RERA (Real Estate Regulatory Authority) has warned investors of real estate in Dubai, to gently press their investments with the developers who are not in accordance with the guidelines RERA. RERA is a central authority in Dubai for Real Estate and Real estate legalization. In strict terms of the Authority warned investors to be careful, to the following guidelines:

1. The developer must be registered with RERA and should be the registration number.

2. The payments to the developer of the company should be made to the escrow account if the financial institution must be a RERA approved. Even the real estate agents have an ID card would be a stamp of his / her registration RERA.

This tightening of laws in Dubai is a boom in real estate in Dubai to promote further investment through increased safety. The establishment of the new escrow law 8 service has contributed to the investor in the region. How this law any new development in Dubai have a mandatory escrow account. Currently, according to the market of new businesses would follow this law (ie the companies which have been launched after the Act 8 was in the market). Some sources in the industry say that by the end of the year, the new law 8 shall apply to all existing property developments in Dubai Land.

RERA and the new law 8 have a much-needed assistance to the buyer of real estate in Dubai, in the past been frustrated by the delays or in some cases a loss of investment. The best response to these developments in the Middle East would be in the new town project fair in Dubai. Moreover, since the introduction of the new Law 8 in Dubai property market, there was a significant slowdown in the introduction of new projects, where developers will find it difficult to respect the guidelines. This is certainly suggest that the new law has a stir in the market calls for safer investments.

Deepak Rodey works for Dubai real estate consultancy, the agents of property in Dubai.