dynasty List of rulers of the Emirate of Ajman Al Nuaimi dynasty List of rulers of pre-union regions These are regions that were once independent but now are affiliated with other emirates. List of rulers of Dibba *Under a ''Hakim'' *Reincorporated into Sharjah 1951 List of rulers of Al Hamriyah *Under a ''Hakim'' *Reincorporated into Sharjah 1922 but retained semi-autonomy until the late 1960s. List of rul ...
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Legal Doctrine
A legal doctrine is a framework, set of rules, Procedural law, procedural steps, or Test (law), test, often established through precedent in the common law, through which judgments can be determined in a given legal case. A doctrine comes about when a judge makes a ruling where a process is outlined and applied, and allows for it to be Case law, equally applied to like cases. When enough judges make use of the process, it may become established as the ''de facto'' method of deciding like situations. Examples Examples of legal doctrines include: See also * Constitutionalism * Constitutional economics * Concept * Rule according to higher law * Legal fiction * Legal precedent * ''Ex aequo et bono'' References External links * *Pierre Schlag and Amy J. Griffin, "How to do Things with Legal Doctrine" (University of Chicago Press 2020) * Emerson H. Tiller and Frank B. Cross,What is Legal Doctrine?
" ''Northwestern University Law Review'', Vol. 100:1, 2006. Legal doctrines ...
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Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Mohammed Bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum ( ar, محمد بن راشد آل مكتوم, links=no; ; born 15 July 1949) is the Prime Minister of the United Arab Emirates, vice president, prime minister, and minister of defence of the United Arab Emirates (UAE) as well as the ruler of Dubai. He is the third son of Sheikh Rashid bin Saeed Al Maktoum, former vice president of the UAE and ruler of Dubai. Mohammed succeeded his brother Maktoum bin Rashid Al Maktoum, Maktoum as vice president and ruler following the latter's death in 2006. A billionaire, Mohammed generates most of his income from real estate and is described as "one of the world's most prominent real estate developers". Land which is owned by him is managed as an asset of the state. There is a blurred line between the assets of the government of Dubai and those of the ruling Al Maktoum family. He oversaw the growth of Dubai into a global city, as well as the launch of a number of government-owned enterprises including Emira ...
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Ajman Real Estate Regulatory Agency
The Ajman Real Estate Regulatory Agency (ARRA, ARERA or Ajman RERA) is an Ajman, United Arab Emirates based government regulatory authority responsible for the regulation and licensing of Ajman's real estate market, consumer protection and dispute resolution. However, ARRA does not resolve disputes concerning rent of property units. Jurisdiction and legal powers All land, villas and apartments, freehold or otherwise within Ajman, must be solely registered with ARRA. Noncompliance may result in the developer being fined 100,000 AED (27,233.12 USD) onwards. ARRA is also responsible for certifying escrow An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacti ... bank accounts. The National Ajman adds ADIB to escrow list See also * Real Estate Regulatory Agency References External li ...
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Government Agencies Of Dubai
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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